Technical Analysis of the Currency Market

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.

25.09.2020

Forex Technical Analysis & Forecast 25.09.2020

The S&P index is consolidating around 3269.9.
24.09.2020

Forex Technical Analysis & Forecast 24.09.2020

Brent is still consolidating below 42.60.
23.09.2020

Forex Technical Analysis & Forecast 23.09.2020

USDRUB is still consolidating around 76.00.
22.09.2020

Forex Technical Analysis & Forecast 22.09.2020

After breaking 42.80 to the downside and finishing the correction at 41.41, Brent is growing to test 42.80 from below.
21.09.2020

Forex Technical Analysis & Forecast 21.09.2020

After completing the correction at 1.2864, GBPUSD is forming another ascending structure to reach 1.2990.
18.09.2020

Forex Technical Analysis & Forecast 18.09.2020

After testing and rebounding from 104.88, USDJPY is still trading downwards and trying to test the upside border of the current channel.
17.09.2020

Forex Technical Analysis & Forecast 17.09.2020

After testing and breaking 104.88, USDJPY is expected to continue falling with the target at 104.40.
16.09.2020

Forex Technical Analysis & Forecast 16.09.2020

USDRUB is slowly falling towards the support area at 74.50.