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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: 74

USD/JPY is expected to trade with a bullish bias above 110.90. The pair is consolidating around its 20-period and 50-period moving averages. ...

2017-04-28 | visited: 58

USD/CHF is expected to trade with a bullish bias above 0.9925. The pair is trading above the key support level at 0.9925, which should limit the downside potential. ...

2017-04-28 | visited: 42

NZD/USD is expected to trade in a lower range as the key resistance is holding at 0.6910. Although the pair made a rebound from 0.6845 (the low of April 27), ...

2017-04-28 | visited: 46

GBP/JPY is expected to continue its upside movement. The pair is being consolidated and remains above its horizontal support at 143.00. ...

2017-04-28 | visited: 57

We continue to look for small corrections only as the rally in wave iii moves closer to our first extension target at 1.6656. Short term, we are looking for support at 1.5671 to protect the downside for a continuation higher to 1.6000 and likely even closer to 1.6318 before wave [iii] of iii is complete. Should support at 1.5671 be broken that will likely indicate that peak at 1.5908 was a new wave of a lesser degree and a wave ii is building. This will be a very bullish outcome in the longer term. ...

2017-04-28 | visited: 99

The expected corrective decline from 121.98 is unfolding nicely. The ideal target for this correction is seen near 119.85 for the next rally higher towards at least 122.57 and possibly higher towards 123.42 to complete wave A. This scenario remains our preferred outlook. That said, we have to take into consideration that wave A already completed at 121.98 and in this case, we should expect a more prolonged wave B correction before wave C towards 138.52 will be ready to take over. ...

2017-04-28 | visited: 93

The USD/CHF pair has essentially moved sideways so far this week. Price has not gone above the resistance level at 1.0000 or below the support level at 0.9900. There is a need for price to go above the resistance level or below the supply level, so that a directional movement can resume. A movement below the support level at 0.9900 is much more likely. ...

2017-04-27 | visited: 66

The index is now capped by the resistance level of 99.28, as the bulls are trying to gather enough bullish momentum to perform a breakout to the upside. However, a pullback might happen to re-test the support area of 98.83 ...

2017-04-27 | visited: 96

The pair is consolidating its price action above the 1.2875, after several days trapped in a narrow range across the board. With this move, we can expect further rallies to test the resistance zone of 1.3029 in the near term ...

2017-04-27 | visited: 170

As widely expected the European Central Bank has left the key interest rates unchanged at the level of 0.0%. ...

2017-04-27 | visited: 121

A divergent bar in the background. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2810. ...

2017-04-27 | visited: 161

Broken rising wedge in the background. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 1.0725. ...

2017-04-27 | visited: 132

Price has reached our selling area and reacted off it. We remain bearish below major resistance at 111.37 (Fibonacci retracement, horizontal resistance, Fibonacci extension) and we expect a reaction below this level for a drop to at least 109.41 support (Fibonacci retracement, horizontal overlap support, price gap). Stochastic (34,5,3) is seeing major resistance at 91% where we expect a drop from. It has also made a bearish exit signalling that a change in momentum is impending. ...

2017-04-27 | visited: 130

Price is now testing major support at 0.7456 (Fibonacci extension, Elliott wave theory) and we expect to see a bounce above this level to at least 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above the 7% level where we expect a bounce from. ...

2017-04-27 | visited: 123

The NZD/USD pair continued to move downwards from the level of 0.6931 to the current price around 0.6903. The first resistance level is seen at 0.6973 followed by 0.7025, while daily support 1 is seen at 0.6889. Furthermore, 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 with the first target of 0.6889. ...