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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.

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.
13.10.2015

Fibonacci Retracements Analysis 13.10.2015 (EUR/USD, EUR/GBP)

The ascending correction continues; its target is at 0.7490.
13.10.2015

Forex Technical Analysis 13.10.2015 (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.
12.10.2015

Forex Technical Analysis 12.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Gold has broken the upper border of triangle consolidation pattern.
09.10.2015

Forex Technical Analysis 09.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving in the center of flag correctional pattern; the target of this correction is at 1.1330.
08.10.2015

Forex Technical Analysis 08.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving in the center of flag correctional pattern
08.10.2015

Fibonacci Retracements Analysis 08.10.2015 (EUR/USD, EUR/GBP)

Several rebounds from the group of upper fibo-levels indicate that Europound may start moving downwards again.
07.10.2015

Fibonacci Retracements Analysis 07.10.2015 (EUR/USD, EUR/GBP)

The pair continues moving sideways.
07.10.2015

Forex Technical Analysis 07.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is moving inside flag correctional pattern; the pair is trying to continue growing towards 1.1322.
06.10.2015

Fibonacci Retracements Analysis 06.10.2015 (EUR/USD, EUR/GBP)

After making a fast ascending movement at the end of the last week, the pair is trying to resume falling.
06.10.2015

Forex Technical Analysis 06.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is falling to reach the target at 1.1133.
05.10.2015

Forex Technical Analysis 05.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Eurodollar is forming another descending structure towards 1.1136.
05.10.2015

Fibonacci Retracements Analysis 05.10.2015 (EUR/USD, EUR/GBP)

The pair is still moving inside the flat.