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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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Hossam Soliman Ali
Technical analysis
2016-02-05
162
visited:
The gold price confirmed a breach of the 1,150.56 level after closing the daily candlestick above it, heading to extend the bullish wave on the short-term basis, with the main target at 1,182.80....
Sebastian Seliga
Fundamental analysis
2016-02-05
118
visited:
In its recent monetary policy statement, the Reserve Bank of Australia expressed concern about the domestic economy in the light of the global financial turmoil. The main concern for the RBA is still the uncertain situation in China, which is Australia's biggest trade partner. Moreover, the other problem was seen in the mining sector, but here the RBA governor was more optimistic mainly due to a robust demand for jobs in that sector. At the end, the RBA made no significant changes to its prediction for the GDP growth from its November statement, expecting the domestic economy to grow at an average pace of 2.5% in 2016 and 3% in 2017. In conclusion, the statement was made on more positive note than the last one, despite all the concerns expressed. Nevertheless, in my opinion, the situation in Australia is highly fragile as any stronger headwind in China will call for firmer actions than the current wait-and-see mode. ...
Hossam Soliman Ali
Technical analysis
2016-02-05
114
visited:
According to the attached H4 chart, the silver price is heading from 50% Fibonacci level for the bearish wave located at 15.00 in the image, waiting to breach this level and head towards the next correctional level at 15.30....
Sebastian Seliga
Fundamental analysis
2016-02-05
115
visited:
Mixed data has been released this afternoon regarding the US job market. The NFP number was lower than market expectations at 151 K vs. 190K and 262K prior. Nevertheless, the unemployment rate dropped to the level of 4.9% from 5.0% a month ago. The average hourly earning increased to 0.5% m/m (2.5% y/y) from 0.3% (2.2% y/y) last month. In conclusion, the data were not that bad to spark sell-offs on the market, but the data-depended Fed might now have a tough problem to consider the employment change to be well below the expectations. The further rate hikes might now be seriously questioned. ...
Mohamed Samy
Technical analysis
2016-02-05
125
visited:
After a strong bullish rally, the NZD/USD pair is facing a significant resistance zone extending between 0.6700 and 0.6750. Any signs of bearish pressure should be considered a sell signal. Initial T/P levels are located at 0.6650 and 0.6600....
Mohamed Samy
Technical analysis
2016-02-05
129
visited:
As we expected, valid sell entries were suggested around 1.4650 (141.4% Fibonacci expansion) and around 1.4120 (Fibonacci Expansion 100%). Both positions are running in profits. Now S/L should be lowered to 1.4050 to secure our profits, while the next T/P levels remain at 1.3650,1.3500, and 1.3420. Conservative traders should wait for a bearish pullback towards the zone of 1.3370-1.3400 as a valid buy entry. S/L should be located below 1.3320....
Petar Jacimovic
Technical analysis
2016-02-05
87
visited:
Fibonacci retracement 61.8% at the level of 1.6750 held successfully. In the H4 time frame, I found evening star formation (bearish formation). Be careful when buying EUR/NZD at this stage and watch for potential selling opportunities. The key support level is set at 1.6515....
Petar Jacimovic
Technical analysis
2016-02-05
154
visited:
Gold is in a strong upward trend. Be careful when selling and watch for potential buying opportunities on dips. Strong intraday support level is set around the $1,156.50....
Harsh Japee
Technical analysis
2016-02-05
136
visited:
Gold has made yet another high around $1,160.00 today. The metal is facing resistance at the intermediary trend line as depicted on the chart....
Viktor Bajer
Technical analysis
2016-02-05
127
visited:
The EUR/AUD pair is still in a bullish trend. ...
Harsh Japee
Technical analysis
2016-02-05
113
visited:
The EUR/JPY pair bounced lower, off the resistance trend line around the levels of 132.00/25 earlier. The pair reached interim lows at 130.00 and is trading higher....
Harsh Japee
Technical analysis
2016-02-05
103
visited:
The GBP/CHF pair is finally dropping lower after reaching highs around the level of 1.4750. The pair is trading closer to 1.4400 now....
Mourad El Keddani
Technical analysis
2016-02-05
137
visited:
The USD/CHF pair has dropped sharply from the level of 1.0020 towards 0.9910. Now, the price is set at 0.9915 to act as a daily pivot point. It should be noted that volatility is very high for that the USD/CHF pair is still moving between 1.0020 and 0.9841 in coming hours. Furthermore, the price has been set below the strong resistance at the levels of 1.0075 and 1.0020, which coincides with the 61.8% and 50% Fibonacci retracement level respectively....
Michael Becker
Technical analysis
2016-02-05
141
visited:
In our previous articles, traders were advised to take a valid buy entry when GBP/USD bulls managed to achieve a daily closure above the level of 1.4220 then above 1.4360. S/L should be moved to 1.4550 to secure our profits. On the other hand, risky traders can have a valid sell entry anywhere around 1.4620. S/L would be set as a daily candlestick closure above 1.4630....
Michael Becker
Technical analysis
2016-02-05
150
visited:
However, a bullish breakout above the depicted consolidation range was executed. Hence, a quick bullish movement took place towards 1.1200 where previous daily bottoms are located on the chart. Trading Recommendations: Risky traders should watch for any signs of a bearish rejection around 1.1200 as a sell signal for a counter-trend position. S/L should be set as a daily candlestick closure above 1.1250. On the other hand, conservative traders should wait for a bearish pullback towards the backside of the previous consolidation range around 1.1000 to buy the EUR/USD pair....
Mourad El Keddani
Technical analysis
2016-02-05
138
visited:
The NZD/USD pair is going to continue to rise from the level of 0.6678 in the long term. It should be noted that the support is established at the level of 0.6678 which represents the 61.8% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same time frame. Accordingly, the NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.6678....
Ahsan Aslam
Technical analysis
2016-02-05
92
visited:
USD/JPY is expected to trade in a lower range. Overnight, the US stocks added to their gains as the rally in commodity shares continued. Buying activity was also seen in transportation and semiconductor sectors, while the consumer staples sector was under pressure. The Dow Jones Industrial Average added 0.5% to 16416, the S&P 500 edged up 0.2% to 1915, while the Nasdaq Composite was up 0.1% to 4509....
Ahsan Aslam
Technical analysis
2016-02-05
98
visited:
USD/CHF is under pressure now. We expect it to trade in a lower range with key resistance at 0.9990. The pair continued on its downward path while being capped by the descending 20-period moving averages. The relative strength index stays below the neutrality level of 50 lacking upward momentum. The intraday outlook is still very bearish and the pair should test the first downside target at 0.9870 (around the low of January 8). Only a breakout above the key resistance at 0.9990 (a level of over-lapping support and resistance, and around the 50-period moving average) would turn the intraday outlook bullish....
Ahsan Aslam
Technical analysis
2016-02-05
101
visited:
NZD/USD is expected to trade in a lower range. The pair stays above its rising 50-period moving average and remains on the upside. The relative strength index is around the neutrality level of 50 lacking downward momentum. Further upside is therefore expected with the next horizontal resistance and overlap set at 0.6770 at first. A breakout above this level would call for a further advance toward 0.6820....
Ahsan Aslam
Technical analysis
2016-02-05
146
visited:
GBP/JPY is under pressure now. The pair has retreated from its key resistance at 171.25 and remains on the downside. The 20-period moving average has just crossed below the 50-period one, and the relative strength index is negatively oriented. The first target to the downside is set at the horizontal support and overlap at 168.90. A breakout below this level would open the way to further weakness toward 168.10....
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