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Day review of GOLD on June 21, 2018. Ichimoku Indicator
At the moment, the levels of 1285.57 - 1278.55 will form a strengthened line of resistance in case that rising...
GOLDHaving reached the downward target on the breakdown of the day's cloud, gold begin the correction and break down. Earlier, it was noted that the major resistance in this area is 1300.86 (weekly Kijun + monthly Tenkan + day Kijun). At present, we can see that the bears managed to keep this important breakthrough. As a result, players continued to decline with new strength, realizing the breakdown of the support zone due to retesting the broken weekly golden cross (1300.86) and holding the...

analytics5b2b62bf4c8e4.jpg

GOLD

Having reached the downward target on the breakdown of the day's cloud, gold begin the correction and break down. Earlier, it was noted that the major resistance in this area is 1300.86 (weekly Kijun + monthly Tenkan + day Kijun). At present, we can see that the bears managed to keep this important breakthrough. As a result, players continued to decline with new strength, realizing the breakdown of the support zone due to retesting the broken weekly golden cross (1300.86) and holding the death cross' ability to work, which previously led to correction (1285.57-1278.55 Fibo Kiju weeks and months + level of 100% daily goal). At the moment, the levels of 1285.57 - 1278.55 will form a strengthened line of resistance in case that rising players recovered their positions. The main reference points for the decline are the lower boundary of the weekly cloud (1244.39) and the monthly Kijun (1248.78).

analytics5b2b62cd51b5f.jpg

The lower time intervals are currently in favor with the support of bearish sentiments. The downward targets and landmarks have long been worked out. In the case of an upward correction, the levels H1 and H4 will be the first to enter the work. Today, the resistance can be seen at 1265.54 (Tenkan N1) and 1268.72 (Tenkan N4 + Kijun N1).

Indicator parameters:

all time intervals 9 - 26 - 52

Color of indicator lines:

Tenkan (short-term trend) - red,

Kijun (medium-term trend) - green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

clouds: Senkou Span B (SSB, long-term trend) - blue,

Senkou Span A (SSA) - pink.

Color of additional lines:

support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,

horizontal levels (not Ichimoku) - brown,

trend lines - purple.

* The presented market analysis is informative and does not constitute a guide to the transaction.

Forex analysis 21 Jun 2018, 07:10 UTC+00
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Trading plan for the US session on June 20 EUR/USD
The market situation has not changed during the first half of the day. Still, buyers need to consolidate above the...
To open long positions for EURUSD, it is required:The market situation has not changed during the first half of the day. Still, buyers need to consolidate above the resistance of 1.1593, where you can expect a larger growth in the area of weekly highs, to the resistance of 1.1634-40, as well as to update the level of 1.1689, where I recommend to lock in profit. In case of a further decline in the euro, we can count on the support from the level of 1.1543 only in the formation of the next...

To open long positions for EURUSD, it is required:

The market situation has not changed during the first half of the day. Still, buyers need to consolidate above the resistance of 1.1593, where you can expect a larger growth in the area of weekly highs, to the resistance of 1.1634-40, as well as to update the level of 1.1689, where I recommend to lock in profit. In case of a further decline in the euro, we can count on the support from the level of 1.1543 only in the formation of the next false breakout. Otherwise, it is better to open new long positions after updating 1.1513 and 1.1482.

To open short positions for EURUSD, it is required:

As long as the trade is below 1.1593, the pressure on the euro will persist, which could lead to a retest of intermediate support at 1.1543, the breakdown of which will open new weekly lows around 1.1513 and 1.1482, where I recommend profit taking. In the event of growth above 1.1593 in the afternoon, selling the euro can be on the rebound from the weekly highs of 1.1634-40.

analytics5b2a38b77161e.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
  • Bollinger Bands 20
Forex analysis 20 Jun 2018, 21:47 UTC+00
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Trading recommendations for the EUR/USD currency pair on June 21, 2018
We sit on the fence and track clear fixations outside the range, it will soon be "hot".
The Euro/Dollar currency pair remained dramatically unchanged yesterday, the pair continue to be in the important range of 1.1510 / 1.1550. Speeches of the ECB head and the Fed Chair did not give confidence to sellers, although Jerome Powell (Fed) does not deny the possible additional increase in the interest rate. Today, the economic calendar does not shine with news, and many are waiting for the entry of reciprocal tariffs on goods from the United States, which will take effect...
The Euro/Dollar currency pair remained dramatically unchanged yesterday, the pair continue to be in the important range of 1.1510 / 1.1550. Speeches of the ECB head and the Fed Chair did not give confidence to sellers, although Jerome Powell (Fed) does not deny the possible additional increase in the interest rate. Today, the economic calendar does not shine with news, and many are waiting for the entry of reciprocal tariffs on goods from the United States, which will take effect tomorrow.

