-
GBP/USD approaching resistance, potential drop!
https://forex-images.ifxdb.com/userf...d5141b6b95.png
GBPUSD is approaching our resistance at 1.3118 (horizontal overlap resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3039 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis are provided byInstaForex.
-
XAU/USD approaching resistance, potential drop!
https://forex-images.ifxdb.com/userf...e9cd367deb.png
XAUUSD is approaching our first resistance at 1307.84 (61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1297.82 (38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis are provided byInstaForex.
-
Technical analysis: Intraday Levels For EUR/USD, Apr 12, 2019
https://forex-images.ifxdb.com/userf...ffbb14ac12.jpg
When the European market opens, some economic data will be released such as Industrial Production m/m. The US will also publish the economic data such as Treasury Currency Report, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Import Prices m/m, and Import Prices m/m, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1315.
Strong Resistance: 1.1309.
Original Resistance: 1.1298.
Inner Sell Area: 1.1287.
Target Inner Area: 1.1261.
Inner Buy Area: 1.1235.
Original Support: 1.1224.
Strong Support: 1.1213.
Breakout SELL Level: 1.1207.
Analysis are provided byInstaForex.
-
USD/CAD approaching support, potential bounce!
https://forex-images.ifxdb.com/userf...3e63a2959f.png
USDCAD is approaching our first support at 1.3295 (horizontal swing low support, short term ascending line) where a strong bounce might occur above this level pushing price up to our first resistance level at 1.3407 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price.
Analysis are provided byInstaForex.
-
XAG/USD approaching support, potential bounce!
https://forex-images.ifxdb.com/userf...537fb0d9aa.png
XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% retracement , short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis are provided byInstaForex.
-
GBP/USD approaching support, potential bounce!
https://forex-images.ifxdb.com/userf...537fb0d9aa.png
GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement ).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis are provided byInstaForex.
-
NZD/USD approaching support, potential bounce!
https://forex-images.ifxdb.com/userf...d1c9c2f136.png
NZDUSD is approaching our first support at 0.6672 (horizontal swing low support, 61.8% Fibonacci extension . Descending channel support) where a strong bounce to our major resistance at 0.6741 (horizontal overlap resistance, 61.8% Fibonacci retracement ) might occur. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis are provided byInstaForex.
-
XAU/USD approaching support, potential bounce!
https://forex-images.ifxdb.com/userf...d1c9c2f136.png
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement ).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis are provided byInstaForex.
-
CAD/JPY broke key support with strong bearish pressure from Ichimoku cloud, expect further drop!
https://forex-images.ifxdb.com/userf...fcdec0346c.png
Company does not offer investment advice and the analysis performed does not guarantee results
Entry : 83.48
Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement Stop Loss : 83.63
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement Take Profit : 82.69
Why it's good : horizontal pullback support, 61.8% fibonacci retracement
Analysis are provided byInstaForex.
-
The US following China may surprise markets with unexpectedly high GDP growth in the first quarter
https://lh3.googleusercontent.com/4D...M0W9fIOZjnl1M6
The latest temporary government shutdown, trade conflicts and a slowdown in global growth — against this background, the prospects for the first quarter for the US economy did not look promising. However, GDP data for the first three months of 2019 may surprise. After the Chinese economy unexpectedly grew during this period, it is expected that the United States will see a growth of 2.1 percent, although previously the range of analysts' estimates began from 1 percent. In the forecasts of the Atlanta Fed, the range is even more optimistic, between 2.2 and 3.4 percent. If recently most experts spoke about the weakness of the US economy, now they are expecting strong growth in the first quarter. In addition, companies have increased investment, in March, retail sales in the country grew at the fastest rate in 1.5 years - all opposed to the version of the beginning of a recession.
The unexpected reduction in the US trade deficit in February is also evidence of higher growth rates, and only weak production volumes — recall the recent first quarterly decline in industrial output after the election of Donald Trump — can explain such a wide range of estimates.
News are provided by
InstaForex.