NZD/USD Intraday technical levels and trading suggestions for July 19, 2017 888011000 110888 Daily Outlook The NZD/USD set has been trending up within the portrayed bullish channel since January 2016. In November 2016, early indications of bullish weakness were expressed on the chart when the set failed to tape-record a brand-new high above 0.7400. A bearish breakout of the lower limitation of thechannel occurred in December 2016. In February 2017, the portrayed short-term drop was initiated in the portrayed supply zone(0.7310-0.7380).A current bullish breakout above the sag line took location in May 22. Ever since, the marketplace has been bullish as portrayed on the chart.The price zone of 0.7150-0.7230 (SUPPLY ZONE in confluence with 61.8%Fibonacci level )stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230. This led to a quick bullish advance towards the next supply zone around 0.7310-0.7380 where obviousbearish rejection and a valid OFFER chance can be used if sufficient bearish rejection is expressed.Currently, the NZD/USD set remains trapped between the price levelsof 0.7230-0.7310 up until a breakout takes place in either direction.Trade suggestions: Risky traders can have a valid SELL entry at retesting of the rate zone of 0.7310-0.7400. S/L shouldbe positioned above 0.7440. Conservative traders can wait for a bearish closure listed below 0.7230 then 0.7150 (61.8% Fibo level)for a legitimate OFFER position.S/ L should be placed above 0.7250 while T/P levels need to be placed at 0.7050, 0.6970, and 0.6850.The material has been supplied by InstaForex Business – www.instaforex.com

By | July 19, 2017

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Daily Outlook

The NZD/USD pair has been trending up within the depicted bullish channel since January 2016.

In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400.

A bearish breakout of the lower limit of the channel took place in December 2016.

In February 2017, the depicted short-term downtrend was initiated in the depicted supply zone (0.7310-0.7380).

However, a recent bullish breakout above the downtrend line took place in May 22. Since then, the market has been bullish as depicted on the chart.

The price zone of 0.7150-0.7230 (SUPPLY ZONE in confluence with 61.8% Fibonacci level) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 where evident bearish rejection and a valid SELL opportunity can be offered if enough bearish rejection is expressed.

Currently, the NZD/USD pair remains trapped between the price levels of 0.7230 – 0.7310 until a breakout occurs in either direction.

Trade recommendations:

Risky traders can have a valid SELL entry at retesting of the price zone of 0.7310-0.7400. S/L should be placed above 0.7440.

Conservative traders can wait for a bearish closure below 0.7230 then 0.7150 (61.8% Fibo level) for a valid SELL position.

S/L should be placed above 0.7250 while T/P levels should be placed at 0.7050, 0.6970, and 0.6850.

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

Gold Deceived Speculators

By | July 19, 2017

Moderately pigeon rhetoric Janet Yellen, frustrating statistics on United States inflation and retail sales, which is the first time because 2010, China’s GDP growth of 6.9 % in the second quarter and the closure of short positions were the primary factors of the gold futures rebound from support level at$1205 per

ounce. The essential motorist of the XAU/ USD rally was the weak point of the US dollar.

An essential consider the XAU/ USD rally was a modification in the state of mind of major players.

The characteristics of speculative positions in gold

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Source: Bloomberg. Subsequent events revealed that speculators were misinterpreted. In an effort to correct an oversight, hedge funds began to go back to the market and a few of the recorded profits on brief positions was supported by XAU/ USD.

In the short term, the fate of gold will depend on the successes in passing the bill on budget reform through the United States Congress and the material of the negotiation in between Washington and Beijing over trade cooperation. In addition, the brand-new macroeconomic stats on the US political risks, the risks of protectionism and the slowdown in international GDP, coupled with the state of the US economy’s health are essential motorists of modification in the value of rare-earth elements.

Technically XAU/ USD quotations back to the neck line of the “head and shoulders” pattern. A break in the diagonal resistance increases the danger of continuation of the Northern Expedition directed to $1,265 and $ 1,280 per ounce. On the contrary, the rebound followed by an effective test of support at $1,228 will allow the “bears” to return the lead.

