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Wave Analysis by InstaForex

This is a discussion on Wave Analysis by InstaForex within the Analytics and News forums, part of the Trading Forum category; Intraday Level For EUR/USD, Feb 08, 2019 When the European market opens, some economic data will be released such as ...

          
   
  1. #361
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    Intraday Level For EUR/USD, Feb 08, 2019



    When the European market opens, some economic data will be released such as Italian Industrial Production m/m, French Prelim Private Payrolls q/q, French Prelim Private Payrolls q/q, and French Industrial Production m/m. The US will not publish any economic data today, so amid such conditions, the EUR/USD pair will move with a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:

    Breakout BUY Level: 1.1396.

    Strong Resistance: 1.1389.

    Original Resistance: 1.1378.

    Inner Sell Area: 1.1367.

    Target Inner Area: 1.1340.

    Inner Buy Area: 1.1313.

    Original Support: 1.1302.

    Strong Support: 1.1291.

    Breakout SELL Level: 1.1284.

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

  2. #362
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    Forecast for USD/JPY on February 11, 2019

    The yen continues to build up strength before breaking out on the resistance of the Krusenstern line daily scale. The price is held by the balance line on the chart of the smaller period-H4. The Marlin line seeks to go out into the growth zone. On the daily chart, the line of this oscillator unfolds in the continuation of growth. The price exit over 110.04 - resistance of the Krusenstern line, will make it possible for the price to attack the Krusenstern line of the higher chart and rise to 110.36 - the resistance of the trend line of the price channel on the daily. Exit above this line opens the way to the resistance of the next line at 111.24.





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

  3. #363
    Senior Member InstaForex Gertrude's Avatar
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    Technical analysis: Intraday Level For EUR/USD, Feb 12, 2019



    When the European market opens, no economic data will be released. The US will publish the economic data such as JOLTS Job Openings and NFIB Small Business Index, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Breakout BUY Level: 1.1331.
    Strong Resistance: 1.1325.
    Original Resistance: 1.1314.
    Inner Sell Area: 1.1303.
    Target Inner Area: 1.1277.
    Inner Buy Area: 1.1251.
    Original Support: 1.1240.
    Strong Support: 1.1229.
    Breakout SELL Level: 1.1223.

    Analysis are provided byInstaForex.
    Best regards, PR Manager
    Learn more about InstaForex Company at http://instaforex.com

  4. #364
    Senior Member InstaForex Gertrude's Avatar
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    EUR/AUD Approaching Support, Prepare For Bounce



    EUR/AUD is approaching its support at 1.5888 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.5972 (50% Fibonacci retracement, horizontal swing high resistance).

    Stochastic (89, 5, 3) is nearing its support at 2.4% where a corresponding bounce could occur.

    EUR/AUD is approaching its support where we expect to see a bounce.

    Buy above 1.5888. Stop loss at 1.5845. Take profit at 1.5972.

    Analysis are provided byInstaForex.
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    Learn more about InstaForex Company at http://instaforex.com

  5. #365
    Senior Member InstaForex Gertrude's Avatar
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    EURUSD: US inflation unchanged. Eurozone continues to slide into recession

    The euro fell slightly after data showed that industrial production in the euro zone declined more than expected in December. However, buyers immediately activated in the area of important support levels and did not allow a larger downward movement to be formed.

    According to the report, industrial production in the eurozone in December 2018 declined immediately by 0.9% compared with November, while the interviewed economists expected a reduction of 0.3% only. Such weak indicators once again confirm the fact of more than a serious slowdown in the economy at the past and at the beginning of this year.

    In the afternoon, there was data on inflation in the United States. Despite the weak report, the US dollar regained some of the positions that was lost yesterday which was paired with the euro.

    According to a report by the US Department of Commerce, consumer prices in the United States in January 2019 remained unchanged in comparison with the previous month, while economists had expected an increase of 0.1%. The base consumer price index, which does not take into account volatile categories, including energy, rose by 0.2% compared with December. Economists had expected the base index to rise by 0.2% in January as well. As compared with the same period of the previous year, prices rose by 1.6% in January, yet it is not enough for the Federal Reserve's target level. Base prices, on the other hand, rose by 2.2% compared with January 2018.



    The British pound fell immediately after data released indicating that the rate of consumer price inflation in the UK slowed down and was beneath the target level set by the Bank of England.

    The main reason for such a sharp decrease was the fall in energy prices at the end of last year.

    According to the data, the consumer price index CPI UK in January 2019 increased by 1.8% compared with January 2017 and an increase of 2.1% back in December. The basic level of the Bank of England is around 2%.

    The base index, which excludes volatile categories, but includes food, tobacco products, and energy, rose 1.9% in January, as well as in December.

    Bear in mind that quite recently, the Bank of England announced that they were not refusing further increases in interest rates. However, given these indicators, it is unlikely that anyone will hurry to tighten monetary policy unnecessarily in the future, which may weaken the position of the British pound, and which will be eliminated under pressure due to the uncertain Brexit scenario and slowdown in the British economy.

    As for the technical picture of the GBP / USD pair, yesterday's upward correction, which was observed in the second half of the day, may continue today. However, this requires breaking through the important resistance levels of 1.2920 and 1.2980.

    Analysis are provided byInstaForex.
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  6. #366
    Senior Member InstaForex Gertrude's Avatar
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    Technical analysis: Intraday Level For EUR/USD, Feb 15, 2019

    When the European market opens, some Economic Data will



    When the European market opens, some economic data will be released such as Trade Balance and Italian Trade Balance. The US will also publish the economic data such as TIC Long-Term Purchases, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Import Prices m/m, and Empire State Manufacturing Index, so amid the reports, the EUR/USD pair will move with a low to a medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Breakout BUY Level: 1.1346.
    Strong Resistance: 1.1340.
    Original Resistance: 1.1329.
    Inner Sell Area: 1.1318.
    Target Inner Area: 1.1292.
    Inner Buy Area: 1.1266.
    Original Support: 1.1255.
    Strong Support: 1.1244.
    Breakout SELL Level: 1.1238.

    Analysis are provided byInstaForex.
    Best regards, PR Manager
    Learn more about InstaForex Company at http://instaforex.com

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