Instaforex Analysis

**IFX Gertrude** · 01-12-2023, 05:02 AM

Forex Analysis & Reviews: Technical Analysis of Intraday Movement of USD/MXN Currency Pairs, Thursday January 12, 2023.

The USD/MXN currency pair on the 4-hour chart appears to be trying to correct a rally upwards after successfully breaking below the 19,036 level where this is confirmed by the appearance of deviations between price movements and the Awesome Oscillator indicator. The level to be tested in the near future is the area 18,980-19,039 but if before successfully heading to that area level suddenly USD/MXN moves down again to break below the 18,911 level then it is very likely that the scenario described earlier will become invalid and cancel itself.

*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.

Read More

**IFX Gertrude** · 01-13-2023, 10:41 AM

Forex Analysis & Reviews: Analysis of Gold for January 13,.2023 - Breakout of the trading range

Gold has been trading upside as I expected and the price has reached the first upside objective at the price of $1.900. Anyway, I see potential for further upside movement due to the strong upside momentum.

Trading recommendation:

Due to the strong upside pressure and the breakout of the resistance zone at $1.900, I see potential for the further upside movement towards next upside reference.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.950.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control. Key support is set at the price of $1.900

*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.

Read More

**IFX Gertrude** · 01-16-2023, 05:28 AM

Forex Analysis & Reviews: Forecast for USD/JPY on January 16, 2023

The declining trend of the USD/JPY pair and the rising trend of the Marlin oscillator dragged on in a counter move. Taking into consideration the fact that the oscillator is leading, as well as historical data, showing a price reversal following the established trend of the oscillator, I expect the pair to rise, at least a significant correction, from the entire decline since October 21, 2022.

If there are no surprises, the reversal will occur from the nearest support at 127.10, which we can see on the daily chart. The first growth target will be the nearest enclosed line of the price channel around 129.80. Crossing it opens the way to the next line (133.70), which is close to the MACD indicator line. The MACD line acts as an independent level of support and resistance, if it coincides with any other graphic line, reinforcing it.

On the four-hour chart, there is a reversal of the Marlin oscillator. There are no other signs of reversal. But while these signs are forming, the price can still manage to reach the support 127.10.

*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.

Read More

**IFX Gertrude** · 01-17-2023, 06:40 AM

Forex Analysis & Reviews: Forecast for EUR/USD on January 17, 2023

As we expected in yesterday's review, due to the US holiday, the euro moved sideways, confirming the consolidation above the target range of 1.0758/87. But over the past 24 hours important nuances appeared, while the main idea of the price breakdown of t1.0990 is preserved.

Our traditional Marlin oscillator still has the potential to form a renewed flat divergence, which is marked with a dotted line, and the so-called slow Marlin managed to form a traditional divergence, which increases the probability of a price reversal from the current levels. This will be confirmed once the price crosses the lower limit of the support range at 1.0758/87. Crossing yesterday's high at 1.0874 will push the pair to rise towards the target at 1.0990.

On the four-hour chart, under the pressure of a double divergence, the signal line went under the zero line, into the area of the downtrend. Now the price will be under pressure in the short-term. On the current chart, we see that crossing the lower limit of the range at 1.0758 coincides with crossing the MACD indicator line, and this will enhance the signal for further downward movement. We wait 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 by InstaForex.

Read More

**IFX Gertrude** · 01-18-2023, 05:18 AM

Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of AUD/JPY Currency Pairs, Wednesday January 18, 2023

It can be seen clearly on the daily chart that the AUD/JPY currency pair is moving in a downward channel which means the bias is still bearish but currently it is corrected upwards especially since the emergence of the Bullish 123 pattern which was followed by the appearance of the Ross Hook where this level will be tested in the near future. tested by AUD/JPY so that if the 91.76 level is successfully penetrated above it then AUD/JPY in the next few days has the potential to appreciate up to the 93.50 level as the main target and the 95.03 level will be the next target to be tested but please pay attention to the emergence of the AUD Ascending Broadening Wedge pattern /JPY has the potential to fall back to its main bias (Bearish) where if the 86.97 level is penetrated below then all scenarios of an upward rally that have been described previously will become invalid.

*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.

Read More

**IFX Gertrude** · 01-19-2023, 05:22 AM

Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Silver Commodity Asset, Thursday January 19 2023.

