Monthly Archives: March 2018

Daily analysis of Gold for March 30, 2018 888011000 110888 Overview Gold cost resumes its down trading now on its method to evaluate 1,316.48 that represents our main awaited target. Please keep in mind that it is important to keep an eye on the cost behavior until the discussed level is reached as breaking it will extend the correctional bearish wave to reach 1,301.20 as a next station. In general, we still suggest the bearish trend unless the cost managed to breach 1,335.40 and hold above it. The expected trading variety for today is between 1,316.00 support and 1,335.00 resistance.The product has actually been provided by InstaForex Company-www.instaforex.com

By | March 30, 2018

analytics5abe5d4484f12.png

Overview

Gold price resumes its downward trading now on its way to test 1,316.48 that represents our main anticipated target. Please note that it is important to monitor the price behavior until the mentioned level is reached as breaking it will extend the correctional bearish wave to reach 1,301.20 as a next station. In general, we still suggest the bearish trend unless the price managed to breach 1,335.40 and hold above it. The expected trading range for today is between 1,316.00 support and 1,335.00 resistance.

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

Everyday analysis of Silver for March 30, 2018 888011000 110888 Introduction Silver price revealed a clear break to 16.45 level and settled listed below it and continues trading sideways as appears on the above chart. This makes us suggest that we see more sideways trading up until the price handles to surpass among this variety’s lines represented by 16.15 support and 16.80 resistance. Note that breaking the discussed support will push the price to visit 15.49 level primarily. On the other hand, breaching the resistance will permit the price to gain back the primary bullishtrack with the next target located at 17.43. The expected trading range for today is in between 16.20 assistance and 16.60 resistance.The material has actually been provided by InstaForex Company-www.instaforex.com

By | March 30, 2018

analytics5abe5cbca2b21.png

Overview

Silver price showed a clear break to 16.45 level and settled below it and continues trading sideways as appears on the above chart. This makes us suggest that we see more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance. Note that breaking the mentioned support will push the price to visit 15.49 level mainly. On the other hand, breaching the resistance will allow the price to regain the main bullish track with the next target located at 17.43. The expected trading range for today is between 16.20 support and 16.60 resistance.

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

Technical analysis of USD/JPY for March 30, 2018 888011000 110888 USD/JPY is expected to trade with the pair keeps charging higher while intraday bullishness is maintained by well-directed 20-period and 50-period moving averages. The relative strength index has actually climbed up into the 60s without showing indications of a bearish reversal. On the other hand, the level of 106.00 is holding as the crucial support. On the upside the set must target 106.70 and in extension, 107.00. Chart Description: The black line reveals the pivot point. Today price above the pivot point indicates a bullish position, and the price listed below thepivot point suggests a short position. The redlines reveal the assistance levels, and the green line indicates the resistance levels. These levels can be used to get in and leave trades.Strategy: BUY, stop loss at 106.00, take revenue at 106.70 Resistance levels: 106.70, 107.00, and 107.30 Assistance levels: 105.70, 105.30, and 105.00. The product has actually been provided by InstaForex Business-www.instaforex.com

By | March 30, 2018

analytics5abe4d0b5910e.png

USD/JPY is expected to trade with the pair keeps charging higher while intraday bullishness is maintained by well-directed 20-period and 50-period moving averages. The relative strength index has climbed into the 60s without showing signs of a bearish reversal. Meanwhile, the level of 106.00 is holding as the key support. On the upside the pair should target 106.70 and in extension, 107.00.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: BUY, stop loss at 106.00, take profit at 106.70

Resistance levels: 106.70, 107.00, and 107.30

Support levels: 105.70, 105.30, and 105.00.

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

Technical analysis of USD/CHF for March 30, 2018 888011000 110888 USD/CHF is expected to trade with a bearish outlook. The set remains under pressure listed below the nearby resistance at 0.9465, which is anticipated to limit any upside room. The relative strength index is blended tobearish, as well as does not have upward momentum. To sum up, as long as 0.9590 is not exceeded, most likely decrease to 0.9505 and 0.9475 in extension.Chart Description: The black line shows the pivot point. The present cost above the pivot point indicates a bullish position, and the price below the pivot point shows a short position. The red lines show the supportlevels, and the green line indicates the resistance levels. These levels can be utilized to enter and exit trades.Strategy: OFFER, stop loss at 0.9590, take earnings at 0.9505.Resistance levels: 0.9610, 0.9635, and 0.9665 Assistance levels : 0.9505, 0.9475, and 0.9420. The material has been provided by InstaForex Company-www.instaforex.com

By | March 30, 2018

analytics5abe46840441d.png

USD/CHF is expected to trade with a bearish outlook. The pair remains under pressure below the nearest resistance at 0.9465, which is expected to limit any upside room. The relative strength index is mixed to bearish, and also lacks upward momentum. To sum up, as long as 0.9590 is not surpassed, likely decline to 0.9505 and 0.9475 in extension.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: SELL, stop loss at 0.9590, take profit at 0.9505.

