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NEW TRADING TOOL BY IQ OPTION: ‘TECHNICAL ANALYSIS’

 

News article enIQ 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):

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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!

 

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.