Instaforex Analysis

**InstaForex Gertrude** · 26-06-18, 07:14

Trading Plan for Crude Oil for June 26, 2018

Technical outlook:
A medium-term time frame has been presented (4 hours) here, and the most probable wave counts have been labelled here. It looks to be like a bearish resumption trade setup is getting ready in Crude Oil now. Let us understand the wave counts from sub 73.00 levels. The drop from 73.00 to almost 63.50 has been an impulse (unfolding into 5 waves) as labeled here. The entire drop can be labeled as wave (1). The subsequent rally then unfolded into a probable Zigzag (5-3-5) corrective wave structure, labeled as a-b-c here. Also note that the termination of the wave (2) is just at Fibonacci 0.618 resistance, around 69.50 levels, which triggered a sharp reversal yesterday. if this ave structure holds to be good, we should witness a continued drop lower towards 58.00 and 48.00 respectively. Ideally, prices should now stay below 73.00 levels going forward.

Trading plan:
Remain short now, stop above 73.00, target 58.00 at least.

Fundamental outlook:
Watch out for US Consumer confidence numbers to be out today at 10:00 AM EST.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 04-07-18, 06:50

Technical analysis of AUD/USD for July 04, 2018

Overview:
Last week, the AUD/USD pair fell from the level of 0.7474 towards 0.7348. Now, the price is set at 0.7371. The resistance is seen at the levels of 0.7426 and 0.7474. Moreover, the price area of 0.7474 remains a significant resistance zone. Therefore, there is a possibility that the AUD/USD pair will move downside and the structure of a fall does not look corrective. The trend is still below the 100 EMA for that the bearish outlook remains the same as long as the 100 EMA is headed to the downside. Thus, amid the previous events, the price is still moving between the levels of 0.7426 and 0.7257. If the AUD/USD pair fails to break through the resistance level of 0.7426, the market will decline further to 0.7474 as the first target. This would suggest the bearish market because the RSI indicator is still in a negative spot and does not show any trend-reversal signs. The pair is expected to drop lower towards at least 0.7302 so as to test the daily support 2. On the other hand, if a breakout takes place at the resistance level of 0.7474, then this scenario may become invalidated.

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 05-07-18, 06:46

Technical analysis: Intraday Level For EUR/USD, July 05, 2018

When the European market opens, some Economic Data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, Retail PMI, and German Factory Orders m/m. The US will release the Economic Data too, such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1718.
Strong Resistance:1.1711.
Original Resistance: 1.1700.
Inner Sell Area: 1.1689.
Target Inner Area: 1.1661.
Inner Buy Area: 1.1633.
Original Support: 1.1622.
Strong Support: 1.1611.
Breakout SELL Level: 1.1604.

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 06-07-18, 06:30

Technical analysis of NZD/USD for July 06, 2018

The NZD/USD (kiwi) pair continues to move downwards from the level of 0.6840. This week, the pair dropped from the level of 0.6840 to trade around the 0.6775 level. This level of 0.6840 coincides with the major resistance today. Today, the first resistance level is seen at 0.6840 followed by 0.6880, while daily support 1 is found at 0.6742. Also, the level of 0.6775 represents a key price today for that it is acting as major resistance/support this week. Amid the previous events, the pair is still in a downtrend, because the NZD/USD pair is trading in a bearish trend from the new resistance line of 0.6840/0.6807 towards the first support level at 0.6742 in order to test it. If the pair succeeds to pass through the level of 0.6742, the market will indicate a bearish opportunity below the level of 0.6742. Then, resell again at the price of 0.6742 with the targets of 0.6716 and 0.6697. On the other hand, if a breakout happens at the resistance level of 0.6840, then this scenario may be invalidated.

