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 Sep 2016, 10:55 UTC+00
Recently, the price zone between 0.7470-0.7500 corresponded to the upper limit of the depicted movement channel where bearish rejection and a valid SELL entry were expressed by the end of last week. S/L should be placed above 0.7550. T/P levels...
Technical analysis
23 Sep 2016, 10:52 UTC+00
Bearish persistence below the demand level at 1.3550 enhances the bearish scenario towards 1.2700 (the nearest bearish projection target) where price action should be watched for a possible short-term BUY entry. On the other hand, the price zone...
Technical analysis
23 Sep 2016, 10:50 UTC+00
Recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May, June and August). In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes...
Technical analysis
23 Sep 2016, 09:43 UTC+00
Buyers in control on the EUR/NZD. Be careful when selling and watch for buying opportunities. Take profit level is set at the price of 1.5500.
Technical analysis
23 Sep 2016, 09:16 UTC+00
Sideways market at the price of $1,337.50. Be careful when buying Gold at this stage and watch for potential selling opportunities.
Technical analysis
23 Sep 2016, 09:10 UTC+00
Channel trendline is being rejected while RSI showing bullish divergence. Trend up is likely to continue.
Technical analysis
23 Sep 2016, 09:08 UTC+00
EUR/AUD rejecting Fibs resistance, suggesting a continuation of a downtrend.
Fundamental analysis
23 Sep 2016, 07:30 UTC+00
The US September Manufacturing Purchasing Manager Index is scheduled for release at 01:45 GMT and the index is expected to have declined a bit to 51.9 from 52 in August as the reading in July was 52.9, which was an eight-month high.
Technical analysis
23 Sep 2016, 07:29 UTC+00
The NZD/USD pair faces resistance at 0.7283, while strong resistance is seen at 0.7370. Support is found at 0.7218 and 0.7155 levels. Today, the NZD/USD pair continues to move downwards from 0.7283 level. The pair could fall from 0.7283 level to...
Fundamental analysis
23 Sep 2016, 07:18 UTC+00
The Vice-President of the European Central Bank, Vitor Constancio, said today at conference session entitled "Low interest rates and the implications for financial stability" at 06:45 GMT in Frankfurt, that a FED interest rate hike in December...
Technical analysis
23 Sep 2016, 07:11 UTC+00
The USD/CHF pair dropped from the level of 0.9733 to the bottom around 0.6581. But the pair has rebounded from the bottom of 0.9660 to close at 0.9703. Today, the first support level is seen at 0.9688, and the price is moving in a bearish channel...
Wave analysis
23 Sep 2016, 06:54 UTC+00
The market has completed the wave iii of the overall impulsive structure and now the counter-trend corrective move in wave iv is in progress. Nevertheless, it does not look like the downward wave progression is now completed as there are still...
Wave analysis
23 Sep 2016, 06:49 UTC+00
The market has made the bottom of the wave (b) at the level of 112.06 and now the wave (c) is in progress. The recent break out above the intraday resistance at the level of 112.53 (now support) means the bulls have regained their strength....
Technical analysis
23 Sep 2016, 05:04 UTC+00
The Dollar index bounced yesterday but could not retake the 95.70 level. Price tried to bounce but got rejected once again. Short-term trend is bearish but medium-term trend remains neutral as price is still trapped between 94.60 and 96.60.
Technical analysis
23 Sep 2016, 04:54 UTC+00
Gold price could have finished the upside move from $1,308 and could start a correction towards $1,320. Price remains still inside the long-term sideways trading range of $1,300-$1,360 and as long as we are inside this range there will be no clear...
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