The stochastic oscillator is an indicator that helps determine when the price of an asset is about to change direction. It does this by giving signals on whether an asset is overbought or oversold. However, in this webinar, we will be exploring ways to determine trend reversals. By using the Stochastic indicator, added onto other trade setups or techniques, traders will be able to reduce their risks and increase probability.
This concept covers, the two currencies NZD (New Zealand dollar) and AUD (Australian dollar). NZD pairs are quite challenging, particularly the NZD/USD pair. This is because these pairs call for a little margin. This leaves more space for possible over-trading, and traders want to stay away from this. Australia on the other hand owes its popularity among currency traders to 3 G’s – geology (minerals), gold, and government policy, and hence, the AUD is driven by factors that may come from any one of these sources, whether Bullish or Bearish sentiment. In this webinar, we will be exploring the various strategies and trade setups that specifically fit trading both AUD and NZD crosses, whether for short, medium, or long term traders and of all levels.
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