Page 73 of 107 FirstFirst ... 23637071727374757683 ... LastLast
Results 1,441 to 1,460 of 2124
  1. #1441
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on April 19, 2021

    EUR/USD
    Last Friday, the euro hit the resistance level of 1.1990 at the point where it coincides with the MACD indicator line on the daily chart and is declining this morning, reaching Friday's low. The Marlin oscillator is turning down. Perhaps this is a reversal to the 1.1810 target and to subsequent, lower target levels.

    The technical complexity of the current moment on the H4 chart; the gap remains open and the divergence with the oscillator risks becoming double, and the double divergence will create a cross with an undefined target. You can even allow 1.2023 - the low on February 17.

    But Marlin is still in the negative zone, so it may continue to fall, and the closing of the gap will be postponed indefinitely. But the price needs to settle below the MACD line for such a scenario, below 1.1930. In this case, the 1.1810 target will become relevant.

    Analysis are provided by InstaForex

  2. #1442
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for GBP/USD on April 20, 2021

    GBP/USD
    The pound soared 150 points yesterday, without any media reports about what happened. The optimism regarding the partial lifting of restrictions in England can hardly be taken as the main one. Nevertheless, the pound is determined, it has already crossed the MACD line, and after the price consolidates above the 1.4016 level (high on March 4 (checkmark), conditions are created for a prolonged attack on the February 24 high, to approximately the level of 1.4260.

    The price has consolidated above the target level of 1.3955 on the four-hour chart, the Marlin oscillator is slightly decreasing, removing tension, it seems, before the previous rally. But to confirm the signal, the price should settle above the reference level of 1.4016.

    Analysis are provided by InstaForex0

  3. #1443
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on April 21, 2021

    EUR/USD The euro traded in a 60-point range yesterday, closing the day at the opening level. The price settled above the 50.0% Fibonacci level (daily). Now the price is ready to continue rising to the next Fibonacci level of 61.8% at the price of 1.2105. Consolidating above it will entail another wave of growth to the Fibonacci level of 76.4% at the price of 1.2200. The trend breakdown will occur after the price settles below the MACD line, which is now just above the 38.2% Fibonacci level.

    At the moment, there is no reversal situation on the four-hour chart. The growth is confident and rhythmic.

    Analysis are provided by InstaForex

  4. #1444
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on April 22, 2021

    EUR/USD Yesterday, the euro mirrored the situation on Tuesday: the day closed at the opening level, only the pronounced shadow was lower this time. The opening and closing of the days occurs above the Fibonacci level of 50.0%, which speaks in favor of further growth. The nearest target is the Fibonacci level of 61.8% at 1.2105. It is followed by 1.2200 at the Fibonacci level of 76.4%. The Marlin oscillator is directed to the downside, but it is not in the overbought zone, so this short decline is only a discharge of the oscillator before it grows further.

    The price continues to rise on the four-hour chart. Marlin returned to the positive area. The two-day consolidation seems to be over, now we are waiting for it to move towards the specified goals.

    Analysis are provided by InstaForex

  5. #1445
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Short-term analysis on USDJPY

    USDJPY has declined from 111 to 108 as expected after breaking out of the bullish channel. Price has stopped the decline right at the 38% Fibonacci retracement and key short-term support. A bounce towards 109-110 is justified at this point in time. Price might make a new lower low towards 107.70 before bouncing higher.

    Red line - support
    Green lines - Fibonacci retracement
    Yellow rectangle -pull back target
    USDJPY has a lot of chances of a move higher back inside the yellow rectangle. Price is at the 38% Fibonacci retracement and very close to the red trend line resistance. If price breaks below 107.70-107.50 then we should expect a deeper correction towards the next major Fibonacci retracement at 106 (61.8% retracement).

    Analysis are provided by InstaForex

  6. #1446
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on April 26, 2021

    EUR/USD This morning the euro reached its first target of 1.2105 at the 61.8% Fibonacci level. The correction from the movement on January 6-March 31 is already quite deep, but the price does not even intend to stop. In any case, the Marlin oscillator, being a leading indicator, continues to move up on the daily chart. The growth target is now the Fibonacci level of 76.4% at the price of 1.2200.

    There is a sign of an impending divergence on the four-hour chart. To secure this, the price will need to settle below 1.2105.

