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.
23.08.2022
Brent continues forming its ascending wave. EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index are also covered in the overview.
22.08.2022
The S&P 500 Index is expected to continue falling. Today’s overview also covers EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
19.08.2022
Gold is being pressured to decline. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
18.08.2022
The S&P 500 index is forming a new descending structure. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
17.08.2022
Brent is finishing the wave to the downside. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
16.08.2022
GBP may continue forming its descending structure. EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index are also covered in the overview.
15.08.2022
EUR is expected to continue falling. Today’s overview also covers GBP, JPY, CHF, AUD, Gold, Brent, and the S&P 500 Index.
12.08.2022
The S&P 500 index has started a new decline. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
