Forex analysis

Forex analysis
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.
Technical analysis
24 Feb 2017, 14:57 UTC+00
The GBPUSD pair hovers around 1.2550 level since morning and made an initial attempt to breach it, keeping the bullish trend scenario active for today
Technical analysis
24 Feb 2017, 14:55 UTC+00
The EURUSD pair achieved an initial breach to the first critical resistance level at 1.0581 to begin testing the resistance of the falling wedge at 1.0600
Technical analysis
24 Feb 2017, 14:51 UTC+00
The gold price resumed its bullish rally breaching 1,249.94 levels and building a major support base above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period.
Technical analysis
24 Feb 2017, 14:49 UTC+00
The silver price managed to hit our initial main target at 18.30 and settled there, waiting to breach this level to confirm extension of the bullish wave to 19.38 as the next main station.
Wave analysis
24 Feb 2017, 13:42 UTC+00
The correction in wave [ii] finally seems to have found its completion with the test of 1.4554 and we will now be looking for a break above the minor resistance seen at 1.4751 and more importantly a break above the resistance at 1.4866 that...
Wave analysis
24 Feb 2017, 13:36 UTC+00
As long as the short-term important support at 118.55 protects the downside, we will be looking for a break above the minor resistance at 119.51 and more importantly above the resistance at 120.32 that confirms the next impulsive rally towards at...
Technical analysis
24 Feb 2017, 12:39 UTC+00
We avoided the false bearish breakout perfectly as we continue to play the rise towards our profit target. The plan is to remain bullish above the 0.7668 support (long-term ascending support, Fibonacci retracement) for a further push up to the...
Technical analysis
24 Feb 2017, 12:36 UTC+00
The price has bounced off nicely at the 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback...
Technical analysis
24 Feb 2017, 12:32 UTC+00
The price has shot up and reached our profit target perfectly as expected. We now remain bullish above the 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to the 1.2651 resistance (major Fibonacci...
Technical analysis
24 Feb 2017, 12:29 UTC+00
The price shot up and reached our profit target perfectly yesterday. We now turn bearish below the 0.7240 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to the 0.7176 support (Fibonacci...
Technical analysis
24 Feb 2017, 12:28 UTC+00
The price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support), where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance). The RSI...
Fundamental analysis
24 Feb 2017, 12:16 UTC+00
GBP/CAD has been in corrective structure since January. This week GBP had some good positive fundamentals, which did help the price reach the resistance at 1.6486-1.6500. If we see any daily close above the resistance, the bullish bias will...
Technical analysis
24 Feb 2017, 11:58 UTC+00
Potential inverted Head and Shoulder formation in creation. My advice is to watch for potential buying opportunities if the price breaks supply trend line (neckline). The first target is set at the price of 119.47.
Technical analysis
24 Feb 2017, 11:24 UTC+00
Potential re-accumulation according to the 15M time frame. My advice is to watch for potential buying opportunities. The first target is set at the price of 1.2600.
Fundamental analysis
24 Feb 2017, 11:11 UTC+00
GBP/USD broke out of the corrective structure yesterday with a massive impulsive move after the USD was impacted by some US deficit in fundamental reports. Currently, the price is stalling just above the resistance and if it closes above the...
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