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.
20.06.2023
GBP might continue the corrective decline. The overview also covers the dynamics of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
19.06.2023
EURUSD is consolidating before it begins a corrective decline. The overview also covers the dynamics of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
16.06.2023
Brent might extend the wave of growth. The overview will also cover the moves of EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
15.06.2023
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.
14.06.2023
EUR might continue a wave of decline. The overview also deals with the dynamics of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
13.06.2023
GBP might continue growing. The overview also describes the dynamics of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
09.06.2023
AUD could start a wave of decline. The overview also analyses EUR, GBP, JPY, CHF, Brent, Gold, and the S&P 500 index.
08.06.2023
Brent continues a wave of growth. Also in the overview: EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
