Category Archives: Quick Forex

Technical analysis of USD/JPY for July 28, 2017 888011000 110888 USD/JPY is expected to trade with a bullish outlook. The set is trading below its decreasing 50-period and 20-period moving averages, which play resistance functions and maintain the advantage bias. The relative strength index is combined with a bearish predisposition. The upward potential is most likely to be limited by the resistanceat 111.40. As long as this crucial level is not surpassed, look for an additional decline to 110.80 and even to 110.50 in extension. If the price relocations in the opposite direction, a long position is advised above 111.40 with a target at 111.70. Chart Explanation: The black line shows the pivot point. The existing cost above the pivot point suggests 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 line suggeststhe resistance level. These levels can be utilized to exit and get in trades.Strategy: SELL, Stop Loss: 111.40 , Take Revenue: 111.95 Resistance levels: 110.80, 110.0, and 109.45 Support Levels: 111.70, 111.95, 112.35 The product has been supplied by InstaForex Business -www.instaforex.com

By | July 28, 2017

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USD/JPY is expected to trade with a bullish outlook. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the upside bias. The relative strength index is mixed with a bearish bias. The upward potential is likely to be limited by the resistance at 111.40.

Therefore, as long as this key level is not surpassed, look for a further decline to 110.80 and even to 110.50 in extension.

Alternatively, if the price moves in the opposite direction, a long position is recommended above 111.40 with a target at 111.70.

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: 111.40, Take Profit: 111.95

Resistance levels: 110.80, 110.0, and 109.45 Support Levels: 111.70, 111.95, 112.35

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

NZD/USD Intraday technical levels and trading recommendations for July 28, 2017 888011000 110888 Daily Outlook The NZD/USD set has been trending up within the depicted bullish channel because January 2016. In November 2016, early signs of bullish weak point were expressed on the chart when the set cannot record a new high above 0.7400. A bearish breakout of the lower limit of thechannel took place in December 2016. In February 2017, the depicted short-term sag was initiated in the depicted supply zone(0.7310-0.7380).A current bullish breakout above the sag line took place in May 22. Since then, the marketplace has actually been bullish as depicted on the chart.The price zone of 0.7150-0.7230 (SUPPLY ZONE in confluence with 61.8%Fibonacci level )stood as a temporary resistance zone till a bullish breakout was expressed above 0.7230. This resulted in a quick bullish advance to the next supply zone around 0.7310-0.7380 which is momentarily breached to the upside.Now the cost zone of 0.7310-0.7380 turns to be a newly-established demand-zone to be looked for possible bullish rejection and a possible BUY entry if any bearish pullback occurs.The product has been supplied by InstaForex Business-www.instaforex.com

By | July 28, 2017

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Daily Outlook

The NZD/USD pair has been trending up within the depicted bullish channel since January 2016.

In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400.

A bearish breakout of the lower limit of the channel took place in December 2016.

In February 2017, the depicted short-term downtrend was initiated in the depicted supply zone (0.7310-0.7380).

However, a recent bullish breakout above the downtrend line took place in May 22. Since then, the market has been bullish as depicted on the chart.

The price zone of 0.7150-0.7230 (SUPPLY ZONE in confluence with 61.8% Fibonacci level) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 which is temporarily breached to the upside.

Now the price zone of 0.7310-0.7380 turns to be a newly-established demand-zone to be watched for possible bullish rejection and a possible BUY entry if any bearish pullback occurs.

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

Technical analysis of USD/CHF for July 28, 2017 888011000 110888 Our targets which we predicted in The other day’s analysis has actually been hit. The set broke above its key resistance at 0.9595(the high of July 26 ), which isconcerning the essential support now. Both increasing 20-period and 50-period moving averages are preserving upside bias.The U.S. dollar pared losses seen in Asian trading hours and enhanced even more versus other major currencies, lifted by positive U.S. economic information. The Commerce Department reported that durable goods orders grew 6.5% on month in June, the quickest speed in nearly 3 years and surpassing +3.8%anticipated. The ICE Dollar Index sank to a 13-month intraday low of 93.15 before closing at 93.86, up 0.2%on the day. To conclude, as long as 0.9620 is not broken, a more increase to 0.9745 as well as to 0.9800 appears more likely to happen. Chart Explanation: The black line shows the pivot point; today cost above pivot point shows the bullish position and below pivot points indicates the brief position. The red lines reveal the assistance levels and the green line shows the resistance levels. These levels can be used to exit and get in trades.Strategy: BUY, Stop Loss: 0.9620, Take Profit: 0.9745 Resistance levels: 0.9745,0.9800, and 0.9835 Support levels: 0.9560, 0.9530, and 0.9475 The product has actually been supplied by InstaForex Company – www.instaforex.com

By | July 28, 2017

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Our targets which we predicted in Yesterday’s analysis has been hit. The pair broke above its key resistance at 0.9595 (the high of July 26), which is coming to the key support now. Both rising 20-period and 50-period moving averages are maintaining upside bias.

