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  Symbol Bid Ask
EURUSD 1.0768 1.0771
GBPUSD 1.4832 1.4835
USDJPY 119.57 119.6
USDCHF 0.9663 0.9666
USDCAD 1.2615 1.2618
EURJPY 128.77 128.8
EURCHF 1.0405 1.041
GBPJPY 177.34 177.41
GBPCHF 1.4332 1.4339
GOLD 1203.62 1204.22

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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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Petar Jacimovic
Technical analysis
2015-04-01
1510
visited:
Whave demand in a high volume on the market. Resistance level is around the price of $1,205.00 to $1,219.00. If the price breaks this level, we may see possible testing of the level of $1,244.00 (Fibonacci retracement 61.8%)....
Petar Jacimovic
Technical analysis
2015-04-01
246
visited:
Be careful when selling EUR/NZD at this stage since we may see an upward movement. If the price breaks the level of 1.4500, we may see possible testing of the level of 1.4580. Watch for buying opportunities on the dips....
Mohamed Samy
Technical analysis
2015-04-01
970
visited:
Recently, GBP/USD bulls managed to defend the recent bottom at 1.4700. Evident bullish rejection was expressed around 1.4630 resulting in the formation of a bullish head and shoulders reversal pattern. Fixation above 1.4980-1.5000 (neck-line) is likely to extend the pattern's projection target towards 1.5200. Otherwise, the GBP/USD pair remains in the long-term downtrend as depicted on both the daily and weekly charts. If so, bearish breakdown of 1.4700 is needed to resume this bearish scenario....
Mohamed Samy
Technical analysis
2015-04-01
306
visited:
Last week, the resulting weekly candlestick came strongly positive (bullish hammer) closing above the price level of 1.2550 (mid-zone of the consolidation range) that failed to provide enough resistance for the pair. This enhances the bullish side of the market. The next resistance level, is located at 1.2790 (almost reached today), hence the next target to meet the pair, . A weekly closure above 1.2750 (upper limit of the current consolidation range) is mandatory to pursue towards higher projection targets....
Michael Becker
Technical analysis
2015-04-01
234
visited:
The area around 1.4960-1.5000 was expected to provide supply at retesting as it corresponds to the upper limit of the long-term depicted channel, 38.2% Fibonacci level, and a broken weekly demand, which goes back to January 2015. Transient sideway movement with slight bearish tendency is being expressed on the daily chart. Note that daily persistence above the level of 1.5090 (50% Fibo level) confirms the bullish flag pattern. Estimated targets are projected towards 1.5150 then 1.5380. ...
Michael Becker
Technical analysis
2015-04-01
264
visited:
As anticipated, after such a long bearish rally (which started off 1.1300) bullish rejection was around 1.0570 (monthly demand level). Daily persistence above the price zone around 1.0850-1.0860 (recent demand zone) must maintain the bullish corrective movement towards 1.1100 where a long-term sell position can be offered. However, a daily closure below 1.0850 (took place on Monday) invalidates the bullish correction, bringing the EUR/USD pair back towards 1.0650-1.0600 (weekly low). ...
Ahsan Aslam
Technical analysis
2015-04-01
258
visited:
USD/JPY is expected to consolidate after hitting a seven-day high of 120.37 on Tuesday. It is underpinned by the broadly firmer dollar undertone (ICE spot dollar index last 98.43 versus 97.94 early Tuesday) on the back of Fed's Lacker's comment that there is a "strong case" for the US central bank to begin raising short-term interest rates at its policy meeting in July and stronger-than-expected US Conference Board March consumer confidence index of 101.3 (versus forecast 96.8). USD/JPY is also supported by the demand from Japan importers and ultra-loose Bank of Japan's monetary policy....
Ahsan Aslam
Technical analysis
2015-04-01
441
visited:
USD/CHF is expected to consolidate with bullish bias after hitting a six-day high of 0.9760 on Tuesday. It is underpinned by the broadly firmer dollar undertone (ICE spot dollar index 98.43 versus 97.94 early Tuesday) on the back of Lacker's comment that there is a "strong case" for the US central bank to begin raising short-term interest rates at its policy meeting in June and stronger-than-expected US Conference Board March consumer confidence index of 101.3 (versus forecast 96.8), the franc sales on soft CHF/JPY cross, negative Swiss interest rates, and threat of the Swiss National Bank CHF-selling intervention....
Ahsan Aslam
Technical analysis
2015-04-01
263
visited:
NZD/USD is expected to consolidate with bearish bias after hitting a seven-day low of 0.7454 on Tuesday. It is undermined by the broadly firmer dollar undertone and weak commodity prices (CRB spot index closed 1.12% down at 211.85 on Tuesday) and the kiwi sales on soft NZD/JPY amid subdued investor risk appetite. But NZD/USD losses are tempered by the kiwi demand on soft AUD/NZD cross....
