Elliott wave analysis of EUR/NZD for September 24, 2018

EUR/NZD should stay above the peak of red wave i at 1.7488 for the next impulsive rally towards 1.8031. If an unexpected break below 1.7488 is seen, the we will have to make a recount of the rally from 1.6534 and count the rally as a series of waves on…

Elliott wave analysis of EUR/JPY for September 24, 2018

EUR/JPY has rallied nicely and is well underway towards 134.07 and above towards the 136.06 – 136.50 zone. In the short-term, we expect support near 131.99 to be able to protect the downside for the next push higher towards 134.07. Support at 131.99 sh…

Fundamental Analysis of EUR/USD for September 24, 2018

EUR/USD has been quite impulsive with the recent bullish gains which lead the price to reside at the edge of 1.1750 after certain bearish retracement on Friday. USD struggle has been extended further which might lead to further bullish momentum in the …

Global macro overview for 21/09/2018

The PMI reading for the Eurozone confirmed what was obvious after the data from Germany and France was published. The mood in the industrial sector has deteriorated, which is not beginning to be reversed. It is just the opposite. The index for Eurozone…

Global macro overview for 21/09/2018

Statistics Canada reports that the Canadian Retail Sales in July are growing by 0.3% in monthly terms to the level of $ 50.9 billion due to higher sales of food, beverages and fuels. Market measurements that exclude the most volatile components of sale…

Control zones of EUR / USD pair for September 21

Yesterday, the implementation of the priority upward model that allowed the pair to gain a foothold above the determining level of resistance at 1.1707. Any depreciation should be regarded as a correction. Strong growth during the Thursday European and…

Control zones of GBP / USD pair for September 21

Yesterday’s growth led to the test of two important target zones. The weekly control zone of 1.3312-1.3288 was reached, located within the monthly CP of September. This fact significantly increases the likelihood of a large offer. Finding the price w…

Bitcoin analysis for September 21, 2018

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Recently, Bitcoin has been trading upwards. The price tested the level of $6.707. According to the H1 time – frame, I found the strong upward momentum and the breakout of key resistance at the price of $6.500. I also found that rising trendline in the background and my advice is to watch for potential pullback to buy. The upward targets are set at the price of $6.855 (Fibonacci expansion 161.8%) and at the price of $7.000. The area from $6.855 and $7.000 is also a strong distribution zone.

Blue line – expected price path

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

EUR/USD analysis for September 21, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1802. Anyway, according to the M30 time – frame, I found the fake breakout of yesterday’s high at the price of 1.1784, which is a sign of weakness. I also found a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1740 and at the price of 1.1720.

Blue line – expected price path

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Analysis of Gold for September 21, 2018

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Recently, Gold has been trading sideways at the price of $1,205.30. Anyway, according to the H1 time – frame, I found potential ending of the upward correction (abc flat) in the background, which is a sign that buying looks risky. I also found the breakout of the most recent support trendline, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $1,201.00 and at the price of $1,192.80.

Blue line – expected price path

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

BITCOIN Analysis for September 21, 2018

Bitcoin has managed to jump higher above $6,500 area and dynamic level of 20 EMA amid impulsive bullish pressure that indicates further bullish momentum for the coming days. The price finally managed to break out of the range which is also a positive s…

Fundamental Analysis of NZD/USD for September 21, 2018

NZD/USD has been quite impulsive with the recent bullish gains which lead the price towards 0.6720 area with a view of making more higher highs. While USD has been struggling for gains amid downbeat economic reports, NZD fround support from economic re…

Technical analysis of USD/CAD for September 21, 2018

Hence, the market is indicating a bearish opportunity below 1.2969 so it will be good to sell at 1.2969 with the first target of 0.9965. It will also call for a downtrend in order to continue towards 1.2796. The daily strong support is seen at 1.2796…

Technical analysis of GBP/USD for September 21, 2018

Overview: On the one-hour chart, the GBP/USD pair continues moving in a bullish trend from the support levels of 1.3052 and 1.3159. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a …

The trading plan as of September 21, 2018

The trading plan as of September 21, 2018The general picture: Strong technique, unclear foundation.On Thursday, the main pair of the currency market EUR / USD gave a strong growth signal against the dollar. Strong zones of resistance 1.1725 – 1.1750 we…