Thursday, March 18, 2021

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GBP/USD. March 18. COT report. Andrew Bailey: the British economy will contract by 4% in the first quarter of 2021
2021-03-18

GBP/USD – 1H.

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According to the hourly chart, the quotes of the GBP/USD pair performed an increase almost to the corrective level of 38.2% (1.3980). There was no rebound from it, however, there was a reversal in favor of the US currency. Thus, at the moment, the process of falling in the direction of the Fibo level of 50.0% (1.3900) may begin. Closing the pair's rate above the level of 38.2% will work in favor of continuing growth in the direction of the next corrective level of 23.6% (1.4079). Today, for the British, much will depend on the meeting of the Bank of England and the speech of Andrew Bailey, its governor. According to various surveys, traders do not expect any changes in the monetary policy of the Bank of England, however, important information can still be announced. Let me remind you that if the US economy is recovering quickly, and will recover even faster, thanks to the new $ 1.9 trillion aid package, then the UK economy did not recover at all this winter. Many experts expect GDP to fall in the fourth quarter (although the first estimate was positive +1%), and Andrew Bailey himself said that the country's economy will contract by 4% in the first quarter. Thus, traders expect new incentives and programs to support the economy from the regulator. The government has already released its budget for 2021, however, the central bank is also required to take measures to stimulate the recovery. Traders will again wait for hints or direct statements regarding negative rates and the timing of their possible introduction. Perhaps we will talk about a new expansion of the quantitative easing program. Thus, today the British will be at the mercy of the Bank of England and the evening speech of Jerome Powell.

GBP/USD – 4H.

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On the 4-hour chart, the GBP/USD pair closed under the ascending trend line, however, the rebound from the level of 1.3850 allowed the growth process to resume to the corrective level of 161.8% (1.3979). The rebound of quotes from this level will work again in favor of the US currency and the resumption of the fall in the direction of the level of 1.3850. The bearish divergence of the CCI indicator increases the probability of a rebound from the level of 161.8%. Closing the rate above the level of 161.8% will work in favor of further growth in the direction of 1.4126.

GBP/USD – Daily.

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On the daily chart, the pair's quotes continue to be above the ascending trend line. In the long term, the "bullish" mood of traders is still preserved. Closing the pair's rate above the Fibo level of 127.2% (1.4084) will work in favor of continuing growth towards the next corrective level of 161.8% (1.4812).

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:

There was no major report or other events in the UK on Wednesday. And all the events in the United States have already been described and analyzed in the article on the euro/dollar.

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 - summary of monetary policy (12:00 GMT).

UK - votes of the ILC members on the main interest rate and the planned volume of asset purchases (12:00 GMT).

US - number of initial and repeated applications for unemployment benefits (12:30 GMT).

US - Federal Reserve Board of Governors Chairman Jerome Powell will deliver a speech (15:55 GMT).

On Thursday, all the main news will concern the Bank of England and the decision taken at the meeting. However, the evening performance of Jerome Powell should not be missed.

COT (Commitments of Traders) report:

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The latest COT report from March 9 on the British was quite interesting. A week earlier, I drew readers' attention to the fact that the nature of the COT reports on the euro and the pound were opposite. This time, the mood of the "Non-commercial" category of traders in the UK also became more "bearish". During the reporting week, speculators closed 5.5 thousand long contracts and opened only 344 short contracts. Thus, the belief that the Briton will continue to grow is falling among the major players. But it is falling at a much weaker rate than that of the major players in the European market. So the British pound is much less likely to fall than the euro and much more likely to rise than the euro.

GBP/USD forecast and recommendations for traders:

I do not recommend buying the British today, as the probability of a rebound from the area of 1.3980-1.4000 is too high. However, in the case of a confident close above it, purchases are possible with a target of 1.4079. It is recommended to sell the pound if there is a rebound from the area of 1.3980-1.4000 on the hourly chart with targets of 1.3900 and 1.3820.

Terms:

"Non-commercial" - 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 support current activities or export-import operations.

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

EUR/USD. March 18. COT report. The Fed has significantly improved its forecasts for the economy, but at the same time, an increase in rates should not be expected in the next 2-3 years
2021-03-18

EUR/USD – 1H.

