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1 Trading recommendations for the GBPUSD currency pair - placement of trading orders (July 15)
By the end of the last trading week, the pound / dollar currency pair showed a low volatility of 59 points. As a...
By the end of the last trading week, the pound / dollar currency pair showed a low volatility of 59 points. As a result of which, it returned to the previously found resistance.From the point of view of technical analysis, we see that the amplitude process of 1.2500 / 1.2570 remains in the market, where the quotation is hidden within the upper limit, which reflects the point of the cluster from July 3-4. As written in the previous review, traders as much as possible recorded previously...

By the end of the last trading week, the pound / dollar currency pair showed a low volatility of 59 points. As a result of which, it returned to the previously found resistance.From the point of view of technical analysis, we see that the amplitude process of 1.2500 / 1.2570 remains in the market, where the quotation is hidden within the upper limit, which reflects the point of the cluster from July 3-4. As written in the previous review, traders as much as possible recorded previously open long positions. After which, they took a waiting position, tracking clear breakdowns of existing boundaries. Considering the trading chart in general terms (daily timeframe), we see that the downward trend persists in global terms, where the point of support is the range level of 1.2500.

The information and news background last Friday only contained data on producer prices in the United States, where they waited for a decline from 1.8% to 1.6%, and as a result, they received only almost unchanged 1.8% ---> 1.7%. Information background begins to revive again in anticipation of the verdict on elections in Britain. British Foreign Minister Jeremy Hunt believes that the failure of negotiations on the conclusion of a new agreement on the conditions for Britain to withdraw from the European Union will lead the kingdom to early parliamentary elections. He also stated in his appeal to one-party party: "I ask you to vote with your head, and not only with your heart. The wrong approach to the negotiations, will get the election, not Brexit. "

Today, in terms of the economic calendar, we do not have any solid data on Britain or the United States. Thus, it will only remain to observe the possible information background.

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Further development

Analyzing the current trading chart, we see that the quote fluctuates within 1.2570, forming a kind of slowdown. It is likely to assume that, theoretically, the preservation of fluctuations in a given framework is probably 1.2500 / 1.2570, but traders are more focused on their breakdown, thereby taking a waiting position. In a global review, a downward trend and short positions in it are considered by traders, but all in due time.

On the basis of the available information, it is possible to decompose a number of variations, let's specify them:

- Positions for the purchase, as written earlier, went to the process of fixation. Any further transactions will be considered after a clear fixation above the 1.2590 cluster.

- Positions for sale are considered in two versions: First, lower than 1.2550, with the prospect of 1.2520-1.2510; The second option, after a clear price fixation below 1.2500.

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Indicator Analysis

Analyzing a different sector of timeframes (TF), we see that indicators in the short and intraday perspective have upward interest against the background of the corrective movement. On the other hand, the medium-term perspective keeps the downward interest against the background of a general decline.

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

Measurement of volatility reflects the average daily fluctuation, based on monthly / quarterly / year.

(July 15 was based on the time of publication of the article)

The current time volatility is 24 points. It is likely to assume that the volatility will be clamped in the frame if the current amplitude is maintained. But in the case of the breakdown of existing boundaries, we can see an increase in volatility.

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Key levels

Zones of resistance: 1.2620; 1.2770 **; 1.2880 (1.2865-1.2880) *; 1.2920 * 1.3000 **; 1.3180 *; 1,3300

Support areas: 1.2500; 1.2430 *; 1.2350 **; 1.2100 **; 1.2000.

* Periodic level

** Range Level

*** The article is based on the principle of conducting a transaction, with daily adjustment

Forex analysis 15 Jul 2019, 07:59 UTC+00
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2 Forecast for EUR/USD on July 15, 2019
On July 15, the euro stays in a neutral position, as deteriorating sentiment grows
EUR/USD Last Friday, the euro repeated the story of Thursday - the euro tried to attack the savings range from July 2-4, but could not do it. On the daily scale chart, the price is above the balance line (red indicator) and above the MACD line (blue indicator) - this is a sign of growth, but the signal line of the leading Marlin oscillator is still in the zone of negative values and is currently turning down. Leaving prices below the MACD line (1.1245) would mean the completion of an...

