Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
+ Reply to Thread
Page 277 of 277 FirstFirst ... 177 227 267 275 276 277
Results 2,761 to 2,768 of 2768

Thread: Wave Analysis by InstaForex

  1. #2761
    InstaForex Official Representative
    ----
     
    IFX Gertrude is an unknown quantity at this point IFX Gertrude's Avatar
    Join Date
    Jun 2012
    Posts
    646
    Thanks
    1
    Thanked 1 Time in 1 Post
    Inflation did not please investors

    The European currency managed to strengthen its positions against the US dollar in the first half of the day, but riskier assets did not receive more powerful support from the large players, as the inflation data in the euro zone fully coincided with the forecasts of economists.

    The situation in the German labor market is excellent. According to the data, the number of applications for unemployment benefits decreased, and unemployment reached a record low level.

    Thus, the number of unemployed in January this year fell by 25,000 compared to December 2017. Economists had expected a reduction of 16,000. In January, the Federal Labor Agency of Germany registered 736,000 vacancies, which is 89,000 more than in January 2017.

    The unemployment rate in Germany fell to 5.4%.

    Not surprisingly, after such data, and based on past reports, the German Ministry of Economy raised the forecast for GDP growth in 2018 to 2.4% from 1.9% after growing by 2.2% in 2017. It is expected that such a strong growth will be due to good external and internal demand, as well as good labor market conditions.

    The inflation data did not cause any serious changes in the market, as investors expected more serious changes in the dynamics.

    According to the report, in January this year, compared with the same period of the past, the consumer price index rose by 1.3%, which fully coincided with the forecasts of economists. As you can see, the current level is far from the level set by the European Central Bank, which is slightly below 2%. Core inflation rose to 1% from 0.9%.



    As for the euro-zone labor market, according to the statistics agency's report, the unemployment rate in the eurozone in December 2017 remained unchanged at 8.7% against 8.7% in November. Economists also forecast the current level of unemployment.

    Data from ADP did not strongly support the US dollar, although they were much higher than economists' forecasts, which indicates the good position of the US labor market.

    According to the report, the number of jobs in the private sector in the US increased by 234,000 in January this year, while economists forecast an increase of 193,000. The ADP noted that there was a strong hiring of medium and large companies.

    A serious breakthrough of the level of 1.2450 did not happen. Most likely, traders took a wait-and-see attitude before the Fed decision on interest rates, and the publication of the accompanying statement. Only a real breakthrough of the range 1.2445-1.2455 will lead to continued growth in risk assets with an update of 1.2500 and a new high at 1.2560.

    Analysis are provided byInstaForex.

  2. <a href="https://www.instaforex.com/company_news">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>
  3. #2762
    InstaForex Official Representative
    ----
     
    IFX Kerstin is on a distinguished road IFX Kerstin's Avatar
    Join Date
    Aug 2012
    Posts
    702
    Thanks
    1
    Thanked 9 Times in 9 Posts
    The buyers of the euro are ready



    Despite weak performance in the manufacturing sector, the European currency continues to make attempts to grow against the US dollar. It is maintaining an upward price channel.

    It was only in Italy where there was an increase in the index of production while in France and Germany, the similar index slowed slightly.

    According to the report of the statics agency, the index of supply managers for the manufacturing sector in Italy for the month of January this year rose to 59.0 points, compared to 57.4 points in December last year. Economists predicted the index at the level of 57.3 points.

    In France, there is a marked decrease in activity in the manufacturing sector. According to the report, the index of supply managers for the manufacturing sector in January fell to 58.4 points against the December index of 58.8 points. Economists and market participants did expect a decline to the level of 58.1 points.

    In Germany, the index of supply managers also slowed its growth. According to the data, PMI for Germany's manufacturing sector in January fell to 61.1 points against 63.3 points in December 2017. Economists had expected the index to fall to the level of 61.2 points.

    If we talk about the euro area as a whole, then there is also a slight decline. According to the statistics agency, the index of supply managers PMI for the production area of the eurozone in January dropped to 59.6 points, compared to 60.6 points in December. The data fully coincided with the forecasts of economists.

