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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.

08.06.2016

Forex Technical Analysis 08.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is still consolidating; it has almost formed the diamond reversal pattern.
07.06.2016

Fibonacci Retracements Analysis 07.06.2016 (EUR/USD, EUR/GBP)

Europound is being corrected, but the main target is still the group of upside fibo-levels at 0.7935.
07.06.2016

Forex Technical Analysis 07.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound has reached its target and returned to 1.4556.
06.06.2016

Fibonacci Retracements Analysis 06.06.2016 (EUR/USD, EUR/GBP)

In case of Eurodollar, the correction continues.
06.06.2016

Forex Technical Analysis 06.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has started a new consolidation channel at the top of the ascending wave.
03.06.2016

Fibonacci Retracements Analysis 03.06.2016 (EUR/USD, EUR/GBP)

Eurodollar was just several pips shy to reach the correctional retracement of 38.2%.
03.06.2016

Forex Technical Analysis 03.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound is still falling to reach the target at 1.4300.
02.06.2016

Fibonacci Retracements Analysis 02.06.2016 (EUR/USD, EUR/GBP)

Eurodollar continues the correction.
01.06.2016

Fibonacci Retracements Analysis 01.06.2016 (EUR/USD, EUR/GBP)

In case of Eurodollar, the correction continue.
01.06.2016

Forex Technical Analysis 01.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has expanded its consolidation range upwards and right now is falling to expand its downwards as well.
31.05.2016

Fibonacci Retracements Analysis 31.05.2016 (EUR/USD, EUR/GBP)

In case of Eurodollar, the downtrend continues.
30.05.2016

Fibonacci Retracements Analysis 30.05.2016 (EUR/USD, EUR/GBP)

Eurodollar is being corrected, but the downside targets remain the same.