CleanFinancial.com, the UK based trading portal, has developed a new technical analysis area based on the most popular forex markets.
The new forex area is updated daily and covers the popular euro/dollar, sterling/dollar, dollar/yen, euro/sterling and dollar/Swiss franc markets.
The daily research comes from a number of different market analysts and covers both short-term trends as well as long-term market movements.
Each research article gives a snapshot of the technical levels such as where the market is likely to find 'price support' or 'price resistance'.
Some market analysts review the support and resistance levels and try to predict the next direction of the market. Other analysts point out possible target levels and what could happen if the market moves unexpectedly.
According to Jenna Cutly, Editor at CleanFinancial.com, technical analysis can be quick and convenient but users should still take care.
"Whilst we offer a range of both fundamental analysis and technical analysis, many of our readers prefer the latter. This is because, theoretically, with technical analysis, all the facts and data on a particular market are built into the price.
"The theory means that investors don't need to review the financial news, reports and fundamental market information as such elements are, in principle, already reflected in the price.
"However, while this analysis can be particularly convenient and fast, the primary negative is that it is predicated on historical data. Just because a particular forex market has been rising or falling, that does not necessarily mean it will continue to rise or fall.
"Investors should also remember that leveraged products like margined forex, CFDs and spread trading carry a high level of risk to their capital and it is possible to lose more than their initial investment."
For more details see http://www.cleanfinancial.com/forex_technical_analysis.php.
About CleanFinancial
http://www.cleanfinancial.com is a financial portal which features a wide range of trading information as well as guides and charts - http://www.cleanfinancial.com/candlestick_charts.php - covering hundreds of individual markets. The website features daily updates and reviews of the global foreign exchange, commodity and stock markets.
CFDs, margined forex and spread trading may not be suitable for all investors. Investors should only speculate with money that they can afford to lose. Before trading, investors should make sure that they fully understand the risks involved and seek independent financial advice as and when necessary.
The reports on CleanFinancial.com are for information purposes only and are not intended as investment advice or trading recommendations. Neither CleanFinancial.com nor any contributing company or author accepts any responsibility for the correctness or accuracy of the information provided.