BITCOIN Analysis for February 16, 2018 888011000 110888 Bitcoin has been rather indecisive today after current impulsive bullish gains since it bounced off the $6,000 assistance location. The rate handled to break above $10,000 rate area however might not sustain the bullish momentum which resulted in unpredictability along the method. Just recently, due to alleviate in Chinese policy for the Bitcoin, the rate has been showing steady bullish gains. Chinese bulls are anticipated to press the rate much impulsively in the coming days. As for the existing circumstance, the everyday close above or listed below $10,000 cost area today will result in a further guaranteed pattern in the coming days. On the other hand, particular correction is expected if the price breaks up higher with a target towards $12,000 price location. The material has been supplied by InstaForex Company-www.instaforex.com

By | February 16, 2018

Bitcoin has been quite indecisive today after recent impulsive bullish gains since it bounced off the $6,000 support area. The price managed to break above $10,000 price area but could not sustain the bullish momentum which led to uncertainty along the way. Recently, due to ease in Chinese regulation for the Bitcoin, the price has been showing steady bullish gains. Moreover, Chinese bulls are expected to push the price much impulsively in the coming days. As for the current scenario, the daily close above or below $10,000 price area today will lead to a further definite trend in the coming days. On the other hand, certain correction is expected if the price breaks up higher with a target towards $12,000 price area.

analytics5a86dcc6aa8cf.png

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

Basic Analysis of AUD/JPY for February 16, 2018 888011000 110888 AUD/JPY is presently living at the edge of 84.50 where the rate is struggling to proceed lower under very volatile circumstances. AUD has been rather mixed in the middle of recent financial reports that made the currency lose momentum versus JPY. Nevertheless, JPY could not sustain the constant bearish pressure because it bounced off the 89.00 resistance area. Today, Reserve Bank of Australia’s Guv Lowe discussed the current economic advancements consisting of a decline in the Unemployment Rate while resolving the inflation problem which is running under 2% and minor development of Home Income as anticipated. The neutral declaration from Governor Philip Lowe pressed the marketplace into indecision whereas JPY in the middle of recent mixed economic reports picked up speed versus AUD rather well. Just recently, Japan’s Revised Industrial Production report was published with an increase to 2.9% which was expected to be unchanged at 2.7% and Prelim GDP report showed a considerable reduction to 0.1% from the previous worth of 0.6% which was expected to be at 0.2%. So amidst blended financial reports, JPY has actually been the dominant currency in the set while AUD is dealing with specific indecision and even worse financial reports. To sum up, JPY is anticipated to get additional momentum in the set until AUD creates a positive financial report or event to support its gains in the coming days.Now let uslook at the technical chart. The rate is presently living listed below 84.50 cost area from where it is expected to continue lower towards 82.00 assistance location. Particular correction can be observed along the way to 82.00 support area. As the cost remains below 85.50 which is the current lower high, the cost is anticipated to follow the bearish predisposition. The product has actually been provided by InstaForex Business- www.instaforex.com

By | February 16, 2018

AUD/JPY is currently residing at the edge of 84.50 where the price is struggling to proceed lower under extremely volatile circumstances. AUD has been quite mixed amid recent economic reports which made the currency lose momentum against JPY. However, JPY could not sustain the constant bearish pressure since it bounced off the 89.00 resistance area. Today, Reserve Bank of Australia’s Governor Lowe spoke about the recent economic developments including a decrease in the Unemployment Rate while addressing the inflation issue which is running under 2% and minor growth of Household Income as expected. The neutral statement from Governor Philip Lowe pushed the market into indecision whereas JPY amid recent mixed economic reports gained ground against AUD quite well. Recently, Japan’s Revised Industrial Production report was published with an increase to 2.9% which was expected to be unchanged at 2.7% and Prelim GDP report showed a significant decrease to 0.1% from the previous value of 0.6% which was expected to be at 0.2%. So amid mixed economic reports, JPY has been the dominant currency in the pair while AUD is struggling with certain indecision and worse economic reports. To sum up, JPY is expected to gain further momentum in the pair until AUD comes up with a positive economic report or event to support its gains in the coming days.

