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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.


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.

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

In case of Eurodollar, the correction continues.

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.

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

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

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.

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

Eurodollar continues the correction.

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

In case of Eurodollar, the correction continue.

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.

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

In case of Eurodollar, the downtrend continues.

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

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

Forex Technical Analysis 27.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has completed the first ascending wave as a correction and is expected to continue falling to reach 1.1100.

Fibonacci Retracements Analysis 27.05.2016 (EUR/USD, EUR/GBP)

Eurodollar is still being corrected; the pair has already reached the retracement of 38.2% and rebounded from it.