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.

02.06.2023

Technical Analysis & Forecast 02.06.2023

Brent continues growing. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
01.06.2023

Technical Analysis & Forecast for June 2023

We’re discussing prospects for EURUSD, GBPUSD, USDJPY, Brent, Gold, and the S&P 500 index in June.
01.06.2023

Technical Analysis & Forecast 01.06.2023

Gold continues declining. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
31.05.2023

Technical Analysis & Forecast 31.05.2023

GBP starts a wave of decline. The overview also describes the dynamics of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
30.05.2023

Technical Analysis & Forecast 30.05.2023

CHF is consolidating before growth. Also in the overview: EUR, GBP, JPY, AUD, Brent, Gold, and the S&P 500 index.
29.05.2023

Technical Analysis & Forecast 29.05.2023

EUR continues correcting. The overview also touches upon the dynamics of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
26.05.2023

Technical Analysis & Forecast 26.05.2023

Gold starts growing. Also in the overview: EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
25.05.2023

Technical Analysis & Forecast 25.05.2023

JPY might start correcting. The overview also covers the dynamics of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.