Technical analysis and trading recommendations for the EUR/ USD currency set as of May 18, 2018 888011000 110888 In the previous review, we went over that the “bearish” interest is preserved and the quotation handled to overcome the local minimum from May 9 (1.1821 ), then after it, exercising, inning accordance with the principle, the breakout breakdown. Now, we see how it gradually falls listed below our formerly formed breakdown of 1.1762, while preserving a “bearish” interest. It is possible to presume that the quotation will continue to show a downward mood, where the “last” hope of buyers remains the range level of 1.1700/ 1.1650. The product has actually been supplied by InstaForex Business -www.instaforex.com

By | May 18, 2018

In the previous review, we discussed that the “bearish” interest is preserved and the quotation managed to overcome the local minimum from May 9 (1.1821), then after it, working out, according to the principle, the breakout breakdown. Now, we see how it gradually falls below our previously formed breakdown of 1.1762, while maintaining a “bearish” interest. It is possible to assume that the quotation will continue to show a downward mood, where the “last” hope of buyers remains the range level of 1.1700 / 1.1650.

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Trading prepare for the United States session on May 18 EUR/ USD

By | May 18, 2018

To open long positions for EUR/ USD, you need: To purchase the euro in the 2nd half of the day, it is best to return after updating the lows of the month around 1.1765 and forming a false breakdown there, or to rebound from the assistance level of 1.1745. The main job of purchasers will be to go back to the resistance level of 1.1808, which will permit us to expect a larger upward correction to the area of 1.1805.

To open brief positions for EUR/ USD, you require:

While the trade is below 1.1808, the pressure on the euro will continue, and an unsuccessful effort to consolidate above this variety will serve as a good signal for the opening of short positions, with a view to decreasing the month to the low of 1.1765 and updating it in areas 1.1742 and 1.1710, where I recommend repairing the profits. Otherwise, you can offer the euro on a rebound from 1.1850.

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Description of indicators

MA (typical sliding) 50 days – yellow

MA (average moving) 30 days – green

MACD: quick EMA 12, sluggish EMA 26, SMA

Bollinger Bands 20

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

Trading prepare for the United States session on May 18 GBP/ USD

By | May 18, 2018

To open long positions for GBP/ USD, you require: Think about purchasing pound is best after updating the lower border of the side channel in the location of 1.3454 or after returning and fixing at morning resistance level of 1.3523, which opens a direct road to the upper border of 1.3563, where I recommend fixing the profits.To open brief positions for GBP/ USD, you require: While the trade is below the morning resistance level of 1.3523, the pressure on the pound will be preserved, which will result in the support of 1.3454, then to the descent into the region of brand-new lows of 1.3410 and 1.3366, where I advise repairing the profits. In the case of a GBP/ USD return to the resistance level of 1.3523, pound sales are best sought for a rebound from 1.3563 area. Description of indicators MA(average sliding)50 days -yellow MA(typical moving )1 Month-green MACD: quick EMA 12, sluggish EMA 26, SMA Bollinger Bands 20 The product has actually been offered by InstaForex Business-www.instaforex.com

Euro got a black mark from Italy

By | May 18, 2018

The growth in yields on Treasury bonds, impressed by the strong stats on US retail sales, the downturn of the European economy led by Germany in the first quarter and the escalation of political dangers after the production of the coalition in Italy have actually ended up being the catalysts for the EUR/ USD collapse to the most affordable level since December. Euro at the end of spring lost all key drivers, which enabled it to enhance in 2017 against the United States dollar by 14%. Then it was about the quick development of the European economy, rumors about the normalization of financial policy, the defeat of eurosceptics in the Netherlands and France, in addition to the inflow of capital into the monetary markets of the Old World. About a year after the triumph of Emmanuel Macron in the governmental election, EUR/ USD traded 10 figures higher, but the circumstance is more like the beginning of 2017. This suggests that the dangers of correction are growing.Italy, with its suddenly formed union of” 5 star” and the League has actually ended up being the catalyst for the collapse of the euro. In the tabloids, there was info that in the initial arrangement in between the celebrations there was a particular mechanism for leaving the republic from the eurozone and going back to its currency sovereignty. In addition, Rome was going to ask the ECB to write off financial obligations worth EUR 250 billion. The European Reserve bank bought Italian bonds in the QE application process, and the union apparently would refuse to repay them. In the file provided to the public, these arrangements were not found, but the emphasis of the future federal government on tax cuts and growth of social spending indicates that it was chosen to neglect the methods of fiscal combination in favor of financial growth.Uncertainty about the stability of the euro area and the infraction of EU principles adds to the flight of capital from the Italian securities markets. The yield of regional bonds is growing, their differentials with German counterparts are broadening,

which, on the one hand, indicates a boost in political threats, on the other, pushes the quotes of EUR/ USD to the south.Dynamics of EUR/ USD and yield differentials of bonds between Italy and Germany Everyone completely keeps in mind the chaos that rumors of a massive trade war gave the marketplace. The eurozone with its

