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.

26.07.2019

Technical analysis 26.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Oil has formed a consolidation range above 62.95. Upon breaking it downwards, a decline to 61.70 seems possible.
25.07.2019

Technical Analysis 25.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

After a couple of attempts of growth, the pair has bounced off 1.1155 downwards. At the moment we are considering trend continuation to 1.1120.
24.07.2019

Technical Analysis 24.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

The instrument keeps developing the structure of growth. Today it may reach 108.34, then continue the downtrend to 107.37.
23.07.2019

Technical Analysis 23.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

The pair is trading in the structure of the second impulse for decline. The goal is at 0.7011.
22.07.2019

Technical Analysis 22.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

At the moment the market has formed a pattern of trend continuation around 1.1225.
19.07.2019

Technical Analysis 19.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

USDRUB keeps trading inside the consolidation area under 63.20.
18.07.2019

Technical Analysis 18.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

USDCHF is correcting, trading to 0.9835. Then growth to 0.9940 may follow.
17.07.2019

Technical Analysis 17.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

The pair is trading under pressure for decline. Today it might hit 1.1180, then make a correction to 1.1295.