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Wave analysis of EURUSD, GBPUSD, USDJPY for 06.08.2020

Published : 10.08.2020 088 08:08

Forecast for EUR/USD for 06.15.2020 The construction of an upward impulse wave continues, where, after the completion of two small sub-waves 1 and 2, a powerful five-wave impulse 3 began to form. It consists of sub-waves [1]-[2]-[3]-[4]-[5]. Corrective wave [4] is an inclined triangle, as its forming lines are directed upwards, like the main t...

Wave analysis of EURUSD, GBPUSD, USDJPY for 07.08.2020

Published : 10.08.2020 528 07:52

Forecast for EUR/USD for 07.08.2020 The building of the upward impulse wave 3. After the completion of the correction wave [4], which is an inclined triangle, we saw an increase in the final impulse wave [5]. It is marked with subwaves (1)-(2)-(3)-(4)-(5). Currently, the initial part of the upward impulse is being built (5). Most likely, the pr...

Horizontal volume analysis for 07.08.2020

Published : 10.08.2020 468 07:46

Forecast for EUR/USD for 08.07.2020. A pullback movement is developing on the chart today. The most likely target is level 1.1810, from which the upward movement can be expected to resume. The target is level 1.1890. Here you can already consider the medium-term selling of the instrument since there is a fairly strong medium-term reversal signal o...

Technical analysis of the Forex market

Technical analysis of the over-the-counter Forex market is aimed at forecasting fluctuations in price values. It is based on static calculations and mathematical techniques. It can be implemented in different ways. A variety of approaches allows you to choose the best method for both a beginner and an experienced trader.

Technical analysis on the over-the-counter Forex market is based on the idea that prices move according to trends that can be recognized and used to predict the future values of a particular instrument. Technical analysis is based on the study of price activity charts using various analysis tools, such as:

  • trend lines;
  • support and resistance levels;
  • moving averages;
  • volume indicators, etc.

You can use technical analysis when trading with any investment instruments - foreign currencies, futures, securities, indices, etc. This section provides information on the basics of technical analysis of the over-the-counter Forex market.