Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




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.

20.05.2016

Forex Technical Analysis 20.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached the target at 1.1200 and right now is consolidating
20.05.2016

Fibonacci Retracements Analysis 20.05.2016 (EUR/USD, EUR/GBP)

Eurodollar is still dominated by “bears”.
19.05.2016

Forex Technical Analysis 19.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has almost reached the target of the first descending wave.
19.05.2016

Fibonacci Retracements Analysis 19.05.2016 (EUR/USD, EUR/GBP)

Eurodollar continues falling; it has successfully reached the targets specified earlier.
18.05.2016

Fibonacci Retracements Analysis 18.05.2016 (EUR/USD, EUR/GBP)

Eurodollar continues moving towards its downside targets.
18.05.2016

Forex Technical Analysis 18.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound has expanded its consolidation range upwards and completed the correction.
17.05.2016

Fibonacci Retracements Analysis 17.05.2016 (EUR/USD, EUR/GBP)

Eurodollar is being corrected, although the main target for bears is still the group of lower fibo-levels at 1.1210.
17.05.2016

Forex Technical Analysis 17.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound is being corrected; the pair has expanded its trading range upwards.
16.05.2016

Fibonacci Retracements Analysis 16.05.2016 (EUR/USD, EUR/GBP)

After reaching its intermediate targets, Eurodollar started a local correction.
16.05.2016

Forex Technical Analysis 16.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has completed the third structure of the descending wave.
13.05.2016

Fibonacci Retracements Analysis 13.05.2016 (EUR/USD, EUR/GBP)

Eurodollar has broken its low and continues falling.
12.05.2016

Fibonacci Retracements Analysis 12.05.2016 (EUR/USD, EUR/GBP)

Quite soon, the market may reach the closest group of fibo-levels at 1.1310.
12.05.2016

Forex Technical Analysis 12.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is expanding the consolidation channel upwards.
11.05.2016

Fibonacci Retracements Analysis 11.05.2016 (EUR/USD, EUR/GBP)

Europound has rebounded from the retracement of 38.2% twice, which means that it may resume moving upwards.