Technical analysis of USDX for February 28, 2017 888011000 110888 The Dollar index is trading sideways in between important resistance of 101.80 and support at 100.40. This indecision is really clearly represented in the weekly charts. We are at an extremely critical junction. Soon we will see if the bullish circumstance for new highs gains more opportunities of success or the bearish circumstance of the Head and Shoulders pattern. Blue line-resistance Red line- assistance The Dollar index is trading around the 4-hour Ichimoku cloud. This confirms the indecisiveness. Traders need to be patient. Short-term assistance is at 100.70 and a break below it will increase the possibilities of breaking 100.40. Resistance is at 101.80. Black line-neck line support Green line- long-lasting assistance trendline The weekly chart remains best below the tenkan-sen (red line indicator). The inability to break above it is not a good indication and increases the chances that we are forming the right hand shoulder of a bearish Head and Shoulders pattern with 99.25 as the neck line and 95 as thetarget if the neckline breaks. A break however above 102 on a weekly basis will be a bullish indication verifying the low at 99.25 and the target of 105-110. The material has actually been provided by InstaForex Business-www.instaforex.com

By | February 28, 2017

The Dollar index is trading sideways between important resistance of 101.80 and support at 100.40. This indecision is very clearly portrayed in the weekly charts. We are at a very critical junction. Soon we will see if the bullish scenario for new highs gains more chances of success or the bearish scenario of the Head and Shoulders pattern.

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Blue line – resistance

Red line – support

The Dollar index is trading around the 4-hour Ichimoku cloud. This confirms the indecisiveness. Traders need to be patient. Short-term support is at 100.70 and a break below it will increase the chances of breaking 100.40. Resistance is at 101.80.

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Black line – neckline support

Green line – long-term support trendline

The weekly chart remains right below the tenkan-sen (red line indicator). The inability to break above it is not a good sign and increases the chances that we are forming the right hand shoulder of a bearish Head and Shoulders pattern with 99.25 as the neckline and 95 as the target if the neckline breaks. A break however above 102 on a weekly basis will be a bullish sign confirming the low at 99.25 and the target of 105-110.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of gold for February 28, 2017 888011000 110888 In spite of the new high the other day gold was weak and closed below $1,255 after heavy selling pressures. Despite the pullback the price remains in an uptrend. Even a pullback to $1,245 will not hurt our bullish view and target of $1,280-$1,320. Black line- resistance (damaged)Blue line -long-lasting trendline support Gold is trading above the 4-hour Ichimoku cloud support. The rate has broken above resistance at$1,245 and we can not eliminate a back test of that area which is now support.The rate has broken below the tenkan-sen(red line indicator). Short-term resistance is at$1,257 and assistance is at $1,247. Black line-long-lasting resistance Blue line-long-lasting assistance The rate is trading above the blue trendline assistance and targets the upper cloud border and the black trendline resistance at $1,300. The cost is above the weekly kijun-sen (yellow line sign). Short-term pattern is bullish. Oscillators have no worrying signs yet and still are not in overbought levels. Upside relocate Gold is far from over.The product has been supplied by InstaForex Company-www.instaforex.com

By | February 28, 2017

Despite the new high yesterday gold was weak and closed below $1,255 after heavy selling pressures. Despite the pullback the price remains in an uptrend. Even a pullback towards $1,245 will not harm our bullish view and target of $1,280-$1,320.

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Black line – resistance (broken)

Blue line – long-term trendline support

Gold is trading above the 4-hour Ichimoku cloud support. The price has broken above resistance at $1,245 and we cannot rule out a back test of that area which is now support. The price has broken below the tenkan-sen (red line indicator). Short-term resistance is at $1,257 and support is at $1,247.

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Black line – long-term resistance

Blue line – long-term support

The price is trading above the blue trendline support and targets the upper cloud boundary and the black trendline resistance at $1,300. The price is above the weekly kijun-sen (yellow line indicator). Short-term trend is bullish. Oscillators have no worrying signs yet and still are not in overbought levels. Upside move in Gold is far from over.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

International macro summary for 28/02/2017

By | February 28, 2017

Worldwide macro summary for 28/02/2017 : The US Durable Item Orders had actually amazed the market participants printing better than expected figures. According to the Commerce Department, overall Resilient Product Orders have increased by 1.8% in the past month compared to a downwardly modified 0.8%reading registered in December (versus 1.6% expected). The main reason behind the advance was a substantial boost in orders for transport products which surged 6.0%in January. Orders omitting airplane fell 0.2%, missing out on expectations for a 0.5%rise on the month. On the other hand, there were interesting declines in orders for general electrical devices (home devices and elements, computers and electronic items ). In conclusion, this strong report followed the previous excellent information from consumer spending and home sales suggesting, that the United States economy is steady growing in a detailed fashion.Let’s now have a look at the EUR/JPY technical photo at the H1 amount of time.

Despite the strong rally, the bulls did not manage to break out above the 119.49 technical resistance and the marketplace reversed from the overbought conditions once again. Presently, the rate is trading at the old dashed black trendline support, however it looks like a break out lower is simply a matter of time. The most crucial technical support is still the gray rectangular shape zone in between the levels of 118.22-118.48. Sustained break out below would recommend more down rate action ahead. The product has actually been offered by InstaForex Company-www.instaforex.com

Jonathon Alexander

Australia Q4 Bank account Deficit A$ 3.853 Billion

By | February 28, 2017

Australia had actually a seasonally changed bank account deficit of A$ 3.853 billion in the 4th quarter of 2016, the Australian Bureau of Statistics stated on Tuesday.

That beat forecasts for a deficit of A$ 4.0 billion following the A$ 10.2 billion shortage in the three months prior.

The surplus on services and goods increased A$ 700 million (49 percent) from A$ 1.424 billion in the 3rd quarter to A$ 2.124 billion in the fourth quarter.

Net exports of GDP can be found in at 0.2 portion points – in line with expectations after slipping 0.2 portion points in Q3.

The product has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Australia New House Sales Slide 2.2% – HIA

By | February 28, 2017

New home sales in Australia were down 2.2 percent on month in January, the Housing Market Association stated on Tuesday.

That follows the 0.2 percent boost in December.

The variety of building permits issued in December was down 1.2 percent, moving for the 4th time in five months.

Over the past year, the number of authorizations provided has declined in seven months.

The product has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

Daily Video Analysis on NZD/USD – 27th February 2017 888011000 110888 Ask me questions here: http://forum.mt5.com/showthread.php?129814-Analytical-reviews-by-Dean-Leo-discussions-and-questions-to-the-author!.?.!We take a thorough look on NZD/USD to see if there are any trading chances readily available for us to compromise and create possible earningsfrom. We describe plainly how we use a series of analytical approaches from Fibonacci retracements to Fibonacci extensions, rate action and oscillators to determine such trading opportunities. Join us and discover the best ways to find great trading chances through technical analysis!The product has actually been provided by InstaForex Company- www.instaforex.com

By | February 27, 2017

Ask me questions here : http://forum.mt5.com/showthread.php?129814-Analytical-reviews-by-Dean-Leo-discussions-and-questions-to-the-author

We take an in-depth look on NZD/USD to see if there are any trading opportunities available for us to trade off and generate potential profits from. We explain clearly how we use a range of analytical approaches from Fibonacci retracements to Fibonacci extensions, price action and oscillators to determine such trading opportunities. Join us and learn how to find good trading opportunities through technical analysis!

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander