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  Symbol Bid Ask
EURUSD 1.1186 1.1189
GBPUSD 1.5393 1.5396
USDJPY 121.69 121.72
USDCHF 0.9623 0.9626
USDCAD 1.3202 1.3205
EURJPY 136.06 136.09
EURCHF 1.0761 1.0764
GBPJPY 187.4 187.47
GBPCHF 1.4814 1.4821
GOLD 1133.47 1134.07

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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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Ahsan Aslam
Technical analysis
2015-08-28
16091
visited:
USD/JPY is expected to continue with the upside movement. Overnight, US stocks marched higher amid higher GDP growth, a rally in the Asian and European markets, and soaring oil prices. The Dow Jones Industrial Average rose 2.3% to close at 16,654, the S&P 500 gained 2.4% to 1,987, and the Nasdaq Composite increased 2.5% to 4,812. The US government reported that 2Q GDP grew at an annualized rate of 3.7% (vs +2.3% previously estimated), and initial jobless claims fell to 271K for the week ended August 22 (vs 277K in the prior week). ...
Ahsan Aslam
Technical analysis
2015-08-28
295
visited:
USD/CHF is expected to trade with bullish bias as the trend remains bullish. The pair is clearly supported by a bullish trendline established since August 25. At the current stage, the intraday momentum is still strong as the intraday RSI stands firmly above its 50 area without displaying any reversal signals. In this case, the bias remains bullish, as long as 0.9550 is support. Further advance seems to be on the cards towards 0.9730. ...
Ahsan Aslam
Technical analysis
2015-08-28
244
visited:
NZD/USD is expected to trade with bearish bias below the key resistance at 0.6515. The pair remains in consolidation on an intraday basis, and is under pressure below its nearest resistance at 0.6515. The upside potential is likely to be limited by this key level. Besides, the intraday RSI lacks bullish momentum. Therefore, as long as 0.6515 is not surpassed, look for a choppy price action with a bearish bias. Our next downside targets are set at 0.6425 and 0.6365. ...
Ahsan Aslam
Technical analysis
2015-08-28
387
visited:
GBP/JPY is expected to trade in a lower range. The pair remains on the downside and is currently challenging its key resistance at 136.45. And the intraday RSI lacks further upward momentum. The first target to the downside is therefore set at yesterday's low at 185.25. A break below this level would open the way to further weakness towards the horizontal support and overlap at 184.10 in extension. Only a break above the key resistance at 187.25 would call for further upside. ...
Michael Becker
Technical analysis
2015-08-28
249
visited:
Since last Friday, extensive bullish pressure was applied until bearish rejection was expressed around the price level of 1.1700. That is when, extensive bearish rejection was expressed on Wednesday. The market looked overbought as the bulls were pushing above the price level of 1.1500 (Daily Supply Level). That's why, a bearish corrective movement is currently taking place towards the price level of 1.1160. Conservative traders should wait for a valid BUY entry anywhere around the price level of 1.1160 (corresponding to the depicted uptrend line as well as 61.8% Fibonacci level). S/L should be placed below 1.1100....
Hossam Soliman Ali
Technical analysis
2015-08-28
200
visited:
Silver price continues to rise gradually approaching the previously broken support level of 14.70 that turned into resistance now. It was met by the EMA50 to add more strength accompanied by stochastic in the overbought areas....
Hossam Soliman Ali
Technical analysis
2015-08-28
221
visited:
GBP/JPY broke the support level of 191.96 last week suggesting that the rebound from 184.95 was already completed at 195.25. A fall from there is viewed as the third leg of the consolidation pattern from 195.86. An initial bias is on the downside this week (for 184.95 support and below)....
Michael Becker
Technical analysis
2015-08-28
573
visited:
Prominent supply/resistance levels were located around the level of 1.5770 (prominent 61.8% Fibonacci level) where the Right shoulder of the depicted bearish reversal pattern was originated. That is why, a valid sell entry was suggested for retesting 1.5770 on Monday. The position is already running in profits now. ...
