Category Archives: Quick Forex

Technical analysis of USD/JPY for April 20, 2018 888011000 110888 All our targets which we forecasted in the previous analysis have been struck. USD/JPY is still trading higher and anticipated to continue moving higher. The set keeps trading on the advantage repeatedly striking the upper Bollinger band. Upward momentum is likewise evidenced by the relative strength index, which is well directed in the 60s. On the other hand, the essential assistance at 107.15 stays undamaged maintaining the intraday outlook bullish. For that reason, the set is anticipated to be on track to reach upside target at 108.05 and 108.30. Chart Explanation: The black line reveals the pivot point. Today price above the pivot point indicates a bullish position, and the cost below the pivot point indicates a brief position. The red lines show the supportlevels, and the green line shows the resistance levels. These levels can be utilized to exit and go into trades.Strategy: BUY, stop loss at 107.35, take revenue at 108.05.Resistance levels: 108.05, 108.30, and 108.65 Support levels : 107.10, 106.85, and 106.55. The material has been provided by InstaForex Business-www.instaforex.com

By | April 20, 2018

analytics5ada07ce4a01d.png

All our targets which we predicted in the previous analysis have been hit. USD/JPY is still trading higher and expected to continue moving higher. The pair keeps trading on the upside repeatedly striking the upper Bollinger band. Upward momentum is also evidenced by the relative strength index, which is well directed in the 60s. Meanwhile, the key support at 107.15 remains intact maintaining the intraday outlook bullish. Therefore, the pair is expected to be on track to reach upside target at 108.05 and 108.30.

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: BUY, stop loss at 107.35, take profit at 108.05.

Resistance levels: 108.05, 108.30, and 108.65

Support levels: 107.10, 106.85, and 106.55.

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

Technical analysis of GBP/JPY for April 20, 2018 888011000 110888 GBP/JPY is under pressure and expected to continue the disadvantage motion. The upward capacity is most likely to be restricted by the resistance at 151.70. The decreasing 50-period moving average is playing a resistance role. The relative strength index is below its neutrality level at 50. Below 151.70, look for another decrease with targets at 150.65 and 150.00 in extension.Chart Explanation: The black line reveals the pivot point. Presently, the cost is above the pivot point which is a signal for long positions. If it stays listed below the pivot point, it will suggest short positions. The red lines reveal the assistance levels, while the green line indicates the resistance levels. These levels can be utilized to go into and exit trades.Resistance levels: 152.00, 152.60, and 153.15 Support levels: 150.65, 150.00, and 149.50. The product has actually been provided by InstaForex Business-www.instaforex.com

By | April 20, 2018

GBP/JPY is under pressure and expected to continue the downside movement. The upward potential is likely to be limited by the resistance at 151.70. The declining 50-period moving average is playing a resistance role. The relative strength index is below its neutrality level at 50. Therefore, below 151.70, look for another decline with targets at 150.65 and 150.00 in extension.

Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 152.00, 152.60, and 153.15

Support levels: 150.65, 150.00, and 149.50.

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

Worldwide macro summary for 20/04/2018

By | April 20, 2018

Some pretty good pack of macroeconomic data from the United States was published recently. Weekly joblessness was up to 232k applications (versus estimated 230k), and Philly FED Production Index rose to 23.2 points in April instead of falling by 20.1 points from a high of 22.3 points last month. Index of leading signs in the economy (US Conference Board Index) for March fell as expected (0.3%).

The balance of the week for the United States Dollar starts to look rather good – Friday is the 4th successive day increase in the United States Dollar Index and the fortifying of the dollar can also be seen today in the broad market. The rising yields of United States bonds are beginning to support, which may be the result of a growing conviction that FED members may be leaning to 4 rate of interest walkings this year if they are offered pretexts in the form of good macroeconomic data in the coming months. Noteworthy in this respect were the words of William Dudley from the FED branch in New york city, which in a nutshell suggested that the FED must consistently do its work by bringing interest rates relatively quickly to the neutral level. Nevertheless, the dollar will require a more powerful reason to be withstood by considerable resistance, and May might be planned for May on essential United States information (ISM indices and Labor Department readings), although in the coming week the dollar may be more powerful due to weak point of other currencies – the euro, pound and possibly also yen.Let’s now have a look at the United States Dollar Index technical image at the H4 time frame. The marketplace has actually broken through the technical resistance at the level of 89.96 (now support) and it looks like is heading to the next technical resistance at the level of 90.29. The strong momentum and favorable stochastic indicators are supporting the short-term bullish outlook.

