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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.

10.11.2016

Fibonacci Retracements Analysis 10.11.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair continues moving downwards.
10.11.2016

Forex Technical Analysis 10.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair has broken its ascending channel and right now is forming another descending wave.
09.11.2016

Fibonacci Retracements Analysis 09.11.2016 (EUR/USD, EUR/GBP)

The EUR/GBP pair is still consolidating.
09.11.2016

Forex Technical Analysis 09.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Being influenced by the news, the EUR/USD pair has broken 1.1100 upwards.
08.11.2016

Fibonacci Retracements Analysis 08.11.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair is still being corrected.
08.11.2016

Forex Technical Analysis 08.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair has broken 1.1065 downwards and right now is consolidating.
07.11.2016

Fibonacci Retracements Analysis 07.11.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair couldn’t fix above the correctional retracement of 61.8% after all and started moving downwards.
04.11.2016

Forex Technical Analysis 04.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair has completed the descending impulse and the correction.
04.11.2016

Fibonacci Retracements Analysis 04.11.2016 (EUR/USD, EUR/GBP)

At the H4 chart, the EUR/USD pair is still consolidating.
03.11.2016

Fibonacci Retracements Analysis 03.11.2016 (EUR/USD, EUR/GBP)

Just as we expected earlier, the EUR/USD pair faced resistance from the correctional retracement of 61.8% and rebounded from it.
03.11.2016

Forex Technical Analysis 03.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

The EUR/USD pair is still growing; this structure may be considered as a correction.
02.11.2016

Fibonacci Retracements Analysis 02.11.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair broke the correctional retracements of 38.2% and 50% easily.
01.11.2016

Fibonacci Retracements Analysis 01.11.2016 (EUR/USD, EUR/GBP)

The EUR/GBP pair has almost reached the upside target area, which provided resistance earlier.