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Author Topic: InstaForex - instaforex.com  (Read 528074 times)

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Offline Instaforexbuk (OP)

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Re: InstaForex - instaforex.com
« Reply #360 on: September 11, 2018, 05:59:22 AM »
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GBP/USD Testing Resistance, Prepare For Reversal

GBP/USD is testing its resistance at 1.3033 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.2924 (50% Fibonacci retracement, horizontal swing low support) is expected.

Stochastic (89, 5, 3) has reversed off near its resistance at 98% where a corresponding drop is expected.

 GBP/USD is testing its resistance where we expect to see a reversal.

Sell below 1.3033. Stop loss at 1.3097. Take profit at 0.8891 1.2924.



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Re: InstaForex - instaforex.com
« Reply #361 on: September 12, 2018, 05:52:49 AM »
CAD/JPY Reversed Off Resistance, Prepare For Further Drop

CAD/JPY reversed off its resistance at 85.45 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at (50% Fibonacci retracement).

 Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop is expected. A bearish divergence has also been identified that contributes to our bearish bias.

CAD/JPY reversed off its resistance where we expect to see a further drop.

Sell below 85.45. Stop loss at 85.97. Take profit at 84.70.



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Re: InstaForex - instaforex.com
« Reply #362 on: September 13, 2018, 08:00:10 AM »
EUR/USD Approaching Resistance, Prepare For A Reversal

EUR/USD is approaching its resistance at 1.1656 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

EUR/USD is approaching its resistance where we expect to see a reversal.

Sell below 1.1656. Stop loss 1.1694. Take profit at 1.1567.


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Re: InstaForex - instaforex.com
« Reply #363 on: September 14, 2018, 08:46:07 AM »
NZD/JPY Approaching Resistance, Prepare For A Reversal

NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.19 (50% Fibonacci retracement, horizontal overlap support).

Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

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

Sell below 74.11. Stop loss 74.50. Take profit at 73.19.



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Re: InstaForex - instaforex.com
« Reply #364 on: September 17, 2018, 08:31:42 AM »
XAU/USD Bounced Off Support, Prepare For A Further Rise

XAU/USD bounced nicely off its support at 1,193(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1,204 (61.8% Fibonacci retracement).

Stochastic (55, 5, 3) is bounced off its support at 5.6% where a corresponding rise could occur. XAU/USD bounced nicely off its support where we expect to see a further rise.

Buy above 1,193. Stop loss at 1186. Take profit at 1,204.



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Re: InstaForex - instaforex.com
« Reply #365 on: October 09, 2018, 02:44:30 PM »
Technical analysis of Gold for October 9, 2018

Gold was weaker on Monday and fell towards $1,180 support. Price remains inside the bearish channel and the short-term trading range. Key resistance at $1,205-11 remains intact and as long as we remain below it, things for bulls will not be good.



Red lines- bearish channel

Blue lines - short-term trading range

Gold price has been inside this bearish channel for quite some time. Breaking above $1,205-11 resistance area would be a huge break out event. Price then would be expected to move at least towards $1,220-40 area if not higher. On the other hand, if prices fall below $1,180 and stay below it, my bullish scenario would be canceled.

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Re: InstaForex - instaforex.com
« Reply #366 on: October 10, 2018, 11:30:34 AM »
Elliott wave analysis of EUR/JPY for October 10, 2018



EUR/JPY spiked slightly lower than the ideal target at 129.49 and dipped to 129.31 before tuning higher. We think the possibility of blue wave (2) has completed is high, but we need a break above minor resistance at 130.23 as a first strong indication that this indeed is the case. While a break above resistance at 131.42 will confirm blue wave (2) has completed and blue wave (3) towards 138.10 is developing.

Short-term support is seen at 129.53 and then at 129.31.

