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RE: Wave Analysis by InstaForex

 
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RE: Wave Analysis by InstaForex - 4/14/2019 10:31:00 PM   
IFXGertrude

 

Posts: 515
Joined: 8/15/2014
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USD/CAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.3295 (horizontal swing low support, short term ascending line) where a strong bounce might occur above this level pushing price up to our first resistance level at 1.3407 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 361
RE: Wave Analysis by InstaForex - 4/15/2019 9:33:25 PM   
IFXGertrude

 

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Joined: 8/15/2014
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XAG/USD approaching support, potential bounce!

XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% retracement , short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 362
RE: Wave Analysis by InstaForex - 4/16/2019 7:50:55 PM   
IFXGertrude

 

Posts: 515
Joined: 8/15/2014
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GBP/USD approaching support, potential bounce!

GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement ).

Stochastic is also approaching support where we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

Analysis are provided by InstaForex


(in reply to IFXGertrude)
Post #: 363
RE: Wave Analysis by InstaForex - 4/21/2019 10:20:10 PM   
IFXGertrude

 

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Joined: 8/15/2014
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NZD/USD approaching support, potential bounce!

NZDUSD is approaching our first support at 0.6672 (horizontal swing low support, 61.8% Fibonacci extension . Descending channel support) where a strong bounce to our major resistance at 0.6741 (horizontal overlap resistance, 61.8% Fibonacci retracement ) might occur. Stochastic is approaching support as well.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

Analysis are provided by InstaForex


(in reply to IFXGertrude)
Post #: 364
RE: Wave Analysis by InstaForex - 4/22/2019 9:40:13 PM   
IFXGertrude

 

Posts: 515
Joined: 8/15/2014
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XAU/USD approaching support, potential bounce!

XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement ).

Stochastic is also approaching support where we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 365
RE: Wave Analysis by InstaForex - 4/23/2019 9:40:10 PM   
IFXGertrude

 

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Joined: 8/15/2014
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CAD/JPY broke key support with strong bearish pressure from Ichimoku cloud, expect further drop!

Company does not offer investment advice and the analysis performed does not guarantee results

Entry : 83.48
Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement Stop Loss : 83.63
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement Take Profit : 82.69
Why it's good : horizontal pullback support, 61.8% fibonacci retracement

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 366
RE: Wave Analysis by InstaForex - 4/23/2019 10:17:11 PM   
IFXGertrude

 

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Joined: 8/15/2014
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The US following China may surprise markets with unexpectedly high GDP growth in the first quarter

The latest temporary government shutdown, trade conflicts and a slowdown in global growth — against this background, the prospects for the first quarter for the US economy did not look promising. However, GDP data for the first three months of 2019 may surprise. After the Chinese economy unexpectedly grew during this period, it is expected that the United States will see a growth of 2.1 percent, although previously the range of analysts' estimates began from 1 percent. In the forecasts of the Atlanta Fed, the range is even more optimistic, between 2.2 and 3.4 percent. If recently most experts spoke about the weakness of the US economy, now they are expecting strong growth in the first quarter. In addition, companies have increased investment, in March, retail sales in the country grew at the fastest rate in 1.5 years - all opposed to the version of the beginning of a recession.

The unexpected reduction in the US trade deficit in February is also evidence of higher growth rates, and only weak production volumes — recall the recent first quarterly decline in industrial output after the election of Donald Trump — can explain such a wide range of estimates.

News are provided by InstaForex


(in reply to IFXGertrude)
Post #: 367
RE: Wave Analysis by InstaForex - 4/24/2019 9:47:14 PM   
IFXGertrude

 

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Joined: 8/15/2014
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GBP/CHF reversed off key resistance, expect further drop!

Company does not offer investment advice and the analysis performed does not guarantee results

Entry : 1.3267
Why it's good : horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.3430
Why it's good : horizontal swing high resistance
Take Profit : 1.2955
Why it's good : horizontal swing low support, 61.8% fibonacci extension

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 368
RE: Wave Analysis by InstaForex - 4/25/2019 11:18:56 PM   
IFXGertrude

 

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Joined: 8/15/2014
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Technical analysis of EUR/USD for 26/04/2019

Technical Market Overview:

The EUR/USD market is now consolidating in a narrow range between the levels of 1.1118 - 1.1145 after the downtrend has passed a for a while due to the oversold market conditions. The momentum remains weak anyway and there is no sign of any trend reversal yet. The first important technical resistance is seen at the level of 1.1176 and the next technical support is seen at the level of 1.1109 and 1.1027.

