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 24.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 24.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” Being under pressure, the EUR/USD pair is moving upwards. Possibly, the correction may continue to reach 1.0640. At the moment, the price is expected ...

Forex Technical Analysis & Forecast 23.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 23.02.2017 (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 wave and right now is forming a new ascending impulse. Possibly, today the price may reach 1...

Forex Technical Analysis & Forecast 22.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 22.02.2017 (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 forming the fifth descending wave with the target at 1.0500. Possibly, today the price may test 1.0560 from below. Later, in our o...

Forex Technical Analysis & Forecast 21.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 21.02.2017 (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 forming the fifth descending wave with the target at 1.0500; the instrument has already completed the first structure of this wave...

Can EUR/JPY Hold Avobe the Uptrend Line Support ?
Can EUR/JPY Hold Avobe the Uptrend Line Support ?

We will see the release of a series of Markit PMI figures in Feb in the early European session today. German Manufacturing, Services, and Composite PMIs, at 08:30 GMT, followed by th...

Forex Technical Analysis & Forecast 20.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 20.02.2017 (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 started forming the fifth descending wave with the target at 1.0500. Possibly, today the price may complete the first part of thi...

AUD/USD Bull Nears Mid-Term Major Resistance Zone
AUD/USD Bull Nears Mid-Term Major Resistance Zone

AUD/USD has turned bullish since early January, as a result of the retracement of the dollar and the rebound of commodity prices. The Aussie has been one of the best currency perform...

Forex Technical Analysis & Forecast 17.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.02.2017 (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 correction and right now is consolidating at the top of the ascending wave. Possibly, today the price m...

Gold Nears the Near Term Major Resistance
Gold Nears the Near Term Major Resistance

The dollar index plunged 0.61% on Thursday 16th Feb, fell to a 1-week low of 100.38. Despite the better-than-expected US housing market data (Jan) and the initial jobless claims (fo...

Forex Technical Analysis & Forecast 16.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 16.02.2017 (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 local target of the descending wave and right now is being corrected. Possibly, the price may grow towards 1.0658 to ...

GBP/USD Trades Below Convergence of Two Major Resistances
GBP/USD Trades Below Convergence of Two Major Resistances

GBP/USD has rebounded since 16th January, trading above the downside short-term major uptrend line support. However, the bullish momentum has waned since early February, as a result...

Yellen Hawkish Testimony Weigh on EUR/USD
Yellen Hawkish Testimony Weigh on EUR/USD

The Fed Chair Yellen made her first day of her testimony before the Congress at 15:00 GMT on Tuesday 14th Feb, which was the first testimony she did after Trump took office. She ado...

Forex Technical Analysis & Forecast 15.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 15.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” The EUR/USD pair continues forming its descending wave; in fact, it’s the third wave inside the downtrend with the local target at 1.0550. Possibly, t...

GBPJPY Retreats as Trading Below Downtrend Line Resistance
GBPJPY Retreats as Trading Below Downtrend Line Resistance

A series of important EU and UK economic figures were released this morning. The Eurozone’s economic engine, Germany, has seen its 2016 Q4 GDP first readings rose to 0.4% q/q, from 0...

Forex Technical Analysis & Forecast 14.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.02.2017 (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 still being corrected towards 1.0660. Later, in our opinion, the market may continue falling inside the downtrend to reach the loc...

EURUSD Trades above Support Ahead of German and Eurozone Q4 GDP
EURUSD Trades above Support Ahead of German and Eurozone Q4 GDP

Tomorrow we will see the release of the German 2016 Q4 GDP first readings (YoY and QoQ) at 07:00 GMT, and the Eurozone 2016 Q4 GDP second readings (YoY and QoQ) at 10:00 GMT. The Ger...

Forex Technical Analysis & Forecast 13.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 13.02.2017 (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 growing towards 1.0660. Later, in our opinion, the market may fall to reach 1.0604 and then move upwards with the target at 1.0660...

Forex Technical Analysis & Forecast 10.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 10.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” Being under pressure, the EUR/USD pair is moving downwards. Possibly, today the price may reach 1.0633 and then return to 1.0673. After that, the inst...

USDJPY Rebounds and Tests Major Downtrend Line Resistance
USDJPY Rebounds and Tests Major Downtrend Line Resistance

The Chicago Fed President Charles Evans, a FOMC voting member, made a speech yesterday. Evans is regarded as a dove in the FOMC. He stated that he supports gradual interest rate hike...

NZDUSD Tests Key Support Post Fall on Dovish RBNZ
NZDUSD Tests Key Support Post Fall on Dovish RBNZ

Wednesday 8th Feb, at 22:00 GMT, the Reserve Bank of New Zealand (RBNZ) announced the Interest rates remain unchanged at a record low of 1.75%, in line with expectations. The RBNZ ad...


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.