Category Archives: Quick Forex

Day-to-day analysis of Silver for April 19, 2018 888011000 110888 Introduction The silver price rallied upwards strongly yesterday, settling and breaching above 16.80 levels. It ended the sideways trading that began in early February. The method to positive targets that begin at 17.43 is open now. For that reason, the bullish trend is expected in the upcoming sessions conditioned by the rate stability above 16.80 and 16.56. A breach of the targeted level willextend silver price gains to 18.30 as the next main station. The expected trading variety for today is between the 17.00 assistance and the 17.43 resistance.The material has actually been supplied by InstaForex Business- www.instaforex.com

By | April 19, 2018

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Overview

The silver price rallied upwards strongly yesterday, breaching and settling above 16.80 levels. It ended the sideways trading that started in early February. The way towards positive targets that start at 17.43 is open now. Therefore, the bullish trend is expected in the upcoming sessions conditioned by the price stability above 16.80 and 16.56. A breach of the targeted level will extend silver price gains to 18.30 as the next main station. The expected trading range for today is between the 17.00 support and the 17.43 resistance.

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

Technical analysis of USD/JPY for April 19, 2018 888011000 110888 Our first target which we anticipated in the previous analysis has been hit. USD/JPY is expected to trade in greater variety. The set is publishing a brand-new upleg while striking versus the upper Bollinger band. Strong upward momentum is evidenced by the relative strength index, which is well directed in the 60s. It is on track to review107.40 (around the high of yesterday, April 18). Above that level, it could target 107.60 on the advantage. Key assistance is located at 107.05. Chart Explanation: The black line reveals the pivot point. The present rate above the pivot point suggests a bullish position, and the price below the pivot point shows a short position. The red lines reveal thesupport levels, and the green line suggests the resistance levels. These levels can be utilized to go into and leave trades.Strategy: BUY, stop loss at 107.15, take earnings at 107.60.Resistance levels: 107.60, 107.80, and 108.15 Assistance levels : 106.85, 106.65, and 106.35. The material has been provided by InstaForex Business-www.instaforex.com

By | April 19, 2018

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Our first target which we predicted in the previous analysis has been hit. USD/JPY is expected to trade in higher range. The pair is posting a new upleg while striking against the upper Bollinger band. Strong upward momentum is evidenced by the relative strength index, which is well directed in the 60s. It is on track to revisit 107.40 (around the high of yesterday, April 18). Above that level, it could target 107.60 on the upside. Key support is located at 107.05.

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 107.15, take profit at 107.60.

Resistance levels: 107.60, 107.80, and 108.15

Support levels: 106.85, 106.65, and 106.35.

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

Daily analysis of EUR/JPY for April 19, 2018 888011000 110888 EUR/JPYThe EUR/JPY is type of combining in the context of an uptrend. The supply zone at 133.00 has actually been checked and it would be evaluated once again. The targets at the supply zones at 133.00, 133.50, and 134.00, remain valid, and they may be breached. They may even be exceeded as the cost journeys even more up-wards this week. There is a Bullish Verification Pattern in the market, which would become increasingly more severe as the rate goes northwards. The EMA 11 is above the EMA 56, and the RSI duration 14 is above the level 50. The cost action likewise reveals that bulls are intent on pushing the cost more upwards. The material has been supplied by InstaForex Company-www.instaforex.com

By | April 19, 2018

EUR/JPY

The EUR/JPY is kind of consolidating in the context of an uptrend. The supply zone at 133.00 has been tested and it would be tested again. The targets at the supply zones at 133.00, 133.50, and 134.00, remain valid, and they may be breached. They may even be exceeded as the price journeys further upwards this week.

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There is a Bullish Confirmation Pattern in the market, which would become more and more serious as the price goes northwards. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. The price action also reveals that bulls are intent on pushing the price further upwards.

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

Everyday analysis of USD/JPY for April 19, 2018 888011000 110888 USD/JPYThis set is now in a steady mode. The scenario has actually not changed, however when it does, a directional motion may start, which would move rate above the supply level at 108.00. When this does take place, it would most likely prefer bulls, however it would need to breach the supply level at 107.50 first. Most likely, cost would have the ability to go above the supply level at 108.00; even reaching other supply levels at 108.50 and 109.00. There are no much fundamental figures coming out today, however an increase in momentum can occur anytime. The material has been provided by InstaForex Business -www.instaforex.com

By | April 19, 2018

USD/JPY

This pair is now in a stable mode. The situation has not changed, but when it does, a directional movement may start, which would propel price above the supply level at 108.00. When this does happen, it would most probably favor bulls, but it would need to breach the supply level at 107.50 first.