Weekly Pivot Points:
WR3 - 1.1384
WR2 - 1.1352
WR1 - 1.1289
Weekly Pivot - 1.1254
WS1 - 1.1188
WS2 - 1.1157
WS3 - 1.1092

Trading recommendations:
The last take profit level at 1.1118 has been hit and all sell orders should be closed with profit. The traders should now wait for another trading setup to occur shortly.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 369
RE: Wave Analysis by InstaForex - 4/28/2019 9:13:40 PM   
IFXGertrude

 

Posts: 515
Joined: 8/15/2014
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NZD/USD approaching key resistance, potential reversal!

Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 0.6717
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 0.6775
Why it's good : horizontal swing high resistance, 50% fibonacci retracement
Take Profit : 0.6585
Why it's good : horizontal swing low support

News are provided by InstaForex

(in reply to IFXGertrude)
Post #: 370
RE: Wave Analysis by InstaForex - 4/29/2019 10:43:34 PM   
IFXGertrude

 

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Joined: 8/15/2014
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EUR/USD testing key resistance, potential reversal!

Price is facing bearish pressure from our first resistance where we can expect a drop below this level to our first support level. Stochastic is approaching resistance as well.

Entry : 1.1190
Why it's good : horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.1225
Why it's good : horizontal overlap resistance, 50% fibonacci retracement Take Profit : 1.1124
Why it's good : horizontal swing low support

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 371
RE: Wave Analysis by InstaForex - 5/1/2019 7:56:21 PM   
IFXGertrude

 

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Gold price inability to break above resistance will lead prices towards $1,260.

Gold price as expected since $1,270 has bounced for a back test of the major support area of $1,280-90. Now there are a lot of chances that the entire back test is over as bulls remain too weak to break above $1,290-$1,300. The next leg down should follow soon.

Blue line - major resistance trend line
Red line -RSI support trend line
Red rectangle - major confluence area of resistance (previous support)

Gold price remains below the blue trend line resistance and shows rejection signs once again at the red rectangle area that is now resistance and was once support. Inability by the bulls to recapture the $1,280-90 level is a bearish sign. Since this support area was broken we said that we expect prices to move lower towards $1,250-60. Price fell as low as $1,266 and we said expect a back test and then maybe another move lower. As long as price is below $1,300 we continue to expect prices to move lower towards $1,250-60 or even lower. Any bounce is considered a selling opportunity. Gold should see $1,250-60 if price breaks below $1,270.

Analysis are provided by InstaForex


(in reply to IFXGertrude)
Post #: 372
RE: Wave Analysis by InstaForex - 5/6/2019 11:00:43 PM   
IFXGertrude

 

Posts: 515
Joined: 8/15/2014
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Aussie messed up the policy

Following Donald Trump, other representatives of the US administration called on the Fed to lower the Federal funds rate. Vice President Michael Pence and chief economic adviser to the head of state Larry Kudlow believe that the economy works very well and the time has come to further disperse it by easing monetary policy. However, the US central bank has not yet followed the White House. Moreover, his colleagues from Australia have the best chance of monetary expansion. According to estimates of the derivatives market, the likelihood that the RBA will reduce the cash rate to a record low of 1.25% at the May meeting, is at 50: 50. It is interesting that even here it can not do without pressure from politicians.

Australia will have Parliamentary elections on May 18, and regardless of who comes to power (for now, according to opinion polls, Labor is in the lead), the new government will focus on stimulating monetary and fiscal policies. A significant slowdown in GDP growth in the second half of 2018, cooling of retail sales and a fall in real estate prices require increasing consumer activity. It is possible that the Reserve Bank will become a hostage of the current ruling party. 17 out of 42 experts polled by Reuters expect that at a meeting on May 7 it will reduce the cash rate by 25 bp. Most experts believe that by the end of the year the rate may fall to 1% against the background of a significant slowdown in inflation.

