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#1. Fundamental Analysis of EUR/JPY for August 15, 2018
EUR/JPY has been quite impulsive amid bearish pressure recently. The price is currently expected to retrace higher...
EUR/JPY has been impulsive amid bearish pressure which earlier led the price from 129.50 area to the present 125.50 support area. EUR has been struggling due to the ongoing trade war tensions and the Brexit situation, whereas positive economic reports from Japan provided the required push for the currency to gain momentum. This week on Tuesday, Japan's Revised Industrial Production report was published with an increase to -1.8% which was expected to be unchanged at -2.1%. The positive...

EUR/JPY has been impulsive amid bearish pressure which earlier led the price from 129.50 area to the present 125.50 support area. EUR has been struggling due to the ongoing trade war tensions and the Brexit situation, whereas positive economic reports from Japan provided the required push for the currency to gain momentum.

This week on Tuesday, Japan's Revised Industrial Production report was published with an increase to -1.8% which was expected to be unchanged at -2.1%. The positive economic report helped JPY to regain the momentum it had lost recently against EUR. Tomorrow, Japan's Trade Balance report is going to be published which is expected to decrease to 0.02T from the previous figure of 0.07T. Though the forecast is downbeat, better-than-expected score is expected to increase the momentum of JPY gains for a while.

On the other hand, ahead of the Eurozone's Final CPI report to be published on Friday which is expected to be unchanged at 2.1%, today few impactful economic reports are due because the Assumption day is celebrated in Germany and Italy. Tomorrow, the Eurozone's Trade Balance report is going to be published which is expected to increase to 17.0B from the previous figure of 16.9B and German WPI is expected to be unchanged at 0.5%.

As of the current scenario, EUR is still quite indecisive having neutral forecasts for the upcoming economic reports to be published whereas if JPY manages to perform better with the upcoming reports, further gain on the JPY side is expected in the pair for the coming days.

Now let us look at the technical chart. The price is currently residing at the edge of 125.50 area from where the price is expected to retrace a bit higher before pushing lower towards 124.50 in the future. Though the dynamic levels are bit higher than the current price, certain bearish momentum is expected in the pair before it starts to push higher after the daily rejection off the 124.50 area. As the price remains above 124.50, certain bullish intervention is expected in the process.

SUPPORT: 124.50, 125.50

RESISTANCE: 129.50

BIAS: BEARISH

MOMENTUM: VOLATILE

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Forex analysis 15 Aug 2018, 05:27 UTC+00
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#2. Intraday technical levels and trading recommendations for EUR/USD for August 15, 2018
As anticipated, bearish closure below 1.1400 was achieved. This allowed a quick decline towards 1.1300. For a further...
Daily Outlook In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200). The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, a descending high was established around 1.1800. Currently, the EUR/USD pair is testing the price zone of 1.1450-1.1370 (demand zone) where the depicted trend...

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Daily Outlook

In April 2018, the EUR/USD pair outlook turned to become bearish when the pair pursued trading below the lower limit of the depicted consolidation range (1.2200).

The price level of 1.1500 offered temporary bullish recovery towards 1.1830. The EUR/USD bulls failed to pursue towards higher bullish targets.

Instead, a descending high was established around 1.1800.

Currently, the EUR/USD pair is testing the price zone of 1.1450-1.1370 (demand zone) where the depicted trend lines are located on the depicted weekly chart.

As anticipated, bearish closure below 1.1400 was achieved. This allowed a quick decline towards 1.1300.

For further bearish decline to occur, the pair needs obvious bearish breakdown below 1.1375. Initial bearish targets would be located around 1.1275 then 1.1120 if enough bearish pressure is applied.

Hence, the EUR/USD short-term outlook remains bearish towards the mentioned levels unless bullish breakout above 1.1420 is achieved. This would pause the ongoing bearish momentum allowing bullish pullback to take place.

Forex analysis 15 Aug 2018, 09:05 UTC+00
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#3. Technical analysis: Intraday level for USD/JPY, Aug 15, 2018
In Asia, Japan today will not release any
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim UnitLabor Costs q/q, Prelim Nonfarm Productivity q/q, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during...

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In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim UnitLabor Costs q/q, Prelim Nonfarm Productivity q/q, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVEL: Resistance. 3: 111.96. Resistance. 2: 111.74. Resistance. 1: 111.52. Support. 1: 111.25. Support. 2: 111.03. Support. 3: 110.81. 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 15 Aug 2018, 03:06 UTC+00
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#4. Elliott wave analysis of EUR/JPY for August 15, 2018
The corrective rally we were looking for from the 125.12 low is unfolding nicely. The minimum target has already been...
The corrective rally we were looking for from the 125.12 low is unfolding nicely. The minimum target has already been fulfilled, but a final pop to 127.30 remains possible before the final push lower into the 124.59 - 125.12 zone. Ideally, this final push lower will complete just below 125.12, but under no circumstance can a break below 124.59 be allowed, as the break below here will force a recount for the decline from 137.50. At this point, only a break above minor resistance at...

