Category Archives: Quick Forex

Bitcoin analysis for September 24, 2018 888011000 110888 Trading suggestions: According to the H1 time-frame, I found that Bitcoin might complete that existing down correction(abc flat)near the level of$6.565. The level of $6.555 is a strong support since it is also the swing high from the background. Be careful when selling Bitocin at this phase. My guidance is to expect a potential breakout of the supply trendline to verify additional upward extension. The upward tarets are set at the rate of$6.853 and at the price of$7.000. Support/Resistance$7.296– Intraday resistance$6.220– Intraday assistance$6.853– Objective target 1$7.000– Objective target 2 With InstaForex you can make on cryptocurrency’s motionsright now. Just open a handle your MetaTrader4.The material has been provided by InstaForex Company-www.instaforex.com

By | September 24, 2018

analytics5ba8c53585ca5.png

Trading recommendations:

According to the H1 time – frame, I found that Bitcoin might finish that current downward correction (abc flat) near the level of $6.565. The level of $6.555 is a strong support because it is also the swing high from the background. Be careful when selling Bitocin at this stage. My advice is to watch for a potential breakout of the supply trendline to confirm further upward continuation. The upward tarets are set at the price of $6.853 and at the price of $7.000.

Support/Resistance

$7.296 – Intraday resistance

$6.220– Intraday support

$6.853 – Objective target 1

$7.000 – Objective target 2

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

USD/CAD analysis for September 24, 2018 888011000 110888 Recently, the USD/CAD set has been trading downwards. The price evaluated the level of 1.2884. Anyway, according to the H4 time– frame, I discovered that rate turned down from the strong assistance at the price of 1.2887(bottom of the channel and previous swing low), which is an indication that selling at this phase looks risky. I likewise found a concealed bullish divergence on the MACD oscillator, which is another indication of strength. My guidance is to expect purchasing opportunities. The upward targets are set at the cost of 1.3060 and at the cost of 1.3105. Blue line– expected rate course The product has actually been supplied by InstaForex Business-www.instaforex.com

By | September 24, 2018

analytics5ba8c375d5c12.png

Recently, the USD/CAD pair has been trading downwards. The price tested the level of 1.2884. Anyway, according to the H4 time – frame, I found that price rejected from the strong support at the price of 1.2887 (bottom of the channel and previous swing low), which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the MACD oscillator, which is another sign of strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.3060 and at the price of 1.3105.

Blue line – expected price path

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

GBP/USD analysis for September 24, 2018 888011000 110888 Recently, the GBP/USD has actually been trading downwards. The cost evaluated the level of 1.3054. According to the M30 amount of time, I discovered the spontaneous breakout of the distinct upward channel in the background, which is a sign that sellers are in control. Most just recently, there is a potential end of the upward correction(abc flat), which is an indication that sellers may return near the level of 1.3125.My suggestions is to expect offering opportunities. Downward targets are set at the price of 1.3074 and at the rate of 1.2970. The material has been provided by InstaForex Company-www.instaforex.com

By | September 24, 2018

analytics5ba8c0cd6127c.png

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3054. According to the M30 time frame, I found the impulsive breakout of the well-defined upward channel in the background, which is a sign that sellers are in control. Most recently, there is a potential end of the upward correction (abc flat), which is a sign that sellers may come again near the level of 1.3125. My advice is to watch for selling opportunities. Downward targets are set at the price of 1.3074 and at the price of 1.2970.

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

Technical analysis of GBP/USD for September 24, 2018 888011000 110888 Introduction: The GBP/USD pair continues relocating a bullish pattern from the support levels of 1.3052 and 1.3159. Presently, the cost remains in a bullish channel. This is validated by the RSI indication signaling that we are still in a bullish trending market. As the price is still above the moving average (100 ), immediate assistance is seen at 1.3052, which accompanies a golden ratio(61.8% of Fibonacci ). The first support is set at the level of 1.3159. The market is likely to reveal indications of a bullish pattern around the spot of 1.3159. In other words, purchase orders are advised above the first assistance of 1.3159 with the first target at the level of 1.3294. If the trend is able to breakout through the very first resistance level of 1.3294. We ought to see the pair climbing up to the double top( 1.3294) to evaluate it. If the trend will be able to break the double leading at 1.3294, then the GBP/USD will continue towardsthe next goal of 1.3415. It would likewise be a good idea to consider where to position a stop loss; this ought to beset listed below the 2nd support of 1.3052. The product has actually been offered by InstaForex Business -www.instaforex.com

By | September 24, 2018

analytics5ba8b67f329d0.png

Overview:

The GBP/USD pair continues moving in a bullish trend from the support levels of 1.3052 and 1.3159. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support is seen at 1.3052, which coincides with a golden ratio (61.8% of Fibonacci).