Now let us look at the technical chart. The price is currently residing below 84.50 price area from where it is expected to proceed lower towards 82.00 support area. Certain correction can be observed along the way towards 82.00 support area. As the price remains below 85.50 which is the recent lower high, the price is expected to follow the bearish bias.

analytics5a86daa4cf815.png

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

Global macro summary for 16/02/2018

By | February 16, 2018

The contract between the OPEC nations and Russia regarding the restriction of oil production has been going on for over a year and it can be stated that the goals set at the start were accomplished partially. To start with, the oil market was balanced, which was clearly supported by the global economic recovery. The need for black gold remains strong, and the current example is the data from India, where in January imports reached a record level of 4.93 million barrels daily, which suggests a boost of 13.6% compared with the previous year. As a result, international gas reserves, which stopped by 154 million barrels in 2015, are only 52 million barrels above the five-year average. This drop is supported by the stable ratio of excess demand development over the development of supply, which has been going on because the start of last year. As an outcome, the number of oil tankers off the coast of Singapore and Malaysia fell from 40 in mid-2016 to less than 15 in February this year. In addition, if they were stuffed before and they are not now. The second crucial goal of the cartel was the desire to change the rate relationship in the futures market, so that the cost of the raw product with instant shipment was not lower than the cost with deferred date of conclusion. This scheme is called contago and motivates oil storage. Presently, nevertheless, the rate structure is reversed, what is called backwardation and makes the storage of oil for its later sale lose its meaning. Hence, OPEC might more than happy with itself, however the main issue is the rapidly growing production in the US, which has already overtaken the export leader Saudi Arabia, and later on this year might surpass Russia and replace the biggest producer in the world. This means that the hardly achieved balance on the marketplace is vulnerable. In this context, the latest signals from OPEC are not surprised that there will be no abrupt termination of the contract, and deal with a long-lasting kind of cooperation with Russia is underway.Let’s now take

a look at the Petroleum technical photo at the H4 amount of time. The marketplace has actually bounced from the support at the level of 58.06 once again and moved higher to the level of 62.10. The momentum is still strong and points to the north, so there is a possibility of another rally greater if the level of 62.10 is broken. On the other hand, the nearby technical support is seen at the level of 61.08.

analytics5a86d5d03692c.jpg

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

Basic Analysis of NZD/USD for February 16, 2018 888011000 110888 NZD/USD has actually been quite spontaneous with the bullish gains just recently which has lead the price to retest and reject off the 0.7450 resistance location. NZD has been rather positive with the economic reports today while USD was fighting with the mixed economic reports. Recently, Inflation Expectation report was published in New Zealand with a small increase to 2.1% from the previous worth of 2.0% and FPI report showed a favorable modification to 1.2% from the previous negative worth of -0.8%. The positive inflation report assisted NZD to acquire spontaneous momentum which led to impulsive supremacy over USD this week. Today, New Zealand Service Manufacturing Index report was released with a boost to 55.6 from the previous figure of 51.1. NZD might not sustain the gain well enough, as a result NZD lost some premises versus USD after a non-volatile intraday bullish trend in location. On the other hand, today US Building Allows report is yet to be released which is expected to show a small decrease to 1.29 M from the previous figure of 1.30 M, Housing Begins is anticipated to increase to 1.23 M from the previous figure of 1.19 M, Import Costs is expected to increase to 0.6% from the previous worth of 0.1%, and Prelim UOM Consumer Sentiment report is expected to have a small decline to 95.4 from the previous figure of 95.7. To summarize, any favorable economic report on the USD side which are yet to be released, will have the ability to push the price much lower against NZD that may result in steady bearish pressure in the coming days.Now let uslook at the technical chart. The rate is expected to proceed lower to the assistance location 0.7250 as today the price turned down off the important event level of 0.7450 resistance area with a day-to-day close. The pattern has been quite unpredictable just recently, so the set is anticipated to trade under bearish pressure in the coming days. As the price remains below 0.7450, the bearish bias is anticipated to continue further. The material has been provided by InstaForex Business-www.instaforex.com