Australian Inflation Dynamics and RBA Rates

It should be noted that in recent months, the RBA's outlook has changed significantly. If in December Philip Lowe said that monetary policy could be tightened for the first time since 2010, in February he focused on keeping the rate at 1.5%, by April he began to hint at monetary expansion. If it does happen, the RBA will be the first central bank of a developed country to decide to reduce borrowing costs. According to AMP Capital, the beginning of the monetary easing cycle will lead to the peak of AUD/USD to 0.6.

While the "bears" on the aussie rely on the weakness of the Australian economy, "bulls", on the contrary, adopt external factors. BofA Merrill Lynch sees the analyzed pair at 0.78 by the end of the year, Goldman Sachs recommends buying it as the Chinese economy recovers. Even the best forecaster of Bloomberg, during the end of the first quarter Tempus Inc expects the growth of AUD/USD to 0.74 by the end of 2019. Donald Trump, who announced an increase in tariffs for imports from China, could spoil the karma for aussie fans. The market was confident that Beijing and Washington were about to sign the deal, but such threats undermined this belief, contributing to the deterioration of the global risk appetite.

Technically, the implementation of the "Expanding wedge" and AB=CD patterns reinforces the risks of continuing the Australian dollar's downward hike to the target by 161.8% according to the latest model. It corresponds to $0.687.

Analysis are provided by InstaForex


(in reply to IFXGertrude)
Post #: 373
RE: Wave Analysis by InstaForex - 5/7/2019 8:02:26 PM   
IFXGertrude

 

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Joined: 8/15/2014
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Brent: in war as in war

When pursuing many goals, you need to be prepared for the fact that they will begin to contradict each other. With a statement about raising tariffs from 10% to 25% for $200 billion worth of Chinese imports from May 10, Donald Trump brought Brent and WTI down by more than 2%, but at the same time strengthened the dollar (safe-haven asset) against currencies of developing countries (risky assets) . The risks of escalating the trade conflict between the United States and China, the two countries, which account for one-third of global oil consumption, led to a swift attack on black gold, but information about the United States sending bombers and aircraft carriers to the Middle East messed up all the cards.

The White House wants to punish Iran by reducing its oil exports to zero, but is unhappy with the growth of Brent and WTI quotes. Threats to Tehran to block the Strait of Hormuz, which will create serious supply disruptions, force Americans to demonstrate military force. At the same time, the growth of geopolitical tensions is a "bullish" factor for black gold. Try to make both goals accomplished at the same time!

The problem with China is as difficult. Trump declares that the United States annually loses $600-800 billion from trade, of which $500 billion falls on China. This can no longer continue! But excuse me, historically, the US is a consumer country. The better their economy feels, the faster the import grows and the trade balance deficit widens. At the same time, threats to raise tariffs from May 10 and then impose the entire Chinese imports on them provoked a 6% collapse of the Shanghai Composite on fears of a slowdown in the largest Asian economy. If there is no V-shaped recovery in China's GDP, then one of the key drivers of growth of world stock indices and oil will disappear, triggering them into a deep correction.

Dynamics of the Chinese stock and oil market

Donald Trump will be pleased to rub his hands over the rollback of Brent and WTI, but the S&P 500's fall is unlikely to please him . At the same time, the dollar will strengthen, which the White House also does not want. The goals of the US president are often contradictory, but they can still be achieved. For example, during the trade war, China reduced the import of American oil from 430 thousand b/d to 100 thousand b/d. Potentially, thanks to the negotiations, not only will it return the previous figures, but also increase them by $12 billion a year.

