Friday, March 12, 2021

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Indicator analysis. Daily review of the GBP/USD currency pair for March 12, 2021
2021-03-12

Trend analysis (Fig. 1).

Today, the market from the level of 1.3988 (closing of yesterday's daily candlestick) will try to continue moving up with the target of 1.4015 – the upper fractal (daily candlestick from 04.03.2021). When this level is reached, the price may continue to move up with the target of 1.4217 - the historical resistance level (blue dotted line).

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Figure 1 (Daily Chart).

Comprehensive analysis:

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

General conclusion:

Today, the price from the level of 1.3988 (closing of yesterday's daily candlestick) will try to continue moving up with the target of 1.4015 – the upper fractal (daily candlestick from 04.03.2021). When this level is reached, the price may continue to move up with the target of 1.4217 - the historical resistance level (blue dotted line).

Alternative scenario: from the level of 1.3988 (closing of yesterday's daily candlestick), the price will try to start moving down with the target of 1.3831 – the support line (the red bold line). When this line is reached, the price may continue to move up with a target of 1.3944 – the 85.4% retracement level (yellow dotted line). Upon reaching this line, the price will continue to move up.

Simplified wave analysis and forecast for EUR/USD, AUD/USD, GBP/JPY on March 12
2021-03-12

EUR/USD

Analysis:

The direction of the price fluctuations of the European currency in recent months is set by the downward wave of January 6. Its structure looks complete. The ascending section from March 9 at the time of analysis does not go beyond the correction of the last part (C), however, it may be the beginning of a counter wave.

Forecast:

Most of the current day, the price is likely to move sideways. In the European session, after a possible attempt to put pressure on the resistance zone, a decline to the support zone is expected. By the end of the day, the probability of activation and re-attempt of growth increases.

Potential reversal zones

Resistance:

- 1.1980/1.2010

Support:

- 1.1920/1.1890

Recommendations:

Until the end of the current correction wave, trading on the euro market can be risky. Transactions should be carried out only within the framework of trading sessions with a fractional lot, according to the expected sequence.

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AUD/USD

Analysis:

As part of the dominant upward momentum in the Australian dollar market, a counter-movement has been developing since February 25. Its wave level does not yet exceed the size of the correction of the last section of the trend. In the structure of this wave, the zigzag of the middle part (B) is nearing completion.

Forecast:

Today, we expect the end of the current upward mood, a reversal, and a decline in the price to the support area. By the end of the day, the pair's volatility may sharply increase.

Potential reversal zones

Resistance:

- 0.7790/0.7820

Support:

- 0.7720/0.7690

Recommendations:

In the current flat conditions, it is reasonable to trade on the Aussie market with a reduced lot, without going beyond the trading sessions.

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GBP/JPY

Analysis:

The upward trend led the pound/yen cross quotes to the area of a strong large-scale reversal zone. The width of the zone exceeds two price figures. There are no signals of an imminent reversal on the chart yet.

Forecast:

In the current day, the general upward mood of the movement is expected to continue. In the European session, a short-term decline is possible, no further than the support zone. An increase in activity is likely at the end of the day or the beginning of the next trading week.

Potential reversal zones

Resistance:

- 152.50/152.80

Support:

- 151.40/151.10

Recommendations:

Before the appearance of clear reversal signals, selling on the pair's market is very risky. It is recommended to track buy signals at the end of all counter-movements.

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Explanation: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted line shows the expected movements.

Attention: The wave algorithm does not take into account the duration of the tool movements in time!

EUR/USD: plan for the European session on March 12. COT reports. Euro bulls' optimism ended in the resistance area of 1.1989
2021-03-12

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

Yesterday was a rather interesting trading day. There were many deals to buy and sell euros. Let's take a look at the 5-minute chart and talk about what happened. An unsuccessful test of resistance at 1.1943 in the first half of the day led to forming a false breakout and created a signal to open short positions in the euro. However, there was no major downward movement, and after a while the bulls still broke through 1.1943. I did not enter a long position at this level, since I was waiting for a reverse correction and a test of the 1.1943 area from top to bottom (I marked the expected movement with blue lines). Alas, I did not wait for it. The long-awaited test of the 1.1943 level took place in the afternoon, which made it possible for us to enter the market. The movement from this level was about 30 points, afterwards everyone began to wait for European Central Bank President Christine Lagarde's speech: Lagarde's statements led to a breakdown and the 1.1943 level was tested from the bottom up, which created a signal to open short positions. But there was something with short positions yesterday and so we were unlucky on this level. Having gone about 15 points to the downside, another reversal of the market took place in favor of bulls. There are days when the market reacts to any statements of the ECB representatives in its own way. Therefore, it's okay that yesterday's sell deals didn't work out as needed. The main thing is to stick to a trading strategy.