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The corrective rally we were looking for from the 125.12 low is unfolding nicely. The minimum target has already been fulfilled, but a final pop to 127.30 remains possible before the final push lower into the 124.59 - 125.12 zone. Ideally, this final push lower will complete just below 125.12, but under no circumstance can a break below 124.59 be allowed, as the break below here will force a recount for the decline from 137.50.

At this point, only a break above minor resistance at 128.65 will indicate that wave ii has completed, while a break above resistance at 129.46 will confirm that wave iii higher is developing.

R3: 127.30

R2: 127.06

R1: 126.61

Pivot: 126.39

S1: 125.98

S2: 125.78

S3: 125.46

Trading recommendation:

We are long EUR from 126.25 with our stop placed at 124.50. We wlll take half profit at 127.25 and then wait for an opportunity to re-buy EUR at 125.15.

Forex analysis 15 Aug 2018, 01:04 UTC+00
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#5. Elliott wave analysis of EUR/NZD for August 15, 2018
After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking...
After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking for a break above resistance at 1.7355 to confirm that red wave iii is developing for a break above the peak at 1.7484 as EUR/NZD moves higher towards 1.7924 and 1.8369. Short-term support is seen at 1.7243, this support should ideally be able to protect the downside, for the expected rally higher. If, however, a break below 1.7243 is seen, a final dip closer to 1.7196...

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After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking for a break above resistance at 1.7355 to confirm that red wave iii is developing for a break above the peak at 1.7484 as EUR/NZD moves higher towards 1.7924 and 1.8369.

Short-term support is seen at 1.7243, this support should ideally be able to protect the downside, for the expected rally higher. If, however, a break below 1.7243 is seen, a final dip closer to 1.7196 should be expected to complete red wave ii.

R3: 1.7487

R2: 1.7417

R1: 1.7355

Pivot: 1.7299

S1: 1.7270

S2: 1.7243

S3: 1.7220

Trading recommendation:

We are long EUR from 1.7245 with our stop placed at 1.7215.

Forex analysis 15 Aug 2018, 01:12 UTC+00
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#6. Daily review of GBP/JPY as of August 14, 2018. Ichimoku Indicator
Players on the increase took advantage of the monthly Kijun (140.69) and currently forms an upward correction. The...
GBP / JPY Players on the increase took advantage of the monthly Kijun (140.69) and currently forms an upward correction. The nearest support of this recovery for today is the daily short-term trend (143.43). In this situation, we can combine efforts to passed the minimum extremum level (143.17). As a result, the zones 143.20-40 can become a good reference point for retest and completion of the upward correction. The fastening above will require refinements and a new analysis, since the...

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GBP / JPY

Players on the increase took advantage of the monthly Kijun (140.69) and currently forms an upward correction. The nearest support of this recovery for today is the daily short-term trend (143.43). In this situation, we can combine efforts to passed the minimum extremum level (143.17). As a result, the zones 143.20-40 can become a good reference point for retest and completion of the upward correction. The fastening above will require refinements and a new analysis, since the monthly Kijun may form a pullback, and the upward correction will receive weekly support.

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At the lower halves, the pair are now at significant borders. The task of players to raise is currently in the breakdown of the H1 cloud and the elimination of the death cross H4 (Kijun 142.24). Achieving these conditions will significantly increase the advantages of bulls and formed the first upward target for the breakdown of the H1 cloud. In this case, the support for recovery will be focused in the area of 143.20-40 (the target of the H1 cloud + H4 cloud + levels of higher periods).

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 15 Aug 2018, 04:29 UTC+00
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#7. Technical analysis of GBP/USD for August 15, 2018
The daily pivot point is seen at the price of 0.2780. The GBP/USD pair hit the weekly support levels of 0.2780 and...
Overview: The daily pivot point is seen at the price of 0.2780. The GBP/USD pair hit the weekly support levels of 0.2780 and 0.2722 last week. Thus, it dropped down in order to bottom at the point of 1.2780. Today, the pair is trading below its pivot point (1.2780). It is likely to trade in a higher range as long as it remains below the level of 1.2780. Hence, the minor resistance was already set at the level of 1.2780. Moreover, the weekly resistance is also coinciding around the...

analytics5b73e23fdce62.png

Overview:

The daily pivot point is seen at the price of 0.2780. The GBP/USD pair hit the weekly support levels of 0.2780 and 0.2722 last week. Thus, it dropped down in order to bottom at the point of 1.2780. Today, the pair is trading below its pivot point (1.2780). It is likely to trade in a higher range as long as it remains below the level of 1.2780. Hence, the minor resistance was already set at the level of 1.2780. Moreover, the weekly resistance is also coinciding around the major support around the area of 1.2837. Additionally, the RSI is still calling for a strong bearish market as well as the current price is also below the moving average 100. Therefore, it will be advantageous to sell below the current level of 1.2780 with the first target at 1.2700. From this point, if the pair closes below the dily support of 1.2700 on the H1 chart, the GBP/USD pair may resume its movement to 1.2670 in order to retest the weekly support 2. On the other hand, stop loss should always be taken into account, accordingly, it will be beneficial to set the stop loss below the last bullish wave at 1.2840.

