Monthly Archives: December 2018

BITCOIN Analysis for December 28, 2018 888011000 110888 Bitcoin has actually been rather spontaneous with bullish gains just recently which engulfed a great number of bearish corrective candle lights with one go. After the rate had actually been rejected off the $4,250 location, it handled to push lower near $3,600 location while abrupt impulsive bullish momentum swallowed up the previous corrective bearish pressure in the process. Presently the cost is living above 200 EMA again which suggests more bullish pressure in the coming days. The rate is anticipated to press greater towards $4,250 again. The overall structure of Bitcoin is very volatile inside the rate range of $3,500 to $4,250 area recently. On the other hand, a break above $4,250 might cause strong bullish momentum with a target towards $5 000 in the future. As the rate stays above $3,000 with a day-to-day close, the bullish predisposition is expected to continue. ASSISTANCE: 3,000, 3,500, 3,600RESISTANCE: 4,000, 4,250, 4,500, 5,000PREDISPOSITION: BULLISHMOMENTUM: VOLATILE The material has been supplied by InstaForex Company -www.instaforex.com

By | December 28, 2018

Bitcoin has been quite impulsive with bullish gains recently which engulfed a great number of bearish corrective candles with one go. After the price had been rejected off the $4,250 area, it managed to push lower near $3,600 area while sudden impulsive bullish momentum engulfed the previous corrective bearish pressure in the process. Currently the price is residing above 200 EMA again which indicates further bullish pressure in the coming days. The price is expected to push higher towards $4,250 again. The overall structure of Bitcoin is extremely volatile inside the price range of $3,500 to $4,250 area recently. On the other hand, a break above $4,250 could lead to strong bullish momentum with a target towards $5 000 in the future. As the price remains above $3,000 with a daily close, the bullish bias is expected to continue.

SUPPORT: 3,000, 3,500, 3,600

RESISTANCE: 4,000, 4,250, 4,500, 5,000

BIAS: BULLISH

MOMENTUM: VOLATILE

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

EUR/USD Approaching Resistance, Get Ready For A Reversal

By | December 28, 2018

EUR/USD is approaching its resistance at 1.1506(100%& 61.8%Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance)where it is expected to reverse down to its support at 1.1363(61.8%Fibonacci retracement, horizontal swing low assistance).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a matching reversal is expected.EUR/ USD is approaching its resistance where we expect to see a reversal.Sell below 1.1506. Stop loss 1.1618. Take earnings at 1.1363. The product has actually been provided by InstaForex Business – www.instaforex.com

The British Parliament will have the ability to approve a Brexit offer if the prepare for the Irish border is temporary

By | December 28, 2018

British Foreign Minister Jeremy Hunt said that Parliament would consent to an arrangement with the European Union under the terms of Brexit if the”security” prepare for the Irish border is temporary. As is known, the exit of Britain from the EU is arranged for March 29, 2019. At the exact same time, a “security” plan for the border with Ireland can be executed from January 2021, if the UK and the EU fail to deal with the problem of a “hard” border in between the Republic of Ireland and Northern Ireland. According to this strategy, both the European Union and Britain will be found in a single custom-mades area, and it will be possible to decline such conditions only by shared approval of the parties.

British political leaders opposed such an “insurance coverage” strategy because it implies the requirement for inspections at the border of Northern Ireland and the rest of Britain.

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

The dollar took stock on the fly

By | December 28, 2018

The ending of 2018 is & marked by increased financier attention on stock indices. The collapse of the S & P 500 with subsequent attempts by the US administration to support the scenario did not leave indifferent participants in the FOREX market. Asylum properties in the face of the swiss franc and the japanese yen were particularly popular. On the contrary, the United States dollar lost ground. The “bulls” of one opponent’s weak point will not be enough to continue the EUR/ USD rally. We require our own trumps but you do not find them in the afternoon with fire.

