Wave Analysis from InstaForex

Discussion in 'Stock Market Investing' started by InstaForex Gertrude, Mar 1, 2016.

  1. InstaForex Gertrude

    InstaForex Gertrude Member

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    USD/CAD Fundamental Analysis April 20, 2017

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    USD/CAD is currently going through a good amount of volatility in the market. There had been bearish impulsive movement with a great pressure which was recently taken out by bullish impulsive moves. We have observed price exhaustions for several times in this pair and currently sentimental confusion going on in USD/CAD. Yesterday CAD Gov. Council Member Wilkins spoke about the key interest rates and monetary policy which did not provide any positive outcome for the currency, as a result USD gained a good amount of strength closing above 1.3450 yesterday. On the USD side, today market is expected to be quite volatile as important economic events like Philly Fed Manufacturing Index is going to be published which is expected to be at 25.6 which previously was at 32.8 and along with it Unemployment Claims report is going to be published which is expected to show an increase to 241K which previously was at 234K. If USD news comes positive today, we might see the pair climbing up much higher in the coming days.

    Now let us look at the technical view, the price has again managed to enter the channel area with a daily close above 1.3450. As of the bullish impulsive pressure and taking out the prior swing on the upside, it is expected that the price will move towards 1.3535-50 resistance area and if the resistance area is taken out with a daily close then we will be looking forward to further upside movement towards 1.40.

    Analysis are provided byInstaForex.
  2. InstaForex Gertrude

    InstaForex Gertrude Member

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    USD/CAD Fundamental Analysis April 20, 2017

    [​IMG]

    USD/CAD is currently going through a good amount of volatility in the market. There had been bearish impulsive movement with a great pressure which was recently taken out by bullish impulsive moves. We have observed price exhaustions for several times in this pair and currently sentimental confusion going on in USD/CAD. Yesterday CAD Gov. Council Member Wilkins spoke about the key interest rates and monetary policy which did not provide any positive outcome for the currency, as a result USD gained a good amount of strength closing above 1.3450 yesterday. On the USD side, today market is expected to be quite volatile as important economic events like Philly Fed Manufacturing Index is going to be published which is expected to be at 25.6 which previously was at 32.8 and along with it Unemployment Claims report is going to be published which is expected to show an increase to 241K which previously was at 234K. If USD news comes positive today, we might see the pair climbing up much higher in the coming days.

    Now let us look at the technical view, the price has again managed to enter the channel area with a daily close above 1.3450. As of the bullish impulsive pressure and taking out the prior swing on the upside, it is expected that the price will move towards 1.3535-50 resistance area and if the resistance area is taken out with a daily close then we will be looking forward to further upside movement towards 1.40.

    Analysis are provided byInstaForex.
  3. InstaForex Gertrude

    InstaForex Gertrude Member

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    Technical analysis of EUR/USD for Apr 21, 2017

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    When the European market opens, some Economic Data will be released, such as Current Account, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:
    Breakout BUY Level: 1.0765.
    Strong Resistance:1.0759.
    Original Resistance: 1.0748.
    Inner Sell Area: 1.0737.
    Target Inner Area: 1.0712.
    Inner Buy Area: 1.0687.
    Original Support: 1.0676.
    Strong Support: 1.0665.
    Breakout SELL Level: 1.0659.

    Analysis are provided byInstaForex.
  4. InstaForex Gertrude

    InstaForex Gertrude Member

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    NZD/USD Intraday technical levels and trading recommendations for April 24, 2017

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    The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

    A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair.

    Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected. Bearish persistence below 0.7250 allowed a further decline toward 0.7100 then 0.6960 which failed to provide enough support for the pair.

    That is why a further fall was expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles.

    Recently, a bullish breakout was achieved above the depicted key level (0.6960).

    That is why the recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now.

    Note the depicted bullish 1-2-3 pattern with projection target around 0.7250 provided that bullish fixation above 0.7080-0.7100 (neckline) is achieved on a daily basis.

    On the other hand, the price level of 0.7100 remains a significant key level to prevent a further bullish advance toward 0.7250.

    Analysis are provided byInstaForex.

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