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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 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.

Fibonacci Retracements Analysis 22.04.2016 (EUR/USD, EUR/GBP)

Yesterday, Eurodollar rebounded from the correctional retracement of 61.8% once again.

Fibonacci Retracements Analysis 21.04.2016 (EUR/USD, EUR/GBP)

The local correction is taking place.

Forex Technical Analysis 21.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Australian Dollar continues consolidating near the top without any particular direction.

Fibonacci Retracements Analysis 20.04.2016 (EUR/USD, EUR/GBP)

Yesterday Eurodollar rebounded from the correctional retracement of 61.8% and may start a new local growth.

Forex Technical Analysis 20.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has extended its ascending wave and formed a descending impulse.

Forex Technical Analysis 19.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached the target of the correction and formed the flag pattern.

Fibonacci Retracements Analysis 19.04.2016 (EUR/USD, EUR/GBP)

Eurodollar continues moving upwards.

Fibonacci Retracements Analysis 18.04.2016 (EUR/USD, EUR/GBP)

The local correction continues.

Forex Technical Analysis 15.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

After forming another descending impulse, Eurodollar has started another consolidation channel.

Fibonacci Retracements Analysis 15.04.2016 (EUR/USD, EUR/GBP)

Eurodollar is still moving inside the flat, which may continue on Friday.

Fibonacci Retracements Analysis 14.04.2016 (EUR/USD, EUR/GBP)

In case of Europound, the correction becomes deeper as well.