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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.

2014-09-17 13:53:49 GMT+00 2 Hours, 38 Minutes ago
The price of GBP/USD pair will probably move between 1.3660 and 1.3585 today. We expect a new range about 75 pips as maximum today (the risk of 50 pips must make a profit of 75 pips). Moreover, it should be noticed that the key level is set at the level of 1.6200 (the weekly pivot point is set at the level of 1.6198). Equally important, the value of 38.2% Fibonacci retracement levels is 1.6221; for that the supports stand around this spot for a while in H1 chart. Therefore, it will be a good sign to buy above this spot 1.6200 - 1.6221 with the first target of 1.6300. It will call for uptrend in order to continue its bullish movement towards 1.6344 in order to test the double top. Also, it should be noted that the level of 1.6344 is coinciding with the ratio of 61.8% Fibonacci retracement levels. On the other hand, the stop loss should never exceed your maximum exposure amounts,
2014-09-17 13:35:02 GMT+00 2 Hours, 57 Minutes ago
Due to the previous events, the price is still between the levels of 1.3009 and 1.2933, so it is recommended to be careful while making deals in this area. Also, It should be noted that the market showed the signs of instability because the trend movement was controversial as it took place in the narrow sideways channel. So, the market was in an uptrend for a short term. Moreover, it might be noticed that the price of EUR/USD pair has been rebounding higher towards the level of 1.2973. Also, note that we expect a range of 70 pips today and the level of 1.2933 will act as the key level to confirm the bullish market. Therefore, buy above the level of 1.2933 (1.2929: 23.6% of Fibonacci retracement levels), with the first target of 1.2983, it might resume to the 1.3009.
Without author
2014-09-17 12:31:01 GMT+00 4 Hours, 1 Minute ago
The Dollar index has made a spike below 84 yesterday only to pull back inside the sideways consolidation. This fake break down has delayed the start of a new move in the Dollar index as price remains inside the triangle pattern.
Without author
2014-09-17 12:24:57 GMT+00 4 Hours, 7 Minutes ago
Gold price is holding above short-term support but also below short-term resistance. This sideways action is expected to end soon and tonight after the FOMC the latest we should know the direction of the new move we soon expect to start in Gold.
2014-09-17 11:28:13 GMT+00 5 Hours, 4 Minutes ago
Until the price closes below 1.3060, selling on an upmove will be preferable in the near term. Fresh selling will trigger below 1.2924 towards 1.2909
2014-09-17 10:21:59 GMT+00 6 Hours, 10 Minutes ago
The price closed far below 35DEMA and 12ema and represents some weakness on an hourly basis. We recommend fresh selling only below 1.0965 for a downside target 1.0956, 1.0934, and 1.0920. Safe traders can sell below 1.0967.
Without author
2014-09-17 08:35:59 GMT+00 7 Hours, 56 Minutes ago
The USDX continues trying to form a bullish pattern below the strong resistance level of 84.29. Now, the USDX could fall to the support level of 83.74 in the next few days, because this instrument is performing corrective movements in this chart.
Without author
2014-09-17 08:34:14 GMT+00 7 Hours, 58 Minutes ago
The GBP/USD has consolidated above the support level of 1.6235, as this pair has tried to recover from the deep slump which has seen several days. If the GBPUSD manages to make a breakout at the level of 1.6326, it is expected to rise to the level of 1.6447
2014-09-17 07:52:54 GMT+00 8 Hours, 39 Minutes ago
The hourly Stochstics is indicating a small positive divergence. We recommend selling only below 0.93 for a downside target at 0.9286, 0.9260, maybe 0.9220.
Arief Makmur
2014-09-17 07:41:31 GMT+00 8 Hours, 51 Minutes ago
When the European market opens, some economic news will be released such as Italian Trade Balance, Final CPI y/y, Final Core CPI y/y. The US will release the economic data too such as the CPI m/m, Core CPI m/m, Current Account, NAHB Housing Market Index, Crude Oil Inventories, Federal Funds Rate, so amid the reports, EUR/USD will move with medium volatility during this day. TODAY TECHNICAL LEVELS: Breakout BUY Level: 1.3021. Strong Resistance

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