Today, forex traders and brokers are the leading promoters of technical analysis systems. And the general one can say that these systems work better with the forex market, especially with respect to futures contracts and equity and commodity markets. There are various reasons for this, such as
Continuity of the global forex market: The currency market is a market open 24 hours a day, seven days a week. This reduces the contract more than the risks of breakdown in the night trading risks and gaps.
Currency dependence on each other: Globalization published significantly the international trade and currency exchange. One can always find some changes in the patterns of currency even when countries are far apart from each other.
The ability to forecast some currencies at certain levels: central banks in different countries tend to participate actively in the market to keep the currency exchange rates at the optimum level. So one can be expected to reverse some basic levels once impenetrable.
