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.

12.02.2024

Technical Analysis & Forecast 12.02.2024

GBP finishes correction. The overview also covers the dynamics of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
09.02.2024

Technical Analysis & Forecast 09.02.2024

JPY might begin a decline wave. The overview also covers the dynamics of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
08.02.2024

Technical Analysis & Forecast 08.02.2024

Brent could extend the growth wave. The overview also covers the dynamics of EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
07.02.2024

Technical Analysis & Forecast 07.02.2024

EUR might continue correcting before a new decline. The overview also covers the dynamics of GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
06.02.2024

Technical Analysis & Forecast 06.02.2024

Gold is correcting. The overview also describes the dynamics of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
05.02.2024

Technical Analysis & Forecast 05.02.2024

GBP could continue the decline wave. The overview also covers the dynamics of EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
02.02.2024

Technical Analysis & Forecast 02.02.2024

Gold may maintain its upward momentum. The overview also covers the performance of EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
01.02.2024

Technical Analysis & Forecast for February 2024

We are discussing prospects for EURUSD, GBPUSD, USDJPY, Brent, Gold, and the S&P 500 index in February.