How to predict future price fluctuations? Forex Trading Tools

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How to predict future price fluctuations?

Simplify your decision-making process with our tools for technical and fundamental analysis.

 

Technical indicators

 
Statistically, 93% of successful deals are closed using indicators. The main idea is that past asset performance forms patterns that repeat over time. Finding the patterns predicts the future.
Indicators do just that: they show you when a specific pattern is formed and warn you when it’s time to open a trade.

For example, Exnova offers over 100 indicators (Read Exnova Broker Review). 

You only need to change the settings for long-term and short-term deals to use them and learn to read the signals.

 

Traders’ Sentiment

 

Traders' sentiment is basically how traders feel about the market. If they think the market is going up, they're optimistic or "bullish," and if they think it's going down, they're pessimistic or "bearish."

Bullish

Traders Sentiments

81%
Buyers

 

19%

Sellers

If you are a new trader and not too confident about your forecasts, you can check your conclusions with the trader's sentiment. For example, if your forecast is DOWN and the trader's sentiment is bearish, you can be more optimistic about your prognosis.

 

News & Calendars

 

Traders working on longer time frames believe that economic, financial, and political news are better markers of the future price. Exnova has something for them, too.

Two types of calendars:
Economic and Earnings. They notify traders of important upcoming events and significant releases.

 

On-platform Newsfeed:
The platform aggregates all the essential news from the most authoritative financial media. You can view them without leaving the Trade Room.

Use the combination of analytical tools for optimal results.