Forex Technical Analysis & Forecasts


FxPro Forex Analysis: FTSE 100 and DAX Analysis – February 19, 2018
FxPro Forex Analysis: FTSE 100 and DAX Analysis – February 19, 2018

U.S. markets are closed today for Presidents’ Day so European markets are struggling for direction. With lighter trading volumes anticipated there are likely to be few trading trigg...

FxPro Forex Analysis: Gold and GBPUSD Analysis – February 19, 2018
FxPro Forex Analysis: Gold and GBPUSD Analysis – February 19, 2018

The precious metal has broken out from its descending wedge around 1331.00 and moved higher to create a lower high at 1361.80.The price then dropped back lower to support at 1344.16....

Forex Technical Analysis & Forecast 19.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 19.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD continues falling; right now, it is forming the first impulse to reach 1.2360. The target of this entire wave is at 1.2200.Risk Warning: the results...

FxPro Forex Analysis: GBPCAD and USDJPY Analysis – February 16, 2018
FxPro Forex Analysis: GBPCAD and USDJPY Analysis – February 16, 2018

The GBPCAD pair is currently holding above 1.75000, attempting to break out to new highs above 1.76590. Trendline resistance is at 1.77279, with 1.77500 and 1.77815 further up before...

FxPro Forex Analysis: NZDUSD and AUDNZD Analysis – February 16, 2018
FxPro Forex Analysis: NZDUSD and AUDNZD Analysis – February 16, 2018

The New Zealand Dollar has continued to strengthen after the Reserve Bank of New Zealand’s (RBNZ) latest survey of inflation expectations was released on Wednesday. The survey reveal...

Forex Technical Analysis & Forecast 16.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 16.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has formed another consolidation range and broken it upwards; right now, it is still moving upwards. Possibly, the price may reach 1.2562 and then f...

FxPro Forex Analysis: A Terrible Week for the Dollar as Yen and Euro Display Growth
FxPro Forex Analysis: A Terrible Week for the Dollar as Yen and Euro Display Growth

The dollar is down 2.2% since the start of this week in what’s come to be the currency’s worst performance in two years, with USDX falling to 88.15 in a new three-year low. Strong ma...

FxPro Forex Analysis: AUDUSD and USDZAR Analysis – February 15, 2018
FxPro Forex Analysis: AUDUSD and USDZAR Analysis – February 15, 2018

The Australian Dollar advanced after labour statistics showed the jobs market down under remained strong. The Australian Bureau of Statistics reported jobs growth of 16,000 against a...

FxPro Forex Analysis: EURGBP and Silver Analysis – February 15, 2018
FxPro Forex Analysis: EURGBP and Silver Analysis – February 15, 2018

The EURGBP pair is testing resistance at 0.89000 once again. There is resistance from this level up to 0.90500, with probes into this area over recent months failing and dropping bac...

Forex Technical Analysis & Forecast 15.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 15.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has finished another ascending correctional wave. Today, the price may consolidate at the top. If later the instrument breaks this range to the down...

FxPro Forex Analysis: U.S. Inflation Worry Seems Unfounded
FxPro Forex Analysis: U.S. Inflation Worry Seems Unfounded

The last 24 hours have seen no drastic changes in the overall mood of market participants. In equity markets cautious purchases prevail, while in the foreign exchange market the U.S....

FxPro Forex Analysis: BTCUSD and LTCUSD Analysis – February 14, 2018
FxPro Forex Analysis: BTCUSD and LTCUSD Analysis – February 14, 2018

Cryptocurrencies are attempting to recover from deep losses experienced over the last month. There has been a flow of negative news and regulatory concerns that have affected sentime...

FxPro Forex Analysis: US 500 and USDCAD Analysis – February 14, 2018
FxPro Forex Analysis: US 500 and USDCAD Analysis – February 14, 2018

The US stock index is in a holding pattern as we await US Inflation and Retail Sales data at 13:30 GMT today. The market has managed to grind higher and break above its Blue downtren...

Forex Technical Analysis & Forecast 14.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has finished another ascending wave. Today, the price may consolidate at the top. If later the instrument breaks this range to the downside, the mar...

FxPro Forex Analysis: US WTI Oil and USDJPY Analysis – February 13, 2018
FxPro Forex Analysis: US WTI Oil and USDJPY Analysis – February 13, 2018

The International Energy Agency (IEA) today published their forecast for oil demand growth in 2018 at 1.4 million bpd from a previous projection of 1.3 million bpd. However, the boos...

FxPro Forex Analysis: GER 30 and EURJPY Analysis – February 13, 2018
FxPro Forex Analysis: GER 30 and EURJPY Analysis – February 13, 2018

The German 30 Index has settled down over the last number of hours into a trading range between 12400.00 and 12200.00. This follows the highly volatile moves since the start of the m...

FxPro Forex Analysis: Bitcoin Finds Resistance at $9,000
FxPro Forex Analysis: Bitcoin Finds Resistance at $9,000

Cryptocurrencies are following a sideways trend. On the one hand, we’ve seen some crypto-investor relief after SEC and CFTC representatives at the U.S. Senate hearing unequivocally d...

Forex Technical Analysis & Forecast 13.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 13.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is moving upwards and forming the third correctional wave; it has formed a continuation pattern near 1.2283. The target of the wave is at 1.2333. Af...

FxPro Forex Analysis: AUDUSD and EURUSD Analysis – February 12, 2018
FxPro Forex Analysis: AUDUSD and EURUSD Analysis – February 12, 2018

The AUDUSD pair has broken its downward sloping trend line from the last ten days, after testing support at 0.77600. Resistance is now found at 0.78430 and 0.78566. The 50-period MA ...

FxPro Forex Analysis: FTSE 100 and GBPUSD Analysis – February 12, 2018
FxPro Forex Analysis: FTSE 100 and GBPUSD Analysis – February 12, 2018

The FTSE 100 index managed to rebound without visiting the lows of 6915 after a volatile session on Friday. This morning, global equity markets have opened with bullish sentiment. I...


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.   

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