Category Archives: Forex Glossary

Moving Average is a technical analysis tool which shows the average price of an asset price over a certain period of time, smoothens price fluctuations and thus, reflects the direction and strength of a trend.

The indicator is used to determine the overbought and the oversold situations.

This is a bullish pattern signifying a potential bottom. A three-candle bullish reversal pattern consisting of three candlesticks: A long-bodied black candle extending the current downtrend A short middle candle that gapped down on the open A long-bodied white candle that gapped up on the open and closed above the midpoint of the body of [...]

Money supply is the total amount of money in circulation in the economy at a particular time. It is considered an important instrument in controlling inflation.