forex software

Create and Test Forex Strategies

forex software

Skip to forum content

Forex Software

Create and Test Forex Strategies

You are not logged in. Please login or register.


(Page 35 of 62)

Forex Software → Market Analysis → InstaForex Analysis

Pages Previous 1 33 34 35 36 37 62 Next

You must login or register to post a reply

RSS topic feed

Posts: 851 to 875 of 1,547

Re: InstaForex Analysis

Forex Analysis & Reviews: Trading plan for EURUSD for June 30, 2021

https://forex-images.ifxdb.com/userfiles/20210630/analytics60dc41c89f32c_source!.jpg

Technical outlook:
EURUSD is still testing its support trend line since March 2020 lows around 1.1885/90 today. It needs to break into the sell zone to accelerate further lower towards 1.1700 going forward. A bullish bounce here might produce a pullback rally towards 1.2030 levels before reversing lower again. Overall structure continues to remain bearish until prices stay below 1.2266 levels.

EURUSD is trading near the intraday low around 1.1885/88 at this point in writing and is expected to break lower towards 1.1730/40 soon. Immediate support is seen through 1.1700 while resistance is fixed at 1.2266 levels respectively. In case of a gartley being produced here, the counter trend rally could reach 1.2000 handle, which is fibonacci 0.618 retracement of the recent down swing.

EURUSD potential remains to drop towards 1.1300 at least in the next few weeks time. It could further extend lower through 1.0636 mark and attempt a break below its March 2020 lows.

Trade plan:
Remain short for now, stop @ 1.2266, target is @ 1.1300.

Good luck!

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 July 2, 2021

EUR/USD
Yesterday, as expected, the euro spent the whole day at the target level of 1.1855 in anticipation of today's data on US employment. The data is expected to be good: the forecast for Non-Farm Employment Change (new jobs in the non-agricultural sector) for June is 700,000, the unemployment rate may drop to 5.7% from the latest data of 5.8%. Also, the volume of industrial orders for May is forecast to grow by 1.6%. We are waiting for the price to fall even further and reach the target level of 1.1705.

https://forex-images.ifxdb.com/userfiles/20210702/analytics60de79d49cabc_source!.jpg

The signal line of the Marlin oscillator on the H4 chart was flat yesterday. The short-term exit above the MACD line once again showed the falsity of such an intention and strengthened the downward trend. We are waiting for the development of events.

https://forex-images.ifxdb.com/userfiles/20210702/analytics60de79d49cabc_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: Forecast for AUD/USD on July 5, 2021

AUD/USD
The Australian dollar appears to have overreacted to the weakness in the US dollar on the day the US employment data was released. AUD/USD gained 57 points. The embedded price channel line at 0.7540 is close to a retest.

https://forex-images.ifxdb.com/userfiles/20210705/analytics60e26ff8b80f7_source!.jpg

The general trend for the pair, of course, remains downward, but settling above 0.7540 can still fuel the correction. Under favorable circumstances, it is possible for the aussie to rise to the June 25 high at 0.7618.

But external circumstances are not yet favorable. Last Friday, different brands of oil closed mixed, iron ore fell 0.6%, and this morning, Pacific stock indexes show mixed dynamics. In such a situation, we should wait until Tuesday, when US investors return to work, and track their further intentions.

https://forex-images.ifxdb.com/userfiles/20210705/analytics60e270047f877_source!.jpg

The price settled above the MACD indicator line on the four-hour chart, the Marlin oscillator, after its own consolidation, went up into the zone of positive values. Today, the aussie might move sideways.

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 July 6, 2021

EUR/USD
The euro showed a symbolic decline by 2 points on Monday, as US players were absent on the market. Technically, this highlighted the weakness of convergence on the daily chart, which could easily be transformed into any other formation.

https://forex-images.ifxdb.com/userfiles/20210706/analytics60e3c764383fb_source!.jpg

On the other hand, the price has also formally settled above the target level of 1.1855, and if the price rises steadily today, the convergence may change its appearance into a more readable one. If the gain is not strong, then the Marlin oscillator may form a sideways range, as shown by the gray area on the chart.

https://forex-images.ifxdb.com/userfiles/20210706/analytics60e3c7718690b_source!.jpg

Marlin is already on the horizon, and on the zero line on the four-hour chart. The price settled above the MACD line, but below the balance line (red indicator).

