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Forex Technical analysis and forecasts

One of the key factors, which has influence on any trader’s success is his ability to correctly predict the market movements. The two main methods are technical and fundamental analysis of Forex market.

An important feature of fundamental analysis is its global nature. Events, which are analyzed in fundamental analysis, have long-term influence on supply and demand on the currency market. This information is composed of the news about the world’s biggest political and financial events. It’s hard to overestimate the influenced the news has on financial markets: when the most important news is published, the market volatility increases.

It’s quite easy for an experienced trader to analyze and predict how a single event may influence the market. However, analysis of several events, which may influence the market in completely different ways, is a very complicated and time-consuming process. This may be the reason why only approximately 20% of traders use fundamental analysis as their main forecasting tool.

Fundamental approach to Forex market analysis, unlike technical one, covers not only the prices and their changes, but the reasons for these changes as well. Each approach has its followers, advantages and disadvantages.

02.12.2016

Fibonacci Retracements Analysis 02.12.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair is still consolidating.
02.12.2016

Forex Technical Analysis 02.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair is still moving in the fifth ascending structure to reach the target at 1.0700.
01.12.2016

Forex Technical Analysis 01.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair is forming the fifth ascending structure to reach 1.0700.
30.11.2016

Fibonacci Retracements Analysis 30.11.2016 (EUR/USD, EUR/GBP)

The EUR/GBP pair couldn’t fix above the retracement of 38.2% and may continue moving downwards.
30.11.2016

Forex Technical Analysis 30.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair is forming another ascending structure to reach 1.0700.
29.11.2016

Fibonacci Retracements Analysis 29.11.2016 (EUR/USD, EUR/GBP)

Possibly, the EUR/GBP pair may continue the correction as well.
29.11.2016

Forex Technical Analysis 29.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair is forming the fourth correctional structure; it has already reached the closest target of this correction.
28.11.2016

Fibonacci Retracements Analysis 28.11.2016 (EUR/USD, EUR/GBP)

It’s highly likely that the EUR/USD pair started an ascending correction.
28.11.2016

Forex Technical Analysis 28.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The GBP/USD pair is still moving in the center of the consolidation range.
25.11.2016

Fibonacci Retracements Analysis 25.11.2016 (EUR/USD, EUR/GBP)

In case of the EUR/GBP pair, the correction continues as well.
25.11.2016

Forex Technical Analysis 25.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The GBP/USD pair is still moving in the center of the consolidation range.
24.11.2016

Fibonacci Retracements Analysis 24.11.2016 (EUR/USD, EUR/GBP)

Yesterday, the EUR/USD pair broke the local low.
24.11.2016

Forex Technical Analysis 24.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair hasn’t been able to form another ascending impulse.
23.11.2016

Fibonacci Retracements Analysis 23.11.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair is consolidating.
23.11.2016

Forex Technical Analysis 23.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair is forming the third ascending impulse.