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Forex Analysis & Reviews

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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Alexandros Yfantis
Technical analysis
2016-05-05
116
visited:
The Dollar index has started a bullish reversal. This reversal will be big as long as we hold above the 91.90 lows. This reversal has the potential to bring the index even towards 96-98 but it is still too early to tell. For now we have an impressive daily bullish hammer pattern and if this week ends like this we could have a bullish hammer in the weekly candle....
Alexandros Yfantis
Technical analysis
2016-05-05
147
visited:
Gold pulled back towards our support area of $1,270 yesterday and is now trading $10 higher. The trend remains bearish in the short term, and this is the opportunity to go long for aggressive traders as I mentioned a few days back when the price was at $1,293. Personally I prefer to be neutral in Gold....
Ahsan Aslam
Technical analysis
2016-05-05
135
visited:
USD/JPY is expected to trade in a higher range as the bias remains bullish. Overnight US stock indices continued to drift lower, weighed down by reignited concerns over global growth and weaker-than-expected ADP private payrolls data. The Dow Jones Industrial Average declined 0.6% to 17651, the S&P 500 dropped 0.6% to 2051, and the Nasdaq Composite was down 0.8% to 4725. Biotech was among the worst-performing sectors....
Ahsan Aslam
Technical analysis
2016-05-05
79
visited:
USD/CHF is expected to trade with a bearish bias. The pair stands firmly above its key horizontal support at 0.9530 and is likely to post further advance to 0.9605 at first. The relative strength index is mixed to bullish and also lacks downward momentum. The rising 50-period moving average plays well a support role. Therefore, as long as 0.9530 is not broken, look for further upsides to 0.9605 and 0.9655 in extension....
Ahsan Aslam
Technical analysis
2016-05-05
84
visited:
NZD/USD is under pressure. The pair remains under pressure below its key resistance at 0.6945. Even though a technical rebound cannot be ruled out at the current stage, its extent should be very limited. Besides, both the 20-period and 50-period moving averages are still heading downward, which should confirm a bearish outlook. The relative strength index is still below its neutrality area at 50. Hence, as long as 0.6945 holds on the downside, look for a new pullback to 0.6860 and 0.6830 in extension....
Ahsan Aslam
Technical analysis
2016-05-05
73
visited:
GBP/JPY is expected to trade in a lower range. The pair remains weak and is likely to challenge its nearest support at 154.40 in sight. The risk of a slide below this threshold remains high, as the falling 50-period moving average maintains strong selling pressure and should push the prices lower. In this case, as long as 156 is not surpassed, a decline to 154.40 and 153.15 is likely in extension....
Harsh Japee
Technical analysis
2016-05-05
87
visited:
Silver is seen to be trading at $17.45 levels at this moment after having bounced off the fibonacci 0.618 retracement levels as depicted here. The metal might be looking to continue higher towards $18.40/50 levels....
Harsh Japee
Technical analysis
2016-05-05
136
visited:
Gold has formed a bottom around $1,271.00/72.00 levels yesterday before turning higher again. Please note that the metal has bounced off the fibonacci 0.382 support as expected and discussed earlier. ...
Harsh Japee
Technical analysis
2016-05-05
86
visited:
The EUR/JPY pair seems to be pushing above 123.00 levels at this moment, looking to rise through 124.50 levels at least before reversing lower. The pair is expected to remain in control of bears till the prices stay below 126.40 levels....
Torben Melsted
Wave analysis
2016-05-05
82
visited:
We now have a clear break above the red resistance line from 1.7223 confirming that wave [iii] of 3 is developing, so it should only be a question of time before the real upside acceleration is seen. This is the part of the impulsive wave where the prices rally so strongly that it becomes almost vertical. In the short term, a break above resistance at 1.6874 should kick the prices quickly higher to 1.7223 and above for a continuation higher to 1.8420....
