Instaforex Analysis

Forex broker related topics and discussions

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Mar 21, 2019 2:17 am

Technical analysis: Intraday Levels For EUR/USD, Mar 21, 2019

Image

When the European market opens, some economic data will be released such as ECB Economic Bulletin and EU Economic Summit. The US will also publish the economic data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1489.
Strong Resistance: 1.1482.
Original Resistance: 1.1471.
Inner Sell Area: 1.1460.
Target Inner Area: 1.1433.
Inner Buy Area: 1.1406.
Original Support: 1.1395.
Strong Support: 1.1384.
Breakout SELL Level: 1.1377.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Mar 22, 2019 1:54 am

Brexit: The UK proposed a date of June 30, which did not suit the EU. The deadline is May 22, with a number of conditions

The British pound fell sharply against the US dollar during the first half of the day after news came out that the EU leaders might reject the British Prime Minister Theresa May's request to postpone Brexit. Yesterday, the government sent a request to the EU to postpone the UK release date from March 29 to June 30. However, today there are reports in the media that the release date cannot be postponed to a date later than May 22.

Moreover, one of the EU's conditions is the Parliament's ratification of May's proposed agreement on Brexit, which has already been rejected twice by the House of Commons.

This news put serious pressure on the pound, since this option significantly increases the likelihood that the UK will withdraw from the EU on March 29 without an agreement.

Let me remind you that the summit in Brussels will begin today, where the leaders of the European Union will decide on the granting of the delay and its duration for two days.

As for the fundamental data that came out today on the UK economy, it did not have the desired effect and did not help the pound.

According to the report, UK retail sales increased in February, despite the events related to Brexit.

According to the National Bureau of Statistics, in February 2019, UK retail sales rose by 0.4% compared with January, after rising by 0.9% in January. Economists had expected retail sales to decline by 0.4% in February. Good retail sales are sure to support GDP growth after a weak completion in 2018.

Today, a report was also released in which it was stated that the net borrowings of the PSNB state sector amounted to £0.2 billion in February. The net borrowings of the UK public sector over the past 11 months at the end of March 2019 amounted to 23.1 billion pounds.

The Bank of England's decision to leave the key interest rate at 0.75% slightly supported the British pound. The decision was made with a vote ratio of 9-0.

Image

The regulator said that it expects a smooth tightening of monetary policy in the event of an orderly exit of Great Britain from the EU, and that the outlook for the economy depends on it.

As for the technical picture of the GBPUSD pair, large levels of support are now visible in the areas of 1.3080 and 1.3030. In case of an upward correction on Brexit news, growth can be restrained by the resistances of 1.3225 and 1.3320.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Mar 25, 2019 2:01 am

Control zones AUDUSD 03/25/19

In the middle of last week, the pair reached a monthly KZ, within which the weekly KZ of 0.9914-0.9895 is located. The emergence of a large demand indicates the interest of major players in keeping the course within the monthly volatility. The key zone of correction will be the NKZ 1/2 1.0008-0.9998, the test of which will make it possible for you to get favorable prices for the selling the instrument.

Image

It is important to understand that purchases are corrective in nature, so it will require consolidating a long position when approaching the resistance zone and searching for a pattern in the direction of continuing the medium-term impulse downwards.

An alternative model will be developed if the current closure of the US session occurs above the level of 1.0008. This will open the way for the pair to increase this week and cancel the option of selling the instrument from the NKZ 1/2 zone. The probability of forming a reversal pattern is 30%, which makes it a support.

Image

Daily KZ - daily control zone. The zone formed by important data from the futures market, which change several times a year.

Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Mar 27, 2019 1:02 am

Forecast for GBP/USD on March 27, 2019

Image

Image

GBP/USD
Yesterday, the British pound made another attempt to exit above the signal level 1.3216, but without success. The marlin oscillator readings did not change on both graphs, they are neutral, signal lines develop along the border that separates the growth zone from the decline zone.

On the four-hour chart, the price is below the balance line and the MACD line. The immediate target - the MACD line of the daily chart (1.3020), remains relevant. Leaving prices for this target level opens the subsequent target at 1.2884 - the support line for the weekly price channel.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Mar 28, 2019 1:09 am

Forecast for EUR/USD on March 28, 2019

EUR/USD This morning, the euro did not reach the target level of 1.2434, but it could still happen during the day, which does not break the convergence with the marlin oscillator on the four-hour scale. But regardless of this level's development, the price prepared the technical conditions for a small correction, in the range of 1.1275-1.1310. The upper limit of the range is due to the MACD line resistance on the four-hour chart.

Image

Image

Consolidating prices below 1.1234 opens a new target - 1.1155 (Fibonacci reaction level 110.0%

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Mar 29, 2019 2:43 am

Forecast for GBP/USD on March 29, 2019

GBP/USD
Yesterday, the British pound fell 114 points. The target of 1.3035 was achieved - support for the MACD line of the daily scale. The price went below the red indicator line of balance, which means a shift in the overall trend downwards, the signal line of the marlin oscillator has penetrated deep into the decline territory.

Image

Image

On the four-hour chart, the price consolidated below the indicator lines of the balance and MACD, the marlin oscillator indicates the prospect of a further decline in price.

So, after the price goes below yesterday's low, which automatically means that the price goes under the support of the MACD line on a daily scale, a target of 1.2884 opens - supporting the embedded line of the price channel of the higher timeframe. With the overcoming of this support, it is possible for the price to further decline to the February 14 low - 1.2772.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Apr 01, 2019 12:47 am

EUR/CAD approaching resistance, potential drop!

Image

EURCAD is approaching our first resistance at 1.5033 (horizontal overlap resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 1.4925 (horizontal swing low support). RSI (34) is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure. 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
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Apr 02, 2019 1:11 am

NZD/USD approaching support, potential bounce!

Image

NZDUSD is approaching our first support at 0.67556 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support. 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
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Apr 03, 2019 1:45 am

NZD/USD approaching support, potential bounce!

Image

NZDUSD is approaching our first support at 0.6744 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support. 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
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Apr 04, 2019 12:39 am

Nikkei approaching resistance, potential drop!

Image

Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop 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
 
Posts: 2790
Joined: Wed Nov 07, 2012 6:25 am

PreviousNext

Return to Forex Brokers



cron