Category Archives: Quick Forex

Technical analysis of USD/CHF for April 18, 2018 888011000 110888 All our benefit targets which we forecasted in the other day’s analysis have actually been struck. USD/CHF is anticipated to advance further. The set is hanging on the upside after the other day’s upward acceleration. Both increasing 20-period and 50-period moving averages preserve the bullish predisposition. The relative strength index is bullish and calls for a new upleg. To conclude, above 0.9635, try to find an additional advance with targets at 0.9715 and 0.9750 in extension. Chart Description: 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 suggests a short position. The red lines reveal the assistancelevels, and the green line suggests the resistance levels. These levels can be used to leave and go into trades.Strategy: BUY, stop loss at 0.9635, take profit at 0.9715.Resistance levels: 0.9715, 0.9750, and 0.9790 Support levels : 0.9605, 0.9575, and 0.9545. The product has been supplied by InstaForex Business-www.instaforex.com

By | April 18, 2018

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All our upside targets which we predicted in yesterday’s analysis have been hit. USD/CHF is expected to advance further. The pair is holding on the upside after yesterday’s upward acceleration. Both rising 20-period and 50-period moving averages maintain the bullish bias. The relative strength index is bullish and calls for a new upleg. To conclude, above 0.9635, look for a further advance with targets at 0.9715 and 0.9750 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: BUY, stop loss at 0.9635, take profit at 0.9715.

Resistance levels: 0.9715, 0.9750, and 0.9790

Support levels: 0.9605, 0.9575, and 0.9545.

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

Global macro summary for 18/04/2018

By | April 18, 2018

The March inflation reading from the UK falls listed below projections. The CPI fell to 2.5%from 2.7 %a month back and it’s been the most affordable level for a year. Core inflation also dropped to 2.3%. from 2.4%, while the marketplace agreement assumed 2.7% and 2.5%. Clothes rates were lower than typical at this time of the year. One can likewise see the effect of one-off factors in the scope of changes in taxes on alcohol and tobacco products. The figures are a disappointment and a blow to the optimism that the pound has actually enjoyed in the current days, because it weakens expectations for the Bank of England interest rate hike in May (although it is not yet canceled).

Let’s now have a look at the GBP/USD technical image at the H4 amount of time. The marketplace fell dramatically listed below the golden trend line assistance after the level of 1.4279 was violated. The cost broke through the assistance at the levels 1.4247 and 1.4223 therefore far stopped at the 50% Fibo retracement at the level of 1.4170. The momentum clearly indicates the drawback and the stochastic oscillator is coming down from the overbought conditions as well, which might show more drops to the level of 1.4143 and 1.4120.

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

Bitcoin analysis for April 18, 2018 888011000 110888 Bitcoin( BTC)has been trading sideways at the cost of$8.875. On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency costs she helped frame. The proposed costs intend to present a harsher charge to bad guys who utilize cryptocurrencies during prohibited activities. The technical image looks bullish.Trading recommendations: According to the H4 time– frame, I found a broken falling wedge and flat base in the background, which is a sign that buyers are in control. I also found an unsuccessful head and shoulders pattern, whichis another sigh of strength. My suggestions is to look for prospective purchasing opportunties. The upward target is set at the rate of$ 8.875. Support/Resistance$8.100– Intraday resistance $7.730– Intraday assistance$8.875– Unbiased target With InstaForex you can make on cryptocurrency’s motions today. Simply open a handle your MetaTrader4.The materialhas actually been offered by InstaForex Company-www.instaforex.com

By | April 18, 2018

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Bitcoin (BTC) has been trading sideways at the price of $8.875. On Monday April 16, the Philippines opposition senator Leila M. de Lima asked her fellow bureaucrats to push the passage of the cryptocurrency bills she helped frame. The proposed bills aim to introduce a harsher penalty towards criminals who use cryptocurrencies during illegal activities. The technical picture looks bullish.

Trading recommendations:

According to the H4 time – frame, I found a broken falling wedge and flat base in the background, which is a sign that buyers are in control. I also found a failed head and shoulders pattern, which is another sigh of strength. My advice is to watch for potential buying opportunties. The upward target is set at the price of $8.875.

Support/Resistance

$8.100 – Intraday resistance

$7.730– Intraday support

$8.875– Objective target

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

Analysis of Gold for April 18, 2018 888011000 110888 Just recently, Gold has been trading sideways at the rate of $ 1,345.25. Inning accordance with the M30 time– frame, I discovered that price is appreciating supply trendline, which is a sign that sellers are active. I likewise found a rounding top pattern, which is another sign of weakness. My recommendations is to expect prospective selling chances as long that price stays listed below the supply trendline. The down targetsare set at the priceof $1,337.50and at the cost fo$ 1,333.20. Resistance levels: R1:$1,351.90 R2:$1,356.50 R3:$1,363.62 Support levels: S1:$1,340.16 S2: $1,333.05 S3:$1,328.45 Trading suggestions for today: watch for potential selling opportunities.The material has been offered by InstaForex Business-www.instaforex.com

By | April 18, 2018

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Recently, Gold has been trading sideways at the price of $1,345.25. According to the M30 time – frame, I found that price is respecting supply trendline, which is a sign that sellers are active. I also found a rounding top pattern, which is another sign of weakness. My advice is to watch for potential selling opportunities as long that price remains below the supply trendline. The downward targets are set at the price of $1,337.50 and at the price fo $1,333.20.

Resistance levels:

R1: $1,351.90

R2: $1,356.50

R3: $1,363.62

Support levels:

S1: $1,340.16

S2: $1,333.05

S3: $1,328.45

Trading recommendations for today: watch for potential selling opportunities.

