Forex Technical Analysis & Forecasts


Fibonacci Retracements Analysis 08.03.2021 (GOLD, USDCHF)
Fibonacci Retracements Analysis 08.03.2021 (GOLD, USDCHF)
XAUUSD, “Gold vs US Dollar”In the daily chart, the long-term correction continues; the descending wave has broken 38.2% fibo and may continue towards 50.0% and 61.8% fibo at 1617.50 ...
Forex Technical Analysis & Forecast 08.03.2021
Forex Technical Analysis & Forecast 08.03.2021
EURUSD, “Euro vs US Dollar”EURUSD is still falling. Possibly, today the pair may reach 1.1883 and then start a new growth towards 1.2000, thus forming a new consolidation range betwe...
Forex Technical Analysis & Forecast 05.03.2021
Forex Technical Analysis & Forecast 05.03.2021
EURUSD, “Euro vs US Dollar”After forming a new consolidation range around 1.2033 and then breaking it to the downside, EURUSD has reached 1.1955. Possibly, today the pair may return ...
Forex Technical Analysis & Forecast 04.03.2021
Forex Technical Analysis & Forecast 04.03.2021
EURUSD, “Euro vs US Dollar”After completing the ascending structure at 1.2112, EURUSD has finished the descending wave towards 1.2044, thus forming a new consolidation range around 1...
Fibonacci Retracements Analysis 04.03.2021 (AUDUSD, USDCAD)
Fibonacci Retracements Analysis 04.03.2021 (AUDUSD, USDCAD)
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the daily chart, after breaking 38.2% fibo, the asset has failed to reach 50.0% fibo at 0.8292. Right now, there is a diverge...
Fibonacci Retracements Analysis 03.03.2021 (GBPUSD, EURJPY)
Fibonacci Retracements Analysis 03.03.2021 (GBPUSD, EURJPY)
GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after skyrocketing to 1.4241, GBPUSD is forming a mid-term descending pullback, which has already...
Forex Technical Analysis & Forecast 03.03.2021
Forex Technical Analysis & Forecast 03.03.2021
EURUSD, “Euro vs US Dollar”After completing the correction at 1.2000 along with the ascending structure towards 1.2090, EURUSD is forming a new consolidation range around...
Forex Technical Analysis & Forecast 02.03.2021
Forex Technical Analysis & Forecast 02.03.2021
EURUSD, “Euro vs US Dollar”EURUSD continues the correction. Possibly, today the pair may reach 1.2010 and then form a new consolidation range near the current lows. Later...
Fibonacci Retracements Analysis 02.03.2021 (EURUSD, USDJPY)
Fibonacci Retracements Analysis 02.03.2021 (EURUSD, USDJPY)
EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, after breaking 61.8% fibo but failing to reach 76.0% fibo at 1.2254, EURUSD has quickly reversed due to a diverg...
Forex Technical Analysis & Forecast for March 2021
Forex Technical Analysis & Forecast for March 2021
EURUSD, “Euro vs US Dollar”As we can see in the daily chart, after finishing the correction at 1.2040 along with ascending structure towards 1.2240, EURUSD has almost com...

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.   

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