site map
rus
eng

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.
2017-03-23 | visited: 181

Gold price has most probably completed an impulsive wave upwards from $1,194 lows. The price is showing reversal signs. A short-term correction should unfold from current levels towards $1,220-30. Gold is in a bullish trend. I remain long-term bullish for Gold. ...

2017-03-22 | visited: 138

We continue to look for more upside pressure in wave [v] closer to at least 1.5537 and possibly even closer to 1.5764 before the first impulsive rally from 1.4495 is complete and a larger correction of the rally from 1.4495 to ? takes over. Short-term, we expect minor support at 1.5273 to be able to protect the downside for a break above 1.5441 confirming more upside towards at least 1.5537. ...

2017-03-22 | visited: 189

Much to our surprise EUR/JPY failed to break above resistance, seen at 121.86, and has instead broken below support at 120.61 keeping the corrective decline from 122.88 alive. The next downside support to look for is seen at 119.99, which marks both the 61.8% corrective target of the rally from 118.19 to 122.88, but also the low of wave iv/ of one lesser degree, which should provide substantial support. That said, we have to be aware the JPY now is benefiting from the risk-off mode due to the stock markets sell-off yesterday and we can underestimate this fear. So we will need some solid proof, that the corrective decline from 122.88 has completed and the best will be a break above 121.84. ...

2017-03-22 | visited: 269

Gold is rising within an impulsive pattern. The price is in an uptrend. After making an important low at $1,194, gold is rising and is expected to move towards the key monthly resistance at $1,325. In the short term, gold prices are close or has already completed 5 waves up from $1,194. ...

2017-03-21 | visited: 144

The correction in the wave [iv] completed with the test of 1.5170. Besides, the wave [v] higher to at least 1.5537 and possibly even closer to 1.5764 is now unfolding. In the short term, the support at 1.5218 should be able to protect the downside for a break above 1.5441 confirming more upside pressure towards 1.5537 and perhaps even closer to 1.5764. ...

2017-03-21 | visited: 137

We continue to look for more upside pressure towards 125.53 and perhaps even closer to 126.54 in wave (v) of 3. Short term, we are looking for a break above minor resistance seen at 121.86 for a rally to 122.88 and above towards 125.53. Support is now seen at 121.44, which ideally will be able to protect the downside for the rally higher. ...

2017-03-20 | visited: 166

We continue to look for a final decline closer to 1.5165 to complete wave [iv] and are setting the stage for a rally in wave [v] towards 1.5837 to complete the first impulsive rally of the 1.4495 low. Short term, minor resistance seen at 1.5350 should be able to cap the upside for the expected decline to 1.5165. ...

2017-03-20 | visited: 182

Wave ii is still unfolding and is expected to move lower towards at least 120.57 and maybe even closer to 119.99, which marks the 61.8% corrective target of the rally from 118.19 to 122.89. Once wave ii is complete, the scenario is still valid for a strong rally higher towards 125.53. ...

2017-03-17 | visited: 253

The flat correction in wave [iv] continues to unfold. We are still looking for a move closer to 1.5116 before the correction in wave [iv] should complete and set the stage for the next impulsive rally in wave [v] of i higher towards 1.5765. In the short term, only a direct break above the resistance at 1.5441 will indicate that the correction has already completed and wave [v] is developing. ...

2017-03-17 | visited: 266

After a minor correction towards the 120.36-120.45 area, more upside towards 125.53 remains expected. A short-term break above the minor resistance at 122.20 will confirm continuation higher. ...