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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.

11.02.2016

Fibonacci Retracements Analysis 11.02.2016 (EUR/USD, EUR/GBP)

Europound continue growing very fast towards its upside targets.
11.02.2016

Forex Technical Analysis 11.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has completed its descending impulse and corrected it.
10.02.2016

Fibonacci Retracements Analysis 10.02.2016 (EUR/USD, EUR/GBP)

After breaking last week’s high yesterday, Eurodollar continues moving upwards.
09.02.2016

Fibonacci Retracements Analysis 09.02.2016 (EUR/USD, EUR/GBP)

It looks like the test of the group of upper fibo-levels Eurodollar made last Friday won’t be the last one.
09.02.2016

Forex Technical Analysis 09.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar continues consolidating at the top of its ascending structure.
08.02.2016

Fibonacci Retracements Analysis 08.02.2016 (EUR/USD, EUR/GBP)

Last Friday, Eurodollar again tested the group of upper fibo-levels and rebounded from them once more.
04.02.2016

Fibonacci Retracements Analysis 04.02.2016 (EUR/USD, EUR/GBP)

The market is growing quite steadily.
04.02.2016

Forex Technical Analysis 04.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken triangle pattern upwards, expanded the channel, and reached the target.
03.02.2016

Fibonacci Retracements Analysis 03.02.2016 (EUR/USD, EUR/GBP)

In case of Europound, the uptrend continues.
03.02.2016

Forex Technical Analysis 03.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has again reached the upper border of triangle pattern; by now, the pair has formed the descending impulse and corrected it.
02.02.2016

Fibonacci Retracements Analysis 02.02.2016 (EUR/USD, EUR/GBP)

Eurodollar continues moving sideways.