Recent content by InstaForex Gertrude

USDCAD H4 I Heading into resistance? The USD/CAD chart currently displays bullish overall momentum, with the potential scenario of a bullish continuation towards the 1st resistance level. The 1st resistance level at 1.3848 is identified as a swing-high resistance that aligns with the 127.20%...

XAUUSD H4 I Reacting off Resistance? The XAU/USD chart currently shows bearish momentum, suggesting potential further decline towards the 1st support at 1947.23, which aligns with an overlap support. The 2nd support at 1931.57 adds to this bearish outlook as a pullback support. On the...

TURKEY CONSUMER CONFIDENCE IMPROVES TO 74.6 Turkey's consumer confidence improved for the second straight month in October, a survey conducted in cooperation with the Turkish Statistical Institute and the Central Bank of the Republic of Turkey showed on Monday. The consumer confidence index...

EUROPEAN ECONOMIC NEWS PREVIEW: UK RETAIL SALES, PUBLIC SECTOR FINANCE DATA DUE Retail sales and public sector finances from the UK are the top economic news due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK...

Forecast for AUD/USD on October 20, 2023 AUD/USD The Australian dollar continues to consolidate within the 0.6295-0.6388 range, and this consolidation is increasing the bearish potential every day as the Marlin oscillator's signal line tilts downward in a triangle. Consolidating below the...

Forecast for EUR/USD on October 19, 2023 EUR/USD Yesterday, the euro lacked the courage to initiate consolidation ahead of the strong resistance level at 1.0613. The price retreated from the daily balance indicator line and dropped below the support level at 1.0552. However, the Marlin...

AUSTRALIA UNEMPLOYMENT RATE SLIPS TO 3.6% IN SEPTEMBER The jobless rate in Australia came in at a seasonally adjusted 3.6 percent in September, the Australian Bureau of Statistics said on Thursday. That beat forecasts for 3.7 percent, which would have been unchanged from the August reading...

Forecast for EUR/USD on October 18, 2023 EUR/USD Yesterday, the euro settled above the target level of 1.0552. The Marlin oscillator is also in the positive territory. Now, the price needs to gather strength to overcome the strong resistance level at 1.0613, as at the anticipated breakout...

EUROPEAN ECONOMIC NEWS PREVIEW: UK UNEMPLOYMENT DATA DUE Unemployment from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK labor market statistics. The jobless rate is seen...

USDCHF H4 I Potentail bullish reversal? The USD/CHF chart currently displays bullish momentum, suggesting a possible bounce from the first support towards the initial resistance. The first support at 0.8998 aligns with a prior swing low and the second support at 0.8934 coincides with the...

GBPUSD H4 I Reacting off resistance level? GBP/USD is exhibiting strong bullish momentum, with the potential to move higher towards the 1st resistance at 1.2259, a historically significant level where price often faces resistance. Conversely, on the support side, the 1st support at 1.2173...

CHINA EXPORTS FALL LESS THAN EXPECTED China's exports declined less than expected in September, data from the General Administration of Customs showed on Friday. Exports registered a decrease of 6.2 percent in September compared to the previous year. This was slower than the expected decline...

GBPUSD H4 I Bullish Momentum? GBP/USD bears momentum, possibly falling to 1st support at 1.2259 (overlap support) or 2nd support at 1.2176 (overlap support). On the upside, 1st resistance at 1.2337 (swing high, 127.20% Fibonacci Extension) and 2nd resistance at 1.2418 (swing high, 161.80%...

EUROPEAN ECONOMIC NEWS PREVIEW: UK GDP DATA DUE GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures...

SOUTH KOREA HAS $4.81 BILLION CURRENT ACCOUNT SURPLUS IN AUGUST South Korea posted a current account surplus of $4.81 billion in August, the Bank of Korea said on Wednesday - up from $3.58 billion in July. The goods account recorded a $5.06 billion surplus, while the services account posted a...