Technical analysis

Technical analysis

Technical analysis (TA) is a method of predicting future performance of assets (in our case, currencies) on the basis of their historical performance. In contrast to fundamental analysis which is regarding the “value” of the asset, technical analysis is only interested in price, volume and other market information. Some traders use technical or fundamental analysis exclusively, while others combine them to make trading decisions.

TA is based on an assumption that price reflects all relevant information, so they look on the history of trade rather than on economic and financial data. According to TA, traders collectively tend toward patterned behavior. Chartists face on recognizable trends and patterns because price actions tend to repeat. Technical analysts use special indicators and tools in order to predict prices.


You may analyze any trading period (timeframe) of the following: month, week, day, 4 hours, 1 hour, 30 minutes, 15 minutes, 10 minutes, 5 minutes, 1 minute. Choice of the timeframe depends on the scope of your analysis.

Types of charts:

  • Bar charts
  • Candlesticks
  • Line charts

In this section, you may find the most useful and comprehensible information about the TA tools: candlesticks, patterns, indicators and tools. Understanding of the logics and instruments of TA can give you a lot of benefits on the market. 


America will probe German and Japanese car makers over alleged patent violations

America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…

Gold edges down toward 3-week minimum after Congress hits spending deal

On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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