Forex Technical Analysis & Forecasts


Technical Analysis & Forecast 28.03.2024
Technical Analysis & Forecast 28.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0823. By now, it has expanded the range downwards to 1.0808. Today the mar...
Technical Analysis & Forecast 27.03.2024
Technical Analysis & Forecast 27.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair corrected to 1.0863 and performed a decline wave to 1.0820. A consolidation range is currently forming above this level. With ...
Technical Analysis & Forecast 26.03.2024
Technical Analysis & Forecast 26.03.2024
EURUSD, “Euro vs US Dollar” EURUSD has broken above the 1.0829 level and continues to develop a correction, with the correction target at 1.0861. Once the correction is o...
Technical Analysis & Forecast 25.03.2024
Technical Analysis & Forecast 25.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave towards 1.0817, practically reaching the estimated target of the wave. Currently, the market is f...
Technical Analysis & Forecast 22.03.2024
Technical Analysis & Forecast 22.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair dropped to 1.0888. By now, a narrow consolidation range has formed around this level. Escaping the range downwards today, the ...
Technical Analysis & Forecast 21.03.2024
Technical Analysis & Forecast 21.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair gained support at the 1.0836 level from the news and started developing a correction. A growth link towards 1.0940 could follo...
Technical Analysis & Forecast 20.03.2024
Technical Analysis & Forecast 20.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0834. A correction link towards 1.0875 could follow. Once this correction is over, a new dec...
Technical Analysis & Forecast 19.03.2024
Technical Analysis & Forecast 19.03.2024
EURUSD, “Euro vs US Dollar” EURUSD has expanded a consolidation range towards 1.0905 and broken below the 1.0880 level today. A decline towards 1.0852 is expected, follow...
Technical Analysis & Forecast 18.03.2024
Technical Analysis & Forecast 18.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a consolidation range around 1.0880. Today it is expected to extend to 1.0865. Next, a growth link to 1.0...
Technical Analysis & Forecast 15.03.2024
Technical Analysis & Forecast 15.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave to 1.0878. A consolidation range could form around this level today. With an escape from the rang...

Technical analysis is an effective tool of 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.

The Most Important Types and Elements of Technical Analysis

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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