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1 Control zones GBPUSD 06/17/19
At the end of last week, GBPUSD reached the May low, which makes it possible to consolidate a part of sales opened...
The pair's downward movement continues to be a medium-term impulse, which makes it possible to keep part of the sales opened last week. Half of the position or more should be closed, since the pair has reached the lower boundary of the accumulation zone, which increases the likelihood of large demand. After a breakdown of the May low, it is necessary to monitor the formation of the absorption pattern. If it is formed, then you will need to purchase the instrument inside the flat...

The pair's downward movement continues to be a medium-term impulse, which makes it possible to keep part of the sales opened last week. Half of the position or more should be closed, since the pair has reached the lower boundary of the accumulation zone, which increases the likelihood of large demand.

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After a breakdown of the May low, it is necessary to monitor the formation of the absorption pattern. If it is formed, then you will need to purchase the instrument inside the flat range.

An alternative model of decline will be relevant if the closure of the US session occurs below the May low. This will indicate the strength of the downward movement and the absence of accumulating large limit purchase orders. The main strategy for today is to hold a short position that was opened last week.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Forex analysis 17 Jun 2019, 02:55 UTC+00
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2 Fractal analysis of major currency pairs on June 17
Dear colleagues. For the pair of euro / dollar, we follow the development of the downward cycle of June 12. For the...
Forecast for June 17: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1268, 1.1246, 1.1231, 1.1194, 1.1181, 1.1153 and 1.1131. Here, we are following the development of the downward cycle of June 12. Short-term downward movement is expected in the range of 1.1194 - 1.1181. The breakdown of the latter value will lead to a pronounced movement. Here, the goal is 1.1153. We consider the level of 1.1131 to be a...

Forecast for June 17:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1268, 1.1246, 1.1231, 1.1194, 1.1181, 1.1153 and 1.1131. Here, we are following the development of the downward cycle of June 12. Short-term downward movement is expected in the range of 1.1194 - 1.1181. The breakdown of the latter value will lead to a pronounced movement. Here, the goal is 1.1153. We consider the level of 1.1131 to be a potential value for the bottom. After reaching which, we expect consolidation, as well as a rollback to the top.

Short-term upward movement is possible in the range of 1.1231 - 1.1246. The breakdown of the last value will lead to a deep correction. Here, the goal is 1.1268. Up to this level, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle of June 12.

Trading recommendations:

Buy 1.1231 Take profit: 1.1244

Buy 1.1247 Take profit: 1.1266

Sell: 1.1180 Take profit: 1.1155

Sell: 1.1150 Take profit: 1.1132

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2652, 1.2626, 1.2605, 1.2568, 1.2538, 1.2497 and 1.2471. Here, we follow the formation of the potential for the bottom of June 7. Short-term downward movement is expected in the range of 1.2568 - 1.2538. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 1.2497. For the potential value for the bottom, we consider the level of 1.2471. After reaching which, we expect consolidation, as well as a rollback to the correction.

Short-term upward movement is possible in the range of 1.2605 - 1.2626. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2652. This level is a key support for the downward structure.

The main trend is the downward cycle of June 7.

Trading recommendations:

Buy: 1.2605 Take profit: 1.2625

Buy: 1.2627 Take profit: 1.2651

Sell: 1.2566 Take profit: 1.2540

Sell: 1.2536 Take profit: 1.2498

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0059, 1.0044, 1.0015, 0.9995, 0.9970, 0.9954 and 0.9934. Here, we are following the development of the ascending structure of June 7. Short-term upward movement is possible in the range of 0.9995 - 1.0015. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 1.0044. We consider the level of 1.0059 to be a potential value for the top. After reaching which, we expect consolidation as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.9970 - 0.9954. The breakdown of the latter value will lead to the development of a prolonged correction. Here, the target is 0.9934. This level is a key support for the top.

The main trend is the upward cycle of June 7.

Trading recommendations:

Buy : 0.9995 Take profit: 1.0015

Buy : 1.0017 Take profit: 1.0044

Sell: 0.9970 Take profit: 0.9955

Sell: 0.9952 Take profit: 0.9936

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For the dollar / yen pair, the key levels on the scale are : 109.58, 109.37, 109.01, 108.70, 108.08, 107.76 and 107.35. Here, the situation is in equilibrium. Short-term upward movement is possible in the range of 108.70 - 109.01. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 109.37. Meanwhile, there is a price consolidation in the range of 109.37 - 109.58.

