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TECHNICAL ANALYSIS

The Top Forex Technical Analysis Tools & Resources

Forex trading involves a wealth of data, all of which must be carefully studied to make the best trading decisions. Chief among the resources available to FX traders is technical analysis. Forex technical analysis and Forex technical indicators may sound intimidating to newcomers, but they are the most useful tools and resources at your disposal. The basis of all technical analysis is that past price patterns and behaviour determine future price patterns and behaviour. Fortunately, the currency markets trade around the clock, and there is no shortage of data at your fingertips.

The type of FX trading resources you can expect include Bollinger Bands, moving averages, Moving Average Convergence Divergence (MACD), Fibonacci retracement levels, stochastic indicators and more. These Forex technical analysis tools are your best friends when you are learning the currency markets. And, even when you’re a professional trader, Forex technical analysis will serve you well. The range of trading tools and resources available to you is diverse, and growing larger all the time.

What is FX Technical Analysis, and What isn’t It?

Many novice traders mistakenly believe that Forex technical analysis is only applicable to short-term trading. Nothing could be further from the truth. Technical analysis utilizes charts, graphs and long-term trend mapping strategies all the time. Technical analysis is used for 200-day moving averages, 50-day moving averages and 20-day moving averages. Forex traders using technical analysis tools typically enjoy higher levels of success than those who don’t. In fact, the world’s most successful strategy-based traders routinely cite technical analysis as the reason for their success. In case you’re wondering whether technical analysis is the domain of individual traders, think again. Large institutional Forex brokerages have entire departments committed to technical analysis evaluation and study.

Nonetheless, it’s important to understand that no FX technical analysis modeling, charting or trend analysis is 100% accurate. At best, it provides broad direction for currency traders without quoting specific price movements. In other words, it provides a trading range, not a specific price target. Of all the trading resources, Forex technical analysis is certainly one of the most studied and used methodologies. Nowadays, powerful computers rely solely on technical trends of currency pairs and their interactions with the macro economy. Here at The Top Forex, we have dedicated an entire section to insightful technical analysis. You will find all manner of information on currency pairs trading with top pairs like the EUR/USD, GBP/USD, GBP/JPY, USD/CAD, and others.

Monday,
September 18, 2017
9:04 am

Zero to $1 Million in 10 Months | Making Your First Million Is so Easy with trading cryptocurrency

 Zero to $1 Million in 10 Months | Trading Cryptocurrency Academy! Making Your First Million so Easy with trading cryptocurrency The... Continue Reading


Monday,
August 7, 2017
7:12 am

Welcome to TheTopForex Academy!

By Antonis Vasloos

Welcome to TheTopForex Academy! The only place where you can find the necessary information as a successful trader! The course... Continue Reading


Wednesday,
August 2, 2017
8:28 am

The Giant Apple Did it Again | 2/8/2017

By Antonis Vasloos

UNBELIEVABLE ! Apple did it again ! Apple’s quarterly earnings report – the stock exploded in ‘after hours’ session to a... Continue Reading


Wednesday,
July 12, 2017
12:12 pm

Good News for Oil Investors as Price Report Gains

By Antonis Vasloos

The declining oil prices worried the investors all over the world. Despite the output production cut deal initiated by OPEC,... Continue Reading


Wednesday,
July 12, 2017
12:09 pm

Qatar Confident Of Thriving In Tense Economic Conditions

By Antonis Vasloos

Qatar has become the victim of the diplomatic freeze as many Gulf countries have cut down all trading and economic... Continue Reading


Wednesday,
July 12, 2017
12:08 pm

Poor Economic Data Force Pound To Recede In The Forex Market

By Antonis Vasloos

After a long time, Pound Sterling was gaining in the forex market. However, the high tide was short-lived after the... Continue Reading


Wednesday,
July 12, 2017
12:07 pm

Bank Of Canada Set To Increase Interest Rates

By Antonis Vasloos

For years, Canadians have been enjoying low-interest rates and low debts due to the lower interest rate. Recently, the Bank... Continue Reading


Tuesday,
July 4, 2017
7:33 am

Technical Analysis 4/7/2017

By Antonis Vasloos

EUR/USD: BULLISH RALLY LOSING MOMENUTM Outlook: Bullish It was a week of milestones for the euro, which is coming off... Continue Reading


Wednesday,
June 28, 2017
7:23 am

Technical Analysis 28/6/2017

By Antonis Vasloos

EUR/USD: EURO HITS 10-MONTH HIGH Outlook: Bullish Europe’s common currency enjoyed a burst of momentum Tuesday, as the common currency... Continue Reading


