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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
24 May 2017, 12:44 UTC+00
Price has continued its rise and is now testing strong resistance at 83.69 (Fibonacci extension, horizontal overlap resistance) and we expect to see a drop from here towards 82.96 support (Fibonacci retracement, horizontal overlap support). We...
Technical analysis
24 May 2017, 12:43 UTC+00
Price has finally risen to our selling area. We turn bearish looking to sell below major resistance at 112.08 (Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) for a drop towards 110.50 support (Fibonacci extension,...
Technical analysis
24 May 2017, 10:33 UTC+00
USD/JPY is expected to trade in a higher range. The pair accelerated on the upside after breaking above the bearish trend line since May 19.
Technical analysis
24 May 2017, 10:29 UTC+00
USD/CHF is expected to trade with a bullish outlook. The pair broke above the declining trend line since May 19, which confirmed a bullish outlook.
Technical analysis
24 May 2017, 10:27 UTC+00
NZD/USD is expected to trade in a higher range as the bias remains bullish. Despite the pair retreating from 0.7050 (the high of May 23).
Technical analysis
24 May 2017, 10:23 UTC+00
GBP/JPY is expected to move upward. The technical picture of the pair remains positive above a bullish trend line, which emerged on May 19.
24 May 2017, 10:17 UTC+00
The EUR/USD bullish story continued until yesterday with the 3rd wave extension hitting into 1.1263 levels before reversing lower. The pair has broken its immediate support trend line on the hourly chart and is on the verge of breaking its first...
Technical analysis
24 May 2017, 10:12 UTC+00
The USD/JPY has moved sideways so far this week, in the context of a downtrend. A breakout is imminent, which would most probably be in favor of bulls. Since the existing downtrend is expected to be threatened, the price may go towards the supply...
Fundamental analysis
24 May 2017, 09:04 UTC+00
The Moody's rating agency downgraded China to A1 from AA3.
Technical analysis
24 May 2017, 08:56 UTC+00
Fake breakout of the yesterday's low and hidden bullish divergence on the oscillator. Watch for potential buying opportunities today. The first upward target is set at the price of 1.1220.
Technical analysis
24 May 2017, 08:46 UTC+00
A fake breakout of the yesterday's low and hidden bullish divergence is observed in the background. My advice is to watch for potential buying opportunities. The first target is set at the price of $1,255.50.
Technical analysis
24 May 2017, 07:48 UTC+00
A few weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3580. As long as the USD/CAD pair maintains bullish trading above 1.3525-1.3580 (confluence of prominent tops), the market...
Technical analysis
24 May 2017, 07:46 UTC+00
The depicted bullish 1-2-3 pattern remains valid as long as bullish fixation above 0.6900-0.6850 is maintained on a daily basis. Any daily candlestick closure below 0.6850 invalidates the bullish scenario for the current time clearing the way...
Fundamental analysis
24 May 2017, 05:36 UTC+00
The Gfk Consumer Climate index from Germany has hit its highest level since 2001.
Sebastian Seliga
24 May 2017, 05:01 UTC+00
On Wednesday 23rd of May, the event calendar will be bust mostly during the US trading session, so market participants will pay attention to the Bank of Canada's interest rate decision and statement, Existing Home Sales Data, Crude Oil Inventories...
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