forex software

Create and Test Forex Strategies

forex software

Skip to forum content

Forex Forum

Forex Software, Forex Strategies, Expert Advisors Generator

You are not logged in. Please login or register.


(Page 38 of 38)

Forex Forum → Market Analysis → InstaForex Analysis

Pages Previous 1 36 37 38

You must login or register to post a reply

RSS topic feed

Posts: 926 to 930 of 930

Re: InstaForex Analysis

Forex Analysis & Reviews: Elliott wave analysis of gold for October 14, 2021

https://forex-images.ifxdb.com/userfiles/20211014/analytics6167b6ad1fdb3_source!.jpg

Gold is ready to challenge minor resistance at 1,834 again. It is likely to break higher towards key resistance at 1,917. A break above here will finally confirm that the triangle consolidation we have witnessed in the last 13 months has been completed and the next impulsive rally towards 2,344 is in motion.

In the short term, we see support at 1,750 that ideally will be able to act as a floor for the rally to and above minor resistance at 1,834.

Analysis are provided byInstaForex.

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com

Re: InstaForex Analysis

Forex Analysis & Reviews: Forecast for EUR/USD on October 15, 2021

EUR/USD
Yesterday, the euro closed the day with a symbolic growth of 1 point, the peak growth was 30 points, so yesterday can be considered corrective. US retail sales data for September are due tonight, forecast at -0.3%. In the euro area, an increase in the trade balance for August is expected from 13.4 billion euros to 15.3 billion. The euro will likely rise. The growth target is the MACD line in the 1.1668 area.

https://forex-images.ifxdb.com/userfiles/20211015/analytics6168ecb972452_source!.jpg

On the four-hour scale, the Marlin Oscillator was discharged from the overbought zone yesterday, now it is ready to continue rising. The correction developed above the balance indicator line, which means that investors are still interested in buying.

https://forex-images.ifxdb.com/userfiles/20211015/analytics6168ecc59b53e_source!.jpg

Analysis are provided byInstaForex.

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com

Re: InstaForex Analysis

Forex Analysis & Reviews: Technical Analysis of EUR/USD for October

Technical Market Outlook:
The EUR/USD pair had been rejected from the technical resistance seen at level of 1.1613, which is very close to the upper channel line. The series of some Pin Bars around this level is indicating as possible down move continuation towards the level of 1.1562 (intraday technical support), 1.1539 (technical support) or 1.1514 (the key short-term technical support).

On the other hand, the level of 1.1497 remains the key long-term technical support for bulls and any violation of this level will be seen as very negative for bulls. Please notice the market keeps trading inside of the descending channel, so the bears are still in control of the market.

Weekly Pivot Points:
WR3 - 1.1742
WR2 - 1.1684
WR1 - 1.1640
Weekly Pivot - 1.1582
WS1 - 1.1545
WS2 - 1.1479
WS3 - 1.1445

Trading Outlook:
The market is in control by bears that pushed the prices towards the level of 1.1562, which is the lowest level since November 2020. The next target for bears is seen at the level of 1.1497. The up trend can be continued towards the next long-term target located at the level of 1.2350 (high from 06.01.2021) only if bullish cycle scenario is confirmed by breakout above the level of 1.1909 and 1.2000.

https://forex-images.ifxdb.com/userfiles/20211018/analytics616d1bd59c570_source!.jpg

Analysis are provided byInstaForex.

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com

Re: InstaForex Analysis

Forex Analysis & Reviews: Elliott wave analysis of Copper for October 19, 2021

https://forex-images.ifxdb.com/userfiles/20211019/analytics616e5a0a4b043_source!.jpg

After a temporary correction in wave 4/ copper is on its way towards a new all-time high and a move closer to the next target at 5.07 and 5.76. If Copper takes a moon-shot, we could see Copper aim for 6.88 where wave 5/ will be equal in length to the distance traveled from the start of wave 1/ through to the peak of wave 3/ added to the low of wave 4.

Support is now seen at 4.44 with key support seen at 4.01.


Analysis are provided byInstaForex.

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com

Re: InstaForex Analysis

Forex Analysis & Reviews: Elliott wave analysis of EUR/JPY for October 20, 2021

https://forex-images.ifxdb.com/userfiles/20211020/analytics616f9547c87b9_source!.jpg

EUR/JPY has extended its sub-wave iii/ closer to the wave iii peak at 134.12. However, a correction in sub-wave iv/ should be expected soon towards support near 132.12 before the final impulsive rally towards the long-term target for wave 5/ and 3.

As JPY-crosses often form triangle consolidation in their fourth waves, we will be looking for a triangle consolidation in sub-wave iv/ .

Analysis are provided byInstaForex.

Best regards, PR Manager / Learn more about InstaForex Company at http://instaforex.com

Posts: 926 to 930 of 930

Pages Previous 1 36 37 38

You must login or register to post a reply

Forex Forum → Market Analysis → InstaForex Analysis

Similar topics in this forum