Author: rcanessa - Page 18

Bullish Harami Cross Candlestick Pattern

Definition and identification

The candlestick formation Bullish Harami Cross is a trend reversal pattern that occurs in bearish markets, and indicates that there is a probability that a change from bearish to bullish trend will occurs. This pattern has a moderate reliability and can be identified as follows:

First a long candle is produced, which can be white or black.
A Doji is then formed in the next period, which is within the range of the previous candlestick.
The previous trend must be necessarily bearish.

Trend Continuation Patterns in Technical Analysis

by rcanessa

In this article we are going to focus on the topic of trend continuation price patterns. We will cover many topics related to technical analysis such as basic concepts, description of trend continuation formations, and tips on how to trade once the trend continuation pattern is found. In this way, we hope to answer the main questions on the subject, especially those related to the identification of these price formations and their use as technical tools to trade in Forex and other markets.

The three pillars of Technical Analysis

Technical analysis is based on three basic principles, which are known as the three pillars of technical analysis, and they are the following:

Price reflects everything.
Prices move in trends
The history repeats itself.

It is essential to understand each of them to really understand what technical analysis is and how it works. Let’s review each principle:

Although rising against the dollar, altcoins lose value against bitcoin

by rcanessa

Binance coin (BNB) fell over 13% compared to bitcoin.
Only Chainlink (LINK) performed close to that of bitcoin last week.

The upward momentum that the bitcoin (BTC) price has experienced recently has spread, as it usually happens, to the rest of the cryptocurrencies in the market. However, while the major altcoins have risen in value against the dollar, the story has been different when compared to BTC.

In its most recent weekly report, published this Monday, the firm Glassnode highlights how the bull market has given a greater boost to bitcoin than to other major cryptocurrencies, including ether (ETH) from Ethereum, bitcoin cash (BCH), chainlink (LINK ), polkadot (DOT), ripple (XRP) and binance coin (BNB).

Modified Indicator Forexorama – MACD For MT4

by rcanessa

The Forexoma-MACD is a modified indicator designed for the Metatrader 4 platform which is based on the MACD technical indicator. It was designed to be easier to read for the trader, as standard MACD signals can be somewhat complex for the beginner trader. In addition, it is designed to detect trend changes earlier as we will see later. It is a color-coded indicator which changes its color as soon as the analyzed asset changes trend.

This allows traders to detect the market trend much earlier than they could with the conventional MACD on the MT4 platform. The Forexoma-MACD actually works as a histogram whose bars change their color according to the current trend. Using the conventional MACD indicator on some occasions can cause traders to open their positions in the market when most of the price momentum is diminishing. This causes the trader to lose valuable pips of profit that could be obtained if he opens his positions earlier.

NordFX Review 2025 – Regulated ECN Forex & CFD Broker

by rcanessa

NordFX – ECN/STP broker specialized in Forex and CFD -Regulated by organizations such as CySEC -Tight spreads and low commissions Visit Broker Website NordFX – Forex Broker Review In this review, we present one of the most important brokers in the market, NordFX, an international broker with more than 12 years of experience operating in the financial markets. Stay until the … Read more

This is what you can (or cannot) do with bitcoin and cryptocurrencies in PayPal

by rcanessa

PayPal users will not be able to withdraw their bitcoin funds to an external wallet.
Bitcoins cannot be sent to other Paypal accounts.

PayPal announced this Wednesday that its users will be able to buy, sell and pay with bitcoin and cryptocurrencies from its platform. However, some of the details about the service raise doubts about the handling of funds in bitcoin and the possibilities of use that users will have.

Almost 200,000 bitcoins have been withdrawn from major exchanges

by rcanessa

The BitMEX platform saw its reserves reduced by 49.55% in the penultimate quarter of the year. Data suggests that the number of users preferring non-custodial storage increased. Bitcoin reserves on exchanges such as Coinbase, OKEx, and BitMEX have dropped considerably in the penultimate quarter of the year. This is recorded by the BitUniverse platform, which calculates a decrease of more … Read more

Avatrade Commissions 2026 – What are the Avatrade broker commissions?

by rcanessa

In this article, you will discover, clearly, what are the commissions that the AvaTrade broker charges for its financial brokerage services. AvaTrade is an online broker specializing in Forex and other financial instruments (through CFDs). It started its activity in 2006 and its main headquarters are in Dublin (Ireland) for which it is authorized and regulated by the Central Bank … Read more

Binary Options on Currencies

by rcanessa

In recent years, in the community of financial markets many traders of all types (large and small) have chosen to trade with currency pairs in the Forex market for various reasons. Part of the appeal of trade in the Forex market, either through Forex spot market or traditional options on currency pairs, is that the prices of currency pairs are in constant motion. We currently live in an interconnected world where a change in the US economy, for example, not only have an impact on the US dollar but also in other currencies such as the euro, Australian dollar and Japanese yen.

If a trader makes the decision to trade binary options on currency pairs, it is important to develop a trading strategy which necessarily requires an adequate understanding of the interrelationships between currencies. For example, if we are trading with options based on the USD/JPY, it is important to have a clear idea about the yen sensitivity to changes in the dollar. Learning the basis of the behavior of the currency pairs in the Forex market is essential to maximize opportunities when trading binary options based on these instruments.

Market Facilitation Index (MFI) Indicator – Interpretation & Signals

by rcanessa

The Market Facilitation Index (MFI) is a technical indicator developed by Bill Williams which analyzes the change in the price of a financial asset in connection with its trading volume, ie analyzing the change in price for each volume unit.

In much simpler words, the Market Facilitation Index (MFI) is an indicator based on the trading volume in the market. The difference between the MFI and the traditional volume indicator is that it does not take into account variations in prices, it only takes into account the number of shares or contracts that are traded in a market. The market facilitation index goes further. That is, it takes into account price variations and, at the same time, the volume traded.

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