Technical Analysis.

Today was purely technical day in currency markets.Let’s go over some news what what are worth to mention. 25 of the 27 EU nations signed the fiscal compact (UK & Czech Republic declined).ECB’s Costa that the LTRO was “very efficient and timely to eliminate risk of abrupt slowdown.Greek PM Papademos says that commitments to the PSI have been “significant” so far. ECB deposits rose EUR776.9 billion today from EUR475.2 billion on Wednesday,previous record high was EUR528.2 billion.Analysts say that surge in deposits isn’t positive or negative and surge doesn’t mean banks aren’t using ECB cash.News from Spain also dampened sentiment Spanish Prime Minister Mariano Rajoy said his government, will prepare a 2012 budget that aims to reduce its deficit to 5.8% of gross domestic product, far in excess of the 4.4% target his predecessor, Jose Luis Rodriguez Zapatero, had committed to. Also according to “IMF sources” IMF contribution will be cut back from the previous 33% stake (Greek loan package 1) to just 10 to 15% what is not good news for Euro. Maybe they are trying to add pressure to Germany who is not willing to raise ESM from 500bn limit.

EUR/USD – During Asian session EUR/USD was supported by EUR/JPY what was supported by reports that Japan beverage maker Asahi was the frontrunner in the bid for east European beer brewer StarBev overnight. And Japanese CPI continued to show deflationary pressures, household spending was much worse than expected but the jobs-applicants ratio at its highest since November ’08. Later in the session support for headline pair evaporated. Asian sovereign tried to support EUR/USD below 1.3300 handle but the pressure was too much and we moved down. We managed to stabilize under 1.3200. Bears are targeting 1.3000. twitpic.com/8r0u9b

Quote:

---

Originally Posted by rahibul

In general, the technical analysis as a method, described to make a prediction about the movement of prices for various currencies in the numerical calculations as the economic data. The people use technical analysis to make as much profit as you can get the financial market, which is very unstable.
Forex Strategy break is an excellent and very popular way of exhibiting the basic movements of the market in its early moments. Too many people fail to understand the general concept of the process.

---

technical analysis is the best analysis that trader can do it is more than the fundamental analysis because the technical analysis try to predict the price using all the reason that change the price.

Quote:

---

Originally Posted by rahibul

In general, the technical analysis as a method, described to make a prediction about the movement of prices for various currencies in the numerical calculations as the economic data. The people use technical analysis to make as much profit as you can get the financial market, which is very unstable.
Forex Strategy break is an excellent and very popular way of exhibiting the basic movements of the market in its early moments. Too many people fail to understand the general concept of the process.

---

Technical analysis is the best way to learn and predict price movements, with the use of indicators can calculate how large range of possibilities that can occur after any fundamental analyst (economics) was released.

As for the break out strategy is one that pupuler trading strategy. if some trader's are wrong in applying it, probably because they do not understand the basic rules of the strategy. Therefore, a trader should have or choose a strategy that suits (comfort) with the style of his/her trading.

Quote:

---

Originally Posted by rahibul

In general, the technical analysis as a method, described to make a prediction about the movement of prices for various currencies in the numerical calculations as the economic data. The people use technical analysis to make as much profit as you can get the financial market, which is very unstable.
Forex Strategy break is an excellent and very popular way of exhibiting the basic movements of the market in its early moments. Too many people fail to understand the general concept of the process.

---

technical analysis is not like fundamental analysis because in fundamental analysis you will need to get some information than predict the price on those information but in technical analysis you have all what you need on the chart.

Technical analysis basically are method to analyze forex market based on the math formula. So technical analysis are about statistic, calculate probability we loss or win in our trading activity. By using technical analysis we have 50% winning ratio in our trading activity, because forex market are just about buy and sell. But by using some method like Support and Resistant also trendline we can increase our winning probaility more than 50%.
Technical analysis have disadvantages, caused this kind of analysis are used previous market data to make a decision when we enty forex market and when we must exit. This make indicator that used by technical analysis are becoming repaint.

seems a nice fit for this strategy might increase my trading account profits. but I have learned a lot longer because it has not quite understand, may be tried first on a demo account

Technical analysis attempts to forecastfuter price movements by examining past market data.
most trader use technical analysis to get a 'big picture' on an investment price history .even fundamental traders will glance at a chart
to see if there buying at a fair price selling at a cyclical top or entering a choppy ,sideways market.

If you are only a day trader or scalper then you should keep the news in front of you, but if you trade on daily chart and you are a long term trader then you can purely depend on technicals.

If you master the technical analysis you may be lazy to find out the fundamentals. but for me a very fundamental role in market price movements. You will be able to see for themselves when new news will appear on market prices will move the rectangular and confusing in technical analyses.

ya live update of technical analysis of each pair is impossible to get from the forum because traders may or may not be free to post the analysis. so better to learn different strategies from the forum rather than the analysis