Page 59 of 107 FirstFirst ... 9495657585960616269 ... LastLast
Results 1,161 to 1,180 of 2124
  1. #1161
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    GBP / USD. December 18th. The results of the day. Boris Johnson is ready to return to the "tough" Brexit and takes a tough stance in future negotiations with the EU

    4 hour time-frame
    Amplitude of the last 5 days (high-low): 108p - 179p - 354p - 101p - 234p.
    Average volatility over the past 5 days: 196p (high).

    The GBP / USD currency pair on Wednesday trades continued a steady downward movement, which, from our point of view, is justified by only one factor. This factor is elections to the Parliament of Great Britain. They were left behind and deprived market participants of the foundation and the reason that allowed them to buy the pound in the last two months. Now that it is clear that the entire power in the country is concentrated in the hands of the Conservative Party, that neither Labor, nor Scottish nationalists, nor, moreover, other political forces, and even all of them combined, can prevent Boris Johnson from doing so, gives an opportunity with high accuracy to predict what will happen in the state in the near future.

    Trading recommendations:

    GBP / USD continues to form a new downtrend. The price has worked out the bottom line of the Ichimoku cloud and the first support level of 1.3083. Thus, a rebound from these strong support levels may trigger a round of upward correction. However, without rebounding the price from the indicated supports or without turning up the MACD indicator, it is not recommended to reduce sell positions. The following targets for trading are lowering 1.2931 and 1.2833. It is recommended that purchases of the British pound be returned no earlier than the price fixing above the Kijun-sen line, which is clearly not expected in the coming days.

    Explanation of the illustration:
    Ichimoku indicator:
    Tenkan-sen is the red line.
    Kijun-sen is the blue line.
    Senkou Span A - light brown dotted line.
    Senkou Span B - light purple dashed line.
    Chinkou Span - green line.
    Bollinger Bands Indicator: 3 yellow lines.
    MACD indicator:
    Red line and bar graph with white bars in the indicators window.
    Support / Resistance Classic Levels:
    Red and gray dotted lines with price symbols.
    Pivot Level:
    Yellow solid line.
    Volatility Support / Resistance Levels:
    Gray dotted lines without price designations.
    Possible price movement options:
    Red and green arrows.Translation

    Analysis are provided by InstaForex

  2. #1162
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for AUD / USD on December 20, 2019

    AUD / USD
    Yesterday, the Australian dollar grew 32 points on good employment data which makes the unemployment rate fell from 5.3% to 5.2%. In general, the correctional growth from the fall of the "Aussie" from December 13 to 17 was 61.8% which is 38.2% on the chart. Due to this, the growth may stop since a double divergence has already been formed on the Marlin oscillator, and the probability of triple divergence is historically small. The first goal of the new wave of decline is the nested price channel line at 0.6860. Overcoming this level opens up prospects for a medium-term decrease in the Australian dollar which is at 0.6820 according to the MACD line near the Fibonacci level of 123.6%, and at 0.6778 which is the reaction level of 161.8%. This continues on to the underlying embedded price channel line which is at 0.6678.

    On the four-hour chart, the price is currently above the balance lines (indicator red) and MACD, and the Marlin oscillator is also in the growth zone. The departure of the price for these lines, below 0.6885, will reveal the main lowering scenario. The observed price above the indicator lines will be interpreted as false.

    *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

  3. #1163
    Join Date
    Jul 2013
    Age
    39
    Posts
    112
    Rep Power
    0

    Default

    EUR/USD approaching resistance, potential drop!



    Trading Recommendation Entry: 1.11104 Reason for Entry:

    Horizontal overlap resistance, 38.2% Fibonacci retracement, 78.6% Fibonacci extension Take Profit : 1.10667

    Reason for Take Profit: horizontal swing low support, 61.8% Fibonacci retracement Stop Loss: 1.11541

    Reason for Stop loss:Horizontal swing high resistance, 61.8% Fibonacci retracement


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

  4. #1164
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Ichimoku cloud indicator Daily analysis of EURUSD for January 7, 2020

    EURUSD remains in a bullish trend continuing to make higher highs and higher lows. Price so far has respected the key Cloud support area of 1.1040-1.1050. Thus we continue to see more upside potential over the coming days.