    It is important to note that finding the index above the level of 50 points indicates an increase in activity.

    The current data that's at a rather slight decline in indicators at the beginning of this year will not likely affect the data on GDP seriously in the first quarter of 2018, which is confirmed by the market reaction to the data.

    As for the technical picture of the EURUSD pair, so far the situation is developing in favor of buyers as it managed to keep the trade in an upward price channel. The lower limit of this level is at the January 30 low. The breakthrough of resistance at the level of 1.2470 opens up good prospects for the EURUSD pair for further growth of the trading instrument in the area of annual maximums at 1.2540.

    A similar index that's already in the UK, also did not put pressure on the British pound, even despite its slowdown to a 6-month low.

    According to a report by research company IHS Markit Ltd., the index of supply managers for the UK manufacturing sector in January was 55.3 points compared to 56.2 points in December. The value of the index above 50 indicates an increase in activity. Economists had expected the index to be 56.5 points.

    Analysis are provided byInstaForex.

  4. #2763
    InstaForex Official Representative
    ----
     
    IFX Gertrude is an unknown quantity at this point IFX Gertrude's Avatar
    Join Date
    Jun 2012
    Posts
    646
    Thanks
    1
    Thanked 1 Time in 1 Post
    Daily analysis of GBP/USD for February 05, 2018

    The pair is struggling to consolidate the price action above the resistance level of 1.4280 and it seems that the 200 SMA could act, once again, as a dynamic support. If that happens, GBP/USD could resume the overall bullish bias and can skyrocket towards the 1.4393 level. MACD indicator remains in the negative territory, calling for a leg lower.



    H1 chart's resistance levels: 1.4280 / 1.4393
    H1 chart's support levels: 1.4060 / 1.3937

    Trading recommendations for today:
    Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4280, take profit is at 1.4393 and stop loss is at 1.4168.

    Analysis are provided byInstaForex.

  5. #2764
    Where am I?
    ----
     
    Ifxbuk is an unknown quantity at this point Ifxbuk's Avatar
    Join Date
    Feb 2018
    Posts
    16
    Accumulated bonus
    0.00 USD
    Thanks
    0
    Thanked 1 Time in 1 Post
    Technical analysis of NZD/USD for February 07, 2018



    Overview:

    The NZD/USD pair didn't make a significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in the nearest term testing 7437 or higher. The NZD/USD pair is climbing from the price of 0.7305 in the long term. It should be noted that the support is established at the level of 0.7305 which represents the daily pivot point on the H4 chart. The price is likely to form a double bottom in the same time frame. The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7305. So, buy above the level of 0.7305 with the first target at 0.7364 in order to test the daily resistance 1. Moreover, the RSI is still signaling that the trend is upward as it remains strong above the moving average (100). This suggests that the pair will probably go up in the coming hours. If the trend is able to break the level of 0.7364, then the market will call for a strong bullish market towards the target of 0.7437. The level of 1.4250 is a good place to take profits today. On the other hand, in case a reversal takes place and the NZD/USD pair breaks through the level of 0.7305 (pivot point), a further decline to 0.7202 can occur. It would indicate a bearish market.

    https://www.instaforex.com/forex_analysis

  6. #2765
    Where am I?
    ----
     
    Ifxbuk is an unknown quantity at this point Ifxbuk's Avatar
    Join Date
    Feb 2018
    Posts
    16
    Accumulated bonus
    0.00 USD
    Thanks
    0
    Thanked 1 Time in 1 Post
    Fundamental Analysis of GBP/USD for February 13, 2018