Harsh Japee
Technical analysis
2016-05-05
54
visited:
The GBP/CHF is seen to be trading at 1.3900/10 levels, unchanged from yesterday. But please note that the pair has re-tested lows at 1.3815/20 levels and bounced back. ...
Torben Melsted
Wave analysis
2016-05-05
68
visited:
The big question remains whether or not an important bottom is in place at the 121.66 low. The rally of the 121.66 level is in no way impressive, which raises the odds of one more decline below 121.66 for a move closer to 117.99. That said, it will not take much to secure the 121.66 low and indicate that the bottom is in place. It will only take a break above minor resistance at 123.53 to indicate that this is the case and a new impulsive rally to above 126.47 is developing. ...
Azeez Mustapha
Technical analysis
2016-05-05
65
visited:
The EUR/JPY cross is still making some bullish attempts in the context of a downtrend, and as a result of this, there are mixed signals in the market. On the 4-hour chart, the RSI period 14 is above the level 50; whereas the EMA 11 is still below the EMA 56. The movement of the market today would reveal whether the bullish attempt would be a short-selling opportunity or not....
Felipe Erazo
Technical analysis
2016-05-05
48
visited:
USDX continues to move sideways, but it's still trading into a corrective tone above the support zone of 92.91. The H1 chart is showing us that the price is close to the 200 SMA, where it could pull back to resume the decline....
Felipe Erazo
Technical analysis
2016-05-05
52
visited:
The H1 chart structure is calling for a short-term bearish consolidation below the 200 SMA on the H1 chart, after the pair found resistance around the 1.4549 level. Rebounds can happen in coming hours as the Cable needs to perform bigger corrective moves....
Mohamed Samy
Technical analysis
2016-05-04
338
visited:
The 1.3300 level stood as a significant resistance as it corresponds to the 50% Fibonacci level and the backside of the broken weekly uptrend where a valid sell entry was suggested on March 24. Since then, the USD/CAD pair has been trapped within the consolidation range between 1.3300 and 1.2970 until a bearish breakout took place on April 11. Shortly after, a quick bearish decline took place. However, early signs of bullish recovery are being expressed around 1.2460. Conservative traders are advised to consider any pullback towards 1.2970 (61.8% Fibonacci level) as a valid signal to sell the USD/CAD pair. S/L should be placed above 1.3050....
Mohamed Samy
Technical analysis
2016-05-04
229
visited:
In March, an obvious bullish breakout above 0.6750 and 0.6860 was executed. Hence, these price levels now constitute recent support levels to be watched for valid buy entries. Conservative traders were advised to have a BUY entry around the 0.6760 level. S/L should be raised to 0.6800. Any bearish pullback towards 0.6850 should be considered as a valid signal to BUY the NZD/USD pair. This week, bullish persistence above 0.6850 (recent support) is mandatory to maintain enough bullish momentum in the market. Bullish targets are projected towards 0.6960, 0.7050, and 0.7150....
Michael Becker
Technical analysis
2016-05-04
233
visited:
The price zone of 1.4475-1.4670 has been standing as a significant supply zone during the past few weeks. This week, the depicted downtrend line comes to meet the GBP/USD pair around the same price zone. That is why, a bearish rejection should be expected again around the upper limit (1.4670 level). The nearest destinations for the GBP/USD pair would be located at 1.4475, 1.4300, 1.4220 and finally 1.3845....
Michael Becker
Technical analysis
2016-05-04
222
visited:
In February, the depicted price levels around 1.1500-1.1550 acted as a significant supply zone during the previous bullish pullback. Hence, another bearish rejection should be expected around the current price levels. If not, further bullish movement towards 1.1700 should be expected. In the long-term prospect, the level of 0.9450 will remain a projected bearish target if a monthly candlestick comes to close below the depicted monthly demand level of 1.0570....
Viktor Bajer
Technical analysis
2016-05-04
191
visited:
CHF/JPY is likely to move lower after breaking below massive support. ...
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