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EUR/USD: plan for the European session on February 4. COT reports. Bulls aim to return resistance at 1.2423. Bears wait for update of 1.2005 low
2021-02-04

To open long positions on EUR/USD, you need:

The afternoon was not particularly productive due to low market volatility. Although the report on the state of the US economy turned out to be better than economists' forecasts, this kept the EUR/USD pair from resuming the downward trend. Several unsuccessful attempts to surpass support at 1.2015 and settle below this level resulted in an upward correction of the euro, however, it was not possible to reach resistance at 1.2050 either. As a result, the day was quite boring.

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Today we only have data on retail sales in the eurozone for December 2020, which is unlikely to significantly affect the balance of power in the market, even if the reports turn out to be better than economists' forecasts. The Economic Bulletin from the European Central Bank will only be of interest to economists. From a technical point of view, only the nearest levels have shifted, while the tactics remain the same. Buyers of the euro will need to focus on protecting support at 1.2005, on which the succeeding upward correction of EUR/USD depends. The lower border of the descending channel is below this level, the breakdown of which will only increase the pressure on the pair. A good fundamental report on the eurozone, indicating an improvement in the economic situation, will enable us to form a false breakout in the support area of 1.2005, which creates a good entry point into long positions. If buyers are not active at this level, I recommend postponing long positions until the low of 1.1965 has been tested, from where you can buy the euro immediately on a rebound, counting on an upward correction by 15-20 points. An equally important task for the bulls is to settle above the 1.2042 resistance, since the pair failed to surpass this level in today's Asian session. A breakthrough and consolidation at this level along with being able to test it from top to bottom creates a good signal to buy the euro in order to reach the weekly high in the 1.2084 area, where I recommend taking profit. The next target is the 1.2129 area.

To open short positions on EUR/USD, you need:

Selling at current lows can be dangerous. Therefore, forming a false breakout in the resistance area of 1.2042 generates a signal to open short positions in the euro in the first half of the day. Weak data on the eurozone will certainly allow the bears to realize this scenario, which can create a signal to enter short positions with the main goal of returning to the support area of 1.2005, which could not be surpassed yesterday. A breakout and being able to test this level from the bottom up will create a new entry point for short positions in order to sustain the downward trend, which will then pull down EUR/USD to a new yearly low in the 1.1965 area, where I recommend taking profits. A distant target will be support at 1.1923. And if the MACD indicator created problems for bears yesterday, then today there is no more divergence, and the indicator itself has returned to zero. If we observe an upward correction of the euro in the first half of the day, and the bears are not active in the resistance at 1.2042, then it is best to postpone short positions until 1.2084 high has been tested, from where you can sell EUR/USD immediately on a rebound for the purpose of falling by 15- 20 points within the day.

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The Commitment of Traders (COT) report for January 26 recorded a sharp increase in long positions and a reduction in short ones. The incoming data is limiting the euro's upward potential, as is the fact that vaccinations in the euro area will proceed at a slower pace than expected. This will certainly affect the GDP for the first quarter of 2021, but it is unlikely to be able to seriously affect the medium-term prospects for the EUR/USD recovery. With each significant downward correction in the pair, the demand for the euro returns, and the lower the rate, the more attractive it will become for investors. The prospect of canceling quarantine will clearly keep the market upbeat in the future. However, the risk of extending quarantine measures in February is still a restraining factor for euro growth. The COT report indicated that long non-commercial positions rose from 236,533 to 238,099, while short non-commercial positions fell from 73,067 to 72,755. Due to continued growth in long positions, the total non-commercial net position rose to 165,344 against 163,466 a week earlier.

Indicator signals:

Moving averages

Trading is carried out just below 30 and 50 moving averages, which indicates continued pressure on the euro.

Note: The period and prices of moving averages are considered by the author on the H1 hourly chart and differs from the general definition of the classic daily moving averages on the daily D1 chart.

