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1 Forecast for EUR/USD on April 26, 2019
The euro continues to decline towards 1.1075 and 1.0985
EUR/USD Yesterday, the US showed positive data on durable-goods orders in March, the index increased by 2.7% against expectations of 0.7% and a -1.1% drop in February (revised from -1.6%). The stock market reacted poorly to the data, as it felt mixed feelings from the disappointing reports of companies, but the yield of government bonds rose slightly, the dollar index added 0.09%. The weakness of the index was influenced by the yen, which strengthened after the Bank of Japan announced that...

EUR/USD

Yesterday, the US showed positive data on durable-goods orders in March, the index increased by 2.7% against expectations of 0.7% and a -1.1% drop in February (revised from -1.6%). The stock market reacted poorly to the data, as it felt mixed feelings from the disappointing reports of companies, but the yield of government bonds rose slightly, the dollar index added 0.09%. The weakness of the index was influenced by the yen, which strengthened after the Bank of Japan announced that it will maintain the current rates for at least another year. The euro fell by 20 points, consolidating below the target level of 1.1155. Today there are data on US GDP for the 1st quarter in the 2nd estimate, the forecast assumes that the figure will remain at 2.2%. The final consumer confidence rating from the University of Michigan in April is expected to rise to 97.1 from 96.9.

In the technical aspect, we see a weak convergence of prices with the Marlin oscillator on a four-hour scale chart. Formally, this may indicate a small price correction, but there is a nuance – with wedge-shaped formations, the prices of convergence/divergence are often re-formed into a further trend decline of the indicator, which is interpreted as the discharge of the oscillator before further lowering of the signal line.

So, we stick to the main scenario – the euro's decline to the Fibonacci level of 123.6% at the price of 1.1075. Consolidation below the level can continue the trend to the Fibonacci level of 138.2% at the price of 1.0985.

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Forex analysis 26 Apr 2019, 04:18 UTC+00
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2 Wave analysis of EUR / USD for April 26. The pair continues to build the downward wave 3
On Thursday, April 25, trading ended for EUR / USD by another 20 bp decline. Thus, the conclusion about the...
Wave counting analysis: On Thursday, April 25, trading ended for EUR / USD by another 20 bp decline. Thus, the conclusion about the continuation of the construction of a downward wave 3, in 3 with targets located near the levels of 161.8% and 200.0% of Fibonacci. If the current wave counting is correct, then the prospects for the euro currency are very disappointing, since it is expected to build two more impulse waves within the descending trend section. Accordingly, the instrument can...

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Wave counting analysis:

On Thursday, April 25, trading ended for EUR / USD by another 20 bp decline. Thus, the conclusion about the continuation of the construction of a downward wave 3, in 3 with targets located near the levels of 161.8% and 200.0% of Fibonacci. If the current wave counting is correct, then the prospects for the euro currency are very disappointing, since it is expected to build two more impulse waves within the descending trend section. Accordingly, the instrument can fall down to price parity. On the other hand, the news background for the pair still remains neutral, although the Eurocurrency does not require news to continue its decline. Today, there will be interesting data on the GDP of America.

Sales targets:

1.1097 - 161.8% Fibonacci

1.1045 - 200.0% Fibonacci

Purchase goals:

1.1324 - 0.0% Fibonacci

General conclusions and trading recommendations:

The pair has resumed the construction of the downside part of the trend against the backdrop of the reluctance of markets to buy Eurocurrency. The current wave counting suggests a reduction in the pair with the nearest targets 1.1097 and 1.1045, which equates to 161.8% and 200.0% Fibonacci. Thus, it is recommended to sell a pair for these purposes.

Forex analysis 26 Apr 2019, 06:55 UTC+00
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3 Forecast for GBP/USD on April 26, 2019
The pound sterling continues to move to 1.2832 on April
GBP/USD The British pound fell by 5 points on Thursday. The retail sales data for April helped it withstand pressure from the dollar, according to the CBI, the balance of which increased from -18 to 13 while waiting for 0. On the daily chart, the price continues to decline as the marlin oscillator signal line drops below its trend line resistance. On the four-hour chart, the price is also falling without strong jerks, which caused the oscillator to recover to a zero balanced...

GBP/USD

The British pound fell by 5 points on Thursday. The retail sales data for April helped it withstand pressure from the dollar, according to the CBI, the balance of which increased from -18 to 13 while waiting for 0.

On the daily chart, the price continues to decline as the marlin oscillator signal line drops below its trend line resistance.

