In Forex, one of the most successful strategies are the ones following the trend, so the sooner you can determine a trend, the more you can profit from it. There are many different ways to determine the beginning of a new trend.

Technical analysis is the study of historical price action in order to identify patterns and determine probabilities of future movements in the forex market indicators are used by technical analysts to help interpret price data and generate tradable buy and sell signals through the use of technical studies, indicators, and other analysis tools. Foreign exchange indicators and charting software can be a great deal of help for savvy traders who know how to use them when trading the forex.

Currency prices fluctuate and there are several technical indicators which are employed to forecast these price movements. As we know from physics classes back in the days we were still in school, the term “oscillating” means that a line swings between an upper and a lower boundary. Forex oscillators represent another widely used group of technical analysis indicators.