If we look at the 24,075-24,232 area level on the daily chart of commodity assets, Silver seems to function as a quite strong and significant resistance area because it is difficult for Silver to penetrate upwards where failure to penetrate above that level area creates Hagopian Rules conditions for this commodity asset that is in the channel. Bullish Pitchfork so that in the next few days Silver has the potential to fall corrected down to the level of the 22,010 - 21,400 area unless on the way down it suddenly Silver starts to rally again up significantly to break above the 24,485 level then the downside correction scenario described just now will become null and cancel by itself.

*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.

Read More

**IFX Gertrude** · 01-20-2023, 10:43 AM

Forex Analysis & Reviews: Forecast for USD/JPY on January 20, 2023

After the yen experienced increased volatility on Wednesday, the currency in question is moving sideways both yesterday and this morning as well. At the same time, traders are still bullish on the pair, the nearest target is 129.80, which is the line of the price channel on the higher chart. In case the quote continues to rise, the upper line of the descending green price channel is waiting around the 130.67 mark. Leaving the channel will open the next target at 133.60.

The Marlin oscillator supports the price growth by rising in its own ascending channel. Crossing the signal line of the oscillator above the zero line will strengthen the price growth. On the four-hour chart, the Marlin oscillator is rising in the green zone, but growth is hampered by resistance of the balance indicator line. The MACD line is currently above the price, above the resistance of 129.80 on the daily chart.

Also, considering the downtrend, we can assume other market obstacles to the pair's growth. With time, however, we still expect a full-fledged correction from the price decline from October 21.

*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.

Read More

**IFX Gertrude** · 01-23-2023, 06:05 AM

Forex Analysis & Reviews: Forecast for EUR/USD on January 23, 2023

The stock markets' brisk rise helped keep the euro from nearly an "imminent" breakthrough from the 9-month high. This morning, there is a gap. Even the signal line of the Marlin oscillator was above the divergence line.

We don't know why the S&P 500 rallied by 1.89% on Friday, almost simultaneously (since Thursday) with pension funds contributions being cut to delay the "shutdown", as the US starts a hot period of disputes about the limit of the national debt.

In the meantime, the euro is moving towards the target level of 1.0990. But the gap is open, and if it closes after crossing 1.0990 or if the price doesn't reach this mark, we don't know what will happen. I don't expect the euro to rise above 1.0990, we consider the given growth only as a temporary way out of the general strategy, which involves a decrease in risk appetite.

On the four-hour chart, nothing interferes with growth, except for the window at the opening of the session. The price is above the indicator lines and the Marlin oscillator is in a good position for growth. The growth is expected to be short-term.

*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.

Read More

**IFX Gertrude** · 01-24-2023, 05:56 AM

Forex Analysis & Reviews: Forecast for EUR/USD on January 24, 2023

Investors are stubbornly buying stock market instruments and bringing confusion to the related currency market. Yesterday, the S&P 500 gained 1.19% and the euro gained 15 pips. There is a double divergence on the daily chart, but the market's desire to change this technical pattern is obvious. The 1.0990 target is getting closer.

The eurozone business activity indicator for January will be released this afternoon, the forecast is 50.2 points against 49.8 in December. In the US, this indicator may also show growth (the forecast is 45.0 vs. 44.7 previously), but manufacturing PMI is expected to weaken to 46.0 from 46.2 in December, while in Germany the Manufacturing PMI is expected to rise to 47.9 from 47.1. The euro can take advantage of this divergence.

On the four-hour chart, the upward trend is still present - the price is above the indicator lines and the Marlin is in a rising position. The closest signal to a downtrend will be when the price crosses the support of the MACD line, below 1.0824.

*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.

Read More

**IFX Gertrude** · 01-25-2023, 05:40 AM

Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday January 25, 2023.

On the 4th hour chart Crude Oil commodity asset seems that there is a discrepancy between the price movement and the Awesome Oscillator indicator which confirms that in the near future there will be a downward movement below the 79.66 level which is the Equal Low level so that if this level is successfully broken below then the 78.12 level will be the next target to be tested but if on the way down suddenly #CL turned up and penetrated the 82.62 level,it is very likely that the decline scenario that has been described will become invalid and cancel itself.

*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.

Read More