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.
2014-12-19 09:49:28 UTC+00 22 hours, 7 min. ago
The count has been changed a little and now it is indicating a more complex corrective cycle WXY brown in wave 4 purple, where wave Y brown has not been completed yet. The degree of the waves has been raised one step higher and this is why it is taking so long for the market to complete the corrective cycle this time of the year. The level of 1.1670 is acting as a strong intraday resistance level. Despite the fact it has been tested three times, the market still can not break through it. Nevertheless, the most important support is the intraday support at the level of 1.1559 and the dynamic support provided by the golden trend line. In case of any downside breakout, the weekly pivot point at the level of 1.1533 should provide a strong level to bounce from. Please notice that the bias is still bullish and at least one more impulsive wave to the upside should be made sooner or later.
2014-12-19 09:29:21 UTC+00 22 hours, 27 min. ago
December poor liquidity conditions are present on market and the market is not moving at all. The overall wave development is still consolidating inside of the golden channel, and average daily range is still rather narrow for this pair. The price is still testing the larger time frame support at the level of 145.70; and no decision on the future price movement has been made yet. Nevertheless, the bias is still to the upside, as the wave structure is corrective and there is still a good chance, that the impulsive waves to the upside will unfold soon.
2014-12-19 05:41:29 UTC+00 1 day, 2 hours, 15 min. ago
This sideways correction/consolidation jas just become even more complex than it already where. The failure to hold the break above the resistance line was really disappointing, but the leading expanding diagonal could still be developing as long as support at 1.5705 and more importantly as long as support at 1.5643 protects the downside.
2014-12-19 05:35:01 UTC+00 1 day, 2 hours, 22 min. ago
The expanded flat correction is still unfolding. We expect resistance at 146.76 will protect the upside for a break below support at 145.59 confirming a decline towards 143.81 and maybe even lower to 142.05
2014-12-19 04:05:37 UTC+00 1 day, 3 hours, 51 min. ago
Technical analysis and trading recommendations for EUR/JPY for December 19, 2014. The EUR/JPY pair is seen trading sideways since a couple of trading sessions in a cone format.
2014-12-19 03:54:03 UTC+00 1 day, 4 hours, 3 min. ago
Technical analysis and trading recommendations for GBP/CHF for December 19, 2014. The GBP/CHF pair has raised above 1.5350 levels as expected and discussed earlier.
2014-12-19 03:45:35 UTC+00 1 day, 4 hours, 11 min. ago
Technical analysis and trading recommendations for Silver for December 19, 2014. Silver might have carved out right shoulder for a potential inverted head and shoulder reversal, around $15.50/60.
2014-12-19 03:37:59 UTC+00 1 day, 4 hours, 19 min. ago
In Asia, Japan will release the BOJ Press Conference, All Industries Activity m/m, and Monetary Policy Statement. However, the US will not release any economic data today.
2014-12-19 03:36:20 UTC+00 1 day, 4 hours, 20 min. ago
Technical analysis and trading recommendations for Gold for December 19, 2014. Gold seems to have formed a higher low around $1,183.00 levels and ready to rally towards fresh highs.
2014-12-19 03:36:11 UTC+00 1 day, 4 hours, 20 min. ago
When the European market opens, some economic news will be released such as EU Economic Summit, Current Account, German PPI m/m, and GfK German Consumer Climate.
2014-12-19 02:10:32 UTC+00 1 day, 5 hours, 46 min. ago
On the H4 chart, the USDX is trying to form a bullish pattern above the support level of 89.05. However, the USDX could conduct a retracement to that level, as this instrument has been quite exhausted due to its bullish momentum in the last hours.
2014-12-19 02:08:48 UTC+00 1 day, 5 hours, 48 min. ago
The GBP/USD pair has managed to rebound above the bearish trend line at the 1.5600 level, because this pair is trying to reach the resistance level of 1.5698. This approach is important, since the GBP/USD pair could go up to where the 200-day moving average is located on the H4 chart.
Mourad El Keddani
2014-12-19 00:55:06 UTC+00 1 day, 7 hours, 2 min. ago
The resistance of the GBP/USD pair has been already set at the level of 1.5755. Furthermore, the weekly support 1 sets at the level of 1.5585. But it should be noted that support has been broken and turned to resistance around the area of 1.5755. Equally important, the weekly support 2 has been set at the level of 1.5800 today. Accordingly, the price of the GBP/USD pair has been moved between 1.5750 and 1.5605; thus, it is reasonable to be careful with action around this area. Also, it should be noted that the range today will be more than 90 pips. As a result, the trend in H4 chart is going to call for a bearish market at the levels of 1.5800 or 1.5755. Thereupon, it looks for further downside move below 1.5755 with targets at 1.5665 and 1.5585 (the weekly support 1). On the other hand, buy above the price of 1.5585 with the first target at 1.5693. It might resume to 1.5760 in order to test the first resistance.
Mourad El Keddani
2014-12-19 00:35:11 UTC+00 1 day, 7 hours, 21 min. ago
The price of EUR/USD pair has still been moving between 1.2320 and 1.2240. Additionally, it should be noted that the range was about 80 pips (1.2320 - 1.2240) today. Furthermore, the trend was very clear and was indicating in downtrend from the level of 1.2320. Accordingly, we expect that the trend is going to call for a bearish market at the level of 1.2320 in H1 chart. As a result, sell at the price of 1.2320 with the first target at 1.2263, it might resume to 1.2246 in order to test the double bottom. On the other hand, your stop loss should be placed above the 1.2322 (23.6% of Fibonacci retracement levels), for this reason, it will be beneficial to set it at the price of 1.2345.
2014-12-19 00:15:19 UTC+00 1 day, 7 hours, 41 min. ago
The USD/CHF price rose from around the support level at 0.9550, and is trended upwards significantly. The price nearly touched the resistance level at 0.9850. This is a move of close to 300 pips, and it has led to a strong Bullish Confirmation Pattern. With further strength in the Greenback, the price may go above the resistance level at 0.9850.