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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: 329

We prepare to sell below major resistance at 1.0711 (Fibonacci retracement, horizontal overlap resistance) for a push down to 1.0525 support (Fibonacci retracement, recent swing low support). RSI (34) is approaching strong resistance at 60% where we expect to see a corresponding drop in the price too. ...

2017-02-17 | visited: 242

USD/JPY is under pressure. The pair is holding on the downside and is capped by a bearish trendline (since Feb. 15), which confirms a negative outlook. ...

2017-02-17 | visited: 191

USD/CHF is expected to stick to its downside movement. The pair recorded a succession of lower tops and lower bottoms since Feb. 15, which confirms a negative view. ...

2017-02-17 | visited: 191

NZD/USD is under pressure. The pair broke below a bullish trendline and accelerated on the downside, which confirmed a negative outlook. ...

2017-02-17 | visited: 178

GBP/JPY is expected to trade in bearish bias. The pair has broken below 140.90 level and expected to continue the downward movement. ...

2017-02-17 | visited: 206

After the longer bearish trend in place, EUR has finally found its ground to push back against AUD from 1.3280 area. Having positive fundamental issues EUR is currently having advantage over AUD. Currently the price is expected to rise toward 1.40 to 1.41 resistance area without any presence of bears along the way. ...

2017-02-17 | visited: 185

Recent bearish pullback toward 1.2970 (61.8% Fibonacci level) offered a valid BUY entry as expected in the previous articles. This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.2970-1.3300). On the other hand, DAILY closure below 1.2970 (61.8% Fibonacci level) will confirm a double-top pattern with projected bearish targets at 1.2860, 1.2730, and 1.2600. ...

2017-02-17 | visited: 178

Bullish persistence above 0.7100 allowed further bullish advance toward 0.7250-0.7350 (Sell zone) where bearish price action was expressed as anticipated. Bearish persistence below 0.7250 is needed to allow further bearish decline toward 0.7100 (Note the recent bearish DAILY candlesticks within the SELL zone). On the other hand, the current bullish pullback toward 0.7250 should be considered for SELLING the NZD/USD pair. ...

2017-02-17 | visited: 193

On January 16, a bullish engulfing candlestick was expressed around the demand level of 1.2000. That is why another bullish breakout above 1.2430 was initiated. The next bullish target is located around 1.2750 where bearish rejection should be expected. On the other hand, the next bearish destination would be located around 1.1200 when bearish momentum is resumed. ...

2017-02-17 | visited: 200

Bullish persistence above 1.0600 allowed further bullish advance toward 1.0825-1.0850 (Fibonacci Level 50%) where bearish rejection and a valid SELL entry were anticipated. At the moment, the price level of 1.0570 stands as a prominent demand level to be watched for a valid bullish entry (note the bullish Head & Shoulders Pattern with Initial target at 1.0800). Otherwise, further bearish decline can be executed towards 1.0400 if bearish breakdown below 1.0570 is achieved. ...

2017-02-17 | visited: 206

Broken bearish flag in the background is observed. My advice is to watch for potential downward opportunities. The first target is set at the price of 111.60. ...

2017-02-17 | visited: 184

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: 187

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: 159

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

2017-02-17 | visited: 191

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