Monthly Archives: February 2018

BITCOIN Analysis for February 28, 2018 888011000 110888 Bitcoin has handled to reach above $11,000 rate location today but sadly might not sustain its gains for enough time. The Bitcoin market is still quite lucrative for a few of the market players who does see excellent potential in the market and expect it to push greater towards $15,500 cost location in the coming months. Since the today’s strong bearish pressure leading to bullish rejection in the daily candle light is presently taken as a retracement indication to $10,000 prior to cost bounces up greater with a vision of breaking above $12,000 and reaching towards $15,500 price area. When it comes to the present circumstance, certain bearish pressure is expected in the Bitcoin but as the cost remains above $10,000 rate location, the bullish bias is anticipated to continue with a potential target towards $15,500 rate area. The product has been provided by InstaForex Business -www.instaforex.com

By | February 28, 2018

Bitcoin has managed to reach above $11,000 price area today but unfortunately could not sustain its gains for long enough. The Bitcoin market is still quite lucrative for some of the market players who does see good potential in the market and expect it to push higher towards $15,500 price area in the coming months. As of the today’s strong bearish pressure leading to bullish rejection in the daily candle is currently taken as a retracement sign towards $10,000 before price bounces up higher with a vision of breaking above $12,000 and reaching towards $15,500 price area. As for the current scenario, certain bearish pressure is expected in the Bitcoin but as the price remains above $10,000 price area, the bullish bias is expected to continue with a potential target towards $15,500 price area.

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

Fundamental Analysis of EUR/AUD for February 28, 2018 888011000 110888 EUR/AUD has actually been corrective and volatile listed below 1.5750 price location for a couple of days. Now the pair is expected to proceed lower in the coming days. AUD has been quite dominant today in spite of downbeat economic reports whereas EUR is having a hard time to sustain its gains. Ahead of Australia’s high impact economic report, Private Capital Expenditure report to be released with the same value of 1.0%, today Australia’s Economic sector Credit report was released with an unchanged worth of 0.3% which was anticipated to increase to 0.4%. The worse financial report offered a favorable push to EUR for a while but it did not sustain all right after mixed financial reports from the eurozone. Today German Gfk Consumer Climate report was released as anticipated at 10.8, reducing from the previous figure of 11.0, French Customer Costs reduced to -1.9% from the previous worth of -1.2% which was anticipated to increase to 0.5%, French Prelim CPI was the same at -0.1% which was anticipated to increase to 0.3%, French Prelim GDP was released unchanged as expected at 0.6%, and German Joblessness Change report was published better than expected. Furthermore, the eurozone’s CPI Flash Estimate was released as anticipated at 1.2% decreasing from the previous value of 1.3% and Core CPI Flash Quote report was published unchanged at 1.0%. As for the existing circumstance, AUD is expected to take the lead whereas upcoming Australia’s financial reports are anticipated to be rather positive as anticipated. Otherwise, EUR might have a hard time even more to sustain its gains even more. Until the eurozone comes up with strong high effect financial reports in the coming days, AUD is expected to continue its dominating pressure.Now let us lookat the technical view. The cost currently residing at the edge of dynamic level of 20 EMA support from where the cost is expected to continue lower to 1.55 assistance location. Today the bearish pressure was rather impulsive which swallowed up previous bullish rate action rather quickly and anticipated to continue much lower. As the rate stays below 1.5750 cost area with an everyday close, the bearish predisposition is anticipated to continue even more. The product has been provided by InstaForex Business-www.instaforex.com

By | February 28, 2018

EUR/AUD has been volatile and corrective below 1.5750 price area for a few days. Now the pair is expected to proceed lower in the coming days. AUD has been quite dominant today despite downbeat economic reports whereas EUR is struggling to sustain its gains. Ahead of Australia’s high impact economic report, Private Capital Expenditure report to be published with unchanged value of 1.0%, today Australia’s Private Sector Credit report was published with an unchanged value of 0.3% which was expected to increase to 0.4%. The worse economic report provided a positive push to EUR for a while but it did not sustain well enough after mixed economic reports from the eurozone. Today German Gfk Consumer Climate report was published as expected at 10.8, decreasing from the previous figure of 11.0, French Consumer Spending decreased to -1.9% from the previous value of -1.2% which was expected to increase to 0.5%, French Prelim CPI was unchanged at -0.1% which was expected to increase to 0.3%, French Prelim GDP was published unchanged as expected at 0.6%, and German Unemployment Change report was published better than expected. Moreover, the eurozone’s CPI Flash Estimate was published as expected at 1.2% decreasing from the previous value of 1.3% and Core CPI Flash Estimate report was published unchanged at 1.0%. As for the current scenario, AUD is expected to take the lead whereas upcoming Australia’s economic reports are expected to be quite optimistic as forecasted. Otherwise, EUR may struggle further to sustain its gains further. Until the eurozone comes up with strong high impact economic reports in the coming days, AUD is expected to continue its dominating pressure.

