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.

28.08.2013

Forex Technical Analysis 28.08.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro is still moving above the level of 1.3344 and may continue growing up towards the target at 1.3480. We think, today the price may test the level of 1.3344 again from above and then continue moving towards the above-mentioned target. Later, in our opinion, the pair may start a descending correction to reach the level of 1.3200.
28.08.2013

Bill Williams’ Indicators Analysis 28.08.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; AO is near the balance line, AC is in the grey zone; there is a Fade bar on the MFI. I expect the price to move upwards.
27.08.2013

Forex Technical Analysis 27.08.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro continues consolidating before starting moving upwards again. We think, today the price may leave this consolidation channel upwards and reach the level of 1.3480. Later, in our opinion, the pair may form a descending correction towards the level of 1.3344 or even 1.3200, and then start a new ascending movement to reach the target at 1.3600.
27.08.2013

Bill Williams’ Indicators Analysis 27.08.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator is still moving upwards. The price is forming a bullish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. I expect the price to move upwards.
27.08.2013

Fibonacci Retracements Analysis 27.08.2013 (EUR/USD, USD/CHF)

Euro is still being corrected; the pair may start a new ascending movement at any moment. Later, the price is expected to break the latest maximums and reach the target area, formed by the levels of 161.8%, 78.6%, and 50%.
26.08.2013

Fibonacci Retracements Analysis 26.08.2013 (EUR/USD, USD/CHF)

The pair is being corrected. Earlier Euro rebounded from the local correctional level of 61.8%. It looks like the bulls’ next target is in the area formed by the levels of 161.8%, 78.6%, and 50%.
26.08.2013

Bill Williams’ Indicators Analysis 26.08.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator is “hiding” its lips, but still moving upwards. The price finished a bearish fractal; the angle of angulation is closed; AO and AC are in the red zone; there is a Squat bar on the MFI. I expect the price to move upwards.
26.08.2013

Forex Technical Analysis 26.08.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro continues moving upwards; right now, the market is forming a continuation pattern towards the level of 1.3480. After reaching this level, the pair may form a descending correction towards the target at 1.3200 and then start a new ascending wave towards the level of 1.3600.