Prepare to sell USD/CAD after breaking significant assistance

By | April 26, 2017

We prepare to sell USD/CAD upon the break of the crucial support level at 1.3528 (Fibonacci retracement, horizontal overlap assistance, Elliott Wave theory). If the price breaks this level, we will place our stop loss at 1.3592 with revenue target at 1.3423 assistance(Fibonacci retracement, horizontal swing low assistance, Elliott wave theory ). The Stochastic (55,5,3)is seeing the significant resistance at 94%. The stochastic’s turndown signals a bearish move is starting.Sell below 1.3528. Set stop loss at 1.3592 and take profit at 1.3423.< img width="450 "src="http://qkfx.com/wp-content/uploads/2017/04/prepare-to-sell-usdcad-after-breaking-major-support.png"alt= "analytics5900c33c5e1d8.png"/ > The material has actually been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander

EUR/USD prepare to offer on break of significant support

By | April 26, 2017

We prepare to sell on the break of the 1.0859 support(Fibonacci retracement, Elliott wave theory). Upon the break of that level, we will have our stop loss at 1.0913 (Fibonacci retracement) and our revenue target at 1.0731( Fibonacci retracement, cost gap, Elliott wave theory).

Stochastic (55,5,3) is seeing resistance at 98% as well as sees bearish divergence vs the rate signalling that a turnaround is impending.Sell listed below 1.0859. Stop loss at 1.0913. Take earnings at 1.0731. The material has actually been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

AUD/NZD screening major resistance, time to begin offering

By | April 26, 2017

We prepare to sell below the 1.0845 resistance(Fibonacci retracement, horizontal resistance, Fibonacci extension)for a push down to the 1.0771 support(Fibonacci retracement, horizontal overlap support). Our stop loss is the 1.0901 resistance(Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major resistance listed below the 96% level and we expect a drop from this level soon.Sell below

1.0845. Stop loss at 1.0901. Take profit at 1.0771.

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

Jonathon Alexander

GBP/USD analysis for April 26, 2017 888011000 110888 Recently, the GBP/USD has been trading sideways at the cost of 1.2825. According to the 4H time frame, I found a strong indication of the weak point at the background and my suggestions is to look for selling opportunities. There is a large spread bar which closed well off the high. Crucial resistanceis set at thecost of 1.2840.The first down target is set at theprice of 1.2755. Resistance levels: R1: 1.2850 R2: 1.2860 R3: 1.2895 Support levels: S1: 1.2790 S2: 1.2770 S3:1.2745 Trading suggestions for today: look for prospective selling opportunities.The material has been offered by InstaForex Business-www.instaforex.com

By | April 26, 2017

analytics59007aaac4103.png

Recently, the GBP/USD has been trading sideways at the price of 1.2825. According to the 4H time frame, I found a strong sign of the weakness at the background and my advice is to watch for selling opportunities. There is a wide spread bar which closed well off the high. Critical resistance is set at the price of 1.2840. The first downward target is set at the price of 1.2755.

Resistance levels:

R1: 1.2850

R2: 1.2860

R3: 1.2895

Support levels:

S1: 1.2790

S2: 1.2770

S3: 1.2745

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Analysis of EUR/USD for April 26, 2017 888011000 110888 Just recently, the EUR/USD has actually been trading sideways at the rate of 1.0900. On the 4H time frame, I found that the price has broken the upward trendline, which is a sign that buying looks dangerous. I found bearish divergent bar and covert bearish divergence on the oscilator. My recommendations is to watch for possible selling chances. Downtargets are set at theprice of 1.0725 and 1.0685. Resistance levels: R1: 1.0950 R2: 1.0970 R3: 1.1010 Support levels: S1: 1.0870 S2: 1.0850 S3: 1.0810 Trading suggestions for today: expect prospective selling opportunities.The material has been supplied by InstaForex Business-www.instaforex.com

By | April 26, 2017

analytics590076cd880f1.png

Recently, the EUR/USD has been trading sideways at the price of 1.0900. On the 4H time frame, I found that the price has broken the upward trendline, which is a sign that buying looks risky. I found bearish divergent bar and hidden bearish divergence on the oscilator. My advice is to watch for potential selling opportunities. Downward targets are set at the price of 1.0725 and 1.0685.

Resistance levels:

R1: 1.0950

R2: 1.0970

R3: 1.1010

Support levels:

S1: 1.0870

S2: 1.0850

S3: 1.0810

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Technical analysis of USD/CHF for April 26, 2017 888011000 110888 Overview: The USD/CHF set continues to trade downwards from the level of 0.9994( very first resistance). The pair dropped from the level of 0.9994( this level of 0.9994 coincides with the ratio of the 61.8% Fibonacci reterecement levels to the bottom around 0.9898. The current rate is still set below the first resistance (0.9994). Today, the first resistance level is seen at 0.9994 followed by 1.0044, while daily support 1 is found at 0.9882. Besides, the level of 0.9925 represents a weekly pivot point for that it is serving as the small support today. Amidst the previous events, the pair is still in a downtrend, because the USD/CHF set is trading in a bearish trend from the brand-new resistance line of 0.9994 to the first assistance level at 1.9925. If the pair prospers to pass through the level of 1.9925, the marketplace will indicate a bearish opportunity below 1.9925. Offer listed below 1.9925 with the very first target at 0.9882 and 0.9847. However, if the USD/CHF set has the ability to break out the level of 0.9994, the market will increase even more to 1.0044. Overall, we still choose the bearish scenario, which recommends that the set will stay listed below the zone of 0.9994 today.The producthas actually been offered by InstaForex Business-www.instaforex.com

By | April 26, 2017

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Overview:

  • The USD/CHF pair continues to trade downwards from the level of 0.9994 (first resistance). The pair dropped from the level of 0.9994 (this level of 0.9994 coincides with the ratio of the 61.8% Fibonacci reterecement levels to the bottom around 0.9898. The current price is still set below the first resistance (0.9994). Today, the first resistance level is seen at 0.9994 followed by 1.0044, while daily support 1 is found at 0.9882. Besides, the level of 0.9925 represents a weekly pivot point for that it is acting as the minor support today. Amid the previous events, the pair is still in a downtrend, because the USD/CHF pair is trading in a bearish trend from the new resistance line of 0.9994 towards the first support level at 1.9925. If the pair succeeds to pass through the level of 1.9925, the market will indicate a bearish opportunity below 1.9925. Sell below 1.9925 with the first target at 0.9882 and 0.9847. However, if the USD/CHF pair is able to break out the level of 0.9994, the market will rise further to 1.0044. Overall, we still prefer the bearish scenario, which suggests that the pair will stay below the zone of 0.9994 today.

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

Jonathon Alexander