Technical Analysis for Forex

Relative currency strength heatmap table shows the percentage change in price of various currencies and metals against each other over time.

The purpose of scalping is Identify potential trading opportunities with advanced chart-pattern recognition and automated alerts — powered by Autochartist. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias. This means the price of the currency reflects all available information, including fundamental factors i. To find FREE training of this quality is very rare in this day and age.

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Currency Strength Heatmap Table See where your currency ranks against other currencies traded against it. Watch a Video Tutorial. Get free access to leading news feeds, and use our analytical tools to assess when and why trading instruments are moving. We share information on the trading activity of our institutional and retail clients.

Our Order Book graphs aggregate live market data from our entire client base to show real-time snapshots of pending orders and current positions for the major currency pairs. Assess the true market sentiment before you short or long a currency. Zero in on which currency pairs show the most significant price fluctuations over various time periods. Compare how currency pairs have moved relative to each other. Analyze your portfolio exposure and risk.

See the percentage change and rank of each currency relative to other currencies traded against it. Read forex market, commodities, and global indices news and analysis using fundamental and technical tools, real-time rates, and an economic calendar.

Identify potential trading opportunities with advanced chart-pattern recognition and automated alerts — powered by Autochartist. Try our new beta currency tools and updates. This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from OANDA. Our daily technical analysis feed provides key insights on current market trends in forex, cryptocurrencies, commodities and indices. Our in-house experts assess relevant technical FX information to deliver articles, analyst picks and in-depth insights to inform your trading strategy.

The technical analysis of markets involves studying price movements and patterns. It is based on identifying supply and demand levels on price charts by observing various patterns and indicators.

Technical traders project future market conditions and forecast potential price fluctuations by observing historical price patterns. There are countless tools available for technical analysts to assess market sentiment and locate points of support and resistance, which can be used to determine whether a given trend will continue — examples include trend lines, moving averages and the Relative Strength Index. The Elliott Wave forecast for crude oil prices show a maturing up trend.

The Elliott wave forecast for natural gas show resistance just above current levels. The Euro may rebound against the US Dollar after stalling near the 1. Data updated in real-time. Retail trader data shows The number of traders net-long is 4. To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

Having trouble developing your strategy? The number of traders net-long is 7. Having trouble with your strategy?