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.
3 Dec 2014, 09:46 UTC+00
We recommend risky buying above $1,200.50 and safe buying, at $1,203.00 for targets $1,207.00 levels.
3 Dec 2014, 06:46 UTC+00
We recommend fresh buying above 1.1414 levels for targets at 1.1446 and 1.1465 levels.
3 Dec 2014, 06:26 UTC+00
On the higher side, we can expect 0.9820, 0.9874, 0.9970 and 1.0270 levels.
3 Dec 2014, 04:38 UTC+00
USDJPY has gone beyond our target at 119.00 – which is now a demand zone in the context of the extant uptrend. The uptrend will continue, even if it would be in a slow and steady manner. The next target to be reached by price is at the supply level of 119.50.
3 Dec 2014, 03:50 UTC+00
The USDX continues to strengthen the bullish trend above the support level of 88.44. The next hurdle for this instrument is the resistance level of 88.65. If the USDX manages to make a breakout in that area, it would be expected to rise to the level of 89.40 where is located one bullish trend line on the H4 chart
3 Dec 2014, 03:50 UTC+00
On the daily chart, the GBP/USD has not yet found out in what range it is now, because this pair is forming a bearish pattern below the resistance level of 1.5746. The GBP/USD may perform a breakout at the level of 1.5642
2 Dec 2014, 20:59 UTC+00
The GBP/USD pair looked quite oversold. Bullish correction was anticipated as the pair has tested a prominent WEEKLY support ( price level of 1.5600 ) corresponding to multiple previous tops established back in May and June 2013. On the other hand, a break below the recent bottom around 1.5580 invalidates this bullish scenario and renders the current movement as a bearish flag pattern with projection target at 1.5410.
2 Dec 2014, 20:56 UTC+00
The USD/CAD bulls are currently challenging the latest achieved swing high around 1.1440-1.1465. Temporary bearish rejection was expressed Yesterday. Bullish breakout above 1.1440 is mandatory for push towards 1.1550 where the upper limit of the ongoing bullish channel is located.
2 Dec 2014, 20:49 UTC+00
The previous daily candlesticks represented intraday DEMAND offered around 1.5650 after such a strong bearish momentum. Sideway movement has been taking place for a whole week. The market is showing indecision between 1.5600 and 1.5760 ( Yesterday's high ). Alternative bullish and bearish daily candlesticks are being expressed within a 150 pips range. The GBP/USD pair has a solid Intraday SUPPLY around 1.5830-1.5880 where many prominent lows were located.
2 Dec 2014, 20:49 UTC+00
USD/JPY is expected to consolidate with a bullish bias after hitting a seven-year high 119.15 on Monday. It is undermined by the flows to haven JPY amid decreased investor risk tolerance (VIX fear gauge rose 7.2% to 14.29, S&P 500 closed 0.68% lower at 2,053.44 overnight) on weak manufacturing PMI data out of China and Europe and Moody's downgrade of Japan's credit rating by one notch to A1; disappointing U.S. Black Friday weekend as National Retail Federation estimated that retail spending over the post-Thanksgiving weekend fell 11%. USD/JPY is also affected by Japan's export sales, broadly weaker dollar undertone (ICE spot dollar index last 87.98 versus 88.30 early Monday) as oil prices rebound (Nymex crude hit four-and-a-half year low of $63.72/bbl Monday but settled up $2.85 at $69.00/bbl).
2 Dec 2014, 20:36 UTC+00
Price zone of 1.2470-1.2490 was considered for SELLING the pair. This price zone corresponds to a previous swing low ( established on October 6) as well as significant Fibonacci level of the most recent bearish impulse. Stop Loss should be located above 1.2575. Target levels should be set at 1.2430, 1.2360 initially and price zone of 1.2250-1.2200 to be watched next. Intraday traders can SHORT the pair around 1.2430-1.2450 at retesting. SL should be set as four-hour closure above 1.2480 ( previous entry levels ). TP levels are the same.
2 Dec 2014, 19:01 UTC+00
NZD/USD is expected to consolidate with a bearish bias. NZD/USD is supported by broadly weaker dollar undertone (ICE spot dollar index last 87.98 versus 88.30 early Monday) as oil prices rebound (Nymex crude hit four-and-a-half year low of $63.72/bbl Monday but settled up $2.85 at $69.00/bbl), rebounding commodity prices and NZD-USD interest differential and Kiwi demand on soft AUD/NZD cross.
2 Dec 2014, 18:56 UTC+00
GBP/JPY is expected to consolidate after hitting a six-day high 148.14 on Monday. It is undermined by the reduced investor risk tolerance and Japan's export sales. Sterling sentiment boosted by surprise rise in U.K. CIPS/Markit manufacturing PMI to 53.5 in November from 53.2 in October (versus forecast 52.8). But GBP/JPY downside is limited by the demand from Japan's importers.
Hossam Soliman Ali
2 Dec 2014, 18:39 UTC+00
From the today's H4 chart, yesterday the metal failed to break the Support level of 16.00 to bounce again from it and trade between the Support level the Resistance level of 16.50
2 Dec 2014, 17:18 UTC+00
Smaller bullish corrective phase is in progress. I have placed Fibonacci retracement to find potential resistance levels and I got Fibonacci retracement 38.2% at the price of 1.5865 and Fibonacci retracement 61.8% at the price of 1.5910. Watch for potential selling opportuntities after retracmeent.
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