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Forex Analysis & Reviews: Forecast for EUR/USD on February 16, 2022

Yesterday, the euro rose by 53 points as a correction from the support of the MACD line. At the moment, the signal line of the Marlin Oscillator is turning down from the zero line, which creates a sign of the completion of this correction, followed by a repeated attack on the MACD line. The 1.1300 target level is being modified to the 1.1280 level – Monday's low. Consolidation below the level opens the way for further decline to the target level of 1.1060. The exit of the price above the December 31 high at 1.1387, as above the upper limit of the consolidation of December 2021, may extend the euro's growth to the level of 1.1496, and overcoming it opens the way to the target range of 1.1700/22.

The price is turning down from the MACD line on the four-hour chart. At the same time, the signal line of the Marlin Oscillator is also turning down from the zero neutral line. Here we see a simultaneous (expected) Marlin reversal from the zero line on both scales, which strengthens the signal. The main scenario remains down.

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Forex Analysis & Reviews: Forecast for EUR/USD on February 17, 2022

The euro rose by 13 points on Wednesday, testing the signal level of 1.1387 (high on December 31), the exit above which opens the bullish target level of 1.1496. The Marlin Oscillator moved into the positive area. Conditions for further growth are almost ready. But the price is currently in the range of nearly a two-month consolidation at the end of 2021, near its upper border (1.1387), so there are probably forces on the market that can return the price to a certain neutral state, to the middle of the range, below the level of 1.1330, in order to once again clarify the general geopolitical situation and the mood of the Federal Reserve.

The MACD line is strong on the four-hour scale; it prevents the price from overcoming the level of 1.1387, despite the actively growing Marlin Oscillator. Here we also note that the price is below the balance line, that is, the euro growth of the last three days was corrective. So, at the moment, the euro has a sideways trend.

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Forex Analysis & Reviews: Forecast for AUD/USD on February 18, 2022

The Australian dollar failed to reach the target level of 0.7227 yesterday - external markets did not allow it to reach the level by only nine points; S&P 500 lost 2.12% yesterday, the US dollar index showed zero change, copper lost 0.49% of its value. But on a daily scale, the price managed to stay above the MACD indicator line until this morning, the Marlin Oscillator is in the positive area, so the aussie's growth potential is still not exhausted. Another thing is whether investors will want to once again outperform the market when a double Federal Reserve rate hike in March is in the air. But we can also talk about a fall to the target level of 0.7065 only when the price settles under the MACD line, which can happen no earlier than Monday.

AUD/USD maintains its full upward trend on the 4-hour chart – the price is above both indicator lines, the Marlin Oscillator is in the positive area. A downward signal will be the price moving under the MACD line below 0.7157.

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Forex Analysis & Reviews: Forecast for EUR/USD on February 21, 2022

The euro fell by 39 points on Friday, clearly defining the downward direction, confirmed by a sharp downward reversal of the Marlin Oscillator on the daily scale chart. Since the movement is strong, we expect the support of the 1.1280 target level (February 14 low) to be broken, which coincides with the MACD indicator line. The price drop below the indicated level opens the target at 1.1060.

But today is a public holiday in the US, and although the price almost won back Friday's fall in the morning, we do not expect the price to break above the signal level of 1.1387.

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Forex Analysis & Reviews: Forecast for AUD/USD on February 22, 2022

Yesterday, the Australian dollar once again tried to reach the target level of 0.7227, the high of the day was 0.7224, and the closing of the daily candle, like the last three days, was under the indicator balance line. This may mean that the bulls potentially do not have the strength to break through the resistance of 0.7227. The price decline under the MACD line, breaking Friday's low at 0.7168, opens the target at 0.7065 (the high of June 2020). The signal line of the Marlin Oscillator is still in the positive area, this circumstance makes it difficult for the bulls to consolidate. The Australian dollar also supports the rise in commodity prices. Under the general offensive of the US dollar, the AUD/USD will also fall, only its fall will be slower than the European currencies. Target at 0.7065.

