Instruments Time Title Last Pivot Status Changes
GBP/JPY24/04/2014 13:37GBP/JPY Intraday: the bias remains bullish.172.008171.35Down-0.6580
EUR/GBP24/04/2014 13:33EUR/GBP Intraday: the upside prevails.0.82310.8215Down-0.0016
EUR/JPY24/04/2014 13:32EUR/JPY Intraday: rebound.141.629141.15Down-0.4790
USD/CHF24/04/2014 13:31USD/CHF Intraday: key resistance at 0.8845.0.88280.8845Up0.0017
GBP/USD24/04/2014 13:30GBP/USD Intraday: rebound.1.67941.677Down-0.0024
NZD/USD24/04/2014 13:30NZD/USD Intraday: intraday support around 0.855.0.85720.855Down-0.0022
USD/CAD24/04/2014 13:29USD/CAD Intraday: bullish bias above 1.0995.1.10251.0995Down-0.0030
USD/JPY24/04/2014 13:29USD/JPY Intraday: bullish bias above
EUR/CHF24/04/2014 13:29EUR/CHF Intraday: under pressure.1.22031.2225Up0.0022
EUR/USD24/04/2014 13:28EUR/USD Intraday: the bias remains bullish.1.38231.381Down-0.0013
AUD/USD24/04/2014 13:28AUD/USD Intraday: bullish bias above 0.925.0.92720.925Down-0.0022
Gold spot24/04/2014 13:07Gold spot Intraday: under pressure.12731289Up16.0000
Crude Oil (NYMEX)24/04/2014 13:01Crude Oil (NYMEX) (Jun 14) Intraday: the downside prevails.101.6102.4Up0.8000
Silver spot24/04/2014 13:00Silver spot Intraday: under pressure.19.0819.5Up0.4200
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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