In general, the probability of price growth is 55%. With the price moving below the MACD line at H4 (1.1845), the probability of a further decline to the target level 1.1705 will increase to 65%. One can speak of a confident decline from the euro only after the price has surpassed the July 2 low of 1.1806.

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 June 7, 2021

https://forex-images.ifxdb.com/userfiles/20210707/analytics60e52daa5fbaa_source!.jpg

EUR/JPY has seen a deep correction in red wave ii, but should stay above the low of red wave i at 130.04 for the next rally higher towards the long-term target at 135.41 where wave 3/ will be 161.8% the length of wave 1/.

Short-term we would like to see a break above minor resistance at 131.66 as a confirmation that red wave ii has completed and red wave iii higher towards 135.41 is in motion.

Under this count support at 130.04 can't be broken or a revision of our bullish count will be needed.

Trading recommendation:
Buy EUR and place you stop at 130.00 for a rally towards 135.41

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 July 8, 2021

EUR/USD
Yesterday, the euro was declining during the day, in anticipation of the publication of the FOMC minutes and at the time it took place, the single currency practically already took into account the expected tonality in the price. There were no surprises, the Federal Reserve expects further improvement in the labor market and does not show any worries about inflation.

As a result, the convergence of the price with the Marlin oscillator on the daily chart continues to form (in the event of a stronger fall in the price, Marlin would go down more clearly). Nevertheless, the main scenario remains the development of the 1.1705 target level, and the slowness of the oscillator indicates the potential for a larger decline in the euro - to the second target level of 1.1640.

On a four-hour scale, the price reversed to the downside from the MACD indicator line. Here, too, there is still an opportunity to further the formation of convergence. But similar to the situation on the daily chart, the slowness of the oscillator towards a reversal preserves the potential for a deeper decline into the oversold zone.

Analysis are provided by InstaForex

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

Re: InstaForex Analysis

Forex Analysis & Reviews: Trading plan for EURUSD for July 09, 2021

https://forex-images.ifxdb.com/userfiles/20210709/analytics60e7dd17eec75_source!.jpg

Technical outlook:
EURUSD still remains vulnerable for a drop to the 1.1700/20 levels before pulling back for a meaningful counter trend rally. Until prices break above 1.1975 interim high, bears remain in a position to drag lower towards 1.1700 in the short term. As discussed yesterday, long term traders might hold short positions while short term traders might want to take profits around 1.1700.

EURUSD is seen to be trading around the 1.1832 level at this point in writing and is expected to turn lower towards yet another low below 1.1750 mark. Immediate resistance is seen around 1.1975 while support comes in around the 1.1700 level respectively. Also note that prices are breaking below its 15 month old trend line support, which is quite bearish.

EURUSD medium term potential remains to the 1.1300 and 1.0636 level respectively. The fibonacci 0.618 retracement of past rally between 1.0636 and 1.2350 is also seen to be passing through 1.1300 levels hence probabilities for a bullish bounce remains high. At the moment, we shall watch out for a temporary pullback rally around the 1.1700 mark.

Trading plan:
Remain short, stop @ 1.2350, target @ 1.1300 and lower.

Good luck!

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 USD/JPY on July 12, 2021

USD/JPY
Last Friday, the USD/JPY pair correctively rose after it reached the target level. This rise was preceded by a five-day decline. On the daily chart, the Marlin oscillator has slowed down and is ready to resume falling in case the price weakens.

https://forex-images.ifxdb.com/userfiles/20210712/analytics60eba8f26004c_source!.jpg

The dollar, of course, still has room for growth. The main resistance on the daily chart is the embedded price channel line and the MACD indicator line (110.70). A reversal into a new wave of decline may occur before these lines are reached.

https://forex-images.ifxdb.com/userfiles/20210712/analytics60eba901cb7c6_source!.jpg

On the four-hour scale chart, the first resistance and the target of the correction is the nearest local extremum at 110.40. Above it is the MACD line, and in approximately the same area where it is located on the daily scale - 110.70. This circumstance also indicates the correction limit. Rising above the level, and settling above it, breaks the main scenario of a medium-term decline.