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On the four-hour chart, the price is also falling without strong jerks, which caused the oscillator to recover to a zero balanced line. The price has strong resistances, we do not think that a neutral marlin can develop an upward trend in this situation, its growth is more consistent with the discharge before a further decline.

The target for a decline remains the same - support for the price channel at 1.2832. If today's data on US GDP for the 1st quarter will be better than the forecast (2.2%), then we will be able to see the price in a range of 1.2772-1.2814 at the beginning of next week.

Forex analysis 26 Apr 2019, 04:10 UTC+00
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4 Fractal analysis of major currency pairs on April 26
Dear colleagues. For the currency pair Euro/Dollar, the continuation of the downward movement is expected after the...
Dear colleagues. For the currency pair Euro/Dollar, the continuation of the downward movement is expected after the breakdown of 1.1100 and the level of 1.1175 is the key support. For the currency pair Pound/Dollar, the development of the downward structure of April 23 is expected after the passage of the range of 1.2891 – 1.2870. For the currency pair Dollar/Franc, the continuation of the upward movement is expected after the breakdown of 1.0225 and we consider the downward movement as a...

Dear colleagues.

For the currency pair Euro/Dollar, the continuation of the downward movement is expected after the breakdown of 1.1100 and the level of 1.1175 is the key support. For the currency pair Pound/Dollar, the development of the downward structure of April 23 is expected after the passage of the range of 1.2891 – 1.2870. For the currency pair Dollar/Franc, the continuation of the upward movement is expected after the breakdown of 1.0225 and we consider the downward movement as a correction. For the currency pair Dollar/Yen, the price forms the expressed initial conditions for the downward cycle of April 24. For the currency pair Euro/Yen, the continuation of the downward movement is expected after the breakdown of 124.05 and the level of 124.71 is the key support. For the Pound/Yen currency pair, the subsequent targets for the downward movement clarified from the local structure on April 23 is the key resistance level of 143.80 and the key support level of 144.53.

Forecast for April 26:

Analytical review of H1-scale currency pairs:

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For the currency pair Euro/Dollar, the key levels on the H1 scale are 1.1200, 1.1175, 1.1153, 1.1113, 1.1100 and 1.1069. We follow the local downward structure of April 22. The continuation of the downward movement is expected after the price passes the range of 1.1113 – 1.1100. In this case, the goal is 1.1069, upon reaching this level, we expect a rollback to the top.

The short-term upward movement is possible in the range of 1.1153 – 1.1175, and the breakdown of the last value will lead to a prolonged correction. The target is 1.1200 and this level is the key support for the downward structure.

The main trend is the local structure of April 22.

Trading recommendations:

Buy 1.1153 Take profit: 1.1173

Buy 1.1175 Take profit: 1.1200

Sell: 1.1100 Take profit: 1.1070

Sell: Take profit:

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For the currency pair Pound/Dollar, the key levels on the H1 scale are 1.2966, 1.2940, 1.2924, 1.2891, 1.2870, 1.2831 and 1.2805. We follow the local downward structure of April 23. The short-term downward movement is expected in the area of 1.2891 – 1.2870 and the breakdown of the last value should be accompanied by a pronounced movement. The target is 1.2831. We consider the level of 1.2805 as a potential value for the bottom, upon reaching which, we expect a rollback to the top.

The short-term upward movement is expected in the area of 1.2924 – 1.2940 and the breakdown of the last value will lead to an in-depth correction. The goal is 1.2966 and this level is the key support for the downward structure.

The main trend is a local downward structure of April 23.

Trading recommendations:

Buy: 1.2940 Take profit: 1.2965

Buy: 1.2968 Take profit: 1.3016

Sell: 1.2890 Take profit: 1.2871

Sell: 1.2869 Take profit: 1.2831

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For the currency pair Dollar/Franc, the key levels on the H1 scale are 1.0286, 1.0257, 1.0225, 1.0193, 1.0176 and 1.0146. We continue to follow the development of the upward structure from April 12. The continuation of the upward movement is expected after the breakdown of 1.0225. In this case, the goal is 1.0257, consolidation is near this level, and hence the probability of a turn to the bottom is high. We consider the level of 1.0286 as a potential value for the top, upon reaching which, we expect a correction.

The short-term downward movement is possible in the area of 1.0193 – 1.0176 and the breakdown of the last value will lead to a prolonged correction. The target is 1.0146 and this level is the key support for the top.

