Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 21, 2022 1:29 am

Forex Analysis & Reviews: Forecast for GBP/USD on July 21, 2022

The British pound has already tuned in to a breakthrough to the upside, it is only waiting for a signal from external markets. But in order to justify the optimism, the price needs to settle above the MACD line and the target level of 1.2100. Then the first growth target will be the level of 1.2250. But, despite the strong desire of the Marlin Oscillator to get ahead of the price movement, it still remains in the downward trend zone.

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In order to support the price, the Marlin of the daily scale should move into the positive area. A reversal into a new wave of decline may follow from the level of 1.2100. The British currency is completely in an upward position on the H4 chart: the price is turning above the balance and MACD lines, the Marlin Oscillator is also turning up without leaving the rising trend zone. The departure of the price under the MACD line (1.1920) will be the beginning of the downward movement in the medium-term.

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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.

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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 22, 2022 1:40 am

Forex Analysis & Reviews: Forecast for EUR/USD on July 22, 2022

Yesterday, the European Central Bank raised the main rate from 0.00% to 0.50%. Preliminary preparation of the market through the media was successful - by now the euro is at the level of the ECB release - market participants were not inspired by this decision. As a result, we observe the traditional market rule - if the asset does not grow, then it will fall.

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For a medium-term fall of the euro, you need to go under the support level of 1.0150. Targets will open: 1.0020, 0.9950, 0.9850. The Marlin Oscillator is turning down on its approach to the neutral zero level. The signal line of the oscillator fits into the framework of the descending channel.

The price is still above the balance and MACD indicator lines on the H4 chart. The MACD line already cancels the intention to turn up, now it is moving horizontally. The Marlin Oscillator, after sharp fluctuations above the zero line, breaks it down. We are waiting for further development of the euro's downward movement. Supports: 1.0150, 1.0092, 1.0020, 0.9950

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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.

https://ifxpr.com/3z1xk0c
Best regards, PR Manager

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

Postby IFX Gertrude » Mon Jul 25, 2022 2:15 am

Forex Analysis & Reviews: Forecast for EUR/USD on July 25, 2022

On the daily scale chart, on Friday, it is noticeable how the price touched the support at 1.0150 with its lower shadow and slightly jumped. This morning the price makes another attempt to overcome this level.

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Overcoming 1.0150 will make it possible to develop an attack to the target level of 1.0020. Further, the 0.9950 target will open.

The signal line of the Marlin Oscillator is turning down from the upper border of its own descending channel.

Marlin is developing a bearish attack on the four-hour chart. The support of the MACD line at 1.0100 under the nearest target level of 1.0150. It plays the role of an intermediate resistance on the price path to 1.0020.

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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.

https://ifxpr.com/3JagrFi
Best regards, PR Manager

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

Postby IFX Gertrude » Tue Jul 26, 2022 1:26 am

Forex Analysis & Reviews: Forecast for GBP/USD on July 26, 2022

Yesterday, the British pound made the first attempt to break above the MACD indicator line on a daily scale. This morning, the pound is more confidently going above this resistance, approaching the target level of 1.2100. Surpassing the level opens the 1.2230 target. Consolidating above 1.2230 may extend the price growth to the level of 1.2435.

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The Marlin Oscillator is actively growing in the positive area, instilling optimism in the bulls. Of course, it is possible that the price will not be able to overcome the strong level of 1.2100, and then Marlin's exit above the zero neutral line will become false, and the price will turn towards 1.1800.

The price is completely in an upward position on the H4 chart, since its local growth occurs above both indicator lines and the Marlin Oscillator develops in the positive area. A signal for the development of growth will be the price consolidating above the level of 1.2100. The absence of a signal can turn the price in the opposite direction.

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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.


https://ifxpr.com/3JcPCAb
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4416
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jul 27, 2022 1:19 am

Forex Analysis & Reviews: LTCUSD Potential For Bearish Continuation | 27th July 2022

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On the H4, with price breaking the ascending channel and there is a descending line of RSI, we have a bearish bias that price might drop from our 1st resistance at 54.57, which is in line with 23.6% fibonacci retracement to the 1st support at 51.07, which is in line with pullback support. If the price breaks the 1st support, we could expect it to drop to the 2nd support at 47.21, which is in line with pullback support. Alternatively, price may head for 2nd resistance at 59.90, which is in line with the multiple swing highs.

Trading Recommendation
Entry: 54.57
Reason for Entry: 23.6% fibonacci retracement
Take Profit: 51.07
Reason for Take Profit:Pullback resistanceStop Loss: 59.90
Reason for Stop Loss:
Multiple swing highs
*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.

https://ifxpr.com/3JcPCAb
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4416
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jul 28, 2022 2:23 am

Forex Analysis & Reviews: USDJPY Potential For Bearish Continuation | 28th July 2022

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On the H4, with price broken out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to our 1st support at 134.531 where the swing low support, 61.8% fibonacci retracement, 78.6% fibonacci projection and 161.8% fibonacci extension are. Once there is downside confirmation of price breaking 1st support, we would expect bearish momentum to carry price to the 2nd support at 131.480 where the swing low support is. Alternatively, price could head for 1st resistance at 136.723 where the overlap resistance is.

