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.

01.07.2022

Forex Technical Analysis & Forecast 01.07.2022

EUR continues trading to the downside. Among other assets discussed in the overview are GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
30.06.2022

Forex Technical Analysis & Forecast 30.06.2022

Gold continues falling. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
29.06.2022

Forex Technical Analysis & Forecast 29.06.2022

The S&P 500 index may form another structure to the upside. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
28.06.2022

Forex Technical Analysis & Forecast 28.06.2022

Brent continues trading to the upside. EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index are also covered in the overview.
27.06.2022

Forex Technical Analysis & Forecast 27.06.2022

Gold is consolidating. Today’s overview also covers EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 Index.
24.06.2022

Forex Technical Analysis & Forecast 24.06.2022

The S&P 500 index is forming a new wave to the upside. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
23.06.2022

Forex Technical Analysis & Forecast 23.06.2022

Brent has completed the correctional wave. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
22.06.2022

Forex Technical Analysis & Forecast 22.06.2022

EUR continues moving within the descending tendency. We’ll also talk about GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.