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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.

2014-10-01 15:37:57 GMT+00 1 Hour, 50 Minutes ago
The correction from 1.6446 has been deeper than initially expected, but we still think that support at 1.6135 will be able to protect the downside for a break above minor resistance at 1.6246 and more importantly above resistance at 1.6336, that will confirm the next impulsive rally higher to 1.6445 and higher to 1.6831.
2014-10-01 15:27:01 GMT+00 2 Hours, 1 Minute ago
The correction in red wave ii has almost hit the 61.8% corrective target at 137.89 and could be over, but we need a break above 138.80 to indicate that red wave iii is building.
2014-10-01 14:13:45 GMT+00 3 Hours, 14 Minutes ago
A bearish outlook of the EUR/USD pair on the 1st of October 2014. So, according to the previous events, the EUR/USD pair has still been moving between 1.2636 and 1.2571. The prices of 1.2636 and 1.2571 will represent the ratio of 50% Fibonacci retracement levels and the double bottom respectively. It should be noted that the key level is set at the level of 1.2620. Equally important, the resistance will be formed at the area of 1.2620 / 1.2636 levels. On the other hand, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above the last bearish wave (1.2640) at the price of 1.2675.
2014-10-01 13:49:18 GMT+00 3 Hours, 39 Minutes ago
A bearish outlook of the EUR/USD pair on the 1st of October 2014. So, according to the previous events, the EUR/USD pair has still been moving between 1.2636 and 1.2571. The prices of 1.2636 and 1.2571 will represent the ratio of 50% Fibonacci retracement levels and the double bottom respectively. It should be noted that the key level is set at the level of 1.2620. Equally important, the resistance will be formed at the area of 1.2620 / 1.2636 levels. On the other hand, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above the last bearish wave (1.2640) at the price of 1.2675.
Without author
2014-10-01 13:27:13 GMT+00 4 Hours, 1 Minute ago
The Dollar index made a new higher high yesterday as expected. The trend remains bullish and as I have mentioned in previous posts, the best strategy is to follow this trend and not bet against it. The pull backs are shallow and the tremendous strength of the Dollar is crushing everyone against it. The break out above 85 as we mentioned a few days ago was very important.
Without author
2014-10-01 13:07:07 GMT+00 4 Hours, 21 Minutes ago
Gold price had a very volatile session yesterday. It made a new lower low at $1,204 and then spiked up towards $1,220 and today is back down below $1,210. Selling pressures continue and do not let the precious metal push above resistance. The trend remains bearish and it is very probable to see a test of $1,180 very soon.
2014-10-01 13:00:03 GMT+00 4 Hours, 28 Minutes ago
The upward wave progressions developing as anticipated and the price keeps making higher highs as shown on the chart. Currently, the red cycle has not been completed yet as the market consolidates recent gains and it is getting ready to breakout to the upside again when the corrective cycle wave 4 red is completed. The target is at the level of 1.1275.
2014-10-01 12:42:19 GMT+00 4 Hours, 46 Minutes ago
The previous bullish impulsive count has been invalidated due to wave -1- and wave -2- overlaps. Currently, there are two possible counts with main one counting (a)(b)(c) three-wave sequence to the upside completed at the level of 141.20, and the alternative one (alt:(1), alt:(2)), that counts the possible impassive wave progression to the upside as a still possible. The recent retracement cycle has almost hit 61%Fibo at the level of 137.87 but it looks like the correction needs one more wave to the downside to complete the wave Z brown of the overall complex corrective cycle. The key level is a crucial zone to the upside, and only if this grey rectangular zone between the levels of 138.96 - 139.20 is clearly violated, bulls will regain control.
2014-10-01 11:42:02 GMT+00 5 Hours, 46 Minutes ago
Bullish pressure has been applied over resistance zone of 1.6400-1.6450 with significant bearish rejection being expressed. A key level for the bears is the recent weekly high around 1.6470. It should be defended by bears to maintain a successful bearish movement. If so, bearish targets are located around 1.6160 and 1.6080.
2014-10-01 11:34:20 GMT+00 5 Hours, 54 Minutes ago
Since July 15, bears initiated the manifested downtrend around 1.7180. This downside movement is maintained within the depicted bearish channel. Previous weekly bearish gap (about 150 pips) enabled bears to test 1.6058 when significant bullish recovery was manifested.

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