Forex Technical Analysis & Forecasts


Gold Nudges Up Ahead of US Q1 GDP
Gold Nudges Up Ahead of US Q1 GDP

Spot gold has seen a 1.56% retracement over past two weeks after hitting its highest level of 1295.37 last seen on November 9th 2016. That said, this retracement has held above the s...

Forex Technical Analysis & Forecast 28.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 28.04.2017 (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 to reach 1.0833. Later, in our opinion, the market may be corrected towards 1.0882 and then form another descending wave w...

EUR/USD Trades Below 1.0900 Post the ECB Conference
EUR/USD Trades Below 1.0900 Post the ECB Conference

The outcome of the first-round voting of the French presidential election pushed EUR/USD up, touching the highest level of 1.0950 on April 26 since November 10. EUR/USD has been cons...

Forex Technical Analysis & Forecast 27.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 27.04.2017 (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 impulse along with the correction. Possibly, the price may form another descending structure as the thir...

S & P 500 Bulls Test Major Resistance Ahead of Trump’s Tax Reform
S & P 500 Bulls Test Major Resistance Ahead of Trump’s Tax Reform

Last week the US President Trump stated on twitter that he will “unveil his major tax reform plan on Wednesday April 26”. The recent reported US Q1 corporate earnings have been outpe...

Forex Technical Analysis & Forecast 26.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 26.04.2017 (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 forming its ascending structure. We think, today the price may reach 1.0962 and then fall towards 1.0907. All possible exten...

Forex Technical Analysis & Forecast 25.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 25.04.2017 (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 consolidating. We think, today the price may fall towards 1.0820 and then return to 1.0870. Later, in our opinion, the market may ...

Forex Technical Analysis & Forecast 24.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 24.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” In response to the presidential elections results in France, the EUR/USD pair has skyrocketed; in fact, it has formed the Double Top pattern and right...

EUR/USD Consolidates Post French Election Surge
EUR/USD Consolidates Post French Election Surge

EUR/USD has rebounded since April 11, as a result of the weakening of the dollar. The outcome of the first-round voting of the French presidential election was revealed on Sunday nig...

EUR/GBP Tests Major Support Ahead of the French Election
EUR/GBP Tests Major Support Ahead of the French Election

EUR/GBP has retraced since March 13. Tuesday April 18, EUR/GBP hit the lowest level of 0.8312 since December 5, due to the UK early general election shock. However, the downtrend w...

Forex Technical Analysis & Forecast 21.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 21.04.2017 (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 upside target; it has already finished the descending impulse and broken its low. We think, today the price may...

USD/JPY Hovers Above Support Ahead of French Election
USD/JPY Hovers Above Support Ahead of French Election

Monday April 17, USD/JPY hit the lowest level of 108.12 since November 15, as a result of the strengthening of the yen on markets’ safe haven demand. However, the bearish attempt wa...

Forex Technical Analysis & Forecast 20.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 20.04.2017 (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 being corrected. We think, today the price may reach 1.0695 and then grow towards the local target at 1.0763. After that, the inst...

EUR/JPY Bulls Broke Major Downtrend Line Resistance
EUR/JPY Bulls Broke Major Downtrend Line Resistance

EURJPY had been trading along the upside short-term downtrend line resistance since March 22, saw a record losing streak. It was caused by the strengthening of the yen pushed up by m...

Forex Technical Analysis & Forecast 19.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 19.04.2017 (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 ascending structure. We think, today the price may consolidate and form reversal patterns. Possibly, th...

Forex Technical Analysis & Forecast 18.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.04.2017 (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 its consolidation range to the upside and completed another ascending structure along with the descending impulse. Possibl...

GBP/USD Nears Mid-Term Major Resistance  After Theresa May Calls Early General Election
GBP/USD Nears Mid-Term Major Resistance After Theresa May Calls Early General Election

The UK Prime Minister Theresa May made a speech this morning at 10 Downing Street. She stated that the Cabinet had agreed to call an early general election, to be held on June 8. Th...

Forex Technical Analysis & Forecast 17.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.04.2017 (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 consolidating around 1.0615; this structure may be considered as a downside continuation pattern with the target at 1.0555. ...

Forex Technical Analysis & Forecast 14.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar” So far, the EUR/USD pair has completed only three structures of the correctional wave. An alternative scenario implies that today the price may contin...

Forex Technical Analysis & Forecast 13.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 13.04.2017 (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 its consolidation range to the upside and may continue the current correction towards 1.0707. Possibly, today the price ma...


Technical analysis is an irreplaceable tool of effective trading

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.

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.