Now let us look at the technical view. The price currently residing at the edge of dynamic level of 20 EMA support from where the price is expected to proceed lower towards 1.55 support area. Today the bearish pressure was quite impulsive which engulfed previous bullish price action quite easily and expected to proceed much lower as well. As the price remains below 1.5750 price area with a daily close, the bearish bias is expected to continue further.

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

Fundamental Analysis of EUR/GBP for February 28, 2018 888011000 110888 The corrective mode of EUR/GBP seems to be never ending as the corrective bearish capture is turning more unpredictable every day. Ahead of the high impact economic reports from the UK, EUR has acquired spontaneous momentum which may be a signal of additional gains in the coming days. Today, German Gfk Consumer Environment report was released as anticipated at 10.8 reducing from the previous figure of 11.0, French Consumer Costs decreased to -1.9% from the previous value of -1.2% which was anticipated to increase to 0.5%, French Prelim CPI was unchanged at -0.1% which was expected to increase to 0.3%, French Prelim GDP was published the same as anticipated at 0.6% and German Joblessness Change report was published better than anticipated. Furthermore, the eurozone CPI Flash Estimate was published as expected at 1.2% decreasing from the previous worth of 1.3% and Core CPI Flash Price quote report was released the same at 1.0%. Though the economic reports revealed mixed readings, EUR handled to sustain its premises under impulsive GBP pressure in the pair. On the GBP side, today Gfk Customer Self-confidence report was released with an additional deficit as anticipated at -10 decreasing from the previous deficit of -9 and BRC Shop Price Index was likewise released with a higher deficit of -0.8% reducing from the previous value of -0.5%. Tomorrow UK Manufacturing PMI report is going to be released which is anticipated to have a minor reduction to 55.1 from the previous figure of 55.3 and Net Financing to People is anticipated to increase to 5.4 B from the previous figure of 5.2 B. To sum up, ahead of the high impact UK report to be released tomorrow, specific gain on the EUR side has actually been quite impressive. The marketplace presently ended up being rather indecisive with the today’s impulsive bullish momentum whereas the market sentiment has actually been bearish for a few days now. When it comes to the present situation, further correction is expected in this pair up until EUR sustains its gains to continue greater, aiming to break above this range-bound cost area. Otherwise, the UK might create much better financial reports to control EUR further and break listed below the variety area.Now let uslook at the technical view. The rate has been rather spontaneous with the bullish gains which followed the previous bearish price action leading the price lower listed below the trend line resistance. The rate is currently living at the edge of 0.8850 price location from where a daily close above the location is anticipated to result in further bullish pressure in the set with a target to 0.90. On the other hand, if the cost handles to reside listed below 0.8850 with a day-to-day close, the bearish bias is expected to continue in this pair. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | February 28, 2018

The corrective mode of EUR/GBP seems to be never ending as the corrective bearish squeeze is turning more volatile every day. Ahead of the high impact economic reports from the UK, EUR has gained impulsive momentum which might be a signal of further gains in the coming days. Today, German Gfk Consumer Climate report was published as expected at 10.8 decreasing from the previous figure of 11.0, French Consumer Spending decreased to -1.9% from the previous value of -1.2% which was expected to increase to 0.5%, French Prelim CPI was unchanged at -0.1% which was expected to increase to 0.3%, French Prelim GDP was published unchanged as expected at 0.6% and German Unemployment Change report was published better than expected. Moreover, the eurozone CPI Flash Estimate was published as expected at 1.2% decreasing from the previous value of 1.3% and Core CPI Flash Estimate report was published unchanged at 1.0%. Though the economic reports revealed mixed readings, EUR managed to sustain its grounds under impulsive GBP pressure in the pair. On the GBP side, today Gfk Consumer Confidence report was published with a further deficit as expected at -10 decreasing from the previous deficit of -9 and BRC Shop Price Index was also published with a greater deficit of -0.8% decreasing from the previous value of -0.5%. Moreover, tomorrow UK Manufacturing PMI report is going to be published which is expected to have a slight decrease to 55.1 from the previous figure of 55.3 and Net Lending to Individuals is expected to increase to 5.4B from the previous figure of 5.2B. To sum up, ahead of the high impact UK report to be published tomorrow, certain gain on the EUR side has been quite remarkable. The market currently became quite indecisive with the today’s impulsive bullish momentum whereas the market sentiment has been bearish for a few days now. As for the current scenario, further correction is expected in this pair until EUR sustains its gains to proceed higher, aiming to break above this range-bound price area. Otherwise, the UK might come up with better economic reports to dominate EUR further and break below the range area.

Now let us look at the technical view. The price has been quite impulsive with the bullish gains which followed the previous bearish price action leading the price lower below the trend line resistance. The price is currently residing at the edge of 0.8850 price area from where a daily close above the area is expected to lead to further bullish pressure in the pair with a target towards 0.90. On the other hand, if the price manages to reside below 0.8850 with a daily close, the bearish bias is expected to continue in this pair.

