Category Archives: Quick Forex

Technical analysis of USD/JPY for February 15, 2018 888011000 110888 Our first disadvantage target which we predicted in the yesterday’s analysis has been struck, and the price is moving to the 2nd target which we highlighted yesterday. The pair keeps breaching the lower Bollinger band while being topped by a decreasing pattern line drawn from 107.90(the high of the other day, February 14 ). Additional resistance is exerted by the descending 20-period moving average, which stays below the 50-period one. Downward momentum is also evidenced by the badly-directed relative strength index, which has fallen under the 30s while capped by a declining trend line. Strong intraday bearishness persists, and the set must continue towards the first drawback target at 106.15 before sinking additional to 105.70. Key resistance is located at 107.20. Alternatively, if the price moves in the opposite direction, a long position is advised to be above 107.85 with a target of 108.20. Chart Explanation: The black line shows the pivot point. The existing price above the pivot point indicates a bullish position, while the rate listed below the pivot point is a signal for a brief position. The red lines show the assistance levels, and the green lineshows the resistance level. These levels can be utilized to get in andleave trades.Strategy: OFFER, stop loss at 107.20, take earnings at 106.15. Resistance levels : 107.90, 108.50, and 108.85 Support levels: 106.15, 105.70, and 105.20. The product has been offered by InstaForex Company-www.instaforex.com

By | February 16, 2018

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Our first downside target which we predicted in the yesterday’s analysis has been hit, and the price is moving towards the second target which we highlighted yesterday. The pair keeps breaching the lower Bollinger band while being capped by a declining trend line drawn from 107.90 (the high of yesterday, February 14). Extra resistance is exerted by the descending 20-period moving average, which stays below the 50-period one. Downward momentum is also evidenced by the badly-directed relative strength index, which has fallen into the 30s while capped by a declining trend line. Strong intraday bearishness persists, and the pair should proceed toward the first downside target at 106.15 before sinking further to 105.70. Key resistance is located at 107.20.

Alternatively, if the price moves in the opposite direction, a long position is recommended to be above 107.85 with a target of 108.20.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels, and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: SELL, stop loss at 107.20, take profit at 106.15.

Resistance levels: 107.90, 108.50, and 108.85

Support levels: 106.15, 105.70, and 105.20.

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

Technical analysis of USD/CHF for February 16, 2018 888011000 110888 All our disadvantage targets which we forecasted in the previous analysis have actually been hit. USD/CHF is under pressure. The set taped a procedure of lower tops and lower bottoms because February 14, which validated a bearish outlook. The down momentum is further enhanced by both decreasing 20-period and 50-period moving averages.The relative strength index lacks upward momentum. Hence, below 0.9270, search for a brand-new decline with targets at 0.9160 and 0.9120 in extension. Chart Explanation: The black line reveals the pivot point. The present rate above the pivot point indicates a bullish position, and the price listed below the pivot point indicates a brief position. The red lines show the assistance levels, and the green line suggeststhe resistance levels. These levels can be utilized togo into and exit trades.Strategy: OFFER, stop loss at 0.9270, take earnings at 0.9160. Resistance levels: 0.9310, 0.9355, and 0.9385 Support levels: 0.9160, 0.9120, and 0.9090. The product has actually been supplied by InstaForex Company -www.instaforex.com

By | February 16, 2018

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All our downside targets which we predicted in the previous analysis have been hit. USD/CHF is under pressure. The pair recorded a process of lower tops and lower bottoms since February 14, which confirmed a bearish outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index lacks upward momentum.

Hence, below 0.9270, look for a new decline with targets at 0.9160 and 0.9120 in extension.

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: SELL, stop loss at 0.9270, take profit at 0.9160.

Resistance levels: 0.9310, 0.9355, and 0.9385

Support levels: 0.9160, 0.9120, and 0.9090.

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

Technical analysis of NZD/USD for February 16, 2018 888011000 110888 Overview: The NZD/USD set will continue to climb from the levels of 0.7367 and 0.7390 today. It should be noted that the support is developed at the level of 0.7367 which represents the everyday pivot point on the H1 chart. The price is most likely to form a double bottom in the exact same amount of time. Appropriately, the NZD/USD pair is showing indications of strength following a breakout of the greatest level of 0.7390. Purchase above the level of 0.7390 with the first target at 0.7419 in order to test the daily resistance 1. The level of 0.7419 (double top )is an excellent place to take profits. The RSI is still signaling that the pattern is upward as it stays strong above the moving average (100). This suggests that the pair will most likely increase in the coming hours. The market will call for a strong bullish market to the goal of 0.7449 today if the trend is able to break the level of 0.7419. On the other hand, in case a reversal takes place and the NZD/USD set breaks through the support level of 0.7326, a further decline to 0.7268 can happen. It would indicate a bearish market.The product has been offered by InstaForex Company -www.instaforex.com

By | February 16, 2018

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Overview:

  • The NZD/USD pair will continue to climb from the levels of 0.7367 and 0.7390 today. It should be noted that the support is established at the level of 0.7367 which represents the daily pivot point on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, the NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7390. So, buy above the level of 0.7390 with the first target at 0.7419 in order to test the daily resistance 1. The level of 0.7419 (double top) is a good place to take profits. Moreover, the RSI is still signaling that the trend is upward as it remains strong above the moving average (100). This suggests that the pair will probably go up in the coming hours. If the trend is able to break the level of 0.7419, then the market will call for a strong bullish market towards the objective of 0.7449 today. On the other hand, in case a reversal takes place and the NZD/USD pair breaks through the support level of 0.7326, a further decline to 0.7268 can occur. It would indicate a bearish market.

