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.

26.01.2021

Forex Technical Analysis & Forecast 26.01.2021

GBPUSD is still consolidating around 1.3680; right now, it is correcting to expand this range down to 1.3636.
25.01.2021

Forex Technical Analysis & Forecast 25.01.2021

EURUSD has formed another consolidation range around 1.2170; right now, it is moving to break it to the upside to reach the target at 1.2260.
22.01.2021

Forex Technical Analysis & Forecast 22.01.2021

After completing the ascending wave at 3866.7, the S&P index is correcting towards 3837.0.
21.01.2021

Forex Technical Analysis & Forecast 21.01.2021

Brent has finished the ascending wave at 56.47.
20.01.2021

Forex Technical Analysis & Forecast 20.01.2021

USDJPY has finished the descending wave at 103.76. Today, the pair may consolidate around this level.
19.01.2021

Forex Technical Analysis & Forecast 19.01.2021

After completing the descending wave at 1.3520, GBPUSD is growing to reach 1.3626.
18.01.2021

Forex Technical Analysis & Forecast 18.01.2021

After forming another consolidation range around 1.2111 and breaking it to the downside, EURUSD is expected to continue falling to reach 1.2050.
15.01.2021

Forex Technical Analysis & Forecast 15.01.2021

Gold is still consolidating above 1837.40; right now, it is moving towards the upside border at 1863.44.