Moving below the target level of 109.80 (high on May 13) will trigger a move towards the target level of 109.20 (low on June 8).

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 USD/JPY on July 13, 2021

USD/JPY
The yen remains the most difficult currency in the last month, its fluctuations occur with a periodic change of drivers - it is the stock market, then the fluctuations of the US dollar. As a result, the yen has been trading in a wide range of 109.55-111.65 for a month and a half. Yesterday, the S&P 500 gained 0.35%, the dollar index rose 0.14%, which has already consistently pulled the USD/JPY pair up 23 points.

https://forex-images.ifxdb.com/userfiles/20210713/analytics60ecfe587e99d_source!.jpg

Now the price faces the task of rising above the daily MACD line at 110.74, then the way to the target level 111.39 will open. This mark (110.74) also coincides with the central line of the growing lilac price channel, so the subsequent growth may be above the first target level.

https://forex-images.ifxdb.com/userfiles/20210713/analytics60ecfe65ec9bc_source!.jpg

The price is struggling with the local target level of 110.40 on the H4 chart. Surpassing it will indicate an attack on the MACD line at 110.64. Consolidating above this indicator line will be a preparation for an attack on the daily MACD line (110.74). To restore the downward movement, the price needs to go below the level of 109.80, which is more difficult to do at the moment.

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 AUD/USD on July 14, 2021

AUD/USD
The Australian dollar dropped 32 points yesterday, which nevertheless showed an inclination towards a downward scenario.

https://forex-images.ifxdb.com/userfiles/20210714/analytics60ee4f58a5f8b_source!.jpg

The Marlin oscillator is still inside its own wedge, but the intention to get out of it (to the downside) is indicated by yesterday's movement. The first target at 0.7410 is the July 9th low, then the embedded price channel line at 0.7370.

https://forex-images.ifxdb.com/userfiles/20210714/analytics60ee4f63c72cb_source!.jpg

The price settled below both balance and MACD indicator lines, while the Marlin oscillator consolidated in the downward trend area on the four-hour chart. We are waiting for development according to the main scenario. Consolidating above the MACD line, above 0.7470, may once again encourage the price to test the price channel line in the 0.7517 area. Consolidating above it will cancel the main descending scenario.

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 the S&P 500 for July 15, 2021

https://forex-images.ifxdb.com/userfiles/20210715/analytics60efcb0c6aed7_source!.jpg

The S&P 500 index is now within striking distance of our long-term target at 4,444. At the same time we are seeing a clear loss of upside momentum indicating that continued upside progress will prove difficult. Short-term it will take a break below support at 4,139 to indicate that a top is in place and a larger corrective decline is in motion. A break below support at 4,035 will confirm that a five wave rally from the March 2020 low at 2,182 has completed and at least this rally now needs to be corrected. We do think that the ongoing wave 5 completes an even larger five wave rally back from March 2009 indicating an even larger corrective decline.

However, for now and as long as minor support at 4,139 is able to protect the downside we should look for a final pop to 4,444 to complete the ongoing impulsive rally from 2,182.

Trading recommendation:

Consider selling the S&P 500 index near 4,444 or upon a break below 4,139. If you are long the S&P 500 index tighten you stop to 4,139

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 July 16, 2021

EUR/USD
The euro fell by 23 points on Thursday, having not decided to retest the target level of 1.1855. The growth of the signal line of the Marlin oscillator inside its own channel has stopped, now it is possible to reduce it and exit the channel downwards. The first target of the euro is 1.1705 - the low on March 31.

https://forex-images.ifxdb.com/userfiles/20210716/analytics60f0f286059e0_source!.jpg

The price has settled under the balance and MACD indicator lines on the four-hour chart, the Marlin is declining in the negative zone – in the declining trend area. We are waiting for the price to fall further towards the specified goal.

