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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.
2017-02-15 | visited: 206

The USD/CAD pair is currently quite volatile and corrective. There is no specific trend in place and no hint for future moves in the market. If the price breaks below the support 1.30 bias, we will be bearish and if the market breaks above 1.3220 bias, we will be bullish. ...

2017-02-15 | visited: 217

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. ...

2017-02-15 | visited: 249

The price remains under heavy downside pressure below 1.0585 resistance (pullback resistance, descending resistance) and we expect the price to make a further push down to 1.0450 support (Fibonacci retracement, horizontal swing low support). RSI (34) sees a descending resistance line holding the price down. ...

2017-02-15 | visited: 198

The USD/JPY pair has been trading with clear positivity since yesterday to breach 113.97 level and settle above it. ...

2017-02-15 | visited: 182

Gold price did not show any strong move since morning, to fluctuate within tight range settling above 1221.50 level ...

2017-02-15 | visited: 123

Silver price shows some slight bearish bias approaching from the intraday bullish channel's support. ...

2017-02-15 | visited: 186

AUD/USD has been consolidating for the last 2 weeks and currently with good fundamental reports on USD there are some chances for USD to gain strength against AUD. If the price breaks below 0.7605-00 area it will reach the downward support at 0.7500-50 area. ...

2017-02-15 | visited: 204

Recent bearish pullback toward 1.2970 (61.8% Fibonacci level) offered a valid BUY entry as expected in 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. ...

2017-02-15 | visited: 164

Bullish persistence above 0.7100 allowed further bullish advance toward 0.7250-0.7350 (Sell zone) where bearish price action was expressed as anticipated. Bearish persistence below 0.7250 is needed to allow further bearish decline toward 0.7100 (Note the recent bearish DAILY candlesticks within the SELL zone). On the other hand, any bullish pullback toward 0.7250 should be considered for SELLING the NZD/USD pair. ...

2017-02-15 | visited: 205

The 4H chart view indicates that EUR/USD has confirmed its first leg towards larger down trend and that it is moving towards parity levels moving forward. As seen here, the drop from 1.0829 level has unfolded into an impulse and looks to be complete. ...

2017-02-15 | visited: 211

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. ...

2017-02-15 | visited: 183

Potential parabolic bottoming on Gold is observed. My advice is to watch for potential buying opportunities. The first target is set at the price of $1,234.40. ...

2017-02-15 | visited: 182

Bearish persistence below the depicted demand level (1.0570) was expected to allow further decline toward 1.0220. However, significant bullish recovery was expressed around the price level of 1.0340 on January 3. Bullish persistence above 1.0600 allowed further bullish 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 stands as a prominent demand level to be watched for corrective bullish rejection. Otherwise, further bearish decline can be executed towards 1.0400. ...

2017-02-15 | visited: 163

Support at the price of 1.4675 is on the test. Be careful when selling and watch for potential buying opportunities. The potential end of a bearish corrective phase. The first target is set at the price of 1.4765. ...

2017-02-15 | visited: 165

The NZD/USD pair continues to move downwards from the level of 0.7314. The pair fell from the level of 0.7314 to the bottom around 0.7190. The first resistance level is seen at 0.7265 followed by 0.7314, while daily support 1 is seen at 0.7179. According to the previous events, the NZD/USD pair is still moving between the levels of 0.7265 and 0.7118. ...