Forex Technical Analysis & Forecasts


Forex Technical Analysis & Forecast 18.09.2020
Forex Technical Analysis & Forecast 18.09.2020
EURUSD, “Euro vs US Dollar”After updating its previous low and testing the long-term support level, EURUSD has formed the ascending structure towards the mid-term resista...
Forex Technical Analysis & Forecast 17.09.2020
Forex Technical Analysis & Forecast 17.09.2020
EURUSD, “Euro vs US Dollar”After re-testing the mid-term resistance level at 1.1869, EURUSD failed to reach the resistance line of a Triangle pattern at 1.1896. However, the pair has...
Forex Technical Analysis & Forecast 16.09.2020
Forex Technical Analysis & Forecast 16.09.2020
EURUSD, “Euro vs US Dollar”After updating its local highs and then correcting to break the support area at 1.1852, EURUSD has formed another support line at 1.1832; right...
Forex Technical Analysis & Forecast 15.09.2020
Forex Technical Analysis & Forecast 15.09.2020
EURUSD, “Euro vs US Dollar”EURUSD is no longer consolidating within a Triangle pattern; after reaching 1.1890, it has broken this level to the upside. At the moment, the ...
Forex Technical Analysis & Forecast 14.09.2020
Forex Technical Analysis & Forecast 14.09.2020
EURUSD, “Euro vs US Dollar”EURUSD is consolidating within a Triangle pattern. After testing the pattern’s downside border, the pair may grow to test the key resista...
Forex Technical Analysis & Forecast 11.09.2020
Forex Technical Analysis & Forecast 11.09.2020
EURUSD, “Euro vs US Dollar”The currency pair is developing a downtrend, correcting the preceding medium-term uptrend. Yesterday the market demonstrated an inner pullback ...
Fibonacci Retracements Analysis 10.09.2020 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 10.09.2020 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”On H4, the wave of correctional decline is coming to an end, almost reaching 61.8% Fibo (0.7130). The aim of further growth is 76....
Forex Technical Analysis & Forecast 10.09.2020
Forex Technical Analysis & Forecast 10.09.2020
EURUSD, “Euro vs US Dollar”The currency pair performed a decline to 1.1753 and is now correcting. Today, it might reach 1.1820, then decline to 1.1790. At these levels, a...
Fibonacci Retracements Analysis 09.09.2020 (GBPUSD, EURJPY)
Fibonacci Retracements Analysis 09.09.2020 (GBPUSD, EURJPY)
GBPUSD, “Great Britain Pound vs US Dollar”On D1, the quotations are developing a correctional phase after stepping over the long-term level of 61.8% and a divergence on t...
Forex Technical Analysis & Forecast 09.09.2020
Forex Technical Analysis & Forecast 09.09.2020
EURUSD, “Euro vs US Dollar”The currency pair keeps developing a downtrend. Today, it may test 1.1787 from below, then decline to 1.1745. Next, the pair may grow to 1.1787...

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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