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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.


Fibonacci Retracements Analysis 04.04.2016 (EUR/USD, EUR/GBP)

Eurodollar is still being corrected.

Fibonacci Retracements Analysis 01.04.2016 (EUR/USD, EUR/GBP)

At the H1 chart, the price has rebounded from the local correctional retracement of 38.2%.

Forex Technical Analysis 01.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken 1.1359 upwards and right now is forming an upside continuation pattern.

Fibonacci Retracements Analysis 31.03.2016 (EUR/USD, EUR/GBP)

After rebounding from the Moving Average yesterday, Europound is moving above it.

Forex Technical Analysis 31.03.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is falling and forming the second descending impulse with the target at 1.1300.

Fibonacci Retracements Analysis 30.03.2016 (EUR/USD, EUR/GBP)

Europound is still being corrected above the Moving Average.

Forex Technical Analysis 30.03.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached the target of its ascending structure and, being influenced by the fundamental background, may move according to an alternative scenario, which implies that it may grow towards 1.1400 at once.

Fibonacci Retracements Analysis 29.03.2016 (EUR/USD, EUR/GBP)

Eurodollar has rebounded from the group of local retracements at 1.1200 – 1.1185, which means that it may resume its descending movement.

Fibonacci Retracements Analysis 28.03.2016 (EUR/USD, EUR/GBP)

Eurodollar is still moving sideways.

Fibonacci Retracements Analysis 25.03.2016 (EUR/USD, EUR/GBP)

Eurodollar is still consolidating between two groups of fibo-levels.

Forex Technical Analysis 25.03.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving below 1.1200; the market is forming another consolidation channel.

Fibonacci Retracements Analysis 24.03.2016 (EUR/USD, EUR/GBP)

After falling at the beginning of the week, Eurodollar has started consolidating.