Daily Forex Analytics from Instaforex to get more Pips

  • USD/CAD analysis for May 27, 2013

    USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading sideways, corrective wave C (coloured green) of the bigger wave (B) (coloured blue) has been developing. During the Friday's European session we could observe strong ascending movement from 1.0300 towards the 1.0355 level and we can consider this move as the end of the corrective wave B (coloured green) of the bigger wave (B) (coloured blue). ...

    Posted at May 27, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USDX: Daily analysis for May 24, 2013

    Daily chart: The USDX had a bearish day yesterday, making a bearish rebound in resistance level at 84.22, falling to support at the 83.74 level. Now this market is bouncing on that level and it is expected to climb back up to the resistance level 84.22. However, there is a possibility to break the support at the level of 83.74 and fall to the level of 83.22. We must be very careful about the swing ...

    Posted at May 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD. Forecast for May 24, 2013

    As it was expected yesterday macroeconomic indices were strong. Service PMI in the eurozone in May was 47.5 vs. estimates for 47.4 and previous figures for 47.0. Manufacturing PMI was 47.8 vs. expectations for 47.1. US Initial Jobless Claims dropped to 340K vs. forecast for 347K. US New Home Sales in April was 454K vs. 429K. Today positive news is expected. At 10:00 GMT+4 Consumer sentiment index in Germany in May, it is forecast to be ...

    Posted at May 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forecast for May 24, 2013

    The UK has released first-quarter GDP numbers. In the second estimate it stayed unchanged, 0.3%. The pound strengthened following weakness of the US dollar, as the result it grew 60 points. Today at 12:30 GMT+4 data on UK BBA loans for House Purchase in April is published, forecast 32.7K vs. 21.2K in March. At 16:30 GMT+4 US Durable Goods Orders in April are published, forecast 1.8% vs. -6.9% in March. US Durable goods orders excluding transportation are ...

    Posted at May 24, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/JPY technical analysis for May 23, 2013

    RECOMMENDATIONS: Buy stop (pending order) at 133.01. Stop loss at 132.91. Take profit at 133.15. Alternative: Sell stop (pending order) at 132.24. Stop loss at 132.34. Take profit at 132.10.     Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group Email: [email protected] Yahoo Messenger & Skype: Arief.ifx_jakarta Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for ...

    Posted at May 23, 2013 | By : | Categories : Forex Analysis | 0 Comment