Bollinger Bands

A breakout of the upper border of the indicator in the 1.2042 area will lead to a new wave of euro growth. A break of the lower border of the indicator in the 1.2005 area will increase the pressure on the euro.

Description of indicators

  • Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 50. It is marked in yellow on the chart.
  • Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 30. It is marked in green on the chart.
  • MACD indicator (Moving Average Convergence/Divergence — convergence/divergence of moving averages) Quick EMA period 12. Slow EMA period to 26. SMA period 9
  • Bollinger Bands (Bollinger Bands). Period 20
  • Non-commercial speculative traders, such as individual traders, hedge funds, and large institutions that use the futures market for speculative purposes and meet certain requirements.
  • Long non-commercial positions represent the total long open position of non-commercial traders.
  • Short non-commercial positions represent the total short open position of non-commercial traders.
  • Total non-commercial net position is the difference between short and long positions of non-commercial traders.
GBP/USD: plan for the European session on February 4. COT reports. Bulls aim to break important support at 1.3612, but it depends on Bailey's statements
2021-02-04

To open long positions on GBP/USD, you need:

Yesterday's signal to sell the pound was realized, and there were no more signals to enter the market. Let's take a look at the 5-minute chart and figure out what happened yesterday. You can clearly see how the bears are trying to surpass support at 1.3657 and even settle below this range, which creates a sell signal. However, the market did not go down the first time, and after the release of data on activity in the service sector, the British pound temporarily returned to the area above the 1.3657 level, which resulted in removing stop orders. Some time later, the bears went below 1.3657 again, and this area was tested from top to bottom, which created another signal to open short positions. The downward movement from this level reached more than 40 points, and we did not reach the target level of 1.3612 by only 5 points. If the 1.3612 level has been tested, it would have been possible to open long positions immediately on a rebound, which would have made it possible to catch an upward correction.

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A rather important meeting of the Bank of England will take place today. And although the interest rates and the volume of bond purchases will remain unchanged, we can talk about negative rates in the future, which will hit the pound's positions hard. Therefore, it will be possible to say that the bulls have regained control of the market only after they achieve a breakout and consolidation above the resistance of 1.3660. Testing this level from top to bottom creates a good entry point into long positions. In this case, we can expect GBP/USD to return to the resistance area of 1.3707, and the succeeding target will be the 1.3755 high, where I recommend taking profits. It is too early to talk about a breakout of annual resistance. An equally important task for the bulls is to protect the last hope for restoring the upward movement - namely, the 1.3612 level. Forming a false breakout there creates a signal to open long positions in hopes for the pound to recover in the short term. If traders are not active at 1.3612 and the price surpasses it, then it is best to refuse to buy until larger lows in the 1.3575 and 1.3521 area have been updated, from where you can open long positions immediately on a rebound, counting on an upward correction of 20-30 points within the day.

To open short positions on GBP/USD, you need:

You can act similar to yesterday. Forming a false breakout in the middle of the 1.3660 channel will return pressure to the pair and lead to its succeeding decline. A more important goal is a breakout and consolidation below support at 1.3612, which is the last hope for buyers. The Bank of England's statements that the economy is in bad shape and that negative interest rates will reduce the debt burden will lead to a breakout of the 1.3612 level, which will open a direct path to the lows of 1.3575 and 1.3531, where I recommend taking profit. If the bulls manage to recapture the 1.3612 level in the first half of the day, then, as I mentioned above, the bears will focus on resistance at 1.3660. The lack of activity in that area following Bank of England Governor Andrew Bailey's speech will lead to a new wave of growth for GBP/USD. In this case, the optimal scenario for short positions is when the 1.3707 high has been tested. I also recommend opening short positions immediately on a rebound in the resistance area of 1.3755, counting on a downward correction of 30-35 points within the day.

