FOREX TRADING

Since last covered the Canadian Dollar – on July 29 – the Canadian Dollar appreciated another 2% against the US Dollar, reinforcing the perception that the currency is both too volatile and appreciating too rapidly. This concern is harbored by the Central Bank officials and policymakers, which fear that the rising currency represents the proverbial wrench in the Canadian economic recovery. (more…)

The economic calendar is filled up with high impact data this week that threatens to sow in large volatility into the market. By the across-the-board range of news reports, ForexYard gives notice its traders to pay special attention to the U.S Manufacturing PMI, Pending Home Sales, Non-Farm Employment Change and EUR Minimum Bid Rate reports.

(more…)

Price envelopes consist of 2 moving averages and are plotted at a set percentage above and below a 3rd moving average. Price envelopes can be used to show overbought and oversold levels. Overbought conditions are found at the upper band and oversold conditions at the lower band.

Price envelopes consist of three moving averages:

(more…)