Forex Technical Analysis & Forecasts


Forex Technical Analysis 20.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 20.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After returning to 1.1313, EURUSD has formed an upside continuation pattern and broken it upwards to reach the short-term target at 1.1355. Pos...

Forex Technical Analysis 19.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 19.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has completed the first descending impulse at 1.1287 along with the correction. Possibly, today the pair may form a new descending struc...

Forex Technical Analysis 18.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 18.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has completed the descending structure at 1.1240 along with the correction. Possibly, today the pair may grow with the short-term target...

Forex Technical Analysis 15.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 15.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD may choose an alternative scenario and form one more ascending structure to continue the correction towards 1.1320. 

Forex Technical Analysis 14.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 14.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After finishing another descending structure at 1.1300, EURUSD has formed the downside continuation pattern and broken 1.1290 downwards to star...

Forex Technical Analysis 13.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 13.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has formed another ascending impulse; right now, it is consolidating at the top. Possibly, today the pair may expand the range towards 1...

Forex Technical Analysis 12.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 12.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After failing to continue the correction, EURUSD has formed another consolidation range and broken 1.1323 downwards to complete one more descen...

Forex Technical Analysis 11.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 11.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD is still trading downwards; right now, it is forming another consolidation range near the lows. Possibly, today the pair may reach 1.131...

Forex Technical Analysis 08.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 08.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has completed the ascending impulse along with the correction. Possibly, today the pair may form a new descending structure towards 1.13...

Forex Technical Analysis 07.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 07.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has reached its short-term downside target; right now, it is consolidating near the lows. Possibly, the pair may expand this range towar...


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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