MT5 portal brings to youк attention the daily updated section of forex-analysis. All analytical materials, represented in this section, are prepared by the leading Russian and Western analysts of Forex market. We place qualitative analytical materials, which can undoubtedly provide benefits to every trader.
Mourad El Keddani
2014-11-26 12:38:17 UTC+00 15 hours, 22 min. ago
The EUR/USD pair is trading between the levels of 1.2360 and 1.2480 (those levels coincide with the Fibonacci retracement levels 00% and 50% respectively). It should be noted that the 1.2508 price will act as a strong resistance because it represents the ratio of 61.8% Fibonacci retracement levels in H1 chart. Moreover, the weekly pivot point has always set below the resistance and it will act as a minor resistance around the area of 1.2451. Therefore, it will be rather gainful to sell below the levels of 1.2508 or 1.2451 and look for further downside with 1.2357 and 1.2360 targets.
2014-11-26 12:11:47 UTC+00 15 hours, 48 min. ago
The correction, we where looking for towards 1.5805 is currently unfolding, once this correction is over, we will be looking for a new strong rally higher towards 1.6446 and higher to 1.6800.
2014-11-26 12:00:51 UTC+00 15 hours, 59 min. ago
The correction towards 142.06 is still unfolding. We are currently looking for a break below support at 146.29 to confirm that next strong decline towards 143.82 and lower towards 142.06.
2014-11-26 10:05:17 UTC+00 17 hours, 55 min. ago
The Dollar index is at an important junction regarding its bullish trend. The Dollar index is pulling back after the break out above 88.15 and is back below 88. If this pull back does not reverse upwards soon, then bulls are in danger of seeing another fake break out and a reversal towards 87 or even 86.
2014-11-26 09:59:32 UTC+00 18 hours ago
Gold price is trading very nervously still inside a trading range of $1,208 and $1,189. Ichimoku indicators remain bullish but with the tendency to change to neutral. Price is below the important resistance and pivot point of the 61.8% retracement of the decline from $1,255. Bulls should keep their stops tight as the down trend could resume any time.
2014-11-26 08:49:06 UTC+00 19 hours, 11 min. ago
The corrective cycle in wave -iv- blue looks to be completed as the price has broken below the yesterday's low. The leading diagonal scenarios, marked on the chart with thick blue lines, is still possible and all the requirement has been met so far except the last fifth wave to the downside. To complete this structure, the price should break below the level of 1.1230 and then finally below the level of 1.1190 before any meaningful correction will happen. Moreover, in that case the alternative count will be invalidated.
2014-11-26 08:39:02 UTC+00 19 hours, 21 min. ago
The corrective cycle inside the wave (ii) or b green is still in progress and two key levels have been marked on the chart. The upper key level is the most important for bears as any violation of it would lead to more intraday gains with the projected targets at the levels of 147.98 and 149.14. On the other hand, the breakout below the lower key level would be the most important for bulls, because it might lead to corrective cycle extension down to the levels of 145.58 before any meaningful bounce/resumption will happen.
2014-11-26 08:36:49 UTC+00 19 hours, 23 min. ago
Technical analysis and trading recommendations for EUR/JPY for November 26, 2014. The EUR/JPY pair is trading in a range after breaking below the immediate support trend line. 145.57 remains key interim support/low.
2014-11-26 08:13:54 UTC+00 19 hours, 46 min. ago
Technical analysis and trading recommendations for GBP/CHF for November 24, 2014. The GBP/CHF pair is looking to form base around 1.5130/40 levels for now.
2014-11-26 07:43:20 UTC+00 20 hours, 17 min. ago
Technical analysis and trading recommendations for Silver for November 26, 2014. Silver is inching closer to fibonacci resistance at $16.76/80. A push higher, would see $17.00 and $17.30 levels soon.
2014-11-26 07:19:52 UTC+00 20 hours, 40 min. ago
Technical analysis and trading recommendations for Gold for November 26, 2014. Gold is holding the $1,195.00 handle for now, and seems to be preparing to break higher.
2014-11-26 04:24:03 UTC+00 23 hours, 36 min. ago
The Swiss gold referendum will take place on November 30, 2014. The nearest weekly resistance exists at $1,213.50.
2014-11-26 03:59:48 UTC+00 1 day ago
When the European market opens, some
2014-11-26 03:58:59 UTC+00 1 day, 1 min. ago
Today, Japan will not release any economic data. But the US will publish many important economic reports.
2014-11-26 03:51:42 UTC+00 1 day, 8 min. ago
As of now, in the weekly chart the cable has formed a double bottom at 1.5590. In case if the cable holds at 1.5590, the double bottom can turn into a triple bottom on the weekly chart.