Forex Technical Analysis & Forecasts


Forex Technical Analysis 19.06.2019 (EURUSD, GBPUSD, GOLD)
Forex Technical Analysis 19.06.2019 (EURUSD, GBPUSD, GOLD)

EURUSD, “Euro vs US Dollar”After breaking 1.1208, EURUSD continues moving downwards. Today, the pair may reach 1.1175 and then start a new correction to test 1.1280 from ...

Forex Technical Analysis 18.06.2019 (EURUSD, USDCHF, GOLD)
Forex Technical Analysis 18.06.2019 (EURUSD, USDCHF, GOLD)

EURUSD, “Euro vs US Dollar”EURUSD continues the correction in the form of Flag. 

Forex Technical Analysis 17.06.2019 (USDCHF, USDJPY, AUDUSD)
Forex Technical Analysis 17.06.2019 (USDCHF, USDJPY, AUDUSD)

EURUSD, “Euro vs US Dollar”EURUSD has reached the predicted short-term target of the third descending wave. Today, the pair may be corrected to reach 1.1230 or even 1.126...

Forex Technical Analysis 14.06.2019 (USDJPY, AUDUSD, BRENT)
Forex Technical Analysis 14.06.2019 (USDJPY, AUDUSD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has formed the consolidation range above 1.1283 and broken it downwards. Today, the pair may fall to reach 1.1266 and then grow to test ...

Forex Technical Analysis 13.06.2019 (USDCHF, USDJPY, AUDUSD)
Forex Technical Analysis 13.06.2019 (USDCHF, USDJPY, AUDUSD)

EURUSD, “Euro vs US Dollar”EURUSD has reached the predicted downside target; right now, it is consolidating around 1.1292.

Forex Technical Analysis 12.06.2019 (EURUSD, GOLD, BRENT)
Forex Technical Analysis 12.06.2019 (EURUSD, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has reached the predicted correctional target, but the correction continues. Possibly, today the pair may grow a little bit to reach 1.1...

Forex Technical Analysis 11.06.2019 (EURUSD, USDJPY, GOLD)
Forex Technical Analysis 11.06.2019 (EURUSD, USDJPY, GOLD)

EURUSD, “Euro vs US Dollar”EURUSD has finished the second descending impulse; right now, it is being corrected with the target at 1.1325. Later, the market may resume fal...

Forex Technical Analysis 10.06.2019 (USDCHF, USDJPY, AUDUSD)
Forex Technical Analysis 10.06.2019 (USDCHF, USDJPY, AUDUSD)

EURUSD, “Euro vs US Dollar”EURUSD is moving downwards with the target at 1.1282. Possibly, today the pair may reach it and then form one more ascending structure towards ...

Forex Technical Analysis 07.06.2019 ( USDJPY, AUDUSD, BRENT)
Forex Technical Analysis 07.06.2019 ( USDJPY, AUDUSD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has reached 1.1200; right now, it is forming the fifth ascending structure with the target at 1.1317. 

Forex Technical Analysis 06.06.2019 (GBPUSD, AUDUSD, BRENT)
Forex Technical Analysis 06.06.2019 (GBPUSD, AUDUSD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is trading downwards; right now, it is moving around 1.1225. If later the price breaks this range to the upside, the instrument may reac...


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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