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
26 Aug 2016, 13:01 UTC+00
Conservative traders should consider the current bullish pullback towards 1.2970-1.3000 (61.8% Fibonacci level) as a valid SELL entry. S/L should be set as a daily candlestick closure above 1.3000. On the other hand, note that daily fixation...
Technical analysis
26 Aug 2016, 12:50 UTC+00
The price zone of 0.7350 - 0.7400 (upper limit of the depicted channel) should offer a valid SELL entry. Initial T/P levels should be located at 0.7100, 0.7000, and 0.6900. S/L should be set as a daily candlestick closure above...
Technical analysis
26 Aug 2016, 12:31 UTC+00
By the end of June, a significant bearish breakdown below 1.3550 was expressed as seen on the depicted charts. Bearish persistence below the demand level at 1.3550 enhances the bearish scenario towards 1.2700 (the nearest bearish projection...
Technical analysis
26 Aug 2016, 12:29 UTC+00
Recent bearish rejection was expected around the current price levels (note the monthly candlesticks of May and June). In the long term, the level of 0.9450 will remain a projected bearish target if the current monthly candlestick comes to close...
Technical analysis
26 Aug 2016, 10:59 UTC+00
Strong rejection from the resistance level. The EUR/NZD pair is in a downward trend. Watch for selling opportunities on the pullbacks. Key support level is set at the price of 1.5235.
Technical analysis
26 Aug 2016, 10:41 UTC+00
Watch for key cluster to confirm further direction. Rejection is more likely to happen but be prepared for second option also.
Technical analysis
26 Aug 2016, 09:06 UTC+00
USD/JPY is expected to follow an upside movement. The pair is supported by a rising trend line since August 23, and is currently challenging the next resistance at 100.62, representing a key horizontal level.
Technical analysis
26 Aug 2016, 08:59 UTC+00
USD/CHF is expected to trade with a bullish bias above 0.9640. The pair broke above its 50-period moving average and is now challenging the nearest resistance at 0.9687 (Aug 24 & 25 top). The relative strength index stands firmly above its...
Technical analysis
26 Aug 2016, 08:55 UTC+00
NZD/USD is under pressure. The pair is trading below its 50-period moving average and maintains a bearish bias. 0.7345 represents a key resistance and should limit the upside attempts. Furthermore, the relative strength index is below its...
Technical analysis
26 Aug 2016, 07:57 UTC+00
The NZD/USD pair faced resistance at the level of 0.7370, while minor resistance is seen at 0.7324. Support is found at the levels of 0.7243 and 0.7180. Also, it should be noted that a daily pivot point has already set at the level of 0.7280....
Technical analysis
26 Aug 2016, 07:15 UTC+00
The USD/CHF pair continues to move upwards from the zone of 0.9625 and 0.9652. Yesterday, the pair rose from the level of 0.9625 to 0.9697 which coincides with a ratio of 38.2% Fibonacci and 61.8% respectively on the daily chart. Today, resistance...
Technical analysis
26 Aug 2016, 05:39 UTC+00
Everyone is waiting for FED Chair Janet Yellen to speak today at Jackson Hole. The FED's strategy regarding interest rates will be the focus on any possible hint regarding a rate increase in September. The Dollar is expected to stay calm and trade...
Fundamental analysis
26 Aug 2016, 05:32 UTC+00
The fresh IFO Business Climate data from Germany had been released yesterday morning and investors can clearly see that the sentiment among German businesses was wakening the last month.
Technical analysis
26 Aug 2016, 05:30 UTC+00
Gold price is testing the $1,310 support and is in a short-term downtrend. Price is expected to continue lower towards $1,280 but first we could see a bounce towards $1,330-35 where a shorting opportunity will arise.
Fundamental analysis
26 Aug 2016, 05:18 UTC+00
The Durable Goods Orders data surprised market participants yesterday as they printed better than expected figures.
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