Forex Technical Analysis & Forecasts


Forex Technical Analysis 19.10.2018 (USDJPY, AUDUSD...)
Forex Technical Analysis 19.10.2018 (USDJPY, AUDUSD...)

EURUSD, “Euro vs US Dollar”EURUSD is forming the second part of the descending wave; it has rebounded from 1.1520 and right now is falling towards 1.1444. Today, the pair...

Forex Technical Analysis 18.10.2018 (EURUSD...)
Forex Technical Analysis 18.10.2018 (EURUSD...)

EURUSD, “Euro vs US Dollar”EURUSD has finished the descending structure; it has formed the consolidation range around 1.1532 and broken it to the downside to continue tra...

Forex Technical Analysis 17.10.2018 (EURUSD...)
Forex Technical Analysis 17.10.2018 (EURUSD...)

EURUSD, “Euro vs US Dollar”EURUSD has rebounded from 1.1616 and is still trading downwards. Today, the pair may fall to reach 1.1520 and then grow towards 1.1574. After t...

Forex Technical Analysis 16.10.2018 (EURUSD...)
Forex Technical Analysis 16.10.2018 (EURUSD...)

EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.1574. Today, the pair may fall to reach 1.1540 and then grow to return to 1.1574. If later the instrument brea...

Forex Technical Analysis&Forecast 15.10.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 15.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD is trading downwards to reach 1.1528. Later, the market may grow towards 1.1568, thus forming a new consolidation range. If later the in...

Forex Technical Analysis 12.10.18 (EURUSD, GBPUSD...)
Forex Technical Analysis 12.10.18 (EURUSD, GBPUSD...)

EURUSD, “Euro vs US Dollar”EURUSD is still forming the third ascending wave. Today, the pair may reach 1.1602 and then resume falling towards 1.1544. After that, the inst...

Forex Technical Analysis&Forecast 11.10.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 11.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD has broken the consolidation range upwards and right now is forming the first ascending structure with the target at 1.1590. After that,...

Forex Technical Analysis 10.10.18 (EURUSD, GBPUSD...)
Forex Technical Analysis 10.10.18 (EURUSD, GBPUSD...)

EURUSD, “Euro vs US Dollar”After completing the wave to the downside, EURUSD has formed a new ascending impulse towards 1.1515, which is in the middle of the descending s...

Forex Technical Analysis&Forecast 09.10.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 09.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD is still consolidating near the lows and trying to rebound from the downside border. Possibly, the pair may reach 1.1516 and then start ...

Forex Technical Analysis&Forecast 08.10.2018 EURUSD GBPUSD USDCHF
Forex Technical Analysis&Forecast 08.10.2018 EURUSD GBPUSD USDCHF

EURUSD, “Euro vs US Dollar”EURUSD has finished the ascending impulse and right now is consolidating around 1.1516. If later the instrument breaks this range to the downsi...


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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