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Technical analysis Forex

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The review of the pairs EURUSD, GBPUSD, USDJPY on June 19, 2020, on the Forex

Published : 23.06.2020 376 13:37

EURUSD The daily chart: a downward swing tested the 11th figure, closing below the previous session. This preserves the bears' chances to continue pressure, but at any moment a turn up is possible. The reasons are the wide pivot zone 1.1183-1.1240, plus the need to "go" to the proposal area 1.1382 as the part of the O&U pattern development....

The review of the pairs EURUSD, GBPUSD, USDJPY on June 18, 2020, on the Forex

Published : 23.06.2020 296 13:29

EURUSD The daily chart: the bear swing updated the low. However, the bullish inside bar breakdown down turned out to be false. Thus, a corrective upward swing likelihood development remains, which, as we recall, needs to test zones 1.1382 before a full turn down. After all, this is where the entrance to the bearish O&U pattern is located. ...

The review of the pairs EURUSD, GBPUSD, USDJPY on June 17, 2020, on the Forex

Published : 23.06.2020 126 13:12

EURUSD The daily chart: upward swing was not completed, plus the entry into the sales area was not tested as part of the O&U bear pattern (1.1383). Thus, the probability of a price return to this area will remain. Н1: the local structure also has the upward trend signs - the peak is broken in zone 1.1272, and the market is now in a t...

Technical analysis of the Forex market

Technical analysis of the over-the-counter Forex market is aimed at forecasting fluctuations in price values. It is based on static calculations and mathematical techniques. It can be implemented in different ways. A variety of approaches allows you to choose the best method for both a beginner and an experienced trader.

Technical analysis on the over-the-counter Forex market is based on the idea that prices move according to trends that can be recognized and used to predict the future values of a particular instrument. Technical analysis is based on the study of price activity charts using various analysis tools, such as:

  • trend lines;
  • support and resistance levels;
  • moving averages;
  • volume indicators, etc.

You can use technical analysis when trading with any investment instruments - foreign currencies, futures, securities, indices, etc. This section provides information on the basics of technical analysis of the over-the-counter Forex market.