OANDA, one of the world's global forex brokers, introduced two new technical analysis features, namely Correlating Signals and Our Favorites. These two features are special because they were compiled in collaboration with Autochartist. This Autochartist provides software to help analyze more than 500 trading instruments with online mode in financial markets. So, traders can identify which opportunities are the best and have the opportunity to harvest profits.

Correlating Signals And Our Favorites

Through the Correlating Signals feature, investors will receive email notifications indicating trading opportunities when support and resistance levels coincide with projected chart patterns. Meanwhile, Our Favorites is a service dedicated to OANDA clients who use fxTrade, OANDA's award-winning exclusive trading platform.

With the Autochartist's Our Favorites feature, fxTrade users will receive a service of potential trading opportunity signals with the highest probability of touching the estimated price. Each trading opportunity provided is evaluated against the trend and adjusted for the type of pattern, instrument, and time of day when the trading opportunity is identified.

Free Analysis For OANDA Clients

According to Ilan Azbel, President and CEO of Autochartist, the company's flagship software scans over 10,000 market data points per minute to identify price trends and chart patterns for forex traders. Besides that, the Correlating Signals feature directly results from OANDA clients' feedback. Thousands of OANDA clients have installed the Autochartist service on their day trading.

Furthermore, Azbel added that it is hoped that this innovative collaboration between OANDA and AutochArtist can help traders trade smarter and profitably.

This latest Technical Analysis is available free of charge to all OANDA clients. As for fxTrade Practice account holders, this service can be used but for a limited time. Besides OANDA, other listed brokers have cooperated with Autochartist Instaforex.