Monthly Archives: May 2017

Trading Plan for EUR/USD and GBP/USD for May 31, 2017 888011000 110888 Technical outlook: The EUR/USD continues to combine after striking an interim high at 1.1263 levels recently. It looks more likely that the set is into its second leg B, as identified here, within the A-B-C correction. You can observe that the set is stalling right at the pattern line resistance as well as the fibonacci 0.618 levels are into play now. The set ought to be looking lower till prices remain below 1.1263 moving forward. On the flip side, a break above 1.1263 would postpone such advancements and the set would want to check 1.1300 levels prior to reversing lower once again. For now, resistance is strong at 1.1263 and interim support is seen at 1.1110 levels respectively. Please keep in mind that a break below the counter pattern line would accelerate a further decrease. As to the wave pattern, it looks to be exercising a 3-3-5 flat.Trading strategy: Please remain brief now, stop above 1.1263levels targeting 1.1000.GBPUSD chart setups: Technical outlook: The GBP/USD pair’s bearish story continues just in a while. The pair seems to be pulling back/retracing a bit maybe to 1.2900/ 50 levels, which is likewise fibonacci 0.618 resistance of the drop between1.3047 through 1.2770 levels respectively. The wave count indicates that GBP/USD might have just finished its wave 1 lower (not identified) to 1.2770 levels today before drawing back. The present rally is probably wave 2 and is anticipated to end around 1.2950 levels prior to wave 3 resumes lower again. Please likewise keep in mind that the pair has actually broken listed below its immediate trend line support which costs are well into the sell zone in the meantime. It makes good sense to prepare to offer once again on intraday rallies through 1.2900/ 50 levels. Cost resistance is seen at 1.3047 levels whileinterim support is at 1.2770levels respectively.Trading strategy: Offer around 1.2900/ 50, stop above 1.3047, target lower below 1.2770 levels.Fundamental outlook: Without any significant events for the remainder of the day, anticipate markets to trade normally without greater volatility.The US Non-Farm Payrolls are due on June 02, 2017, so be all set for a great unstable day.Good luck!The material has been offered by InstaForex Company-www.instaforex.com

By | May 31, 2017

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Technical outlook:

The EUR/USD continues to consolidate after hitting an interim high at 1.1263 levels last week. It looks more probable that the pair is into its second leg B, as labelled here, within the A-B-C correction. You can observe that the pair is stalling right at the trend line resistance and also the fibonacci 0.618 levels are into play now. The pair should be looking lower until prices remain below 1.1263 going forward. On the flip side, a break above 1.1263 would delay such developments and the pair would want to test 1.1300 levels before reversing lower again. For now, resistance is strong at 1.1263 and interim support is seen at 1.1110 levels respectively. Please note that a break below the counter trend line would accelerate a further decline. As to the wave pattern, it looks to be working out a 3-3-5 flat.

Trading plan:

Please remain short now, stop above 1.1263 levels targeting 1.1000.

GBPUSD chart setups:

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Technical outlook:

The GBP/USD pair’s bearish story continues just in a while though. The pair seems to be pulling back/retracing a bit maybe towards 1.2900/50 levels, which is also fibonacci 0.618 resistance of the drop between1.3047 through 1.2770 levels respectively. The wave count indicates that GBP/USD might have just completed its wave 1 lower (not labelled) towards 1.2770 levels today before pulling back. The current rally is probably wave 2 and is expected to terminate around 1.2950 levels before wave 3 resumes lower again. Please also note that the pair has broken below its immediate trend line support and that prices are well into the sell zone for now. It makes good sense to prepare to sell again on intraday rallies through 1.2900/50 levels. Price resistance is seen at 1.3047 levels while interim support is at 1.2770 levels respectively.

Trading plan:

Sell around 1.2900/50, stop above 1.3047, target lower below 1.2770 levels.

Fundamental outlook:

With no major events for the rest of the day, expect markets to trade normally without higher volatility. The US Non-Farm Payrolls are due on June 02, 2017, so be ready for a good volatile day.

Good luck!

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

Daily Video Technical Analysis|AUD/NZD|31st May 2017 888011000 110888 We take a great in-depth look at AUD/NZD and see if there are any trading chances for us to make some juicy pips!We integrate the art of Fibonacci retracements, Fibonacci extensions, Assistance & & Resistance together with Stochastic and RSI to identify the best entry, stop loss and earnings targets.Subscribe to me for more day-to-day technical analysis!The material has been provided by InstaForex Company-www.instaforex.com

By | May 31, 2017

We take a nice detailed look at AUD/NZD and see if there are any trading opportunities for us to make some juicy pips!

We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets.

Subscribe to me for more daily technical analysis!

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

AUD/JPY forming a strong reversal, remain bullish

By | May 31, 2017

Rate bounced completely above our stop loss and is forming a

strong bullish turnaround. We stay bullish above major support at 82.59(Fibonacci retracement, horizontal assistance, bullish divergence) and we expect a strong bounce above this level to a minimum of 83.27 resistance(Fibonacci retracement, horizontal pullback resistance ). Stochastic (89,5,3)is seeing strong assistance above the 8%level where stochastic is bouncing nicely and also shows bullish divergence versus rate signalling that a bounce is impending.Correlation analysis: Blended view on JPY today with AUD/JPY anticipating a bounce but EUR/JPY and USD/JPY anticipating drops.Buy above 82.59.