EUR/USD

Last Friday, the euro repeated the story of Thursday - the euro tried to attack the savings range from July 2-4, but could not do it. On the daily scale chart, the price is above the balance line (red indicator) and above the MACD line (blue indicator) - this is a sign of growth, but the signal line of the leading Marlin oscillator is still in the zone of negative values and is currently turning down. Leaving prices below the MACD line (1.1245) would mean the completion of an upward correction and the euro's decline in the medium term.

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On the four-hour chart, the decline in the signal line of the oscillator is more pronounced. Here, the signal level of 1.1245 practically corresponds to the location of indicator lines. If the price goes below this level, the signal line of the Marlin oscillator will also be in the zone of negative numbers; it will create a signal to move to a nearest target of 1.1193 - the low of July 9th. Although in reality this level is not a target level, it is a signal level, the overcoming of which will become a condition for a further fall to a full-fledged target of 1.1155 - the Fibonacci level 110.0% on the daily chart and this is our main scenario.

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Forex analysis 15 Jul 2019, 04:04 UTC+00
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3 Weekly review of EUR / USD and GBP / USD pairs from 07.15.2019: Fictional hysteria
The dollar became cheaper and everyone blames representatives of the Federal Reserve System, who allegedly made loud...
Let's say, the dollar symbolically become cheaper by about fifty points at the end of last week, in relation to the single European currency and the pound. In many ways, the reason for this behavior lies in the actions of the Federal Reserve System. True, the matter is not in the statements of representatives of the Federal Commission on operations on the open market, to which, many of them write off everything. After all, Jerome Powell said nothing at all about the refinancing rate,...

Let's say, the dollar symbolically become cheaper by about fifty points at the end of last week, in relation to the single European currency and the pound. In many ways, the reason for this behavior lies in the actions of the Federal Reserve System. True, the matter is not in the statements of representatives of the Federal Commission on operations on the open market, to which, many of them write off everything. After all, Jerome Powell said nothing at all about the refinancing rate, except that the regulator must adhere to an adaptive approach to the conduct of monetary policy. Only Bullard explicitly stated during the upcoming meeting of the Federal Commission on Open Market Operation that he would vote for the rate cut but he didn't surprise anyone as last time. He voted for this decision. Also, the fact that the Federal Reserve will reduce the refinancing rate is not unexpected since this is what everyone began to prepare for immediately after the previous meeting. The content of the minutes of the meeting of the Federal Commission on open market operations was unexpected, as it says that the regulator will suspend the repurchase of assets in September. In other words, the scope of monetary policy easing will be somewhat larger than expected. But the funny thing is that the dollar fell sharply in a few hours, both before the speeches of representatives of the Federal Reserve System and the publication of the text of the minutes of the meeting of the Federal Commission on Open Market Operations. The mass agitation and misinformation of all the dogs were hanged on the unfortunate Jerome Powell but it seems that someone just knew the contents of the protocol text in advance. Moreover, the market was almost rooted to the spot during the speeches of Jerome Powell and James Bullard and at the time of publication of the text of the protocol.

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In theory, since the scale of easing of the monetary policy of the Federal Reserve System is expected to be somewhat larger, the dollar should have weakened much more. However, it received unexpected support from US macroeconomic statistics. On the one hand, inflation slowed down from 1.8% to 1.6%. This did not come as a surprise since it was exactly the result that investors had hoped for, that is, this fact was laid in advance in the value of the dollar. However, monthly inflation data showed not its immutability but a rise in price by 0.1%, which suggests that the slowdown in inflation is temporary. The data on producer prices confirms the assumption that the growth rates of which slowed down from 1.8% to 1.7%, then they waited for a slowdown to 1.6%. Yet, the data on the labor market is somewhat disappointing.

