Instaforex Analysis

**InstaForex Gertrude** · 11-06-19, 07:16

USD/JPY to test resistance, a drop is possible!

USDJPY to test key resistance, a drop to 1st support is possible
Entry: 109.012
Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance
Stop Loss : 109.914
Why it's good :50% Fibonacci retracement,horizontal swing high resistance
Take Profit : 107.854
Why it's good: 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support

Analysis are provided by InstaForex

**InstaForex Gertrude** · 08-10-19, 05:02

Fractal analysis of Bitcoin on October 8

Forecast for October 8:
Analytical review of cryptocurrency on a scale of H1:

For the Bitcoin instrument, the key levels on the H1 scale are: 9026.00, 8811.75, 8666.36, 8379.42, 8287.60, 8039.21, 7893.53 and 7698.41. Attention! This instrument is characterized by medium-term trend trading. Here, as expected, the price formed a local structure for the top of October 7. In addition, this instrument has a good correlation with the euro / yen.

The range for entering the market for the purchase is 7948.00 - 8380.00. We expect the development of the upward cycle after the price passes the noise range 8287.60 - 8379.42. In this case, the first goal is 8666.36. Meanwhile, price consolidation is in the range of 8666.36 - 8811.75, as well as a possible rollback to correction. The potential value for the top, where it makes sense to close the position - 9026.00. The range 8039.21 - 7893.53 is a key support for the ascending structure. Its passage at the price will lead to the cancellation of this structure. In this case, the first goal is 7698.41. However, to trade in a downward direction, it makes sense when the local initial conditions for a downward cycle are formed.

The main trend is the initial conditions for the top of October 7.

Trading recommendations:
Buy: 7948.00 - 8380.00 Stop Loss: 7891.00 Take profit: 8666.36
To continue :
Stop Loss: 8287.60 Take profit: 9026.00

Analysis are provided by InstaForex

**InstaForex Gertrude** · 14-10-19, 04:33

EUR/USD and GBP/USD. Preview of the new week. The EU summit, Brexit, inflation in the European Union

It is safe to say that we can call the new week, the"Week of Great Britain." Most of the macroeconomic reports planned for the week will concern the GBP/USD pair. Most of the reports regarding the GBP/USD pair will come from the UK. In addition to economic data, it will be decided whether a new Brexit date will be postponed, whether Boris Johnson and the European government will be able to agree on a "deal" and whether the British Parliament will block a new deal if, by some miracle, Brussels and London succeed to reach consensus on all contentious issues in five days? Thus, the EUR/USD pair may feel relatively calm, just as it did the previous week, but the British pound is likely to break volatility records and very often change its direction if the news comes mixed. But consider all the data in more detail.

As for the EUR/USD pair, here from macroeconomic events we can note the report on the change in industrial production in August on Monday, the inflation report for September on Wednesday. The greatest interest, of course, will be caused by the consumer price index, which in recent months has fallen to absolute lows. A value below 1.0% will no longer be considered just low, but critical. And then it can be expected from the ECB and a new reduction in key rates, the quantitative stimulus program in the first months of its operation is unlikely to be changed, but in the future it can be expanded. And for the euro, these are all potential bearish factors. We still believe that in the confrontation with the dollar, a single European trump card is very small. And at the moment, we consider the main factor behind the growth of the euro a banal technical need to be adjusted from time to time. There is no positive news from the EU. Recently, everything is not good in the United States too, but America's economy is still stronger, macroeconomic indicators are higher, monetary policy is tougher. It is these factors that continue to play for the dollar.

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 18-11-19, 04:13

Control zones USDJPY 11/18/19

The pair tested the WCZ 1/2 108.48-108.38 last Thursday. Consolidation below the zone did not occur, therefore, the upward medium-term impulse remains a priority. The first growth target is the November high. Its achievement will make it possible to close part of the purchases and transfer the rest to breakeven.

