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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 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.

Forex Technical Analysis 14.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken the consolidation channel downwards and right now is expanding it towards 1.1200.

Fibonacci Retracements Analysis 13.04.2016 (EUR/USD, EUR/GBP)

The sideways correction continues.

Fibonacci Retracements Analysis 12.04.2016 (EUR/USD, EUR/GBP)

In case of Europound, the descending correction continues.

Forex Technical Analysis 12.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is consolidating above the center of the channel.

Forex Technical Analysis 11.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Being under pressure, Eurodollar is moving upwards.

Fibonacci Retracements Analysis 11.04.2016 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 38.2%, Eurodollar is trying to resume its growth.

Fibonacci Retracements Analysis 08.04.2016 (EUR/USD, EUR/GBP)

The market continues moving sideways.

Forex Technical Analysis 08.04.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is consolidating around 1.1360; it moves according to an alternative scenario towards 1.1570.