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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.

13.01.2016

Fibonacci Retracements Analysis 13.01.2016 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8%, Eurodollar started a fast growth, which was followed by a descending correction.
13.01.2016

Forex Technical Analysis 13.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Australian Dollar is moving to test 0.7070 from below.
12.01.2016

Forex Technical Analysis 12.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken its ascending channel and almost completed the correction.
11.01.2016

Fibonacci Retracements Analysis 11.01.2016 (EUR/USD, EUR/GBP)

Europound has reached the group of fibo-levels at 0.7530.
11.01.2016

Forex Technical Analysis 11.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached the target of its ascending wave and completed the correction.
08.01.2016

Fibonacci Retracements Analysis 08.01.2016 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8%, Eurodollar has started a fast growth.
07.01.2016

Fibonacci Retracements Analysis 07.01.2016 (EUR/USD, EUR/GBP)

Eurodollar has started a fast ascending correction.
06.01.2016

Fibonacci Retracements Analysis 06.01.2016 (EUR/USD, EUR/GBP)

Eurodollar has reached its target close to the group of fibo-levels at 1.0730.
05.01.2016

Fibonacci Retracements Analysis 05.01.2016 (EUR/USD, EUR/GBP)

Eurodollar is moving downwards quite fast; yesterday it broke the December’s low.
04.01.2016

Fibonacci Retracements Analysis 04.01.2016 (EUR/USD, EUR/GBP)

On Monday, Eurodollar started a new local correction.
30.12.2015

Monthly Fibonacci Retracements Analysis for January 2016 (EUR/USD, EUR/GBP)

At the daily chart, Eurodollar is being corrected.
30.12.2015

Forex Technical Analysis 30.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has formed another descending impulse and right now is consolidating.
29.12.2015

Fibonacci Retracements Analysis 29.12.2015 (EUR/USD, EUR/GBP)

Eurodollar is still consolidating near the group of upper fibo-levels.
29.12.2015

Forex Technical Analysis 29.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has almost reached the target of its ascending wave.