site map
rus
eng

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.
2017-03-22 | visited: 114

The USD/CHF pair faced resistance at the level of 1.0015, while minor resistance is seen at 0.9978. Support is found at the levels of 0.9897 and 0.9860. Also, it should be noted that a daily pivot point has already set at the level of 0.9978. Equally important is that the USD/CHF pair is still moving around the key level at 0.9978, which represents a daily pivot in the H4 time frame at the moment. ...

2017-03-22 | visited: 138

We continue to look for more upside pressure in wave [v] closer to at least 1.5537 and possibly even closer to 1.5764 before the first impulsive rally from 1.4495 is complete and a larger correction of the rally from 1.4495 to ? takes over. Short-term, we expect minor support at 1.5273 to be able to protect the downside for a break above 1.5441 confirming more upside towards at least 1.5537. ...

2017-03-22 | visited: 151

The Bank of Japan Meeting Minutes revealed interesting views regarding the inflation expectations and economic growth. ...

2017-03-22 | visited: 189

Much to our surprise EUR/JPY failed to break above resistance, seen at 121.86, and has instead broken below support at 120.61 keeping the corrective decline from 122.88 alive. The next downside support to look for is seen at 119.99, which marks both the 61.8% corrective target of the rally from 118.19 to 122.88, but also the low of wave iv/ of one lesser degree, which should provide substantial support. That said, we have to be aware the JPY now is benefiting from the risk-off mode due to the stock markets sell-off yesterday and we can underestimate this fear. So we will need some solid proof, that the corrective decline from 122.88 has completed and the best will be a break above 121.84. ...

2017-03-22 | visited: 125

The price has reached our selling area as expected and is seeing a nice bearish reaction below 0.7065 resistance (Fibonacci retracement, Fibonacci extension) where we expect a drop to at least 0.6968 support (Fibonacci retracement, recent swing low support). We can see that price has made a bearish exit in a similar fashion to Stochastic which gives us stronger conviction of a drop from here. Stochastic (21,5,3) sees major resistance at 95% and has bearish divergence vs price which signals a strong drop is impending. It has also made a bearish exit signaling a drop is impending. ...

2017-03-22 | visited: 152

The price is testing major support at 111.40 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect a bounce up to at least the 112.92 resistance (Fibonacci retracement, horizontal overlap resistance). The RSI (34) sees a bullish exit and bullish divergence vs the price signalling that a bounce is impending. ...

2017-03-22 | visited: 102

The NZD/USD pair is still trading 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. If the pair closes below the price of 0.6889, the NZD/USD pair may resume its movement to 0.6850 to test the daily support 2. ...

2017-03-22 | visited: 119

AUD/USD bounced off from 0.7733 after the massive impulsive buying move last week. Due to poor fundamentals and the upcoming US Crude Oil Inventories report, the price is expected to continue its downward move. Currently, the price is below the resistance 0.7690; and if the price remains below the resistance, we will anticipate a downward move towards 0.76 in this pair. ...

2017-03-22 | visited: 175

On Wednesday 22nd of March, the event calendar is bereft of important macroeconomic news, but global investors will keep an eye on Crude Oil Inventories data from the US and Annual Budget data from Canada. Besides, the Reserve Bank of New Zealand will announce the interest rate decision later in the day. ...

2017-03-22 | visited: 154

The bearish trend on EUR/JPY continues after the bullish rejection yesterday. With Japan posting positive trade balance report today, JPY is extending gains against the EUR. If the price remains below the 120.50 support at the daily close, a further downward move is expected. ...

2017-03-22 | visited: 190

The dollar index remains under pressure. The index is approaching the 99.25 area where the neckline of the Head and Shoulders pattern is found. This is the critical support. We could see a bounce off this area first before resuming lower, because there are divergence signs. ...

2017-03-22 | visited: 269

Gold is rising within an impulsive pattern. The price is in an uptrend. After making an important low at $1,194, gold is rising and is expected to move towards the key monthly resistance at $1,325. In the short term, gold prices are close or has already completed 5 waves up from $1,194. ...

2017-03-22 | visited: 161

USD/JPY is under pressure. The pair broke below its former support at 112.25 and accelerated on the downside. ...

2017-03-22 | visited: 121

USD/CHF is expected to trade in a lower range. The technical picture of the pair is negative as the price broke below the rising trend line since March 17. ...

2017-03-22 | visited: 130

NZD/USD is expected to trade with a bearish bias. The pair recorded a succession of lower tops and lower bottoms, which confirms a bearish outlook. ...