Gold Daily Chart

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GBP/USD analysis for July 19, 2017 888011000 110888 Just recently, the GBP/USD has actually been trading sideways at the price of 1.3025 According to the 30M timespan, I found that strong supply entered the market in the background. Today, I discovered no demand bars and up-thrust bars, which is a sign that sellers are in control. My guidance is to expect possible selling opportunities . The downward targets areset at the costof 1.3005, 1.2990and 1.2945. Resistance levels: R1: 1.3065 R2: 1.3080 R3: 1.3110 Support levels: S1: 1.3025 S2: 1.3000 S3: 1.2985 Trading suggestions for today: expect possible selling opportunities.The material has actually been offered by InstaForex Company-www.instaforex.com

By | July 19, 2017

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Recently, the GBP/USD has been trading sideways at the price of 1.3025 According to the 30M time frame, I found that strong supply entered the market in the background. Today, I found no demand bars and up-thrust bars, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3005, 1.2990 and 1.2945.

Resistance levels:

R1: 1.3065

R2: 1.3080

R3: 1.3110

Support levels:

S1: 1.3025

S2: 1.3000

S3: 1.2985

Trading recommendations for today: watch for potential selling opportunities.

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

Daily analysis of major sets for July 19, 2017 888011000 110888 EUR/USD: The EUR/USD has actually moved up-wards seriously this week. Any short-term bearish corrections in the market may be followed by more bullish attempts. The outlook on the EUR/USD is bullish for today, and the next target is located at the resistance line at 1.1600, which might be exceeded. USD/CHF: The USD/CHF has gone seriously downwards today, moving below the resistance level at 0.9550. A. short-term upwards bounce might assist cost reach the resistance level at 0.9600.( which may reject the bounce). It is anticipated that the marketplace would fall further. today and tomorrow. GBP/USD: The GBP/USD is currently being fixed, however the bullish predisposition on it has remained undamaged (unless the rate stop by 200 pips from here). Further bearish efforts could be consisted of at the accumulationterritory at 1.2950. It is possible to see the GBP/USD go upwards by over 200 pips from here, putting more emphasis on the recent bullish bias. USD/JPY: There is a Bearish. Verification Pattern in the USD/JPY 4-hour chart. Owing to the weak point of USD,. the EMA 11 has actually crossed the EMA 56 to the downside. About 230 pips have actually been. given up given that recently, and it is expected that the marketplace would continue to. go increasingly more bearish, reaching the need levels at 112.00, 111.50 and. 111.00. EUR/JPY: This is a flat market. The cross has refrained from doing anything considerable so far today, and it may. be OK to keep away until there is a directional motion. There is a supply. zone at 130.50 and there is a need zone at 128.00. Either of this need to be. breached to the advantage or the drawback prior to there can be a directional bias. The product has actually been offered by InstaForex Business- www.instaforex.com

By | July 19, 2017

EUR/USD: The EUR/USD has moved upwards seriously this
week. Any short-term bearish corrections in the market may be followed by more
bullish attempts. The outlook on the EUR/USD is bullish for this week, and the
next target is located at the resistance line at 1.1600, which may be exceeded.

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USD/CHF: The USD/CHF has gone
seriously downwards this week, moving below the resistance level at 0.9550. A
short-term upwards bounce may help price reach the resistance level at 0.9600
(which may reject the bounce). It is expected that the market would fall further
today and tomorrow.

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GBP/USD: The GBP/USD is currently being corrected, but the bullish bias on it has remained intact (unless the price drops by 200 pips from here). Further bearish attempts could be contained at the accumulation territory at 1.2950. It is possible to see the GBP/USD go upwards by over 200 pips from here, putting more emphasis on the recent bullish bias.

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USD/JPY: There is a Bearish
Confirmation Pattern in the USD/JPY 4-hour chart. Owing to the weakness of USD,
the EMA 11 has crossed the EMA 56 to the downside. About 230 pips have been
given up since last week, and it is expected that the market would continue to
go more and more bearish, reaching the demand levels at 112.00, 111.50 and
111.00.

