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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: 103

The price shot up and reached our profit target perfectly. We now prepare to turn bearish below 1.0030 resistance (Fibonacci retracement, horizontal overlap resistance, and Fibonacci extension) for a push down to 0.9961 support (Fibonacci retracement, recent swing low support, and horizontal overlap support). RSI (34) is approaching the major resistance at 69%. ...

2017-02-20 | visited: 92

We remain bullish above 112.59 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.49 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support above the 8% level. ...

2017-02-20 | visited: 77

We prepare to turn bullish above the major support at 86.34 (Fibonacci retracement, Fibonacci extension) for a push up to 87.48 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing strong support above our 6% level signaling a bounce is impending. ...

2017-02-20 | visited: 121

Rising wedge formation on the USD/JPY pair is observed. My advice is to wait for a potential breakout of wedge formation to confirm further direction. Watch for potential selling opportunities. ...

2017-02-20 | visited: 135

Potential parabolic bottoming according to the 15M time frame is observed. Be careful when selling EUR/USD and watch for potential buying opportunities. The first target is set at the price of 1.0665. ...

2017-02-20 | visited: 124

The EUR/JPY pair consolidated from Monday to Thursday and then broke out to the downside on Friday. The price closed below the supply zone at 120.00 on Friday, after generating a bearish signal, which may continue to hold out this week. ...

2017-02-20 | visited: 129

USD/JPY is expected to trade with bullish bias above 112.70. The pair remains on the upside, capped by its rising 50-period moving average. ...

2017-02-20 | visited: 115

USD/CHF is expected to continue its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. ...

2017-02-20 | visited: 132

GBP/JPY is expected to trade with bullish bias above 139.80. The pair is currently posting a pullback, and is testing its 50-period moving average. ...

2017-02-20 | visited: 120

NZD/USD is expected to prevails the downside movement. The pair recorded a succession of lower tops and lower bottoms since Feb. 16 and is consolidating on the downside. ...

2017-02-20 | visited: 156

The Dollar index bounced off the cloud support as we expected in our last analysis. The Dollar index needs to break above 101.80 in order to confirm medium-term low at 99.25 and the start of a new uptrend targeting 105-110. ...

2017-02-20 | visited: 254

Gold remains in bullish trend. There is no indication that a deeper pull back is coming. Short-term support is held and the precious metal is ready for a push higher towards $1,280-$1,320. ...

2017-02-20 | visited: 146

The GBP/USD pair is moving in a bullish trend from the support levels of 1.2380, and 1.2287. Currently, the price is in a bullish channel around the spot of 1.2380 and 1.2473. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support is seen at 1.2380 and 1.2473, while the weekly strong support is found at 1.2287. ...

2017-02-20 | visited: 141

The EUR/USD pair continues to move downwards from the level of 1.0723. The pair dropped from the level of 1.0723 (this level of 1.0723 coincides with the ratio of 78.6% Fibonacci retracement) to the bottom around 1.0641. This week, the first resistance level is seen at 1.0723 followed by 1.0828 (the double top), while daily support 1 is found at 1.0583. ...

2017-02-20 | visited: 125

Bullish persistence above 0.7100 allowed further bullish advance toward 0.7250-0.7350 (Sell zone) where bearish price action was expressed as anticipated. Bearish persistence below 0.7250 is needed to allow further bearish decline toward 0.7100 (note the recent bearish DAILY candlesticks within the SELL zone). On the other hand, the current bullish pullback toward 0.7250 should be considered for SELLING the NZD/USD pair. ...