InstaForex InstaForex
move up
move down
move to top
Top-10 articles per day
1 Elliott wave analysis of EUR/NZD for September 25, 2018
EUR/NZD is showing signs of re-entering the uptrend towards 1.8030 and above it towards 1.8369. In the short term, a...
EUR/NZD is showing signs of re-entering the uptrend towards 1.8030 and above it towards 1.8369. In the short term, a break above minor resistance at 1.7732 will be the first solid indication that the correction in red wave iv has completed and red wave v towards at least 1.8030 is developing. Only an unexpected break back below minor support at 1.7536 will prolong the correction in red wave iv, but the potential downside should remain very limited. R3: 1.7823 R2: 1.7783 R1: 1.7732 ...

analytics5ba9aa1346a2d.png

EUR/NZD is showing signs of re-entering the uptrend towards 1.8030 and above it towards 1.8369. In the short term, a break above minor resistance at 1.7732 will be the first solid indication that the correction in red wave iv has completed and red wave v towards at least 1.8030 is developing.

Only an unexpected break back below minor support at 1.7536 will prolong the correction in red wave iv, but the potential downside should remain very limited.

R3: 1.7823

R2: 1.7783

R1: 1.7732

Pivot: 1.7651

S1: 1.7626

S2: 1.7585

S3: 1.7536

Trading recommendation:

We are long EUR from 1.7615 with our stop placed at 1.7515. If you are not long EUR yet, then buy upon a break above 1.7732 and use the same stop at 1.7515.

Forex analysis 25 Sep 2018, 01:26 UTC+00
Close Expand on this page Go to article
2 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
Close Expand on this page Go to article
3 EUR/USD. September 24. Results of the day. Donald Trump killed two birds with one stone
The first trading day of the week was quite active. The euro updated Friday's high, intending to continue the uptrend
4-hour timeframe The amplitude of the last 5 days (high-low): 80P – 73p – 65p – 116p – 70p. The average amplitude over the last 5 days: 81p (87p). The first trading day of the week was quite active. The euro updated Friday's high, intending to continue the uptrend. On this day, trade duties totalling $200 billion against China came into effect. And a similar duty against the US in the amount of $60 billion. The markets reacted by selling the dollar. Thus, we can once again state...

4-hour timeframe

dfmIbzAQl_5RAr2HuCuZuktjGcwwXIDQBLZ7wd-t

The amplitude of the last 5 days (high-low): 80P – 73p – 65p – 116p – 70p.

The average amplitude over the last 5 days: 81p (87p).

The first trading day of the week was quite active. The euro updated Friday's high, intending to continue the uptrend. On this day, trade duties totalling $200 billion against China came into effect. And a similar duty against the US in the amount of $60 billion. The markets reacted by selling the dollar. Thus, we can once again state that Trump killed two birds with one stone at the same time. The dollar is declining, tariffs against China are being introduced. And this is not the limit. It is expected that the US leader will introduce a third package of duties on the remaining share of imports from China, which is about 267 billion dollars. If a month ago it was possible to expect the strengthening of the US currency on such news, now the dollar is more likely to fall. One way or another, as technical indicators continue to signal upward movement. Therefore, there are no compelling reasons to open short positions at the moment. Even if the market reacts to this or that news with purchases of the US dollar, it will be no more than a correction. Macroeconomic reports were not published on Monday. By the way, the price also bounced off the critical Kijun-sen line, which is a buy signal. This week there will be a meeting of the Federal Reserve, and the main issue of this event is the question of raising the key rate. Recall that Trump has already criticized Powell for too rapid tightening of monetary policy. However, the Fed is beyond Trump's control, so the question is, will Powell meet the US President?

Trading recommendations:

For the EUR/USD, the correction ended near the Kijun-sen line. Thus, it is now recommended to trade on the increase with the first target of 1.1829, and then – to 1.1874.

It is recommended to consider sell orders only below the critical line. In this case, the "golden cross" will be weakened, and the trend will be able to change to a downward one. The first target for the downward movement is 1.1644.

In addition to the technical picture, fundamental data and the timing of their release should also be taken into account.

Explanation of illustration:

Ichimoku Indicator:

Tenkan-sen – red line.

Kijun-sen – blue line.

Senkou span a – light brown dotted line.

Senkou span B – light purple dotted line.

Chikou span – green line.

Bollinger Bands Indicator:

3 yellow lines.

MACD:

Red line and histogram with white bars in the indicator window.

Forex analysis 24 Sep 2018, 23:31 UTC+00
Close Expand on this page Go to article
4 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

analytics5ba9d58a64556.png

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

analytics5ba9d593148a2.png

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
Close Expand on this page Go to article
5 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
Close Expand on this page Go to article
6 Technical analysis: intraday levels For EUR/USD, Sept 25, 2018
When the European market opens some economic data will be released such as German WPI m/m.
When the European market opens, some economic data will be released such as German WPI m/m. The US will also deliver some economic news such as the Richmond Manufacturing Index, CB Consumer Confidence, S&P/CSComposite-20 HPI y/y, and HPI m/m. So, amid the reports EUR/USD will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1811 Strong Resistance:1.1804 Original Resistance: 1.1793 Inner Sell Area: 1.1782 Target Inner Area:...

analytics5ba9a596e5382.jpg

When the European market opens, some economic data will be released such as German WPI m/m. The US will also deliver some economic news such as the Richmond Manufacturing Index, CB Consumer Confidence, S&P/CSComposite-20 HPI y/y, and HPI m/m. So, amid the reports EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1811

Strong Resistance:1.1804

Original Resistance: 1.1793

Inner Sell Area: 1.1782

Target Inner Area: 1.1754

Inner Buy Area: 1.1726

Original Support: 1.1715

Strong Support: 1.1704

Breakout SELL Level: 1.1697

Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.

Forex analysis 25 Sep 2018, 01:04 UTC+00
Close Expand on this page Go to article
7 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.

analytics5ba9ca678e6da.jpg

Forex analysis 25 Sep 2018, 03:41 UTC+00
Close Expand on this page Go to article
8 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
Close Expand on this page Go to article
9 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

analytics5baa1c0a9cca0.png

Forex analysis 25 Sep 2018, 09:29 UTC+00
Close Expand on this page Go to article
10 AUD/USD approaching support, prepare for a bounce
AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal...
AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to the resistance at 0.7296 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur. AUDUSD is approaching its support where we expect to see a bounce. Buy above 0.7242. Set stop loss at 0.7213 and take profit at 0.7296.

AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to the resistance at 0.7296 (horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.

AUDUSD is approaching its support where we expect to see a bounce.

Buy above 0.7242. Set stop loss at 0.7213 and take profit at 0.7296.

analytics5ba9a28961b34.png

Forex analysis 25 Sep 2018, 00:51 UTC+00
Close Expand on this page Go to article
Popular forum posts per day
Traders' positions
Forex TV
Facebook
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit
Earn up to
$50000
for inviting friends to get StartUp Bonus from InstaForex
No investments required!