MT5 portal brings to youк attention the daily updated section of forex-analysis. All analytical materials, represented in this section, are prepared by the leading Russian and Western analysts of Forex market. We place qualitative analytical materials, which can undoubtedly provide benefits to every trader.
Mourad El Keddani
2014-10-21 10:12:30 UTC+00 1 hour, 44 min. ago
The USD/CHF pair is going to set strong resistance at the level of 0.9525 and the minor resistance has set at 0.9485. The supports set at levels of 0.9400 and 0.9360 respectively. Also, it should be noted that the weekly pivot point has already set at the price of 0.9440. Equally important, the price is still moving around the key level at 0.9494 today. Moreover, the USD/CHF pair has still been below 50% of Fibonacci retracement levels since October 15, 2014.
2014-10-21 09:48:11 UTC+00 2 hours, 8 min. ago
The golden channel trend line has capped the market at the level of 1.1293, making this level a high for wave (b) blue. Currently the most appropriate labeling would suggest another wave down to complete wave (c) blue of the overall cycle. If this assumption is correct, then the price should test the level of 1.1209 and possibly break it.
2014-10-21 09:27:46 UTC+00 2 hours, 29 min. ago
Quiet trading conditions have caught the current market in a range zone between the levels of 136.26 - 137.00, but the more expected breakout of this range seems to be to the upside as the internal sub-cycles have not been completed yet. For the upside cycle, the projected target levels are in the supply zone between the levels of 137.77 - 139.94 and price should be capped around this zone and reverse.
2014-10-21 08:27:46 UTC+00 3 hours, 29 min. ago
We have seen a quick spike lower to 1.5951, which could mark the final bottom of wave iv. However a break above 1.6082 is needed to indicate that this is indeed the case.
2014-10-21 08:17:40 UTC+00 3 hours, 39 min. ago
No real change here. We are still looking for wave b higher to 137.67 before wave c lower to the 130.59 - 131.52 area will be expected
2014-10-21 08:05:13 UTC+00 3 hours, 51 min. ago
The Dollar index continues its downward pullback towards 84 which was our target for this downward correction once 85 was broken. Short-term trend remains bearish although we should not ignore the daily and weekly break out that occurred and changed longer-term trend to bullish. So this downward pull back should be considered a buy opportunity for the longer-term.
2014-10-21 07:58:29 UTC+00 3 hours, 58 min. ago
Gold price continues its short-term upward bounce what I continue to believe is an erratic corrective bounce that will soon reverse lower. My short-term target is $1,260-65 and I my longer-term target is $1,150-$1,050.
2014-10-21 05:59:22 UTC+00 5 hours, 57 min. ago
Technical analysis and trading recommendations for EUR/JPY for October 21, 2014. The EUR/JPY pair is expected to pull back towards 135.20/30 levels before rallying higher.
2014-10-21 05:35:26 UTC+00 6 hours, 21 min. ago
Technical analysis and trading recommendations for GBP/CHF for October 21, 2014. The GBP/CHF pair has rallied from 1.5000 levels as expected earlier. The pair could extend towards at least 1.5320/30 levels.
2014-10-21 05:04:27 UTC+00 6 hours, 52 min. ago
Technical analysis and trading recommendations for Silver for October 21, 2014. Silver could re-test $17.00 levels before rallying further up towards $18.80 and higher.
2014-10-21 05:03:15 UTC+00 6 hours, 53 min. ago
When the European market opens, there is no economic news to be released, but the US will release the economic data: Existing Home Sales, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level
2014-10-21 05:02:20 UTC+00 6 hours, 54 min. ago
In Asia, Japan will release the Existing Home Sales and the US will release some economic data such as Existing Home Sales. So there is a big probability the USD/JPY will move with low to medium volatility during the day. TODAY TECHNICAL LEVELS: Resistance. 3
2014-10-21 04:40:28 UTC+00 7 hours, 16 min. ago
We recommend selling at the market price target at 106.42, 50Dsma.
2014-10-21 04:27:46 UTC+00 7 hours, 29 min. ago
Technical analysis and trading recommendations for Gold for October 21, 2014. Gold looks ready for a potential pullback/retracement towards $1,208.00/10.00.
2014-10-21 03:36:40 UTC+00 8 hours, 20 min. ago
In case, if the pair closes above 1.1298 on a daily basis immediately we can see 75-85 pips on the higher side.