By | February 16, 2018

NZD/USD has been quite impulsive with the bullish gains recently which has lead the price to retest and reject off the 0.7450 resistance area. NZD has been quite positive with the economic reports this week while USD was struggling with the mixed economic reports. Recently, Inflation Expectation report was published in New Zealand with a slight increase to 2.1% from the previous value of 2.0% and FPI report showed a positive change to 1.2% from the previous negative value of -0.8%. The positive inflation report helped NZD to gain impulsive momentum which resulted in impulsive domination over USD this week. Today, New Zealand Business Manufacturing Index report was published with an increase to 55.6 from the previous figure of 51.1. However, NZD could not sustain the gain well enough, as a result NZD lost some grounds against USD after a non-volatile intraday bullish trend in place. On the other hand, today US Building Permits report is yet to be published which is expected to show a slight decrease to 1.29M from the previous figure of 1.30M, Housing Starts is expected to increase to 1.23M from the previous figure of 1.19M, Import Prices is expected to increase to 0.6% from the previous value of 0.1%, and Prelim UOM Consumer Sentiment report is expected to have a slight decrease to 95.4 from the previous figure of 95.7. To sum up, any positive economic report on the USD side which are yet to be published, will be able to push the price much lower against NZD that might lead to steady bearish pressure in the coming days.

Now let us look at the technical chart. The price is expected to proceed lower towards the support area 0.7250 as today the price rejected off the important event level of 0.7450 resistance area with a daily close. The trend has been quite volatile recently, so the pair is expected to trade under bearish pressure in the coming days. As the price remains below 0.7450, the bearish bias is expected to continue further.

analytics5a86d52400c90.png

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

NZD/USD Intraday technical levels and trading recommendations for February 16, 2018 888011000 110888 Daily Outlook In July 2017, an atypical Head and Shoulders pattern was expressed on the illustrated chart which indicated upcoming bearish reversal.As expected, the price level of 0.7050 stopped workingto provide enough bullish support for the NZD/USD set. That’s why, even more bearish decline was anticipated towards 0.6800(Turnaround pattern bearish target ). Evident signs of bullish recovery was expressed around the depicted low (0.6780). An inverted Head and Shoulders pattern was expressed around these cost levels.The cost zone of 0.7140-0.7250( popular Supply-Zone )failedto pause the ongoing bullish momentum. Instead, a bullish breakout above 0.7250 was revealed onJanuary 11. That’s why, the current bullish motion extended towards the rate levels of 0.7320 and 0.7390. A fast bullish motion was expected to the depicted supply zone(0.7320-0.7390)where evident bearish rejection and a valid OFFER entry were expected.On February 2, a bearish engulfing day-to-day candlestick was expressed. This improves the bearish scenario at first to the cost levelsof 0.7230 -0.7165 where recent bullish healing was expressed.Bearish fixation listed below 0.7160 is had to allow furtherbearish decrease to 0.7090. On the other hand, the cost zone(0.7320-0.7390 )stays a substantial supply zone to be looked for possible bearish rejection and another OFFER entry. Stop Loss ought to be as an everyday candlestick above 0.7450. The product has been provided by InstaForex Business-www.instaforex.com

By | February 16, 2018

analytics5a86c32202399.png

Daily Outlook

In July 2017, an atypical Head and Shoulders pattern was expressed on the depicted chart which indicated upcoming bearish reversal.

As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target).

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, the current bullish movement extended towards the price levels of 0.7320 and 0.7390.

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. This enhances the bearish scenario initially towards the price levels of 0.7230 – 0.7165 where recent bullish recovery was expressed.

Bearish fixation below 0.7160 is needed to allow further bearish decline towards 0.7090.

On the other hand, the price zone (0.7320-0.7390) remains a significant supply zone to be watched for possible bearish rejection and another SELL entry. Stop Loss should be as a daily candlestick above 0.7450.

