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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.
2017-02-23 | visited: 136

NZD is gaining strength against USD again after the bounce off from 0.7240. Without having any high impact events on the side of NZD, the weakness of USD is helping NZD to gather steam and move towards resistance. If the resistance at 0.7240 is broken above, a much higher move towards 0.7380 is expected in the coming trading days. ...

2017-02-23 | visited: 91

After a lot of struggle, AUD has finally managed to be above the 0.7688 level. Despite the US Unemployment Claim report, AUD is expected to gain strength over USD today and reach the resistance area of 0.7730-50. ...

2017-02-23 | visited: 126

The Canadian December Retail Sales data surprised market participants after the data published were way worse than expected. ...

2017-02-23 | visited: 127

The upbeat minutes from the Federal Reserve Open Market Committee (FOMC) meeting did not lift the U.S. Dollar much, despite the fact that many officials considered a rate increase might be "appropriate fairly soon". ...

2017-02-22 | visited: 93

EUR/AUD is strongly bearish since the break of 1.4130. After EUR having positive report today the price has shown some bullish move, rejecting the bears. If the price breaks above 1.3730 with a daily close a further bullish move in this pair is expected or else the bearish bias will take the price down towards 1.32. ...

2017-02-22 | visited: 120

USD/CAD is on the way to break the resistance at 1.3210. On the CAD front, the loonie price is currently stalling below the resistance because of Core Retail Sales. But if the US Home Sales report comes positive, the pair is expected to break the resistance with a daily close above 1.3210 to set a further move upside towards the trendline resistance. ...

2017-02-22 | visited: 150

The Flash Manufacturing PMI index data had surprised the market participants by printing worse than expected numbers. ...

2017-02-22 | visited: 147

Interesting comments regarding the crude oil has hit the newswires overnight. ...

2017-02-21 | visited: 137

At the moment the EUR/JPY pair is being dominated by the bears and with positive JPY fundamental outcomes and mixed EUR fundamental reports today, JPY has been observed to be stronger than EUR. If the price breaks below 119.50 support with a daily close, a long leap towards 116.50-30 is the next target downwards. ...

2017-02-21 | visited: 151

GBP is getting weaker day by day against USD. The negative statement about inflation rate and increased in net borrowing forced GBP to fall towards the 1.2416 support level. At the moment the price is rejecting the support and if the support rejects we are expecting some upwards move or the bias will change to bearish after the 1.2380 level is taken out with a daily close. ...

2017-02-21 | visited: 167

The Monetary Policy Meeting Minutes from the Reserve bank of Australia had provided a few interesting remarks regarding the economy and monetary policy. ...

2017-02-21 | visited: 136

The Eurozone Composite PMI for February hits the highest level in 70 months ...

2017-02-20 | visited: 162

Currently, the bears are in power in the USD/JPY pair. Upcoming FOMC meeting is expected to disclose the upcoming USD moves. Currently, the price is expected to move downwards the support 112.50 as JPY is expected to gain stronger throughout the week. ...

2017-02-20 | visited: 184

EUR is currently gaining strength against USD as of EUR Positive German PPI report and USD Bank holiday due to President's Day. Currently the price is below 1.0640-50 area and it is expected that the price will retrace towards the resistance and bounce off with selling pressure to reach the next support at 1.0530. ...

2017-02-20 | visited: 145

The Baker Hughes US Oil Rig Count data released last Friday revealed that the number of active oil rigs has increased for a fifth successive week. ...

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