Wednesday, January 24, 2007

In forex market,could any body explaine to me why the candles are getting longer this days than before? -

i noticed i the daily chart for many currencies ,for about three months ,candles were so small.mot more than 40-80 pips in day.but in the last few months ,candles become very long.about 100-200 pips in day and some times more,what is the reson for that change the length of the candlestick represents the range of the currency during the time span represented by each candlestick. when volatility increases in a market the average daily range increases. when currencies move relative to each other expect volatility to increase. the dollar started to gain against many currencies a few months ago. that is the point that the volatility picked up and the candlesticks became longer. The reason is there is much volatility in the markets and people are confused what to do and there is also uncetainity about the economy and also the negative news that going out on a daily basis but it could be something more thats what i think Trade Forex Automatically from Home Less Than 10 Hours/Week amp; Make More Than The Average Full Time Employee! http://www.forexsoftwarereview.net

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