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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

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: 149

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: 216

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: 216

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: 226

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: 278

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: 195

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: 201

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: 203

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

2017-03-20 | visited: 194

The Westpac New Zealand Consumer Confidence Index data were worse than expectations. ...

2017-03-20 | visited: 212

Broken falling wedge and hidden bullish divergence in the background. My advice is to watch for potential buying opportunities. The first target is set at the price of 113.15 ...

2017-03-20 | visited: 240

Strong resistance cluster and hidden bearish divergence in the background. My advice is to watch for potential selling opportunities. The first target is set at the price of 1.0735. ...

2017-03-20 | visited: 237

The Dollar index remains in a bearish short-term trend after the rejection last week from 102.30 and the break below 101. The Dollar index is most probably heading lower towards 99.50 where the neckline support is found. ...

2017-03-20 | visited: 347

Gold price has reached the important $1,230-40 resistance area and a pullback is expected from current levels towards $1,220-15. Gold price has most probably made an important low at $1,194 and the next leg upwards has started. ...

2017-03-20 | visited: 205

The bearish bias in USDX still remains alive in the short term, as the support zone of 100.15 could be broken in coming hours. If the index does a breakout below the 100.15 level, then we can expect a testing of the 99.66 level. ...