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1 GBP / USD: plan for the European session on September 25. The growth potential of the pound is limited
Buyers showed themselves in the support area of 1.3098, which I paid attention to in my review yesterday. While the...
To open long positions for GBP / USD, you need: Buyers showed themselves in the support area of 1.3098, which I paid attention to in my review yesterday. While the trade is going above this range, demand for the pound will remain, and the first goal will be the highs of yesterday's 1.3164, where I recommend fixing the profits. Its breakthrough will open a direct road to the resistance area of 1.3215. In the case of GBP / USD decline today, under the support area of 1.3098, you can return to...

To open long positions for GBP / USD, you need:

Buyers showed themselves in the support area of 1.3098, which I paid attention to in my review yesterday. While the trade is going above this range, demand for the pound will remain, and the first goal will be the highs of yesterday's 1.3164, where I recommend fixing the profits. Its breakthrough will open a direct road to the resistance area of 1.3215. In the case of GBP / USD decline today, under the support area of 1.3098, you can return to purchases only for a rebound from the low of 1.3036.

To open short positions for GBP / USD, you need:

Today, the sellers will try returning to the support area of 1.3098, which will lead to the formation of a new downward wave and the renewal of weekly lows around 1.3036 and 1.2981, where I recommend fixing the profits. In the case of another attempt by buyers to return to the market, short positions in the pound can be returned on a false break from the maximum of 1.3164 or on a rebound from 1.3215. Any news on Brexit can lead to a sharp market movement, so do not forget about the arrangement of stop orders.

Indicator signals:

Moving Averages

The 30-day moving average and the 50-day average are directed downward. Return prices under the average sliding will lead to a new formation of a downward trend in the pound.

Bollinger Bands

Volatility fell sharply. Breaking the lower boundary of the bands around 1.3098 will lead to the formation of a new downward wave in the pound.

analytics5ba9da679e2a8.png

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

Forex analysis 25 Sep 2018, 12:07 UTC+00
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2 Analysis of EUR / USD Divergences on September 25. Breakdown + bearish divergence = fall
The second test of the correction level of 100.0% - 1.1791 for the EUR / USD currency pair also ended with the...
4h The second test of the correction level of 100.0% - 1.1791 for the EUR / USD currency pair also ended with a rebound and a reversal in favor of the US currency. Thus, a new drop in quotations began in the direction of the correctional level of 76.4% - 1.1675. Also yesterday, the bearish divergence of the MACD indicator was formed, which together with the rebound from the Fibo level of 100.0% became a strong signal for sales. On September 25, there are no divergent divisions. The...

4h

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The second test of the correction level of 100.0% - 1.1791 for the EUR / USD currency pair also ended with a rebound and a reversal in favor of the US currency. Thus, a new drop in quotations began in the direction of the correctional level of 76.4% - 1.1675. Also yesterday, the bearish divergence of the MACD indicator was formed, which together with the rebound from the Fibo level of 100.0% became a strong signal for sales. On September 25, there are no divergent divisions. The resumption of growth of the pair can be identified by closing quotations above the Fibo level of 100.0%.

The Fibo grid is built on extremes from July 9, 2018, and August 15, 2018.

Daily

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On the 24-hour chart, the situation also tends to favor falling quotes. The pair's retracement from the Fibo level of 76.4% - 1.1789 worked in favor of the US currency. Thus, the drop in quotations can be continued in the direction of the correction level of 100.0%. The readings of the two graphs are the same. Brewing divergences are not observed on the current chart. The resumption of the growth of the pair can be identified by fixing the correctional level of 76.4%.

The Fibo grid is built on extremes from November 7, 2017, and February 16, 2018.

Recommendations for traders:

Purchases for the currency pair EUR / USD will be carried out with the aim of 1.1791 with Stop Loss order at the level of Fibonacci 76.4%, if the pair will perform a retreat from the correction level of 1.1675.

The EUR / USD currency pair can now be traded with a target of 1.1675 with a Stop Loss order above the Fibo level of 100.0%, as the pair completed the second retracement from the correction level of 1.1791 with the formation, this time, of a bearish divergence.

Forex analysis 25 Sep 2018, 12:07 UTC+00
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3 Intraday technical levels and trading recommendations for EUR/USD for September 25, 2018
Last week, another bullish movement was demonstrated towards the upper limit of the price range (1.1750) which...
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress. Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1750. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. However, the price level of 1.1520 stood as a prominent demand level where the current bullish pullback towards the...

analytics5ba9fe48bf061.png

On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.

Recently, the price level of 1.1500 offered temporary bullish recovery towards 1.1750. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800.

However, the price level of 1.1520 stood as a prominent demand level where the current bullish pullback towards the price level of 1.1700 was initiated.

Last week, another bullish movement was demonstrated towards the upper limit of the price range (1.1750) which resulted in a daily shooting-star bearish candlestick reflecting early signs of bearish rejection.