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Further vision

In fact, we are in a suspended state, as the range level of 1.1510-1.1550 keeps the quotation, but the sellers indecision is off the scale. At the moment, the focused is on the position of "Sit on the fence". We are already at the lower boundary of the range level and probably will soon be "hot."

What are the trade recommendations?

It is recommended to allocate positions on sale. It is worthwhile to keep clear fixations outside the range level below 1.1510 and to place pending orders there. The outlook is a primary decline to the periodic level of 1.1440 with a further move to 1.1300.

Otherwise, the scenario will not change and we will remain holding the range 1.1510 / 1.1650.

Indicator analysis

Analyzing the different sector of timeframes (TF), we see that the indicator analysis is inclined to sell, but, I repeat, we will speak about any significant movements only after fixing below 1.1510.

analytics5b2b67102f986.png

Key Levels

Resistance zones: 1.1650 *; 1.1725 *; 1.1830 *; 1.1900; 1.2100

Support zones: 1.1550 ** (1.1510 / 1.1550); 1.1440; 1.1300 **

* Periodic level

** Range level

*** We sit on the fence - slang expression, we are out of the market

* The presented market analysis is informative and does not constitute a guide to the transaction.

Forex analysis 21 Jun 2018, 07:12 UTC+00
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Technical analysis of GBP/USD for June 21, 2018
As expected, the GBP/USD pair continues to move downwards from the areas of 1.3271 and 1.3223. This week, the pair...
Overview:As expected, the GBP/USD pair continues to move downwards from the areas of 1.3271 and 1.3223. This week, the pair dropped from the level of 1.3271 to 1.3147 to close at 1.3168 yesterday. Today, resistance is seen at the levels of 1.3271 and 1.3223. So, we expect the price to set below the strong resistance at the levels of 1.3271 and 1.3223; because the price is in a bearish channel now. Amid the previous events, the price is still moving between the levels of 1.3223 and 1.3057....

analytics5b2afac614ca9.png

Overview:

As expected, the GBP/USD pair continues to move downwards from the areas of 1.3271 and 1.3223. This week, the pair dropped from the level of 1.3271 to 1.3147 to close at 1.3168 yesterday. Today, resistance is seen at the levels of 1.3271 and 1.3223. So, we expect the price to set below the strong resistance at the levels of 1.3271 and 1.3223; because the price is in a bearish channel now. Amid the previous events, the price is still moving between the levels of 1.3223 and 1.3057. In overall, we still prefer the bearish scenario as long as the price is below the level of 1.3223 which coincides with a ratio of 23.6% Fibonacci on the H1 chart. Furthermore, if the GBP/USD pair is able to break out the bottom at 1.3147, the market will decline further to 1.3099 (daily support 2). Moreover, the price will fall into a bearish trend in order to go further towards the strong support at 1.3057 to test it again. The level of 1.3057 will form a new double bottom. On the other hand, if the price closes above the strong resistance of 1.3271, the best location for a stop loss order is seen above 1.3300.

Forex analysis 20 Jun 2018, 23:20 UTC+00
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Fractal analysis for major currency pairs as of June 21
For the EUR / USD pair, the continuation of the movement towards the bottom is expected after the breakdown of...
Dear colleagues. For the EUR / USD pair, the continuation of the movement towards the bottom is expected after the breakdown of 1.1540. For the GBP / USD pair, we have expanded the potential for the downward movement towards the level of 1.3030. For the USD / CHF pair, continuing to the top is expected after the breakdown of 0.9990. The level of 0.9924 is the key support. For the USD / JPY pair, the price is in correction. The level of 109.46 is the key support. For the EUR / JPY pair, we...

Dear colleagues.

For the EUR / USD pair, the continuation of the movement towards the bottom is expected after the breakdown of 1.1540. For the GBP / USD pair, we have expanded the potential for the downward movement towards the level of 1.3030. For the USD / CHF pair, continuing to the top is expected after the breakdown of 0.9990. The level of 0.9924 is the key support. For the USD / JPY pair, the price is in correction. The level of 109.46 is the key support. For the EUR / JPY pair, we follow the development of the downward structure from June 12. For the GBP / JPY pair, we follow the downward structure from June 7, continuing to the bottom is expected after the breakdown of 144.45. The level of 145.66 is the key support.

