pipsFX is a daily report showing technical support and resistance levels monitored closely by experienced forex players. Although some traders watch fundamentals, the extreme leverage employed in currency trades demands a sound technical approach.

In short, technical analysts believe that all anticipated fundamentals are constantly priced into a liquid market. (And there is no more liquid market than foreign exchange.) Technical analysis provides objective entry and exit points for a position and, therefore, allow the trader to quantify risk/reward for each position. Technical analysis works because so many traders employ it—particularly in currency trading. And the more widely recognized a technical indicator is, the more likely it is to be effective.

In currencies, certain technical indicators have gained prominence. These include Fibonacci ratios and certain moving averages including the 200-day for position traders, and 13-/15-bar m.a. crossovers on daily, hourly, and 15 minute charts. But there is no more prominent indicator than the bar chart itself. And this is where pipsFX shines.

pipsFx is a computerized set of algorithms that forms a mathematical representation of a bar chart. pipsFX isn't satisified with one bar chart. Just as you would, pipsFX looks price charts in several timeframes. Because it is capable of reducing charts into mathematical equations, it is able to combine various timeframes and combine technical points into a cohesive guideline. As you might imagine, when pipsFX   finds the same price level appearing in more than one timeframe, it puts particular emphasis on this level. (You might imagine that the more charts a observed price level on, the more traders who are likely to act on the level.)

It usually takes some time for a trader to become comfortable with an indicator or technical tool and to figure out how to incorporate it into an existing methodology. For this reason, we make the previous day's pipsFX  report freely available on this website. If you think your trading might improve with a systematic, methodical, mathematical analysis of your charts, give pipsFX a shot at it. Follow it in the currencies you trade and see if it frees your time to concentrate on monitoring your trades in the highly leveraged, fast-moving currency markets.

pipsFX is a set of mathematical algorithms provided as an aid to your market analysis. These algorithms and the price data used is believed to be reliable, but is not guaranteed. Currency trading is extremely risky. There is no guarantee of profits. Losses may occur. Each trader is unique and responsible for his/her own trading decisions. No representation is made regarding the suitability of pipsFX for your intended use (including trading).