The U.S. dollar pared losses seen in Asian trading hours and strengthened further against other major currencies, lifted by upbeat U.S. economic data. The Commerce Department reported that durable goods orders grew 6.5% on month in June, the quickest pace in nearly three years and exceeding +3.8% expected. The ICE Dollar Index sank to a 13-month intraday low of 93.15 before closing at 93.86, up 0.2% on the day.

To conclude, as long as 0.9620 is not broken, a further rise to 0.9745 and even to 0.9800 seems more likely to occur.

Chart Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicates the 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: 0.9620, Take Profit: 0.9745

Resistance levels: 0.9745, 0.9800, and 0.9835

Support levels: 0.9560, 0.9530, and 0.9475

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

Technical analysis of GBP/JPY for July 28, 2017 888011000 110888 GBP/JPY is anticipated to trade with a bullish outlook. The set broke above its 20-period and 50-period moving averages and sped up on the upside. The relative strength index is bullish above its neutrality level at 50 and does not have downward momentum. The rising 20-period moving typical crossed above the 50-period one, which is positive and is playing a support role. As long as 145.20 holds on the disadvantage, try to find a more benefit towards 146.25 as well as 146.60 in extension. Additionally, if the cost relocationsin the opposite instructions as predicted, a short position is suggested below 145.20 with the target at 144.60. Technique: PURCHASE, Stop Loss: 145.20, Take Profit: 146.25. Chart Description: the black line reveals the pivot point. The cost above pivot point indicates the bullish position and when it is listed below pivot points, it shows a brief position. The red lines reveal the support levels and the green lineindicates the resistance levels. These levels canbe used to exit and get in trades.Resistance levels: 146.25, 146.60, and 147.45 Support levels: 144.60, 144.35, and 143.75. The material has been supplied by InstaForex Business-www.instaforex.com

By | July 28, 2017

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GBP/JPY is expected to trade with a bullish outlook. The pair broke above its 20-period and 50-period moving averages and accelerated on the upside. The relative strength index is bullish above its neutrality level at 50 and lacks downward momentum. The rising 20-period moving average crossed above the 50-period one, which is positive and is playing a support role.

As long as 145.20 holds on the downside, look for a further upside towards 146.25 and even 146.60 in extension.

Alternatively, if the price moves in the opposite direction as predicted, a short position is recommended below 145.20 with the target at 144.60.

Strategy: BUY, Stop Loss: 145.20, Take Profit: 146.25.

Chart Explanation: the black line shows the pivot point. The price above pivot point indicates the bullish position and when it is below pivot points, it 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.

Resistance levels: 146.25, 146.60, and 147.45

Support levels: 144.60, 144.35, and 143.75.

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

Technical analysis of NZD/USD for July 28, 2017 888011000 110888 NZD/USD is under pressure. Although the set broke above the 20-period moving average, it is still trading below its declining 50-period moving averages, which plays a resistance function. The relative strength index is listed below its neutrality level at 50. Even though an extension of the technical rebound can not be eliminated, its degree ought to be limited. Below 0.7520, anticipate a brand-new drop to 0.7410and even to 0.7370 in extension. Method: SELL Stop Loss: 0.7410 Take Profit: 0.7370 Chart Explanation: The black line reveals the pivot point. Presently, the rate is above the pivot point which indicates the bullish position. It will suggest the brief position if it stays below the pivot point. The red lines reveal the assistance levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.Resistance levels: 0.7560, 0.7590, and 0.7630 Support levels: 0.7410, 0.7370, and 0.7335 The product has actually been provided by InstaForex Company -www.instaforex.com

By | July 28, 2017

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NZD/USD is under pressure. Although the pair broke above the 20-period moving average, it is still trading below its declining 50-period moving averages, which plays a resistance role. The relative strength index is below its neutrality level at 50. Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Hence, below 0.7520, expect a new drop to 0.7410 and even to 0.7370 in extension.