The main trend is the ascending cycle of April 12.

Trading recommendations:

Buy: 1.0225 Take profit: 1.0255

Buy: 1.0258 Take profit: 1.0286

Sell: 1.0193 Take profit: 1.0176

Sell: 1.0174 Take profit: 1.0146

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For the currency pair Dollar/Yen, the key levels on the H1 scale are 112.14, 111.89, 111.74, 111.44, 111.30, 110.97 and 110.57. The price forms a pronounced potential for the downward movement of April 24. The development of the downward structure is expected after the price passes the range of 111.44 – 111.30. In this case, the target is 110.97 and consolidation is near this level. We consider the level of 110.57 as a potential value for the downward cycle, near which we expect consolidation, as well as a rollback to the top.

The short-term upward movement is possible in the area of 111.74 – 111.89 and the breakdown of the latter value will lead to a prolonged correction. The goal is 112.14 and this level is the key support for the downward structure of April 24.

The main trend is the formation of the downward structure of April 24.

Trading recommendations:

Buy: 111.74 Take profit: 111.88

Buy: 111.90 Take profit: 112.14

Sell: 111.30 Take profit: 111.00

Sell: 110.95 Take profit: 110.58

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For the currency pair Canadian Dollar/Dollar, the key levels on the H1 scale are 1.3585, 1.3558, 1.3516, 1.3496, 1.3469, 1.3442, 1.3407 and 1.3370. We continue to follow the development of the upward cycle of April 17. The continuation of the upward movement is expected after the passage by the price of the range of 1.3496 – 1.3516. In this case, the goal is 1.3558. We consider the level of 1.3585 as a potential value for the top. Upon reaching this level, we expect consolidation, as well as a rollback to the bottom.

The short-term downward movement is possible in the area of 1.3469 – 1.3442 and the breakdown of the last value will lead to an in-depth correction. The goal is 1.3407 and this level is the key support for the top. Its breakdown will have to form the initial conditions for the downward cycle. In this case, the goal is 1.3370.

The main trend is the ascending structure of April 17, the stage of correction.

Trading recommendations:

Buy: 1.3516 Take profit: 1.3555

Buy: 1.3558 Take profit: 1.3585

Sell: 1.3469 Take profit: 1.3444

Sell: 1.3440 Take profit: 1.3410

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For the currency pair Australian Dollar/Dollar, the key levels on the H1 scale are 0.7064, 0.7040, 0.7024, 0.7003, 0.6991 and 0.6967. We continue to follow the development of the downward structure of April 17. The continuation of the downward movement is expected after the price passes the range of 0.7003 – 0.6991. In this case, the potential target is 0.6967, from this level, we expect a rollback to the top.

The short-term upward movement is possible in the range of 0.7024 – 0.7040 and the breakdown of the last value will lead to a deep correction. The goal is 0.7064 and this level is the key support for the downward structure.

The main trend is the downward cycle of April 17, the stage of correction.

Trading recommendations:

Buy: 0.7024 Take profit: 0.7040

Buy: 0.7042 Take profit: 0.7064

Sell: Take profit:

Sell: 0.6990 Take profit: 0.6967

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For the currency pair Euro/Yen, the key levels on the H1 scale are 125.25, 125.02, 124.71, 124.48, 124.05, 123.82 and 123.30. We follow the development of the downward structure from April 17th. The short-term downward movement is possible in the area of 124.05 – 123.82 and the breakdown of the latter value will allow expecting the movement towards a potential target – 123.30, from this level, we expect a rollback to the top.

The short-term upward movement is possible in the area of 124.48 – 124.71 and the breakdown of the latter value will lead to a prolonged correction. In this case, the target is 125.02 and the range of 125.02 – 125.25, in which we expect the top of the initial conditions for the upward cycle to be formed.

The main trend is the downward structure of April 17.

Trading recommendations:

Buy: 124.48 Take profit: 124.70

Buy: 124.74 Take profit: 125.02

Sell: 124.05 Take profit: 123.84

Sell: 123.80 Take profit: 123.35

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For the currency pair Pound/Yen, the key levels on the H1 scale are 145.07, 144.87, 144.53, 144.29, 143.80, 143.49, 143.11 and 142.89. The subsequent targets for the downward movement were clarified from the local structure on April 23. The short-term downward movement is expected in the range 143.80 – 143.49 and the breakdown of the last value will lead to a pronounced movement. The target is 143.11. We consider the level of 142.89 as a potential value for the bottom, after reaching which we expect consolidation in the area of 142.89 – 143.11, as well as a rollback to the top.

