Instruments Time Title Last Pivot Status Changes
EUR/CHF01/09/2014 07:31EUR/CHF Intraday: the downside prevails.1.20661.208Up0.0014
USD/CAD01/09/2014 07:25USD/CAD Intraday: caution.1.0871.088Up0.0010
NZD/USD01/09/2014 07:24NZD/USD Intraday: consolidation in place.0.83750.8405Up0.0030
AUD/USD01/09/2014 07:22AUD/USD Intraday: consolidation in place.0.93410.9365Up0.0024
Crude Oil (NYMEX)01/09/2014 07:17Crude Oil (NYMEX) (V4) Intraday: further upside.95.7894.7Down-1.0800
GBP/JPY01/09/2014 07:15GBP/JPY Intraday: the upside prevails.172.941172.3Down-0.6410
EUR/GBP01/09/2014 07:14EUR/GBP Intraday: the downside prevails.0.79070.793Up0.0023
Silver spot01/09/2014 07:13Silver spot Intraday: under pressure.19.47719.7Up0.2230
Gold spot01/09/2014 07:12Gold spot Intraday: key resistance at 1291.12871291Up4.0000
EUR/JPY01/09/2014 07:12EUR/JPY Intraday: bullish bias above 136.55.136.749136.55Down-0.1990
USD/CHF01/09/2014 07:11USD/CHF Intraday: the upside prevails.0.91920.916Down-0.0032
USD/JPY01/09/2014 07:08USD/JPY Intraday: the upside prevails.104.176103.8Down-0.3760
GBP/USD01/09/2014 07:08GBP/USD Intraday: the bias remains bullish.1.66011.656Down-0.0041
EUR/USD01/09/2014 07:06EUR/USD Intraday: under pressure.1.31251.3165Up0.0040
Silver19/12/2013 13:22SILVER Spot intraday: key ST resistance at 19.919.319.9Up0.6000
Gold (spot)19/12/2013 13:20GOLD spot intraday: the downside prevails.1205.41245Up39.6000
Gold21/11/2013 07:49Gold Intraday: capped by a negative trend line.1247.51270Up22.5000
08/06/2010 71.5673.5Up1.9400

Technical Analysis in the Forex Market

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

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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