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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.
2017-02-16 | visited: 149

Parabolic bottoming on Gold is observed. Be careful when selling and watch for potential buying opportunities. The first target is set at the price of $1,244.00. ...

2017-02-16 | visited: 151

The Energy Information Administration (EIA) reported a build in crude oil inventories for the week ending February 10. ...

2017-02-16 | visited: 158

The USD/CHF pair is trading in an uptrend channel, the market showed signs of instability. According to the previous events, the trend is still trading between the levels of 0.9974 and 1.0101. The daily resistance and support are seen at the levels of 1.0101 and 0.9974 respectively. The market moved from its bottom at 0.9974 and continued to rise towards the top of 1.0045. ...

2017-02-16 | visited: 150

The NZD/USD pair movement was clear as it took place in an uptrend channel for a while. The trend showed signs of a bullish market. Amid the previous events, the price is still moving between the levels of 0.7191 and 0.7283. The daily resistance and support are seen at the levels of 0.7250 and 0.7283 respectively. Hence, the NZD/USD pair is continuing to trade in a bullish trend from the new support level of 0.7191; to form a bullish channel. ...

2017-02-16 | visited: 150

The Australian January employment data surprised the market participants. ...

2017-02-16 | visited: 199

There will not be many economic releases during the European and American trading sessions. The major fundamental events for today are: Building Permits and Housing Starts, Philly Fed Manufacturing Index, and Unemployment Claims from the US. Later on the Retail Sales data from New Zealand will be released as well. ...

2017-02-16 | visited: 221

The Dollar index is pulling back as we expected in our latest analysis. Although the price has broken out of the bearish channel and we might have completed a wave 4 low at 99.24, the bearish Head and Shoulders pattern should not be overlooked. A break below the neck line will be a very bearish sign. Otherwise a higher low will be a bullish sign. ...

2017-02-16 | visited: 270

Gold made a very bullish reversal yesterday. Despite falling towards $1,216, support was briefly broken but buyers stepped back in despite Dollar strength and supported the price. Moreover, the price continued higher and closed above $1,228-33 area where it is trading now. ...

2017-02-16 | visited: 168

The correction from 1.4862 has become deeper than first expected. That has changed the short-term count slightly. Instead of wave [i] completing closer to 1.4953 wave [i] already completed with the test of 1.4862 and the ongoing correction is wave [ii]. As second waves has a tendency to become very deep, we need to allow for a move closer to 1.4574 and even a 100% correction to 1.4495, but the starting point of wave [i] can not be broken at any time as that will invalidate the bullish count. Short-term a break above minor resistance at 1.4828 is needed to confirm wave [ii] is complete and wave [iii] higher toward at least 1.5218 is developing. ...

2017-02-16 | visited: 170

We continue to look for a break above minor resistance at 121.33 and more importantly a break above resistance seen at 121.77 that confirms the expected rally higher to 124.09 and 126.54 to complete wave 3. Short-term support is now seen at 120.63 and again at 120.18 that should be able to protect the downside. Should the support seen at 120.18 be broken that would indicate that red wave ii is still unfolding, but the potential downside should be very limited. ...

2017-02-16 | visited: 304

When the European market opens, some Economic Data will be released, such as ECB Monetary Policy Meeting Accounts, Spanish 10-y Bond Auction and Italian Trade Balance. ...

2017-02-16 | visited: 211

In Asia, today Japan will not release any Economic Data's but the US will release some Economic Data, such as Natural Gas Storage, Mortgage Delinquencies, Housing Starts, Unemployment Claims, Philly Fed Manufacturing Index and Building Permits. ...

2017-02-15 | visited: 160

The index is still alive in a bullish bias above the 200 SMA at H1 chart, but the resistance zone of 101.43 continues to cap further gains. However, the fact that USDX still trades above that moving average is giving us an idea about what's the coming path for the index. ...

2017-02-15 | visited: 224

The pair was trading in a bearish tone during Wednesday's session, consolidating its price action below the 200 SMA at H1 chart and that should be giving us a hint of further declines in the short-term. ...

2017-02-15 | visited: 154

We take an in-depth look on EUR/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! ...