Technical Analysis.

[mianshabbir]

Technical analysis is an investment approach, with a focus on price patterns to make investment decisions, as opposed to fundamental analysis. What, then, is pattern analysis? Pattern analysis is the interpretation of charts and the interpretation of patterns from those charts. This will be discussed in this article about a basic introduction to pattern analysis in technical analysis. Chart reading and concomitant pattern analyses are not simply mere memorisation of patterns and recalling of their interpretations. It is not that simple and there is more to pattern analysis than that. Any chart is a combination of differing diverse patterns and, hence, an accurate evaluation relies on chart reading skills and techniques, consistent pattern study of charts, experience in technical analysis, and personal knowledge both technical and fundamental analysis-wise, and the ability to evaluate differing and sometimes opposing indicators, to analyse and evaluate patterns in view of diverse, composite, and sometimes differing details as well as recognising patterns in charts using, in some cases, fixed and memorized formulae.

[mianshabbir]

The debate between fundamental analysis and technical analysis has been going on for decades. Analysts on both camps argue endlessly about the sovereignty of each method and why one is better than the other and why one can be used in isolation of the other. I am here to tell you once and for all that Fundamental Analysis and Technical Analysis are really the SAME THING!

[Andra TL]

I'm sure right now most traders prefer to use both technical and fundamental analysis but me right now I just prefer to use technical analysis. Its better to plot than to think how the market will going to react base on this news and so on. For me fundamental analysis is more accurate but same time technical analysis is also better. I'm happy and earning good amount of money.

[mianshabbir]

What is Currency Technical Analysis?

It is simply defined as the study of price action through the use of charts - for the purpose of identifying price trends. It's not a science, as many chartists claim - it's an art, and it works! Why? Because technical analysis reflects human psychology. What about the supply and demand fundamentals, you may ask - well it takes them into account too.

Currency technical analysis uses the following equation:

Market Perception (trader psychology) + Fundamentals = Price Action

All currency technical analysis does, is postulate that all fundamentals are quickly reflected in price action (and in the 21st century with our advanced communications this is truer than ever) - so it simply concentrates on price action. It really is that simple!

Price action reflects all the fundamentals, and more importantly, how the participants perceive them

[Andra TL]

you see in other to be at the wining side of the forex market we just have to learn how to be at the positive side of the forex market so i will always advise newbies to take time to analysis on the technical analysis because with technical analysis we can be at the winning side of the market

[shahid1]

Technical Analysis pay the vital role in the Forex trading. Senior traders always adopt this strategy and earn the profit. Technical analysis are very use ful in the Forex trading. Every one can earn the profit if they follow the technical analysis.

[yoddutfx]

in technical analysis I noticed EUR JPY is being dropped, after I look at the weekly that the price is up to the area of ​​supply / resistance ...



for more details you can see in my picture below,, price has been tested in weekly supply area ..

[Ethan Mark]

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.

[WonderWoman]

very well determined by the realizing i must say i think we can always create the most effective income out of the currency markets most all of us have to perform should be to create proper using each of our Specialized Evaluation as well as we can always create the most effective income out of the industry

[Avenger]

Consequently, the cost activity will be stuck between 1.4140 and 1.4417 (Fibonacci Retracement levels). Moreover With 1.4140 a significant Assistance, there, the industry will indicates a Favorable chance on stage of 1.4200/1.4140, with a first focus on at Rotate Factor (1.4281), then if crack 1.4300 will be a big above this stage with a second focus on at 1.4400. However, the best place for putting a stop-loss should be below 1.4100.

---------- Post added 03-01-2013 at 12:10 AM ---------- Previous post was 02-28-2013 at 11:55 PM ----------

The GBP/USD has rebounded from a minimal Assistance at 1.6047, and it is now nearing its Assistance, it will probably begin benefit activity at this place and restoration again. Therefore it will a excellent indication to Buy at this identify with a first focus on of 1.6120, and proceed towards 1.6200. On other side if a crack in 1.6000 will be a excellent place for putting stop-loss below 1.5992 (Support 1).