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.
Hossam Soliman Ali
29 Apr 2016, 14:05 UTC+00
The EUR/USD pair has opened with bullish bias today approaching from the key resistance that formed a strong obstacle to the price's recent positive attempts at 1.1420.
Michael Becker
29 Apr 2016, 07:59 UTC+00
Similar to what happened on February 12, the supply zone of 1.1320-1.1400 stood as a significant resistance zone for the EUR/USD pair which offered bearish rejection and a valid sell entry on April 12. The Head and Shoulders reversal pattern is being expressed around this supply zone. Hence, a valid sell entry was offered around the price area of 1.1350-1.1400 (the right shoulder of the reversal pattern). Today, daily persistence below the price level of 1.1320 is needed to ensure further bearish momentum in the market. Otherwise, further bullish advancement towards 1.1415 should be expected.
Harsh Japee
29 Apr 2016, 04:46 UTC+00
The EUR/USD pair is testing previous swing highs and remains shy by a few pips today. The pair rallied through 1.1396 levels before pulling back again towards 1.1382 levels. The pair is producing a pin bar candlestick.
Arief Makmur
28 Apr 2016, 22:51 UTC+00
EUR/USD will move with low to medium volatility during this day.
Hossam Soliman Ali
28 Apr 2016, 14:30 UTC+00
The EUR/USD pair has been trading positively since morning moving away from the bullish channel's support, which favors expectations for the bullish trend continuation in the upcoming period. Positive stochastic and the EMA50 also support out outlook.
Harsh Japee
28 Apr 2016, 11:23 UTC+00
The EUR/USD pair is seen to be trading at 1.1340 levels for now after hitting highs at 1.1370 levels today. Please note that the pair is seen to be testing an immediate trend line support.
Viktor Bajer
28 Apr 2016, 10:36 UTC+00
The EUR/USD pair still looks strong with potential continuation of an uptrend.
Michael Becker
28 Apr 2016, 02:17 UTC+00
The Head and Shoulders reversal pattern is being expressed around this supply zone. Hence, a valid sell entry was offered around the price area of 1.1330-1.1370 (the right shoulder of the reversal pattern). That is why daily persistence below the price level of 1.1320 is needed to ensure further bearish momentum in the market. In the previous articles, a valid sell entry was suggested around the supply zone of 1.1400. It is already running in profits. T/P levels should be placed at 1.1200 and 1.1070. S/L should be lowered to 1.1400.
Arief Makmur
27 Apr 2016, 23:06 UTC+00
EUR/USD will move with low to medium volatility during this day.
Hossam Soliman Ali
27 Apr 2016, 14:29 UTC+00
The EUR/USD pair managed to confirm a breach of the 1.1295 level after ending yesterday's trading above it. This puts the price back inside the bullish channel.
Michael Becker
27 Apr 2016, 10:38 UTC+00
The Head and Shoulders reversal pattern is being expressed around this supply zone. Hence, a valid SELL entry was offered around the price area of 1.1350-1.1400 (right shoulder of the reversal pattern). That is why daily persistence below the price level of 1.1320 is needed to ensure further bearish momentum in the market. In the previous articles, a valid sell entry was suggested around the supply zone of 1.1400. It is already running in profits. T/P levels should be placed at 1.1200 and 1.1070. S/L should be lowered to 1.1400.
Viktor Bajer
27 Apr 2016, 09:42 UTC+00
EUR/USD does not show any signs of correction down. The uptrend is likely to continue.
Arief Makmur
26 Apr 2016, 23:35 UTC+00
EUR/USD will move with medium to high volatility during this day.
Viktor Bajer
26 Apr 2016, 11:52 UTC+00
EUR/USD broke above the resistance, and the uptrend should continue.
Michael Becker
26 Apr 2016, 11:30 UTC+00
Similar to what happened on February 12, the supply zone of 1.1320-1.1400 stood as a significant resistance zone for the EUR/USD pair which offered bearish rejection and a valid sell entry on April 12. The Head and Shoulders reversal pattern is being expressed around this supply zone. Hence, a valid SELL entry was offered around the price area of 1.1350-1.1400 (right shoulder of the reversal pattern). That is why daily persistence below the price level of 1.1320 is needed to ensure further bearish momentum in the market.
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