technical analysis for forex traders

Daily FX Analysis – Red Sea, Stable EUR, AUD Retreats, USD/JPY Eyes BoJ. Introduction The GBP/USD consolidates above 1.2700 amid modest USD weakness, driven by a positive risk-on environment. Despite a rebound in the pair, rising tensions in the Red Sea pose potential challenges. Meanwhile...

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 06 JUNE Week Brings CPI Reports In The U.S. Asia-Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.11% at 3,231.04. Overall, the Singapore MSCI is down 0.85% at 296.35. Over in Hong Kong, the Hang...

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Though the past movements cannot guarantee the future price movements all the time but the science on forecasting of the price movements by using past data can predict it more accurately most of the time. And this is the basic of technical analysis. It’s a theory to determine present trading...