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.
USD is strengthening against EUR and GBP, while the S&P 500 index may start a new descending wave. Other instruments we’ll mention are JPY, CHF, AUD, Brent, and Gold.
Gold may update its high, while EUR and GBP are correcting their ascending waves. We’ll also talk about JPY, CHF, AUD, Brent, and the S&P 500 index.
EUR and GBP continue trading upwards, while Gold is still consolidating. JPY, CHF, AUD, Brent, and the S&P 500 index are also covered in the overview.
EURUSD and USDJPY are forming their respective consolidation ranges. Today’s overview also covers GBPUSD, USDCHF, AUDUSD, Brent, and Gold.
GBPUSD is still moving upwards, while EURUSD and Gold are consolidating. Among other assets discussed in the overview are JPY, CHF, AUD, Brent, and the S&P 500 Index.
The USD is losing the positions regained yesterday. The instruments we’ll mention are EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, Brent, Gold, and the S&P 500 index.
The S&P 500 has started falling, while Brent may get even cheaper. We’ll also talk about EURUSD, GBPUSD, Gold, USDJPY, USDCHF, and AUDUSD.
EURUSD and GBPUSD may continue trading downwards. USDJPY, USDCHF, AUDUSD, Brent, Gold and the S&P 500 index are also covered in the overview.