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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.

04.02.2016

Forex Technical Analysis 04.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken triangle pattern upwards, expanded the channel, and reached the target.
03.02.2016

Fibonacci Retracements Analysis 03.02.2016 (EUR/USD, EUR/GBP)

In case of Europound, the uptrend continues.
03.02.2016

Forex Technical Analysis 03.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has again reached the upper border of triangle pattern; by now, the pair has formed the descending impulse and corrected it.
02.02.2016

Fibonacci Retracements Analysis 02.02.2016 (EUR/USD, EUR/GBP)

Eurodollar continues moving sideways.
02.02.2016

Forex Technical Analysis 02.02.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has extended the correction and transformed it into a proper ascending wave.
01.02.2016

Fibonacci Retracements Analysis 01.02.2016 (EUR/USD, EUR/GBP)

In case of Europound, the uptrend continues.
29.01.2016

Forex Technical Analysis 29.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is forming a strong descending impulse to reach 1.0800.
28.01.2016

Fibonacci Retracements Analysis 28.01.2016 (EUR/USD, EUR/GBP)

Earlier this week, Eurodollar rebounded from the group of fibo-levels at 1.0800 – 1.0790 twice.
28.01.2016

Forex Technical Analysis 28.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Being influenced by the news, Eurodollar has completed another ascending structure.
27.01.2016

Fibonacci Retracements Analysis 27.01.2016 (EUR/USD, EUR/GBP)

After rebounding from the group of fibo-levels at 1.0800 – 1.0790 several times, Eurodollar is again attempting to resume its ascending movement.
27.01.2016

Forex Technical Analysis 27.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has completed its ascending structure as a correction.
26.01.2016

Fibonacci Retracements Analysis 26.01.2016 (EUR/USD, EUR/GBP)

On Tuesday, Eurodollar may try to test the group of fibo-levels at 1.0800 – 1.0790 once again.
26.01.2016

Forex Technical Analysis 26.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has reached the minimum target of the correction and right now is consolidating at the top of the ascending wave.
25.01.2016

Forex Technical Analysis 25.01.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Yen is moving inside its narrow consolidation channel at the top of the ascending structure.