Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Dec 07, 2022 1:46 am

Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of the GBP/AUD Cross Currency Pair Wednesday, December 07, 2022.

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With the GBP/AUD price movement on the daily chart still moving above its 50 MA and the formation of the Bullish 123 pattern followed by Ross Hook (RH) it can be seen that buyers are still dominating this cross currency pair but it seems that in the near future it will be corrected slightly to the level 1.7916 but please pay attention as long as the downward correction does not exceed the 1.7700 level, then you can be sure that GBP/AUD is still in a bullish condition and will try to test the 1.8256 level. (Disclaimer)

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3iGisQg
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Learn more about InstaForex Company at http://instaforex.com
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Dec 08, 2022 4:37 am

Forex Analysis & Reviews: Trading Signal for GOLD (XAU/USD) on December 08-09, 2022: buy above $1,775-1,781 (+1/8 Murray - uptrend channel)

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XAU/USD is trading around 1,782, above the 21 SMA showing a bullish bias. It is likely that if gold consolidates above this area, it could reach the zone of 1,803 and even reach +2/8 Murray located in 1,812.

Investors are worried as Vladimir Putin said the threat of nuclear war is growing, suggesting they would use nuclear weapons in response to an attack on his country. This news could increase risk aversion and investors could take refuge in gold. hence, the price could reach levels of 1,850, even quickly climbing as high as the landmark level of 1,900.

Risk aversion could increase, causing investors to be very cautious. This is due to negative data from China, raising concerns about a global recession. This assures investors to take refuge in gold and the price could increase only if it consolidates above the psychological level of 1,800 -1,812.

Yesterday in the American session, gold quickly rose above the uptrend channel, breaking the 21 SMA (1,780) and reaching the swing high of 1,788.06.

The asset is currently consolidating above the key level of 1,781 (21 SMA), suggesting that if it settles above this area, the price could resume the bullish cycle in the next few hours.

In the next few hours, we expect XAU/USD to trade above 1,781 and reach the resistance of 1,803 and even the high of Dec 5 at 1,810. On the other hand, in case of a technical bounce around the uptrend channel formed since November 22, we will have an opportunity to buy around 1,775.

A close on the 4-hour chart below 1,770 and a sharp break of the uptrend channel are critical to trigger further declines in gold. The metal could quickly reach the 8/8 Murray (1,750) and even the 200 EMA located at 1,736.

Our trading plan for the next few hours is to buy gold above 1,781 or in case of a technical bounce around 1,775, with targets at 1,803 and 1,812. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3uyyHBz
Best regards, PR Manager

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

Postby IFX Gertrude » Fri Dec 09, 2022 5:13 am

Forex Analysis & Reviews: Technical Analysis of GBP/USD for December 9, 2022

Technical Market Outlook: The GBP/USD pair has been seen bouncing up from the technical support located at 1.2106 and is moving closer to the swing high located at 1.2343. The momentum remains strong and positive which supports the short-term bullish outlook for GBP. The nearest technical support is still seen at 1.2106, so in a case of an unexpected breakout lower, the next target for bears is seen at 1.1897 (30th November low). Also, please notice the Bearish Divergence between the price and the momentum indicator that might have an impact on the next bearish movement.

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Weekly Pivot Points:
WR3 - 1.24283
WR2 - 1.23713
WR1 - 1.23415
Weekly Pivot - 1.23143
WS1 - 1.22845
WS2 - 1.22573
WS3 - 1.22003

Trading Outlook:
The bulls are temporary in control of the market and the 50% Fibonacci retracement of the last big wave down located at 1.2293 had been tested, so a down trend resumption is possible. On the other hand, the level of 1.0351 has not been tested since 1985, so the down trend is strong. In order to terminate the down trend, bulls need to close the weekly candle above the level of 1.2275 (swing high from August 10th).

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3HjrPzG
Best regards, PR Manager

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

Postby IFX Gertrude » Mon Dec 12, 2022 2:15 am

Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Major Currency Pairs GBP/USD, Monday, December 12 2022.

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On the daily chart the main GBP/USD currency pair is starting to show signs of saturation over the rally that occurred over the previous few days, as reflected in several things:

1. 1.2296 is difficult to break upwards
2. The appearance of the Bearish = Rising Wedge pattern.
3. Formation of a Bearish pattern 123.
4. The appearance of Bearish Wiseman 1 & 2 signals.

Therefore, in the next few days, as long as Cable does not reverse its rally up above the 1.2344 level, this major currency pair still has the potential to depreciate to the 1.2045 level as its main target and if the decline has quite high volatility then it is possible that the 1.1777 level will become next target to go to.

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3VRbTsL
Best regards, PR Manager

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

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Dec 13, 2022 1:15 am

Forex Analysis & Reviews: Forecast for EUR/USD on December 13, 2022

Investors raise their expectations this week, in which several central banks meetings (Federal Reserve, European Central Bank, Bank of England) are held, given the ongoing divergence between central banks' monetary policies. The Fed will become softer, while the ECB will be more hawkish. Formally, the forecast for a rate hike by all central banks is the same - 0.50%, but there has been so much talk about a surprise from the ECB that a 0.75% hike has become a forecast rather than a surprise. And that's why the euro closed Monday at the opening level despite the decline of other counter-dollar currencies.

