Forex Technical Analysis & Forecasts


Forex Technical Analysis 11.11.2019 (USDJPY, AUDUSD, BRENT)
Forex Technical Analysis 11.11.2019 (USDJPY, AUDUSD, BRENT)
EURUSD, “Euro vs US Dollar”EURUSD has reached the downside target. 
Forex Technical Analysis 08.11.2019 (USDJPY, AUDUSD, GOLD)
Forex Technical Analysis 08.11.2019 (USDJPY, AUDUSD, GOLD)
EURUSD, “Euro vs US Dollar”After breaking 1.1060, EURUSD has reached the short-term downside target at 1.1036. Today, the pair may grow to return to 1.1060 and then resum...
Forex Technical Analysis 07.11.2019 (USDJPY, AUDUSD, BTCUSD)
Forex Technical Analysis 07.11.2019 (USDJPY, AUDUSD, BTCUSD)
EURUSD, “Euro vs US Dollar”After breaking 1.1062, EURUSD may continue falling to reach 1.1048. After that, the instrument may form one more ascending structure towards 1....
Forex Technical Analysis 06.11.2019 (USDJPY, GOLD, BTCUSD)
Forex Technical Analysis 06.11.2019 (USDJPY, GOLD, BTCUSD)
EURUSD, “Euro vs US Dollar”After breaking 1.1118, EURUSD has reached 1.1065. Possibly, today the pair may return to 1.1118 to test it from below and then form a new desce...
Forex Technical Analysis 05.11.2019 (USDCHF, USDJPY, BTCUSD)
Forex Technical Analysis 05.11.2019 (USDCHF, USDJPY, BTCUSD)
EURUSD, “Euro vs US Dollar”Earlier, EURUSD failed to break 1.1175 and fix above it on the first try.
Forex Technical Analysis 04.11.2019 (USDCHF, USDJPY, AUDUSD)
Forex Technical Analysis 04.11.2019 (USDCHF, USDJPY, AUDUSD)
EURUSD, “Euro vs US Dollar”After finishing the correction, EURUSD is moving upwards. Possibly, the pair may form one more ascending wave towards 1.1231. 
Forex Technical Analysis 01.11.2019 (USDCHF, USDJPY, BRENT)
Forex Technical Analysis 01.11.2019 (USDCHF, USDJPY, BRENT)
EURUSD, “Euro vs US Dollar”After finishing two descending impulses, EURUSD has reached the closest correctional target at 1.1130. 
Forex Technical Analysis 31.10.2019 (USDCHF, USDJPY, BTCUSD)
Forex Technical Analysis 31.10.2019 (USDCHF, USDJPY, BTCUSD)
EURUSD, “Euro vs US Dollar”After breaking the consolidation range upwards, EURUSD has reached 1.1166; right now, it is consolidating around this level. 
Forex Technical Analysis 30.10.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 30.10.2019 (EURUSD, GBPUSD, USDCHF)
EURUSD, “Euro vs US Dollar”EURUSD has expanded the consolidation range towards 1.1117; in fact, the entire range may be considered as a correction. 
Forex Technical Analysis 29.10.2019 (USDJPY, BRENT, BTCUSD)
Forex Technical Analysis 29.10.2019 (USDJPY, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.1097. Today, the pair may fall towards 1.1057 and then start a new correction to reach 1.1082. 

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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