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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.
2017-04-25 | visited: 146

NZD/USD is under pressure. The pair broke below the 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. ...

2017-04-25 | visited: 202

GBP/USD has been in a corrective structure after the bullish impulsive move last week. Despite negative economic report on GBP side, it is still gaining ground over USD. If we see a daily close above 1.2800, we will expect the price to reach 1.3370 in the coming days. ...

2017-04-25 | visited: 129

GBP/JPY is expected to trade with a bullish bias above 140.55. The pair is posting a consolidation above its bullish gap, and remains above the support at 140.55. ...

2017-04-25 | visited: 154

The EUR/USD pair opened this week with a gap-up, which warns of a strong movement this week. Opening gaps were also observed on other EUR pairs and JPY pairs, which are expected to trend strong this week. As for EUR/USD, the gap is supposed to be filled soon. ...

2017-04-25 | visited: 143

The National Association of Realtors reported last week, that sales of existing homes in the US in March have increased to the highers level in 10 years. ...

2017-04-25 | visited: 127

The NZD/USD pair is still set below the levels of 0.7075 and 0.7004. NZD/USD is still moving between the levels of 0.7075 and 0.6946 since last week. On the other hand, the stop loss should be placed above the level of 0.7075. ...

2017-04-25 | visited: 138

Interesting news from the USA has hit the financial newsfeeds. ...

2017-04-25 | visited: 109

The USD/CHF pair continues moving downwards from the level of 0.9994. Last week, the pair dropped from the level of 0.9994 which coincides with the ratio of the 61.8% Fibonacci reterecement levels to the bottom around 0.9898. The current price is seen at 0.9944. Today, the first resistance level is seen at 0.9994 followed by 1.0044, while daily support 1 is found at 0.9882. ...

2017-04-25 | visited: 156

EUR/NZD is now accelerating higher, which is exactly what we would expect from wave iii. We are likely to see the base-channel resistance-line near 1.5765 be broken too as that will add confidence in wave iii developing and call for even more upside acceleration higher towards the first extension target for wave iii target at 1.6656. Support is now seen at 1.5500 and again at 1.5357. ...

2017-04-25 | visited: 194

We continue to look for more upside towards 120.62 and possibly even higher towards 121.92 to complete wave iii/. Wave iii/ should be followed by a shallow flat correction in wave iv/ and ideally hold above 118.88 for the next impulsive rally higher. Longer term, we expect a rally to above 122.88 and 124.09 during this run higher. ...

2017-04-25 | visited: 166

The Dollar index continues to trade above the 99-98.80 support area but the sideways consolidation in the short-term implies that more downside is expected. The downward move is not over but the risk reward does not favor bears. ...

2017-04-25 | visited: 253

Gold remains weak and in a short-term bearish trend. I expect $1,260 to be broken and price to move towards next support of $1,250-45. My longer-term view remains bullish. ...

2017-04-25 | visited: 182

On Tuesday 25th of April, the economic calendar is light, but global investors will keep an eye on the New Home Sales and CB Customer Confidence data from the US. ...

2017-04-25 | visited: 111

A recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now. Note the depicted bullish 1-2-3 pattern with projection target around 0.7250 provided that bullish fixation above 0.7080-0.7100 (neckline) is achieved on a daily basis. On the other hand, the price level of 0.7100 remains a significant key level to prevent a further bullish advance toward 0.7250. ...

2017-04-25 | visited: 132

Expected 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. The next resistance to meet the pair is located around the price level of 1.3580 that should be bypassed to pursue towards next bullish targets. ...