Ahsan Aslam
Technical analysis
2015-04-01
264
visited:
GBP/JPY is expected to consolidate with bearish bias. It is undermined by weak GBP/USD undertone, increased investor risk aversion, and Japan exporter sales. But GBP/JPY losses are tempered by the demand from Japan importers. Sterling sentiment is boosted by the stronger-than-expected UK Final Q4 GDP revised higher to +0.6 q/q, +3.0% y/y (versus forecast +0.5 q/qr, +2.7% y/y)....
Felipe Erazo
Technical analysis
2015-04-01
220
visited:
The USDX continues to be favored by the current bullish momentum that is having, as the instrument tries to reach the resistance level of 99.12, in order to make a breakout and later to consolidate again above the key resistance zone of 100.00...
Felipe Erazo
Technical analysis
2015-04-01
303
visited:
At the daily chart, bears remain in the control of the GBP/USD overall trend, thanks to the current price action. That is forming bearish patterns. The downside target is still located at the support zone of 1.4649....
Mourad El Keddani
Technical analysis
2015-04-01
1495
visited:
The USD/CAD pair started showing signs of bullish market, hence the market indicates the bullish opportunity at the level of 1.2650 with the first target at 1.2731, and continues towards the level of 1.2777 again. Also, it should be noted that the double top is likely to be set at 1.2777. On the other hand, the stop loss should always be taken into account. Thus, to set your stop loss at the 1.2614 price is going to be wise decision. Moreover, the level of 1.2777 represents strong resistance because the same level is coinciding with the 88.2% Fibonacci retracement levels. Consequently, the pair is going to form strong resistance at the spot of 1.2777/1.2770. ...
Mourad El Keddani
Technical analysis
2015-04-01
300
visited:
The NZD/USD pair will move between 0.7355 and 0.7495. Additionally, it should be noted that minor support is going to be set at the level of 0.7375. Moreover, the level of 1.2649 represents the pivot point on April 1, 2015. Equally important resistance is likely to be set at 0.9495 and the double top is set at the same level too. Therefore, sell at the price of 0.9495 with the first target at 0.9412, then it will move towards 0.7375 in order to test the first support which coincides with the ratio of 38.2% Fibonacci retracement. On the other hand, if the trend fails to close below weekly support 1 at the level of 0.7375, hence buy above 0.7370 with target at 0.7490 in days to come. ...
Alexandros Yfantis
Technical analysis
2015-04-01
1011
visited:
The Dollar index remains in a short-term uptrend. It is trying to break above short-term resistance at 98.50 by the Ichimoku cloud. The low of 96 are huge support for the short- and medium-term trends. As long as we trade above these levels, we should expect new highs....
Sebastian Seliga
Wave analysis
2015-04-01
651
visited:
The wave progression is developing as anticipated with the first impulsive wave to the upside already in place and ongoing corrective cycle. The main count indicates one more wave down in order to complete a simple abc purple correction and then uptrend resumption. The first projected target for correction completion is at the level of 1.2561. This count is invalidated only when the level of 1.2387 is violated. The mid-term outlook for swingtraders is still bullish as there are uncompleted impulsive waves to the upside. ...
Alexandros Yfantis
Technical analysis
2015-04-01
404
visited:
Gold price has bounced off support at $1,180 but the bounce is not as strong as bulls would like. The price remains inside the Ichimoku cloud implying the short-term trend has changed from bearish to neutral but not to bullish. Gold price remains in a longer-term bearish trend....
Sebastian Seliga
Wave analysis
2015-04-01
476
visited:
The count had been slightly changed to indicate another possible labeling in the overall unfinished corrective structure. In this count, wave X brown hasn't been finished yet and the market is in the last stage of completing correction of wave c green. Please notice that three zones (bullish, neutral, and bearish) are moving as well and as long as the price is staying inside the yellow range zone. The corrective cycle in wave X brown might get more complex and time consuming. Only an impulsive breakout above the level of 130.37 would change the mid-term outlook for more bullish. ...
Torben Melsted
Wave analysis
2015-04-01
293
visited:
The correction from 1.4457 moved lower than expected and terminated at 1.4310, but the quick return into the base-channel indicates underlying strength. In the near term, we will be looking for a break above resistance at 1.4457 for a continuation higher to 1.4595. Now, a break above the base-channel resistance line near 1.4662 is likely to cause acceleration higher. ...
Torben Melsted
Wave analysis
2015-04-01
319
visited:
EUR/JPY continues to move lower, but we still need a break below important short-term support at 128.33 to confirm a new test of 126.87 and more importantly new lows near 125.98. ...