https://forex-images.ifxdb.com/userfiles/20210716/analytics60f0f29352f47_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: Forecast for EUR/USD on July 19, 2021

EUR/USD
Friday's report on retail sales in the United States for June exceeded expectations: the total volume showed an increase of 0.6% against the forecast of -0.4%, the core index added 1.3% (forecast 0.4%). The dollar index strengthened by 0.14%, but the euro fell by only 7 points. But the mood kept falling, technical indicators support it.

https://forex-images.ifxdb.com/userfiles/20210719/analytics60f4e67fc6373_source!.jpg

On the daily chart, the signal line of the Marlin oscillator is slowly moving to the lower border of its own local rising channel. Exit from it to the downside will accelerate the euro's decline. The first target at 1.1705 is the March low.

https://forex-images.ifxdb.com/userfiles/20210719/analytics60f4e68ad7e69_source!.jpg

The price and oscillator have formed triangles on the 4-hour chart. The synchronous output of the price and the oscillator from the triangles down can also set momentum for a downward movement. The signal level is Friday's low at 1.1792.

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 AUD/USD on July 20, 2021

AUD/USD
The Australian dollar hit its first bearish target at 0.7344 yesterday. Further supports and targets are close: 0.7295, 0.7244 (high on October 9, 2020), but such a move is also indirectly due to the potential convergence of the price with the Marlin oscillator on the daily timescale (dashed line), which slows down movement and increases intraday volatility.

https://forex-images.ifxdb.com/userfiles/20210720/analytics60f63e8b1dfe5_source!.jpg

The price is holding on to the reached level on a four-hour scale, the Marlin Oscillator is turning up, and today a slight correction is likely after the previous three-day decline.

https://forex-images.ifxdb.com/userfiles/20210720/analytics60f63e959a58c_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: Forecast for AUD/USD on July 21, 2021

AUD/USD
The Australian dollar is slowly declining amid technical constraints - the price fluctuates between the adjacent price channel lines and below the target level of 0.7344, which is also located between these lines.

https://forex-images.ifxdb.com/userfiles/20210721/analytics60f78c505f80c_source!.jpg

Overcoming yesterday's low at 0.7301 opens the nearest target at 0.7244. A price reversal from this level to the upside is possible under the influence of the emerging convergence with the Marlin oscillator. Potential correction may continue up to the MACD line. At 0.7500, it intersects with the embedded price channel line.

https://forex-images.ifxdb.com/userfiles/20210721/analytics60f78c5c43d08_source!.jpg

The price shows an intention to break through support at 0.7301 on the four-hour chart. The impetus for this was set by weak retail sales in Australia in May, which showed a decrease of -1.8%. The Marlin oscillator is turning down in the downward trend area. We are waiting for the aussie to move towards the specified goal.

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 July 22, 2021

EUR/USD
Yesterday, the euro grew slightly not so much because of profit-taking (some players left the markets before today's European Central Bank meeting), but because of the emergence of risk appetite: S&P 500 0.82%, Euro Stoxx 50 1.78%, 5-year yield US government bonds increased from 0.685% to 0.738%. And if even on Monday-Tuesday the market was dominated by the opinion about introducing specifics into the monetary policy of the ECB, then yesterday the major market participants were no longer so specific in such forecasts and expectations.

https://forex-images.ifxdb.com/userfiles/20210722/analytics60f8da24e395d_source!.jpg

On the daily chart, the Marlin Oscillator continues to rise slowly in a narrow upward channel. The signal line has come very close to the zero line and, under favorable circumstances, is ready to turn down from it. In this case, the target is the level 1.1705 (March 31st low).

In order for the growth to develop, the price needs to overcome the first resistance at 1.1850. The path to this level is not very close, so the likelihood of wide range trading today and tomorrow is very likely. If the resistance holds, the price will go to the support at 1.1705. If the resistance does not resist, then the growth will continue to the second target at 1.1925.

https://forex-images.ifxdb.com/userfiles/20210722/analytics60f8da32e541f_source!.jpg

Marlin entered positive territory on the four-hour chart. This is a sign of a probable price surge to the MACD line 1.1815 before the price falls in the main scenario.

