Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Yvonne » Mon Sep 30, 2019 1:51 am

Forecast for EUR/USD on September 30, 2019

EUR/USD

On Friday, after the euro's attempt to overcome support at 1.0926, the price chose to return a little higher in order to try to do it with fresh energy in the new week. This morning a little strength was given by economic data on the Asia-Pacific; retail sales for August show growth of 2.0% y/y against the forecast of 0.7% y/y, business activity in the manufacturing sector of China (Manufacturing PMI) for September increased from 49.5 to 49.8. In the afternoon, employment indicators in the euro area will come out, forecasts are neutral, so investors are interested in how much the data deviate from expectations.

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On a four-hour chart, the price is near the signal level of 1.0926, consolidating below it will launch the main decline scenario. We are waiting for the price in the target range of 1.0806/44, formed by the line of the price channel and the Fibonacci level of 161.8%. Strong economic indicators in the euro area and weak in the US (if the Chicago PMI is weaker than the forecast of 50.0) may pull up the euro to the MACD line, to around 1.1000.

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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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Re: Instaforex Analysis

Postby IFX Yvonne » Tue Oct 01, 2019 1:43 am

Forecast for EUR/USD on October 1,2019

EUR/USD

The euro fell by 38 points on Monday. The readings of technical indicators have become even more bearish. On the daily chart, the Marlin oscillator penetrates deeper into the negative trend zone. The target range is the gap from the price channel line to the Fibonacci level of 161.8% - 1.0806/44. Consolidating the price below it opens the second target at 1.0710 - the low of January 2016.

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On a four-hour chart, the signal line simultaneously develops in two conflicting patterns; a convergence reversal formation is formed, but within the framework of a simple rectangle. In this case, both signals lose power. In the evening, ISM Manufacturing PMI will be released in the September assessment - the forecast is 50.4 versus 49.1 in August, and an increase can also be shown for construction costs in August - the forecast is 0.5% against 0.1% earlier. We look forward to further weakening of the eur

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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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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Oct 02, 2019 3:09 am

Technical analysis of ETH/USD for 02/10/2019

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Crypto Industry News:
Testnet network Ethereum under the name Istanbul (which operates under the Ropsten testnet) was launched on September 30. Considering the existing problems related to the dates of the planned hard forks, this can be considered a great success. The whole was able to run even two days before the earlier announced date, which fell on October 2.

Unfortunately, after the activation of Ropsten an unplanned fork occurred. So now two chains are working.

The issue of the community centered around the Vitalik Buterin platform was explained by the community manager at the Ethereum Hudson Jameson Foundation. In his tweet from yesterday, he described what happened. Today, some miners are still mining the old version of Ropsten. Another copy of its new, updated version. The programmer, however, calms down. The problem is to be solved. Information should not worry investors: they are testnets, so that such errors come out during their duration.

Jameson also explains what exactly happened. The genesis of the problem is the nature of blockchains based on the proof-of-work algorithm, including Ethereum. The miners in them must independently update the software to be able to dig as part of a new chain. This time some of them did not and the result was an unplanned division.

Technical Market Overview:
The ETH/USD pair has made a new local high at the level of $185.05, but so far couldn't make it to the 50% of Fibonacci retracement located at the level of $187.37. The supply zone located between the levels of $172.82 - $176.66 has been clearly broken, the momentum is now increasing significantly, so there is a chance for the bulls to hit the level of 50% of even the 61% shortly if the trendline dynamic support around the level of $172.82 will provide the bounce. In the case of a trendline violation, the nearest technical support is located at the level of $163.98.

Weekly Pivot Points:
WR3 - $256.80
WR2 - $233.68
WR1 - $197.61
Weekly Pivot - $174.45
WS1 - $137.03
WS2 - $112.52
WS3 - $77.73

Trading Recommendations:
The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still up. All the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend. When the wave 2 corrective cycles are completed, the market might will ready for another impulsive wave up of a higher degree and uptrend continuation

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Oct 02, 2019 11:55 pm

Trading Idea for NZD/CAD

As you know, cross-rates are an excellent tool for hedging positions in "majors", such as the most popular of them - the EUR/USD pair.

