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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.

05.05.2016

Forex Technical Analysis 05.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound has reached the target of its first descending wave.
04.05.2016

Fibonacci Retracements Analysis 04.05.2016 (EUR/USD, EUR/GBP)

Eurodollar has reached the group of upside fibo-levels and started a correction after all.
04.05.2016

Forex Technical Analysis 04.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound has reached the target of its ascending wave.
03.05.2016

Fibonacci Retracements Analysis 03.05.2016 (EUR/USD, EUR/GBP)

Eurodollar has successfully reached the target area near the group of upside fibo-levels, which means that it may start a local correction.
02.05.2016

Fibonacci Retracements Analysis 02.05.2016 (EUR/USD, EUR/GBP)

Eurodollar continues moving upwards.
29.04.2016

Fibonacci Retracements Analysis 29.04.2016 (EUR/USD, EUR/GBP)

Eurodollar has reached the correctional retracement of 78.6% and right now is attempting to rebound from it.
29.04.2016

Forex Technical Analysis 29.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has almost reached the local target of its ascending structure.
28.04.2016

Fibonacci Retracements Analysis 28.04.2016 (EUR/USD, EUR/GBP)

Eurodollar is still being corrected.
28.04.2016

Forex Technical Analysis 28.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Being under pressure, Eurodollar is moving upwards.
27.04.2016

Fibonacci Retracements Analysis 27.04.2016 (EUR/USD, EUR/GBP)

Eurodollar is being corrected.
27.04.2016

Forex Technical Analysis 27.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has completed the correction and right now is forming another descending impulse.
26.04.2016

Forex Technical Analysis 26.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Franc is consolidating without any particular direction.
26.04.2016

Fibonacci Retracements Analysis 26.04.2016 (EUR/USD, EUR/GBP)

Eurodollar is being corrected.
25.04.2016

Fibonacci Retracements Analysis 25.04.2016 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8% twice, Eurodollar has started falling fast and reached a new local low.