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
4 May 2016, 11:08 UTC+00
The 1.3300 level stood as a significant resistance as it corresponds to the 50% Fibonacci level and the backside of the broken weekly uptrend where a valid sell entry was suggested on March 24. Since then, the USD/CAD pair has been trapped within...
Technical analysis
4 May 2016, 10:49 UTC+00
In March, an obvious bullish breakout above 0.6750 and 0.6860 was executed. Hence, these price levels now constitute recent support levels to be watched for valid buy entries. Conservative traders were advised to have a BUY entry around the...
Technical analysis
4 May 2016, 10:41 UTC+00
The price zone of 1.4475-1.4670 has been standing as a significant supply zone during the past few weeks. This week, the depicted downtrend line comes to meet the GBP/USD pair around the same price zone. That is why, a bearish rejection should be...
Technical analysis
4 May 2016, 10:38 UTC+00
In February, the depicted price levels around 1.1500-1.1550 acted as a significant supply zone during the previous bullish pullback. Hence, another bearish rejection should be expected around the current price levels. If not, further bullish...
Technical analysis
4 May 2016, 09:48 UTC+00
CHF/JPY is likely to move lower after breaking below massive support.
Technical analysis
4 May 2016, 08:46 UTC+00
The NZD/USD pair continues droping from the level of 0.6914 in the short term. It should be noted that the resistance is established at the level of 0.6914, which represents a daily pivot point on the H1 chart. The price is likely to form a double...
Technical analysis
4 May 2016, 08:26 UTC+00
There is weakness around the price of 1.6690, according to the 15M time frame. Be careful when buying EUR/NZD at this stage and watch for potential selling opportunities. Take profit level is set at the price of 1.6630.
Technical analysis
4 May 2016, 08:24 UTC+00
The USD/CHF pair broke resistance at the level of 0.9524, which acts as support now. Thus, the pair has already formed minor support at 0.9524.The strong support is seen at the level of 0.9443 because it represents the weekly support 1. Equally...
Technical analysis
4 May 2016, 08:05 UTC+00
Strong weakness in the background caused the price to go downward. There is strong selling pressure on the market in a high volume. Watch for potential selling opportunities on the rallies. Take profit level is set at the price of $1,256.50.
Fundamental analysis
4 May 2016, 08:02 UTC+00
All financial markets' participants will be closely watching the ADP non-farm employment figures that will be released today as this is a good proxy of the NFP data that is scheduled for release this Friday. Investors expect another advance in the...
Fundamental analysis
4 May 2016, 07:48 UTC+00
The series of services PMI for the eurozone region was released today and it was the first set of this data-heavy day. The composite services PMI for the eurozone hasn't changed as it still is at the level of 53.0 points, just like a month ago....
Technical analysis
4 May 2016, 07:31 UTC+00
Bears are dominating on GBP/CHF and it should be moving lower to reach the next downside target.
Technical analysis
4 May 2016, 07:29 UTC+00
EUR/USD is trading at the support where an uptrend could be not over yet.
Wave analysis
4 May 2016, 07:08 UTC+00
There is still one more sub-wave missing on the hourly time frame chart. According to the Elliott wave rules it should be the last wave to the downside - wave (c) blue. The intraday resistance at the level of 123.35 held the line, and the market...
Wave analysis
4 May 2016, 06:54 UTC+00
As it had been anticipated, yesterday the market made one more marginal wave down and then strongly rebounded to the upside in impulsive fashion. The impulsive wave almost reached the level of the previous wave XX and then reversed slightly....
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