Instaforex Analysis

**InstaForex Gertrude** · 14-03-22, 06:43

Forex Analysis & Reviews: Elliott wave analysis of Silver for March 14, 2022

Silver has activated the double bottom for a rally towards the double bottom target at 29.28 and likely even closer to the extension target at 31.70. Longer-term a break above the former top at 30 should trigger a continuation higher towards the all-time higher near 50.00.

Support remains at 25.40 but even a small break below here,

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**InstaForex Gertrude** · 15-03-22, 07:25

Forex Analysis & Reviews: Forecast for AUD/USD on March 15, 2022

The Australian dollar confirmed our yesterday's thesis about the prospect of a rapid decline as a recovery of balance with other world currencies after its previous four-month growth outstripping the market. The aussie's fall from yesterday was 100 points, the MACD line of the daily scale was reached. This morning, the price continued its decline with overcoming this support line. The Marlin Oscillator is in the downward trend zone. The 0.7065 target is open.

The price is completely in a downward position on the four-hour chart - it is falling below the indicator lines, the MACD line itself has turned to decline. The Marlin Oscillator may soon enter the oversold zone, but under the pressure of fundamental factors, it may end up there for several days.

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**InstaForex Gertrude** · 16-03-22, 06:52

Forex Analysis & Reviews: Trading plan for EURUSD for March 16, 2022

Technical outlook:
EURUSD continues to consolidate between 1.0900 and 1.1000 levels within a triangle, waiting for a breakout. Today's event risk might trigger the necessary technical price action, which is favored above 1.1120 mark. Bulls remain poised to keep prices above 1.0800 to keep the structure intact going forward.

.EURUSD faces immediate price resistance around 1.1500 mark as seen on the daily chart. A break above that mark will confirm potential trend reveral and that bulls rew going to remain in control. On the flip side, a break below 1.0800 interim support will open the door t test 1.0750 handle before finding support again.

EURUSD had rallied earlier between 1.0536 and 1.2350 levels carving a meaningful upswing at a larger degree. The subsequent drop since then has been corrective and has dropped through fibonacci 0.618 retracement around 1.0800 mark. If the above structure holds well, bulls will remain in control pushing through 1.1500 levels near term.

Trading plan:
Potential rally through 1.1500 against 1.0700

Good luck!

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**InstaForex Gertrude** · 17-03-22, 07:01

Forex Analysis & Reviews: Trading plan for US dollar index for March 17, 2022

Technical outlook:
The US dollar index has dropped through 98.40 intraday today after carving a lower high around 99.30 levels early this week. The index has also carved another Evening Star bearish candlestick pattern on the daily chart as expected. Ideally, prices should continue to drag lower from here and a drop below 97.70 will accelerate further.

Furthermore, if the US dollar index bears are successful in holding prices below 99.45 mark, we might withess a steep fall towards 94.50 in the next few trading sessions. A break there will also confirm that bears are back in control and are here to stay for long. On the flip side, if a more complex corrective structure unfolds, prices might print above 99.30 before finding resistance.

The US dollar had earlier carved a meaningful larger degree downswing by dropping from 104.00 through 89.20 levels. The entire drop has now been retraced through its fibonacci 0.618 level seen around 99.45 mark. If the above structure holds well, bears will remain inclined to drag prices below 89.20 to complete the structure.

Trading plan:
Potential drop through 94.50 against 100.00
Good luck!

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**InstaForex Gertrude** · 21-03-22, 06:30

Forex Analysis & Reviews: Forecast for GBP/USD on March 21, 2022

The British pound is consolidating in the range of target levels 1.3110-1.3210. If we assume that the pound's growth since March 15 is a correction from a strong previous fall, then its potential is far from exhausted, it can continue to the MACD line, which currently corresponds to a 50% correction level. Slow price growth will allow the MACD line to drop to the 38.2% correction level, which is close to the target level of 1.3270. Therefore, with the release of the price above the nearest resistance at 1.3210, we can expect continued steady growth to 1.3270. Price drop below 1.3110 will bring it back to the downside.

