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.

21.01.2021

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.
14.01.2021

Forex Technical Analysis & Forecast 14.01.2021

After finishing the descending impulse at 55.80 along with the correction towards 56.50, Brent is falling to return to 55.80 and break it.
13.01.2021

Forex Technical Analysis & Forecast 13.01.2021

After breaking 104.00 to the downside, USDJPY has reached the short-term downside target at 103.54.
12.01.2021

Forex Technical Analysis & Forecast 12.01.2021

GBPUSD is still falling towards 1.3440.