Closing Friday trades made it possible to form an absorption pattern of the daily level, which confirms the bullish momentum.

Re-absorption of Friday purchases will be required to implement an alternative option. The probability of this is below 30%, which does not make it possible to consider sales. The main goal of the bullish impulse is the weekly control zone 110.15-109.94, which gives a favorable risk-to-profit ratio for any purchase made from current levels and below. Therefore, it is necessary to consider the possibility of adding to a long position.

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

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

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 28-01-20, 03:56

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

**InstaForex Gertrude** · 27-02-20, 06:25

Forecast for EUR/USD on February 27, 2020

EUR/USD
The euro once again tried to compete with the resistance of the Fibonacci level of 138.2% (1.0898) on Wednesday, the trading volume was high, it is very likely that investors again accumulated short positions. The signal line of the Marlin oscillator reached the boundary of the growth territory. The degree of probability of a reversal from this boundary will be considered on a smaller scale chart.

At H4, the oscillator signal line exited down from the wedge and returned to it. In general, this is still a signal for a price reversal. Confirmation of a reversal will be when the price leaves yesterday's low of 1.0855. The immediate goal of the euro 1.0813 is to support the MACD line. Next, we expect the euro at a quote of 1.0745 - at the Fibonacci level of 200.0% (daily).

But the euro is still growing. The growth limit may be the Fibonacci level of 123.6% at the price of 1.0933.

*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

**InstaForex Gertrude** · 22-04-20, 08:08

Forecast for EUR/USD on April 22, 2020

EUR/USD
There were no changes on the daily euro chart over the past day - the daily fluctuation was 60 points, but the day nearly closed at the opening level. The signal line of the Marlin oscillator moves strictly horizontally in the negative trend zone. The general trend is decreasing, we expect the euro to decline to support the embedded line of the price channel in the region of 1.0610.

The signal line of the Marlin oscillator rose to the border of the growth territory on the four-hour chart over the past day, but the price stopped by the balance indicator line. Therefore, in the current situation, the growth of Marlin is considered as the indicator continuing to discharge before a further decrease.

Nevertheless, the probability of the oscillator moving into a zone of positive values creates a risk of a price increase, possibly even to the MACD line, to the 1.0928 area. A signal of the euro's decisive decline is when the price drops below the low of the 17th (1.0812).

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

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 28-04-20, 08:15

Technical Analysis of ETH/USD for 28/04/2020:

Crypto Industry News:
EthereumPrice.org has released a new tool to calculate how much ETH can be earned by stacking coins under the new network consensus model. The Ethereum 2.0 calculator has many configurable settings that simulate different conditions and stacking variables. Users can customize many network (variable) settings that have a big impact on how the reward is calculated.

For example, a change in the size of ETHs stacked in the network from 1% to 10% means a difference in earnings between 5% or 15% (each year). Another factor that will affect the award on an annual basis is, for example, the lifetime of the node (validator) itself.

The tool calculates potential profits from 10 years of ETH stacking as well as each year. It will also calculate ROI (return on investment) in a given time. To view the value of their bid, users can choose from many fiat functional currencies, ETH in USD, EUR, GBP, JPY and others.

The calculator is currently in public beta. The current interface should be treated more as an educational device than a means for practical calculations. However, this gives an idea of how important staking will become part of the 'new Ethereum' ecosystem. Technical Market Outlook:

The ETH/USD bears has pushed the price out of the Falling Wedge pattern and Ethereum made a new local low at the level of $188.86. There is a clear bearish divergence between the price and momentum indicator that supports the short-term bearish outlook, so the level of $188.86 might not be the target level and the ETH/USD rate can drop even further towards the next target at $178.25. The key short-term technical resistance is still located at the level of $198.72 and only a clear breakout above this level will open the road towards the $209.09 target.

