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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.

22.07.2016

Analysis on Fibonacci for EUR/USD and EUR/GBP on 22.07.2016

After pullback from fibo-level 50% Euro to US Dollar is descending again. It is quite likely that in the beginning of the next week market will test lower targets near 1.0810.
22.07.2016

Technical Analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 22.07.2016

Currency pair Euro to US Dollar upgraded low and performed impulse of correction.
21.07.2016

Anlalysis on Fiboonacci for EUR/USD and EUR/GBP on 21.07.2016

Euro to US Dollar after pullback from correction mark 50% keeps to descend.
21.07.2016

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 21.07.2016

Bearish trend is on 4 hour chart of Euro-US Dollar, Hammer and Inverted Hammer models pointed on upward direction.
21.07.2016

Technical Analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 21.07.2016

Currency pair Euro to US Dollar broadened consolidated diapason to the top and is traded in correction to level 1.
20.07.2016

Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 20.07.2016

Currency pair Euro-US Dollar tested next target of descending matrix. Today market is traded in narrow consolidated diapason on lows of this matrix.
20.07.2016

Analysis on Fibonacci for EUR/USD and EUR/GBP on 20.07.2016

Pullback from correction mark 50% resulted in new coil of Euro-US Dollar descending.
20.07.2016

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 20.07.2016

Bearish trend is on 4 hour chart of Euro-US Dollar, middle Window resisted, Engulfing model pointed on downward direction.
19.07.2016

Analysis on Fibonacci for EUR/USD and EUR/GBP on 19.07.2016

Double pullback from correction mark 50% pointed on possibility of resuming of the pair descending.
19.07.2016

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 19.07.2016

On 4 hour chart of Euro to US Dollar, there is correction within black candlestick, middle Window resists, Harami model points on rollback to the top.
19.07.2016

Technical Analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 19.07.2016

Currency pair Euro-US Dollar is traded in consolidated diapason. Market in momentum tries to grow to level 1.1100.
18.07.2016

Analysis on Fibonacci for EUR/USD and EUR/GBP on 18.07.2016

After repeated pullback from mark 50%, Euro-US Dollar tries to return to descending.
18.07.2016

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 18.07.2016

On 4 hour chart of Euro-US Dollar, correction is within black candlestick, the middle window resisted, Engulfing model pointed on bearish resistance.
18.07.2016

Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 18.07.2016

Currency pair Euro-US Dollar is traded in structure of descending trend.
15.07.2016

Analysis on Fibonacci for EUR/USD and EUR/GBP on 15.07.2016

After double pullback from corrected mark 50%, Euro-US Dollar tries again to return to descending.