Forexpros, the financial website for the Foreign Exchange (Forex) market, has unvailed its in-depth technical indicators data. It has reported that Forex traders and brokers can now view complex data analyses for nearly 700 major currency pairs including pivot points, moving averages, and technical indicators on its portal for the currency markets.
It said that for every currency pair, the new feature lets traders view three different support and resistance levels for five different pivot points, simple and exponential moving averages for six different periods, and 11 technical indicators including RSI (Relative Strength Index), Stochastics, and CCI (Commodity Channel Index).
The company further added that the portal also uses the data to calculate a specific buy, remain neutral, or sell recommendation for each individual indicator and period as well as an overall recommendation incorporating all indictors and periods.