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After all, apart from the minutes of the meeting of the Federal Commission on Open Market Operations, the text of the minutes of the meeting of the Board of the European Central Bank was also published but did not present any surprises. Everything that was written in it, Mario Draghi announced during his press conference on the results of that same meeting. Let me remind you that back then, it was said that the refinancing rate would remain unchanged, "at least until mid-2020" (this is the wording of the protocol text), and the rate of prolongation of loans issued to banks during the quantitative easing program will be reduced. Although these are also measures to mitigate monetary policy, everyone has long been aware of them. In addition, the growth of the single European currency was restrained by industrial production data and the decline of which increased from -0.4% to -0.5%.

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If we talk about the pound, then it really had to go up. Unlike in Europe, the decline in industrial production was replaced by an increase from -1.1% to + 0.9%. But as in the case of the single European currency, its growth was restrained by relatively good American statistics, as well as weak macroeconomic data from the Old World.

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Of course, recalling the hysteria that representatives of the Federal Reserve System allegedly weakened the dollar, I want to draw attention to the upcoming speeches of Jerome Powell and James Bullard. However, hey didn't say anything last week either. Moreover, the closer the meeting of the Federal Commission on Open Market Operations, the less loud statements will be made. But on Tuesday there are extremely important macroeconomic data, particularly retail sales. The growth rate of which can accelerate from 2.9% to 3.0%, which to a certain extent levels the negative due to the slowdown in inflation. Moreover, there are serious reasons to believe that this is temporary. True, optimism will be restrained by data on industrial production but its growth rate may slow down from 2.0% to 1.7%.

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However, the European statistics, especially against the background of the American one, looks rather weak. The main news will be data on inflation, which should remain unchanged at a rather low level of 1.2%. In addition, the growth rate of the construction industry should slow down from 3.9% to 2.4%. So, there is no reason for optimism about a single European currency. and the single European currency has every chance to decline to 1.1200.

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The situation is somewhat different in the UK, as there is a little more macroeconomic data and forecasts for them are rather optimistic. However, the average wage growth rate, excluding bonuses, can accelerate from 3.4% to 3.5% and the number of applications for unemployment benefits should decrease from 23.2 thousand to 18.9 thousand. Moreover, the growth rate of retail sales is likely to accelerate from 2.3% to 2.6%, which slightly flattens a slight disappointment because of the immutability of inflation. The data for which are to be released a day before the publication of retail sales data. In other words, the pound has the opportunity to strengthen its position against the dollar and the forecast looks like 1.2625.

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Forex analysis 15 Jul 2019, 09:29 UTC+00
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4 Forecast for GBP/USD on July 15, 2019
The pound sterling shows the first signs of the end of an upward correction on July
GBP/USD The pound sterling rose by 52 points on Friday, the Marlin oscillator signal line on the daily chart reached the boundary with the growth zone and currently shows the intention to turn from it. Overcoming the signal level of 1.2604 will make it possible for the price to move higher to the price channel line, approximately to the level of 1.2665, to which the MACD line also seeks. On the four-hour chart with the Marlin oscillator, the initial stage of a divergence is...

GBP/USD

The pound sterling rose by 52 points on Friday, the Marlin oscillator signal line on the daily chart reached the boundary with the growth zone and currently shows the intention to turn from it. Overcoming the signal level of 1.2604 will make it possible for the price to move higher to the price channel line, approximately to the level of 1.2665, to which the MACD line also seeks.

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On the four-hour chart with the Marlin oscillator, the initial stage of a divergence is formed - the reversal formation. Leaving prices under the MACD line (1.2515) will be a sign that the price will further withdraw below the signal level of 1.2480 (July 5 low), overcoming of which opens the way for a fall to support the embedded line of the 1.2296 (daily) price channel.

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Forex analysis 15 Jul 2019, 04:04 UTC+00
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5 Trading recommendations for the EURUSD currency pair - placement of trading orders (July 15)
By the end of the last trading week, the euro / dollar currency pair showed low volatility of 36 points. As a result,...
By the end of the last trading week, the euro / dollar currency pair showed a low volatility of 36 points. As a result, the quote stood, strictly speaking, in one place. From the point of view of technical analysis, we see that the corrective movement from the level of 1.1180 led to the fact that in the area of the mark of 1.1280, we felt resistance, forming a bumpy 1.1245 / 1.1280. As discussed in the previous review, traders who had long positions and worked on the current corrective...