Wednesday,
June 14, 2017
4:48 am

Technical Analysis 14/6/2017

By Antonis Vasloos

EUR/USD: Traders Look for Bullish Breakout Outlook: Neutral Momentum failed to lift the euro to new highs over the past... Continue Reading


Wednesday,
June 7, 2017
7:43 am

Technical Analysis 7/6/2017

By Antonis Vasloos

EUR/USD: 1.13 Remains Elusive Outlook: Bullish Europe’s common currency remains in a firm uptrend supported by strong technical indicators, despite... Continue Reading


Friday,
June 2, 2017
7:46 am

Technical Analysis 2/6/2017 -EUR/USD GBP/USD

By Antonis Vasloos

EUR/USD: Looking for Direction Below Yearly High Outlook: Neutral Technical traders have favoured the euro in recent weeks, but a... Continue Reading


Monday,
May 29, 2017
8:50 am

Technical Analysis 29/5/2017 -EUR/USD GBP/USD

By Antonis Vasloos

EUR/USD: Dollar Recovery Undermines Euro Rally Outlook: Neutral After a month-long rally, the EUR/USD finds itself back below 1.12 as... Continue Reading


Wednesday,
May 24, 2017
5:57 am

Technical Analysis 24/5/2017 -EUR/USD GBP/USD

By Antonis Vasloos

Euro, Commodities Poised for Gains Amid Pervasive Dollar Weakness EUR/USD Outlook: Bullish Renewed weakness in the US dollar has allowed... Continue Reading


Monday,
May 22, 2017
6:32 am

Technical Analysis 22/5/2017

By Antonis Vasloos

Technical Analysis 22/5/2017 | EUR/USD | GBP/USD | WTI Oil | Gold EUR/USD Outlook: Bullish The euro’s rally has stalled... Continue Reading


Friday,
May 19, 2017
6:11 am

Technical Analysis 19/5/2017

By Antonis Vasloos

Technical Analysis 19/5/2017 | EUR/USD | GBP/USD | WTI Oil | Gold EUR/USD Outlook: Bullish The euro staged a large... Continue Reading


Wednesday,
May 17, 2017
7:46 am

Technical Analysis 17/5/2017

By Antonis Vasloos

Technical Analysis 17/5/2017 | EUR/USD | GBP/USD | WTI Oil | Gold EUR/USD Outlook: Bullish The upsurge in the EUR/USD... Continue Reading


Monday,
May 15, 2017
9:08 am

Technical Analysis 15/5/2017

By Antonis Vasloos

Technical Analysis 15/5/2017 | EUR/USD | GBP/USD | WTI Oil | Gold   EUR/USD Outlook: Bullish The euro backtracked last... Continue Reading


Friday,
May 12, 2017
8:44 am

Technical Analysis 12/5/2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro has been caught in a downward consolidation all week, as price reached the upper end... Continue Reading


Monday,
May 8, 2017
6:24 am

Technical Analysis 8/5/2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The EUR/USD opened at 1.0999 Monday and briefly crossed the psychological 1.1000 handle before pulling back in... Continue Reading


Friday,
May 5, 2017
7:20 am

Technical Analysis 5/5/2017

By Antonis Vasloos

EUR/USD Outlook: Bullish The euro is making strong headways toward 1.10 US, a major psychological milestone that has eluded traded... Continue Reading


Thursday,
May 4, 2017
8:14 am

Technical Analysis 4/5/2017

By Antonis Vasloos

EUR/USD Outlook: Bullish The euro continues to advance against the dollar this week, as the bulls attempt to overcome an... Continue Reading


Monday,
May 1, 2017
8:45 am

Technical Analysis 1/5/2017

By Antonis Vasloos

 Technical Analysis 1/5/2017 – EUR/USD Outlook: Bullish The euro continues to trade in the 1.09 U.S. vicinity on Monday after... Continue Reading


Wednesday,
April 26, 2017
8:00 am

Technical Analysis 26/4/2017

By Antonis Vasloos

EUR/USD Outlook: Bullish The strong uptrend in the euro continued Tuesday, with prices consolidating at fresh yearly highs. The EUR/USD... Continue Reading


Monday,
April 24, 2017
7:07 am

Technical Analysis 24/4/2017

By Antonis Vasloos

EUR/USD Outlook: Overbought The euro experienced a major breakout Monday, with prices briefly surpassing 1.0900 US for the first time... Continue Reading


Friday,
April 21, 2017
6:20 am

Technical Analysis 21/4/2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro has found stability above 1.0700 US, as the currency failed to rally above the 61.8%... Continue Reading


Wednesday,
April 19, 2017
5:59 am

Technical Analysis 19/4/2017

By Antonis Vasloos

EUR/USD Technical Analysis 19/4/2017  Outlook: Overbought The euro broke to the upside on Tuesday and was last seen approaching a... Continue Reading


