Analysis of Gold for April 18, 2018 888011000 110888 Just recently, Gold has been trading sideways at the rate of $ 1,345.25. Inning accordance with the M30 time– frame, I discovered that price is appreciating supply trendline, which is a sign that sellers are active. I likewise found a rounding top pattern, which is another sign of weakness. My recommendations is to expect prospective selling chances as long that price stays listed below the supply trendline. The down targetsare set at the priceof $1,337.50and at the cost fo$ 1,333.20. Resistance levels: R1:$1,351.90 R2:$1,356.50 R3:$1,363.62 Support levels: S1:$1,340.16 S2: $1,333.05 S3:$1,328.45 Trading suggestions for today: watch for potential selling opportunities.The material has been offered by InstaForex Business-www.instaforex.com

By | April 18, 2018

analytics5ad719e046bf5.png

Recently, Gold has been trading sideways at the price of $1,345.25. According to the M30 time – frame, I found that price is respecting supply trendline, which is a sign that sellers are active. I also found a rounding top pattern, which is another sign of weakness. My advice is to watch for potential selling opportunities as long that price remains below the supply trendline. The downward targets are set at the price of $1,337.50 and at the price fo $1,333.20.

Resistance levels:

R1: $1,351.90

R2: $1,356.50

R3: $1,363.62

Support levels:

S1: $1,340.16

S2: $1,333.05

S3: $1,328.45

Trading recommendations for today: watch for potential selling opportunities.

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

Elliott wave analysis of EUR/JPY for April 18, 2018 888011000 110888 EUR/JPY has to break clearly listed below minor assistance at 132.09 to confirm that wave B has actually completed, and wave C is developing. We do expect the peak at 132.97 will continue to top the upside for a break listed below 132.09 validating that wave C lower is establishing. The perfect long-lasting targetfor the continuous(E)wave is seen near 123.43 . R3: 133.39 R2: 132.97 R1: 132.78 Pivot : 132.09 S1: 131.75 S2: 131.35 S3: 130.64 Trading suggestion: We will offer a break listed below 132.28. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | April 18, 2018

analytics5ad6bdd4c27d0.png

EUR/JPY needs to break clearly below minor support at 132.09 to confirm that wave B has completed, and wave C is developing.

We do expect the peak at 132.97 will continue to cap the upside for a break below 132.09 confirming that wave C lower is developing.

The ideal long-term target for the ongoing (E) wave is seen near 123.43.

R3: 133.39

R2: 132.97

R1: 132.78

Pivot: 132.09

S1: 131.75

S2: 131.35

S3: 130.64

Trading recommendation:

We will sell a break below 132.28.

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

AUD/USD Made A Bullish Exit From Its Coming Down Resistance Line, Remain Bullish

By | April 18, 2018

AUD/USD broke out of its descending resistance line where we seek to purchase on weakness at 0.7746 (38.2%Fibonacci retracement, horizontal overlap assistance)where we anticipate rates to rise to its resistance at 0.7845( 76.4 % Fibonacci retracement, 100 % Fibonacci extension).

RSI (89) reveals a corresponding break out where we expect to see a comparable drop.

Purchase above 0.7746. Stop loss at 0.7708. Take revenue at 0.7845.

analytics5ad6ad034dc1f.png

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

AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish

By | April 18, 2018

AUD/JPY broke out of its ascending support where we aim to sell on strength at 83.311(23.6 % Fibonacci retracement, horizontal overlap resistance). We anticipate rates to push down all the way to its assistance at 82.652.

RSI (89) shows a matching break out where we anticipate to see a similar drop.

Sell below 83.311. Stop loss at 83.659. Take profit at 82.652.

analytics5ad6acd2c3fc2.png

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

BITCOIN Analysis for April 17, 2018 888011000 110888 Bitcoin has actually been rather impulsive with the bearish gains just recently, which engulfed the previous bullish everyday candle easily. Today bears appeared absent in the process, whereas bulls tried to maintain their ground. The rate has gotten over 20% just recently, which was rather amazing and which likewise discusses the possibilities of more bullish pressure for the coming days. The total crypto market is looking pretty well with the recovery, where the flagship bitcoin is proceeding much faster in comparison. Since the present situation, the price is expected to press greater without any deeper pullback if today’s daily close stays strong with bullish pressure. As the cost remains above $7,000 with daily close, additional spontaneous bullish pressure is anticipated for the future. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | April 17, 2018

