The Forex analysis section contains experts’ reviews of financial markets, daily online forecasts of currencies dynamics, and analysis of financial markets for a week ahead. Over two dozens of Russian and Western currency strategists share their forecasts for tomorrow and offer their advice on trading. A stream of fresh quality analytical materials on MT5 is one of essential instruments of successful trading.
29 Jul 2015, 07:58 UTC+00
The pair rejected at 50Dsma twice, but manage to close above 20Dsma. In the H1 chart, the pair has been reaching higher highs and higher lows.
29 Jul 2015, 07:57 UTC+00
A daily close is expected above $1,110.00, bulls aim for $1,118.00, chances are remote.
29 Jul 2015, 07:37 UTC+00
The flat correction in wave 2 continues to unfold just as expected. We are currently looking for one final decline to just below 1.6325 to terminate wave 2 and set the stage for wave 3 higher. A break above minor resistance at 1.6602 will be the first indication that wave 2 is over and wave higher is developing.
29 Jul 2015, 07:30 UTC+00
We are still looking for a break above resistance at 137.80 that will confirm continuation higher to 141.06 and 144.03 as the next upside targets. There is still risk of a break below minor support at 135.49 and more importantly a break below the support-line at 134.83.
29 Jul 2015, 07:03 UTC+00
Amid the reports, EUR/USD will move low to medium volatility during this day.
29 Jul 2015, 07:03 UTC+00
There is a strong probability that USD/JPY will move with low tomedium volatility during the day.
29 Jul 2015, 03:38 UTC+00
On the daily chart, the support level of 96.57 remains untouched, as the Index is still trading above that important zone, but be cautious with the current downside corrective moves held in this time frame.
29 Jul 2015, 03:37 UTC+00
GBP/USD is still riding the current bullish momentum held above the 200 SMA on the daily chart. , it is possible that the resistance zone of 1.5640 could be broken in coming days. If that happens, GBP/USD will test a high around the level of 1.5777 again.
28 Jul 2015, 19:41 UTC+00
A bullish breakout above the price zone of 1.2770-1.2800 has been executed. The long-term bullish projection target would be located at the level of 1.3080 if enough bullish support is maintained. Today, the signs of lack of bullish momentum are manifested on the chart. A bearish corrective movement is likely to be executed towards 1.2900 and 1.2850.
28 Jul 2015, 19:28 UTC+00
As anticipated, a bearish daily closure below 1.0950 enabled a quick bearish decline towards 1.0850 and 1.0750. Evident bullish recovery was expressed last week after hitting the level of 1.0800. Bulls have been trying to bring a bullish corrective movement towards 1.1000. Yesterday, the level of 1.1100, where the backside of the broken uptrend is located, was being approached. The price level of 1.1000 has already been breached earlier this week.
28 Jul 2015, 19:23 UTC+00
A quick bearish decline towards 1.5470 and 1.5370 should be expected if 1.5550 gets broken again. On the other hand, the price level of 1.5770 (61.8% Fibonacci level) is the next supply level to be watched if bullish fixation above 1.5550 persists on a daily basis. If so, a counter-trend intraday SELL entry can be offered at retesting of the price level of 1.5770.
28 Jul 2015, 19:10 UTC+00
Technical analysis and trading recommendations for Silver for July 28, 2015. Silver is seen to be trading around the $14.70 levels pushing higher towards $15.30/40 at least.
28 Jul 2015, 19:02 UTC+00
Technical analysis and trading recommendations for gold for July 28, 2015. Gold is seen to be trading around the $1,095.00 levels at the moment and might be looking to push through the $1,130.00 levels.
28 Jul 2015, 18:56 UTC+00
The EUR/JPY pair is inching higher, producing minor intraday dips. The level of 135.50 remains immediate support.
28 Jul 2015, 18:47 UTC+00
The GBP/CHF pair ticked off towards fresh highs around 1.5075. Be aware of possible pullbacks.