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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.

2016-02-09 20:03:57 GMT+00 10 Hours, 24 Minutes ago
After a quick bullish rally, the NZD/USD pair faced a significant resistance zone between 0.6700 and 0.6750. Evident signs of bearish pressure were considered a sell signal. Initial T/P levels are located at 0.6600 and 0.6500. A valid BUY entry may be offered to conservative traders around 0.6490.
2016-02-09 19:44:22 GMT+00 10 Hours, 44 Minutes ago
Recent bullish recovery was manifested around the level of 1.3750. That is why the current bullish pullback is being expressed towards 1.4000 again. The level of 1.4120 (Fibonacci Expansion 100%) remains a significant key level to be watched for price reaction. It may offer a valid sell entry to the current bullish pullback which is taking place this week. On the other hand, the price zone of 1.3370-1.3400 remains a significant support zone to be watched for a valid buy entry if enough bearish momentum is maintained below the prominent weekly support (1.4000).
2016-02-09 19:09:04 GMT+00 11 Hours, 19 Minutes ago
Bullish persistence above 1.4360 was mandatory to maintain enough bullish strength in the market. The first bullish target around 1.4615 already reached. On February 4, the market failed to close above 1.4615. However, an inverted hammer daily candlestick was expressed. Hence, a bearish pullback towards 1.4360 is being expressed. This is where another valid buy entry can be offered.
2016-02-09 19:04:48 GMT+00 11 Hours, 23 Minutes ago
The H1 chart is still showing continuation of bearish trend below the 200 SMA. Importantly, a strong support zone was formed around the 96.40 level which was tested several times during the last few sessions
2016-02-09 19:03:39 GMT+00 11 Hours, 24 Minutes ago
GBP/USD continues to trade in a corrective phase and the resistance level of 1.4436 is still strong. The 200 SMA placed over there is acting as dynamic resistance and maybe we will see another pullback to re-test the level of 1.4369.
2016-02-09 18:44:16 GMT+00 11 Hours, 44 Minutes ago
An intraday upward trend is seen in the market. Be careful when selling EUR/NZD and watch for potential buying opportunities on dips. The resistance level is seen at 1.7260.
2016-02-09 18:41:29 GMT+00 11 Hours, 47 Minutes ago
A bearish breakout has been executed above a consolidation range extending between 1.1000 and 1.0800. Hence, a quick bullish movement took place towards 1.1200 where previous daily bottoms are depicted in the daily chart. Risky traders should consider signs of a bearish rejection around 1.1200 a sell signal for a counter-trend position. On the other hand, a low risky buy entry can be offered if a bearish pullback occurs towards the recently-broken consolidation range.
2016-02-09 18:19:54 GMT+00 12 Hours, 8 Minutes ago
An intraday bearish corrective phase is in progress. I found an downward channel (potential bullish flag) in he M30 time frame. Watch for a potential breakout of the channel to confirm further continuation upwards. the intraday resistance level is seen at $1,200.45.
2016-02-09 17:40:17 GMT+00 12 Hours, 48 Minutes ago
NZD/CHF is very likely to continue to fall.
2016-02-09 17:18:57 GMT+00 13 Hours, 9 Minutes ago
Another problem for oil producers is wildly commented by the financial media. It is all about the US oil storage capacity that is currently at the critical level. For example, the storage tanks at Cushing, Oklahoma, are edging closer to their limits. The storage capacity of all seven tanks is 73.014 million barrels and they are 88% full already. This storage tanks in Cushing are responsible for 13% of the US oils inventories according to the Energy Information Administration. It looks like the US oil industry might run out of space soon and building new oil tanks might be time-consuming and not much cost-effective. In conclusion, we can clearly see more problems in the industry that suffers from a 70% drop in prices over the last year and a half.

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