Category Archives: Quick Forex

USD/CAD analysis for July 13, 2018 888011000 110888 Recently, USD/CAD has actually been trading upwards. As I expected, the price checked the level of 1.3200. Inning accordance with the H1 amount of time, I found a breakout of supply trendline in the background, which is an indication that buyers are in control. My suggestions is to enjoy for possible purchasing chances. Upward targets are set at the cost of1.3245 and at therate of 1.3300. Resistance levels: R1: 1.3200 R2: 1.3220 R3: 1.3245 Assistance levels: S1: 1.3150 S2: 1.3135 S3: 1.3110 Trading suggestions for today: look for prospective buying opportunities.The product has been provided by InstaForex Company-www.instaforex.com

By | July 13, 2018

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Recently, USD/CAD has been trading upwards. As I expected, the price tested the level of 1.3200. According to the H1 time frame, I found a breakout of supply trendline in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.3245 and at the price of 1.3300.

Resistance levels:

R1: 1.3200

R2: 1.3220

R3: 1.3245

Support levels:

S1: 1.3150

S2: 1.3135

S3: 1.3110

Trading recommendations for today: watch for potential buying opportunities.

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

Analysis of Gold for July 13, 2018 888011000 110888 Recently, Gold has actually been trading downwards. The cost tested the level of$1,238.00. According to the H1 time-frame, I found a breakout of the bearish flag in the background, which signifies weakness. Gold remains in the down pattern and my recommendations is to watch for prospective selling chances. I positioned Fibonacci growth to discover possible down targets. I found FE 100%at the price of$1,233.00and FE 161.8%at the price of $1,223.55. Resistance levels: R1:$1,249.45 R2: $1,252.50 R3:$1,256.75 Support levels: S1:$1,242.20 S2:$1,238.20 S3:$1,234.85 Trading recommendations for today: look for prospective selling opportunities.The material has been offered by InstaForex Company-www.instaforex.com

By | July 13, 2018

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Recently, Gold has been trading downwards. The price tested the level of $1,238.00. According to the H1 time – frame, I found a breakout of the bearish flag in the background, which is a sign of weakness. Gold is in the downward trend and my advice is to watch for potential selling opportunities. I placed Fibonacci expansion to find potential downward targets. I found FE 100% at the price of $1,233.00 and FE 161.8% at the price of $1,223.55.

Resistance levels: R1: $1,249.45R2: $1,252.50R3: $1,256.75

Support levels: S1: $1,242.20S2: $1,238.20S3: $1,234.85

Trading recommendations for today: watch for potential selling opportunities.

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

BITCOIN Analysis for July 13, 2018 888011000 110888 Bitcoin has been quite indecisive after the break listed below the $6,500 rate area with a day-to-day close, where the bullish predisposition is still aiming to press the cost higher in the future. The pressing question is which method Bitcoin is heading next. Though the price has been anticipated to push greater after breaking above $6,500 just recently, however the bearish predisposition leading the price below the location did confuse the marketplace sentiment for a bit now. Though huge financiers are still holding it, but the result can not be observed in the market. Since the existing situation, the rate is living above the $6,000 area after having specific bearish rejection with the other day’s everyday candle for which the cost is expected to push higher towards the $6,500 location and later on to the $8,000 location as it stays above $6,000 with a daily close. The material has been supplied by InstaForex Company-www.instaforex.com

By | July 13, 2018

Bitcoin has been quite indecisive after the break below the $6,500 price area with a daily close, where the bullish bias is still trying to push the price higher in the future. The pressing question is which way Bitcoin is heading next. Though the price has been expected to push higher after breaking above $6,500 recently, but the bearish bias leading the price below the area did confuse the market sentiment for a bit now. Though big investors are still holding it, but the effect cannot be observed in the market. As of the current scenario, the price is residing above the $6,000 area after having certain bearish rejection with yesterday’s daily candle for which the price is expected to push higher towards the $6,500 area and later towards the $8,000 area as it remains above $6,000 with a daily close.

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

Theresa May will reveal prepare for Brexit today

By | July 13, 2018

The Prime Minister of Great Britain will announce on Thursday the prepare for the nation’s exit from the European Union.

Today, the file to be published today needs to clarify the position of England in the certainly skidding negotiations on Brexit. It is expected that it will outline steps to ensure unobstructed trade to secure “jobs and their means of livelihood”. The desire for an “unequaled collaboration in the field of security” will likewise be discussed. At the exact same time, it will be stressed that Britain reserves the control over borders, laws, and cash.

“Leaving the European Union is an opportunity and a challenge. We need to respond to the difficulty and understand the opportunities, “states the preface to the file prepared by the new Brexit minister, Dominic Raab, who was appointed on June 9.

It is this political background that presently keeps the GBP/ USD pair listed below the level of 1.3300, despite the increase in forecasts to 0.25% by the Bank of England at a meeting on August 2.

Present market expectations for raising the rate have to do with 60%. The traders will get more clarity after the speech of the deputy head of the Central Bank of England, John Cunliffe on Friday at 11:00 GMT.

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The pound looks susceptible. However, the American currency likewise does not assure intense motions. If today the United States session does not upgrade the lows that were fixed previously this week between 1.3200/ 25, then the sterling may support and ultimately rise in rate.

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

Worldwide macro summary for 13/07/2018

By | July 13, 2018

Thursday’s session abroad ended with a substantial boost in major indices -the SP500 rose by + 0.9% to reach its highest level considering that March, while Nasdaq saw an increase of + 1.3%, setting a brand-new record also. Great sentiment has spilled over to Asia – the majority of the indexes in the Asian part of the world acquired about + 0.5%, with the exception of Japanese Nikkei, which increased its value by over + 1.9%.

