Forex Technical Analysis & Forecasts

Even inexperienced traders know that serious analytical research is a guarantee for successful trading on the foreign exchange market. The Forex technical analysis assumes the market’s behavior investigation in the past, for the purpose of determination the trader’s optimal behavioral model and trading strategy. The Daily Forex technical analysis rely on assumption that the market possesses its own memory, hence, the future price move can be determined, grounding on the objective laws of the price behavior in the past.


Forex Technical Analysis & Forecast 23.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 23.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has broken 1.0780 upwards and may continue growing towards 1.0850 (an alternative scenario). However, taking into account that the pr...

Gold Tests Resistance Zone Ahead of Yellen’s Speech
Gold Tests Resistance Zone Ahead of Yellen’s Speech

Gold has rallied for six consecutive days since March 15, saw its longest bullish streak since January, after testing the significant support zone between 1195 – 1200 in mid-March. ...

Forex Technical Analysis & Forecast 22.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 22.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has broken the range to the upside and may grow towards 1.0850 (an alternative scenario). Right now, the instrument is consolidating....

Could USD/JPY Hold Above 111.00 ?
Could USD/JPY Hold Above 111.00 ?

USD/JPY hit the lowest level of 111.13 since November 23 this morning, breaking the short term major support line at 111.50. USD/JPY has turned bearish since March 15, saw its longe...

Forex Technical Analysis & Forecast 21.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 21.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed the descending structure and right now is forming the ascending one, which may be considered as the fourth wave. Possib...

EUR/USD Trades Below Major Resistance at 1.0800
EUR/USD Trades Below Major Resistance at 1.0800

EURUSD has strengthened since 15th March, breaking the significant resistance level at 1.0700, as a result of the sharp fall of the dollar caused by profit-taking pressure post the F...

Forex Technical Analysis & Forecast 20.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 20.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed the first descending impulse and right now is being corrected with the target at 1.0769. After that, the instrument may...

Forex Technical Analysis & Forecast 17.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has formed another consolidation range in the form of the Triangle pattern and broken it to the upside. Possibly, the price may grow ...

Can GBP/USD Hold Above 1.2400 ?
Can GBP/USD Hold Above 1.2400 ?

Sterling has seen its third consecutive session of gains last Friday, as a result of the weakening of the dollar and a MPC (Monetary Policy Committee) member, Kristin Forbes, voted t...

AUD/USD Trades at Significant Resistance Post a Substantial Surge
AUD/USD Trades at Significant Resistance Post a Substantial Surge

The Fed announced a rate hike by 25 basis points yesterday, with rates in a range of 0.75% to 1%, in line with market expectations. Fed Chair Yellen stated that It is appropriate to ...

Forex Technical Analysis & Forecast 16.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 16.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” Being influenced by the news, the EUR/USD pair has completed the fifth wave of the correction and reached 1.0740. At the moment, the market is consoli...

Can Gold Hold Above Near Term Major Support Post FOMC Meeting ?
Can Gold Hold Above Near Term Major Support Post FOMC Meeting ?

Spot gold hit the lowest level of 1194.91 since 31st Jan on 10th, and rebounded as the zone between 1195 – 1197 is the near term major support zone, where there is a stronger support...

Forex Technical Analysis & Forecast 15.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 15.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has reached the target of the descending structure and right now is forming the first ascending impulse with the target at 1.0630. Af...

Forex Technical Analysis & Forecast 14.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is falling towards 1.0620 and then may try to grow to reach 1.0660. After that, the instrument may continue falling inside the downtr...

GBP/USD Hits 8-week Low as UK Parliament Finally Passes Brexit Bill
GBP/USD Hits 8-week Low as UK Parliament Finally Passes Brexit Bill

The UK parliament has passed the Brexit bill. The House of Commons overturned the amendments proposed by the House of Lords that guarantees the rights of EU citizens in the UK and gi...

Forex Technical Analysis & Forecast 13.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 13.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has broken 1.0623 to the upside and may continue the correction (an alternative scenario). Possibly, the price may grow towards the l...

EUR/USD Retreats After Hitting 1.0700
EUR/USD Retreats After Hitting 1.0700

The US labour market data for February released last Friday outperformed. Contrasting with the better-than-expected labour market data, the dollar index plunged more than 70 points, ...

NZD/USD Tests Short Term Major Support Level Post Hitting a 9-Week Low
NZD/USD Tests Short Term Major Support Level Post Hitting a 9-Week Low

NZD/USD hit a 9-week low of 0.6889 yesterday. This month we have seen the longest NZD/USD bearish streak for this year. The significant level at 0.7000 was broken on 6th Mar. Howev...

Forex Technical Analysis & Forecast 10.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 10.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed another descending impulse and right now is being corrected towards 1.0602. After that, the instrument may fall to brea...

Crude Oil Inventories Reach a Record High, Oil Prices Hit a 14-week Low
Crude Oil Inventories Reach a Record High, Oil Prices Hit a 14-week Low

The US EIA Crude Oil inventories (for the week ending March 3), that were released yesterday, jumped to a record high of an 8.209 million rise, surpassing expectations of a 1.66 mill...


Technical Analysis - its Essence and Mission

Practically any trader knows that the Forex technical analysis is a wide-spread method in order to forecast the price change. The Daily Forex technical analysis is built by the trader on the charts of quotations change for certain periods of time. In other words, the Forex technical analysis means the quotation’s history research, by the instrumentality of which the users might determine the possible trend’s direction in the future.

Which Types and Elements of the Forex Technical Analysis Are the Most Important ?  

The present free Forex technical analysis is divided into several types. One of the most popular is the candlestick analysis. Its essence is to find in the quotation’s history the standard reversal patterns or trend continuation (“Head and Shoulders”, “Wedge”, “Double Top”, “Triangle”, etc.).  Appearance of any of the above mentioned figures on the chart means that the trader might forecast the future price move, as well as its possible breakout. Regarding the auxiliary elements of the present type of analysis, the Forex technical analysis indicators are the most significant ones, which can be found on any platform. There are various types of indicators therefore any trader may work out its own trading strategy for any instrument, grounding on the data of one or another indicator.  Exactly the Forex technical analysis & forecasts worth recommending for the novice traders, as its various automatic programs, indicators and expert advisors might be helpful and useful.