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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.
2017-03-20 | visited: 258

GBP/USD is making efforts to break above 1.2409, as the bulls are keeping the pair alive above the 200 SMA on H1 chart. If we witness a move to invalidate that resistance, then we could expect further rallies to test the 1.2512 level ...

2017-03-20 | visited: 171

We continue to look for a final decline closer to 1.5165 to complete wave [iv] and are setting the stage for a rally in wave [v] towards 1.5837 to complete the first impulsive rally of the 1.4495 low. Short term, minor resistance seen at 1.5350 should be able to cap the upside for the expected decline to 1.5165. ...

2017-03-20 | visited: 183

Wave ii is still unfolding and is expected to move lower towards at least 120.57 and maybe even closer to 119.99, which marks the 61.8% corrective target of the rally from 118.19 to 122.89. Once wave ii is complete, the scenario is still valid for a strong rally higher towards 125.53. ...

2017-03-20 | visited: 177

USD/JPY is expected to prevail its downside movement. The pair is trading below its declining 20-period and 50-period moving averages. ...

2017-03-20 | visited: 122

USD/CHF is expected to trade in a lower range as the key resistance at 1.0010. The pair is consolidating and is under pressure below the key resistance at 1.0010. ...

2017-03-20 | visited: 127

NZD/USD is expected to prevail its upside movement. The pair recorded higher tops and higher bottoms since March 16, which confirmed a positive outlook. ...

2017-03-20 | visited: 136

GBP/JPY is under pressure. The pair remains capped by its descending 20-period moving average, which is still below the 50-period moving average. ...

2017-03-20 | visited: 180

This week, the current bullish breakout above 1.3300 (50% Fibonacci Level) enhanced 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. ...

2017-03-20 | visited: 144

This week, the bullish breakout above the depicted key-level (0.6960) was achieved. That's why any bearish pullback toward 0.6960 should be watched for bullish rejection and a possible BUY entry. On the other hand, the price level of 0.7100 remains a significant key-level to be watched for price action if the current bullish pullback persists above 0.7040. ...

2017-03-20 | visited: 221

When the European market opens, some Economic Data will be released, such as German PPI m/m. ...

2017-03-20 | visited: 167

Today, Japan and the US will not release any Economic Data. ...

2017-03-20 | visited: 148

The EUR/USD went north last week – just as it was predicted. Although the market went south on Monday and Tuesday, it went northward in the last few days of last week. The price went briefly above the resistance line at 1.0750 and later closed below it on Friday. This week, some vivid correction is expected, for the outlook on EUR is bearish for the week. ...