See the Technical Chart Analysis Legend above (click to get the full size) to understand the meaning of the differently colored lines, circles/ ellipses and arrows on the charts. Also have a look at Support and Resistance | Fibonacci Analysis | Important Chart Patterns | Popular Chart Patterns | Breakout Trading to get a deeper understanding of the chart technical pattern, tools and methods used in the analysed Charts below.
The mainly employed technical chart analysis methods and tools are:
- monthly, weekly, daily Pivot Points (visible on the right site of the charts)
- Simple Moving Averages (10, 20, 200 SMA periods)
- Important Highs/ Lows (horizontal lines with different colors for different time frames)
- Fibonacci Analysis (Fibonacci Retracement and Fibonacci Extension)
- Continuation Chart Patterns and Consolidation Patterns (green circles/ ellipses)
- Support or Resistance zones due to Consolidation Price Zones of prior Consolidation patterns (orange arrow)
- and many other important chart patterns.
The reaction of the market price at Support and Resistance is marked with a blue circle/ ellipse.
At important Timing points like the beginning of the new candle market often breaches Support or Resistance levels particularly if the prior candle strongly closed at the important Chart level (see red circles/ ellipses). More information about the Breakout Timing and False/ True Price Breakouts...
The strong manipulative nature in the Forex market leads to many false price breakouts at important chart levels like highs/ lows to trigger many stop and limit breakout orders. This kind of manipulative price action is visible on many charts and this purely stop hunting price action above/ below important Support/ Resistance levels is often marked with a red arrow. Here you find more information about manipulative price action in Forex...
Below you find many analysed Charts and Forex Chart patterns at a glance without much description to provide important and popular price chart patterns and trading tools on one view to understand what technical chart analysis is about.
The analysed charts of the EUR/USD from different days and time frames are ordered and categorized to fit some famous chart patterns.
However, you should now that particularly popular chart patterns are manipulated to often fool traders into bad setups.
Head and Shoulders Chart pattern
|Daily Head and Shoulder pattern|
|5 min Head and Shoulder pattern|
Here a sound analysis of the Head and Shoulders pattern can be found.
Pivot Points | Consolidation price zone (see arrows)
Monthly, Weekly, Daily Pivot Points are on the right side of the charts marked with dashed lines.
Consolidation price zones often provide Support/ Resistance when price reaches this zone again.
|5 min Consolidation Price zone | Pivot Points|
|1 hour Consolidation Price zone - Pivots|
|Daily and Weekly Pivot Points as Support/ Resistance|
Triangle Consolidation pattern and Triangle Breakout
|5 min Triangle Breakout|
|Triangle Consolidation pattern|
Butterfly sell/ buy Chart pattern
|5-min Butterfly sell pattern|
|5 min Butterfly buy pattern|
False Price Breakouts - Stop Running
|1 hour Stop Runs - False Price Breakouts|