I recommend for each position in major - to have a position in the "right" cross, and you will appreciate this tactic of distributing profits between instruments.

Let's pay attention to the very oversold NZD/CAD cross-instrument, which has passed 10,000 p for 5 figures almost without a pullback since March 2019. However, several people know that this cross has an average rollback passage of exactly 10 points. And right now, after updating the minimum of 2015, it makes sense to buy it with a potential of at least 3,000 p at 5 figures.

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It is easier to do this by collecting a grid of orders in longs on pullback movements. In fact, you will work out a false breakdown on an annual scale, or rather - for 4 years. This does not happen every day. Therefore, it is necessary to take advantage of this unique opportunity.

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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Oct 04, 2019 2:15 am

Elliott wave analysis of GBP/JPY for October 4 - 2019

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GBP/JPY is now hovering just above the ideal corrective target at 130.78. We continue to look for a final dip closer to this target as long as minor resistance at 132.55 and more importantly as long as resistance at 133.36 is able to cap the upside. However, a break above resistance at 133.36 will indicate that red wave ii has completed and red wave iii towards 139.15 is developing.

R3: 133.36
R2: 132.85
R1: 132.55
Pivot: 132.00
S1: 131.47
S2: 131.25
S3: 130.78

Trading recommendation:
We will buy GBP at 131.25 or upon a break above 132.55

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Oct 07, 2019 12:10 am

Control zones GBP/USD 10/07/19

The pair is trading between two significant zones. The resistance was Weekly Control Zone 1/2 1.2388-1.2372, and the weekly CZ 1.2246-1.2213 became the support. To continue medium-term growth, closing of trading above the level of 1.2388 on Monday will be required. This will pave the way for the September maximum. This model has a 50% chance of working out.

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The continuation of the medium-term growth may become the main model for the coming week, as many pairs associated with the dollar formed a reversal pattern in the direction of strengthening.

An alternative model will be developed if the Weekly Control Zone 1/2 test leads to an increase in supply and a halt to growth. This will indicate the formation of a local accumulation zone, where the main goals will be the extremes of last week.

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Daily CZ - daily control zone. The zone formed by important data from the futures market that changes several times a year.
Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ - monthly control zone. The zonethat reflects the average volatility over the past year.

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Oct 07, 2019 11:54 pm

Fractal analysis of Bitcoin on October 8

Forecast for October 8:
Analytical review of cryptocurrency on a scale of H1:

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For the Bitcoin instrument, the key levels on the H1 scale are: 9026.00, 8811.75, 8666.36, 8379.42, 8287.60, 8039.21, 7893.53 and 7698.41. Attention! This instrument is characterized by medium-term trend trading. Here, as expected, the price formed a local structure for the top of October 7. In addition, this instrument has a good correlation with the euro / yen.

The range for entering the market for the purchase is 7948.00 - 8380.00. We expect the development of the upward cycle after the price passes the noise range 8287.60 - 8379.42. In this case, the first goal is 8666.36. Meanwhile, price consolidation is in the range of 8666.36 - 8811.75, as well as a possible rollback to correction. The potential value for the top, where it makes sense to close the position - 9026.00. The range 8039.21 - 7893.53 is a key support for the ascending structure. Its passage at the price will lead to the cancellation of this structure. In this case, the first goal is 7698.41. However, to trade in a downward direction, it makes sense when the local initial conditions for a downward cycle are formed.

The main trend is the initial conditions for the top of October 7.

Trading recommendations:
Buy: 7948.00 - 8380.00 Stop Loss: 7891.00 Take profit: 8666.36
To continue :
Stop Loss: 8287.60 Take profit: 9026.00

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Oct 09, 2019 12:40 am

Forecast for AUD/USD on October 9, 2019

AUD/USD
the opening of the week, the Australian dollar has developed on the scale of a four-hour chart. All days, until this morning, the price was reflected from the support of the MACD line of a four-hour scale. The signal line of the Marlin oscillator penetrates into the growth zone.

