Thread: InstaForex Wave Analysis

NZD/USD approaching support, potential bounce!



NZDUSD is approaching our first support at 0.67556 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.

NZD/USD approaching support, potential bounce!




NZDUSD is approaching our first support at 0.6744 (long term ascending support line, horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.

Nikkei approaching resistance, potential drop!





Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.

AUD/USD approaching resistance, potential drop!





AUDUSD is approaching our first resistance at 0.7145 (horizontal swing high resistance, 78.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 0.7111 (38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.

EUR/USD approaching resistance, potential bounce!





EURUSD is approaching our first support at 1.11744 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where a strong bounce to our first resistance at 1.13369 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) might occur. Stochastic is also approaching support where we might see a bounce above this level.


Analysis are provided byInstaForex.

GBP/USD approaching resistance, potential drop!




GBPUSD is approaching our resistance at 1.3118 (horizontal overlap resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3039 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.

XAU/USD approaching resistance, potential drop!





XAUUSD is approaching our first resistance at 1307.84 (61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1297.82 (38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.

Technical analysis: Intraday Levels For EUR/USD, Apr 12, 2019





When the European market opens, some economic data will be released such as Industrial Production m/m. The US will also publish the economic data such as Treasury Currency Report, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Import Prices m/m, and Import Prices m/m, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1315. Strong Resistance: 1.1309. Original Resistance: 1.1298. Inner Sell Area: 1.1287. Target Inner Area: 1.1261. Inner Buy Area: 1.1235. Original Support: 1.1224. Strong Support: 1.1213. Breakout SELL Level: 1.1207.


Analysis are provided byInstaForex.

USD/CAD approaching support, potential bounce!





USDCAD is approaching our first support at 1.3295 (horizontal swing low support, short term ascending line) where a strong bounce might occur above this level pushing price up to our first resistance level at 1.3407 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price.


Analysis are provided byInstaForex.

XAG/USD approaching support, potential bounce!





XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% retracement , short term ascending line) where a strong bounce might occur to our first resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement ). Stochastic is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.


Analysis are provided byInstaForex.