NEW TRADING TOOL BY IQ OPTION: ‘TECHNICAL ANALYSIS’

IQ Option’s new ‘Technical Analysis’ tool fuses sophistication and simplicity to produce a specialised indicator which is easy to understand and use.

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Many traders use individual technical indicators to gauge market conditions but the new ‘Technical Analysis’ tool combines numerous moving averages and oscillators to produce a powerful dashboard type of trading tool.

The Technical Analysis feature is already available for 13 currency pairs: EUR/USD, EUR/JPY, EUR/CAD, EUR/CHF, EUR/AUD, GBP/USD, GBP/JPY, USD/CAD, CAD/CHF, AUD/USD, AUD/JPY, AUD/NZD, and NZD/USD.

To access the Technical Analysis feature on any of these forex pairs, simply click the small info button right below the instrument’s symbol (in the top left corner of the chart):

The Technical Analysis tool combines the readings of all its moving averages and oscillators and formulates a directional bias which is expressed as one of the following:

Strong Sell
Sell
Neutral Buy
Strong Buy

This gives traders an instant indication of where the market is heading without even looking at a price chart!

The Technical Analysis tool can be used on numerous time frames and also contains information regarding different types of pivot points. What an excellent tool!