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The Commitment of Traders (COT) reports for January 26 showed an increase in both long and short positions. This time there were much more sellers, which led to a decrease in the positive delta. Apparently, the bulls' failure to rise above the annual highs still do not go unnoticed, forcing traders to raise short positions as they expect a more active downward correction from the pound. Long non-commercial positions rose from 45,904 to 47,360. At the same time, short non-commercial positions jumped from 32,199 to 39,395, which is a very tangible increase. As a result, the non-commercial net position decreased to 7,965 against 13,705 a week earlier.

And although traders are trying to take a more wait-and-see position in the area of annual highs, and this is a consequence of the fact that it is very difficult for the bulls to update them, the demand for the pound will still be high. The GBP/USD pair will continue to rise as quarantine measures are lifted, which have been strengthened due to the new Covid-19 strain. Population and labor market support, which could last until the early summer of 2021, will also have a positive effect on the British pound. All the talk about negative interest rates on the part of the Bank of England has no real basis yet. The British central bank will report on this topic in the near future, which can outline the picture in more detail with the further course of interest rates.

Indicator signals:

Moving averages

Trading is carried out below 30 and 50 moving averages, which indicates a succeeding decline in the pair.

Note: The period and prices of moving averages are considered by the author on the H1 hourly chart and differs from the general definition of the classic daily moving averages on the daily D1 chart.

Bollinger Bands

A breakout of the upper border of the indicator around 1.3660 will lead to a new wave of growth for the pound. A break of the lower border at 1.3612 will increase pressure on the pound.

Description of indicators

  • Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 50. It is marked in yellow on the chart.
  • Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 30. It is marked in green on the chart.
  • MACD indicator (Moving Average Convergence/Divergence — convergence/divergence of moving averages) Quick EMA period 12. Slow EMA period to 26. SMA period 9
  • Bollinger Bands (Bollinger Bands). Period 20
  • Non-commercial speculative traders, such as individual traders, hedge funds, and large institutions that use the futures market for speculative purposes and meet certain requirements.
  • Long non-commercial positions represent the total long open position of non-commercial traders.
  • Short non-commercial positions represent the total short open position of non-commercial traders.
  • Total non-commercial net position is the difference between short and long positions of non-commercial traders.
Indicator analysis. Daily review for the EUR/USD currency pair on February 4, 2021
2021-02-04

Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2011 (the closing of yesterday's daily candle) may continue to move down with the target of 1.1975 - the 50.0% retracement level (the red dotted line). When testing this level, it is possible to continue working downwards with the target of 1.1887 - the support line (white thin line).

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Figure 1 (Daily Chart).

Comprehensive analysis:

  • Indicator analysis - down
  • Fibonacci levels - down
  • Volumes - down
  • Candlestick analysis - down
  • Trend analysis - down
  • Bollinger bands - down
  • Weekly chart - down

General conclusion:

Today, the market from the level of 1.2011 (the closing of yesterday's daily candle) may continue to move down with the target of 1.1975 - the 50.0% retracement level (the red dotted line). When testing this level, it is possible to continue working downwards with the target of 1.1887 - the support line (white thin line).

Alternative scenario: from the level of 1.2011 (the closing of yesterday's daily candle), the price may continue to move down with the target of 1.1975 - the 50.0% retracement level (red dotted line). When testing this level, it is possible to work up with the target of 1.2102 - the 76.4% retracement level (yellow dotted line).

Trading plan for EUR/USD on February 4. Euro continues to trade downwards in the market.
2021-02-04

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COVID-19 is clearly retreating. Global incidence has finally dropped to 30% below record peaks, and the largest decline was in the US.

At the same time, the pace of vaccination has upped a bit. In the United States, at least 10% of the population has been vaccinated already. In Europe, there is also progress, but the percentage of those vaccinated is still below 10%.

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EUR/USD - Euro continues to decline amid strong economic data from the US.

Yesterday, it was reported that employment has increased by 170,000 in January.

Taking this into account, it is a good idea to open short positions at 1.2055, as a new wave of decline is expected to occur today.

For long positions, place them at 1.2160.

