Forex Technical Analysis & Forecasts


Fibonacci Retracements Analysis 17.01.2020 (BTC, ETH)
Fibonacci Retracements Analysis 17.01.2020 (BTC, ETH)
BTCUSD, “Bitcoin vs US Dollar”As we can see in the daily chart, BTCUSD continues the correctional uptrend; it has already fixed above the mid-term resistance at 50.0% fib...
Fibonacci Retracements Analysis 16.01.2020 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 16.01.2020 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, after completing the first descending wave at 50.0% fibo, AUDUSD is correcting upwards very slowly ...
Fibonacci Retracements Analysis 15.01.2020 (GBPUSD, EURJPY)
Fibonacci Retracements Analysis 15.01.2020 (GBPUSD, EURJPY)
GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after completing the correctional uptrend at 61.8% fibo, GBPUSD is moving downwards. The closest ...
Fibonacci Retracements Analysis 14.01.2020 (EURUSD, USDJPY)
Fibonacci Retracements Analysis 14.01.2020 (EURUSD, USDJPY)
EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is finishing the correctional downtrend at 61.8% fibo at 1.1079. there might be another descending wave, ...
Fibonacci Retracements Analysis 13.01.2020 (GOLD, USDCHF)
Fibonacci Retracements Analysis 13.01.2020 (GOLD, USDCHF)
XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the divergence on MACD made XAUUSD complete the rising wave at 61.8% fibo and start a new descending correction,...
Fibonacci Retracements Analysis 10.01.2020 (BTC, ETH)
Fibonacci Retracements Analysis 10.01.2020 (BTC, ETH)
BTCUSD, “Bitcoin vs US Dollar”As we can see in the daily chart, BTCUSD has finished the correctional uptrend at the long-term resistance, which is 50.0% fibo at 8500.00. ...
Forex Technical Analysis 10.01.2020 (EURUSD, USDJPY, GOLD)
Forex Technical Analysis 10.01.2020 (EURUSD, USDJPY, GOLD)
EURUSD, “Euro vs US Dollar”EURUSD is still moving downwards; it has formed another consolidation range around 1.1107. Today, the pair may form a new descending structure ...
Fibonacci Retracements Analysis 09.01.2020 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 09.01.2020 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, the divergence made AUDUSD reverse after reaching 61.8% fibo at 0.7056; it fell down to 50.0% fibo ...
Forex Technical Analysis 09.01.2020 (USDCHF, USDJPY, AUDUSD)
Forex Technical Analysis 09.01.2020 (USDCHF, USDJPY, AUDUSD)
EURUSD, “Euro vs US Dollar”EURUSD has reached the short-term downside target at 1.1110; right now, it is consolidating around 1.1113. Possibly, the pair may expand the ra...
Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)
Fibonacci Retracements Analysis 08.01.2020 (GBPUSD, EURJPY)
GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, there was a divergence on MACD, which made the pair reverse downwards after reaching 61.8% fib...

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