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Author Topic: InstaForex Analysis
IFX-
Gertrude
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Posts: 1790
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IFX Gertrude
Post Re: InstaForex Analysis
on: August 17, 2017, 05:43
Quote

AUD/JPY testing major resistance, remain bearish

The price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86.32 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where we expect to see a corresponding reaction in price from.

Correlation analysis: We're seeing JPY strength with drops on AUD/JPY,

EUR/JPY, and USD/JPY. Sell below 87.39. Stop loss is at 88.08. Take profit is at 86.32.

Analysis are provided by InstaForex

IFX-
Gertrude
Pro
Posts: 1790
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IFX Gertrude
Post Re: InstaForex Analysis
on: August 18, 2017, 05:53
Quote

Technical analysis of EUR/USD for Aug 18, 2017

When the European market opens, some Economic Data will be released, such as Current Account and German PPI m/m. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1771.
Strong Resistance:1.1764.
Original Resistance: 1.1753.
Inner Sell Area: 1.1742.
Target Inner Area: 1.1714.
Inner Buy Area: 1.1686.
Original Support: 1.1675.
Strong Support: 1.1664.
Breakout SELL Level: 1.1657.

Analysis are provided by InstaForex

IFX-
Gertrude
Pro
Posts: 1790
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IFX Gertrude
Post Re: InstaForex Analysis
on: August 22, 2017, 05:11
Quote

The market is waiting for news

The absence of important fundamental statistics from both the US and the euro zone is forcing investors to take on a wait-and-see attitude. This is forming the side channels of the markets, especially in pairs with the euro and the British pound in it.

This week, all attention of traders will be directed towards the two-day symposium of the Fed which will begin on August 24. It is expected that the main figure will be the president of the European Central Bank, Mario Draghi. It is believed that Draghi will shed light on the further actions of the bank in relation to its bond purchasing program.

It should be noted that it was at the same conference in 2014 that Mario Draghi justified the need to start the quantitative easing program in the euro area. He also announced the measures to be taken in order to increase inflation.

It is therefore possible that Draghi, speaking at the Fed symposium in Jackson Hole, will also announce the reduction of the mentioned program above.

If the ECB president does not touch upon this topic during his speech, the attention of investors will switch to the meeting in September. Here, it is expected that the European Central Bank may announce the reduction of the quantitative easing program. As several leading world economists suggest, this can be done in two stages. In September, the ECB will announce the official reduction of the program. In October, concrete steps to carry this out will be announced.

As for the fundamental data, here are the happenings. At the end of last week, it became known that the surplus of the euro zone's current account for the balance of payments for the month of June fell.

This is bad news for the European Central Bank. Thus, the current account surplus of the euro area's balance of payments totaled to 21.2 billion euros following the data of 30.5 billion euros last May. The positive balance of trade in goods rose to 27.4 billion euros while the positive balance of trade in services fell to 2.2 billion euros.

There was a temporary support for the US dollar at the end of last week caused by the data on the indicator of consumer sentiment in the US. The data showed an increase for the first half of August. According to the data provided, the preliminary index of consumer sentiment in August 2017 rose to 97.6 points against 93.4 points in July. Economists predicted that the preliminary index in August will be 94.5 points.

The Canadian dollar rose sharply against the US dollar, continuing its trend that was formed in the middle of the week.

Demand remained after the publication of good inflation data which grew for the month of July this year in Canada.

According to the report, Canada's consumer price index in July 2017 increased by 1.2% compared to the same period last year. Core inflation in July rose to 1.5% against 1.4% in June.

Analysis are provided by InstaForex

andengiren-
g
Newbie
Posts: 24
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Post Re: InstaForex Analysis
on: August 22, 2017, 06:11
Quote

Image

USDJPY August 22, 2017 back up approaching the resistance area. So today the bias is still bearish. For trading strategies based on today's forex analysis, you can find a confirmation of sell signal inside the reference area at 109.600, with potential targets up to 108.596. Conversely be careful if the resistance 109.687 breaks with valid because it will turn the intraday bias to bullish and potentially will raise USDJPY up to the range 110,360.

IFX-
Gertrude
Pro
Posts: 1790
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IFX Gertrude
Post Re: InstaForex Analysis
on: August 23, 2017, 05:24
Quote

Brent says goodbye to summer

Futures prices for the North Sea Fort continue to consolidate in the range of $50-54 per barrel amid uncertainty about further dynamics of global oil reserves. On one hand, the information from PetroLogistics about the reduction of OPEC production volume by 419,000 bpd in August and the decrease in the cartel's exports by 750,000 bpd, as well as the continuing peak of US stocks give grounds to assert that the ball in the market. The "bulls" rule, on the other hand, shows that investors greatly think about the question: what will happen when the summer is over?