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

Elliott wave analysis of EUR/JPY for April 18, 2018 888011000 110888 EUR/JPY has to break clearly listed below minor assistance at 132.09 to confirm that wave B has actually completed, and wave C is developing. We do expect the peak at 132.97 will continue to top the upside for a break listed below 132.09 validating that wave C lower is establishing. The perfect long-lasting targetfor the continuous(E)wave is seen near 123.43 . R3: 133.39 R2: 132.97 R1: 132.78 Pivot : 132.09 S1: 131.75 S2: 131.35 S3: 130.64 Trading suggestion: We will offer a break listed below 132.28. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | April 18, 2018

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EUR/JPY needs to break clearly below minor support at 132.09 to confirm that wave B has completed, and wave C is developing.

We do expect the peak at 132.97 will continue to cap the upside for a break below 132.09 confirming that wave C lower is developing.

The ideal long-term target for the ongoing (E) wave is seen near 123.43.

R3: 133.39

R2: 132.97

R1: 132.78

Pivot: 132.09

S1: 131.75

S2: 131.35

S3: 130.64

Trading recommendation:

We will sell a break below 132.28.

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

AUD/USD Made A Bullish Exit From Its Coming Down Resistance Line, Remain Bullish

By | April 18, 2018

AUD/USD broke out of its descending resistance line where we seek to purchase on weakness at 0.7746 (38.2%Fibonacci retracement, horizontal overlap assistance)where we anticipate rates to rise to its resistance at 0.7845( 76.4 % Fibonacci retracement, 100 % Fibonacci extension).

RSI (89) reveals a corresponding break out where we expect to see a comparable drop.

Purchase above 0.7746. Stop loss at 0.7708. Take revenue at 0.7845.

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

AUD/JPY Broke Out Of Its Ascending Support, Remain Bearish

By | April 18, 2018

AUD/JPY broke out of its ascending support where we aim to sell on strength at 83.311(23.6 % Fibonacci retracement, horizontal overlap resistance). We anticipate rates to push down all the way to its assistance at 82.652.

RSI (89) shows a matching break out where we anticipate to see a similar drop.

Sell below 83.311. Stop loss at 83.659. Take profit at 82.652.

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

BITCOIN Analysis for April 17, 2018 888011000 110888 Bitcoin has actually been rather impulsive with the bearish gains just recently, which engulfed the previous bullish everyday candle easily. Today bears appeared absent in the process, whereas bulls tried to maintain their ground. The rate has gotten over 20% just recently, which was rather amazing and which likewise discusses the possibilities of more bullish pressure for the coming days. The total crypto market is looking pretty well with the recovery, where the flagship bitcoin is proceeding much faster in comparison. Since the present situation, the price is expected to press greater without any deeper pullback if today’s daily close stays strong with bullish pressure. As the cost remains above $7,000 with daily close, additional spontaneous bullish pressure is anticipated for the future. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | April 17, 2018

Bitcoin has been quite impulsive with the bearish gains recently, which engulfed the previous bullish daily candle easily. However, today bears seemed absent in the process, whereas bulls tried to retain their ground. The price has gained over 20% recently, which was quite remarkable and which also explains the possibilities of further bullish pressure for the coming days. The overall crypto market is looking pretty well with the recovery, where the flagship bitcoin is proceeding faster in comparison. As of the current scenario, the price is expected to push higher without any deeper pullback if today’s daily close remains strong with bullish pressure. As the price remains above $7,000 with daily close, further impulsive bullish pressure is expected for the future.

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

Technical analysis of USD/JPY for April 17, 2018 888011000 110888 USD/JPY is expected to trade with a bearish outlook. The set is trading within a bearish channel drawn from last Friday(April 13). It is currently testing the crucial level of 107.00 on the drawback, as the 20-period and 50-period moving averages are severely oriented.The relative strength index stays subdued in the 30s, recommending an absence of upward momentum for the set. Below 107.40, the next assistance (downside target )at 106.80 would enter sight.Chart Description: The black line reveals the pivot point. The present cost above the pivot point shows a bullish position, and the cost below thepivot point shows a brief position. Thered lines reveal the support levels, and the green line indicates the resistance levels. These levels can be utilized to go into and leave trades.Strategy: SELL, stop loss at 107.40, take earnings at 106.80. Resistance levels: 107.60, 107.80, and 108.20 Assistance levels: 106.80, 106.60, and 106.20. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | April 17, 2018

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USD/JPY is expected to trade with a bearish outlook. The pair is trading within a bearish channel drawn from last Friday (April 13). It is currently testing the key level of 107.00 on the downside, as the 20-period and 50-period moving averages are badly oriented. The relative strength index remains subdued in the 30s, suggesting a lack of upward momentum for the pair. Below 107.40, the next support (downside target) at 106.80 would come into sight.

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 107.40, take profit at 106.80.

Resistance levels: 107.60, 107.80, and 108.20

Support levels: 106.80, 106.60, and 106.20.

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

Day-to-day analysis of Gold for April 17, 2018 888011000 110888 Summary Gold rate is trading with a small bearish predisposition, affected by stochastic negativeness, however the EMA50 is still offering favorable support for the rate as long as the cost is above 1,335.40. Our bullish pattern expectations will remain active, waiting for testing 1,365.97 as an initial station. Let me advise you that breaching this level will extend gold gains to reach 1,400.00 as an initial main station. The expected trading range for today is between 1,335.00 support and 1,370.00 resistance.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | April 17, 2018

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Overview

Gold price is trading with a slight bearish bias, affected by stochastic negativity, but the EMA50 is still providing positive support for the price as long as the price is above 1,335.40. So, our bullish trend expectations will remain active, waiting for testing 1,365.97 as an initial station. Let me remind you that breaching this level will extend gold gains to reach 1,400.00 as an initial main station. The expected trading range for today is between 1,335.00 support and 1,370.00 resistance.

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