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The Brexit classic

July 04, 2019

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USD/JPY approaching resistance, potential drop!

USDJPY is approaching 1st resistance at 106.78, potential drop could occur. Entry :106.78 Why it’s good : horizontal swing high resistance 100% &61.8% Fibonacci extension Take Profit : 105.70 Why it’s good :horizontal swing low support 100% Fibonacci extension 38.2% Fibonacci retracement The material has been provided by InstaForex Company - www.instaforex.com source https://www.instaforex.com/forex_analysis/151823/?x=KUCB

EUR/USD analysis for March 20, 2019

EUR/USD has been trading sideways at around 1.1358. Demand is still buoyant, so be careful when selling. According to the H1 time – frame, I have found a potential bullish Wolfe wave pattern in progress. The projected target for the upside is at the price of 1.1500. The price should go towards the estimated target level. Currently there is a running flat bearish correction in creation and bearish divergence on the macd oscillator, which are signs that EUR/USD might trade a bit lower before new buyers join the market. Support level is seen at the price of 1.1293 and the key resistance is seen at the price of 1.1512. Trading recommendation: We are bullish on the EUR from 1.1358. Protective stop is placed at the price of 1.1495 and the main target is set at the price of 1.1500 The material has been provided by InstaForex Company - www.instaforex.com

Elliott Wave analysis of ETH/USD for 08/04/2019

Technical market overview: The ETH/USD pair has broken above the wave (3) top at the level of 177.13 and made a new swing high at the level of 183.34. The bottom of the wave (4) has been established at the level of 152.01 and since then the market has made three waves up, so the move upwards is still not completed. The target for the wave (5) is seen at the level of 200.00, but it will be made at the bearish divergence between the momentum and price. Weekly Pivot Points: WR3 - $226 WR2 - $201 WR1 - $186 Weekly Pivot - $162 WS1 - $146 WS2 - $120 WS3 - $106 Trading recommendations: The longer-term buy orders should remain open and the protective stop-loss might be moved higher to the level of $170. The daytraders should keep an eye on the level of $177 as any breakout below this level would indicate a deeper correction and further wave (4) development. The material has been provided by InstaForex Company - www.instaforex.com

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The Brexit classic

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