On the H4 chart, the situation is ascending: the price is developing along the balance and MACD indicator lines, the Marlin Oscillator is falling, being led in the current situation, but has not yet left the territory of the rising trend. We are waiting for the continuation of consolidation in the indicated hundred-point range and follow the choice of the price of the further direction. The probability of growth is 55%.

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**InstaForex Gertrude** · 22-03-22, 07:41

Forex Analysis & Reviews: Forecast for EUR/USD on March 22, 2022

Last night, Federal Reserve Chairman Jerome Powell spoke and said that if inflation rises, the rate at the May meeting could be increased by 0.50 points. Investors rated this as a belated recognition, but still began to buy dollars (the dollar index is 0.24%), dump government bonds (yield on 5-year securities increased from 2.14% to 2.32%) and leave the stock market (Dow Jones -0.58%, S&P 500 -0.04%). The market probability of a double rate hike at the next meeting has increased to 60 percent.

It is very likely that the euro changed its mind for the second time to storm the resistance of 1.1121 and reach the target of 1.1177, not to mention the closing of the double gap around the level of 1.1280. But we still need to be convinced of this intention.

The Marlin Oscillator is falling in the negative zone on the H4 chart, and in order to fully confirm the price's intention to decrease, the MACD line should be overcome, near the mark of 1.0944. In this case, the first bearish target at 1.0820 will open.

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**InstaForex Gertrude** · 23-03-22, 05:38

Forex Analysis & Reviews: Forecast for AUD/USD on March 23, 2022

The Australian dollar's growth from yesterday amounted to 68 points. The price overcame the target range of 0.7415/30, but the next target (0.7500) did not work out. The Marlin Oscillator is starting to turn down, and while its readings are not enough to resolve the issue with the 1.7500 level, will the price reach it or not. Returning to the area below 0.7415 opens the 0.7315 target.

The technical situation is even more confusing on the four-hour chart. Price divergence begins to form with the Marlin Oscillator; it can persist even if the bullish target level is worked out. But there may be a price reversal with consolidation under 0.7415 from the current levels. We are waiting for the development of events.

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**InstaForex Gertrude** · 24-03-22, 06:15

Forex Analysis & Reviews: Forecast for EUR/USD on March 24, 2022

Over the past two days, that is, for Wednesday and Tuesday, the euro has formed the support of 1.0962 with the lower pronounced shadows of daily candles. And since the daily trend remained downward, the signal line of the Marlin Oscillator did not dare to go into the positive area. Overcoming the freshly baked support will be a fresh impetus to continue the decline, towards the target of 1.0820.

The 1.0962 level coincides with the support of the MACD line on the four-hour chart. This circumstance further increases the value of this level, so we are now waiting for a confident price movement with overcoming this line.

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**InstaForex Gertrude** · 25-03-22, 10:19

Forex Analysis & Reviews: Technical Analysis of GBP/USD for March 25, 2022

Technical Market Outlook
The GBP/USD pair has been having trouble to move higher after the local high was made at the level of 1.3295 and is currently testing the lower channel line around the level of 1.3194. Any sustained violation of the level of 1.3194 will indicate a possibility of a deeper correction, so please keep an eye on this level and on the whole demand zone located between the levels of 1.3121 - 1.3110. The nearest technical resistance is seen at the level of 1.3210 and 1.3240.

Weekly Pivot Points:
WR3 - 1.3487
WR2 - 1.3345
WR1 - 1.3272
Weekly Pivot - 1.3138
WS1 - 1.3067
WS2 - 1.2918
WS3 - 1.2816

Trading Outlook:
If the market will break below the level of 1.3169, the up trend on the weekly time frame is terminated and the bears enforce and confirm their control over the market in the long term. The Cable is below 100 and 200 WMA already, so the bearish domination is clear. The next long term target for bears is seen at the level of 1.2751 and 1.2663. Please remember: trend is your friend.

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**InstaForex Gertrude** · 28-03-22, 06:24

Forex Analysis & Reviews: Forecast for GBP/USD on March 28, 2022

The British pound could not cope with the resistance of 1.3210 on Friday, and the Marlin daily scale oscillator returned below the zero line, showing the previous exit into the positive trend zone was false (arrow). Now the task for the pound is to consolidate under the support of 1.3119 (March 22 low) and start the hike to 1.2900.

