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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.

27.12.2015

Forex Technical Analysis for 2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

On the weekly chart, Pound broke the lower border of its consolidation range and formed the central part of the continuation pattern at 1.5110.
23.12.2015

Candlestick analysis for EUR/USD and USD/JPY on 23.12.2015

On the 4-hour Euro Dollar chart the Engulfing Bearish model indicates the downward direction.
23.12.2015

Fibonacci analysis for EUR / USD and EUR / GBP on 23.12.2015

The euro is trying to return to a decline. Earlier, the price formed a retreat from the congestion of the upper Fibo levels in the region of 50% (1.1000).
23.12.2015

Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 23.12.2015

The euro dollar currency pair is trading with a decline today. The channel of the fourth component of growth is breaking through.
22.12.2015

Fibonacci Retracements Analysis 22.12.2015 (EUR/USD, EUR/GBP)

The current ascending correction has turned out to be deeper than we expected.
21.12.2015

Fibonacci Retracements Analysis 21.12.2015 (EUR/USD, EUR/GBP)

After rebounding from the group of upper fibo-levels, Eurodollar started a descending correction.
21.12.2015

Forex Technical Analysis 21.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is consolidating; at the moment, the market is forming an ascending structure to expand the channel upwards.
18.12.2015

Fibonacci Retracements Analysis 18.12.2015 (EUR/USD, EUR/GBP)

Europound is trying to rebound from the group of upper fibo-levels and resume its movement inside the current downtrend.
18.12.2015

Forex Technical Analysis 18.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has expanded its trading range downwards and returned to the center of the channel.
17.12.2015

Forex Technical Analysis 17.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Franc has completed its correction and broken the top of its first ascending impulse.
17.12.2015

Fibonacci Retracements Analysis 17.12.2015 (EUR/USD, EUR/GBP)

After rebounding from the group of upper fibo-levels, Eurodollar has started a descending correction.
16.12.2015

Fibonacci Retracements Analysis 16.12.2015 (EUR/USD, EUR/GBP)

Yesterday, Eurodollar rebounded from the group of upper fibo-levels and started a descending correction.
16.12.2015

Forex Technical Analysis 16.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has finished another descending structure to expand its consolidation channel downwards.
15.12.2015

Fibonacci Retracements Analysis 15.12.2015 (EUR/USD, EUR/GBP)

Eurodollar is moving near the group of upper fibo-level close to the retracement of 50%.