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.


Fibonacci Retracements Analysis 02.12.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 02.12.2016 (EUR/USD, EUR/GBP)

Analysis for December 2nd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating. Yesterday, the price couldn’t reach the retracement of 23.6% and reverse to the...

Forex Technical Analysis 02.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 02.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for December 2nd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still moving in the fifth ascending structure to reach the target at 1.0700. Possibly, the market ma...

Gold To Test Support With NFP
Gold To Test Support With NFP

Gold prices have turned bearish since the US presidential election date, as a result of the strengthening of the dollar, the mid-term major support line at 1200 was broken. The bette...

Forex Technical Analysis 01.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 01.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for December 1st, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is forming the fifth ascending structure to reach 1.0700. After that, the instrument may be corrected t...

Fibonacci Retracements Analysis 30.11.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 30.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 30th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. The closest target is the retracement of 23.6%. If the market rebounds from ...

Forex Technical Analysis 30.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 30.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for November 30th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is forming another ascending structure to reach 1.0700. After that, the instrument may be corrected to...

Fibonacci Retracements Analysis 29.11.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 29.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 29th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating. It’s highly likely that in the nearest future the price may resume the ascendi...

GBPUSD Surged, EURGBP Holds Above Major Support
GBPUSD Surged, EURGBP Holds Above Major Support

GBP/USD has turned bullish, and been trading above the downside uptrend line support since 25th October, due to the strengthening of the Sterling. This morning we saw the release...

Forex Technical Analysis 29.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 29.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for November 29th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is forming the fourth correctional structure; it has already reached the closest target of this correc...

Fibonacci Retracements Analysis 28.11.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 28.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 28th, 2016 EUR USD, “Euro vs US Dollar” It’s highly likely that the EUR/USD pair started an ascending correction. The closest target is the correctional retrac...

Dollar Correction, Time For USDJPY and EURUSD to Consolidate?
Dollar Correction, Time For USDJPY and EURUSD to Consolidate?

USD/JPY has seen a substantial gain of 7.68% since the US presidential election, due to the firming of the dollar. The price has been moving along the downside uptrends line support...

Forex Technical Analysis 28.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 28.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for November 28th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair has extended the second ascending impulse and formed a continuation pattern at 1.0597. We think, today...

Fibonacci Retracements Analysis 25.11.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 25.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 25th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. In the nearest future, the market may resume falling to reach its downside t...

Can EURJPY and GBPJPY Break Major Resistances ?
Can EURJPY and GBPJPY Break Major Resistances ?

EUR/JPY has turned bullish since the US presidential election date, trading above the uptrend line support, as a result of the weakening of the yen. From 9th to 24th November, the b...

Forex Technical Analysis 25.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 25.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for November 25th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair has formed the ascending impulse. Later, in our opinion, the market may fall towards 1.0565 and then f...

Fibonacci Retracements Analysis 24.11.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 24.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 24th, 2016 EUR USD, “Euro vs US Dollar” Yesterday, the EUR/USD pair broke the local low. The closest target is still the group of downside retracements at 1.04...

Nikkei and AUS200 Indices Near Major Resistance
Nikkei and AUS200 Indices Near Major Resistance

The Nikkei 225 Index has seen a substantial rally of 7.24%, since the US presidential election, as a result of the weakening of the yen, boosting Japanese exports. The price has bee...

Forex Technical Analysis 24.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis 24.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for November 24th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair hasn’t been able to form another ascending impulse. The instrument has broken 1.0600 and right now con...

Can OPEC Meeting Help WTI Break Major Resistance ?
Can OPEC Meeting Help WTI Break Major Resistance ?

OPEC will hold the next meeting in Vienna on 30th Nov, discussing about further details regarding output freeze. Due to the market expectations on the likely agreement after the mee...

Fibonacci Retracements Analysis 23.11.2016 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 23.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 23rd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is consolidating. The closest target is the group of downside retracements at 1.0450. If later the pri...


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.