Technical Analysis

Technical analysis is a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume. Unlike fundamental analysts who attempt to evaluate a security's intrinsic value, technical analysts focus on charts of price movement and various analytical tools to evaluate a security's strength or weakness and forecast future price changes.

Over the years, numerous technical indicators have been developed by analysts in attempts to accurately forecast future price movements. Some indicators are focused primarily on identifying the current market trend, including support and resistance areas, while others are focused on determining the strength of a trend and the likelihood of its continuation. Commonly used technical indicators include trendlines, moving averages and momentum indicators such as the moving average convergence divergence (MACD) indicator.
theforexarmy theforexarmy PRO USDCAD, 60, Short ,
USDCAD: USDCAD on major resistance, prepare to sell
160 0 8
USDCAD, 60 Short
USDCAD on major resistance, prepare to sell

Sell below 1.3528. Stop loss at 1.3565. Take profit at 1.3361. Reason for the trading strategy (technically): Price is now testing major resistance at 1.3528 (Fibonacci extension, horizontal resistance, bearish divergence) where we expect a drop from to at least 1.3361 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major ...

theforexarmy theforexarmy PRO XAUUSD, 60, Long ,
XAUUSD: XAUUSD right on major support, remain bullish
190 0 7
XAUUSD, 60 Long
XAUUSD right on major support, remain bullish

Buy above 1273.10. Stop loss at 1259.95. Take profit at 1295.28. Reason for the trading strategy (technically): Price gapped down this morning and is testing our major support at 1273.10 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) where we expect to see a bounce above this level to at least 1295.28 resistance ...

SvetInvesticij SvetInvesticij EURUSD, D,
EURUSD: EURUSD Weekend Gap Challenges Twelve-Month Trend Line
59 0 10
EURUSD, D
EURUSD Weekend Gap Challenges Twelve-Month Trend Line

Over the weekend we looked at where the EURUSD might find buying and selling pressure in the week ahead. However, our scope was limited as the result of the French elections – which would no doubt impact currencies – had not yet come to pass. Now that markets have had some time to digest the outcome let’s revisit the single currency. One thing I mentioned on ...

theforexarmy theforexarmy PRO AUDNZD, 60, Long ,
AUDNZD: AUDNZD profit target reached, prepare to buy again
69 0 7
AUDNZD, 60 Long
AUDNZD profit target reached, prepare to buy again

Buy above 1.0720. Stop loss at 1.0677. Take profit at 1.0748. Reason for the trading strategy (technically): Price has reached our profit target and dropped from there. We now prepare to buy above 1.0720 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.0784 resistance (Fibonacci retracement, horizontal pullback resistance, ...

lucian.moldovan.1420 lucian.moldovan.1420 EURUSD, 240,
EURUSD: EUR/USD technical analysis
45 0 7
EURUSD, 240
EUR/USD technical analysis

This last gap that can be seen on the chart was caused by Sunday's French election.If the gap is not filled quickly this week we can seen 1.1 soon , otherwise price can test 1.07 weekly resistance. At a larger scale we can see that pair is moving in an uptrend potential channel.

ahgillani ahgillani PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD 4H TECHNICAL ANALYSIS
33 0 6
GBPUSD, 240 Short
GBPUSD 4H TECHNICAL ANALYSIS

We take short position below the red triangle and book profit at 1.24000. Do not open a trade if the closes above the red triangle. Get out of trade if it breaks 1.291000

theforexarmy theforexarmy PRO EURUSD, 60, Short ,
EURUSD: EURUSD testing major resistance, time to sell
122 0 3
EURUSD, 60 Short
EURUSD testing major resistance, time to sell

Sell below 1.0905. Stop loss at 1.0934. Take profit at 1.0776. Reason for the trading strategy (technically): Price has gapped up this morning and is now testing major resistance at 1.0905 (Fibonacci extension, horizontal swing high resistance, bearish divergence). We expect price to drop from this level to at least 1.0776 support (Fibonacci retracement, ...

ahgillani ahgillani PRO USDCAD, 60, Short ,
USDCAD: USDCAD 1H TECHNICAL ANALYSIS
36 0 5
USDCAD, 60 Short
USDCAD 1H TECHNICAL ANALYSIS