R3: 131.45

R2: 130.88

R1: 130.58

Pivot: 130.23

S1: 129.88

S2: 129.53

S3: 129.31

Trading recommendation:

 We are long EUR from 130.70 with our stop placed at 129.25. If you are not long EUR yet, then buy near 129.53 or upon a break above 130.23 and use the same stop at 125.25

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Re: InstaForex - instaforex.com
« Reply #367 on: October 11, 2018, 11:34:50 AM »
Global macro overview for 11/10/2018

The Wednesday session was quite calm in terms of significant macroeconomic events. One of the most important publications was undoubtedly the revised data on the dynamics of the British Gross Domestic Product in September 2018. The latest Office for National Statistics data (UK statistics office) indicate that British GDP was 0.0% in September, compared to an average forecast by economists at 0.1% and 0.4% in August. This means that the market value of all manufactured goods and services remained at its current level. Still, out of the main currency basket, the pound sterling gained the most anyway.

The latest news related to the Brexit agreement may be responsible for strengthening the pound. British and EU diplomats said that intense negotiations over the next five days could lead to a temporary agreement on this matter. However, although this is a positive change, many issues remain unresolved.

 Let's now take a look at the GBP/USD technical picture at the H4 time frame chart after the data were published. The pair is still in the uptrend as it approaches the level of 1.3292, which is the next target for bulls. In the meantime, the price has managed to break through the technical resistance zone between the levels of 1.3191 - 1.3217 with a local high at the level of 1.3244. This zone will now act as a support for the price. Please notice, there is no divergence between the price and momentum just yet, but the market conditions are overbought at the time frame.



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Re: InstaForex - instaforex.com
« Reply #368 on: October 12, 2018, 01:04:26 PM »
Technical analysis of Gold for October 12, 2018

Gold price finally broke out above the trading range its been in for at least a month. This breakout is a bullish sign and we could see prices move higher towards $1,240-60 over the coming weeks.



Red lines - trading range (broken)

Green lines - long-term bearish channel

Gold price has broken above the trading range. Support is now at previous resistance at $1,211. Next support is at $1,184. We could see a pull back towards $1,215-13 but the upside should continue next week. Our first target of $1,220 has been reached. Holding above $1,210 could ope the way for our next target at $1,240-50. Resistance is at yesterday's highs. Breaking this resistance level will increase the chances of reaching our second target area.

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Re: InstaForex - instaforex.com
« Reply #369 on: October 15, 2018, 11:36:16 AM »
Technical analysis of Gold for October 15, 2018

Gold price remains in a short-term bullish trend. After the break out above the trading range its been in for the last couple of months, Gold price consolidated above $1,215 and is now trying to break to new short-term highs.



Green lines - long-term bearish channel

Red lines - trading range

Blue lines - projected target of equal legs

Gold price should at least reach $1,240. This is our minimum target in order for this second leg higher to be equal to the first one. Support remains at $1,211-12 the break out level. Bulls do not want to see prices fall below that level. Resistance is at $1,226.30 last weeks highs and a break above it is expected this week.

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Re: InstaForex - instaforex.com
« Reply #370 on: October 16, 2018, 09:06:11 AM »
Global macro overview for 16/10/2018

According to the deputy director of the International Monetary Fund, Tao Zhang, if global supply chains are forced to adapt as a result of continuous trade tensions between the US and China, next year it may cost the global economy around 1% of GDP. According to Zhang, there are no beneficiaries in the trade war. Even if it seems that a country would be at the top, it would potentially be at the expense of production capacity and a reduction in final demand. The US and China are now embroiled in trade, in which Washington and Beijing apply duties on some of the goods they import: "There is no winner in this game, so we call on both countries or any of our trading partners as soon as they find themselves in commercial disputes, let them talk to each other and reduce this tension" said Zhang.

It is also worth reminding that the IMF has recently lowered the forecast of global economic growth from 3.9% to 3.7% for 2018 and 2019. The reason given was the slowdown related to trade tension and turmoil in developing economies. The Fund also reduced the forecasts for the size of world trade: the total flow of goods and services is expected to increase by 4.2% this year, and next year by 4% - by 0.6 and 0.5 percentage point respectively compared to earlier estimates.