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The EUR/USD pair moved strictly horizontally for most of yesterday. Thus, traders had no desire to pay attention to the report on inflation in the European Union and had no desire to trade before the outcome of the Fed meeting. There was also no reversal or rebound during the day. There are also no trend lines or trend corridors right now. In general, before summing up the results of the meeting, the graphic picture was as ambiguous as possible. However, after summing up the results, the European currency began to grow sharply and closed above the corrective level of 100.0% (1.1952). Thus, the growth process can now be continued towards the next Fibo level of 76.4% (1.2021). As for the outcome of the meeting. The regulator left unchanged the key rate and the volume of monthly asset repurchases - 0.25% and 120 billion dollars, respectively. However, none of the traders expected anything else. But traders were waiting for Powell to hint at a possible curtailment of the quantitative stimulus program or announce its gradual reduction. However, the Fed chairman didn't say anything like that. But the regulator has raised, and significantly, the forecasts for the economy in the coming years. Thus, the GDP forecast for 2021 has been increased from 4.2% to 6.5%, and inflation will rise to 2.4%. Also, the dot plot chart was presented, which displays the forecast of the Fed's leaders regarding the increase in the key rate. According to this chart, a tightening of monetary policy should not be expected before 2024. Perhaps it was this fact that disappointed traders who started selling the US dollar last night.

EUR/USD – 4H.

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On the 4-hour chart, the pair's quotes performed a reversal in favor of the European currency and began the growth process in the direction of the corrective level of 161.8% (1.2027). The rebound of the pair from this level will work in favor of the US dollar and the resumption of the fall in the direction of the Fibo level of 127.2% (1.1729). Closing the pair's rate above the level of 161.8% will increase the probability of further growth towards the next level of 1.2223. There are no emerging divergences in any indicator today.

EUR/USD – Daily.

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On the daily chart, the quotes of the EUR/USD pair performed a consolidation under the upward trend corridor, so the mood on the traffic was "bearish". The descending trend line confirms this. Fixing the pair's rate under the Fibo level of 261.8% will increase the chances of a further fall in the direction of the corrective level of 200.0% (1.1566).

EUR/USD – Weekly.

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On the weekly chart, the EUR/USD pair has made a consolidation above the "narrowing triangle", which preserves the prospects for further growth of the pair in the long term.

Overview of fundamentals:

On March 17, the European Union released the consumer price index, which traders did not pay any attention to. In the US, as I have already said, the results of the Fed meeting were summed up.

News calendar for the United States and the European Union:

EU - ECB President Christine Lagarde will deliver a speech (08:00 GMT).

EU - ECB President Christine Lagarde will deliver a speech (10:00 GMT).

US - number of initial and repeated applications for unemployment benefits (12:30 GMT).

US - Federal Reserve Board of Governors Chairman Jerome Powell will deliver a speech (15:55 GMT).

On March 18, there will be two speeches by Christine Lagarde and another by Jerome Powell. These are the most important events of the day. The information background may be strong today.

COT (Commitments of Traders) report:

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Last Friday, the next COT report was released and for the second week in a row, it turns out to be quite aggressive. This time, the "Non-commercial" category of traders reduced 14,000 long contracts on their hands and opened 12,000 new short contracts. It follows that the mood of speculators has become much more "bearish". Consequently, the chances of a further fall in the euro currency quotes are growing. Other categories of traders are of much less concern to us since it is speculators who set the tone of trading.

EUR/USD forecast and recommendations for traders:

It is recommended to sell the pair at the close of quotes under the level of 100.0% (1.1952) with a target of 1.1873 on the hourly chart. Purchases of the pair were recommended when closing above the level of 100.0% (1.1952) on the hourly chart with targets of 1.2021 and 1.2063. Now, these transactions can be kept open.

Terms:

"Non-commercial" - 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 support current activities or export-import operations.

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

Elliott wave analysis of Gold for March 18, 2021
2021-03-18

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Gold is breaking above the minor resistance-line from 1,959 indicating that wave 4 indeed completed with the test of 1,677 and wave 5 is ready to take over for a rally past the peak of wave 3 at 2,075. It's worth to remember, that fifth waves in the commodity complex often becomes extended waves. The most common extension is where wave 5 becomes equal in length to the distance wave 1 through wave 3 has traveled. If wave 5 extends with this factor the target for wave 5 is seen at 2,704. However, wave 5 can extend much more than the 100% distance of wave 1 through wave 3, but only time will tell.

