There are many free forex technical analysis distributed over the internet. Be it in a one-man’s blog, corporate’s website, forex forum, mailing-lists or even in your trading platform. I had observed many of those technical analysis and found out that most of them are actually worthless. Some of them are even written to cheat readers.
IMHO, worth-reading technical analysis shall be:
- Presented in simple way with less words. It’s better if there is a chart (captured-image) come along with it.
- Giving a trading idea as it’s conclusion. Trading idea; entry and exit suggestion. Isn’t that what a technical analysis is for ? Producing a trading idea.
Below are my best pick of free forex technical analysis resources. I read them regularly and have found them quite helpful especially for my gbp/usd and eur/usd trading.
1. Mizuho Bank’s Technical AnalysisThe technical analysis are made and written by Nicole Elliot from the London Branch of Mizuho Bank . As I know it solely based on Ichimoku analysis. It is updated daily at around 07.00-08.00 GMT, the analysis is presented in (.pdf) document. The presentation includes a chart, chart commentary and intraday trading suggestion. It also includes support and resistance level data and trend analysis (trade direction).
You can get the analysis from this link. Though almost all currency pairs are listed there, only GBP/USD and Eur/USD are updated regularly and continuously. You can directly reach the daily technical analysis for GBP/USD here and for EUR/USD here.2. Danske Bank’s Technical AnalysisThis is daily technical analysis for almost all currency pairs provided by Danske Bank’s team. It is updated at around 08.00 GMT and published daily on FXstreet. Unfortunately sometime FXStreet late making the publishing.
The technical analysis is presented in tabular data. Support-resistance and entry/exit recommendation are clearly written. You can get it from this link.
3. INO Marketclub’s Trend analysisThis is free trend analysis provided by Ino Marketclub. The trend analysis is made using Ino Trade Triangle system and is delivered to you by email on daily basis. I have found them quite helpful in determining prior day’s trend.You can get it by subscribing here. Fill the “Symbol” form with approriate currency-pair symbol without trailling slash (GBPUSD or EURUSD or GBPJPY etc).
