Occurs when a buying and selling price is quoted for a transaction.
Two or more candlesticks with matching bottom. They can be composed of real bodies or shadows. These occur on consecutive or nearby candles. Indicates a bearish trend is ending, and perhaps a
reversal is in the works.
A trading band created by plotting the highest and lowest prices of an asset over a certain time period around the price of that asset.
The currency of Turkmenistan. Currency code ( TMM )
The currency of Tunisia. Currency code ( TND )
TRIX is a form of momentum indicator known as a technical analysis oscillator and was developed by Jack Hutson, the editor of Technical Analysis of Stocks and Commodities, in the 1980s.The purpose of
TRIX is to clearly and accurately demonstrate the derivative slope of a triple smoothed exponential moving average of closing prices in the market, the name Trix having itself been derived from the TRiple
EXponential nature of the indicator.Because the TRIX indicator oscillates around a zero line, the report is designed to automatically filter out stock or currency movements which in probability are insignificant to
the larger, overall trend of the market.With TRIX, just as with any other moving average indicator report, TRIX’s triple EMA nature is trend following and allows for easy recognition of the current trend movement.
Because of it’s zero line alignment up trends and down trends are easy to spot as crossing the zero line signals a change to the trend. This is especially useful as it allows the zero line to act as an active
signal line, so that the indicator showing a positive cross over the zero line may act as a buy signal and a negative, or downward cross over the zero line acting as a sell signal.
The Forex chart price trading pattern known as the Triple Top is a relatively rare reversal pattern that generally accurately indicates a move towards major reversal in the current direction of the trend or issue it
represents.The triple top pattern is similar in appearance to the head and shoulders patterns, in that it is represented by a series of three high highs and lows, except that with the triple top all three highs will be
of an approximate level ( as opposed to slightly ‘dipped’ middle high position of the head and shoulders chart pattern. )The appearance of the triple top indicates the existence of a uptrend, which is currently in
the process of transforming into an downtrend, the prolonged uptrend having run out of steam and traders interest having begun to decline.As with a triple bottom, it is generally thought that the longer a
particular trend takes to fully develop, the stronger the significant change in price once breakout occurs. Typically triple tops and bottoms take around four months to develop, and are considered one of the
slowest types of chart patterns to fully mature.With a triple top the support level can be imagined by drawing a line at the base level of the lows and usually traders choose to enter into short position once the
price level falls through this support level.
Trinidad, Tobago Dollars
The currency of Trinidad, Tobago. Currency code ( TTD )
Trend channels are very useful tools in the Forex world as correct analysis can help you in correctly determining where your entry point or exit point of a trade should be.Although regular trend lines are able to demonstrate the direction that the price is moving, trend channels allow you to clearly see where the currency is trading at that particular point in time in comparison to
the overall trend and direction.If you were to look at a graph or histogram of the trend lines and draw a line along both the top of the trend line, across any accumulated highs, and another line at the bottom of
the trend line, laying directly below the low points then the area in between these two lines, represented by both the historical highs and lows would be considered the trend channel.Generally, the channel will
be shown to be sloped slightly upwards. If you were in position at the top of the trend channel trading off of the upper resistance line, then given the nature of the channel it is likely that a down trend is imminent,
making this a good place for an exit price. If however you are positioned on the upward trending lower support line then given the direction of the trend channel this would be considered a good entry point.
Government obligations with maturities more than one year, but less than ten years.
Government obligations with maturities more than one year, but less than ten years.
Transparency refers to disclosure of information about activities. Transparent procedures include releases of meeting minutes, financial disclosure statements, budgetary reviews, and audits.For banks, transparency protects its clients against fraudulent activities. This involves open communication with its clients and ensures accountability.
The date a transaction is executed.
A type of stop loss order that moves relative to price fluctuations.In example, setting a 50-pip trailing stop on EUR/USD after buying it at 1.2550 would mean that if price rose to 1.2600, your stop would also rise
by from its initial level of 1.2500 to 1.2550 ( 50 pips ).Your stop will then stay at 1.2550 unless price moves another 50 pips in your favor. This means that your trade will remain open for as long as price doesn’t
go against you by 50 pips.Traders often makes use of trailing stops to lock in profits while minimizing their risk.