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Now the aussie is ready to close the gap formed at the beginning of the week. The purpose of growth is the line of the price channel of the daily scale near the MACD line at around 0.6790. We the fall to resume from the target level.

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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Oct 10, 2019 12:32 am

Gold breaks into battle

Gold quickly returned above the psychologically important level of $1,500 per ounce due to weak statistics on US business activity. The United States feel the pain of trade wars and may well pull the rest of the world into the abyss, as has happened in the past more than once. At the same time, neither the US labor market report nor Jerome Powell's statement about the launch of the asset-purchase program made an impression on the precious metal. Obviously, investors are waiting for something. It is easy to guess that this is news from the negotiating table of Washington and Beijing.

Despite the fact that the Federal Reserve chairman made it clear that the upcoming program for the purchase of short-term securities is not QE, its start can be considered a positive factor for the bulls on XAU/USD. Increasing the activity of a large buyer is a good argument in favor of rising prices and falling profitability. Non-interest-bearing gold is not able to compete with bonds if rates on them rise. If they, on the contrary, decline, the precious metal begins to enjoy increased popularity. This is confirmed by the high demand for products of ETF funds. Their stocks have been increasing for 17 consecutive days, which is the longest winning streak since 2009. The total size of the indicator is only 35 tons below the record high that took place in 2012.

Gold ETF Stock Dynamics

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The strong growth in stocks of specialized exchange-traded funds and the stability of gold against a strong dollar allow Citigroup to adhere to its bullish forecast for XAU/USD. The company believes that the precious metal will grow to $1,700 per ounce within 6-12 months. But on the side of its fans plays and increased activity of central banks! Thus, the People's Bank of China has been building up gold reserves for the 10th consecutive month. During this period, it acquired 99.8 tons. As a result, stocks rose to 62.64 million ounces. According to the World Gold Council, 14 regulators from various countries continue to diversify their reserves in favor of precious metals in order to reduce their dependence on the US dollar. In 2018, central banks from around the world bought $27 billion worth of gold, a record high.

The dynamics of gold reserves in China

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While central banks and ETF fans are buying gold, speculators prefer to exit. In the week of October 1, their net longs fell to their lowest level since late July. It's not necessary to be frightened by it. Financial managers quite logically take profits on the eve of an important event - trade negotiations between the US and China. Most likely, their impact on financial markets will be much greater than the publication of the minutes of the September meetings of the Fed and the ECB.

Technically, the "Splash and Shelf" pattern takes place on the daily gold chart. Breakthrough of the lower boundary of the consolidation range of $1490-1520 will launch another correctional wave in the direction of $1440-1445 per ounce. In contrast, a successful assault on the resistance at $1520 will strengthen the risks of restoring the "bullish" trend and continuing the rally in the direction of the target at 161.8% on the AB=CD pattern.

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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Oct 11, 2019 12:38 am

GBP/USD continues to grow, despite weak data from the UK

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The continued sale of the dollar helped maintain the positive dynamics of the pound, but otherwise the prospects for the British currency are not very good. The UK economy fell by 0.1% in August against the expected stable value. Indicators of manufacturing and industrial production also fell short of forecasts. While the GBP/USD pair maintains its upward trend, although it has slightly deviated from recent highs in response to weak economic data. Demonstrating the miracles of resilience in the 1.2200 mark for the third consecutive session, the pair was able to restore positive movement, however, only amid continued active sales of the dollar.

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In principle, weaker than expected macroeconomic data in the UK could not have a significant impact. Nevertheless, the positive impulse did not receive a new charge, while the pair confidently holds the blow and tries to gain a foothold at a new height, despite the fact that the UK monthly GDP report showed that the economy unexpectedly declined by 0.1% in August. In addition to this, UK manufacturing and manufacturing declined more than expected in August, although this drop was partially offset by a lower-than-expected trade deficit. Now it will be interesting to see if the pair can benefit from the positive movement or fail again at higher levels amid continuing uncertainty surrounding Britain's exit from the European Union.

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