A reading of 30 or less indicates oversold market conditions and a higher chance of price strengthening (rising).

Gold is a popular investment choice for many investors due to its historical stability and perceived value. One of the main benefits of investing in gold is its ability to act as a hedge against inflation and economic instability. During times of...

In trading, price data refers to the prices at which financial instruments such as stocks, bonds, currencies, and commodities were purchased and sold at a specific point in time or over a specific time period. It may include data on the opening,...

The Homing Pigeon candlestick pattern is a bullish reversal pattern that appears in a downtrend, signalling a potential shift in momentum. It consists of two consecutive bearish candlesticks, whereas the second one is entirely contained within the...

A currency basket is a group of currencies used to help stabilise a country's currency's value. Typically, the basket includes the currencies of a country's major trading partners. The currency basket can be used by a country's central bank to...

A forward spread is the difference in price between two forward contracts. A forward contract is a type of derivative contract in which two parties agree to buy or sell an asset at a set price on a future date. A forward spread can be used to...

A liquid market refers to a financial market where there are many buyers and sellers, and transactions can be executed quickly and at low cost. This type of market has high trading volume, which means there is a large number of shares or other assets...

Understanding psychology in markets is important because it helps individuals make better investment decisions. Markets are driven by the behavior of investors, which is influenced by their emotions and biases. If investors are overly optimistic or...

Pivot trading is a popular strategy among traders as it helps to identify key levels of support and resistance in the market. These levels are determined by calculating the pivot point, which is the average of the high, low, and closing prices from...

Strategy development in trading involves creating a systematic plan or approach to making investment decisions in financial markets. The process typically begins with defining an investor's goals, risk tolerance, and investment time horizon. A trader...