On the H4 chart, Marlin is already ready to move into the area of negative values, formally it is already on it. The price should overcome the MACD line (0.7175). The MACD lines coincide on the daily and H4 scales, respectively, overcoming them by the price will create a solid basis for further downward movement.

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Forex Analysis & Reviews: Forecast for GBP/USD on February 23, 2022

Yesterday, the British pound made a systematic attempt to fall towards the target level of 1.3513, but it was prevented by rising European and Asian currencies. It closed the day with a decrease of only 16 points, which was covered by growth this morning. But the price is still staying under the level of 1.3606 and under the balance indicator line. The Marlin Oscillator is moving exactly along the zero line. The downward potential is not wasted, we are waiting for a new attempt to reach the bearish target of 1.3513. Below it is the 1.3484 target – the MACD line.

On the four-hour chart, the price appears to have settled below the MACD line, and Marlin is still staying in negative territory. If the price manages to settle above 1.3606, then the road to 1.3730 will open (support on June 2 and September 8, 2021). If the price reverses from resistances, just as Marlin reverses from the border with the growth territory, then the level of 1.3513 will have to try hard to withstand the price pressure.

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Forex Analysis & Reviews: Forecast for EUR/USD on February 24, 2022

After yesterday's attempt to go above the balance indicator line of the daily timeframe, the price moved down with even greater determination, closed the day with a black candle, and this morning it crosses the area under the MACD indicator line and the target level of 1.1280. The euro is now set on a path to a target level of 1.1060, the approximate low of February 1994.

The price firmly settled below the balance line on the four-hour chart, the Marlin Oscillator rushed down with force after consolidating at the zero line. The situation is going down.

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Forex Analysis & Reviews: Technical Analysis of GBP/USD for February 25, 2022

Technical Market Outlook

The GBP/USD pair has made a massive reversal candlestick on H4 time frame chart after hitting the level of 1.3277. The big short-squeeze has hit the level of 38% Fibonacci retracement at 1.3414 and made a local high at 1.3437. The oversold market conditions and increasing momentum support the short-term bullish market outlook. The next target for bulls is seen at 1.3484 and the immediate technical support is located at 1.3370.

Weekly Pivot Points:
WR3 - 1.3817
WR2 - 1.3724
WR1 - 1.3655
Weekly Pivot - 1.3572
WS1 - 1.3510
WS2 - 1.3417
WS3 - 1.3348

Trading Outlook:
The up trend is being continued, but the up move might be terminated due to the Shooting Star candlestick pattern made at the daily time frame chart at the level of 1.3717. The overall move from the level of 1.3170 looks like a V-shape reversal pattern, so in the long-term the trend might be about to change from the multi-month down trend to the up trend. Please keep an eye on the level of 1.3500, because any sustained breakout below this level will change the outlook back to the bearish again.

The price firmly settled below the balance line on the four-hour chart, the Marlin Oscillator rushed down with force after consolidating at the zero line. The situation is going down.

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Forex Analysis & Reviews: Forecast for EUR/USD on February 28, 2022

This morning the major currencies opened with a falling gap. For the euro, this gap amounted to 145 points, in the Asian session the gap was closed by half. If the planned negotiations between Russia and Ukraine still begin in the near future, then the euro will be able to completely close the morning window, returning to the level of 1.1280, but then we still expect further weakening of the single currency amid all the uncertainty and fears associated both directly with Ukraine and and with economic implications for the global economy. The Federal Reserve's double rate hike on March 16th puzzles market participants again.

On the daily chart, the signal line of the Marlin Oscillator turned down from the upper border of its own descending channel. At the same time, price convergence with the oscillator also takes place. Closing a gap followed by a downward price reversal fits well with these charting tools. Ultimately, we are waiting for the price at the target level 1.1060, and consolidating the price below it will open the target 1.0910.

On the four-hour chart, Marlin's signal line turned down from the zero line. The situation is completely downward, and the whole question is whether the gap will close or not. It is quite possible that the gap will be closed much later, after the price declines to the level of 1.0910. This can happen if the Fed refuses to raise the rate at the March meeting due to fears of a subsidence of the economy in connection with the escalation of geopolitical tensions.