Trade Balance – Switzerland
Release schedule : 6:15 ( GMT ); monthly, one month after the reporting period
Revisions schedule : Few revisions
Source of report : Swiss National Bank
Web Address : http://www.snb.ch/e/index3.html
Trade Balance – Australia
Release schedule : 1:30 ( GMT ); monthly, near the end of every month
Revisions schedule : Monthly
Source of report : Australian Bureau of Statistics
Web Address : http://www.abs.gov.au/
Toshihiko Fukui is the Governor of the Bank of Japan .A life long career bureaucrat, Mr. Fukui joined the Bank of Japan in 1958 and since then has
served there in a variety of posts. Although still governed
by the conservative instincts instilled by his career training, Mr. Fukui has instituted a series of important reforms of BOJ business practices. A clear example of new openness comes every time the Bank of
Japan announces policy decisions. Since late 2003, Governor Fukui has complemented announcements with press conferences. The central bank also publishes detailed minutes of policy meetings. Such
transparency was unthinkable just five years ago. Mr. Fukui has maintained the country’s ultra-accommodative monetary policy and is unlikely to change course anytime soon given the fact that Japan has
entered its 4th recession in the past 12 years.
The buying and selling of currencies to avoid delivery of the currency. Allows a trader to hold a position for a day without worrying about delivery.
A minimum change in price, up or down.
Three White Soldiers
A bullish reversal pattern consisting of three consecutive white bodies, each with a higher close. Each should open within the previous body and the close should be near the high of the candle.
Thomas Jordan is the current chairman of the Swiss National Bank ( SNB ). He replaced former chairman Philipp Hildebrand in April 2012, after working as interim chairman at the start of the year while
Hildebrand was being investigated for a currency trading scandal.Prior to that, Jordan has served the SNB since 1997, starting from the economics department.As the Chairman of the SNB, Jordan is now the
Head of Department I ( Economic and International Affairs, and Legal and Property Services ). As the head of the central bank, traders watch out for his monetary policy remarks when he speaks at forums or
when he is scheduled to deliver speeches, as he could drop hints as to what direction the SNB will take with regards to monetary policy and interest rates.
Tertiary Industry Index – Japan
Measures spending in the services sector of the economy. This sector consists of intangible goods such as public utilities, insurance, government, tourism, banking, retail, education, transportation, and social
It can serve as a key indicator for domestic economic activity. Strong spending in the services sector usually translates to higher employment rates and can also be interpreted as a sign of higher consumer
spending in the future.
An uptrend in tertiary industry activity has a positive impact on the nation’s currency especially if more than half of the nation’s workers are employed in the services sector. This implies that tertiary industry
activity can be used as an indicator for current and future employment and consumption levels.
Schedule: 23:50 ( GMT ); 2-3 weeks after the reporting period
Source of Report: Ministry of Economy, Trade and Industry ( METI )
Web Address: http://www.meti.go.jp/english/index.html
Terms of Trade Index – New Zealand
Release Schedule : 22:45 ( GMT ); quarterly, over two months after the reporting period
Source of Report : Statistics New Zealand
Web Address : http://www.stats.govt.nz/default.htm
The currency of Tanzania. Currency code ( TZS )
An order used by currency traders to automatically close their position once a certain profit has been made. Although it halts any further advance in profit, it guarantees a specific profit after a level has been hit.
Taiwan New Dollars
The currency of Taiwan. Currency code ( TWD )
The currency of Tajikistan. Currency code ( TJS )
Tankan Survey – Japan
Release Schedule: 23:50 ( GMT ); quarterly, on the first Monday after the period
Source of Report: Bank of Japan
Web Address: http://www.boj.or.jp/en/index.htm
Technical Analysis is one more system for investors to strategize their trading methods. These analysts examine price data of foreign exchange rates to determine if those prices will continue in the future.
Technical analysis involves the uses of charts as a tool to identify patterns or trends in a currency market.Although technical analysis is akin to fundamental analysis, it focuses on the effects of market
movements, rather than the causes. Investors who use this strategy will look at a currency’s past price to determine what might happen in the future.Technical analysis is not a method for those who prefer to
use intuition as part of their trading strategy.
