Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jan 19, 2022 1:26 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 19, 2022

The euro fell by 85 points on Tuesday and came close to the support of the MACD indicator line on the daily chart (1.1305). Crossing this support will mean opening the way to the target of 1.1170 and below (1.1050). The Marlin Oscillator has reached the zero line - the border with the territory of the downward trend, which, along with the proximity of the price to the MACD line, indicates a high probability of an upward reversal - to overcome the target level of 1.1415 and further advance to 1.1570. Moreover, today the price may not choose a further direction, since after yesterday's strong fall, there is a high probability of consolidation. The 1.1305 level is near the August 2018 low, that is, it is quite strong.

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On the four-hour chart, the price is below both indicator lines, the Marlin Oscillator shows a weak desire to reverse. We are waiting for the formation of consolidation before the support of 1.1305 and the subsequent choice by the European currency of the further medium-term direction.

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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jan 20, 2022 1:03 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 20, 2022

Yesterday, the euro did not reach the support of the MACD daily indicator line (1.1300). The upward movement from yesterday and this morning looks more like a reversal to the upside than a consolidation before support. The signal line of the Marlin Oscillator turned up from its own zero line, from the border with the downward trend. All these signs suggest that the euro intends to overcome the target level of 1.1415 and continue to grow towards 1.1570.

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The departure of the price under the MACD line, under the mark of 1.1300 will naturally open the door to a further decrease to the level of 1.1170.

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On the four-hour chart, the Marlin Oscillator is in a hurry to leave the negative territory, the price is approaching the MACD indicator line at 1.1387, the transition above which visually coincides with Marlin's transition to the positive area. Such a synchronous signal will increase the growth potential.

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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jan 21, 2022 2:05 am

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

Yesterday, the euro was hit by a sell-off as investors withdrew from risky assets. The US stock index S&P 500 fell by 1.10%. The price has reached the support of the MACD indicator line on the daily scale chart. The oscillator is in the downward trend zone. But, despite the increased pressure on the quotes of the single currency, the question of an upward reversal looks sharper than yesterday, since touching the MACD line from above looks like testing it before medium-term growth. The first growth target is 1.1415, then 1.1570. Consolidating below the MACD line will open a bearish target of 1.1170.

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The price converges with the Marlin Oscillator on the four-hour chart. Actually, this circumstance is the main sign of a price reversal to the upside. But the euro remains under pressure, you need to wait at least two more white candles for the divergence to take place, so that there is a visual price reversal. In the meantime, we are waiting for the development of the situation.

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jan 24, 2022 12:49 am

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

Last Friday, the euro bounced up from MACD's indicator line, blocking Thursday's decline. The probability of the price rising to the nearest target level 1.1415 (June 2019 high) has slightly increased.

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The signal line of the Marlin Oscillator went sideways along the neutral zero line. Consolidation is not long, so there may well be a reversal to the upside. Long-term horizontal movements of the oscillator after the signal line exits the overbought zone mainly precede the subsequent decline.

Consolidating below 1.1300 opens the way for the price to 1.1170 (June 2020 support).

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The price converged with the Marlin Oscillator on the four-hour chart. The exit above Friday's high (1.1360) will be a signal to attack the price of the MACD line (1.1385). After the price crosses the indicated level, it is likely that the price will consolidate to break through 1.1415. By this time, the Federal Reserve will have announced its decision on monetary policy.

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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jan 25, 2022 5:06 am

Forex Analysis & Reviews: Indicator analysis. EUR/USD daily review on January 25, 2022

Trend analysis (Fig. 1) EUR/USD is likely to decline on Tuesday, from 1.1326 (closing of yesterday's daily candle) to 1.1299, which is the 61.8% retracement level (red dotted line). After that it will return to the 14.6% retracement level at 1.1327 (yellow dotted line), then go further upwards.