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Given that the ECB has made it clear that it will increase the PEPP bond buying program in the second quarter of this year, the pressure on the euro has slightly eased and reduced bond yields. The EUR/USD pair's succeeding growth will depend on the actions of the bulls. The main target for the first half of the day is to break through resistance at 1.1989. Testing this level from top to bottom creates a new entry point into long positions, counting on the renewal of highs at 1.2047 and 1.2109. However, reaching these levels will only happen if reports on consumer prices in Germany and the volume of industrial production in the eurozone turn out to be much better than economists' forecasts. If bulls are not active in the 1.1989 area: then I recommend waiting for EUR/USD to fall and open long positions after a false breakout forms in the 1.1933 support area. There are also moving averages that play on the side of the euro buyers. Larger support is seen slightly lower in the 1.1884 area, from where you can buy EUR/USD immediately on a rebound, counting on an upward correction of 25-30 points within the day.

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

Returning to the area below the 1.1933 level generates a signal for opening short positions. But, before selling the euro below 1.1933, I recommend waiting for this area to be tested from the bottom up, as well as the breakdown of the moving averages. The euro might be under pressure if we receive disappointing reports on the eurozone. In this case, you can count on renewing the 1.1884 low, where I recommend taking profits. Further support is seen around 1.1838, which coincides with this month's low. If the euro grows in the first half of the day, then I recommend not to rush to sell: forming a false breakout in the resistance area of 1.1989 will result in creating the first signal for opening short positions. If there is no activity at this level, then I recommend postponing shorts until the resistance test of 1.2047, from which you can open short positions in euros immediately on a rebound, counting on a downward correction down by 25-30 points within the day.

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The Commitment of Traders (COT) report for March 2 revealed a sharp decline in long positions and a very large increase in short positions, which indicates a clear shift in the market towards sellers of risky assets. This is confirmed by the graph of the euro decline, which we have been observing for the third week. This time, it was not possible to quickly win back the next large decline in the pair. The sharp rise in bond yields in many developed countries continues, which plays in the favor of the dollar, as investors expect the United States to be the first to start raising interest rates, which makes the greenback more attractive. The recent approval by the US Senate of a new bailout package and a $1,400 payment to all Americans affected by the pandemic makes risky assets even less attractive. Therefore, it is better not to rush to buy euros, but to wait for lower prices. A good advantage for the euro will be the moment when the active curtailment of quarantine and isolation measures begins in European countries: Germany has already announced its plan in this direction, but it has not yet come to the point. It is also necessary to wait for the moment when the service sector will start working in full force again, which will lead to an improved economic outlook and also strengthen the EUR/USD pair. The COT report indicated that long non-commercial positions declined from 228,501 to 222,655, while short non-commercial positions rose from 90,136 to 96,667. As a result, the total non-commercial net position declined again for the third consecutive week, from 138,365 to 125,988. The weekly closing price was 1.2048 against 1.2164 a week earlier.

Indicator signals:

Moving averages

Trading is carried out above 30 and 50 moving averages, which indicates that the upward correction will continue for the pair.

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

Bollinger Bands

A breakout of the upper border of the indicator in the 1.1995 area will lead to a new wave of growth for the euro. A breakout of the lower border of the indicator in the area of 1.1940 will increase the pressure on the pair.

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 March 12. COT reports. Buyers made it to 1.3995 before giving up
2021-03-12

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

The pound's movement from yesterday morning and its permanent strengthening during the US session did not result in forming signals for entering the market, since none of the levels were updated at the end of the day. Therefore, there is nothing to analyze from entry points. The 5-minute chart clearly shows the market's behavior during low trading volume, since everyone was focused on the euro and the European Central Bank's decision: the ECB made a direct statement that it would fight against the growth of bond yields by increasing purchases under the PEPP program, and otherwise left monetary policy unchanged. Whether other central banks, including the Bank of England, will follow suit, we will find out very soon.

