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 20.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 20.01.2017 (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 1.0707. After that, the instrument may fall to reach 1.0630, thus continuing the current consolidation. If later t...

Cautious Gold on Trump’s Inauguration
Cautious Gold on Trump’s Inauguration

Today is Donald Trump’s inauguration day, the ceremony will take place in Washington D.C. Donald Trump will officially become the 45th president of the United States. Gold prices ha...

Cautious EURUSD Ahead of ECB Press Conference
Cautious EURUSD Ahead of ECB Press Conference

The dollar and the US government bond yields surged last night as the Fed president Janet Yellen’s speech to the Commonwealth Club in San Francisco. Yellen stated that the nation is ...

Forex Technical Analysis & Forecast 19.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 19.01.2017 (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 towards the target at 1.0600. Possibly, today the price may rebound from 1.0665 to the downside to reach the targe...

GBPUSD Retreats Post Surge on Theresa May’s Hard Brexit Speech
GBPUSD Retreats Post Surge on Theresa May’s Hard Brexit Speech

Trump stated on Tuesday that a strong dollar is risky to the US economy, as it weakens competitiveness of US exports and corporate profits. A senior adviser to Trump also warned tha...

Forex Technical Analysis & Forecast 18.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.01.2017 (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 moving upwards. The local target is at 1.0750. After that, the instrument may fall towards 1.0600 to test it from above. In fact, ...

Forex Technical Analysis & Forecast 17.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.01.2017 (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 entire descending wave along with the correction. Possibly, today the price may fall to break 1.0580. the local tar...

Sterling Struggles Ahead of Theresa May’s Speech
Sterling Struggles Ahead of Theresa May’s Speech

Theresa May will make a speech outlining her plans for Brexit tomorrow, Tuesday 17th Jan, before the UK triggers Article 50 to leave the EU. The key points of her speech will includ...

Forex Technical Analysis & Forecast 16.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 16.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for January 16th, 2017 EUR USD, “Euro vs US Dollar” The trading session has been opened with a gap to the downside; right now, the EUR/USD pair is consolidating. The m...

USDJPY turns Consolidation towards Downtrend?
USDJPY turns Consolidation towards Downtrend?

The strong bullish momentum of USDJPY post the US presidential election has waned since mid-December, a consolidation pattern has been formed thereafter. On 5th Jan, a long bearish ...

Forex Technical Analysis & Forecast 13.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 13.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for January 13th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair has attempted to break the high. An alternative scenario suggests that the market may continue gro...

Japanese Candlesticks Analysis 13.01.2017 (EUR/USD, USD/JPY)
Japanese Candlesticks Analysis 13.01.2017 (EUR/USD, USD/JPY)

Analysis for January 13th, 2017 EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bearish High Waves pattern indicated a descending correction. The closest Window is a ...

Japanese Candlesticks Analysis 12.01.2017 (EUR/USD, USD/JPY)
Japanese Candlesticks Analysis 12.01.2017 (EUR/USD, USD/JPY)

Analysis for January 12th, 2017 EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, Engulfing Bullish pattern indicated an ascending movement. The closest Window is a res...

Fibonacci Retracements Analysis 12.01.2017 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 12.01.2017 (EUR/USD, EUR/GBP)

Analysis for January 12th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is testing the group of fibo-levels near the correctional retracement of 61.8%. if the price rebou...

Forex Technical Analysis & Forecast 12.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 12.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for January 12th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair has completed the ascending structure and right now is consolidating around 1.0590. Possibly, toda...

Fibonacci Retracements Analysis 11.01.2017 (EUR/USD, EUR/GBP)
Fibonacci Retracements Analysis 11.01.2017 (EUR/USD, EUR/GBP)

Analysis for January 11th, 2017 EUR USD, “Euro vs US Dollar” After rebounding from the group of upside fibo-levels three times, the EUR/USD pair resumed falling. It’s highly li...

Japanese Candlesticks Analysis 11.01.2017 (EUR/USD, USD/JPY)
Japanese Candlesticks Analysis 11.01.2017 (EUR/USD, USD/JPY)

Analysis for January 11th, 2017 EUR USD, “Euro vs. US Dollar” At the H4 chart of EUR USD, bearish Harami pattern indicates a descending movement. Three Line Break chart shows a...

Forex Technical Analysis & Forecast 11.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 11.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Analysis for January 11th, 2017 EUR USD, “Euro vs US Dollar” The EUR/USD pair is consolidating at the top of the ascending structure; it has formed another descending impulse. ...

Dollar Turn-around on Trump’s Press Conference
Dollar Turn-around on Trump’s Press Conference

President Elect Trump’s first press conference after his victory in the US presidential election, was held yesterday around at 16:00 GMT. It has caused great volatility to the dolla...

Gold Nears Major Resistance Ahead of Trump’s Press Conference
Gold Nears Major Resistance Ahead of Trump’s Press Conference

Gold prices have rebounded since mid-Dec after testing the significant support line at 1120. On the 4 hourly chart, gold bullish momentum has been strengthened since the beginning of...


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.