Wednesday,
April 12, 2017
8:05 am

Technical Analysis 12/4/2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The EUR/USD has completed its downward consolidation pattern and appears to have consolidated in the 1.06 range.... Continue Reading


Friday,
April 7, 2017
5:57 am

Technical Analysis 7/4/2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro has been mired in a narrow trading range over the past three sessions, with the... Continue Reading


Wednesday,
April 5, 2017
6:22 am

Technical Analysis 05-04-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro has declined sharply over the past week, a period characterized by renewed strength in the... Continue Reading


Wednesday,
March 29, 2017
8:16 am

Technical Analysis 29-03-2017

By Antonis Vasloos

EUR/USD Outlook: Bullish The EUR/USD extended its winning streak this week to fresh four-month highs, as the bulls extended the... Continue Reading


Friday,
March 24, 2017
7:02 am

Technical Analysis 24-03-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro broke higher earlier this week and appeared poised to test 2017 highs before a major... Continue Reading


Wednesday,
March 22, 2017
7:19 am

Technical Analysis 22-03-2017

By Antonis Vasloos

EUR/USD Outlook: Slightly Bullish The bulls have taken control of the EUR/USD, and are pushing prices beyond a well-defined four-month... Continue Reading


Monday,
March 20, 2017
7:40 am

Technical Analysis 20-03-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro opened the week in positive territory against the dollar, building off last week’s post-FOMC gains.... Continue Reading


Friday,
March 17, 2017
9:39 am

Technical Analysis 17-03-2017

By Antonis Vasloos

EUR/USD Outlook: Bullish The EUR/USD is approaching the upper end of a four-month range, as the pair attempts at higher... Continue Reading


Wednesday,
March 15, 2017
6:56 am

Technical Analysis 15-03-2017

By Antonis Vasloos

EUR/USD Outlook: Bearish The euro experienced a sharp reversal on Tuesday, and faces bearish pressure at the lower end of... Continue Reading


Monday,
March 13, 2017
7:32 am

Technical Analysis 13-03-2017

EUR/USD Outlook: Slightly Bullish The euro broke out of another downcycle last week, and is currently trading at more than... Continue Reading


Friday,
March 10, 2017
7:28 am

Technical Analysis 10-03-2017

Antonis Vasloos

EUR/USD Outlook: Slightly Bearish The EUR/USD snapped back on Thursday, but gains were limited by a short-term resistance located at... Continue Reading


Wednesday,
March 8, 2017
6:45 am

Technical Analysis 08-03-2017

Antonis Vasloos

EUR/USD Outlook: Slightly Bearish The EUR/USD declined on Tuesday, adding to the previous session’s loss and pushing prices toward the... Continue Reading


Monday,
March 6, 2017
6:41 am

Technical Analysis 06-03-2017

Antonis Vasloos

EUR/USD Outlook: Neutral The EUR/USD is consolidating in a familiar range on Monday after being pulled toward two-month lows last... Continue Reading


Friday,
March 3, 2017
8:10 am

Technical Analysis 03-03-2017

By Antonis Vasloos

EUR/USD Outlook: Bearish The euro extended losses below 1.06 U.S. on Thursday, as long-term positioning continued to favour the bears.... Continue Reading


Wednesday,
March 1, 2017
6:34 am

Technical Analysis 01-03-2017

By Antonis Vasloos

EUR/USD Outlook: Slightly Bearish The EUR/USD held within a narrow trading range on Tuesday, as prices continued to hover in... Continue Reading


Monday,
February 27, 2017
7:48 am

Technical Analysis 27-02-2017

By Antonis Vasloos

EUR/USD Outlook: Slightly Bearish After a momentous start to the year, the euro is on track for a monthly decline... Continue Reading


Friday,
February 24, 2017
7:38 am

Technical Analysis 24-02-2017

By Antonis Vasloos

EUR/USD  Outlook: Slightly Bearish  Euro sellers failed to take the initiative on Thursday, as the common currency rebounded against the... Continue Reading


Wednesday,
February 22, 2017
7:20 am

Technical Analysis 22-02-2017

By Antonis Vasloos

EUR/USD Outlook: Bearish The EUR/USD fell to six-week lows on Tuesday, as the pair tested a critical short-term support around... Continue Reading


Monday,
February 20, 2017
7:24 am

Technical Analysis 20-02-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro rebounded sharply from monthly lows last week, but is showing signs of topping as investors... Continue Reading


Friday,
February 17, 2017
6:49 am

Technical Analysis 17-02-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro pushed higher the U.S. dollar on Thursday, although the gains were largely attributed to weakness... Continue Reading


