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.
Harsh Japee
23 May 2014, 10:31 UTC+00
Technical analysis and trading recommendations for Gold for May 23, 2014. Gold continues to trade within a consolidation range for now. The metal tested $1,300.00 levels yesterday and pulled back.
Sebastian Seliga
23 May 2014, 10:21 UTC+00
The upward corrective wave progression is developing in more complex and time-consuming manner than I've expected, but the overall concept of an upside corrective cycle in wave 2 black is still in progress. Currently the market is below the
Sebastian Seliga
23 May 2014, 10:10 UTC+00
The downside corrective wave progression is developing as anticipated and has hit the target levels. Currently there is an unfinished internal corrective cycle to the upside that must be completed before the last leg to the downside will appear. The alternate count however indicates that the laciest low at the level
Harsh Japee
23 May 2014, 10:01 UTC+00
Technical analysis and trading recommendations for EUR/JPY for May 23, 2014. The EUR/JPY pair has bounced off the trend line support as seen here from sub 138.00 levels.
Felipe Erazo
23 May 2014, 09:53 UTC+00
The USDX is trying to stay above the support level of 80.11 with the formation of a bullish pattern. It is very likely that the USDX wil rise to 200 SMA, where the USDX could make a pullback. However, if the USDX does make a breakout at the resistance level of 80.62
Felipe Erazo
23 May 2014, 09:52 UTC+00
The pair performed a pullback to the 1.6920 level where the GBP/USD has formed a fractal. Now, this pair is likely to continue to make corrective movements in favor of the bullish trend. However, if the GBP/USD manages to make a breakout in the support level of 1.6851
Harsh Japee
23 May 2014, 09:46 UTC+00
Technical analysis and trading recommendations for GBP/CHF for May 23, 2014. The GBP/CHF pair is stalling ahead of the 1.5120 levels for now. A bearish reversal here could drag prices lower towards 1.4700 levels.
Ahsan Aslam
23 May 2014, 09:42 UTC+00
USD/JPY is expected to trade in a higher range. It is underpinned by the yen-funded carry trades amid positive risk appetite (S&P 500 closed up 0.24% overnight at 1,892.49) on upbeat HSBC flash China May manufacturing PMI data suggesting growth stabilization in the world's second-largest economy, continued impact from the FOMC meeting minutes
Ahsan Aslam
23 May 2014, 09:35 UTC+00
USD/CHF is expected to trade with bullish bias. It is supported by the broadly firmer USD undertone and dovish Swiss National Bank's monetary-policy stance. But USD/CHF gains are tempered by the franc demand on soft EUR/CHF cross and positions adjustment before weekend.
Ahsan Aslam
23 May 2014, 09:25 UTC+00
GBP/JPY is expected to trade with bullish bias. It is supported by the positive risk sentiment and demand from Japan importers. But GBP/JPY gains are tempered by the Japan exporter sales and positions adjustment before weekend.
Ahsan Aslam
23 May 2014, 09:20 UTC+00
NZD/USD is expected to consolidate. It is supported by the Kiwi demand on NZD/JPY cross amid reduced risk aversion, NZD-USD interest differential, reduced concerns over China's economy and positions adjustment before weekend. But NZD/USD upside is limited by the broadly firmer USD undertone.
Joseph Wind
23 May 2014, 08:07 UTC+00
The pair looks safe above 0.9253 on an hourly basis, and on a positional basis, it looks good above 0.9273. The pair favors "buying the dip" strategy
Hossam Soliman Ali
23 May 2014, 07:51 UTC+00
Based on the H4 chart above, silver has stabilized above the Support area again after its rebound from the Resistance level of 19.75 yesterday
Hossam Soliman Ali
23 May 2014, 07:44 UTC+00
Today's H4 chart shows that the pair might take a new bullish signal after it has closed above the Resistance level of 171.50
Arief Makmur
23 May 2014, 07:40 UTC+00
When the European market opens, some economic news will be released such as German Final GDP q/q, German Ifo Business Climate, Italian Retail Sales m/m, European Parliamentary
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