Instaforex Analysis

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for EUR/USD on February 16, 2022

Yesterday, the euro rose by 53 points as a correction from the support of the MACD line. At the moment, the signal line of the Marlin Oscillator is turning down from the zero line, which creates a sign of the completion of this correction, followed by a repeated attack on the MACD line. The 1.1300 target level is being modified to the 1.1280 level – Monday's low. Consolidation below the level opens the way for further decline to the target level of 1.1060. The exit of the price above the December 31 high at 1.1387, as above the upper limit of the consolidation of December 2021, may extend the euro's growth to the level of 1.1496, and overcoming it opens the way to the target range of 1.1700/22.



The price is turning down from the MACD line on the four-hour chart. At the same time, the signal line of the Marlin Oscillator is also turning down from the zero neutral line. Here we see a simultaneous (expected) Marlin reversal from the zero line on both scales, which strengthens the signal. The main scenario remains down.



Analysis are provided by InstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for EUR/USD on February 17, 2022

The euro rose by 13 points on Wednesday, testing the signal level of 1.1387 (high on December 31), the exit above which opens the bullish target level of 1.1496. The Marlin Oscillator moved into the positive area. Conditions for further growth are almost ready. But the price is currently in the range of nearly a two-month consolidation at the end of 2021, near its upper border (1.1387), so there are probably forces on the market that can return the price to a certain neutral state, to the middle of the range, below the level of 1.1330, in order to once again clarify the general geopolitical situation and the mood of the Federal Reserve.



The MACD line is strong on the four-hour scale; it prevents the price from overcoming the level of 1.1387, despite the actively growing Marlin Oscillator. Here we also note that the price is below the balance line, that is, the euro growth of the last three days was corrective. So, at the moment, the euro has a sideways trend.



Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for AUD/USD on February 18, 2022

The Australian dollar failed to reach the target level of 0.7227 yesterday - external markets did not allow it to reach the level by only nine points; S&P 500 lost 2.12% yesterday, the US dollar index showed zero change, copper lost 0.49% of its value. But on a daily scale, the price managed to stay above the MACD indicator line until this morning, the Marlin Oscillator is in the positive area, so the aussie's growth potential is still not exhausted. Another thing is whether investors will want to once again outperform the market when a double Federal Reserve rate hike in March is in the air. But we can also talk about a fall to the target level of 0.7065 only when the price settles under the MACD line, which can happen no earlier than Monday.



AUD/USD maintains its full upward trend on the 4-hour chart – the price is above both indicator lines, the Marlin Oscillator is in the positive area. A downward signal will be the price moving under the MACD line below 0.7157.



Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for EUR/USD on February 21, 2022

The euro fell by 39 points on Friday, clearly defining the downward direction, confirmed by a sharp downward reversal of the Marlin Oscillator on the daily scale chart. Since the movement is strong, we expect the support of the 1.1280 target level (February 14 low) to be broken, which coincides with the MACD indicator line. The price drop below the indicated level opens the target at 1.1060.



But today is a public holiday in the US, and although the price almost won back Friday's fall in the morning, we do not expect the price to break above the signal level of 1.1387.



Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for AUD/USD on February 22, 2022

Yesterday, the Australian dollar once again tried to reach the target level of 0.7227, the high of the day was 0.7224, and the closing of the daily candle, like the last three days, was under the indicator balance line. This may mean that the bulls potentially do not have the strength to break through the resistance of 0.7227. The price decline under the MACD line, breaking Friday's low at 0.7168, opens the target at 0.7065 (the high of June 2020). The signal line of the Marlin Oscillator is still in the positive area, this circumstance makes it difficult for the bulls to consolidate. The Australian dollar also supports the rise in commodity prices. Under the general offensive of the US dollar, the AUD/USD will also fall, only its fall will be slower than the European currencies. Target at 0.7065.



On the H4 chart, Marlin is already ready to move into the area of negative values, formally it is already on it. The price should overcome the MACD line (0.7175). The MACD lines coincide on the daily and H4 scales, respectively, overcoming them by the price will create a solid basis for further downward movement.



Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for GBP/USD on February 23, 2022

Yesterday, the British pound made a systematic attempt to fall towards the target level of 1.3513, but it was prevented by rising European and Asian currencies. It closed the day with a decrease of only 16 points, which was covered by growth this morning. But the price is still staying under the level of 1.3606 and under the balance indicator line. The Marlin Oscillator is moving exactly along the zero line. The downward potential is not wasted, we are waiting for a new attempt to reach the bearish target of 1.3513. Below it is the 1.3484 target – the MACD line.



On the four-hour chart, the price appears to have settled below the MACD line, and Marlin is still staying in negative territory. If the price manages to settle above 1.3606, then the road to 1.3730 will open (support on June 2 and September 8, 2021). If the price reverses from resistances, just as Marlin reverses from the border with the growth territory, then the level of 1.3513 will have to try hard to withstand the price pressure.



Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for EUR/USD on February 24, 2022

After yesterday's attempt to go above the balance indicator line of the daily timeframe, the price moved down with even greater determination, closed the day with a black candle, and this morning it crosses the area under the MACD indicator line and the target level of 1.1280. The euro is now set on a path to a target level of 1.1060, the approximate low of February 1994.



The price firmly settled below the balance line on the four-hour chart, the Marlin Oscillator rushed down with force after consolidating at the zero line. The situation is going down.



Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Technical Analysis of GBP/USD for February 25, 2022

Technical Market Outlook

The GBP/USD pair has made a massive reversal candlestick on H4 time frame chart after hitting the level of 1.3277. The big short-squeeze has hit the level of 38% Fibonacci retracement at 1.3414 and made a local high at 1.3437. The oversold market conditions and increasing momentum support the short-term bullish market outlook. The next target for bulls is seen at 1.3484 and the immediate technical support is located at 1.3370.

Weekly Pivot Points:
WR3 - 1.3817
WR2 - 1.3724
WR1 - 1.3655
Weekly Pivot - 1.3572
WS1 - 1.3510
WS2 - 1.3417
WS3 - 1.3348

Trading Outlook:
The up trend is being continued, but the up move might be terminated due to the Shooting Star candlestick pattern made at the daily time frame chart at the level of 1.3717. The overall move from the level of 1.3170 looks like a V-shape reversal pattern, so in the long-term the trend might be about to change from the multi-month down trend to the up trend. Please keep an eye on the level of 1.3500, because any sustained breakout below this level will change the outlook back to the bearish again.



The price firmly settled below the balance line on the four-hour chart, the Marlin Oscillator rushed down with force after consolidating at the zero line. The situation is going down.

Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for EUR/USD on February 28, 2022

This morning the major currencies opened with a falling gap. For the euro, this gap amounted to 145 points, in the Asian session the gap was closed by half. If the planned negotiations between Russia and Ukraine still begin in the near future, then the euro will be able to completely close the morning window, returning to the level of 1.1280, but then we still expect further weakening of the single currency amid all the uncertainty and fears associated both directly with Ukraine and and with economic implications for the global economy. The Federal Reserve's double rate hike on March 16th puzzles market participants again.



On the daily chart, the signal line of the Marlin Oscillator turned down from the upper border of its own descending channel. At the same time, price convergence with the oscillator also takes place. Closing a gap followed by a downward price reversal fits well with these charting tools. Ultimately, we are waiting for the price at the target level 1.1060, and consolidating the price below it will open the target 1.0910.



On the four-hour chart, Marlin's signal line turned down from the zero line. The situation is completely downward, and the whole question is whether the gap will close or not. It is quite possible that the gap will be closed much later, after the price declines to the level of 1.0910. This can happen if the Fed refuses to raise the rate at the March meeting due to fears of a subsidence of the economy in connection with the escalation of geopolitical tensions.

Analysis are provided byInstaForex.

[IFX Gertrude]

Forex Analysis & Reviews: Forecast for AUD/USD on March 1, 2022

Yesterday, the Australian dollar showed good growth, closed the gap, but it has not hit the 0.7291 target. Perhaps the price will go a little higher, to the high on January 13 (0.7315). Rising above this level will mean that investors are confident that the Federal Reserve will not raise the rate at the next meeting on March 16th. The main scenario assumes a corrective decline after hitting the target range of 0.7291-0.7315. The Marlin Oscillator on the daily indicates a slowdown in the trend.



The situation is completely ascending on the H4 chart: the price is above the indicator lines, the Marlin Oscillator is growing in the positive area. Active growth in commodities supports the aussie's optimism.



Analysis are provided byInstaForex.