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.
2015-01-30 16:56:56 UTC+00 1 day, 21 hour, 33 min. ago
As it was suggested in the previous articles, conservative traders should be waiting for a bullish pullback looking for better prices to SELL the pair off (R1 at 1.1550 and R2 at 1.1700). The price zone of 1.1540-1.1600 is a recently established SUPPLY zone. Short-term SELL positions can be taken there. Stop loss should be placed slightly above the price level of 1.1680. On the other hand, persistence below 1.1385-1.1400 (previous daily HIGHs) exposes the recent lows around 1.1110 for retesting.
2015-01-30 16:51:07 UTC+00 1 day, 21 hour, 39 min. ago
On January 8, the GBP/USD pair showed initial bullish recovery off the price level of 1.5050. Since then the pair has been trapped within a consolidation zone ranging between 1.4960 and 1.5230. Daily closure below 1.4960 renders the current movement as a bearish FLAG pattern similar to what happened back in December 2014. Projection targets would be located around 1.4750.
2015-01-30 16:33:05 UTC+00 1 day, 21 hour, 57 min. ago
The H4 chart shows transition into a sideway movement with mild bearish tendency, maintained within the depicted sideway channel. The key-support level for today is the price level of 1.5030 (yesterday's low). Breakout below 1.5025 exposes the lower limit of the current ranging movement located around 1.4920 where bullish recovery should be anticipated.
2015-01-30 16:19:35 UTC+00 1 day, 22 hours, 10 min. ago
Wednesday's bullish engulfing daily candlestick invalidated the preceding Hanging-Man candlestick. Moreover, the USD/CAD bulls defended the recent INTRADAY SUPPORT around 1.2300. Hence, a new bullish swing is being established without further retesting of 1.1950. The nearest resistance levels to meet the USD/CAD pair are located around 1.2820, then 1.2930 where the previous WEEKLY highs were established back in 2009.
2015-01-30 14:19:49 UTC+00 2 days, 10 min. ago
Technical analysis and trading recommendations for EUR/JPY for January 30, 2015. The EUR/JPY pair seems to be correcting lower for now. A break below 132.36 could test the levels of 132.00 easily.
2015-01-30 13:50:20 UTC+00 2 days, 40 min. ago
Technical analysis and trading recommendations for January 30, 2015. The GBP/CHF pair is trading in a 100-pip range between 1.3870/80 to 1.3970/80. The upside potential remains at 1.4100 levels.
2015-01-30 13:40:36 UTC+00 2 days, 49 min. ago
Supply is in an ultra high volume (selling climax) in the background. I have placed Fibonacci retracement to find potential support levels and got Fibonacci retracement 61.8% at the price of 1,254.00 (currently on the test). Be careful when selling gold and watch for potential buying opportunities.
2015-01-30 13:40:26 UTC+00 2 days, 49 min. ago
Demand is on the market. We can observe good rejection from our monthly support level which is a sign that mid-long term selling looks risky. My advice is to watch for potential buying opportunities after retracement. I have placed Fibonacci retracement to find potential resistance levels and got Fibonaci retracement 61.8% at the price of 1.5800.
2015-01-30 13:18:38 UTC+00 2 days, 1 hour, 11 min. ago
Technical analysis and trading recommendations for Silver for January 30, 2015. Silver drops to $16.60/70 levels as it was expected. This is Fibonacci support zone.
2015-01-30 12:49:52 UTC+00 2 days, 1 hour, 40 min. ago
Technical analysis and trading recommendations for Gold for January 30, 2015. Gold drops to the levels of $1,251.00/50.00, as discussed and expected yesterday. Long positions can be initiated now.
2015-01-30 12:37:06 UTC+00 2 days, 1 hour, 53 min. ago
The wave progression inside of the sub-wave (b) blue has a corrective shape and the market is trading inside the intraday range zone between the levels of 132.48 - 134.21. The intraday resistance has been tested twice already and now it will act as a strong resistance level, so any potential breakout above the level will be severe. Please notice that there is missing wave (c) blue to the upside, so now if the level of 134.21 is violated, the wave (c) blue should be impassive rally towards the level of 137.63.
2015-01-30 12:26:54 UTC+00 2 days, 2 hours, 3 min. ago
As it was anticipated yesterday, the wave progression to the upside continues, and the price is about to hit the projected target area at the level of 1.2698. Moreover, there is still a possibility that the upward wave progression will get extended and the next projected target zone in the shape of an orange rectangle between the levels of 1.2769 - 1.2790 might get hit. Please, notice the momentum is still diverging from the price and the correction to the downside is imminent.
Mourad El Keddani
2015-01-30 10:45:22 UTC+00 2 days, 3 hours, 44 min. ago
The NZD/USD pair is still moving between 0.7324 and 0.7214. The strong resistance level will be formed at the level of 0.7324 (this level coincides with the ratio of 11.8% Fibonacci retracement levels in the weekly time frame) providing a clear signal for sell deals with the targets seen at 0.7214 and then at 0.7121 in order to test the double bottom on the same chart. The stop-loss is to be placed above the resistance at the level of 0.7362. On the other hand, the strong support level will be formed at the level of 0.7121 (this level coincides with the ratio of 00% Fibonacci retracement levels) providing a clear signal for buy deals with the target seen at the 0.7200 and 0.7283.
Mourad El Keddani
2015-01-30 10:34:07 UTC+00 2 days, 3 hours, 56 min. ago
The price of EUR/USD is going to move between the levels of 1.1240 and 1.3360. It should be notee that the market is calling for a sideways trend. And the strong support has been already placed at the level of 1.1235 (23.6% Fibonacci retracement levels). So, buy above the level of 1.1235 which represents a minor support on the H1 chart with the first target at 1.3320. Then, the trend will be able to continue toward the level of 1.3360 in order to test the resistance . Also, it should be noticed that the weekly resistance 1 coincides with the price of 1.2389. Nevertheless, the stop loss should be set at 1.1208.
2015-01-30 10:33:03 UTC+00 2 days, 3 hours, 57 min. ago
The Dollar index remains in a strong uptrend. Breakig above the recent high at 95.50 will be a signal to move higher towards 100. The short-term trend is bullish as long as the price is above 92.50.