Importance of technical analysis for Forex

[technicalanalyst]

I have been researching pretty much on the importance of technical analysis for forex trading. I have put together the results of my analysis on the website Forex Technical Analysis, Technical Analysis for Forex trades . I wish to update the important levels for USD-GBP, USD-EURO, JPY-USD and USD-AUD on a regular basis.

Hope this helps everyone!

Cheers,

 

[benmaya]

Nice website. I would like to see more articles in the site

 

[allangering]

Technical analysis is a method of predicting price movements and future market trends by studying charts of past market action. Technical analysis is concerned with what has actually happened in the market, rather than what should happen and takes into account the price of instruments and the volume of trading, and creates charts from that data to use as the primary tool. EUR/USD Current level-1.4280 EUR/USD is in a broad consolidation.