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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
23 May 2017, 13:25 UTC+00
EUR/JPY is approaching the major resistance at 125.55 (Fibonacci extension, Elliott wave theory, swing high resistance, bearish divergence) and we expect the price to reverse from that level to at least 124.72 support (Fibonacci retracement,...
Technical analysis
23 May 2017, 13:25 UTC+00
The price has reached our buying level perfectly. We remain bullish, looking to buy above 1.3503 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.3641 resistance (Fibonacci...
Fundamental analysis
23 May 2017, 12:51 UTC+00
The corrective volatile structure in GBP/USD continues due to mixed economic reports from the UK and the US. Currently a good amount of bullish rejection is observed and further decline towards 1.2750-1.2800 is expected before the price shoots...
Technical analysis
23 May 2017, 09:30 UTC+00
Fake breakout of yesterday's high in the background. My advice is to watch for potential selling opportunities today. The downward target is set at the price of $1,252.00.
Technical analysis
23 May 2017, 09:20 UTC+00
Fake breakout of yesterday's high. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 1.1221.
Fundamental analysis
23 May 2017, 06:39 UTC+00
The Flash PMI data from across the Eurozone have surprised market participants.
Fundamental analysis
23 May 2017, 06:25 UTC+00
Interesting data from the US house market are scheduled for release at 12:30 pm GMT today.
Sebastian Seliga
23 May 2017, 06:10 UTC+00
On Tuesday 23rd of May, the event calendar is quite busy with important economic releases, so market participants will pay attention to Flash Services, Manufacturing and Composite date from across the Eurozone, Ifo Business Climate data from...
23 May 2017, 05:21 UTC+00
The Dollar index remains in a bearish channel. Trend remains bearish. I favor a dollar bounce this week from current levels but we still have no confirmation of a reversal.
23 May 2017, 05:15 UTC+00
Gold price remains just below the important resistance of $1,265 where the 61.8% Fibonacci retracement is found. Trend remains bullish but a pullback towards $1,250 is justified in the short term. As long as price is above $1,213, I expect Gold to...
Wave analysis
23 May 2017, 03:28 UTC+00
The failure to accelerate higher and the break below minor support seen at 1.5987 indicates that a slightly deeper correction towards 1.5836 should be expected before the next impulsive rally higher towards 1.6655. Short term, minor resistance is...
Wave analysis
23 May 2017, 03:21 UTC+00
EUR/JPY broke above resistance seen at 124.94 indicating the rally of the 122.53 low was impulsive (in 5 waves). This means that wave B completed with the test of 122.53 and wave C towards 138.50 now is developing. The impulsive rally from 122.53...
Technical analysis
23 May 2017, 00:55 UTC+00
When the European market opens, a batch of economic reports will be released such as ECB Financial Stability Review, Flash Services PMI, Flash Manufacturing PMI, German Ifo Business Climate, German Flash Services PMI, German Flash Manufacturing...
Technical analysis
23 May 2017, 00:53 UTC+00
In Asia, Japan will release the All Industries Activity m/m. The US will also release some economic data such as Richmond Manufacturing Index, New Home Sales, Flash Services PMI, and Flash Manufacturing PMI.
Technical analysis
23 May 2017, 00:43 UTC+00
The USD/CHF pair trended lower on Monday in continuation of the bearish trend that is in place. There is a Bearish Confirmation Pattern in the market, and a further decline in price is anticipated as price goes towards the support levels at...
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