Tag: technical analysis

The current price of the EUR/USD exchange rate is 1.1901 (March 09, 2021). The decline of this pair has slowed down today, and we will look at statistical and technical analysis.

Moving averages (MA) are one of the most versatile and most used indicators in the whole field of technical analysis because, thanks to the construction method of the indicator, moving averages are very easy both to test and adapt.

Price charts are the most important tool for technicians. There are three main types of charts and each has its advantages and disadvantages. Charts are used to analyze the historical price movement and can be combined with other tools such as various technical indicators and oscillators. Nowadays most charting platforms offer this feature alongside different graphical formations that can be drawn on price charts. These are for example trend lines, horizontal and vertical lines and many other formations that can help in analyzing the market.

Today, like every Friday, I have prepared a technical analysis of Bitcoin. We will look at key levels, as well as the next possible movement.

The investors and traders have made good wealth in the stock market in the past few years. Therefore, more and more people are taking interest and participating in the share market. In fact, the traders and investors follow different methodologies while investing or trading. There are two methodologies in the stock market; fundamental analysis and technical analysis. Both the methodologies are very different from each other.