InstaForex InstaForex
move up
move down
move to top
Top-10 articles per day
Ichimoku cloud indicator analysis of Gold for July 16, 2018
The Gold price is diverging. The price remains in a bearish trend. A bounce to $1,290 is justified but we cannot rule...
The Gold price is diverging. The price remains in a bearish trend. A bounce to $1,290 is justified but we cannot rule out a move to $1,200-$1,210 if $1,235-37 fails to hold. Blue lines - pitchforkRed line - RSI SupportThe Gold price is still below the 4-hour Kumo (cloud). The trend is bearish. The price is making lower lows and lower highs but not the RSI. The RSI respects its support trend line. This bullish divergence will eventually break to the upside. Bounce target and major resistance...

The Gold price is diverging. The price remains in a bearish trend. A bounce to $1,290 is justified but we cannot rule out a move to $1,200-$1,210 if $1,235-37 fails to hold.

analytics5b4c3de945289.png

Blue lines - pitchfork

Red line - RSI Support

The Gold price is still below the 4-hour Kumo (cloud). The trend is bearish. The price is making lower lows and lower highs but not the RSI. The RSI respects its support trend line. This bullish divergence will eventually break to the upside. Bounce target and major resistance is at $1,280-90. Short-term resistance is at $1,247-$1,252 area. A break above this level will open the way for our $1,290 target. Bulls will need to be more constructive in order for the bullish scenario to $1,400 to be accomplished.

Forex analysis 16 Jul 2018, 04:43 UTC+00
Close Expand on this page Go to article
Technical analysis: Intraday level for USD/JPY, July 16, 2018
In Asia, today Japan will not release any Economic Data.
In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.TODAY'S TECHNICAL LEVEL:Resistance. 3: 113.10.Resistance. 2: 112.87.Resistance. 1: 112.66.Support. 1: 112.38.Support. 2: 112.16.Support. 3: 111.94.Disclaimer: Trading Forex (foreign...

analytics5b4c23facbca9.jpg

In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 113.10.

Resistance. 2: 112.87.

Resistance. 1: 112.66.

Support. 1: 112.38.

Support. 2: 112.16.

Support. 3: 111.94.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level 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 carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Forex analysis 16 Jul 2018, 02:50 UTC+00
Close Expand on this page Go to article
Ichimoku cloud indicator analysis of EUR/USD for July 16, 2018
The EUR/USD got rejected last week at the daily cloud resistance and pushed lower towards 1.16. Friday's daily candle...
The EUR/USD got rejected last week at the daily cloud resistance and pushed lower towards 1.16. Friday's daily candle was a bullish reversal hammer candlestick pattern. If prices continue higher this week we could have a couple of weeks with EURUSD strength that could push the price to 1.19.Red line - short-term support trend lineBlue line - critical supportEUR/USD has resistance at 1.17-1.1760. As long as price is below this area we should expect EUR/USD to move lower. Support is at...

The EUR/USD got rejected last week at the daily cloud resistance and pushed lower towards 1.16. Friday's daily candle was a bullish reversal hammer candlestick pattern. If prices continue higher this week we could have a couple of weeks with EURUSD strength that could push the price to 1.19.

analytics5b4c3f9062afb.png

Red line - short-term support trend line

Blue line - critical support

EUR/USD has resistance at 1.17-1.1760. As long as price is below this area we should expect EUR/USD to move lower. Support is at 1.1625-1.1615. Breaking below this level will open the way for a move towards the 1.15 support. If bulls manage to close price above 1.1760 we could see a push higher towards 1.1850-1.19.

Forex analysis 16 Jul 2018, 05:00 UTC+00
Close Expand on this page Go to article
Trading plan for 16/07/2018
A quiet beginning of the week; Chinese data do not surprise.
The absence of investors from Japan has dampened activity on the currency market, but overall there is a slightly better climate for risk currencies. Data from China have better and worse sides, which also did not give rise to volatility. The stock market grew slightly.The weekend was also calm for events, so investors enter the new week in observation mode. The US Dollar loses slightly, giving away fields to risky currencies - a form of rebounding trends from the previous week. NZD / USD has...

The absence of investors from Japan has dampened activity on the currency market, but overall there is a slightly better climate for risk currencies. Data from China have better and worse sides, which also did not give rise to volatility. The stock market grew slightly.

The weekend was also calm for events, so investors enter the new week in observation mode. The US Dollar loses slightly, giving away fields to risky currencies - a form of rebounding trends from the previous week. NZD / USD has the highest reflection of 0.6780. In the range are still USD / JPY (112.40) and EUR / USD (1.17).

The stock market in the region is weaker today, probably due to Chinese data not encouraging to increase. Shanghai Composite is losing 0.8% and Hang Seng is down 0.4%.

