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.
Mourad El Keddani
31 Aug 2015, 15:34 UTC+00
The EUR/USD pair is still moving between 1.1351 and 1.1000 in the weekly chart. Thus, it should be noted that the weekly pivot point will set at the level of 1.1351. Right now, the current price is moving around the level of 1.1210. Moreover, the weekly point has already formed a psychological level in this area.
Harsh Japee
31 Aug 2015, 11:15 UTC+00
The EUR/USD pair had rallied through the levels around 1.1700 last week before retracing lower.
Arief Makmur
31 Aug 2015, 06:27 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Michael Becker
28 Aug 2015, 18:35 UTC+00
Since last Friday, extensive bullish pressure was applied until bearish rejection was expressed around the price level of 1.1700. That is when, extensive bearish rejection was expressed on Wednesday. The market looked overbought as the bulls were pushing above the price level of 1.1500 (Daily Supply Level). That's why, a bearish corrective movement is currently taking place towards the price level of 1.1160. Conservative traders should wait for a valid BUY entry anywhere around the price level of 1.1160 (corresponding to the depicted uptrend line as well as 61.8% Fibonacci level). S/L should be placed below 1.1100.
Arief Makmur
28 Aug 2015, 07:18 UTC+00
Amid the reports, EUR/USD will move low to medium volatility during this day.
Mourad El Keddani
28 Aug 2015, 03:50 UTC+00
The EUR/USD pair is expected to form strong resistance at the level of 1.1364. So, according to the previous events, the pair is still moving between the levels of 1.1364 and 1.1140. The major support was found at the level of 1.1098, and the double bottom is seen at the level of 1.1098 in the H1 chart.
Mourad El Keddani
27 Aug 2015, 15:25 UTC+00
The EUR/USD pair has opened below the weekly support one at the level of 1.1364. So, the strong resistance will be at the spot of 1.1364 today. You have to consider the price of 1.1118 which represents a strong support on August 27, 2015. Consequently, we expect a range about 110 pips in coming 48 hours. Therefore, the market will probably indicate a bearish opportunity at the level of 1.1300 and the weekly pivot point will act as minor support around the area of 1.1263. Thus, according to the previous events, the price is going to move between the prices of 1.1350 and 1.1140. So the area above 1.1263 (below the weekly pivot point) looks for further downside with the first target at the 1.1180 level and continue towards 1.1137 in order to test the weekly support 1 tomorrow.
Arief Makmur
27 Aug 2015, 06:55 UTC+00
Amid the reports, EUR/USD will move low to medium volatility during this day.
Arief Makmur
26 Aug 2015, 06:24 UTC+00
Amid the reports, EUR/USD will move with low to medium volatility during this day.
Arief Makmur
25 Aug 2015, 07:54 UTC+00
When the European market opens, some economic news will be released such as Belgian NBB Business Climate, German Ifo Business Climate, German Final GDP q/q.
Mourad El Keddani
24 Aug 2015, 14:58 UTC+00
The EUR/USD pair broke major resistance at the price of 1.1263 last week for that the level of 1.1263 has become a strong support for August 24-28, 2015. Besides, the weekly pivot point is calculated at 1.1263 and the pair is now moving from it since last week. Therefore, it will probably start an upside movement in this area and recover again. So, the market will indicate a bearish opportunity at the levels of 1.12631 and 1.1388. The area of 1.12631 and 1.1388 is acting as a strong support this week, hence it will be a good sign to buy at this spot with the first target of 1.1509 and continue towards 1.1540 in order to form a new double bottom. On the other hand, if a break of 1.1263 happens, it will be a good place to put stop loss.
Arief Makmur
24 Aug 2015, 06:45 UTC+00
When the European and the US markets open, no reports are expected today in the economic calendar.
Michael Becker
21 Aug 2015, 18:12 UTC+00
The H4 chart shows a recent bullish swing being established within an ascending channel. The upper limit of this channel comes to meet the pair around the price level of 1.1300. It also corresponds to 100% Fibonacci Expansion level of the most recent bullish swing. The market looks overbought as the bulls are pushing above the price level of 1.1250 (backside of the broken uptrend). Counter-trend SELL entries can be offered in this case. Intraday SELL entries can be offered around 1.1300. S/L should be set as a daily closure above 1.1350. T/P levels should be located at 1.1240 and 1.1160.
Arief Makmur
21 Aug 2015, 06:13 UTC+00
When the European market opens, a series of economic news are due in the economic calendar such as Consumer Confidence, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and GfK German Consumer Climate.
Michael Becker
20 Aug 2015, 17:24 UTC+00
DAILY closure below the price level of 1.0980 must be achieved to pursue towards lower bearish targets around 1.0850 and 1.0750. The nearest bearish destination to meet the EUR/USD pair would be located at 1.0980 as long as the price level of 1.1150 remains defended by the market bears. On the other hand, daily closure above the price zone of 1.1150-1.1180 invalidates the previous bearish scenario. A bullish swing towards 1.1220 and 1.1280 should be expected then.
123>Last ›