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 July 23, 2021

EUR/USD
The European Central Bank's meeting from yesterday partially justified the expectations of investors - it was announced that the super-soft policy could last a little longer than planned due to the weak recovery and the new threat of the coronavirus. Our forecast came true in that on Thursday we expected increased volatility of the single currency - the trading range was 74 points.

https://forex-images.ifxdb.com/userfiles/20210723/analytics60fa35770fd63_source!.jpg

We expect increased volatility today as well, as the signal line of the Marlin oscillator on the daily chart has almost come close to the zero line and the market itself is tempted to go up from the technical framework. But the statistical likelihood of decisive growth is less, the main technical indicators are still bearish-dominant. The first target for the main scenario is 1.1705, the second target is 1.1640. If the price still manages to overcome the target level 1.1850 (Marlin will already be in the growth zone), then the growth may continue to the MACD line in the area of the target level 1.1925.

https://forex-images.ifxdb.com/userfiles/20210723/analytics60fa3584ae72d_source!.jpg

The price made a false exit above the MACD line on the four-hour chart, this is a sign of a subsequent downward movement. The Marlin Oscillator is on the edge of growth territory. We are waiting for the price to drop to the first target at 1.1705.

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 July 26, 2021

Technical Market Outlook:
The EUR/USD pair volatility is subdued, which is typical for a Falling Wedge pattern in progress. The strong technical support had been established at the level of 1.1761 and the bears had failed to break through it many times. In a case of a breakout ot the upside, the next target is seen at the level of 1.1820 (the key short-term resistance) and 1.1850. The corrective cycle can be terminated if the level of 1.1883 is clearly broken. The rising momentum supports the short-term bullish outlook.

Weekly Pivot Points:
WR3 - 1.1888
WR2 - 1.1859
WR1 - 1.1808
Weekly Pivot - 1.1781
WS1 - 1.1732
WS2 - 1.1699
WS3 - 1.1653

Trading Recommendations:
The down trend continues with a new swing low being made around the level of 1.1761. The key long term technical support is seen at 1.1704 and the Falling Wedge pattern is being made around this level. When this cycle is terminated, the up trend can be continued towards the next long-term target located at the level of 1.2350 (high from 06.01.2021).

https://forex-images.ifxdb.com/userfiles/20210726/analytics60fe6a4865be7_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: Forecast for EUR/USD on July 27, 2021

EUR/USD
Yesterday, the euro rose by 33 points, while the Marlin oscillator entered the growth zone on the daily chart. Now the price can boldly attack the nearest target level of 1.1850. Consolidating above it will mean that the price is ready to attack the MACD line, moreover, at the point of its intersection with the target level of 1.1925. Consolidating above the level opens the prospect of growth at 1.2050 - to the low on May 13. It could possibly decline after the price breaks through the July 21 low at1.1752. In this case, the Marlin Oscillator will be able to exit the rising channel and move down.

The price has settled above the MACD line on the four-hour chart. Consolidating below it, below the level of 1.1800, introduces the price into the uncertainty zone up to the level of 1.1752. This uncertainty can be set by the expectations of market participants regarding the results of tomorrow's Federal Reserve meeting. With the price breaking through yesterday's peak at 1.1817, it could continue to rise to 1.1850.

Analysis are provided by InstaForex

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

Re: InstaForex Analysis

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

EUR/USD Before today's Federal Reserve meeting, the euro strengthened the reversal trend. Yesterday, another such sign of a reversal was a wide-range day of 71 points with a final rising close. The Marlin oscillator continues to grow in positive territory within its own channel. The price's exit above the target level of 1.1850 will confirm the reversal and send the price to the target level of 1.1925, which is approaching the MACD indicator line.

