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Thread: Important Economy market mover/indicator to be known.

  1. #1
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    Important Economy market mover/indicator to be known.

    Hello, Lovely members.

    As all do know that the economy is actually one of the main factor that determines the strength weakness of any currencies. Here are some of the important news that moves the market which trader should keep an eye on.

    INTEREST RATES: This is one of the most important one, that most the market quite well. Although there is not assurance of an actual market movement if the rate gets hiked or cut. But still, it is vital to keep tab on such news.

    As we can see, yesterday being 15/03/2017 US had a Federal Funds Rate Hike from 0.75% to 1.00%. which made the USD pair moved for 100s of pips

    You can see the image here and the long candle was the reaction of the Fund rate hike

    Attachment 18714

    GDP DATA: A higher GDP is a good positive sign for the country, therefore will strength the currency

    EMPLOYMENT RATE: A Higher employment rate is also a good new for the related currency.


    Conclusion

    Interest rate is the most important, that is why I explained it more with examples chart.

    so what is your take on this.

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  2. #211
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    Quote Originally Posted by fahaddd View Post
    Trader must be able to measure the effect of news and its extension because all will be possible for us if we have experience and skill about news trading , if a trader have experience well so we known all these level always we have to give importance to these level so our trade became profitable and will give us success .
    It is not a must, because I have been able to learn and know that actually we can now trade without being bothered about the news. One is that you must use the bigger time frame not to get affected by the news. Well, though I check the news all said here, I check them but I don't let the judgment of buying or sell a pair come from the news trading.

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  3. #212
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    The economic news that rock the market when they are released are by far more than what you have here , what about the US Employment change which is otherwise known as non-farm pay roll ? What of FOMC rate decision and some other high impact news that can be viewed on the calendar ? The best way to understand this is to have the knowledge of fundamental analysis otherwise one will not be able to profit from any of these things.

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  4. #213
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    Keltner Channels

    Uptrend and forex trading signals
    The chart below shows Archer Daniels Midland (ADM) starting an uptrend as the Keltner Channels turn up and the stock surges above the upper channel line. ADM was in a clear downtrend in April-May as prices continued to pierce the lower channel. With a strong thrust up in June, prices exceeded the upper channel and the channel turned up to start a new uptrend. Notice that prices held above the lower channel on dips in early and late July.

    Even with a new uptrend established, it is often prudent to wait for a pullback or better entry point to improve the reward-to-risk ratio. Momentum oscillators or other indicators can then be employed to define oversold readings. This chart shows StochRSI, one of the more sensitive momentum oscillators, dipping below .20 to become oversold at least three times during the uptrend. The subsequent crosses back above .20 signaled a resumption of the uptrend.
    Downtrend and free forex signals
    The second chart shows Nvidia (NVDA) starting a downtrend with a sharp decline below the lower channel line. After this initial break, the stock met resistance near the 20-day EMA (middle line) from mid-May until early August. The inability to even come close to the upper channel line showed strong downside pressure.

    A 10-period Commodity Channel Index (CCI) is shown as the momentum oscillator to identify short-term overbought conditions. A move above 100 is considered overbought. A subsequent move back below 100 signals a resumption of the downtrend. This signal worked well until September. These failed signals indicated a possible trend change that was subsequently confirmed with a break above the upper channel line.
    free forex signals and Flat Trend
    Once a trading range or flat trading environment has been identified, traders can use the Keltner Channels free forex signals to identify overbought and oversold levels. A trading range can be identified with a flat moving average and the Average Directional Index (ADX). The chart below shows IBM fluctuating between support in the 120-122 area and resistance in the 130-132 area from February to late September. The 20-day EMA, middle line, lagged price action, but flattened out from April to September.
    The indicator window shows ADX (black line) confirming a weak trend. Low and falling ADX shows a weak trend. High and rising ADX shows a strong trend. ADX was below 40 the entire time and below 30 most of the time. This reflects the absence of a trend. Also, notice that ADX peaked in early June and fell until late August.

    Armed with the prospects of a weak trend and trading range, traders can use Keltner Channels to anticipate reversals. In addition, notice that the channel lines often coincide with chart support and resistance. IBM dipped below the lower channel line three times from late May until late August. These dips provided low-risk entry points. The stock did not manage to reach the upper channel line, but did get close as it reversed in the resistance zone. The Disney chart shows a similar situation.

    Keltner Channels are a trend following indicator designed to identify the underlying trend.Trend identification is more than half the battle. The trend can be up, down or flat. Using the methods described above, traders and investors can identify the trend to establish a trading preference. Bullish free forex signals are favored in an uptrend and bearish trades are favored in a downtrend. A flat trend requires a more nimble approach because prices often peak at the upper channel line and trough at the lower channel line. As with all analysis techniques, Keltner Channels should be used in conjunction with other indicators and analysis. Momentum indicators offer a good complement to the trend-following Keltner Channels.
    https://www.freeforex-signals.com/

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