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
23 May 2016, 14:19 UTC+00
The USD/JPY pair continues its attempts to surpass the EMA50 that forms a strong resistance at 110.20. The price needs to breach this level to confirm the extension of the current bullish wave to 113.97.
Technical analysis
23 May 2016, 14:16 UTC+00
The EUR/JPY price did not provide any signals until the recent repeated confinement between 123.00 levels as an initial support and the stability of 124.60.
Technical analysis
23 May 2016, 14:12 UTC+00
The gold price has not shown any strong moves since morning, still steadily fluctuating within a tight track above the $1,243.17 level.
Technical analysis
23 May 2016, 14:09 UTC+00
The silver price continues fluctuating steadily within a sideways track above 16.37 and 16.20 levels.
Technical analysis
23 May 2016, 11:09 UTC+00
EUR/JPY could still be trading down without being able to produce new highs.
Technical analysis
23 May 2016, 11:07 UTC+00
EUR/NZD broke below the support and 200MA, signalling a potential downtrend continuation.
Technical analysis
23 May 2016, 10:58 UTC+00
The current bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, lack of significant bearish rejection was manifested during last week's consolidations. Bullish persistence...
Technical analysis
23 May 2016, 10:49 UTC+00
Recently on May 6, a daily candlestick closure below the 0.6850 level enhanced a quick bearish movement towards 0.6760 where bullish rejection was expected to be applied. That is why, bullish persistence above 0.6760 and 0.6850 is mandatory to...
Technical analysis
23 May 2016, 10:02 UTC+00
Strength came in at the price of 1.6470. Be careful when selling EUR/NZD at this stage and watch for buying opportunities on the dips.
Technical analysis
23 May 2016, 09:48 UTC+00
There is a massive volume spike (selling climax) according to the M1 time frame. Be careful when selling and watch for potential buying opportunities. The take profit level is set at the price of $1,251.00.
Technical analysis
23 May 2016, 08:42 UTC+00
The GBP/USD pair broke support which turned to strong resistance at the level of 1.4500. The level of 1.4500 is expected to act as major resistance today. From this point, we expect the GBP/USD pair to continue moving in a bearish trend from the...
Technical analysis
23 May 2016, 08:15 UTC+00
The EUR/USD pair is trading around the area of 1.1200. Today, the level of 1.1200 represents a daily pivot point in the H1 time frame. The pair has already formed minor resistance at 1.1250 and the strong resistance is seen at the levels of 1.1320...
Fundamental analysis
23 May 2016, 07:58 UTC+00
Crude Oil Inventories data from last week showed an unexpected increase in stockpiles to 1,310K barrels (-3,500k expected and -3,410k prior). Currently, commodity market participants are preparing for the next OPEC meeting on June 2, where the...
Fundamental analysis
23 May 2016, 07:43 UTC+00
A series of PMI Manufacturing data has been released this morning and it looks like the eurozone recovery might pick up some steam at last. Among all major European countries only the French Manufacturing PMI was below the expectations (48.3 vs....
Wave analysis
23 May 2016, 06:57 UTC+00
The anticipated wave iv corrective cycle is currently unfolding just above the weekly pivot at the level of 1.3056. One more higher high is still being anticipated as well, because wave v is still not completed. The projected target for wave v is...
123>Last ›