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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.

2014-10-24 20:34:41 GMT+00 1 Hour, 17 Minutes ago
USD/JPY is expected to trade in a higher range. It is underpinned by the positive USD sentiment (ICE spot dollar index last 85.82 versus 85.75 early Thursday) after four-week moving average for U.S. jobless claims fell 3,000 to 281,000 in week ended October 18, its lowest level since May 2000. USD/JPY is also supported by the higher U.S. Treasury yields (10-year at 2.277% versus 2.230% late Wednesday) and demand from Japan's importers, ultra-loose Bank of Japan's monetary policy and yen-funded carry trades amid positive investor risk appetite (VIX fear gauge eased 7.5% to 16.53) as U.S. stocks rose overnight (S&P 500 closed up 1.23% at 1,950.82).
2014-10-24 20:23:57 GMT+00 1 Hour, 27 Minutes ago
USD/CHF is expected to consolidate with a bullish bias after hitting a six-day high 0.9559 on Thursday. It is supported by the positive USD sentiment (ICE spot dollar index last 85.82 versus 85.75 early Thursday) after four-week moving average for U.S. jobless claims fell 3,000 to 281,000 on week ended October 18, its lowest level since May 2000. Dovish Swiss National Bank's monetary policy is taken into account as well.
2014-10-24 20:20:12 GMT+00 1 Hour, 31 Minutes ago
NZD/USD is expected to trade in a lower range. It is undermined by the wider-than-expected New Zealand September trade deficit of NZ$1.35 billion (versus forecast NZ$675 million deficit), positive USD sentiment and Kiwi sales on buoyant AUD/NZD cross.
2014-10-24 20:16:36 GMT+00 1 Hour, 35 Minutes ago
GBP/JPY is expected to trade in a higher range. It is supported by the improved GBP sentiment and demand from Japan's importers. But GBP/JPY gains are tempered by Japan's export sales and positions adjustment before the weekend.
Without author
2014-10-24 19:43:35 GMT+00 2 Hours, 8 Minutes ago
As shown in today's H4 chart, the pair failed again to break the Support level of 173.00 and is still trading between the Support level and below the Resistance level of 173.75.
Without author
2014-10-24 19:22:15 GMT+00 2 Hours, 29 Minutes ago
The 4H chart demonstrates that silver is going to take an upward move after its rebound from the Support level at 17.00 and currently is approaching the Resistance level of 17.30 trying to break it through to continue its bullish move
2014-10-24 19:08:21 GMT+00 2 Hours, 43 Minutes ago
A valid BUY position was previously suggested around the neckline of the bullish Head and Shoulders pattern (price level of 1.2660). On Wednesday, the market expressed quite strong bearish momentum that pushed below the lower limit of the channel. The bears have successfully pushed towards price zone of 1.2600-1.2620 (projection target of the double-top pattern). As anticipated, around this price zone, bullish recovery was expressed.
2014-10-24 18:48:43 GMT+00 3 Hours, 3 Minutes ago
The GBP/USD pair remains trapped between the backside of the channel (1.6020 ) and the price level of 1.6140. Breakout in either direction is necessary to take a position in the same direction of breakout. Until then, risky traders can take a BUY entry around 1.6010-1.6020. Stop Loss should be located below 1.5980.
Without author
2014-10-24 17:14:20 GMT+00 4 Hours, 37 Minutes ago
Potential end of a bearish corrective phase (ABCD). Be careful with mid-term selling EUR/NZD since we may see futher bullish movement. We got resistance level at the price of 1.6235. Be careful when selling and watch for potential buying opportunities after retracement.
Without author
2014-10-24 16:53:44 GMT+00 4 Hours, 58 Minutes ago
Our Fibonacci retracement 38.2% at the price of 1,227.00 is on the test. If the price breaks the level of 1,227.00, we may see testing the level of 1,210.00 (Fibonacci retracement 61.8%). Anyway, if we see larger reaction from buyers, bullish continuaiton phase will be possible.

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