|Crude Oil (NYMEX)||01/08/2014 02:13||Crude Oil (NYMEX) (U4) Intraday: under pressure.||97.92||99.75||1.8300|
|Silver spot||01/08/2014 02:10||Silver spot Intraday: under pressure.||20.362||20.74||0.3780|
|EUR/GBP||01/08/2014 01:35||EUR/GBP Intraday: the bias remains bullish.||0.7927||0.79||-0.0027|
|GBP/JPY||01/08/2014 01:33||GBP/JPY Intraday: under pressure.||173.59||174||0.4100|
|EUR/CHF||01/08/2014 01:30||EUR/CHF Intraday: further upside.||1.2166||1.2155||-0.0011|
|USD/CAD||01/08/2014 01:26||USD/CAD Intraday: intraday support around 1.0875.||1.0903||1.0875||-0.0028|
|NZD/USD||01/08/2014 01:24||NZD/USD Intraday: key resistance at 0.852.||0.8503||0.852||0.0017|
|AUD/USD||01/08/2014 01:23||AUD/USD Intraday: key resistance at 0.933.||0.9301||0.933||0.0029|
|USD/CHF||01/08/2014 01:21||USD/CHF Intraday: the bias remains bullish.||0.9087||0.9075||-0.0012|
|USD/JPY||01/08/2014 01:19||USD/JPY Intraday: the upside prevails.||102.8||102.55||-0.2500|
|GBP/USD||01/08/2014 01:17||GBP/USD Intraday: under pressure.||1.6886||1.6925||0.0039|
|EUR/USD||01/08/2014 01:15||EUR/USD Intraday: key resistance at 1.3405.||1.3387||1.3405||0.0018|
|Gold spot||01/08/2014 01:07||Gold spot Intraday: under pressure.||1282||1297.5||15.5000|
|EUR/JPY||01/08/2014 01:04||EUR/JPY Intraday: the upside prevails.||137.65||137.35||-0.3000|
|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.
HIGH RISK INVESTMENT WARNING: Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Please click here to read full risk warning.Forexyard.com is a trading name of Safecap Investments Ltd, a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. 092/08. Safecap Investments Ltd Is located at Treppides Tower, 6th Floor Kafkasou 9, Aglantzia P.O.Box 26522 CY2112, Nicosia, Cyprus.