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If the pound falls in the first half of the day, forming a false breakout in the support area of 1.3928 will create an entry point to opening long positions in order to continue the pair's upward correction. The moving averages, playing on the side of the buyers of the pound, also pass there. The immediate target is still resistance at 1.3995, which was tested in today's Asian session, but it was not possible to break above which. Its breakout will completely cross out the bear market and lead to forming a new upward trend with the prospect of entering the 1.4062 area, where I recommend taking profits. The next major resistance area is seen around 1.4115. In case the pound falls during the European session after the release of a number of fundamental reports on the UK economy and the lack of activity in the 1.3928 area, then it would be best not to rush into long positions. The optimal scenario under this condition will be long positions in GBP/USD immediately rebound from a large support like 1.3857, counting on an upward correction of 25-30 points within the day.

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

Reports on UK GDP, industrial production and activity in the service sector, which make up more than 70% of the country's economy, will be released today and they are important. Weak data will lead to a downward correction in the pair, and the initial task of the bears is to regain control over the 1.3928 level, which they missed yesterday. A breakthrough and being able to test the 1.3928 level from the bottom up will bring new sellers back to the market, hoping for a renewed decline in GBP/USD. A breakthrough of the moving averages that are in this range will lead to a larger sale of the pound and push it to return to a low like 1.3857, where I recommend taking profits. If the pound grows in the first half of the day, then it would be best not to rush to sell: you can open short positions if a false breakout forms in the resistance area of 1.3995, you can open shorts immediately on a rebound but only from a high like1.4062, counting on a downward correction at 30- 35 points within the day. The next major resistance area is seen around 1.4115.

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The Commitment of Traders (COT) report for March 2 reduction in both short and long commercial positions. Closing short positions turned out to be stronger, which led to an increase in the positive delta. And although the growth in the yield of US bonds is providing serious support to the US dollar at the moment, in the medium term, bulls can only use the pair's correction in order to enter the market at more attractive prices. The anticipation of a quarantine rollback in March this year will support the pound, so will new measures to help the UK population in the fight against the coronavirus pandemic, recently announced by Treasury Secretary Rishi Sunak. Long non-commercial positions declined from 68,266 to 65,138. At the same time, short non-commercials fell from 37,288 to 29,056, which retains good prospects for the pound's succeeding growth. As a result, the non-commercial net position rose to 36,082 from 30,978 a week earlier. The weekly closing price was 13,928 against 14,067. The downward correction in the pound will attract new buyers.

Indicator signals:

Moving averages

Trading is carried out above 30 and 50 moving averages, which indicates an attempt by buyers to continue the upward correction of the pair.

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

Bollinger Bands

A breakout of the upper border of the indicator in the 1.4000 area will push the pound to rise. In case the pair falls, support will be provided by the lower border of the indicator at 1.3940.

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.
Elliott wave analysis of GBP/JPY for March 12, 2021
2021-03-12

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GBP/JPY has almost hit our extension target at 152.54 (the high has been seen at 152.14). As long as minor support at 151.34 is able to protect the downside we will continue to look for slightly more upside closer to our ideal 152.54 target. This should complete blue wave v/ and iii and set the stage for a temporary correction towards 150.70 before the next upside pressure is expected towards 153.63 and 156.61 as the next upside targets.

R3: 152.75

R2: 152.54

R1: 152.14

Pivot: 151.82

S1: 151.68

S2: 151.34

S3: 151.00

Trading recommendation:

We are long GBP from 149.25 and we will move our stop higher to 151.25 and keep our stop-profit at 152.25

GBP/USD. Analysis for March 12. COT report. UK GDP could entail slump in GBP
2021-03-12

GBP/USD – 1H.

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Hi dear traders!

According to a 1-hour chart, GBP/USD began growing. The pair created an upward trend channel. Thus, both EUR and GBP are now following the same trajectory. Here comes the conclusion. Traders are now speculating mostly the US currency. That's why the euro and the pound sterling are reacting the same way. The economic calendar for the US is nearly empty this week. The most significant event of the recent days is the approval of the stimulus bill by the US Congress. The coronavirus relief package was proposed by President Joe Biden. The bill passed with a narrow margin in the Senate and the House of Representatives. To be more exact, the bill was finalized thanks to the Democrats' efforts because they make up the majority both in the Upper and Lower Chambers. So, they notched up a victory.

The next move is the signature from Joe Biden. Once the bill comes into force, every American will receive a paycheck of $1,400. Perhaps, this takes the shine off the US dollar. Indeed, GBP/USD has been trading under buying pressure in the latest days. Interestingly, the US dollar gives no response to rising yields of 10-year Treasuries. Thus, it is difficult to pinpoint the reasons why the US currency is creeping lower this week. There are a lot of factors amid the lack of statistics from the US. Probably, traders will figure out sentiment on GBP/USD through macroeconomic data from the UK. Today, the UK is due to report on GDP for January, industrial production, and trade balance. Meanwhile, the sterling is losing ground in the early trade on Friday. I cannot say that traders are braced for weak data from the UK because the euro is following suit.

