Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jul 16, 2018 2:12 am

Technical analysis of Bitcoin For July 16, 2018

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The Bitcoin at the 4-hour charts looks clearly moving in a Bearish bias. This can be confirmed by the price still moving in a down slope channel and the Exponential Moving Average period 21 still bellow the Linear Weighted Moving Average period 55, as long as the price does not break out and close above the 6,360.51, it is highly likely the bias from this cryptocurrency will still be in a Bearish condition.

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jul 17, 2018 1:48 am

Technical analysis: Intraday Level For EUR/USD, July 17, 2018

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When the European market opens, there's no Economic Data will be released from the Euro Zone, but The US will release the Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1767.
Strong Resistance:1.1760.
Original Resistance: 1.1749.
Inner Sell Area: 1.1738.
Target Inner Area: 1.1710.
Inner Buy Area: 1.1682.
Original Support: 1.1671.
Strong Support: 1.1660.
Breakout SELL Level: 1.1653.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jul 18, 2018 2:19 am

Technical analysis: Intraday level for USD/JPY, July 18, 2018

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In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Beige Book, Crude Oil Inventories, Housing Starts, and Building Permits. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.54.
Resistance. 2: 113.32.
Resistance. 1: 113.10.
Support. 1: 112.82.
Support. 2: 112.60.
Support. 3: 112.38.

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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 19, 2018 1:45 am

Technical analysis: Intraday Level For EUR/USD, July 19, 2018

Image

When the European market opens, some Economic Data will be released such as Spanish 10-y Bond Auction. The US will release the Economic Data too, such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1701.
Strong Resistance:1.1694.
Original Resistance: 1.1683.
Inner Sell Area: 1.1672.
Target Inner Area: 1.1644.
Inner Buy Area: 1.1616.
Original Support: 1.1605.
Strong Support: 1.1594.
Breakout SELL Level: 1.1587.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 20, 2018 2:12 am

Technical analysis: Intraday Level For EUR/USD, July 20, 2018

Image

When the European market opens, some Economic Data will be released such as Current Account and German PPI m/m. The US today will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1711.
Strong Resistance:1.1704.
Original Resistance: 1.1693.
Inner Sell Area: 1.1682.
Target Inner Area: 1.1654.
Inner Buy Area: 1.1625.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jul 23, 2018 1:32 am

Mr. Trump Against All

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Mr. Trump is against everyone.
In recent weeks:

Trump with a scandal held a meeting with the "Big Seven", refusing to sign under a general statement. His statements to the head of Canada were in fact insults. The meeting of the "Seven" was a series of attacks by Trump on the Allies - Europe (especially Germany), Canada.

Trump took part in the NATO meeting, where he struck everyone with the demand to immediately increase defense spending of the participating countries to 4% - despite the fact that the goal of 2% is quite difficult to achieve. Trump again attacked Germany and Merkel - for low defense spending.

Trump visited Britain and criticized Prime Minister May's plan for a "soft Brexit" plan, on which the May government's survival depends.

Trump makes it clear that he considers the EU to be a harmful, unnecessary structure. He offers France to leave the EU.

Trump is attacking China, raising the stakes in the trade war - on Friday he promised to extend new duties on almost all the goods coming to the US from China - to an amount of $500 billion. This will undoubtedly have a noticeable impact on inflation in the US, businesses related to the United States - not to mention the retaliatory measures on the part of China. A very likely consequence will be a sharp cooling down of China-US political relations - these relations have been very friendly since 1978 (!)

In general, it is the US-China trade war that Trump is unleashing right before our eyes - that is the biggest risk for the world economy, and more than the economy.

Trump is attacking the EU on trade issues - demanding to introduce duties on cars from the EU is a blow to Germany. Paradoxically,
Trump is counting on Europe's support in the trade war against China.

Earlier, Trump withdrew from the "nuclear deal" with Iran - while Europe for the continuation of relations with Iran.

Trump attacked his own special services, saying that he did not trust their investigations into Russia's interference in US elections. Then he refuted his words. And then he said he didn't trust them again.

Finally, Trump attacked the Fed, condemning the decision to raise rates. He accused the US central bank that raising the Fed's rate hinders economic growth in the US and strengthens the dollar, which makes US debt (more than $20 trillion) more expensive and helps US competitors - China and Europe - in trade, increasing the US trade deficit.

Trump made this statement on Thursday, and despite criticism that Trump attacks the independence of the US Central Bank, and his statement that he respects the Fed's independence and personally Powell, the head of the Fed, - on Friday Trump reiterated his criticism.

Perhaps the only person Trump talked about sympathetically in recent weeks is Russian President Putin. Trump, after a meeting in Helsinki with Putin, soon invited the Russian president to the United States for a visit. This, of course, only added fuel to the fire of Trump's criticism.

Trump announced that China and the ECB specifically pursue a policy of undervaluing their currencies against the dollar, thereby damaging the US in trade. The market started talking about "currency wars".

This is it. The only thing that can be said: "The more fronts on which the commander is at war, the less chance he has to win."

