On March 26, 2013, I had the pleasure of meeting with several people from OANDA at a press conference held in New York City. The OANDA Corporation is a financial services provider of currency conversion, online retail foreign exchange (forex) trading, online foreign currency transfers, and forex information.
At that time, the company announced a significant update to their OANDA fxTrade mobile app for Android devices, iPhones and iPads. Not being a financial person did not keep Trevor Young vice president of product management, at OANDA from walking me through the app. It is simple to use and very intuitive. I was able to get information on my own.
This morning, OANDA announced some enhancements to the technical analysis features built into the industry leading fxTrade Mobile applications for iPhone, iPad, and Android devices. The new features in version 3.2 will allow OANDA’s clients to draw trend lines, mark chart patterns and identify support and resistance levels on currencies and financial instruments anywhere they go, at any time.
Trevor said, “With the release of fxTrade Mobile 3.2 not only is OANDA maintaining its leadership in mobile forex trading capabilities, we’re bringing traders even closer to the full desktop version of our award-winning fxTrade platform on a mobile device. We know from the feedback we’ve received from OANDA’s clients, and from their mobile trading behavior, that they want a robust platform at their fingertips. They want to be able to do more than merely check on their positions or to take a peek at the latest currency pair spreads. By providing our clients with superior technical analysis functionality, we’re responding to that demand.”
In July, there were a few other enhancements made to March’s release version. Those included the addition of several new chart types, indicators, and the Ichimoku overlay designed to help traders identify trends in the market. Ichimoku Kinko Hyo, which is usually just referred to as Ichimoku, is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves.
According to OANDA, fxTrade Mobile 3.2 also gives traders the ability to draw more advanced things such as Fibonacci Fans, Arcs, and Pivot Points. The latest version of the app also features Japanese language support.
The release today in New York comes on the heels of this past Friday’s release in Singapore by OANDA Asia Pacific.
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