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
27 Jun 2016, 11:46 UTC+00
Recent signs of bullish recovery were manifested around the price level of 1.2650 on June 9. The current bullish pullback towards the price level of 1.3000-1.3070 (61.8% Fibonacci level) should be considered for another SELL entry. S/L should be...
Technical analysis
27 Jun 2016, 11:39 UTC+00
As long as the NZD/USD pair kept trading above 0.6860, further bullish advancement was expected towards the price zone around 0.7200 (the upper limit of the depicted channel). Price action should be watched around the price zone of 0.7150 -...
Technical analysis
27 Jun 2016, 11:26 UTC+00
Currently, the price zone between 1.3845 and 1.3550 (Historical bottoms in January 2009) constituted a significant demand zone to be watched for bullish recovery. However, temporary bearish breakdown below 1.3550 is currently being executed. Note...
Technical analysis
27 Jun 2016, 11:14 UTC+00
The recent bullish pullback towards the zone of 1.1400 offered a valid SELL entry. All T/P levels were successfully reached. Note that the long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. However, the...
Technical analysis
27 Jun 2016, 09:14 UTC+00
The GBP/USD pair continues to move downwards from the level of 1.3419. Yesterday, the pair opened at the level of 1.3434 to the bottom around 1.3202. Today, the first resistance level is seen at 1.3282 followed by 1.3434, while daily support 1 is...
Technical analysis
27 Jun 2016, 09:08 UTC+00
Downward trend on the market. Anyway, I found a symmetrical triangle according to the 30M time frame. Watch for the potential downward breakout in a high volume to confirm further downward continuation.
Technical analysis
27 Jun 2016, 09:00 UTC+00
The EUR/USD pair has dropped sharply from the level of 1.1427 towards 1.0911. Now, the price is set at 1.1007 to act as a daily pivot point. It should be noted that volatility is very high for that the EUR/USD pair is still moving between 1.1025...
Technical analysis
27 Jun 2016, 08:36 UTC+00
Strong upward pressure on the market. I found a broken falling wedge in the background, which is a sign that the bullish momentum may continue. Watch for buying opportunities on the dips.
Fundamental analysis
27 Jun 2016, 05:52 UTC+00
Last Friday, the US Durable and Core Durable Goods Orders data were released, and both of them failed to meet market expectations.
Fundamental analysis
27 Jun 2016, 05:41 UTC+00
In his first public speech after Brexit, UK finance minister George Osbourne said this morning, that the UK is ready to confront the future. Moreover, he admitted, that UK growth has been robust and the economy has to adjust to the current...
Wave analysis
27 Jun 2016, 05:26 UTC+00
The market is trying to complete the wave (Z) of the overall corrective structure in wave B before the uptrend will eventually resume. The most important level for bulls is the technical resistance at the level of 115.48 as any breakout above this...
Wave analysis
27 Jun 2016, 05:16 UTC+00
The impulsive wave to the upside is developing as anticipated before with the top of wave iii at the level of 1.3097. Currently, the market is in a corrective cycle with wave iv/a already completed. Nevertheless, this internal correction might...
Technical analysis
27 Jun 2016, 05:03 UTC+00
This week has started with a gap up as the Dollar is opening the week with a bullish note. We could see a pullback today or even tomorrow in order to fill the gap but the overall trend remains bullish.
Technical analysis
27 Jun 2016, 04:58 UTC+00
Gold is still consolidating in a sideways movement as we expected after the big upward spike following the result of the UK referendum. The price is expected to continue higher towards $1,400. The medium-term trend remains bullish as long as the...
Wave analysis
27 Jun 2016, 04:28 UTC+00
Wave (ii) has turned into an expanded flat correction. We have waves a and b in place and are looking for wave c higher to 1.5935 and maybe even closer to 1.6005 before wave (iii) lower towards 1.4490 takes over. When a second wave turns into an...
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