Today’s exchange rate forecast

Good planning implies сertain flexibility, including many variants of event development. The strategy on financial markets involving Forex forecasts works in a similar way

Analysts subdivide forecasts into 2 groups – for technical fundamental analysis. To make forecasts on the Forex market, two popular methods are used – horizontal volume estimation and wave analysis.

Horizontal volume estimation

This analysis demonstrates interest in a certain price level. It shows overall volume of making transactions for a specific period of time on a certain level. Analysing of horizontal volumes can help to determine potential of a deal and assumes maximum opportunities for self-realization of a company’s client, providing many ways to gain experience.

Wave analysis

A technical audit is implied, in the framework of which, price changes are studied within 2 groups of waves – impulses (movement along a trend) and corrections (movement against a trend). Impulses include, as a rule, five waves. Corrections, in turn, respond to an impulse momentum in accordance with current market situation

In general, the methodology is based on the principle that movement on the stock market is carried out in a zigzag pattern. With correct use of analytical tools, one can realize one’s goals and always have a profit. Correct calculation, coupled with understanding of the principles of quotation fluctuations in the financial markets, is the key to successful investing on the OTC Forex market in Belarus.