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Forex Analytics: currency forecast

Forex Analytics: currency forecast

Daily Forex analytics, currency forecast for today, tomorrow, Forex outlook for week. Accurate forecasts, free recommendations and comments of currency experts.

What is analytics?

Forex analytics is a collection of key events of financial markets, analyses of these events, as well as estimates of experts, analysts, economists and experienced successful traders. Simply put, market analysis is overview and analysis of significant news and events, which influence Forex dynamics, and forecasts based on the data.

What tools does analytics include?

Daily overviews.

Market analysis.

Exchange rate forecasts.

Economic calendar.

Free trading recommendations and comments by experts.

Why do you need analytics?

Forex analytics is one of the most valuable tools of successful traders that allows them to assess market situation, forecast currency price dynamics, and develop trading strategies based on the data.

Trading plan for EUR/USD and GBP/USD for August 21, 2017
Trading plan
21 Aug 2017, 11:38 UTC+00
A short-term view has been depicted here for EUR/USD, with the most probable wave counts. The pair might be looking to produce a wave 4 corrective structure (zigzag) labelled as A-B till now. Wave C might be looking to push lower towards 1.1550...
Analysis of GBP/USD for August 21, 2017
Technical analysis
21 Aug 2017, 09:42 UTC+00
The broken upward trend line and strong resistance cluster are observed in the background. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 1.2845.
Analysis of EUR/JPY for August 21, 2017
Technical analysis
21 Aug 2017, 09:32 UTC+00
A fake breakout of supply trend line can be seen in the background. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 127.55.
NZD/USD intraday technical levels and trading recommendations for August 21, 2017
Technical analysis
21 Aug 2017, 09:23 UTC+00
The recent bearish pullback was executed towards the price zone of 0.7310-0.7380 (the newly-established demand zone) which failed to offer enough bullish support for the NZD/USD pair. Re-consolidation below the price level of 0.7300 enhances the...
Intraday technical levels and trading recommendations for EUR/USD for August 21, 2017
Technical analysis
21 Aug 2017, 09:18 UTC+00
The nearest supply level to meet the pair is located around 1.2080 (level of previous multiple bottoms) where bearish rejection can be anticipated. However, recent bearish pressure was expressed around lower price levels (1.1880) which managed to...
Fundamental analysis of EUR/USD for August 21, 2017
Fundamental analysis
21 Aug 2017, 08:19 UTC+00
EUR/USD is currently residing in a corrective volatile structure which is still waiting for any directional push from either side of the market. As EUR and USD had neutral economic reports recently, the market sentiment is confused now. As the...
Daily analysis of major pairs for August 21, 2017
Technical analysis
21 Aug 2017, 07:30 UTC+00
The EUR/JPY pair went generally bearish last week. The price lost about 200 pips and then bounced upwards on Friday. The upwards bounce has given another good opportunity to sell at a better price. The demand zones at 128.00, 127.50 and 127.00 may...
Elliott wave analysis of EUR/NZD for August 21 - 2017
Wave analysis
21 Aug 2017, 07:04 UTC+00
Another sideways consolidation is unfolding between 1.6010 to 1.6110. We favor a break above the resistance at 1.6110 for a rally to above 1.6236 confirming continuation higher towards 1.6969. A break of the support at 1.6010 will call for a move...
Global macro overview for 21/08/2017
Fundamental analysis
21 Aug 2017, 07:04 UTC+00
The UK Prime Minister Theresa May's government declared that it's stepping up pressure on EU to move the Brexit negotiation into trade agreements as soon as in October.
Elliott wave analysis of EUR/JPY for August 21, 2017
Wave analysis
21 Aug 2017, 06:59 UTC+00
We are still looking for a final dip closer to 127.19 to complete the X-wave from 131.40. Once completed, a new impulsive rally towards 137.36 is still expected to complete wave D of the large triangle consolidation. Only a direct break above the...
Global macro overview for 21/08/2017
Fundamental analysis
21 Aug 2017, 06:14 UTC+00
The focal point on the economic calendar will be the Jackson Hole symposium at the end of the week, while the U.S. politics and geopolitical factors may become sidebars.
Trading plan for 21/08/2017
Trading plan
Sebastian Seliga
21 Aug 2017, 05:36 UTC+00
On Monday 21st of August, the event calendar is light in important data releases. Only during the US session, global investors will focus on Wholesale Sales data from Canada.
Ichimoku indicator analysis of USDX for August 21, 2017
21 Aug 2017, 05:17 UTC+00
The dollar index continues to trade mostly sideways. The short-term support is held so we could not rule out another move towards 94-94.30. As long as the price holds above 93.30, trend is bullish.
Ichimoku indicator analysis of gold for August 21, 2017
21 Aug 2017, 05:12 UTC+00
Gold price remains in a bullish trend. The price touched $1,300 last week and pulled back towards $1,280. The correction could already be over. I'm very bullish on gold expecting a move towards $1,320-$1,340 to happen late August or early...
Technical analysis of GBP/USD for August 21, 2017
Technical analysis
21 Aug 2017, 04:13 UTC+00
The GBP/USD pair will probably keep moving downwards from the level of 1.2928 (resistance 1). The pair fell from the level of 1.3008, which coincides with the ratio of 61.8% Fibonacci retracement, to the bottom around 1.2848. The first resistance...
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