Forex Technical Analysis & Forecasts


Technical Analysis & Forecast 26.09.2023
Technical Analysis & Forecast 26.09.2023
EURUSD, “Euro vs US Dollar”EURUSD has completed a wave of decline to 1.0575. Today a consolidation range could develop above this level. A link of growth to 1.0616 (a test from below...
Technical Analysis & Forecast 25.09.2023
Technical Analysis & Forecast 25.09.2023
EURUSD, “Euro vs US Dollar”EURUSD continues to develop a consolidation range around 1.0646. Today the range could expand upwards to 1.0677. A link of decline to 1.0606 is expected ne...
Technical Analysis & Forecast 22.09.2023
Technical Analysis & Forecast 22.09.2023
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of decline to 1.0616. Today the market might develop a correction to 1.0686. After it is over, a new declining mov...
Technical Analysis & Forecast 21.09.2023
Technical Analysis & Forecast 21.09.2023
EURUSD, “Euro vs US Dollar” EURUSD got supported at 1.0670 and performed a link of corrective growth to 1.0735. Upon reaching this level, and with the current fundamental...
Technical Analysis & Forecast 20.09.2023
Technical Analysis & Forecast 20.09.2023
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of growth to 1.0716. Today the market is forming a wave of decline to 1.0660. After the price reaches this level, ...
Everything is at standstill ahead of Fed meeting. 20.09.2023
Everything is at standstill ahead of Fed meeting. 20.09.2023
The major currency pair is as motionless on Wednesday as it was on Tuesday. The current EURUSD exchange rate stands at 1.0684.Today is the most crucial day of the month as it marks t...
Technical Analysis & Forecast 19.09.2023
Technical Analysis & Forecast 19.09.2023
EURUSD, “Euro vs US Dollar” EURUSD has completed a wave of growth to 1.0697. At the moment, the market is consolidating under this level. The consolidation range might ex...
Technical Analysis & Forecast 18.09.2023
Technical Analysis & Forecast 18.09.2023
EURUSD, “Euro vs US Dollar” EURUSD has completed a declining wave to 1.0631. By now, it has performed a link of growth to 1.0686. A decline to 1.0648 is expected today. P...
Technical Analysis & Forecast 15.09.2023
Technical Analysis & Forecast 15.09.2023
EURUSD, “Euro vs US Dollar” EURUSD completed correction and went on developing its wave of decline. By now, it has performed a link of decline to 1.0633. Today the market...
Technical Analysis & Forecast 14.09.2023
Technical Analysis & Forecast 14.09.2023
EURUSD, “Euro vs US Dollar” EURUSD continues developing a correction to 1.0777. After the quotes reach this level, they could drop to 1.0676. This is a local target. Afte...

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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