Market Forecast

Technical analysis is an integral part of trading. It can be hard for novice traders to spot chart patterns and determine next tendencies in the market and act on them accordingly, yet it's a must learn, if you want to succeed in trading.

Dow only took in consideration closing prices. Averages had to close higher than a previous peak or lower than a previous trough to be significant. Intraday penetrations did not count.

Traders often use chart patterns when conducting technical analysis. The behavior of the Forex market shows patterns, and since chart patterns usually appear during trend reversals or when trends begin to form, traders often follow them when trading. To strengthen your trading knowledge, you can read our other article about "What is Forex trading and how does it work".

Technical indicators are inseparable part of technical analysis. They aim to predict future market movements and help a trader to be oriented in the market. There is a very large range of indicators which are used by the traders for forecasting the market. Some people prefer an indicator which is proved to work in the past; others try to experience new ones to reach success. Examples of such technical...

Applied to the currency market, fundamental analysis studies international economic, financial and political factors, their correlation and influence on the behavior of exchange rates. By this way, it sees what is absent in graphics. Technical and fundamental analysis is the market statistics. The main difference between fundamental analysis of Forex and technical analysis is that the fundamental analysis...

Exchange rates shape the cost of everything from international trade to foreign travel, yet most people rarely question what moves them. Understanding the forces behind currency valuations gives traders, businesses, and investors a decisive analytical edge. This guide covers the key signals to watch and examines each major factor driving exchange rates in depth.