InstaForex InstaForex
Top Articles
1 GBP/USD: plan for the European session on March 26. Theresa May lost control of the Brexit process
GBP/USD: plan for the European session on March 26. Theresa May lost control of the Brexit process
To open long positions on GBP/USD you need: Yesterday, the British Parliament deprived Prime Minister Theresa May of control over the Brexit process, explaining that she could not cope with the task that she was entrusted with However, the GBP/USD pair reacted quite restrained. At the moment, bulls need to stay above 1.3166, and the formation of a false breakdown there will be a signal to buy. If the downward movement of the pound resumes, it is best to return to long positions after...

To open long positions on GBP/USD you need:

Yesterday, the British Parliament deprived Prime Minister Theresa May of control over the Brexit process, explaining that she could not cope with the task that she was entrusted with However, the GBP/USD pair reacted quite restrained. At the moment, bulls need to stay above 1.3166, and the formation of a false breakdown there will be a signal to buy. If the downward movement of the pound resumes, it is best to return to long positions after updating the low around 1.3126 or to rebound from the support of 1.3083. A breakthrough and consolidation above 1.3215 will be another signal to the increase of long positions based on the test of highs 1.3266 and 1.3316, where I recommend to lock in profits amid the Brexit process.

To open short positions on GBP/USD you need:

Alternatives for Brexit, the vote on which will take place tomorrow, keep the pound from falling. Today, sellers will try to form a false breakdown in the area of resistance at 1.3215, but the main goal will be a breakthrough and consolidation below the support of 1.3166, which will lead to selling GBP/USD to the area of lows of 1.3126 and 1.3083, where I recommend taking profits. When the growth scenario is above 1.3215 in the first half of the day, good resistance levels for sales will be seen in areas 1.3266 and 1.3316, from where you can open short positions immediately to rebound.

Indicator signals:

Moving averages

Trade is conducted in the area of 30-day and 50-day moving averages, which indicates the formation of a side channel.

Bollinger bands

A break of the upper border of the Bollinger Bands indicator around 1.3218 will be a signal to buy the pound.

X1hBAGUayiNXSD_TiZ-ybR5eYADtHYEZRbdbGnVr

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 26 Mar 2019, 07:01 UTC+00
Close Expand on this page Go to article
2 Trading plan for EUR/USD for March 26, 2019
The EUR/USD pair has stalled below the 1.1340 levels after finding support at the 1.1273 levels last week. Please...
Technical outlook: The EUR/USD pair has stalled below the 1.1340 levels after finding support at the 1.1273 levels last week. Please note that the prices should remain above the 1.1273 levels for bulls to remain in control. In a broader sense, the 1.1175 levels should be held if EUR/USD needs to rally towards the 1.16/1.17 levels going forward. If we consider the drop after breaking resistance at the 1.1448 levels, it is still in the wave 3, which is corrective. Also note that the...

analytics5c99984928cd8.jpg

Technical outlook:

The EUR/USD pair has stalled below the 1.1340 levels after finding support at the 1.1273 levels last week. Please note that the prices should remain above the 1.1273 levels for bulls to remain in control. In a broader sense, the 1.1175 levels should be held if EUR/USD needs to rally towards the 1.16/1.17 levels going forward. If we consider the drop after breaking resistance at the 1.1448 levels, it is still in the wave 3, which is corrective. Also note that the Fibonacci 0.786 support comes in at the 1.1240 levels and a bullish bounce is possible. But the price breaking further below the 1.1240 levels would increase the probability of giving up support at the 1.1175 levels. From the trading point of view, it is safe to open long deals, but below the 1.1273 levels. The price action unfolding in the next 1-2 trading sessions would confirm whether EUR/USD is going to produce an extended rally towards the 1.1800 levels or not.

Trading plan:

Aggressive traders, remain long with a stop loss order below 1.1273, the target is open.

Conservative traders, remain flat for now.

Good luck!

Forex analysis 26 Mar 2019, 03:23 UTC+00
Close Expand on this page Go to article
3 Control zones EURUSD 03/26/19
Yesterday's upward movement is corrective, since the downward cycle is not yet finished. The decline target is still...
Upward movement makes it possible for you to get favorable prices for selling the tools. The determining resistance is the NKZ 1/2 1.1364-1.1365. As long as the pair is trading below the specified zone, the drop is still an impulse. The target of the downward movement is the weekly short-term fault of 1.1263-1.1245. Achieving this zone will make it possible to consolidate a large part of the profit, and transfer the rest of the position to breakeven. Yesterday's high can be an...

Upward movement makes it possible for you to get favorable prices for selling the tools. The determining resistance is the NKZ 1/2 1.1364-1.1365. As long as the pair is trading below the specified zone, the drop is still an impulse. The target of the downward movement is the weekly short-term fault of 1.1263-1.1245. Achieving this zone will make it possible to consolidate a large part of the profit, and transfer the rest of the position to breakeven.

BNWhEt8YB7aLVUXxpU5tgeClr01zJdcraq7-qVB_

Yesterday's high can be an excellent price for forming a "false breakdown" pattern. In case of a large offer, the best prices will be received after its renewal.

