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.
15.08.2023
Brent could extend the wave of growth. The overview also touches upon the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
14.08.2023
Gold might continue a wave of decline. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
11.08.2023
GBP has begun another wave of decline. The overview also explains the dynamics of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
10.08.2023
The S&P 500 index could continue to decline. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
09.08.2023
GBP is correcting before a new decline. The overview also provides an analysis of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
08.08.2023
Gold continues a wave of decline. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
07.08.2023
EUR starts a wave of decline. The overview also describes the dynamics of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
04.08.2023
Gold is consolidating before a correction. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Brent and the S&P 500 index.