Trading recommendation:

Buy gold and place your stop at 1,675

Elliott wave analysis of Silver for March 18, 2021
2021-03-18

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Silver is testing the minor resistance-line from 30.06 and a break above here indicates wave ii completed at 24.82 and wave iii is ready to take over for an extended rally through resistance at 30.06 towards 34.72 as the next upside target.

Longer term, we are looking for silver to break above the 2011 peak at 49.78 and trigger a very huge Cup With Handle formation calling for rally to just below 100. However for now we should concentrate on silver break above the minor resistance-line near 26.66 for a new rally towards 30.03.

Trading recommendation:

Buy Silver upon a break above 26.66 and place your stop at 24.80

GBP/USD: plan for the European session on March 18. COT reports. Pound slightly grew due to the Fed's statements, but this does not change anything
2021-03-18

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

Several market entry points were created yesterday. Let's take a look at the 5 minute chart and break them down. In my morning forecast, I paid attention to the 1.3903 level and advised you to open long positions from it. We can see how the bulls are trying to break through resistance at 1.3903, continuing the upward trend, after which a return and a reverse test of this level from top to bottom occurs. The condition for generating a signal to open long positions is fulfilled. The upward movement was 26 points, but I was counting on a larger increase. We did not reach the target value that was indicated in the morning. After the pound fell to the designated support at 1.3880 in the afternoon, the bears tried to settle below this level, however, when it was tested from the bottom up (when a sell signal should have appeared), a breakthrough and consolidation occurred above this range, which canceled plans to enter the market. Even despite the fact that the downward movement was around 30 points then - I did not sell the pound on this signal.

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In yesterday's report, the Federal Reserve announced that the committee will continue to maintain the current federal funds rate unchanged until the labor market reaches maximum employment and inflation rises to 2% and does not exceed it for some time. This resulted in a slight strengthening of the British pound, but as we can see - that was it. For further growth, the bulls need to rise above the resistance level of 1.3964, which they failed to catch in today's Asian session. A consolidation above this level along with being able to test it from top to bottom creates a new entry point into long positions in hopes for a more active recovery so the pair could reach resistance at 1.4014, and then it can return to a high like 1.4063, where I recommend taking profits. Let me remind you that the Bank of England will take place today, where it can make decisions on monetary policy. Economists do not expect any changes in the terms of the bond purchase program, so it is possible that the pound will fall in the first half of the day. In this scenario, I recommend not to rush to buy, but to wait for support at 1.3910 to be tested, where you can open long positions immediately on a rebound, counting on a recovery of 30-35 points within the day and a return to resistance at 1.3964 in order to continue the bull market. There are moving averages that play on the buyer's side below 1.3910. If traders are not active in the 1.3910 area and the pound rapidly moves up, then the optimal scenario under this condition will be to buy GBP/USD to rebound off the next support at 1.3855, counting on the same upward correction of 30-35 points within the day.

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

The initial challenge is to maintain control of the 1.3964 resistance, which the bulls are likely to test this morning before the Bank of England's monetary policy decision is announced. Forming a false breakout there creates a new entry point for short positions in hopes to bring back the downward correction for the pair. In this case, the bears will aim for support at 1.3910, a breakthrough to the downside which will be very problematic without an unexpected statement from the British central bank. A breakthrough and being able to test the 1.3910 level from the bottom up will create an additional entry point into short positions in order for it to return to the 1.3855 low, where I recommend taking profits. If bears are not active in the resistance area of 1.3964, then it would be best not to rush to sell: you can open short positions immediately on a rebound from the high of 1.4014, counting on a downward correction of 30-35 points within the day. The next major area of resistance is seen around 1.4062.

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The Commitment of Traders (COT) report for March 9 revealed a reduction in both short and long commercial positions. This time, the closing of long positions became quite strong, which led to a reduction in the positive delta. The main problem for risky assets, which can be attributed to the pound, is still the growth in the yield of US bonds, which provides serious support to the US dollar. However, in the medium term, buyers of the pound will certainly take advantage of this moment to enter the market at more attractive prices. The beginning of quarantine measures in March will continue to provide the main support for the pound, as well as new measures to help the UK population in the fight against the coronavirus pandemic. Long non-commercial positions declined from 65,138 to 61,271. At the same time, short non-commercials declined from 29,056 to 27,360, indicating a succeeding decline for the pair. As a result, the non-commercial net position fell to 33,911 from 36,082 a week earlier. The weekly closing price dropped to 1.3821 against 1.3928. The observed 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 the bulls' attempt to continue rising.

