Category Archives: Quick Forex

Fundamental Analysis of EUR/CAD for June 18, 2018 888011000 110888 EUR/CAD has been fixing itself below the 1.5350 location for a couple of days now, whereas certain volatility can be observed at highest rate in the process. Ahead of the upcoming high effect economic occasions and reports this week, such volatility is no surprise.This week, ECB President Draghi is going to speak about the nation’s key interest rate and policies which is expected to have a hawkish influence on the upcoming market habits. Today, Italian Trade Balance report was published with a reduction to 2.94 B from the previous figure of 4.53 B which was expected to be at 3.21 B. Despite the worse economic report, EUR was saved by the German Buba month-to-month report which did supply specific enhancement results for the zone.On the other hand, CAD has been dealing with the recent financial reports, whereas this week CAD is expected to get particular momentum in the process. Today, on Friday, CAD CPI, Core Retail Sales, Common CPI, Trimmed CPI and Retail Sales reports are going to be published which are expected to inject certain volatility in the market. No expected figures and worths are being published, CAD is anticipated to have particular positive outcomes in the coming days. As of the present circumstance, if Draghi provides hawkish outcome for the Eurozone economy today, EUR is anticipated to gain more momentum over CAD in the coming days. CAD has a series of impactful economic reports, the market is still rather indecisive with the economy, until the outcome releases in the coming days. To summarize, EUR is anticipated to have an advantage over CAD at the same time. Now let us look at the technical view. The price has been rather bullish recently below the 1.5350 area, from where it is expected to break greater with target towards the 1.57 location in the coming days. Though there are still particular opportunities of the price pressing lower to the 1.50 location, but the pressure is still rather bullish while doing so. As the rate stays above 1.50, the bullish bias is expected to continue even more. The material has been supplied by InstaForex Company-www.instaforex.com

By | June 18, 2018

EUR/CAD has been correcting itself below the 1.5350 area for a few days now, whereas certain volatility can be observed at highest rate in the process. Ahead of the upcoming high impact economic events and reports this week, such volatility is no surprise.

This week, ECB President Draghi is going to speak about the nation’s key interest rate and policies which is expected to have a hawkish impact on the upcoming market behavior. Today, Italian Trade Balance report was published with a decrease to 2.94B from the previous figure of 4.53B which was expected to be at 3.21B. Despite the worse economic report, EUR was saved by the German Buba monthly report which did provide certain improvement results for the zone.

On the other hand, CAD has been struggling with the recent economic reports, whereas this week CAD is expected to gain certain momentum in the process. This week, on Friday, CAD CPI, Core Retail Sales, Common CPI, Trimmed CPI and Retail Sales reports are going to be published which are expected to inject certain volatility in the market. Though no expected figures and values are being published, CAD is expected to have certain positive results in the coming days.

As of the current scenario, if Draghi provides hawkish outcome for the Eurozone economy this week, EUR is expected to gain more momentum over CAD in the coming days. Though CAD has a series of impactful economic reports, the market is still quite indecisive with the economy, until the result publishes in the coming days. To sum up, EUR is expected to have an upper hand over CAD in the process.

Now let us look at the technical view. The price has been quite bullish recently below the 1.5350 area, from where it is expected to break higher with target towards the 1.57 area in the coming days. Though there are still certain chances of the price pushing lower towards the 1.50 area, but the pressure is still quite bullish in the process. As the price remains above 1.50, the bullish bias is expected to continue further.

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

BITCOIN Analysis for June 18, 2018 888011000 110888 Bitcoin is presently residing below the $6,500 area with day-to-day close which does indicate even more bearish momentum in the coming days. Bitcoin has actually dropped around 4.57% by the end of the week which is certainly a stunning blow for traders of this Cryptocurrency. There were certain expectations that the cost might rebound from the $6,500 to $7,500 area, but after pushing lower listed below the $6,500 location, the bias has presently turned bearish which might lead to more bearish pressure with target towards the $5,000-5,500 area in the coming days. Since the present situation, the rate is expected to correct itself listed below $6,500 and pressing lower towards the $5,000-5,500 location will not be an easy course to cross. As the rate stays listed below the $6,500 location with a day-to-day close, the bearish bias is anticipated to continue. The product has actually been provided by InstaForex Business- www.instaforex.com

By | June 18, 2018

Bitcoin is currently residing below the $6,500 area with daily close which does indicate further bearish momentum in the coming days. Bitcoin has dropped around 4.57% by the end of the week which is indeed a shocking blow for traders of this Cryptocurrency. Though there were certain expectations that the price might rebound from the $6,500 to $7,500 area, but after pushing lower below the $6,500 area, the bias has currently turned bearish which might lead to more bearish pressure with target towards the $5,000-5,500 area in the coming days. As of the current scenario, the price is expected to correct itself below $6,500 and pushing lower towards the $5,000-5,500 area will not be an easy path to cross. As the price remains below the $6,500 area with a daily close, the bearish bias is expected to continue.

