Forex Technical analysis and forecasts

Technical analysis is based on the assumption that it is possible to look at historical price action and determine probabilities of the potential price movement for currency or other trading instruments.

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 the behaviour of currency pairs on the basis of traded value, movement direction, investors’ common interests, and fluctuations history.

Most traders who use technical analysis consolidate the capabilities of several technical tools, such as moving averages, to predict future short-term momentum, but they never fully realize all potential for identifying levels of support and resistance.

In technical analysis, support and resistance levels are needed to identify price points on the chart, which indicate a reversal or pause of a prevailing trend.

It is important to understand there is no magical combination of technical analytics instruments that will unlock a strategy with unchecked gains for traders.

21.01.2022

Forex Technical Analysis & Forecast 21.01.2022

The S&P 500 index continues falling. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
20.01.2022

Forex Technical Analysis & Forecast 20.01.2022

Gold may correct to the downside. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
19.01.2022

Forex Technical Analysis & Forecast 19.01.2022

EUR may start a new wave to the upside. We’ll also talk about GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
18.01.2022

Forex Technical Analysis & Forecast 18.01.2022

Brent continues trading upwards. EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index are also covered in the overview.
17.01.2022

Forex Technical Analysis & Forecast 17.01.2022

GBP may complete the correction. Today’s overview also covers EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 Index.
14.01.2022

Forex Technical Analysis & Forecast 14.01.2022

The S&P 500 index is consolidating. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
13.01.2022

Forex Technical Analysis & Forecast 13.01.2022

EUR may start a new correctional wave. Other instruments we’ll mention include GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
12.01.2022

Forex Technical Analysis & Forecast 12.01.2022

Brent may correct. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.