The level of 108.08 is a key support for the ascending structure. Its price passage will lead to the development of a downward trend. Here, the first target is 107.76. For the potential value for the bottom, we consider the level of 107.35.

The main trend: the equilibrium state.

Trading recommendations:

Buy: 108.70 Take profit: 109.00

Buy : 109.03 Take profit: 109.37

Sell: 108.08 Take profit: 107.76

Sell: 107.74 Take profit: 107.37

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3564, 1.3515, 1.3492, 1.3451, 1.3424, 1.3385, 1.3364 and 1.3334. Here, we are following the development of the ascending structure of June 7. Short-term upward movement is expected in the range of 1.3424 - 1.3451. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 1.3492. Meanwhile, in the range of 1.3492 - 1.3515, there is a short-term upward movement, as well as consolidation. We consider the level of 1.3564 as a potential value for the top, to which we expect movement, after the breakdown of the level of 1.3517.

Short-term downward movement is possible in the range of 1.3385 - 1.3364. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3334.

The main trend is the upward cycle of June 7.

Trading recommendations:

Buy: 1.3424 Take profit: 1.3450

Buy : 1.3453 Take profit: 1.3490

Sell: 1.3385 Take profit: 1.3365

Sell: 1.3363 Take profit: 1.3335

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For the Australian dollar / US dollar pair, the key levels on the H1 scale are : 0.6919, 0.6896, 0.6883, 0.6859, 0.6830 and 0.6808. Here, we are following the development of the downward cycle of June 7th. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.6859. In this case, the goal is 0.6830, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 0.6808. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 0.6883 - 0.6896. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 0.6919. This level is a key support for the downward structure.

The main trend is the downward cycle of June 7.

Trading recommendations:

Buy: 0.6883 Take profit: 0.6895

Buy: 0.6897 Take profit: 0.6919

Sell : 0.6857 Take profit : 0.6833

Sell: 0.6828 Take profit: 0.6810

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For the euro / yen pair, the key levels on the H1 scale are: 122.39, 122.09, 121.91, 121.39, 121.14, 120.75 and 120.54. Here, we are following the development of the downward cycle of June 11th. The continuation of the movement to the bottom is expected after the breakdown of the level of 121.39. In this case, the target is 121.14, wherein consolidation is near this level. The breakdown of the level of 121.14 must be accompanied by a pronounced downward movement. Here, the goal is 120.75. For the potential value for the bottom, we consider the level of 120.54. After reaching which, we expect a consolidation, as well as a departure to the correction.

Short-term upward movement is expected in the range of 121.91 - 122.09. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 122.39. This level is a key support for the downward structure.

The main trend is the development of the downward structure of June 11.

Trading recommendations:

Buy: 121.91 Take profit: 122.09

Buy: 122.11 Take profit: 122.37

Sell: 121.39 Take profit: 121.18

Sell: 121.12 Take profit: 120.77

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For the pound / yen pair, the key levels on the H1 scale are : 137.38, 137.05, 136.83, 136.36, 136.18, 135.88 and 135.47. Here, we are following the development of the downward structure of June 12. The continuation of the movement to the bottom is expected after the price passes the noise range 136.36 - 136.18. In this case, the target is 135.88, wherein price consolidation is near this level. For the potential value for the bottom, we consider the level of 135.47. After reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 136.83 - 137.05. The breakdown of the latter value will lead to in-depth correction. Here, the target is 137.38. This level is a key support for the downward structure.

The main trend - the downward structure of June 12.

Trading recommendations:

Buy: 136.83 Take profit: 137.03

Buy: 137.07 Take profit: 137.35

Sell: 136.18 Take profit: 135.90

Sell: 135.85 Take profit: 135.50

Forex analysis 17 Jun 2019, 02:24 UTC+00
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3 Forecast for GBP/USD for June 17, 2019
The pound sterling continues to decline on June 17, the nearest target is 1.2530
GBP/USD Last Friday, the pound sterling closed the day below the first target at 1.2610 - a low of August 15, 2018. According to all signs of the indicators, the situation is definitely decreasing. On the daily, the Marlin oscillator signal line is in the decline zone, the price is below all indicator lines on H4, and Marlin is also in the decline zone, indicating only the probability of a correction at the current moment. The completion of the correction is expected in the area of...

