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.
26 Apr 2017, 05:07 UTC+00
The Dollar index made a new low yesterday but still remains inside the important long-term support area. I expect a strong bounce from current levels.
26 Apr 2017, 04:59 UTC+00
Gold price is trading around important Fibonacci support area of $1,265. Gold price is expected to at least make a bounce towards $1,275-80 where important short-term resistance is found. Gold could very well have finished the entire corrective...
Technical analysis
26 Apr 2017, 04:57 UTC+00
Since the close last Friday, the EUR/JPY pair has gone upwards by 450 pips, following the gap-up that was seen at the beginning of this week. There is now a Bullish Confirmation Pattern in the market, and price could continue going further...
Wave analysis
26 Apr 2017, 04:07 UTC+00
The base-channel resistance line near 1.5765 is now behind us and wave iii should continue to accelerate higher towards the 166.56 target. Upon a break above 1.5834, the next minor resistance on the way higher will be seen at 1.6115. As we are in...
Wave analysis
26 Apr 2017, 03:58 UTC+00
EUR/JPY is already testing the extension target at 121.92 and the rally from 116.42 does not show signs of exhaustion yet. So as long as minor support seen at 121.22 is able to protect the downside, we should look for the possibility of even more...
Technical analysis
26 Apr 2017, 03:00 UTC+00
USD/JPY is expected to prevail its upside movement. The pair recorded a succession of higher tops and higher bottoms since April 25 and is holding on the upside.
Technical analysis
26 Apr 2017, 02:53 UTC+00
USD/CHF is under pressure. Although the pair posted a rebound from 0.9915 (the low of April 25), it is still trading below the declining 50-period moving average.
Technical analysis
26 Apr 2017, 02:49 UTC+00
NZD/USD is expected to prevail the downside movement. The pair is consolidating on the downside. The downward momentum is further reinforced by the declining 50-period moving average.
Technical analysis
26 Apr 2017, 02:47 UTC+00
GBP/JPY is expected to prevail its upside movement. The pair remains above its horizontal support at 0.8480 and is currently testing the support of its 50-period moving average.
Technical analysis
26 Apr 2017, 01:17 UTC+00
When the European market opens, there is no Economic Data will be released, but the US will release the Economic Data, such as Crude Oil Inventories.
Technical analysis
26 Apr 2017, 01:16 UTC+00
In Asia, Japan will release the All Industries Activity m/m data.
Technical analysis
25 Apr 2017, 22:16 UTC+00
A few weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3530. Expected bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains...
Technical analysis
25 Apr 2017, 22:15 UTC+00
Recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now. Note the depicted bullish 1-2-3 pattern with projection target around 0.7250 provided that bullish fixation above...
Technical analysis
25 Apr 2017, 17:39 UTC+00
The index remains under selling pressure as the U.S. President Trump's politics continue to be the main driver for the greenback. Also, the downside is at the mercy of such catalysts, as the recent positive US macro data isn't helping to lift the...
Technical analysis
25 Apr 2017, 17:39 UTC+00
The pair cannot find a clear path for the short-term, as the narrow range between the 1.2875 and 1.2728 levels remain in place across the board. The 200 SMA at H1 chart is still providing dynamic support, around 1.2728.
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