Let's now take a look at the Gold technical picture at the daily time frame chart. The marke has broken out from the horizontal consolidation and made a new local high at the level of $1,233, just below the 38% Fibonacci retracement of the previous swing down. The technical support is seen at the level of $1,214 and the next technical resistnace is seen at the level of $1,235. Please notice, the momentum is strong and positive, so the up move might last a while as the short-term bias remains bullish.



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Re: InstaForex - instaforex.com
« Reply #371 on: October 17, 2018, 09:39:39 AM »
Fundamental Analysis of USD/CAD for October 17, 2018

USD/CAD has been quite impulsive, making bearish swings since it bounced off the 1.3050 area with a daily close. CAD has been the dominant currency in the pair. Despite higher volatility in the trend structure, CAD managed to sustain the bearish pressure in the pair against USD. USD has been struggling in light of recently published disappointing economic reports which pushed USD down against CAD. Recently, US CPI and Retail Sales report were published worse than expected which enabled CAD to gain impulsive momentum despite other positive economic reports from the US published later. Today the US is due to post Building Permits report which is expected to increase to 1.27M from the previous figure of 1.25M, Housing Starts are assumed to decrease to 1.22M from the previous figure of 1.28M, and Crude Oil Inventories are also expected to decrease to 1.6M from the previous figure of 6.0M. Additionally, FOMC Member Brainard is going to speak today about FED intentions on interest rates and monetary policy. The speech is expected to make a neutral impact on the current market scenario. On the CAD side, a significant decrease in Foreign Securities Purchases to 2.82B from the previous figure of 15.29B which was expected to be at 10.05B provided USD certain room to be impulsive and win back some earlier losses. Today Canada's Manufacturing Sales report is going to be published which is expected to decrease to -0.6% from the previous value of 0.9%. Ahead of the CPI and Core Retail Sales report to be published on Friday this week, the pair is set to trade with higher volatility. Meanwhile, both Canada and the US are expected to present mixed economic reports. Any positive reading from Canada is expected to trigger impulsive momentum against USD. As the market sentiment has been favoring CAD against USD in the current market situation, further bearish pressure is expected in this pair in the coming days. Now let us look at the technical view. The price has recently broken below 1.2950 area which is being retested currently by the daily candle as a retracement. The price is expected to move lower towards 1.2750 support area in the coming days. As the price remains below 1.3050 area with a daily close, further bearish pressure is expected in this pair.

SUPPORT: 1.2750

RESISTANCE: 1.2950, 1.3050

BIAS: BEARISH

MOMENTUM: IMPULSIVE and NON-VOLATILE



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Re: InstaForex - instaforex.com
« Reply #372 on: October 18, 2018, 10:02:18 AM »
Global macro overview for 18/10/2018

Important data were published overnight from Australia in form of Unemployment Rate and Employment Change. The most important of the readings - change of employment in September - failed. Employment growth was expected by 15.2k people, and the final result was the only 5.6k. This result, however, does not matter when the unemployment rate decreases. The previous reading was 5.3%, analysts did not expect improvement. Nevertheless, the final result was much better - the unemployment rate decreased to the level of 5.0%. The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also, note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems Let's now take a look at the AUD/USD technical picture at the H4 time frame. The Aussie reaction was strong and the move up started an hour before the announcement of the data, the rebound occurred around 0.7105.

After the data release, AUD/USD moved by more than 20 pips, then there was an hour-long downward reversal, and finally, there was a rise again. Currently, the price of the Australian dollar is around 0.7125, The nearest support is seen at the level of 0.7111 and the nearest resistance is seen at the level of 0.7136.