China's GDP in the second quarter increased by 6.7 percent y/y, as expected. June retail sales increased by 9.0% y/y with a forecast of 8.8%, but industrial production fell less - 6.0% while the market participants expected 6.5%.

On Monday the 16th of July, the event calendar is light in important data releases, but the global investors should keep an eye on US data: Retail Sales, Business Inventories and NY Fed Empire State manufacturing index.

EUR/USD analysis for 16/07/2018:

The lack of new information in the subject of trade wars is good news and risky assets are trying to create the strength for correction. Concerns about escalation, however, are still present in the background and there is little need to disturb the peace. The market received some time to digest the latest White House news about the new import tariffs for Chinese goods worth USD 200 billion. The Chinese side continues to withhold the official response and this has helped stabilize the yuan exchange rate, and also gave reason to rebound the Shanghai stock exchange. Behind the signals from China, the investment climate is warming in the wider market, although the reaction is moderate. On the other hand, it is well known to everyone that the last word in the commercial zone has not been said and we remain at risk of unexpected information until the US and China successfully complete trade negotiations. For now, however, they do not even sit at the common table, which promises that these summer holidays will not be a boring period of time as it usually is.

Let's now take a look at the EUR/USD technical picture at the H4 time frame. The price has retraced 61% of the previous swing up and has bounced from the level of 1.1615. Currently, the bulls are trying to test the short-term trend line resistance around the level of 1.1715-1.1719, but so far no avail. Nevertheless, the oversold market conditions and positive momentum are supporting the short-term bullish outlook. The next technical resistance is seen at the level of 1.1719 - 1.1726 and then higher at 1.1758.

analytics5b4c458c1109c.jpg

Forex analysis 16 Jul 2018, 05:13 UTC+00
Close Expand on this page Go to article
Analysis of Gold for July 16, 2018
Bearish flag in creation. My advice is to watch for a potential breakout of the bearish flag pattern to confirm...
Recently, Gold has been trading sideways at the price of $1,243.30. According to the H1 time - frame, I found a breakout of the bearish flag in the background, which is a sign that sellers are in control. Anyway, most recently there is an intraday upward channel in creation. My advice is to watch for a potential breakout of the channel to confirm a downward movement. The downward targets are set at the price of $1,239.00 and at the price of $1,236.15.Resistance levels: R1: $1,242.00R2:...

analytics5b4c6e9b2b35d.png

Recently, Gold has been trading sideways at the price of $1,243.30. According to the H1 time - frame, I found a breakout of the bearish flag in the background, which is a sign that sellers are in control. Anyway, most recently there is an intraday upward channel in creation. My advice is to watch for a potential breakout of the channel to confirm a downward movement. The downward targets are set at the price of $1,239.00 and at the price of $1,236.15.

Resistance levels: R1: $1,242.00R2: $1,243.00R3: $1,243.50

Support levels: S1: $1,240.45S2: $1,239.90S3: $1,239.00

Trading recommendations for today: watch for potential selling opportunities.

Forex analysis 16 Jul 2018, 08:09 UTC+00
Close Expand on this page Go to article
Technical analysis: Intraday Level For EUR/USD, July 16, 2018
When the European market opens, some Economic Data will be released.
When the European market opens, some Economic Data will be released such as Trade Balance and Italian Trade Balance. The US will release the Economic Data too, such as Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY'S TECHNICAL LEVEL:Breakout BUY Level: 1.1735.Strong Resistance:1.1728.Original Resistance: 1.1717.Inner Sell Area: 1.1706.Target...

analytics5b4c2466c255e.jpg

When the European market opens, some Economic Data will be released such as Trade Balance and Italian Trade Balance. The US will release the Economic Data too, such as Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1735.

Strong Resistance:1.1728.

Original Resistance: 1.1717.

Inner Sell Area: 1.1706.

Target Inner Area: 1.1678.

Inner Buy Area: 1.1650.

Original Support: 1.1639.

Strong Support: 1.1628.

Breakout SELL Level: 1.1621.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level 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 carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Forex analysis 16 Jul 2018, 02:52 UTC+00
Close Expand on this page Go to article
Weekly review from 16 to 21 July 2018 on the EUR/USD pair
On the weekly chart, the price, moving in the side channel, tested the support line of the upward channel of 1 1614...
Trend analysis (Figure 1).Next week, the market may begin to move up, with the first target of 1.1756 - a pullback level of 23.6% (blue dotted line). However, the candlestick analysis gives the bottom job (harami). Let's turn to the indicator analysis.Fig. 2 (weekly chart).Complex analysis:- Indicator analysis - up;- Fibonacci levels - up (blue dotted line);- volumes - upwards;- candle analysis - down;- trend analysis - up;- Bollinger bands - up;- monthly graph - up.The conclusion of the...

