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The USD was able to edge higher yesterday and during today’s Asian session supported also by financial releases. Characteristically the…
Read MoreWatch daily commentary and make informed trading decisions
Watch daily commentary and make informed trading decisions
The USD was able to edge higher yesterday and during today’s Asian session supported also by financial releases. Characteristically the…
Read More FED board Governor Bowman stated during her speech yesterday that “inflation progress slows and possibly halts”, implying that the bank…
Read More
US stock markets seem to have moved lower since our last report. In today’s report, we would like to address…
Read More Over in the US, Fed Chair Powell stated yesterday, that “the recent data have clearly not given us greater confidence…
Read More The USD strengthened against its counterparts yesterday, continuing the upward motion of the past six days. We note that the…
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Since our last crypto report, the price of Bitcoin appears to have moved higher since last week with the coin…
Read MoreTechnical analysis is a method used in the evaluation of investments and in the identification of trading opportunities derived from the analysis of statistical trends and patterns forming in the historical price and volume data charts of a trading instrument or asset.
Technical Analysts believe that every relevant market factor is already counted in the instrument’s price. As such, the only thing they need to analyse is the price movement.
Prices are always expected to form and follow trends, even at random. It is more likely for a price to continue a past trend than to move erratically.
Technical Analysts base their predictions on the observation that history tends to move in circles and thus repeat itself. They attribute historic price movement to market psychology based on fear or excitement. By trying to pinpoint these emotions when analysing chart patterns and understanding movement trends, analysts aim at predicting future price movement from market sentiment.
Almost any tradable asset such as currency pairs, commodities, futures, shares and bonds is affected by the forces of supply and demand, something which is reflected in the asset’s price movements. In online trading, there is a multitude of patterns, signals and trading systems that have been developed by experts and researchers to help them predict and trade price movements.
IronFX Daily Technical Analysis
We understand the importance of making informed decisions in online trading and we want our traders to be able to do so.
Therefore, our dedicated research team comprised of expert finance analysts provides daily technical analysis on the hottest instruments and assets for all IronFX clients.
With the proper information, you can plan your forex trading moves with calculated precision which can allow you to formulate solid strategies with the power to minimise your risk exposure and to significantly improve your trading chances.
However, simply keeping yourself updated on trading news and important market events is not enough. To be able to make predictions on future market movements, you will need to learn about Technical Analysis, and how to use it.
Trading professionals and trading veterans use Technical Analysis to predict future price movements, trace support and resistance levels and spot new trading opportunities as they arise. They often use the following types of indicators:
Peter Iosif
Senior Research Analyst
Chartered Accountant (ACA), Member of ICAEW
Mr. Iosif joined IronFX in 2017 as part of the sales force. His high level of competence and expertise enabled him to climb up the company ladder quickly and move to the IronFX Strategy team as a Research Analyst. Mr. Iosif has earned a BSc in Business Management from the University of Macedonia (Greece) and continued to become a fully qualified member of the Institute of Chartered Accountants in England and Wales. Prior to joining IronFX as an Analyst, he was positioned in various positions as auditor, consultant and finance director specializing in fields such as business turnaround strategy, dynamic linear models, cash flow management and negotiations.
IronFX is a trade name of Notesco Limited. Notesco Limited is registered in Bermuda with registration number 51491 and registered address of Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. CIFOI Limited is wholly owned by Notesco Limited.
Note: Services displayed in this website are provided by Notesco Limited and not by any affiliate entity.
Risk Warning:
Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.
IronFX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.
Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
These products may not be suitable for everyone and you should ensure that you understand the risks involved.
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