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

Basic Analysis of USD/JPY for June 18, 2018 888011000 110888 USD/JPY has actually been making higher lows just recently despite the volatile structure of the market. After breaching above 110.50 location recently, the price has actually pressed lower listed below 110.50 again impulsively that is more likely to inject particular bearish pressure in the market.After the recent Federal Funds Rate trek from 1.75% to 2.00 %, USD did not acquire much momentum over JPY as expected. USD is still struggling for gains over JPY ahead of Fed Chair Powell’s speech. He is going to discuss the short-term rates of interest and future monetary policy at the conference in Portugal on Wednesday. After the recent rate walking by the United States Fed, his remarks are anticipated to provide the needed push for USD to motivate more gains in the coming days. On the other hand, JPY has not been rather excellent amidst the recent financial reports but still handles to sustain the momentum against USD for a while. Regardless of the Bank of Japan’s choice to keep the key rate of interest at -0.10%recently, JPY managed to keep the USD pressure low in the market. Today, Japan’s Trade Balance report was released with a reduction to -0.30 T from the previous figure of 0.45 T which was anticipated to be at 0.14 T, which did not impact JPY strength at all. Furthermore, today BOJ Governor Kuroda is going to discuss the policy strategies and measures to be required to enhance the financial conditions in the future. As for the existing scenario, today the pair is expected to be quite volatile as 2 market-moving events are going to be held both in the US and Japan. Though USD has greater likelihoods to control further over JPY, it is not going to be a easy and straight path to take. Specific correction and higher volatility are anticipated along the method, though the odds are that JPY will keep momentum. Now let us take a look at the technical view. The set is trading in a bearish bias, intending to trade below 110.50 while doing so. Though the price structure is still rather corrective, holding above the vibrant level of 20 EMA suggests the bullish momentum in the pair. As the price stays above 108.50 location with a day-to-day close despite having certain pullbacks, the bullish bias is expected to continue even more. The material has been offered by InstaForex Business-www.instaforex.com

By | June 18, 2018

USD/JPY has been making higher lows recently despite the volatile structure of the market. After breaching above 110.50 area recently, the price has pushed lower below 110.50 again impulsively that is more likely to inject certain bearish pressure in the market.

After the recent Federal Funds Rate hike from 1.75% to 2.00%, USD did not gain much momentum over JPY as expected. USD is still struggling for gains over JPY ahead of Fed Chair Powell’s speech. He is going to speak about the short-term interest rates and future monetary policy at the conference in Portugal on Wednesday. After the recent rate hike by the US Fed, his remarks are expected to provide the required push for USD to encourage further gains in the coming days.

On the other hand, JPY has not been quite impressive amid the recent economic reports but still manages to sustain the momentum against USD for a while. Despite the Bank of Japan’s decision to keep the key interest rate at -0.10% last week, JPY managed to keep the USD pressure low in the market. Today, Japan’s Trade Balance report was published with a decrease to -0.30T from the previous figure of 0.45T which was expected to be at 0.14T, which did not quite affect JPY strength at all. Moreover, this week BOJ Governor Kuroda is going to speak about the policy plans and measures to be taken to improve the economic conditions in the future.

As for the current scenario, this week the pair is expected to be quite volatile as two market-moving events are going to be held both in the US and Japan. Though USD has greater probabilities to dominate further over JPY, it is not going to be a straight and easy route to take. Certain correction and higher volatility are expected along the way, though the odds are that JPY will keep momentum.

Now let us look at the technical view. The pair is trading in a bearish bias, aiming to trade below 110.50 in the process. Though the price structure is still quite corrective, holding above the dynamic level of 20 EMA indicates the bullish momentum in the pair. As the price remains above 108.50 area with a daily close despite having certain pullbacks, the bullish bias is expected to continue further.

