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InstaForex Gertrude
Senior
 

February 9th, 2021, 8:30 am

Forex Analysis & Reviews: Forecast for AUD/USD on February 9, 2021

AUD / USD
On the back of yesterday's pronounced increase in risk appetites given by the large-scale growth of cryptocurrencies - the value of this market for the day increased by 143 billion dollars, which led by bitcoin with a trading volume of 120 billion dollars, and the total capitalization of this market yesterday was 1.316 trillion dollars. Dollars, increased to 1.363 trillion, which strongly affected the market of real national currencies and stock markets: the Australian dollar rose by 26 points, the S & P500 added 0.74%.

As we can see on the daily chart, the signal line of the Marlin oscillator has left the descending channel up and is currently preparing to enter the zone of positive values. The price itself went to the target range of 0.7765 / 83 (defined by the peaks of January 21 and 13), after which it can go to storm the January high of January 6, the target of which is slightly higher - 0.7830.

Based on a four-hour scale, the situation is completely growing: the price rises above the indicator lines, the Marlin oscillator rises without signs of a reversal. So, the nearest target of the Australian dollar is 0.7765/83.

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InstaForex Gertrude
Senior
 

February 10th, 2021, 7:05 am

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

AUD / USD
Yesterday, the Australian dollar rose by 36 points. There is still much time left to go to work out the target range of 0.7765 / 83. Thus, it is already becoming much more difficult for the "Australian". The Marlin oscillator outlines a reversal from the border with the territory of growth. The price can work out the target range with a declining oscillator, but the growth should slow down, respectively, the goal will be reached only tomorrow.

Based on the four-hour chart, the Marlin is not pronounced but it is only discharged perhaps before the further growth. But be that as it may, the time for purchases is not suitable, it is only possible to hold previously opened positions.

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InstaForex Gertrude
Senior
 

February 11th, 2021, 7:47 am

Forex Analysis & Reviews: Forecast for USD/JPY on February 11, 2021

USD/JPY
The yen has been lingering suspiciously long at 104.62, forming a new consolidation on it. Such consolidation indicates the intention of the market to continue the decline, in this case, the target is to support the embedded line of the price channel in the area of 104.02. The signal for such a breakthrough will be the transition of the price under yesterday's low of 104.42.

If the price still intends to continue to grow, then it must do it today, overcoming the top of yesterday's 104.85. The Marlin oscillator on the four-hour chat is turning up, this sign preserves the probability of price growth.

But before reaching the main target of 105.33, the price will need to overcome two previous levels: the already specified 104.85 and 105.05 along the MACD line on H4. It is the MACD line that is now of the greatest importance; if the price cannot overcome it, then a trend reversal will occur with the intention of working out 104.02.

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InstaForex Gertrude
Senior
 

February 12th, 2021, 7:16 am

Forex Analysis & Reviews: Cryptocurrency for everyone: the oldest bank of US BNY Mellon will conduct operations with digital assets

The cryptocurrency market, after a slight decline, began to strengthen its position again and grow in price. The euphoria after the news from Elon Musk has already faded, but bitcoin continues to grow and on February 11 sets a new historical high, rising by 4% over the past day. The cost of the main cryptocurrency reached the mark of $48.4 thousand. The reason for this growth was the news about the launch of operations with the Bank of New York Mellon and Mastercard cryptocurrencies.

Even though large investment companies in America have already shown interest in cryptocurrency, the US Securities Commission quite categorically considers applications for the ability to conduct operations with digital money. Everyone thought that Visa and Tesla would launch the necessary wave of interest, but few could have predicted that the largest and oldest US bank would start working with cryptocurrency. The financial giant is already developing the necessary software for working with cryptocurrencies, which will be available this year.

Against the background of this news, the value of bitcoin soared by 4%, which indirectly affected other coins. The cryptocurrency market is steadily growing in price, with small drawdowns, for the second week in a row. Large investors are showing increasing interest in bitcoin, which will become a flagship in the assimilation of the crypto market and global financial institutions. Given that these announcements are of a long-term nature, in the near future we should expect new historical highs in prices for other cryptocurrencies.

The interest of retail and large investors, as well as the development of software for the introduction of crypto coins in global financial institutions, makes the interest in the crypto market more conscious and not spontaneous. In turn, this affects the dynamics of rising and falling prices, price correction and the flow of investment. Together, all these factors can affect the high volatility of the cryptocurrency, which will be the main step in the introduction of these assets in financial transactions at the household level.

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InstaForex Gertrude
Senior
 

February 15th, 2021, 9:05 am

Forex Analysis & Reviews: Hot forecast for EUR/USD on 02/15/2021

We can absolutely calmly say that the single European currency has actually stood still for several days in a row. Of course it gradually decreased for nearly the entirety of Friday, and it completely won back all these losses closer to the end of the US session. But the scale of these movements, at best, can be called extremely modest. Something in the region of thirty points one way and the other. Which, in general, is not surprising, since the macroeconomic calendar was completely empty on Friday. So there was simply nothing for investors to grab onto.

