Central banks cut interest rates when the economy slows down in order to spur economic activity and growth.
A hike in interest rates boosts the borrowing costs for the U.S. government, fueling an increase in the national debt.
Relative strength is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between 0 and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
A resistance is a price point on a chart where the probabilities favor a pause or reversal of an uptrend.
A retest refers to prices that reversed direction after a break of a resistance or support area and returned to the previous breakout level.
A reversal is a change in the price direction of a currency or financial instrument. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside.
We are Maite & Marios Krausse, both born in Germany and trade full time in the Foreign Exchange Market (Forex) as independent traders.
Our teamwork began in 1998, when we got to know and love each other. 20 years later after having built our careers, our son was born, making us a happy family. Continue reading...