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Friday, July 22, 2016

DAILY fixation above 1.2980 (61.8% Fibonacci level) allows a quick bullish .. Read more ..rate USD/CAD

Daily  Report USD/CAD by  instaforex


On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of significant bearish rejection was manifested during recent consolidations.

Current price action favors bulls and increases the chances of an upward breakout as long as the price is... Read more .. USDX

Daily  Report USDX by  instaforex


The Dollar index is trading above the breakout area at 96.70. The price came back down to re-test the breakout area after being rejected at 97.30, where the longer-term upper channel boundary is found. 

USD/CHF is expected to trade with a bullish bias above 0.9825. Read more ..

Daily  Report USD/CHF by  instaforex


USD/CHF is expected to trade with a bullish bias above 0.9825. The technical picture remains positive above its key support at 0.9825, which should limit downward attempts.

The price is trading below all moving averages and below the trend line.. Read more .. rate EUR/USD

Daily  Report EUR/USD  by  instaforex


The European Central Bank decided to leave interest rates unchanged at the level of 0.0%, together with the deposit facility rate at -0.40% and marginal lending facility at 0.25%.

Wednesday, July 20, 2016

Gold price is testing the lower channel boundary. Support is at .. Read more .. Gold

Daily  Report Gold by  instaforex



Gold price is breaking short-term support and triangle pattern to the downside. This implies that $1,300 will be tested. 

Bulls did not manage to break out above the important resistance at the level.. Read more .. rate EUR/USD

Daily  Report EUR/USD by  instaforex


The number of US housing starts and building permits increased significantly in June, which might be a good indication, that housing market continues to perform strongly. 

Tuesday, July 19, 2016

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point .. Read more .. rate USD/JPY

Daily  Report USD/JPY by  instaforex


USD/JPY is expected to trade with a bullish bias. The pair managed to hold the upside and reached 106.33 this morning. While it is currently off that high, it is seeking support from the 50-period (30-minute chart) moving average.

Bulls need to be very cautious as a rejection at current levels will give.. Read more ..USDX

Daily  Report USDX by  instaforex


The Dollar index remains below its important resistance of 96.70 and continues to move mainly sideways. 

We can expect a rally from here and bulls ... Read more .. rate GBP/CHF

Daily  Report GBP/CHF by  instaforex


GBP/CHF is seen to be trading at 1.3000/10 levels at this moment, looking to push higher towards 1.3200/3300 levels at least before producing a meaningful retracement lower. 

Monday, July 18, 2016

The consecutive lower highs and lower lows sequence is supporting the bearish outlook.. Read more .. rate EUR/USD

Daily  Report EUR/USD by  instaforex


On a slow day for economic news, today's monthly update of the US Housing Market Index will draw close attention in the wake of last week's upbeat numbers for the world's biggest economy. 

Gold could bounce this week towards $1,350 and as long as it trades ... Read more ..Gold

Daily  Report Gold by  instaforex

Gold price remains in a bearish short-term trend but also inside the upward sloping channel since $1,300. 

Gold price is approaching the medium-term support at $1,320-$1,300. 

The wave progression is evolving towards a more complex and time-consuming pattern that looks choppy.. Read more .. rate USD/CAD

Daily  Report USD/CAD by  instaforex

The wave progression is evolving towards a more complex and time-consuming pattern that looks choppy, full of whipsaws and false breakouts.


 It is still quite unclear whether the current downside wave pattern has been completed or not as none of the key levels has been clearly violated. 

In the short term, we expect to see more correction in ... Read more .. rate EUR/JPY

Daily  Report EUR/JPY by  instaforex

The rally of the 109.48 low does display an impulsive structure, but we are not out of the woods yet. 


Only a firm break above important resistance at 122.00 will confirm that a long-term corrective low is in place at 109.48 and a new long-term impulsive rally is developing. 

Tuesday, July 12, 2016

A weekly close out and below the Kumo (cloud) will be a bearish sign.. Read more ..USDX

Daily  Report USDX by  instaforex

The US dollar index reached the previous high and resistance at 96.70 and got rejected. 


Price is pulling back towards the short-term support of 96.10. 

The current bullish pullback towards the price level of 1.3000-1.3070 (61.8% Fibonacci level) should be .. Read more ..rate USD/CAD

Daily  Report USD/CAD by  instaforex

On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. 


However, a lack of significant bearish rejection was manifested during recent consolidations. On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant bearish pressure was originated.

Monday, July 11, 2016

Ιf the pair fails to pass through the level of 1.1071, the market will indicate a bearish opportunity Read more ..rate EUR/USD

Daily  Report EUR/USD by  instaforex

The trend of the EUR/USD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability.


 Amid the previous events, the price is still moving between the levels of 1.1001 and 1.1115.

A double top at $1,375 could be a reversal sign ... Read more .. Gold

Daily  Report Gold by  instaforex

Gold price made some extreme movements on Friday after the announcement of the NFP numbers. 


Price held support even in the 4-hour chart and reversed higher but was unable to make a new high. A longer-term trend remains bullish. 

It is likely to trade in a lower range as long as it remains below the pivot point ... Read more .. rate GBP/JPY

Daily  Report GBP/JPY by  instaforex

GBP/JPY is under pressure and is capped by a negative trend line.


 As long as the trend line is not broken, the price is expected to remain below it. The pair has been capped by a descending trend line and remains on the downside. 

Friday, July 1, 2016

The corrective cycle is evolving towards a more complex and time-consuming pattern .. Read more rate USD/CAD

Daily  Report  USD/CAD by  instaforex

The corrective cycle is evolving towards a more complex and time-consuming pattern. 


The leg c of this pattern might be completed soon, and the projected target is at the level of 1.2857. 

Continue to expect the Dollar index to break to the upside and move .. Read more ..USDX

Daily  Report USDX  by  instaforex

The Dollar index remains inside the triangle consolidation pattern. I continue to expect the Dollar index to break to the upside and move towards 99.50 over the coming weeks.


 I remain bullish in the Dollar. 

Daily analysis of GBP/USD .. Read more ..

Daily  Report GBP/USD by  instaforex

GBP/USD had a decline during yesterday's session after BoE's Mark Carney announced that a rate cut is coming this summer. 


That would put the Cable into a bearish scenario for the next weeks, and it could break the support zone ...