Professional Forecasting for Professional Traders

Independent daily technical analysis research

Charmer Charts was established in 1996 to provide unbiased Technical Analysis forecasts to the professional futures trader and spread better. Our experts provide an independent daily outlook for major equity index, fixed income, Forex and commodity markets from one of the most respected and established technical analysts in the world today. Leading financial institutions well as independent traders rely on our consistently accurate forecasts every day, to maximise their profits. 

Carol Harmer  is our chief analyst, with 30 years experience of analysing and trading the world's financial markets for major global banking institutions, as well as her own account, on the trading floor of LIFFE. We can help even the most experienced traders, guiding them through today’s volatile markets with detailed forecasts available daily, before the markets open.

Get the edge, get a free trial

Charmer Charts will help you to gain the edge by revealing the likely direction of the markets, preparing you with a trading plan for the day ahead to help you trade confidently in today’s volatile conditions.  We identify correct support and resistance levels to maximise profits while minimising losses, with our targets for the day.  Register for your free trial now!

We guarantee there is no better market forecasting service! We are so confident in our results that we do not hold you to a contract. Pay monthly and you are free to cancel at any time. If you are not satisfied after your first month we will even offer a full refund!

Day trading analysis can either be approached from the fundamental or technical analysis point of view. Technical analysis attempts to understand the emotions in the market by studying the market itself, as opposed to its components. If you understand the benefits and limitations of futures technical analysis, it can give you a new set of tools or skills that will enable you to be a better trader. In chart analysis, price movements are believed to follow trends. This means that after a trend has been established, the future price movement is more likely to be in the same direction as the trend than to be against it. Most technical trading strategies are based on this assumption.

Trading technical analysis is the study of past market price data to forecast the future direction of financial markets which generally includes futures, stocks, stock market indexes, bonds, currencies and commodities. Technical analysts search for levels of support and resistance where the market has previously paused or reversed. If the market is already trending up it implies that demand continues to over power supply. If the market is trending down it implies that supply is overwhelming demand. Technical traders like to follow the trend as a low risk strategy. If the market is trending down technical analysis teaches a trader to sell at resistance levels or the break of a support level to minimise risk.  

Another important idea in technical analysis is that history tends to repeat itself, mainly in terms of price movement. The repetitive nature of price movements is attributed to market psychology; in other words, market participants tend to provide a consistent reaction to similar market stimuli over time. Technical analysis uses chart patterns to analyze market movements and understand trends. Although many of these futures charts have been used for more than 100 years, they are still believed to be relevant because they illustrate patterns in price movements that often repeat themselves.

Some practitioners use day trading technical analysis which involves studying action on shorter time periods such as 60, 30 or 15 minute bar or candlestick charts. Day traders do not tend to hold positions over night as this carries a greater degree of risk and therefore they tend to use intra day technical analysis. Our daily forecasts are more targeted towards day trading as they are delivered every morning. Day trading tends to involve higher frequency of trades as traders take advantage of very short term moves throughout the day.

Longer term technical analysis tends to focus on day, week and monthly charts to establish the underlying trend of the market. Long or short term traders should avoid placing futures positions against the overall trend of the market. Using technical analysis traders can establish the trend that suits the time period in which they are trading and follow it accordingly.

The technical analysis of stocks involves studying individual company price charts but disregards the fundamentals of the business. It does not matter to those traders what the expected quarterly earnings are likely to be. They are only interested in the price trend and support and resistance levels. Those using stocks technical analysis may also study the stock market indexes to observe whether the forecast direction of the stock matches the forecast direction of the stock market indexes. This may include Dow Jones technical analysis as well as the broader S&P technical analysis. European stocks traders may wish to include study on Eurostoxx technical analysis, Dax technical analysis and FTSE technical analysis.

Forex technical analysis or FX technical analysis is the forecast of movements in the currency markets. Once again currency technical analysis is purely the study of past price movement of each currency pair. The fundamental news on the economic or political situation is regarded as already discounted in the price when performing  technical analysis of forex or technical analysis of fx markets with the forecast derived from the demand and supply picture painted in historic price data. Forex markets are amongst the most liquid and trade 24 hours a day all across the globe making technical analysis of currencies widely practised.

Commodity technical analysis focuses initially on the two most heavily traded commodity markets of technical analysis gold and technical analysis Oil. There are several markets around the world that allow Oil technical analysis as oil is traded on many futures exchanges. Gold technical analysis can be applied to the spot or futures price. Technical analysis gold has come in to focus as its price has rallied dramatically in recent years. Gold has now established a longer term up trend which some technical analysts believe can continue for more years to come.  

Technical analysis futures is now widely used among professional bank traders, hedge fund managers, active day traders, market makers, and pit traders. Most banks now employ a team of technical analysts to provide futures forecasts for their in house traders and corporate and retail customers. There are also many different types of technical traders. Some rely on chart patterns, others use technical indicators and oscillators, and most use some combination of the two to make a market forecast. Technical analysts exclusive use of historical price and volume data is what separates them from their fundamental counterparts. Unlike fundamental analysts, technical analysts don't care whether a stock, commodity, bond or index  is undervalued or overvalued- the only thing that matters is the markets past trading data and what information this data can provide about where the security might move in the future. Our technical analysis forecast is delivered daily.