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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; Forecast for EUR/USD on March 26, 2020 EUR/USD The euro added more than 90 points yesterday and reached the first ...

      
   
  1. #631
    Senior Member InstaForex Gertrude's Avatar
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    Forecast for EUR/USD on March 26, 2020

    EUR/USD
    The euro added more than 90 points yesterday and reached the first target level of 1.0879. Today, the euro added another 50 points in the Asian session, clearly slowing down on the resistance of the balance line (red indicator ) of the daily price scale. The next growth target is the point of coincidence of the Fibonacci level of 38.2% with the enclosed line of the price channel in the region of 1.0967. At about the same moment, the signal line of the Marlin oscillator can touch the zero line - the boundary with the growth territory, and turn down.



    The price touched the MACD line on the four-hour chart, according to Marlin there is no reversal formation, as a result, the price can make a false exit above the MACD line with working out the target on the daily timeframe, after which we wait for the price to turn down with the target at 1.0636.



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

    Analysis are provided byInstaForex.
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  2. #632
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    Forecast for EUR/USD on March 27, 2020

    EUR/USD
    The euro climbed 150 points on Thursday due to rising risk appetite amid massive infusion of dollar liquidity by the Federal Reserve worth 75 billion dollars a day, the stock market will grow more than 6% (S&P 500 6.24%) and at the same time on the tragic data on applications for unemployment benefits this past week showed the US economy's opinion in antivirus quarantine, the number of applications reached 3.283 million (!) against the forecast of 1.648 million Before the highest record figure was 669,000 in April 2009. The employment forecast for the next week shows economists' expectations for an increase in unemployment in March from 3.5% to 4.0% and a decrease in non-agricultural employment by 420,000 (in September 2008-422,000). In the euro area, the employment situation is even worse than in the US, but the markets in this situation have traditionally reacted sensitively to the very fact of bad data. Unemployment in Germany for March is expected to rise to 5.1%. We are cautious about the growth of the euro. Also, in the market, investors are taking risks with caution the trading volume was even less than in the previous days of the week.



    The correction was already 50% of the fall on March 9-20. The euro's desire to continue its corrective growth to 61.8% will be fraught with even greater difficulties. The Fibonacci level range of 50.0-61.8% contains multiple technical levels that have accumulated since July 2019. The price is currently above the MACD line and the Marlin oscillator has broken into the growth zone, but the market just needs to swing down a little and the indicators will again be in negative values. Consolidating the price above the Fibonacci level of 50.0% (1.1070) will make it possible to continue growth from the Fibonacci level of 61.8% at the price of 1.1170. Moving the price under the 38.2% Fibonacci level, which will also mean breaking through the support of the price channel (1.0970), opening a promising goal of 1.0630 along the lower line of the price channel. The intermediate target level of 1.0879 is the low of October 1, 2019.



    The price is still in a growing position on the four-hour chart, but the leading indicator Marlin is already turning down. We are waiting for the development of events.

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

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

  3. #633
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    Forecast for AUD/USD on March 30, 2020

    AUD/USD
    The Australian pound grew by 122 points on Friday, with the upper shadow marking the enclosed line of the price channel. Today in the Asian session there is an intention of the price to move down from the achieved resistance. The signal line of the Marlin oscillator also touched the boundary with the growth territory and turns around from it. The purpose of the decline, in the case of a confirmed reversal, becomes the underlying price channel line in the region of 0.5838.



    The price exit above Friday's high could extend the aussie's growth to the upper embedded line of the price channel at the intersection with the Fibonacci level of 76.4% at 0.6410. The MACD line also tends to this point.



    On the four-hour chart according to Marlin, a double divergence has formed, the sign of a reversal has strengthened.

    Trading recommendations. It is advisable to open sales directly from current levels with consolidating profit in front of the level of 0.5838, S/L 0.6206. If the price goes above 0.6206, we buy with a target in front of the level of 0.6410, S/L 0.6113.

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

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

  4. #634
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    Forecast for USD/JPY on March 31, 2020

    USD/JPY
    Today, the dollar is correcting up against the yen after the previous four-day fall. The closest and most powerful correction resistance is the MACD line on the daily chart on the price of 109.05. Departure of the price to support the price channel line at 107.02 opens the way to the lower channel line to the 102.60 area. Consolidating the price over the MACD line puts the dollar in a very difficult position of uncertainty of freely roaming in the 109.05-111.88 range, which in practice can mean that a certain range could form - a triangle or a flag.



    The situation is completely decreasing on the four-hour chart: the price is below the indicator lines, the Marlin oscillator is in the negative zone. From which, however, shows the intention to leave. Growth may continue to the MACD line at 109.70, which is higher than the resistance of the MACD line on the daily scale. Even in this discrepancy, uncertainty and possibility that the price could roam around begins. But all this uncertainty is related only to growth. Leaving the price below the linear support of 107.02 opens the way to a decrease to 102.60.



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

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

  5. #635
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    Forecast for EUR/USD on April 1, 2020

    EUR/USD
    Yesterday, the euro launched an attack on the strong technical support of 1.0967, formed by the point of intersection with the line of the descending price channel and the Fibonacci level of 38.2%, as can be seen on the daily scale chart. At the same time, the price tried to gain a foothold under the MACD indicator line, but it returned to this line by the time the session ended.



    Today, it opened under the MACD line and under the balance line (red indicator), which indicates the market's intention to repeat the attack at 1.0967. The signal line of the Marlin oscillator moves parallel to the boundary with the territory of the bears, waiting for a signal from the price itself.



    Marlin is already in the negative trend zone on the four-hour chart, while the price is kept above the balance and MACD lines. An attack pattern is created for the MACD line, that is, to the target level of 1.0875, determined at the low of October 1, 2019.

    So, if yesterday's high of 1.1053 is not violated, short positions in the market can be opened with the target of 1.0875. Stop loss above 1.1053.

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

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

  6. #636
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    Forecast for USD/JPY on April 2, 2020

    USD/JPY
    The second day, the yen is kept in the range of two lines of the price channel (107.02-107.55). Foreign markets, primarily stock indices, are falling, which continues to put pressure on the pair and increases the likelihood of a price drop to the 102.60 target, determined by the price channel on the daily chart. The Marlin oscillator is staying in the declining trend zone. The S&P 500 lost 4.41% yesterday, while the Nikkei 225 is losing 0.86% today in the Asian session.



    A convergence has formed on the four-hour chart according to Marlin, but if a price reduction occurs in the next few hours, then a convergence will not form, the growth of the oscillator will take on the character of an indicator discharge before a further decrease.



    If the price drops below yesterday's low of 106.93, sales may be opened with a target above 102.60, s/l above 107.85.

    Overcoming the price of the upper limit of the range does not lead to opening purchases, since the growth rate is uncertain, it ranges from a little above 107.85 (false puncture) to 109.70 - the MACD line on daily, or even higher - up to 109.80, to the MACD line on H4.

    Analysis are provided byInstaForex.
    Last edited by InstaForex Gertrude; Today at 06:45 AM.
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