On the daily chart, The EUR/USD pair remains trapped below the depicted technical levels (1.1750 - 1.1850). As for the bearish side of the market to be dominant, the pair should keep trading below 1.1750.

On the other hand, conservative traders should be expecting further bullish advancement towards 1.1850 if the EUR/USD pair resumes its movement above 1.1750.

Forex analysis 25 Sep 2018, 07:26 UTC+00
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4 Technical analysis of Gold for September 25, 2018
Gold price continues to trade around $1,200. Price bounced off the $1,192 low towards $1,203 as a back test of the...
Gold price continues to trade around $1,200. Price bounced off the $1,192 low towards $1,203 as a back test of the broken resistance and got rejected. Gold bulls need to break above $1,211 for a move higher. As long as price is below that level, they are in danger of seeing another sell off. Red line - resistance Blue line - support (broken) Green lines - bearish channel Gold price has short-term resistance at $1,205. Channel resistance is at $1,207 and the trend line resistance...

Gold price continues to trade around $1,200. Price bounced off the $1,192 low towards $1,203 as a back test of the broken resistance and got rejected. Gold bulls need to break above $1,211 for a move higher. As long as price is below that level, they are in danger of seeing another sell off.

analytics5ba9d96622f4e.png

Red line - resistance

Blue line - support (broken)

Green lines - bearish channel

Gold price has short-term resistance at $1,205. Channel resistance is at $1,207 and the trend line resistance touching previous highs is also at $1,210. So the area between $1,205-$1,210 is an important resistance area and as long as price is below it, I expect another strong sell off that will eventually break $1,180. Support is at recent lows of $1,192. Breaking it of course would be a sign of weakness.

Forex analysis 25 Sep 2018, 04:48 UTC+00
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5 Bitcoin analysis for 25/09/2018
Argentina is buying bitcoins on a massive scale
The economic crisis in Argentina prompts investors to buy Bitcoins to protect their wealth. At the same time, to meet the growing demand, the first of the 12 BTC ATMs has already begun operating in a shopping center in Buenos Aires. The number of shops that accept Bitcoin is also growing steadily. As the domestic currency decreases, Argentine investors and ordinary people exchange their peso for Bitcoins. Economist and mathematician, D.H. Taylor, writes: "Argentines are moving in large...

The economic crisis in Argentina prompts investors to buy Bitcoins to protect their wealth. At the same time, to meet the growing demand, the first of the 12 BTC ATMs has already begun operating in a shopping center in Buenos Aires. The number of shops that accept Bitcoin is also growing steadily. As the domestic currency decreases, Argentine investors and ordinary people exchange their peso for Bitcoins. Economist and mathematician, D.H. Taylor, writes: "Argentines are moving in large quantities from the pesos, which makes Bitcoin an increasingly stable currency (...) The stability offered by the digital currency is much larger than the pesos and the Argentineans are happy to purchase Bitcoin".

As regards supporting evidence, Taylor refers to a table showing the weekly volume of Bitcoin purchases in Argentina: "One of the richest countries in Latin America, Argentina, is again undergoing a serious economic crisis. In April 2018, the peso began to fall sharply in relation to the dollar".

Most economists agree that the peso devaluation stems from investors' doubts about the government's ability to stop the inexorable inflation and to minimize the effects of Fed rate hikes that have strengthened the dollar around the world. Currently, the inflation rate in Argentina, year-on-year, reaches over 34%.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market has retraced almost 61% of the previous swing up as it bounced from the level of $6,539. The zone between the levels of $6,251 - $6,550 will now act as a resistance for the price again. The next technical support is seen at the level of $6,297.

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Forex analysis 25 Sep 2018, 03:41 UTC+00
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6 Fundamental Analysis of GBP/USD for September 25, 2018
GBP/USD has been quite volatile and corrective while residing above 1.3050 with a daily close. The pair is set to...
GBP/USD has been quite indecisive and volatile recently while residing above 1.3050 area with a daily close. GBP has been holding the upper hand in the pair, while USD gained certain impulsive momentum recently just ahead of the federal funds rate hike this week. Today on the GBP side, MPC Member Vlieghe spoke about the nation's key interest rates and future monetary policies which influenced the currency quite positively. However, lack of a clear statement about further development did not...

GBP/USD has been quite indecisive and volatile recently while residing above 1.3050 area with a daily close. GBP has been holding the upper hand in the pair, while USD gained certain impulsive momentum recently just ahead of the federal funds rate hike this week.

Today on the GBP side, MPC Member Vlieghe spoke about the nation's key interest rates and future monetary policies which influenced the currency quite positively. However, lack of a clear statement about further development did not provide much impulsive pressure as expected. This week the economic calendar includes the UK Current Account report which is expected to decrease to -19.4B from the previous figure of -17.7B and Final GDP which is expected to remain unchanged at 0.4%. Thus, GBP is expected to be quite slow with the development if market sentiment follows the economic results of the week.

