Forex Technical Analysis & Forecasts


FxPro Forex Analysis: Sugar Wave Analysis – 17 August , 2018
FxPro Forex Analysis: Sugar Wave Analysis – 17 August , 2018

• Sugar falling inside minor impulse wave 5 • Further losses are likely Sugar continues to fall inside the minor impulse wave 5 – which belongs to the medium-term impulse wave (3) fr...

FxPro Forex Analysis: EUR/CHF Wave Analysis – 17 August , 2018
FxPro Forex Analysis: EUR/CHF Wave Analysis – 17 August , 2018

• EUR/CHF reversed from long-term support level 1.1250 • Further gains are likely EUR/CHF continues to rise after the earlier sharp upward reversal from the long-term support level 1...

FxPro Forex Analysis: EUR/GBP Wave Analysis – 16 August , 2018
FxPro Forex Analysis: EUR/GBP Wave Analysis – 16 August , 2018

• EUR/GBP reversed from support zone • Further gains are likely EUR/GBP continues to rise after the recent upward reversal from the support zone lying between the support level 0.890...

FxPro Forex Analysis: Corn Wave Analysis – 16 August , 2018
FxPro Forex Analysis: Corn Wave Analysis – 16 August , 2018

• Corn rising inside impulse wave (3) • Further gains are likely Corn continues to rise inside the medium-term impulse wave (3), which started recently from the support zone lying be...

Forex Technical Analysis & Forecast 16.08.2018 from RoboForex
Forex Technical Analysis & Forecast 16.08.2018 from RoboForex

EURUSD, “Euro vs US Dollar”EURUSD has reached 1.1300 and right now is being corrected upwards. Possibly, the pair may grow towards 1.1416 and then resume falling inside t...

FxPro Forex Analysis: Copper Wave Analysis – 15 August , 2018
FxPro Forex Analysis: Copper Wave Analysis – 15 August , 2018

• Copper broke pivotal support level 268.00 • Further losses are likely Copper today broke sharply below the pivotal support level 268.00, which stopped the previous sharp impulse wa...

FxPro Forex Analysis: GBP/CHF Wave Analysis – 15 August , 2018
FxPro Forex Analysis: GBP/CHF Wave Analysis – 15 August , 2018

• GBP/CHF broke support level 1.2750 • Further losses are likely GBP/CHF continues to fall after the recent breakout of the key support level 1.2750, which previously reversed the pr...

Forex Technical Analysis & Forecast 15.08.2018
Forex Technical Analysis & Forecast 15.08.2018

EURUSD, “Euro vs US Dollar”EURUSD has rebounded from 1.1432 and broken the downside border of the range; it has almost formed a downside continuation pattern. The target ...

FxPro Forex Analysis: AUD/CAD Wave Analysis – 14 August , 2018
FxPro Forex Analysis: AUD/CAD Wave Analysis – 14 August , 2018

• AUD/CAD broke major support level 0.9570 • Further losses are likely AUD/CAD continues to fall after the recent breakout of the major support level 0.9570, which has previously rev...

FxPro Forex Analysis: Natural Gas Wave Analysis – Aug 14, 2018
FxPro Forex Analysis: Natural Gas Wave Analysis – Aug 14, 2018

• Natural Gas rising inside wave 2 • Further gains are likely Natural Gas recently reversed up from the support level 2.900, which also previously reversed the price multip...


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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