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

Growth will be limited by the upper level of the indicator in the 1.4000 area. The pound's fall is limited by the lower level of the indicator in the 1.3855 area.

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 03/18/21
2021-03-18

Trend Analysis (Fig. 1).

Today, the market may start moving down from the level of 1.1979 (the closing of yesterday's daily candle) with the target of 1.1954 at the historical support level (blue dotted line). After testing this level, the price will continue to move up with the target of 1.2018 – 21 simple average (black dotted line). When testing this line, it will continue to move up with the target of 1.2075 at the historical resistance level (blue dotted line).

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Figure 1 (daily chart).

Comprehensive Analysis:

- Indicator Analysis – up

- Fibonacci Levels – up

- Volumes – up

- Candle Analysis – up

- Trend Analysis – up

- Bollinger Bands – up

- Weekly Chart – up

General Conclusion:

Today, the market from the level of 1.1954 at the historical support level (blue dotted line) may start moving up with the target of 1.2018-21 simple average (black dotted line). When testing this line, it will continue to move up with the target of 1.2075 at the historical resistance level (blue dotted line).

Unlikely scenario: from the level of 1.1979 (the closing of yesterday's daily candle), it may start moving down with the target of 1.1931 – a pullback level of 38.2% (blue dotted line).

Technical Analysis of EUR/USD for March 18, 2021
2021-03-18

Technical Market Outlook:

The EUR/USD pair has bounced towards the level of 1.1994, which is the key short-term technical resistance for the bulls. Nevertheless, the wave up was not strong enough to break through this level, but if the bulls will violate 1.1994, then the next target is seen at the level of 1.2023 and 1.2091. If there is no breakout above this level, then the down move will likely resume lower towards the 1.1835 and below. Moreover, the recent move down from the top located at 1.2349 is the biggest correction since March 3rd 2020, so the price overbalance is done and the market might be changing the trend soon.

Weekly Pivot Points:

WR3 - 1.2176

WR2 - 1.2081

WR1 - 1.2020

Weekly Pivot - 1.1926

WS1 - 1.1871

WS2 - 1.1786

WS3 - 1.1716

Trading Recommendations:

Despite the recent correction to 61% Fibonacci retracement of the last wave up the long term trend on EUR/USD pair remains up on monthly time frame chart, 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 18, 2021
2021-03-18

Technical Market Outlook:

The GBP/USD pair has bounced through the levels of 1.3965, 1.3982 and currently bulls are trying to resume the up trend again by bouncing towards the level of 1.4001 which is an intraday technical resistance for the market. If this level is violated, then the next target for bulls is seen at the level of 1.4054 and 1.4060. The bulls tried three times already to break through the 50% Fibonacci retracement in the past, so any breakout higher will be dynamic and strong. The immediate technical support is seen at the level of 1.3930. Any violation of this level will directly expose 1.3850 for a test.

Weekly Pivot Points:

WR3 - 1.4220

WR2 - 1.4106

WR1 - 1.4016

Weekly Pivot - 1.3905

WS1 - 1.3808

WS2 - 1.3702

WS3 - 1.3608

Trading Recommendations:

The GBP/USD pair keeps developing the up trend despite the face, that is back inside the main ascending channel. 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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Trading plan for EUR/USD on March 18. Europe is at risk of another COVID-19 wave. Euro traded upwards due to the Fed's policy decisions.
2021-03-18

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Europe is at risk of another COVID-19 wave. According to the latest reports, France now has approximately 38,000 new cases a day, and authorities are concerned that this may continue until the end of April. Unfortunately, this also threatens the economic growth of both France and the whole Euro area.

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EUR/USD: Euro traded upwards due to the recent Fed decisions.

Apparently, the Federal Reserve managed to convince investors that there is no need yet to tighten monetary policy.

The US market also grew and hit new all-time highs.

Going back to the euro, open long positions from 1.1920, while place stop loss at 1.1880.

There is a small chance that price will turn downwards.

