Global forex broker OANDA partners with FinGraphs to launch a new tool for technical analysis that identifies trends in three time frequencies: short, medium and long term. The service is available for free for OANDA users for 7 days, after which they can opt to subscribe to it on a monthly basis.
It is a busy week in OANDA, which just replaced its CEO. For more about the new service, here is the press release:
LONDON – December 4, 2013 – OANDA, a global provider of innovative foreign exchange trading services, has partnered with FinGraphs to provide currency traders who use technical analysis in their trading strategies an automated application that provides real-time analysis of multiple financial instruments including forex, precious metals, and contracts for difference (CFDs).
The FinGraphs for OANDA technical analysis tool spans investment horizons ranging from several years to intraday or intra-hours. The web-based application provides automated price trend identification viewable in three time frequencies (“Markets in 3D”: short-, medium-, and long-term) with a focus on defining investment horizons, identifying possible trends, price targets, and potential market stress.
Designed specifically for OANDA’s retail forex traders, FinGraphs for OANDA is available to all fxTrade clients worldwide for a free seven-day trial. Thereafter, OANDA’s clients will be offered the service on a monthly subscription basis. Moreover, OANDA’s clients can trade directly from the FinGraphs analysis screen without navigating away from the page by using the innovative fxTradeNOW bookmarklet.
“Trading forex is difficult and there are many risks. An automated technical analysis solution such as FinGraphs for OANDA assists investors by providing them with an important tool that will help them identify emerging trends,” said George Nassar, Product Management, OANDA Corporation. “This solution offers OANDA’s trading clients an integrated, scalable, and adaptable way to stay atop the volatile forex market.”
The FinGraphs for OANDA solution is part of OANDA’s burgeoning industry partnership program.
“We are proud and excited to partner with an award-winning forex broker like OANDA and to see our FinGraphs instrument offered to OANDA’s clients,” said Jean-François Owczarczak, Director of Management Joint Trust SA, the Switzerland-based firm that launched FinGraphs. “The FinGraphs for OANDA solution deploys an automated methodology that will provide investors with a unique decision-making tool.”
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