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  • Forecast for GBP/USD on March 27, 2019

    GBP/USD
    Yesterday, the British pound made another attempt to exit above the signal level 1.3216, but without success. The marlin oscillator readings did not change on both graphs, they are neutral, signal lines develop along the border that separates the growth zone from the decline zone.

    On the four-hour chart, the price is below the balance line and the MACD line. The immediate target - the MACD line of the daily chart (1.3020), remains relevant. Leaving prices for this target level opens the subsequent target at 1.2884 - the support line for the weekly price channel.

    Analysis are provided by InstaForex

    Comment


    • Forecast for EUR/USD on March 28, 2019

      EUR/USD This morning, the euro did not reach the target level of 1.2434, but it could still happen during the day, which does not break the convergence with the marlin oscillator on the four-hour scale. But regardless of this level's development, the price prepared the technical conditions for a small correction, in the range of 1.1275-1.1310. The upper limit of the range is due to the MACD line resistance on the four-hour chart.

      Consolidating prices below 1.1234 opens a new target - 1.1155 (Fibonacci reaction level 110.0%

      Analysis are provided by InstaForex

      Comment


      • Forecast for GBP/USD on March 29, 2019

        GBP/USD
        Yesterday, the British pound fell 114 points. The target of 1.3035 was achieved - support for the MACD line of the daily scale. The price went below the red indicator line of balance, which means a shift in the overall trend downwards, the signal line of the marlin oscillator has penetrated deep into the decline territory.

        On the four-hour chart, the price consolidated below the indicator lines of the balance and MACD, the marlin oscillator indicates the prospect of a further decline in price.

        So, after the price goes below yesterday's low, which automatically means that the price goes under the support of the MACD line on a daily scale, a target of 1.2884 opens - supporting the embedded line of the price channel of the higher timeframe. With the overcoming of this support, it is possible for the price to further decline to the February 14 low - 1.2772.

        Analysis are provided by InstaForex

        Comment


        • EUR/CAD approaching resistance, potential drop!

          EURCAD is approaching our first resistance at 1.5033 (horizontal overlap resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur to our major resistance at support at 1.4925 (horizontal swing low support). RSI (34) is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

          Analysis are provided by InstaForex

          Comment


          • NZD/USD approaching support, potential bounce!

            NZDUSD is approaching our first support at 0.67556 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

            Analysis are provided by InstaForex

            Comment


            • NZD/USD approaching support, potential bounce!

              NZDUSD is approaching our first support at 0.6744 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

              Analysis are provided by InstaForex

              Comment


              • Nikkei approaching resistance, potential drop!

                Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

                Analysis are provided by InstaForex

                Comment


                • AUD/USD approaching resistance, potential drop!

                  AUDUSD is approaching our first resistance at 0.7145 (horizontal swing high resistance, 78.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 0.7111 (38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

                  Analysis are provided by InstaForex

                  Comment


                  • EUR/USD approaching resistance, potential bounce!

                    EURUSD is approaching our first support at 1.11744 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where a strong bounce to our first resistance at 1.13369 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) might occur. Stochastic is also approaching support where we might see a bounce above this level.

                    Analysis are provided by InstaForex

                    Comment


                    • GBP/USD approaching resistance, potential drop!

                      GBPUSD is approaching our resistance at 1.3118 (horizontal overlap resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3039 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

                      Analysis are provided by InstaForex

                      Comment


                      • XAU/USD approaching resistance, potential drop!

                        XAUUSD is approaching our first resistance at 1307.84 (61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1297.82 (38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

                        Analysis are provided by InstaForex

                        Comment


                        • Technical analysis: Intraday Levels For EUR/USD, Apr 12, 2019

                          When the European market opens, some economic data will be released such as Industrial Production m/m. The US will also publish the economic data such as Treasury Currency Report, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Import Prices m/m, and Import Prices m/m, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day.

                          TODAY'S TECHNICAL LEVELS:
                          Breakout BUY Level: 1.1315.
                          Strong Resistance: 1.1309.
                          Original Resistance: 1.1298.
                          Inner Sell Area: 1.1287.
                          Target Inner Area: 1.1261.
                          Inner Buy Area: 1.1235.
                          Original Support: 1.1224.
                          Strong Support: 1.1213.
                          Breakout SELL Level: 1.1207.

                          Analysis are provided by InstaForex

                          Comment


                          • USD/CAD approaching support, potential bounce!

                            USDCAD is approaching our first support at 1.3295 (horizontal swing low support, short term ascending line) where a strong bounce might occur above this level pushing price up to our first resistance level at 1.3407 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price.

                            Analysis are provided by InstaForex

                            Comment


                            • XAG/USD approaching support, potential bounce!

                              XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% retracement , short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

                              Analysis are provided by InstaForex

                              Comment


                              • GBP/USD approaching support, potential bounce!

                                GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement ).

                                Stochastic is also approaching support where we might see a corresponding bounce in price.

                                Trading CFDs on margin carries high risk.

                                Losses can exceed the initial investment so please ensure you fully understand the risks.

                                Analysis are provided by InstaForex

                                Comment

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