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

Trading strategy 02/16/2018

By | February 16, 2018

Trading plan 02/16/2018 The total image: The fall of the dollar.The dollar updates the lows: the dollar-yen, dollar-franc falls.Today, the euro reached a brand-new high.Buy the euro from 1.2515, stop at 1.2470, target at 1.2630.

There are no important news: the market continues the pattern” by inertia”

, until the huge gamers choose that”it

suffices “. Pound: Purchase on the rebound from 1.3940.

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

Bitcoin analysis for 16/02/2018

By | February 16, 2018

The head of the International Monetary Structure (IMF ), Christine Lagarde, stated that the guideline of cryptocurrencies was essential and inescapable at the worldwide level. Asked throughout the interview about whether the growing popularity of cryptocurrency markets was caused by the appetite for high profits in worldwide markets, Lagarde replied that pattern showed the mentality of those who were looking for high-performance items, in addition to a component of speculation. She added that it was likewise driven by dark activities, which was a referral to the potential usage of cryptocurrencies in cash laundering and other illegal online activities, due to their confidential character.Regarding the guideline of cryptocurrencies, Lagarde discussed its inevitability and the need to focus on the regulation of actions over the subjects: “This is the sphere in which we require global guideline and proper guidance.”-she said.According to Lagard, already in October 2016, banks will adopt digital currencies in the next five years, while a policy will be needed to avoid loan laundering and unlawful activities. In October last year, she revealed interest in the IMF, in launching

its own cryptocurrency, after the previous comments on the prospective advantages for countries with weak nationwide currencies.As the cryptocurrency markets experienced a rather unstable start of the new year, banks and financial organizations started to deal with regulating cryptocurrencies more and more seriously. On the other hand, the joint hearing of Future Product Futures Commissions (CFTC)and Securities and Exchange Commission (SEC ), on February 6, offered

the impression that the future policies need to value the cryptocurrency sector instead of crush it.Let’s now take a look at the Bitcoin technical picture at the H4 amount of time. The marketplace has tested the level of $10,000 (round mental number) as well as gone a little bit higher towards the level of $10,239 before starting to check the level of $10,000 from below. In a case of a further relocation higher, the next technical resistance is seen at the level of$11,896(weekly pivot resistance is seen at the level of $10,998 ). On the other hand, the next assistance is seen at the level of$9,146.< img width ="450"src ="http://qkfx.com/wp-content/uploads/2018/02/bitcoin-analysis-for-16-02-2018.jpg"alt =" analytics5a869713b61f5.jpg"/ > The product has actually been supplied by InstaForex Business -www.instaforex.com

ARGENTINA: Merval Rises 1.53% With Quarterly Results And Indicators

By | February 16, 2018

Merval, the primary index of the Buenos Aires Stock Exchange, increased 1.53%, closing at 32,036.37 points Thursday amid great quarterly outcomes and inflation information in Argentina.

The Argentinean Consumer Price Index increased by 1.8% in January 2018, said the nation’s statistics workplace. In spite of the deceleration, the reading was higher than market expectations for the regular monthly consumer rate inflation (+1.5%).

Analysts kept in mind that it appears hassle-free to benefit from the entry points in the market share left by the recent correction in the Merval.

Meanwhile, the Argentinean President Mauricio Macri got the CEO of the Telecom Argentina group, Carlos Moltini, who revealed that the company would launch a financial investment prepare for US$ 5 billion this year to expand and enhance the telecommunications service. The company’s shares fell 1.08%.

Distribuidora de Gas Cuyana (+5%) reported a net profit of 588 million pesos for its of 2017.

The in your area traded U.S. dollar fell 1.20%, closing at 19.66 Argentinean pesos, with investors unmaking positions to buy regional currency.

“Financiers and business turned around their positions in dollars looking for much better returns on possessions in pesos,” stated Fernando Izzo, an analyst at ABC Mercado de Cambios.

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

BRAZIL: Ibovespa Goes Back Above 84,000 Points With External Scene

By | February 16, 2018

Ibovespa, the benchmark stock index in Brazil, closed greater for the second trading session in a row (+0.90%), at 84,290.57 points Thursday, tracking another positive day abroad in the face reducing worries of a more aggressive rates of interest hike in the United States. The calm domestic scenario also helped the index to recover, with strong gains for Vale and merchant shares.

“It seems that the change of the marketplaces has already occurred and, in spite of some care, financiers are going back to evaluating the situation more logically,” said Rog?rio Freitas, an analyst at Floren?a Investimentos.

Vale’s (+3.17%) shares were one of the positive highlights, reflecting stronger iron ore prices abroad. The sellers’ shares likewise showed strong increases, with those of Magazine Luiza (+5.82%) recording the highest gratitude of the index.

For the next few days, experts at Magliano Corretora say that the market seems to “want to continue recuperating,” although they saw that the stock markets are rebounding fast today, which might still show volatility ahead.

The locally traded U.S. dollar closed greater against the Brazilian genuine, correcting yesterday’s strong decline. As an outcome, the greenback increased 0.24%, quoted at R$ 3.236.

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