    Data on March orders for durable goods in the United States will be published in the evening. The forecast is 2.5%. The report will probably determine the price's further action. But even if the euro does not go to the second target at 1.2200, it will not be easy to form a reversal, since there is another 60 points (1.2050) before the MACD line, a departure under which will become a condition for a bearish reversal.

    So, the main scenario is the upward price movement. The risk of a reversal involves working with reduced volumes of open positions.

    Analysis are provided by InstaForex

  7. #1447
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on April 27, 2021

    EUR/USD Yesterday, the euro marked a downward turn after a correctional growth of 61.8% of the movement from January 6 to March 31. The first sign of it was when the divergence formed on the four-hour chart. The reversal should take place in two stages: consolidating under the MACD indicator line at H4 and settling under the same indicator line on the daily (1.1980).

    The growth will likely recover after the price goes over yesterday's high at 1.2117. In this case, the target will be the 76.4% correction level at the price of 1.2200. We choose a price reversal and a further medium-term decline as the main scenario, since the price still develops in the global descending channel, which originates from July 2008.

    So, we are waiting for the price to settle below 1.2060 and fall to 1.1980.

    Analysis are provided by InstaForex

  8. #1448
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on April 28, 2021

    EUR/USD The euro's situation has not changed over the past day. After an attempt to decline, this morning the price is found at the opening levels of Tuesday. Obviously, investors were waiting for the Federal Reserve meeting, which will happen today. The Marlin oscillator dropped a little more on the daily chart, the target along the MACD line at 1.1980 began to stand out more visually.

    The price could not settle under the MACD line on the four-hour chart, the Marlin oscillator got stuck on the border of the bears' territory. Pushing the price to settle below 1.2070 opens the target at 1.1980.

    Analysis are provided by InstaForex

  9. #1449
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Technical Analysis of EUR/USD for April 29, 2021

    Technical Market Outlook:

    The EUR/USD pair has been seen moving higher despite the several candlestick patterns warning about the potential local trend termination. The recent rally made the approach towards the level of 1.2149, just below the lower level of the supply zone located between the levels of 1.2154 - 1.2178. Please notice, the market conditions on the daily time frame chart are now overbought, so the chances for another wave up are decreasing and the pull-back or correction might start to develop soon. The next key technical support is seen at the level of 1.2011 and 1.1953.

    Weekly Pivot Points:
    WR3 - 1.2320
    WR2 - 1.2206
    WR1 - 1.2167
    Weekly Pivot - 1.2057
    WS1 - 1.2010
    WS2 - 1.1890
    WS3 - 1.1850

    Trading Recommendations:

    The weekly time frame chart show the counter-trend corrective cycle is still in progress, but if the trend line on the daily time frame chart is violated, then the up trend might be considered done. The corrective cycle has not been completed yet, because the key level for bulls is located at 1.1608. As long as the market trades above this level the up trend is valid and all of the down waves should be used to open long positions.

    Analysis are provided by InstaForex

  10. #1450
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Technical Analysis of GBP/USD for April 30, 2021

    Technical Market Outlook:

    The GBP/USD pair has been rejected from the supply zone located between the levels of 1.3965 - 1.4000. The local high was made at the level of 1.3975, but then the bearish pressure started to intensify. The momentum is strong and positive, so another wave up above the level of 1.4000 is still on table. The local technical support is located at the level of 1.3923. Any violation of the swing high at the level of 1.4007 will open the road towards the level of 1.4080 as a next target for bulls.

    Weekly Pivot Points:
    WR3 - 1.4166
    WR2 - 1.4086
    WR1 - 1.3971
    Weekly Pivot - 1.3890
    WS1 - 1.3768
    WS2 - 1.3692
    WS3 - 1.3573

    Trading Recommendations:
    The GBP/USD pair keeps developing the up trend and bulls are back inside the main ascending channel. The recent top was made at the level of 1.4224 and this was the higher high 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 1.4374.

    Analysis are provided by InstaForex

  11. #1451
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

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

    EUR/USD
    Last Friday, the euro plummeted 100 points, dropping one point below its opening on April 20th. Our bewilderment regarding the euro's growth in the last ten days has been resolved - it turned out to be speculative. Investors definitely didn't believe Federal Reserve Chairman Jerome Powell's vague explanation of the stability (absence) of inflation.