Content of the article

Forecast for June 21:

Analytical review of currency pairs in the scale of H1:

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For the EUR / USD pair, the key levels on the scale of H1 are: 1.1683, 1.1640, 1.1611, 1.1542, 1.1511, 1.1491 and 1.1451. Here, we follow the development of the downward structure of June 7. The continuation of the movement towards the bottom is expected after the breakdown of 1.1542. In this case, the target is 1.1511. In the area of 1.1511 - 1.1491 is the consolidation of the price. For the potential value, for the bottom, consider the level of 1.1451. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement, as well as consolidation, are possible in the area of 1.1611 - 1.1640. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1683. This level is the key support for the downward movement.

The main trend is the downward cycle from June 7.

Trading recommendations:

Buy: 1.1611 Take profit: 1.1638

Buy 1.1641 Take profit: 1.1680

Sell: 1.1540 Take profit: 1.1511

Sell: 1.1490 Take profit: 1.1453

analytics5b2b0e89a9b31.png

For the GBP / USD pair, the key levels on the scale of H1 are 1.3311, 1.3281, 1.3225, 1.3191, 1.3112, 1.3071 and 1.3030. Here, we follow the development of the downward structure of June 7. Short-term downward movement is expected in the area of 1.3112 - 1.3071. The breakdown of the last value will lead to a movement towards the potential target of 1.3030. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possible in the area of 1.3191 - 1.3225. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3281. The range of 1.3281 - 1.3311 is the key support for the downward movement. Before reaching this level, we expect the initial conditions for the upward cycle to be formalized.

The main trend is the downward cycle from June 7.

Trading recommendations:

Buy: 1.3191 Take profit: 1.3225

Buy: 1.3228 Take profit: 1.3280

Sell: 1.3112 Take profit: 1.3075

Sell: 1.3068 Take profit: 1.3035

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For the USD / CHF pair, the key levels on the scale of H1 are: 1.0092, 1.0048, 1.0025, 0.9990, 0.9949, 0.9924 and 0.9890. Here, we continue to follow the upward cycle from June 7. At the moment, the price is in correction. The continuation of the movement towards the top is expected after the breakdown of 0.9990. In this case, the target is 1.0025. In the area of 1.0025 - 1.0048 is the consolidation of the price. For the potential value for the top, consider the level of 1.0092. The movement towards this level is expected after the breakdown of 1.0050.

Short-term downward movement, as well as consolidation, are possible in the area of 0.9949 - 0.9924. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9890. This level is the key support for the top.

The main trend is the upward cycle from June 7, the correction stage.

Trading recommendations:

Buy: 0.9990 Take profit: 1.0025

Buy: 1.0050 Take profit: 1.0090

Sell: 0.9947 Take profit: 0.9926

Sell: 0.9922 Take profit: 0.9892

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For the USD / JPY pair, the key levels on a scale are: 112.24, 111.90, 111.31, 110.92, 110.69, 110.15, 109.79, 109.46 and 108.91. Here, we continue to follow the formation of the local structure for the top of June 8. At the moment, the price is in correction. The continuation of the movement towards the top is expected after passing through the price range of 110.69 - 110.92. In this case, the target is 111.31. For the potential value of the top, consider the level of 112.24. Upon reaching this level, we expect consolidation in the area of 112.24 - 111.90.

Consolidated movement is expected in the range of 110.15 - 109.79. Short-term downward movement is possible in the area of 109.79 - 109.46. The breakdown of the latter value will lead to the development of the downward structure. Here, the potential target is 108.91.

The main trend is a local structure for the top of June 8.

Trading recommendations:

Buy: 110.92 Take profit: 111.30

Buy: 111.33 Take profit: 111.90

Sell: 109.76 Take profit: 109.48

Sell: 109.44 Take profit: 108.95

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For the CAD / USD pair, the key levels on the H1 scale are: 1.3454, 1.3400, 1.3340, 1.3260, 1.3219, 1.3159 and 1.3116. Here, we follow the local upward structure of May 31. The continuation of the movement towards the top is expected after the breakdown of 1.3340. In this case, the target is 1.3400. Near this level is the consolidation of the price. For the potential value, for the top, consider the level of 1.3454. From this level, we expect a pullback to the bottom.

Short-term downward movement is possible in the area of 1.3260 - 1.3219. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.3160. The range of 1.3159 - 1.3116 is the key support for the top.

The main trend is the upward structure of May 31.

