Tag: Analysis

Forecast for GBP/USD on June 27, 2019


Over the past day, the British pound exchange rate has not changed a point to the current moment. Yesterday, the price channel line on the daily chart and the MACD line on the four-hour chart were strong resistance. On H4, the situation is completely decreasing, the Marlin oscillator remains in the growth zone. If we assume that when the neutral line touches the signal line, the Marlin signal line on the daily can turn around, then the available distance on the indicator is enough to reduce the price to the nearest target level of 1.2610 (minimum of August 15, 2018). The consolidation of the price below the level opens the way to a further decline – 1.2530, 1.2300/10 (November 2016 minimum).



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

Forecast for AUD/USD on June 27, 2019


Yesterday, the Australian dollar grew by 25 points, showing steady growth over all the graphical and resistance indicator on the daily chart. The growth target of 0.7048 is the upper limit of the price channel.

But the observed growth has a big pitfall – on the four-hour chart, the Marlin oscillator is steadily declining against the price growth. Soon, the signal line may be in the negative zone and the growth will weaken with a possible subsequent reversal. The target of 0.7048 may not be reached.

For a full reversal, the price needs to go under the MACD line on the daily chart (0.6945). Below is the MACD line on the chart of the lower scale (0.6935), but if the price overcomes the support on the daily chart, it will be a matter of a short time to go under the MACD line on H4.



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

EUR/USD approaching support, potential bounce!

EURUSD is approaching support where we might see a bounce in price.Entry: 1.1310Why it’s good : Horizontal pullback support, 38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1.1245Why it’s good : Horizontal pullback support, 100% Fibo…

AUD/USD surpassed resistance, potential further rise!

Price surpassed its resistance and we expect to see a further rise to its next resistance at 0.7012.
Entry : 0.6987Why it’s good : key resistance turned support, horizontal pullback support
Stop Loss : 0.6959Why it’s good : 38.2% Fibonacci retracement,…

USD/JPY break out, potential bounce !

Price is bouncing up the resistance-turned-support level and could bounce further.Entry : 107.828Why it’s good : horizontal overlap resistanceTake Profit : 108.727Why it’s good :horizontal swing high resistance, 50% Fibonacci retracementThe material ha…