Technical Analysis of EUR/USD for February 4, 2021
2021-02-04

Technical Market Outlook:

The EUR/USD pair has made another local low at the level of 1.2002 as the bears are in control of the market. All the previous bounces were very shallow and bulls did not break above the level of 1.2053 - 1.2060. The new intraday technical support is seen at the level of 1.2000 and the intraday technical resistance is still located at 1.2053 and 1.2060. The momentum is weak and negative, together with the current market conditions, so the next target for bears is seen at the level of 1.2000 or below at 1.1976 (50% Fibonacci retracement level of the last wave up). This is the key short-term technical support for bulls, so violation of it would result in a deeper correction towards the level of 1.1888.

Weekly Pivot Points:

WR3 - 1.2318

WR2 - 1.2247

WR1 - 1.2192

Weekly Pivot - 1.2115

WS1 - 1.2070

WS2 - 1.2000

WS3 - 1.1940

Trading Recommendations:

Since the middle of March 2020 the main trend is on EUR/USD pair has been up. This means any local corrections should be used to buy the dips until the key technical support seen at the level of 1.1609 is broken. The key long-term technical resistance is seen at the level of 1.2555. Any violation of the level of 1.2154 supports the trend change/corrective cycle scenario.

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Indicator Analysis. Daily review for the GBP/USD currency pair 02/04/21
2021-02-04

Yesterday, the pair moved down, tested almost the lower fractal of 1.3610 (the daily candle from 02/02/2021) and went up, closing the daily candle at 1.3640. Today, the price may continue to go down according to the economic calendar news, it is expected at 9.30 and 12.00 UTC (pound) and 13.30 UTC (dollar).

Trend Analysis (Fig. 1).

Today, the market may continue to go down from the level of 1.3640 (the closing of yesterday's daily candle) with the target of 1.3519 at the lower fractal (the daily candle from 01/18/2021). When testing this line, it is possible to continue going downward with a target of 1.3481 at the historical support level (blue dotted line).

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Figure 1 (daily chart).

Comprehensive Analysis:

- Indicator Analysis – down

- Fibonacci Levels – down

- Volumes – down

- Candle Analysis – down

- Trend Analysis – down

- Bollinger Bands – down

- Weekly Chart – down

General Conclusion:

Today, the price can continue to go down from the level of 1.3640 (the closing of yesterday's daily candle) with the target of 1.3519 at the lower fractal (the daily candle from 01/18/2021). When testing this line, it is possible to continue going downward with a target of 1.3481 at the historical support level (blue dotted line).

Alternative scenario: from the level of 1.3640 (the closing of yesterday's daily candle), it may continue to go down with the target of 1.3519 at the lower fractal (the daily candle from 01/18/2021). When testing this level, it is possible to go up with a target of 1.3676 – a retracement level of 76.4% (yellow dotted line).

Technical Analysis of GBP/USD for February 4, 2021
2021-02-04

Technical Market Outlook:

The bearish pressure on GBP/USD has increased and the market has broke below the technical support located at the level of 1.3608. This level will now act as an intraday technical resistance. The local low was made at the level of 1.3586, so the next target for them is the intraday technical support located at the level of 1.3519. The market is coming off the overbought conditions and the momentum is weak and negative, pointing down. The key mid - term technical support is seen at the level of 1.3428, but please pay attention to any breakout below the trend line support around the level of 1.3500 first. This might be the first indication of a potential move lower.

Weekly Pivot Points:

WR3 - 1.4011

WR2 - 1.3877

WR1 - 1.3788

Weekly Pivot - 1.3646

WS1 - 1.3564

WS2 - 1.3416

WS3 - 1.3342

Trading Recommendations:

The GBP/USD pair keeps developing the up trend and the trigger for this trend was the breakout above the level or 1.3518 on the weekly time frame chart. The recent top was made at the level of 1.3744 and this was the higher close in over two years. All the local corrections should be used to open a buy orders as long as the level of 1.2674 is not broken. The long-term target for bulls is seen at the level of 1.4370.

