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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.
2017-04-21 | visited: 236

AUD/JPY bearish non-volatile trend is still in place. The trend is expected to continue in the short term. Fundamentally, JPY is stronger than AUD recently. A retest of 83.00 and rejecting it will trigger a further bearish move towards 79.20 support level. ...

2017-04-21 | visited: 209

The US Unemployment Claims data was slightly above consensus forecasts, but the overall job market in the US remains stable. ...

2017-04-21 | visited: 222

The USD/CHF pair faced resistance at the level of 1.0033, while minor resistance is seen at 0.9991. Support is found at the levels of 0.9949 and 0.9896. The USD/CHF pair continued to move upwards from the level of 0.9949. The pair rose from the level of 0.9949 to the top around 0.9991. In consequence, the USD/CHF pair broke resistance, which turned into strong support at the level of 0.9949. ...

2017-04-21 | visited: 183

The NZD/USD pair has still set below the level of 0.7075. There are no changes in my technical outlook. The bias remains beairjs in nearest term testing 0.6889 or lower. The kiwi is still moving between the levels of 0.7075 and 0.7004 since yesterday. The trend is still set below the 0.7075 level. The resistance of the NZD/USD pair is seen at the levels of 0.7075 and 0.7132. ...

2017-04-21 | visited: 212

The PMI Manufacturing data from Japan has beaten the expectations. ...

2017-04-21 | visited: 313

On Friday 21st of April, the event calendar is busy with macroeconomic data from the Eurozone (Flash Manufacturing, Services, and Composite PMI's), Great Britain (Retail Sales with Auto Fuel), Canada (Consumer Price Index) and the USA (Flash Manufacturing, Services, and Composite PMI's and Existing Home Sales). ...

2017-04-21 | visited: 269

The Dollar index remains in a bearish trend. Price is heading towards 99 where critical medium-term support is found. Only a break above 100.80 could change short-term trend to bullish again. ...

2017-04-21 | visited: 368

Gold price continues to move sideways in a corrective manner. The move that started from recent highs is part of a correction and we are just above the 38% Fibonacci retracement of the rise from $1,246. I remain longer-term bullish but cannot rule out a steep decline towards $1,250 before the resumption of the up trend. ...

2017-04-21 | visited: 245

EUR/NZD is testing resistance at 1.5347 indicating that the wave ii correction completed the test of 1.5054 and wave iii higher now is unfolding. Normally third waves become the extended wave and if this is the case here, we should look for wave iii to reach a minimum of 1.6656. Short-term, we could see a minor set-back toward 1.5171 before the next impulsive rally takes out resistance at 1.5347 and more importantly resistance at 1.5486 confirming wave iii is developing. ...

2017-04-21 | visited: 241

Minor support at 116.45 protected the downside, which called for a direct extension higher to 117.99 (the peak of wave iii/ has been seen at 117.82). and a correction in wave iv/ is now unfolding toward 116.52 before higher again toward 119.35 to complete wave i. It's possible to count the rally from 114.82 as a complete five-wave rally at 117.82 and if this is the case, we should still look for a slightly deeper correction, that will overlap with the top of wave i/ at 115.88 closer to 115.82 before turning higher again. ...

2017-04-21 | visited: 197

The EUR/JPY has already generated a bullish signal. Price is currently above the demand zone at 117.00, going toward the supply zones at 117.50 and 118.00. The bullish movement is expected to continue within the next several trading days. ...

2017-04-21 | visited: 246

When the European market opens, some Economic Data will be released, such as Current Account, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. ...

2017-04-21 | visited: 173

In Asia, Japan will release the Tertiary Industry Activity m/m and Flash Manufacturing PMI data. ...

2017-04-20 | visited: 130

USDX is now taking a rest in the downside following a very bearish week. Currently, the support zone of 99.48 is acting as a strong barrier for sellers, but if that level gives up, we can expect another decline to test the 99.17 level across the board. ...

2017-04-20 | visited: 160

GBP/USD is still holding its price action above the 1.2800 handle, despite a consolidation that is taking place below the resistance zone of 1.2875. Eventually, the pair might plummet toward 1.2728. ...