Mohamed Samy
Technical analysis
2015-08-28
307
visited:
A daily fixation above 1.5690 (the upper limit of the consolidation range) hindered the bearish scenario for some time exposing a breakout projection target at 1.5800. A valid sell entry with a low risk/reward ratio was suggested around the levels of 1.5780-1.5800. It is already running in profits now. The nearest support levels to meet the GBP/USD pair are located at 1.5355 then 1.5260 Note that persistence below the zone of 1.5450 (lower limit of the broken consolidation range) is essential to pursh the pair towards lower bearish targets at 1.5350 and 1.5245....
Mohamed Samy
Technical analysis
2015-08-28
388
visited:
The long-term bullish target was projected towards the level of 1.3270 (100% Fibonacci Expansion) where bearish pressure should be expected. Bulls were approaching this level this week. Bearish corrective movement towards the level of 1.2750 (Breakout Level) should be expected as long as USD/CAD bears keep defending the current Fibonacci Expansion zone at 1.3270-1.3300. On the other hand, bearish persistence below 1.3050 is needed to expose the next support level around 1.2910 and then 1.2800 where long-term buy entries can be considered....
Viktor Bajer
Technical analysis
2015-08-28
873
visited:
The CAD/JPY pair might fall to test 200 MA after having formed the double top....
Sebastian Seliga
Fundamental analysis
2015-08-28
1125
visited:
The UK Second Estimate of GDP has come at the level of 0.7% q/q (2.6% y/y) in line with analysts' expectations, unrevised from the previously published estimate.The UK exports posted the largest increase rising by 3.9 percent from the previous three months, which is the biggest gain in four years. This kind of good data might encourage the Bank of England to raise the interest rates, as the British economic growth rate is improving with personal incomes increasing as well....
Petar Jacimovic
Technical analysis
2015-08-28
337
visited:
We can observe a sign of weakness around the level of 1.7470 in the 1H time frame. Watch only for selling opportunities after retracmeent. A trend is neutraal....
Sebastian Seliga
Fundamental analysis
2015-08-28
398
visited:
Yesterday, crude bounced from the support line and rallied almost 10%, the biggest one-day relief rally since March 2009. The main catalyst to rally was the good US data. The Gross Domestic Product for second quarter grew at a 3.7% annualized rate, beating the expectations. Moreover, the S&P500 index has reached the highest two-day since 2009 and the Chinese shares reversed a five day losing streak as well. ...
Petar Jacimovic
Technical analysis
2015-08-28
1161
visited:
Signs of the weakness are observed near the level of $1,132.00. Be careful when buying and watch for potential selling opportunities. The trend is neutral. Strong support has been seen at the level of $1,117.50....
Sebastian Seliga
Wave analysis
2015-08-28
401
visited:
The wave (b) blue is now in progress with the potential target at the level of 137.58 where the intraday resistance is. This kind of wave might get complex and time-consuming. Moreover, the whole technical picture from the Elliott wave perspective looks like a large corrective cycle in the wave C black is developing right now, so this kind of range-trading might be the main theme for some time now. ...
Sebastian Seliga
Wave analysis
2015-08-28
327
visited:
The choppy and overlapping price action all around the hourly chart indicates a typical topping pattern in this pair. The bulls are exiting their long positions and the bears are tying to step in and push the prices in their favor. Nevertheless, there is still one more wave up missing to complete a possible ending diagonal cycle, but first, the intraday resistance at the level of 1.3352 must be violated. ...
Alexandros Yfantis
Technical analysis
2015-08-28
271
visited:
Gold price has held support and is showing signs of an upward reversal for the short-term trend. Important resistance is found at $1,130-50 area and a breakout above these levels will push the price towards $1,200. Bullish positions are favored for now as I see more chances of an upward bounce....
Alexandros Yfantis
Technical analysis
2015-08-28
191
visited:
The US Dollar index did not reverse from the 61.8% retracement yesterday but extended its bounce towards the Ichimoku cloud resistance and the 78.6% retracement. The price is showing signs of a trend reversal and rejection so I feel more confident we have seen the highs and a new short-term downward move has started....
Viktor Bajer
Technical analysis
2015-08-28
1569
visited:
The previous area of resistance near 1.1100 has been rejected....