On the USD side, FOMC Economic Projections, FOMC Statement, and Federal Funds Rate are going to be published on Wednesday. The benchmark funds rate is expected to be lifted to 2.25% from the previous value of 2.00%. Though the rate hike is quite imminent, certain volatility may be observed on the USD side throughout the week. Moreover, today US CB Consumer Confidence report is going to be published which is expected to show a slight decrease to 132.2 from the previous figure of 133.4, Richmond Manufacturing Index is expected to decrease to 22 from the previous figure of 24, and HPI is expected to be unchanged at 0.2%.

As of the current scenario, a good amount of volatility is expected throughout this week in this pair as high impact economic events and reports on the both currencies are going to be published in the coming days. Though GBP is currently quite positive in comparison to USD, the USD rate hike may lead to certain weakness on the GBP side in the process.

Now let us look at the technical view. The price is currently residing above 1.3050 area with a daily close after certain impulsive pressure on Friday. The price has successfully breached above the Kumo Cloud resistance while also being held by the dynamic levels 20 EMA, Tenkan and Kijun line as support which is expected to lead to further upward movement in this pair with target towards 1.32 and later towards 1.3350 resistance area in the future. As the price remains above 1.3050 with a daily close, the bullish bias is expected to continue.

SUPPORT: 1.3050, 1.2850

RESISTANCE: 1.3200, 1.3350

BIAS: BULLISH

MOMENTUM: VOLATILE

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Forex analysis 25 Sep 2018, 09:29 UTC+00
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7 Weekly review of EUR / USD pair - The key event of the week is the Fed meeting.
For four days out of five last week, the EUR / USD currency pair stood still. Only on Thursday trading ended with a...
24-hour timeframe For four days out of five last week, the EUR / USD currency pair stood still. Only on Thursday trading ended with a very solid growth of the European currency amid a new wave of rumors that the EU and Britain will still manage to agree on Brexit. As we have already noted, these are just rumors and market expectations. In fact, there has been no information confirming such optimistic expectations. One way or another, the euro is still growing and in the daytime timeframe...

24-hour timeframe

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For four days out of five last week, the EUR / USD currency pair stood still. Only on Thursday trading ended with a very solid growth of the European currency amid a new wave of rumors that the EU and Britain will still manage to agree on Brexit. As we have already noted, these are just rumors and market expectations. In fact, there has been no information confirming such optimistic expectations. One way or another, the euro is still growing and in the daytime timeframe the first target was 1.1790 and rebounded from it. Thus, at the beginning of the new trading week, we can observe a downward correction. Important macroeconomic data will begin to come at the disposal of traders on Wednesday. On this day, the results of the Fed meeting will be announced, the comments of the Fed representatives on monetary policy and the speech of the Fed chief, Jerome Powell. In general, there will be something to pay attention to. Moreover, there is a possibility of raising the key rate which in turn, can provide significant support to the US currency.

On Thursday, the annual data on GDP from the United States will be released. Also, on Friday, there will be reports on the change in spending and income of America's population. In the European Union, it will be possible to pay attention only to the consumer price index during the whole week and it will be possible to pay attention only to the consumer price index, which is expected to be published on Friday, even this is only a preliminary value for September. Thus, the main package of information will come from the United States. Also, do not forget to track Trump's speeches and messages, which this week may again start criticizing the Fed for too tight monetary tightening. It can provide significant support to the US currency.

Trading recommendations:

For this week's trading, the EUR / USD pair, it is recommended to consider long positions with the target of 1.1979, if traders manage to overcome the first target of 1.1790. Otherwise, a downward correction to the Kijun-Sen line is expected.

It is recommended to consider to sell positions for the long term if traders return lower to the Kijun-Sen line area (1.1590). In this case, the pair can proceed to the formation of a new downtrend with the first goal at the support level of 1.1357.

In addition to the technical picture, one should also take into account the fundamental data and the time of their release.

Explanations to the illustration:

Ichimoku Indicator:

Tenkan-sen is a red line.

Kijun-sen is a blue line.

Senkou Span A is a light brown dotted line.

Senkou Span B - a light purple dotted line.

Chikou Span is a green line.

Bollinger Bands Indicator:

3 yellow lines.

MACD indicator:

Red line and histogram with white bars in the indicator window.
Forex analysis 25 Sep 2018, 02:36 UTC+00
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8 EUR / USD pair - plan for the European session on September 25. Euro rose on statements of Mario Draghi, but did not hold position
Buyers are again required to return to the resistance level of 1.1767, which is the middle of the side channel. The...
To open long positions for EUR / USD pair, you need: Buyers are again required to return to the resistance level of 1.1767, which is the middle of the side channel. The breakthrough of this range, which took place yesterday after the ECB President Mario Draghi's speech, will once again bring the euro back to the market, which will lead to the renewal of the upper boundary of the lateral channel 1.1801. Tt is likely to test the new monthly highs around 1.1830 and 1.1866, where fixing...

