Analytics

Daily Forex Analytics from Instaforex to get more Pips

  • GBP/USD. Forcast for April 26, 2013

    UK GDP was published yesterday. Britain’s economy avoided a triple- dip recession in the first quarter with expansion that exceeded specialists’ forecasts. GDP grew 0.3% in the first quarter, while the expectations were for a 0.1% rise. Today at 16:30 GMT+4 US GDP in the first quarter is published, forecast 3.0%-3.1% vs. 0.4% in the fourth quarter. We expect the growth continues. Technically, when the resistance of trendline on the H4 (1.5490) is broken, the first target ...

    Posted at April 26, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • USD/CAD analysis for April 26, 2013

    USD/CAD Elliott Wave  Since our last analysis the USD/CAD pair has been trading downwards, just like we expected, impulsive wave 3 (coloured green) of the bigger wave (3) (coloured blue) has finished its developing. Yesterday, during the Asian and European sessions we could observe strong descending movement from 1.0257 towards the 1.0223 level. Therefore, during the New York session this currency has continued to trade with a bearish ...

    Posted at April 26, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD analysis for April 26, 2013

    AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading upwards, corrective wave A (coloured blue) of the bigger wave (B) (coloured green) has been developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 1.0271 towards the 1.0338 level and we can consider this move as the end of the sub-wave A (coloured blue). Therefore, during the New York ...

    Posted at April 26, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/JPY technical levels and trading recommendations for April 25, 2013

    Overview  Like we expected yesterday, the pair will continue its upward trend as long as it cannot break the upward trend and the Support level 151.70 as well. Currently the pair is trading above the Resistance level 153.20. If the pair continues its upward move and manages to close 4H above it, it may continue its bullish trend and we will get a good opportunity to buy again above the Resistance level ...

    Posted at April 25, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver technical levels and trading recommendations for April 25, 2013

    Overview  The H4 chart demonstrates today that silver is starting to take a slightly upward movement and currently is testing the Resistance level 23.90. Given that, silver bounces from that Resistance level to close 4H below it. It provides a good opportunity to sell till reaching the Support level 23.00 after closing 4H below it. After that we should wait for breaking out this Support level to continue the bearish move. In ...

    Posted at April 25, 2013 | By : | Categories : Forex Analysis | 0 Comment