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Most likely, price would be able to go above the supply level at 108.00; even reaching other supply levels at 108.50 and 109.00. There are no much fundamental figures coming out today, but a rise in momentum can happen anytime.

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

Everyday analysis of USD/CHF for April 19, 2018 888011000 110888 USD/CHFThe resistance level at 0.9700 has actually been checked a number of times, however the market has not had the ability to breach it to the benefit. About 110 pips have been acquired so far this week, and there is much space for it to go additional upwards. The resistance lines at 0.9700, 0.9750 and 0.9800 might be breached later on this week. The scenario in the market remains positive. There is a Bullish Confirmation Pattern in the 4-hour chart and the Williams’%Variety period 20 is around the overbought area. The EMA 11 is abovethe EMA 56. The product has been offered by InstaForex Business-www.instaforex.com

By | April 19, 2018

USD/CHF

The resistance level at 0.9700 has been tested several times, but the market has not been able to breach it to the upside. About 110 pips have been gained so far this week, and there is much room for it to go further upwards. The resistance lines at 0.9700, 0.9750 and 0.9800 may be breached later this week.

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The situation in the market remains upbeat. There is a Bullish Confirmation Pattern in the 4-hour chart and the Williams’ % Range period 20 is around the overbought territory. The EMA 11 is above the EMA 56.

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

Technical analysis: Intraday Level For EUR/USD, April 19, 2018 888011000 110888 When the European market opens, some Economic Data will be released such as Spanish 10-y Bond Auction and Bank Account. The US will launch the Economic Data too, such as Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so, in the middle of the reports, EUR/USD will relocate a low to mediumvolatility throughout this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.2438.Strong Resistance:1.2431. Initial Resistance: 1.2419. Inner Offer Location: 1.2407.Target Inner Location: 1.2378.Inner Buy Location: 1.2349. Initial Assistance: 1.2337. Strong Assistance: 1.2325. Breakout OFFER Level: 1.2318. Disclaimer: Trading Forex(forex)on margin carries a high level of risk, and may not appropriate for all Traders or Investors. The high degree of leverage can work versus you along with for you. Before choosing to purchase foreign exchange you must carefully consider your financial investment objectives, level of experience, and threat hunger. The possibility exists that you might sustain a loss of some or all your initial investment and for that reason you should not invest cash that you can not pay for to lose. You should be aware of all the risks associated with foreign exchange trading, and consult from an independent financial consultant if you have any doubts.The product has actually been supplied by InstaForex Business-www.instaforex.com

By | April 19, 2018

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When the European market opens, some Economic Data will be released such as Spanish 10-y Bond Auction and Current Account. The US will release the Economic Data too, such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.2438.

Strong Resistance:1.2431.

Original Resistance: 1.2419.

Inner Sell Area: 1.2407.

Target Inner Area: 1.2378.

Inner Buy Area: 1.2349.

Original Support: 1.2337.

Strong Support: 1.2325.

Breakout SELL Level: 1.2318.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Technical analysis: Intraday level for USD/JPY, April 19, 2018 888011000 110888 In Asia, Japan today will not launch any Economic Data, but the United States will launch some Economic Data such as Natural Gas Storage, CB Leading Index m/m, UnemploymentClaims, and Philly Fed Production Index. There is a likelihood the USD/JPY will move with a low to medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 108.03.Resistance. 2: 107.82. Resistance. 1: 107.61. Support. 1: 107.35. Assistance. 2: 107.14. Support. 3: 106.93. Disclaimer: Trading Forex(foreign exchange )on margin carries a high level of risk, and may not be suitable for all Financiers or traders. The high degree of take advantage of can work versus you along with for you. Prior to deciding to purchase forex you need to thoroughly consider your investment goals, level of experience, and danger appetite. The possibility exists that you might sustain a loss of some or all of your initial investment and for that reason you should not invest money that you can not afford to lose. You should know all the risks associated with forex trading, and seek advice from an independent financial consultant if you have any doubts.The material has been offered by InstaForex Company-www.instaforex.com

By | April 19, 2018

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In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 108.03.

Resistance. 2: 107.82.

Resistance. 1: 107.61.

Support. 1: 107.35.

Support. 2: 107.14.

Support. 3: 106.93.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

USD/JPY Is Being Held Up By Rising Support Line, Stay Bullish

By | April 19, 2018

USD/JPY checked its ascending support line where it is rising highly. We look to buy on weak point at 107.367( horizontal overlap assistance )where we anticipate costs to increase to its resistance at 107.764 (61.8% Fibonacci extension, horizontal swing high resistance).

