Forex Technical Analysis & Forecasts


Forex Technical Analysis & Forecast 23.09.2022
Forex Technical Analysis & Forecast 23.09.2022
EURUSD, “Euro vs US Dollar”EURUSD has completed the correction to test 0.9903 from below. Today, the pair may continue trading downwards with the target at 0.9785. After that, the in...
Forex Technical Analysis & Forecast 22.09.2022
Forex Technical Analysis & Forecast 22.09.2022
EURUSD, “Euro vs US Dollar”EURUSD has completed the descending wave at 0.9814 along with the correction up to 0.9900. Today, the pair may resume trading downwards with the target at ...
Forex Technical Analysis & Forecast 21.09.2022
Forex Technical Analysis & Forecast 21.09.2022
EURUSD, “Euro vs US Dollar”EURUSD is falling towards the downside border of the consolidation range at 0.9945 and may later grow to test 0.9990 from below. After that, the instrument...
Forex Technical Analysis & Forecast 20.09.2022
Forex Technical Analysis & Forecast 20.09.2022
EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 0.9992; it has already expanded the range up to 1.0049 and is currently falling to return to 0.9992. If later the pric...
Forex Technical Analysis & Forecast 19.09.2022
Forex Technical Analysis & Forecast 19.09.2022
EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 0.9992. Today, the pair may expand the range up to 1.0040 and then fall with the target at 0.9920, or even extend this...
Forex Technical Analysis & Forecast 16.09.2022
Forex Technical Analysis & Forecast 16.09.2022
EURUSD, “Euro vs US Dollar”After a mighty decline to 0.9955, the pair is consolidating around 0.9988. Today it may drop to the lower border of the range at 0.9955, and with a breakaw...
Forex Technical Analysis & Forecast 02.09.2022
Forex Technical Analysis & Forecast 02.09.2022
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9910, EURUSD is expected to correct up to 0.9980. Later, the market may resume trading downward...
Forex Technical Analysis & Forecast for September 2022
Forex Technical Analysis & Forecast for September 2022
EURUSD, “Euro vs US Dollar” As we can see in the daily chart, after completing the descending wave at 1.1200, forming a new consolidation range around this level, and bre...
Forex Technical Analysis & Forecast 01.09.2022
Forex Technical Analysis & Forecast 01.09.2022
EURUSD, “Euro vs US Dollar” After completing the ascending structure at 1.0077, EURUSD is being pressured to fall. Possibly, today the pair may reach 0.9983 and then resu...
Forex Technical Analysis & Forecast 31.08.2022
Forex Technical Analysis & Forecast 31.08.2022
EURUSD, “Euro vs US Dollar” After completing the descending structure at 0.9982, EURUSD is growing towards 1.0057 and may later fall to return to 0.9982, thus forming a w...

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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