Assessing the Utility of ADX Indicator in Foreign Exchange Markets

People can resort to many different technical indicators in order to trade the foreign exchange markets profitably. Some make use of the highly popular forex indicators like Moving Averages, Moving Average Convergence/Divergence (MACD), Fibonacci Series, Stochastics, and Parabolic SAR while others like to use a bit less popular, but useful ones like Average Directional Index or ADX indicator, Bollinger Bands, etc. In this article, we’ll particularly shed light on the ADX forex

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