Forex Technical Analysis & Forecasts


Fibonacci Retracements Analysis 03.04.2020 (BTC, ETH)
Fibonacci Retracements Analysis 03.04.2020 (BTC, ETH)
BTCUSD, “Bitcoin vs US Dollar”As we can see in the H4 chart, the correctional uptrend has reached 50.0% The next upside target may be at 61.8% fibo (7987.75) but the dive...
Forex Technical Analysis & Forecast 03.04.2020
Forex Technical Analysis & Forecast 03.04.2020
EURUSD, “Euro vs US Dollar”After completing the second half of the descending wave at 1.0830, EURUSD is consolidating near the lows. Today, the pair may test form one mor...
Fibonacci Retracements Analysis 02.04.2020 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 02.04.2020 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the ascending tendency is getting close to 61.8% fibo at 0.6237. Under the current circumstances, t...
Forex Technical Analysis & Forecast 02.04.2020
Forex Technical Analysis & Forecast 02.04.2020
EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.0970 and failing to start a new growth, EURUSD has broken this level to the downside to reach 1.0909....
Fibonacci Retracements Analysis 01.04.2020 (GBPUSD, EURJPY)
Fibonacci Retracements Analysis 01.04.2020 (GBPUSD, EURJPY)
GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, GBPUSD is correcting the previous descending wave and trying to fix above the low at 1.1958; b...
Fibonacci Retracements Analysis 31.03.2020 (EURUSD, USDJPY)
Fibonacci Retracements Analysis 31.03.2020 (EURUSD, USDJPY)
EURUSD, “Euro vs US Dollar”In the daily chart, the convergence on MACD made the pair complete a strong descending impulse and start a new correctional uptrend, which has ...
Fibonacci Retracements Analysis 30.03.2020 (GOLD, USDCHF)
Fibonacci Retracements Analysis 30.03.2020 (GOLD, USDCHF)
XAUUSD, “Gold vs US Dollar”As we can see in the daily chart, after falling and reaching 38.2% fibo, the pair has returned to its highs. There is a strong possibility that...
Fibonacci Retracements Analysis 27.03.2020 (BTC, ETC)
Fibonacci Retracements Analysis 27.03.2020 (BTC, ETC)
BTCUSD, “Bitcoin vs US Dollar”As we can see in the H4 chart, after reaching the post-correctional extension area between 138.2% and 161.8% fibo at 4878.75 and 3929.75 res...
Fibonacci Retracements Analysis 26.03.2020 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 26.03.2020 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the weekly chart, after completing a strong descending impulse, AUDUSD has started a new rising correction. 
Forex Technical Analysis & Forecast 26.03.2020
Forex Technical Analysis & Forecast 26.03.2020
EURUSD, “Euro vs US Dollar”EURUSD continues forming another ascending structure with the predicted target at 1.0944. Seeing a continuation pattern close to 1.0888. 

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.   

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree