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.

15.05.2013

Forex Technical Analysis 15.05.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro expanded its trading range. We think, today the price may reach a new minimum again and then return to the level of 1.2970 (at least). The target of the next descending structure will be at 1.2750.
15.05.2013

Bill Williams’ Indicators Analysis 15.05.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouthy upwards. The price is completing a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m planning to open more buy orders as soon as the price finishes a bearish fractal.
14.05.2013

Fibonacci Retracements Analysis 14.05.2013 (EUR/USD, USD/CHF)

The bears were stopped by the level of 61.8% and started a new correction. In the near term, the price may continue consolidating for a while. However, later it is expected to continue falling down towards the target area, formed by three fibo-levels..
14.05.2013

Forex Technical Analysis 14.05.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro returned to the level of 1.3011. We think, today the price may continue falling down, reach new minimums, and then return to the current levels one more time. Later, in our opinion, after expanding this trading range, the pair may start forming a new descending wave to reach the target at the level of 1.2830.
14.05.2013

Bill Williams’ Indicators Analysis 14.05.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator made a reverse upwards. The indicators are in the red zone; there is a Fade bar on the MFI; however, there might be a Squat one too. I placed a limit buy order near the Alligator’s teeth.
13.05.2013

Forex Technical Analysis 13.05.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro is still moving inside a descending wave. We think, today the price may return to the level of 1.3000 and then form another descending structure towards the target at 1.2840. Later, in our opinion, the pair may start one more correction to return to the level of 1.3000 once again.
13.05.2013

Fibonacci Retracements Analysis 13.05.2013 (EUR/USD, USD/CHF)

The bears continue pushing the pair downwards. The price has already reached the 61.8%, and right now, there is a possibility of a new correction. This consolidation may take several days, but later the pair is expected to continue falling down towards the target area.
13.05.2013

Bill Williams’ Indicators Analysis 13.05.2013 (USD/CAD, NZD/USD)

At the H4 chart of the USD/CAD currency pair, the Alligator is making a reverse upwards. The price completed a fractal above the Alligator’s mouth, and right now is forming a bearish one; the indicators are in the grey zone; there is a Squat bar on the MFI. I’m planning to place a limit buy order as soon as the price reached the Alligator’s teeth.