Market full of buys. Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account. The new dollar kept a fixed exchange rate pegged to the British pound sterling until
Potential for second target in the case of stronger move. Markets been overbought for the last couple weeks breaking resistance consistently, We're waiting for a significant change in price to occur and for order flow to support the sell, Patiently waiting for the market to correct itself in some sufficient bearish pressure. Ready for a Breakout and fall back down from its current uptrend? Volume declining, move up appears weak. You can see my targets on it. Long term analysis Pair in very strong resistance areas represented: Multiple rejections at a price point indicate a reversal.
If we see price rejection and a bearish presence then we will look to take a short position. How to change the diagram type. Heikin Ashi graph helps you detect trend - a feature you will only find on professional platforms. The Heikin-Ashi technique helps you identify a trend more easily and detect trading opportunities. Also you can use our Forecast Poll. This forex plot type is not considered to be valid to take positions but rather to perform a follow-up of your trading positions.
How to change your board into Heikin Ashi. With Equivolume, you can plot price and volume activity on a single graph, instead of having volume added as an indicator on the side. This tool draws the bars following their traded volume at a precise point in time the wider the bar, the bigger the volume.
A very handy feature for those strategies whose key factor is volume. How to change your table into Equivolume. You have plenty of options to draw on your graph, from lines including trend channels to arrows , going through rectangles, circles and much more. Another available option to benefit from is the one that allows to configure the color of each of the drawing you put on the board, as well as the line weight thin, regular or bold.
How to draw on your diagram. Establish profitable opportunities and swing possibilities with it. How to add Andrew Pitchfork. Map out the magnitude of price moves with Retracements and Arcs. These tools let you draw studies about the possible developments of a price based on its previous move. It can be calculated following different mathematical concepts Fibonacci, Gann….
While retracements are concerned with just the magnitude of moves, Arcs factor both magnitude and time, offering areas of future support or resistance that will move as time progresses. How to add Retracements and Arcs. Determine trend direction with Linear Regression lines: How to add Regression lines. We offer a tool to compare graphs so you can analyze the price history of two assets and analyze relative performance over a period of time. The graph of both assets will be displayed in the same table, with the percentage of deviation in the left vertical axis.
This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro 'base currency' is quoted in terms of the Australian Dollar 'counter currency'. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment.