Technical analysis on Forex over-the-counter market is a combination of different approaches and methods based on statistics and they allow client to predict fluctuations in market price indices. It might seem that without a strong mathematical backgrounds technical analysis might be difficult and out of understanding; this is partly true, however, thanks to a number of various approaches of technical analysis of Forex OTC market, even a beginner can learn some simple but highly recommended techniques (for example, widely known graphical analysis). In this section you will find information about the basics of technical analysis, as well as you will find news on the latest approaches and techniques developed by leading financial experts
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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...