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.

Technical analysis offers a trader a range of patterns that can predict price movement. Some of them predict a price reversal in one direction or another, others - a repetition of changes. To make it easier to use technical analysis, there is a number of indicators that include several parameters from the price chart. So, both experienced and novice traders can resort to technical analysis - it is believed that both of them should be familiar with the basics of technical analysis. It should be noted that forecasts made based on technical analysis cannot be considered 100% accurate, but they can still make trading more efficient. This page presents conclusions and forecasts made by RoboForex experts based on tech analysis.

24.05.2024

Technical Analysis & Forecast 24.05.2024

The S&P 500 index may strengthen its wave of decline. This overview also describes the price dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
23.05.2024

Technical Analysis & Forecast 23.05.2024

Gold may accelerate the wave of decline. The overview also describes the price dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
22.05.2024

Technical Analysis & Forecast 22.05.2024

EUR may accelerate its decline. The overview also analyses the performance of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
21.05.2024

Technical Analysis & Forecast 21.05.2024

AUD is intensifying a decline wave. The overview also describes EUR, GBP, JPY, CHF, Brent, Gold, and the S&P 500 index.
20.05.2024

Technical Analysis & Forecast 20.05.2024

Gold continues to rise. The overview also covers the performance of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
17.05.2024

Technical Analysis & Forecast 17.05.2024

GBP is consolidating ahead of a new decline wave. The overview also covers the performance of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
16.05.2024

Technical Analysis & Forecast 16.05.2024

AUD may intensify a decline wave. The overview also addresses the performance of EUR, GBP, JPY, CHF, Brent, Gold, and the S&P 500 index.
15.05.2024

Technical Analysis & Forecast 15.05.2024

EUR may continue to correct. The overview also describes the performance of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.