EUR/USD Wave analysis and forecast of 03.10 – 10.10

EUR/USD Wave analysis and forecast of 03.10 – 10.10: The European currency is under pressure, the downtrend continues.

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Estimated pivot point is at the level of 1.27.

Our opinion: Sell the pair from correction below the level of 1.27 with the target of 1.25.

Alternative scenario: Breakout and consolidation above of the level of 1.27 will enable the price to continue growth to the levels of 1.2840 – 1.29, as part of the senior level correction.

Analysis: The formation of the downward impetus in the third wave iii is nearing completion. Locally, final fifth wave (v) of iii is being formed, within which the last descending wave v of (v) of iii is expected. If this assumption is correct, after the completion of the local correction it makes sense to expect another surge of decline to the level of 1.25. In case the price breaks the level of 1.27, the pair is likely to grow as part of the fourth wave to the levels of 1.2840 – 1.29.

EURUSD-H1

EURUSD-H4

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USD/СAD Wave analysis and forecast of 19.09 – 26.09

USD/СAD Wave analysis and forecast of 19.09 – 26.09: Uptrend continues. Locally, the pair is undergoing correction.

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Estimated pivot point is at the level of 1.0807.

Our opinion: Buy the pair from the correction above the level of 1.0807 with the target of 1.12.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0807 will enable the pair to continue the decline to the levels of 1.0750 – 1.07.

Analysis: Presumably, local “bearish” correction as the second wave of the junior level (ii) of iii of 5 is nearing completion. If this assumption is correct, after the completion of the correction the pair will continue to grow to the levels of 1.11 – 1.12 in the third wave. Critical level for this scenario is 1.0807.

USDCAD-D1 USDCAD-H4

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USD/JPY Wave analysis and forecast of 19.09 – 26.09

USD/JPY Wave analysis and forecast of 19.09 – 26.09: The pair is likely to grow.

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Estimated pivot point is at the level of 107.35.

Our opinion: Buy the pair from correction above the level of 107.35 with the target of 109.50 – 110.00.

Alternative scenario: Breakout and consolidation of the price below the level of 107.35 will enable the pair to continue the decline to the levels of 107.0 – 106.50 as part of correction.

Analysis: Presumably, the formation of the fifth wave of the “bullish” impetus continues on the weekly timeframe, with the target level of 110.0. Locally it seems that the third wave of the junior level 3 of (5) has completed, within which extension has been formed. If this assumption is correct minor correction as the fourth wave will be formed and the pair will continue to rise up to the levels of 109.50 – 110.00.

USDJPY-D1

USDJPY-H4

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USD/CHF Wave analysis and forecast of 19.09 – 26.09

USD/CHF Wave analysis and forecast of 19.09 – 26.09: Uptrend continues/ Locally, the pair is undergoing correction.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 0.93.

Our opinion: Buy the pair from the correction above the level of 0.93 with the target of 0.95.

Alternative scenario: Breakout and consolidation below of the level of 0.93 will make it possible for the pair to continue the decline to the levels of 0.9250 – 0.92.

Analysis: The formation of the ascending momentum in the third wave iii of the senior level continues. Locally, “bullish” impetus in the wave (iii) of iii has completed and local correction as the fourth wave (iv) is moving to the levels of 0.9350 – 0.93.

USDCHF-D1

USDCHF-H4

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GBP/USD Wave analysis and forecast of 19.09 – 26.09

GBP/USD Wave analysis and forecast of 19.09 – 26.09: Correction is nearing completion. The pair is likely to decline.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 1.6450.

Our opinion: Sell the pair below the level of 1.6450 with the target of 1.59 – 1.5850.

Alternative scenario: Breakout and consolidation above the level of 1.6450 will make the price continue the rise up to the levels of 1.65 – 1.6550.

Analysis: Presumably, the formation of the downward impetus in the first wave of the deep medium-term correction continues. At the moment it is likely that the correction in the fourth wave is nearing completion. If this assumption is correct, the pair will soon continue to drop to the levels of 1.59 – 1.5850.

