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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.
2017-04-27 | visited: 101

The USD/CHF pair continues to trade downwards from the level of 0.9994. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 0.9882 or lower. Since last week, the pair dropped from the level of 0.9994 (this level of 0.9994 coincides with the ratio of the 61.8% Fibonacci retracement levels to the bottom around 0.9898. The current price is still set below the first resistance (0.9994). ...

2017-04-27 | visited: 112

During the overnight press conference, the Bank of Japan presented its outlook for the economic growth for 2017 - 2018. ...

2017-04-27 | visited: 112

A few weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3530. Expected 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. The next resistance to meet the pair is located around the price level of 1.3580 that should be bypassed to pursue towards next bullish targets. ...

2017-04-27 | visited: 130

Recently, a bullish breakout was achieved above the depicted key level (0.6960).However, the pair failed to express enough bullish momentum above 0.7050. Note the depicted bullish 1-2-3 pattern remains valid as long as bullish fixation above 0.6900 is defended on a daily basis. Expected projection target for the pattern is located around 0.7250. On the other hand, the NZD/USD pair is trapped again within the depicted consolidation range (0.6860-0.6960) until breakout occurs in either direction. ...

2017-04-27 | visited: 185

On Thursday 27th of April, the main economic event is the European Central Bank interest rate decision and press conference, but global investors will keep an eye on Durable Goods Orders and Unemployment Claims data as well. ...

2017-04-27 | visited: 131

USD/CAD has been very volatile recently. USD is quite stronger than CAD currently but today CAD has shown some good pressure after the Retail Sales report yesterday. If the price closes below 1.3590 with a daily close more downward movement is expected. ...

2017-04-27 | visited: 142

The Dollar index bounced as expected but the price got rejected at the upper channel boundary and at the kijun-sen. Price is vulnerable to a new lower low but I still expect a bounce higher towards 100 as there are bullish divergence signs in the charts. ...

2017-04-27 | visited: 189

Gold, as expected, bounced towards short-term cloud resistance but got rejected. Recent lows are important short-term support. A break above yesterday highs could signal that an important short-term low is in. ...

2017-04-27 | visited: 180

EUR/NZD did not clear the base channel resistance as expected, which has led to a sideways consolidation, but it should only be a matter of time before this consolidation drives prices higher towards 1.6000 and above towards the ideal wave iii target seen at 1.6656. Short-term look for consolidation within the 1.5670 - 1.5845 area before the next impulsive rally higher. ...

2017-04-27 | visited: 192

USD/JPY is expected to trade with bullish bias above 110.90. The pair has bounced up from another test of support at 110.90 and is likely to challenge its 50-period moving average in sight. ...

2017-04-27 | visited: 100

USD/CHF is expected to prevail its downside movement. The pair broke below the 20-period and 50-period moving averages, which play resistance roles. ...

2017-04-27 | visited: 80

NZD/USD is expected to trade with bearish outlook as the pair is capped by a negative trend line. The pair is capped by a negative trend line since April 24. ...

2017-04-27 | visited: 92

GBP/JPY is expected to prevail its upside movement. The pair is trading above the rising 20-period and 50-period moving averages. ...

2017-04-27 | visited: 123

We have seen a peak 121.98, but the question is, whether this peak of completed wave iii for more upside closer to 123.42 to complete wave A or have wave A already completed with the high seen at 121.98? At this point, it really does not matter, as both scenarios call for a corrective decline towards 119.85 before the next rally higher should be expected. We do favor the scenario that sees the peak at 121.98 as wave iii and the current corrective decline as wave iv to be followed higher by wave v, but for now look for a corrective decline to 119.85 and the higher. ...

2017-04-27 | visited: 243

When the European market opens, some Economic Data will be released such as Minimum Bid Rate, Italian 10-y Bond Auction, Spanish Unemployment Rate, Spanish Flash CPI y/y, German Prelim CPI m/m, and GfK German Consumer Climate. ...