Forex Technical Analysis & Forecasts


FxPro Forex Analysis: AUDUSD Wave Analysis – June 22, 2018
FxPro Forex Analysis: AUDUSD Wave Analysis – June 22, 2018

• AUDUSD reversed from support area • Further gains are likely AUDUSD recently reversed up sharply from the powerful the support area lying between strong, multi-month supp...

FxPro Forex Analysis: Soy Wave Analysis – June 22, 2018
FxPro Forex Analysis: Soy Wave Analysis – June 22, 2018

• Soy reversed from support area • Further gains are likely Soy recently reversed up sharply from the support area lying between the major support level 8.5250 (which previously reve...

FxPro Forex Analysis: GBPCAD Analysis – June 22, 2018
FxPro Forex Analysis: GBPCAD Analysis – June 22, 2018

This pair found support at 1.70560 and has rallied back to resistance around 1.76620 as it attempts to go on to retest the blue trend line at 1.77700. The BOE decision yesterday push...

FxPro Forex Analysis: DAX and FTSE 100 Analysis – June 22, 2018
FxPro Forex Analysis: DAX and FTSE 100 Analysis – June 22, 2018

European stock indices are under pressure due to the threat of euro-sceptic policies in Italy and the impact of protectionism on a global economy. Trade tension remained in focus as ...

FxPro Forex Analysis: USDJPY Analysis – June 22, 2018
FxPro Forex Analysis: USDJPY Analysis – June 22, 2018

The USDJPY pair is trending back higher after dipping back to test the 108.000 zone as support. The price is consolidating around the 110.000 level with bulls and bears battling for ...

Forex Technical Analysis & Forecast 22.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 22.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has failed to fix below 1.1530; it has formed a new ascending impulse and may choose an alternative scenario to continue the correction....

FxPro Forex Analysis: GBPNZD Wave Analysis – June 21, 2018
FxPro Forex Analysis: GBPNZD Wave Analysis – June 21, 2018

• GBPNZD broke key resistance level 1.9250 • Further gains are likely GBPNZD continues to rise inside the short-term impulse wave (iii), which started earlier from the support area l...

FxPro Forex Analysis: Natural Gas Wave Analysis – June 21, 2018
FxPro Forex Analysis: Natural Gas Wave Analysis – June 21, 2018

• Natural Gas reversed from support area • Further gains are likely Natural Gas recently reversed up from the support area lying between the pivotal support level 2.870 (which has be...

FxPro Forex Analysis: EURGBP Analysis – June 21, 2018
FxPro Forex Analysis: EURGBP Analysis – June 21, 2018

This pair is reversing the drop lower after the ECB announcement. The pair has traded above 0.88000 yesterday and was using its 50 period 4 hour moving averages as support in an atte...

FxPro Forex Analysis: German 30 Analysis – June 21, 2018
FxPro Forex Analysis: German 30 Analysis – June 21, 2018

The German 30 Index is under pressure again today after last week’s rally faded. The index broke above resistance at 12950.00 and 13000.00 before falling short of the 13200.00 level....


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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