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.

04.02.2014

Fibonacci Retracements Analysis 04.02.2014 (EUR/USD, USD/CHF)

Euro is moving close level of 61.8%. If later price is able to stay above this level, pair may start new ascending movement towards upper fibo-levels. Otherwise, current correction may continue towards level of 78.6%.
04.02.2014

Bill Williams’ Indicators Analysis 04.02.2014 (USD/CAD, NZD/USD)

At H4 chart of USD CAD, Alligator is sleeping. Indicators are in green zone; there is Green bar on the MFI and might be Squat one too. After bullish fractal, I expect breakout of fractals to the downside.
04.02.2014

Forex Technical Analysis 04.02.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro formed the first ascending impulse and corrected it. We think, today price may continue moving upwards to break maximum of the first impulse and descending channel as well. Main target of this ascending movement is at level of 1.3700.
03.02.2014

Fibonacci Retracements Analysis 03.02.2014 (EUR/USD, USD/CHF)

Euro broke both levels of 61.8%, but still may return and move above them. If it happens, pair will start new ascending movement. Otherwise, current correction may continue towards level of 78.6%.
03.02.2014

Forex Technical Analysis 03.02.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro is still moving inside descending channel, which may be considered as correction. We think, today price may reach new minimum and then start new ascending wave to reach target at level of 1.3570.
03.02.2014

Bill Williams’ Indicators Analysis 03.02.2014 (USD/CAD, NZD/USD)

At H4 chart of USD/CAD, Alligator is closing its mouth. Indicators are in red zone; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
31.01.2014

Fibonacci Retracements Analysis 31.01.2014 (EUR/USD, USD/CHF)

Euro is still being corrected. Earlier price rebounded from level of 61.8% and right now is testing it again. If pair rebounds from this level again, market may start growing up. Otherwise, it will move towards level of 78.6%.
31.01.2014

Bill Williams’ Indicators Analysis 31.01.2014 (USD/CAD, NZD/USD)

At H4 chart of USD/CAD, indicators are in green zone again. We can see divergence with AO; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.