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more than 40%share of exports to GDP is a lot more conscious them than the United States and China, which have half the figures. Therefore, the escalation of political risks in Italy might alter the ECB’s planned economic healing times for the currency block and move the date of completion of the QE and raising the rates for a later period. The Fed, on the contrary, means to aggressively tighten monetary and credit policy. This is evidenced by an increase in the likelihood of 4 boosts in the federal funds rate in 2018 from 39%to 52 %. The divergence is a powerful trump card in the hands of the”bears “in EUR/ USD. Technically continues the application of the pattern “Crab “with a target of 161.8%. It corresponds to 1.15. A needed condition for the continuation of the southern project

is an effective assault on 1.176( 78.6%Fibonacci of the last rising wave). EUR/ USD, everyday chart The material hasanalytics5afeb7dcb0239.png

been provided by InstaForex Business- www.instaforex.com

BITCOIN Analysis for May 18, 2018 888011000 110888 Bitcoin has been rather bearish just recently which lead the cost to live at the edge of $8,000. Bitcoin is presently rather weaker than expected when it comes to retracement along the process. The bullish momentum which began after breaking above $6,500 was rather comfy with the gains till the current bearish pressure took control of the market. As the bulls are still rather strong having the bears turning down off the $8,000 rate location presently, certain bullish momentum is anticipated in the coming days which is expected to push the rate higher above $8,500 location. As of the existing circumstance, the spontaneous bullish pressure can just be seen after the break above $9,000 with a daily close which will lead the rate all the method towards $10,000 price area in the future. As the cost remains above $8,000 with a daily close, the bullish bias is anticipated to continue. The product has actually been provided by InstaForex Business-www.instaforex.com

By | May 18, 2018

Bitcoin has been quite bearish recently which lead the price to reside at the edge of $8,000. Bitcoin is currently quite weaker than expected as for retracement along the process. The bullish momentum which started after breaking above $6,500 was quite comfortable with the gains until the recent bearish pressure took over the market. As the bulls are still quite strong having the bears rejecting off the $8,000 price area currently, certain bullish momentum is expected in the coming days which is expected to push the price higher above $8,500 area. As of the current scenario, the impulsive bullish pressure can only be seen after the break above $9,000 with a daily close which will lead the price all the way towards $10,000 price area in the future. As the price remains above $8,000 with a daily close, the bullish bias is expected to continue.

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NZD/USD Intraday technical levels and trading recommendations for May 18, 2018 888011000 110888 The price zone of 0.7320-0.7390stood as a substantial supply zone throughout current bullish pullback. The bulls cannot execute a successful Bullish breakout above 0.7400 throughout the previous week’s consolidations.The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 up until the bearish breakdown of 0.7200 occurred Yesterday.Since April 13, considerable bearish pressure has actually been used. This most likely turns the short-term outlook forthe NZD/USD pair into bearish giving substantial significance to the multiple-top turnaround pattern.That’s why a bearish breakdown of 0.7220-0.7170(neck line zone )was needed to confirm the depicted reversal pattern.Bearish target levels around 0.7050 and 0.7000 have actually been achieved already.The bearish situation needs obvious bearish persistence below 0.7050 to keep significant bearish momentum towards 0.6860 and 0.6820. That’s why the cost level of 0.7050 is currently considered a key-level for the NZD/USD bears.Any bullish breakout above the rate level of 0.7050 prevents additional bearish decrease allowing bullish pullback to occur towards 0.7170-0.7220. This will most likely allow conservative trend traders to await a bullish pullback towards the price zone of 0.7220-0.7170 (neck line zone) (considerable supply zone) for a valid OFFER entry.S/L must be placed above 0.7260. On the other hand, If bearish momentum persists, the price zone of 0.6820-0.6780 must be looked for bullish rejection and a valid BUY entry.The product has been offered by InstaForex Business-www.instaforex.com

By | May 18, 2018

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The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations.

