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  Symbol Bid Ask
EURUSD 1.1057 1.106
GBPUSD 1.5606 1.5609
USDJPY 123.48 123.51
USDCHF 0.9623 0.9626
USDCAD 1.2939 1.2942
EURJPY 136.51 136.54
EURCHF 1.0641 1.0644
GBPJPY 192.66 192.73
GBPCHF 1.5017 1.5024
GOLD 1096.51 1097.11

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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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Mohamed Samy
Technical analysis
2015-07-28
5338
visited:
A bullish breakout above the price zone of 1.2770-1.2800 has been executed. The long-term bullish projection target would be located at the level of 1.3080 if enough bullish support is maintained. Today, the signs of lack of bullish momentum are manifested on the chart. A bearish corrective movement is likely to be executed towards 1.2900 and 1.2850....
Michael Becker
Technical analysis
2015-07-28
282
visited:
As anticipated, a bearish daily closure below 1.0950 enabled a quick bearish decline towards 1.0850 and 1.0750. Evident bullish recovery was expressed last week after hitting the level of 1.0800. Bulls have been trying to bring a bullish corrective movement towards 1.1000. Yesterday, the level of 1.1100, where the backside of the broken uptrend is located, was being approached. The price level of 1.1000 has already been breached earlier this week....
Michael Becker
Technical analysis
2015-07-28
342
visited:
A quick bearish decline towards 1.5470 and 1.5370 should be expected if 1.5550 gets broken again. On the other hand, the price level of 1.5770 (61.8% Fibonacci level) is the next supply level to be watched if bullish fixation above 1.5550 persists on a daily basis. If so, a counter-trend intraday SELL entry can be offered at retesting of the price level of 1.5770....
Harsh Japee
Technical analysis
2015-07-28
632
visited:
Technical analysis and trading recommendations for Silver for July 28, 2015. Silver is seen to be trading around the $14.70 levels pushing higher towards $15.30/40 at least....
Harsh Japee
Technical analysis
2015-07-28
221
visited:
Technical analysis and trading recommendations for gold for July 28, 2015. Gold is seen to be trading around the $1,095.00 levels at the moment and might be looking to push through the $1,130.00 levels....
Harsh Japee
Technical analysis
2015-07-28
430
visited:
The EUR/JPY pair is inching higher, producing minor intraday dips. The level of 135.50 remains immediate support....
Harsh Japee
Technical analysis
2015-07-28
254
visited:
The GBP/CHF pair ticked off towards fresh highs around 1.5075. Be aware of possible pullbacks....
Mourad El Keddani
Technical analysis
2015-07-28
1523
visited:
The NZD/USD pair opened below the monthly pivot point at the level of 0.6660. Therefore, the market will probably indicate a bearish opportunity at the level of 0.6660 and the monthly pivot point will act as strong resistance on July 18, 2015. So, according to the previous events, the price is still trading between the levels of 0.6700 and 0.6521. The area below 0.6700 (below the monthly pivot point) calls for further move downside with the first target at 0.6575 in order to test the weekly support 1 and continue towards 0.6490 (the double bottom). However, stop loss should be placed above the last bullish wave at the level of 0.6772. ...
Petar Jacimovic
Technical analysis
2015-07-28
276
visited:
Sideways market is around the price of $1,092.00. Selling gold at this stage looks risky because we have a fake breakout of the swing low in the background. The price is in our trading range. Watch for potential breakout to confirm further direction....
Mourad El Keddani
Technical analysis
2015-07-28
185
visited:
The USD/CHF pair probably will form a strong support at the level of 0.9588 above 61.8% of Fibonacci retracement levels. Moreover, it will also form a powerful resistance at the 0.9700 level on the H1 chart. Equally important, the price is going to form a double bottom at 0.9616 (the first bearish wave since yesterday). Furthermore, the saturation is likely to take place around 0.9616/0.9588 because this level also formed the first strong support on July 28, 2015. Consequently, it is possible that the market will start showing bullish signs. So buy deals are recommended above 0.9616/0.9588 with the first target seen at the 0.9666 level and further at the 0.9700 price....
Petar Jacimovic
Technical analysis
2015-07-28
746
visited:
Sellers are in control on the market. Resistance at the price of 1.6805 is held successfully, which is a sign that buying EUR/NZD at this stage looks risky. My advice is to watch for potential selling opportunities after retracement....
Sebastian Seliga
Fundamental analysis
2015-07-28
1443
visited:
Yesterday's strong data from the US surprised the market: durable goods orders rose 3.4% (-2.1% a month before) and core durable orders rose 0.8% (-0.1% a month before). The next portion of singnificant data is due today. The CB consumer confidence is also scheduled for today. The market expects the indicator to come out at 100.1 points compared to 101.4 a month ago. Nevertheless, any better-than-expected readings might add fuel to the fire and help the dollar rise ahead of FED. ...
Sebastian Seliga
Fundamental analysis
2015-07-28
665
visited:
According to recent events, the UK GDP is expected to accelerate by 0.7% q/q (2.6% y/y), just in line with economists' expectations, but better than the previous reading of 0.4% q/q (2.9% y/y). Moreover, the GDP is projected to increase even more: 2.5% in 2015 and 2.6% in 2016. ...
Sebastian Seliga
Wave analysis
2015-07-28
828
visited:
The market has broken through yesterday's resistance at the level of 136.41. This level will act as a support. The upward wave progression has not been completed yet and more gains at the market are expected. Please keep an eye on the intraday support at the level of 136.41 as any breakout lower would invalidate the impulsive wave development and weekly pivot at the level of 135.60 might be tested again. ...
Sebastian Seliga
Wave analysis
2015-07-28
417
visited:
The corrective cycle is still developing as the b green and c green waves are needed to complete the correction. The market is very range-bounded, but is trading above the weekly pivot and inside the bullish zone. Nevertheless, the downside breakout is expected in order to complete the c green wave. The first support comes at the level of 1.2947, but it might get easy violated. ...
Alexandros Yfantis
Technical analysis
2015-07-28
289
visited:
The US dollar index is inside the upward sloping channel and is testing the lower channel boundaries. In the Ichimoku cloud terms, the price is in a bearish trend and has given a new short-term sell signal by breaking below the cloud. The US dollar is showing some signs of strength and is trying to bounce from the lower boundaries of the channel....
Alexandros Yfantis
Technical analysis
2015-07-28
382
visited:
Gold price tried to break above $1,100 yesterday, but sellers did not let it break above the short-term resistnace at $1,103. The price pulled back towards support of $1,090, and we saw some signs that a bigger bounce could unfold today or tomorrow towards $1,115-20....
Azeez Mustapha
Technical analysis
2015-07-28
821
visited:
The EUR/JPY pair traded further upwards on Monday; thereby adding to the bullish outlook that was started last week. The supply zone at 137.00 has been tested, and in case it is broken to the upside, bulls would target another supply zone at 138.00. ...
Torben Melsted
Wave analysis
2015-07-28
254
visited:
A flat correction is nicely unfolding. We saw the top of wave b at 1.6808. Now we are looking look for wave c moving lower to 1.6325 or just below to end wave 2 and set the stage for wave 3 higher. ...
Joseph Wind
Technical analysis
2015-07-28
294
visited:
We can observe a big head and shoulder pattern in the chart. The cross tested the neck line for three times....
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