The thin vacation market may develop into a loss of 9% or more for the US stock indices for the month, which, for example, for the S&P 500 will be the worst vibrant considering that the crisis. After all, it was precisely the high demand for papers released in the United States that ended up being the driver for the rally of the USD index in April-November. Compared with the worldwide MSCI, “Americans” looked better for most of the year, which promoted a circulation of capital to the United States and added to the conditioning of the dollar. December sales resulted in a drop in liquidity listed below vital levels and forced US Secretary of Financing Steve Mnuchin to step in.

Characteristics of liquidity and stock indices

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And yet, there is logic in the words of Donald Trump, who asserts that a strong stock market suggests a strong economy. It is specifically since of the advancing dynamics of the S & & P 500 over the worldwide MSCI for most of the year the US dollar has been growing. Will it be strengthened in 2019? The response depends on which they wish to lose speed faster, the US GDP or the global economy? The fading of fiscal stimulus, political dysfunction, hazards to the independence of the Fed and the disabling of the United States government increase the possibility of a first situation. Who understands what protectionism and import duties will turn for the eurozone, China and other countries.

Under existing conditions, it is best to count on US macroeconomic statistics. And it’s not just the Fed’s objective to make decisions based on inbound information. The point is the speed at which the American economy changes from fifth equipment. If on the fourth, the dollar will continue to feel like a king. On the third or on the 2nd, they will eliminate it as if they were tired toys. It ought to be considered that the economic calendar might be modified at any time due to short-lived downtime of the executive. In this regard, crucial releases, consisting of on the labor market in December, might come out rather behind is presently expected.

The development of EUR/ USD is associated not just with the closure of long positions on the United States dollar. There are reports in the market that at the slightest positive, the ECB will start to normalize financial policy. If a crisis occurred in the Old World, he would not have enough firepower to withstand.

Technically, the application of the combination of the “3 Indians” and “Splash and Regiment” patterns strengthens the threats of continuing the EUR/ USD rally towards the target by 88.6% based on the Shark design.

EUR/ USD day-to-day chart

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

USD/JPY analysis for December 28, 2018 888011000 110888 Recently, the USD/JPY pair has been trading downwards. The rate evaluated the level of 110.15. According to the daily time– frame, I have actually found there is strong selling pressure on USD/JPY which price breached the lower Keltner band, which is a clear-cut indication of weak point. I have likewise found that there is an extremely low reading on the LBR oscillator, which is another indication of weakness. The assistance at 111.36 is likewise broken and has been re-tested in the background, which adds more disadvantage pressure.My suggestions is to expect selling chances. The downward targets are set at the cost of 109.78 and at the price of 109.43. The material has been offered by InstaForex Company -www.instaforex.com

By | December 28, 2018

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Recently, the USD/JPY pair has been trading downwards. The price tested the level of 110.15. According to the daily time – frame, I have found there is strong selling pressure on USD/JPY and that price breached the lower Keltner band, which is a clear-cut sign of weakness. I have also found that there is a very low reading on the LBR oscillator, which is another sign of weakness. The support at 111.36 is also broken and has been re-tested in the background, which adds more downside pressure. My advice is to watch for selling opportunities. The downward targets are set at the price of 109.78 and at the price of 109.43.

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

EUR/ USD: the next resistance level is 1.1515

By | December 28, 2018

The pre-New Year duration in the forex market is defined by two opposite states either a phlegmatic flat or abnormal volatility. The euro-dollar traders did not go into hibernation and show quite vigorous activity this year. This contributes to the colorful fundamental background, mostly concerning the prospects for the United States currency. The dollar index fell from 97.4 points to the current 95.9 for the 3 weeks of December, reflecting the decrease in need for greenbacks. The yield on 10-year-old treasuries also consolidated listed below the 3% mark, putting extra pressure on the currency.

The primary factors for the weakening of the dollar can be divided into two components: firstly, this is the position of the Fed, and secondly – the current occasions of a political and macroeconomic nature. In my opinion, the beginning point for a decrease in the dollar was the December meeting of the Federal Reserve, where the regulator revealed a downturn in the tightening up of monetary policy. Traders have actually always treated with some doubt the point projection of the Fed, which, as a guideline, reflects the most positive scenario. For that reason, when the regulator minimized the approximate number of raises to 2, then there right away appeared on the market that the market must be gotten ready for just one rate boost in 2019. Some professionals voiced a more downhearted option in which the Fed will take a wait and see position throughout the next year.

