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.

19.08.2016

Forex Technical Analysis 19.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The EUR/USD pair is forming the descending impulse.
18.08.2016

Fibonacci Retracements Analysis 18.08.2016 (EUR/USD, EUR/GBP)

Yesterday, the EUR/USD pair reached a new high.
18.08.2016

Forex Technical Analysis 18.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The EUR/USD pair hasn’t been able to continue the descending wave and right now is moving upwards.
17.08.2016

Fibonacci Retracements Analysis 17.08.2016 (EUR/USD, EUR/GBP)

After rebounding from the correctional retracement of 78.6%, the EUR/USD pair continues the correction.
17.08.2016

Forex Technical Analysis 17.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The EUR/USD pair has completed the descending impulse and the correction.
16.08.2016

Fibonacci Retracements Analysis 16.08.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair continues growing.
16.08.2016

Forex Technical Analysis 16.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The EUR/USD pair is moving upwards; it has returned to the upside border of the consolidation channel.
15.08.2016

Forex Technical Analysis 15.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The EUR/USD pair is forming the first descending impulse.
15.08.2016

Fibonacci Retracements Analysis 15.08.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair hasn’t been able to stay above the correctional retracement of 78.6% and rebounded from it.
12.08.2016

Forex Technical Analysis 12.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The EUR/USD pair has corrected the previous ascending impulse.
12.08.2016

Fibonacci Retracements Analysis 12.08.2016 (EUR/USD, EUR/GBP)

After rebounding from the correctional retracement of 78.6%, the EUR/USD pair is trying to resume falling.
11.08.2016

Fibonacci Retracements Analysis 11.08.2016 (EUR/USD, EUR/GBP)

The EUR/USD pair hasn’t been able to break the correctional retracement of 78.6% after all, which means that it may resume falling.
10.08.2016

Fibonacci Retracements Analysis 10.08.2016 (EUR/USD, EUR/GBP)

Europound is still moving close to the correctional retracement of 78.6%.
10.08.2016

Forex Technical Analysis 10.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

The GBP/USD pair is moving inside the fifth wave of the downtrend.