    The price fell below the 50.0% Fibonacci level on the daily chart. Falling below the 38.2% level (1.1952) opens the way to the lower embedded line of the price channel in the 1.1675 area.

    A downward situation has developed on the four-hour chart: the price is below the balance and MACD indicator lines, the MACD line itself is turning down, while the Marlin oscillator is in the negative trend area. We anticipate the euro's decline. The first target is 1.1952.

    Analysis are provided by InstaForex

  12. #1452
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on May 4, 2021

    EUR/USD
    In a relatively thin market on Monday (it was a holiday in Japan, China and the UK), the dollar did not dare to continue its Friday offensive. PMI indices showed deterioration in both Europe and the United States. The manufacturing PMI of the eurozone for April in the final assessment was lowered from 63.3 to 62.9, the US ISM Manufacturing PMI showed 60.7 points instead of the expected 65.0. Today, industrial orders in the US for March are expected to grow by 1.3%.

    In today's Asian session, the price is making a second attempt to overcome the support of the 50.0% Fibonacci level (1.2025). It could be successful if the quote reaches 1.1952 in the coming days (Fibonacci level 38.2% per daily).

    The balance indicator line stopped yesterday's corrective growth on the four-hour chart. The Marlin oscillator is turning to the downside without leaving the downward trend area. We are waiting for the price to settle under 1.2025 and further downward movement.

    Analysis are provided by InstaForex

  13. #1453
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on May 5, 2021

    EUR/USD
    The euro fell by 50 points on Tuesday, breaching the 50.0% Fibonacci level. Today's task is to settle below this level (1.2025). The price still needs some time to reach the 1.1952 target level, perhaps two days, since the price is still above the MACD line and the Marlin oscillator is in the zone of positive values.

    The price did not form a strong convergence with Marlin on the H4 chart. It is possible for it to settle below the 1.2025 level (the goal for today) before it falls even deeper.

    Analysis are provided by InstaForex

  14. #1454
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for USD/JPY on May 6, 2021

    USD/JPY
    The Japanese yen is in an interesting position: the current price on the daily chart is between the balance and MACD indicator lines, between the target levels of 109.26 and 109.60, it does not go beyond Tuesday's range, while the Marlin oscillator is sideways on the zero line. The price is clearly waiting for "an event" with which it will go on a medium-term track. Probably, such an event will be the release of the US employment report on Friday. And since the data is forecast to be strong, the price might reach the 110.43 target level by tomorrow, by the end of the week.

    The price is supported by the balance indicator line on the H4 chart, Marlin is in the negative zone, but since its peak on April 28 it has already unloaded against the price growth and is now ready to follow it, that is, assuming the role of a trailing instrument. We are waiting for the development of events.

    Analysis are provided by InstaForex

  15. #1455
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on May 7, 2021

    EUR/USD
    The euro did not wait for the US employment report to be released today and, bouncing off the MACD indicator line, rose by 60 points yesterday. We underestimated the impact of this technical instrument, relying on the idea of market consolidation ahead of Friday's report. Nevertheless, the market is still in a position for growth, the bulls realized the remaining potential, but now, after testing the MACD line, the next branch of the price decline can overcome it without delay. The technical task of the price remains the same - to overcome 1.2025, then move to 1.1952. Targets are determined at 50.0% and 38.2% Fibonacci levels on the daily chart. The third target is 1.1856.

    The MACD line at 1.2080 is an obstacle to price growth on the four-hour chart. Today's US employment report is expected to be strong: for new jobs in the nonfarm sector, the consensus forecast is 978,000, the overall unemployment rate is 5.8% against 6.0% in March. We are waiting for the euro to fall.

    Analysis are provided by InstaForex

  16. #1456
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Elliott wave analysis of Ripple for May 10, 2021

    Ripple is on the move higher again after a correction to 1.3210. The rally following this low is clearly a five wave rally indicating that the impulsive rally higher to 1.9670 and above is in motion. Short-term we are looking for a break above minor resistance at 1.6957 and 1.7636 to confirm the rally higher to 1.9670 and ultimately above here to for a continuation towards 3.31 as the next long term target.