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Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - downtrend
Fibonacci levels - downtrend
Volumes - downtrend
Candlestick analysis - downtrend
Trend analysis - uptrend
Bollinger bands - downtrend
Weekly chart - uptrend

Conclusion: EUR/USD will dip from 1.1326 (closing of yesterday's daily candle) to the 61.8% retracement level at 1.1299 (red dotted line), then go to 1.1327, which is the 14.6% retracement level (yellow dotted line). It may go further up after reaching that level.

Alternatively, the pair could move from 1.1326 (closing of yesterday's daily candle) to the lower fractal at 1.1290 (daily candle from 01/24/2022), then climb further to 1.1327, which is the 14.6% retracement level (yellow dotted line).

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jan 26, 2022 2:56 am

Forex Analysis & Reviews: Elliott wave analysis of Gold for January 26, 2022

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Gold is testing the symmetrical triangle resistance-line and a break above here and more importantly a break above 1,877 will confirm that wave 4 has completed and wave 5 towards 2,700 is in motion. As long as the triangle resistance-line is able to cap the upside we could see gold move a little lower to 1,812, but the downside should be limited and it should just be a matter of time before resistance at 1,877 is conquered and the rally towards 2,700 is in motion.

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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jan 27, 2022 1:36 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 27, 2022

So, at yesterday's FOMC meeting, the Federal Reserve made it clear that the conditions for a rate hike are ripe, that rates can rise without a negative impact on the labor market, and the first increase will be in March. As a result of the day, the dollar index strengthened by 0.51%, the euro lost 60 points. The yield on 5-year US government bonds increased from 1.564% to 1.678%.

On the whole, the Fed's decision, like any thesis of Fed Chairman Jerome Powell's speech, was expected. But the fall of the euro shows that the markets have not yet taken into account the beginning of the US rate hike cycle, as is sometimes expressed in the media. And, perhaps, this is the main idea that has matured as a result of yesterday.

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The price settled under both indicator lines on the daily chart – under the balance line and the MACD line. The price is approaching the first bearish target (1.1170) as planned. Consolidation below the level will open the second target (1.1050).

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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jan 28, 2022 2:04 am

Forex Analysis & Reviews: Forecast for AUD/USD on January 28, 2022

In line with the general weakening of regional currencies (the US dollar index rose 0.77% yesterday), the Australian dollar fell 81 points yesterday, overcame the first target level of 0.7065 and paused before the target level of 0.7007 this morning. The price drop below this level opens the next target at 0.6950.

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On the four-hour chart, by this morning, a weak price convergence with the Marlin Oscillator has formed. The aussie will probably rest a bit under the level of 0.7065 before it declines further.

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Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jan 31, 2022 1:47 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 31, 2022

Last Friday, the euro consolidated under the target resistance level of 1.1170. We expected that this consolidation would precede a further decline towards 1.1050. And in order for the emerging price convergence with the Marlin Oscillator not to take place, otherwise there will be a price reversal upwards, a decrease, at least a small one, already by today.

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On the four-hour chart, the signal line of the Marlin Oscillator rose high enough to reverse again. This signal line may still enter the consolidation range, marked with a gray area, but we expect a quick downward reversal from it.

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Analysis are provided byInstaForex.
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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Feb 01, 2022 1:20 am

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

Yesterday, the Australian dollar made a corrective movement to the target level of 0.7065 - to the high of June 2020. This movement took place within the general downward movement, as the price still remains below the balance indicator line (red). The Marlin Oscillator is planning a downward reversal. Perhaps the correction will not continue. To confirm the resumption of decline, today should close below the level of 0.7065. Downside targets: 0.6950, 0.6870. Everything will be decided today after the Reserve Bank of Australia announces its decision on monetary policy.

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On the four-hour chart, the price stays at the level of 0.7065 for a suspiciously long time, supported by the weakly growing Marlin Oscillator, which has already settled in the positive area. An attempt to overcome the resistance of the MACD line (0.7104) is not ruled out. Success will lead to further growth to the next target level of 0.7171. If, nevertheless, the price settles under 0.7065, then the price development will go according to the main scenario in the near future. The first downside target is 0.6950.

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Analysis are provided byInstaForex.
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IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

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