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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.

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2014-08-22 19:42:49 GMT+00 12 Hours, 50 Minutes ago
Bearish corrective phase in progress, so be careful when buying EUR/NZD. If the price breaks the level of 1.5710, we may see potential testing the level of 1.5625.
2014-08-22 19:39:56 GMT+00 12 Hours, 53 Minutes ago
Bearish rejection should be anticipated after such a long bullish rally that originated off 1.0650 and 1.0710. Previously, around the price level of 1.0950, a Shooting-Star daily candlestick was expressed. This enhances the short-term bearish direction. Hence, a valid SELL position is anticipated at retesting which is taking place today. The initial bearish target is located around 1.0825. On the other hand, persistence of daily fixation above 1.0950 (50% Fibonacci level) enables the bulls to shoot towards 1.1020 and 1.1050 initially.
Without author
2014-08-22 19:08:53 GMT+00 13 Hours, 24 Minutes ago
Weak demand on the market, so be careful when buying Gold since we may see bearish continuation. We can see potential testing the level of 1,260.00 (Fibonacci expansion 100%).
2014-08-22 17:55:16 GMT+00 14 Hours, 38 Minutes ago
The GBP/USD pair has been down-trending for almost 20 days without significant correction. However, bullish recovery off price level of 1.6560 ( the lower limit of the channel ) maybe witnessed soon. Thus, any bullish fixation above 1.6680-1.6700 hinders the current steep trend allowing a deeper bullish correction to occur.
2014-08-22 17:51:46 GMT+00 14 Hours, 41 Minutes ago
The short-term bearish trend remains intact as long as the bears keep defending the price zone of 1.3420-1.3450. In case the bears keep applying significant bearish pressure, the EUR/USD pair has Intraday DEMAND zone located between 1.3235 - 1.3215 respectively (Fibonacci Expansion Levels). On the other hand, bullish fixation above 1.3440 is essential to acquire a momentum strong enough to initiate a bullish corrective move towards 1.3530.
2014-08-22 15:00:37 GMT+00 17 Hours, 32 Minutes ago
The market has been in a downtrend since yesterday and started dropping form the level of 1.6628. Also, it should be noted that the price of the GBP/USD pair opened below the weekly resistance 1 at the level of 1.6628. Additionally, the double top sets at 1.6622 in H1 chart. Therefore, the market will probably indicate a bearish opportunity at the level of 1.6622 or/and 1.6630 in the short term. According to the previous events, the price is going to move between the levels of 1.6622 and 1.6566. The level of 1.6566 is going to represent the double bottom and the strong support will be set at the 1.6554 level.
2014-08-22 14:49:03 GMT+00 17 Hours, 44 Minutes ago
The EUR/USD pair has already formed a strong resistance level of 1.3370. This level had already represented the last weekly resistance 1. This week coincides with the ratio of 50% Fibonacci retracement levels in the daily chart. Additionally, after it failed to close above 1.3370, the pair started signaling for the bearish market at this spot. Therefore, the pair will have a downside rather convincing momentum. The structure of the fall does not look corrective. In order to indicate a bearish opportunity below 1.3370 or 1.3330, it will a good idea to sell below this area with the first target of 1.3230 to test the double bottom
2014-08-22 14:01:47 GMT+00 18 Hours, 31 Minutes ago
This is the last chance scenario for bears impulsive count before the level of 138.02 will be violated and the impulsive count invalidated. Breakout below the golden trendline is the key for further downside move.
2014-08-22 13:52:55 GMT+00 18 Hours, 40 Minutes ago
As anticipated yesterday, the five wave impulsive structure looks completed. Now, it is correction time. There are at least two main shapes that this corrective structure might unfold and it all depends where green wave b will be finished. If green wave b will be completed below the key level at 1.0946, then the shape of the corrective cycle will be a zig-zag. If the wave will break out higher into the last swing high level, then the chances are high, that the corrective cycle will be in shape of a regular/irregular flat cycle. The main support level is at the weekly pivot at the level of 1.0901.
2014-08-22 13:27:41 GMT+00 19 Hours, 5 Minutes ago
Wave c of 2 lower to 1.5716 is devloping as expected. Once this wave 2 correction is over, we should be looking for a new implusive rally higher to 1.6205 and higher.

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