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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.
2017-02-20 | visited: 139

We are still looking for a break above resistance seen at 1.4866 that confirms that a long-term low finally is at 1.4495 and a new long-term rally in wave 3 is developing. Short-term, we expect that the minor support at 1.4690 will be able to protect the downside for a break above minor resistance seen at 1.4835 and more importantly above resistance at 1.4866 that calls for a rally to 1.5282 on the way higher to 1.5836 and above. Only an unexpected break below 1.4495 will invalidate our bullish outlook. ...

2017-02-20 | visited: 186

We continue to expect support at 119.30 that will be able to protect the downside for a break above minor resistance at 120.39 and more importantly a break above resistance at 121.33 that will confir, that red wave iii higher toward 123.67 is unfolding. The ideal target for wave v/ and 3 remains being seen at 126.54. Only an unexpected break below support at 119.30 will invalidate the immediately bullish count, but no invalidate the long-term count calling for more upside closer to 126.54 to complete wave 3. ...

2017-02-17 | visited: 174

Wave [ii] completed with the test of 1.4618, which was close to a perfect 61.8% correction of wave [i]. All we need now is a clear break above resistance at 1.4862 that confirms a strong rally in wave [iii] higher to 1.5282 and in the long term much more upside closer to 1.5837 is expected here. Support is now seen at 1.4735 and, more importantly, at 1.4695 that is expected to protect the downside for the break above 1.4862. ...

2017-02-17 | visited: 228

We continue to look for a break above minor resistance seen at 121.05 and more importantly a break above resistance at 121.77 that will confirm red wave iii higher to at least 123.47 is unfolding. Short-term we expect minor support seen at 120.65 will be able to protect the downside for the expected break above 121.05. However, a break below 120.65 will delay the expected rally in red wave iii for a move closer to 120.18 before higher again. ...

2017-02-16 | visited: 168

The correction from 1.4862 has become deeper than first expected. That has changed the short-term count slightly. Instead of wave [i] completing closer to 1.4953 wave [i] already completed with the test of 1.4862 and the ongoing correction is wave [ii]. As second waves has a tendency to become very deep, we need to allow for a move closer to 1.4574 and even a 100% correction to 1.4495, but the starting point of wave [i] can not be broken at any time as that will invalidate the bullish count. Short-term a break above minor resistance at 1.4828 is needed to confirm wave [ii] is complete and wave [iii] higher toward at least 1.5218 is developing. ...

2017-02-16 | visited: 170

We continue to look for a break above minor resistance at 121.33 and more importantly a break above resistance seen at 121.77 that confirms the expected rally higher to 124.09 and 126.54 to complete wave 3. Short-term support is now seen at 120.63 and again at 120.18 that should be able to protect the downside. Should the support seen at 120.18 be broken that would indicate that red wave ii is still unfolding, but the potential downside should be very limited. ...

2017-02-15 | visited: 194

We continue to look for a break above minor resistance seen at 1.4828 and more importantly a break above resistance at 1.4862 that will call for a rally higher toward at least 1.4953, but could easily extend the rally higher to the 1.5276 target. Longer term, we are looking for much higher levels here, but we need the break above 1.5276 to confirm that a firm low was seen with the test of 1.4495 and a new long-term impulsive rally is starting. ...

2017-02-15 | visited: 232

We continue to look for a clear break above minor resistance seen at 121.33 and more importantly a break above resistance at 121.76 that will confirm continuation higher to 122.35 on the way to 126.54 that will complete wave 3 of the 109.48 low. Short-term support is now seen at 120.63 and again at 120.18 the later should protect the downside at anytime or a more complex red wave ii will be unfolding. ...

2017-02-14 | visited: 144

We continue to look for a break above minor resistance at 1.4862 for a move closer to 1.4918 to complete wave i/ and set the stage for a minor correction to 1.4740; before the next and much stronger rally towards 1.5282 and 1.5764 on the way higher. In the long term, we are looking for much higher levels here, but we need to let the base for this strong rally evolve to be able to carry the prices higher as expected. ...

2017-02-14 | visited: 183

The failure to rally above 121.33 has kept the minor correction alive and will likely course a minor spike to just below 120.22 before the next rally higher to above minor resistance at 121.33 and, more importantly, a break above 121.77 is seen. It confirms the rally higher towards 126.54 to complete wave 3. In the short term, support is seen at 120.06 and then strong support is seen at 119.30, which is expected to be able to protect the downside for the rally above 121.33 and 121.77. ...