By the end of the last trading week, the euro / dollar currency pair showed a low volatility of 36 points. As a result, the quote stood, strictly speaking, in one place. From the point of view of technical analysis, we see that the corrective movement from the level of 1.1180 led to the fact that in the area of the mark of 1.1280, we felt resistance, forming a bumpy 1.1245 / 1.1280. As discussed in the previous review, traders who had long positions and worked on the current corrective course went into the stage of fixing the profit, waiting for the breakdown of the existing boundaries. Considering the trading chart in general terms, we see that the clock rate develops in terms of a global downward trend, where the focus of traders is two points: the periodic supports 1.1180 and the fulcrum of the current year 1.1100.

The news background on Friday had data on industrial production in Europe, where the recession was expected a deepening decline from -0.4% to -1.6%, and as a result, it was, but slightly less than -0.5%, but the picture didn't change at all. The United States released data on producer prices where people were waiting for a decline from 1.8% to 1.6%, and as a result, they received it, only almost unchanged, 1.8% ---> 1.7%.

Today, in terms of the economic calendar, we do not have any solid data for Europe or the United States, thus it remains necessary to observe the possible information background.

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Further development

Analyzing the current trading chart, we see that the fluctuation within the range of 1.1245 / 1.1280 persists in the market, where the quotation develops near the upper border. It is likely to assume that the movement within the given framework will continue, where traders carefully analyze the existing boundaries for breakdown for the further placement of orders.

Based on the available information, it is possible to decompose a number of variations, let's consider:

- Positions for purchase are considered in case of price fixing higher than 1.1290.

- Sell positions will be considered in the case of price fixing lower than 1.1240, with the prospect of a movement to 1,1200-1,1180.

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Indicator Analysis

Analyzing a different sector of timeframes (TF), we see that indicators in the short and intraday perspective have upward interest against the background of the correction. The medium-term perspective has changed indicators from a downward mood to a neutral one.

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

Measurement of volatility reflects the average daily fluctuation, based on monthly / quarterly / year.

(July 15 was based on the time of publication of the article)

The current time volatility is 19 points. It is likely to assume that in the event of continued fluctuations within the given framework, the volatility will remain low. Break of current stagnation can lead to increased volatility.

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Key levels

Zones of resistance: 1.1300 **; 1.1450; 1.1550; 1.1650 *; 1.1720 **; 1.1850 **; 1.2100

Support areas: 1.1180 *; 1.1112; 1.1080 *; 1.1000 ***; 1,0850 **

* Periodic level

** Range Level

*** Psychological level

**** The article is based on the principle of conducting a transaction, with daily adjustment.

Forex analysis 15 Jul 2019, 09:18 UTC+00
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6 Fractal analysis of major currency pairs on July 15
Dear colleagues. For the euro / dollar pair, the upward structure development is expected after the breakdown of the...
Forecast for July 15: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1363, 1.1336, 1.1317, 1.1291, 1.1257, 1.1240, 1.1218, 1.1191 and 1.1155. Here, the price forms the ascending structure of July 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.1291. In this case, the goal is 1.1317. Short-term upward movement, as well as consolidation is in the range of 1.1317 -...

Forecast for July 15:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1363, 1.1336, 1.1317, 1.1291, 1.1257, 1.1240, 1.1218, 1.1191 and 1.1155. Here, the price forms the ascending structure of July 9. The continuation of the movement to the top is expected after the breakdown of the level of 1.1291. In this case, the goal is 1.1317. Short-term upward movement, as well as consolidation is in the range of 1.1317 - 1.1336. For the potential value for the top, we consider the level of 1.1363. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.1257 - 1.1240. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1218. This level is a key support for the downward structure. Its breakdown will allow to count on the movement to the level of 1.1191.

The main trend is the formation of the ascending structure of July 9.

