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Wave Analysis from InstaForex

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    Wave Analysis from InstaForex


    Dear traders, participants and guests of the portal!

    In this thread we present fresh Forex news. Our news contain exhaustive information about topical events and facts of the financial world; we offer international statistical data in order to help you correct and enhance your trading strategy. We also present video news from InstaForex-TV portal. InstaForex-TV channel provides the latest information about fluctuations of currency rates and forecasts their influence on the future movement of currencies. Our news will be especially useful if you prefer intraday trading and use fundamental analysis.

    #2
    Forecast for EUR/USD on March 20, 2020

    EUR/USD
    The euro collapsed by 250 points on Thursday, pausing on the embedded line of the price channel of the daily chart. The signal line of the Marlin oscillator slightly turned upwards, which may develop into a short-term price correction, as an option, to the February 20 low at the price of 1.0778. The departure of the quote under the price channel line (1.0644) opens the target at 1.0493 - the February 2017 low. Price taking above 1.0778 will extend the correction to 1.0879 - to the October 1, 2019 low.

    The Marlin oscillator also reverses upwards on the four-hour chart, remaining within its own descending channel. We are waiting for the correction to be completed as well as for the euro to fall.

    *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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      #3
      Forecast for EUR/USD on March 23, 2020

      EUR/USD
      The price was marked on the support line of the embedded price channel in the region of 1.0636 on Thursday, Friday, and today. Finally, the signal line of the Marlin oscillator turned upwards on the daily chart, which creates the prerequisite for corrective growth to the level of 1.0879 - to a low of October 1, 2019. Overcoming the Friday low of 1.0636 opens the target 1.0493 - the low of February 2017.



      On the four-hour chart, the Marlin oscillator did not form a strong convergence, the signal line has not yet left the zone of negative indicators. The indicator potential may be enough to work out the price of correctional target of 1.0879.



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

      Analysis are provided byInstaForex.

      Comment


        #4
        Forecast for EUR/USD on March 26, 2020

        EUR/USD
        The euro added more than 90 points yesterday and reached the first target level of 1.0879. Today, the euro added another 50 points in the Asian session, clearly slowing down on the resistance of the balance line (red indicator ) of the daily price scale. The next growth target is the point of coincidence of the Fibonacci level of 38.2% with the enclosed line of the price channel in the region of 1.0967. At about the same moment, the signal line of the Marlin oscillator can touch the zero line - the boundary with the growth territory, and turn down.



        The price touched the MACD line on the four-hour chart, according to Marlin there is no reversal formation, as a result, the price can make a false exit above the MACD line with working out the target on the daily timeframe, after which we wait for the price to turn down with the target at 1.0636.



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

        Analysis are provided byInstaForex.

        Comment


          #5
          Forecast for EUR/USD on March 27, 2020 EUR/USD The euro climbed 150 points on Thursday due to rising risk appetite amid massive infusion of dollar liquidity by the Federal Reserve worth 75 billion dollars a day, the stock market will grow more than 6% (S&P 500 6.24%) and at the same time on the tragic data on applications for unemployment benefits – this past week showed the US economy's opinion in antivirus quarantine, the number of applications reached 3.283 million (!) against the forecast of 1.648 million Before the highest record figure was 669,000 in April 2009. The employment forecast for the next week shows economists' expectations for an increase in unemployment in March from 3.5% to 4.0% and a decrease in non-agricultural employment by 420,000 (in September 2008-422,000). In the euro area, the employment situation is even worse than in the US, but the markets in this situation have traditionally reacted sensitively to the very fact of bad data. Unemployment in Germany for March is expected to rise to 5.1%. We are cautious about the growth of the euro. Also, in the market, investors are taking risks with caution – the trading volume was even less than in the previous days of the week. The correction was already 50% of the fall on March 9-20. The euro's desire to continue its corrective growth to 61.8% will be fraught with even greater difficulties. The Fibonacci level range of 50.0-61.8% contains multiple technical levels that have accumulated since July 2019. The price is currently above the MACD line and the Marlin oscillator has broken into the growth zone, but the market just needs to swing down a little and the indicators will again be in negative values. Consolidating the price above the Fibonacci level of 50.0% (1.1070) will make it possible to continue growth from the Fibonacci level of 61.8% at the price of 1.1170. Moving the price under the 38.2% Fibonacci level, which will also mean breaking through the support of the price channel (1.0970), opening a promising goal of 1.0630 along the lower line of the price channel. The intermediate target level of 1.0879 is the low of October 1, 2019. The price is still in a growing position on the four-hour chart, but the leading indicator Marlin is already turning down. We are waiting for the development of events. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Analysis are provided byInstaForex.

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