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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.

2014-07-22 20:43:06 GMT+00 5 Hours, 40 Minutes ago
The price levels of 1.7050 constitute a significant support level to meet the pair on its way downwards. It's also the key level to determine how deep a bearish correction can go before resuming the bullish momentum. The GBP/USD pair remains trapped roughly between 1.7170 and 1.7050 (which is being tested today). Breakout in either direction is needed to pursue towards further targets. The bears have already visited 1.7040. Daily closure should be considered. The bears have potential bearish target around 1.6970. However, traders should consider price level of 1.7000 (Important Psychological level).
2014-07-22 20:37:01 GMT+00 5 Hours, 46 Minutes ago
A pattern of multiple-tops was confirmed after breakdown of the depicted bullish channel. Moreover, the first bearish target was hit around 1.7055. To avoid possible sudden reversals, bearish targets should be located at 1.7055 and 1.7000 where obvious demand levels are located. On the other hand, risky traders may keep their SELL positions until the price level of 1.6965 where the next prominent Demand Level is located.
2014-07-22 20:30:43 GMT+00 5 Hours, 52 Minutes ago
The bears have already pushed towards 1.3460 which showed immediate bullish recovery. Bullish pressure may be applied around the current prices provided that the bears fail to fixate below 1.3500 on the daily basis. However, the current short-term trend remains bearish towards 1.3420 until proven otherwise.
Without author
2014-07-22 19:53:18 GMT+00 6 Hours, 29 Minutes ago
From the today's H4 chart, silver is still stabilizing above the Support level of 20.75 and could not break it. Currently, it is bouncing from it towards the Resistance level of 21.00.
Without author
2014-07-22 19:41:17 GMT+00 6 Hours, 41 Minutes ago
In the 4H chart, closing below the Resistance level of 173.30 gives the price an opportunity for a slightly bearish move again
Without author
2014-07-22 17:53:44 GMT+00 8 Hours, 29 Minutes ago
USD/JPY is expected to trade in a higher range. It is supported by the broadly firmer USD undertone (ICE spot dollar index last 80.56 versus 80.51 early Monday) as the greenback benefited from haven flows amid the geopolitical concerns as the West threatened further international sanctions on Russia over the Ukraine conflict. Besides, violence is unfolding in the Middle East.
Without author
2014-07-22 17:51:18 GMT+00 8 Hours, 31 Minutes ago
USD/CHF is expected to trade in a range. It is supported by the broadly firmer USD undertone as well as dovish Swiss National Bank's monetary policy. But USD/CHF upside move is limited by the flows to haven CHF amid escalating geopolitical concerns.
Without author
2014-07-22 17:49:42 GMT+00 8 Hours, 33 Minutes ago
NZD/USD is expected to trade in a lower range. It is undermined by the subdued investor risk appetite and broadly firmer USD undertone. But NZD/USD losses are tempered by the NZD-USD interest differential.
Without author
2014-07-22 17:47:42 GMT+00 8 Hours, 35 Minutes ago
GBP/JPY is expected to trade in a range. It is undermined by the increased risk aversion and Japanese export sales. But downside move of GBP/JPY is limited by the buoyant USD/JPY undertone and demand from Japanese importers.
Without author
2014-07-22 16:20:24 GMT+00 10 Hours, 2 Minutes ago
Sideways market. Be careful with buying EUR/NZD at this stage since we may see downward movement and potential testing the level of 1.5460. Watch for potential selling opportunities after retracement.

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