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Random article: Candlestick Analysis
Forecasting the currency market by technical analysis consists of a variety of methods. One of them is the candlestick charts analysis. In this article we look at this kind of analysis. Directly the analysis of candlesticks and philosophy of this method was created in Japan in the XIII century. Its founder was a Japanese rice trader Homma Munehisa from Osaka. He traded on the rice stock exchange and tried to understand the psychology of buyers and sellers. Thanks to the timely warning heralds he received information about the slightest change in price, and thus quickly react to exchange events. This contributed to the fact that he was able to achieve unprecedented results - profit for one hundred consecutive transactions. In order for distinguished service Munehisa was awarded the title of samurai and received the right to be emperor adviser. His portrait can be seen on this picture.
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Popular article: Typical Price of Moving Average
Typical Price of Moving Average represents a combination of a Simple Moving Average and Pivot Point Method. With the help of this indicator, an average price for a certain time cutting is determined. Resulted value is further matched with present price and moments for opening trades are defined. Signal for purchase is when Typical Price Moving Average crosses price chart from bottom to top. If moving average crosses price chart in the opposite direction, it is a signal for sale. Also Typical Price of Moving Average is able to serve as resistance or support level.
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