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This morning, the price is trying to rise. Today's main event will be the US inflation report for November. CPI is expected to decline from 7.7% y/y to 7.3% y/y. The euro has a chance to reach the target range of 1.0615/42. If the divergence in the sentiment of the central banks is really strong, the euro may go higher, to the range of 1.0758/87 (highs in May and June).

On the four-hour chart, the price failed to fall under support of the MACD line. The last reversal from it occurred this morning. The Marlin oscillator is shifting to the upside. We expect the price to reach the first target range of 1.0615/42.

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3FLW8xz
Best regards, PR Manager

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

Postby IFX Gertrude » Wed Dec 14, 2022 7:08 am

Forex Analysis & Reviews: Gold to outperform Bitcoin in the long term

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Goldman Sachs called gold a "more useful portfolio diversifier" and said it will outperform Bitcoin in the long term. They explained that real demand for the metal is not as affected by tightening financial conditions as the world's largest cryptocurrency, not to mention it has clear non-speculative uses unlike Bitcoin, which traders view as a stock for fast-growing technology companies. Gold is also used as a hedge against dollar devaluation and inflation.

Of course, Bitcoin could still be used as a hedge, especially since its potential comes from future use cases. But this makes it much more volatile and speculative compared to gold. Also, it surged when investors became interested in decentralized currencies, however, tighter financial conditions will not work in favor of cryptocurrency. Bitcoin's downward volatility has also been boosted by systemic concerns as several major players have declared bankruptcy.

Latest data indicates that spot gold is up 0.23% y/y, while Bitcoin is down 63%.

Going forward, gold is likely to get a boost from additional macroeconomic volatility. It could benefit from structurally higher macroeconomic volatility and the need to diversify its equity investments. Tighter liquidity should also have less impact on gold, which is more exposed to real drivers such as demand. These include physical demand, central bank purchases (which have been on record this year), investments in safe-haven assets and industrial applications.

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3uPVER6
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Dec 15, 2022 2:05 am

Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nasdaq 100, Thursday December 15, 2022.

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Although on its 4 hour chart Nasdaq 100 index seems move in a ranging condition but with the appearance of:
1. The deviation between price movement with CCI indicator.
2. The appearance of Bearish 123 pattern.
3. Followed by the appearance of Ross Hook (RH).

Based on three things above then in a nearest term #NDX has a potential to try to go down to test the Bearish Ross Hook level at 11608.9 if this level is successfully broken then the next level to go to is 11410.1 but if on the way to these levels there is a sudden upward correction to pass the 12007.9 level then the scenario of a decline has been described earlier will cancel by itself.

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3j6LmJB
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Dec 16, 2022 3:44 am

Forex Analysis & Reviews: Trading Signal for GOLD (XAU/USD) on December 16-19, 2022: sell below $1,794 (5/8 Murray - 21 SMA)

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Early in the European session, gold (XAU/USD) is trading around 1,781, bouncing after hitting the low at 1,773.67.

XAU/USD is trading below the uptrend channel and below the 21 SMA (1.795). The 4-hour chart shows further downside potential. The gold price is trading in the area of strong bearish pressure. If the price consolidates below of 1,790, it could reach the level of 200 EMA around 1,754.

Since its maximum reached at 1,824 on Tuesday, gold has lost more than $50, so this weekly drop could be a sign of a probable change in trend in the short term.

Gold is expected to continue its bounce in the next few hours and can reach the area of 1,790 - 1,795. Around this level, there will be a clear signal to sell with targets at 1,781-1,755.

In case the bearish pressure persists, XAU/USD is expected to trade below the 5/8 Murray located at 1,781 and may continue to decline in the coming days until it reaches the 4/8 Murray area around 1,750.

Our trading plan is to sell gold below 1,795, targeting 1,780 at 1,754. The eagle indicator is giving a negative signal which supports our bearish strategy.

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

Analysis are provided by InstaForex.


Read More https://ifxpr.com/3hpjEYc
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Dec 19, 2022 3:50 am

Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Monday, December 19 2022.

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If you pay attention to the daily chart, the USD/CAD commodity currency pair appears to be stuck in the weekly Resistance Orderblock area which is quite significant at 1.3702 where at the same time a Double Top pattern (Cyan circle) is formed which is also followed by a deviation between its price movement and the Awesome Oscillator indicator, in addition to the emergence the Ascending Broadening Wedge pattern is also strengthening if in the next few days The Loonie will be brought down to the level of 1.3225 but with a note that during the fall there was no significant upward correction movement that exceeded and penetrated above the 1.3750 level because if this level is successfully broken above, the decline scenario described previously will become invalid and cancel by itself.

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3FH2k8U
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Dec 20, 2022 2:01 am

Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday December 2022

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Since successfully breaking above the 1807.21 level on the 4-hour chart, gold has been pulled down again by market participants which is now that gold has tested the fairly good resistance level at 1796.52, gold is now falling back down to test the 1773.31 level. If this level is successfully broken down, gold will depreciate go down to 1762.44 as the main target and if the momentum and volatility are sufficiently supportive then the next level to aim for is 1733.04 as long as it is on the way to the target level there is no significant correction to break above the 1813.58 level where if this level is successfully penetrated upwards then a decline scenario previously described will be canceled by itself.

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

Analysis are provided by InstaForex.

Read More https://ifxpr.com/3FK3Ffl
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

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