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Re: InstaForex - instaforex.com
« Reply #373 on: October 19, 2018, 09:14:06 AM »
Elliott wave analysis of EUR/NZD for October 19, 2018



The break below support at 1.7477 has forced us to review our count from the peak of red wave i/. The break below 1.7477 indicates, that red wave ii/ still is in motion, but could just have completed or be very close to completion. The first good indication of a corrective low being in place, will be a break above resistance at 1.7557 and more importantly a break above resistance at 1.7657. As long as resistance at 1.7557 stays untouched, we must accept the possibility of red wave ii/ moving a little lower towards 1.7357, but we think the potential downside is limited to here.

 R3: 1.7598

R2: 1.7557

R1: 1.7493

Pivot: 1.7476

S1: 1.7455

S2: 1.7400

S3: 1.7357

Trading recommendation:

 Our stop at 1.7465 has been hit. We will only buy a break above 1.7557.

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Re: InstaForex - instaforex.com
« Reply #374 on: October 22, 2018, 09:10:36 AM »
Control zones GBPUSD 10/22/18

The pair continues to trade in a descending medium-term impulse. Friday's upward movement did not disrupt its structure, which indicates a high probability of a further fall.

At the beginning of the current week, the pair is trading within the framework of the correctional upward movement, since the growth of the pair did not exceed the NKZ 1/2 framework, the upper limit of which is at the level of 1.3143. As long as the pair continues to trade below this mark, the test of the last week's low seems the most likely outcome. The most favorable prices for selling the tools are located at the level of 1.3143.



The fall may continue from the current levels, so you need to be ready to break the patterns for selling. The main condition for making sales is the risk-to-profit ratio of 1 to 3 when calculating the profit at the low of last week.

For violation of the downward movement, it will require growth and closing of today's US session above the level of 1.3143. If this happens, subsequent growth will be most likely, and the test of the previous week's high will be the first goal of the upward movement. This model has a probability of realization of 30%, therefore it should be used as an auxiliary in today's trade.

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Re: InstaForex - instaforex.com
« Reply #375 on: October 23, 2018, 08:54:52 AM »
Ethereum analysis for 23/10/2018


Fork, named "Constantinople", was first tested on October 13 on the Ethereum public test - Ropsten - and was planned to be activated in the main Ethereum block by the end of October - November this year.

Testnet is essentially a simulated version of the basic network that allows programmers to try out smart contracts or improvements without having to pay "for fuel" (calculation fees) for their execution. At the end of yesterday's meeting, the developers reached a consensus - Constantinople will be implemented at the earliest at the end of January 2019. Yesterday's meeting took place after the debut of Constantinople on Ropsten encountered a number of obstacles.

Before activating block 4 230 000, the fork stopped at block 4 299 999 for two hours - the testnet miners did not start the passage. Ethereum's client developer, Alfri Schoeden, explained that this was due to the "consensus problem" that triggered the "three-way fork" between Geth and Parity (two Ethereum clients). In the notes published before yesterday's meeting, Schoeden outlined that "recently added hash power resulted in shortened blocking times and caused hard fork to happen much earlier than expected on Saturday." He suggested that it was "the worst possible time for hard fork".

Hard fork Constantinople is a system-wide Ethereum update designed to improve network performance. In particular, it includes plans to reduce block prizes for miners, as well as changes to the network consensus mechanism that would make it more resistant to ASIC miners. Let's now take a look at the Ethereum technical picture at the H4 time frame. The market is still moving inside of the consolidation zone as the sideways trend continues.

The nearest support is seen at the level of $195 and the nearest resistance is seen at the level of $204. Nevertheless, the momentum is still below its fifty level, which means the support might be tested any time now.



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Re: InstaForex - instaforex.com
« Reply #376 on: October 24, 2018, 09:23:43 AM »
Global macro overview for 24/10/2018

The expectations regarding the possibility of meeting the leaders of the two largest economies in the world are clearly descending. Both Trump and Xi are pessimistic about the chance to resolve the deepening trade war. Larry Kudlow confirmed yesterday that the presidents will meet "for a moment" during the G20 meeting, which will take place on November 30 in Buenos Aires. There is a chance to "establish the basic principles of cooperation", but Kudlow stressed that it is better not to count on it.

