Instruments Time Title Last Pivot Status Changes
NZD/USD23/10/2014 20:03NZD/USD Intraday: under pressure.0.78230.787Up0.0047
EUR/GBP23/10/2014 20:00EUR/GBP Intraday: the upside prevails.0.7880.7865Down-0.0015
GBP/JPY23/10/2014 20:00GBP/JPY Intraday: rebound.173.53171.75Down-1.7800
USD/JPY23/10/2014 19:56USD/JPY Intraday: the upside prevails.108.23107.35Down-0.8800
USD/CHF23/10/2014 19:55USD/CHF Intraday: the upside prevails.0.9540.951Down-0.0030
EUR/JPY23/10/2014 19:54EUR/JPY Intraday: rebound.136.87136Down-0.8700
AUD/USD23/10/2014 19:52AUD/USD Intraday: intraday support around 0.8745.0.8760.8745Down-0.0015
GBP/USD23/10/2014 19:50GBP/USD Intraday: under pressure.1.60361.608Up0.0044
EUR/USD23/10/2014 19:49EUR/USD Intraday: the downside prevails.1.26471.27Up0.0053
Crude Oil (NYMEX)23/10/2014 17:07Crude Oil (NYMEX) (Z4) Intraday: turning up.81.6880Down-1.6800
USD/CAD23/10/2014 17:03USD/CAD Intraday: key resistance at 1.1295.1.12441.1295Up0.0051
Silver spot23/10/2014 17:03Silver spot Intraday: under pressure.17.12517.5Up0.3750
EUR/CHF23/10/2014 17:02EUR/CHF Intraday: under pressure.1.20661.207Up0.0004
Gold spot23/10/2014 17:01Gold spot Intraday: under pressure.12271246Up19.0000
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.

Disclaimer: Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This and any analysis published or received from FOREXYARD is for informational use. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in the analyses. While we try to ensure that all of the information provided is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. FOREXYARD will not be held responsible for the reliability or accuracy of the information available. The content herein is provided in good faith and believed to be accurate; however, there are no explicit or implicit warranties of accuracy or timeliness made FOREXYARD or its affiliates. The reader agrees not to hold FOREXYARD or any of its affiliates liable for decisions that are based on information from this website. FOREXYARD highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.