The short-term upward movement is possible in the area of 144.28. – 144.53 and the breakdown of the last value will lead to a prolonged correction. The target is 144.87 and the range of 144.87 – 145.07. Before it, we expect the potential for the ascending structure to be formed.

The main trend is the local structure of April 23.

Trading recommendations:

Buy: 144.28 Take profit: 144.50

Buy: 144.55 Take profit: 144.85

Sell: 143.80 Take profit: 143.54

Sell: 143.45 Take profit: 143.11

Forex analysis 26 Apr 2019, 05:29 UTC+00
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5 Technical analysis for EURUSD for April 26, 2019
EURUSD has reached the lower boundary of the long-term wedge pattern at 1.1115 and price is bouncing. Trend remains...
EURUSD has reached the lower boundary of the long-term wedge pattern at 1.1115 and price is bouncing. Trend remains bearish. Price remains inside the longer-term downward sloping wedge pattern. A short-term bounce towards 1.12 is possible for today. Black line - major resistance trend line Red line - support trend line Blue line - short-term resistance trend line EURUSD is oversold in the short-term. Price could bounce today or Monday towards 1.12 and the 38% Fibonacci retracement...

EURUSD has reached the lower boundary of the long-term wedge pattern at 1.1115 and price is bouncing. Trend remains bearish. Price remains inside the longer-term downward sloping wedge pattern. A short-term bounce towards 1.12 is possible for today.

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Black line - major resistance trend line

Red line - support trend line

Blue line - short-term resistance trend line

EURUSD is oversold in the short-term. Price could bounce today or Monday towards 1.12 and the 38% Fibonacci retracement resistance. Short-term trend remains bearish as long as price is below the blue trend line. The blue trend line resistance is at 1.1270. As long as price is below that level there is danger of moving even lower towards 1.1050. A break of the 1.1250 resistance could open the way for a move towards 1.13-1.1350 where the major trend resistance is found.

Forex analysis 26 Apr 2019, 06:29 UTC+00
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6 Wave analysis of GBP / USD for April 26. The pound will continue to decline in the future.
On April 25, the GBP / USD pair fell by only a few base points and, thus, remained within the framework as part of...
Wave counting analysis: On April 25, the GBP / USD pair fell by only a few base points and, thus, remained within the framework as part of the construction of the downward trend section and its estimated wave 3. The exit from the triangle clearly marked the trend of the instrument for the coming weeks. On the other hand, there is no progress in the process of Brexit, and the UK could potentially face a number of problems associated with the withdrawal from the EU. The country continues...

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Wave counting analysis:

On April 25, the GBP / USD pair fell by only a few base points and, thus, remained within the framework as part of the construction of the downward trend section and its estimated wave 3. The exit from the triangle clearly marked the trend of the instrument for the coming weeks. On the other hand, there is no progress in the process of Brexit, and the UK could potentially face a number of problems associated with the withdrawal from the EU. The country continues to lose huge sums, which is a consequence of the start of the Brexit program. The investment climate in the country is also steadily decreasing. Many companies, whose production is located in the UK, want to move it outside the country. Thus, the prospects for the pound sterling are just as vague as the euro.

Purchase goals:

1.3118 - 61.8% Fibonacci

1.3168 - 50.0% Fibonacci

Sales targets:

1.2839 - 127.2% Fibonacci

1.2693 - 161.8% Fibonacci

General conclusions and trading recommendations:

The wave pattern still involves the construction of a downtrend trend, especially after breaking through the bottom line of the triangle. Now, I recommend selling a pair with targets located near the estimated marks of 1.2839 and 1.2693, which corresponds to 127.2% and 161.8% Fibonacci.

Forex analysis 26 Apr 2019, 07:04 UTC+00
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7 EUR / USD h4. Options for the development of the movement from April 26, 2019 Analysis of APLs & ZUP
The movement of the single European currency EUR / USD from April 26, 2019 will be due to the development of the 1/2...
Minute ( h4 ) Euro vs US Dollar Index Previous Review from 04/19/2019 19:58 UTC + 3. ____________________ movement of the single European currency by EUR / USD c April 26, 2019 is due to perfecting the boundaries channel of the the Median Line 1/2 ( 1.1135 <-> 1.1160 <-> 1.1180 ) Fork Operational scale Minuette . The layout of the movement options inside the 1 / 2ML Minute channel is presented in an animated graphic . ____________________ Development...

