Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Mar 23, 2020 1:48 am

Forecast for EUR/USD on March 23, 2020

EUR/USD
The price was marked on the support line of the embedded price channel in the region of 1.0636 on Thursday, Friday, and today. Finally, the signal line of the Marlin oscillator turned upwards on the daily chart, which creates the prerequisite for corrective growth to the level of 1.0879 - to a low of October 1, 2019. Overcoming the Friday low of 1.0636 opens the target 1.0493 - the low of February 2017.

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On the four-hour chart, the Marlin oscillator did not form a strong convergence, the signal line has not yet left the zone of negative indicators. The indicator potential may be enough to work out the price of correctional target of 1.0879.

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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 byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 3044
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Mar 24, 2020 2:57 am

Forecast for EUR/USD on March 24, 2020

EUR/USD
The euro showed a timid correction growth on Monday, but this growth has become confident today in the Asian session. The signal line of the Marlin oscillator continues to gain strength. The first goal of the correction is still the 1.0879 level – the October 1, 2019 low, its overcoming opens the second goal of 1.0967 – the area where the 38.2% Fibonacci level intersects with the embedded line of the price channel and, possibly, also the MACD line, which is approaching this point. The level is created strong, so now we expect the euro to fall from it with a high probability.

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The Marlin oscillator strengthened the growth on the four-hour chart, the signal line was fixed in the zone of positive values – the first goal of 1.0879 is likely to be taken, and the pair's quote will continue to grow towards the second goal.

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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 byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 3044
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Mar 25, 2020 2:59 am

Forecast for AUD/USD on March 25, 2020

AUD/USD
The Australian dollar grew by 145 points on Tuesday, since it worked the correction level of 38.2% of the movement on March 9-19. There are no strong reversal signs, growth to the second correction target by Fibonacci level of 50.0% at the price of 0.6095 is possible.

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On the four-hour chart, the price has consolidated above the MACD line (blue indicator), which shows the price's intention to continue rising to the next Fibonacci level of 50.0% at the price of 0.6095. The signal line of the Marlin oscillator lies in the lateral direction, which indicates the imminent completion of growth, that is, above 50%, the correction will no longer work.

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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 byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 3044
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Mar 26, 2020 2:18 am

Forecast for EUR/USD on March 26, 2020

EUR/USD
The euro added more than 90 points yesterday and reached the first target level of 1.0879. Today, the euro added another 50 points in the Asian session, clearly slowing down on the resistance of the balance line (red indicator ) of the daily price scale. The next growth target is the point of coincidence of the Fibonacci level of 38.2% with the enclosed line of the price channel in the region of 1.0967. At about the same moment, the signal line of the Marlin oscillator can touch the zero line - the boundary with the growth territory, and turn down.

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The price touched the MACD line on the four-hour chart, according to Marlin there is no reversal formation, as a result, the price can make a false exit above the MACD line with working out the target on the daily timeframe, after which we wait for the price to turn down with the target at 1.0636.

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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 byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 3044
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Mar 27, 2020 1:44 am

Forecast for EUR/USD on March 27, 2020

EUR/USD
The euro climbed 150 points on Thursday due to rising risk appetite amid massive infusion of dollar liquidity by the Federal Reserve worth 75 billion dollars a day, the stock market will grow more than 6% (S&P 500 6.24%) and at the same time on the tragic data on applications for unemployment benefits – this past week showed the US economy's opinion in antivirus quarantine, the number of applications reached 3.283 million (!) against the forecast of 1.648 million Before the highest record figure was 669,000 in April 2009. The employment forecast for the next week shows economists' expectations for an increase in unemployment in March from 3.5% to 4.0% and a decrease in non-agricultural employment by 420,000 (in September 2008-422,000). In the euro area, the employment situation is even worse than in the US, but the markets in this situation have traditionally reacted sensitively to the very fact of bad data. Unemployment in Germany for March is expected to rise to 5.1%. We are cautious about the growth of the euro. Also, in the market, investors are taking risks with caution – the trading volume was even less than in the previous days of the week.

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The correction was already 50% of the fall on March 9-20. The euro's desire to continue its corrective growth to 61.8% will be fraught with even greater difficulties. The Fibonacci level range of 50.0-61.8% contains multiple technical levels that have accumulated since July 2019. The price is currently above the MACD line and the Marlin oscillator has broken into the growth zone, but the market just needs to swing down a little and the indicators will again be in negative values. Consolidating the price above the Fibonacci level of 50.0% (1.1070) will make it possible to continue growth from the Fibonacci level of 61.8% at the price of 1.1170. Moving the price under the 38.2% Fibonacci level, which will also mean breaking through the support of the price channel (1.0970), opening a promising goal of 1.0630 along the lower line of the price channel. The intermediate target level of 1.0879 is the low of October 1, 2019.

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The price is still in a growing position on the four-hour chart, but the leading indicator Marlin is already turning down. We are waiting for the development of events.

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

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 3044
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Mar 30, 2020 2:06 am

Forecast for AUD/USD on March 30, 2020

AUD/USD
The Australian pound grew by 122 points on Friday, with the upper shadow marking the enclosed line of the price channel. Today in the Asian session there is an intention of the price to move down from the achieved resistance. The signal line of the Marlin oscillator also touched the boundary with the growth territory and turns around from it. The purpose of the decline, in the case of a confirmed reversal, becomes the underlying price channel line in the region of 0.5838.

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The price exit above Friday's high could extend the aussie's growth to the upper embedded line of the price channel at the intersection with the Fibonacci level of 76.4% at 0.6410. The MACD line also tends to this point.

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On the four-hour chart according to Marlin, a double divergence has formed, the sign of a reversal has strengthened.

Trading recommendations. It is advisable to open sales directly from current levels with consolidating profit in front of the level of 0.5838, S/L 0.6206. If the price goes above 0.6206, we buy with a target in front of the level of 0.6410, S/L 0.6113.

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

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 3044
Joined: Wed Nov 07, 2012 6:25 am

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