Term Auction Facility
The program was first instituted on December 17, 2007. These auctions allow their participants to obtain ‘cheaper’ ( vs. the central banks’ determined discount rate ) funding. It is a program implemented by
the US Federal Reserve which was set up to help create liquidity in short term funding markets in light of the recent global financial crash. Funding became scarce during the height of the global recession as
banks scaled down their lending given the subject creditworthiness of the borrowers.Under the program, the Fed, along with other central banks, auctioned off collateralized loans to banks who had sound
financial standing. Through the TAF, financial institution can obtain 28-day and 35-day term loans through periodic auctions. As of now, the TAF remains to be a trial monetary tool.
The currency of Thailand. Currency code ( THB )
Three Black Crows
A bearish reversal pattern consisting of three consecutive black bodies where each candle closes near below the previous low, and opens within the body of the previous candle.
Tokyo Interbank Offered Rate.
Timothy Franz Geithner ( pronounced GUYT-NER ) is the current Secretary of the United States Department of the Treasury under the Obama administration.
Born in in New York in 1961, Geithner has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan. In 1983 he finished a bachelor’s degree in government and Asian
studies in Dartmouth College, then completed a master’s degree in International Economics and East Asian Studies from Johns Hopkins School of Advanced International Studies in 1985.
It’s GUYT-NER, dude
Geithner joined the Department of Treasury in 1988 where he worked for five Secretaries of the Treasury under three administrations. He served as director of the Policy Development and Review Department
at the International Monetary Fund from 2001 until 2003, before he became the Chief Executive Officer and ninth President of the Federal Reserve Bank of New York on November 17, 2003.
As President of the New York Fed, he served as the vice chairman and a permanent member of the Federal Open Market Committee ( FOMC ), where he was criticized for his lack of experience in regulatory
issues. He was also in charge of overseeing and extending credit to banks in New Jersey, New York, and a few in Conneticut.Today, as the 75th Secretary of Treasury, Geithner formulates domestic and
international financial, economic, and tax policies, and even broad fiscal policies that have general significance for the economy. He also manages public debt, and has a hand in manufacturing coins and
The currency of Tonga. Currency code ( TOP )
The currency of Tanzania. Currency code ( TZS )
A quote in which the buy and sell price are given.
Two or more candlesticks with matching tops. They can be composed of real bodies or shadows. These occur on consecutive or nearby candles.
Tuvalu Tuvalu Dollars
The currency of Tuvalu. Currency code ( TVD )
Total value of money of all executed transactions in a given time period.
The currency of Turkey. Currency code ( TRY )
True Strength Index
The True Strength index is a form of technical momentum indicator, similar to the Relative Strength Index that can help traders to identify when conditions of a particular security or currency have been either overbought or oversold.The True Strength Index is usually gained by incorporating the short terms purchasing momentum within the current market at that particular time with the known lagging benefits of the moving averages. Usually an EMA ( Exponential Moving Average ), preferably of twenty five days duration is then applied the difference occurring between the two prices, with a thirteen day EMA then applied to this result. The aim of this being to make the True Strength Index indicator more sensitive to any prevailing conditions in the market, before the data is smoothed.The True Strength Index is designed to an accurate indicator, with no or very little time lag and it is generally considered that an increase in the value shown by the True Strength Index also indicates an increase in the overall momentum of the direction of the price movement shown.
Triple withcing is the when contracts for stock options, stock index futures, and stock index options expire.
This happens once a quarter on the third Friday of March, June, September, and December
A Triple Bottom chart pattern is very similar in presentation to a head and shoulders bottom in that it contains three lows, albeit all occurring at an equal level. Like the head and shoulders bottom, the triple
bottom is also as a reversal pattern.The appearance of the triple bottom indicates the existence of a downtrend, which is currently in the process of transforming into an uptrend and is one of the patterns that
takes the longest to fully develop, with an average formation time of around four months, however, there is a strong train of thought which decrees that the longer a trend takes to develop, the stronger the
significance of the price move once breakout does occur.As the triple bottom is potentially easily confused with other, similar patterns, such as the double bottom, or head and shoulders bottom and because
true triple bottoms are quite a rare occurrence, many experts in the field have been known to advise to wait for signs of a breakout through the confirmation point before assuming that the emerging pattern is a
true triple bottom.Once the trend has been confirmed, a breakout should be accompanied by a burst in volume, although the majority of triple bottoms witness a pullback following breakout that result in a
fallback to the breakout price.
Short for TRaders INdex. A technical analysis indicator calculated by taking the advances-to-declines spread and dividing that by the volume of advances to declines.