Today the situation is somewhat different, as data on retail sales will be published in Europe, which should show zero growth. More precisely, they can show no change in annual terms. And oddly enough, this can be perceived as an extremely positive factor, since the European industry has been declining for twenty-five consecutive months. That is, it has been decreasing since November 2018. The data for December last year will be published today. In general, despite the depressing state of affairs in the European industry, the fact that the recession has stopped already seems like incredible growth, which will contribute to the euro's appreciation. Industrial production (Europe):

After a short pullback from the resistance point of 1.2150, the EURUSD pair returned to the area of last week's high, while showing interest in growth.

The market dynamics is below average, while local jumps are slipping in the market, which indicates that speculators are on it.

Based on the quote's current location, it is clear that market participants are already practically touching the resistance level of 1.2150, where, given the recent pullback, a regrouping of trading forces could have occurred, which will positively affect the volume of long positions.

Considering the trading chart in general terms, the daily period, you can see that the quote follows in the structure of the corrective move from the high of the medium-term trend of 1.2349, where, taking into account the recovery, we are about halfway from the high of the trend.

We can assume that the recovery process relative to the corrective move may continue to be present in the market, but in order to do so, the quote needs to stay above 1.2155, which will open the way in the direction of 1.2190, this is the first point of a possible move.

In case the price does not surpass the 1.2155 level on a four-hour period, then a fluctuation along the 1.2110/1.2160 range is not excluded.

From the point of view of a comprehensive indicator analysis, we see that the indicators of technical instruments signal a buy, since the quote can be found in the 1.2150 region.

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InstaForex Gertrude
Senior
 

February 16th, 2021, 8:38 am

Forex Analysis & Reviews: Elon Musk continues to manipulate the currency market

Once again, news from Elon Musk, who has recently become extremely interested in the cryptocurrency market, comes out. Recall that at first, his comment on the social network led to an increase in bitcoin by $5 thousand, and then his company Tesla announced the purchase of bitcoin in the amount of $1.5 billion, which provoked an increase of another $5,000. Thus, in principle, only Elon Musk is responsible for a fifth of the cost of the "cue ball" at this time. It's scary to imagine what will happen if Musk or other similar businessmen comment on cryptocurrencies every couple of days. However, Musk decided to give bitcoin a break and switched to the Dogecoin cryptocurrency. In the social network Twitter, Musk made a post in which he supports the potential solution of large holders of the Dogecoin. According to Musk, the problem with the token is that it is concentrated in too narrow a circle of owners. After this statement, Dogecoin fell by 19%. Earlier, the same Elon Musk commented on the same cryptocurrency Dogecoin (wrote that it is undervalued) and then followed a powerful growth. Thus, only one owner of Tesla is responsible for four powerful jumps in the cryptocurrency market and this is only in the last 7-10 days. Well, traders can once again personally observe what is happening in the cryptocurrency market and what are the reasons for this. Bitcoin, by the way, this night again rose in price and is already worth almost $50,000 per coin. At the same time, it is still extremely difficult to name at least one fundamental reason why the cryptocurrency has grown 5 times in a few months. And it's not just Bitcoin that's growing! Other cryptocurrencies are also being pulled up, ergo, the entire cryptocurrency market is growing. The more news of this nature from Elon Musk or other major investors and companies we will receive, the more likely it is that cryptocurrencies will continue to grow in price. We continue to insist that sooner or later there will be a collapse. There will not be a scenario in which bitcoin will grow to $100,000 per coin, and then adjust to $80,000 and remain at this level in the medium term. No, when large investors start taking profits on long positions, then the "domino effect" will begin, everyone will immediately rush to sell bitcoin and other major cryptocurrencies at the maximum value, which will lead to the collapse of the entire cryptocurrency market, as it was already in 2017. Therefore, we still believe that bitcoin is a great tool to make money, but we need to be prepared for its collapse.


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IFX Gertrude
Junior
 

February 19th, 2021, 5:34 am

Forex Analysis & Reviews: Forecast for AUD/USD on February 19, 2021

AUD/USD
The support of the balance indicator line has confirmed its impact on the price. After reaching the lower shadow, the price successfully broke through the entire range of 0.7765/83 and closed the day inside it. However, it is now trying to leave it in order to decline. In this case, the price should consolidate below yesterday's low, and move below the balance indicator line. If so, we can expect the downward trend to extend to the target range of 0.7625/41. The Marlin Oscillator is in the area of positive levels, and thus, we should get ready to break through this today.

In the H4 chart, yesterday's low of 0.7732 is located below the MACD line (blue moving average). This level can be a good pivot point to determine the price's intention to continue its decline. Here, the Marlin Oscillator is in the negative trend zone. It is possible that an attack on the signal level of 0.7732 will be made today, but the development can only be expected next week.

