Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Jan 05, 2022 2:08 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 5, 2022

Yesterday's trading range for the euro was 51 points. With its upper shadow, the price tried to reach the resistance of the MACD line, while it ended the day under the balance indicator line with a black candle. Now the price has actually settled below both indicator lines. The Marlin Oscillator approached the zero line and is preparing to move into the negative zone. When it does this, the price will be completely in a downward position. The target of the movement is 1.1170. Overcoming the level opens the second target at 1.1050.

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The price also tried to rise above the MACD line on the four-hour chart; it succeeded, but for a very short time. At the same time, another signal has appeared for the bears - a price reversal to the downside after an unsuccessful attack on resistance. The Marlin Oscillator is in negative territory, the general trend is downward.

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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
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jan 06, 2022 1:49 am

Forex Analysis & Reviews: Forecast for AUD/USD on January 6, 2022

Yesterday, the Australian dollar retested the daily MACD indicator line (arrow) and sharply fell below the target level of 0.7227. This retest became a confirmation of the strength of the MACD line and an additional sign of further price movement down to the target levels of 0.7065 and 0.7007. The final confirmation of the aussie's development under this scenario will be the price drift below the target level of 0.7171 (September 29, 2021 low). The price drift below this level will probably occur simultaneously with the transition of the Marlin Oscillator to the zone of negative numbers. This synchronicity will strengthen the bearish signal.

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On a four-hour chart, the price is completely in a downward trend. Its development takes place under both indicator lines and the Marlin Oscillator goes down in the negative area. Yesterday the price made a false exit above the MACD indicator line and now the downward sentiment of AUD/USD is strengthening.

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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: 5198
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Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jan 07, 2022 12:26 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 7, 2022

The euro slightly fell last Thursday, consolidating ahead of today's US employment data. The forecast is very optimistic: 400,000 new jobs are expected in the non-agricultural sector in December, the unemployment rate may decrease from 4.2% to 4.1%.

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The price settled below the MACD indicator line on the daily chart, the Marlin Oscillator is still hesitating to cross the border with the bears' territory. This will probably happen if the data is not very different from the forecast for the worse - weekly applications for unemployment benefits in the last month came out flat and, we believe, non-farms will also be in the forecast area. As a result, we expect the euro to decline in the next few days to the target level of 1.1170 - to the support area of June 2020.

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The price also settled below the MACD line on the four-hour scale, the Marlin Oscillator is already in the negative area. There is pressure on the price, we are waiting for the resolution of the situation with the release of news.

The alternative scenario assumes the price settling above the level of 1.1310 and further growth to the upper border of the 1.5-month range at 1.1222-1.1383.

*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: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jan 10, 2022 2:06 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 10, 2022

Last Friday, after optimistic data on employment in the US, the euro grew by 64 points by the end of the day, on volumes smaller than on Tuesday-Thursday. The euro's growth occurred against the backdrop of rising yields on government bonds and a fall in the stock market. In general, a picture is being created of the withdrawal of capital from US assets, it is likely that there is a reduction in carry-trade operations, and if this is the case, then the euro's growth will be short-term.

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Today's opening of the market with a falling gap shows investors' uncertainty about further purchases of the European currency. The euro bulls have two technical levels: 1.1383 - the upper limit of the free-roaming range, 1.1415 - the high of June 2019 and June 2020. We can only consider a medium-term growth of the EUR/USD pair to the target level of 1.1570 after the price breaks above 1.1415. But now we can speak of a decline only after the price returns under the MACD indicator line on the daily scale, below 1.1312.

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On the H4 chart, the price is in a growing position - it is above both indicator lines. Growth is supported by the Marlin Oscillator, which is in the positive area. There are no noticeable barriers to the price on the way to 1.1383 (1.1415), especially if today's data on employment in the euro area meet expectations (the forecast for unemployment for November 7.2% versus 7.3% in October), but the price may also return to its original positions Friday on new data on the epidemic, if they show deterioration. We are waiting for the development of events.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
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Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jan 11, 2022 2:28 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 11, 2022

Data on unemployment in the euro area for November was published on Monday, they were in line with the forecast - 7.2% against 7.3% in October. But during the day, stock indices fell across the eurozone and the US, and only recovered slightly closer to the close. The euro followed these trends and eventually closed the day with a black candle, but above the MACD indicator line on the daily chart, which it had already overcome.

