Partner Login
Client Login
  Symbol Bid Ask
EURUSD 1.0867 1.087
GBPUSD 1.5172 1.5175
USDJPY 118.87 118.9
USDCHF 0.9534 0.9537
USDCAD 1.2157 1.216
EURJPY 129.18 129.21
EURCHF 1.0362 1.0367
GBPJPY 180.35 180.42
GBPCHF 1.4464 1.4471
GOLD 1177.39 1177.99

Live help online

Click here

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.

Email Subscription

Michael Becker
Technical analysis
2015-04-24
5933
visited:
By the end of the last week, a bullish pullback towards 1.0750-1.0770 (neckline of the double-top pattern) took place. This week, EUR/USD bears failed to defend their recent supply zone between 1.0750-1.0800. Thus, invalidating the previously mentioned reversal pattern. The nearest bullish target should be located at 1.0950 - 1.0980 where the depicted reversal pattern was previously initiated....
Mohamed Samy
Technical analysis
2015-04-24
364
visited:
As anticipated, a daily closure above 1.5060 (50% Fibonacci level) ended the ongoing bearish momentum. Thus, exposing the next resistance level at 1.5170 (R2) for re-testing. Recently, the zone between 1.5000-1.5050 turned to be Intraday support when further re-testing takes place. On the other hand, price action should be watched carefully whithin retesting of the level of 1.5170 (R2) for a possible sell entry....
Felipe Erazo
Technical analysis
2015-04-24
266
visited:
The USDX is currently weak and it is looking to find a floor at the support level of 96.30. This could be possible in the next week, as the Index was rejected by the resistance zone at 97.83. But we are still supporting the idea of a rebound....
Felipe Erazo
Technical analysis
2015-04-24
277
visited:
GBP/USD is breaking the resistance zone around 1.5125 and now it is looking to reach the next upside target placed at 1.5238. This move is supported by the current short and medium term structure in the lower time frames...
Mohamed Samy
Technical analysis
2015-04-24
269
visited:
A daily fixation below 1.2300 clears the way for the USD/CAD pair towards the zone between 1.2050-1.2000 (where the projection target of the recent range breakout is located) and 1.1800 where the depicted weekly uptrend is roughly located. The price zone at 1.2320-1.2350 remains a significant Intraday resistance zone. This is exactly where price actions should be watched for a low-risk sell entry at re-testing....
Mourad El Keddani
Technical analysis
2015-04-24
1865
visited:
The double bottom of USD/CAD pair is likely to be set at 1.2087 in the hourly chart. Now, the pair is approaching to test it in order to start rising. So, the market is continuing to show signs of strength following the break at the level of 1.2087. Therefore, the USD/CAD pair resistance has broken and was turned to support since January 21, 2015 (look at the daily chart). The pair has already formed strong support at the level of 1.2087. Hence, the market indicates a bullish opportunity at the level of 1.2090 with the first target at 1.2170 and continues towards 1.2224. However, if the trend can break this level and close below 1.2080, then it will be a downside momentum rather convincing and the structure of the fall does not look corrective....
Ahsan Aslam
Technical analysis
2015-04-24
420
visited:
USD/JPY is expected to trade in lower range. It is undermined by the weaker dollar sentiment (ICE spot dollar index last 97.31 versus 98.04 early Thursday) on the back of a larger-than-expected fall in the US new home sales (versus forecast -3.5%) by 11.4% in March, more-than-expected 295,000 US jobless claims in a week ended April 18 (versus forecast 290,000), weaker-than-expected April Markit US flash manufacturing PMI at 54.2 (versus forecast 55.7). ...
Ahsan Aslam
Technical analysis
2015-04-24
275
visited:
USD/CHF is expected to trade in a lower range. It is undermined by the weaker dollar sentiment (ICE spot dollar index last 97.31 versus 98.04 early Thursday) on the back of a larger-than-expected fall in the US new home sales (versus forecast -3.5%) by 11.4% in March, more-than-expected 295,000 US jobless claims in a week ended April 18 (versus forecast 290,000), weaker-than-expected April Markit US flash manufacturing PMI at 54.2 (versus forecast 55.7) ,and franc demand on the retreating EUR/CHF cross. But USD/CHF losses are tempered by the negative Swiss interest rates, threat of the Swiss National Bank's CHF-selling intervention, and positions adjustment ahead of the weekend....
Mourad El Keddani
Technical analysis
2015-04-24
313
visited:
NZD/USD pair is likely to continue moving upwards from the level of 0.7542 (this level coincides with the 38.2% of Fibonacci retracement levels in the H1 chart). Accordingly, the pair is going to show signs of strength at the lowest price of 0.7542. It will be a good deal to buy above the level of 38.2% of Fibonacci retracement levels with the first target at 0.7580 and further at 0.7618 in order to test the double top (new project at the same time frame). We expect a new high of 0.7618 to act as strong resistance as it is going to be a good place to take profit. Briefly, if the trend succeeds to stay above 0.7542, the market will continue moving in the uptrend above the daily pivot point towards the level of 0.7618 to test the golden ratio of 61.8% Fibonacci retracement. ...
Ahsan Aslam
Technical analysis
2015-04-24
247
visited:
NZD/USD is expected to consolidate with a bearish bias after hitting a six-day low of 0.7535 on Thursday. Kiwi sentiment was hurt after RBNZ Governor John McDermott said the central bank is not considering any interest rate hikes at present and monetary policy should remain stimulatory for a prolonged period. NZD/USD is also weighed by the kiwi sales on buoyant AUD/NZD cross and soft dairy prices. But NZD/USD losses are tempered by the weaker dollar sentiment, positive investor risk appetite, and NZD-USD interest differential and positions adjustment ahead of weekend....
Petar Jacimovic
Technical analysis
2015-04-24
214
visited:
Strong buying pressure is observed on the market. Our Fibonacci retracement 61.8% at the level of 1.4290 is broken. The next resistance level is seen around1.4520. Be careful when selling and watch for potential buying opportunities after correction....
Ahsan Aslam
Technical analysis
2015-04-24
248
visited:
GBP/JPY is expected to trade in a higher range. It is undermined by less-dovish-than-expected minutes for the Bank of England MPC's meeting in April and positive investor risk appetite. But sterling sentiment is dented by a surprising 0.5% on-month drop in the UK retail sales in March (versus forecast +0.4% on-month), buoyant GBP/USD undertone, and demand from Japan importers. But GBP/JPY gains are tempered by the Japan export sales and positions adjustment ahead of the weekend....
Petar Jacimovic
Technical analysis
2015-04-24
289
visited:
Gold is trading in a range between $1,184.00 and $1,208.00. In case the price breaks up or down in a high volume, the direction will be confirmed....
Harsh Japee
Technical analysis
2015-04-24
807
visited:
Technical analysis and trading recommendations for Silver for April 24, 2015. Silver remains unchanged from yesterday. Now, it is trading around the level of $15.88....
Alexandros Yfantis
Technical analysis
2015-04-24
315
visited:
The Dollar index is starting the day very weak as short-term support at 97 was broken. The Dollar index is making a Head and Shoulders pattern and is testing the neckline support at 96.80 now. If this support is broken, we should expect more selling to follow and a push much lower than 96 in the index....
Alexandros Yfantis
Technical analysis
2015-04-24
350
visited:
Gold price was pushed up towards $1,195 as we had expected. It seems that the sideways movement is forming a triangle pattern. Traders should wait for a confirmed breakout above or below the triangle boundaries before taking any action....
Harsh Japee
Technical analysis
2015-04-24
308
visited:
Technical analysis and trading recommendations for Gold for April 24, 2015. Gold is still within the consolidation range between $1,182.00/85.00 and $1,207.00/09.00....
Sebastian Seliga
Wave analysis
2015-04-24
337
visited:
The corrective cycle in wave c purple is about to hit the anticipated target at the level of 129.94, just below the 78% Fibo at the level of 130.17. This is an area where the market is likely to reverse and continue lower. However any breakout higher would mean that the market is entering a bullish zone and the last swing high at the level of 131.30 might be tested. On the other hand, the key level to the downside is intraday support at the level of 128.95....
Sebastian Seliga
Wave analysis
2015-04-24
279
visited:
As anticipated yesterday the corrective cycle in wave c purple is in progress. As the market breaks all support levels and it is heading to test the swing low at the level of 1.2088. Please notice that the corrective cycle in wave 4 green is almost completed and the building bullish divergence on momentum oscillator supports this view. Nevertheless, some lower levels might be hit if the intraday support at the level of 1.2088 is violated. Next support is seen at the level of 1.20000. ...
Harsh Japee
Technical analysis
2015-04-24
658
visited:
Technical analysis and trading recommendations for EUR/JPY for April 24, 2014. The EUR/JPY pair moved through expected levels around 129.50/60....
1234567..1458>>