    GBP/USD has recently broken the support area of 1.3850-1.3950 which has turned as a resistance area now. The market flow has been quite slow and corrective after breaking below the support and is expected to proceed lower in the coming days. GBP having unchanged after Official Bank Rates and Hawkish Bank of England statement failed to gain the momentum it needed to counter against the impulsive bearish move in the pair recently. Today, GBP CPI report is going to be published which is expected to decrease to 2.9% from the previous value of 3.0%, PPI Input is expected to increase to 0.7% from the previous value of 0.1%, RPI report is expected to show an unchanged value of 4.1%, Core CPI is expected to increase to 2.6% from the previous value of 2.5%, HPI report is expected to decrease to 4.9% from the previous value of 5.1%, and PPI Output is also expected to decrease to 0.2% from the previous value of 0.4%. The economic reports are expected to have mixed outcome which is expected to lead to further correction and volatility in the market ahead of the high influencing economic reports of USD to be published this week. On the other hand, today, USD NFIB Small Business Index report is going to be published which is expected to increase to 106.2 from the previous figure of 104.9, and FOMC Member Mester is going to speak about the monetary policies and the upcoming interest rate decision which is more likely to have an increase on March 2018. As of the current scenario, USD is expected to be the dominant currency in the pair having GBP struggling with the mixed economic reports and market sentiment not favoring the GBP gains despite having positive economic reports and events recently. Now let us look at the technical view. The price is currently residing at the edge of the 1.3850-1.3950 resistance area from where the price is expected to proceed lower towards the 1.36 support area. The price is being held by the dynamic level of 20 EMA as well which also increased the probability of the upcoming bearish pressure in the pair. As the price remains below the 1.3850-1.3950 resistance area, the bearish bias is expected to continue further.



    Read more: https://www.instaforex.com/forex_analysis/109607

    ---------- Post added 02-14-2018 at 08:55 AM ---------- Previous post was 02-13-2018 at 10:27 AM ----------

    Daily analysis of USDX for February 14, 2018

    The index made a retracement below the 200 SMA at H1 chart, looking to test the support zone of 89.36. A break below that area will expose the 87.88 level as the next key area for the bulls. To the upside, the critical resistance still lies at 90.63, at which the US Dollar could gain momentum in order to resume the bullish bias.



    H1 chart's resistance levels: 90.63 / 91.75

    H1 chart's support levels: 89.36 / 87.88

    Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 89.36, take profit is at 87.88, and stop loss is at 90.81.

    Read more: https://www.instaforex.com/forex_analysis/109700

    ---------- Post added 02-15-2018 at 08:35 AM ---------- Previous post was 02-14-2018 at 08:55 AM ----------

    The dollar has good reasons to turn up

    As a result of Wednesday, the US dollar collapsed against all major currencies. What's very strange is this happened against the background of positive data on consumer inflation in the US which showed growth in monthly terms while annual values showed a continued growth rate. According to the data presented, consumer inflation in annual terms remained at the same level of 2.1%. The forecast predicted it to fall to 1.9%. On a monthly basis, the index rose sharply by 0.5% against expectations of an increase of 0.3% and a revised upward of December's 0.2%. The figures of the basic consumer price index (CPI) were also pleasing. The annual value of the indicator remained at the previous level of 1.8%.

    It was assumed that it would drop to 1.7%. Last month, the base index added 0.3% while it was expected to increase by 0.2% as in December following the revision. First, the dollar reacted to these positive figures with a noticeable increase in relation to all major currencies but then everything changed. It was actively sold against major currencies which in turn, supported prices for commodity and raw materials. Against this background, the share market in the United States has grown. And the traders clearly ignored the strong growth in yields of government bonds of the US Treasury.

    The yield on the two-year notes added more than 2% on the day's results, indicating a strong increase in expectations for growth rates in March. Futures on federal funds jumped to around 83.1%, indicating that interest rates will be raised by 0.25% at the March meeting. In general, everything that happened in the US stock market that hit at the dollar rate, can be characterized as preparation for probable global sales.

    This will only intensify because of the nearest meeting of the Fed. Ultimately, the increase in yields of government bonds will have an impact on the stock market and it will begin to fall. An important signal to this is a sharp increase in the yield on Wednesday of 10-year Treasuries which grew above the 2.9% mark. In the end, we continue to expect the dollar to turn up towards the Fed meeting next month.

    Forecast of the day:

    The EURUSD pair rose on the wave of a local weakening of the dollar. It is likely that against the backdrop of rising volatility and a prospective rate hike in the US, the pair will fall to 1.2345 if it overcomes the 1.2445 mark.

