Forex analysis review

Materials presented in the “Forex analysis” section are provided by the international broker InstaForex. The section is regularly updated with the latest news, trends and forecasts provided by the professional analysts of InstaForex Company. Articles, market outlook and the current trend reviews are written with the help of fundamental, fractal, wave and technical analysis.

2016-04-29 21:13:28 GMT+00 7 Hours, 19 Minutes ago
Yesterday the GBP/JPY price hit the extension of the main support at 156.70, which forms a main obstacle to resuming negative attempts.
2016-04-29 21:10:54 GMT+00 7 Hours, 22 Minutes ago
The USD/JPY pair keeps declining strongly, approaching from our main awaited target at 106.63, which represents 38.2% Fibonacci for the rise measured from 75.55 to 125.84.
2016-04-29 21:05:36 GMT+00 7 Hours, 27 Minutes ago
The EUR/USD pair has opened with bullish bias today approaching from the key resistance that formed a strong obstacle to the price's recent positive attempts at 1.1420.
2016-04-29 21:03:24 GMT+00 7 Hours, 29 Minutes ago
Gold price continued its bullish rally yesterday and started today's trading with more positivity to reach the thresholds of the previously recorded top at 1282.92 which represents the first main suggested target in our previous reports
2016-04-29 20:59:57 GMT+00 7 Hours, 33 Minutes ago
It can be seen on the chart that the silver price succeeded to confirm breaching of the bullish channel's resistance after closing the daily candlestick above it
2016-04-29 15:55:58 GMT+00 12 Hours, 37 Minutes ago
The 15M time frame chart shows that EUR/NZD has strengthened. Be careful when selling EUR/NZD and watch for potential buying opportunities. Upward take profit level is set at 1.6380 level.
2016-04-29 15:40:34 GMT+00 12 Hours, 52 Minutes ago
There is strong upward momentum on the market. Selling gold at this stage looks risky. My advice is to watch for buying opportunities on the dips. Take profit level is set at the price of $1,280.50 - $1,283.50.
2016-04-29 15:27:42 GMT+00 13 Hours, 5 Minutes ago
This week, bullish persistence above 0.6850 (recent support) is mandatory to maintain enough bullish momentum in the market. The NZD/USD traders should consider the recent bearish pullback towards 0.6850 as a valid signal to BUY the pair. Bullish targets are to be located at 0.6960, 0.7050, and 0.7150. On the other hand, daily persistence below the 0.6850 level enhances a quick bearish movement towards 0.6750 where another BUY entry with a better risk/reward ratio can be offered (Low Probability).
2016-04-29 15:16:14 GMT+00 13 Hours, 17 Minutes ago
The Dow Jones spot closed at 17,830 levels yesterday,lower by almost 200 points. The index seems to have carved out a lower top at 18,000/100 levels on April 27, 2016 and is looking to print lower lows.
2016-04-29 15:09:55 GMT+00 13 Hours, 23 Minutes ago
Since March 18, the USD/CAD pair was trapped within the consolidation range between 1.3300 and 1.2970 until a bearish breakout took place on April 11. Traders who missed the initial entry around 1.3300 were instructed to consider the recent pullback towards 1.2975 (61.8% Fibonacci level) as a valid signal to sell the USD/CAD pair. This trade is currently running in profits. The USD/CAD pair should keep trading below 1.2800 and 1.2650 (recent support levels) in order to reach the next support level located at 1.2400 where price action should be watched for a possible bullish pullback.