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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.
Michael Becker
11 Feb 2016, 13:03 UTC+00
On February 3, a bullish breakout was executed above this consolidation range. Hence, a quick bullish movement took place towards the zone of 1.1350-1.1450 where previous daily bottoms and the backside of the broken uptrend are depicted on the daily chart. Trading Recommendations: Risky traders should consider any signs of bearish rejection near the zone of 1.1350-1.1400 to be a sell signal for a counter-trend position. On the other hand, a low-risky buy entry can be offered around the recently-broken consolidation range near 1.1000 if a bearish pullback occurs soon.
Arief Makmur
11 Feb 2016, 01:45 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Michael Becker
10 Feb 2016, 13:00 UTC+00
Risky traders should consider any signs of bearish rejection around 1.1220-1.1320 to be a sell signal for a counter-trend position. Conservative traders should wait for an obvious bearish closure below 1.1200 as a valid sell signal. Initial T/P level should be located at 1.1100. On the other hand, a low-risky buy entry can be offered if a bearish pullback occurs towards the recently-broken consolidation range near 1.1000 to buy the EUR/USD pair.
Arief Makmur
10 Feb 2016, 00:58 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Michael Becker
9 Feb 2016, 11:41 UTC+00
A bearish breakout has been executed above a consolidation range extending between 1.1000 and 1.0800. Hence, a quick bullish movement took place towards 1.1200 where previous daily bottoms are depicted in the daily chart. Risky traders should consider signs of a bearish rejection around 1.1200 a sell signal for a counter-trend position. On the other hand, a low risky buy entry can be offered if a bearish pullback occurs towards the recently-broken consolidation range.
Arief Makmur
9 Feb 2016, 00:47 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Michael Becker
8 Feb 2016, 11:48 UTC+00
A bullish breakout was executed above a consolidation range. Hence, a quick bullish movement took place towards 1.1200 where previous daily bottoms are located. Risky traders should watch for any signs of a bearish rejection around 1.1200 as a sell signal for a counter-trend position. S/L should be set as a daily candlestick closure above 1.1250. On the other hand, conservative traders should wait for a bearish pullback towards the backside of the previous consolidation range around 1.1000 to buy the EUR/USD pair.
Mourad El Keddani
8 Feb 2016, 09:48 UTC+00
The EUR/USD pair has faced strong support at the level of 1.1069 because resistance became support. So, the strong resistance has been already faced at the level of 1.1069 and the pair is likely to try to approach it in order to test it again. The level of 1.1069 represents a weekly pivot point for that it is acting as minor support this week. Furthermore, the EUR/USD pair is continuing to trade in a bullish trend from the new support level of 1.1069.
Michael Becker
5 Feb 2016, 09:33 UTC+00
However, a bullish breakout above the depicted consolidation range was executed. Hence, a quick bullish movement took place towards 1.1200 where previous daily bottoms are located on the chart. Trading Recommendations: Risky traders should watch for any signs of a bearish rejection around 1.1200 as a sell signal for a counter-trend position. S/L should be set as a daily candlestick closure above 1.1250. On the other hand, conservative traders should wait for a bearish pullback towards the backside of the previous consolidation range around 1.1000 to buy the EUR/USD pair.
Arief Makmur
5 Feb 2016, 01:04 UTC+00
When the European market opens, EUR/USD is likely to move with medium to high volatility today amid Europe's and the US economic releases
Arief Makmur
4 Feb 2016, 01:46 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Michael Becker
3 Feb 2016, 12:38 UTC+00
The previous bearish closure below 1.0800 (the reversal pattern neckline) confirmed the depicted reversal pattern. An estimated bearish target is located at 1.0620. Today, a bearish closure below 1.0800 (neckline of the depicted reversal pattern) is needed to allow a further bearish decline to occur towards 1.0730, 1.0620, and 1.0570. On the other hand, bullish persistence above 1.0830 hinders the further bearish decline. Hence, another bullish pullback towards 1.1000 would be expected.
Arief Makmur
2 Feb 2016, 23:42 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Michael Becker
2 Feb 2016, 14:15 UTC+00
During the last few weeks, the level of 1.1000 was considered the significant supply level to offer valid sell entries. Moreover, a Head and Shoulders reversal pattern was formed. That is why the current bullish pullback towards 1.1000 should be taken into account for selling the EUR/USD pair again. The previous bearish closure below 1.0800 (the reversal pattern neckline) confirmed the depicted reversal pattern. An estimated bearish target is located at 1.0620. Today, a bearish closure below 1.0800 (neckline of the depicted reversal pattern) is needed to allow further bearish decline to occur towards 1.0730, 1.0620, and 1.0570.
Arief Makmur
2 Feb 2016, 01:19 UTC+00
When the European market opens, some Europe's and US economic reports will be released that are likely to make the EUR/USD to move low to medium volatility during this day.
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