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

GBP/USD analysis for February 16, 2018 888011000 110888 Recently, the GBP/USD set has actually been trading downwards. The rate checked the level of 1.4065. Anyhow, accorrding to the 30M time– frarme, I found an effective test of the pivot level at the cost of 1.4065, which is an indication that offering GBP/USD at this phase looks risky. I likewise found a bullish cross on the stochastic oscillator, which is another sign of strength. My adviceis to look for possible purchasing opportunities. The upwarrd target is setat the price of 1.4135. Resistance levels: R1: 1.4137 R2: 1.4175 R3: 1.4248 Assistance levels: S1: 1.4027 S2: 1.3955 S3: 1.3917 Trading suggestions for today: watch for prospective buying opportunities.The product has been offered by InstaForex Company-www.instaforex.com

By | February 16, 2018

analytics5a86c317d831b.png

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4065. Anyway, accorrding to the 30M time – frarme, I found a successful test of the pivot level at the price of 1.4065, which is a sign that selling GBP/USD at this stage looks risky. I also found a bullish cross on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upwarrd target is set at the price of 1.4135.

Resistance levels:

R1: 1.4137

R2: 1.4175

R3: 1.4248

Support levels:

S1: 1.4027

S2: 1.3955

S3: 1.3917

Trading recommendations for today: watch for potential buying opportunities.

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

USD/JPY analysis for February 16, 2018 888011000 110888 Just recently, the USD/JPY has been trading downwards. The cost evaluated the level of 105.54. Anyway, accorrding to the 30M time– frarme, I discovered fake breakout of yesterday’s low at the cost of 106.01, which is signt that selling looks dangerous. I likewise discovered a hidden bullish divergence on the moving aveage oscillator, which is another sign of strength. Myrecommendations is toenjoy forr potential buying opportunities. The upward target is set at the rate of 106.85. Resistance levels: R1: 106.75 R2: 107.36 R3: 107.72 Assistance levels: S1: 105.75 S2: 105.42 S3: 104.80 Trading recommendations for today: expect potential buying opportunities.The material has been offered by InstaForex Company-www.instaforex.com

By | February 16, 2018

analytics5a86c0470efc0.png

Recently, the USD/JPY has been trading downwards. The price tested the level of 105.54. Anyway, accorrding to the 30M time – frarme, I found fake breakout of yesterday’s low at the price of 106.01, which is signt that selling looks risky. I also found a hidden bullish divergence on the moving aveage oscillator, which is another sign of strength. My advice is to watch forr potential buying opportunities. The upward target is set at the price of 106.85.

Resistance levels:

R1: 106.75

R2: 107.36

R3: 107.72

Support levels:

S1: 105.75

S2: 105.42

S3: 104.80

Trading recommendations for today: watch for potential buying opportunities.

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

Intraday technical levels and trading recommendations for EUR/USD for February 16, 2018 888011000 110888 Regular monthly Outlook In January 2015, the EUR/USD pair moved below the significant need levels near 1.2050-1.2100(numerous previous bottoms set in July 2012 and June 2010). A long-term bearish target was predicted towards 0.9450. In March 2015, EUR/USD bears challenged the regular monthly demand level around 1.0500, which had actually been formerly reached in August 1997. In thelonger term, the level of 0.9450 remains a forecasted target if any monthly candlestick accomplishes bearish closure below the depicted month-to-month need level of 1.0500. The EUR/USD pair has actually beencaught within the illustrated debt consolidation range(1.0500-1.1450) till the existing bullish breakout was carried out above 1.1450 and recently above 1.2075. Another bullish breakoutabove 1.2250 was revealed on the chart. This impedes the bearish momentum allowing bullish improvement to take place towards 1.2750.Daily Outlook In September, bearish target for the illustrated Head and Shoulders pattern was predicted towards 1.1350. The market stopped working to use significant bearish pressure against the mentioned zone(1.1415-1.1520). Rather, In November, obvious bullish healing was manifested around the cost zone of 1.1520-1.1415. This impeded further bearish decrease which allowed the existing bullish momentum to occur towards the cost level of 1.2100 which cannot stop briefly the ongoing bullish momentum as well.Daily perseverance above 1.2470-1.2500 is had to validate a current bullish flag extension pattern with projected targets towards 1.2750. On the other hand, a current bearish pullback was being expressed listed below the cost level of 1.2350. If a bearish breakdown of the level of 1.2200 is accomplished on a day-to-day basis(low possibility), this could extend towards 1.2070. The product has been offered by InstaForex Company-www.instaforex.com

By | February 16, 2018

analytics5a86be05c894b.png

Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (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 1.2250 was expressed on the chart. This hinders the bearish momentum allowing bullish advancement to occur towards 1.2750.

analytics5a86be1591eae.png

Daily Outlook

In September, bearish target for the depicted Head and Shoulders pattern was projected towards 1.1350. However, the market failed to apply significant bearish pressure against the mentioned zone (1.1415-1.1520).