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EUR/JPY: This is a flat market.
The cross has not done anything significant so far this week, and it may
be OK to stay away until there is a directional movement. There is a supply
zone at 130.50 and there is a demand zone at 128.00. Either of this must be
breached to the upside or the downside before there can be a directional bias.

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Technical analysis of EUR/USD for July 19, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as German 30-y Bond Auction. The US will release the Economic Data, too, such as Crude Oil Inventories, Real estate Begins, and Structure Allows, so, amid the reports, EUR/USD will relocate a low to mediumvolatility during this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.1604.Strong Resistance:1.1597. Initial Resistance: 1.1586. Inner Offer Location: 1.1575.Target Inner Area: 1.1548.Inner Buy Area: 1.1521. Original Assistance: 1.1510. Strong Assistance: 1.1499. Breakout SELL Level: 1.1492. Disclaimer: Trading Forex(foreign exchange)on margin carries a high level of danger, and might not appropriate for all financiers. The high degree of take advantage of can work against you as well as for you. Before deciding to purchase forex you ought to thoroughly consider your investment goals, level of experience, and threat cravings. The possibility exists that you might sustain a loss of some or all of your preliminary financial investment and therefore you need to not invest money that you can not pay for to lose. You should understand all the risks associated with foreign exchange trading, and seek advice from an independent monetary advisor if you have any doubts.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | July 19, 2017

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When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction. The US will release the Economic Data, too, such as Crude Oil Inventories, Housing Starts, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1604.

Strong Resistance:1.1597.

Original Resistance: 1.1586.

Inner Sell Area: 1.1575.

Target Inner Area: 1.1548.

Inner Buy Area: 1.1521.

Original Support: 1.1510.

Strong Support: 1.1499.

Breakout SELL Level: 1.1492.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Technical analysis of USD/JPY for July 19, 2017 888011000 110888 In Asia, today Japan will not release any Economic Data, but the US will launch some Economic Data, such as Crude Oil Inventories,Housing Begins, and Building Permits. So, there is a likelihood the USD/JPY will move with low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.64.Resistance. 2: 112.42. Resistance. 1: 112.22. Assistance. 1: 111.93. Assistance. 2: 111.71. Assistance. 3: 111.49. Disclaimer: Trading Forex(foreign exchange)on margin brings a high level of threat, and may not be suitable for all financiers. The high degree of utilize can work against you along with for you. Prior to deciding to purchase foreign exchange you must thoroughly consider your investment objectives, level of experience, and threat cravings. The possibility exists that you might sustain a loss of some or all of your initial investment and therefore you ought to not invest loan that you can not manage to lose. You must know all the threats associated with forex trading, and seek advice from an independent financial advisor if you have any doubts.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | July 19, 2017

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In Asia, today Japan will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, Housing Starts, and Building Permits. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 112.64.

Resistance. 2: 112.42.

Resistance. 1: 112.22.

Support. 1: 111.93.

Support. 2: 111.71.

Support. 3: 111.49.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

South Korea PPI Slips 0.4% In June

By | July 19, 2017

Producer rates in South Korea were down 0.4 percent on month in June, the Bank of Korea said on Wednesday following the 0.3 percent contraction in May.

Individually, costs for agricultural, forestry and marine items fell 1.2 percent on month, while making items shed 0.6 percent, and services and energies were the same.

On a yearly basis, prices advanced 2.8 percent after increasing 3.4 percent in the previous month.

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

Australia Leading Index Drops In June – Westpac

By | July 19, 2017

A leading index for the Australian economy continued to show pessimism in June, and at a sharper rate, the most recent study from Westpac Bank exposed on Wednesday.

The index was down 0.14 percent after reducing an upwardly modified 0.01 percent in May (initially -0.02 percent).

The figure remains unfavorable, meaning that pessimists outnumber optimists.

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