Trend analysis (Figure 1).

Next week, the market may begin to move up, with the first target of 1.1756 - a pullback level of 23.6% (blue dotted line). However, the candlestick analysis gives the bottom job (harami). Let's turn to the indicator analysis.

eurusd-w1-instaforex-companies-group.png

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up (blue dotted line);

- volumes - upwards;

- candle analysis - down;

- trend analysis - up;

- Bollinger bands - up;

- monthly graph - up.

The conclusion of the complex analysis is upwards.

The overall result of the calculation of the candles of the EUR/USD currency pair on the weekly chart: the price in the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the absence of the second upper shadow.

The first upper target is 1.1756-the pull-back level of 23.6% (blue dotted line).

Forex analysis 15 Jul 2018, 22:18 UTC+00
Close Expand on this page Go to article
GBP/USD analysis for July 16, 2018
Broken supply trendline in the background. My advice is to watch for potential buying opportunities. The upward...
Recently, GBP/USD has been trading upwards. The price tested the level of 1.3265. According to the H4 time - frame, I found a breakout of the supply trendline in the background, which is a sign that selling looks risky. I also found potential completion of the downwrad corrective phase (abc). My advice is to watch for potential buying opportunities on the dips. The upward target is set at the price of 1.3360.Resistance levels: R1: 1.3240R2: 1.3250R3: 1.3265Support levels: S1: 1.3215S2:...

analytics5b4c6bd524218.png

Recently, GBP/USD has been trading upwards. The price tested the level of 1.3265. According to the H4 time - frame, I found a breakout of the supply trendline in the background, which is a sign that selling looks risky. I also found potential completion of the downwrad corrective phase (abc). My advice is to watch for potential buying opportunities on the dips. The upward target is set at the price of 1.3360.

Resistance levels: R1: 1.3240R2: 1.3250R3: 1.3265Support levels: S1: 1.3215S2: 1.3205S3: 1.3190

Trading recommendations for today: watch for potential buying opportunities.

Forex analysis 16 Jul 2018, 07:57 UTC+00
Close Expand on this page Go to article
Elliott wave analysis of EUR/JPY for July 16, 2018
With wave (E) complete at 124.59 and a S/H/S bottom to confirm that view, we will be looking for more upside pressure...
With wave (E) complete at 124.59 and a S/H/S bottom to confirm that view, we will be looking for more upside pressure in the days and weeks to come for a rally towards 135.72, which both marks the 161.8% extension of wave i and the S/H/S bottoms target. Short-term, we could see minor resistance at 131.63 caps the upside for a corrective set-back to near 130.10 before the next upside attack towards 133.48 on the way higher towards 135.72 as the ideal target for wave iii. R3: 132.54R2:...

analytics5b4c0b738db43.png

With wave (E) complete at 124.59 and a S/H/S bottom to confirm that view, we will be looking for more upside pressure in the days and weeks to come for a rally towards 135.72, which both marks the 161.8% extension of wave i and the S/H/S bottoms target.

Short-term, we could see minor resistance at 131.63 caps the upside for a corrective set-back to near 130.10 before the next upside attack towards 133.48 on the way higher towards 135.72 as the ideal target for wave iii.

R3: 132.54

R2: 132.11

R1: 131.63

Pivot: 131.24

S1: 131.08

S2: 130.76

S3: 130,34

Trading recommendation:

We will wait for a buying opportunity near 130.10.

Forex analysis 16 Jul 2018, 01:08 UTC+00
Close Expand on this page Go to article
Weekly review from 16 to 21 July 2018 on the GBP/USD pair
On the weekly chart, the price after the next testing of the support line began to move up, closed almost at a...
Trend analysis (Figure 1).Next week, the price, according to technical analysis, will continue to move upward with the first top target of 1.3360 – a pullback level of 23.6% (yellow dotted line). A comprehensive analysis will show how likely this scenario is. Fig. 2 (weekly chart).Complex analysis:- Indicator analysis - up;- Fibonacci levels - up;- volumes - upwards;- candlestick analysis - up;- trend analysis - up;- Bollinger bands - up;- monthly chart - up.The conclusion on the complex...

Trend analysis (Figure 1).

Next week, the price, according to technical analysis, will continue to move upward with the first top target of 1.3360 – a pullback level of 23.6% (yellow dotted line). A comprehensive analysis will show how likely this scenario is.

gbpusd-w1-instaforex-group.png

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger bands - up;

- monthly chart - up.

The conclusion on the complex analysis is an upward movement.

The overall result of the calculation of the candle of the GBP/USD currency pair on a weekly chart: the price for the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the absence of the second upper shadow.

The first upper target of 1.3360 is the retracement level of 23.6% (yellow dotted line).

Forex analysis 15 Jul 2018, 22:22 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!