GBP/USD – 4H.

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In the 4-hour chart, GBP/USD dropped to the upward trendline and rebounded off it. Then, the price began a new cycle of growth towards 1.3979 and 1.4126 which are 161.8% fibo correction. The price fixation below the upward trendline will change trading sentiment to bearish so that traders can reckon a decline towards 1.3701 that is 127.2% fibo correction.

GBP/USD – Daily.

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In the daily chart, GBP/USD is still hovering above the upward trendline. The bullish trading sentiment remains valid in the long term. If the pair closes above 1.4084 that is 127.2% fibo correction, this will confirm a further climb towards 1.4812 that is 161.8% fibo correction.

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The weekly chart of GBP/USD reveals that the pair closed above the second downward trendline. This cements bullish prospects of GBP/USD in the long term.

COT report (Commitments of traders):

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Economic calendar

On Wednesday, the economic calendar for the UK was empty. The US Labor Department released a weekly update on unemployment claims which didn't impress market participants.

Today on Friday, the following news is due:

The UK – GDP for January (07-00 GMT)

The UK – industrial production (07-00 GMT)

The UK – trade balance (15-00 GMT)

The US – Consumer Sentiment Index by University of Michigan (15-00 GMT)

Please be aware that the UK provides important data which could make a serious impact on GBP intraday.

COT report (Commitments of traders)

The latest COR report from March 2 was rather interesting for GBP. Importantly, market sentiment of GBP speculators changed to the opposite compared to EUR. In fact, trading sentiment for EUR got more bearish but trading sentiment for GBP turned more bullish. This is striking difference which explains the fact that EUR has been weakening for 2 months straight, but GBP has been losing ground for only 2 weeks in a row. The number of contracts, managed by non-commercial traders, decreased by 11,000. Long contracts fell by 2,600 but short contracts dropped by 8,200. All in all, large market layers are still betting on GBP strength.

Outlook for GBP/USD and trading tips

Earlier I recommended buying GBP during a bounce off the trendline in a 4-hour chart with targets at 1.3900 and 1.3980. Both targets have been reached. Today it would be a good idea to sell GBP if the price closes below the trend channel in a 1-hour chart with targets at 1.3900 and 1.3820.

Terms

The Non-commercial category includes major market players: banks, hedge funds, investment funds, private, and large investors.

The Commercial category embraces commercial enterprises, firms, banks, corporations, companies that buy currency not to obtain speculative profit, but to ensure current activities or export-import operations.

The category of Non-reportable positions means small traders who do not have a significant impact on the price.

Trading plan for EUR/USD on March 12. Europe is threatened with another COVID-19 wave. ECB extends support measures until next year.
2021-03-12

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Europe is at risk of another pandemic wave. Daily incidents in both France and Italy are huge, and the pace of vaccinations is very slow.

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EUR / USD: Euro rose after the ECB confirmed that it intends to extend support measures until April next year. However, even if the euro traded upwards, it is still very weak.

Open long positions from 1.1920 to 1.1865.

Open short positions at 1.1830.

Technical Analysis of EUR/USD for March 12, 2021
2021-03-12

Technical Market Outlook:

After the EUR/USD pair broke out of the main descending channel zone the pair made a new local high at the level of 1.1989, just below the technical resistance located at 1.1994. There is an short-term trend line support located around the level of 1.1925 and any violation of this level will lead to the test of the technical support at 1.1914 - 1.1908. The key short term technical support is located at the level of 1.1813, so please keep an eye on this level because any violation will lead to another wave down towards 1.1799 - 1.1789 zone. The weak and negative momentum supports the short-term bearish outlook as the bounce from the oversold market conditions looks completed.

Weekly Pivot Points:

WR3 - 1.2243

WR2 - 1.2176

WR1 - 1.2024

Weekly Pivot - 1.1958

WS1 - 1.1798

WS2 - 1.1738

WS3 - 1.1580

Trading Recommendations:

The long term trend on EUR/USD pair remains up on monthly time frame char, however the weekly time frame chart show the counter-trend corrective cycle is in progress. This corrective cycle has not been completed yet, because the key level for bulls is located at 1.1608. As long as the market trades above this level the up trend is valid and all of the down waves should be used to open long positions.