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 10-07-18, 07:18

Wave analysis of EUR / USD. The euro continues to adhere to the working scenario

Analysis of wave counting:

During the trades on Friday, the currency pair EUR / USD added about 50 percentage points, remaining thus in the stage of construction of the proposed wave 3, c, 4. If this is the case, then the quotes will continue to rise with targets near the mark of 1.1856, which corresponds to 100.0% of Fibonacci, and higher. The wave c can assume a pronounced 5-wave structure, which allows one to assume the growth of the pair to area 20 of the figure. The construction of wave 5 of the downward trend section is being postponed for an indefinite period.

The objectives for the option with sales: 1.1440 - 323.6% of the Fibonacci of the highest order
1,1118 - 423.6% of Fibonacci

The objectives for the option with purchases:
1.1866 - 100.0% of Fibonacci
1.2072 - 127.2% of Fibonacci

General conclusions and trading recommendations:

The pair EUR / USD continues to rise within wave 3, c, 4. Thus, on July 9 I recommend to remain in purchases with targets located near the calculated marks of 1.1856 and 1.2072, which corresponds to 100.0% and 127.2% of Fibonacci. Return to sales, I recommend after receiving confirmation of the completion of the entire wave 4. At the moment there is no sign of the completion of the construction of this wave.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 12-07-18, 08:25

Trading Plan for EUR/USD for July 12, 2018

Technical outlook:

The hourly EUR/USD chart presented here indicates that the currency pair is dropping in a corrective manner since printing highs at the 1.1790 levels recently. At this point in time, prices are finding support at a past resistance turned support zone around the 1.1660/70 levels. According to the Fibonacci extensions displayed here, it remains quite possible for the pair to drop through the 1.1650/30 levels to find further support before turning higher. The price support is seen at the 1.1590 levels, followed by the 1.1530 levels, respectively, while interim resistance is seen at the 1.1790 levels. Most probable direction is to push higher at least one last time towards 1.1850 and above, before reversing lower again. Please note that in the medium term, till the prices remain below the 1.2150 levels, bears shall be in complete control.

Trade plan:

Aggressive traders, now look to buy again between the 1.1630/60 levels, with stop below 1.1550 and target above 1.1850.

Fundamental outlook:

Watch out for USD CPI at 0800 AM EST today.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 13-07-18, 08:03

Technical analysis of NZD/USD for July 13, 2018

Overview: The NZD/USD pair continues to move downwards from the level of 0.6840 (23.6% of Fibonacci retracement). This week (from 9 to 13 July 2018), the pair has dropped from the level of 0.6840 to trade around the 0.6775 level. This level of 0.6840 coincides with the major resistance today. Today, the first resistance level is seen at 0.6840 followed by 0.6880, while daily support 1 is found at 0.6742. Also, the level of 0.6775 represents a key price today for that it is acting as major resistance/support this week. Amid the previous events, the pair is still in a downtrend, because the NZD/USD pair is trading in a bearish trend from the new resistance line of 0.6840/0.6807 towards the first support level at 0.6742 in order to test it. If the pair succeeds to pass through the level of 0.6742, the market will indicate a bearish opportunity below the level of 0.6742. Then, resell again at the price of 0.6742 with the targets of 0.6716 and 0.6697. On the other hand, if a breakout happens at the resistance level of 0.6843, then this scenario may be invalidated.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 16-07-18, 08:01

Technical analysis of Bitcoin For July 16, 2018

The Bitcoin at the 4-hour charts looks clearly moving in a Bearish bias. This can be confirmed by the price still moving in a down slope channel and the Exponential Moving Average period 21 still bellow the Linear Weighted Moving Average period 55, as long as the price does not break out and close above the 6,360.51, it is highly likely the bias from this cryptocurrency will still be in a Bearish condition.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 17-07-18, 07:39

Technical analysis: Intraday Level For EUR/USD, July 17, 2018

When the European market opens, there's no Economic Data will be released from the Euro Zone, but The US will release the Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1767.
Strong Resistance:1.1760.
Original Resistance: 1.1749.
Inner Sell Area: 1.1738.
Target Inner Area: 1.1710.
Inner Buy Area: 1.1682.
Original Support: 1.1671.
Strong Support: 1.1660.
Breakout SELL Level: 1.1653.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 18-07-18, 08:09

