Thread: Technical analysis.

Technical analysis involves the study of prices and volume of a currency pair, commodity or stock as well as indices. Technical analysis also consists of different indicators based on the price and volume information that generate buy and sell signals in the market. ECNCAPITAL provides signals and technical analysis charts and patterns which are reliable and useful their clients to make their trades profitable all the time. This is the best broker in market.

There are two types of analysis. One is technical analysis and another remains fundamental analysis. Among them majority of traders prefer more technical analysis. It is likely to a good form of trading. Technical analyzers of Forex are getting more profit day by day. Technical analysis works better on market. Trade12 offers the best trading platform which is really very smooth as a result I can analyze smoothly on that platform. There are more than 250 technical tools in their platform.

David Daniel, if you are done with your dreamy bubble than go to Baby Pips and please take proper course to know about technical analysis, it’s painful reading your comments and is just making Forex look a lot harder than how it actually is. I am grateful to my broker OctaFX who have helped me learn well especially through their detail educational setup while have excellent overall structure including demo contest as well, it’s all extremely good way for anyone to get into scheme of things.

[COLOR=#555555 !important]USDCHF Technical Analysis for 8th May 2017

Summary :
Target Level : 0.985
Target Period : 4 hours
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[COLOR=#555555 !important]Analysis :
Possible bearish price movement towards the support 0.9850 within the next 4 hours.[/COLOR]

NZDUSD Technical Analysis For 8th May 2017

Summary :
Target Level : 0.6836
Target Period : 23 hours

Analysis :
Falling Wedge identified at 05-May-05:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.6836 within the next 23 hours.

GBPJPY Technical Analysis For 8th May 2017

Summary :
Target Level : 144.63
Target Period : 13 hours

Analysis :
Approaching Support level of 144.6300 identified at 05-May-04:00 2017 GMT

EURCAD Technical Analysis For 8th May 2017

Summary :
Target Level : 1.5002
Target Period : 2 days

Analysis :
Channel Up identified at 04-May-00:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.5002 within the next 2 days.

GBPNZD Technical Analysis For 8th May 2017

Summary :
Target Level : 1.8876
Target Period : 21 hours

Analysis :
Channel Up identified at 05-May-05:30 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.8876 within the next 21 hours.