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
29 May 2016, 16:20 UTC+00
It can be seen on the H1 chart that the US dollar index is strongly trading into a bullish bias above the 200 SMA, and the resistance lies at 95.68. If USDX manages to break it, further advance toward the 96.03 level can be seen
Technical analysis
29 May 2016, 16:20 UTC+00
GBP/USD continues to perform corrective moves confirming the overall bullish bias which was pushed by the recent Brexit uncertainty increased amid the polls results. From a technical pont of view, cable can rebound above the 200 SMA
Technical analysis
27 May 2016, 13:14 UTC+00
The EUR/JPY price failed to surpass the initial resistance at 123.15. It was forced to form bearish waves to settle at 122.60 as you can see at the image below.
Technical analysis
27 May 2016, 13:12 UTC+00
The price continues forming strong obstacle against the USD/JPY pair's positive attempts, which forces the price to fluctuate within a sideways track and show some slight negative trading.
Technical analysis
27 May 2016, 13:08 UTC+00
The gold price has been trading sideways in a tight range since morning settled at $1,220.00 as long as the price is below $1,243.17. So our bearish trend expectations will remain valid and active for the rest of the day.
Technical analysis
27 May 2016, 13:06 UTC+00
The silver price managed to end yesterday's trading below the bullish channel's support shown on the chart after the EMA50 formed a solid resistance barrier. It stopped recent positive price attempts.
Fundamental analysis
27 May 2016, 08:55 UTC+00
The AUD/JPY downtrend might be just about to continue. The pair is trading at the resistance level.
Technical analysis
27 May 2016, 08:54 UTC+00
EUR/JPY broke below the support while resistance was rejected. Downtrend continuation can be expected.
Technical analysis
27 May 2016, 08:53 UTC+00
The EUR/JPY cross has moved sideways so far this week, and thus, hope for a serious breakout today is very weak. However, there may be a strong breakout next week, which would push the price below the demand zone at 122.00 or above the supply zone...
Technical analysis
27 May 2016, 08:28 UTC+00
There is a sideways movement between the price of 1.6550 and the price of 1.6630. Watch for successful breakout of trading range to confirm further direction.
Technical analysis
27 May 2016, 08:08 UTC+00
Recently on May 6, a daily candlestick closure below the 0.6850 level enhanced a quick bearish movement towards 0.6760 where bullish rejection was expected to be applied. That is why, bullish persistence above 0.6760 and 0.6850 is mandatory to...
Technical analysis
27 May 2016, 08:03 UTC+00
The recent bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during last week's consolidations. Temporary bullish...
Technical analysis
27 May 2016, 07:56 UTC+00
There is a downward trend on the market. The price successfully tested the 50 SMA and I found up-thrust bars in a high volume. Watch for selling opportunities on the pullbacks. Take profit level is set at the price of $1,211.60.
Technical analysis
27 May 2016, 07:55 UTC+00
The price zone of 1.4670-1.4700 corresponds to the 61.8% Fibonacci level and the depicted downtrend line. Hence, significant bearish rejection and a valid SELL entry can be offered around these price levels. Daily persistence below 1.4470 is...
Technical analysis
27 May 2016, 07:52 UTC+00
Daily persistence below the 1.1400 level was needed to ensure enough bearish momentum towards the 1.1200 level. As long as the EUR/USD pair keeps trading below 1.1400 and 1.1180 (recently-broken demand level), a quick bearish decline towards...
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