|
|
Post by IFX Yvonne on Feb 3, 2023 2:03:34 GMT -5
Forex Analysis & Reviews: Forecast for USD/JPY on February 3, 2023The Japanese yen got a little stronger after the meetings of the three major central banks, but it only strengthened the neutral position and uncertainty, since it is technically staying between the two lines of the price channel at 127.30 and 129.97.  The signal line of the Marlin oscillator is in the negative zone, but it has not yet reached the bottom of its own ascending channel (turquoise). Considering the fact that the dollar has been rising against European currencies and the stock market is also rising, I believe that the price will climb above the resistance of 129.97. Then the price may overcome the resistance of the MACD line (131.72), and logically, the breakthrough will end by reaching the resistance of 133.74. The alternative scenario assumes overcoming the support at 127.30 and falling further to the underlying price channel line at 124.10.  On the four-hour chart, the price is consolidating under the balance and MACD indicator lines, the Marlin oscillator is rising in the territory of the downtrend with the possible intention to move to the green zone. Let's wait for the resolution of the uncertainty when the US employment data comes out this evening. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided byInstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 6, 2023 3:04:34 GMT -5
Forex Analysis & Reviews: Technical Analysis of Daily Price Movements of CAD/JPY Commodity Currency Pairs, Monday February 06 2023. With the success of the CAD/JPY Commodity currency pair breaking above its Penant pattern which was followed by a deviation from the MACD Histogram indicator with price movements that were also above the Moving Average movement, we can conclude that Buyers are starting to return to CAD/JPY which will make this commodity currency pair have the potential to appreciate and rally upwards in the next few days to test the equal high level (liquidity gathering place) at 101.14 and 105.71 will be the targets of both, but if on the way to these target levels there is one and another thing that makes this currency pair return to its original bias (Bearish), especially if it manages to break below the 95.30 level, the upward rally scenario described earlier will become invalid and cancel itself. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 6, 2023 23:37:21 GMT -5
Forex Analysis & Reviews: Forecast for EUR/USD on February 7, 2023Yesterday, the euro managed to overcome the support of the 1.0758/87 target range as well as the MACD line, which has already been embedded. Now the nearest target is 1.0660, followed by 1.0595. The range of these levels represents the consolidation of December.  Traditionally, there is a correction after a sharp downtrend, afterwards, the pair will enter growth in the medium-term. It is possible for the pair to enter a bullish correction from the range of 1.0595-1.0660.  On the four-hour chart, the price has settled under the lower limit of the 1.0758/87 range, the signal line of the Marlin oscillator slightly turned up, and this range will probably be tested. I expect EUR/USD to fall further. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 8, 2023 1:54:59 GMT -5
Forex Analysis & Reviews: Technical Analysis of Intraday Price Movements of USD/MXN currency pairs, Wednesday 08 February 2023. After succesfully break above the level 19,104 and after that USD/MXN currency pairs halted by the upward movement by the Dynamic Resistance (MA 200). Now USD/MXN is falling back down to test the 18,762 level. If this level is able to withstand the downward trend of USD/MXN, this currency pair has the potential to rise again if during a downward correction. there was no significant decline that passed below the 18,672 level where if this level was not broken then USD/MXN would have the potential to rally again up to the 19,213-19,398 area level as the first target and the 19,639-19,900 area level as the second target. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 9, 2023 9:11:24 GMT -5
Forex Analysis & Reviews: USDJPY analysis for February 9th, 2023. Yellow rectangle- support area Green lines- expected path Violet lines- Fibonacci retracement levels USDJPY as expected has pulled back and closed the open gap from Monday's open. Price so far follows our expected price path towards 129.90-130.60 area where we expect to finish the counter trend move. Price is now testing the 50% Fibonacci retracement once again. This time expect to see a move below the 50% retracement towards the 61.8% level which is key support. We usually see trend reversals if price respects the 61.8% retracement. Because price formed 5 waves up from the 128 lows, I expect to see a retracement of this upward move with the formation of a higher low inside the yellow rectangle area. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 10, 2023 1:19:41 GMT -5
