Dayton, OH (PRWEB) July 31, 2013
While many traders use economic calendars and read articles that cover important details about markets in leading journals, most overlook technical analysis that full-time traders use to base their decisions on.
As a public service to traders, Eric Harbor, ceo, CaesarTrade FX-CFD writes a daily update on the market using important technical analysis tools that anyone can apply to their trading. One that is widely used is the RSI that was developed by Welles Wilder using a daily chart, but now being incorporated in all different time frames.
In today's analysis, Eric covers the EUR/JPY using the RSI in combination with traditional daily moving averages of 50 and 200 to make intuitive decisions as to the next move in this popular forex pair.
"The EUR/JPY is a very important currency pair to watch and it is very volatile," states Eric. "For traders, the volatility can make you money if you are on the right side of the trade. It's important to define your risk, and time your entry well."
Eric run a growing online forex brokerage and is the face of the company as his goal is to provide personal service and high quality to his traders. As a service, he writes for ForexMinute and issues press releases when he thinks that there is a high confidence trade. A good example was when he issued one when the Yen was at its weakest point, using RSI and can be read here
Eric is available for interview and can help interest more of your readers in the financial markets because it's not dull and anyone can participate. Call him at +1-937-581-4244 or email him at eric (at) caesartrade.com