An alternative model will be developed if the pair can continue to grow, and the closing of the current US session will occur above the level of 1.1374. This movement will indicate a cancellation of the downward option and make it possible to consider purchases tomorrow. The probability of implementing this model is at 30%, which makes it a support.

XyJSCB9IIHQj26dRFpyRV4rayCj5f3PSYGjgWMFz

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

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

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

Forex analysis 26 Mar 2019, 04:07 UTC+00
Close Expand on this page Go to article
4 Forecast for Gold on March 26, 2019
On March 26, Gold makes a reversal for a medium-term decrease
Gold (Gold) The price made a deep correction of 61.8% in the period of decline from February 20 to March 7, where it met with the MACD daily scale line. The Marlin oscillator signal line bent down a bit. On the four-hour chart, we see a double-formed divergence with the Marlin oscillator. The transition of the signal line of the oscillator to the negative zone will be the first working signal to lower the price of gold. This transition can take place when the price reaches the level of...

Gold (Gold)

The price made a deep correction of 61.8% in the period of decline from February 20 to March 7, where it met with the MACD daily scale line. The Marlin oscillator signal line bent down a bit.

On the four-hour chart, we see a double-formed divergence with the Marlin oscillator. The transition of the signal line of the oscillator to the negative zone will be the first working signal to lower the price of gold. This transition can take place when the price reaches the level of 50.0% Fibonacci at 1313.30. The target of the mid-term decline at 1276.30 is the support formed by a three-time test in January, which we see on the daily chart.

YFbP-OxwH5xRoHkbXj9ttT3fFXa4E51lI5Hxn3DC

o1RmT5TDyMNQvo9MBimqmcZGS6DFGyK1KJJp2oR9

Forex analysis 26 Mar 2019, 09:42 UTC+00
Close Expand on this page Go to article
5 Technical analysis of EUR/USD for 26/03/2019
The market is ready to continue the down move
Technical market overview: The bounce from the 61% Fibonacci retracement on the EUR/USD pair was very shallow, about 20 pips so far, the momentum remains weak and negative despite the oversold market conditions, so another move down is still on the table because there is no sight of correction continuation. Any violation of the level of 1.1275 will only accelerate the bearish pressure. Weekly Pivot Ponts: WR3 - 1.1551 WR2 - 1.1500 WR1 - 1.1377 Weekly Pivot - 1.1325 WS1 - 1.1198 WS2...

Technical market overview:

The bounce from the 61% Fibonacci retracement on the EUR/USD pair was very shallow, about 20 pips so far, the momentum remains weak and negative despite the oversold market conditions, so another move down is still on the table because there is no sight of correction continuation. Any violation of the level of 1.1275 will only accelerate the bearish pressure.

Weekly Pivot Ponts:

WR3 - 1.1551

WR2 - 1.1500

WR1 - 1.1377

Weekly Pivot - 1.1325

WS1 - 1.1198

WS2 - 1.1148

WS3 - 1.1029

Trading recommendations:

The sell orders should be placed from the level of 1.1335 in a case of any pull-back upwards and the sell stop orders should be opened below the level of 1.1272, where the local low is. The targets are seen at the levels of 1.1249 and 1.1220.

analytics5c99c9a3e2490.jpg

Forex analysis 26 Mar 2019, 06:41 UTC+00
Close Expand on this page Go to article
6 Wave analysis of EUR/USD for March 26. The pair shows all signs of readiness to build an upward wave with
On Monday, March 25, trading session ended on EUR/USD by 20 bp increase for the pair EUR / USD. Thus, there are more...
Wave counting analysis: On Monday, March 25, trading session ended on EUR/USD by 20 bp increase for the pair EUR/USD. Hence, there are more reasons to assume that the construction of wave b is completed as part of the new upward trend section after an unsuccessful attempt to break through the Fibonacci 61.8% level. If this is true, the quotation increase will continue with a minimum target located around 1.1450. The news background, interesting for the instrument, was absent yesterday....

analytics5c99d52be184a.png

Wave counting analysis:

On Monday, March 25, trading session ended on EUR/USD by 20 bp increase for the pair EUR/USD. Hence, there are more reasons to assume that the construction of wave b is completed as part of the new upward trend section after an unsuccessful attempt to break through the Fibonacci 61.8% level. If this is true, the quotation increase will continue with a minimum target located around 1.1450. The news background, interesting for the instrument, was absent yesterday. Most likely for today as well, it will not affect the course of trading in any way. Therefore, the tool will have good chances for continued moderate growth.

Sales targets:

1.1280 - 61.8% Fibonacci (small grid)

1.1240 - 76.4% Fibonacci (small grid)

Purchase goals:

1.1448 - 0.0% Fibonacci

General conclusions and trading recommendations:

The pair supposedly completed the construction of wave b. Now I recommend re-buying the pair in small volumes, and as confidence increases in the transition of the instrument to the construction of an upward wave, increase volumes with targets located near the estimated 1.1448 mark, which equals to 0.0% Fibonacci.

Forex analysis 26 Mar 2019, 08:16 UTC+00
Close Expand on this page Go to article
7 EUR/CHF approaching resistance, potential drop!
The EUR/CHF pair is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci...
EUR/CHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur below this level to our major support at 1.1182. Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.