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Guest

February 22nd, 2021, 7:06 am

Forex Analysis & Reviews: Forecast for GBP/USD on February 22, 2021

GBP/USD

The pound was trying to reach the target level of 1.4070 on the reversing Marlin oscillator last Friday and also this morning. The price, especially with the support from the growth of other world currencies, still has the opportunity not only to reach this level, but also to rise above it. But if there is no such support, the price will return to the 1.3950/65 range and, after settling below it, will go further down to the target level of 1.3835.

The four-hour chart shows that the probability of forming a divergence with the Marlin oscillator still remains, only it will be weaker. The divergence will not be broken if the price rises to the 1.4070 level. To open short positions, you are advised to wait for the price to settle under the range of 1.3950/65.

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IFX Gertrude
Junior
 

February 22nd, 2021, 7:06 am

Forex Analysis & Reviews: Forecast for GBP/USD on February 22, 2021

GBP/USD

The pound was trying to reach the target level of 1.4070 on the reversing Marlin oscillator last Friday and also this morning. The price, especially with the support from the growth of other world currencies, still has the opportunity not only to reach this level, but also to rise above it. But if there is no such support, the price will return to the 1.3950/65 range and, after settling below it, will go further down to the target level of 1.3835.

The four-hour chart shows that the probability of forming a divergence with the Marlin oscillator still remains, only it will be weaker. The divergence will not be broken if the price rises to the 1.4070 level. To open short positions, you are advised to wait for the price to settle under the range of 1.3950/65.

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IFX Gertrude
Junior
 

February 23rd, 2021, 7:28 am

Forex Analysis & Reviews: Forecast for EUR/USD on February 23, 2021


EUR/USD
Yesterday, the euro received strong ideological support from the expected growth trends in US government bond yields. The yield on 5-year securities did not grow very high, but it overcame the psychological level of 0.60% and there were forecasts (rather expectations) of growth to 1.0%, 1.5% and even 2.0%. If this goes on, then the euro will have great prospects. The Federal Reserve should somehow intervene in the emerging situation, because with a government debt of 27.896 trillion. dollars, to which another 1.9 trillion will be added. according to the "Biden plan", its maintenance will be difficult. We believe that the US central bank will take control of the yield curve earlier than the markets expect. It is possible that the media are already fulfilling a social order, raising a fuss on this issue

Now the euro is facing the task of consolidating above the 1.2190 level. In this case, the subsequent correction from the 8th Fibonacci timeline will not be deep, approximately to the MACD indicator line (1.2100), afterwards the price may continue to rise to the upper target of 1.2272. The price is above the balance indicator line, while Marlin moves into the positive trend zone, the probability of growth is 80%.

The price reversed from the support of the MACD line on the four-hour chart, it increases without signs of a reversal.

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IFX Gertrude
Junior
 

February 24th, 2021, 7:16 am

Forex Analysis & Reviews: Forecast for EUR/USD on February 24, 2021

EUR/USD
Yesterday, the euro stopped rising on its way to the nearest target of 1.2190, but it is still determined to reach not only this target, but also 1.2272. Drifting under the MACD line, below 1.2105, will return the euro to a downward trend.

The price rises on the four-hour timescale, while the Marlin oscillator turns up. We are waiting for the price to overcome the first target at 1.2190.

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IFX Gertrude
Junior
 

February 25th, 2021, 6:16 am

Forex Analysis & Reviews: Forecast for USD/JPY on February 25, 2021

USD/JPY
The US dollar showed a significant increase against the Japanese yen on Wednesday. Thus, it is now possible not only to reach the target range of 106.50/65 in the near future, but also to break through it, with the aim to rise further towards the target range of 107.35/50.

The price consolidated above both the balance indicator (red) and MACD lines in the H4 chart. Meanwhile, the Marlin oscillator is in the upper zone. The upward trend is likely to strengthen after the price managed to break through the February 17 high set at 106.23.

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IFX Gertrude
Junior
 

February 26th, 2021, 7:53 am

Forex Analysis & Reviews: Forecast for GBP/USD on February 26, 2021

GBP/USD
The technical spike, that the British pound formed on Thursday, completely worked out yesterday - the pair dropped 128 points. The price reached the target range of 1.3950/65 this morning. Falling below the lower border of this range opens the next target at 1.3830 - the low on February 17. A correction is likely from this level, since by this time the signal line of the Marlin oscillator will reach the border with the territory of the downtrend and, most likely, will not overcome it on the first attempt.

The price settled below both indicator lines on the four-hour chart - balance and MACD, while Marlin is deeply in the negative zone. The trend is completely downward.

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IFX Gertrude
Junior
 

March 1st, 2021, 6:44 am

Forex Analysis & Reviews: Forecast for EUR/USD on March 1, 2021

EUR/USD
The euro fell by 99 points last Friday, broke through the support of the MACD line, but the Marlin oscillator only touched the border of the downward trend area and now a correction is taking place.

The downward momentum is set strong, we are waiting for the price to move to the 1.1870-1.1915 target range. From the specified range, we expect a correction of the order of one figure, afterwards it could fall again (1.1760). The nearest target, however, is 1.2023, but in order to reach it, it is necessary to overcome Friday's low, as shown on the four-hour chart.

