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  #31  
Old 01-17-2018, 05:23 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Technical analysis of USD/JPY for Jan 17, 2018

In Asia, Japan will release the Core Machinery Orders m/m data, and the US will release some Economic Data such as TIC Long-Term Purchases, Beige Book, NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 110.97.
Resistance. 2: 110.76.
Resistance. 1: 110.54.
Support. 1: 110.27.
Support. 2: 110.06.
Support. 3: 109.84.

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  #32  
Old 01-23-2018, 06:32 AM
InstaForex Gertrude InstaForex Gertrude is offline
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The trading plan for the US session is EUR/USD and GBP/USD

EUR/USD
To open long positions for EURUSD, it is required:
Buyers are trying to get ahold of the level of 1.2252, and while the trade is higher, a chance remains for continued growth of the euro with an update of 1.2294 and the main purpose of a test at 1.2342, where I recommend locking in profits. In the event of a decline below the level of 1.2252 in the afternoon, consider new purchases of the euro after a test at the level of 1.2215, or immediately towards a rebound from 1.2169.
To open short positions for EURUSD, it is required:
A return to the level of 1.2252 would be a good signal to increase short positions on the euro for the purpose of a breakdown and consolidation below the support of 1.2215, which opens a direct road to the area of 1.2169, where I recommend locking in profits. In case the euro further grows, it is possible to look for short positions after the formation of a false breakout at 1.2294 or on a rebound from 1.2342.

GBP/USD
To open long positions for GBP/USD, it is required: Buyers are trying to work out a scenario in the morning in order to consolidate above 1.3886, and while the trade is at this level, you can count on continuing an upward trend with an exit towards a resistance of 1.3940. The main target remains in the area of 1.4018. In the event of a return below the level of 1.3886, I recommend that you pay attention to long positions on the pound only after a test at 1.3839.
To open short positions for GBP/USD, it is required:
The return at 1.3886 will signal an opening of short positions for the pound, which will lead to the renewal of daily lows in the area of 1.3839 and will likely reach a new support level of 1.3797, where I recommend locking in the profit. In case of continued growth in the pound during the afternoon, short positions can be considered for a rebound from 1.3940.

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

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  #33  
Old 04-16-2018, 05:45 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Elliott wave analysis of EUR/NZD for April 16, 2018

EUR/NZD is following the expected path and is correcting. The minimum corrective target at 1.6793 has already been tested, but we expected a little more correction closer to the 1.6835 - 1.6860 area will be seen before lower again towards the ideal target near 1.6620. The test of 1.6620 will ideally complete the corrective decline from 1.7162. That said it's possible that a larger correction is developing and if this is the case, a decline to 1.6220 should be expected before a more firm bottom is in place.

R3: 1.6860
R2: 1.6820
R1: 1.6793
Pivot: 1.6736
S1: 1.6676
S2: 1.6620
S3: 1.6580

Trading recommendation:
We are looking for an EUR-selling opportunity at 1.6845.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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  #34  
Old 04-20-2018, 04:53 AM
InstaForex Gertrude InstaForex Gertrude is offline
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Traders do not have enough reference points

The lack of benchmarks and positive fundamental statistics leads traders to a standstill. On the one hand, trading in the EURUSD pair is below a significant resistance level of 1.2395, which has repeatedly limited the upside potential in risky assets. On the other hand, there are also few who want to to sell the euro and go against the trend.

In the first half of the day, data showed that the positive balance of the current account of the euro area's balance of payments in February 2018 decreased compared to January. According to the report of the European Central Bank, the current account surplus of the balance of payments in February fell to 35.1 billion euros against 39 billion euros in January.

However, compared with February 2017, it should be noted that there was growth. As in 2017, the current account surplus of the euro area's balance of payments was at the level of 29.8 billion euros. For the period from March 2017 to February 2018, the surplus of the current account of the euro area's balance of payments totaled 408.1 billion euros.

Let me remind you that Donald Trump has been advocating a criticism of Germany, and a month ago he spoke in favor of introducing a number of trade duties on the European Union. However, up to now the case never came. The White House administration repeatedly appealed to German Chancellor Angela Merkel on insufficient efforts related to the reduction of the trade surplus with the US, but failed to receive any support.

On Thursday afternoon, a report was released from the US Department of Labor, which was ignored by the market.

According to the data, the number of Americans, who applied for unemployment benefits for the first time, fell last week. Thus, the number of initial applications for unemployment benefits for the week from April 8 to 14 fell by 1,000 and was at the level of 232,000, which went against the forecasts of economists who expected the number of applications to be 225,000.

The British pound was lower against the US dollar in the morning amid weak data on retail sales, but then managed to regain its position, as traders began to digest Wednesday's report on inflation in more detail. In fact, if you understand, then there was nothing "terrible" in that report, which could cause such a speculative market reaction to the selling of the pound.

According to a report by the National Bureau of Statistics, retail sales in the UK in March 2018 fell 1.2% compared to the previous month. It happened against the background of bad weather. In general, the economic categories of goods and food suffered. For the 1st quarter of 2018, retail sales in the UK decreased by 0.5% compared to the previous quarter.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex
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