International corporations are already feeling the effects of the trade war, the problem is also beginning to affect consumers in the US and China. According to sources from the Middle Kingdom, the Chinese administration is less willing to settle than at the beginning of the conflict and is now preparing for a long fight and adaptation to new trade conditions.

Let's now take a look at the SP500 technical picture at the H1 time frame. The bulls have bounced from the technical support level at 268.45 and have managed to fill the gap between the levels of 274.86 - 271.71. Moreover, the price has hit the 50% Fibonacci retracement level of the last big swing down. Nevertheless, the market still trades below the short-term descending trend line and below the 61% Fibo at the level of 276. 34, so there is still no reason to get excited for bulls as they must break through the trend line to establish control over the market. If they will not break through, the bears will push the prices lower again.

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Re: InstaForex - instaforex.com
« Reply #377 on: October 25, 2018, 09:24:54 AM »
Technical analysis of Gold for October 25, 2018

Gold has pulled back yesterday towards the break out area and back tested it successfully as prices bounced from the break out area and are now close to their recent highs. As we said yesterday we remain bullish as long as the price is above $1,220.



Blue rectangle - support

Red line - target

 The Gold price bounced off short-term support and is now trying to make higher highs. The Gold price has reached our first target of $1,220 and our second target of $1,240. The Gold price has the potential to make an equal leg higher towards $1,260-70. This is our third target. Bulls remain in control of the trend as long as the price is above $1,220. Breaking below $1,220 will make it bearish.

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Re: InstaForex - instaforex.com
« Reply #378 on: October 26, 2018, 08:38:28 AM »
Elliott wave analysis of EUR/NZD for October 26, 2018



EUR/NZD has finally broken above short-term important resistance at 1.7557. This break confirms that red wave ii/ completed with the test of 1.7355 and red wave iii/ towards 1.8345 now is developing.

Due to the hidden divergence we showed in yesterdays post, we expected this rally to be strong and accelerating higher towards the 1.8345 target.

The former resistance at 1.7557 is now acting as support.

R3: 1.7657

R2: 1.7625

R1: 1.7598

Pivot: 1.7557

S1: 1.7515

S2: 1.7495

S2: 1.7475

Trading recommendation:

We are long EUR from 1.7495. We will move our stop higher to 1.7385. If you are not long EUR yet, then buy near 1.7557 and use the same stop at 1.7385.

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Re: InstaForex - instaforex.com
« Reply #379 on: October 29, 2018, 08:53:06 AM »
Global macro overview for 29/10/2018

In line with market expectations, the Central Bank of Canada (Bank of Canada, BoC) decided to raise interest rates by 0.25 p.p. during the summary of the October meeting on monetary policy up to 1.75%, which is the highest level in ten years. However, the market's attention was not focused on the hike itself, but on the content of the monetary policy statement, which was undoubtedly taken away as hawkish.

The most important element was the removal of the record of gradual increases in interest rates, which should be understood that these can take place much faster than before. In addition, BoC draws attention to the stabilization of the housing market, consumer inflation at the level of 2% at least until 2020 (after holiday increases) and gently raises economic forecasts to 2.1% for 2018, 2.1% for 2019 and 1.9% for 2020. The bank notes that further interest rate hikes will depend on how the economy will react to the existing normalization, while adding that higher rates are necessary to achieve and maintain the inflation target. "The global economic outlook remains solid.

The US economy is particularly strong and is expected to be moderate over the forecast horizon, in line with the projection included in the July Monetary Policy Report (MPR). A new agreement between the US and Mexico and Canada (USMCA) will reduce the uncertainty of trade policy in North America, which has significantly reduced business confidence and investment. However, the trade conflict, especially between the United States and China, has an impact on global economic growth and commodity prices.

The volatility of financial markets has returned to the surface and some emerging markets are under pressure, but overall, global financial conditions remain favorable" said the Canadian Bank in the Monetary Policy Statement.