Stochastic (89, 5, 3) bounced off its intermediate resistance at 20.5% where it still has a lot of upside capacity.

Purchase above 107.367. Stop loss at 107.134. Take earnings at 107.764.

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

Essential Analysis of EUR/CAD for April 18, 2018 888011000 110888 EUR/CAD has moved quite impulsively with the bullish gains today. The set is anticipated to push higher with the bullish momentum for a while prior to proceeding lower in the short-term. Today, after BOC Overnight Rate was stated the same as expected at 1.25%, BOC Monetary Policy was rather dovish with statements like substantial risk from escalating trade tensions which will impact the short-term development of the economy but for the long term better results are expected. Furthermore, BOC Interview is yet to be held, so a good amount of volatility is anticipated to be injected in the market today. On the other hand, US Petroleum Stocks report is going continuing reading the USD side is anticipated to press the market to more indecision which will result in an additional corrective predisposition of the marketplace sentiment. As for the existing scenario, USD is expected to acquire specific momentum over CAD for the coming days of the week whereas CAD is anticipated to acquire momentum on the long-lasting basis as the bearish bias still exists in the market.Now let us look atthe technical view. The rate is currently proceeding rather impulsively towards the resistance area of 1.57 from where with the confluence of dynamic level of 20 EMA as resistance, the cost is expected to continue its bearish pressure with a target to 1.5320 in the coming days. The consolidation after the strong bearish pattern is currently correcting itself pretty well however more volatility is anticipated up until the everyday close today. As the rate stays listed below 1.59, the bearish bias is expected to continue further. The product has actually been offered by InstaForex Company-www.instaforex.com

By | April 18, 2018

EUR/CAD has moved quite impulsively with the bullish gains today. The pair is expected to push higher with the bullish momentum for a while before proceeding lower in the short term. Today, after BOC Overnight Rate was declared unchanged as expected at 1.25%, BOC Monetary Policy was quite dovish with statements like considerable risk from escalating trade tensions which will impact the short-term growth of the economy but for the long term better results are expected. Moreover, BOC Press Conference is yet to be held, so a good amount of volatility is expected to be injected in the market today. On the other hand, US Crude Oil Inventories report is going reading on the USD side is expected to push the market to more indecision which will lead to a further corrective bias of the market sentiment. As for the current scenario, USD is expected to gain certain momentum over CAD for the coming days of the week whereas CAD is expected to gain momentum on the long-term basis as the bearish bias still exists in the market.

Now let us look at the technical view. The price is currently proceeding quite impulsively towards the resistance area of 1.57 from where with the confluence of dynamic level of 20 EMA as resistance, the price is expected to continue its bearish pressure with a target towards 1.5320 in the coming days. The consolidation after the strong bearish trend is currently correcting itself pretty well but more volatility is expected until the daily close today. As the price remains below 1.59, the bearish bias is expected to continue further.

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

Technical analysis of USD/JPY for April 18, 2018 888011000 110888 USD/JPY is expected to trade with a bullish outlook. the set continues a rebound initiated at a low of 106.87 seen overnight(April 17). Presently, it has returned to levels above both the 20-period and 50-period moving averages. At the exact same time, the relative strength index has jumped into the 60s, suggesting that upward momentum could assist produce a new upleg for the set. As long as the bullish predisposition is maintained, the pair is expected to revisit 106.85 on the advantage (around the high of yesterday )prior to targeting 107.40. Chart Explanation: The black line reveals the pivot point. Today cost above the pivot point suggests a bullish position, and the rate below the pivot point indicates a short position. The red lines show theassistance levels, and the green line suggests the resistance levels. These levels can be utilized to enter and leave trades.Strategy: BUY, stop loss at 106.85, take earnings at 107.40.Resistance levels: 107.40, 107.60, and 107.90 Support levels : 106.65, 106.45, and 106.00. The material has been supplied by InstaForex Business-www.instaforex.com

By | April 18, 2018

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USD/JPY is expected to trade with a bullish outlook. the pair continues a rebound initiated at a low of 106.87 seen overnight (April 17). Currently, it has returned to levels above both the 20-period and 50-period moving averages. At the same time, the relative strength index has jumped into the 60s, indicating that upward momentum could help produce a new upleg for the pair. As long as the bullish bias is maintained, the pair is expected to revisit 106.85 on the upside (around the high of yesterday) before targeting 107.40.

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 106.85, take profit at 107.40.

Resistance levels: 107.40, 107.60, and 107.90

Support levels: 106.65, 106.45, and 106.00.

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