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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.

23.10.2015

Fibonacci Retracements Analysis 23.10.2015 (EUR/USD, EUR/GBP)

Eurodollar has started a fast decline.
23.10.2015

Forex Technical Analysis 23.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Pound has broken the ascending channel and the minimum of triple top reversal pattern.
22.10.2015

Forex Technical Analysis 22.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is falling to break the ascending channel downwards at 1.1330.
22.10.2015

Fibonacci Retracements Analysis 22.10.2015 (EUR/USD, EUR/GBP)

Eurodollar is starting a new descending movement.
21.10.2015

Fibonacci Retracements Analysis 21.10.2015 (EUR/USD, EUR/GBP)

Eurodollar is still consolidating, but later the market may resume moving downwards.
20.10.2015

Fibonacci Retracements Analysis 20.10.2015 (EUR/USD, EUR/GBP)

Eurodollar is being corrected, but later the market may resume moving downwards.
20.10.2015

Forex Technical Analysis 20.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving downwards with the target at 1.1300.
19.10.2015

Fibonacci Retracements Analysis 19.10.2015 (EUR/USD, EUR/GBP)

Eurodollar continues falling.
19.10.2015

Forex Technical Analysis 19.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Australian Dollar is still consolidating inside triangle pattern.
16.10.2015

Forex Technical Analysis 16.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has completed the descending impulse with the target at 1.1375; the impulse is quite strong and may yet continue.
15.10.2015

Fibonacci Retracements Analysis 15.10.2015 (EUR/USD, EUR/GBP)

Eurodollar has successfully rebounded from the retracement of 61.8%, which means that it may start a new descending movement.
15.10.2015

Forex Technical Analysis 15.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar has expanded its consolidation channel upwards.
14.10.2015

Fibonacci Retracements Analysis 14.10.2015 (EUR/USD, EUR/GBP)

Eurodollar is moving close to the retracement of 50% and other levels near it.
14.10.2015

Forex Technical Analysis 14.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving inside the narrow consolidation channel at the top of flag correctional pattern.