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Technical analysis of AUD/USD for February 04, 2021
2021-02-04

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Overview :

The AUD/USD pair has faced strong support at the level of 0.7565 because resistance became support.

So, the strong resistance has already faced at the level of 0.7565 and the pair is likely to try to approach it in order to test it again.

The level of 0.7565 represents the last bearish wave (bottom) for that it is acting as minor support this week.

Furthermore, the AUD/USD pair is continuing to trade in a bullish trend from the new support level of 0.7565. Currently, the price is in a bullish channel as long as the trend is still trading above the area of 0.7565 and 0.7600.

According to the previous events, we expect the AUD/USD pair to move between 0.7565 and 0.7821. Also, it should be noticed that the double top is set at 0.7821.

Additionally, the RSI is still signaling that the trend is upward as it remains strong above the moving average (100). This suggests the pair will probably go up in coming hours. Accordingly, the market is likely to show signs of a bullish trend.

Therefore, strong support will be found at the level of 0.7565

providing a clear signal to buy with a target seen at 0.7663.

If the trend breaks the minor resistance at 0.7663, the pair will move upwards continuing the bullish trend development to the level 0.7723 in order to test the daily resistance 2.

The AUD/USD pair is showing signs of strength following a breakout of the highest level of 0.7723.

On the H4 chart. the level of 0.7625 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is above the 23.6%Fibonacci level, the market is still in an uptrend.

But, major support is seen at the level of 23.6%. Again the trend is still showing strength above the moving average (100).

Thus, the market is indicating a bullish opportunity above the above-mentioned support levels, for that the bullish outlook remains the same as long as the 100 EMA is headed to the upside.

Trading recommendations :

AUD/USD : Buy orders are recommended above the spot of 0.7565 with the first target at the level of 0.7663; and continue towards the targets of 0.7723, then reach the top point at 0.7821. However, if the AUD/USD pair fails to break through the resistance level of 0.7663 today, the market will decline further to 0.7520.

Technical analysis of GBP/USD for February 04, 2021
2021-02-04

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Overview :
  • Yesterday, the GBP/USD pair dropped sharply from the level of 1.3672 towards 1.3603. Now, the price is set at 1.3587. On the H1 chart, the resistance of the GBP/USD pair is seen at the level of 1.3672 and 1.3515. It should be noted that volatility is very high for that the GBP/USD pair is still moving between 1.3627 and 1.3515 in coming hours. Moreover, the price spot of 1.3627/1.3672 remains a significant resistance zone. Therefore, there is a possibility that the GBP/USD pair will move downside and the structure of a fall does not look corrective. This is confirmed by the RSI indicator signaling that we are still in the bearish trending market at the same time frame. Now, the pair is likely to begin an descending movement to try breaking the price of 1.3587. Additionally, if the GBP/USD pair is able to break out the bottom at 1.3587, the market will decline further to 1.3550 in order to test the weekly support 2. At the same time, if a breakout happens at the resistance levels of 1.3672 and 1.3720, then this scenario may be invalidated. But in overall, we still prefer the bearish scenario in coming two days.

Forecast :

  • The price spot of 1.3672 and 1.3627 remains a significant resistance zone. Therefore, there is a possibility that the GBP/USD pair will move to the downside and the fall structure does not look corrective. Resistance is seen at the level of 1.3627 today. So, sell below 1.3627 with the first target at 1.3587 to test yesterday's bottom. In overall, we still prefer the bearish scenario as long as the price is below the level of 1.3627. If the GBP/USD pair is able to break out the bottom at 1.3587, the market will decline further to 1.3550, then continue towards the next objective of 1.3515. However, it would also be sage to consider where to place a stop loss; this should be set above the second resistance of 1.3720.
GBP/USD. February 4. COT report. The Bank of England meeting may present an unpleasant surprise to the pound
2021-02-04

GBP/USD – 1H.

