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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: 102

The NZD/USD pair continued to move downwards from the level of 0.6931 to the current price around 0.6889. The first resistance level is seen at 0.6973 followed by 0.7025, while daily support 1 is seen at 0.6889. In addition, the moving average (100) starts signaling a downward trend; therefore, the market is indicating a bearish opportunity below 0.6931. So it will be good to sell below the level of 0.6931. ...

2017-04-28 | visited: 106

The USD/CHF pair continues to move downwards from the level of 0.9994. The bias remains bearish in the nearest term testing 0.9882 or lower. This week, the bearish channel is still strong because the pair dropped from the level of 0.9994. The level of 0.9994 coincides with the ratio of the 61.8% Fibonacci retracement levels to the bottom around 0.9898. The price is still set below the area of 0.9959 and 0.9925. ...

2017-04-28 | visited: 112

The ANZ Bussiness Confidence data declined slightly in March. ...

2017-04-28 | visited: 167

On Friday 28th of April, the event calendar is busy with various economic releases, but market participants will keep an eye on M3 Money Supply and Consumer Price Index data from the Eurozone, Preliminary GDP from the UK, GDP from Canada and Preliminary GDP from the US. ...

2017-04-28 | visited: 191

The US dollar index remains inside the bearish channel and I expect the price to move lower today and get rejected at the channel resistance. However, I would not bet on the downside as I believe it is limited. ...

2017-04-28 | visited: 223

Gold price is vulnerable to move towards $1,250. The short-term trend remains bearish. However, I favor long positions in the area of $1,245-60 targeting a move above $1,300. Gold remains in a longer-term bullish trend towards $1,500-$1,600. ...

2017-04-28 | visited: 176

The EUR/USD pair has settled at the key support of 1.0852 and is holding next to it until now. This keeps the bullish trend scenario valid until now. ...

2017-04-28 | visited: 106

The GBP/USD pair confirmed successfully that the 1.2890 level had been breached after closing the daily candlestick above it. This which reinforces the likelihood of a further rise in the short term. ...

2017-04-28 | visited: 77

The USD/JPY pair has settled below 111.65 level, which keeps our bearish scenario valid as the price is still under the effect of the double top pattern. ...

2017-04-28 | visited: 135

Gold price has settled at 1,263.17 and the price has fallen under continuous negative pressure formed by the EMA50. This makes it more difficult to resume the recently suggested bullish trend. ...

2017-04-28 | visited: 85

Silver price broke 17.43 level and settled with a daily close below it. This stops the recently suggested bullish scenario and puts the price under the negative pressure on the short-term basis. ...

2017-04-28 | visited: 85

NZD/USD has been impulsively bearish since the start of the week. In light of weak NZD reports today, NZD is expected to fall against USD in the short term. A daily close above or below 0.6890 will indicate a further move in this pair. ...

2017-04-28 | visited: 78

EUR/AUD has rejected 1.4600 with a daily close yesterday. Today a batch of economic reports is due in the eurozone. So, the market is expected to be quite volatile. If the price remains below 1.4600 resistance level, we might see a further downward move in this pair. ...

2017-04-28 | visited: 106

When the European market opens, the economic calendar will be packed with economic data such as Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Private Loans y/y, M3 Money Supply y/y, Spanish Flash GDP q/q, French Prelim CPI m/m, French Consumer Spending m/m, German Import Prices m/m, and German Retail Sales m/m. ...

2017-04-28 | visited: 86

In Asia, Japan will release the Housing Starts y/y, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, Tokyo Core CPI y/y, National Core CPI y/y, and Household Spending y/y. ...