Technical analysis: Intraday level for USD/JPY, July 18, 2018

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Beige Book, Crude Oil Inventories, Housing Starts, and Building Permits. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.54.
Resistance. 2: 113.32.
Resistance. 1: 113.10.
Support. 1: 112.82.
Support. 2: 112.60.
Support. 3: 112.38.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 20-07-18, 07:52

Technical analysis: Intraday Level For EUR/USD, July 20, 2018

When the European market opens, some Economic Data will be released such as Current Account and German PPI m/m. The US today will not release any Economic Data, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1711.
Strong Resistance:1.1704.
Original Resistance: 1.1693.
Inner Sell Area: 1.1682.
Target Inner Area: 1.1654.
Inner Buy Area: 1.1625.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 24-07-18, 08:10

Elliott wave analysis of EUR/NZD for July 24, 2018

We continue to look for more upside pressure through resistance at 1.7268 and more importantly through resistance at 1.7305, that calls for red wave iii towards 1.7505 on the way higher towards 1.8381.

Support is now seen at 1.7206 and again at 1.7170. Ideally the later will be able to protect the downside for the expected break above 1.7268.

R3: 1.7305
R2: 1.7268
R1: 1.7232
Pivot: 1.7208
S1: 1.7184
S2: 1.7164
S3: 1.7144

Trading recommendation:
We are long EUR at 1.7226 with our stop placed at 1.7110. If you are not long EUR yet, then buy EUR upon a break above 1.7268 and start by using the same stop at 1.7110.

*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** · 27-07-18, 07:45

Elliott wave analysis of EUR/NZD for July 27, 2018

EUR/NZD is a break above the descending channel resistance-line near 1.7173 indicating that red wave ii completed with the test of 1.7130 and red wave iii towards 1.7510 now is developing.

Short-term, we would like to see a break above resistance at 1.7207 too, as confirmation that red wave iii is in motion for the next impulsive rally.

Support is now seen at 1.7162 and again at 1.7130. Ideally the later will be able to protect the downside for the expected break above 1.7207.

R3: 1.7305
R2: 1.7268
R1: 1.7207
Pivot: 1.7184
S1: 1.7162 S2: 1.7130
S3: 1.7116

Trading recommendation:
We are long EUR from 1.7226 with our stop placed at 1.7110. If you are not long EUR yet, you should buy here at 1.7180 or upon a break above 1.7207 and use the same stop at 1.7110.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 30-07-18, 08:16

Elliott wave analysis of EUR/NZD for July 30, 2018

We continue to expect support at 1.1716 will be able to protect the downside for a break above resistance at 1.7207 that confirms, that red wave ii has completed and that red wave iii towards 1.7510 and above is developing.

An unexpected break below support at 1.7116 will tell us that the correction in black wave ii/ still is in motion for a continuation closer to 1.7067 before a possible corrective low should be in place.

R3: 1.7268
R2: 1.7207
R1: 1.7163
Pivot: 1.7137
S1: 1.7116
S2: 1.7067
S3: 1.7033

Trading recommendation:
We are long EUR from 1.7226, with our stop placed at 1.7110. If you are not long EUR, the buy a break above 1.7207 and use the same stop at 1.7110.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 31-07-18, 08:19

Technical analysis: Intraday Level For EUR/USD, July 31, 2018

When the European market opens, some Economic Data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Prelim Flash GDP q/q, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash GDP q/q, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data too such as CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, Personal Income m/m, Personal Spending m/m, Employment Cost Index q/q, and Core PCE Price Index m/m, so amid the reports, EUR/USD will move in a medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1765.
Strong Resistance:1.1758.
Original Resistance: 1.1757.
Inner Sell Area: 1.1736.
Target Inner Area: 1.1708. Inner
Buy Area: 1.1680.
Original Support: 1.1669.
Strong Support: 1.1658.
Breakout SELL Level: 1.1651.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 01-08-18, 08:09

Elliott wave analysis of EUR/NZD for August 1, 2018

EUR/NZD tried to break above short-term important resistance at 1.7205 but failed. We think it is just a matter of time before a new attempt to break above this resistance is seen. A firm break above resistance at 1.7205, will confirm that red wave ii has completed and that red wave iii towards 1.7510 and above is developing.