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On the hourly chart, the quotes of the GBP/USD pair performed a reversal in favor of the US currency and resumed the process of falling in the direction of the levels of 1.3570 and 1.3522. A downward trend corridor was also formed, which characterizes the current mood of traders as "bearish". It is also very important to close the pair's exchange rate under the Fibo level of 100.0% (1.3625) since this level prevented the British dollar from continuing to fall. Well, it is very symbolic that the British dollar began to fall on the day when the Bank of England will sum up the results of the meeting on monetary policy. What's it? The fear of traders to hear something unpleasant? Let me remind you that rumors about negative rates have been going around for a long time.

The Bank of England and Andrew Bailey will not be able to constantly respond, saying "rates are being studied". They have been studied for more than 6 months. And if they are introduced, then they will be introduced in the coming months, when the British economy especially needs support after three "lockdowns", after serious losses due to the coronavirus, and after the UK leaves the EU. Right now, the economy needs to be stimulated so that it starts to recover from the crisis, as GDP forecasts for the fourth and first quarters say that the economy shrank in these months, not recovered. Thus, today, traders are waiting for at least comments from representatives of the Bank of England regarding negative rates. And, most likely, they will wait for them. It is unlikely that the governor will say that the bank has abandoned the idea of lowering the rate. More hints of the use of negative rates in 2021 are likely to follow.

GBP/USD – 4H.

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On the 4-hour chart, the GBP/USD pair performed a fall to the lower border of the side corridor, indicated by a blue rectangle. There has been no closure under this line yet. The rebound from it will work in favor of the British currency and the resumption of growth in the direction of the upper limit. Closing under the rectangle will increase the probability of a further drop in quotes in the direction of the corrective level of 100.0% (1.3481).

GBP/USD - Daily.

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On the daily chart, the pair's quotes performed a consolidation above the corrective level of 100.0% (1.3513), and then rebound from it. Thus, the growth process can be continued in the direction of the Fibo level of 127.2% (1.4084).

GBP/USD - Weekly.

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On the weekly chart, the pound/dollar pair completed a close over the second downward trend line. Thus, the chances of long-term growth of the pound are significantly increased.

Overview of fundamentals:

On Wednesday, the UK released the index of business activity in the services sector, however, it also had no impact on traders, as did the European and American reports.

News calendar for the United States and the United Kingdom:

UK - the decision on the main interest rate of the Bank of England (12:00 GMT).

Uk - planned volume of asset purchases by the Bank of England (12:00 GMT).

UK - votes of the ILC members on the main interest rate (12:00 GMT).

UK - Bank of England monetary policy report (12:00 GMT).

UK - speech by the Governor of the Bank of England, Andrew Bailey (13:00 GMT).

US - number of initial and repeated applications for unemployment benefits ( 13:30 GMT).

On February 4, the results of the Bank of England meeting will be summed up in the UK, and this is the main event of the day, which is very important for the prospects of the Briton.

COT report (Commitments of Traders):

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The latest COT report from January 26 showed quite significant changes. To begin with, speculators, as the most important category of traders, have dramatically changed their mindset and started to build up short contracts. More than 6 thousand of them were opened. But it was also opened and 2.5 thousand contracts in length. Thus, I can conclude that the mood of the "non-commercial" category has become more "bearish", therefore, the probability of a fall in the British dollar quotes in the near future is growing. Thus, if the level of 1.3744 is not overcome, then the chances of a fall in the British dollar will increase dramatically. In the meantime, speculators can accumulate short positions.

Forecast for GBP/USD and recommendations for traders:

It is recommended to make new purchases of the British dollar when closing above the level of 1.3744 on the hourly chart with a target of 1.3820. It is recommended to sell the pound sterling when the quotes break off from the level of 1.3744 on the hourly chart with the targets of 1.3698 and 1.3625 or when they consolidate under the level of 1.3625 with the targets of 1.3570 and 1.3522.

