The Most Common TA Indicators

Technical analysis involves the forecasting of exchange rate movement based solely upon statistics and price patterns. (In contrast with Fundamental Analysis which looks at economical factors and a country’s political conditions)

Here is one of the most important things you will ever learn, and I had to learn it the hard way: ONE OF THE MOST IMPORTANT PARTS OF TECHNICAL ANALYSIS IS PRICE ACTION!
And since Technical Analysis is basically the analysis of the Forex Market based on Price Action, you need to Learn Price Action (But that’s a lesson for another day…)

The important thing here is that you know that there is NO technical indicator better than PRICE ACTION (Volatility and Movements of Price)

Technical analysis relies on the statistics and patterns in price movement for its forecast. A combination of price action and technical indicators is the sure way to go, and another important point here is that NO decision should be made on just one indicator alone. ALWAYS combine and confirm two or more technical and/or fundamental indicators….ALWAYS

• Candlestick Patterns
• Moving Averages (MA)
• Moving Average Convergence Divergence (MACD)
• Relative Strength Index (RSI)
• Stochastics
• Fibonacci Retracement Levels
• Bollinger Bands (BB)

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