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Daily Forex Analytics from Instaforex to get more Pips

  • USD/CAD intraday technical analysis and trading recommendations for April 5, 2013

      Lack of the bullish steam seemed to exist during the last few weeks and the pair seems to be under negative pressure which was manifested on March 26 in the massive bearish daily candlestick. Bearish rejection around 1.0300 was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair gave obvious daily closure below 1.0220 which opened the way towards the ...

    Posted at April 6, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD. Forecast for April 5, 2013

    Yesterday it was announced that Bank of Japan planed to purchase 7.5 trillion yen of bonds a month and double the monetary base, which includes cash in circulation, in two years, in a bid to end two decades of economic stagnation and 15 years of deflation. Meanwhile, monetary base increases 60-70 trillion yen a year and government debt rises more than 200%. The USD/JPY pair grew 200 points and the euro fell 60 points. Composite ...

    Posted at April 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • AUD/USD analysis for April 05, 2013

    AUD/USD Elliott Wave   Since our last analysis the AUD/USD pair has been trading downwards, and we changed our wave count a little bit to adjust best possible scenario for today. Yesterday, during the Asian and European session we could observe strong descending movement from 1.0474 towards the 1.0385 level, and we can consider this move as the end of the corrective wave C (coloured blue) of the bigger ...

    Posted at April 5, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EUR/USD. Forecast for April 4, 2013

    The International Monetary Fund announced Wednesday that it would contribute 1.04 billion euros over three years to Cyprus’ 10 billion-euro rescue plan. Amid the news the euro got the momentum. US ADP Non-Farm Employment Change in March was 158K vs. forecast for 203K, data on February is revised upwardly from 198K to 237K, which is rather positive. US ISM Non-Manufacturing in March dropped from 56 in February to 54.4, the forecast was 55.9. As a result ...

    Posted at April 4, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forcast for April 4, 2013

    Yesterday UK Construction PMI in March rose from 46.8 to 47.2. Despite the forecast was 47.7, the index proved that performance of the UK economy is better than European one. Today at 12:30 GMT+4 UK Services PMI in March is published, it is estimated to be 51.4 vs. 51.8 in the previous month. At 15:00 GMT+4 BoE MPC Interest Rate Announcement is scheduled. Technically, the price has stopped before the Fibonacci extension on the H4 and now ...

    Posted at April 4, 2013 | By : | Categories : Forex Analysis | 0 Comment