A trendline is one of the basic components of most technical analysis patterns. To construct a trendline, simply connect either the high prices or low prices on an asset’s chart. The resulting line is the trendline.
There are two types of trendlines. An uptrend line is formed by connecting the low prices for an asset, where the more recent low price is higher than the previous low price. An uptrend line extends into the
future and can be thought of as a level of support for the asset’s price. A downtrend line is exactly the opposite, and is formed by connecting the high prices for the asset, where the more recent high is lower
than the previous high. A downtrend line can be thought of as a level of resistance for the asset’s price. Only two points are necessary to draw a trend line, but the more points are used in constructing the line,
the more traders tend to consider it as a valid indicator of an asset’s overall trend.Trendlines have a variety of uses in technical analysis, most fundamentally for their ability to predict levels of price support and
resistance. Trendlines are also used as components in a variety of specialized technical analysis charts, including trend channels and wedge patterns.
Treasury International Capital
The Treasury International Capital data is a set of reports that shows all flows of money into and out of the country for stocks and bonds. It is computed by getting the difference in value between foreign
purchases of stocks and bonds and the value of stocks and bonds sold by a country. If the TIC balance is positive, it means that more securities were sold than purchased by the nation.
Another name for the report is Net Foreign Purchases.
Demand for a nation’s securities is directly linked for the demand for that nation’s currency because the purchase of bonds and stocks require investors to buy the domestic currency. For example, foreign
investors must first convert their money into US dollars in order to buy US stocks and bonds.
The TIC flows report usually has a high market impact on its release. Traders generally view a surplus in TIC flows as positive for the domestic currency because large government holdings of a nation’s
currency show confidence in that currency. On the other hand, a deficit tends to be interpreted as bad for the domestic currency because it could mean that not enough money is coming in to fund government
Short-term obligations of a Government issued for periods of one year or less. Treasury bills do not carry a rate of interest, but are issued at a discount on the par value. Treasury bills are repaid at par on the
The exchange rate chance dealing with the time delay between entering a contract and settling it. The greater the time differential, the greater the chances the two exchange rates change.
The cost of buying or selling a financial instrument.
There are many different styles of trading that may be used in Foreign Exchange trading. Forex styles do tend to differ from those utilized with the stock markets but it is still advised that you try out a few before
settling on one as you may well discover that one style or another may be much better suited to your abilities or personality than another.
The best person to consult with regards to the differing trading styles of Forex is your Forex mentor or other foreign exchange( FX ) traders you may be in contact with, as the vast majority of traders will be
more than happy to pass on the tips and tricks they have learned over the years.In addition to this, for those who are choosing to enter into the Forex world from home or via the internet only, there are many
books and courses, both online and in the real world that can enable you to choose the style that works for you.There are also a great many websites specially designed to appeal to the lone Forex trader.
The majority of these contain forums and message boards where experienced currency traders and those new to the game are able to interact and swap advice on successful approaches to trading styles,
as well as offer support and assistance regarding any other questions that may arise.
Types of Trading Styles:
Trade Balance – Japan
Release schedule : 23:50 ( GMT ); monthly, in the second week after the reporting month.
Revisions schedule : Few revisions
Source of report : Ministry of Finance, Customs Office ( Japan )
Web Address : http://www.mof.go.jp
Trade balance measures the ratio of exports to imports for a given country’s economy. If exports are higher than imports ( a trade surplus ), the trade balance will be positive. If imports are higher than exports (
a trade deficit ), the trade balance will be negative.
Knowing the exchange rate is obviously critical for any foreign exchange trader, but information on the net exports in a country can help to predict future trends in inflation and foreign investment, and thus can
give clues to the future behavior of any given currency market.
Trade balance is derived primarily from three factors:
The price of goods in a country
Tax and tariff levies on imported or exported goods
The exchange rate between two currencies.
This last factor is fundamental to foreign exchange trading. Since the trade balance depends so heavily on the current state of exchange rates between two countries, trade balance is a key coincident
indicator for the state of a foreign exchange asset market.
There are a number of measures for trade balance, but one of the chief sources of information on the state of trade in the US is the International Trade report released monthly by the Census Bureau and the
Bureau of Economic Analysis. This report is released around the third week of every month and details the performance of several exported goods and services in various sectors of the economy.