GBP/USD

Last Friday, the pound sterling closed the day below the first target at 1.2610 - a low of August 15, 2018. According to all signs of the indicators, the situation is definitely decreasing. On the daily, the Marlin oscillator signal line is in the decline zone, the price is below all indicator lines on H4, and Marlin is also in the decline zone, indicating only the probability of a correction at the current moment. The completion of the correction is expected in the area of 1.2610. Buyers have nothing to rely on; Boris Johnson is in the lead for the Conservative Party leader elections, slowdowns are expected on England's Wednesday for inflation, the Bank of England announces a monetary policy decision on Thursday, which will obviously be expectantly alarming. But even earlier, on Wednesday, the Fed could destroy the overvalued market expectations for three rate cuts, reporting only one.

We look forward to the pound's decline towards a price of 1.2530, a low on December 14, 2018. Consolidating below the level opens the way to support the price channel line of the daily chart at a price of 1.2350.

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Forex analysis 17 Jun 2019, 04:49 UTC+00
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4 GBP/USD near support, a bounce is possible!
GBPUSD is near support, a bounce to 1st resistance is possible
GBPUSD is near support, a bounce to 1st resistance is possible Entry: 1.2564 Why it's good : 161.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing low support Stop Loss : 1.2373 Why it's good :61.8% Fibonacci extension Take Profit : 1.2651 Why it's good: 61.8% Fibonacci extension, horizontal pullback resistance, 38.2% Fibonacci retracement

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GBPUSD is near support, a bounce to 1st resistance is possible

Entry: 1.2564

Why it's good : 161.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing low support

Stop Loss : 1.2373

Why it's good :61.8% Fibonacci extension

Take Profit : 1.2651

Why it's good: 61.8% Fibonacci extension, horizontal pullback resistance, 38.2% Fibonacci retracement

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Forex analysis 17 Jun 2019, 02:05 UTC+00
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5 Control zones USDCAD 06/17/19
The Friday movement of USDCAD made it possible to implement the priority ascending model and test the weekly control...
The closure of last week's trade took place outside the middle range of the movement, which indicates a 90% probability of a return within its limits. This makes it possible to search for a favorable price for selling the instrument. The "false breakout" pattern of Friday's high will be an excellent opportunity to open a short position. An upward movement appears like a medium-term impulse, so sales should have a consolidation point. No need to rely on a large profit in the...

The closure of last week's trade took place outside the middle range of the movement, which indicates a 90% probability of a return within its limits. This makes it possible to search for a favorable price for selling the instrument. The "false breakout" pattern of Friday's high will be an excellent opportunity to open a short position.

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An upward movement appears like a medium-term impulse, so sales should have a consolidation point. No need to rely on a large profit in the direction of strengthening the Canadian dollar.

An alternative model will be developed if the test of the weekly control zone 1.3433-1.3415 leads to a strong increase in supply. The absorption of Friday's growth will be the first signal for the resumption of a downward impulse, which will provide an opportunity to look for prices to open a medium-term short position. While the probability of the implementation of this model is 30%, so it is auxiliary.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which change several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

Forex analysis 17 Jun 2019, 04:29 UTC+00
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6 Control zones for NZD/USD pair on 06/17/19
Late last week, the NZD/USD pair moved beyond the average. This makes it possible to consider a return to its limits...
Last week's downward movement continued the medium-term impulse. This allows you to keep short positions opened earlier. For those who could not or did not have time to enter the sales, this can be done after returning to the range of the average move of the last week. The probability of return is 90%. Buying is also possible but you need to understand that this is a correction to a mid-term bearish impulse. An alternative model of continuing to fall without returning to the...

Last week's downward movement continued the medium-term impulse. This allows you to keep short positions opened earlier. For those who could not or did not have time to enter the sales, this can be done after returning to the range of the average move of the last week. The probability of return is 90%.

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Buying is also possible but you need to understand that this is a correction to a mid-term bearish impulse.

An alternative model of continuing to fall without returning to the average course of last week has a low probability, thus, working in sales from current levels is not profitable. The implementation of this model will occur only in 10% of cases, which will not give a favorable attitude towards us in the distance.