 Let's now take a look at the USD/CAD technical picture at the H4 time frame. The market has broken through the technical resistance at the level of 1.3133, but it reversed quickly towards the support at the level of 1.3068. Currently, the price is trying to break out again, but there is no momentum behind this move as the RSI indicator remains weak. Moreover, the market is clearly overbought, so the short-term pullback might continue towards the level of 1.3068 again or even 1.3027.



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Re: InstaForex - instaforex.com
« Reply #380 on: October 30, 2018, 08:21:02 AM »
Technical analysis: Intraday Level For EUR/USD, Oct 30,2018




When the European market opens, some Economic Data will be released such as Italian 10-y Bond Auction, Prelim Flash GDP q/q, Italian Prelim GDP q/q, German Unemployment Change, Spanish Flash CPI y/y, French Consumer Spending m/m, German Prelim CPI m/m, and French Flash GDPq/q. The US will also release the Economic Data such as CB Consumer Confidence, and S&P/CS Composite-20 HPI y/y, so amid the reports, the EUR/USD pair will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1431. Strong Resistance:1.1424. Original Resistance: 1.1413. Inner Sell Area: 1.1402. Target Inner Area: 1.1375. Inner Buy Area: 1.1348. Original Support: 1.1337. Strong Support: 1.1326. Breakout SELL Level: 1.1319.

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.

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Re: InstaForex - instaforex.com
« Reply #381 on: October 31, 2018, 09:30:37 AM »
Technical analysis for AUD/USD for October 31, 2018



Technical outlook:

 The short-term hourly chart depicted here signals that bulls are on their way towards 0.7200 levels soon. Please note that the wave structure remains optimistic for bulls after prices broke above the trendline resistance and also took off initial resistance at 0.7110 earlier. The subsequent swing drop was also seen through fibonacci 0.618 support at 0.7050 levels. Ideally, we can expect AUD/USD to remain in control of bulls until prices stay above 0.7020 levels going forward. The scenario of a re-test of 0.7050 levels is still valid. Please consider that event as yet another buying opportunity. Looking into a medium-term outlook, the AUD/USD pair looks like it is going to resume its corrective rally towards at least 0.7370 levels if not further.

Trading plan:

Remain long, stop below 0.7020, target above 0.7350.

Good luck!

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Re: InstaForex - instaforex.com
« Reply #382 on: November 01, 2018, 09:12:10 AM »
Technical analysis for Gold for November 1, 2018

Gold price has broken below $1,220 and has moved lower towards the break out area of $1,215-13. Price back tested this support level and bounced. This is a bullish sign. Gold bulls do not want to see prices break below yesterday lows. They want now to see higher highs and higher lows.



Magenta rectangle - previous resistance now support area

Gold price is bouncing back above $1,220. This is a very bullish sign. Bulls need to hold above the support area and steadily start a new upward move with higher highs and higher lows. Next resistance for Gold is at $1,223.50 and next at $1,234. A four hour candle close above $1,234 would be a very bullish sign. On the other hand bulls do not want to see price break below $1,212. This would imply that the entire bounce from August lows is most probably over. Bulls do not want to see price make lower lows and lower highs.

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Re: InstaForex - instaforex.com
« Reply #383 on: November 02, 2018, 08:58:56 AM »
Bitcoin analysis for 02/11/2018

Bitcoin and altcoins are "a new institutional investment class" - says Morgan Stanley, one of the largest investment banks in the world, acting as a financial advisor for the largest companies, governments and financial institutions. "Decrypted Bitcoin: short teaching and implications" - this title document states that Morgan Stanley surprisingly changes the attitude towards cryptocurrencies. According to the latest publications, the bank sees a strong creation of new funds targeted at this sector, as well as an increase in futures contracts related to crypto.

The positive nature of the document, despite the bearish market this year and the related price drops, is one of the strongest signs that Wall Street is willing to make friends with Bitcoin. Researchers also maintained a positive opinion on decentralized technology, describing it as making the world a better place. Investment giants routinely emphasize the clients' demand, motivating them to cooperate with the industry.