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

Worldwide macro summary for 28/02/2018

By | February 28, 2018

The inflation in the Eurozone is a hot subject today on the marketplaces because of the publication of preliminary readings. After weaker than anticipated preliminary estimates from Germany, there was the possibility of a negative surprise with signs from the Eurozone. The German CPI index slowed in February to 1.4% from 1.6% every year. When it comes to the CPI for the whole euro area, analysts anticipated core CPI inflation to stay above 1.0% in February. In the second month of this year, CPI inflation was also expected to decrease to 1.2% from 1.3%. In truth, in line with expectations and the first price quote, CPI inflation in February came in at 1.2% on an annual basis and therefore deviated from the ECB target. Its level equaled in February with the reading of the base CPI, which, contrary to the market agreement, supported at the level of January 2018.

The absence of inflationary pressure is the main reason behind the ECB loose monetary policy. The annual inflation target is set at 2.0% minimum, however despite the ECB actions, the inflation does not wish to grow greater. The only months when inflation was close to this level was April and Might 2017 (2.0% and 1.9%), however since then the average inflation reading was at the level of 1.5%. In the recent months, the inflation is continuing to slide from 1.5% to 1.0% instead of increase to the ECB target.

Let’s now have a look at the EUR/USD technical image at the H4 time frame. The marketplace has evaluated the technical assistance at the level of 1.2203 and somewhat bounced back on, but not for long. The bears are pressing the cost to break through this level and drop further towards the level of 1.2165 or perhaps 1.2092. The weak momentum indicator, which is still below its fifty level, supports the bearish outlook.

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

Analysis of Gold for February 28, 2018 888011000 110888 Recently, Gold has been trading downwards. As I expected, the rate checked the level of$1,313.44 and reached both of our yesterday’s targets. According to the 30M time– frame, I found a bearish flag (pennant)pattern in creation, which is a sign that purchasing looks dangerous. I likewise found a covert bearish divergence on the stochastic oscillator, which is another sign of weak point. My advice is to expect prospectiveselling chances. The downward targetsare set at the costof 1,313.50 andat the cost of $1,295.35. Resistance levels: R1:$1,332.32 R2:$1,346.20 R3:$1,355.62 Support levels: S1:$1,309.02 S2: $1,299.58 S3:$1,285.75 Trading recommendations for today: look for possible selling opportunities.The material has been provided by InstaForex Business-www.instaforex.com

By | February 28, 2018

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Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,313.44 and reached both of our yesterday’s targets. According to the 30M time – frame, I found a bearish flag (pennant) pattern in creation, which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1,313.50 and at the price of $1,295.35.

Resistance levels:

R1: $1,332.32

R2: $1,346.20

R3: $1,355.62

Support levels:

S1: $1,309.02

S2: $1,299.58

S3: $1,285.75

Trading recommendations for today: watch for potential selling opportunities.

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

EUR/USD analysis for February 28, 2018 888011000 110888 Recently, the EUR/USD pair has actually been trading downwards. The rate checked the level of 1.2198. Inning accordance with the 1H time– frame, I found a bearish breakout of 3-day balance in the background, which is a sign that sellers are in control. I also found that the pair is trading inside of the down channel, which is another indication of weak point. My suggestionsis to watch for potential selling opportunities. The downward targets areset at the cost of 1.2162 and at the cost of 1.2050. Resistance levels: R1: 1.2315 R2: 1.2390 R3: 1.2438 Assistance levels: S1: 1.2190 S2: 1.2142 S3: 1.2063 Trading suggestions for today: expect potential selling opportunities.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | February 28, 2018

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.2198. According to the 1H time – frame, I found a bearish breakout of 3-day balance in the background, which is a sign that sellers are in control. I also found that the pair is trading inside of the downward channel, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2162 and at the price of 1.2050.

Resistance levels:

R1: 1.2315

R2: 1.2390

R3: 1.2438

Support levels:

S1: 1.2190

S2: 1.2142

S3: 1.2063

Trading recommendations for today: watch for potential selling opportunities.

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

Germany'’s Joblessness Falls Notably In February

By | February 28, 2018

Germany’s joblessness decreased especially in February, reports said pointing out information from Federal Labor Agency on Wednesday.

The unemployed claims decreased by 22,000 in February from the previous month, compared with the anticipated fall of 15,000.

The out of work rate was available in at 5.4 percent, which was the most affordable because reunification in 1990.

In other places, Destatis said the number of unemployed reduced around 14,000 from the previous month to 1.55 million in January.

The unemployment rate remained the same at seasonally changed 3.6 percent in January. On an unadjusted basis, the unemployed rate rose to 3.6 percent from 3.5 percent a month earlier.

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