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

Technical analysis on Gold for June 18, 2018 888011000 110888 Gold cost has broken through our support levels and reached our lower target in the $1,275-80 area. Recently, we were fretted that a break below $1,290 would cause a test of $1,280 and most likely give a new lower low. I was bullish and still remain bullish for the longer term, however the marketplace showed us a decline, so we need to protect our longs. Red line-triangle Blue line- support Yellow line- bullish divergence Gold cost in the short-term support is at $1,278 and next at$1,262. The RSI is diverging while the price is partially listed below the 61.8%Fibonacci retracement. Last week, when the triangle pattern broke out and Gold got turned down when again at the$ 1,307 -$1,310 location, things were not looking helpful for Gold. Inability to break the resistance was followed by a rejection and new lower lows. Gold has resistance at$1,295. Just a relocation above this level might increase the possibility of a significant low. Longer-term view remains bullish for a move to$1,400-$1,450. The material has been provided by InstaForex Company-www.instaforex.com

By | June 18, 2018

Gold price has broken through our support levels and reached our lower target in the $1,275-80 area. Last week, we were worried that a break below $1,290 would lead to a test of $1,280 and probably give a new lower low. I was bullish and still remain bullish for the longer term, but the market showed us a decline, so we should protect our longs.

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Red line – triangle

Blue line – support

Yellow line – bullish divergence

Gold price in the short-term support is at $1,278 and next at $1,262. The RSI is diverging while the price is marginally below the 61.8% Fibonacci retracement. Last week, once the triangle pattern broke out and Gold got rejected once again at the $1,307-$1,310 area, things were not looking good for Gold. Inability to break the resistance was followed by a rejection and new lower lows. Gold has resistance at $1,295. Only a move above this level could increase the chance of a major low. Longer-term view remains bullish for a move towards $1,400-$1,450.

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

Trump the destroyer: US-China Trade war approaches

By | June 18, 2018

Trump the destroyer: the US-China

Trade war is approaching.China presents retaliatory procedures on United States goods after the US declaration on the introduction of tasks on items from the United States on Friday, June 15

. China stated it is enforcing brand-new responsibilities on items from the United States, consisting of

soybeans, Boeing airplane and crude oil.In total, the list of items from the United States, which is anticipated to impose tasks, 659 products- compared with 110 items in the list of China from April. This is an action to Trump’s decision to impose duties on goods from China worth$50 billion.

-the tax is 25 %. On Friday, United States authorities said that if China reacts, the United States government will immediately present new tasks on an extra list of items from China.Thus, prior to the full-scale US-China trade war, there stays a minimum range – by actions and time.American business-especially high-tech, producing its items in China(a striking example-Apple and its iPhones and iPads)-attract Trump to desert brand-new tasks, as it will result in tasks

on United States products of American companies.The image is supplemented by Trump’s desire to enforce duties on steel and aluminum from Europe, Canada and Mexico-regardless of the stiff resistance of the United States allies -we recall the failure and the virtual breakdown of the”Huge 7 “last weekend-the US-Partner dispute reached such a degree (specifically with Canadian Prime Minister Trudeau )-that Trump even withdrew his signature under the last declaration of the “7”. The circumstance is unfolding quickly, we are following the development.The product has actually been offered by InstaForex Company- www.instaforex.com

Fractal analysis: GOLD on June 18 888011000 110888 Forecast for June 18:Analytical review on the scale of H1: For gold, the crucial levels on the scale of H1 are: 1290.79, 1284.94, 1281.60, 1275.28, 1272.96 and 1269.15. Here, the extensions of the movement downwards are expected after the passageat the rate of the sound variety 1275.28-1272.96, in this case the target is 1269.15, near this level the combination and from here we expect a rollback to the top.Short-term upward motion is possible in the location of 1281.60- 1284.94, breakdown of the last value will cause in-depth correction, here the target is 1290.79, this level is the key assistance for the down structure.The main trend is the downward structureof June 14. Trading recommendations: Buy: 1281.60 Take profit: 1284.60 Buy: 1285.00 Take earnings: 1290.60 Sell: 1272.60 Take earnings: 1269.30 Offer: Take revenue: The product has actually been provided by InstaForex Company-www.instaforex.com

By | June 18, 2018

Forecast for June 18:

Analytical review on the scale of H1:

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For gold, the key levels on the scale of H1 are: 1290.79, 1284.94, 1281.60, 1275.28, 1272.96 and 1269.15. Here, the continuations of the movement downwards are expected after the passage at the price of the noise range 1275.28 – 1272.96, in this case the target is 1269.15, near this level the consolidation and from here we expect a rollback to the top.

Short-term upward movement is possible in the area of 1281.60 – 1284.94, breakdown of the last value will lead to in-depth correction, here the target is 1290.79, this level is the key support for the downward structure.

The main trend is the downward structure of June 14.

