Forecast for AUD / USD pair on March 26, 2019

Trading 26 mar 2019 Commentaire »

AUD / USD pair

On Monday, the Australian dollar closed down by 31 points. In today's Asian session, the price stopped at the intersection of indicator lines between the balance and MACD daily scale. The signal lines of the marlin oscillators of both graphs moved to the growth zone but in the general downward context, these signals may not be informative. Hence, it creates distracting noise. On the other hand, the price cannot overcome the accumulation zone of 0.7060-0.7100, which creates prerequisites for the discharge of the market headed upward to the March 21 maximum at 0.7169, where it will meet the upper border of the price channel.

The return of the "Australian" to the accumulation zone removes the risk of rising prices. Fixing the price under this zone opens the way to the support of the embedded line of the price channel at 0.6932 then extends to the target of 0.6812.

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Forecast for EUR/USD on March 26, 2019

Trading 26 mar 2019 Commentaire »

EUR/USD

On Monday, the euro adjusted after the previous two-day decline by 29 points at the moment, where it found stable resistance of the balance line (red indicator line) and the price channel line of the higher timeframe.

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There was a resistance on the four-hour chart - the MACD indicator line, which shows the trend's direction and is itself a line of support and resistance. The signal line of the oscillator marlin on H4 is still in the declining trend zone, the price will likely turn from the current levels. We are waiting for the price at 1.1155. The intermediate goal is 1.1234 - at least on February 15.

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Forecast for GBP/USD on March 26, 2019

Trading 26 mar 2019 Commentaire »

GBP/USD

Yesterday, the British pound went through slight fluctuations around January's high (1.3216), but not having positive news about Brexit (there was only a rumor about preparing the ground for Theresa May's resignation), the pound is stuck in technical resistance on a lower time frame, and this morning it is again aiming for bearish levels.

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The first such significant level is the MACD line of the daily scale at a price of 1.3018. Below we see the support of the embedded line of the price channel of the weekly timeframe - approximate target of 1.2884.

Marlin oscillator readings of both graphs are neutral. The Parliament's expected adoption of the May-EU deal, previously rejected twice, in our opinion, does not seem to have a strong positive impact on the market.

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Control zones EURUSD 03/26/19

Trading 26 mar 2019 Commentaire »

Upward movement makes it possible for you to get favorable prices for selling the tools. The determining resistance is the NKZ 1/2 1.1364-1.1365. As long as the pair is trading below the specified zone, the drop is still an impulse. The target of the downward movement is the weekly short-term fault of 1.1263-1.1245. Achieving this zone will make it possible to consolidate a large part of the profit, and transfer the rest of the position to breakeven.

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Yesterday's high can be an excellent price for forming a "false breakdown" pattern. In case of a large offer, the best prices will be received after its renewal.

An alternative model will be developed if the pair can continue to grow, and the closing of the current US session will occur above the level of 1.1374. This movement will indicate a cancellation of the downward option and make it possible to consider purchases tomorrow. The probability of implementing this model is at 30%, which makes it a support.

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Daily KZ - daily control zone. The zone formed by important data from the futures market, which change several times a year.

Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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Control zones GBPUSD 03/26/19

Trading 26 mar 2019 Commentaire »

In case the local accumulation zone forms within the NKZ 1/2 1.3214-1.3195, it is necessary to consider the option of both resuming the downward movement and the breakdown with consolidation above the zone. This will make it possible to find deals near the control zone. It is necessary to consider the first trading hours of the European session in order to determine the priority. It will indicate the future direction.

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The formation of the pattern will occur in today's European session. The closure of today's US session will confirm the direction.

To work in a downward direction, it will require the European session to open below the zone. A "false breakdown" pattern must be formed. This will open the way for a decline to the weekly KZ of 1.2996-1.2958. The downward movement is still a priority, since the pair cannot consolidate above the level of 1.3214.

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Daily KZ - daily control zone. The zone formed by important data from the futures market, which change several times a year.

Weekly KZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly KZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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Trading plan for EUR/USD for March 26, 2019

Trading 26 mar 2019 Commentaire »

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Technical outlook:

The EUR/USD pair has stalled below the 1.1340 levels after finding support at the 1.1273 levels last week. Please note that the prices should remain above the 1.1273 levels for bulls to remain in control. In a broader sense, the 1.1175 levels should be held if EUR/USD needs to rally towards the 1.16/1.17 levels going forward. If we consider the drop after breaking resistance at the 1.1448 levels, it is still in the wave 3, which is corrective. Also note that the Fibonacci 0.786 support comes in at the 1.1240 levels and a bullish bounce is possible. But the price breaking further below the 1.1240 levels would increase the probability of giving up support at the 1.1175 levels. From the trading point of view, it is safe to open long deals, but below the 1.1273 levels. The price action unfolding in the next 1-2 trading sessions would confirm whether EUR/USD is going to produce an extended rally towards the 1.1800 levels or not.

Trading plan:

Aggressive traders, remain long with a stop loss order below 1.1273, the target is open.

Conservative traders, remain flat for now.

Good luck!

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Technical analysis: Intraday Levels For EUR/USD, Mar 26, 2019

Trading 26 mar 2019 Commentaire »

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When the European market opens, some economic data will be released such as German GfK Consumer Climate. The US will also publish the economic data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Housing Starts, and Building Permits, 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: 1.1373. Strong Resistance: 1.1366. Original Resistance: 1.1355. Inner Sell Area: 1.1344. Target Inner Area: 1.1317. Inner Buy Area: 1.1290. Original Support: 1.1279. Strong Support: 1.1268. Breakout SELL Level: 1.1261. (Disclaimer)

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Technical analysis: Intraday levels for USD/JPY, Mar 26, 2019

Trading 26 mar 2019 Commentaire »

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In Asia, Japan will release the BOJ Core CPI y/y, SPPI y/y, and BOJ Summary of Opinions and the US will also publish some economic data such as Richmond Manufacturing Index, CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, HPI m/m, Housing Starts, and Building Permits. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance. 3: 110.75. Resistance. 2: 110.54. Resistance. 1: 110.32. Support. 1: 110.04. Support. 2: 109.82. Support. 3: 109.61. (Disclaimer)

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AUD/CHF approaching resistance, potential drop!

Trading 26 mar 2019 Commentaire »

AUD/CHF is approaching our first resistance at 0.7079 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7046 (horizontal overlap support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.

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EUR/CHF approaching resistance, potential drop!

Trading 26 mar 2019 Commentaire »

EUR/CHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182.

Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.

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