Trading recommendations:

Buy 1.1291 Take profit: 1.1317

Buy 1.1336 Take profit: 1.1360

Sell: 1.1256 Take profit: 1.1241

Sell: 1.1238 Take profit: 1.1218

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2652, 1.2633, 1.2603, 1.2580, 1.2539, 1.2514, 1.2480 and 1.2438. Here, we are following the development of the ascending structure of July 10. Short-term upward movement is possible in the range of 1.2580 - 1.2603. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 1.2633. For the potential value for the top, we consider the level of 1.2652. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Consolidated movement is expected in the range of 1.2539 - 1.2514. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2480. This level is a key support for the upward structure.

The main trend - the ascending structure of July 10.

Trading recommendations:

Buy: 1.2580 Take profit: 1.2602

Buy: 1.2604 Take profit: 1.2633

Sell: 1.2539 Take profit: 1.2515

Sell: 1.2512 Take profit: 1.2482

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For the dollar / franc pair, the key levels on the H1 scale are: 0.9952, 0.9902, 0.9881, 0.9841, 0.9820, 0.9797 and 0.9779. Here, we are following the development of the downward structure of July 9th. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9841. In this case, the goal is 0.9820. The breakdown of which, in turn, will allow us to count on the movement to 0.9797. For the potential value for the downward trend, we consider the level of 0.9779. Upon reaching this level, we expect a rollback to the correction.

Consolidated movement is possible in the range of 0.9902 - 0.9881. The breakdown of the latter value will have to form the initial conditions for the upward cycle. Here, the potential target is 0.9952.

The main trend - the formation of a downward structure of July 9.

Trading recommendations:

Buy : 0.9881 Take profit: 0.9902

Buy : 0.9910 Take profit: 0.9950

Sell: 0.9840 Take profit: 0.9822

Sell: 0.9818 Take profit: 0.9797

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For the dollar / yen pair, the key levels on the scale are : 108.99, 108.70, 108.42, 108.26, 107.78, 107.58, 107.41, 106.98 and 106.68. Here, we are following the downward structure of July 10th. The continuation of the movement to the bottom is expected after the breakdown of the level of 107.78. Here, the goal is 107.58, and near this level is a price consolidation. The passage of the price at the noise range 107.58 - 107.41 will lead to the development of a pronounced movement. In this case, the goal is 106.98. For the potential value for the bottom, we consider the level of 106.68, from which we expect a rollback to the top.

Short-term upward movement is possible in the range of 108.26 - 108.42. The breakdown of the last value will lead to a prolonged correction. Here, the target is 108.70. This level is a key support for the top.

The main trend: the formation of a downward structure of July 10.

Trading recommendations:

Buy: 108.26 Take profit: 108.40

Buy : 108.43 Take profit: 108.70

Sell: 107.78 Take profit: 107.58

Sell: 107.40 Take profit: 107.00

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3105, 1.3090, 1.3063, 1.3048, 1.3016, 1.3001, 1.2964 and 1.2937. Here, we are following the development of the downward structure of July 9th. The continuation of the movement to the bottom is expected after the price passes the noise range 1.3016 - 1.3001. In this case, the target is 1.2964. For the potential value for the bottom, we consider the level of 1.2937. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.3048 - 1.3063. The breakdown of the latter value will lead to a deep correction. Here, the target is 1.3090. The range of 1.3090 - 1.3105 is a key support for the downward structure of July 9.

The main trend - the downward structure of July 9.

Trading recommendations:

Buy: 1.3048 Take profit: 1.3062

Buy : 1.3065 Take profit: 1.3090

Sell: 1.3000 Take profit: 1.2965

Sell: 1.2962 Take profit: 1.2938

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.7091, 0.7063, 0.7050, 0.7028, 0.7004, 0.6991 and 0.6970. Here, we are following the development of the ascending structure of July 10. The continuation of the movement to the top is expected after the breakdown of the level of 0.7028. In this case, the goal is 0.7050. Price consolidation is in the range of 0.7050 - 0.7063. For the potential value for the top, we consider the level of 0.7091. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 0.7004 - 0.6991. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 0.6970. This level is a key support for the upward structure.

The main trend - the ascending structure of July 10.

