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.

19.05.2022

Ichimoku Cloud Analysis 19.05.2022 (NZDUSD, XAUUSD, EURGBP)

NZDUSD is testing the bearish channel’s upside border; XAUUSD is rebounding from Tenkan-Sen and Kijun-Sen, while EURGBP is correcting within the bearish pattern.
19.05.2022

Forex Technical Analysis & Forecast 19.05.2022

Gold may continue the uptrend. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
18.05.2022

Forex Technical Analysis & Forecast 18.05.2022

Brent is starting a new correction. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
17.05.2022

Forex Technical Analysis & Forecast 17.05.2022

The S&P 500 index is consolidating in anticipation of a new decline. EUR, GBP, JPY, CHF, AUD, Brent, and Gold are also covered in the overview.
16.05.2022

Forex Technical Analysis & Forecast 16.05.2022

EUR has the potential for a new descending wave. Today’s overview also covers GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 Index.
13.05.2022

Forex Technical Analysis & Forecast 13.05.2022

Brent continues trading to update the highs. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
12.05.2022

Forex Technical Analysis & Forecast 12.05.2022

The S&P 500 index continues climbing down. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
11.05.2022

Forex Technical Analysis & Forecast 11.05.2022

Brent has started a new wave to the upside. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.