Forex Technical Analysis & Forecasts


FxPro Forex Analysis: Crude Oil Analysis Ahead of EIA Inventories Data – April 25, 2018
FxPro Forex Analysis: Crude Oil Analysis Ahead of EIA Inventories Data – April 25, 2018

US Crude supported by 67.53 level WTI Crude price action favoured Bears yesterday, after the release of weekly API numbers, which showed a build of nearly 1.1M barrels. Today, at 15....

FxPro Forex Analysis: USDCAD and AUDUSD Analysis – April 25, 2018
FxPro Forex Analysis: USDCAD and AUDUSD Analysis – April 25, 2018

The USDCAD pair has returned to the previously broken red trend line and is consolidating in the area around 1.28363. A break higher targets today’s high at 1.28641, followed by 1.28...

Forex Technical Analysis & Forecast 25.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 25.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has returned to 1.2240 and right now is still moving downwards. Possibly, today the price may break 1.2180. The short-term target is at 1.1970. GBPU...

FxPro Forex Analysis: The Crypto Market Rally May Lead to Profit Taking
FxPro Forex Analysis: The Crypto Market Rally May Lead to Profit Taking

The total crypto market cap has exceeded the $400 billion mark for the first time since March 8. This time, the major altcoins are leading the growth, while Bitcoin has demonstrated ...

FxPro Forex Analysis: USDJPY and CADJPY Analysis – April 24, 2018
FxPro Forex Analysis: USDJPY and CADJPY Analysis – April 24, 2018

The Japanese Yen has been weakening following a dovish statement from the Bank of Japan Governor, Hurohiko Kuroda. In an interview, Kuroda said Japan will consider removing its loose...

FxPro Forex Analysis: GBPJPY and NZDUSD Analysis – April 24, 2018
FxPro Forex Analysis: GBPJPY and NZDUSD Analysis – April 24, 2018

The GBPJPY pair has dropped back, after breaking the supporting trend line at the 152.100 level last week. The fall lower has found support at the 200-period MA at 150.655 and, today...

Forex Technical Analysis & Forecast 24.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 24.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken the consolidation range to the downside, expanded it, and reached the first target. Possibly, today the price may grow to bre...

FxPro Forex Analysis: S&P500 and NASDAQ100 Analysis – April 23, 2018
FxPro Forex Analysis: S&P500 and NASDAQ100 Analysis – April 23, 2018

U.S. stocks closed lower on Friday, with the selloff eroding much of the week’s gains. Equities were pressured by a decline in Apple, after cautious analyst reports cast doubts about...

FxPro Forex Analysis: EURUSD and EURGBP Analysis – April 23, 2018
FxPro Forex Analysis: EURUSD and EURGBP Analysis – April 23, 2018

The EURUSD pair has fallen lower after losing trend line and moving average support. The price dropped to a low on Friday of 1.22490. Below this level, there is support at 1.22400 an...

Forex Technical Analysis & Forecast 23.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 23.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is forming another descending structure. Possibly, today the price may reach 1.2245 and then fall towards 1.2290. After that, the instru...

FxPro Forex Analysis: The Cryptocurrency Spring Rally Has Begun
FxPro Forex Analysis: The Cryptocurrency Spring Rally Has Begun

Since the end of last week, the whole market has been in the ‘green zone’. According to CoinMarketCap, Bitcoin has gained 3.5% in the last 24 hours and reached the $8,500 mark. Today...

FxPro Forex Analysis: USDCAD and GBPCAD Analysis – April 20, 2018
FxPro Forex Analysis: USDCAD and GBPCAD Analysis – April 20, 2018

On Wednesday, the Bank of Canada (BOC) left its benchmark interest rate steady at 1.25%, adopting a wait and see policy. The BOC said it did not know when they would hike rates to co...

FxPro Forex Analysis: The Demand for Risk is Encountering Problems
FxPro Forex Analysis: The Demand for Risk is Encountering Problems

The recovery of the stock market and the overall demand for risk are having a bumpy ride. Yesterday, the stocks of U.S. companies were put under pressure by weak quarterly reports. T...

FxPro Forex Analysis: UK100 and GBPCHF Analysis – April 20, 2018
FxPro Forex Analysis: UK100 and GBPCHF Analysis – April 20, 2018

The UK100 Index is surging higher, as a risk-on tone dominated markets earlier this week. The upward pressure has been maintained in this index due to weakness in the GBP, exasperate...

Forex Technical Analysis & Forecast 20.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 20.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is forming another descending structure. Possibly, today the price may break 1.2330 to the downside and form a continuation pattern. The...

FxPro Forex Analysis: Saudi Arabia ‘Pumps’ Oil Prices Higher
FxPro Forex Analysis: Saudi Arabia ‘Pumps’ Oil Prices Higher

The main focus today is on oil prices, which, since late 2014, have continued to rise to new heights. Saudi Arabia announced their desire to see the prices reach $80-100 per barrel o...

FxPro Forex Analysis: AUDUSD and GBPAUD Analysis – April 19, 2018
FxPro Forex Analysis: AUDUSD and GBPAUD Analysis – April 19, 2018

The Australian Dollar (AUD) is leading commodity currencies higher, after shrugging off soft employment data. The Australian jobs report saw a weak headline figure and a drop in full...

FxPro Forex Analysis: Gold and NZDUSD Analysis – April 19, 2018
FxPro Forex Analysis: Gold and NZDUSD Analysis – April 19, 2018

The commodities block has been rising, with oil and metals leading the way. Gold has tested its down trend line resistance again at 1354.00, with a close above this level targeting r...

Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD hasn’t been able to fix below 1.2360 and right now is still consolidating. Possibly, the price may choose an alternative scenario,...

FxPro Forex Analysis: US WTI Oil Analysis – April 18, 2018
FxPro Forex Analysis: US WTI Oil Analysis – April 18, 2018

U.S. West Texas Intermediate (WTI) crude oil rose to trade over $67 after the weekly report by the American Petroleum Institute (API) on Tuesday showed that inventories fell by 1 mil...


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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