EUR/USD: This market has been moving steadily in the...
The Monthly Chart is in a large down Down channel and if you plot the Down Fibs then there is a Monthly D extension at 1.0000 (Parity). On the Weekly time frame there is also a down Fibonacci swing with its D extension way below parity at 0.9300. In fact, the market has broken a counter trend line, the Weekly StochasticRSI is in the Sell Zone AND the market formed bearish c ...Continue Reading
Forward Rate Agreements (FRA’s)
A forward rate agreement (FRA) is an over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date.
An effort to forecast future market activity by analyzing market data such as charts, price trends, and volume.