Forex Technical Analysis & Forecasts


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 1.0880 might fo...
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 range downwards,...
Technical Analysis & Forecast 14.03.2024
Technical Analysis & Forecast 14.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave towards 1.0963. Practically, the market has set the frames for a consolidation range. A decline link to 1....
Technical Analysis & Forecast 13.03.2024
Technical Analysis & Forecast 13.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair completed a decline wave to 1.0900 and corrected to 1.0941. Practically, the market set the frames for a consolidation range. A decline li...
Technical Analysis & Forecast 12.03.2024
Technical Analysis & Forecast 12.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave towards 1.0914. A correction link to 1.0941 is expected today. Practically, the market has set the frames for...
Technical Analysis & Forecast 11.03.2024
Technical Analysis & Forecast 11.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has extended a consolidation range upwards to 1.0980. A decline wave structure is forming towards 1.0918. Next, a growth link to 1.0949 is...
Technical Analysis & Forecast 07.03.2024
Technical Analysis & Forecast 07.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave to 1.0914. A consolidation range is expected to form around the 1.0899 level today. With a downward escape fro...
Technical Analysis & Forecast 06.03.2024
Technical Analysis & Forecast 06.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave, reaching a local target of 1.0875. Today a correction structure targeting 1.0839 (testing from above) is expe...
Technical Analysis & Forecast 05.03.2024
Technical Analysis & Forecast 05.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a growth wave to 1.0866. A correction structure to 1.0843 (testing from above) is expected today. Once the corre...
Technical Analysis & Forecast 04.03.2024
Technical Analysis & Forecast 04.03.2024
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave, reaching 1.0799. Amid the news, the market received support at this level, creating upward momen...

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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