analytics5ad9dc9383fd3.jpg

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

Euro settle on the truce

By | April 20, 2018

The favorable macroeconomic statistics for the United States, the “hawkish” rhetoric of the Fed, the likelihood of 3 boosts in the federal funds rate in 2018 from 69% to 84%, 4 financial restrictions from less than 30 %to 42 %, a boost in the yield of 10-year Treasury bonds as much as 2.93 %, the optimum mark considering that February, and finally, the expectations of the peaceful rhetoric of Mario Draghi at an interview following the upcoming ECB meeting, what could be the very best background for the bears’attack on EUR/ USD? Dozing nearly the whole week by April 20, the primary currency set at the end of it was accelerated and confidently went down.Dynamics of the

yield of US Treasury bonds

analytics5ad9c8ccb19e3.png

In theory, the divergence factor in financial policy works as follows. An increase in the opportunities of a monetary limitation of the Fed, paired with the ECB’s leisureliness lead to a growth of the yield differential between US and German bonds. The appearance of securities provided in the US is growing, which contributes to the flow of capital from the Old to the New World. The issue is that when investing cash in the United States bond market, Europeans hedge their currency dangers by offering dollars. And the expense of such insurance reaches 2.3% -2.4%. I indicate, in order for American bonds to look much better than German bonds, the rate on them ought to tend to 3% or exceed this mark. It appears that the marketplace believes that whatever will happen, and starts purchasing the USD index.The circumstance is worsened by low dangers of hawks from the ECB following the conference of the Governing Council set up for April 26. Slow inflation in the eurozone (+ 1.3% y/ y in March), weak statistics on commercial production, retail sales, and service activity make the Central Bank think three times prior to stabilizing financial policy. Yes, ECB representatives think about the GDP block down in the currency block in the very first quarter as a temporary phenomenon, the IMF is full of optimism and raises the forecast for economic growth in 2018 from 2.3% to 2.4%, however without enhancing the ECB stats, absolutely nothing will happen.Let us recall that in 2017, crucial motorists of the euro reinforcing versus major world currencies were a reduction in political threats, a rapid development of the eurozone’s GDP, rumors about the normalization of the financial policy of the European Reserve bank and capital circulation to the Vintage securities market. A minimum of two of them do not work this year. The weak point of the “bulls”for EUR/ USD, yet unable to restore an uptrend.Another thing is that the dollar can not boast of something serious.

The normalization of the monetary policy of the Fed is at completion of the cycle, and in such scenarios, investors calmly respond to an extra boost in the rate for federal funds. It is apparent that the Federal Reserve will bring it to 3%. The limitation is understood, you can switch to the financial policy of the central banks-competitors. Technically, the debt consolidation in the variety of 1.22215-1.2475 within the”Expanding wedge”pattern continues. The breakthrough of its ceiling will enhance the threats of healing of the uptrend.EUR/ USD, the day-to-day chart The product has been offered by InstaForex Business-www.instaforex.com

Bitcoin analysis for April 20, 2018 888011000 110888 The Bitcoin( BTC)has actually been trading upwards. As I expected, the cost checked the level of $8,315. The European Parliament has voted in favor of more stringent policies in the crypto sector. Crypto exchanges and wallet service providers will be required to present consumer due diligence procedures, including identity confirmation. The platforms will need to get registration in order to provide their services. The brand-new procedures featured thelatest upgrade of the EU Anti-Money Laundering Directive.Technical picture on Bitcoin looks neutral to bearish.Trading suggestions: According to the H4 timespan, I discovered broken flat base and falling wedge in the background, which is an indication that buyers are in control. I likewise discovered a head and shoulders failure pattern, which is another indication of strength. My advice is to expect possible purchasing opportunities. The upward target is set at the rate of$8,875. Support/Resistance$8,348– Intraday resistance$8,125– Intraday assistance$8,875– Objective target With InstaForex, you can make on cryptocurrency’s motions today. Simply open a handle your MetaTrader4.The material has been supplied by InstaForex Company-www.instaforex.com

By | April 20, 2018

analytics5ad9c13185bc0.png

The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $8,315. The European Parliament has voted in favor of stricter regulations in the crypto sector. Crypto exchanges and wallet providers will be required to introduce customer due diligence procedures, including identity verification. The platforms will have to apply for registration in order to offer their services. The new measures come with the latest update of the EU Anti-Money Laundering Directive.Technical picture on Bitcoin looks neutral to bearish.

