Forex Trading Analysis
In EArobot Forex analysis is the study of determining whether to buy, sell, or wait on trading a currency pair. Currencies trade in pairs, with the exchange rates based on the price of one currency relative to the other.
EArobot Advisor Forex Technical
“Forex technical analysis is a method of predicting price movements and future market trends by studying charts of past market action, which take into account price of instruments, volume of trading, and, where applicable, open interest in the instruments.” Technical analysis is a much more scientific and objective method of analyzing the market. Before we get into the details of technical analysis, we should say that the basic and most elementary principle upon which all technical analysis is based is the sentence “The trend is your friend”. Technical analysts do not dispute that there are forces that drive the Forex market, they just add another factor that fundamental analysts do not hold by. Technical analysis is based on the concept that what was yesterday paints a clear picture of what will be tomorrow. Technical analysts will not have the news open while they trade, instead, they will pay close attention to the daily, weekly, and monthly charts. If there is a pattern to be found in the charts, technical analysts will find it.
EArobot Forex chart patterns
Traders in forex markets can use many of the same western technical analysis trend indicator techniques as other markets, including patterns like wedges, triangles, channels, double tops and bottoms and head and shoulders. Quantitative and combination techniques like moving averages, Bollinger Bands and Fibonacci retracements are also popular, along with analysis of oscillators and momentum indicators like iHDVi ,MACD, RSI and stochastic. Wedge patterns and Bollinger Bands are examples of two of the most popular technical analysis methods.
Wedge patterns generally give an indication that a trend reversal may be imminent, so if the price is showing a downward trend within the wedge, one might assume that the trend may change to an uptrend when the price breaks through the top of the pattern. Wedge patterns can be bullish or bearish, depending on the current trend shown within the wedge, and they are generally longer term patterns (three to six months).
In EArobot Advisor , Only those with the right setup and tools are successful, Indicators help you to trade with more accuracy!
This indicator is been tested and validated by many top traders with a success rate of more than 75% Indicator features: - Perfect for both professionals and beginners - Able check winning trades in history. - Supper simple and quick. - Can be used for all pairs - More than 75% win rate. - Sound alerts and no expiry date.