Market worries for the US Macroeconomic outlook seem to persist as the USD tended to edge lower against its counterparts…
Read MoreWatch daily commentary and make informed trading decisions
Market worries for the US Macroeconomic outlook seem to persist as the USD tended to edge lower against its counterparts…
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The US Senate has voted and passed the bill required to end the ongoing US government shutdown. The vote passed…
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In the US some Democrats in the Senate seem to have come to an agreement with the Republicans, which in…
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In the absence of high impact financial releases from the US, fundamentals continue to lead the markets. Nevertheless financial releases…
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The USD seems to be staging a rebound after yesterday’s losses, yet remains quite fragile. Under normal circumstances, the market’s…
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The BoE’s interest rate decision is set to occur during the European trading session. The majority of market participants currently…
Read MoreTechnical analysis is a method used in the evaluation of investments and in the identification of trading opportunities derived from the analysis of statistical trends and patterns forming in the historical price and volume data charts of a trading instrument or asset.
Technical Analysts believe that every relevant market factor is already counted in the instrument’s price. As such, the only thing they need to analyse is the price movement.
Prices are always expected to form and follow trends, even at random. It is more likely for a price to continue a past trend than to move erratically.
Technical Analysts base their predictions on the observation that history tends to move in circles and thus repeat itself. They attribute historic price movement to market psychology based on fear or excitement. By trying to pinpoint these emotions when analysing chart patterns and understanding movement trends, analysts aim at predicting future price movement from market sentiment.
Almost any tradable asset such as currency pairs, commodities, futures, shares and bonds is affected by the forces of supply and demand, something which is reflected in the asset’s price movements. In online trading, there is a multitude of patterns, signals and trading systems that have been developed by experts and researchers to help them predict and trade price movements.
IronFX Daily Technical Analysis
We understand the importance of making informed decisions in online trading and we want our traders to be able to do so.
Therefore, our dedicated research team comprised of expert finance analysts provides daily technical analysis on the hottest instruments and assets for all IronFX clients.
With the proper information, you can plan your forex trading moves with calculated precision which can allow you to formulate solid strategies with the power to minimise your risk exposure and to significantly improve your trading chances.
However, simply keeping yourself updated on trading news and important market events is not enough. To be able to make predictions on future market movements, you will need to learn about Technical Analysis, and how to use it.
Trading professionals and trading veterans use Technical Analysis to predict future price movements, trace support and resistance levels and spot new trading opportunities as they arise. They often use the following types of indicators:
Peter Iosif
Senior Research Analyst
Chartered Accountant (ACA), Member of ICAEW
Mr. Iosif joined IronFX in 2017 as part of the sales force. His high level of competence and expertise enabled him to climb up the company ladder quickly and move to the IronFX Strategy team as a Research Analyst. Mr. Iosif has earned a BSc in Business Management from the University of Macedonia (Greece) and continued to become a fully qualified member of the Institute of Chartered Accountants in England and Wales. Prior to joining IronFX as an Analyst, he was positioned in various positions as auditor, consultant and finance director specializing in fields such as business turnaround strategy, dynamic linear models, cash flow management and negotiations.
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