Wednesday, July 4, 2007
Forex Technical indicator - News effect the currency pairs
Forex Technical indicator - News effect the currency pairs
Technical analysis is always superseeded by fundamental announcements or news. The RSI, MACD, fibonacci levels don't hold good at news time. However it doesn't mean that one should be aware of technical levels since the technical resistance/support levels hold good even at news time.
When day trading, make sure to whatch the economic news release time to make sure that you don't place a trade when news is about to break.
Technical analysis is always superseeded by fundamental announcements or news. The RSI, MACD, fibonacci levels don't hold good at news time. However it doesn't mean that one should be aware of technical levels since the technical resistance/support levels hold good even at news time.
When day trading, make sure to whatch the economic news release time to make sure that you don't place a trade when news is about to break.
Labels: currency trading, forex day trading, forex technical indicator, fundamental announcements, MACD, RSI, technical analysis