Weekly Pivot Points:
WR3 - $243.80
WR2 - $220.39
WR1 - $211.16
Weekly Pivot - $187.55
WS1 - $172.98
WS2 - $155.34
WS3 - $144.09

Trading Recommendations:
The fear of the coronavirus consequences is very strong among the global investors and it rules on the financial markets. So far the global investors are not so keen to invest in cryptocurrency, because they are being perceived as risky assets. The larger time frame trend on Ethereum remains down and as long as the level of $214.67 is not violated, all rallies will be treated as a counter-trend corrective moves. This is why the short positions are now more preferred.

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 29-04-20, 08:16

Technical Analysis of EUR/USD for 29/04/2020:

Technical Market Outlook:
The EUR/USD pair has hit the key short-term resistance located at the level of 1.0878. So far the bulls were able to make a new local high at the level of 1.0849 and they are under the bearish pressure again. The price was rejected from the level of 1.0878 and a Bearish Engulfing candlestick pattern was made at the end of the move. The momentum is still strong and positive, but the market conditions are overbought, so the odds for another dynamic wave up are decreasing. The nearest technical support is seen at the level of 1.0809.

Weekly Pivot Points:
WR3 - 1.1057
WR2 - 1.0976
WR1 - 1.0895
Weekly Pivot - 1.0809
WS1 - 1.0731
WS2 - 1.0641
WS3 - 1.0563

Trading Recommendations:
The fear of the coronavirus consequences is very strong among the global investors and it rules on the financial markets. ON the EUR/USD pair the main trend is down, but the reversal is possible when the coronavirus pandemic will be tamed. The key long-term technical support is seen at the level of 1.0336 and the key long-term technical resistance is seen at the level of 1.1540. Only if one of this levels is clearly violated, the main trend might reverse (1.1540) or accelerate (1.0336).

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 14-05-20, 08:58

Technical Analysis of EUR/USD for May 14, 2020:

Technical Market Outlook:
The EUR/USD was rejected at the level of 50% Fibonacci located at 1.0892 after a Bearish Engulfing candlestick pattern was made at the end of the wave up. The bears are pushing the price towards the level of 1.0767 again. The bulls hasn't made a new local high yet, so the next target for them is still seen at the level of 61% Fibonacci retracement at 1.0921. This level must be clearly violated in order to rally towards the swing high at 1.1017. The momentum remains neutral, but might turn negative any time now.

Weekly Pivot Points:
WR3 - 1.1136
WR2 - 1.1058
WR1 - 1.0936
Weekly Pivot - 1.0853
WS1 - 1.0718
WS2 - 1.0627
WS3 - 1.0520

Trading Recommendations:
The fear of the coronavirus consequences has decreased among the global investors on the financial markets. On the EUR/USD pair the main long term trend is down, but the reversal is possible when the coronavirus pandemic will be tamed. The key long-term technical support is seen at the level of 1.0336 and the key long-term technical resistance is seen at the level of 1.1540. Only if one of this levels is clearly violated, the main trend might reverse (1.1540) or accelerate (1.0336).

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 15-05-20, 08:24

Technical Analysis of GBP/USD for May 15, 2020:

Technical Market Outlook:
The GBP/USD pair has broken below another technical support located at the level of 1.2246 and made a new local low at the level of 1.2165. Despite the oversold market conditions the momentum remains negative well and the odds for another wave down might be higher. The nearest technical resistance is seen at the level of 1.2246 and 1.2297 and the nearest technical support is located at the level of 1.2165. If the level of 1.2165 is clearly violated, then the next target for bears is seen at the level of 1.2012.