Forex analysis 15 Aug 2018, 06:23 UTC+00
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#8. Technical analysis of Gold for August 15, 2018
The Gold price is in a bearish trend and has reached our $1,193 short-term target after breaking below $1,205. Now...
The Gold price is in a bearish trend and has reached our $1,193 short-term target after breaking below $1,205. Now the price is consolidating before its next leg lower to $1,180. Black lines - wedge pattern Blue line - short-term support The Gold price remains inside the downward sloping wedge pattern. Resistance is at $1,211. Support at $1,193 if it fails to hold, we should expect the Gold price to fall as far as $1,180 where we find the lower wedge pattern boundary.

The Gold price is in a bearish trend and has reached our $1,193 short-term target after breaking below $1,205. Now the price is consolidating before its next leg lower to $1,180.

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Black lines - wedge pattern

Blue line - short-term support

The Gold price remains inside the downward sloping wedge pattern. Resistance is at $1,211. Support at $1,193 if it fails to hold, we should expect the Gold price to fall as far as $1,180 where we find the lower wedge pattern boundary.

Forex analysis 14 Aug 2018, 19:54 UTC+00
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#9. Technical analysis: Intraday Level For EUR/USD, Aug 15, 2018
When the European market opens, some Economic Data will
When the European market opens, some Economic Data will be released such as German 30-y Bond Auction. The US will release the EconomicData too such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, 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...

analytics5b73b4f7b2cbb.jpg

When the European market opens, some Economic Data will be released such as German 30-y Bond Auction. The US will release the EconomicData too such as TIC Long-Term Purchases, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, 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: 1.1403. Strong Resistance: 1.1396. Original Resistance: 1.1385. Inner Sell Area: 1.1374. Target Inner Area: 1.1346. Inner Buy Area: 1.1318. Original Support: 1.1307. Strong Support: 1.1296. Breakout SELL Level: 1.1289. 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 carefullyconsider your investment objectives, level of experience, and riskappetite. 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 15 Aug 2018, 03:07 UTC+00
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#10. Analysis of EUR / USD Divergences on August 15. Euro falls again and prepares for a new correction
The EUR / USD pair cleared the correction level of 127.2% at 1.1431 and the turn was in favor of the US currency with...
4h The EUR / USD pair cleared the correction level of 127.2% at 1.1431 and the turn was in favor of the US currency with a fall to the level of Fibo 161.8% at 1.1333. Exiting the prices from the correction level of 161.8% will allow the counting of the currency in the EU currency and some growth in the direction of the correction level of 127.2%. Maturing bullish divergence in the MACD indicator was on August 15, which also allows you to expect growth of the pair. The consolidation of...

4h

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The EUR / USD pair cleared the correction level of 127.2% at 1.1431 and the turn was in favor of the US currency with a fall to the level of Fibo 161.8% at 1.1333. Exiting the prices from the correction level of 161.8% will allow the counting of the currency in the EU currency and some growth in the direction of the correction level of 127.2%. Maturing bullish divergence in the MACD indicator was on August 15, which also allows you to expect growth of the pair. The consolidation of the exchange rate under the Fibo level of 161.8% will increase the chances of further falling to the next correction level of 200.0% at 1.1227.

The Fibo grid was established on boundaries from June 21, 2018 and July 9, 2018.

Daily

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On the 24-hour chart, the pair continues the decline in the direction of the correction level of 127.2% at 1.1285. Today, there is no visible divergence in any indicator. The retracement of the pair from the correction level of 127.2% will allow traders to expect a turn in favor of the Euro and some growth in the direction of the Fibo level of 100.0% at 1.1553. The closing of the pair's quotes under the correction level of 127.2% will work in favor of continuing the fall towards the next level of Fibo 161.8% at 1.0941.

The Fibo grid was established on boundaries from November 7, 2017 and February 16, 2018.

Recommendations for traders:

Purchases of the EUR / USD pair will be possible at 1.1431 with a Stop Loss order at 161.8%, if the pair retreats from the correction level of 1.1333, especially in conjunction with the bullish divergence.

New sales of the EUR / USD pair can be opened with the target of 1.1227 if the pair completes the closing under the Fibo level 161.8%, with the Stop Loss order above the level of 1.1333.

Forex analysis 15 Aug 2018, 07:36 UTC+00
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