Trading recommendations:

Buy: 1.3340 Take profit: 1.3400

Buy: 1.3402 Take profit: 1.3452

Sell: 1.3260 Take profit: 1.3220

Sell: 1.3216 Take profit: 1.3160

analytics5b2b0ec2ad37e.png

For the AUD / USD pair, the key levels on the scale of H1 are: 0.7569, 0.7512, 0.7440, 0.7400, 0.7322, 0.7262 and 0.7216. Here, we continue to follow the downward cycle from June 6. The continuation of the movement towards the bottom is expected after the breakdown of the level of 0.7322. Here, the target is 0.7262. In the area of 0.7262 - 0.7216 is the consolidation and from here, we expect a key turn to the top.

Short-term upward movement is possible in the area of 0.7400 - 0.7440. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7512. Initial conditions for the upward cycle is expected to reach 0.7569.

The main trend is the downward cycle from June 6.

Trading recommendations:

Buy: 0.7400 Take profit: 0.7440

Buy: 0.7442 Take profit: 0.7510

Sell: 0.7320 Take profit: 0.7264

Sell: 0.7260 Take profit: 0.7218

analytics5b2b0ecfbb4e0.png

For the EUR / JPY pair, the key levels on the scale of H1 are: 129.52, 128.80, 127.80, 126.77, 126.18, 125.08 and 124.15. Here, we follow the development of the downward structure of June 13. Short-term movement towards the bottom is expected in the area of 126.77 - 126.18. The breakdown of the last value will lead to a movement towards the level of 125.08. Near this level is the consolidation of the price. For the potential value of the bottom, consider the level of 124.15. Upon reaching this level, we expect a rollback to the top.

Short-term upward movement is possible in area of 127.80 - 128.29. The breakdown of the last value will lead to in-depth correction. Here, the target is 128.80. This level is the key support for the downward structure from June 13. Its breakdown will lead to the development of an upward structure. In this case, the potential goal is129.52.

The main trend is the downward structure of June 13.

Trading recommendations:

Buy: 127.80 Take profit: 128.25

Buy: 128.32 Take profit: 128.80

Sell: 126.75 Take profit: 126.20

Sell: 126.14 Take profit: 125.15

analytics5b2b0edde5ea7.png

For the GBP / JPY pair, the key levels on the scale of H1 are: 146.58, 146.20, 145.66, 145.31, 144.47, 143.96, 143.16 and 142.69. Here, we follow the development of the downward cycle of July 7. The continuation of the movement towards the bottom is expected after the breakdown of the level of 144.47. In this case, the target is 143.96. Near this level is the consolidation of the price. The breakdown of 143.95 should be accompanied by a pronounced movement towards the level of 143.16. For the potential value of the bottom, consider the level of 142.69. From this level, we expect a pullback to the top.

Short-term upward movement is possible in the area of 145.31 - 145.66. The breakdown of the last value will lead to in-depth correction. Here, the target is 146.20. The range of 146.20 - 146.58 is the key support for the downward structure, Before reaching this level, we expect the initial conditions for the upward cycle to be formalized.

The main trend is the downward cycle from June 7.

Trading recommendations:

Buy: 145.31 Take profit: 145.65

Buy: 145.70 Take profit: 146.20

Sell: 144.45 Take profit: 144.00

Sell: 143.95 Take profit: 143.20

Forex analysis 21 Jun 2018, 04:23 UTC+00
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Technical analysis on Gold for June 21, 2018
Gold price is making new lows. Trend remains bearish and there is no sign of a reversal. I believe Gold is oversold...
Gold price is making new lows. Trend remains bearish and there is no sign of a reversal. I believe Gold is oversold at the urrent levels and traders should not look at the bearish side but be bullish at current levels. I believe Gold is a fantastic buying opportunity below $1,280.Red line -long-term resistanceGreen line - long-term supportGold price on a weekly basis is making lower lows and lower highs. Price is inside the Ichimoku cloud area making trend neutral in cloud terms. As long as...

Gold price is making new lows. Trend remains bearish and there is no sign of a reversal. I believe Gold is oversold at the urrent levels and traders should not look at the bearish side but be bullish at current levels. I believe Gold is a fantastic buying opportunity below $1,280.

analytics5b2b4cb5e4f32.png

Red line -long-term resistance

Green line - long-term support

Gold price on a weekly basis is making lower lows and lower highs. Price is inside the Ichimoku cloud area making trend neutral in cloud terms. As long as price is above the green trend line support I remain bullish considering this pull back a great buying opportunity. Weekly support is at $1,243. Resistance is at $1,277 at the upper cloud boundary and next at $1,310. A break above $1,310 will open the way for a move towards $1,360 and higher.

