Technical Analysis
This analysis is useful everytime it is needed to forecast the future prices of an underlying asset based on the past patterns and trends.
Bullish & bearish engulfing pattern
A chart pattern that signals higher/ lower prices to come.
Bullish & bearish divergence signal
Prices rally to a new high/ fall to a new low while an oscillator fails to reach a new low/ peak.
The false breakout
A price moves for a short time above or below a resistance level, and after it comes back to the same direction when it started.
How can technical analysis help you?
While making a choice
If a trader wants to open a trade on a currency pair, he cannot do so and succeed without checking on the price charts. He needs to know if he should go short or long.
Autochartist
Informed decisions are crucial to have successful trades. Autochartist is a free online service which analyses the prices automatically and suggests the most likely winning trend.
Future price direction
Future price direction will help traders to determine the kind of position they would open. As accurate the prediction would be, as higher are the changes to get profits from the invested capital.
Final results (profits)
When the price keeps going up and the trader is still in the money, technical analysis has already done a good job.
FINANCIAL ANALYSIS
- Economic Calendar
There is a list of financial events, which are already programmed to happen during the year. They are made public on an economic calendar which is available anytime. These events take place each day, so take them into consideration before making your decisions.
- Autochartist
This tool automatically finds price levels and chart patterns to define the price direction which is most likely to happen. It is available as a plug-in for webtrader and it has an 80% forecast accuracy. It will provide 400k trading signals per month.
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