Trading Recommendation
Entry: 134.531
Reason for Entry:
Swing low support, 61.8% fibonacci retracement, 78.6% fibonacci projection and 161.8% fibonacci extension
Take Profit: 131.480
Reason for Take Profit:Swing low support
Stop Loss: 136.723
Reason for Stop Loss:
Overlap resistance

*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.

https://ifxpr.com/3b9yA9I
Best regards, PR Manager

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

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jul 29, 2022 1:39 am

Forex Analysis & Reviews: Forecast for EUR/USD on July 29, 2022

Yesterday's attempt to break through the support of 1.0150 failed. After a decline of 83 points, the price was tossed and the day closed at the opening level. At this time, the signal line of the Marlin Oscillator reached the border with the growing trend territory and, according to the main scenario, it can now turn down from it, which will help the price overcome the support of 1.0150. This will be followed by a decline to the level of 1.0020.

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Another scenario allows the price to reach the resistance of the MACD line (1.0292) and only then turn down. An alternative scenario suggests an attack on the target level of 1.0360.

The bears' situation looks more alarming on the four-hour scale. The price bounced off the support of the MACD line for the third time and the Marlin Oscillator moved into the growing trend zone. The euro could weaken again if we receive disappointing data on the GDP of the eurozone, which will be released today. The quarterly forecast is 0.2%. The data should be weaker than predicted. Yesterday, the US GDP for the 2nd quarter showed a contraction of 0.9% against the forecast growth of 0.5%, so the data on the euro area may also be negative. If European data turns out to be stronger, EUR/USD will try to work out the upper targets.

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Analysis are provided by InstaForex.

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Best regards, PR Manager

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Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Aug 01, 2022 1:22 am

Forex Analysis & Reviews: Forecast for EUR/USD on August 1, 2022

By this morning, the euro's situation is such that over the past four days the price has not overcome the support level of 1.0150, the downward potential was lost, and now the price is growing towards the nearest target of 1.0285 supported by the Marlin Oscillator growing in the positive area on the daily scale chart.

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Breaking the MACD line (1.0285) will open the target level of 1.0360 (the June 15 low). From this level, the probability of a price reversal down, into a medium-term decline, will increase by a lot.

On the H4 chart, it is noticeable that a four-fold upward price reversal occurred from the MACD indicator line. At the moment, the price is rising above the balance line, the Marlin Oscillator is growing in the upper half - in the territory of an upward trend.

The final estimates of the eurozone Manufacturing PMI for July will be published today, the forecast for it is unchanged at 49.6, as well as for the US ISM Manufacturing PMI, for which the forecast is already down: 52.0-52.3 against 53.0 a month earlier. We are waiting for the continuation of the euro's corrective growth.

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Analysis are provided by InstaForex.


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Best regards, PR Manager

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IFX Gertrude
 
Posts: 4416
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Aug 02, 2022 12:12 am

Forex Analysis & Reviews: Forecast for GBP/USD on August 2, 2022

On the second attempt, that is, yesterday, the pound went above the target level of 1.2230 and above the balance indicator line. It continues to rise this morning, there is a difficult path just ahead to the target of 1.2435, and this target level may not be reached, as there is a technically strong 1.2405 ahead of it - the high of June 16 and earlier historical extremes. The Marlin Oscillator is growing, the growth potential has not been exhausted.

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The price has consolidated above the target level of 1.2230 on the four-hour chart, but the Marlin Oscillator does not share the price's optimism, intending to return to the downward trend zone.

This is already a manifestation of signs of a technically difficult upward movement. If the price settles below 1.2230, Marlin will return to the negative area, this will be the first sign of the completion of the corrective growth.

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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.

Image
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4416
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Aug 03, 2022 1:36 am

Forex Analysis & Reviews: Trading Signal for USD/JPY for August 3 - 4, 2022: buy in case of rebound at 132.63 (5/8 Murray - 21 SMA)


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USD/JPY has risen more than 350 pips in the last 48 hours, recovering strongly from the lowest level in almost two months. The pair bottomed at 130.39 at around 4/8 Murray and is now trading with an upward bias above the 21 SMA and above 5/8 Murray.

Since July 14, the Japanese yen strengthened, having fallen almost 900 pips from the high of 139.39 to the low of 130.39. The Japanese yen is currently showing signs of being oversold and any pullback is likely to be seen as a buying opportunity. The psychological level of 130.00 has become major support for USD/JPY. It is likely that as long as it trades above this level, it could resume its bullish cycle and could reach 135.00 (200 EMA) and even reach the psychological level of 140.00.

Risk appetite added pressure to USD/JPY, setting the stage for the yen's recovery that took more than 2 weeks. The strong technical bounce from earlier this week could signal the end of the downtrend. However, July payroll data will be released on Friday and could change the short-term outlook for the Japanese yen.

A return above the 200 EMA located and 135.08 will mean a resumption of the uptrend and USD/JPY could reach 137.50 (8/8 Murray) again and even reach the 24-year high at 139.38. On the other hand, any technical bounce above the 21 SMA located at 132.63 will still be a clear signal to buy. The pair could continue its rise to 135.00 and 137.50.

On August 1, the eagle indicator reached the extremely oversold zone of around 5 points which was a clear signal to buy. After reaching a high of 133.89 in the Asian session, it is showing signs of a technical correction. Hence, we can expect the price to rebound off 132.63 to buy again.

Our trading plan for the next few hours is to wait for a technical bounce at around 132.63 and buy the pair with targets at 6/8 Murray around 134.65 and at the 200 EMA around 135.12. *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.

https://ifxpr.com/3PZULOO
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4416
Joined: Wed Nov 07, 2012 6:25 am

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