Weekly Pivot Points:
WR3 - 1.2730
WR2 - 1.2608
WR1 - 1.2508
Weekly Pivot - 1.2380
WS1 - 1.2283
WS2 - 1.2157
WS3 - 1.2054

Trading Recommendations:
The fear of the coronavirus consequences has decreased among the global investors on the financial markets. On the GBP/USD pair the main trend is down, but the reversal will be possible when the coronavirus pandemic is tamed. The key long-term technical support has been recently violated (1.1983) and the new one is seen at the level of 1.1404. The key long-term technical resistance is seen at the level of 1.3518. Only if one of these levels is clearly violated, the main trend might reverse (1.3518) or accelerate (1.1404). The market might have done a Double Top pattern at the level of 1.2645, so the price might move lower in the longer-term.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 29-05-20, 08:09

Forecast for EUR/USD on May 29, 2020

EUR/USD
Yesterday, investors' expectations for positive US data did not materialize. The volume of orders for durable goods fell by 17.2% in April after a previous drop of 14.7%. The forecast was -19.0%, but of -17.2% optimism, of course, does not cause. The second estimate of GDP for the first quarter was revised down from -4.8% to -5.0% against the forecast without change (i.e. -4.8%). As a result, the dollar index lost -0.47%, the euro grew by 68 points, the S&P 500 fell by 0.21%. Macro statistics do not have to wait for optimism to an even greater extent today. The forecast for personal incomes of consumers for April is -7.0%, for personal expenses -12.6% versus the March contraction of -7.5%. The index of business activity in the manufacturing sector of the Chicago region in May is expected to increase from 35.4 to 40.1, but here (in the spirit of the times) there is a great emotional component, so the data may turn out to be worse.

The euro is moving towards its first target of 1.1140 on the daily chart. Whether there will be a price reversal from this level or the euro will continue to grow higher is currently not clear, since there are no prerequisites for technical signs in any direction. Price in a local situation is a leading factor, indicators in a guided position.

The price and indicators are growing on the H4 chart, there are no signs of a reversal. We are waiting for the price on the embedded line of the price channel of 1.1140.

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

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 13-07-20, 08:16

Forecast for EUR/USD on July 13, 2020

EUR/USD
The euro closed Friday with growth. The price found strong support at 1.1265. The growth continues this morning, the Marlin oscillator is in a hurry to move to the growth zone – in the upper half of its own window. The divergence option, in which the euro will show a new high (1.1465), is gaining more and more strength.

The price overcomes the signal level of 1.1315 on the four-hour chart, the Marlin oscillator moved to the growing trend zone, and the nearest growth target is the level of 1.1353. Overcoming the level opens the way to 1.1420, then to 1.1465. The recently formed divergence is considered fulfilled, the price has taken a course for a new short-term trend.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 01-12-20, 06:56

Forex Analysis & Reviews: Forecast for EUR/USD on December 1, 2020

EUR/USD
According to news agencies, stock market participants took profits yesterday, due to which the S&P 500 fell by 0.46%, and the Dow Jones -0.91%. Trading volumes were large, a sign of flight from the stock market before the announcement of the UK's exit from the EU without a deal. The euro lost 35 points on the same expectations, falling from the day's high with 77 points. The price slightly fell short of the target level 1.2010/40. Divergence on the daily chart is gaining strength

Taking the high volumes of yesterday's trading into account, which were the highest for the euro over the past two weeks, investors are unlikely to want to try to take it a second time. Now we are waiting for the price to move under the MACD line (1.1896) and the attack on support at 1.1750. If successful, it will be followed by - reaching the lower embedded line of the price channel in the 1.1620 area.

The four-hour chart shows that the signal line of the Marlin oscillator has returned to the lower border of its own range. At the same time, the price reached the support of the MACD indicator line. Since the price overcame yesterday's low of 1.1926, it is possible to open short deals while aiming for 1.1750 and 1.1620.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 03-02-21, 07:51

Forex Analysis & Reviews: Forecast for EUR/USD on February 3, 2021

EUR/USD
Yesterday, the euro settled below the MACD indicator line on the daily chart. This suggests that now the road to a medium-term decline with the 1.1760 target and, probably, below, in the target range of 1.1550/75 is open. The goals are still to be specified.

