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.
Mohamed Samy
31 Aug 2015, 19:46 UTC+00
A valid sell entry with a low risk/reward ratio was suggested around the levels of 1.5780-1.5800. It is already running in profits now. The nearest support levels to meet the GBP/USD pair are located at 1.5355 (already reached) then 1.5250 (waiting to be achieved). Note that persistence below the zone of 1.5450 (lower limit of the broken consolidation range) and 1.5350 (Recent Weekly Bottom) is essential to push the GBP/USD pair towards lower bearish targets at 1.5350 and 1.5245.
Mohamed Samy
31 Aug 2015, 19:39 UTC+00
Few months ago, when bulls pushed the price further above the 79.6% Fibonacci level, the market looked quite overbought. That is why, the price failed to hold above 1.2650 - 1.2680 (previous highs), resulting in lower highs (within the depicted consolidation zone) enhancing the bearish side of the market. A daily fixation below 1.2300 opened the way towards the levels of 1.2000 and 1.1940 (the depicted weekly uptrend). Bullish support was found around these levels. Successive higher lows were achieved. Bullish pressure was applied against the resistance levels at 1.2450 and 1.2500 (previous tops).
Michael Becker
31 Aug 2015, 19:31 UTC+00
A valid sell entry was suggested for retesting 1.5770 on Monday. The position is already running in profits now. Moreover, the bearish movement towards 1.5330 and 1.5200 should be expected as long as the market keeps trading below the zone of 1.5480-1.5500. On the other hand, bearish rejection should be expected at retesting of the depicted 50% Fibonacci level (around 1.5540) with the same T/P levels projected towards 1.5200.
Hossam Soliman Ali
31 Aug 2015, 19:16 UTC+00
Silver price retested the 14.70 level and bounced bearishly from there, getting negative signals through stochastic and the EMA50, which supports the continuation of the expected bearish trend for the upcoming sessions, which targets begin at 13.50 followed by 12.80.
Michael Becker
31 Aug 2015, 19:14 UTC+00
The market looked overbought as the bulls were pushing above the price level of 1.1500 (Daily Supply Level). That's why, a bearish corrective movement took place towards the price level of 1.1160 shortly after. Conservative traders can have a valid BUY entry anywhere around the price level of 1.1160 (corresponding to the depicted uptrend line as well as 61.8% Fibonacci level). S/L should be placed below 1.1100. T/P levels should be placed at 1.1330 and 1.1440.
Hossam Soliman Ali
31 Aug 2015, 19:13 UTC+00
GBP/JPY stays neutral for the moment. Price actions from 195.86 are viewed as a consolidation pattern and should be supported by the mentioned 182.88 Fibonacci level
Ahsan Aslam
31 Aug 2015, 16:21 UTC+00
USD/JPY is expected to trade with bullish bias. It is supported by a rising trend line. The US stocks moved little last Friday following Thursday's gains. The Dow Jones Industrial Average slipped 0.1%, to 16643, the S&P 500 added 0.1% to 1988, while the Nasdaq Composite rose 0.3% to 4828. Crude oil continued surging and added 6.2% to $45.22 a barrel, while gold futures rose nearly 1% to $1,133 an ounce. The 10-year Treasury yield climbed to 2.188% from 2.168% in the previous session.
Ahsan Aslam
31 Aug 2015, 16:03 UTC+00
USD/CHF is expected to trade in a higher range as bias remains bullish. Technically, the pair stands firmly above its key support level at 0.9550. The intraday trend is bullish as the process of higher highs and lows remains intact on the prices. Even though a consolidation cannot be ruled out at the current stage, its extent should be limited. At last, the intraday RSI is regaining its bullish momentum. To sum up, expect a new upmove above 0.9550 with targets at 0.9675 and 0.9730 in extension.
Ahsan Aslam
31 Aug 2015, 15:59 UTC+00
NZD/USD is expected to trade with a lower range. Currently trading at 0.6405, the pair remains under pressure below its key resistance at 0.6470 and seems more likely to post a further decline. Moreover, the intraday RSI has confirmed a negative outlook as it has failed to break above the neutrality level at 50. The 20- and 50-period intraday MAs are mixed with a bearish bias. Therefore, as long as 0.6470 holds as the key resistance, look for a new pullback to 0.6365 and 0.6310 in extension.
Ahsan Aslam
31 Aug 2015, 15:55 UTC+00
GBP/JPY is expected to trade with a bulish bias above 185.35. The pair stands above its key support at 185.35 and is expected to post a rebound in the sessions to come. The intraday RSI has just landed on the neutrality level of 50 and is turning up, calling for a bounce as well. Further upside is therefore expected with the next horizontal resistance and overlap set on a high of 188.15 previously reached on August 28. A break above this level would call for further advance towards the high of 188.70 in extension. Only a break below the horizontal support at 185.35 would open the way to further weakness.
Mourad El Keddani
31 Aug 2015, 15:34 UTC+00
The EUR/USD pair is still moving between 1.1351 and 1.1000 in the weekly chart. Thus, it should be noted that the weekly pivot point will set at the level of 1.1351. Right now, the current price is moving around the level of 1.1210. Moreover, the weekly point has already formed a psychological level in this area.
Petar Jacimoviс
31 Aug 2015, 15:24 UTC+00
Signs of weakness can be observed in the 1H time frame. Be careful when buying EUR/NZD around 1.7530. Downward channel is in play, the price is testing the upper diagonal (resistance).
Mourad El Keddani
31 Aug 2015, 15:11 UTC+00
According to the previous events, the GBP/USD pair is still trapping between the levels of 1.5515 and 1.5213. The l level of 1.5515 represents the weekly pivot point and the weekly support one is set at 1.5213.
Harsh Japee
31 Aug 2015, 14:41 UTC+00
Technical analysis and trading recommendations for USD/NOK for August 31, 2015. The USD/NOK pair seems to have resumed its last leg rally within the wave 3, towards the 8.8000 levels.
Petar Jacimoviс
31 Aug 2015, 14:24 UTC+00
A sign of weakness from the Friday at the price of $1,140.00 still takes place. Watch for selling opportunities after retracement. First stronger support is seen near the price of $1,117.00
123>Last ›