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

23rd September 2020
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GBPUSD short bias reacting to supply imbalance

GBPUSD Forex cross pair is dropping as expected from the monthly supply imbalance located around 1.32. The reaction has been pretty strong for now. The British Pound is weak against the US dollar, this together with the fact that the Dollar Index DXY analysis is bullish, it’s helping GBPUSD Forex cross pair to drop so […]
23rd September 2020
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EURUSD is dropping, short bias in September 2020

As explained and forecasted for weeks, EURUSD is dropping as expected. We are expecting a bearish correction on EURUSD Forex cross pair after such a strong bullish impulse on the monthly timeframe. There is a monthly demand imbalance located much lower where we will be able to think of long -term positions. EURUSD forex forecast […]
17th September 2020
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Forex and Stocks Technical Analysis update September 2020

You may remember from previous weekly newsletters that I talked about the American indexes and related ETFs breaking all-time highs and the bearish correction we are expecting on Nasdaq, QQQ and some IT stocks like Amazon, Apple, Tesla and Microsoft. The video attached below goes over some of the last basic supply and demand analysis […]
8th September 2020
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Expecting a bearish correction on EURUSD

Expecting a bearish correction on EURUSD Forex cross pair after such a strong bullish impulse. There is a weekly demand level located much lower where we will be able to think of long positions. The Dollar Index DXY analysis is very similar to the EURO but inversely correlated. EURUSD forex forecast and prediction Short positions […]
26th August 2020
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EURNOK forex cross pair creating new imbalances

EURNOK Forex cross pair (Euro versus Norwegian Krone) has broken all-time high again after months. EURNOK is trying to recover from the worst drop it had in a few decades by creating new daily demand imbalances like the one you will see lower in this forex analysis. As explained in previous EURNOK forex cross pair […]
4th August 2020
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AUDNZD forecast August 2020

AUDNZD Forex cross pair long term bias is bullish. For this reason, we can see new strong bullish price action and impulses on the daily timeframe. Besides, there are new demand levels being created on the daily timeframe, they are being respected while the opposite impulses are being eliminated. AUDNZD daily uptrend. Bullish forecast Clear […]

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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