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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.

2014-10-31 22:02:31 GMT+00 2 Hours, 47 Minutes ago
The SELL entry anticipated around 1.2730-1.2760 is running in profits now. Stop Loss can be lowered to 1.2640 and partial exit can be considered to secure some of the achieved profits. Daily closure below 1.2500 can give another SELL signal for risky traders. Stop Loss to be set as daily closure again above the entry levels with target levels located at 1.2440 then 1.2370.
Without author
2014-10-31 20:31:39 GMT+00 4 Hours, 18 Minutes ago
Absorption volume in the background. Be careful when buying EUR/NZD at this stage since we may see more downward movement. We got resistance levels at the price of 1.6071 and 1.6140. Watch for potential selling opportunities after retracement.
Without author
2014-10-31 20:09:02 GMT+00 4 Hours, 41 Minutes ago
Strong supply in a very high volume on the market. As we expected, the price tested the level of 1,161.06 in a very high volume. Be careful when mid-term buying gold since we may see more downward movement. We got support level at the price of 1,147.00 (major Fibonacci expansion 161.8%).
2014-10-31 19:19:10 GMT+00 5 Hours, 31 Minutes ago
The failure to break above resistance at 1.6263 and the following strong decline below 1.6000 is confusing. At this point we have no clear count. We still prefer the bullish count, but the question is, what kind of detours are needed before the rally will continue higher.
2014-10-31 18:54:19 GMT+00 5 Hours, 55 Minutes ago
The unexpected QE by BOJ has propelled the JPY lower. Now, the rally from 134.14 is displaying impulsive characters calling for a continuation higher. Therefore, we are likely to see resistance at 141.22 broken to confirm, that the entire correction from 145.69 is over and the impulsive rally higher is developing.
2014-10-31 18:23:31 GMT+00 6 Hours, 26 Minutes ago
USD/JPY is expected to consolidate with a bullish bias after hitting a three-week high 109.46 on Thursday. USD/JPY is underpinned by the report that Japan's $1.2 trillion Government Pension Investment Fund plans to lower its target allocation for domestic bonds from nearly 60% now to 35% (versus market expectations of reduction to 40%) over the medium to long term, the positive dollar sentiment (ICE spot dollar index last 86.15 versus 85.98 early Thursday) after slightly more-hawkish-than-expected policy statement from the Federal Reserve on Wednesday and stronger-than-expected 3.5% annual growth in U.S. 3Q GDP (versus forecast +3.1%), although details to the report were less rosy; 250 drop in four-week moving average for U.S. initial jobless claims to 281,000 in week ended Oct. 25, the lowest average reading since May 2000.
2014-10-31 18:16:34 GMT+00 6 Hours, 33 Minutes ago
USD/CHF is expected to consolidate after hitting a three-week high 0.9613 on Thursday. CHF sentiment is boosted by the stronger-than-expected Switzerland October KOF economic barometer of 99.8 (versus forecast 98.2). USD/CHF is also weighed by the franc demand on buoyant CHF/JPY cross.
2014-10-31 18:09:43 GMT+00 6 Hours, 40 Minutes ago
NZD/USD is to trade in a lower range. The pair is supported by the positive dollar sentiment (ICE spot dollar index last 86.15 versus 85.98 early Thursday) after slightly more-hawkish-than-expected policy statement from the Federal Reserve on Wednesday; stronger-than-expected 3.5% annual growth in U.S. 3Q GDP (versus forecast +3.1%), although details to the report were less rosy; 250 drop in four-week moving average for U.S. initial jobless claims to 281,000 in week ended Oct. 25, the lowest average reading since May 2000, Kiwi sales on buoyant AUD/NZD cross, and positions adjustment before the weekend.
2014-10-31 18:00:25 GMT+00 6 Hours, 49 Minutes ago
GBP/JPY is expected to trade with a bullish bias. It is supported by the positive risk sentiment and demand from Japanese importers. GBP/JPY is underpinned by the report that Japan's $1.2 trillion Government Pension Investment Fund plans to lower its target allocation for domestic bonds from nearly 60% now to 35% (versus market expectations of reduction to 40%) over the medium to long term
Without author
2014-10-31 14:19:10 GMT+00 10 Hours, 31 Minutes ago
The Dollar index after back testing the break out area at 86 yesterday, has managed to stage another rally towards previous highs which are now being tested. The trend is bullish and I remain bullish following the bullish flag pattern I have posted several times before.

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