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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.
2017-02-17 | visited: 190

On Friday 17th of February there will not be many economic releases during the European and American trading sessions, so let's take a look at the overall market conditions to see whether there is a good trading setup among the major pairs that traders can use to make money. ...

2017-02-17 | visited: 194

Potential parabolic bottoming is observed. My advice is to watch for potential buying opportunities. The first target is set at the price of 1.2500. ...

2017-02-17 | visited: 164

The US house market data beat the expectations yesterday as the figure reached the highest level since November 2015. ...

2017-02-17 | visited: 196

The Retail Sales for the fourth quarter from New Zealand had been released overnight and they surprised market participants. ...

2017-02-17 | visited: 209

GBP had a great fall after Retail Sales report was published at 0.3% which was expected 1.0%. Currently, the market is bearish as all the bullish bias ended after the massive sell off. USD is stronger fundamentally and GBP is getting weaker. If the price remains below 1.24 with a daily close we will expect much downward movement towards 1.2120 or if the price rejects from 1.24 we will be looking forward to buy next week. ...

2017-02-17 | visited: 178

The USD/CHF pair has faced strong support at the level of 0.9974 because resistance has become support. So, the strong support is already seen at the level of 0.9974 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 0.9974, the market will indicate a bullish opportunity above the new support level of 0.9974 (the level of 0.9974 coincides with a ratio of 23.6% Fibonacci). ...

2017-02-17 | visited: 223

The NZD/USD pair will move to the downside. The fall structure does not look corrective. Resistance is seen at the level of 0.7226 today. So, sell below 0.7226 with the first target at 0.7190. ...

2017-02-17 | visited: 292

The Dollar index has reached important short-term support. Is the entire pullback over or is it just the first part? As long as the price is trading above 99.20 we remain bullish for the Dollar, as the low could very well be the end of wave 4, while the current bounce could be the start of the new leg up to new highs. ...

2017-02-17 | visited: 391

The price of gold is in a bullish short-term trend. The price has reversed from $1,216 and is trying to break highs recorded this year of $1,244.50. We might see a pullback but overall technical picture is bullish and our target of $1,280-$1,320 remains valid. ...

2017-02-17 | visited: 205

The GBP/USD pair has moved sideways so far this week, and that is how the market would probably end today. However, there would soon be a serious breakout in the market, which would most probably push it to the downside, as the outlook on the GBP pairs remains bearish for February. ...

2017-02-17 | visited: 176

Wave [ii] completed with the test of 1.4618, which was close to a perfect 61.8% correction of wave [i]. All we need now is a clear break above resistance at 1.4862 that confirms a strong rally in wave [iii] higher to 1.5282 and in the long term much more upside closer to 1.5837 is expected here. Support is now seen at 1.4735 and, more importantly, at 1.4695 that is expected to protect the downside for the break above 1.4862. ...

2017-02-17 | visited: 243

We continue to look for a break above minor resistance seen at 121.05 and more importantly a break above resistance at 121.77 that will confirm red wave iii higher to at least 123.47 is unfolding. Short-term we expect minor support seen at 120.65 will be able to protect the downside for the expected break above 121.05. However, a break below 120.65 will delay the expected rally in red wave iii for a move closer to 120.18 before higher again. ...

2017-02-17 | visited: 276

When the European market opens, there's no Economic Data will be released, but the US will release the economic data, such as CB Leading Index m/m and Current Account. ...

2017-02-17 | visited: 213

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as CB Leading Index m/m and Current Account. ...