Forex Technical analysis and forecasts

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.


Forex Technical Analysis & Forecast 14.06.2021

After completing the descending structure at 1.2093, EURUSD is consolidating above this level. Today, the pair may expand the range down to 1.2090.

Forex Technical Analysis & Forecast 11.06.2021

Gold is still consolidating around 1890.00. If later the price breaks this range to the upside, the market may start a new growth towards 1927.81.

Forex Technical Analysis & Forecast 10.06.2021

Brent has expanded the range up to 72.61. Possibly, today the asset may correct towards 70.00 and then resume trading upwards with the short-term target at 75.55.

Forex Technical Analysis & Forecast 09.06.2021

USDJPY is still consolidating around 109.44; right now, it is growing towards 109.85.

Forex Technical Analysis & Forecast 08.06.2021

GBPUSD is consolidating 1.4155; right now, it is falling towards 1.4104.

Forex Technical Analysis & Forecast 07.06.2021

AUDUSD has finished the correction at 0.7735. Today, the pair may form a new descending structure towards 0.7627 and then start another correction to reach 0.7685.

Forex Technical Analysis & Forecast 04.06.2021

After completing the ascending wave at 0.9037, USDCHF is consolidating around this level and forming an upside continuation pattern.

Forex Technical Analysis & Forecast 03.06.2021

After finishing the ascending wave at 109.87, USDJPY has completed the correction towards 109.51; right now, it is growing to break 110.08.