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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.
2017-04-20 | visited: 101

We take a nice detailed look at NZD/USD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more daily technical analysis! ...

2017-04-20 | visited: 158

The EUR/JPY pair continued to trade with an intraday bullish correction to approach from the main resistance at 117.30 ...

2017-04-20 | visited: 142

The GBP/JPY pair touched 38.2% Fibonacci correction level at 140.15, having achieved the initial bullish target. ...

2017-04-20 | visited: 129

The USD/JPY pair returns to test the 109.00 barrier again. Please note that the recent trading has been confined within a potential rising wedge pattern ...

2017-04-20 | visited: 188

Gold is trading above 1,279.00 after the negative pressure that appeared yesterday. This keeps the chances for resuming the bullish trend ...

2017-04-20 | visited: 112

Silver price keeps its stability above the intraday bullish channel's support. We still need to breach 18.30 level to confirm the continuation of the bullish trend on the intraday and short-term basis ...

2017-04-20 | visited: 131

Price has dropped to our buying level as expected and started to bounce up again. We remain bullish looking to buy on dips above 0.6985 support (Fibonacci retracement, horizontal overlap support) for a further push up to 0.7092 resistance (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing strong support above the 3.9% level where we expect a further bounce from. ...

2017-04-20 | visited: 144

Price is now testing major support at 81.79 (Fibonacci extension, horizontal support, bullish divergence) and we expect to see a bounce above this level to at least 82.89 (Fibonacci retracement, horizontal overlap resistance). Stop loss is at 81.30 because it is a Fibonacci extension level based on Elliott Wave theory. Stochastic (34,5,3) is seeing strong support above the 3.8% level and also displays bullish divergence vs price signalling that a bullish bounce is impending. ...

2017-04-20 | visited: 148

EUR/GBP has broken below the 200 EMA support but is still hovering above the horizontal support of 0.8330. Amid mixed economic reports from the eurozone today, EUR could not quite dominate GBP. However, BOE Governor Carney's speech today may cause some volatility in the market. A daily close below 0.8330 and above 0.8420 will signal upcoming moves in this market. ...

2017-04-20 | visited: 214

Finally, the EUR/USD pair has touched 1.0777 levels, which is fibonacci 0.618 resistance of the entire drop between 1.0906 through 1.0569 levels respectively. Please note that prices reversed sharply and an interim low at 1.0742 has been made until now. Any intraday rallies from here should remain ...

2017-04-20 | visited: 175

Three weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3530. The next bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3300 (50% Fibonacci Level) which stands as a prominent support level. On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970). ...

2017-04-20 | visited: 137

The recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now. Note the depicted bullish 1-2-3 pattern with projection target around 0.7250 provided that bullish fixation above 0.7080-0.7100 (neckline) is achieved on a daily basis. On the other hand, the price level of 0.7100 remains a significant key level to prevent a further bullish advance towards 0.7250. ...

2017-04-20 | visited: 175

Hidden bullish divergence is observed in the background. My advice is to watch for potential buying opportunities. The first upward target is set at the price of 109.40. ...

2017-04-20 | visited: 208

Hidden bearish divergence on the oscillators. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 1.0700. ...