    Price has broken above the Kumo (cloud) and has so far successfully back tested support. Price bounced off the Cloud and this was another bullish signal. EURUSD is now trading above the tenkan-sen (red line indicator) while the kijun-sen is trending below tenkan-sen with a positive slope. With the tenkan-sen above the kijun-sen we have supporting evidence of a bullish trend. We continue to expect this next leg higher to move closer to 1.1280.

    *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

  5. #1165
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Australian network through franc

    Good evening, dear traders. Congratulations to all Orthodox Christians on Christmas! I wish you well and financial well-being!

    As you have probably already noticed, I often trade certain cross-courses using the grid method. And today, as an example of one of them, I will show how you can spread the correct network of limit purchases on the highly oversold AUD/CHF instrument.



    Please note that such counter-trend sets should be carried out only after fairly strong passes and an understanding of the average rollback for the pair. You can see some part of these numbers on the screen on the left with a 5-digit dimension.

    Now, if you use the lot increase coefficient, you can calculate it according to the trader's calculator.

    Good luck in trading and control the risks!

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

    Analysis are provided byInstaForex.

  6. #1166
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    The collapse of the Boeing after another 737 crash

    Good evening, dear traders. I present to you the trading idea for Boeing's Stock CFD.

    So, yesterday, there was a terrible catastrophe of the Ukrainian Boeing 737 in Iran. Boeing fell shortly after takeoff and all 170 passengers died. Now, for the preliminary version: technical - engine fire. This is not the first crash with a Boeing in recent times. Thus, we recommended selling the shares that were mentioned back in December.

    Boeing has a very interesting level of $ 318 from the point of view of hunting for stops. In fact, this is a platform with the feet of buyers of this asset for the entire last year. 737 was discontinued in December, but accidents continued with it. Against this background, we recommend holding short positions in order to break through the level of 319 with a further pull to historical 292:

    Since the opening, the shares have lost $ 4. Therefore, we recommend developing the reduction to the above levels if you are not yet on sale.

    Good luck in trading and control the risks!

    *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

  7. #1167
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for GBP/USD on January 10, 2020

    GBP/USD
    The British pound lost 30 points on Thursday. The price consolidated below the MACD line on the daily chart. The signal line of the Marlin oscillator is falling in the negative trend zone, but not due to the strong dynamics of the pound's decline, the balance indicator line (red) continues to hold the price, further slowing its decline. The continuation of such a tendency - a decrease in the British pound will lead to an increase in bullish sentiment, the market can take advantage of such confusion.

    Data on US employment will be published today, the forecast for new jobs in the non-agricultural sector for December is 162 thousand, this may be an incentive to further pull down the pound to the Fibonacci level of 161.8% at the price of 1.2968. But even in this case, the pound's decline rate may not be enough to overcome the balance indicator line. If it also remains below the price by the opening of Monday, then the correction of the British pound is possible next week. The 1.2968 level is technically strong.

    On the four-hour chart, the price consolidated below the MACD line yesterday - one candle with the whole body was under this line, but at the moment the price is already above the MACD line. Such a false signal is also a sign of a short downward movement, if any (to our target 1.2968). The Marlin oscillator is moving after the price, it is not providing signals. Another price consolidation below the MACD line, as well as under the correction level of 23.6%, will open the nearest target at 1.2968. To move the price to lower targets (1.2820, 1.2730), which are marked on the daily scale, you need a rapid movement of the price down today.

    *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

  8. #1168
    Join Date
    Jul 2013
    Age
    39
    Posts
    112
    Rep Power
    0

    Default

    Forecast for GBP/USD on January 13, 2020

    Quotes of the British pound are held for two days on the indicator line of the balance of the daily scale in red. Overcoming it will allow the price to consistently take the three immediate goals at the Fibonacci levels: 1.2968, 1.2820, 1.2730. The Marlin oscillator is in the decline zone.



    On the four-hour chart, the price overcame the support of the MACD line, but did so with a gap. In this case, with a general declining trend and in the absence of warning reversal signals, the "window" serves as a harbinger of a further fall in prices, but it is not advisable for it to remain open for a long time.



