Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

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 07.01.2016 (EUR/USD, EUR/GBP)

Eurodollar has started a fast ascending correction.

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.

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

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

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

On Monday, Eurodollar started a new local correction.

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

At the daily chart, Eurodollar is being corrected.

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.

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

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

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.

Fibonacci Retracements Analysis 28.12.2015 (EUR/USD, EUR/GBP)

Eurodollar is still consolidating.

Forex Technical Analysis 28.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave.

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.

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.

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).

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.

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

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