    The GBPUSD pair also has a potential to decline to 1.3835 if it falls below the level of 1.3990.





    Read more: https://www.instaforex.com/forex_analysis/199790
    Best Regards,
    PR Manager
    InstaForex Companies Group

  7. #2766
    Where am I?
    ----
     
    Ifxbuk is an unknown quantity at this point Ifxbuk's Avatar
    Join Date
    Feb 2018
    Posts
    16
    Accumulated bonus
    0.00 USD
    Thanks
    0
    Thanked 1 Time in 1 Post
    The dollar was unlucky again

    Data on producer prices unexpectedly turned out to be quite good, as their growth rates accelerated from 2.6% to 2.7%. However, the dollar did not help. Strongly disappointed with data on applications for benefits. Not only that the number of initial applications increased from 223, 000 to 230,000 , so the number of continuing applications increased from 1,927,000 to 1,942,000. But the growth rate of industrial production accelerated from 3.4% to 3.7%. But concerns about the overheating of the labor market prevailed, which did not allow the dollar to strengthen. Today there are data on retail sales in the UK, the growth rate of which should increase from 1.4% to 2.6%, which is a clear positive factor against the background of slowing inflation. At the same time, in the U.S., it is forecasted an increase in the number of construction project starts from 1,192,000 to 1,234, 000, while a reduction in the number of issued construction permits from 1,302, 000 to 1,300, 000. Given the strong oversold dollar, it is expected to strengthen against the backdrop of growth number of construction sites.



    The euro/dollar pair has all opportunities to decline to 1.2450.



    Read more: https://www.instaforex.com/forex_analysis/199887
    Best Regards,
    PR Manager
    InstaForex Companies Group

  8. #2767
    Where am I?
    ----
     
    Ifxbuk is an unknown quantity at this point Ifxbuk's Avatar
    Join Date
    Feb 2018
    Posts
    16
    Accumulated bonus
    0.00 USD
    Thanks
    0
    Thanked 1 Time in 1 Post
    Technical analysis of USD/JPY for February 19, 2018



    In Asia, Japan will release the Trade Balance, but the US will not release any Economic Data today. So there is a probability that the USD/JPY pair will move with a low volatility during the day.

    TODAY'S TECHNICAL LEVEL:

    Resistance. 3: 106.68.

    Resistance. 2: 106.47.

    Resistance. 1: 106.26.

    Support. 1: 106.01.

    Support. 2: 105.81.

    Support. 3: 105.59.

    Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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.

    Read more: https://www.instaforex.com/forex_analysis/109984
    Best Regards,
    PR Manager
    InstaForex Companies Group

  9. Fb
  10. #2768
    Where am I?
    ----
     
    Ifxbuk is an unknown quantity at this point Ifxbuk's Avatar
    Join Date
    Feb 2018
    Posts
    16
    Accumulated bonus
    0.00 USD
    Thanks
    0
    Thanked 1 Time in 1 Post
    Analysis of gold for February 20, 2018



    Recently, gold has been trading downwards. The price tested the level of $1,336.00. According to the 30M time frame, I found that the price is trading in the downward channel, which is a sign that sellers are in control. I also found a broken bearish pennant in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of $1,330.00.

    Resistance levels:

    R1: $1,350.07

    R2: $1,353.52

    R3: $1,355.65

    Support levels:

    S1: $1,344.49

    S2: $1,342.35

    S3: $1,338.91

    Trading recommendations for today: watch for potential selling opportunities.

    Read more: https://www.instaforex.com/forex_analysis/110152

    ---------- Post added 02-21-2018 at 11:20 AM ---------- Previous post was 02-20-2018 at 12:16 PM ----------

    The text of the Fed's protocol can further strengthen the dollar

    The market is looking forward to the publication of the text during the minutes of the meeting of the Federal Commission for Open Market Operations, as they hope to see an answer to the question regarding the pace of the rate increase.