Bitcoin has been quite impulsive with the bearish gains recently, which engulfed the previous bullish daily candle easily. However, today bears seemed absent in the process, whereas bulls tried to retain their ground. The price has gained over 20% recently, which was quite remarkable and which also explains the possibilities of further bullish pressure for the coming days. The overall crypto market is looking pretty well with the recovery, where the flagship bitcoin is proceeding faster in comparison. As of the current scenario, the price is expected to push higher without any deeper pullback if today’s daily close remains strong with bullish pressure. As the price remains above $7,000 with daily close, further impulsive bullish pressure is expected for the future.

analytics5ad61f7beb8fc.png

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

Technical analysis of USD/JPY for April 17, 2018 888011000 110888 USD/JPY is expected to trade with a bearish outlook. The set is trading within a bearish channel drawn from last Friday(April 13). It is currently testing the crucial level of 107.00 on the drawback, as the 20-period and 50-period moving averages are severely oriented.The relative strength index stays subdued in the 30s, recommending an absence of upward momentum for the set. Below 107.40, the next assistance (downside target )at 106.80 would enter sight.Chart Description: The black line reveals the pivot point. The present cost above the pivot point shows a bullish position, and the cost below thepivot point shows a brief position. Thered lines reveal the support levels, and the green line indicates the resistance levels. These levels can be utilized to go into and leave trades.Strategy: SELL, stop loss at 107.40, take earnings at 106.80. Resistance levels: 107.60, 107.80, and 108.20 Assistance levels: 106.80, 106.60, and 106.20. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | April 17, 2018

analytics5ad5f0ab96d3d.png

USD/JPY is expected to trade with a bearish outlook. The pair is trading within a bearish channel drawn from last Friday (April 13). It is currently testing the key level of 107.00 on the downside, as the 20-period and 50-period moving averages are badly oriented. The relative strength index remains subdued in the 30s, suggesting a lack of upward momentum for the pair. Below 107.40, the next support (downside target) at 106.80 would come into sight.

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 107.40, take profit at 106.80.

Resistance levels: 107.60, 107.80, and 108.20

Support levels: 106.80, 106.60, and 106.20.

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

Day-to-day analysis of Gold for April 17, 2018 888011000 110888 Summary Gold rate is trading with a small bearish predisposition, affected by stochastic negativeness, however the EMA50 is still offering favorable support for the rate as long as the cost is above 1,335.40. Our bullish pattern expectations will remain active, waiting for testing 1,365.97 as an initial station. Let me advise you that breaching this level will extend gold gains to reach 1,400.00 as an initial main station. The expected trading range for today is between 1,335.00 support and 1,370.00 resistance.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | April 17, 2018

analytics5ad5ee2dad53b.png

Overview

Gold price is trading with a slight bearish bias, affected by stochastic negativity, but the EMA50 is still providing positive support for the price as long as the price is above 1,335.40. So, our bullish trend expectations will remain active, waiting for testing 1,365.97 as an initial station. Let me remind you that breaching this level will extend gold gains to reach 1,400.00 as an initial main station. The expected trading range for today is between 1,335.00 support and 1,370.00 resistance.

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

Worldwide macro introduction for 17/04/2018

By | April 17, 2018

The characteristics of salaries and earnings leaving out benefits in the UK sped up to 2.8%y/y in February from 2.6%in January. The increase in overall

compensation stayed at 2.8%, although it was expected to speed up to 3.0%. For the very first time since January 2017, the growth rate of the basic wage is greater than the inflation rate. The reduction in the joblessness rate to 4.2%likewise has a positive impact(the approximated number was 4.3%). Normally, the information is solid and enables BoE to raise rates of interest, although from the perspective these days’s market may not meet the high expectations of investors.On the other hand, the ZEW Institute study among German analysts and economic experts reveals that in April the current assessment of the economy along with the expectations for the future scrubby. The existing score index was up to 87.9 from 90.7 at the threshold. 88. The indication of future expectations was up to -8.2 from 5.1 by consensus of -1.0. The data are in line with the current Eurozone publications recommending participating in the period of abandoning a strong growth rate at the turn of the year. Let’s now take a look at the EUR/GBP technical picture at the H4 timespan. The macro environment is still not supported for the EUR and after checking out EUR/GBP continues the slide below the level of 0.8648, erasing the early morning gains.

