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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.

01.12.2015

Fibonacci Retracements Analysis 01.12.2015 (EUR/USD, EUR/GBP)

Eurodollar is being corrected.
01.12.2015

Forex Technical Analysis 01.12.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is making another attempt to form a correction towards 1.0610.
30.11.2015

Forex Technical Analysis 30.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is still moving inside a very narrow trading range close to its lows.
30.11.2015

Fibonacci Retracements Analysis 30.11.2015 (EUR/USD, EUR/GBP)

At the end of the last week, the price rebounded from the local retracements of 61.8%.
27.11.2015

Fibonacci Retracements Analysis 27.11.2015 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8%, Eurodollar has resumed its decline.
27.11.2015

Wave Analysis 27.11.2015 (EUR/USD, GBP/USD, USD/JPY, AUD/USD)

It looks like the pair continues forming the extension in the wave 3.
27.11.2015

Forex Technical Analysis 27.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving inside a very narrow trading range without any particular direction.
26.11.2015

Fibonacci Retracements Analysis 26.11.2015 (EUR/USD, EUR/GBP)

Yesterday, Eurodollar rebounded from the retracement of 61.8% and reached a new low.
26.11.2015

Forex Technical Analysis 26.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound is being corrected towards 1.5149 to test it from below.
25.11.2015

Forex Technical Analysis 25.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is consolidating and may expand this channel upwards to reach 1.0700.
25.11.2015

Fibonacci Retracements Analysis 25.11.2015 (EUR/USD, EUR/GBP)

Eurodollar is still being corrected.
24.11.2015

Fibonacci Retracements Analysis 24.11.2015 (EUR/USD, EUR/GBP)

After rebounding from the retracement of 61.8%, Eurodollar has resumed its decline.
24.11.2015

Forex Technical Analysis 24.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

After reaching new lows, Eurodollar has started consolidating.
23.11.2015

Fibonacci Retracements Analysis 23.11.2015 (EUR/USD, EUR/GBP)

Europound is about to complete the local correction as well.