ADX stands for Average Directional Movement Index, an oscillator driven by a mathematical derivation used in technical analysis to assess the strength of a price trend in a financial security.
Investors with short-term timeframes often use technical analysis to evaluate price movement and identify trends. Fundamental analysis may not be particularly useful for traders looking to pop in and ...
NZDJPY traded in a narrow range between 86.43 and 87.45 for the past three days.As long as resistance at 87.50holds, the ...
This economic measure has an uncanny ability to forecast the directional movement in stocks. A handful of economic indicators suggest Wall Street isn't out of the woods. Patience has proved to be the ...
BNB Coin price has entered a powerful phase after breaking through a major resistance level and setting new highs. Analyst ...
If you want to add a useful trend technical indicator to your trades, average directional index (ADX) is a great place to start. This article explains how to use the ADX to improve your trading ...