The next assistance is seen at the level of 0.8530, however the bears have gotten in the oversold market conditions zone, so the slide may be restricted. The essential technical level to the benefit is seen at the level of 0.8808. The product has been supplied by InstaForex Company -www.instaforex.com

Technical analysis of USD/CHF for April 17, 2018 888011000 110888 Overview: Last week, the USD/CHF set broke resistance at the level of 0.9549 which is serving as support now. Hence, the set has actually currently formed minor assistance at 0.9549. Due to the fact that it represents the daily assistance 1, the strong assistance is seen at the level of 0.9549. Similarly essential, the RSI and the moving average(100)are still requiring an uptrend. Therefore, the market suggests a bullish opportunity at the level of 0.9549 in the H4 chart. If the pattern is resilient, then the currency pair strength will be defined as following: USD is in an uptrend and CHF is in a sag. Buy above the small assistance of 0.9549 with the first target at 0.9704, and continue to 0.9749. On the other hand, if the cost closes below the small support, the best place for the stop loss order is seen listed below 0.9549; thus, therate will fall into the bearish market in order to go even more towards the strong support at 0.9417 to evaluate it once again. It must be noted that the level of 0.9417 will form a double bottom.The material has been offered by InstaForex Company-www.instaforex.com

By | April 17, 2018

analytics5ad5d294ede75.png

Overview:

Last week, the USD/CHF pair broke resistance at the level of 0.9549 which is acting as support now. Thus, the pair has already formed minor support at 0.9549. The strong support is seen at the level of 0.9549 because it represents the daily support 1. Equally important, the RSI and the moving average (100) are still calling for an uptrend. Therefore, the market indicates a bullish opportunity at the level of 0.9549 in the H4 chart. Also, if the trend is buoyant, then the currency pair strength will be defined as following: USD is in an uptrend and CHF is in a downtrend. Buy above the minor support of 0.9549 with the first target at 0.9704, and continue towards 0.9749. On the other hand, if the price closes below the minor support, the best location for the stop loss order is seen below 0.9549; hence, the price will fall into the bearish market in order to go further towards the strong support at 0.9417 to test it again. Also, it should be noted that the level of 0.9417 will form a double bottom.

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

Technical analysis of NZD/USD for April 17, 2018 888011000 110888 Overview: The pivot point is seen at the point of 0.7294. The NZD/USD pair is still continuing to move up-wards from the level of0.7294 and 0.7436. The level of 0.7294 represents the everyday pivot point in the H4 timespan. The set increased from the level of 0.7294 to a leading around 0.7375. Now, the rate is moving around the level of 0.7375. Also, it must be noted that the resistances levels are depends on 0.7375 and 0.7436, while day-to-day assistance 1 is seen at 0.7294(50 % Fibonacci retracement). According to the previous events, the NZD/USD pair is still moving between the levels of 0.7294 and 0.7436; so we expect a series of 142 pips. Furthermore, if the pattern is able to break out through the first resistance level at 0.7375, we need to see the set climbing up to the double top(0.7436) to test it. Purchase above the level of 0.7300 with the first target at 0.7375 in order to check the daily resistance 1 and even more to 0.7436. Also, it might be kept in mind that the level of 0.7436 is a great place to take revenue because it will form a double top. On the other hand, in case a reversal takes place and the NZD/USD set breaks through the assistance level of 0.7294 , an additional decline to 0.7151 can occur which would indicate a bearish market.The product has been supplied by InstaForex Company-www.instaforex.com

By | April 17, 2018

analytics5ad5d121378f6.png

Overview:

The pivot point is seen at the point of 0.7294.

The NZD/USD pair is still continuing to move upwards from the level of 0.7294 and 0.7436. The level of 0.7294 represents the daily pivot point in the H4 time frame. The pair rose from the level of 0.7294 to a top around 0.7375.

Right now, the price is moving around the level of 0.7375. Also, it should be noted that the resistances levels are lies in 0.7375 and 0.7436, while daily support 1 is seen at 0.7294 (50% Fibonacci retracement).

According to the previous events, the NZD/USD pair is still moving between the levels of 0.7294 and 0.7436; so we expect a range of 142 pips. Furthermore, if the trend is able to break out through the first resistance level at 0.7375, we should see the pair climbing towards the double top (0.7436) to test it.

Therefore, buy above the level of 0.7300 with the first target at 0.7375 in order to test the daily resistance 1 and further to 0.7436. Also, it might be noted that the level of 0.7436 is a good place to take profit because it will form a double top.

On the other hand, in case a reversal takes place and the NZD/USD pair breaks through the support level of 0.7294, a further decline to 0.7151 can occur which would indicate a bearish market.

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