Thank you for your compliment. For this estimate price movements will arrive at what price? and is it the same way your analysis to the analysis I use this?? is there a high impact news today?
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Technical analysis is not the use of news.in technical analysis past movement are considered to define the future trend.trading with technical analysis can always give you the best direction of the market rather that trading based on a gambling.
EURUSD Signals for September 24; 2012.
Sell below the second weekly resistance at 1.3171
Take profit-1: 1.3100
Take profit-2: 13065
Stop loss above 1.3203.
Buy at 1.2727 with targets towards the weekly pivot point at 1.3030.
Chart speaks! but who hears their voice? the answer is only a good technical anlayst. So technical analysis is an art of reading chart and predicting future movement with their help. We get know the range market is trading in, support and resistance, and there are some patterns which usually pre-indicate the market direction thus helping us make good profits from forex traidng.
What we will know by technical analysis?Is technical analysis is much important for a business?we really want to know that.Please tell us.
The EUR/USD's subsequent sharp fall suggests that decline from 1.4430 and close at 1.4189. On the downside this week should break level of 1.4100 as a major Support.
Therefore, EUR/USD should be resuming the set of impulsive fall to 1.4040 as first target and continue towards 1.3980.
The best location for placing stop loss, if break in 1.4252 and close up the moving average (200).
that's the best thread at this section i think, technical analysis is a kind of science that must every trader who depend on it or not to concern about it and waiting for it signals,However some people say that science is not accure but it still called a science that we cannot missed.