Trading recommendations:

According to the H4 time frame, I found broken flat base and falling wedge in the background, which is a sign that buyers are in control. I also found a head and shoulders failure pattern, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $8,875.

Support/Resistance

$8,348 – Intraday resistance

$8,125– Intraday support

$8,875 – Objective target

With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.

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

GBP/USD analysis for April 20, 2018 888011000 110888 Just recently, the GBP/USD has been trading downwards. The price checked the level of 1.4035. Inning accordance with the M30 time frame, I found strong supply on the marketplace, which is an indication that purchasing looks risky. I likewise discovered today an effective rejection of the resistance at the cost of 1.4068,which is another indication of weakness. My guidanceis to look for possible selling chances. The down target is set at the cost of 1.3980. Resistance levels: R1: 1.4195 R2: 1.4310 R3: 1.4373 Assistance levels: S1: 1.4018 S2:1.3955 S3: 1.3840 Trading suggestions for today: expect possible selling opportunities.The product has been provided by InstaForex Company-www.instaforex.com

By | April 20, 2018

analytics5ad9bf2708e30.png

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.4035. According to the M30 time frame, I found strong supply on the market, which is a sign that buying looks risky. I also found today a successful rejection of the resistance at the price of 1.4068, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.3980.

Resistance levels:

R1: 1.4195

R2: 1.4310

R3: 1.4373

Support levels:

S1: 1.4018

S2: 1.3955

S3: 1.3840

Trading recommendations for today: watch for potential selling opportunities.

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

Technical analysis of USD/CHF for April 20, 2018 888011000 110888 < img width ="450"src="http://qkfx.com/wp-content/uploads/2018/04/technical-analysis-of-usd-chf-for-april-20-2018.png”alt =”analytics5ad955d4e251a.png”/ > Overview: Pivot: 0.9589. The USD/CHF set didn’t make considerable movement today. There are no modifications in my technical outlook. The bias stays bullish in nearest term screening 0.9809 or higher. The USD/CHF set continues to move upwards from the level of 0.9589. Yesterday, the set increased from the level of 0.9589 (the level of 0.9589 accompanies a ratio of 78.6 %Fibonacci retracement) to a leading around 0.9698. Today, the first assistance level is seen at 0.9589 followed by 0.9503, while day-to-day resistance 1 is seen at 0.9755. According to the previous occasions, the USD/CHF set is still moving in between the levels of 0.9600 and 0.9755; for that, we expect a series of 155 pips (0.9755-0.9600 ). On the one-hour chart, immediate resistance is seen at 0.9698, which accompanies the double top. Currently, the cost is relocating a bullish channel. This is validated by the RSI indication signaling that we are still in a bullish trending market. The rate is still above the moving average(100 )and( 50 ), For that reason, if the trend is able to break out through the very first resistance level of 0.9755, we must see the pair climbing up towards the weekly resistance at 0.9809 to evaluate it. It would also be smart to consider where to placestop loss; this must be set below the 2nd support of 0.9503 . The product has been supplied by InstaForex Business-www.instaforex.com

By | April 20, 2018

analytics5ad955d4e251a.png

Overview:

Pivot: 0.9589.

The USD/CHF pair didn’t make significant movement this week. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 0.9809 or higher. The USD/CHF pair continues to move upwards from the level of 0.9589. Yesterday, the pair rose from the level of 0.9589 (the level of 0.9589 coincides with a ratio of 78.6% Fibonacci retracement) to a top around 0.9698. Today, the first support level is seen at 0.9589 followed by 0.9503, while daily resistance 1 is seen at 0.9755. According to the previous events, the USD/CHF pair is still moving between the levels of 0.9600 and 0.9755; for that, we expect a range of 155 pips (0.9755 – 0.9600). On the one-hour chart, immediate resistance is seen at 0.9698, which coincides with the double top. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100) and (50), Therefore, if the trend is able to break out through the first resistance level of 0.9755, we should see the pair climbing towards the weekly resistance at 0.9809 to test it. It would also be wise to consider where to place stop loss; this should be set below the second support of 0.9503.