Terms:

"Non-profit" - major market players: banks, hedge funds, investment funds, private, large investors.

"Commercial" - commercial enterprises, firms, banks, corporations, companies that buy foreign currency, not for speculative profit, but to ensure current activities or export-import operations.

"Non-reportable positions" - small traders who do not have a significant impact on the price.

Forex forecast 02/04/2021 on GBP/USD, EUR/GBP and USDX from Sebastian Seliga
2021-02-04

Let's take a look at the technical picture of GBP/USD, EUR/GBP and USDX ahead of Bank of England interest rate decision.





Author's today's articles:

Maxim Magdalinin

In 2005 graduated from the Academy of the Ministry of Internal Affairs of the Republic of Belarus, law faculty. Worked as a lawyer for three years in one of the biggest country's company. Besides the trading, he develops trading systems, writes articles and analytical reviews. Works at stock and commodity markets explorations. On Forex since 2006.

Sergey Belyaev

Born December 1, 1955. In 1993 graduated from Air Force Engineering Academy. In September 1999 started to study Forex markets. Since 2002 has been reading lectures on the technical analysis . Is fond of research work. Created a personal trading system based on the indicator analysis. Authored the book on technical analysis "Calculation of the next candlestick". At present the next book is being prepared for publishing "Indicator Analysis of Forex Market. Trading System Encyclopedia". Has created eleven courses on indicator analysis. Uses classical indicators. Works as a public lecturer. Held numerous seminars and workshops presented at international exhibitions of financial markets industry. Is known as one of the best specialists in the Russian Federation researching indicator analysis.

Mihail Makarov

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Sebastian Seliga

Sebastian Seliga was born on 13th Oсtober 1978 in Poland. He graduated in 2005 with MA in Social Psychology. He has worked for leading financial companies in Poland where he actively traded on NYSE, AMEX and NASDAQ exchanges. Sebastian started Forex trading in 2009 and mastered Elliott Wave Principle approach to the markets by developing and implementing his own trading strategies of Forex analysis.  Since 2012, he has been writing analitical reviews based on EWP for blogs and for Forex websites and forums. He has developed several on-line projects devoted to Forex trading and investments. He is interested in slow cooking, stand-up comedy, guitar playing, reading and swimming. "Every battle is won before it is ever fought", Sun Tzu

Mourad El Keddani

Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development).
Languages: Arabic, English, French and Dutch.
Interests: Algorithm, Graphics, Social work, Psychology and Philosophy.

Grigory Sokolov

Born 1 January, 1986. In 2008 graduated from Kiev Institute of Business and Technology with "Finance and Credit" as a major. Since 2008 has studied the behavior of various currency pairs and their correlation on Forex. In his works and trading practice he uses candlestick analysis and Fibonacci technique. Since 2009 has written analytical reviews and articles which are published on popular Internet resources. Interests: music, computers and cookery. "Out of five deadly sins of business and as a rule, the most widespread, excessive striving to get profit is the worst". P. Drucker


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Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Stock Markets
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A Zotova, Aleksey Almazov, Alexander Dneprovskiy, Alexandr Davidov, Alexandros Yfantis, Andrey Shevchenko, Arief Makmur, Dean Leo, Evgeny Klimov, Fedor Pavlov, Grigory Sokolov, I Belozerov, Igor Kovalyov, Irina Manzenko, Ivan Aleksandrov, l Kolesnikova, Maxim Magdalinin, Mihail Makarov, Mohamed Samy, Mourad El Keddani, Oleg Khmelevskiy, Oscar Ton, Pavel Vlasov, Petar Jacimovic, R Agafonov, S Doronina, Sebastian Seliga, Sergey Belyaev, Sergey Mityukov, Stanislav Polyanskiy, T Strelkova, Torben Melsted, V Isakov, Viktor Vasilevsky, Vladislav Tukhmenev, Vyacheslav Ognev, Yuriy Zaycev, Zhizhko Nadezhda

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