Technical analysis on Forex over-the-counter market is a combination of different approaches and methods based on statistics and they allow client to predict fluctuations in market price indices. It might seem that without a strong mathematical backgrounds technical analysis might be difficult and out of understanding; this is partly true, however, thanks to a number of various approaches of technical analysis of Forex OTC market, even a beginner can learn some simple but highly recommended techniques (for example, widely known graphical analysis). In this section you will find information about the basics of technical analysis, as well as you will find news on the latest approaches and techniques developed by leading financial experts

Technical analysis of financial markets

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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 Forecast for EUR/USD for 08.06.2020 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...

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 pric...

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...