It is very likely that investors strongly doubt the tightening of the Fed's rhetoric even after good economic data. The main reason for such doubts is the deterioration of the epidemiological situation in the United States. Also on the agenda is a new problem for the United States – the completion of the legally approved deadline for increasing the national debt. Last week, the Minister of Finance, Janet Yellen, has already submitted a letter to Congress asking for an early resolution of this issue due to increased economic uncertainty (due to the pandemic) and a high proportion of retiring public sector workers. As usual, raising the national debt limit is a favorite object for trading between the chambers of Congress and this is not good for the dollar.

On the four-hour scale chart, the price settled above the balance and MACD lines after a false short-term departure under them. The signal line of the Marlin oscillator in this struggle turned exactly from the zero line up. We are waiting for the development of the upward movement.

Analysis are provided by InstaForex

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

Re: InstaForex Analysis

Forex Analysis & Reviews: Forecast for EUR/USD on July 29, 2021

EUR/USD
As a result of yesterday's Federal Reserve meeting, the euro grew by 26 points, having reached the target level of 1.1850 as the upper shadow. Consolidating above it will lead the signal line of the Marlin oscillator to exit the rising channel also upwards. The 1.1925 target will open - historically the level is not very strong, but the MACD indicator line is approaching it, which will strengthen it.

https://forex-images.ifxdb.com/userfiles/20210729/analytics6102176d4fc26_source!.jpg

The euro's growth, however, occurred on the FOMC signal of an impending tightening of monetary policy, of course, provided that economic indicators continue to show growth. The Fed even allowed inflation to rise above its predicted values. Trading volumes were about the same as on Thursday last week, when the European Central Bank met, and less than on the 8th, when ECB President Christine Lagarde made a statement about the increase in inflation target. One gets the impression that the big players are playing with the euro as a giveaway, probably, the US does not need a strong dollar for the period of uncertainty with the issue of raising the government debt threshold. Today there will be data on US GDP for the second quarter - a forecast of 8.5% against 6.4% in the first quarter and applications for unemployment benefits will come out - a forecast of 380,000 against 419,000 a week earlier. If the euro continues to rise against such data, then this growth, whatever its dynamics, will not be long in time - 4-6 weeks.

https://forex-images.ifxdb.com/userfiles/20210729/analytics61021779c54a0_source!.jpg

The euro has settled above the indicator lines on the H4 chart, the Marlin oscillator is growing in the zone of positive values, there are no reversal signs.

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 July 30, 2021

EUR/USD
Yesterday's economic data played into the hands of strategic buyers of the euro - even on average volumes, the single currency gained 43 points - this is the largest daily growth of the week. Unemployment in Germany in July decreased from 5.9% to 5.7%, the index of manufacturing sentiment in the euro area for the current month increased from 12.8 to 14.6, the harmonized consumer price index in Germany increased from 2.1% y/y up to 3.1% y/y. And in the US, GDP for the second quarter showed an increase of 6.5% against the forecast of 8.5% and the previous figure was revised down from 6.4% to 6.3%. US reports were even summed up by applications for unemployment benefits - the weekly figure was 400,000 against the forecast of 380,000. Today there are data on expenses and income of individuals for June. Revenues are forecast to decline 0.3% after the previous -2.0%, expenses may increase 0.7% versus the previous 0.9%. Such data is able to push for the euro's growth.

https://forex-images.ifxdb.com/userfiles/20210730/analytics61036823532a6_source!.jpg

The price stopped at the balance indicator line on the daily chart. The signal line of the Marlin oscillator has left its own channel upwards, now, after a short break, the price will attack the important resistance at 1.1925, consolidating above which opens the target at 1.2050.

https://forex-images.ifxdb.com/userfiles/20210730/analytics6103682db9827_source!.jpg

The situation is completely upward on the four-hour chart. The Marlin Oscillator has turned down, but this appears as a discharge of the indicator before further growth. The correction limit is seen at the level 1.1850.