The trend is completely downward on the four-hour chart, while the Marlin signal line is slightly to the upside, showing the current correction.

So, we are waiting for the price to surpass the signal level of 1.2062.

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IFX Gertrude
Junior
 

March 2nd, 2021, 7:55 am

Forex Analysis & Reviews: Forecast for EUR/USD on March 2, 2021

EUR/USD
Yesterday, the euro traded in a range of 74 points, closing the day with a decline and consolidation below the balance (red) and MACD (blue) indicator lines. The balance line shows the market mood within the trend, the MACD line determines the trend itself. Now the price is approaching the target level of 1.2023, identified at the February 17 low. Getting the price to settle below it opens targets like 1.1915, then 1.1870. The Marlin oscillator is in a downward trend zone.

The price continues to fall without signs of a reversal on the four-hour chart:

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IFX Gertrude
Junior
 

March 3rd, 2021, 7:16 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 3, 2021

AUD/USD
The Australian dollar moved higher yesterday with the support of the Marlin oscillator, which has penetrated the area of the rising trend on the daily chart. But since this is a correctional growth, we do not expect a succeeding significant growth in price. There is an increase in prices on the commodity market and AUD/USD will feel a little better than European currencies, albeit without a pronounced growth.

The correction continues on the four-hour chart, the growth limit is seen in the area of the MACD line, near the level of 0.7875. After getting the price to settle below the target range of 0.7765/83, we expect it to fall to the range of 0.7625/41 (peak on December 17, 2020).

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IFX Yvonne
Junior
 

March 4th, 2021, 8:56 am

Forecast for GBP/USD on March 4, 2021

Yesterday, the British pound briefly jumped above the target range of 1.3950/65 and returned below its lower bound. The price continues to moderately decline at the moment. The Marlin oscillator is preparing to move into the negative zone, which will strengthen the decline to the first target level 1.3822. Then we wait for the quote at the MACD line in the 1.3727 area - in the accumulation range of the last decade of January.

Image

The Marlin oscillator is already in the downward trend zone on the four-hour chart, we are waiting for a succeeding decline from the pair.

Image

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

March 5th, 2021, 7:05 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 5, 2021

AUD/USD
Yesterday, the Australian dollar was expectedly supported by the leading currencies. The US dollar index strengthened by 0.69%. At the same time, the Australian dollar hardly lost much (46 points), pausing at the support of the MACD line. And then, it did the main thing – During the Asian trading session, it broke through the support and quickly declined. The Marlin oscillator has forcefully entered the downward trend zone. Thus, the situation has become completely declining.

On the daily chart, the targets are set at 0.7615, 0.7565, 0.7500, 0.7375. The medium-term target of the AUD/USD pair is located at 0.7170 level, from which there was a formation of complex consolidations last summer and autumn 2020.

The MACD signal line in the H4 chart has left the consolidation at the zero level below (gray area on the chart), and is going deeper into this negative zone. The situation is fully downward.

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IFX Gertrude
Junior
 

March 5th, 2021, 7:06 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 5, 2021

AUD/USD
Yesterday, the Australian dollar was expectedly supported by the leading currencies. The US dollar index strengthened by 0.69%. At the same time, the Australian dollar hardly lost much (46 points), pausing at the support of the MACD line. And then, it did the main thing – During the Asian trading session, it broke through the support and quickly declined. The Marlin oscillator has forcefully entered the downward trend zone. Thus, the situation has become completely declining.

On the daily chart, the targets are set at 0.7615, 0.7565, 0.7500, 0.7375. The medium-term target of the AUD/USD pair is located at 0.7170 level, from which there was a formation of complex consolidations last summer and autumn 2020.

The MACD signal line in the H4 chart has left the consolidation at the zero level below (gray area on the chart), and is going deeper into this negative zone. The situation is fully downward.

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IFX Gertrude
Junior
 

March 8th, 2021, 7:34 am

Forex Analysis & Reviews: Forecast for USD/JPY on March 8, 2021

USD/JPY
Last Friday, the USD/JPY pair continued its intensive growth, reaching above the target level of 108.16. Visually, the price will close today with a white candle, but the Marlin oscillator has already reached the overbought zone and is planning a reversal from the upper limit of its own growing channel. This morning came the data on Japan's balance of payments for January, which showed a deterioration in the indicator: 0.647 trillion yen versus December 1.166 trillion and forecasted 1.23 trillion yen. The data, of course, does not contribute to risk appetite (Nikkei 225 adds 0.2% against the background of the Australian S&P/ASX 200 1.20%). But nevertheless, stock indexes are growing and keeping the dollar from a deep correction. It is possible that the correction will not go even under the overcome level of 108.16 (the top of July 1, 2020), so today can be closed with a small black candle. And tomorrow, the growth will continue to the previously defined target of 109.10. From this level, a deeper correction is already likely and the exit of the signal line of the Marlin oscillator from the growing channel will become false, it will return to it later.

There are no reversal signs on the four-hour chart, only the Marlin slightly decreases with the last three candles growing, but this is still not a trend and not a signal for a reversal. We are waiting for developments. Today, the main factor is time.