Trading recommendations:

Buy: 1281.60 Take profit: 1284.60

Buy: 1285.00 Take profit: 1290.60

Sell: 1272.60 Take profit: 1269.30

Sell: Take profit:

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

Trade war in complete swing: The yen is again in demand

By | June 16, 2018

Today’s meeting of the Bank of Japan in the early morning provided the USD/JPY set an northern impulse. The set got near the 111th figure, but the

bulls cannot go into and gain a foothold in this location. In general, despite the”dovish”rhetoric of the Japanese regulator, long positions on

the pair appearance unsafe. Moreover, the impulse development of the pair can be thought about as an excuse for successful selling, with an approximate target in the series of 109.90-108.80. Once again confirmed its commitment to a soft financial policy, the Bank of Japan today. The regulator predictably left the parameters of financial policy in its previous type, and also decreased its quote of inflation. According to this forecast, the fundamental consumer rate index

will vary within 0.5% -1%, while in January inflation expectations were raised to one percent.The updated inflation projection is totally constant with the soft rhetoric of Haruhiko Kuroda. The head of the Bank of Japan stated that the country’s economy needs additional stimulation, so there can be no question of tightening up the terms of monetary policy. The approximate amount of time for accomplishing the target inflation level is the next financial year (which begins in April 2019). It is worth recalling that in April the core inflation slowed once again, demonstrating the negative dynamics for the 2nd month in a row. The consumer cost index leaving out the cost of fresh foodstuff grew by only 0.7 %year-on-year, although in March, growth was registered at 0.9 %. All this suggests that the Bank of Japan this year definitely will not consider the issue of stabilizing monetary policy. In spite of the gradual tightening up of monetary policy conditions by the Reserve bank of the United States, Europe, Canada and some other nations, the Japanese regulator is forced to maintain a soft position.In general, this is not news for traders: Haruhiko Kuroda has actually been following a consistent policy for a number of years, and after his recent re-election, there have actually been no impressions about radical changes. Today’s response of the USd/JPY set is rather emotional since of a decrease in the inflation forecast. Here it is worth considering that the market was prepared for the fact that within the framework of this year the

regulator can alter the monetary policy except in the instructions of alleviating. Therefore, the forecasted forecasts should not greatly surprise traders, not to mention identify the upward trend of the USD/JPY pair.This means that on Monday the value of the June conference of the Japanese Central Bank will come to naught and the yen will go back to the “paws”of the external essential background. Do not forget that the yen is the currency of the “safe sanctuary “, and the dynamics of its development are often determined by geopolitical aspects. And geopolitical stress are rising again.The smoldering trade dispute between the United States and China flared with renewed vigor. As

anticipated, after the diplomatic success of the White Home(we are talking about a conference with the leader of the DPRK), Donald Trump decided to release a full-fledged trade war with the China. Just today, he authorized new responsibilities on imported goods from China worth an overall of$50 billion- all in a list of over a thousand items.Beijing’s reaction did not take long: the Chinese said that all the arrangements reached with Washington lost their validity. Last month the US Minister of Financing reported that the parties agreed to decrease the deficit of the balance of the United States in relation to trade with the China and significantly increase the export of goods from the United States to China. The dollar responded to these news with substantial development, specifically as the crucial economic indicators grew.At the moment, the situation has actually returned to the starting point, only now the celebrations are not restricted to intents: the United States have actually moved from words to deeds. China’s main statement states that Beijing is “forced to take vindictive steps, although it does not look for to unleash a trade war. “All this recommends that the dollar has actually once again appeared under pressure of uncertainty. Depending on how the future events establish, the dynamics of the USD/JPY pair will be identified. It is now difficult to talk about how the Chinese will turn to reciprocal steps. However I wish to remember the occasions of half a year ago, when reports started flowing in the market about China’s slowing down purchases of United States Treasury bonds. The dollar collapsed all over the market(in specific, USD/JPY fell

from 112 to 109th figure), although there was no main verification of this details. This fact shows that Beijing has significant levers of impact and can apply them in the next round of confrontation with Washington.< img width ="450 "src=" http://qkfx.com/wp-content/uploads/2018/06/trade-war-in-full-swing-the-yen-is-again-in-demand.jpg"alt="analytics5b23d38067368.jpg"/ > Thus, long positions in the USD/JPY set are dangerous and now unwise. At the minute, one can consider selling from existing levels with the very first objective of 109.90 -t-this is the middle line of the Bollinger Bands sign on the daily chart, which accompanies the Tenkan-sen line of the Ichimoku Kinko Hyo indication. If

