Instaforex Analysis

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Re: Instaforex Analysis

Postby IFX Gertrude » Wed Nov 03, 2021 12:09 am

Forex Analysis & Reviews: Trading plan for GBP/USD on November 3, 2021

The GBP/USD pair closed yesterday below the defining support zone of the Weekly Control Zone 1/2 1.3661-1.3644. This allows us to consider today's growth as an opportunity to search for selling prices.

The opening level of yesterday's trading is decisive, so it can be used as the most favorable selling price for this instrument in the case of today's upward movement. The maximum correction zone is the WCZ 1/4 1.3699-1.3691. The target of the bearish impulse was the Weekly Control Zone 1.3489-1.3455. There is a 75% probability of testing these levels.

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It is not profitable to consider buying options, since the downward movement is a medium-term impulse, which increases the probability of repeated updates of the weekly minimum to 80%. This week's main task is to find favorable prices for sale.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
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Re: Instaforex Analysis

Postby IFX Gertrude » Thu Nov 04, 2021 2:35 am

Forex Analysis & Reviews: Forecast for EUR/USD on November 4, 2021

Yesterday's Federal Reserve meeting was a little "softer" than the markets expected. The central bank cut the asset repurchase program on its balance sheet by $15 billion a month, but strenuously stressed that there is still a long way to a rate hike. Investors reacted accordingly - they sold the dollar. Moreover, the trading volumes were not large, slightly above average, and almost the entire volume was selected in the first hour after the release.

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On the technical side, the likelihood of growth, of course, increased, but strategically the situation remained the same as a day ago; for the growth to develop, the price must settle above the MACD line on the daily chart, above 1.1622. And if the price goes below the level of 1.1572, the risk of price convergence with the Marlin Oscillator opens up again. But as this probability has become lower, it is now indicated by the dotted lines.

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On the four-hour chart, the main change was that the price went above the balance indicator line. If yesterday's initial momentum is maintained, the price will break above 1.1622 and above 1.1630, breaking the MACD line on its timeframe. The Marlin Oscillator is in the positive area. The price has a chance to rise. But... the probability of a price increase is 55%. This is due to the fact that at the same time as the price rises, the technical pressure on it also increases. As mentioned above, strategically, nothing has changed over the past day. Today is likely to pass in anticipation of the market's decision in such a difficult situation.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Fri Nov 05, 2021 2:09 am

Forex Analysis & Reviews: USDJPY potential bullish momentum | 5th Nov 2021

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Price is currently reacting in a triangle and a bullish pennant pattern. We can expect price to bounce from 1st support in line with 88% Fibonacci retracement and 78.6% Fibonacci projection towards the 1st Resistance level in line with 61.8% Fibonacci projection. Our short-term bullish bias is further supported by RSI approaching the support level.

Trading Recommendation
Entry: 113.551
Reason for Entry:
88% Fibonacci retracement and 78.6% Fibonacci projection
Take Profit: 114.024
Reason for Take Profit:
61.8% Fibonacci projection
Stop Loss: 113.412
Reason for Stop Loss:
100% Fibonacci projection

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Nov 08, 2021 3:17 am

Forex Analysis & Reviews: USDCAD bullish bounce | 8rd Nov 2021

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On the H4, with price bouncing off the support on the RSI indicator and price moving above the ichimoku cloud, we have a bullish bias that price will rise from 1st support at 1.24286 in line with the 50% Fibonacci retracement levels and the horizontal overlap support to 1st resistance at 1.24796 in line with the graphical swing high resistance and possibly even to 2nd resistance at 1.24964 in line with the graphical swing high from 12th of October. Alternatively, we may see price break 1st support structure and head for 2nd support at 1.24024 in line with the 78.6% Fibonacci retracement level and horizontal overlap support.

Trading Recommendation Entry: 1.24286
Reason for Entry:
50% Fibonacci retracement levels and the horizontal overlap support
Take Profit:1.24796
Reason for Take Profit:
graphical swing high resistance
Stop Loss:1.24024
Reason for Stop Loss:
78.6% Fibonacci retracement level and horizontal overlap support

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Mon Nov 08, 2021 3:17 am

Forex Analysis & Reviews: USDCAD bullish bounce | 8rd Nov 2021

Image

On the H4, with price bouncing off the support on the RSI indicator and price moving above the ichimoku cloud, we have a bullish bias that price will rise from 1st support at 1.24286 in line with the 50% Fibonacci retracement levels and the horizontal overlap support to 1st resistance at 1.24796 in line with the graphical swing high resistance and possibly even to 2nd resistance at 1.24964 in line with the graphical swing high from 12th of October. Alternatively, we may see price break 1st support structure and head for 2nd support at 1.24024 in line with the 78.6% Fibonacci retracement level and horizontal overlap support.

