Category Archives: Quick Forex

Bitcoin analysis for April 24, 2019 888011000 110888 Technical picture: According to the H4 time-frame, BTC did precisely what we expected yesterday. BTC did turn down from the upper diagonal ofthe upward channel at the rate of$5.626. Our very first downward target at the price of $5.365 has actually been satisfied. We are expecting more disadvantage. On the Futures market we discovered buying climax in the background, which is sign of the weak point and big warning for buyers. After the weather action, there was no buying interest and we got couple of no need bars on the 2H time-frame, which isanother indication of the weakness. Watch for selling chances. Next downward targets are set at the price of $5.192 and$ 4.650. The product has been offered by InstaForex Company-www.instaforex.com

By | April 24, 2019

Technical picture:

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According to the H4 time-frame, BTC did exactly what we expected yesterday. BTC did reject from the upper diagonal of the upward channel at the price of $5.626. Our first downward target at the price of $5.365 has been met. We are expecting more downside.

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On the Futures market we found buying climax in the background, which is sign of the weakness and big warning for buyers. After the climatic action, there was no buying interest and we got few no demand bars on the 2H time-frame, which is another sign of the weakness. Watch for selling opportunities. Next downward targets are set at the price of $5.192 and $4.650.

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

Technical analysis of USD/CHF for April 24, 2019 888011000 110888 Summary: The USD/CHF pair continues relocating a bullish pattern from the support levels of 1.0123 and 1.0177. Presently, the cost is in an upward channel. This is confirmed by the RSI indication signaling that the pair is still in a bullish pattern. As the rate is still above the moving average (100), instant assistance is seen at 1.0177. The first assistance is set at the level of 1.0177. The market is likely to reveal signs of a bullish trend around 1.0177. To put it simply, buy orders are suggested above the level of 1.0177 with the very first target at the level of 1.0265. Moreover, if the trend is able to breakout through the very first resistance level of 1.0265, we ought to see the pair climbing towards the point of 1.0314. It would likewise be smart to consider where to put a stop loss; this should be set listed below the 2nd assistance of 1.0123. The product has actually been offered by InstaForex Company-www.instaforex.com

By | April 24, 2019

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Overview:

The USD/CHF pair continues moving in a bullish trend from the support levels of 1.0123 and 1.0177. Currently, the price is in an upward channel. This is confirmed by the RSI indicator signaling that the pair is still in a bullish trend. As the price is still above the moving average (100), immediate support is seen at 1.0177. Consequently, the first support is set at the level of 1.0177. So, the market is likely to show signs of a bullish trend around 1.0177. In other words, buy orders are recommended above the level of 1.0177 with the first target at the level of 1.0265. Furthermore, if the trend is able to breakout through the first resistance level of 1.0265, we should see the pair climbing towards the point of 1.0314. It would also be wise to consider where to place a stop loss; this should be set below the second support of 1.0123 .

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

Technical analysis of NZD/USD for April 24, 2019 888011000 110888 Summary: The NZD/USD pair is showing signs of weakness following a breakout of the most affordable level of 0.6648. On the H1 chart. the level of 0.6648 accompanies 23.6% of Fibonacci, which is expected to serve as small assistance today. Since the pattern is listed below the 23.6 %Fibonacci level, the marketplace is still in a downtrend. Significant resistance is seen at the level of 0.6690. The trend is still revealing strength above the moving average(100 ). Thus, the market is showing a bearish chance below the above-mentioned support levels, for that the bearish outlook stays the same as long as the 100 EMA is headed to the downside. Therefore, strong resistance will be found at the level of 0.6690 offering a clear signal to purchase with a target seen at 0.6575. If the trend breaks the small resistance at 0.6575, the pair will move down continuing the bearish pattern advancement to the level 0.6544. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | April 24, 2019

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Overview:

The NZD/USD pair is showing signs of weakness following a breakout of the lowest level of 0.6648. On the H1 chart. the level of 0.6648 coincides with 23.6% of Fibonacci, which is expected to act as minor support today. Since the trend is below the 23.6% Fibonacci level, the market is still in a downtrend. But, major resistance is seen at the level of 0.6690. Furthermore, the trend is still showing strength above the moving average (100). Thus, the market is indicating a bearish opportunity below the above-mentioned support levels, for that the bearish outlook remains the same as long as the 100 EMA is headed to the downside. Therefore, strong resistance will be found at the level of 0.6690 providing a clear signal to buy with a target seen at 0.6575. If the trend breaks the minor resistance at 0.6575, the pair will move downwards continuing the bearish trend development to the level 0.6544.

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

Portugal Producer Cost Inflation Increases In March

By | April 24, 2019

Portugal’s producer price inflation increased in March to a three-month high, figures from Statistics Portugal revealed on Wednesday.

