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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.

18.02.2016

Forex Technical Analysis 18.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Being under pressure, Eurodollar is falling towards 1.1000.
18.02.2016

Fibonacci Retracements Analysis 18.02.2016 (EUR/USD, EUR/GBP)

After rebounding from the group of upper fibo-levels, Eurodollar has started a new correction.
17.02.2016

Fibonacci Retracements Analysis 17.02.2016 (EUR/USD, EUR/GBP)

Europound has successfully reached its upside targets and right now is being corrected.
17.02.2016

Forex Technical Analysis 17.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is consolidating near the minimums of its descending wave.
16.02.2016

Fibonacci Retracements Analysis 16.02.2016 (EUR/USD, EUR/GBP)

Eurodollar has rebounded from the group of upper fibo-levels and started a new correction.
16.02.2016

Forex Technical Analysis 16.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached its predicted downside target.
15.02.2016

Fibonacci Retracements Analysis 15.02.2016 (EUR/USD, EUR/GBP)

Europound has successfully reached its upside targets and right now is being corrected.
12.02.2016

Fibonacci Retracements Analysis 12.02.2016 (EUR/USD, EUR/GBP)

In case of Eurodollar, the uptrend continues.
12.02.2016

Forex Technical Analysis 12.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound is forming an ascending structure with the target at 1.4700.
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.