Thread: InstaForex Wave Analysis

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Forex Analysis & Reviews: Forecast for USD/JPY on February 27, 2023

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On Friday, the yen showed its intention to break through the 137.70 target. Overcoming the resistance of this embedded price channel line will allow the pair to try and hit 138.90, 140.90 as well as other target levels.



However, this brilliant plan is hindered by the Marlin oscillator, which is very reluctant to continue rising on the daily chart. The prospect of its growth is great, but the potential for a reversal to the downside is also great. It is very likely that before the price climbs above 137.70, the correctional decline to 133.90 will follow.



On the four-hour chart, so far, the situation supports the growth scenario - the price is above the indicator lines, and after the reversal from the MACD line, the Marlin oscillator is in a position to rise. We're waiting for the completion of the growing branch of the 133.90-137.70 range.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Analysis are provided by InstaForex.

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Forex Analysis & Reviews: Forecast for GBP/USD on February 28, 2023

Yesterday, the pound made a big gain ahead of the currency market (122 points). The price overcame the signal level of 1.2030 and now it is aiming for the target level of 1.2155. On the daily chart, the signal line of the Marlin oscillator turned out to have made a false plunge under the graphical linear support (turquoise line).



The oscillator's move into positive territory has now dramatically increased the odds. An important sign of the price reversal in the medium-term growth will be its consolidation above 1.2155, the final sign - over the MACD line (1.2315). But this, of course, is an alternative scenario. In current conditions, I don't expect the pound to climb above 1.2155. If such growth happens, it is very likely to be false.



On the four-hour chart, so far, the situation supports the growth scenario - the price is above the indicator lines, and after the reversal from the MACD line, the Marlin oscillator is in a position to rise. We're waiting for the completion of the growing branch of the 133.90-137.70 range.

On the four-hour chart, the price has consolidated above both indicator lines, the Marlin has settled in the uptrend zone. We are waiting for the end of the pound's bullish correction. The opposite signal, confirming the reversal in the medium-term decline, will be the price moving below the MACD line (1.1980).

Analysis are provided by InstaForex.

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Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pairs, Wednesday March 02 2023



If we look on the 4 hour chart The Loonie then there will be 2 important things:
1. The appearance of Bearish 123 pattern.
2. There is a hidden deviation between Price movement with Stochastic Oscillator indicator.

Based on two things above then as long as USD/CAD back to break above the level 1,3658 on the nearest time has the potential to go down to test the level of 1,3533. If this level successfully broken then level 1,3440 will become the next main target to pursue and level 1,3356 will be the second target to test later.

(Disclaimer)
*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.

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FOREX ANALYSIS & REVIEWS: TECHNICAL ANALYSIS OF DAILY PRICE MOVEMENT OF NASDAQ 100 INDEX, THURSDAY MARCH 02 2023.



Nasdaq 100 Index on the daily chart seems continue the decline and currently trying to break below its Bearish Ross Hook at the level 11913.5 where it is also confirmed by the price movement that moves below EMA 10 and MACD indicator which intersects downwards where this all shows that the momentum from #NDX is in a bearish condition so that if this (RH) level is successfully broken down then #NDX has the potential to continue its decline to the level of 11546.3 as the first target and if the momentum and volatility are also supportive then no It is impossible for the 11246.8 level to become the second target with a note that during the descent towards these target levels there was no significant upward correction, especially to break above the 12236.7 level because if this level is successfully penetrated upwards then the downward scenario described previously has the potential not to occur. realized.

(Disclaimer)
*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.

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FOREX ANALYSIS & REVIEWS: FORECAST FOR USD/JPY ON MARCH 3, 2023

The yen is moving up so far, according to our main scenario, to the 137.75 target level. But the technical pressure on the pair is increasing every day. The signal line of the Marlin oscillator is being pushed down, against the rising price. The pair might not reach the 137.75 target.



The pair can continue to rise if the dollar continues a massive attack in all markets, including commodities, then the oscillator's decline will transform before it rises further. And then the price could overcome the target level of 137.75 and the rally will continue to reach 138.90 (July 21, 2022 high).



There is a double divergence on the four-hour chart. If the price goes under the MACD line, below the 136.28 mark, it will also correspond to the move of the Marlin oscillator into the downtrend area. The downtrend will be fueled even more, once the price hits the 134.00 target. A full-fledged growth will start once the price surpasses yesterday's high (137.10).

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Analysis are provided by InstaForex.

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FOREX ANALYSIS & REVIEWS: TECHNICAL ANALYSIS OF DAILY PRICE MOVEMENT OF EUR/GBP CROSS CURRENCY PAIRS, MONDAY MARCH 06, 2023.



On the daily chart EUR/GBP cross currency pairs you can see that the price movement is moving in a downward channel and the appearance of deviations between price movements and the MACD indicator strengthens the potential for a decline in EUR/GBP in the future where currently the 0.8754 level will try to be broken down if this level is successfully broken down and there is no upward correction that passes level 0.8928, EUR/GBP in the next few days will potentially fall down to the 0.8721 level as the first target and the 0.8546 level as the second target.

(Disclaimer)
*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.

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The ability to analyze is a very important factor in forex, which is why as a trader, you must have the ability to analyze. This is done so that the trader can analyze the market accurately and benefit together with Tickmill broker.

FOREX ANALYSIS & REVIEWS: FORECAST FOR USD/JPY ON MARCH 7, 2023

Yesterday's attempts to win back positions against the dollar were suppressed, and the pair ended the day above Friday's closing level by 9 points. The Marlin oscillator is persistently decreasing on the daily chart, but it also creates the potential for the oscillator to move into the overbought zone. We still have an uptrend, and the target is the nearest embedded line of the price hyperchannel around 137.75.



If the price overcomes yesterday's low (135.38), it can continue to fall to the bottom line of the price channel around 134.00.



On the four-hour chart, the price is under the balance and MACD indicator lines. The Marlin oscillator reverses upward, but it still needs to move into the positive area to support the bulls. In order for the pair to continue rising, the price needs to break through the MACD line at 136.53.

(Disclaimer)
*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.

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This is very useful information, and indeed the ability to analyze has an important influence in forex, that's why as a trader, one must always hone their analytical skills, in order to develop and be able to maximize forex trading with Tickmill.