Technical Analysis: Technical analysis is the study of price action and the view that all the availabe information in the marketplace is priced into the market. There are numerous types of technical tools which include trend following indicators, momentum indicators, oscillators and mean reverting indicators. Technical analysis also includes the ability to find support and [...]
AUDUSD Analysis. AUDUSD stays above a uptrend line on 4-hour chart, and remains in uptrend. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.0950 area. However, a clear break below the trend line will indicate that lengthier consolidation of uptrend is underway, then [...]
USDJPY Analysis. USDJPY formed a cycle bottom at 78.46 on 4-hour chart. Range trading between 78.46 and 79.58 is expected in a couple of days. The price action in the range could be treated as consolidation of downtrend from 81.47, as long as 79.58 resistance holds, one more fall to 77.50 area is still possible. [...]
USDCHF Analysis. USDCHF is facing 0.8275 previous low support, a breakdown below this level will indicate that the longer term downtrend from 0.9774 has resumed, then further fall towards 0.8000 could be seen. Initial resistance is at 0.8400, above this level will indicate that lengthier consolidation of the downtrend is underway, and delay the resumption [...]
Many traders and investors use technical indicators to support their analysis. One of the most popular and reliable also happens to be an indicator that has been around for years and years — moving averages. A moving average is simply the average value of data over a specific time period. Analysts use it to figure [...]