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Technical Analysis of GBP/USD for March 12, 2021
2021-03-12

Technical Market Outlook:

The GBP/USD pair has retraced 50% of the last wave down and made a local top at the level of 1.4001. The market conditions are now overbought on the H4 time frame, so the down move might start soon. The intraday technical support is seen at the levels of 1.2889 and 1.3857. The bears are still in control of the market in the short-term, so traders should expect another push down towards 1.3780 and below. Please keep and eye on the weekly time frame chart as well as there is an interesting trend reversal candlestick known as Shooting Star at the very top of the last rally towards 1.4224.

Weekly Pivot Points:

WR3 - 1.4174

WR2 - 1.4089

WR1 - 1.3934

Weekly Pivot - 1.3853

WS1 - 1.3702

WS2 - 1.3617

WS3 - 1.3458

Trading Recommendations:

The GBP/USD pair keeps developing the up trend. The recent top was made at the level of 1.4224 and this was the higher high 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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Forex forecast 03/11/2021 on EUR/GBP, GBP/JPY and GBP/USD from Sebastian Seliga
2021-03-12

Let's take a look at the technical picture of EUR/GBP, GBP/JPY and GBP/USD on the daily time frame chart.

EUR/USD: dollar has chosen the direction, while the euro is still in doubt
2021-03-12

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The US and the European currencies in the EUR/USD pair found a relative balance on Friday. However, it was not simple – the US dollar experienced a collapse, so the Euro can follow its example.

Today, the price of the US dollar increased against other main currencies as part of the correction. Analysts stated that the national currency managed to take revenge after failing for three consecutive sessions. During the day, the EUR/USD pair was seen around the level of 1.1954, slightly losing its positions.

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A decline in the yield on 10-year US government bonds from the earlier 1.6% to 1.53% resulted in the US dollar's weakening at the start of the week. At present, this indicator is still at a low level. On Thursday, the price of the US dollar is steadily decreasing, although the ECB already decided to raise the purchase of bonds.

In turn, the Euro currency also went through a difficult time. Its volatility accelerated this week, which is mainly because of the European regulator's actions. In particular, they kept interest rates at the same level – the base rate on loans is still at zero, and the rate on deposits is at -0.5%. At the same time, the ECB announced a clear growth in the rate of buying up assets on its balance sheet. The volume of this program remained at the current level (€1.85 trillion). Experts believe that this will help the European economy to reduce the negative impact of external factors.

Following the ECB's decision, the Euro currency sharply increased, reaching the level of 1.1970. However, it slightly plunged to 1.1950 a little later. Currently, it continues to move in this range, trying to exit from it.

Analysts were wondering about the existing actions of the ECB to raise the rate of bond purchases in the next three months. Currency strategists at HSBC Bank are almost sure that the regulator's actions should make investors happy, especially since the European currency is showing stability based on the current data.

ING Bank experts agree with their colleagues, adding that the ECB's decision to counter the growth of government bond yields will help the euro increase. In view of this, the EUR/USD pair is expected to move up, supported by Europe's economic recovery in the second quarter of 2021.

Nomura Bank, in turn, believes that the US dollar will lose its positions in the event of such a scenario. According to the bank analysts, the price of the national currency will fall in the second quarter of this year amid the stabilization of US government bond yields. Nevertheless, the situation may change for the better by the end of the year. In the third and fourth quarters of 2021, the US dollar will stabilize if the Fed's quantitative easing (QE) program will be curtailed.





Author's today's articles:

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.

Vyacheslav Ognev

Vyacheslav was born on August 24, 1971. In 1993, he graduated from Urals State University of Economics in the Russian city of Ekaterinburg holding a degree in Commerce and Economics of Trade. In 2007, he started concentrating on the Russian stock market, trading stocks on the RTS Stock Exchange and futures contracts on FORTS. Since 2008 he has been engaged in analyzing Forex market and trading currencies. He is an author of a simplified wave analysis method. He has also developed a trading strategy. At present, Vyacheslav is a co-author of training materials on two web portals dedicated to Forex trading education. Interests: fitness, F1 "Experience is the best of schoolmasters, only the school fees are heavy." - Thomas Carlyle

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.

Torben Melsted

Born in November 1962. Graduated from CBS, got Diploma in Finance. Began trading on Forex in 1986 and since that time held various positions such as advising clients, hedging client flows on FX and commodity markets. Also worked for major corporations as Financial Risk Manager. Uses Elliott wave analysis in combination with classic technical analysis, and has been using a Calmar Ratio of 5.0 for over 3 years. Has his own blog, where he uses Elliott wave and technical analysis on all financial markets.

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

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

l Kolesnikova

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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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