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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.
2017-03-21 | visited: 185

The pair is looking for another catalyst to follow the overall bullish bias, which has been followed above the 200 SMA at H1 chart, as GBP/USD was rejected by the resistance zone of 1.2409. ...

2017-03-20 | visited: 216

We take a nice detailed look at USD/JPY 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! ...

2017-03-20 | visited: 190

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 the RSI to determine the best entry, stop loss and profit targets. ...

2017-03-20 | visited: 228

Price continues to drop nicely as we remain bearish looking to sell below 1.0755 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0628 support (Fibonacci retracement, horizontal overlap support). RSI (34) sees major bearish resistance vs price signalling an impending reversal is expected. ...

2017-03-20 | visited: 180

We remain bullish above 112.53 major support (Fibonacci extension, Fibonacci retracement) where we expect a bounce up to at least 113.57 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support above the 4.6% level where we expect a bounce from. ...

2017-03-20 | visited: 156

Price continues to test major support around the 0.9963 area (Fibonacci retracement, fibonacci extension, horizontal swing low support) where we expect a bounce from to at least 1.0058 resistance (Fibonacci retracement, horizontal pullback resistance). RSI (34) sees major support above the 29% level along with bullish divergence vs price suggesting a bounce is impending. ...

2017-03-20 | visited: 137

We remain bullish above 121.15 support (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to 122.88 resistance (swing high resistance, Fibonacci extension) once again. Stochastic (55,5,3) is seeing strong support above the 4.5% level and also sees bullish divergence vs price which signals a bounce is impending. ...

2017-03-20 | visited: 141

Price is approaching major resistance at 0.7065 (Fibonacci retracement, Fibonacci extension) where we expect a reaction from for price to drop to at least 0.6968 support (Fibonacci retracement, recent swing low support). Stochastic (21,5,3) sees major resistance at 95% and price still has some upside potential before it reaches the main resistance level where we can see a corresponding drop in price from. ...

2017-03-20 | visited: 206

After a week of Impulsive selling, USD/JPY has finally found a support to push the price up a bit. As of Bank Holiday of Japan and not having any USD high impact events as well, today is going to be a quite day for the currency pair. A further bullish move is expected in this pair to take the price higher toward 113.65 and 114.50 in the coming future. ...

2017-03-20 | visited: 205

The NZD/USD pair is continuing to rise from the level of 1.2249 in the long term. It should be noted that the support is established at the level of 1.2336 which represents the 38.2% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same timeframe. Accordingly, the NZD/USD pair is showing signs of strength following a breakout of the highest level of 1.2336. ...

2017-03-20 | visited: 219

After massive bullish pressure hit the EUR/USD, after the FOMC meeting discussing the rate hike of USD. Today market is said to be less volatile as of Euro Group Meeting and no high impact events on each side. Currently, the price is expected to move down toward 1.0630-40 area before showing any further upward moves in this pair. ...

2017-03-20 | visited: 268

The EUR/USD pair seems to have completed the diagonal structure as depicted on the hourly chart here labeled 5 waves A through E. Furthermore, the pair seems to have also resumed its downtrend according to the bigger picture discussed earlier and has already completed waves 1 and waves 2 respectively towards the same. ...

2017-03-20 | visited: 186

As seen on the four-hour chart, the EUR/USD pair is moving with a bullish bias from the support levels of 1.0700 and 1.0660. Currently, the price is in a bullish channel. The RSI indicator confirms it, signaling that we are still in a bullish trending market. As the price is above the moving average (100), the immediate support is seen at 1.0700, which coincides with a golden ratio (61.8% of Fibonacci). ...

2017-03-20 | visited: 195

On Monday 20th of March, there is not much in event calendar, but the market participants will be paying attention to the Wholesale Sales data from Canada that will be released during the American session. ...

2017-03-20 | visited: 197

Another good set of data from the U.S. economy (job market, construction, sentiment) had been released last week. ...