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March 22, 2019

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

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Weekly review for the EUR/USD pair from April 15 to April 20, 2019

When moving down, the price reached the support line of 1.1183 (blue bold line) and moved up last week, tested the resistance line (red bold line). In the coming week, the main question is whether the market will break through this line. Let's try to figure it out. Trend analysis (Fig. 1). In the coming week, the price will move up from the first target of the 21 EMA middle line - 1.1348 (black thin line). Fig. 2 (weekly schedule). Comprehensive analysis: - Indicator analysis - up; - Fibonacci levels - neutral; - Volumes - up; - Candlestick analysis - up; - Trend analysis - up; - Bollinger lines - down; - Monthly schedule - up. The conclusion of the complex analysis - upward movement. The total result of the calculation of the EUR/USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday i

USDJPY: Short-term outlook for the yen remains negative

The IMF has updated its assessment for the growth rate of the global economy. This assessment looks negative compared to the forecasts of 2018. The IMF predicts a slowdown for about 70% of the world economy in terms of value, indicating that negative trends manifested themselves in the second half of last year and will soon develop in 2019. Among large economies, the forecast is improved only for Japan and China. Therefore, if Japan has the lowest GDP growth rates, then China's improvement is a completely unexpected result for most analysts. The deterioration of forecasts was expected, but it does not cause a noticeable reaction in the markets. Oil is steadily growing for the fourth month in a row. Stock indexes continue to break records. Investors prefer not to notice the obvious signals sent by central banks. Meanwhile, a pullback from the policy of tightening the Fed is a clear sign that the recession is approaching, and not a single major Central Bank is left to adhere to ha

Bitcoin analysis for April 04, 2019

BTC has been trading sideways at the price of $4. 994.The risk for the upside positions are increased. According to the H1 time-frame, we found that there is the fake breakout of the resistance at the price of $5.070. In the background we found climatic action, which is sign of the very emotional buying, which may result with the counter reaction from the sellers. After we took huge profit on the upside, we are now neutral to bearish on the BTC. Key short-term support is set at $4.646. Trading recommendation: We got small short position on the BTC from $5.000 and with the target at $4.646. Protective stop is placed at 5.335. The material has been provided by InstaForex Company - www.instaforex.com

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