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.
27.05.2022
EUR continues trading to the upside. Among other assets discussed in the overview are GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
26.05.2022
Gold is finishing the correction. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
25.05.2022
EUR is forming another impulse to the upside. We’ll also talk about GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
24.05.2022
Gold may continue trading upwards. EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index are also covered in the overview.
23.05.2022
Brent continues trading upwards. Today’s overview also covers EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 Index.
20.05.2022
Brent is forming a wave to the upside. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
19.05.2022
NZDUSD is testing the bearish channel’s upside border; XAUUSD is rebounding from Tenkan-Sen and Kijun-Sen, while EURGBP is correcting within the bearish pattern.
19.05.2022
Gold may continue the uptrend. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
