Pending bulls orders

This indicator includes two lines which reflect the average pending orders for purchase of Buy Limit type and others for buying of Buy Stop type. Both these types show that Forex market traders are ready to enter into long positions for purchasing on this pair.

The average price value of Buy Limit orders shows a nearly support level of the currency pair if the slump of exchange happens during the trades, so it is worth waiting for deceleration of drop in prices, when approaching the middle entry point of Buy Limit orders. The average price value of Buy Stop orders indicates an approximate “breaching” level of the currency pair if the rally happens during the trades. This means that the average level, at which Buy Stop orders are set up, is that one at which bulls are ready to join the ascendant trend.

Both values of average entry points of Buy Limit and Buy Stop orders never reach the current price level, as while the price is moving to one or another side, the part of pending buy orders comes into action which causes the removal of estimating average entry point of Buy Limit and Buy Stop orders. Due to this the mentioned indicator can only be used in terms of analysis how close the average level of Buy Limit or Buy Stop is located against the current price at the present moment.

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Last news and analytics:
Category: Forex News Wire
2013-05-22 16:03:00 GMT+00 10 min. ago
SPOT GOLD TURNS LOWER AFTER FED'S BERNANKE SAYS COULD EASE BOND PURCHASES IF JOB MART IMPROVES ...
Category: Forex Live Analysis
2013-05-22 12:33:00 GMT+00 1 hour, 40 min. ago
Overview From the today's H4 chart, yesterday the metal failed to break the Support level 22.00 to bounce again from it and trade between the Support level 22.00 and the Resistance level 23.00. Currently the metal is re-testing the Resistance ...
By Hossam Soliman Ali
Category: Forex News Wire
2013-05-22 15:49:00 GMT+00 24 min. ago
Federal Reserve Chairman Ben Bernanke on Wednesday downplayed speculation that the central bank is planning to taper its $85 billion monthly bond buying program. The economic recovery remains too fragile to proceed without extraordinary support ...
Category: Forex Live Analysis
2013-05-22 10:02:58 GMT+00 4 hours, 10 min. ago
Technical outlook and chart setups: The metal has retraced and bounced back off 22.00 level yesterday. It was recommended to go long around 22.00 to 21.40/50, and it is still recommended to initiate long positions, towards a measured target of ...
By Harsh Japee
Category: Forex News Wire
2013-05-22 15:45:00 GMT+00 28 min. ago
Federal Reserve Chairman Ben Bernanke on Wednesday downplayed speculation that the central bank is planning to taper its $85 billion monthly bond buying program. The economic recovery remains too fragile to proceed without extraordinary support ...
Category: Forex Live Analysis
2013-05-22 09:59:35 GMT+00 4 hours, 14 min. ago
The weak bullish structure with integrated swings led to the price fall after the upper limit of the movement channel 1.5590-1.5600 had provided a considerable resistance for the pair. The GBP/USD pair broke down important support level 50% ...
By Mohamed Samy
Category: Forex News Wire
2013-05-22 15:39:00 GMT+00 34 min. ago
BERNANKE SAYS FED'S INFLATION RECORD IS AS GOOD AS ANY MAJOR CENTRAL BANK ...
Category: Forex Live Analysis
2013-05-22 09:48:03 GMT+00 4 hours, 25 min. ago
We talked about consolidation of the pair within the price range 1.2950 -1.3240 and the importance of breakout off this zone for the liberation of the pair, now we have a pullback to this zone. EURbears were interrupted at Intraday support ...
By Michael Becker
Category: Forex News Wire
2013-05-22 15:39:00 GMT+00 34 min. ago
U.S. STOCKS SHARPLY PARE GAINS AS FED'S BERNANKE SPEAKS TO CONGRESS ...
Category: Forex Live Analysis
2013-05-22 09:40:49 GMT+00 4 hours, 32 min. ago
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading upwards, just like we expected, final wave 5 (coloured green) of the bigger wave (A) (coloured red) has started to develop. Yesterday, during the Asian and New York ...
By Nicola Delic
Category: Forex News Wire
2013-05-22 15:35:00 GMT+00 38 min. ago
Federal Reserve Chairman Ben Bernanke on Wednesday downplayed speculation that the central bank is planning to taper its $85 billion monthly bond buying program. The economic recovery remains too fragile to proceed without extraordinary support ...
Category: Forex Live Analysis
2013-05-22 08:13:02 GMT+00 6 hours ago
After published yesterday data on the UK inflation the pound dropped 100 points. PPI Input fell 2.3% vs. expectations for -1.2%. Consumer Price Index - Core (y/y) grew 2% vs. estimates for 2.3%. Retail Price Index was 2.9% vs. forecast for ...
By Yuriy Zaycev
Category: Forex News Wire
2013-05-22 15:34:00 GMT+00 39 min. ago
AMMAN - KERRY SAYS SYRIAN GOVERNMENT FORCES HAVE MADE GAINS ON THE GROUND IN RECENT DAYS BUT SAYS HE REGARDS THESE AS "VERY TEMPORARY" ...
Category: Forex Live Analysis
2013-05-22 06:51:15 GMT+00 7 hours, 22 min. ago
Daily chart: The USDX is forming a lower high pattern below the resistance level at 84.22 and above the support level at 83.22. There is the possibility that the USDX will fall to the support level of 83.22, but it can make a bullish rebound there, ...
By Felipe Erazo