Monthly Archives: January 2017

Snb Allows Chf Appreciation, Accepts Lower Eur-Chf Exchange Rate

By | January 31, 2017

EUR-CHF slips below the 1.0680 mark following strong export data on Thursday. A generally weaker EUR caused downside pressure. The current level had provided good support for the currency since November.

Swiss FX reserves suggest that it has almost continuously intervened against CHF appreciation since the minimum exchange rate was abandoned two years ago. The current exchange rate is a clear sign that the SNB is increasingly allowing CHF appreciation.

The lower SNB now allows EUR-CHF to fall, the more likely it is that market participants will speculate on SNB allowing further CHF appreciation and the more rapidly EUR-CHF threatens to fall so that sooner or later SNB will have to react with increasing interventions again.

“The return to market based exchange rates for CHF remains a tightrope walk for the SNB. So far there is little to suggest that it will end soon, so much is pointing towards lower EUR-CHF levels medium term.” said Commerzbank in a report.

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

Day-to-day analysis of USD/JPY for January 31, 2017 888011000 110888 Introduction The USD/JPY pair broke 113.97 level and settled listed below it, making the recently recommended positive circumstance void. The cost resumed its decrease and attempted to go back to the bearish channel, pressured by the EMA50. For that reason, we suggest the bearish bias in the upcoming sessions. The targets start at 112.55 followed by 110.55. On the other hand, breaching the level of 113.97 will reactivate the favorable circumstance with the primary target lying at 115.60. The anticipated trading range for today is in between 112.50 support and 114.20 resistance. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | January 31, 2017

USDJPYH4.png

Overview

The USD/JPY pair broke 113.97 level and settled below it, making the recently suggested positive scenario invalid. The price resumed its decline and attempted to return to the bearish channel, pressured by the EMA50. Therefore, we suggest the bearish bias in the upcoming sessions. The targets begin at 112.55 followed by 110.55. On the other hand, breaching the level of 113.97 will reactivate the positive scenario with the main target lying at 115.60. The expected trading range for today is between 112.50 support and 114.20 resistance.

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

Everyday analysis of Gold for January 31, 2016 888011000 110888 Introduction Gold price opened today’s trade with the apparent bullish predisposition to breach 1,197.10 level and settled above it. This allows the positive circumstance on the intraday and short-term basis, leading the way to head to the recently taped top at 1,218.55 as the closest target. The bullish trend will be recommended in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1,197.10 level, as breaking this level may press the cost to check 1,183.83 locations again. The anticipated trading variety for today is between 1,190.00 assistance and 1,218.55 resistance. The product has been provided by InstaForex Business-www.instaforex.com

By | January 31, 2017

GOLDH4.png

Overview

Gold price opened today’s trade with the obvious bullish bias to breach 1,197.10 level and settled above it. This enables the positive scenario on the intraday and short-term basis, paving the way to head towards the recently recorded top at 1,218.55 as the nearest target. Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1,197.10 level, as breaking this level might push the price to test 1,183.83 areas again. The expected trading range for today is between 1,190.00 support and 1,218.55 resistance.

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

Day-to-day analysis of silver for January 31, 2017 888011000 110888 Overview Silver rate has been changing within a tight range considering that the other day. Stochastic handled to get rid of its negativity and started providing favorable signals. It suggests that the bullish pattern can resume in the upcoming sessions, with the very first target lying at 17.43 level. Our bullish introduction stays valid on the intraday and short term basis. Breaching 17.43 level will extend the bullish wave to reach 18.30, while the price needs to hold above 16.56 level to attain the recommended targets. The expected trading variety for today is in between 16.95 support and 17.43 resistance. The product has been offeredby InstaForex Company- www.instaforex.com

By | January 31, 2017

SILVERH4.png

Overview

Silver price has been fluctuating within a tight range since yesterday. Stochastic managed to get rid of its negativity and started providing positive signals. It means that the bullish trend can resume in the upcoming sessions, with the first target lying at 17.43 level. Therefore, our bullish overview remains valid on the intraday and short term basis. Breaching 17.43 level will extend the bullish wave to reach 18.30, while the price needs to hold above 16.56 level to achieve the suggested targets. The expected trading range for today is between 16.95 support and 17.43 resistance.

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

Gold analysis for January 31, 2017 888011000 110888 Recently, gold has actually been trading upawrds. As I expected, the cost evaluated the level of$1,207.78. Inning accordance with the 30M amount of time, I discovered confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My guidance is to expect buying opportunities. A target is set on the supply cluster at the price of$1,218.00. Resistance levels: R1: 1,197.30 R2: 1,200.00 R3: 1,204.30 Assistance levels: S1: 1,188.60 S2: 1,185.90 S3: 1,181.55 Trading suggestions for today : Watch for potential buying opportunities.The product has been provided by InstaForex Company -www.instaforex.com

By | January 31, 2017

analytics5890a0289ef30.png

Recently, gold has been trading upawrds. As I expected, the price tested the level of $1,207.78. According to the 30M time frame, I found confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My advice is to watch for buying opportunities. A target is set on the supply cluster at the price of $1,218.00.

Resistance levels:

R1: 1,197.30

R2: 1,200.00

R3: 1,204.30

Support levels:

S1: 1,188.60

S2: 1,185.90

S3: 1,181.55

Trading recommendations for today: Watch for potential buying opportunities.

