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.
27 Nov 2015, 20:41 UTC+00
Bullish fixation above the price zone of 1.5200-1.5250 allowed a bullish movement towards 1.5330 where the upper limit of the depicted channel put the GBP/USD pair under significant bearish pressure. This week, bearish persistence below 1.5030 (important key level) is needed to allow bearish decline towards 1.4950 (previous weekly bottom). On the other hand, a stronger support level is located at 1.4850 (the lower limit of the depicted movement channel). This is where a low-risk buy entry can be offered to conservative traders.
27 Nov 2015, 20:10 UTC+00
Another bullish visit to the level of 1.3270 (FE 100%) was initiated on November 4. A bullish breakout above 1.3300 was performed again on November 13. Since then, the USD/CAD pair has been moving sideways (ranging between 1.3300 and 1.3430). Daily persistence above 1.3300 exposes the next resistance level at 1.3450 (Fibonacci Expansion 141.0%) where a valid sell entry can be offered.
27 Nov 2015, 19:58 UTC+00
Risky traders were advised to sell the GBP/USD pair anywhere around 1.5350. S/L can be lowered to 1.5150 to secure our profits. For conservative traders, a low-risk buy entry will probably be offered around the weekly demand levels of 1.5000-1.4950. S/L should be placed below 1.4920. Initial T/P levels should be located at 1.5170 and 1.5300.
27 Nov 2015, 19:52 UTC+00
This week, EUR/USD pair persistence below the level of 1.0700 (key level) ensures enough bearish momentum towards 1.0650 and 1.0550 (prominent monthly low) where price actions should be watched. A daily breakdown of the monthly demand level (1.0550) is needed to expose next bearish target levels at 1.0460 then 1.0300.
Hossam Soliman Ali
27 Nov 2015, 18:28 UTC+00
The silver price goes gradually to the downside approaching the 13.96 level. o keep the bearish trend scenario valid for today, waiting to break the mentioned level to open the way to head towards 13.50 followed by 13.00.
Hossam Soliman Ali
27 Nov 2015, 18:25 UTC+00
A breakout at the support of 185/98 argues that the consolidation pattern from 180.36 was completed at 188.79. An intraday bias turned back to the downside in order to test the support zone of 180.36/64.
27 Nov 2015, 18:11 UTC+00
The AUD/USD pair is heading towards the levels of 0.7350 and 0.7450.
27 Nov 2015, 17:53 UTC+00
The US dollar index seems to be testing its recent highs around the level of 100.20
27 Nov 2015, 17:36 UTC+00
The NZD/USD pair is on its way towards the level of 0.6715 with immediate support seen at 0.6500.
27 Nov 2015, 17:20 UTC+00
The EUR/USD bullish divergence may surprise bears and trigger a counter-trend rally. Trading is around 1.0582 right now.
27 Nov 2015, 15:16 UTC+00
Strong resistance at the level of 1.6230 is on the test. Watch for selling opportunities. The trend is downward. Our 22-day trading range was finally broken and successfully re-tested.
27 Nov 2015, 14:39 UTC+00
A strong downward trend is observed in the market. Our support at the level of $1,065.00 is on the test. Watch for a potential breakout of the support to confirm a further downward continuation. The next support level is expected at $1,046.00.
27 Nov 2015, 14:20 UTC+00
The private capital expenditure in Australia sharply decreased in the third quarter, mainly due to renewed weakness in mining investment. As the Australia Bureau of Statistics said, the Private Capex index decreased by 9.2% q/q (seasonally adjusted), posting the sharpest decline in more than 15 years. The market expected a little milder decline of 2.8% q/q in the reported period. Reserve Bank of Australia Governor Glenn Stevens admitted that the slowdown in mining investment is only about half way through its cycle, and he did not expect any immediate recovery in non-mining investment ahead for Australia.
27 Nov 2015, 14:00 UTC+00
The release of the UK GDP in the third quarter first reading is scheduled for 10:30 am GMT today. Economists expect the indicator to remain unchanged at 0.5% (2.3% y/y). Due to the slow economic growth in the eurozone, which is one of the UK strategic trading partner, the economy might face a strong headwinds. Maybe this is why recent remarks from Marc Carney were so different compared to the earlier statements regarding the rate hike at the turn of the year. Moreover, the euro is depressed as the ECB is ready to ease its monetary policy further at the December meeting. This explains why the Bank of England is in no rush to raise interest rates anymore.
27 Nov 2015, 13:33 UTC+00
After the Thanksgiving day in the US, the financial markets are open again. This is why the situation did not change much since yesterday. The golden trend line is still providing a dynamic resistance as the market is struggling for breaking above it. The key level of 1.3333 has not been broken yet as well, but there is still one more wave to the upside missed to complete the main count.