From the level of the March highs, black gold reserves in the USA decreased by 13%, to 466 million barrels. Nevertheless, US production has risen to a level of 9.5 million b/d, the highest since July 2015. But there is a decrease in rigs by 5 per week indicated by signals on August 18, showing a gradual slowdown in the growth rate of the indicator in the future. These processes are seasonal in nature and are associated with the dynamic activity of car enthusiasts, which increases the demand for gasoline. The question is that when the car season is over, will this become the basis for the growth of stocks? If so, the gains of the bulls on Brent and WTI may be in the past.

The dynamics of US oil reserves and quotations WTI

Source: Bloomberg.
OPEC has the same scenario as mentioned above, although, with regard to the cartel, it is necessary to talk about other time horizons. The agreement to cut production by 1.8 million bpd will end in March 2018, and now it is untimely to talk about its prolongation in November, which is accomplished by Kuwait's oil minister Essam al-Marzouq . Perhaps, he is trying to create a new growth driver for black gold, but it is expected to be done after the due date. Meanwhile, investors' attention is focused on the dynamics of US stocks and production. According to the forecasts of Bloomberg experts, the first indicator will continue to decline by -3.5 million barrels. However, as noted above, the efficiency of the seasonal factor captured the minds of participants in market battles.

Uncertainty and speculation in conditions when some players are on vacation, which allows us to talk about the thin market and lead to sharp movements of prices in different directions. So, the data from the CFTC stating that speculators cut the net-long by WTI for the second week in a row (-5 688, or 2% of the net long position in 274,441 contracts) became the reason for sharp oil sales.

In favor of consolidation development, the stabilization of the US dollar price also speaks. It crosses below the turning point of strong macroeconomic statistics and political risks. So far, further movement seems directionless.

Technically, the breakthrough of the upper border of the inner bar near the $53 mark per barrel will increase the risks of continuing the northern Brent march in the upstream trading channel. On the contrary, the return of prices to the lower border of the domestic bar at $51.3, with the successful consecutive tests on the diagonal support, is expected for a development of correction in the direction of at least $50 per barrel. Brent Daily Chart

Analysis are provided by InstaForex

IFX-
Gertrude
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Posts: 1790
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IFX Gertrude
Post Re: InstaForex Analysis
on: August 24, 2017, 04:50
Quote

NZD/USD profit target reached perfectly, prepare to buy for a corrective bounce

The price has dropped absolutely perfectly and has reached our profit target. We prepare to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 3.3% where we expect a further bounce from.

Buy above 0.7202. Stop loss is at 0.7153. Take profit is at 0.7331.

Analysis are provided by InstaForex

IFX-
Gertrude
Pro
Posts: 1790
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IFX Gertrude
Post Re: InstaForex Analysis
on: August 25, 2017, 06:19
Quote

EUR/JPY remain bearish for a further drop

The price continues to rise and we're now seeing major resistance at 129.40 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) where we expect a strong reaction from to fuel the drop to at least 127.56 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is once against testing our 93% resistance level where we expect a drop from.

Sell below 129.40. Stop loss is at 129.86. Take profit is at 127.56.

Analysis are provided by InstaForex

andengiren-
g
Newbie
Posts: 24
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Post Re: InstaForex Analysis
on: August 25, 2017, 06:34
Quote

Image

USDCHF today August 25, 2017 is still testing the resistance area. Based on technical analysis today, as a trading strategy you can wait for confirmation of sell signal inside the reference area which is in the range 0.96442, with potential target up to the range 0.95869.

andengiren-
g
Newbie
Posts: 24
Permalink
Post Re: InstaForex Analysis
on: August 25, 2017, 06:53
Quote

Image

AUDUSD August 25, 2017 is still moving in the reference area. For trading strategy based on technical analysis today you can look for buy signal confirmation inside the reference area at 0.78844. The target potential is up to the range 0.79069

IFX-
Gertrude
Pro
Posts: 1790
Permalink
IFX Gertrude
Post Re: InstaForex Analysis
on: August 29, 2017, 05:47
Quote

Technical analysis of USD/JPY for Aug 29, 2017

In Asia, Japan will release the BOJ Core CPI y/y, Unemployment Rate, Household Spending y/y data, and the US will release some Economic Data, such as CB Consumer Confidence and S&P/CS Composite-20 HPI y/y. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 109.34.
Resistance. 2: 109.13.
Resistance. 1: 108.91.
Support. 1: 108.66.
Support. 2: 108.44.
Support. 3: 108.23.

Analysis are provided by InstaForex

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