Technical analysis and forecasts

Currencies are believed to move in cycles, which means that one may try to estimate and predict their future fluctuations. Technical analysis helps to look into behavior of currency pairs on the basis of traded value, movement direction, investors’ common interests, and fluctuations history.

Technical analysis offers a trader a range of patterns that can predict price movement. Some of them predict a price reversal in one direction or another, others - a repetition of changes. To make it easier to use technical analysis, there is a number of indicators that include several parameters from the price chart. So, both experienced and novice traders can resort to technical analysis - it is believed that both of them should be familiar with the basics of technical analysis. It should be noted that forecasts made based on technical analysis cannot be considered 100% accurate, but they can still make trading more efficient. This page presents conclusions and forecasts made by RoboForex experts based on tech analysis.

13.03.2014

Bill Williams’ Indicators Analysis 13.03.2014 (USD/CAD, NZD/USD)

At H4 chart of USD CAD, Alligator is closing its mouth. Indicators are in red zone; we can see divergence with AO; there might be Squat bar on the MFI. I expect breakout of fractals to the downside.
13.03.2014

Forex Technical Analysis 13.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro is moving upwards; market has broken another consolidation channel upwards and continues growing up. We think, today price may reach level of 1.3990, stat new correction, and then continue its ascending movement towards level of 1.4100.
12.03.2014

Fibonacci Retracements Analysis 12.03.2014 (EUR/USD, USD/CHF)

Eurodollar is still being corrected. Earlier market rebounded from level of 61.8% and then started growing up. Most likely, bulls will each their target at level of 1.3970 in the nearest future.
12.03.2014

Bill Williams’ Indicators Analysis 12.03.2014 (USD/CAD, NZD/USD)

At H4 chart of USD CAD, Alligator reversed upwards. Indicators are in green zone; there are Squat bars on the MFI. I expect breakout of fractals to the upside.
12.03.2014

Forex Technical Analysis 12.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro is being corrected. We think, today price may reach level of 1.3820 and then form reversal pattern for new ascending movement towards level of 1.3990.
11.03.2014

Fibonacci Retracements Analysis 11.03.2014 (EUR/USD, USD/CHF)

It looks like Eurodollar is about to complete current correction. Target for bulls is near several fibo-levels at 1.3970. I opened two buy orders and expect pair to break latest maximum.
11.03.2014

Bill Williams’ Indicators Analysis 11.03.2014 (USD/CAD, NZD/USD)

At H4 chart of USD CAD, Alligator reversed upwards. Price is forming bullish fractal; indicators are in green zone; there is Squat bar on the MFI. I expect breakout of fractals to the upside.
11.03.2014

Forex Technical Analysis 11.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro is still consolidating. We think, today price may move downwards a little bit inside this consolidation channel, leave it upwards, and then continue growing up to reach level of 1.3990. Later, in our opinion, instrument may continue moving upwards towards level of 1.4100.