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.

21.03.2022

Forex Technical Analysis & Forecast 21.03.2022

Brent has the potential for growth. Today’s overview also covers EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 Index.
18.03.2022

Forex Technical Analysis & Forecast 18.03.2022

JPY started a new descending wave. Among other assets discussed in the overview are EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
17.03.2022

Forex Technical Analysis & Forecast 17.03.2022

EUR continues growing. Other instruments we’ll mention include GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
16.03.2022

Forex Technical Analysis & Forecast 16.03.2022

Brent may start a new wave to the upside. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
15.03.2022

Forex Technical Analysis & Forecast 15.03.2022

GBP is s starting a wave to the upside. EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index are also covered in the overview.
14.03.2022

Forex Technical Analysis & Forecast 14.03.2022

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