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TitanKenneth
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Location: New York
 

March 8th, 2021, 3:54 pm

[quote="IFX Gertrude"]Forex Analysis & Reviews: Forecast for USD/JPY on March 8, 2021

USD/JPY
Last Friday, the USD/JPY pair continued its intensive growth, reaching above the target level of 108.16. Visually, the price will close today with a white candle, but the Marlin oscillator has already reached the overbought zone and is planning a reversal from the upper limit of its own growing channel. This morning came the data on Japan's balance of payments for January, which showed a deterioration in the indicator: 0.647 trillion yen versus December 1.166 trillion and forecasted 1.23 trillion yen. The data, of course, does not contribute to risk appetite (Nikkei 225 adds 0.2% against the background of the Australian S&P/ASX 200 1.20%). But nevertheless, stock indexes are growing and keeping the dollar from a deep correction. It is possible that the correction will not go even under the overcome level of 108.16 (the top of July 1, 2020), so today can be closed with a small black candle. And tomorrow thanks
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IFX Gertrude
Junior
 

March 9th, 2021, 7:33 am

Forex Analysis & Reviews: Forecast for EUR/USD on March 9, 2021

EUR/USD Yesterday, the euro decided to go down from its local price channel. Now the following target levels are ahead: 1.1800 (low of November 23, 2020), 1.1745 (low of November 11), 1.1688-1.1700. The main target is the last one- the 1.1688-1.1700 range, which is referenced by the low on October 15, 2020.

The price divergence with the oscillator develops on the four-hour scale, but if it is not broken today, then only a nominal correction is expected, to the lower border of the price channel, from which the price left yesterday (1.1880).

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IFX Gertrude
Junior
 

March 10th, 2021, 7:22 am

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

AUD/USD
Yesterday, the Australian dollar gained 68 points. And although it did not try to break through the support level of 0.7615, it managed to work out the resistance of the MACD line on the daily time frame. This morning, the price is declining again, so we should still expect it to fall further towards the 0.7615 mark. Meanwhile, commodity markets have outlined a decline, which supports the currency pair. In this case, a prolonged decline can be expected tomorrow, when the ECB announces its monetary policy guidelines. The targets remains at 0.7565 and 0.7500.

The Marlin Oscillator slightly went above the neutral line in the four-hour chart, but it is going to return along it. Otherwise, the situation will remain unchanged, that is, moving downwards.

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IFX Gertrude
Junior
 

March 11th, 2021, 7:33 am

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

EUR/USD
Another day passed in anticipation of the European Central Bank meeting. Yesterday, the trading range for the euro was 60 points without any attempts at serious action. According to the general median opinion prevailing in the market, the ECB in the face of the European recession should show at least verbal softness, declaring its readiness to use any means of accommodation policy at any time, up to a rate cut. And since investors are already tuned in to such rhetoric, it is already easier to find it even in an essentially neutral speech. Our main scenario assumes that the price would move from the descending price channel of the daily timeframe (1.1874) and advance towards targets like 1.1800, 1.1745.

On the four-hour chart, the increased exit of the Marlin oscillator into the growth zone is suspicious, but the current significance of the ECB meeting is so great that it can easily change any technical picture. In case the euro sharply falls, Marlin will have a longer downward movement. This is how this indicator will be read, but not now, but it is a fact.

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IFX Gertrude
Junior
 

March 12th, 2021, 8:39 am

Forex Analysis & Reviews: Forecast for USD/JPY on March 12, 2021

USD/JPY
The Japanese yen continued to adhere to its target yesterday to exit the declining price channel, that is, above the 109.17 mark, move towards the target level of 110.34, and possibly further rise. If we analyze the pair's growth amid the confusing ECB meeting on Thursday, there is a high probability that the price will reach the specified target level. The Marlin Oscillator signal line is also directed upwards.

The price in the H4 chart is supported by the balance indicator line. On the other hand, the Marlin is approaching the border within the growth area. Thus, the price is expected at the nested line of the upward price channel in the area of 110.34.

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IFX Gertrude
Junior
 

March 15th, 2021, 7:25 am

Forex Analysis & Reviews: Forecast for GBP/USD on March 15, 2021

GBP/USD Last Thursday and Friday, the pound went above the target level of 1.3950 for a short time and is now preparing to attack the support of the MACD line (1.3800). Success will lead the pound to advance to deeper targets: 1.3630 and 1.3460. The same maneuver with a short-term exit above the neutral level was made by the Marlin oscillator and now it is in the downward trend zone.

The price is between the MACD line and the 1.3950 target level on the four-hour chart. The Marlin oscillator is formally in the growth zone, but it still moves horizontally along the border. A more probable development of the situation will be the price drift under the opening of the week (and under the MACD line on H4) and advance to the first target of 1.3800.

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IFX Gertrude
Junior
 

March 16th, 2021, 6:47 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 16, 2021

AUD/USD
On the daily chart, the Australian dollar is trying to gain a foothold under the MACD indicator line. But for a complete consolidation, it is necessary for today to close with a black candle. The Marlin Oscillator has entered negative territory.