On the H4 chart, the price went under the red balance indicator line with consolidation, and this shows the shift in the mood of speculators to short positions. The signal line of the Marlin Oscillator is developing in a downward trend - in the territory of negative values. The MACD line approached the level of 1.3119 - it strengthened it, made it more significant for the prospect of a downward movement in case the price surpasses it.

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**InstaForex Gertrude** · 29-03-22, 08:02

[B]Forex Analysis & Reviews: Forecast for GBP/USD on March 29, 2022

The British pound fell 93 points yesterday, having successfully overcome the first target level of 1.3119. The Marlin Oscillator has settled in the downward trend area. The price has chosen a direction and a target at 1.2900. Slightly lower is the second target at 1.2853, which together can be defined as a target range of 1.2853-1.2900 (November 2020 low and December 2019 low).

The price consolidated under the level of 1.3119 and under the MACD line on the four-hour chart. The trend is downward, but at the moment there is a slight correction after yesterday's strong fall. Upon completion of the correction, we expect further decline.

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**InstaForex Gertrude** · 30-03-22, 07:03

Forex Analysis & Reviews: Forecast for AUD/USD on March 30, 2022

The Australian dollar's decline, which had begun yesterday, stopped and turned into the US dollar's growth, which weakened by 0.72%. The Australian dollar managed to return above the target level of 0.7500 in one day and is now ready to rise to the next bullish target of 0.7600. The aussie's readiness is still not complete, as the Marlin Oscillator has not turned up yet. Perhaps the upward price movement will be in the form of a saw.

On the H4 chart, the price has settled above the target level of 0.7500 and is developing above the balance indicator line. The Marlin Oscillator is close to the transition to the positive area. We are waiting for the price at the level of 0.7600.

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**InstaForex Gertrude** · 31-03-22, 08:12

Forex Analysis & Reviews: ETHUSD, Bullish Pressure | 31st March 2022

On the H4, with price moving above the Ichimoku indicator, we have a bias that price will rise to our 1st resistance at 3589 in line with the horizontal pullback resistance and 127.2% Fibonacci extension from our 1st support at 3240 in line with the horizontal pullback support and 23.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 3034 in line with the horizontal pullback support and 38.2% Fibonacci retracement.

Trading Recommendation
Entry: 3240
Reason for Entry:
Horizontal pullback support and 23.6% Fibonacci retracement
Take Profit: 3589
Reason for Take Profit:Horizontal pullback resistance and 127.2% Fibonacci extension
Stop Loss: 3034
Reason for Stop Loss:Horizontal pullback support and 38.2% Fibonacci retracement

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

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**InstaForex Gertrude** · 01-04-22, 07:51

Forex Analysis & Reviews: Forecast for USD/JPY on April 1, 2022

So, yesterday's daily candle of the USD/JPY pair formed a small body with medium-length shadows, and this morning there is an increased growth of the pair. Taking into account the large black candle of the environment, we see the formation of a reversal combination. Our scenario involves the formation of a triangle here. If the triangle is horizontal, then this will be a sign of further price growth, if the triangle is formed upwards, and for this it has a target level of 125.85, then this will be a reversal pattern in the medium and long-term decline. At the moment, we are waiting for growth to the area of the upper hypothetical line of the triangle at 124.60.

On the four-hour chart, the price is trying to go above the balance and MACD indicator lines, the price has formed a convergence with the oscillator. The exit of the price above the MACD line (122.80), most likely, will coincide with the transition of Marlin to the positive area and this will be a signal for the continuation of the price growth.

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**InstaForex Gertrude** · 04-04-22, 08:39

Forex Analysis & Reviews: GBPUSD Bullish Bounce | 4th Apr 2022

On the H4, prices are abiding by an ascending trendline support. We see the potential for a dip from our 1st resistance 1.31152 at 23.6% Fibonacci retracement towards our ascending trendline support. Breaking our ascending trendline support will find prices dipping towards our 1st support at 1.30558 in line with 61.8% Fibonacci retracement. Our bearish bias is further supported by prices trading below our Ichimoku cloud resistance. Alternatively, prices may climb towards our 2nd resistance at 1.31622 in line with our graphical swing high.