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 August 2, 2021

EUR/USD
The euro fell 18 points last Friday, likely on partial closings since the start of the week, as trading volumes were above average. On the daily scale chart, the price found the indicator line of the balance with rather strong resistance in the current situation, the decline reached the target level 1.1850.

https://forex-images.ifxdb.com/userfiles/20210802/analytics61075ec508753_source!.jpg

The signal line of the Marlin Oscillator is on the upper channel line. If this signal line returns to the channel, the previous exit will become false, and then the lower channel line may be reached, which will lead the euro to return to last month's high. Now this option seems unlikely, but for sustainable growth, investors still have to switch from risk aversion to risk buying, which means buying back the euro against positive US data and following the stock markets, if, of course, their growth continues. In this regard, today will be an indicative day. US construction spending is expected to rise 0.4% in June, while the July ISM Manufacturing PMI is expected to rise from 60.6 to 60.9. If on the positive data the euro shows growth, then overcoming the target level of 1.1925 will be a matter of the near future, and then the price will go to the target level of 1.2050 - to the low on May 13.

https://forex-images.ifxdb.com/userfiles/20210802/analytics61075ee042048_source!.jpg

On a four-hour scale chart, the price is above the indicator lines, the Marlin Oscillator begins to reverse from the zero line upward after the last session has been discharged. The upward trend is not broken.

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 August 3, 2021

EUR/USD
Yesterday, the US PMIs came out mixed, not very convincing, and failed to provide the indicator of investor risk sentiment that we expected. The final Markit Manufacturing PMI for July was raised from 63.1 to 63.4, while the ISM Manufacturing PMI was even worse: 59.5 versus 60.6 in June. As a result, the euro ended the day at the close of Friday - no price change. The next event that can show the risk sentiment of the big players will be Friday's employment release from the Labor Department. The forecast for new jobs in the non-agricultural sector is 880-920,000, the unemployment rate is expected to decline from 5.9% to 5.7%. The euro's growth at such powerful indicators will undoubtedly set a medium-term weakening of the dollar in all markets, the fall of the euro will show the resilience of investors to the expectation of a tightening of monetary policy.

https://forex-images.ifxdb.com/userfiles/20210803/analytics6108af96ca0ab_source!.jpg

The price does not dare to go beyond the balance indicator line on the daily scale chart, which will lead it to fight the resistance of the MACD line (1.1925 and higher). Also, the price is still hesitating to overcome the lower level of 1.1847 (low on June 18), so that, after consolidating below it, returns to the downward track. This is hindered by the growing Marlin oscillator.

https://forex-images.ifxdb.com/userfiles/20210803/analytics6108afa606883_source!.jpg

The Marlin Oscillator is moving sideways along the zero neutral line on the four-hour scale. The MACD line (1.1834) is below the level of 1.1847, so consolidating below the price level without settling below the MACD line will not be enough for a confident bearish signal.

Thus, the euro is in a neutral situation, investors went into standby mode. Although, if they still have an intention to take risks, then the unhurried growth of the euro may last until the very release of data on US employment. Doubt in the presence of such sentiments is caused by yesterday's drop in stock indices (S&P 500 -0.19%), however, this may just be a reaction to vague PMI.

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 August 4, 2021

EUR/USD
The euro situation has not changed over the past day, the technical picture has been preserved in all its details. On a daily scale, the price is below the balance indicator line and slightly above the target level of 1.1847.

https://forex-images.ifxdb.com/userfiles/20210804/analytics610a0084789dd_source!.jpg

The Marlin Oscillator is moving sideways in an upward trend area. Consolidating below 1.1847 will put the euro back on track for medium-term weakening. For the growth to develop, the price needs to settle above the MACD line and the target level of 1.1925. Market participants are awaiting Friday's US employment data.

https://forex-images.ifxdb.com/userfiles/20210804/analytics610a0090ad2b3_source!.jpg

The price is above both indicator lines on the H4 chart, the Marlin oscillator is in the decline zone, the overall situation is neutral. For the development of a downward movement, the price must go below the MACD line (1.1837), that is, even below the level of 1.1847.

Analysis are provided byInstaForex.

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

Posts: 851 to 875 of 1,547

Pages Previous 1 33 34 35 36 37 62 Next

You must login or register to post a reply

Forex Software → Market Analysis → InstaForex Analysis

Similar topics in this forum