Forex Analysis & Reviews: Forecast for GBP/USD on February 10, 2023My expectation that the British pound would reverse on Thursday did not materialize. On the contrary, the pound is up 50 pips. But the upper shadow is higher by 75 pips, which is a good sign of the reversal. The Fibonacci time zone tool had to be abandoned. Ideally, nothing has changed. I expect the pound to weaken along with other currencies because of the global strengthening of the dollar.  The pound may even go ahead of the market today, as weaker economic data is expected for the UK. Q4 GDP is forecast to show zero growth, December GDP may show a decline of 0.3%, annual GDP is expected to decline to 0.4% from the previous 1.9%, December industrial production may show a decline of 0.2%, trade balance is expected to deteriorate to -16.4 billion from the previous -15.6 billion. On the daily chart, the upper shadow pierced the resistance of 1.2155, the Marlin oscillator turned down in the downtrend zone. The nearest bearish target is 1.1933. On the four-hour chart, the growth was stopped by the MACD indicator line. Now the price has settled below 1.2155 and under the red balance line. Marlin turned down. So, we are waiting for today's UK reports and the pound to fall.  *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 13, 2023 1:19:35 GMT -5
Forex Analysis & Reviews: Forecast for EUR/USD on February 13, 2023The euro fell by 62 points on Friday. The price is very close to 1.0660, the upper limit of the consolidation range of December 16-26. Overcoming the support can push the price to 1.0595, it can fall further to the target level of 1.0470, the lows of June 22 and April 28, 2022. Also, this level is close to the 38% retracement of the entire growth since September 28.  The price has overcome the support of the balance and MACD indicator lines, the Marlin oscillator is declining in the red zone - a blatant downtrend.  On the four-hour chart, the price shows signs of consolidation before reaching the support of 1.0660, the Marlin has settled in the area of the downtrend. We can also see the price in preparation as it falls further. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 13, 2023 22:46:35 GMT -5
Forex Analysis & Reviews: Forecast for EUR/USD on February 14, 2023The market was calm on Monday, without any upbeat news, the euro could not overcome the technical support at 1.0660, yesterday's growth was 45 pips. The euro continued to move sideways in the 1.0660-1.0758 range.  The best thing that the euro can do for the bearish scenario is to pierce the upper limit of the 1.0758/87 range. If the euro settles above the MACD line (above 1.0820), the alternative option is for the price to rise to 1.0990. I expect the price to cross 1.0660 and fall further to 1.0595.  On the four-hour chart, the signal line of the Marlin oscillator is in the green zone. This will help the price and if it doesn't overcome the nearest resistance, then it will linger in the sideways movement. At the moment, time is not on the euro's side, since the MACD line is getting closer to the price with each candle, and it increases the pressure. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 15, 2023 0:56:38 GMT -5
Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD Currency Index, Wednesday February 15 2023. On the daily chart of the USD Dollar Index, it can be seen that there was a trendline break (TLB) condition on the CCI (14) indicator which was previously in a bear condition where the Chop Zone (CZ) indicator (levels 100 & -100) was red but after that TLB and CCI move above level 0, so CZ changes color to cyan blue and now the CCI histogram (14) has turned green, followed by Sidewinder color (levels 200 & -200) changes color to yellow (volatile/Trending) and green (very volatile / trending) so that in the future USDX has the potential to be Bullish appreciated going up to the 103.96 level as the first target and the 105.63 level as the second target but before that it seems that USDX will be corrected down to test the 102.19 level and as long as this level is strong enough to hold back the pace correction and does not exceed the level of 100.82, USDX has the potential to strengthen again where this can be seen at CCI 914) is trying to form Zero Line Reject (ZLR) pattern. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 16, 2023 0:49:00 GMT -5
Forex Analysis & Reviews: Forecast for GBP/USD on February 16, 2023Pound fell by 140 pips as sellers became active yesterday due to the weaker-than-expected inflation data. It indicated that core CPI fell from 12.9% y/y to 12.6% y/y in January.  There was a price reversal on the daily (D1) timeframe, both from the MACD line and the Marlin oscillator. This means that traders have to take the target level of 1.1900 in order to open the way towards 1.1737.  On the four-hour (H4) timeframe, the price has consolidated under the balance and MACD lines, while the Marlin oscillator consolidated in the area of the downward trend. This indicates that there will be a further downward move in GBP/USD. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 17, 2023 8:02:22 GMT -5