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In general, the technical situation does not change; the price is between the support at 1.1310 (MACD line) and the resistances at 1.1383 and slightly above 1.1415. The 1.1383 level is the upper border of the one and a half month sideways trend, the 1.1415 level is a signal for further price growth to 1.1570. Consolidating below 1.1310 will give it the opportunity to first work out the lower border of the range (1.1222), and then attack the support at 1.1170.

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On the four-hour scale, at first glance, the situation seems to be ascending - the price is above both indicator lines and the Marlin Oscillator is in the growing trend zone, but this situation has been changing regularly for a month and a half. We are waiting for the price to settle above 1.1383, or below 1.1310 on a daily scale.

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 Jan 12, 2022 1:16 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 12, 2022

On Tuesday, the following happened: from the opening of the day, the euro's price increased by 30 points, then it fell to the MACD line of the daily scale (-40 p) and, rebounding from it, closed the day with an increase of 43 points. The rebound from the MACD line indicates the desire to reach a target level, it can be either the nearest 1.1383 or just above 1.1415. The Marlin Oscillator is close to divergence with the price, and this moment indicates a probable overcoming of the signal level of 1.1383, and also a price reversal without reaching the target 1.1415.

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But if the price can settle above 1.1415, then the divergence with the oscillator will not take place and the euro will continue to strengthen in the medium term (target 1.1570).

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The price is rising across all indicators on the four-hour chart, but Marlin is growing at a slower pace. Probably, a technical basis is being prepared for a downward price reversal. This is the main scenario.

*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: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Jan 13, 2022 1:32 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 13, 2022

Yesterday the euro crossed the area above the nearest bullish target level of 1.1415, showing a total rise of 75 points. The growth, however, did not occur at very high volumes, although at above average. This suggests that the withdrawal of bears' stops - short positions, gained during the period of consolidation since December last year, has not yet happened, these stops are located higher. And if there was an attack on the nearest orders, it will most likely continue. In this case, the euro's target is 1.1570 - the peak of January 2019.

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On the four-hour chart, the price has consolidated above the target level of 1.1415. The Marlin Oscillator is in the overbought zone, showing an intention to exit it. The price is likely to sag a little before further growth, it will be supported by the level 1.1415, while Marlin will get a release and later continue to move upward.

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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: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Jan 14, 2022 1:25 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 14, 2022

On Thursday, the euro rose a little more after a strong impulse on Wednesday. The price has settled above the target level of 1.1415, now it becomes a support for the bulls, pushing the price to the target level of 1.1570 – the high of January 2019. Successfully breaking this level opens a higher target - the 1.1700/22 range. The Marlin Oscillator is slightly tilting down, perhaps the further upward movement will not be so fast.

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Investors have not been paying attention to macroeconomic statistics in recent days, but today there may be a divergence of data in favor of the euro: in the UK, industrial production in October may show an increase of 0.2%, France's CPI in November may show an increase of 0.2%, CPI Spain +1.3% m/m, the euro area trade balance for November is expected to increase to 7.6 billion euros from 3.6 billion in October, and in the US retail sales for December are forecast to decline by 0.1%. Industrial production in the US for December may show an increase of 0.3%, but for the big picture this is not very convincing.

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On the four-hour chart, Marlin has discharged from the overbought zone, and now it is ready to resume growth.

*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: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Jan 17, 2022 4:08 am

Forex Analysis & Reviews: Elliott wave analysis of GBP/JPY for January 17, 2022

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The corrective consolidation is now complete and the underlying impulsive rally higher to our first target level of 160.54 is taking place. If bulls assert strength, GBP/JPY may go higher to our second target level of 163.39.

Keep the focus on the upside and a break above minor resistance at 157.69 for a continuation towards 160.54 and maybe even higher.

*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: 5198
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Jan 18, 2022 2:24 am

Forex Analysis & Reviews: Forecast for EUR/USD on January 18, 2022

Yesterday, the quote of the European currency did not break down from the target level of 1.1415 (the June 2019 high), lingered on it, and this morning it shows the intention to rise with the Marlin Oscillator turning up on the daily scale chart. The main scenario - growth to the target level of 1.1570 (the January 2019 high) has been preserved.

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The price was supported by the balance indicator line (red) on the four-hour chart. The Marlin Oscillator is moving sideways. It can enter the positive area with the price crossing yesterday's high (1.1434). Thus, the level of 1.1434 becomes a confirming level of further growth. Consolidating below the MACD line, below 1.1386, may push the price to the daily MACD line to the area of 1.1310.

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Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 5198
Joined: Wed Nov 07, 2012 6:25 am

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