Minute ( h4 ) Euro vs US Dollar Index

Previous Review from 04/19/2019 19:58 UTC + 3.

____________________

movement of the single European currency by EUR / USD c April 26, 2019 is due to perfecting the boundaries channel of the the Median Line 1/2 ( 1.1135 <-> 1.1160 <-> 1.1180 ) Fork Operational scale Minuette .

The layout of the movement options inside the 1 / 2ML Minute channel is presented in an animated graphic.

____________________

Development perspective of the downward movement (sell)

Breakdown

For the development Prospects of the upward movement (buy)

The

Details are shown in animated graphics.

____________________

The review was compiled and is not a guide to action (placing orders "sell" or "buy").

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Materials for the study of analysis ZUP & APL `s.

Forex analysis 26 Apr 2019, 01:06 UTC+00
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8 Selling EUR/USD and GBP/USD on growth: Eurocurrency has unenviable prospects
The future of the single European currency remains extremely uncertain. Slowing economic growth in the eurozone...
The future of the single European currency remains extremely uncertain. Slowing economic growth in the eurozone against the background of general uncertainty, which has not disappeared anywhere from the markets but only increases more and more. It may cause the ECB to resume asset buying under the name of quantitative easing (QE). On Thursday, ECB Vice President Luis de Gindos at a Reuters Breakingviews event in New York said that "we closed our quantitative easing program at the end of...

The future of the single European currency remains extremely uncertain. Slowing economic growth in the eurozone against the background of general uncertainty, which has not disappeared anywhere from the markets but only increases more and more. It may cause the ECB to resume asset buying under the name of quantitative easing (QE).

On Thursday, ECB Vice President Luis de Gindos at a Reuters Breakingviews event in New York said that "we closed our quantitative easing program at the end of last year, but ... this is something that we can use again if necessary." His words indicate that the regulator is stymied by the lack of inflation, (currently at the level of 1.4%) and weak GDP growth, which fell to 1.1% on an annualized basis, according to final data for the fourth quarter.

In fact, we can say that the ECB will have to resort to either direct purchases of government bonds, as well as corporate bonds in an attempt to stimulate an increase in inflationary pressure and economic growth in the region.

In our opinion, it will be extremely difficult for the bank to solve this problem, since in recent months the risks of dumping the global economy into recession with subsequent crisis phenomena have noticeably increased and without external demand for European products on the world market, it will be extremely difficult for the eurozone economy to recover.

Given this, we believe that the euro currency will have an "unenviable" future. Most likely, it will continue to remain under pressure, adjusting the US dollar upwards from time to time. It is likely that in the future the main currency pair will test the level of 1.0000, as in the conditions of the impending new economic crisis. The demand for dollar assets and the American currency itself will only grow as an asset.

Forecast of the day:

The EUR/USD pair remains under pressure in the wake of the risk that the ECB will resume the euro-zone economic stimulus programs and the pair may rebound to 1.1165. If this happens, we consider it possible to sell it from this mark, as well as from the level of 1.1145, if it does not cross it with the local target of 1.1100.

The GBP/USD pair can also be adjusted upwards to 1.2925. We consider it necessary to sell it from this mark or after crossing the level of 1.2880 with the local target of 1.12800.

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Forex analysis 26 Apr 2019, 10:08 UTC+00
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9 Trading recommendations for the GBPUSD currency pair - prospects for further movement
For the last trading day, the pound / dollar currency pair again showed a low volatility of 50 points, as a result of...
For the last trading day, the pound / dollar currency pair again showed a low volatility of 50 points, as a result of having stagnation. From the point of view of technical analysis, we see that after the inertial move, the quotation found a periodic pivot of 1.2865, where, against the background of general overheating of short positions, it formed a stagnation with an estimated correction. The information background, in principle, did not have any harsh statements regarding the UK & EU...

For the last trading day, the pound / dollar currency pair again showed a low volatility of 50 points, as a result of having stagnation. From the point of view of technical analysis, we see that after the inertial move, the quotation found a periodic pivot of 1.2865, where, against the background of general overheating of short positions, it formed a stagnation with an estimated correction. The information background, in principle, did not have any harsh statements regarding the UK & EU divorce process. The only thing that took off was the statement made by French President Emmanuel Macron on the subject of disagreement between the countries of France and Germany on Brexit, but it had no effect on the general market background.

"We do not have absolute agreement on the issue of UK exit from the EU. At some point, it will need to be found, " explained Macron.