Trading recommendations:

Buy: 0.7028 Take profit: 0.7050

Buy: 0.7065 Take profit: 0.7090

Sell : 0.7004 Take profit : 0.6993

Sell: 0.6989 Take profit: 0.6970

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For the euro / yen pair, the key levels on the H1 scale are: 122.28, 121.89, 121.67, 121.41, 121.22, 120.92 and 120.48. Here, the price entered an equilibrium state: a mid-term descending structure of July 1. The continuation of the movement to the bottom is expected after passing by the price of the noise range 121.41 - 121.22. In this case, the goal is 120.92, and near this level, there is consolidation. For the potential value for the bottom, we consider the level of 120.48. After reaching which, we expect a rollback to the top.

Consolidated movement is possible in the range of 121.89 - 122.28. The level of 122.28 is a key support for the downward structure. Its price passage will have to form the initial conditions for the upward cycle.

The main trend is the mid-term descending structure of July 1, the equilibrium state.

Trading recommendations:

Buy: Take profit:

Buy: 121.94 Take profit: 122.28

Sell: 121.22 Take profit: 120.94

Sell: 120.90 Take profit: 120.50

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For the pound / yen pair, the key levels on the H1 scale are : 136.31, 135.87, 135.65, 135.24, 134.99 and 134.50. Here, the price forms a small potential for the top of July 11. The development of this structure is possible after the breakdown of the level of 136.31. Short-term downward movement is expected in the range of 135.24 - 134.99. The breakdown of the last value will allow us to expect movement towards a potential target - 134.50. After reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in the range of 135.87 - 136.31, up to the level of 136.31. We expect the potential for the upward cycle to be formalized.

The main trend is the downward cycle of July 1, the stage of correction.

Trading recommendations:

Buy: Take profit:

Buy: 135.90 Take profit: 136.30

Sell: 135.24 Take profit: 135.00

Sell: 134.95 Take profit: 134.50

Forex analysis 15 Jul 2019, 02:04 UTC+00
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7 Burning forecast 07/15/2019 EURUSD and trading recommendation
The euro keeps growing
US inflation data was released at the end of last week, which showed growth above the forecast, as we tried to play for the dollar's growth. A strong report on employment in June that previously came out was also in favor of the dollar. However, the Fed's willingness to lower the rate outweighs - the dollar is not significantly strengthened. EURUSD: euro holds growth. We assume that the euro will face a new wave of growth. From the point of view of technical analysis, you...

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US inflation data was released at the end of last week, which showed growth above the forecast, as we tried to play for the dollar's growth. A strong report on employment in June that previously came out was also in favor of the dollar. However, the Fed's willingness to lower the rate outweighs - the dollar is not significantly strengthened.

EURUSD: euro holds growth.

We assume that the euro will face a new wave of growth.

From the point of view of technical analysis, you can buy from 1.1285 and further to break 1.1325

The alternative is when you turn down selling from 1.1180.

Forex analysis 15 Jul 2019, 05:45 UTC+00
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8 Technical analysis of BTC/USD for 15/07/2019:
The key technical support has been hit
Crypto Industry News: Donald J. Trump, in his first public comments on the cryptocurrency since becoming President of the United States, wrote on Twitter that he "is not a fan" of cryptocurrencies, adding that they are not money and referred to their volatility in relation to the dollar. Trump also criticized the cryptocurrency project on Facebook - Libra - in subsequent tweets, saying that "it will have a small position or reliability" and suggests that US regulators will subject the...

Crypto Industry News:

Donald J. Trump, in his first public comments on the cryptocurrency since becoming President of the United States, wrote on Twitter that he "is not a fan" of cryptocurrencies, adding that they are not money and referred to their volatility in relation to the dollar.

Trump also criticized the cryptocurrency project on Facebook - Libra - in subsequent tweets, saying that "it will have a small position or reliability" and suggests that US regulators will subject the social media giant to regulation:

"If Facebook and other companies want to become a bank, they must apply for a new bank card and become the subject of all bank regulations, just like other banks, both domestic [...] and international." - he said.

US regulators and legislators have drawn attention to Libra - both the US Senate's banking committee and the financial services planning committee are holding hearings next week with the chairman of Blockchain on Facebook, David Marcus.