To open long positions for EUR / USD pair, you need:

Buyers are again required to return to the resistance level of 1.1767, which is the middle of the side channel. The breakthrough of this range, which took place yesterday after the ECB President Mario Draghi's speech, will once again bring the euro back to the market, which will lead to the renewal of the upper boundary of the lateral channel 1.1801. Tt is likely to test the new monthly highs around 1.1830 and 1.1866, where fixing profits are recommended. In the case of a decline in the euro in the morning, you can go back to purchases on testing the support test of1.1726 or on a rebound from the 1.1687 low.

To open short positions for EUR / USD pair, you need:

As for the sellers of the euro, they need a false breakdown from the resistance level of 1.1767, which will lead to a new wave of decline and update the support level of 1.1726 with a test of a minimum of 1.1687, where fixing profits are recommended. In the case of a decline in the euro in the morning, you can go back to purchases on testing the support level of 1.1726 or on a rebound from the 1.1687 low.

Indicator signals:

Moving Averages

The 30-day moving average is on par with the 50-day average, which indicates the lateral nature of the market. Considering the resumption of the upward trend will only be possible after the return of the price above the moving average.

Bollinger Bands

Support for euro buyers will be the lower bound of the bands around 1.1726, and the upper limit of the bands near 1.1785 will act as an intermediate resistance.

analytics5ba9d88319e69.png

Description of indicators

  • MA (average sliding) 50 days - yellow
  • MA (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
Forex analysis 25 Sep 2018, 11:06 UTC+00
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9 Technical analysis of EUR/USD for September 25, 2018
EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area...
EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area that is now support. Prices moved higher towards 1.18 as expected but ended the day back below 1.1760. EUR/USD bulls need to break yesterday highs. Red line - neck line support Blue line - short-term support trend line Light blue dots - medium strength support Dark blue dots - maximum strength support Green line - horizontal support EUR/USD came back towards the broken...

EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area that is now support. Prices moved higher towards 1.18 as expected but ended the day back below 1.1760. EUR/USD bulls need to break yesterday highs.

analytics5ba9d6ae18ce5.png

Red line - neck line support

Blue line - short-term support trend line

Light blue dots - medium strength support

Dark blue dots - maximum strength support

Green line - horizontal support

EUR/USD came back towards the broken resistance now support for another back test. Price remains above the critical support of 1.17-1.1720. Bulls need to break above 1.1815 for this up move to continue towards 1.19. A break below 1.17 will be a bearish sign.

Forex analysis 25 Sep 2018, 04:36 UTC+00
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10 GBP/USD: plan for the US session on September 25. The bulls are resisting
Buyers of the pound kept the support level of 1.3098, which I paid attention to in my morning review and formed a...
To open long positions for GBP/USD, it is required: Buyers of the pound held the support level of 1.3098, which I paid attention to in my morning review and formed a false breakout on it, which was a signal to buy. Now their main goal is to break and consolidate above the resistance of 1.3164, where you can open long positions in the expectation of updating the high of 1.3215, where I recommend to lock in the profit. In case the pound drops in the second half of the day, or the unsuccessful...

To open long positions for GBP/USD, it is required:

Buyers of the pound held the support level of 1.3098, which I paid attention to in my morning review and formed a false breakout on it, which was a signal to buy. Now their main goal is to break and consolidate above the resistance of 1.3164, where you can open long positions in the expectation of updating the high of 1.3215, where I recommend to lock in the profit. In case the pound drops in the second half of the day, or the unsuccessful growth is above 1.3164, you can count on the renewed growth of the GBP/USD again from the support level of 1.3098.

To open short positions for GBP/USD, it is required:

Sellers will try to prevent the consolidation at the resistance level of 1.3164, and the formation of a false breakout there, as yesterday, will be a signal to sell the pound in order to return to the support area of 1.3098, where I recommend profit taking. If the growth in the GBP/USD pair continues above the resistance of 1.3164, it is best to return to the short positions on the rebound from the new high of 1.3215.

Indicator signals:

Moving averages

The 30-day average broke from the bottom to the top of the 50-day moving average, and the trade moved above the average, which indicates the continuation of the formation of an upward correction. The signal for pound sales is the return of the pair under 30 and 50 day average.

Bollinger Bands

Trade moved to the upper part of the channel, and the average band in the area of 1.3120 is a good level of support, where I recommend to open long positions in case of a decline in the pound in the afternoon.

analytics5baa2bf66689b.png

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
Forex analysis 25 Sep 2018, 20:41 UTC+00
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