    We are waiting for the closure of this gap and a further decline in the British pound. The Marlin oscillator is developing in a declining trend zone.


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

  9. #1169
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for EUR/USD on January 15, 2020

    EUR /USD
    The dollar slightly strengthened on Tuesday, with the release of inflation data for the United States, but investors found the data not sufficient enough for a more decisive offensive. As a result, the euro showed a decline of only five points by the close of the day. The basic consumer price index added 0.1% for December against the expected 0.2%, while maintaining an annual value of 2.3%.

    On the daily chart, the signal line of the Marlin oscillator moves sideways directly along the boundary of the bullish and bearish trends, which creates the risk of continued correctional growth to the Fibonacci level of 110.0% at the price of 1.1155. If the potential is not realized, a planned decrease to the Fibonacci level of 123.6% will follow at the price of 1.1073, where the MACD indicator line also passes.

    On the four-hour chart, a price reversal from the MACD line was noted, but not fully realized. At the moment, the price is already above the balance line (red moving) and the Marlin oscillator is holding in the growth zone, which shows the price's intention to once again attack the MACD line. Now the condition for a further decrease is overcoming the price of yesterday's low.

    In general, the situation is neutral and the euro may cheer up today's data on industrial production for November (forecast 0.3%), but tomorrow retail sales in the US for December will be released, the forecast for which is 0.5% for basic sales and 0.3% for general . It is likely that investors are planning more active actions for this data.

    *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

  10. #1170
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Control zones of USDJPY 1/20/2020

    Last week's movement made it possible for a local accumulation zone to form. This happened within the average monthly move, which indicates the presence of limit sell orders. Purchases from current levels are not profitable, since the probability of closing the trade in January is above the zone of the monthly move below 30%. A model has not yet been formed for selling, which indicates the need to switch to standby mode.




    Keeping part of the purchases opened at the beginning of this month is the optimal strategy, since the probability of absorption of the latest growth from current levels is below 20%.

    To enter a short position requires the formation of an absorption pattern at the daily level. Closing of trading on Monday should occur below the low of last week. This will indicate the appearance of a major offer from significant market players. Work in the downward direction is more profitable, since the monthly range of the average stroke has already been overcome by the pair....



    Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.
    Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.
    Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

    *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

  11. #1171
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Technical analysis recommendations for USD/JPY and its crosses

    USD / JPY

    The yen began in 2020 with the realization of what did not work out last year. So far, the pair closed the week in the bullish zone of the relative weekly cloud. Now, the main task of the players is fixing in this zone to increase in the near future. After that, monthly resistance will follow 110.70 - 110.83 - 111.40. However, breaking through the monthly boundaries is a more difficult task, since this will eliminate the monthly dead cross and mark the exit to the bullish zone of the relative Ichimoku cloud at the most upper time. In this situation, support is located at 109.50 (weekly cloud + monthly medium-term trend + daily short-term trend) - 109 (weekly Tenkan and the lower border of the cloud + daily Kijun and the upper border of the cloud) - Fixing below 108.08-30 can move players away from their goals for a long time.

    EUR / JPY

    At the beginning of the year, the pair attempted a new test of important resistance, but the first target of the daily target for breakdown of the cloud (122.55), now strengthened by the lower border of the weekly cloud (122.71), withstood the defense again. As a result, we observe the next development of a downward correction. The nearest support is the daytime cross of Ichimoku, first Tenkan (121.96), then Kijun (121.48), as well as the most protected area 121.24 (weekly Tenkan + daytime cloud + final line of the daytime cross of Ichimoku). At the same time, securing below can significantly affect the current balance of power, opening up new prospects for players to decline.

    GBP / JPY

    The pound / yen is trying to gain a foothold and stay in the bullish zone relative to the weekly cloud, using the cloud as support. Now, the main attention of the players to increase is aimed at breaking through the weekly short-term trend (143.65) and eliminating the dead crosses of Ichimoku at the daily (144.38 - 145.21) and monthly (145.07) time intervals. Moreover, breaking through these resistance forms new horizons and opportunities before the players to increase. The nearest support, in turn, can now be identified at 141.54 (monthly medium-term trend + daily cloud) and 140.34 - 139.12 (weekly levels + lower border of the daily cloud). Fixing below will change the existing balance and can lead to an active recovery of bearish sentiment.

    Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)

    Analysis are provided by InstaForex

  12. #1172
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for AUD/USD on January 23, 2020

    AUD / USD

    The Australian dollar absorbed a positive market sentiment relative to the British pound yesterday, and just this morning, this news was actively played back on the positive employment data. By December, about 29 thousand people got a job, this is contrary and higher than the 15 thousand on the forecast. This makes the overall unemployment rate fell from 5.2% to 5.1%. In the Asian session, the growth of the "Australian dollar" graduated to 34 points, and the price exactly reached the MACD line on the daily chart. In the European session, exit above the line 0.6880 with consolidation above it and on Friday, the growth may extend to the price channel line 0.6903.

    The price exceeded the MACD line on the four-hour chart but is still under the balance line, which means that the situation is developing mainly according to the older chart. For this day, everything will depend on whether the price can fix itself above the MACD line on the daily chart. The signal line of the Marlin oscillator in the zone of positive values is already a sign of the price's intention to overcome the resistance of the senior TF, but in any scenario this growth is corrective.

    *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

  13. #1173
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    GBP/USD. UK after Brexit: waiting for collapse?

    The UK will officially leave the European Union in five days. More precisely, the so-called "transition period" will begin, with which many identify the beginning of the real Brexit. Over the next 11 months, little will change for Great Britain. The country will cease to take part in the decision-making of the European Union, the British deputies will leave the European Parliament, however, the established trade relations and other rules and regulations by which the UK has lived in recent years will remain in force. Now, a month and a half after Boris Johnson's victory in the election, when passions and euphoria subsided, many experts conclude that the victory of the Conservatives is a result of the fragmentation of the political views of the opponents of Brexit, and not the excessive popularity of Conservatives among the people. In other words, there was only one option with the end of Brexit - vote for the Conservatives, and there were much more options against Brexit. At the same time, both the Scots, the Northern Irish, and the Welsh, supporting Brexit, had to vote not for "their" parties, but all for those Conservatives. For those who reject Brexit, they voted for the Scottish National Party, for the Labour Party, and for other political forces. As a result, all the voices of the opponents of Brexit were divided into 3-4 parties, all the voices of the supporters of Brexit left the party of Boris Johnson. However, now all this is not important. It's important - what the odious prime minister and his ruling party will lead the country to.

    In fact, in the coming year, all questions to Johnson's team come down to whether he will be able to agree with the U on a new trade deal that will operate after the end of the transition period? According to many experts, the main thing that is required of Johnson is to sign such a deal that does not harm the UK economy as much as possible, which has been losing huge amounts over the past three years due to Brexit and, in any case, will continue to lose them in 2020. Nobody believes that the deal will be the way Johnson himself sees it. Johnson is not Trump, but the European Union is not China. The biggest question that causes skepticism among all market participants is the timing of negotiations on trade relations with the EU. Eleven months is very little to conclude such a comprehensive deal. Thus, either Johnson will be able to conclude a "surface" agreement in a short time, or he will have to extend the transition period for two years (which Johnson does not want) and conduct more meaningful negotiations, without forcing events and slowly.

    *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

  14. #1174
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    EUR/USD: euro threatened by the epidemic

    According to a consensus estimate by Bloomberg analysts, the euro will rise to $1.14 against the US currency by the end of June. The increasing geopolitical risks in the Middle East, the outbreak of coronavirus in China and the threat of a trade war between Washington and Brussels made investors doubt the realism of this forecast.

    Although many believe the new virus is less dangerous than SARS in 2003, the worst is probably yet to come. Globalization, more developed than at the beginning of the century, the infrastructure of China and the tendency of the latter to travel to the Lunar New Year are factors that can contribute to the rapid spread of coronavirus throughout the planet.

    The world economy did not have time to recover from a trade conflict between the United States and China, as it is already threatened by a new scourge. The fact that in November, global trade fell by 0.6% in monthly terms and 1.1% in annual terms does not please the bulls in EUR/USD.