    Against the backdrop of lacking news on the previous days, the dollar has some strengthened in anticipation of today's news. First preliminary data on business activity indices in Europe came out, which can further ruin the life of the single European currency. The index in the service sector should decrease from 58.0 to 57.6, and the production index from 59.6 to 59.3, and as a result, the composite index will decrease from 58.8 to 58.5. But the pound has a chance to improve its position to some extent. Not only that, the number of applications for unemployment benefit in the previous month of 8,600 last month may increase by 4,100 amid the stability of the unemployment rate and the rate of wage growth. Also, borrowing of the public sector should be reduced by 11.1 billion pounds.

    However, the dollar's growth will increase in the second half of the day. Preliminary data on indices of business activity can show growth. In particular, the index in the service sector should grow from 53.3 to 54.0, although the production index may fall from 55.5 to 55.4. But the service sector has a heavier impact, the composite index is expected to grow from 53.8 to 54.4. Moreover, home sales in the secondary market may show an increase of 0.9%. Well, the most important event not only for the day but also for the whole week s the publication of the text of the minutes of the recent meeting of the Federal Commission for Open Market Operations. The regulator planned, as many as, three increases for the current year. If the Fed confirms its plans last year, then the dollar will have many reasons for growth.

    The EUR/USD pair will decline to the level of 1.2250. If the contents of the text of the protocol disappoint investors, we should expect growth to 1.2425.It should contain answers to the question about the rate of increase in the refinancing rate in the current year. At the moment, almost everyone agrees that the Fed will raise the rate at least once. But do not forget, this was similar even last year.




    If the text of the minutes of the meeting of the Federal Commission for Operations in the open market will please investors, the GBP/USD pair will drop to the level of 1.3850. Otherwise, we expect growth to 1.4100.



    Read more: https://www.instaforex.com/forex_analysis/200197

    ---------- Post added 02-22-2018 at 07:45 AM ---------- Previous post was 02-21-2018 at 11:20 AM ----------

    USD/JPY is reacting nicely off our resistance, remain bearish

    Price has finally made a pullback to our major resistance at 107.60 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) and is starting to react off it. We remain bearish looking for the price to make a push down to the 105.74 support (Fibonacci extension, horizontal swing low support) once again.

    RSI (89) sees a long term descending resistance line providing downside pressure really well.

    Sell below 107.60. Stop loss at 108.96. Take profit at 105.74.



    Read more: https://www.instaforex.com/forex_analysis/110296
    Best Regards,
    PR Manager
    InstaForex Companies Group

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forex Forum Nigeria Presentation
You are welcome to the Forex Forum Nigeria serving as a virtual salon for communication of traders of all levels. Forex is a dynamically developing financial market which is open 24 hours a day. Anyone can get access to this market via a brokerage company. On this forum you can discuss the numerous advantages of trading on the currency market and all aspects of online trading on MetaTrader4 and MetaTrader5 platforms.

Forex Forum Nigeria Trading discussions
Every forumite can join a discussion of various issues, including those related to Forex but not limited to. The forum has been designed for sharing opinions and helpful information and is open for both professionals and beginners. Mutual assistance and tolerance are highly appreciated. If you would like to share you experience with others or deepen your knowledge of trading craft, you are most welcome to the forum threads dedicated to trading discussions.

Forex Forum Nigeria Dialogue between brokers and traders (about brokers)
In order to be successful on Forex, it is crucial to choose a brokerage company with due diligence. Make sure you broker is really reliable! Thus you will be impervious to many risks and will make profitable trades on Forex. On the forum a rating of brokers is represented; it is based on comments left by their customers. Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker.

Unleashed communication on Forex Forum Nigeria
On this forum you can talk about not only trading issues, but any other topics you like. Offtopping is allowed in a special thread too! Humour, philosophy, social problems or practical wisdom converse about anything you are interested in, including forex trading if you like!

Bonuses for communication on Forex Forum Nigeria
Those who post messages on the forum can receive money bonuses and use them for trading on an account of a forum sponsor. The forum is not meant for gaining profit; however forumites can get these small bonuses as reward for the time spent on the forum and sharing views on the currency market and trading.