forex technical analysis

Japanese Candlestick Patterns were used in Japan to analyze rice contract prices in the 17th century. They help determine who is winning the forex market: Bulls (buyers-traders who expect the market to go up and start buying currency pairs) or Bears (sellers-traders who expect the market to go down...

Technical Analysis tools help traders analyze, identify and understand market conditions and behavioral patterns, and predict price movements. A trader, depending upon his predetermined duration in the forex market, should decide upon which type of chart(s) to be used. For example, a short-term...