    The problems of the export-oriented economy of the eurozone do not end there. The United States, under the threat of imposing duties on importing cars from the European Union, may demand that American companies expand their access to the European agricultural market. Moreover, Washington could avenge Brussels on its carbon tax. Turning a blind eye to environmental issues, the White House regards the introduction of tariffs by other states as a manifestation of protectionism.

    Meanwhile, the US economy is still on its feet. According to IHS Markit, the US composite purchasing managers index reached a ten-month high in January due to increased business activity in the services sector. The data on PMI in the non-manufacturing sector of the eurozone, on the contrary, disappointed, which makes it possible for the EUR/USD bears to win back the divergence factor in US and EU economic growth.

    The external background is extremely unfavorable for the euro bulls, so the main currency pair's decline to seven-week lows appears quite logical. Neither the January meeting of the ECB's Governing Session, nor the data on European business activity, could provide adequate support to fans of the euro. Whether the Federal Reserve wants to do this, a meeting of which, along with releases on US and European GDP for the fourth quarter, is one of the key events of this week, is unknown.

    The goal of EUR/USD bears at 1.1000 is just around the corner, and then support at 1.0960 will appear on the horizon. As for the bulls, their immediate task is to overcome the powerful resistance of 1.1065, then the resistance of 1.1100 and 1.1175.

    *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

  15. #1175
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    USD/CAD control zones for February 5, 2020

    The test of the weekly control zone 1.3292-1.3276 occurred at the beginning of the week. This made the fixing of the previously opened purchases possible. Meanwhile, the reversal pattern has not yet been formed, so it is quite early to completely exit the long position. The probability of continued growth is still high.

    Sales from the current levels are not profitable, as the probability of testing the November high still remains above 70%. On the other hand, an alternative corrective model will be developed if the "false break" pattern of the weekly high is formed today. This will allow sales to be considered in the nearest support zone tomorrow.

    Daily CZ - daily control zone. The zone formed by important data from the futures market, which changes several times a year.

    Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.

    Monthly CZ - monthly control zone. The zone that reflects the average volatility over the past year.

    *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

  16. #1176
    Join Date
    Jul 2013
    Age
    39
    Posts
    112
    Rep Power
    0

    Default

    Forecast for EUR/USD on February 6, 2020

    Yesterday's US data on business activity in the non-manufacturing sector for January showed consistently high readings: the service PMI from Markit in the final assessment was raised to 53.4 from 53.2, and the ISM Non-Manufacturing PMI was 55.5 against 55.0 in December. This is a good sign of the stability of the American economy during the development of the coronavirus. The economic indicators of the Asia-Pacific countries are deteriorating, and the dollar is already becoming unshakeable. It is important to note that the strengthening of the dollar began on February 3, the day of the start of the presidential election campaign in the United States. We don't think it's a coincidence. During his time in office, Trump has repeatedly changed his position on the strength of the national currency, but the facts show one thing – the dollar has steadily strengthened over the past two years. We believe that now Donald Trump will be more specific.



    The euro has completed its immediate task - it is fixed under the embedded line of the price channel on the daily chart. Now the pair's immediate target is 1.0925 – the lows of September 12 and 3, 2019. The second target is the minimum of October 1 at 1.0880.



    On the four-hour chart, the price is fixed under the indicator lines, and the Marlin oscillator is in the negative trend zone. The decline continues.


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

  17. #1177
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for EUR/USD on February 7, 2020

    EUR/USD
    Yesterday, the euro managed to gain a foothold under the enclosed line of the price channel, which originates from the top of 2008. On the daily chart, the price also went under the Fibonacci reaction level of 138.2%.

    Yesterday's publication of industrial orders in Germany for December showed a decrease of 2.1% against expectations of growth of 0.6%. In the US, the weekly report on applications for unemployment benefits showed 202 thousand such applications against the forecast of 215 thousand and 217 thousand a week earlier. The average monthly value of this indicator is 211.2 thousand. Taking into account the excellent data on employment in the private sector from ADP of 291 thousand and good employment sub-indexes in the ISM structure – 46.6 in the manufacturing sector and 53.1 in the non-manufacturing sector, there is a high chance that today's data on new jobs in the non-agricultural sector for January will come out better than the forecast. The forecast for the Non-Farm employment change is 163 thousand against 145 thousand in December. The forecast for wage growth is 0.3% compared to 0.1% a month earlier.

