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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.
2017-02-21 | visited: 65

We take an in-depth look on GBP/USD to see if there are any trading opportunities available for us to trade off and generate potential profits from. We explain clearly how we utilize 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! ...

2017-02-21 | visited: 188

The price has bounced perfectly above our support and is reaching our profit target. We remain bullish above 119.64 support (Fibonacci retracement, Fibonacci extension, and horizontal support). Target would be 120.66 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6.4% level. ...

2017-02-21 | visited: 143

The price bounced perfectly off our support level yesterday. Now we remain bullish above 86.72 support (Fibonacci retracement, horizontal overlap support) for a further push up to 87.48. We adjust our stop loss to 86.25 which is breakeven to protect our position. Stochastic (55,5,3) is seeing strong support above the 6% level which it is bouncing above. ...

2017-02-21 | visited: 137

At the moment the EUR/JPY pair is being dominated by the bears and with positive JPY fundamental outcomes and mixed EUR fundamental reports today, JPY has been observed to be stronger than EUR. If the price breaks below 119.50 support with a daily close, a long leap towards 116.50-30 is the next target downwards. ...

2017-02-21 | visited: 151

GBP is getting weaker day by day against USD. The negative statement about inflation rate and increased in net borrowing forced GBP to fall towards the 1.2416 support level. At the moment the price is rejecting the support and if the support rejects we are expecting some upwards move or the bias will change to bearish after the 1.2380 level is taken out with a daily close. ...

2017-02-21 | visited: 163

The GBP/USD pair keeps fluctuating near the intraday bullish channel's support, and the price faces negative pressure from the EMA50 and stochastic. ...

2017-02-21 | visited: 123

The USD/JPY pair shows positive trading with the beginning of this day approaching from the critical resistance at 113.97. ...

2017-02-21 | visited: 164

Gold price achieved a break to the minor bullish channel's support, and stochastic provides negative signal now that supports the continuation of the decline in the upcoming period. ...

2017-02-21 | visited: 97

The price pushes negatively on the critical support at 17.90 to move below it now, which provides signals for potential test to the critical support at 17.43 before it returns to resume the main bullish trend. ...

2017-02-21 | visited: 119

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. ...

2017-02-21 | visited: 103

Bearish persistence below 0.7250 was needed to allow further bearish decline toward 0.7100 (note the previous bearish DAILY candlesticks within the SELL-Zone). The current bearish pullback toward 0.7100 should be watched for possible bullish price action. Otherwise, bearish persistence below 0.7100 will probably allow further bearish fall towards 0.6960. ...

2017-02-21 | visited: 167

The Monetary Policy Meeting Minutes from the Reserve bank of Australia had provided a few interesting remarks regarding the economy and monetary policy. ...

2017-02-21 | visited: 104

Risky traders considered this bullish pullback toward the price zone of 1.2700-1.2750 to be a valid SELL entry. All T/P levels were successfully reached. 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. ...

2017-02-21 | visited: 126

Bullish persistence above 1.0600 allowed further 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 1.0570-1.0500 stands as a prominent demand zone to be watched for a valid bullish entry (note the bullish Head & Shoulders Pattern with the initial target at 1.0800). Otherwise, further decline can be executed towards 1.0400 if a bearish break below 1.0570 is achieved. ...

2017-02-21 | visited: 127

The price rejected from strong resistance at $1,244.00. My advice is to watch for potential selling opportunities. The first downward target is set at the price of $1,221.00. ...