Last month, anonymous sources told the main media that Morgan Stanley would follow in the footsteps of other heavyweight Wall Street players like NASDAQ and Citigroup, considering options for Bitcoin transactions for customers. Let's now take a look at the Bitcoin technical picture at the H4 time frame.

 The market has bounced from the level of $6,173 and broke through the technical resistance zones at the levels of $6,297 and $6, 323. There is a new local high made at the level of $6,345 as well, just below the weekly pivot at the level of $6,367. Nevertheless, to move even higher the market must break out above the technical resistance zone at the level of $6,455.



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Re: InstaForex - instaforex.com
« Reply #384 on: November 05, 2018, 09:47:23 AM »
Global macro overview for 05/11/2018

The Governor of the Bank of Japan had his speech overnight. Kuroda said the market situation has improved somewhat since the last monetary policy adjustment that took place in July. The central bank is aware that a very loose policy affects the stability of the financial market. Commercial banks take on more risk than usual, which may be problems in the future.

As yet, the risk of financial destabilization is small, but the Bank of Japan monitors its development on an ongoing basis. Currently, the biggest risk factor is external factors, primarily economic protectionism of large economies. The tightening of monetary policy will start only after reaching the inflation target of 2.0%.

Let's now take a look at the USD/JPY technical [picture at the H4 time frame. The market is still trading below the technical resistance at the level of 113.28 - 113.38 zone, but the market conditions are still positive and indicate a possible move upward. The local support is seen at the level of 112.88 and 112.55, so as long as the price is trading above those levels the outlook remains bullish.



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Re: InstaForex - instaforex.com
« Reply #385 on: November 06, 2018, 08:08:13 AM »
Control zones of AUD / USD for November 5, 2018

At the end of last week, there was a strong growth of the pair, which led to the implementation of the priority upward model. Any decrease at the beginning of the current week is corrective and allows you to search for favorable prices for the purchase of an instrument.

Today, the pair is trading within the NKZ 1/2 0.795-0.7189, which is an important support. As long as the pair remains above the zone, the upward movement continues to be a medium-term impulse. The main goal of growth is the maximum of last week, the achievement of which will allow to close part of the purchases. The rest will need to be transferred to breakeven. Favorable prices for the purchase are within the NKZ 1/2. Stop must be made at least Friday. In this case, the ratio of risk to return will be greater than 1: 3.



It is important to note that the growth of last Thursday exceeded the daily average range by two times, which may require the formation of a deeper correctional model. This suggests the need to consider a possible reduction to a weekly short circuit.

For the formation of an alternative model, it will be necessary to close today's American session below the NKZ 1/2 0.7195-0.7189. If this happens, the decline will continue, and its goal will be the weekly short-term fault of 0.7133-0.7120, where the fate of the medium-term upward impulse will be determined. This model has a high probability, which indicates the need to search for purchases after the test weekly short circuit. Short deals with the formation of a reversal pattern will be local and should not be aimed at taking a medium-term profit.



The daily short-term fault is the daily control zone. The area formed by important data from the futures market, which change several times a year. The weekly short-term fault is the weekly control zone.

The zone formed by the important marks of the futures market, which change several times a year.

The monthly short-term fault is monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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Re: InstaForex - instaforex.com
« Reply #386 on: November 07, 2018, 08:26:12 AM »
Technical analysis: Intraday Level For EUR/USD, Nov 07, 2018



When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, Retail Sales m/m, Italian Retail Sales m/m, and German Industrial Production m/m. The US will also release the Economic Data such as Consumer Credit m/m, 30-y Bond Auction, Crude Oil Inventories, and Mortgage Delinquencies, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1524. Strong Resistance:1.1517. Original Resistance: 1.1506. Inner Sell Area: 1.1495. Target Inner Area: 1.1467. Inner Buy Area: 1.1439. Original Support: 1.1428. Strong Support: 1.1417. Breakout SELL Level: 1.1410. 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.

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