GBPUSD-D1

GBPUSD-H4

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EUR/USD Wave analysis and forecast of 19.09 – 26.09

EUR/USD Wave analysis and forecast of 19.09 – 26.09: European currency is under pressure. Downtrend continues.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 1.3000.

Our opinion: Sell the pair from correction below the level of 1.3000 with the target of 1.2750 – 1.27.

Alternative scenario: Breakout and consolidation above of the level of 1.30 will enable the price to continue growth to the levels of 1.31 – 1.3150, as part of the senior level correction.

Analysis: Presumably, the formation of the “bearish” trend in the third wave iii is still ongoing. Locally, it is likely that the fourth wave of the junior level (iv) of iii has completed and the fifth wave (v) of iii started to develop. If this assumption is correct and the price does not break down the critical level of 1.30, it makes sense to expect that the pair will continue to decline to the level of 1.2750.

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EURUSD-H4

EURUSD-D1

 

 

 

InstaForex recommendations for beginners

ImageProxy.mvcInstaForex Company hopes to make your way to it smoother with the help of the following recommendations

 

Your success on Forex does not depend but on your experience and emotional stability. However, InstaForex Company hopes to make your way to it smoother with the help of the following recommendations.

1. Go for the basics
First of all, one should acquire profound knowledge of financial markets and technical analysis, to realize the laws according to which Forex functions and how to make profit on it.

2. Start with a demo account
Starting trading on real accounts straight away does not help to obtain the abovementioned knowledge. While you are busy learning the basics, your capital is literally melting due to your lack of experience. You have a great opportunity to train your strategies on a demo account for a month or more. It is impossible to become a professional trader at once.

3. Get to know trading instruments
Before beginning work on the market, you should thoroughly examine the technical characteristics of the trading platform you chose and make everything clear. It will then help you to save much time and money.

4. Learn your rights and liabilities
Read carefully the documentation, regulating the relations between you and your broker and make sure you have understood everything. You have the right to know all the information concerning your work on the currency market.

5. Begin with small steps
You can employ micro forex accounts to start with. Assess your skills and abilities and develop them further operating with minimum investments.

6. Keep your cool
Do not go beyond your psychological comfort zone: if you feel that you are losing your cool, pass to smaller amounts.

7. Do not play with fire
Do not treat Forex like a money gambling game. As a rule, men of fortune do not manage to stay on this market long. You want forex work to bring you stable income. So, do not ever follow the “sink or swim” principle. Do not put at stake amounts you cannot afford losing.

8. Recognize your defeat
You should keep in mind that losses as such are usual constituents of trading on Forex. Make your conclusions and take a philosophical approach to this fact.

9. Trade within the set limits
Do not strive for opening as many deals as possible: you may fail to control them all. Trade rationally. Trading on several markets simultaneously is rarely successful at first, since they are regulated by different independent factors.

10. Save the money rather than boost
Bring your risks to minimum, even if it results in less profit. Your aim now is to learn how not to waste your capital. At the beginning stage, “saving” is much more important than “boosting”.

11. Consider possible risks
There is always a possibility of unexpected risks. You should have a certain financial reserve so that you could use it in case of a force-majeure situation. Analysts suggest investing not more than 50% of the total capital in trading and not over 10% – in a deal. Ponder over what part of these funds you feel ready to lose in case of bad luck. Set your own level of admissible risk (preferably, not over 5%).

12. Mind Stop Loss
Do not forget to employ Stop Loss. Improper assets management is the major reason for losses. Stop Loss is meant for preventing your losses, so learn to handle it and set it correctly.

13. Keep away from others’ influence
Elaborate your own strategy. Be careful to change it following someone else’s advice. One can carry out one deal only for the whole year and appear to be more successful than many intraday traders. There is no any system suitable for everyone. No one but you bears responsibility for you capital. Once you have shaped your own vision of forex trading and strategy, be critical to what others say to you. Otherwise, you may then regret having followed someone’s recommendation.

