We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
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USD/CHF consolidates with bearish bias after hitting five-week low of 0.9251 this morning. The rate is undermined by spillover of EUR strength on CHF as worries over Greece recede; weaker USD sentiment. ...
USD/JPY is trading in lower range with rebound in sight. The rate is undermined by investor jitters on report Democratic and Republican leaders of the U.S. Senate expressed frustration over fiscal-cliff negotiations....
Yesterday the metal remained shy by a few pips of 34.30 levels. A push through 34.30 remains a possibility before a meaningful pullback materializes. ...
The yellow metal trades sideways after taking out resistance at 1,750.00 level. A final push higher towards the 1,760/65 region is quite possible before a pullback materializes. ...
The single currency pair is finding tough to sustain 107.00 level and push higher towards 108.00 at the moment. Though price action towards 108.00 cannot be ruled out, it is recommended to book profits on all or maximum long positions taken earlier. ...
Yesterday the single currency pair tested 1.4800 level before pulling back sharply. It is recommended to cover (book profits) on all or maximum short positions taken earlier....
Today EUR/USD has support and resistance at 1.2948 and 1.3039. The rate is accompanied by strong support at 1.2935 and by 1.3049 as strong resistance. ...
The GBP/USD pair has been fluctuating heavily within the past few weeks after the broken DAILY bullish channel was retested around the price zone of 1.6160 - 1.6180, failing to maintain a directional trend. ...