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Forex Analysis & Reviews: Forecast for AUD/USD on March 1, 2022

Yesterday, the Australian dollar showed good growth, closed the gap, but it has not hit the 0.7291 target. Perhaps the price will go a little higher, to the high on January 13 (0.7315). Rising above this level will mean that investors are confident that the Federal Reserve will not raise the rate at the next meeting on March 16th. The main scenario assumes a corrective decline after hitting the target range of 0.7291-0.7315. The Marlin Oscillator on the daily indicates a slowdown in the trend.

The situation is completely ascending on the H4 chart: the price is above the indicator lines, the Marlin Oscillator is growing in the positive area. Active growth in commodities supports the aussie's optimism.

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Forex Analysis & Reviews: Forecast for USD/JPY on March 2, 2022

Yesterday, the USD/JPY pair settled below the balance indicator line of the daily scale and below the target level of 115.07 (peak on January 18). The Marlin Oscillator appears to have settled in the area of the downward trend. The US stock index S&P 500 lost 1.55% yesterday. The Japanese Nikkei 225 is down 1.71% in today's Asian session. All these technical circumstances increase the likelihood of a downward movement with the target at 113.36.

On the four-hour chart, the local price growth of the last 3-4 candles occurs below the balance indicator line, which indicates the corrective nature of this growth. The Marlin Oscillator in the negative area. The signal to continue the decline, to accelerate the pace, will be the transition of the price under yesterday's low at 114.71.

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Forex Analysis & Reviews: Trading plan for EURUSD for March 03, 2022

Technical outlook:
EURUSD dropped through 1.1057 lows in the late New York Session on Wednesday before finding support and pulling back. The single currency pair then rallied through 1.1140 levels taking out short term resistance. Prices are retracing a bit at the time of writing trading close to 1.1100-05 levels and bulls are expected to be back in control soon.

EURUSD needs to stay above 1.1057 interim support/low to keep the near term bullish scenario intact. The recent drop between 1.1500 and 1.1057 could be the last leg lower as it has been accompanied by a strong bullsh divergence on the RSI. High probability remains for a bullish reversal from here and push through 1.1500 near term.

EURO bulls are preparing to stage an impressive rally in the next few trading sessions targeting 1.1500 resistance. A break there will confirm that bulls have registered themselves and are here to stay for long. A push through 1.1143 from here will accelerate towards 1.1200 and 1.1300 levels immediately.

Trading plan:

Potential rally through 1.1500 against 1.1000

Good luck!

Analysis are provided by InstaForex
 
Нашел качественную услугу по продвижению: размещение ваших статей на сайтах Вордпресс.
Вы получаете на сайт статьи и тексты с ссылками, которые точно передадут вес с донора на ваш сайт.
Таким образом легко можно поднимать НЧ, а также подтаскивать вверх СЧ и ВЧ запросы. Кроме этого возможен рост ИКСа.
Статейное продвижение абсолютно безопасно и идеально подойдет, как для молодых сайтов, так и для остальных, и придадут траст вашему сайту.
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Forex Analysis & Reviews: Forecast for EUR/USD on March 4, 2022

The euro fell by 50 points on Thursday. The lower shadow of the daily candle was the puncture of the target level of 1.1060, this morning the euro is losing about 50 more points, so the road to the nearest target of 1.0910 is open. Breaking the level will open the second target at 1.0825. Things are moving towards the fact that the double gap around the level of 1.1280 (marked with a gray rectangle) will not be closed, as it already accepts a different technical interpretation of the double gap not being closed as a sign of a long-term trend. We suspect that the euro is moving towards below parity in the not too distant future.

The signal line of the Marlin Oscillator went down from its own channel, intending to enter the oversold zone.

The 4-hour chart shows how the price paused at the target level of 1.1060 and accelerated the decline. Marlin's signal line exits the triangle down. We are waiting for a further decline in the euro to the specified goals.

Analysis are provided by InstaForex
 
Forex Analysis & Reviews: Technical Analysis of ETH/USD for March 7, 2022

Crypto Industry News:
The Korean Digital Asset Industry Committee, made up of South Korea's leading Blockchain experts, has called for a government committee to be formed to help and develop digital asset companies in the country.