Trading recommendations for starters of EUR/USD, GBP/USD and DXY on March 18, 2021
2021-03-18

Yesterday, the US dollar received one of the strongest blows in the last few weeks. Analyzing the dollar index (DXY) chart, there was a sharp change by 0.70%, namely from 92.00 to 91.34. The US dollar also updated its local low on March 11, and this is already considered as a panic sell-off.

It can be recalled that the Dollar Index (DXY) is the ratio of the US dollar (USD) to a basket of six currencies and is a weighted average of the dollar against the euro (EUR), Japanese yen (JPY), pound sterling (GBP), Canadian dollar (CAD) , Swedish krona (SEK) and Swiss franc (CHF).

Taking into account the dollar index, we draw conclusions depending on how the dollar behaved in the market and against its nearest competitors. It is worth noting that the sharp decline in the index led to a widespread sell-off of the US dollar in the market.

What was the impulse for the US dollar sales?

Analyzing the timing of the price surge against the US dollar, we can clearly say that massive sales were stimulated by the results of the Fed meeting, where the regulator briefly stated that an increase in the interest rate earlier than 2023 should not be expected.

Speculators considered these words right away, and started selling the US dollar in the market.

What happened on the trading chart?

The EUR/USD pair apparently hinted us about a possible rapid growth during the accumulation process within the range of 1.1882/1.1910, as a result of the breakout of the upper border and a speculative movement with a scale of 90 points.

The GBP/USD pair did not lag behind its counterpart in the market and also showed high speculative interest, with a scale of 115 points. This eventually led the quote to the area of the psychological level.analytics605303b0b05e1.jpg

Trading recommendations for EUR/USD and GBP/USD on March 18

The economic calendar shows that the Bank of England has a scheduled meeting today, where the regulator will take a "dovish" position as usual and not do anything at the end of the process.

To simply put it, there will be a continued observation, says a member of the board.

On the other hand, speculators will closely monitor the result of the EU proceedings regarding the AstraZeneca vaccine. This is because details and facts about it can greatly affect the pound's value. Here, it is worth carefully following the information flow regarding a hot topic: AstraZeneca.

As for the statistics, the United States will release its weekly rates on unemployment claims. It is expected to decline, which will positively contribute to the recovery of the labor market, and then to the possible growth of the national currency.

  • Volume of initial applications for benefits is expected to decline from 712 thousand to 700 thousand.
  • Volume of repeated applications for benefits is expected to decline from 4,144 thousand to 4,070 thousand.

USA 13:30 Universal time - Applications for benefits

Looking at the EUR/USD pair trading chart, it can be seen that the quote slowed down the growth within an important price level of 1.2000, which repeats the past natural basis. We can assume that there will be a high chance of a rebound, followed by a recovery of relatively recent impulse, if market participants fail to hold above the level of 1.2020 in the H4 chart.

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As for the trading chart of the GBP/USD pair, the price movement within the borders of the psychological area 1.3950/1.4050, where the quote has already reached the coordinates of 1.4000, is shown. It can be recalled that buyers repeatedly entered into contact with sellers in this price area, which led to a slowdown and eventually a price rebound. If the regular basis of the past is repeated, another rebound towards the range of 1.3930-1.3890 will be possible.

We will consider an alternative scenario of the market development if the price holds above the level of 1.4020 in the H4 chart. In case that the 1.4050 coordinate is broken, we will most likely move towards the level of 1.4150.

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Forex forecast 03/18/2021 on GBP/USD, GBP/JPY, EUR/GBP, AUD/USD and USDX from Sebastian Seliga
2021-03-18

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





Author's today's articles:

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

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.

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.

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

Mihail Makarov

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Vladislav Tukhmenev

Vladislav graduated from Moscow State University of Technologiy and Management. He entered the forex market in early 2008. Vladislav is a professional trader, analyst, and manager. He applies a whole gamut of analysis – technical, graphical, mathematical, fundamental, and candlestick analysis. Moreover, he forecasts the market movements using his own methods based on the chaos theory. Vladimir took part in development of trading systems devoted to fractal analysis. In his free time, Vladimir blogs about exchange markets. Hobbies: active leisure, sporting shooting, cars, design, and marketing. "I do not dream only of becoming the best in my field. I also dream about those who I will take with me along the way up."


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