Forex 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.

12.12.2018

Forex Technical Analysis & Forecast 12.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

GBPUSD has completed another ascending structure towards 1.2638; right now, it is still trading downwards with the target at 1.2470.
11.12.2018

Forex Technical Analysis & Forecast 11.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Yesterday, EURUSD started another descending wave; it managed to form the first structure, the correction, and the third structure as well.
05.12.2018

Forex Technical Analysis & Forecast 05.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

AUDUSD has broken the consolidation channel downwards; right now, it is forming the first descending impulse with the target at 0.7256.
04.12.2018

Forex Technical Analysis & Forecast 04.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

USDJPY is forming another descending structure towards 113.03.
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