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Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.

Monthly CZ - monthly control zone. The area is a reflection of the average volatility over the past year.

Forex analysis 17 Jun 2019, 04:50 UTC+00
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7 USD/JPY to test resistance, a bounce is possible!
USDJPY to test key resistance, a drop to 1st support is possible
USDJPY to test key resistance, a drop to 1st support is possible Entry:109.012 Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance Stop Loss : 109.909 Why it's good :76.4% Fibonacci retracement,horizontal swing high resistance Take Profit : 107.854 Why it's good: horizontal swing low support

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USDJPY to test key resistance, a drop to 1st support is possible

Entry:109.012

Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance

Stop Loss : 109.909

Why it's good :76.4% Fibonacci retracement,horizontal swing high resistance

Take Profit : 107.854

Why it's good: horizontal swing low support

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Forex analysis 17 Jun 2019, 02:00 UTC+00
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8 Forecast for AUD / USD pair on June 17, 2019
On June 17, the Australian dollar continues to move towards the goal of 0.6783
AUD / USD pair The Australian dollar has overcome the support of the nearest embedded line of the price channel, which is now heading towards the downstream line in the area of 0.6783. There will be no important economic data for Australia this week. The "Australian" will be more focused on foreign markets.Worries about tough Brexit intensify in the UK. Meanwhile in the US, the Fed can destroy the overstated market expectations for three rate cuts, saying with confidence only one...

AUD / USD pair

The Australian dollar has overcome the support of the nearest embedded line of the price channel, which is now heading towards the downstream line in the area of 0.6783. There will be no important economic data for Australia this week. The "Australian" will be more focused on foreign markets.Worries about tough Brexit intensify in the UK. Meanwhile in the US, the Fed can destroy the overstated market expectations for three rate cuts, saying with confidence only one thing. The Australian stock index S&P/ASX200 today is down by -0.16%, as well as China A50 is losing -0.09% today, which has been falling for the 4th day in a row. The iron ore has lost 1.84% on Friday. We are waiting for the AUD/USD pair near 0.6783.

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Forex analysis 17 Jun 2019, 04:58 UTC+00
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9 USD/CAD approaching resistance, potential reversal!
Price is approaching its resistance where we expect to see a reversal
Price is approaching its resistance where we expect to see a reversal. Entry : 1.3437 Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance Stop Loss : 1.3499 Why it's good : 78.6% Fibonacci retracement Take Profit : 1.3364 Why it's good : Horizontal pullback support, 38.2% Fibonacci retracement

Price is approaching its resistance where we expect to see a reversal.

Entry : 1.3437

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance

Stop Loss : 1.3499

Why it's good : 78.6% Fibonacci retracement

Take Profit : 1.3364

Why it's good : Horizontal pullback support, 38.2% Fibonacci retracement

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Forex analysis 17 Jun 2019, 02:03 UTC+00
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10 Forecast for EUR/USD for June 17, 2019
June 17, EUR/USD may trade in the range of 1.1200/45 in anticipation of important data on European statistics and...
EUR/USD On Friday, the euro fell by 64 points, breaking the support of the price channel line (1.1245). The decline stopped at the balance line of the daily scale (red indicator line) and at the moment of reaching the signal line of the Marlin oscillator the border with the territory of negative numbers - the territory of the market trend decline. Today in the Asian session, there is a slight correction in the euro. Perhaps, the resistance of the price channel at 1.1245 might work...

EUR/USD

On Friday, the euro fell by 64 points, breaking the support of the price channel line (1.1245). The decline stopped at the balance line of the daily scale (red indicator line) and at the moment of reaching the signal line of the Marlin oscillator the border with the territory of negative numbers - the territory of the market trend decline.

Today in the Asian session, there is a slight correction in the euro. Perhaps, the resistance of the price channel at 1.1245 might work out, after which, according to the main scenario, we are waiting for the price to consolidate below the MACD daily scale (1.1200), consolidation below the level offers the prospect of pulling down the price to the Fibonacci level of 123.6% on the price of 1.1075. Price output above 1.1245 may deepen the corrective growth to the MACD line of the four-hour scale, to 1.1282.

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Forex analysis 17 Jun 2019, 05:03 UTC+00
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