Forex Technical Analysis & Forecasts


Fibonacci Retracements Analysis 08.07.2020 (GBPUSD, EURJPY)
Fibonacci Retracements Analysis 08.07.2020 (GBPUSD, EURJPY)
GBPUSD, “Great Britain Pound vs US Dollar”The daily chart shows a new ascending wave after the correction towards 38.2% fibo. If GBPUSD is able to break the key high at 1...
Forex Technical Analysis & Forecast 08.07.2020
Forex Technical Analysis & Forecast 08.07.2020
EURUSD, “Euro vs US Dollar”After breaking 1.1300 to the downside and starting a new correction towards 1.1250, EURUSD has reached the short-term correctional target at 1....
Fibonacci Retracements Analysis 07.07.2020 (EURUSD, USDJPY)
Fibonacci Retracements Analysis 07.07.2020 (EURUSD, USDJPY)
EURUSD, “Euro vs US Dollar”As we can see in the daily chart, EURUSD is consolidating not far from the long-term 38.2% fibo. Possibly, the pair may break this consolidatio...
Forex Technical Analysis & Forecast 07.07.2020
Forex Technical Analysis & Forecast 07.07.2020
EURUSD, “Euro vs US Dollar”After breaking 1.1300, EURUSD is consolidating above it. If later the price breaks this range to the downside, the market may start a new corre...
Fibonacci Retracements Analysis 06.07.2020 (GOLD, USDCHF)
Fibonacci Retracements Analysis 06.07.2020 (GOLD, USDCHF)
Fibonacci Retracements Analysis 06.07.2020 (GOLD, USDCHF)From the technical point of view, the H4 chart shows that XAUUSD is moving above the broken high at 1764.86. This situation m...
Forex Technical Analysis & Forecast 06.07.2020
Forex Technical Analysis & Forecast 06.07.2020
EURUSD, “Euro vs US Dollar”EURUSD is moving upwards. Possibly, the pair may reach 1.1290 and then start a new correction towards 1.1262. After that, the instrument may fo...
Forex Technical Analysis & Forecast 03.07.2020
Forex Technical Analysis & Forecast 03.07.2020
EURUSD, “Euro vs US Dollar”EURUSD is forming another descending wave. Possibly, today the pair may break 1.1222 and then continue falling with the short-term target at 1....
Fibonacci Retracements Analysis 03.07.2020 (BTC, ETH)
Fibonacci Retracements Analysis 03.07.2020 (BTC, ETH)
BTCUSD, “Bitcoin vs US Dollar”In the H4 chart, after reaching 23.6% fibo, Bitcoin has rebounded from it. In the future, the pair may continue falling towards 38.2% and 50...
Fibonacci Retracements Analysis 02.07.2020 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 02.07.2020 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”The H4 chart shows the correctional channel, which has been taking place for about a month. After reaching the long-term 61.8% fib...
Forex Technical Analysis & Forecast 02.07.2020
Forex Technical Analysis & Forecast 02.07.2020
EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1184, EURUSD is growing towards 1.1287, thus forming a new consolidation range around 1.1240. Af...

Technical analysis is an effective tool of 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.

The Most Important Types and Elements of Technical Analysis

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