We sell this pair at 1.50000 and book profit at 1.34100

ahgillani ahgillani PRO USDCHF, 240, Short ,
USDCHF: USDCHF 4H TECHNICAL ANALYSIS
17 0 5
USDCHF, 240 Short
USDCHF 4H TECHNICAL ANALYSIS

We sell this pair at current level and book TP1 @ 0.9820 and 0.9600 long term

Ulf53 Ulf53 LSTYF, D, Long ,
LSTYF: Lifestyle Delivery Systems (medical cannabis sector) ripe !
2 0 4
LSTYF, D Long
Lifestyle Delivery Systems (medical cannabis sector) ripe !

Dear fellow traders, it is time to act with a big BUY on Lifestyle Delivery Systems (LDSYF). LIFESTYLE DELIVERY SYSTEMS (Cannabis sector) Potential; Massive (starting from this spring). Read Future Money Trends article on the Company,Equity trading for millenials and madmen, Seeking Alpha and the webpage for LDSYF. Cathalyst now; resent interwiew with CEO, good ...

theforexarmy theforexarmy PRO AUDJPY, 60, Short ,
AUDJPY: AUDJPY profit target reached perfectly, time to sell
38 0 3
AUDJPY, 60 Short
AUDJPY profit target reached perfectly, time to sell

Sell below 83.92. Stop loss at 84.51. Take profit at 82.43. Reason for the trading strategy (technically): Price has gapped up and reached our profit target perfectly this morning. We prepare to sell below 83.92 resistance (Fibonacci retracement, horizontal resistance, bearish divergence) for price to drop down towards 82.43 (Fibonacci retracement, horizontal ...

LiteForex_Official LiteForex_Official USDCHF, 240,
USDCHF: USD/CHF: technical analysis
24 0 2
USDCHF, 240
USD/CHF: technical analysis

USD/CHF, D1 On the daily chart, the pair is correcting up from the lower line of Bollinger Bands. The price remains just below its moving averages that are horizontal. The RSI is falling towards the border of the oversold zone. The Composite is testing its last month support. USD/CHF, H4 On the 4-hour chart, the pair is trading on the lower line of Bollinger ...

SvetInvesticij SvetInvesticij EURCAD, D,
EURCAD: EURCAD New Shorting Opportunity?
36 0 6
EURCAD, D
EURCAD New Shorting Opportunity?

The EURCAD has produced some nice swings for us in recent weeks. First came the 500 pip drop that commenced with a retest of former trend line support from the December 2015 low. I ended up shorting the pair a few weeks ago based on the ascending channel that had developed on the 1-hour chart. The bullish engulfing day on April 13th prompted me to book profits ...

IgnatBorisenko IgnatBorisenko PRO CL1!, 180,
CL1!: CRUDE OIL - zigzag
379 1 18
CL1!, 180
CRUDE OIL - zigzag

Wave (v) of is likely going to be continued in a form of a zigzag

IgnatBorisenko IgnatBorisenko PRO GOLD, 120,
GOLD: GOLD - bullish impulse
568 0 22
GOLD, 120
GOLD - bullish impulse

There's a possible extension in wave iii of (iii), so we could have wave {5} soon

IgnatBorisenko IgnatBorisenko PRO USDNOK, 240,
USDNOK: USDNOK - third wave
132 0 17
USDNOK, 240
USDNOK - third wave

Wave (iii) of {iii} is going to be continued

AhmedMesbah AhmedMesbah PRO EURGBP, D, Long ,
EURGBP: EUR/GBP [1DC] Long Setup.Regardless of the French Elections POV.
51 0 6
EURGBP, D Long
EUR/GBP [1DC] Long Setup.Regardless of the French Elections POV.

OANDA:EURGBP Beware that this setup is just a pure technical analysis regardless of the outcome of the french elections.

TomHall TomHall TOP GBPUSD, 240, Long ,
GBPUSD: GBP.USD - Buy Stop Order
2811 16 99
GBPUSD, 240 Long
GBP.USD - Buy Stop Order

The GBP.USD is one pair on this evening's pending order list. I will run through the technical analysis on the 4hr and 1hr TF post London open.

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