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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.

28.06.2016

Forex Technical Analysis 28.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving without any particular direction as the market is waiting for the European Union summit in anticipation of suggestions how to improve the economic climate in the Eurozone.
27.06.2016

Fibonacci Retracements Analysis 27.06.2016 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8% successfully, Eurodollar started plummeting.
27.06.2016

Forex Technical Analysis 27.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The market was opened with a gap down; Eurodollar continues falling with the target at 1.0833.
24.06.2016

Fibonacci Retracements Analysis 24.06.2016 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8% successfully, Eurodollar started falling.
24.06.2016

Forex Technical Analysis 24.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Being influenced by the news, Eurodollar has started falling inside the downtrend very fast.
23.06.2016

Fibonacci Retracements Analysis 23.06.2016 (EUR/USD, EUR/GBP)

Being influenced by the news, Eurodollar has broken the correctional retracement of 50% after all.
23.06.2016

Forex Technical Analysis 23.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is still under pressure and continues growing.
22.06.2016

Fibonacci Retracements Analysis 22.06.2016 (EUR/USD, EUR/GBP)

Yesterday, Eurodollar rebounded from the correctional retracement of 50%, which means that it may resume falling.
22.06.2016

Forex Technical Analysis 22.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken 1.1300 downwards and right now is consolidating.
21.06.2016

Fibonacci Retracements Analysis 21.06.2016 (EUR/USD, EUR/GBP)

Europound has easily broken the retracement of 61.8% and may continue the descending correction.
20.06.2016

Fibonacci Retracements Analysis 20.06.2016 (EUR/USD, EUR/GBP)

It’s highly likely that Eurodollar is going to test the correctional retracement of 61.8% one more time.
20.06.2016

Forex Technical Analysis 20.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The market was opened with a gap up, so Eurodollar may choose an alternative scenario and form another structure to continue the correction.
17.06.2016

Fibonacci Retracements Analysis 17.06.2016 (EUR/USD, EUR/GBP)

Eurodollar has rebounded from the correctional retracement of 78.6%, which means that the correction may continue.
17.06.2016

Forex Technical Analysis 17.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached a new low and then formed another correctional structure.