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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: 200

GBP had a great fall after Retail Sales report was published at 0.3% which was expected 1.0%. Currently, the market is bearish as all the bullish bias ended after the massive sell off. USD is stronger fundamentally and GBP is getting weaker. If the price remains below 1.24 with a daily close we will expect much downward movement towards 1.2120 or if the price rejects from 1.24 we will be looking forward to buy next week. ...

2017-02-17 | visited: 174

The USD/CHF pair has faced strong support at the level of 0.9974 because resistance has become support. So, the strong support is already seen at the level of 0.9974 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 0.9974, the market will indicate a bullish opportunity above the new support level of 0.9974 (the level of 0.9974 coincides with a ratio of 23.6% Fibonacci). ...

2017-02-17 | visited: 211

The NZD/USD pair will move to the downside. The fall structure does not look corrective. Resistance is seen at the level of 0.7226 today. So, sell below 0.7226 with the first target at 0.7190. ...

2017-02-17 | visited: 285

The Dollar index has reached important short-term support. Is the entire pullback over or is it just the first part? As long as the price is trading above 99.20 we remain bullish for the Dollar, as the low could very well be the end of wave 4, while the current bounce could be the start of the new leg up to new highs. ...

2017-02-17 | visited: 371

The price of gold is in a bullish short-term trend. The price has reversed from $1,216 and is trying to break highs recorded this year of $1,244.50. We might see a pullback but overall technical picture is bullish and our target of $1,280-$1,320 remains valid. ...

2017-02-17 | visited: 200

The GBP/USD pair has moved sideways so far this week, and that is how the market would probably end today. However, there would soon be a serious breakout in the market, which would most probably push it to the downside, as the outlook on the GBP pairs remains bearish for February. ...

2017-02-17 | visited: 174

Wave [ii] completed with the test of 1.4618, which was close to a perfect 61.8% correction of wave [i]. All we need now is a clear break above resistance at 1.4862 that confirms a strong rally in wave [iii] higher to 1.5282 and in the long term much more upside closer to 1.5837 is expected here. Support is now seen at 1.4735 and, more importantly, at 1.4695 that is expected to protect the downside for the break above 1.4862. ...

2017-02-17 | visited: 228

We continue to look for a break above minor resistance seen at 121.05 and more importantly a break above resistance at 121.77 that will confirm red wave iii higher to at least 123.47 is unfolding. Short-term we expect minor support seen at 120.65 will be able to protect the downside for the expected break above 121.05. However, a break below 120.65 will delay the expected rally in red wave iii for a move closer to 120.18 before higher again. ...

2017-02-17 | visited: 259

When the European market opens, there's no Economic Data will be released, but the US will release the economic data, such as CB Leading Index m/m and Current Account. ...

2017-02-17 | visited: 208

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as CB Leading Index m/m and Current Account. ...

2017-02-16 | visited: 143

USDX resumed the downside bias with a consolidation in the short term below the 200 SMA at H1 chart. Next target is located around 100.00, where a breakout should deliver more bearish pressure to test the 99.00 psychological level. ...

2017-02-16 | visited: 228

GBP/USD is hovering around the 200 SMA at H1 chart, looking for fresh momentum to visit the 1.2561 zone across the board, but the bulls are struggling at this stage. That's why we cannot discard at all the idea of a possible bearish bias to develop. ...

2017-02-16 | visited: 250

We take an in-depth look on USD/JPY to see if there are any trading opportunities available for us to trade off and generate potential profits from. We explain clearly how we use a range of analytical approaches from Fibonacci retracements to Fibonacci extensions, price action and oscillators to determine such trading opportunities. Join us and learn how to find good trading opportunities through technical analysis! ...

2017-02-16 | visited: 200

We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, and recent swing low support). Stochastic (34,5,3) has reacted off our 92% resistance level perfectly and continues to see resistance there. ...

2017-02-16 | visited: 175

The price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, and breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits. RSI (34) is seeing ascending support, holding the price up is really nicely. ...