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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.
2017-03-20 | visited: 145

Today, Japan and the US will not release any Economic Data. ...

2017-03-20 | visited: 145

The EUR/USD went north last week – just as it was predicted. Although the market went south on Monday and Tuesday, it went northward in the last few days of last week. The price went briefly above the resistance line at 1.0750 and later closed below it on Friday. This week, some vivid correction is expected, for the outlook on EUR is bearish for the week. ...

2017-03-17 | visited: 253

The flat correction in wave [iv] continues to unfold. We are still looking for a move closer to 1.5116 before the correction in wave [iv] should complete and set the stage for the next impulsive rally in wave [v] of i higher towards 1.5765. In the short term, only a direct break above the resistance at 1.5441 will indicate that the correction has already completed and wave [v] is developing. ...

2017-03-17 | visited: 266

After a minor correction towards the 120.36-120.45 area, more upside towards 125.53 remains expected. A short-term break above the minor resistance at 122.20 will confirm continuation higher. ...

2017-03-17 | visited: 272

The gold price shows new attempts to breach the key resistance 1,231.13, as the price gets positive momentum impacted by the positive overlapping signal provided by stochastic ...

2017-03-17 | visited: 263

The price reached our selling area and dropped perfectly from there towards our profit target. We now prepare to go bullish above the 86.45 support (Fibonacci retracement, horizontal swing low support) for a push up to 87.49 resistance (Fibonacci extension, swing high resistance). Stochastic (21,5,3) is seeing strong support above 6.3% where we expect a bounce from. ...

2017-03-17 | visited: 248

USD/CHF is now testing the major support around 0.9963 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). The price can bounce from this level 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. ...

2017-03-17 | visited: 216

Silver is trading upwards after leaning on the EMA50, waiting to breach above the 17.43 level and head towards our next target at 18.30. ...

2017-03-17 | visited: 333

I found successful rejection of resistance at the price of 1.0775. My advice is to watch for potential selling opportunities with the first target at the price of 1.0665. ...

2017-03-17 | visited: 242

Bearish persistence below 0.7100 (the key level) allows a further decline toward 0.6960 which failed to provide enough support for the pair. That's why a further fall is expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles. This week, a bullish breakout above the depicted key-level (0.6960) was achieved. That's why, any bearish pullback towards 0.6960 should be watched for bullish rejection and a possible BUY entry. ...

2017-03-17 | visited: 287

I found a broken upward channel inside of the horizontal trading range. My advice is to watch for selling opportunities. The first downward target is set at the price of 111.70. ...

2017-03-17 | visited: 239

The current bullish breakout above 1.3300 (50% Fibonacci Level) enhanced further advance toward 1.3440 and 1.3550. 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 again below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970) ...

2017-03-17 | visited: 326

The EUR/USD pair is seen to be testing the diagonal resistance line for the last few hours as shown on the 4H chart. The pair has exceeded 1.0757 by a few pips and has made intraday highs at 1.0782 levels today before dropping lower. ...

2017-03-17 | visited: 215

There is a short-term bearish signal on the GBP/USD pair. From the accumulation territory at 1.2150, price went upwards by 210 pips, now slightly below the distribution territory at 1.2350. Price has recently been consolidating, but when there is a breakout in the market, it would most probably be in favor of bulls. ...

2017-03-17 | visited: 188

The NZD/USD pair was trading around the area of 0.7075- 0.7004 Today, the level of 0.7075 represents the double top on the H4 chart. The pair has already formed minor resistance at 0.7004 and the strong resistance is seen at the level of 0.7075 because it represents the weekly resistance 1. So, major resistance is seen at 0.7004, while immediate support is found at 0.6889. ...