The news background had data on the volume of orders for durable goods (mar m / m) in the United States, where it was expected to grow 0.7%. However, as a result, it received a more rapid jump by 2.7%.

Today, in terms of the economic calendar, we have data on US GDP for Q1, where a slowdown is expected from 2.2% to 2.0%, which could put pressure on the dollar.

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The upcoming trading week in terms of the economic calendar is replete with statistics and events, where we will see the meeting of the Bank of England and the Fed. The most current events are displayed below.

Monday

17:00 MSK - Speech by the head of the Bank of England Carney

Tuesday

United States 17:00 MSK (Mar): Prev. Index of pending sales in the real estate market (m / m) (Mar) -1.0% ---> Forecast 1.0%

Wednesday

United Kingdom 11:30 Moscow time. - Manufacturing Business Index (PMI) (Apr): Prev. 55.1

United States 15:15 MSK - Change in the number of people employed in the non-farm sector from ADP (Apr): Prev. 129K ---> Forecast 175K

United States 17:00 MSK - Manufacturing Business Index (PMI) from ISM (Apr): Prev. 55.3 ---> Forecast 55.0

United States 21:30 MSK - FOMC Press Conference

Thursday

United Kingdom 11:30 Moscow time. - Index of Business Activity in the construction sector (Apr) 49.7 ---> Forecast 49.8

14:30 Moscow time - Bank of England meeting followed by Kearney England performance

United States 15:30 MSK - Basic orders for durable goods (m / m) (Mar): Prev. -0.1% ---> Forecast 0.2%

Friday

United Kingdom 11:30 Moscow time. - Index of business activity in the services sector (Apr): 48.9 ---> Forecast 50.9

United States 15:30 MSK - Change in the number of people employed in the non-agricultural sector (Apr): 196K ---> Forecast 180K

United States 15:30 MSK - Unemployment rate (Apr): Prev. 3.8% ---> Forecast 3.8%

United States 17:00 MSK - Non-manufacturing Business PMI (PMI) from ISM (Apr): 56.1 ---> Forecast 57.2

These are preliminary and subject to change.

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Further development

Analyzing the current trading chart, we see a correction attempt, but so far we only have a small pullback with the border of 1.2915. It is likely to assume that the pair, after all, is overheated by short positions, and a pullback followed by a correction is a rather realistic scenario. Traders consider such a campaign, if the price is fixed above 1.2920, then the move to 1.2935-1.2960 is possible. At the same time, traders carefully analyze the recent pivot point, in case the bearish interest persists and we head to the main pivot point 1.2770.

Indicator Analysis

Analyzing a different sector of timeframes (TF ), we see that in the short term, a rising interest was born against the background of a rollback. Intraday and mid-term perspective preserves downward interest against the general background of the market.

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Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily rate.

(April 26 was based on the time of publication of the article)

The current time volatility is 28 points. If supported by the continuation of the news background, volatility may increase.

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Key levels

Zones of resistance: 1.2920 * 1.3000 **; 1.3220 *; 1,3300 **; 1.3440; 1.3580 *; 1.3700

Support areas: 1.2770 (1.2720 / 1.2770) **; 1.2620; 1,2500 *; 1.2350 **.

* Periodic level

** Range Level

Forex analysis 26 Apr 2019, 08:06 UTC+00
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10 Indicator analysis. Daily review on April 26, 2019 for the pair EUR / USD
On Thursday, the market continued its downward movement, but to the target of 161.8% - 1.1099 (blue dashed line). On...
On Friday, the bears will begin to record weekly earnings, and the market will roll back up. The first upper target is 1.11467 - the rolling level of 23.6% (yellow dotted line). Fig. 1 (daily schedule). Comprehensive analysis: - indicator analysis - up; - Fibonacci levels - up; - volumes - up; - candlestick analysis - up - trend analysis - down; - Bollinger lines - up; - weekly schedule - down. General conclusion: On Friday, the bears will begin to record weekly earnings, and...

On Friday, the bears will begin to record weekly earnings, and the market will roll back up. The first upper target is 1.11467 - the rolling level of 23.6% (yellow dotted line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up

- trend analysis - down;

- Bollinger lines - up;

- weekly schedule - down.

General conclusion:

On Friday, the bears will begin to record weekly earnings, and the market will roll back up. The first upper target is 1.11467 - the rolling level of 23.6% (yellow dotted line).

Forex analysis 26 Apr 2019, 07:43 UTC+00
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