The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until the bearish breakdown of 0.7200 occurred Yesterday.

Since April 13, significant bearish pressure has been applied. This probably turns the short-term outlook for the NZD/USD pair into bearish giving considerable significance to the multiple-top reversal pattern.

That’s why a bearish breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already.

The bearish scenario needs obvious bearish persistence below 0.7050 to maintain significant bearish momentum towards 0.6860 and 0.6820. That’s why the price level of 0.7050 is currently considered a key-level for the NZD/USD bears.

Any bullish breakout above the price level of 0.7050 hinders further bearish decline allowing bullish pullback to occur towards 0.7170-0.7220.

This will probably allow conservative trend traders to wait for a bullish pullback towards the price zone of 0.7220-0.7170 (neckline zone) (significant supply zone) for a valid SELL entry. S/L should be placed above 0.7260.

On the other hand, If bearish momentum persists, the price zone of 0.6820-0.6780 should be watched for bullish rejection and a valid BUY entry.

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

Intraday technical levels and trading recommendations for EUR/USD for May 18, 2018 888011000 110888 Daily Outlook The EUR/USD set had actually been caught in between the cost levels of 1.2200 and 1.2500 until bearish breakout occurred recently.Significant indications of bearish turnaround appeared around the rate levels of 1.2400. This appeared in the bearish engulfing day-to-day candlestick of April 20. The short-term outlook relies on become bearishas long as the EUR/USD pair keeps trading below the broken uptrend as well as the lower limit of the illustrated combination variety remainsbroken.Bearish persistence below the cost level of 1.2200 enabled even more bearish decline towards the price levels of 1.1990 and 1.1880. As pointed out, the price zone(1.1850-1.1750)offered significant bullish rejection and a short-term bullish pullback for intraday traders.However, a recent descending high was developed around the price level of 1.1990 as the EUR/USD bulls failed to pursue to greater bullish targets. This applies significant bearish pressure over the pointed out demand zone(1.1700-1.1750). If bearish momentum dominates, bearish persistence below 1.1700-1.1750(zone of previous everyday lows)will be needed to boost further bearish decline to 1.1400(the previously mentioned regular monthly key-level). The material has been supplied by InstaForex Company-www.instaforex.com

By | May 18, 2018

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Daily Outlook

The EUR/USD pair had been trapped between the price levels of 1.2200 and 1.2500 until bearish breakout occurred recently.

Significant signs of bearish reversal were manifested around the price levels of 1.2400. This was manifested in the bearish engulfing daily candlestick of April 20.

The short-term outlook turns to become bearish as long as the EUR/USD pair keeps trading below the broken uptrend as well as the lower limit of the depicted consolidation range remains broken.

Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880.

As mentioned, the price zone (1.1850-1.1750) offered significant bullish rejection and a short-term bullish pullback for intraday traders.

However, a recent descending high was established around the price level of 1.1990 as the EUR/USD bulls failed to pursue towards higher bullish targets. This applies significant bearish pressure over the mentioned demand zone (1.1700-1.1750).

If bearish momentum dominates, bearish persistence below 1.1700-1.1750 (zone of previous daily lows) will be needed to enhance further bearish decline towards 1.1400 (the previously mentioned monthly key-level).

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

Global macro overview for 18/05/2018

By | May 18, 2018

The over night Japan nationwide CPI information slowed to 0.7%on annual basis in April, below 0.9%and listed below the expectations of 0.8%. That’s the second month of decline and it moved even more far from Bank of Japan 2.0 %inflation target. It’s also the lowest level because September 2017 and off recent cyclical high of 1.0%embeded in February. General CPI slowed to 0.6% yoy, down from 1.1% yoy. The other index of CPI, excluding food and energy, slowed to simply 0.4% yoy, down from 0.5 %yoy.Recently, BoJ had abandoned the time frame for which the economy will fulfill the 2.0%inflation target. Moreover, the bank maintained the stance to continue with the ultra-loose monetary policy. While current rise in oil price could help raise ex-food and general CPI ahead, the core CPI information stayed worryingly weak. That’s why the ongoing BoJ easying program cloud now is continuing without any specific due date as there is still no inflationary pressures on the horizon.Let’s now take a look at the USD/JPY technical picture at the H4 amount of time. The marketplace keeps trading inside of a rising parallel channel and it made another regional high at the level of 111.03 in overbought conditions.