It looks like the Australian dollar, along with the European currencies, is waiting for tomorrow's Fed meeting. But it may still slowly decline because oil, gold, metals, and a number of agricultural commodities are getting cheaper yesterday and this morning.

On the four-hour chart, the price is still above the MACD line. A decline in the price below 0.7724 will be a signal to open short positions. Marlin is already in the negative zone.

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IFX Gertrude
Junior
 

March 16th, 2021, 6:53 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 16, 2021

AUD/USD
On the daily chart, the Australian dollar is trying to gain a foothold under the MACD indicator line. But for a complete consolidation, it is necessary for today to close with a black candle. The Marlin Oscillator has entered negative territory.

It looks like the Australian dollar, along with the European currencies, is waiting for tomorrow's Fed meeting. But it may still slowly decline because oil, gold, metals, and a number of agricultural commodities are getting cheaper yesterday and this morning.

On the four-hour chart, the price is still above the MACD line. A decline in the price below 0.7724 will be a signal to open short positions. Marlin is already in the negative zone.

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IFX Gertrude
Junior
 

March 17th, 2021, 7:53 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 17, 2021

AUD/USD
Yesterday, the Australian dollar consolidated under the blue MACD indicator trend line on the daily chart. This signals a change in the trend that reversed from the 0.8010 mark on February 25. At the same time, the Marlin Oscillator has entered the downward zone, thereby putting relevance to the target levels set at 0.7615, 0.7565 and 0.7500 on the specified chart.

The price in the H4 chart is still above the MACD line, but the Marlin oscillator shows that it is determined to break through this support immediately. During the past day, an attempt was made to break through the MACD line, but ended unsuccessfully. Today, there will be a stronger pressure from the outcome of the FOMC meeting. If the price moves below the MACD line (0.7717), the path will be opened towards the first target level of 0.7615.

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IFX Gertrude
Junior
 

March 18th, 2021, 8:10 am

Forex Analysis & Reviews: Forecast for USD/JPY on March 18, 2021

USD/JPY
The Japanese yen did not react strongly to the sharp weakening of the dollar yesterday after the announcement of the Fed's optimistic economic forecasts. The yen preferred to extend the consolidation and look around. This morning, the dollar stopped falling, and stock indexes continued to rise. This situation once again favors the USD/JPY pair in continuing to grow towards the target of 110.35. A weak divergence with the Marlin oscillator, as we noted yesterday, takes on the character of a discharge of the indicator before further growth.

On the four-hour chart, the price is still below the MACD indicator line, the Marlin is formally in the growth zone, but continues to move sideways in its own range. The signal to buy will be the exit price above yesterday's top, 109.34.

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IFX Gertrude
Junior
 

March 19th, 2021, 8:00 am

Forex Analysis & Reviews: Forecast for USD/JPY on March 19, 2021

USD/JPY
The Japanese yen continues to consolidate while the US dollar deals with its European competitors. After the Fed and Bank of England meetings, this period has ended, and the yen meets the latest and more important release directly from the Bank of Japan this morning. It came out neutral without any changes.

Based on the daily chart, the Marlin oscillator has slowed down the decline and shows the intention to move up. The target of the pair's growth is the nested line of the growing price channel at 110.37.

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IFX Gertrude
Junior
 

March 22nd, 2021, 7:40 am

Forex Analysis & Reviews: Forecast for USD/JPY on March 22, 2021

USD/JPY
The USD/JPY pair was in a neutral state last Friday, closing the day almost at the opening level, this morning the market opened with a falling gap of 22 points, closed in the next half hour of trading. Conditions have been created in order for the price to move up to the embedded line of the rising price channel of the higher timeframe (110.37), but the Marlin oscillator is descending along a steep trajectory, which is more likely to prolong the price consolidation of the last five sessions. A reversal of the indicator and a breakout of the price to the upside is likely tomorrow on Tuesday.

The price, with the gap closing, returned to last week's consolidation range highlighted by the gray rectangle on the four-hour chart. The Marlin oscillator did not leave its own range. With the dollar's strength, and the price going over the MACD line in the area of 109.35, it is likely that the price will move to the upside.

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IFX Gertrude
Junior
 

March 23rd, 2021, 7:42 am

Forex Analysis & Reviews: Forecast for EUR/USD on March 23, 2021

EUR/USD
In yesterday's correction by closing the gap from the opening of trades, the euro overdid it a little, forming a white candlestick of 50 points, while other currencies were limited only to closing the gap. The price decided to work out the resistance set by the February 5 low and the correction was 62% from the March 18 high. The Marlin oscillator is developing in the negative area on the daily chart. Now we are waiting for the euro to fall to the first target level of 1.1800 - to the low on November 23, 2020.

The balance indicator line kept the price growing on the four-hour chart. Marlin slightly went into the growth zone, but with general reversal moods, it can quickly return back to the negative half. The MACD indicator line looks loose, playing the role of a technical shaft, on which the price is wound. Nevertheless, being able to settle below it, under 1.1880, may become a working signal of the consolidated downward trend in the short term.