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the price conquers this level, then the pair is most likely to fall even more, to the next support level of 108.80 is the leading line of the Kumo cloud on D1. The material has been provided by InstaForex Business- www.instaforex.com

The outlook for the euro remains unenviable

By | June 16, 2018

The ECB’s meeting on monetary policy ended up being sad for the European currency, and for all significant currencies selling Forex versus the us dollar.The unforeseen choice by the European regulator for the marketplaces not to stop purchasing properties under the European financial stimulus program in September this year, however only to decrease them to 15 billion euros from 30 billion euros and to extend the program till the end of this year, caused a long-time collapse of the European currency, primarily against the US dollar. Against the backdrop of these occasions, the primary currency pair EUR/USD collapsed by almost two and a half figures, approaching the low end of May.This market response can be explained by the unforeseen choice of the European regulator. Previously, after the consumer rate index in the euro area skyrocketed to an annualized level of 1.9%, there were hopes in the market that the quantitative relieving program would be stopped in September. This was helped with by comments from ECB agents. The market believed this, when they saw that the bank was showing considerable caution, a huge profit-taking and the opening of brief positions in the euro began. Our company believe that the primary factor for the cautiousness is the start of the trade war between the EU and the US, which might seriously harm the European economy, in which case a sharp change in the monetary policy of the Reserve bank might function as a driver for slowing down economic development in the eurozone or perhaps the start of its reduction.Observing this scenario, our company believe that the single currency will continue to decline. It may receive a small increase in the Eurozone’s consumer inflation information today, perhaps in the wake of favorable information, however it will more than likely be perceived by the markets as an excuse for continuing to offer the primary currency set. On this wave, the fall of the sterling and a number of other major currencies might continue.As for the British pound, it is now tightly “tied “to the euro, and for the falling European currency, it can likewise continue its decrease to the United States dollar.Forecast of the day: The EURUSD pair is trading above the level of 1.1550. It can be changed on the wave of favorable data on consumer inflation in the euro

location as much as 1.1520. We consider it required to offer it from this level or after breaking through the level of 1.1550 with a probable target of 1.1470. The GBPUSD is also under pressure. Its decrease to 1.3100 may resume after getting rid of the level of 1.3200.

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

The everyday review of EUR/JPY on June 15, 2018. Ichimoku Indication

By | June 16, 2018

EUR/JPY Weak point of players to increase by the end of the week has certainly led to a corrective decline, which was performed quite actively and successfully. To date, support has been reached for 128 (day-to-day Kijun). This support (128) is a type of equilibrium point, so it can have a tourist attraction and contribute to a longer braking. An important zone of resistance now stands in the location of 129, here the levels of junior and senior times have actually combined. The consolidation above will contribute to the development of some prospects for the healing of bullish benefits. The breakdown of the H4 cloud and supports (day-to-day Fibo Kijun + monthly Fibo Kijun) in the 127 location will result in the development of brand-new down standards.

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Indicator criteria:

all time intervals 9 – 26 – 52

Color of indication lines:

Tenkan (short-term pattern) – red,

Kijun (medium-term trend) – green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

clouds: Senkou Period B (SSB, long-term pattern) – blue,

Senkou Span A (SSA) – pink.Color of extra lines: assistance and resistance MN-

blue, W1 -green, D1 – red, H4 – pink, H1 – gray, horizontal

levels (not Ichimoku) – brown,

trend lines – purple.The product has actually been supplied by InstaForex Business – www.instaforex.com

Trading plan for the US session on June 15 for the EUR/USD

By | June 16, 2018

To open long positions on EURUSD it is needed: Purchasers managed to get close to the resistance of 1.1607, on which the further upward trend will depend. Just combination above this level will lead the euro to a larger upward correction with an upgrade of the level of 1.1644, where it is recommended to take profits. In case of a fall in the set in the 2nd half of the day, it is possible to go back to the rebound from the support of 1.1549.

To open long positions on EURUSD it is required:

An unsuccessful consolidation above resistance 1.1607 with a return to this level will be the very first signal for the opening of brief positions in euro with the main objective of securing and reducing below the week low in the support location 1.1549, which will cause further pattern motion of the euro in the location of 1.1482 and 1.1440, where it is suggested to take revenues. In the case of growth above 1.1607 in the afternoon, considering new brief positions for the euro is best after a 30 day moving typical test or a rebound from resistance 1.1644.

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Description of indications

  • MA (moving average) 50 days – yellow
  • MA (moving average) 30 days – green
  • MACD: fast EMA 12, sluggish EMA 26, SMA
  • Bollinger Bands 20

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

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