Wednesday,
February 15, 2017
6:42 am

Technical Analysis 15-02-2017

By Antonis Vasloos

EUR/USD Outlook: Bearish The euro plunged below 1.0600 U.S. on Tuesday and was on track for its lowest settlement in... Continue Reading


Tuesday,
February 14, 2017
9:18 am

Technical Analysis 10-02-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro fell to three-week lows versus the dollar on Thursday, a sign the long-term downtrend was... Continue Reading


Wednesday,
February 8, 2017
8:14 am

Technical Analysis 08-02-2017

By Antonis Vasloos

EUR/USD Outlook: Neutral The euro trended firmly lower against the dollar on Tuesday, offering further evidence of negative pressure on... Continue Reading


Monday,
February 6, 2017
10:25 am

Technical Analysis 6/2/2017

By Antonis Vasloos

EUR/USD Outlook: Slightly Bullish The euro has settled within a familiar range since the start of February, with traders adopting... Continue Reading


Monday,
January 30, 2017
10:01 am

Technical Analysis 30/1/2017

By Antonis Vasloos

EUR/USD The EUR/USD opened the week in positive territory, climbing 0.3% to 1.0726. The euro remains in an uptrend versus... Continue Reading


Friday,
January 27, 2017
7:20 am

Technical Analysis 27/1/2017

By Antonis Vasloos

EUR/USD The EUR/USD fell below 1.07 on Thursday, as the dollar recovered from one-month lows against a basket of world... Continue Reading


Wednesday,
January 25, 2017
5:13 pm

Technical Analysis 25/1/2017

By Antonis Vasloos

EUR/USD The euro edged lower against the dollar on Tuesday before paring losses to finish at 1.0734 US. On Monday,... Continue Reading


Monday,
January 23, 2017
5:18 pm

Technical Analysis 23/1/2017

By Antonis Vasloos

EUR/USD The euro rose to fresh six-week highs against the dollar on Monday, as the common currency steadied after a... Continue Reading


Friday,
January 20, 2017
5:22 pm

Technical Analysis 20/1/2017

By Antonis Vasloos

EUR/USD The EUR/USD lost ground on Thursday and is showing signs of topping, as the market struggles to extend gains... Continue Reading


Tuesday,
January 17, 2017
12:48 pm

Technical Analysis – WTI Oil Prices 12/1/2017

By Antonis Vasloos

Crude oil is coming off its first weekly loss in five, as concerns about weak Chinese demand weighed on the... Continue Reading


Monday,
January 16, 2017
9:22 am

Technical Analysis – EUR/USD 12/1/2017

By Antonis Vasloos

The EUR/USD enters Monday on a two-day winning streak, as markets await Donald Trump’s presidential inauguration on January 20, a... Continue Reading


Sunday,
January 15, 2017
1:42 pm

Technical Analysis – GBP/USD 12/1/2017

By Antonis Vasloos

The GBP/USD plunged more than 1% in thin Asian trade on Monday, as investors reacted to fresh headlines signaling the... Continue Reading


Wednesday,
January 11, 2017
4:33 pm

Technical Analysis – Gold 12/1/2017

By Antonis Vasloos

Gold futures have rebounded sharply at the start of the year and are trading at seven-week highs, as the dollar... Continue Reading


Popular Forex Technical Analysis Resources

You will find a wide range of Forex tools available to you during your daily trading sessions. You can employ things like moving averages, Bollinger Bands, relative strength index, stochastic oscillators, and Fibonacci retracements where appropriate. The Top Forex provides insightful commentary on how these FX tools interact with currencies, and how to read the numbers on the charts. Fortunately, most of these technical indicators are easy to use and don’t require extensive experience. You can incorporate these technical analysis tools into your Forex trading decisions for maximum profitability. The Top 10 Forex brokers allow you to mix-and- match your preferred technical analysis tools to strike the right balance based on your trading preferences. The powerful trading platforms offer demo trading mode and real money mode, but we encourage you to practice using Forex technical analysis first. Currency trading is the world’s most actively traded market, and if you want to cash in on the action, technical analysis is vital to your success.

Typically, Forex traders will mix technical analysis and fundamental analysis for maximum effect. By looking at the volume of traded currencies, we can ascertain where the liquidity is. When there is a sudden decrease in volume trading, the liquidity is being drained from that currency and being redirected elsewhere. Technical analysis allows you to understand these short-term price movements. Remember, with Forex technical analysis, you’re trying to identify trends by tracking historical prices and volume. To do so, we use charts and graphs for plotting this data. We can predict future prices by looking at 3 types of trends. These include downtrends, uptrends, and horizontal trends. The Top Forex offers you the perfect opportunity to seize the moment with our in-depth coverage of technical analysis on currency pairs. Trade with confidence at the world’s top Forex brokers today.