Instead, In November, evident bullish recovery was manifested around the price zone of 1.1520-1.1415.

This hindered further bearish decline which allowed the current bullish momentum to occur towards the price level of 1.2100 which failed to pause the ongoing bullish momentum as well.

Daily persistence above 1.2470-1.2500 is needed to confirm a recent bullish flag continuation pattern with projected targets towards 1.2750.

On the other hand, a recent bearish pullback was being expressed below the price level of 1.2350. This could extend towards 1.2070 if a bearish breakdown of the level of 1.2200 is achieved on a daily basis (low probability).

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

Everyday analysis of major sets for February 16, 2018 888011000 110888 EUR/USD: The EUR/USD set has gotten about 300 pips this week … Having actually evaluated the resistance line at 1.2550. There has been a small bearish retracement after the resistance line was evaluated, but price would go upwards again to test the resistance line and breach it to the benefit. This would make the market target another resistance line at 1.3050. USD/CHF: The USD/CHF pair has actually continued its slow and progressive bearish movement, having shed about 195 pips this week. Rate is now below the resistance level at 0.9350, going to the assistance level at 0.9200( which has currently been evaluated). As long as the EUR/USD set is strong, USD/CHF would be going bearish. GBP/USD: There is a bullish outlook on this currency trading instrument, as it has gotten about 330 pips today. Further northwards journey can help the marketplace reach the circulation area at 1.4100( which has been previously checked), 1.4150and 1.4200. The current bearish correction is shallow and it is expected to be short-lived. USD/JPY: The USD/JPY set has actually been engaged in a smooth, clean bearish movement for today. The EMA 11 is above the EMA 56, and the RSI duration 14 is now above the level 50. Because there is a Bearish Verification Pattern in the market, it is expected that rate ought to be able to go below the need level at 105.50, and stay listed below it. EUR/JPY: The circumstance in this market stays the exact same. Cost is combining to the downside in the context of a downtrend. There are possibilities that the demand zones at 132.00 and 131.50 would be evaluated. There is also a possibility that a rally could take place prior to the end of today, or early next week. The product has been supplied by InstaForex Business -www.instaforex.com

By | February 16, 2018

EUR/USD: The EUR/USD pair has gained about 300 pips this week… Having tested the
resistance line at 1.2550. There has been a minor bearish retracement after the
resistance line was tested, but price would go upwards again to test the
resistance line and breach it to the upside. This would make the market target another
resistance line at 1.3050.

1.png

USD/CHF: The USD/CHF pair has continued its slow and
gradual bearish movement, having shed about 195 pips this week. Price is now
below the resistance level at 0.9350, going towards the support level at 0.9200
(which has already been tested). As long as the EUR/USD pair is strong, USD/CHF
would be going bearish.

2.png

GBP/USD: There
is a bullish outlook on this currency trading instrument, as it has gained
about 330 pips this week. Further northwards journey can help the market reach
the distribution territory at 1.4100 (which has been previously tested), 1.4150
and 1.4200. The current bearish correction is shallow and it is expected to be
temporary.

3.png

USD/JPY: The USD/JPY pair has been engaged in a smooth,
clean bearish movement for this week. The EMA 11 is above the EMA 56, and the
RSI period 14 is now above the level 50. Since there is a Bearish Confirmation
Pattern in the market, it is expected that price should be able to go below the
demand level at 105.50, and remain below it.

4.png

EUR/JPY: The
situation in this market remains the same. Price is consolidating to the
downside in the context of a downtrend. There are possibilities that the
demand zones at 132.00 and 131.50 would be tested. There is also a possibility that
a rally could occur before the end of today, or early next week.

5.png

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