Dayton, OH (PRWEB) May 31, 2013
Despite the one way direction the Yen has exhibited the past seven months, there is a slight technical deterioration spotted by the popular RSI indicator by Welles Wilder, but rarely used for longer term analysis. CaesarTrade FX-CFD believe in finding a simpler approach to profiting in the Forex market and has just released a longer term analysis on the Yen.
Every few days in its daily analysis for ForexMinute, CaesarTrade FX-CFD tries to present longer term perspectives for traders in order for them to consider the bigger picture than the here and now. Some of the most popular forms of technical analysis are featured such as: Elliottwave, Ichimoku, Welles Wilder, and Pivot Levels.
"The RSI should be a standard tool for any trader, and should be used on a Daily Chart. It's like trading and not knowing what economic releases will be issued that day," states Eric Harbor ceo CaesarTrade. "A trader can use this information to really tighten up his trading."
Like the question of which comes first "the chicken, or the egg", the use of technical analysis can help a trader then focus his energies on the fundamentals of a specific currency pair in order to find arguments that support the indication that an indicator, such as the RSI, is arguing for.
To learn more about the markets and analysis, visit http://www.forexminute.com/technical-analysis-reports.
To visit CaesarTrade FX-CFD, visit http://www.caesartrade.com
Eric Harbor is available for interview on a fast growing area of the financial markets that are seldom covered and even less in a fun and engaging manner. Eric can be reached at +1-937-581-424