Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
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.

05.11.2015

Forex Technical Analysis 05.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has broken its consolidation channel downwards and reached the target of the expansion.
04.11.2015

Forex Technical Analysis 04.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has formed a continuation pattern close to 1.0976 and right now is moving to reach 1.0870, thus expanding the consolidation channel downwards.
04.11.2015

Fibonacci Retracements Analysis 04.11.2015 (EUR/USD, EUR/GBP)

After rebounding from the group of fibo-levels at 1.0930, Eurodollar has started the local correction.
03.11.2015

Fibonacci Retracements Analysis 03.11.2015 (EUR/USD, EUR/GBP)

As we can see at the H1 chart, the ascending correction has reached the retracement of 78.6%.
03.11.2015

Forex Technical Analysis 03.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is consolidating without any particular direction.
02.11.2015

Fibonacci Retracements Analysis 02.11.2015 (EUR/USD, EUR/GBP)

The pair has successfully completed the correction and resumed falling.
02.11.2015

Forex Technical Analysis 02.11.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound has expanded its consolidation channel upwards and almost finished the correction.
30.10.2015

Fibonacci Retracements Analysis 30.10.2015 (EUR/USD, EUR/GBP)

After rebounding from the group of fibo-levels at 1.0930, Eurodollar has started the local correction.
30.10.2015

Forex Technical Analysis 30.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has returned to 1.1000 to test it from below.
29.10.2015

Forex Technical Analysis 29.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound is falling towards its local target at 1.5241.
29.10.2015

Fibonacci Retracements Analysis 29.10.2015 (EUR/USD, EUR/GBP)

Eurodollar has reached the group of fibo-levels at 1.0930.
28.10.2015

Fibonacci Retracements Analysis 28.10.2015 (EUR/USD, EUR/GBP)

At the H1 chart, Eurodollar has reached the correctional retracement of 50% and rebounded from it several times.
27.10.2015

Fibonacci Retracements Analysis 27.10.2015 (EUR/USD, EUR/GBP)

The short-term correction is taking place.