The producer price index climbed up 1.5 percent year-on-year in March, following a 0.8 percent increase in February.

Leaving out energy costs, the producer costs rose 0.8 percent in March, same as in February.

Energy rates increased 4.5 percent yearly in March, after a 0.9 percent rise in the previous month.

On a month-on-month basis, the manufacturer prices held constant in March, same as in February.

In the very first quarter, producer price inflation slowed to 1.1 percent from 3.0 percent in the previous quarter.

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

Finland March Jobless Rate Falls

By | April 24, 2019

Finland’s unemployment rate fell in March from last year, data from Statistics Finland showed on Wednesday.

The jobless rate for the 15 to 74 age group fell to 7.0 percent in March from 8.8 percent in the same month last year.

The number of unemployed persons in March shrunk by 49,000 year-on-year to 191,000 persons. Employment grew by 61,000 persons.

The youth jobless rate, which applies to the 15 to 24 age group, stood at 20.4 per cent, which was 3.7 percentage points lower than one year ago.

The seasonally adjusted jobless rate fell to 6.4 percent in March from 6.5 percent in February. A year ago, the rate was 7.9 percent.

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

Technical analysis of Ethereum for 24/04/2019

By | April 24, 2019

Crypto Industry News: The” Blockchain Bandit”handled to collect almost 45,000 ETH by guessing weak private secrets, according to a report launched today by the Independent Security Evaluators.A senior security analyst, he said he found an advanced hacker by accident. Thinking the personal key is supposed to be statistically not likely, but thanks to his research study he managed to find 732 keys-offering him the ability to make transactions as if he were an account holder. The report notes that rather of utilizing brute force to search for random personal keys, he utilized a mix of looking for malfunctioning code and defective random number generators. He then noted that some portfolios associated with personal keys discovered through their technique sent large transactions to one address that did not send anything back.It is approximated that with the greatest Ethereum worth, the bandit’s worth would deserve more than 50 million dollars. At the moment, the funds would be valued at around 7.8 million dollars.Technical Market Overview: The ETH/USD set has actually been capped after striking the technical resistance at the level of 177.13. The cost reversed rapidly and moved down to the technical support located at the level of 166.53. Despite this local pullback, which was ended by a Pin Bar candlestick, the outlook remains bullish and purchasers will use another chance to press the prices above the current high as the target remains at the level of 183.34. Just a sustained breakout of the level of 163.27 would change the bias to bearish.Weekly Pivot Points:

WR3-198.18 WR2-186.32 WR1-175.54

Weekly Pivot -163.96 WS1-153.36 WS2 -141.23 WS3-129.71 Trading suggestions: Daytraders must take notice of cost habits and a possible breakout higher, through the level of 175.82. After this level is violated, the next resistance is seen at the level of 177.13 and after that there is an empty room for a spike upwards towards the recent top of the wave 1/A. Buy stop orders must be utilized to trade this bullish setup and protective stop loss should be placed also.

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Technical analysis of Bitcoin for 24/04/2019

By | April 24, 2019

Crypto Industry News: The 2nd largest stock exchange worldwide, Nasdaq, supposedly evaluates the trade of a Bitcoin-based item, according to an

expert from the strong market analytics service.Cryptopolis, a quantitative analyst at Strong Market, composed on Twitter that he bought one Bitcoin on Monday through an account at a retail brokerage company TD Ameritrade(NASDAQ: AMTD ). Cryptopolis suggested that Bitcoin was exchangeable on the United States dollar platform under the unknown symbol”CXERX “, which is presumably noted on Nasdaq. The analyst added that on the

basis of the platform chart, the BTC/ USD trading set was released on 10 April 2019. After his discoveries, Cryptopolis grabbed TD Ameritrade assistance for additional information. Assistance, however, refused to comment on this matter.Although the expert came to the conclusion that this was not a genuine exchange on his account, he still claimed that Nasdaq is silently testing a brand-new resource based upon Bitcoins, which is only offered through the Paper Trading platform.At completion of 2018, Nasdaq apparently verified plans to introduce Bitcoin futures agreements in the first half of 2019. In February 2019, Nasdaq started noting 2 cryptocurrency rate indices from the American company Blockvein and cryptographic information Brave New Coin, consisting of Bitcoin Liquid Index and Ethereum Liquid index.Technical Market Overview: The BTC/USD pair has actually bounced from the level of$5,500 which is now crucial technical assistance for the price. The brand-new local high was made at the level of $5,665 and the impulsive wave up is still unfolding as this is not the end of this impulsive wave. The target is seen around the level of$ 6,000 for wave 5. Weekly Pivot Points: WR3-5,847 WR2 -5,603 WR1-5,428 Weekly Pivot-5,161 WS1-4,996 WS2-4,735 WS3 -4,564 Trading recommendations: Daytraders need to keep the open buy orders until the target at the level of 6,000 is hit. There will be a possibility to partly secure the part of the earnings at the level of 5,728 as this is strong technical resistance. The material has been supplied by InstaForex Business-www.instaforex.com

