Exchange Rates Technical Analysis Reports

Historically, there are two sides to technical analysis: Japanese and Western techniques which have recently converged. Japan shows us age-old techniques such as candlestick, or more recently Ichimoku. Western techniques include Richard Schabacker, heir to the work of Dow, who defined "technical functioning of the market" as "... the aspect of the analysis based on the phenomena that emerge from the market itself, excluding fundamental and other factors ... ". This is the cornerstone of modern technical analysis, much more than just charting, and includes the study of areas such as market psychology, relative strength, quantitative analysis, and so on.