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.
20.06.2022
Oil stopped correcting. Also find in the overview the dynamics of the EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
17.06.2022
Euro is correcting. Also in the overview: GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
16.06.2022
The S&P 500 index is preparing to continue a declining wave. Also find in the overview price dynamics of the EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
15.06.2022
The pound continues the downtrend. The overview also feature information about EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
14.06.2022
Euro continues declining wave. Also check out the dynamics of GBP, JPY, CHF, AUD, gold, oil, and the S&P 500 index.
10.06.2022
The S&P 500 index continues trading to the downside. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
09.06.2022
JPY continues moving within the ascending wave. Other instruments we’ll mention include EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
08.06.2022
Brent may continue moving within the ascending tendency. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
