Technical analysis is based on the assumption that it is possible to look at historical price action and determine probabilities of the potential price movement for currency or other trading instruments.
Currencies are believed to move in cycles, which means that one may try to estimate and predict their future fluctuations. Technical analysis helps to look into the behaviour of currency pairs on the basis of traded value, movement direction, investors’ common interests, and fluctuations history.
Most traders who use technical analysis consolidate the capabilities of several technical tools, such as moving averages, to predict future short-term momentum, but they never fully realize all potential for identifying levels of support and resistance.
In technical analysis, support and resistance levels are needed to identify price points on the chart, which indicate a reversal or pause of a prevailing trend.
It is important to understand there is no magical combination of technical analytics instruments that will unlock a strategy with unchecked gains for traders.
05.10.2022
Gold might start a new correction. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
04.10.2022
We’re discussing the prospects for EURUSD, GBPUSD, USDJPY, Brent, Gold, and the S&P 500 index in October.
04.10.2022
Brent is growing before another correction. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
03.10.2022
EUR may continue the correction. Today’s overview also covers GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
30.09.2022
GBP may continue the correction. Among other assets discussed in the overview are EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
29.09.2022
EUR is about to start a new wave to the downside. Other instruments we’ll mention include GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
28.09.2022
Gold might have the potential for further decline. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
27.09.2022
Brent may start a new ascending structure. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
