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.
29 Jul 2015, 20:50 UTC+00
Amid the reports, EUR/USD will move with medium to high volatility during this day.
29 Jul 2015, 20:50 UTC+00
There is a strong probability that USD/JPY will move with medium to high volatility during the day.
29 Jul 2015, 19:51 UTC+00
The long-term bullish projection target would be located at the level of 1.3080 if enough bullish support is maintained. Conservative traders can wait for a bullish pullback towards the price zone of 1.2800-1.2750 for a valid BUY entry with a low risk/reward ratio (Breakout level = Recent Support). Stop Loss should be located below the price level of 1.2700. T/P levels should be located at 1.2850 and 1.2900 initially.
29 Jul 2015, 19:41 UTC+00
The price level of 1.5550 now constitutes a significant key level to be watched for a price action. A quick bearish decline towards 1.5470 and 1.5370 should be expected if 1.5550 gets broken again. On the other hand, the price level of 1.5770 (61.8% Fibonacci level) is the next supply level to be watched if bullish fixation above 1.5550 persists on a daily basis.
29 Jul 2015, 19:30 UTC+00
Earlier, the price level of 1.1100, where the backside of the broken uptrend is located, was being approached. The price level of 1.1000 has already been breached earlier this week. A bearish pullback is currently taking place towards 1.1000 after yesterday's daily candlestick was expressed (Hanging-Man candlestick).
29 Jul 2015, 18:47 UTC+00
USD/JPY is expected to trade with bullish bias. Currently at 96.592, the US dollar index is firmly holding after rebounding from a 2-week low of 96.288 seen on Monday as traders are watching closely if the US Federal Reserve gives any hints on the interest rate direction at the FOMC to be concluded at early hours of the Asian session on Thursday. Having rebounded from the level just below 123.00 seen on Monday, USD/JPY maintains its bullish bias trading above both the 20- and 50-period intraday moving averages. The intraday RSI is mixed around the neutral level of 50 lacking downward momentum. As long as 123.30 holds as the key support, the first upside target is set at 123.95 (around the high of July 27); and the second target, at 124.35 (seen on July 23).
29 Jul 2015, 18:45 UTC+00
Gold remains unchanged from yesterday and is seen to be trading around $1,090.00/93.00.
29 Jul 2015, 18:42 UTC+00
USD/CHF is expected to trade with bullish bias. The pair is consolidating below its 20-period and 50-period intraday MAs. The intraday RSI is below its neutral area at 50%. Nevertheless, a support base has formed around 0.9585, which should limit the downside potential. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. As long as the key support at 0.9585 is not broken, look for a technical rebound to 0.9635 and even 0.9675 in extension.
29 Jul 2015, 18:37 UTC+00
NZD/USD is expected to trade in a higher range. The pair is trading above its rising 20-period and 50-period intraday MAs. A support base has formed around 0.6650, which should limit any downside potential. In addition, the bias remains bullish. As long as 0.6650 holds as the key support, look for an opportunity to move further upside to 0.6740 first. A break above this level would call for further advance to 0.6770. Alternatively, a break below 0.6650 would turn the intraday outlook to negative and call for a drop to 0.6625 and even 0.6595 in extension.
29 Jul 2015, 18:37 UTC+00
Silver is testing the 50-day moving average around the level of $14.70 on the H4 chart.
29 Jul 2015, 18:34 UTC+00
GBP/JPY is expected to trade in an upper range. The pair stays above its key support at 192.90 and is moving sideways. Further upside is therefore expected with the next horizontal resistances and overlaps set at 194.30 (a high hit on July 17) and then at 194.70. Only a break below the key support at 192.90 would open the way to further weakness towards a bottom at 1945 at first. The second alternative target is set at 191.44 (a low hit on July 27).
29 Jul 2015, 18:29 UTC+00
The EUR/JPY price remainы sideways being framed between 136.20 and 137.00.
29 Jul 2015, 18:20 UTC+00
The GBP/CHF pair might be getting ready for a push through 1.5200 and above it in coming sessions.
29 Jul 2015, 15:35 UTC+00
Very low volatily is observed on the market. Gold is trading sideways around the level of $1,096.00. Selling gold looks risky at this stage.
Mourad El Keddani
29 Jul 2015, 15:29 UTC+00
The USD/CAD pair broke the resistance and found support at the same key level (1.2768), so the support has already set at the level of 1.2768 in the H4 chart. Equally important, the trend is bullish and the the price is above the support found on July 16, 2015. We expect a range of between the levels of 1.2768 and 1.3102 this week.