Control zones AUDUSD 04/24/19

By | April 24, 2019

Last week, sales were opened. The existing week must be entirely closed, as the tool surpassed the weekly relocation. This fact suggests a boost in the probability of corrective movement as much as 90%. We can not speak about the end of the downward medium-term impulse; nevertheless, we need to anticipate a restorative development, the size of which may go beyond the daily average. It is very important to note that the likelihood of closing the existing week trading above 0.7043 is more than 70 %. This makes it possible to look for beneficial costs for the purchase. One of the successful patterns will be”incorrect breakdown “, which can be formed today.An alternative model will be established if the pair can consolidate listed below the level of 0.7043 today. This speaks about synthetic pressure put on the Australian dollar. Working in the downward instructions stays a concern in the medium term; nevertheless, according to stats, the possibility of offsetting motion increases to 90%, which is required to use.Daily CZ-everyday control zone. The location formed by important data from the futures market, which alters several times a year.Weekly CZ- weekly control zone.

The zone formed by essential marks of the futures market, which alters a number of times a year.Monthly CZ-month-to-month control zone. The zone, which is a reflection of the typical volatility over the past year.The material has been supplied by InstaForex Company-www.instaforex.com

Dollar Gains Against Significant Competitors On Outcomes, Economic Data

By | April 23, 2019

The U.S. dollar rose versus the majority of its major competitors and Tuesday and the dollar index rose to a 22-month high, with positive outcomes and an unexpected dive in brand-new house sales setting off the go up north.

The sharp jump in petroleum prices following the U.S. federal government’s decision to stop giving sanctions waivers to significant importers of Iranian oil contributed too the greenback’s gains.

Traders now look ahead to the U.S. GDP information for the January-March 2019 quarter, due on Friday.

The dollar index rose to its finest level since June 2017, as it climbed to 97.79.

Versus the Swiss franc, the dollar got about 0.43% at 1.0202, and versus the Aussie, it was up by about 0.5% at 0.7099.

The euro shed about 0.3% at $1.1190, while the British Pound Sterling decreased about 0.4% to $1.2940 due to issues over Brexit.

The Japanese yen, thought about another safe house, handled to eke out a small gain, edging approximately 111.83 a dollar.

The Canadian dollar was trading at $1.3432 a dollar, compared to previous close of $1.3350, while the Swedish Krona was down 0.5% at 9.3543 a dollar.

The Commerce Department report said brand-new home sales rose up by 4.5% to an annual rate of 692,000 in March after skyrocketing by 5.9% to a modified rate of 662,000 in February.

The continued increase surprised economic experts, who had actually anticipated new house sales to stop by 2.5% to a rate of 650,000 from the 667,000 originally reported for the previous month.

With the unanticipated spike, new home sales reached their highest yearly rate since hitting 712,000 in November of 2017.

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

Treasuries Rebound Amid Reports Of Asian Buying

By | April 23, 2019

Following the pullback seen in the previous session, treasuries moved back to the benefit during the trading day on Tuesday.

Bond rates moved higher early in the session and remained strongly favorable throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposites of its price, dipped by 2 basis points to 2.570 percent.

The rebound by treasuries was partially attributed to reports of Asian interest in long-lasting notes, with CNBC pointing out signs of Japanese genuine cash purchasing on the long-end of the Treasury curve.

Treasuries saw ongoing strength despite the fact that the Treasury Department’s auction of $40 billion worth of two-year notes brought in below par demand.

The two-year note auction drew a high yield of 2.355 percent and a bid-to-cover ratio of 2.51, while the ten previous two-year note auctions had an average bid-to-cover ratio of 2.63.

The bid-to-cover ratio is a measure of demand that suggests the quantity of quotes for each dollar worth of securities being offered.

Traders also appeared to brush off a Commerce Department report showing brand-new house sales in the U.S. suddenly jumped to their highest level in well over a year in the month of March.

The Commerce Department stated new home sales surged up by 4.5 percent to a yearly rate of 692,000 in March after soaring by 5.9 percent to a modified rate of 662,000 in February.

The continued increase shocked economists, who had expected new house sales to stop by 2.5 percent to a rate of 650,000 from the 667,000 initially reported for the previous month.

With the unanticipated spike, new home sales reached their greatest yearly rate because striking 712,000 in November of 2017.

Amid a peaceful day on the U.S. financial front, trading on Wednesday may be impacted by response to the results of the Treasury’s auction of $41 billion worth of five-year notes.

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