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
2015-01-27 12:22:53 UTC+00 15 hours, 47 min. ago
The market of USD/CHF is still showing signs of strength following the break below the level of 0.9285. Therefore, it will turn to a strong resistance. In this case a stronger drop should be seen towards 0.8863 support for confirmation. Moreover, the trend is still below the three major resistances of 0.9125, 0.9285 and 0.9330, thus it will be a good sign to sell below 0.9285 and sell again below 0.9125. The Swissy is also quoted amid the promise to “sell unlimited euro” in order to support its currency. Hence, psychology level is set at 0.9285, and one should be patient to keep the trade untill the end because the USD/CHF pair is going to fall from the mentioned resistances.
2015-01-27 10:06:15 UTC+00 18 hours, 3 min. ago
The Dollar index has given a short-term sell signal as its main component EURUSD is making a bigger than normal bounce to the upside.The longer-term trend remains bullish and for now we consider this pullback in the index as a short-term correction.
2015-01-27 10:01:22 UTC+00 18 hours, 8 min. ago
Gold price remains in a short-term downtrend. The price, as I mentioned in previous posts, is in danger of falling towards $1,260 or even $1,220. It seems that this correction has started. Support at $1,270-75 is critical for the short-term trend.
2015-01-27 08:55:04 UTC+00 19 hours, 14 min. ago
The recent price action to the upside is rather choppy and does not look like a typical impulsive wave, but this kind of wave development might be a part of a structure called Ending Diagonal. The other clue comes from the bearish divergence between the price and momentum, that is diminishing as the price makes higher highs. That kind of market behavior might suggest that a local top for this market is near and any breakout below the level of 1.2309 would be first confirmation of this possibility.
2015-01-27 08:43:30 UTC+00 19 hours, 26 min. ago
The most important level that, if broken, could ignite the bullish wave progression to the upside has not been violated yet. This level is the intraday resistance at the level of 134.19. It looks like the market has made five waves to the upside and now it will try to test the intraday resistance at the level of 131.83. If this support is broken, then the next support is at the local swing low at the level of 130.14. Please notice, that the market is still trading inside the bearish zone and the corrective wave 4 black might still be in progress.
2015-01-27 03:23:13 UTC+00 1 day, 46 min. ago
The USDX is still very bullish on the main time frames, such as the daily chart. Because of it, it's wise to wait for a bullish formation in order to follow the current bias on this instrument. We recommend to wait for a retracement to the support level of 94.18.
2015-01-27 03:22:34 UTC+00 1 day, 47 min. ago
During the last session, the GBP/USD pair had a recovery from the support tested at the 1.5025 level. Currently, the pair is still forming a lower low pattern in order to fall until the support level of 1.4853.
2015-01-27 03:00:25 UTC+00 1 day, 1 hour, 9 min. ago
On a positional basis, until the pair holds at 117.00 and trades above 118.85, it can give another stellar show towards 120.00+.
2015-01-27 02:59:11 UTC+00 1 day, 1 hour, 10 min. ago
When the European market opens, no economic news are expected today from the eurozone. The US will release a number of economic reports such as the Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m.
2015-01-27 02:57:01 UTC+00 1 day, 1 hour, 13 min. ago
In Asia, Japan will release the SPPI y/y. The US will publish a number of economic reports such as Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m.
2015-01-27 02:14:53 UTC+00 1 day, 1 hour, 55 min. ago
We recommend fresh selling below 1.1200. Use every rise to sell which favors the current trend.
2015-01-27 02:12:42 UTC+00 1 day, 1 hour, 57 min. ago
In case if the metal breaks below $1,271.80 being January 19th low, it can extend its fall towards $1,269.00, $1,266.50, $1,262.50, and $1,255.00.
2015-01-27 01:31:46 UTC+00 1 day, 2 hours, 38 min. ago
The outlook for the USD/CHF pair remains unchanged. The bias on this currently abnormal market is bearish but it is expected that the bullish correction would continue gradually in spite of occasional large bearish corrections. However, the upwards movement would be slow and gradual.
2015-01-27 00:56:43 UTC+00 1 day, 3 hours, 13 min. ago
The prices are facing strong resistance at 34hrsma and the 61.8 fib level 1.5115 on the h4-chart.
2015-01-26 15:54:30 UTC+00 1 day, 12 hours, 15 min. ago
USD/JPY is expected to trade in a higher range. It is undermined by flows to the haven JPY and unwinding of JPY-funded carry trades amid increased risk aversion as exit polls showed the Greek party Syriza leading in national elections on Sunday that heightened fears that Greece will eventually exit the eurozone. The pair is also weakened by Wall Street losses Friday, drop in Chicago Fed National Activity Index to -0.05 in December, weaker than expected MoM increase in the U.S. December existing home sales, lower Markit flash U.S. January manufacturing PMI of 53.7.