Make informed trading decisions based on breaking forex news and insights provided exclusively to our clients by our award-winning research team. As an online trader, keeping yourself updated with the latest financial news and events is important to your chances of success.
USD continues its slide lower
January 22, 2021 | Daily CommentaryThe USD seems to be heading for the worst week in the month today as the markets seem to be characterized by a positive mood, probably spurred also by the change of government and its big...Read More
Fed’s meeting dominates the scene
January 22, 2021 | Week AheadThe characteristic of the week we are leaving in the markets may have been the weakening of the USD, which suffered considerable outflows. President Biden’s inauguration and the market’s...Read More
Technical analysis is a method used in the evaluation of investments and in the identification of trading opportunities derived from the analysis of statistical trends and patterns forming in the historical price and volume data charts of a trading instrument or asset.
Technical Analysis is based on 3 general underlying assumptions:
The market discounts everything
Technical Analysts believe that every relevant market factor is already counted in the instrument’s price. As such, the only thing they need to analyse is the price movement.
Price moves in trends
Prices are always expected to form and follow trends, even at random. It is more likely for a price to continue a past trend than to move erratically.
History tends to repeat itself
Technical Analysts base their predictions on the observation that history tends to move in circles and thus repeat itself. They attribute historic price movement to market psychology based on fear or excitement. By trying to pinpoint these emotions when analysing chart patterns and understanding movement trends, analysts aim at predicting future price movement from market sentiment.
Technical Analysis in Online Trading
Almost any tradable asset such as currency pairs, commodities, futures, shares and bonds is affected by the forces of supply and demand, something which is reflected in the asset’s price movements.In online trading, there is a multitude of patterns, signals and trading systems that have been developed by experts and researchers to help them predict and trade price movements.
IronFX Daily Technical Analysis
We understand the importance of making informed decisions in online trading and we want our traders to be able to do so. Therefore, our dedicated research team comprised of expert finance analysts provides daily technical analysis on the hottest instruments and assets for all IronFX clients. With the proper information, you can plan your forex trading moves with calculated precision which can allow you to formulate solid strategies with the power to minimise your risk exposure and to significantly improve your trading chances. However, simply keeping yourself updated on trading news and important market events is not enough. To be able to make predictions on future market movements, you will need to learn about Technical Analysis, and how to use it. Trading professionals and trading veterans use Technical Analysis to predict future price movements, trace support and resistance levels and spot new trading opportunities as they arise. They often use the following types of indicators:
Support & Resistance levels
Volume and momentum indicators
Meet Our Research Team
Senior Research Analyst
Chartered Accountant (ACA), Member of ICAEWMr. Iosif joined IronFX in 2017 as part of the sales force. His high level of competence and expertise enabled him to climb up the company ladder quickly and move to the IronFX Strategy team as a Research Analyst. Mr. Iosif has earned a BSc in Business Management from the University of Macedonia (Greece) and continued to become a fully qualified member of the Institute of Chartered Accountants in England and Wales. Prior to joining IronFX as an Analyst, he was positioned in various positions as auditor, consultant and finance director specializing in fields such as business turnaround strategy, dynamic linear models, cash flow management and negotiations.
Head of Risk Management
Angelos Zittis, a Finance professional, joined IronFX in 2015 as a member of the Dealing Department. His high level of dedication and focus enabled him to become part of the IronFX Research and Strategy team as a Portfolio Management Officer. Angelos has earned a BA (Hons) in Accounting and Finance from De Montfort University, Leicester (UK). In addition, he is involved in the rebalancing of Portfolio Management accounts and is responsible for preparing Investment Policy Statements and client presentations.
Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.