|AUD/USD||22/05/2015 07:56||AUD/USD ST: the bias remains bullish.||0.7919||0.752||-0.0399|
|EUR/JPY||22/05/2015 07:20||EUR/JPY Intraday: rebound expected.||134.596||134.2||-0.3960|
|GBP/JPY||22/05/2015 07:18||GBP/JPY Intraday: the upside prevails.||189.19||188.6||-0.5900|
|EUR/CHF||22/05/2015 07:17||EUR/CHF Intraday: bullish bias above 1.038.||1.0421||1.038||-0.0041|
|EUR/GBP||22/05/2015 07:16||EUR/GBP Intraday: the downside prevails.||0.7111||0.715||0.0039|
|Crude Oil (WTI)||22/05/2015 07:16||Crude Oil (WTI) (N5) Intraday: supported by a rising trend line.||60.58||60.25||-0.3300|
|USD/CAD||22/05/2015 07:14||USD/CAD Intraday: under pressure.||1.2181||1.226||0.0079|
|NZD/USD||22/05/2015 07:12||NZD/USD Intraday: rebound.||0.7387||0.728||-0.0107|
|USD/CHF||22/05/2015 07:10||USD/CHF Intraday: under pressure.||0.9352||0.941||0.0058|
|USD/JPY||22/05/2015 07:09||USD/JPY Intraday: bullish bias above 120.7.||120.774||120.7||-0.0740|
|GBP/USD||22/05/2015 07:07||GBP/USD Intraday: the upside prevails.||1.5672||1.556||-0.0112|
|EUR/USD||22/05/2015 07:06||EUR/USD Intraday: rebound expected.||1.1143||1.106||-0.0083|
|Silver spot||22/05/2015 05:48||Silver spot Intraday: key resistance at 17.3.||17.151||17.3||0.1490|
|Gold spot||22/05/2015 05:38||Gold spot Intraday: key resistance at 1213.75.||1206.91||1213.75||6.8400|
|Crude Oil (NYMEX)||17/03/2015 07:15||Crude Oil (NYMEX) (J5) Intraday: the downside prevails.||43.76||45.5||1.7400|
|Silver||19/12/2013 13:22||SILVER Spot intraday: key ST resistance at 19.9||19.3||19.9||0.6000|
|Gold (spot)||19/12/2013 13:20||GOLD spot intraday: the downside prevails.||1205.4||1245||39.6000|
|Gold||21/11/2013 07:49||Gold Intraday: capped by a negative trend line.||1247.5||1270||22.5000|
The importance of technical analysis is world renowned and admitted by even the staunchest advocated of macro or fundamental analysis. The reason is simple: if enough people believe that a signal based on technical analysis is true and act upon it, at the bare minimum it's a self fulfilling prophecy. In a wider realization of the importance of technical analysis, you can learn that by using it, you can eliminate the biggest enemy to the forex trader: "the gut feeling". Macro and economic analysis involve heavy math, lots of tables and numbers and at the end of the day an educated guess in order to gauge market movements.
Technical Analysis tries to do away with the complexity by basing everything on price action, which already includes all the economic analysis within it. Without running into a book length discourse on technical analysis, start by reading some of the analyses provided in our technical analysis section found here in the FOREXYARD ANALZYZER. It does a good amount of the work for you in analyzing the market technically. By providing a clear explanation as well as a picture of the graph in question, you receive all the detail you need in order to continue on into your trade.
We suggest using our technical analysis tools and charts along with the live trading system to optimize your trading experience. We thoroughly suggest you to read as much as you can about the subject of technical analysis, specifically in the forex market in order to better equip you for the trading day. Expect real time analysis brought straight to the system all throughout the day.
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