But at the moment there is a circumstance that can disrupt the plan to pull down the price to the nearest targets: 1.1980 and 1.1915. This is a sign of the price convergence with the Marlin oscillator. If this convergence is completed and it turns out to be strong, the price will be able to return to the area above the MACD line and then a new downward momentum will be carried over for several more days. In the meantime, the correction is limited by the resistance of the MACD line at 1.2083.

There are no clear reversal signs on the 4-hour chart. The Marlin oscillator is growing in a downward trend zone. The price and the oscillator are growing within a moderate correction. The main scenario - the imminent end of the correction and the price falling to the first target of 1.1980 and to the second target at 1.1915 has higher chances, about 70%.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 04-02-21, 08:43

Forex Analysis & Reviews: Technical Analysis of GBP/USD for February 4, 2021

Technical Market Outlook:
The bearish pressure on GBP/USD has increased and the market has broke below the technical support located at the level of 1.3608. This level will now act as an intraday technical resistance. The local low was made at the level of 1.3586, so the next target for them is the intraday technical support located at the level of 1.3519. The market is coming off the overbought conditions and the momentum is weak and negative, pointing down. The key mid - term technical support is seen at the level of 1.3428, but please pay attention to any breakout below the trend line support around the level of 1.3500 first. This might be the first indication of a potential move lower.

Weekly Pivot Points:
WR3 - 1.4011
WR2 - 1.3877
WR1 - 1.3788
Weekly Pivot - 1.3646
WS1 - 1.3564
WS2 - 1.3416
WS3 - 1.3342

Trading Recommendations:
The GBP/USD pair keeps developing the up trend and the trigger for this trend was the breakout above the level or 1.3518 on the weekly time frame chart. The recent top was made at the level of 1.3744 and this was the higher close 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.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 17-02-21, 06:30

Forex Analysis & Reviews: Forecast for EUR/USD on February 17, 2021

EUR/USD
Yesterday, the euro failed to take the opportunity to reach the 1.2190-1.2272 range. The excellent European ZEW Economic Sentiment did not even provide support to the euro, which grew from 58.3 to 69.6 while expectations were at 59.2, and the GDP for the fourth quarter showed a decline of -0.6% against the forecasts at -0.7%. But investors were happy with the growth of activity in the manufacturing sector in New York, which showed an increase from 3.5 to 12.1. As a result, the euro lost 23 points in a day.

Today, investors have more serious reasons for strengthening the dollar: retail sales for January are forecast to grow by 1.1%, industrial production is expected to grow by 0.5%.

The price moves back down below the MACD indicator line on the daily chart, while the Marlin indicator also returns to the downward trend zone. Now the price is facing the 1.1870-1.1915 target.

The price also goes under the MACD line on the four-hour chart, while Marlin has already consolidated in the zone of negative values. We look forward to further weakening of the euro.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 01-03-21, 06:36

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.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 05-03-21, 06:57

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.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 11-06-21, 07:53

Forex Analysis & Reviews: Forecast for GBP/USD on June 11, 2021

GBP/USD
The British pound took advantage of the euro's uncertain state after the ECB meeting and gained 59 points. On the daily chart, it looks like a rebound from the balance indicator line.

But all is not lost for the bears: the Marlin oscillator is not growing, as it remains in the zone of negative values, and in the afternoon, as expected, weak data on the UK will be released. GDP for the first quarter is forecasted at -1.5% (-6.1% y/y), trade balance for April at 12.1 billion pounds against 11.7 billion in March, industrial production growth in April 1.2% against 1.6% a month earlier. Perhaps the price will return to the MACD line (1.4105), that is, to yesterday's opening. Growth, in case of good indicators, is possible, and it could reach a target level like 1.4244 and even further to 1.4277.

The price settled above both indicator lines on the H4 chart, Marlin is in a growing position. The short-term trend is on the rise. If the price returns below the MACD line (1.4150), then the movement will continue to 1.4105.

Analysis are provided by InstaForex