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Under conditions of such unpredictability, the role of crucial macroeconomic indications is growing. Let me advise you that the American regulator reduced its forecasts for GDP development and inflation, while Jerome Powell included that next year the data will be “not so favorable” to the Fed’s projections, as it was, for instance, this year. Therefore, the customer self-confidence index released the other day seriously tore down the position of the United States currency. The release was much worse than expected: for the very first time in five months, the sign dropped listed below the 130th mark.

The decrease in consumer activity is filled with a slowdown in inflation – and after all, the customer rate index showed weak growth in November. In addition, the index of individual usage expenditures which is one of the primary indications, which is closely kept an eye on by the Fed likewise dissatisfied traders. On a month-to-month basis, the indication stayed at 0.1%, although professionals predicted a very little boost to 0.2%. Similarly, other indications in the exact same method do not make happy dollar bulls as the level of wages is marking time. Nonfarm dropped to 155 thousand and the GDP indication was modified downwards to 3.4%.

All this suggests that investors’ issues about the lingering pause are really reasonable and although these are only independent speculations of traders, these elements have a strong pressure on the US currency. The political crisis in the US plays only a background role, which by the way, also matches the general unfavorable photo. Yesterday, the US Senate did rule out the budget, consequently extending the “shutdown” until January 2 of next year when the lawmakers will meet in a new composition. Trump is promoting his election pledge to build a wall on the border with Mexico and the congressmen, in turn, refuse to assign a wonderful quantity of five billion dollars for this.

The scenario is clearly at a deadlock and without any compromise solutions. According to the Democrats, they are all set to allocate just 1.3 billion to “other measures to make sure border security,” while Trump said he would not sign such a budget. On his Twitter account, he said that the shutter will last “as long as it takes,” hinting at additional fight. The political split is worsened by the fact that the Democrats in January will get control over the House of Representatives while the Republicans will take several additional seats in the Senate.

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Simply put, the hazy outlook for the monetary policy of the Fed and political unpredictability put pressure on the dollar, pressing the EUR/USD pair to the borders of the 15th figure. The European currency does not yet have its own arguments for growth, therefore, the northern price characteristics are due only to American events. However, the European calendar is not completely empty. A preliminary assessment of information on inflation growth in Germany will be published today. The characteristics of German inflation can have a considerable effect on the euro, especially because experts predict the contradictory dynamics of this sign. After a two-month decline on a month-to-month basis, the consumer cost index need to increase to 0.3% while it is anticipated to decline to 1.9% in annual terms. If these signs come out in the “green” zone, the pair will receive a factor for additional growth.

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In technical aspect, the pair broke the first resistance level of 1.1440 (the upper line of the Bollinger Bands on the day-to-day chart) and headed for the next barrier that corresponds to the upper border of the Kumo cloud on the exact same timeframe (1.1515 mark). If the rate consolidates above this level, the Ichimoku Kinko Hyo sign will generate a bullish Parade of Lines signal, which will open the way to the location of the 16th figure. Today, these are all prerequisites for the execution of this scenario.

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

EUR/USD analysis for December 28, 2018 888011000 110888 Just recently, the EUR/USD set has actually been trading upwards. The rate tested the level of 1.1470. According to the M15 time– frame, I have discovered that price is trading above the Ichimoku cloud and above the everyday pivot(1.1410), which is a sign that purchasers remain in control today. I also discovered that triple top formation on the point and figure chart, which is another indication of strength.My recommendations is to look for purchasing opportunities. The upward target is set at the cost of 1.1512(resistance 1). The material has actually been supplied by InstaForex Company-www.instaforex.com

By | December 28, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1470. According to the M15 time – frame, I have found that price is trading above the Ichimoku cloud and above the daily pivot (1.1410), which is a sign that buyers are in control today. I also found that triple top formation on the point and figure chart, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1512 (resistance 1).

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