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IFX Gertrude
Junior
 

March 24th, 2021, 7:31 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 24, 2021

AUD/USD
This morning, the Australian dollar reached its first target set at 0.7615, after losing 114 points yesterday. The main impulse was the New Zealand dollar, which declined by 150 points due to the introduction of budgetary measures to curb the growth of real estate prices.

On the daily chart, Marlin Oscillator's signal line began to slightly turn. This suggests that the correction can be either from the reached level of 0.7615 or from the lower target level of 0.7565 (low of February 2). Regardless, the downward trend has already started, so we will wait for the price at the levels of 0.7500 and 0.7375.

The price in the H4 chart is making an attempt to break through the support level of 0.7615, with the Marlin oscillator moving down. A consolidation below which will lead the quote to the 0.7565 mark. After that, we can expect a fair correction to eliminate the oscillator from the oversold zone.

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IFX Gertrude
Junior
 

March 25th, 2021, 7:20 am

Forex Analysis & Reviews: Forecast for USD/JPY on March 25, 2021

USD/JPY
The USD/JPY currency pair managed once again to overcome the circumstances and refrained from a deeper correction, the goals of which were 108.16 and 107.35/50. The price turned around from the upper limit of support on March 10 to 11 and it resumed growth towards the target of 110.37 in the Asian session today, with the Marlin oscillator turned up. The target is determined by the nested line of the growing price channel of the monthly time frame.

Based on the four-hour scale chart, the signal line of the Marlin oscillator now seeks to exit its own consolidation going up. The price overcame the resistance level of the balance indicator line, which shifted the priority to the pair's purchases. The nearest growth target, intermediate before 110.37 will be at 109.34 – the Kruzenshtern line unfolding upwards.

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

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IFX Gertrude
Junior
 

March 26th, 2021, 8:59 am

Forex Analysis & Reviews: Forecast for EUR/USD on March 26, 2021

EUR/USD
In previous reviews, we counted on a correction based on erroneous information about Catholic Easter. The holiday was designated on March 26-29 in a number of economic calendars, while in reality it falls on April 2-5. The error in the calendars was corrected, and our inaccurate forecast, unfortunately, remained, for which we apologize.

Meanwhile, the euro successfully passed the 1.1800 target level (now this level has been updated to 1.1810) and has moved to the 1.1745 target level.

Image

Now, either from the 1.1745 level, or from the current one, we expect a correction based on a more pronounced double convergence of price with the Marlin oscillator. The correction may still not be deep, limited from the top by the 1.1810 level, but it can continue in this range on Monday due to the lack of planned news.

Image

A reversal of the Marlin oscillator indicates a reversal from the current levels on the H4 chart. The 1.1810 level, as you can see, corresponds to a slight consolidation on March 24th.

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IFX Gertrude
Junior
 

March 29th, 2021, 7:40 am

Forex Analysis & Reviews: Indicator Analysis. Daily review for the EUR/ USD currency pair 03/26/21

Trend Analysis (Fig. 1). Today, the market is moving up from the level of 1.1768 (the closing of yesterday's daily candle), and will try to reach the pullback level of 38.2% at 1.1849 (blue dotted line). In the case of testing this level, it is possible to work up with the target of 1.1890-at the resistance line (the red bold line).

Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis – up
- Fibonacci Levels – up
- Volumes – up
- Candle Analysis – up
- Trend Analysis – up
- Bollinger Bands – up
- Weekly Chart – up

General Conclusion:
Today, the price is moving up from the level of 1.1768 (closing yesterday's daily candle) and will try to reach the pullback level of 38.2% at 1.1849 (blue dotted line). In the case of testing this level, it is possible to work up with the target of 1.1890 at the resistance line (the red bold line).

Alternative scenario: the price will move down from the level of 1.1768 (the closing of yesterday's daily candle) and will try to reach the pullback level of 85.4% at 1.1711 (the red dotted line). In the case of testing this level, it is possible to continue working downwards with the target of 1.1691 at the lower border of the Bollinger line indicator (the black dotted line).

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IFX Gertrude
Junior
 

March 30th, 2021, 7:03 am

Forex Analysis & Reviews: Forecast for EUR/USD on March 30, 2021

EUR/USD
The euro slipped by 29 points yesterday, blocking Friday's gains, a sign of the price's sentiment to continue moving down against the pressure of the double convergence with the Marlin oscillator.

But the question of yesterday's event has not yet been resolved - will the price stop in the struggle against convergence at the 1.1745 level, or will it continue to decline to the 1.1688-1.1700 range? There is a third option - the collapse of convergence and the price falling even deeper (after all, double convergence has not yet been fully formed), and there are fundamental prerequisites for this. Yesterday, investment ideas that have become traditional in the last month appeared in the media on the difference in the speed of recovery of the US and European economies.