Resistance levels: 0.9610, 0.9635, and 0.9665

Support levels: 0.9505, 0.9475, and 0.9420.

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

NZD/USD Intraday technical levels and trading suggestions for March 30, 2018 888011000 110888 In November 2017, apparent indications of bullish healing was revealed around the portrayed low(0.6780). An inverted Head and Shoulders pattern was expressed around these price levels.The rate zone of 0.7140-0.7250 (prominent Supply-Zone )failed to stop briefly the continuous bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11. That’s why, a fast bullish movement was anticipated towards the illustrated supply zone(0.7320-0.7390)where evident bearish rejection and a legitimate OFFER entry were expected.On February 2, a bearish engulfing daily candlestick was revealed off the price level of 0.7390. Moreover, a double-top reversal pattern followed by anotherlower High were expressed around the rate zone( 0.7320-0.7390)where a valid SELL entry was provided as expected. Bearish breakdown of 0.7300( neckline)is had to verify the portrayed turnaround pattern. Bearish forecast target would be located around 0.7050 and 0.7000.Otherwise, the NZD/USD pair remains trapped between the rate levels of 0.7200 and 0.7350. The product has actually been offered by InstaForex Business-www.instaforex.com

By | March 30, 2018

analytics5abe3b60b1f6d.png

In November 2017, evident signs of bullish recovery was expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these price levels.

The price zone of 0.7140-0.7250 (prominent Supply-Zone) failed to pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was expressed on January 11.

That’s why, a quick bullish movement was expected towards the depicted supply zone (0.7320-0.7390) where evident bearish rejection and a valid SELL entry were expected.

On February 2, a bearish engulfing daily candlestick was expressed off the price level of 0.7390.

Moreover, a double-top reversal pattern followed by another lower High were expressed around the price zone (0.7320-0.7390) where a valid SELL entry was offered as expected.

Bearish breakdown of 0.7300 (neckline) is needed to confirm the depicted reversal pattern. Bearish projection target would be located around 0.7050 and 0.7000.

Otherwise, the NZD/USD pair remains trapped between the price levels of 0.7200 and 0.7350.

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

Intraday technical levels and trading recommendations for EUR/USD for March 30, 2018 888011000 110888 Month-to-month Outlook In January 2015, the EUR/USD pair moved listed below the major demand levels near 1.2100-1.2200(multiple previous bottoms embeded in July 2012 and June 2010). A long-lasting bearish target was predicted towards 0.9450. In March 2015, EUR/USD bears challenged the month-to-month need level around 1.0500, which had actually been formerly reached in August 1997. In thelonger term, the level of 0.9450 stays a forecasted target if any month-to-month candlestick attains bearish closure listed below the portrayed monthly need level of 1.0500. However, the EUR/USD set has actually beentrapped within the portrayed debt consolidation range(1.0500-1.1450) till the existing bullish breakout was executed above 1.1450 and recently above 1.2075. Another bullish breakout above 1.2075 was expressed on the chart. This hinders the bearish momentum permitting bullish advancement to take place to 1.2750 offered that the bullish breakout above the rate level of 1.2075 stays protected by the bulls. Daily Outlook The EUR/USD set remains trapped in between the price levels of 1.2500 and 1.2200 until breakout takes place in either directions.Daily perseverance above 1.2470-1.2500 was had to confirm a recent bullish flag extension pattern with projected targets around the price level of 1.2750. Nevertheless, significant indications of bearish turnaround appeared around the price levels of 1.2400 (backside of the illustrated broken uptrend). This appeared in the bearish engulfing day-to-day candlestick of March 8. Thus, the EUR/USD pair stays bearish listed below the cost levels of 1.2400 unless apparent everyday bullish assistance is offered around the cost level of 1.2300. On the other hand, the portrayed double-top turnaround pattern needs bearish breakdown of the level of 1.2200 to be achieved daily. Forecast target would be locatedaround 1.2070-1.1990. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | March 30, 2018

analytics5abe3b4a05f3e.png

Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100-1.2200 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

However, the EUR/USD pair has been trapped within the depicted consolidation range (1.0500-1.1450) until the current bullish breakout was executed above 1.1450 and recently above 1.2075.

Another bullish breakout above 1.2075 was expressed on the chart. This hinders the bearish momentum allowing bullish advancement to occur towards 1.2750 provided that the bullish breakout above the price level of 1.2075 remains defended by the bulls.

analytics5abe3b579bb54.png

Daily Outlook

The EUR/USD pair remains trapped between the price levels of 1.2500 and 1.2200 until breakout occurs in either directions.

Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750.

However, significant signs of bearish reversal were manifested around the price levels of 1.2400 (backside of the depicted broken uptrend). This was manifested in the bearish engulfing daily candlestick of March 8.

Hence, the EUR/USD pair remains bearish below the price levels of 1.2400 unless obvious daily bullish support is offered around the price level of 1.2300.

On the other hand, the depicted double-top reversal pattern needs bearish breakdown of the level of 1.2200 to be achieved on a daily basis. Projection target would be located around 1.2070-1.1990.

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

Greece Retail Turnover Development Eases In January

By | March 30, 2018

Greece retail turnover grew at a weaker speed in January, the Hellenic Statistical Authority reported Friday.

Retail turnover rose 0.7 percent year-on-year in January, slower than December’s 2 percent increase. This was the second successive boost in turnover.

The annual growth was underpinned by a 3 percent rise in clothing and shoes sales and 2.1 percent increase in auto fuel sales.

At the very same time, retail sales volume grew at a yearly rate of 1.5 percent in January after rising 1.7 percent a month back.

Month-on-month, retail turnover dropped 0.4 percent and the volume moved 0.1 percent in January.

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

Daily analysis of EUR/JPY for March 30, 2018 888011000 110888 EUR/JPYThe situation on this cross pair remains the same. It can be appropriately said that the price is now varying, which would ultimately produce a neutral bias in the market. The sideways motion is expected to continue for a long time, but it would eventually end as volatility arises in the market. The formation of the EMAs 11 and 56, and the RSI duration 14 suggests some neutrality in the market. An increase from here would make the EMA 11 to remain above the EMA 56, and a fall from here may require the EMA 11to go listed below the EMA 56. The material has been supplied by InstaForex Business-www.instaforex.com

By | March 30, 2018

EUR/JPY

The situation on this cross pair remains unchanged. It can be rightly said that the price is now ranging, which would eventually bring about a neutral bias in the market. The sideways movement is expected to continue for some time, but it would eventually end as volatility arises in the market.

analytics5abe252ad21c2.png

The formation of the EMAs 11 and 56, and the RSI period 14 indicates some neutrality in the market. A rise from here would make the EMA 11 to stay above the EMA 56, and a fall from here may force the EMA 11 to go below the EMA 56.

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

Daily analysis of USD/JPY for March 30, 2018 888011000 110888 USD/JPYThere has actually been a shallow pullback in the market, following the current bullish effort on the USD/JPY. The bullish journey will soon resume. Which means the supply levels at 106.50 and 107.00 would be reached again, when volatility arises in the market, which would most likely favor bulls. The EMA 11 is above the EMA 56, and the RSI duration 14 is above the level 50, however that formation is being threatened by the current bearish correction in the market. There remains. A Bullish Confirmation Pattern in the 4-hour chart. The material has been supplied by InstaForex Business-www.instaforex.com

By | March 30, 2018

USD/JPY

There has been a shallow pullback in the market, following the recent bullish effort on the USD/JPY. However, the bullish journey will soon resume. Which means the supply levels at 106.50 and 107.00 would be reached again, when volatility arises in the market, which would most likely favor bulls.

analytics5abe24c989a8e.png

The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50, but that formation is being threatened by the current bearish correction in the market. There remains. A Bullish Confirmation Pattern in the 4-hour chart.

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

Everyday analysis of USD/CHF for March 30, 2018 888011000 110888 USD/CHFThere is a shallow pullback in the context of a short-term uptrend. The rate went briefly above the resistance level at 0.9550 and then fell listed below it. Much motion is not anticipated today, but price would ultimately go upwards once again, to remain above the resistance level at 0.9550. This is exactly what is anticipated for the next couple of trading days. There is a Bullish Confirmation Pattern in the 4-hour chart, but the Williams ‘%Range duration 20 is sloping downwards, depicting the ongoing shallow correction in the market. If the present bearish correction holds out, the EMA 11 will cross the EMA 56 to the drawback only. The material has been offered by InstaForex Business-www.instaforex.com

By | March 30, 2018

USD/CHF

There is a shallow pullback in the context of a short-term uptrend. The price went briefly above the resistance level at 0.9550 and then fell below it. Much movement is not anticipated today, but price would eventually go upwards again, to stay above the resistance level at 0.9550. This is what is anticipated for the next few trading days.

analytics5abe247f717d1.png

There is a Bullish Confirmation Pattern in the 4-hour chart, but the Williams’ % Range period 20 is sloping downwards, depicting the ongoing shallow correction in the market. The EMA 11 will cross the EMA 56 to the downside only if the current bearish correction holds out.

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