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

EUR/NZD analysis for January 31, 2017 888011000 110888 Just recently, EUR/NZD has actually been trading sideways at the rate of 1.4710. According to the 15M timespan, I found concealed bearish divergence on the moving average oscilator and a strong pin bar on the second swing high. My suggestions is to watch for offering chances. A downward target is set at the rate of 1.4645. Anyway, tovalidate surprise divergence the cost has to break the level of 1.4688. FibonacciPivot Points : Resistance levels R1: 1.4750 R2: 1.4785 R3: 1.4840 Support levels: S1: 1.4650 S2: 1.4615 S3: 1.4560 Trading suggestions for today: look for potential selling opportunities.The product has actually been offered by InstaForex Business-www.instaforex.com

By | January 31, 2017

analytics58909bbe4e5b7.png

Recently, EUR/NZD has been trading sideways at the price of 1.4710. According to the 15M time frame, I found hidden bearish divergence on the moving average oscilator and a strong pin bar on the second swing high. My advice is to watch for selling opportunities. A downward target is set at the price of 1.4645. Anyway, to confirm hidden divergence the price needs to break the level of 1.4688.

Fibonacci Pivot Points:

Resistance levels

R1: 1.4750

R2: 1.4785

R3: 1.4840

Support levels:

S1: 1.4650

S2: 1.4615

S3: 1.4560

Trading recommendations for today: watch for potential selling opportunities.

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

USD/CAD intraday technical levels and trading suggestions for January 31, 2017 888011000 110888 The USD/CAD pair was trapped in between the rate levels of 1.3000(61.8%Fibonacci level) and 1.3360(50%Fibonacci level)till a bullish breakout took place one month ago.The pair challenged the ceiling of the depicted channel around 1.3360-1.3400 which was successful to apply enough bearish pressure on the pair.Shortly after, a bearish engulfing weekly candlestick was revealed by the end of the week indicating strong resistance around 1.3550. Bearish determination below the rate level of 1.3300 (50%Fibonacci Level)was achieved.This allowed a further decrease towards 1.3200 and 1.3080(the lower limit of the illustrated channel )where bullish rejection was expressed as anticipated.A bullish breakout above 1.3360(50%Fibonacci level )was expected to enable a more advance towards 1.3700-1.3750( the ceiling of the illustrated channel). Substantial bearish rejection was revealed around 1.3580(recent recognized top). The cost level of 1.3300(50 %Fibonacci Level)cannot supply enough assistance for the recent bearish pullback.That’s why, the current bearish pullback towards 1.3000(61.8 %Fibonacci level )used a legitimate BUY entry as anticipated in previous articles.This week, a bullish breakout above 1.3300(50% Fibonacci Level )is needed to enhance bullish advance towards 1.3440 and 1.3550. Otherwise, the USD/CAD set remains caught within the current debt consolidation range(1.3000-1.3300). The product has actually been provided by InstaForex Company-www.instaforex.com

By | January 31, 2017

analytics5890980b4796a.png

analytics58909822d2583.png

The USD/CAD pair was trapped between the price levels of 1.3000 (61.8% Fibonacci level) and 1.3360 (50% Fibonacci level) until a bullish breakout took place one month ago.

The pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair.

Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550.

Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was achieved.

This allowed a further decline toward 1.3200 and 1.3080 (the lower limit of the depicted channel) where bullish rejection was expressed as anticipated.

A bullish breakout above 1.3360 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recent established top).

The price level of 1.3300 (50% Fibonacci Level) failed to provide enough support for the recent bearish pullback.

That’s why, the recent bearish pullback toward 1.3000 (61.8% Fibonacci level) offered a valid BUY entry as expected in previous articles.

This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance towards 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.3000-1.3300).

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

Euro Mixed Ahead Of Eurozone GDP, Inflation Data

By | January 31, 2017

Eurostat is set to launch Eurozone gross domestic product for the fourth quarter and inflation for January at 5:00 am ET Tuesday. The CPI is seen increasing 1.5 percent in January from 1.1 percent in December.

Ahead of the data, the euro traded mixed against its major rivals. While the euro climbed up against the pound, it held stable versus the rest of significant counterparts.

The euro deserved 1.0703 versus the greenback, 121.85 against the yen, 1.0654 versus the Swiss franc and 0.8610 against the pound as of 4:55 am ET.

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

U.K. Home loan Approvals At 9-Month High

By | January 31, 2017

U.K. home mortgage approvals increased to a nine-month high in December, the Bank of England reported Tuesday.

Approvals for home purchase were 67,898 versus 67,461 in November. This was the greatest considering that March, when approvals totaled 70,089. Economic experts had actually anticipated approvals to increase to 68,900.

Providing secured on homes rose by GBP 3.8 billion in December, the greatest circulation considering that March 2016 and bigger than the anticipated development of GBP 3.2 billion.

At the exact same time, net circulations of consumer credit slowed to GBP 1.0 billion from GBP 1.9 billion. The expected development was GBP 1.7 billion.

M4 development relieved to 6.2 percent in December from 6.4 percent in November. Month-on-month, M4 dropped for the very first time in three months. M4 moved 0.5 percent, following November’s 0.4 percent increase.

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