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jul 24, 2018 2:28 am

Elliott wave analysis of EUR/NZD for July 24, 2018

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We continue to look for more upside pressure through resistance at 1.7268 and more importantly through resistance at 1.7305, that calls for red wave iii towards 1.7505 on the way higher towards 1.8381.

Support is now seen at 1.7206 and again at 1.7170. Ideally the later will be able to protect the downside for the expected break above 1.7268.

R3: 1.7305
R2: 1.7268
R1: 1.7232
Pivot: 1.7208
S1: 1.7184
S2: 1.7164
S3: 1.7144

Trading recommendation:
We are long EUR at 1.7226 with our stop placed at 1.7110. If you are not long EUR yet, then buy EUR upon a break above 1.7268 and start by using the same stop at 1.7110.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jul 25, 2018 1:54 am

The euro is stable ahead of the ECB meeting

Eurozone
The key event in the eurozone this week is the ECB meeting on Thursday, July 26. This meeting is considered to be a passing one, the likelihood of any changes is minimal, but surprises are still possible, and they will primarily concern the wording regarding the timing of maintaining current rates.

The ECB directly links the first increase to achieving a consistently high inflation rate, and at the moment this parameter is rather negative – growth is primarily due to rising prices for petroleum products, the root value is about 1%, which is too low to begin the cycle of tightening. At the same time, maintaining a dovish rhetoric is increasingly difficult, as with each new meeting, the spread of returns between dollar and euro assets is increasing, the spread of yields between assets in dollars and euros is growing, and delaying the process can accelerate the migration of capitals from the eurozone.

There is another factor that may push Draghi to take a more hawkish position. The inversion of the yield curve in the United States is approaching, the dynamics are obvious. Three times in recent decades, the inversion preceded a new recession, and if the current trend continues, the new inversion will come in half a year, and there before the recession at hand.

Accordingly, the ECB is in an ambiguous position – it can begin a cycle of tightening just as a new recession is indicated. This paradoxical conclusion from the current situation does not allow the ECB to publicly announce the expected steps, because they can be canceled at any time.

Thus, there are two scenarios for the euro, and both of them are bad, and there is a badly hidden split in the bank's management regarding the future actions of the regulator. Accordingly, the focus is shifted to the press conference of Draghi following the meeting, which may lead to the growth of the euro, since Draghi is unlikely to avoid adding hawkish notes to his position.

Since the ECB meeting is not expected to publish important macroeconomic data (the release of the PMI Markit report is unlikely to be able to take markets out of balance on Wednesday), EUR/USD trading will most likely take place in a range close to current levels. After the meeting, it is possible to consolidate the euro above 1.1790 and try to test 1.1853, but it is unlikely that it will be successful, the dollar in the main currency pair remains favorable.

Britain
The pound is under pressure due to another political crisis that threatens to lead to the resignation of the May government, as well as due to weak economic data. At the same time, the Bank of England meeting is holding it back from falling, with a 70% probability that the key rate will be raised. The GBPUSD will continue to trade in a wide range of 1.3050 / 3190, the probability of an exit for which until the end of the week is low.

Oil
Oil prices again attempt to grow after Saudi Arabia has lowered its tone regarding output growth under pressure from a number of OPEC countries and the lack of real growth in demand. The threat of "excess" oil entering the market has decreased, which led to the stabilization of prices. Brent traded on Tuesday above $73 per barrel, by the end of the week can rise above 74. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 26, 2018 2:29 am

Elliott wave analysis of EUR/NZD for July 26, 2018

The ongoing correction in red wave ii keeps pushing lower, but it must not break below the start of red wave i at 1.7116 as a break below here, will confirm that black wave ii still is in motion and is headed for support at 1.7066. If, however, the low of red wave i at 1.7116 stays untouched, as we expected, for a break above the channel resistance near 1.7199, that will call for red wave iii towards 1.7510 on the way towards the first long-term target at 1.8381.
R3: 1.7305
R2: 1.7268
R1: 1.7199
Pivot: 1.7184
S1: 1.7165
S2: 1.7130
S3: 1.7116

Trading recommendation: We are long EUR from 1.7226 with our stop placed at 1.7110. If you are not long EUR yet, then buy a break above the channel-resistance at 1.7199 and use the same stop at 1.7110.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 27, 2018 2:07 am

Elliott wave analysis of EUR/NZD for July 27, 2018

EUR/NZD is a break above the descending channel resistance-line near 1.7173 indicating that red wave ii completed with the test of 1.7130 and red wave iii towards 1.7510 now is developing.

Short-term, we would like to see a break above resistance at 1.7207 too, as confirmation that red wave iii is in motion for the next impulsive rally.

Support is now seen at 1.7162 and again at 1.7130. Ideally the later will be able to protect the downside for the expected break above 1.7207.

R3: 1.7305
R2: 1.7268
R1: 1.7207
Pivot: 1.7184
S1: 1.7162 S2: 1.7130
S3: 1.7116

Trading recommendation:
We are long EUR from 1.7226 with our stop placed at 1.7110. If you are not long EUR yet, you should buy here at 1.7180 or upon a break above 1.7207 and use the same stop at 1.7110.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2355
Joined: Wed Nov 07, 2012 6:25 am

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