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
5 Sep 2014, 12:48 UTC+00
The EUR/USD has broken major support at the price of 1.3003 which represents the daily pivot point. Also, it should be noted that the minor resistance is calculated at 1.2968 (the red horizontal line) and it is now approaching it. Therefore, it will probably start downside movement at this area and recovery again. So, the market will indicate a bearish opportunity at level of 1.2968. It will a good sign to sell at this spot with the first target of 1.2919 in order to form the double bottom (the lowest price of yesterday), and continue towards 1.2870. On the other hand, if a break is at the level of 1.3003, then it will be a good location for placing stop loss at 1.3030.
5 Sep 2014, 12:42 UTC+00
The dollar index spiked yesterday following Mario Draghi's comments and the start of quatitative easing in Europe. The second target of 84 has been achieved and a few days of sideways consolidation should be expected before another move higher.
5 Sep 2014, 12:33 UTC+00
Gold price remains in a down trend as it made a new lower low yesterday. Gold price is expected to continue lower as it trades below important resistance level of $1,270. The target is at $1,240 for a short term and $1,000 for a longer term.
5 Sep 2014, 11:55 UTC+00
The black wave Y has been completed earlier than expected and yesterday's news had caused havoc on the markets, resulting in unfinished downward impulsive progression. Currently, the market is in wave -iv- of a larger cycle green wave (iii), so lower prices are expected. Please, notice that the corrective cycle might go as high as the weekly pivot at the level of 136.89 and then fail and reverse. This possibility has been labeled as an alternative count. However, the first target for the bears is at the level of 135.71.
5 Sep 2014, 11:28 UTC+00
The corrective cycle might be regarded as completed. The demand zone where buyers are present is between the levels of 1.0809 - 1.0839. Nevertheless, the market is still below the weekly pivot. Besides, breakout higher is needed to confirm that the bullish impulsive wave progression is taking place. Please notice, that any violation of the level of 1.0819 invalidates the impulsive red count and puts the alternative count in play. That means lower prices will be seen with projected target levels at 1.0740.
5 Sep 2014, 07:15 UTC+00
The pair held the 50Msma and started moving higher. USD/CHF has short-term support at 0.9175 (50Msma) and 0.9135.
5 Sep 2014, 06:19 UTC+00
Technical analysis and trading recommendations on EUR/JPY for September 05, 2014. The EUR/JPY pair pulls back sharply yesterday around the 136.00 level.
5 Sep 2014, 06:18 UTC+00
In Asia, Japan will release the the BOJ Monthly Report and Leading Indicators.
5 Sep 2014, 06:18 UTC+00
When the European market opens, some economic news will be released such as German Industrial Production m/m and Revised GDP q/q.
5 Sep 2014, 06:05 UTC+00
Technical analysis and trading recommendations on GBP/CHF for September 05, 2014. The GBP/CHF pair pulls back to test highs at 1.5250/70 and carve a lower top.
5 Sep 2014, 05:53 UTC+00
Technical analysis and trading recommendations on Silver for September 05, 2014. Silver is trying to form base at the current levels ($19.00/05).
5 Sep 2014, 05:33 UTC+00
Technical analysis and trading recommendations on Gold for September 05, 2014. Gold still seems to be searching for a bottom around the current levels of $1,260.00.
5 Sep 2014, 05:11 UTC+00
We strongly recommend buying only above this with the targets at the 1.0910, 1.0926 and 1.0940 levels, even 1.0960 is also possible. On the down side, the pair has strong support at 1.08820 for an intraday session.
5 Sep 2014, 04:31 UTC+00
The EUR/JPY tumbled as a result of sudden and exponential weakness in the EUR. In fact, all EUR pairs have tumbled, and this trend may continue significantly today.
5 Sep 2014, 03:55 UTC+00
The medium will crack once the prices break out and close below this for a steep fall to the $81-80 levels. For hourly trading, the price is closed and trading below the hourly key moving averages.
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