Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Apr 22, 2019 1:17 am

NZD/USD approaching support, potential bounce!

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NZDUSD is approaching our first support at 0.6672 (horizontal swing low support, 61.8% Fibonacci extension . Descending channel support) where a strong bounce to our major resistance at 0.6741 (horizontal overlap resistance, 61.8% Fibonacci retracement ) might occur. Stochastic is approaching support as well.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

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 » Tue Apr 23, 2019 12:37 am

XAU/USD approaching support, potential bounce!

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XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement ).

Stochastic is also approaching support where we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

Analysis are provided byInstaForex.
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 » Wed Apr 24, 2019 12:37 am

CAD/JPY broke key support with strong bearish pressure from Ichimoku cloud, expect further drop!

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Company does not offer investment advice and the analysis performed does not guarantee results

Entry : 83.48
Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement Stop Loss : 83.63
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement Take Profit : 82.69
Why it's good : horizontal pullback support, 61.8% fibonacci retracement

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 Apr 24, 2019 1:15 am

The US following China may surprise markets with unexpectedly high GDP growth in the first quarter

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The latest temporary government shutdown, trade conflicts and a slowdown in global growth — against this background, the prospects for the first quarter for the US economy did not look promising. However, GDP data for the first three months of 2019 may surprise. After the Chinese economy unexpectedly grew during this period, it is expected that the United States will see a growth of 2.1 percent, although previously the range of analysts' estimates began from 1 percent. In the forecasts of the Atlanta Fed, the range is even more optimistic, between 2.2 and 3.4 percent. If recently most experts spoke about the weakness of the US economy, now they are expecting strong growth in the first quarter. In addition, companies have increased investment, in March, retail sales in the country grew at the fastest rate in 1.5 years - all opposed to the version of the beginning of a recession.

The unexpected reduction in the US trade deficit in February is also evidence of higher growth rates, and only weak production volumes — recall the recent first quarterly decline in industrial output after the election of Donald Trump — can explain such a wide range of estimates.

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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Apr 25, 2019 12:16 am

GBP/CHF reversed off key resistance, expect further drop!

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Company does not offer investment advice and the analysis performed does not guarantee results

Entry : 1.3267
Why it's good : horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.3430
Why it's good : horizontal swing high resistance
Take Profit : 1.2955
Why it's good : horizontal swing low support, 61.8% fibonacci extension

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 » Fri Apr 26, 2019 2:11 am

Technical analysis of EUR/USD for 26/04/2019

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Technical Market Overview:

The EUR/USD market is now consolidating in a narrow range between the levels of 1.1118 - 1.1145 after the downtrend has passed a for a while due to the oversold market conditions. The momentum remains weak anyway and there is no sign of any trend reversal yet. The first important technical resistance is seen at the level of 1.1176 and the next technical support is seen at the level of 1.1109 and 1.1027.

Weekly Pivot Points:
WR3 - 1.1384
WR2 - 1.1352
WR1 - 1.1289
Weekly Pivot - 1.1254
WS1 - 1.1188
WS2 - 1.1157
WS3 - 1.1092

Trading recommendations:
The last take profit level at 1.1118 has been hit and all sell orders should be closed with profit. The traders should now wait for another trading setup to occur shortly.

Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Apr 29, 2019 12:12 am

NZD/USD approaching key resistance, potential reversal!

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Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 0.6717
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 0.6775
Why it's good : horizontal swing high resistance, 50% fibonacci retracement
Take Profit : 0.6585
Why it's good : horizontal swing low support

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Apr 30, 2019 1:39 am

EUR/USD testing key resistance, potential reversal!

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Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 1.1190
Why it's good : horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.1225
Why it's good : horizontal overlap resistance, 50% fibonacci retracement Take Profit : 1.1124
Why it's good : horizontal swing low support

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 May 01, 2019 10:33 pm

Gold price inability to break above resistance will lead prices towards $1,260.

Gold price as expected since $1,270 has bounced for a back test of the major support area of $1,280-90. Now there are a lot of chances that the entire back test is over as bulls remain too weak to break above $1,290-$1,300. The next leg down should follow soon.

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Blue line - major resistance trend line
Red line -RSI support trend line
Red rectangle - major confluence area of resistance (previous support)

Gold price remains below the blue trend line resistance and shows rejection signs once again at the red rectangle area that is now resistance and was once support. Inability by the bulls to recapture the $1,280-90 level is a bearish sign. Since this support area was broken we said that we expect prices to move lower towards $1,250-60. Price fell as low as $1,266 and we said expect a back test and then maybe another move lower. As long as price is below $1,300 we continue to expect prices to move lower towards $1,250-60 or even lower. Any bounce is considered a selling opportunity. Gold should see $1,250-60 if price breaks below $1,270.

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Re: Instaforex Analysis

Postby IFX Yvonne » Fri May 03, 2019 1:39 am

Forecast for EUR/USD on May 3, 2019

EUR/USD

On Thursday, the dollar strengthened, adding 0.2% to the index, which was facilitated by good data on the growth of factory orders – the March figure grew by 1.9% against expectations of 1.0%. The euro lost 22 points, eventually gaining support from the four-hour balance line. The Marlin oscillator on H4 indicates a further decrease in the trend.

Today, the main news will be data on employment in the United States. The increase in jobs outside the agricultural sector in April is expected to be 181 thousand, the average hourly wage may grow by 0.3%, business activity in the non-production sector from ISM is expected to be 57.2 against 56.1 a month earlier.

But in the afternoon, the European CPI is set to be released, and here the forecasts are also optimistic; The base CPI for April is expected to be 1.0% y/y against 0.8% in March, the overall CPI is 1.6% against 1.4% earlier.

The minimum task for the euro today is to consolidate below the level of 1.1155, with fresh forces next week to continue the decline to 1.1075 and 1.0985. The target levels are determined by the Fibonacci grid of the daily chart.

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