Today in the United States, the second-quarter results seasons will start. As the first, traditionally their outcomes will be released by American banks, namely Citigroup, JP Morgan Chase and Wells Fargo. Current forecasts for the annual growth of earnings of companies coming from the SP500 index oscillate around 20%. However, based upon the experience from the previous outcome season, it can be expected that financiers will especially focus on the forecasts of future efficiency provided by business. Nevertheless, it can not be ruled out that these projections will not be as outstanding as the current characteristics of earnings and revenues provided. Undoubtedly, risk aspects that in the following months might well prevent the enthusiastic strategies of American business are not lacking. Among them, it is natural to mention the results of a trade war, which eventually may strike US business, including the innovation sector. It is likewise worth noting that the fiscal stimulus, which, incidentally, prolonged the expansionary stage of business cycle in the United States, according to some computations, may favorably impact the presented characteristics of corporate revenues for the 4th and third quarters – after this duration, additional fuel disperasing the American economy will most likely be depleted.Let’s now take

a look at the SP500 technical picture at the H4 timespan. The marketplace will break out higher to the level of 28062 resistance. If this level is broken, then the bulls may extend the rally towards the level of 286.58, which is an all-time high. The strong and favorable momentum supports the bullish outlook and market conditions are currently neutral, so there is a space for more benefit in the nearby future. The instant support is seen at the level of 277.51.

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

Global macro analysis for 13/07/2108

By | July 13, 2018

The overnight data on China’s June trade balance showed a higher surplus (as an outcome of weaker imports), but the report did not shake the marketplace. It is simple to go over whether, when President Trump receives a note with this information, he will not be caused an intense tweet where he will accuse China of unreasonable exchange of goods with the US. For now, nevertheless, Trump check outs Excellent Britain and “blends” London’s relations with Brussels. In an interview with The Sun, he said that Prime Minister Mayor disregarded his guidance and movinged towards the soft Brexit, which, however, decreases the possibilities of rewarding trade contracts with the US. He also kept in mind that he highly values Boris Johnson, who would prove himself as a fantastic leader. These words scratch the wounds of the shock caused by the federal government’s shuffles previously today and GBP is losing ground. Yesterday, the publication of the so-called White File, in which the new Brexit strategy was set out, did not make the distinction at all. Of all, the technique to financial services is slammed, where the proposals are stringent with a view to the grace of Brussels. It is hard to be a strong promoter of the pound now, even if in the longer horizon the materialization of the soft Brexit will pull the GBP strongly up.Let’s now have a look at the GBP/USD technical photo at the H4 timespan. The market has broken listed below the 61% Fibo retracement nad currently is heading lower to the intraday support at the level of 1.3094. This level is just a little above the technical support zone at 1.3067 – 1.3049. Please discover the oversold market conditions and weak momentum, which might lead to a temporary pull-back higer to the level of 1.3191 quickly.

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

Ichimoku cloud sign analysis of USD/JPY for July 13, 2018 888011000 110888 The USD/JPY is challenging important long-term resistance. The weekly close will be essential. The USD/JPY is challenging the long-lasting resistance trend line coming from 125.60 back in 2015, that has actually currently been evaluated 6 times the past years and got rejected. Blue line -long-term resistance Red line-long-lasting support The USD/JPY is likewise challenging weekly cloud resistance here at 112.60-112.70 area. Will the USD/JPY break above this big triangle pattern? At existing levels, traders must better be client and neutral than chase long positions in USD/JPY. The material has been offered by InstaForex Company -www.instaforex.com

By | July 13, 2018

The USD/JPY is challenging important long-term resistance. The weekly close will be very important. The USD/JPY is challenging the long-term resistance trend line coming from 125.60 back in 2015, that has already been tested 6 times the past years and got rejected.

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Blue line – long-term resistance

Red line – long-term support

The USD/JPY is also challenging weekly cloud resistance here at 112.60-112.70 area. Will the USD/JPY break above this huge triangle pattern? At current levels, traders should better be patient and neutral than chase long positions in USD/JPY.

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

Ichimoku cloud sign analysis of Gold for July 13, 2018 888011000 110888 The Gold price remains in a bearish trend making lower lows and lower highs. The Gold cost is above the $1,240-37 assistance area and listed below the Ichimoku cloud in the 4hour chart. As long as Gold is below $1,252 we must anticipate more disadvantage. Costs are oversold though at existing levels and I will not be seeking to chase short positions. Blue lines -Pitchfork Upward sloping blue line-RSI assistance pattern line The Gold price is listed below the 4-hour Kumo. Support is at $1,240 and next at $1,235. Resistance is at$1,250 and at$ 1,253. Above this level, we ought to anticipate Gold to push to $1,260 and next to$1,272. A break below $1,235-40 area will open the way for a push lower to$1,220-$1,200. The product has been provided by InstaForex Business-www.instaforex.com

By | July 13, 2018

The Gold price remains in a bearish trend making lower lows and lower highs. The Gold price is above the $1,240-37 support area and below the Ichimoku cloud in the 4hour chart. As long as Gold is below $1,252 we should expect more downside. Prices are oversold though at current levels and I will not be looking to chase short positions.

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Blue lines – Pitchfork

Upward sloping blue line – RSI support trend line

The Gold price is below the 4-hour Kumo. Support is at $1,240 and next at $1,235. Resistance is at $1,250 and at $1,253. Above this level, we should expect Gold to push towards $1,260 and next towards $1,272. A break below $1,235-40 area will open the way for a push lower towards $1,220-$1,200.

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