Consequently, the first support is set at the level of 1.3159. So, the market is likely to show signs of a bullish trend around the spot of 1.3159. In other words, buy orders are recommended above the first support of 1.3159 with the first target at the level of 1.3294. Furthermore, if the trend is able to breakout through the first resistance level of 1.3294. We should see the pair climbing towards the double top (1.3294) to test it. If the trend will be able to break the double top at 1.3294, then the GBP/USD will continue towards the next objective of 1.3415. It would also be wise to consider where to place a stop loss; this should be set below the second support of 1.3052.

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

Crude Oil Futures End Modestly Higher, Gain 2.6% In The Week

By | September 21, 2018

A day after losing ground following U.S. President Donald Trump’s call to OPEC to decrease crude costs, oil futures moved higher on Friday, with traders expecting the OPEC conference at Algeria this weekend.

Recent data revealing a significant drop in U.S. crude stocks and possible supply scarcity post implementation of U.S. sanctions on Iranian oil from early November supported oil’s uptick.

Petroleum futures for November delivery ended up $0.46, or 0.70%, at $70.78 a barrel, the highest settlement rate in two weeks, for the most active agreement. For the week, petroleum futures acquired about 2.6%, taping 2nd succeeding weekly gain.

On Thursday, crude oil futures for November ended lower by $0.45, or 0.6%, at $70.32 a barrel.

On Thursday, Trump contacted the Company of the Petroleum Exporting Countries to lower oil prices. He tweeted: “The U.S. protects the countries of the Middle East, and it was unjust that they continue to promote greater and higher oil prices.”

OPEC and its allies are set up to fulfill on Sunday to discuss how to talk about production increases as U.S. sanctions restrict Iranian exports.

Earlier in the week, information launched by the U.S. Energy Info Administration on Wednesday showed U.S. petroleum stockpiles to have declined by 2.1 million barrels in the week to September 14 to 394.1 million barrels, the lowest level given that February 2015.

Products at Cushing, Oklahoma, decreased by 1.250 million barrels recently, the EIA report said.

The EIA report even more showed that gas stockpiles were down by 1.7 million barrels for the week, while distillate stockpiles climbed up by 800,000 barrels.

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

Dollar Soars Versus British Pound After EU Leaders Refuse Brexit Offer

By | September 21, 2018

The dollar is up against all its significant rivals Friday afternoon, but its gains are a lot more considerable in comparison to the pound sterling.

EU leaders declined Theresa May’s Chequers blueprint at a summit in Salzburg, providing a significant blow to her chances of reaching an offer post-Brexit.

Following their meeting on Thursday, European Council president Donald Tusk told that the leaders had all accepted refuse May’s plans to stay in a single market for goods.

“Everyone shared the view that while there are positive aspects in the Chequers proposal, the suggested element for financial cooperation will not work, not least because it runs the risk of weakening the single market,” Tusk said.

May cautioned EU leaders that she would not make anymore compromises and is prepared for a no offer position.

The buck has actually jumped to around $1.3075 against the pound sterling Friday afternoon, from an early low of $1.3276.

The UK deficit spending increased in August on higher expense amid controlled income growth, data from the Workplace for National Stats showed Friday. Public sector net borrowing, omitting public sector banks, increased by GBP 2.4 billion from in 2015 to GBP 6.8 billion in August. Borrowing was anticipated to fall to GBP 3.4 billion.

The dollar slid to an early low of $1.1802 versus the Euro Friday, but has considering that rebounded to around $1.1745.

Eurozone economic sector grew at the second-weakest speed considering that late-2016 as manufacturing growth was suppressed by stagnating export orders, flash study information from IHS Markit revealed Friday. The composite output index was up to 54.2 in September, while ball game was anticipated to stay unchanged at 54.5.

Germany’s economic sector growth moderated from a six-month high in September, study information from IHS Markit revealed Friday.