Forex Analysis & Reviews: USDCAD Potential for Bullish Rise to 61.8% Fibonacci line Description : Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 1.34295 where the 38.2% Fibonacci line is. We are looking to take profit at 1.35352 where the 61.8% Fibonacci line is, Stop loss will be placed at 1.33638, where the recent swing low is. Trading Recommendation Entry: 1.34295 Reason for Entry: 38.2% Fibonacci line Take Profit: 1.35352 Reason for Take Profit: 61.8% Fibonacci line Stop Loss: 1.33638 Reason for Stop Loss: the recent swing low *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 20, 2023 0:34:29 GMT -5
Forex Analysis & Reviews: Forecast for EUR/USD on February 20, 2023The 60-pip decline of EUR/USD last Friday could not be extended. This is because the pair closed with a small white candle, and this morning went back to the range it was trading at last February 16. Although indicator readings have not changed over the past two days, it seems that euro is preparing to overcome the support level of 1.0660.  If that happens, the way towards the target level of 1.0470 will be easier. Market players should look out for the exit of the signal line of the Marlin oscillator, which is marked on the daily (D1) chart with a gray rectangle.  On the four-hour (H4) chart, Friday's growth was stopped by the resistance of the balance and MACD lines. The signal line of the oscillator is also turning down, and although there was a similar pattern of simultaneous reversal of the price and the oscillator from last Thursday, the signal this time may turn out to be more significant. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 20, 2023 23:15:18 GMT -5
Forex Analysis & Reviews: Forecast for GBP/USD on February 21, 2023GBP/USD closed on Monday at Friday's closing levels. Then, this morning, there is a slightly bearish sentiment, which turned the Marlin oscillator in the daily (D1) timeframe down, pushing it towards a negative territory.  It seems that hitting the target level of 1.1900 is becoming more and more plausible. If that happens, the pair will head towards 1.1737, which is the top last September 13, 2022. A price movement below the balance and MACD lines will keep the trend bearish. But on the four-hour (H4) chart, the pair continues a sideways movement, right between the balance and MACD lines.  The signal line of the Marlin oscillator is reversing from zero, indicating that it is going to test the MACD line (1.1989), which is also the low last February 15. If it succeeds, the pair will decline further to the target support level of 1.1900. This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 22, 2023 1:10:33 GMT -5
Forex Analysis & Reviews: Forecast for EUR/USD on February 22, 2023This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.EUR/USD fell by 35 pips on Tuesday, breaking through the support level of 1.0660. However, the decline is short-lived as the pair is already trying to get back above 1.0660 during today's Asian session. This is already the second unsuccessful attempt to go under the support level. The first one was on February 17. Under the new circumstances, the pair may now make an attempt to rise to the target range of 1.0758/87.  If the Marlin oscillator continues to move sideways or go down, the pair will not be able to climb up. After all, a consolidation has been going on since February 6, and a breakout is most likely to occur downward. If that happens, the pair will decline below 1.0595 and go further towards 1.0470.  On the four-hour (H4) timeframe, the pair is under the indicator lines and the Marlin oscillator is moving sideways. Wait for a consolidation above or below 1.0660 and watch for further developments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Analysis are provided by InstaForex.Read More
|
|
|
|
Post by instaforexgertrude on Feb 23, 2023 0:26:28 GMT -5
Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of AUD/JPY Cross Currency Pairs, Thursday February 23 2023 Kamis 23 Februari 2023.This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Although this time on the daily chart AUD/JPY cross currency pairs is moving in a channel that dips downwards which means that the main bias is still bearish but currently AUD/JPY is experiencing a correction rallying upwards which is marked by the appearance of the Bearish Continuation Ascending Broadening Wedge pattern even though the Bullish 123 pattern has appeared which is followed by the appearance of several Ross Hooks (RH) , while the level that will be tested in the near future is the 92.98 level. If this level is successfully penetrated and as long as it does not return to its initial bias and goes below the 90.74 level, AUD/JPY in the next few days has the potential to test the 93.58 level as its first target and the 94.37 area level. -95.22 as the second target if the momentum and volatility are enough to support. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Analysis are provided by InstaForex.Read More
|
|