Trading Recommendation Entry: 1.24286
Reason for Entry:
50% Fibonacci retracement levels and the horizontal overlap support
Take Profit:1.24796
Reason for Take Profit:
graphical swing high resistance
Stop Loss:1.24024
Reason for Stop Loss:
78.6% Fibonacci retracement level and horizontal overlap support

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Nov 09, 2021 2:10 am

Forex Analysis & Reviews: USDCHF potential bearish drop | 9th Nov 2021

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On the H4 timeframe, price is now abiding to a descending trendline resistance, signifying bearish momentum. We can now expect price to make a drop from the 1st resistance in line with 61.8% Fibonacci retracement and 61.8 % Fibonacci projection towards the 1st Support in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement. Price is currently in the middle of the descending trendline resistance and ascending trendline support, hence traders should wait for the price to swing higher or lower before entering into the trade.

Trading Recommendation
Entry: 0.91690
Reason for Entry:
61.8% Fibonacci retracement and 61.8 % Fibonacci projection
Take Profit: 0.91690
Reason for Take Profit:
78.6 % Fibonacci projection
Stop Loss: 0.919325
Reason for Stop Loss:
100% FIbonacci projection and 78.6% Fibonacci retracement

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Tue Nov 09, 2021 2:10 am

Forex Analysis & Reviews: USDCHF potential bearish drop | 9th Nov 2021

Image

On the H4 timeframe, price is now abiding to a descending trendline resistance, signifying bearish momentum. We can now expect price to make a drop from the 1st resistance in line with 61.8% Fibonacci retracement and 61.8 % Fibonacci projection towards the 1st Support in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement. Price is currently in the middle of the descending trendline resistance and ascending trendline support, hence traders should wait for the price to swing higher or lower before entering into the trade.

Trading Recommendation
Entry: 0.91690
Reason for Entry:
61.8% Fibonacci retracement and 61.8 % Fibonacci projection
Take Profit: 0.91690
Reason for Take Profit:
78.6 % Fibonacci projection
Stop Loss: 0.919325
Reason for Stop Loss:
100% FIbonacci projection and 78.6% Fibonacci retracement

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Wed Nov 10, 2021 12:26 am

Forex Analysis & Reviews: Forecast for AUD/USD on November 10, 2021

The Australian dollar is already close to a mid-term pivot point. On a daily scale, the price with the Marlin Oscillator has almost formed a powerful double convergence. The price only needs to go down a bit, and the signal line of the oscillator will touch the line forming the convergence. The MACD line (0.7330) may not even be reached.

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A double convergence is also forming on the four-hour chart. After its completion, the trend is likely to reverse upwards. The price exit above the MACD line, above the level of 0.7433 (yesterday's high), will confirm this reversal in the mid-term trend.

Image

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Nov 11, 2021 2:13 am

Forex Analysis & Reviews: Forecast for EUR/USD on November 11, 2021

The euro fell by 113 points yesterday, which confirmed the variant with the formation of convergence before, as expected, a reversal into medium-term growth. The target of the movement is the 1.1448 level - the high on March 17, 2019. The price may move below the level, for example, to 1.1420, this is the level of the peaks of June 2020 and June 2019.

Image

Of course, the strengthening of the dollar across the market was associated with a strong increase in the CPI in October estimates to 6.2% (forecast 5.8%), but the Federal Reserve needs to get data on the real sector to change its sentiment, and such data as retail sales, growth industrial production, the volume of civil construction will be next week. Investors also need this data, and therefore, after yesterday's rally, they can take a break.

Image

On the four-hour scale, the price settled under the balance and MACD indicator lines, the Marlin Oscillator has already deeply entered the downtrend zone, so we expect the decline to slow down. We are waiting for the formation of technical reversal signs.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

Re: Instaforex Analysis

Postby IFX Gertrude » Thu Nov 11, 2021 2:14 am

Forex Analysis & Reviews: Forecast for EUR/USD on November 11, 2021

The euro fell by 113 points yesterday, which confirmed the variant with the formation of convergence before, as expected, a reversal into medium-term growth. The target of the movement is the 1.1448 level - the high on March 17, 2019. The price may move below the level, for example, to 1.1420, this is the level of the peaks of June 2020 and June 2019.

Image

Of course, the strengthening of the dollar across the market was associated with a strong increase in the CPI in October estimates to 6.2% (forecast 5.8%), but the Federal Reserve needs to get data on the real sector to change its sentiment, and such data as retail sales, growth industrial production, the volume of civil construction will be next week. Investors also need this data, and therefore, after yesterday's rally, they can take a break.

Image

On the four-hour scale, the price settled under the balance and MACD indicator lines, the Marlin Oscillator has already deeply entered the downtrend zone, so we expect the decline to slow down. We are waiting for the formation of technical reversal signs.

Analysis are provided byInstaForex.
Best regards, PR Manager

Learn more about InstaForex Company at http://instaforex.com
IFX Gertrude
 
Posts: 4086
Joined: Wed Nov 07, 2012 6:25 am

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