The expert group discussed the various ways in which Korea could become a leading marketplace for digital assets and what role the government should play to achieve this. Experts believe Blockchain technology and cryptocurrencies will become key tools of the fourth industrial revolution.

Experts called on the government to support the nascent cryptocurrency industry and other emerging use cases such as decentralized finance, decentralized autonomous organizations, NFT tokens and metaverse.

South Korea's cryptocurrency laws are seen as one of the strictest, considering that nearly 200 small and medium-sized cryptocurrency exchanges had to shut down after regulators issued an injunction for crypto exchanges to create accounts with real usernames.

The Financial Conduct Authority, the country's chief regulator, also banned exchanges from conducting anonymous transactions and banned the use of private wallets. Regulators previously proposed a 20% tax on cryptocurrency profits, but the proposal was postponed due to a lack of clarity on cryptocurrency laws. While regulators have taken a strict stance on the virtual asset market, they seem quite positive about the Metaverse as the country announced $187 million investment for the domestic Metaverse project.

Technical Market Outlook
The ETH/USD pair had broken below all of the Fibonacci retracement levels after the rejection from the technical resistance seen at $3,000 level. The bears are in control of the market and the target for them is located at the swing low seen at $2,302. The momentum is weak and negative, so even despite the extremely oversold market conditions on the H4 time frame the down move might continue for some time. The immediate technical resistance is seen at the level of $2,568. Only a clear and sustained breakout above the trend line resistance located around $3,024 level would change the outlook to bullish in the near time.

Weekly Pivot Points:
WR3 - $3,323
WR2 - $3,179
WR1 - $2,855
Weekly Pivot - $2,718
WS1 - $2,386
WS2 - $2,240
WS3 - $1,190

Trading Outlook:

The market keeps trying to bounce higher after over the 50% retracement made since the ATH at the level of $4,868 was made. The level of $3,192 is the next key Fibonacci retracement for bulls, but the bulls had failed to break through three times already. On the other hand, the next long-term technical support is located at $1,721 (61% Fibonacci retracement of the last big impulsive wave up) is still the key long-term.

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Forex Analysis & Reviews: Forecast for GBP/USD on March 8, 2022

GBP/USD is falling very sharply. It declined by three figures over the past three days, with the price hitting 1.3115 on Monday. A further drop will bring the pair to 1.2853-1.2900, which are the November 2020 and December 2019 lows. A rebound seems impossible at the moment because yesterday's trading volumes were close to the yearly high, which is a clear signal for medium-term sell-offs.

The Marlin oscillator also formed a convergence in the four-hour chart, so it is likely that many traders will take a break today and then continue their efforts for a deeper decline.

Analysis are provided by InstaForex
 
Forex Analysis & Reviews: Elliott wave analysis of Gold for March 9, 2022

Gold is currently testing the former all-time high at 2,074. It should just be a matter of time before this resistance is broken for a continuation higher towards 2,400 and ultimately higher towards our long-term target at 2,700.

Short-term we need to allow for some consolidation either just below the all-time high or just above the all-time high. If the consolidation takes place just below the all-time high at 2,074, we could see a correction towards 1,971 before the next rally higher towards 2,400 and 2,700.

Analysis are provided by InstaForex
 
Forex Analysis & Reviews: Forecast for EUR/USD on March 10, 2022

EUR/USD gained 175 pips on Wednesday ahead of the meeting between Presidents Zelensky and Putin, the ensuing ceasefire and Ukraine's withdrawn bid for NATO membership. It hit 1.1060, but hesitated on it because the ECB will have a meeting on monetary policy today. Many expect the central bank to confirm its commitment to a soft policy, and if that happens, euro's downtrend will most likely recover, with the first target at 1.0825.

The pair is also bullish in the four-hour chart, signaled by the quote moving above the indicator lines. The Marlin oscillator is in the positive area, but if the pair dips under the MACD line, below 1.1000, then the quote will begin to decline again.

The breakdown of 1.1095 will trigger uncertainty because there are many weak historical levels that may cause increased volatility.

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