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.
Do you want to receive Forex analytics newsletter to your email?
Subscribe online and receive the daily latest reviews made by professional analysts of InstaForex Company. You can select the analysts and types of the technical and fundamental analysis of Forex market, which you will get to your email every day. Be on top of Forex market events with InstaForex!
The EUR/USD pair has been trending up within the depicted bullish channel having a strong move from 1.2650 towards 1.3300. Price Level 1.3300 (psychological resistance) expressed...
In the previous articles we suggested that the potential downside movement remained valid as long as the pair was trading below 1.0040 and below 1.0000 area, the psychological resistance. The Daily chart showed...
Yesterday the USD/CAD pair was trading in a upward move like we expected, impulsive (1) wave (coloured pink) of the bigger 5 wave (coloured blue) was developing....
AUD/USD should to consolidate after hitting five-week low of 1.0342 Wednesday undermined by weak investor risk appetite beacuse of the U.S. fiscal cliff fears and bleak outlook for Australian mining industry....
AUD/USD should to consolidate after hitting five-week low of 1.0342 Wednesday undermined by weak investor risk appetite beacuse of the U.S. fiscal cliff fears and bleak outlook for Australian mining industry....
Following the gaps that occurred yesterday, noteworthy volatility and movements should occur in the markets between today and tomorrow. This view is valid, especially given some important fundamental data coming out of the US today (affecting the greenback). Some of the figures are: Unemployment Claims, CB Consumer Confidence, New Home Sales, etc.
...
USD/JPY is to consolidate with bullish bias after hitting 27-month high of 85.73 Wednesday underpinned by negative JPY sentiment on expectations that Japan's new prime minister Abe and his Cabinet will take aggressive steps to tackle deflation and rein in yen's strength...
USD/CHF is to range-trade undermined by franc demand on buoyant CHF/JPY cross. But USD/CHF downside limited by broadly stronger demand for safe-haven USD as investor risk tolerance stays subdued amid U.S. fiscal cliff fears...
The spot rate is currently testing the upper limit of its long-term bearish channel at 114.50 suggesting a decline. However, a break of these levels will initiate a violent bullish channel....
Gold is currently testing the intermediate resistance of its medium-term bearish channel at 1,667 and seems to initiate a decline. However, a break of these levels will free a large potential to...
The spot rate approaches the upper limit of its medium-term bearish channel at 1.6160 suggesting a decline. However, a break of these levels will initiate a violent bullish channel...
The spot rate is currently testing the upper limit of its long-term bearish channel at 1.3280 suggesting a decline. However, a break of these levels will initiate a violent bullish channel...
There was no time for a correction here as the rally higher towards the next target near 1.6206 took place. With a high at 1.6217 we could have seen a top, but to confirm ...
Strong level (resistance) will be formed at 0.9206 providing a clear signal for Sell deals with the target seen at the 0.9100 level. Stop loss is to be placed above 0.9255. ...
At 1.2/1.2050 a strong level (Support) will be formed providing a clear signal for buy deals with the target seen at the 1.2270 level. Stop loss is to be placed below 1.1850....