In my opinion, the further fate of Brent and WTI will depend on two factors: a trade war and a prolongation of the agreement between OPEC and other producing countries on reducing production. The signing of an agreement on the contract of trade friction between Washington and Beijing, as well as the extension of the terms of the obligations of the cartel and Russia will make it possible for oil to continue the rally. On the contrary, the escalation of the conflict between the largest economies of the world and the increase in world production will launch a serious correction in the oil market. Technically, this can be expressed in the growth of quotations of futures for the North Sea variety above the resistance by $72.75 and $75.65, or in their fall below the support by $68.45 per barrel as part of the transformation of the "Shark" pattern in 5-0.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 374
RE: Wave Analysis by InstaForex - 5/8/2019 10:16:23 PM   
IFXGertrude

 

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Joined: 8/15/2014
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EUR/USD approaching resistance, potential reversal!

Price is approaching resistance where we might see a corresponding drop in price to our first support level.
Entry : 1.12270
Why it's good : horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement
Stop Loss : 1.1277
Why it's good : 76.4% Fibonacci retracement, pullback retracement
Take Profit : 1.1144
Why it's good : horizontal swing low support, 61.8% Fibonacci extension

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 375
RE: Wave Analysis by InstaForex - 5/9/2019 9:29:42 PM   
IFXGertrude

 

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Joined: 8/15/2014
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EUR/GBP approaching resistance, potential reversal!

Price is approaching resistance where we might see a corresponding drop in price to our first support level.
Entry : 0.8587
Why it's good : horizontal overlap resistance, 78.6% Fibonacci retracement Stop Loss : 0.8679
Why it's good : horizontal swing high resistance
Take Profit : 0.8587

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 376
RE: Wave Analysis by InstaForex - 5/13/2019 10:31:33 PM   
IFXGertrude

 

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Joined: 8/15/2014
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GBP/USD approaching support, potential bounce!

Price is approaching support where we are expecting a bounce above this level.
Entry : 1.2930
Why it's good : 78.6% Fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1.2861
Why it's good : horizontal swing low support
Take Profit : 1.3053 Why it's good : horizontal overlap resistance, 50% Fibonacci retracement

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 377
RE: Wave Analysis by InstaForex - 5/14/2019 10:54:08 PM   
IFXGertrude

 

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Joined: 8/15/2014
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USD/CHF reversed off resistance, potential for further drop

Price reversed from our first resistance where there is potential for further drop.
Entry : 1.0095 Why it's good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.0123
Why it's good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement
Take Profit : 1.0008
Why it's good : horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 378
RE: Wave Analysis by InstaForex - 5/16/2019 11:04:03 PM   
IFXGertrude

 

Posts: 515
Joined: 8/15/2014
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Technical analysis of GBP/USD for 17/05/2019:

Technical Market Overview:
There is no rest for the bears on the GBP/USD pair as the market keeps doing the lower lows in the downtrend despite the extremely oversold conditions. The price just recently hit the technical support at the level of 1.2788 after a series of down candles were made in order the break out of the channel. The momentum is still weak and negative, so the next target for bears is located at the level of 1.2772.
Weekly Pivot Points: WR3 - 1.3288
WR2 - 1.3229 WR1 - 1.3095
Weekly Pivot - 1.3031
WS1 - 1.2885
WS2 - 1.2821
WS3 - 1.2676

Trading Recommendations:
The market is moving below the trendline, so the best trading strategy for daytraders is to open the sell orders during the local pull-backs. All the targets for this week have been hit already, so. please pay attention to the price action signs of reversal and candlestick patterns at the range support and range resistance to confirm the level for the trading position.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 379
RE: Wave Analysis by InstaForex - 5/19/2019 9:36:27 PM   
IFXGertrude

 

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Joined: 8/15/2014
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Control zones NZDUSD 05/20/19

The downward movement is a medium-term impulse, so selling is still a priority. It is not profitable to sell on Monday from current grades, since the target of the fall is the weekly CZ of 0.6470-0.6456. Any growth should be used as an opportunity to sell the pair. The first resistance will be WCZ 1/4 06545-0.6542.

The downward trend is so strong that it will be possible to look for opportunities for buying only if a daily absorption takes place and the US session closes above Friday's maximum. This model will be the starting point in the formation of a deep correctional model, the next goal of which will be WCZ 1/2 0.6584-0.6577. While the pair will be trading below the specified zone, the bearish trend will not turn.

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.

Analysis are provided by InstaForex

(in reply to IFXGertrude)
Post #: 380
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