Autochartist - unleash the power of forex technical analysis
Continuously scan and analyze the intraday markets using automatic chart pattern recognition and pattern quality indicators. Reference technical chart patterns and identify support and resistance levels using technical analysis powered by Autochartist – a web-based charting application accessible on our OANDA Trade platform.
This powerful combination of OANDA's trading platform and Autochartist's advanced charting tools allows you to unlock even more advanced forex trading tools and enhance your forex technical analysis.
What is technical analysis?
To identify potential trading opportunities, technical analysis examines price movements in various financial markets, including the forex market. The main goal is to determine potential trading entry or exit points. This is done by using multiple tools, including historical price charts and market statistics, available through OANDA and Autochartist technical analysis tools.
Benefits of technical analysis with Autochartist
Accessing our technical analysis tools is a breeze. Simply log in to your OANDA Trade account and locate the ‘technical analysis’ button on the left-hand panel of the trading platform. Click on it to start using the tools, which include advanced charting, pattern recognition, and volatility analysis. You'll see how easy it is to navigate and use them.
Once installed, you’ll have access* to intraday market scanning, volatility analysis, performance statistics, customizable daily market reports, and more benefits, including:
Time-saving automated analysis: Autochartist’s technical analysis tools & charts can analyze markets to detect vital trading patterns
Automated alerts for specified patterns: Execute trades directly inside the interface
Correlating signals: Receive email notifications and flag trading opportunities when support/resistance levels coincide with chart pattern projections
Potential trading opportunities: Get automated alerts about emerging or completed charts, Fibonacci, and key level formations
Review successful forecasts: Review only the forecasts that have historically** had a certain level of success probability with our favorites
Instrument-specific exits: Set instrument-specific exits based on estimated market volatility
Training material: Gain access to a library of written and video content for Autochartist technical analysis tools & charts
*Technical analysis is free for all OANDA Trade clients. Access for OANDA demo account clients is limited and delayed.
**Please note that historical performance is not indicative of future performance.
Autochartist tools
When you unlock access to Autochartist’s technical analysis tools on the OANDA platform, you’ll gain access to a variety of features, including:
Fibonacci patterns: Get assistance with identifying support and resistance in asset prices
Technical chart patterns: Get notifications on various stages of formations in various technical charts, including forex technical analysis charts, to enhance your trades
Key levels: Also known as support and resistance levels, these price levels highlight important psychological points for market movements
Risk calculator: Calculate your financial risk before you make a trade
Volatility analysis: Use visual aids that provide you with data on possible volatility
Performance statistics: Take advantage of various statistics and technical indicators to analyze the historical performance of a system for six months
Market reports: Market reports contain information on important market events, a summary of the latest major market indicators, and more
Autochartist mobile application: Gain access to a technical analysis app that you can use wherever you are
Designed for beginners and experts
Autochartist’s technical analysis tools on the OANDA platform are great for both beginners and experts.
For beginners, we provide a wealth of educational material to help you understand how to leverage Autochartist’s tools on the OANDA platform. This includes tutorials, guides, and videos that cover everything from the basics of technical analysis to advanced trading strategies. In addition, we offer automated messaging, alerts, market reports, and more to help you get to grips with trading. Our experts will be there to support you every step of the way on your trading journey, ensuring you feel confident and supported.
Ready to start trading?
Open an account in minutes
Already have a live trading account? It's easy to fund your account using one of the following payment methods.
Trusted by traders all over the world
With over 25 years of experience, OANDA offers leading tools, powerful platforms, and transparent pricing.
Two ways to trade, plus MetaTrader 4 and TradingView
Our range of platforms includes OANDA Trade web, mobile, tablet, TradingView and MetaTrader 4.
Mobile and tablet trading
Trade forex on the go with our Android, iPhone, and tablet apps. You can also spot-trade eight popular cryptocurrencies through our partnership with Paxos.
Trade forex with OANDA
We are a globally recognized broker with over 25 years of experience in foreign exchange trading.