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.

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.
15.09.2020

Forex Technical Analysis & Forecast 15.09.2020

EURUSD is no longer consolidating within a Triangle pattern; after reaching 1.1890, it has broken this level to the upside.
14.09.2020

Forex Technical Analysis & Forecast 14.09.2020

After rebounding from the support line and transforming a correctional channel into an ascending one, BTCUSD is growing towards the key resistance line at 10640.00.
11.09.2020

Forex Technical Analysis & Forecast 11.09.2020

Gold rests in a medium-term downtrend. Yesterday, the market completed a wave of ascending pullback, breaking away the local support line.
10.09.2020

Forex Technical Analysis & Forecast 10.09.2020

USDCHF performed a link of decline to 0.9130. For now, the market is pushed downwards.