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

EUR/AUD Is Evaluating Its Resistance, Get Ready For A Reversal

By | April 20, 2018

EUR/AUD is evaluating its resistance area at 1.5997 (76.4%Fibonacci retracement, 61.8 %Fibonacci extension, 50%Fibonacci retracement)where we expect to see a turnaround, triggering the rate to drop to its assistance at 1.5923(61.8% Fibonacci extension, 50%Fibonacci retracement).

Stochastic (89, 5, 3) is approaching its resistance at 95% where we anticipate to see a matching turnaround.

Sell listed below 1.5997. Stop loss 1.6040. Take earnings at 1.5923.

analytics5ad9556a42427.png

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

Technical analysis of NZD/USD for April 20, 2018 888011000 110888 Summary: The NZD/USD set opened listed below the daily pivot point(0.7260). It continued to move down from the level of 0.7260 to the bottom around 0.7242. Today, the very first resistance level is seen at 0.7278 followed by 0.7300, while daily assistance 1 is seen at 0.7219. Additionally, the moving average(100) starts signaling a downward pattern; for that reason, the marketplace is showing a bearish opportunity below 0.7260. It will be great to sell at 0.7260 with the very first target of 0.7219. It will also call for a downtrend in order to continue towards 0.7192. The strong day-to-day assistance is seen at the 0.7192 level, which will represent a brand-new double bottom on the H1 chart. Inning accordance with the previous occasions, we anticipate the NZD/USD set to trade in between 0.7278 and 0.7192 in coming hours. The cost location of 0.7268 stays a considerable resistance zone. Thus, the trend is still bearish as long as the level of 0.7268 is not broken. On the contrary, in case a reversal takes place and the NZD/USD pair breaks through the resistance level of 0.7300, then a stop loss should be put at 0.7318. The product has been provided by InstaForex Business-www.instaforex.com

By | April 20, 2018

analytics5ad950ed4f666.png

Overview:

The NZD/USD pair opened below the daily pivot point (0.7260). It continued to move downwards from the level of 0.7260 to the bottom around 0.7242. Today, the first resistance level is seen at 0.7278 followed by 0.7300, while daily support 1 is seen at 0.7219. Furthermore, the moving average (100) starts signaling a downward trend; therefore, the market is indicating a bearish opportunity below 0.7260. So it will be good to sell at 0.7260 with the first target of 0.7219. It will also call for a downtrend in order to continue towards 0.7192. The strong daily support is seen at the 0.7192 level, which will represent a new double bottom on the H1 chart. According to the previous events, we expect the NZD/USD pair to trade between 0.7278 and 0.7192 in coming hours. The price area of 0.7268 remains a significant resistance zone. Thus, the trend is still bearish as long as the level of 0.7268 is not broken. On the contrary, in case a reversal takes place and the NZD/USD pair breaks through the resistance level of 0.7300, then a stop loss should be placed at 0.7318.

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

Day-to-day analysis of Gold for April 19, 2018 888011000 110888 Overview The gold cost traded upwards yesterday and has actually settled near 1,350.00 levels now, supported by the EMA 50. To see if the cost keeps the bullish trend in the upcoming sessions, we are waiting on the test of the formerly recorded top at 1,365.97 as the next station. We advise you that a breach of the discussed level will extend the gold cost gains to 1,400.00 as the next primary target, while the expected increase will remain valid unless breaking and holding listed below 1,335.40levels. The anticipated trading variety for today is between the 1,340.00 assistance and the 1,365.00 resistance.The material has actually been supplied by InstaForex Company -www.instaforex.com

By | April 19, 2018

analytics5ad8bdec1611a.png

Overview

The gold price traded upwards yesterday and has settled near 1,350.00 levels now, supported by the EMA 50. To see if the price keeps the bullish trend in the upcoming sessions, we are waiting for the test of the previously recorded top at 1,365.97 as the next station. We remind you that a breach of the mentioned level will extend the gold price gains to 1,400.00 as the next main target, while the expected rise will remain valid unless breaking and holding below 1,335.40 levels. The expected trading range for today is between the 1,340.00 support and the 1,365.00 resistance.

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