The Marlin oscillator approached the border of the growth area on the four-hour chart and is most likely to turn down from it. The oscillator's exit into the zone of positive values in this short-term situation does not carry a high level of information, it may also be a reaction to the way that the price will continue to consolidate sideways or on either side, not above the MACD line, which coincides with the target level of 1.1810.

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IFX Gertrude
Junior
 

March 31st, 2021, 7:02 am

Forex Analysis & Reviews: Forecast for AUD/USD on March 31, 2021

AUD/USD Yesterday, the Australian dollar broke through the signal level of 0.7641 with its upper shadow and closed the day with a decline of 37 points. The Marlin oscillator has been repeating its price movements for the last five days, unfortunately losing its leading main function. Nevertheless, it still has a large margin to decline before entering the oversold zone. We have a downward trend on the daily chart and the targets are set at 0.7565 and 0.7500.

The price consolidated under the indicator's red balance line and the MACD line in the H4 chart. The Marlin Oscillator is at its zero neutral line and is ready to fall again. In this case, the first target level of 0.7565 is expected to be broken through, with 60% probability.

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IFX Gertrude
Junior
 

April 1st, 2021, 7:29 am

Forex Analysis & Reviews: Forecast for EUR/USD on April 1, 2021

EUR/USD
Yesterday, the price of the lower shadow of the daily candle almost reached the upper border of the target range of 1.1688-1.1700. The upper limit can still be taken, the October 19, 2021 low at 1.1703, then the range will correspond to the extremes of October 15-19, and in this case it will be reached with an accuracy of point (1.1704).

Today's US report on the ISM manufacturing PMI for March is expected to grow from 60.8 to 61.3, weekly applications for unemployment benefits are expected to decline from 684,000 to 680,000, and tomorrow the unemployment data will be released, in which new jobs in the non-agricultural sector are expected to reach 647,000(!) against 379,000 in April, while the unemployment rate is predicted to decrease from 6.2% to 6.0%.

All these circumstances make us think that the development of the Marlin oscillator in its own triangle will follow the option with the lower output (dashed line on the chart), and the current double convergence will be abolished. The euro will aim for 1.1560, the area of the January 2019 high and the November 2017 low.

The convergence flared up and went out on the four-hour chart. The signal line of the Marlin oscillator, after entering the growth area, found itself in negative territory again. The price may stay in the range of 1.1700/4-1.1745 for some time, but tonight or tomorrow it will go down, especially since the market will be thin due to the Catholic Easter holidays.

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IFX Gertrude
Junior
 

April 2nd, 2021, 8:26 am

Forex Analysis & Reviews: Technical Analysis of GBP/USD for April 2, 2021

Technical Market Outlook:
The GBP/USD pair has hit the 50% Fibonacci retracement located at the level of 1.3834 and made a local high at the level of 1.3850. The next target for bulls is located at the level of 1.3867 (61% Fibonacci retracement). On the other hand, if bulls fail to do so, the next target for bears is located at 1.3669 (recent swing low) and then at 1.3557 (weekly low from February 2021). The next technical resistance is located at the level of 1.3850. Please notice the momentum is neutral and can turn again into negative territory any time now.

Weekly Pivot Points:
WR3 - 1.4089
WR2 - 1.3984
WR1 - 1.3884
Weekly Pivot - 1.3780
WS1 - 1.3675
WS2 - 1.3568
WS3 - 1.3466

Trading Recommendations:
The GBP/USD pair keeps developing the up trend and bulls are back inside the main ascending channel. The recent top was made at the level of 1.4224 and this was the higher high in over two years. All the local corrections should be used to open a buy orders as long as the level of 1.2674 is not broken. The long-term target for bulls is seen at the level of 1.4370.

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IFX Gertrude
Junior
 

April 5th, 2021, 6:51 am

Forex Analysis & Reviews: Forecast for EUR/USD on April 5, 2021

EUR/USD
A strong US employment report came out last Friday: 916,000 new jobs were created in March, the revision for February and January added another 156,000, the unemployment rate fell from 6.2% to 6.0%, while the share of the labor force increased from 61.4% to 61.5%. Another similar release, and ideas for an earlier rate hike may resurface. Perhaps this is what the Federal Reserve is trying to achieve. Moreover, we suspect that the labor report was regarded, because the Nonfarm is traditionally a manipulative tool, and the most radical forecasts were waiting for an increase above 2 million. But later on it will be clear how the government has seriously taken the improvement.

However, due to the Easter holidays, the dollar was not redeemed intensively, and today Europe is also resting. The index of business activity in the US services sector according to the ISM for March is expected to grow from 55.3 to 58.5. New data can still push the euro down deeper, to the range of 1.1688-1.1700.

On the daily chart, the signal line of the Marlin Oscillator reverses from the upper boundary of its own wedge. As a result, we are waiting for the oscillator to go deep down. We are waiting for the price to reach the target level of 1.1560 - the approximate level of the January 2019 high and the November 2017 low.

The price turns down from the MACD indicator line on the four-hour scale. If the price moves below the nearest target level of 1.1745, the target range is 1.1688-1.1700.

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