    Support is now seen at 1.5100 which ideally will be able to act as a floor for the expected rally higher.

    Trading recommendation:
    Buy Ripple for more upside pressure towards 1.9665 and ultimately higher to 3.31.

    Analysis are provided by InstaForex

  17. #1457
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for USD/JPY on May 11, 2021

    USD/JPY
    The US dollar, despite losses against the European currencies, manages to hold out against the yen. Yesterday it grew by 14 points. There are about 40 points left before the price reaches the most important level of 109.26, and after that the 110.44 level is just ahead of us. The Marlin oscillator is once again trying to attack the border of the growing trend zone.

    The price lingered for a bit on the MACD indicator line on the four-hour chart. Marlin is also not in the growth area, the price is expected to simultaneously exit above the MACD line and Marlin to enter the zone of positive values. We are waiting for growth.

    Analysis are provided by InstaForex

  18. #1458
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: GBPJPY reacting below descending trendline resistance! Drop incoming!

    GBPJPY reacting below descending trendline resistance. A drop below 1st resistance at 153.752 towards 1st support at 153.347 could be possible. Stochastic is testing resistance where price reacted in the past as well.

    Trading Recommendation
    Entry: 153.752
    Reason for Entry:
    78.6% Fibonacci retracement, descending trendline resistance
    Take Profit: 153.347
    Reason for Take Profit:
    -61.8% and 23.6% Fibonacci retracement.
    Stop Loss: 154.024
    Reason for Stop Loss:
    Graphical swing high

    Analysis are provided by InstaForex

  19. #1459
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Technical Analysis of ETH/USD for May 13, 2021

    Crypto Industry News:
    During the first 7 days from the introduction of Ethereum Futures to the market by CME, the value of concluded contracts exceeded USD 23 million. According to a recent OKEx Insights report, "partial data for the week ending April 25 shows weekly volumes hit an all-time high of $ 353 million - over 166% more than the previous week's $ 132.57 million.

    "Moreover, the number of contracts opened in the CME Ether Futures market also increased at a similar pace. The aforementioned report showed in this respect that:

    "During the first month of trading, ETH Futures had an average Open Interest of $ 61.17 million. March data showed a significant spike in activity with average Open Interest peaked at $ 101.67 million.

    In fact, since April 21, OI figures have risen to $ 205.6 million, reflecting the size of institutional measures that hit the Ethereum market in the last few months.

    According to OKEx Insights, one of the main factors behind this was the normalization of mainstream cryptocurrency investing. The authors of the report argue that it was a byproduct of MicroStrategy, MassMutual and Tesla's entry into the cryptocurrency space, and each of these companies' actions legitimized a sector that had long struggled for Wall Street's attention.

    Technical Market Outlook:
    The ETH/USD pair has tested the key short-term technical support located at the level of $3,596 and bounced more than 50% already. The next local target for bulls is the 61% Fibonacci retracement located at the level of $4,074. If this retracement level is clearly violated, then bulls will likely test the ATH again (located at $4,369). The momentum is strong and positive, so it supports the bullish outlook for ETH.

    Weekly Pivot Points:
    WR3 - $4,545
    WR2 - $4,714
    WR1 - $4,394
    Weekly Pivot - $3,656
    WS1 - $3,369
    WS2 - $2,577
    WS3 - $2,290

    Trading Recommendations:
    The longer term up trend on the Ethereum continues despite the local counter-trend corrections. The next long term target for ETH/USD is seen at the level of $5,000. The key long term technical support is seen at the level of $3,881, so only a weekly candle close below this level will invalidate the bullish scenario.

    Analysis are provided by InstaForex

  20. #1460
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Forex Analysis & Reviews: Forecast for EUR/USD on May 14, 2021

    EUR/USD Over the past day, nothing significant has happened to the euro. The price traded with a range of 27 points, closing the day with a symbolic rise. The Marlin oscillator approached the zero line even more on the daily, lowering the chances of a double divergence. The target for the decline is still the same - 1.1986.

    The price settled below the MACD indicator line on the four-hour chart, Marlin conducted its own sideways consolidation. The similarity of the price and the oscillator enhances the technical sign of further downward price movement. Overcoming yesterday's low (1.2051) opens the way to the target at 1.1986.

    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