EUR/CHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182.

Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.

analytics5c9984a6877c0.png

Forex analysis 26 Mar 2019, 01:47 UTC+00
Close Expand on this page Go to article
8 Technical analysis: Intraday levels for USD/JPY, Mar 26, 2019
In Asia, Japan will release the BOJ Core CPI y/y, SPPI y/y, and BOJ Summary of Opinions and the US will also publish...
In Asia, Japan will release the BOJ Core CPI y/y, SPPI y/y, and BOJ Summary of Opinions and the US will also publish some economic data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Housing Starts, and Building Permits. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance. 3: 110.75. Resistance. 2: 110.54. Resistance. 1: 110.32. Support. 1: 110.04....

analytics5c9995a0305a0.jpg

In Asia, Japan will release the BOJ Core CPI y/y, SPPI y/y, and BOJ Summary of Opinions and the US will also publish some economic data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Housing Starts, and Building Permits. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance. 3: 110.75. Resistance. 2: 110.54. Resistance. 1: 110.32. Support. 1: 110.04. Support. 2: 109.82. Support. 3: 109.61. (Disclaimer)

Forex analysis 26 Mar 2019, 02:54 UTC+00
Close Expand on this page Go to article
9 Technical analysis of GBP/USD for 26/03/2019
Another trendline test was just made and not much buying power is seen
Technical analysis of GBP/USD for 26/03/2019 Another trendline test was just made and not much buying power is seen Technical market overview: The GBP/USD pair has tested the orange trendline dynamic resistance around the level of 1.3215 but did not broke through. The Bearish Engulfing pattern was made at the end of the move up with a top at the level of 1.3245. The momentum remains neutral and so are market conditions, so the price might be trading sideways for some time until one of the...

Technical analysis of GBP/USD for 26/03/2019

Another trendline test was just made and not much buying power is seen

Technical market overview:

The GBP/USD pair has tested the orange trendline dynamic resistance around the level of 1.3215 but did not broke through. The Bearish Engulfing pattern was made at the end of the move up with a top at the level of 1.3245. The momentum remains neutral and so are market conditions, so the price might be trading sideways for some time until one of the important levels if violated. Any breakout below the level of 1.3157 will confirm the short-term top is in place.

Weekly Pivot Ponts:

WR3 - 1.3650

WR2 - 1.3473

WR1 - 1.3340

Weekly Pivot - 1.3164

WS1 - 1.3039

WS2 - 1.2867

WS3 - 1.2742

Trading recommendations:

The market is now under the technical resistance and under the trendline, so the bias for the daytraders remains bearish and only sell orders should be opened as close as possible to the level of 1.3207 with a protective stop loss just above the level of 1.3257. The target would be the other side of the horizontal trading range, at 1.3012.

analytics5c99c7e413b05.jpg

Forex analysis 26 Mar 2019, 06:23 UTC+00
Close Expand on this page Go to article
10 EUR / USD plan for the US session on March 26. The lack of important data does not allow the euro to continue to grow
The euro strengthened its position against the US dollar in the first half of the day. However, with the absence of...
To open long positions on EUR / USD pair, you need: The euro strengthened its position against the US dollar in the first half of the day. However, with the absence of important fundamental statistics in the background, the upward trend could not continue. At the moment, buyers need to break through the resistance level of 1.1324 and a test of which observed in the first half of the day will lead to a further upward correction to the area of 1.1358 and 1.1388 maximum, where I recommend...

To open long positions on EUR / USD pair, you need:

The euro strengthened its position against the US dollar in the first half of the day. However, with the absence of important fundamental statistics in the background, the upward trend could not continue. At the moment, buyers need to break through the resistance level of 1.1324 and a test of which observed in the first half of the day will lead to a further upward correction to the area of 1.1358 and 1.1388 maximum, where I recommend taking profits. In the scenario of returning to the low of the day at the support level of 1.1294, it is best to consider long positions in EUR/USD on the area of 1.1269 or on the rebound from the support of 1.1247.

To open short positions on EUR / USD pair, you need:

Sellers coped with the task in the morning and did not allow the pair to rise above resistance 1.1324. While the trade is conducted below this range, the pressure on the euro will remain. Yet, the main goal will be to break through and consolidate below the support of 1.1294, which will lead to the formation of a new downward wave and update weekly lows in areas of 1.1269 and 1.1247, where I recommend taking profits. In case that it grew higher than 1.1324 in the second half of the day, it is best to consider short positions in EUR/USD on a rebound from the resistance levels of 1.1358 and 1.1388.

More in the video forecast for March 26

Indicator signals:

Moving averages

Trade is conducted in the area of 30- and 50-medium moving, which indicates the lateral nature of the market with the advantage of sellers.

Bollinger bands

The volatility of the Bollinger Bands indicator is low, which does not give signals to enter the market.

QK82dGEwSGJC4uyubhOcAdf4czKeEH84vpFJGQzq

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 26 Mar 2019, 13:18 UTC+00
Close Expand on this page Go to article
Popular forum posts per day
Forex TV
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!