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.
24 Apr 2015, 12:56 UTC+00
Gold is trading in a range between $1,184.00 and $1,208.00. In case the price breaks up or down in a high volume, the direction will be confirmed.
24 Apr 2015, 11:52 UTC+00
Technical analysis and trading recommendations for Silver for April 24, 2015. Silver remains unchanged from yesterday. Now, it is trading around the level of $15.88.
24 Apr 2015, 11:46 UTC+00
The Dollar index is starting the day very weak as short-term support at 97 was broken. The Dollar index is making a Head and Shoulders pattern and is testing the neckline support at 96.80 now. If this support is broken, we should expect more selling to follow and a push much lower than 96 in the index.
24 Apr 2015, 11:41 UTC+00
Gold price was pushed up towards $1,195 as we had expected. It seems that the sideways movement is forming a triangle pattern. Traders should wait for a confirmed breakout above or below the triangle boundaries before taking any action.
24 Apr 2015, 11:38 UTC+00
Technical analysis and trading recommendations for Gold for April 24, 2015. Gold is still within the consolidation range between $1,182.00/85.00 and $1,207.00/09.00.
24 Apr 2015, 11:35 UTC+00
The corrective cycle in wave c purple is about to hit the anticipated target at the level of 129.94, just below the 78% Fibo at the level of 130.17. This is an area where the market is likely to reverse and continue lower. However any breakout higher would mean that the market is entering a bullish zone and the last swing high at the level of 131.30 might be tested. On the other hand, the key level to the downside is intraday support at the level of 128.95.
24 Apr 2015, 11:21 UTC+00
As anticipated yesterday the corrective cycle in wave c purple is in progress. As the market breaks all support levels and it is heading to test the swing low at the level of 1.2088. Please notice that the corrective cycle in wave 4 green is almost completed and the building bullish divergence on momentum oscillator supports this view. Nevertheless, some lower levels might be hit if the intraday support at the level of 1.2088 is violated. Next support is seen at the level of 1.20000.
24 Apr 2015, 11:01 UTC+00
Technical analysis and trading recommendations for EUR/JPY for April 24, 2014. The EUR/JPY pair moved through expected levels around 129.50/60.
24 Apr 2015, 10:39 UTC+00
Technical analysis and trading recommendations for GBP/CHF for April 24, 2015. The GBP/CHF pair retraced to the past resistance turned support and bounced.
24 Apr 2015, 08:00 UTC+00
The GBP/USD generally moves upwards this week. The price has closed above the accumulation territory at 1.5050 (which was our target for this week). The next target for bulls is situated at the distribution territory of 1.6000, which is likely to be attained today or next week.
24 Apr 2015, 07:58 UTC+00
We have seen a very strong rally from 1.3880, which indicates that the firm low for wave B is in place. We also have taken out resistance at 1.4237 adding confidence to call for a low being in place. In the short term, we are looking for the break resistance-line to act as support. However, even if this former resistance-line gets broken towards downside, support should be expected near 1.4150 for one more high above 1.4547. More impulsive rally will ultimately take us to a high of 1.7274 high.
24 Apr 2015, 07:49 UTC+00
A rally from a low of 126.02 continues to unfold as expected. We are looking for a break above the base channel resistance-line near 130.00 to add acceleration towards a target at 131.90, where red wave iii will be 161.8% longer than red wave i. We are only in the very beginning of, what we believe, is a new major impulsive rally that ultimately will take us way beyond the high of 149.55.
24 Apr 2015, 07:12 UTC+00
When the European market opens, some economic data on the Belgian NBB Business Climate, Eurogroup Meetings, and German Ifo Business Climate are due for release.The US will publish economic data about the Durable Goods Orders m/m and Core Durable Goods Orders m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.
24 Apr 2015, 07:11 UTC+00
In Asia, Japan is going to release data on all Industries activity m/m and SPPI y/y. The US is expected to publish economic data on Durable Goods Orders m/m and Core Durable Goods Orders m/m. So, there is a strong probability that the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
24 Apr 2015, 07:10 UTC+00
In case of negative economic data from the US, sell below 119.30 with targets at 119.00 and 118.50.