Stop loss at 82.21. Take earnings at 83.27.< img width ="450 "src="http://qkfx.com/wp-content/uploads/2017/05/audjpy-forming-a-strong-reversal-remain-bullish.png "alt="analytics592ebb9d863ba.png"/ >

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

AUDNZD above significant support, prepare to purchase

By | May 31, 2017

We seek to buy above significant support at 1.0491( ibonacci retracement, Fibonacci extension, long term horizontal support)for a rise to at least 1.0606 resistance(Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing strong assistance above 1.9% and has actually also made a recent bullish exit signalling that a modification in momentum is starting to take shape for our bullish rise in price.Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.

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

Fundamental Analysis of EUR/GBP for May 31, 2017 888011000 110888 Recently, EUR/GBP has been selling a non-volatile bullish pattern without any much deeper pullbacks. EUR is presently rather more powerful than GBP basically regardless of having blended financial reports from both the eurozone and the UK. Today, the following information was launched in the eurozone. German Retail Sales report was unfavorable at -0.2% rather of the consensus for a 0.4% increase, French Prelim CPI was unchanged at 0.1%, down than the forecast for a 0.2% gain. German Unemployment Change revealed a decrease in the joblessness rate to -9 k which was anticipated to be at -14 k. EUR CPI Flash Quote was published at 1.4% which was anticipated to be at 1.5%. Core CPI Flash Quote also revealed a lower figure at 0.9% which was expected to be at 1.0%. On the EUR side, just Italian Monthly Joblessness Rate was positive at 11.1% which was anticipated to rise to 11.6% from 11.5% and EUR Unemployment Rate was favorable at 9.3% which was anticipated to be at 9.4% which previously was at 9.5%. On the GBP side, today Net Financing to People report was released with a weaker figure of 4.3 B which was anticipated to be at 4.5 B, M4 Money Supply was positive at 1.2% which was anticipated to be at 0.4% and Home mortgage Approvals did disappoint any notable change and can be found in at 65k which was expected to stay at 66k. Today, both the eurozone and the UK presented blended economic reports. Nonetheless, the eurozone has better reports than the UK which has actually already been translated in the chart well. Presently, EUR is anticipated to gain more ground against GBP in the coming days.Now let ustake a look at the technical chart. The price is presently living above the 20 EMA dynamic support and it is quite impulsive in bullish pressure. As the price stays above 20 EMA, price is anticipated to reach 0.8850 resistance level in the coming days. Market is presently in a bullish predisposition up until the price breaks below 0.8500 support level. The product has actually been provided by InstaForex Company-www.instaforex.com

By | May 31, 2017

Recently, EUR/GBP has been trading in a non-volatile bullish trend without any deeper pullbacks. EUR is currently quite stronger than GBP fundamentally despite having mixed economic reports from both the eurozone and the UK. Today, the following data was released in the eurozone. German Retail Sales report was negative at -0.2% instead of the consensus for a 0.4% rise, French Prelim CPI was unchanged at 0.1%, down than the forecast for a 0.2% gain. German Unemployment Change showed a decrease in the unemployment rate to -9k which was expected to be at -14k. EUR CPI Flash Estimate was published at 1.4% which was expected to be at 1.5%. Besides, Core CPI Flash Estimate also showed a lower figure at 0.9% which was expected to be at 1.0%. On the EUR side, only Italian Monthly Unemployment Rate was positive at 11.1% which was expected to rise to 11.6% from 11.5% and EUR Unemployment Rate was positive at 9.3% which was expected to be at 9.4% which previously was at 9.5%. On the GBP side, today Net Lending to Individuals report was published with a weaker figure of 4.3B which was expected to be at 4.5B, M4 Money Supply was positive at 1.2% which was expected to be at 0.4% and Mortgage Approvals did not show any notable change and came in at 65k which was expected to remain at 66k. Today, both the eurozone and the UK presented mixed economic reports. Nevertheless, the eurozone has better reports than the UK which has already been translated in the chart well. Currently, EUR is expected to gain more ground against GBP in the coming days.

Now let us look at the technical chart. The price is currently residing above the 20 EMA dynamic support and it is quite impulsive in bullish pressure. As the price remains above 20 EMA, price is expected to reach 0.8850 resistance level in the coming days. Market is currently in a bullish bias until the price breaks below 0.8500 support level.

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

USD/JPY analysis for May 31, 2017 888011000 110888 Recently, the USD/JPY set has actually been trading sideways at the rate of 110.90. Anyway, according to the 30M amount of time, I found a breakout of the key swing low in the background, whichis a sign that purchasing looks dangerous. Myadvice is toexpect possible selling opportuntiies. The down target isset at the rate of 110.30. Resistance levels: R1: 111.20 R2: 111.40 R3: 111.65 Support levels: S1: 111.70 S2: 110.50 S3: 110.25 Trading recommendations for today: look for possible selling opportunities.The product has been offered by InstaForex Business- www.instaforex.com

By | May 31, 2017

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Recently, the USD/JPY pair has been trading sideways at the price of 110.90. Anyway, according to the 30M time frame, I found a breakout of the key swing low in the background, which is a sign that buying looks risky. My advice is to watch for potential selling opportuntiies. The downward target is set at the price of 110.30.

Resistance levels:

R1: 111.20

R2: 111.40

R3: 111.65

Support levels:

S1: 111.70

S2: 110.50

S3: 110.25

Trading recommendations for today: watch for potential selling opportunities.

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