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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.
2017-03-23 | visited: 26

GBP/USD is trading inside of the upward channel. The short term trend is upward. My advice is to watch for potential buying opportunities. The first target is set at the price of 1.2560. ...

2017-03-23 | visited: 23

The NZD/USD pair is still moving around the area of 0.7075. Today, the level of 0.7075 represents the double top. The pair has already formed minor resistance at 0.7004 and the strong resistance is seen at the level of 0.7075 because it represents the weekly resistance 1. So, major resistance is seen at 0.7004, while immediate support is found at 0.6889. ...

2017-03-23 | visited: 28

The USD/CHF pair faced resistance at the level of 0.9991, while minor resistance is seen at 0.9949. Support is found at the levels of 0.9915 and 0.9891. Also, it should be noted that a daily pivot point has already seen at the level of 0.9949. Equally important, the USD/CHF pair is still moving around the key level at 0.9949, which represents a daily pivot on the H1 chart at the moment. Yesterday, the USD/CHF pair continued to move downwards from the level of 0.9991. ...

2017-03-23 | visited: 73

The EUR/USD pair has extended its rally since March 21, 2017, to 1.0825 levels as depicted here on the hourly chart setup. The pair has remained just shy by 4 pips to immediate resistance at 1.0829 levels (not seen here). Technically, until the pair remains below 1.0829, the high probability remains for a reversal lower. ...

2017-03-23 | visited: 63

The closer we get to the next OPEC meeting in May 2017, the more complicated the situation in the crude oil market becomes. ...

2017-03-23 | visited: 84

USD/JPY is under pressure as the key resistance is at 111.75. The technical picture of the pair remains negative below its key resistance at 111.75. ...

2017-03-23 | visited: 78

USD/CHF is expected to trade with bearish bias as the key resistance at 0.9965. Despite the recent rebound, the pair is still trading below its declining 50-period moving average. ...

2017-03-23 | visited: 64

NZD/USD is under pressure. The pair broke below the 20-period moving average and is challenging the 50-period one. ...

2017-03-23 | visited: 73

GBP/JPY is expected to trade with bearish outlook as the key resistance at 139.35. The pair has been capped by its descending 50-period moving average. ...

2017-03-23 | visited: 65

The Reserve Bank of New Zealand maintained its Official Cash Rate (OCR) at the level of 1.75% as expected. ...

2017-03-23 | visited: 75

Downward trend on the USD/JPY pair. My advice is to watch for potential selling opportunities. The first target is set at the price of 110.72. ...

2017-03-23 | visited: 100

On Thursday 23rd of March, the event calendar is bereft of important macroeconomic news, but global investors will keep an eye on Retail Sales with Auto Fuel data from the UK and Unemployment Claims data from the US. The Federal Reserve Chairperson Janet Yellen speech will get some attention as well. ...

2017-03-23 | visited: 125

The Dollar index has most probably bottomed and is reversing to the upside. The Dollar index has broken out of the downward sloping wedge and a bounce towards 100-101 is expected over the next two trading sessions. ...

2017-03-23 | visited: 179

Gold price has most probably completed an impulsive wave upwards from $1,194 lows. The price is showing reversal signs. A short-term correction should unfold from current levels towards $1,220-30. Gold is in a bullish trend. I remain long-term bullish for Gold. ...

2017-03-23 | visited: 193

When the European market opens, some Economic Data will be released, such as Consumer Confidence, Belgian NBB Business Climate, ECB Economic Bulletin, and GfK German Consumer Climate. ...