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.
Michael Becker
31 Jul 2015, 17:51 UTC+00
Earlier, the level of 1.1100 where the backside of the broken uptrend is located, was being approached. However, significant bearish rejection was expressed around 1.1100. Currently, a bullish pullback is extending above the level of 1.1000. Further bullish advancement towards the price zone of 1.1100-1.1150 should be expected (backside of the broken uptrend line). The depicted Double-Top pattern remains valid as long as the market keeps defending their recent supply levels around 1.1000 and 1.1100.
Viktor Bajer
31 Jul 2015, 13:41 UTC+00
EUR/USD is rejecting the resistance.
Joseph Wind
31 Jul 2015, 08:48 UTC+00
Intraday selling is available below 1.0890 with a target at 1.0860, selling accelerates below 1.0850.
Arief Makmur
31 Jul 2015, 06:59 UTC+00
Amid the reports, EUR/USD will move low to medium volatility during this day.
Harsh Japee
31 Jul 2015, 06:19 UTC+00
The EUR/USD pair formed a bottom around the level of 1.0892 yesterday.
Harsh Japee
30 Jul 2015, 18:12 UTC+00
The EUR/USD pair is trading around 1.0935 at the moment having retraced from 1.1128.
Michael Becker
30 Jul 2015, 18:07 UTC+00
Evident bullish recovery was expressed last week after hitting the level of 1.0800. Bulls have been trying to bring a bullish corrective movement towards 1.1000 and 1.1100. Earlier, the price level of 1.1100, where the backside of the broken uptrend is located, was being approached. However, significant bearish rejection was expressed around 1.1100. A bearish pullback is currently extending below 1.1000 after the most recent daily candlesticks were expressed (Bearish Engulfing candlestick following a Hanging-Man one).
Mourad El Keddani
30 Jul 2015, 15:33 UTC+00
The EUR/USD pair is still trapped between the levels of 1.1000 and 1.0890. Today, the strong resistance is seen at the key level of 1.1000 in the H1 chart. Moreover, the price is below the moving average (100) since yesterday in the same time frame. Therefore, sell below the level of 1.1000 (the key resistance) with the first target at 1.0930, then it will be continued towards 1.0884 (23.6% Fibonacci retracement levels) to test the weekly pivot point. Please check out the market volatility before investing because the current scenarios could be invalidated.
Viktor Bajer
30 Jul 2015, 14:49 UTC+00
EURUSD at the supply area
Joseph Wind
30 Jul 2015, 07:14 UTC+00
The safe selling trade is available only below 1.0920, aimed at 1.0870 and 1.0850. The selling accelerates only below 1.0850.
Arief Makmur
30 Jul 2015, 06:40 UTC+00
Amid the reports, EUR/USD will move low to medium volatility during this day.
Arief Makmur
29 Jul 2015, 20:50 UTC+00
Amid the reports, EUR/USD will move with medium to high volatility during this day.
Michael Becker
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).
Joseph Wind
29 Jul 2015, 07:58 UTC+00
The pair rejected at 50Dsma twice, but manage to close above 20Dsma. In the H1 chart, the pair has been reaching higher highs and higher lows.
Michael Becker
28 Jul 2015, 19:28 UTC+00
As anticipated, a bearish daily closure below 1.0950 enabled a quick bearish decline towards 1.0850 and 1.0750. Evident bullish recovery was expressed last week after hitting the level of 1.0800. Bulls have been trying to bring a bullish corrective movement towards 1.1000. Yesterday, the 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.
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