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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.
2017-03-22 | visited: 217

This week, the bullish breakout above the depicted key-level (0.6960) was achieved. That's why any bearish pullback toward 0.6960 should be watched for bullish rejection and a possible BUY entry. On the other hand, the price level of 0.7100 remains a significant key-level to be watched for bearish price action if the current bullish pullback persists above 0.7040. ...

2017-03-22 | visited: 182

The next 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. On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970). ...

2017-03-22 | visited: 207

There is a bullish signal on the GBP/USD, which has been in place since last week. Price may go further upwards to reach the distribution territories at 1.2500, 1.2550 and 1.2600. These are the targets for the remaining of this week. ...

2017-03-22 | visited: 163

USDX is moving in a sideways structure still well supported by the 99.66 area as the bears are trying to gather some momentum in order to reach the 99.26 level and perform a deeper consolidation below the 200 SMA on the H1 chart. ...

2017-03-22 | visited: 191

GBP/USD is following the overall bullish bias across the board with a consolidation above the 200 SMA on the H1 chart. If the pair manages to break above 1.2512, then it can test the 1.2570 level, as the Cable is strengthening its structure in the short term. ...

2017-03-22 | visited: 177

There is a strong upward trend in the short term. My advice is to watch for potential buying opportunities. The first target is set at the price of 1.0818. ...

2017-03-22 | visited: 170

Short term bullish trend. My advice is to watch for potential buying opportunities. If the price breaks the level of 1.2491, the price may visit 1.2505. ...

2017-03-22 | visited: 215

We take a nice detailed look at EUR/USD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more daily technical analysis! ...

2017-03-22 | visited: 172

We take a nice detailed look at NZD/USD and see if there are any trading opportunities for us to make some juicy pips! We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets. Subscribe to me for more daily technical analysis! ...

2017-03-22 | visited: 195

The U.K. Consumer Price Index rises to 2.3%, the highest level since 2013 and consumer prices rose 0.7% in February compared with consensus forecasts of a 0.5% gain. ...

2017-03-22 | visited: 119

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: 145

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: 159

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

2017-03-22 | visited: 200

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: 131

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. ...