Forex analysis 21 Jun 2018, 05:01 UTC+00
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Elliott wave analysis of EUR/NZD for June 21, 2018
There was only time for a 38.2% correction in wave ii/ (not the most common for second wave retracements). The break...
There was only time for a 38.2% correction in wave ii/ (not the most common for second wave retracements). The break back above 1.6812 was the tell, that wave ii/ completed early and wave iii/ higher towards the 161.8% extension target at 1.7133 is developing. Support is now seen at 1.6885 and strong support at 1.6850, which ideally will be able to protect the downside for the next push higher. However, it will take a break below support at 1.6737 to question the bullish outlook.R3: 1.7062R2:...

analytics5b2b190b1e13c.png

There was only time for a 38.2% correction in wave ii/ (not the most common for second wave retracements). The break back above 1.6812 was the tell, that wave ii/ completed early and wave iii/ higher towards the 161.8% extension target at 1.7133 is developing.

Support is now seen at 1.6885 and strong support at 1.6850, which ideally will be able to protect the downside for the next push higher. However, it will take a break below support at 1.6737 to question the bullish outlook.

R3: 1.7062

R2: 1.7025

R1: 1.6964

Pivot: 1.6890

S1: 1.6837

S2: 1.6784

S3: 1.6737

Trading recommendation:

Our stop+revers was hit at 1.6815 and we are now long EUR and we will place our stop at 1.6730. If you are not long EUR yet, then buy near 1.6837 and use the same stop at 1.6730.

Forex analysis 21 Jun 2018, 01:22 UTC+00
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Technical analysis on USDX for June 21, 2018
The Dollar index is in a bullish trend. Price is above 95 but the RSI on the 4-hour chart is not confirming these new...
The Dollar index is in a bullish trend. Price is above 95 but the RSI on the 4-hour chart is not confirming these new highs. Important short-term support is at 95.15-95. A break below this level will push price lower towards 94.Blue line- short-term supportRed line - long-term supportMagenta line - bearish divergencePrice is above the Ichimoku cloud and above the long-term support trend line. As long as price is above the 93.60 level and the red trend line support, trend will not be bearish....

The Dollar index is in a bullish trend. Price is above 95 but the RSI on the 4-hour chart is not confirming these new highs. Important short-term support is at 95.15-95. A break below this level will push price lower towards 94.

analytics5b2b4e42c1bda.png

Blue line- short-term support

Red line - long-term support

Magenta line - bearish divergence

Price is above the Ichimoku cloud and above the long-term support trend line. As long as price is above the 93.60 level and the red trend line support, trend will not be bearish. A break of this trend line will turn trend to bearish. However I believe this Dollar's rally has run its course and traders should not chase long Dollar positions. I believe they should be ready to go short once support at 94.90 fails to hold. This should be the first shot on short positions and if it goes lower, traders should add to short positions on a break below the red trend line.

Forex analysis 21 Jun 2018, 05:11 UTC+00
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Trading plan for the European session on June 21 GBP / USD
The formation of a false breakout at 1.3146 and the Bank of England hinting at raising interest rates in the near...
To open long positions for GBP / USD, you need:The formation of a false breakout at 1.3146 and the Bank of England hinting at raising interest rates in the near future will be the first signal for the opening of long positions in the pound with the main goal of returning and consolidating above the level of 1.3180. From this level, one can expect an upward correction to the area of 1.3213, where it is recommended to lock in profits. In case of a breakdown of 1.3146, opening long positions in...

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

The formation of a false breakout at 1.3146 and the Bank of England hinting at raising interest rates in the near future will be the first signal for the opening of long positions in the pound with the main goal of returning and consolidating above the level of 1.3180. From this level, one can expect an upward correction to the area of 1.3213, where it is recommended to lock in profits. In case of a breakdown of 1.3146, opening long positions in the GBP / USD is best done around the areas of 1.3104 and 1.3077.

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

Sellers will try to gain a foothold below the support level of 1.3146, which will lead to the formation of a new downward wave in the area of 1.3104 and 1.3077, where it is recommended to lock in profits. In case of growth at the level of 1.3180 and a resistance in the first half of the day, selling the pound can be returned to the rebound from the areas of 1.3213 and 1.3269.

analytics5b2b4616e8679.png

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

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

Bollinger Bands 20

Forex analysis 21 Jun 2018, 05:42 UTC+00
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