Short-term, support remains seen at 1.7134 and 1.7116. The later should continue to protect the downside for the expected break above 1.7205. An unexpected break below 1.7116, will indicate that black wave ii/ still is in motion for a spike lower to 1.7066 before turning higher in black wave iii/.

R3: 1.7268
R2: 1.7207
R1: 1.7185
Pivot: 1.7165
S1: 1.7137
S2: 1.7116
S3: 1.7106

Trading recommendation:
We are long EUR from 1.7226 with our stop placed at 1.7110. If you are not long EUR yet, then buy a break above 1.7205 and use the same stop at 1.7110.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 06-08-18, 07:28

Elliott wave analysis of EUR/JPY for August 6, 2018

EUR/JPY has moved just below the lower boundary at 128.66 (the low has been seen at 158.49). This does fulfill all requirements for our slightly preferred scenario, meaning that a low should be in place for wave ii/ and a new impulsive rally in wave iii/ should be ready to develop. Wave iii/ will ideally make it to 135.74 and possibly even higher.

That said, we need to remember that prices need to prove themselves for a strong rally above 129.62. The possible alternate scenario still remains possible. Under this count, wave ii still is developing as an expanded flat correction. If this count is correct, then we should expect resistance near 129.62 will cap the upside for a final decline towards 126.01 to complete wave ii before wave iii will be ready to take over.

R3: 129.62
R2: 129.18
R1: 129.00
Pivot: 128.77
S1: 128.50
S2: 128.11
S3: 127.69

Trading recommendation:
Our stop at 128.50 was hit for a 45 pips loss. We will re-buy EUR here at 128.72 and place our stop at 128.45.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 08-08-18, 07:43

Elliott wave analysis of EUR/NZD for August 8, 2018

EUR/NZD is once again testing important resistance at 1.7224, but we need a clear break above here to confirm that the next impulsive rally towards 1.7510 is in motion. As long as resistance at 1.7224 is able to cap the upside as long does the possibility for a final drop into the 1.7033 - 1.7066 area exist, before completing wave ii/.

Longer-term, we remain bullish EUR/NZD for a rally towards 1.8310 and ultimately higher towards 1.98 - 1.99 area.

R3: 1.7305
R2: 1.7251
R1: 1.7224
Pivot: 1.7187
S1: 1.7150
S2: 1.7115
S2: 1.7094

Trading recommendation:
We are long EUR from 1.7226 with our stop placed at 1.7110.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 10-08-18, 07:00

Elliott wave analysis of EUR/NZD for August 10, 2018

After some sideways consolidation between 1.7352 - 1.7448 more upside will be expected towards the next minor upside targets at 1.7924 on the way higher towards 1.8369 and 1.8423.

Support is now seen at 1.7404 and again at 1.7352. Ideally the later will be able to protect the downside for a clear break above 1.7480 confirming the next part of the uptrend towards 1.7924.

Only a break below support at 1.7301 will question the expected rally higher.

R3: 1.7667
R2: 1.7564
R1: 1.7480
Pivot: 1.7437
S1: 1.7404
S2: 1.7388
S3: 1.7352

Trading recommendation:
We are long EUR from 1.7226 and we will raise our stop to 1.7275.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 13-08-18, 07:42

Technical analysis: Intraday Level For EUR/USD, Aug 13, 2018

When the European market opens, there will be no Economic Data released, but the US will release the Economic Data such as Mortgage Delinquencies, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1451.
Strong Resistance:1.1444.
Original Resistance: 1.1433.
Inner Sell Area: 1.1422.
Target Inner Area: 1.1395.
Inner Buy Area: 1.1368.
Original Support: 1.1357.
Strong Support: 1.1346.
Breakout SELL Level: 1.1339.

Analysis are provided by InstaForex