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.
18.05.2022
Brent is starting a new correction. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
17.05.2022
The S&P 500 index is consolidating in anticipation of a new decline. EUR, GBP, JPY, CHF, AUD, Brent, and Gold are also covered in the overview.
16.05.2022
EUR has the potential for a new descending wave. Today’s overview also covers GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 Index.
13.05.2022
Brent continues trading to update the highs. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
12.05.2022
The S&P 500 index continues climbing down. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
11.05.2022
Brent has started a new wave to the upside. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
06.05.2022
The S&P 500 index may form the third descending wave. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
05.05.2022
Gold continues trading upwards. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