The Senate committee had previously expressed concerns about Facebook's history regarding user data and privacy by writing an open letter to the company in May. Marcus responded to the letter earlier this week, telling lawmakers that Facebook did not collect any personal financial data himself.

Technical Market Overview:

The BTC/USD pair has hit the key technical support at the level of $9,826 on its way to the south. There is only one more technical support, located at the level of $9,672 that could hold the move down. From the Elliott wave theory point of view, the move down is still in three waves, which is typical for the correction and the last leg of it has been labeled as wave Y. It means, the corrective cycle WXY might have been completed, so it is worth to wait for the market to confirm the bottom is in the place.

Weekly Pivot Points:

WR3 - $14,838

WR2 - $13,876

WR1 - $11,942

Weekly Pivot - $11,071

WS1 - $9,127

WS2 - $8,276

WS3 - $6,180

Trading recommendations:

The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still up. All the shorter timeframe moves are being treated as a correction inside of the uptrend. The larger degree WXY correction might have been completed and the market might be ready for another impulsive wave up.

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Forex analysis 15 Jul 2019, 06:04 UTC+00
Relevance Relevance: up to 16.07.19 - 06:00 UTC+00
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9 Technical analysis of EUR/USD for 15/07/2019:
The bulls are trying to get back to the channel zone
Technical Market Overview: The EUR/USD pair has bounced from the level of 1.1193 and tested the first technical resistance located at the level of 1.1269. The local high was made at the level of 1.1285, but the bulls are not trying enough to continue the rally. Instead, the price wants to get back into the channel zone in order to test another technical resistance located at the level of 1.1311. The market conditions are now overbought, but the momentum remains positive, so there is still a...

Technical Market Overview:

The EUR/USD pair has bounced from the level of 1.1193 and tested the first technical resistance located at the level of 1.1269. The local high was made at the level of 1.1285, but the bulls are not trying enough to continue the rally. Instead, the price wants to get back into the channel zone in order to test another technical resistance located at the level of 1.1311. The market conditions are now overbought, but the momentum remains positive, so there is still a chance for a rally. The nearest technical support is seen at the level of 1.1224.

Weekly Pivot Points:

WR3 - 1.1406

WR2 - 1.1342

WR1 - 1.1312

Weekly Pivot - 1.1251

WS1 - 1.1222

WS2 - 1.1157

WS3 - 1.1125

Trading recommendations:

The best strategy for the current market conditions is to buy the corrections in anticipation of the uptrend to resume. This strategy is valid as long as the level of 1.1181 is clearly violated. The larget time frame trend is still down, but there are signs of the trend reversal and the Ending Diagonal breakout to the upside.

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Forex analysis 15 Jul 2019, 05:52 UTC+00
Relevance Relevance: up to 16.07.19 - 05:00 UTC+00
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10 Elliott wave analysis of GBP/JPY for July 15, 2019
We continue to look for a breakout above resistance at 136.06 and, more importantly, a breakout above resistance at...
We continue to look for a breakout above resistance at 136.06 and, more importantly, a breakout above resistance at 136.26 to confirm that a firm bottom has been found at 135.08 and a new impulsive rally is developing for a rally towards 137.79 and above. Only an unexpected breakout below support at 135.05 will reinstate the 134.50 target to complete the wave 2. R3: 136.78 R2: 136.22 R1: 135.98 Pivot: 135.65 S1: 135.44 S2: 135.20 S3: 135.05 Trading recommendation: We are long...

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We continue to look for a breakout above resistance at 136.06 and, more importantly, a breakout above resistance at 136.26 to confirm that a firm bottom has been found at 135.08 and a new impulsive rally is developing for a rally towards 137.79 and above.

Only an unexpected breakout below support at 135.05 will reinstate the 134.50 target to complete the wave 2.

R3: 136.78

R2: 136.22

R1: 135.98

Pivot: 135.65

S1: 135.44

S2: 135.20

S3: 135.05

Trading recommendation:

We are long GBP from 135.75 with our stop placed at 135.00.

Forex analysis 15 Jul 2019, 05:05 UTC+00
Relevance Relevance: up to 16.07.19 - 05:00 UTC+00
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