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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Last week the USD/CHF pair was trading in a downward move, impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green) was developing. ...
For the last few days the USD/JPY pair was trading in a downward move, corrective (A) wave (coloured blue) of the bigger (B) wave (coloured green) was developing. ...
The yellow metal has reached the first measured resistance at 1,750.00 region. It has still room to register fresh highs around 1,760.00 level before pulling back. ...
The single currency rose past the 107.00 level before pulling back during the early trading session today. It is strongly recommended to consider these retracements (intraday dips) as fresh opportunities to go long again....
As depicted above and discussed earlier, the single currency pair has registered lower lows since last trading week. The structure still remains in favor of bears, but it is also recommended to book partial profits at current levels (1.4885) and move down risk. ...
NZD/USD is consolidating with bullish bias after hitting two-week high of 0.8254 on Friday. The pair is supported by positive risk sentiment; NZD-USD yield gap; firmer commodity prices; the kiwi demand on the soft AUD/NZD cross. ...
USD/CHF is consolidating with bearish bias after hitting one-month low of 0.9263 on Friday. The pair is undermined by spillover from EUR strength on CHF; broadly weaker demand for safe-haven USD amid positive risk sentiment. ...
USD/JPY continues to range-trade. The rate is underpinned by buying of the yen crosses amid positive global risk sentiment (S&P surged 1.3% on Friday) on 20.7% jump in U.S. online Black Friday sales....
Gold is currently testing the upper limit of its medium-term bullish channel at 1,756 suggesting a decline. However, a break of these levels will initiate a more violent bullish channel....
The spot rate approaches the upper limit of its medium-term bearish channel at 1.6090 suggesting a decline. However, a break of these levels will initiate a violent bullish channel....
The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 1.2990. It seems that a decline was initiated. ...
On the daily chart the rate has consolidated above the level of correction 38.2% - 1.5964 of Fibonacci. As a result the pair may continue its growth to the correctional level of 23.6% - 1.6094 of Fibonacci. ...
Since the rate had reached an important low at 1.4966 we saw wave 1 of a new long-term impulsive rally to 1.5905. The following wave 2 corrected 50% of wave 1 and was an Expanded Flat correction. ...
Since the rate had reached its low at 94.10 we saw wave 1 of a new large impulsive rally moving higher to 104.59. Wave 2, which corrected wave 1, met support at the 38.2% Fibonacci retracement target at 100.58....
Last week was bullish. This week it is expected to b the same; unless some drastic fundamentals boost the stamina of the yen and the greenback. There could be some temporary corrections before the prices move up according to the prevailing trends. ...
Today EUR/USD has support and resistance at 1.2919 and 1.3005. The rate is accompanied by strong support at 1.2906 and by 1.3014 as strong resistance....
