Forex technical analysis

Find below top down forex technical analysis exclusively using supply and demand imbalances together with price action.
Bear in mind that a top down technical analysis is needed to make a trading decision, a single timeframe is not enough to place a trade. There are not signals, they are meant to point out strong imbalances usually in a clear trending market.

FX latest analysis today

22nd October 2021

BioNTech Stock price forecast 2021

BioNTech Stock Covid-19 Manufacturer Buy Opportunity. A strong weekly demand level has been reached as expected. BioNTech Stock price rallying as expected and mentioned in the set and forget trading community. BioNTech SE is a German biotechnology company based in Mainz that develops and manufactures active immunotherapies for patient-specific approaches to treating diseases. With Pfizer, […]
5th March 2021

EURUSD technical analysis 2021 update

Both EURUSD and US Dollar Index #DXY had reached strong imbalances as explained in a previous analysis that you can read here shared with you last 12th January 2021. As expected, the EURO has dropped strongly from that strong imbalance on the monthly timeframe. The same is happening to the US Dollar Index but upside down, and […]
18th February 2021

USDJPY chart. Daily uptrend February 2021

USDJPY chart is definitely bullish. The daily timeframe is trending up creating new demand imbalances and respecting them. The bigger picture bias for USDJPY Forex cross pair is bullish with the USD potentially becoming stronger as explained in a previous Dollar Index DXY chart analysis. Why is USDJPY rallying so strongly? The bigger picture bias […]
12th January 2021
supply and demand trader

Dollar Index DXY technical analysis 2021

Dollar Index DXY technical analysis is no longer bearish. A strong demand imbalance on the monthly timeframe has taken control. Selling Dollar Index DXY smaller timeframes is suicidal in this scenario. A new year has started with Dollar Index DXY right at a strong demand imbalance where a decent bullish reaction is expected. Dollar Index […]
12th January 2021
Forex strategies, supply and demand trader, Forex trader

EURUSD technical analysis 2021

EURUSD technical analysis is no longer bullish. A strong supply imbalance on the monthly timeframe has taken control. Buying EURUSD smaller timeframes is suicidal in this scenario. A new year has started with EURUSD right at a strong supply imbalance where a decent bearish reaction is expected. EURUSD technical analysis using supply and demand imbalances […]
4th January 2021
Forex trading

GBPUSD analysis amid dollar weakness

GBPUSD analysis, The British pound has stayed supported by the passage of post-Brexit trade deal in the UK Parliament. This together with the prevalent bearish sentiment surrounding the US dollar and the Dollar Index, allowed the GBPUSD pair to create brand new demand imbalances and build on its bullish momentum eliminating weak supply levels. GBPUSD […]

Forex technical analysis is as hated and as loved by Forex traders. Those traders trading Forex fundamental analysis will be against using technical analysis because they believe everything in Forex is about fundamentals.

However, there is a big number of traders that use technical analysis and price action to trade the the Forex currency market.

Traditionally, Forex technical analysis has been the study of historical market data, including price and volume, while at the same time using tools like trendlines and support and resistance levels to help you trade with the support of as many indicators as possible.

Forex technical analysis hasn’t always been used in the past, most traders used to trade fundamental analysis of the Forex cross pairs they had in their watchlist or portfolio.

As supply and demand traders we also have to use technical analysis, it’s the core of what we do because trendlines and the strength of price action will indicate us potential huge imbalances where we want to place our trades on Forex.

However, we do not need to take into consideration volume or fundamental analysis in our technical analysis, because price action alone will tell us all we need to do.

Price action is alone is not enough, we must the price action into context since context is everything. Forex fundamentals are usually priced in price action technical analysis.

If your want to learn to trade forex you can visit our forex trading for beginners page.

Forex chart analysis

Trading Forex without looking at a chart or doing a top down chart analysis is like driving a car at night without the lights on. We need to pay very close attention to what price action and chart analysis is telling us, price action is the only non-lagging indicator, it’s very important to make a trading decision in Forex.

Price action and supply and demand go hand in hand because every single Forex imbalance is made of price action, candlesticks or bars if you are using the latter. Dozens of Forex charts analysis and potential trade setups are available in the set and forget trading community. We go over dozens of scenarios every week in our daily and weekly updates so you don’t have to do the hard work of locating those potential imbalances and trade opportunities.

Forex trading analysis

A top down trading analysis is needed to make a trading decision in the Forex market. A single timeframe analysis is not enough to make a high probably a trading decision. Your Forex analysis will be lacking a very important piece of the puzzle, multiple timeframe trading analysis.

Forex market analysis

Multiple timeframe Forex market analysis is needed to make a trading decision in the Forex market. A single timeframe analysis is not enough to make a high probably a trading decision. Your Forex market analysis will be lacking a very important piece of the puzzle, multiple timeframe trading analysis.

FX daily analysis and prediction

We can use technical analysis together with supply and demand to trade and predict future moves in our FX daily analysis. We should not be talking about Forex FX daily analysis and prediction, it sounds as if we were talking about astrology. However using a supply and demand trading strategy will help us make a FX market prediction with a high degree of accuracy.

Forex technical indicators

The goal of any Forex trader or investor is to make as much profit as possible trading Forex. To achieve this, traders go long or short on certain Forex currency pairs, including EURUSD, GBPUSD, NZDUSD and the like. For day traders, profits are derived from the most liquid Forex cross pairs using technical indicators.

Technical indicators are very popular amongst Forex traders, however we do not really need them if we use supply and demand imbalances to place our trades on Forex.

Top down analysis fx

A top down analysis in the FX market analysis is needed to make a trading decision. A single timeframe analysis is not enough to make a high probably a trading decision. Your FX market analysis will be lacking a very important piece of the puzzle, multiple timeframe trading analysis.

Fundamental analysis forex

As supply and demand traders we do not need to take into consideration fundamental analysis. Unless you are doing intraday or scalping Forex cross pairs, fundamental analysis is usually priced in the Forex charts.

     
 

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