    On a four-hour chart, the price drops below the indicator lines, and the Marlin oscillator goes deeper into the negative trend zone. The decline targets are visible on the daily chart: 1.0925 - minimum on September 3 and 12, 2019, and 1.0880 - minimum on October 1.

    *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

  18. #1178
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for EUR/USD on February 13, 2020

    EUR/USD
    Yesterday's publication of data on industrial production in the eurozone was worse than expected - the December decline was-2.1% versus the expected -1.8%. In Europe, they talked about a potentially even greater economic failure due to the epidemic in China. But China itself predicts that the epidemic will decline in April. The euro lost 40 points on Wednesday. The 1.0880 target was fulfilled, there was a consolidation under the lower TF. The following goals are determined by Fibonacci levels: 161.8% - 1.0840, 200.0% - 1.0745.

    A convergence is outlined on the four-hour chart on the Marlin Oscillator, this is a sign of a slight correction before a further decline. Consolidation will likely take place before the level of 1.0905.

    *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

  19. #1179
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    EURUSD: euro not pleased with the European Commission's future outlook for eurozone inflation. US inflation report will return the market to its place

    The European currency was not very happy with the fact that consumer prices in Germany fell again in January, having justified all the forecasts of analysts, who put on another decline. The main decline in prices was due to a sharp drop in demand for tourism services, and there are reasons for this. According to the statistics agency Destatis, the final CPI of Germany in January 2020 fell by 0.6% compared to December and increased by 1.7% compared to the same period of the previous year. The data fully coincided with the expectations of economists. As for inflation harmonized by EU standards, the index decreased by 0.8% in January compared to December and increased by 1.6% compared to January 2019.

    The European Commission expects that economic growth will remain stable, and all emphasis is placed on domestic demand, while easing fiscal policies may support the economy in the future. The report also called for eurozone countries to pursue structural reforms aimed at boosting economic growth.

    As for the technical picture of the EURUSD pair, buyers of risky assets continue to actively fight for the level of 1.0865, having missed that on inflation data in the US, one can only hope for lows in the areas of 1.0840 and 1.0800. If the scenario of profit taking on short positions by large players justifies itself after the data, then the upward correction will be limited by the first intermediate resistance level of 1.0890, but larger highs are seen in the areas of 1.0925 and 1.0950.

    *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

  20. #1180
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forecast for AUD/USD on February 18, 2020

    AUD/USD
    A minutes was issued from the last RBA meeting on monetary policy this morning. Committee members agreed that the economy will slightly decline in the medium term due to drought and the outbreak of SARS in China. By the end of the year, financial politicians are waiting for the economy to grow, pending the growth of investment in fixed assets. This made market participants doubt such optimism, since the IMF expects the global economy to weaken by the end of the year. It was also mentioned that the committee was considering options for lowering the rate, but decided to postpone and leave room for maneuver in the event of a worsening economic situation. In general, the rates are supposed to be kept at a low level for quite a long time.

    This release, of course, did not contribute in any way to purchases of the Australian dollar and the aussie lost more than 20 points in the Asian session. The Australian dollar's technical reversal occurred from the Fibonacci level of 161.8% yesterday. The target is 0.6624 in terms of the Fibonacci level of 223.6% and the support of the price channel line is open. Perhaps there will be a breakout of the level, and the price will reach 0.6595 at the Fibonacci level of 238.2%. After this movement, a correction is likely.

    On the H4 chart, the price crossed both indicator support lines - the balance line (red) and the MACD line (blue). Marlin is declining in the negative trend zone. The Australian dollar will continue to decline.

    *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

Similar Threads

  1. Forex News from InstaForex
    By InstaForex Gertrude in forum Advertisement Place
    Replies: 2103
    Last Post: 16-02-24, 10:27
  2. Forex Technical & Market Analysis FXCC
    By alayoua in forum Advertisement Place
    Replies: 4
    Last Post: 07-07-16, 00:25
  3. Weekly technical analysis for 3 - 7.12, 2012
    By bellalca in forum Affiliate program networks
    Replies: 0
    Last Post: 04-12-12, 07:09

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
webmaster forums webmaster resource forum webmaster money forums