The composite output index was up to 55.3 in September from a six-month high of 55.6 in August. Nonetheless, the latest reading was still the second-best seen because February. The anticipated reading was 55.4.

France’s private sector development was up to its least expensive level in 21 months during September, amidst weaker gains in both manufacturing and service sectors, survey information from IHS Markit showed Friday. The flash France Composite Output Index dropped to 53.6 from 54.9 in August, the purchasing supervisors’ survey revealed. The reading was lower than the 54.6 economic experts had actually anticipated.

France’s economy grew at a constant speed, as formerly estimated, in the second quarter, detailed figures from Insee showed Friday. Gross domestic product advanced 0.2 percent sequentially, the same rate as seen in the very first quarter, and in line with the 2nd estimate released on August 29.

The greenback increased to a 2-week high of Y112.873 versus the Japanese Yen Friday morning, however has considering that eased back to around Y112.545.

Total across the country customer rates in Japan were up 1.3 percent on year in August, the Ministry of Internal Affairs and Communications stated on Friday. That surpassed expectations for 1.1 percent and was up from 0.9 percent in July.

The production sector in Japan continued to broaden in September, and at an accelerated speed, the latest survey from Nikkei exposed on Friday with a production PMI rating of 52.9. That’s up from 52.5 in August, and it moved further above the boom-or-bust line of 50 that separates growth from contraction.

Japan’s all market activity remained stable in July, figures from the Ministry of Economy, Trade and Industry showed Friday. The all industry activity index stayed flat on month, following a 0.9 percent fall in June. Financial experts had actually forecast a limited 0.1 percent rise.

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

Gold Futures Settle Lower As Dollar Rebounds

By | September 21, 2018

Gold prices drifted lower on Friday, as the dollar moved up versus a basket of major currencies and equities edged higher amidst easing stress over U.S.-China trade war effect on the worldwide economy.

Traders are slowly switching over to stocks amidst hopes the United States economy is well poised to register excellent development in the coming quarters. On Wall Street, the Dow and the S&P 500 both reached new record intraday highs on Friday.

The dollar index, which tumbled to a more than 3-month low of 93.39 earlier in the day, increased to 93.84 subsequently, getting 0.37 points, or 0.40%.

Gold futures for December ended down $10.00, or 0.80%, at $1,201.30 an ounce, the most affordable close in the week. On Thursday, gold futures ended up $3.00, or about 0.30%, at $1,211.30 an ounce, the greatest settlement price up until now this month. For the week, the yellow metal recorded a little gain of less than 0.1%.

Silver futures for December settled at $14.359 an ounce, acquiring $0.054. Copper futures for December ended higher by $0.1175, at $2.8575 per pound.

When it announces its monetary policy next week, it is widely expected that the Federal Reserve will raise interest rates by 25 basis points. The Fed’s views on the economy and outlook for futures rate walkings will set the near term trend for the markets.

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

Global macro summary for 21/09/2018

By | September 21, 2018

The PMI reading for the Eurozone verified what was obvious after the data from Germany and France was released. The mood in the commercial sector has actually weakened, which is not beginning to be reversed. It is just the opposite. The index for Eurozone dropped from 54.6 to 53.3 points (versus a forecast of 54.5 points).

The Eurozone Composite Acquiring Managers Index (PMI) assesses organisation conditions in building and construction, production and service sectors. The Eurozone PMI is both a considerable and timely indication of business conditions and the general health of the economy. Close correlation with the business cycle, assessed on the basis of long-lasting statistical information, allows utilizing the PMI sign for prognosis of future GDP volumes. The PMI indices are based upon picked panels of executives in companies who report monthly on genuine events. The subindex of intangibles sector – PMI services – is of more importance due to the fact that in developed countries around 70% of GDP is generated in the non-manufacturing sector.Let’s now take a look at the EUR/USD technical image at the H4 amount of time. Such weak information cool down the passion to purchase the euro across the board. EUR/ USD decreased to 1.1770, or about 40 pips under the daily highs, which is the nearby resistance( the next is at the level of 1,1850). The technical assistance is seen at the level of 1.1740-50 and after that at the level of 1.1655. It will be extremely important weekly candle close and the crucial level of interest is the area of 1.1750, where need must be triggered.

analytics5ba5128420e2e.jpg

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