Trading Recommendation
Entry: 1.31152
Reason for Entry:
23.6% Fibonacci retracement
Take Profit: 1.30558
Reason for Take Profit:61.8% FIbonacci retracement
Stop Loss: 1.31622
Reason for Stop Loss:
Graphical swing high

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**InstaForex Gertrude** · 06-04-22, 07:20

Forex Analysis & Reviews: Forecast for EUR/USD on April 6, 2022

The euro is falling evenly - yesterday's fall was about the same as on Monday. On the daily chart, the signal line of the Marlin Oscillator settled below the zero line. The trend is completely down, the target 1.0820 is open. Going under the level will be an early sign that we will see the euro at parity with the dollar. Consolidating below 1.0636 (March 2020 low) will confirm this signal.

The decline continues for all indicators on the four-hour chart. The Marlin Oscillator slowed down a bit, but it is not in the oversold zone yet. We are waiting for further development of the downward movement.

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**InstaForex Gertrude** · 07-04-22, 08:08

Forex Analysis & Reviews: Forecast for GBP/USD on April 7, 2022

The British pound has settled under the target level of 1.3119 on a daily scale, now it acts as a resistance for it. The signal line of the Marlin Oscillator is moving sideways along its own zero line. The prevailing trend is downward. We are waiting for its qualitative breakdown with the development of the target level of 1.2900.

The trend remains bearish on the lower working chart of H4. The price is below the indicator lines, the Marlin Oscillator has moved below the zero line and is already moving sideways in the negative area. We are waiting for the price at the target level of 1.2900. This is the December 2019 low.

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**InstaForex Gertrude** · 08-04-22, 08:01

Forex Analysis & Reviews: Forecast for EUR/USD on April 8, 2022

The euro continues to decline, although it has slowed down. It has a technically and ideologically important support at 1.0820 ahead of it, overcoming which opens the target of 1.0636 – the low of March 2020, therefore, in order to overcome such an important support, you need to gather your strength. Today is Friday, no important news is planned, and investors, if they have planned a breakthrough, will organize it not today. The Marlin Oscillator of a daily scale is moving exactly horizontally, which hints at the preliminary closing of short positions of players before an assault with fresh forces.

On the four-hour chart, the Marlin Oscillator is growing in the downtrend zone, this can be interpreted in two ways: the oscillator rarefaction before further decline into the oversold area and a slight convergence with the price, indicating the expected closing of positions.

Thus, two scenarios of one action appear: price correction from current levels (correction limit at 1.0945) and a subsequent powerful attack on the target level of 1.0820, and support at 1.0820 working off with a subsequent bounce from the level and only then going under it with a further decline.

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**InstaForex Gertrude** · 11-04-22, 07:51

Forex Analysis & Reviews: Forecast for AUD/USD on April 11, 2022

On Friday, the Australian dollar marked the lower shadow of the daily candle in the target range of 0.7415/30, then went back out of it. The signal line of the Marlin Oscillator has gone into the negative area, so we do not expect a strong correction from the range reached. Until the US dollar index strengthens again, the aussie is likely to move sideways. The price going under the lower border of the range opens a new target 0.7315 (high on January 13).

On the four-hour chart, the price is in no hurry to go into a correction. The Marlin Oscillator is also in no hurry to move either down or turn up. This circumstance confirms the aussie's reluctance to develop corrective growth.

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**InstaForex Gertrude** · 12-04-22, 10:07

Forex Analysis & Reviews: Elliott wave analysis of Silver for April 12, 2022

Silver turned higher as the cycle bottomed. We are looking for a break above minor resistance at 25.85 for a continuation higher towards 30.00 and ultimately a rally towards the all-time high at 50.00.

Support is now seen at 24.59 that ideally will be able to protect the downside for the expected break above minor resistance at 25.85. Only a break below support at 24.13 will shift the tide towards the downside and a decline towards 23.38, but the odds for this outcome are very low.

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