ForexGen studies past price and volume changes in order to build up simulations on future price movements. ForexGen’s analysts mainly make use of charts and financial formulas to gather enough information used in technical price speculations.
Types of indicators used in technical analysis:
• Cycle indicators
This type of indicators specify the exact time of an expected market change due to a repeatable phase that the market go through (Elections, seasons…etc)
• Volatility indicators
Changes in volatility tend to lead changes in prices. (Example: Bollinger Bands)
• Trend indicators
This one mainly examines the variable price data to create moving averages and trend lines.
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