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.

31.03.2023

Technical Analysis & Forecast 31.03.2023

Gold is consolidating before a decline. In the overview, we will also review EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
30.03.2023

Technical Analysis & Forecast 30.03.2023

Brent continues a correction. Also in the overview: EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
29.03.2023

Technical Analysis & Forecast 29.03.2023

EUR is consolidating before a decline. We will also review: GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
28.03.2023

Technical Analysis & Forecast 28.03.2023

Gold continues the wave of decline. Also in the overview: EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
27.03.2023

Technical Analysis & Forecast 27.03.2023

Brent continues a wave of growth. Also in the overview: EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
24.03.2023

Technical Analysis & Forecast 24.03.2023

Gold continues the wave of decline. Also in the overview: EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
23.03.2023

Technical Analysis & Forecast 23.03.2023

Brent continues the wave of growth. Also in the overview: EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
22.03.2023

Technical Analysis & Forecast 22.03.2023

Gold will continue a wave of decline. Also in the overview: EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.