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Forex analysis review

Materials presented in the "Forex analysis" section are provided by the international broker InstaForex. The section is regularly updated with the latest news, trends and forecasts provided by the professional analysts of InstaForex Company. Articles, market outlook and the current trend reviews are written with the help of fundamental, fractal, wave and technical analysis.
2017-04-28 | visited: 217

So the story continues as discussed earlier and EUR/USD probably just found a top around 1.0950 levels. Maybe at the most, one more high which looks less probable at the moment though. Please also note the evening star appeared yesterday and a good test was done today ...

2017-04-28 | visited: 147

The NZD/USD pair held stable below 0.6915 after retesting it yesterday, which keeps our bearish view valid until now ...

2017-04-28 | visited: 105

The USD/CAD pair retested the level of 1.3574 yesterday and held stable above it, resuming its positive trading and attempting to build support base above 1.3600 barrier ...

2017-04-28 | visited: 121

The EUR/JPY pair formed an intraday negative rebound to test the initial support at 120.80. A good leaning point has been formed which confirms continuation of the positivity in the upcoming period ...

2017-04-28 | visited: 104

The GBP/JPY price confirmed the continuation of the bullish bias, trading above the barrier at 143.35 levels. ...

2017-04-28 | visited: 101

The gold price shows some slight bullish bias in attempt to move away from 1,263.17 levels. ...

2017-04-28 | visited: 97

The silver price tests the 17.43 level that was broken previously, as the price is affected by stochastic positivity. ...

2017-04-28 | visited: 102

AUD/JPY has been in a corrective structure since the beginning of the week. Japan and Australia posted mixed economic reports today, so the pair was not able to get out of the corrective structure. As the price remains above 82.91 support level, it is expected to head up towards 85.00 resistance area. ...

2017-04-28 | visited: 131

Recently, a bullish breakout was achieved above the depicted key level (0.6960). However, the pair failed to express enough bullish momentum above 0.7050. Note the depicted bullish 1-2-3 pattern remains valid as long as bullish fixation above 0.6900 (Lower limit of the depicted consolidation zone) is defended on a daily basis. Expected projection target for the pattern is located around 0.7250. On the other hand, the NZD/USD pair is trapped again within the depicted consolidation range (0.6860-0.6960) until breakout occurs in either direction. ...

2017-04-28 | visited: 159

A few weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3580. The expected bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3580 (confluence of prominent tops) which has been breached earlier this week. ...

2017-04-28 | visited: 132

Buyers in control on the market. My advice is to watch for potential buying opportunities. The first upward target is set at the price of 1.3025. ...

2017-04-28 | visited: 116

Price has reversed right above our stop loss from yesterday. We remain bullish with the price now testing major support at 0.7456 (Fibonacci extension, Elliott wave theory, bullish divergence) and we expect to see a bounce above this level to at least 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above the 7% level where we expect a bounce from. We can also see bullish divergence vs price signaling that a bounce is impending. ...

2017-04-28 | visited: 121

We prepare to sell below major resistance at 0.9956 (Fibonacci retracement, horizontal overlap resistance, long-term descending resistance) for a push down to 0.9896 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing descending resistance holding the price down correspondingly. ...

2017-04-28 | visited: 150

Hidden bearish divergence in the background. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 110.60. ...

2017-04-28 | visited: 118

The National Consumer Price Index (CPI) in Japan declined for the third consecutive month. ...