14. Control the situation
A profitable deal may in fact turn out to be unprofitable. If the trend seems favourable to you, thoroughly monitor your open positions, shift stop signals to protect your profit.

15. Do not go against the trend
Remember: trend is your friend. Hoping to earn profit, some invest their money when the trend is moving in an adverse direction. Yet, such a strategy is extremely perilous for a beginner!

16. Retreat if not sure
If the situation development falls short of what you have expected, close your positions. You should understand what is going on on the market, as haphazard actions are unreasonable. If you do not feel sure, retreat for a while. Do not waste your time trading unprofitably and do not attempt to have your money back at once. Keep energy to yourself.

17. Make a script of your trading
Fix all you do on the market in writing. It helps to develop analyzing skills. Write down the explanations of this or that decision you made, description of its effects and the conclusions you drew.

Trade and gain with InstaForex Company!

USD/СAD Wave analysis and forecast of 29.08 – 05.09

USD/СAD Wave analysis and forecast of 29.08 – 05.09: “Bearish” correction is being formed.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 1.0998.

Our opinion: Sell the pair from correction below the level of 1.0998 with the target of 1.08 – 1.0760

Alternative scenario: Breakout and consolidation above the level of 1.0998 will make the price continue the rise to the levels of 1.11 – 1.12 as part of the upward trend.

Analysis: Presumably, the formation of the ascending momentum in the first wave i of 5 of (3) is completed. Locally, a bearish correction is being formed in a form of the wave ii. If this assumption is correct, the pair will continue its local decrease to the levels of 1.08 – 1.0760.

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USD/JPY Wave analysis and forecast of 29.08 – 05.09

USD/JPY Wave analysis and forecast of 29.08 – 05.09: The pair is likely to decline.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 104.30.

Our opinion: Sell the pair below the level of 104.30 with the target of 101.50 – 101.0.

Alternative scenario: Breakout and consolidation above the level of 104.30 will make it possible for the price to continue the growth to the level of 105.0.

Analysis: On the daily timeframe it is not excluded that the formation of the horizontal correction as the wave (B) is nearing completion. At the moment it is likely that the formation of the wave (C) is completed, within which, by all appearances, a diagonal triangle has formed. If this assumption is correct, it’s logical to expect soon a medium-term decline to the level of 99.45 in the wave (C).

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GBP/USD Wave analysis and forecast of 29.08 – 05.09

GBP/USD Wave analysis and forecast of 29.08 – 05.09: Downtrend continues.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 1.6640.

Our opinion: Sell the pair from correction below the level of 1.6640 with the target of 1.64 – 1.63.

Alternative scenario: Breakout and consolidation above the level of 1.6640 will make the price continue the rise to the levels of 1.67 – 1.68 as part of the deep correction.

Analysis: Presumably, the formation of the downward impetus in the first wave of the deep medium-term correction continues. By all appearances, the forming of the local correction in the wave iv is nearing completion. If this assumption is correct and the price does not break down the critical level of 1.6640, the pair will continue to decline to the levels of 1.64 – 1.63.

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USD/CHF Wave analysis and forecast of 29.08 – 05.09

USD/CHF Wave analysis and forecast of 29.08 – 05.09: The pair is likely to decline as part of correction.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 0.9145.

Our opinion: Sell the pair from correction below the level of 0.9145 with the target of 0.9018.

Alternative scenario: Breakout and consolidation above the level of 0.9145 will make it possible for the price to continue the growth to the level of 0.92.

Analysis: Presumably, the formation of the ascending momentum in the third wave (iii) is completed. Locally, a formation of the “bearish” correction in the fourth wave (iv) is not excluded. If this assumption is correct, the pair is likely to decline to the levels of 0.9050 – 0.9020.

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