As long as the price will remain within the channel, the outlook stays bullish.The threats to this outlook are any safe house flows which might see JPY enhance. The nearby technical assistances for the pride are seen at the level of 110.43 and 110.03. The product has actually been supplied by InstaForex Company-www.instaforex.com

GBP/USD analysis for May 18, 2018 888011000 110888 Recently, the GBP/USD set has actually been trading sideways at the rate of 1.3505. According to the H1 time– frame, I found that rate is trading inside of the downward channel. My recommendations is to expect a prospective breakout of the intraday upward trendline to verify a further downward movement. If yousee a legitimate breakout of intraday trendline,watch for offering chances. The downward target is set atthe price of 1.3450. Resistance levels: R1: 1.3562 R2: 1.3613 R3: 1.3657 Assistance levels: S1: 1.3467 S2: 1.3432 S3: 1.3372 Trading suggestions for today: expect potential selling opportunities.The material has actually been offered by InstaForex Company-www.instaforex.com

By | May 18, 2018

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Recently, the GBP/USD pair has been trading sideways at the price of 1.3505. According to the H1 time – frame, I found that price is trading inside of the downward channel. My advice is to watch for a potential breakout of the intraday upward trendline to confirm a further downward movement. If you see a valid breakout of intraday trendline, watch for selling opportunities. The downward target is set at the price of 1.3450.

Resistance levels:

R1: 1.3562

R2: 1.3613

R3: 1.3657

Support levels:

S1: 1.3467

S2: 1.3432

S3: 1.3372

Trading recommendations for today: watch for potential selling opportunities.

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

Basic Analysis of AUD/JPY for May 18, 2018 888011000 110888 AUD/JPY has actually been quite impulsive with the bullish gains recently which led the rate to reside above 83.00 location with a day-to-day close. AUD acquired momentum over JPY regardless of mixed financial reports released just recently whereas JPY is under pressure in light of the Bank of Japan’s long-lasting plan.Recently, Australia’s Work Modification report was published with a substantial boost to 22.6 k from the previous negative figure of -0.7 k which was anticipated to be at 19.8 k and the Joblessness Rate edged as much as 5.6%from the previous worth of 5.5%. The combined readings worked as a fuel to the gains of AUD just recently which is anticipated to keep momentum in the coming days.On the other hand, today Japan’s National Core CPI report was released with a decline to 0.7%from the previous value of 0.9%which was anticipated to be at 0.8%. When it comes to the existing circumstance, the downbeat economic report from Japan helped AUD to get more momentum today whereas current mixed financial reports on Australia’s Employment was quite sufficient to sustain the bullish momentum in the pair. To summarize, AUD is anticipated to acquire further over JPY in the future.Now let us take a look at the technical view. The price is currently residing above the vibrantlevel of 20 EMA along with 83.00 area from where the rate is expected to press higher towards 84.50 in the coming days from where if JPY manages to push lower then specific bearish pressure might be observed in the future. As the rate stays above 82.00 support location, the bullish bias is anticipated to continue even more. The product has actually been provided by InstaForex Company-www.instaforex.com

By | May 18, 2018

AUD/JPY has been quite impulsive with the bullish gains recently which led the price to reside above 83.00 area with a daily close. AUD gained momentum over JPY despite mixed economic reports published recently whereas JPY is under pressure in light of the Bank of Japan’s long-term plan.

Recently, Australia’s Employment Change report was published with a significant increase to 22.6k from the previous negative figure of -0.7k which was expected to be at 19.8k and the Unemployment Rate edged up to 5.6% from the previous value of 5.5%. The mixed readings worked as a fuel to the gains of AUD recently which is expected to keep momentum in the coming days.

On the other hand, today Japan’s National Core CPI report was published with a decrease to 0.7% from the previous value of 0.9% which was expected to be at 0.8%.

As for the current scenario, the downbeat economic report from Japan helped AUD to gain more momentum today whereas recent mixed economic reports on Australia’s Employment was quite enough to sustain the bullish momentum in the pair. To sum up, AUD is expected to gain further over JPY in the future.

Now let us look at the technical view. The price is currently residing above the dynamic level of 20 EMA as well as 83.00 area from where the price is expected to push higher towards 84.50 in the coming days from where if JPY manages to push lower then certain bearish pressure may be observed in the future. As the price remains above 82.00 support area, the bullish bias is expected to continue further.

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