Strategy: SELL Stop Loss: 0.7410 Take Profit: 0.7370

Chart Explanation:

The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it remains below the pivot point, it will indicate the 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.

Resistance levels: 0.7560, 0.7590, and 0.7630

Support levels: 0.7410, 0.7370, and 0.7335

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

EUR/CHF analysis for July 28, 2017 888011000 110888 Just recently, the EUR/CHF has actually been trading upwards. The cost checked the level of 1.1379. According to the 15M time frame, I discovered broken intraday flat base, which is an indication that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator revealing an oversold condition, which is an indication that purchasing looks good at thislevel. Look forpossible purchasing chances. Theintraday targetis set at theprice of 1.1425. Resistance levels: R1: 1.1313 R2: 1.1360 R3: 1.1444 Assistance levels:S1: 1.1180 S2: 1.1100 S3: 1.1050 Trading suggestions for today: look for potential buying opportunities.The product has been provided by InstaForex Business-www.instaforex.com

By | July 28, 2017

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Recently, the EUR/CHF has been trading upwards. The price tested the level of 1.1379. According to the 15M time frame, I found broken intraday flat base, which is a sign that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator showing an oversold condition, which is a sign that buying looks good at this level. Watch for potential buying opportunities. The intraday target is set at the price of 1.1425.

Resistance levels:

R1: 1.1313

R2: 1.1360

R3: 1.1444

Support levels:

S1: 1.1180

S2: 1.1100

S3: 1.1050

Trading recommendations for today: watch for potential buying opportunities.

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

GBP/USD analysis for July 28, 2017 888011000 110888 Just recently, the GBP/USD has been trading downwards. The price evaluated the level of 1.3051. Inning accordance with the 30m timespan, I discovered a potential bearish flag in development. There is likewise a surprise bearish divergence on the moving average oscilator. My guidance is to look for prospective selling chances. The downward targets are set at therate of 1.3053 and 1.3010. Resistance levels: R1: 1.3135 R2: 1.3200 R3: 1.3240 Assistance levels: S1: 1.3030 S2: 1.2990 S3: 1.2920 Trading suggestions for today: expect potential selling opportunities.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | July 28, 2017

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Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3051. According to the 30m time frame, I found a potential bearish flag in creation. There is also a hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3053 and 1.3010.

Resistance levels:

R1: 1.3135

R2: 1.3200

R3: 1.3240

Support levels:

S1: 1.3030

S2: 1.2990

S3: 1.2920

Trading recommendations for today: watch for potential selling opportunities.

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

Basic Analysis of USD/CHF for July 28, 2017 888011000 110888 USD/CHF has been quite impulsively bullish just recently as the CHF had a series of bad economic reports in contrast to USD. After a long streak of bearish pressure in the set currently, some bullish pressure is observed which is anticipated to be a great counter transfer to turn the set around. Today CHF KOF Economic Barometer report was released with an increased figure at 106.8 from the previous figure of 105.8 which was expected to increase to 105.9. Regardless of the better than anticipated result in the economic report today CHF might have an impact over USD which signals extreme weak point of CHF in the current situation. On the USD side, today Advance GDP report is going to be released which is anticipated to increase to 2.5% from the previous value of 1.4%, Advance GDP Cost Index is anticipated to decrease to 1.3% from the previous worth of 1.9%, Work Expense Index is expected to reduce to 0.6% from the previous value of 0.8% and Revised UoM Consumer Belief is anticipated to have a slight boost to 93.2 from the previous value of 93.1. FOMC Member Kashkari is about to speak today about nation’s key interest rates and future monetary policies which are anticipated to be hawkish in nature. To summarize, USD is currently quite stronger than CHF regardless of the unchanged interest rates discussed in FOMC conference today and blended economic reports. As of the existing circumstance, USD is expected to be gain even more over CHF in the coming days.Now let uslook at the technical view, the rate has actually been quite impulsively bullish after breaking above the 0.9950 after the incorrect bearish break listed below the level. As the price has actually also broken above the vibrant level of 20 EMA the price is expected to be bullish with a target towards 0.9800 resistance level in the coming days. The product has been supplied by InstaForex Business-www.instaforex.com

By | July 28, 2017

USD/CHF has been quite impulsively bullish recently as the CHF had a series of bad economic reports in comparison to USD. After a long streak of bearish pressure in the pair currently, some bullish pressure is observed which is expected to be a good counter move to turn the pair around. Today CHF KOF Economic Barometer report was published with an increased figure at 106.8 from the previous figure of 105.8 which was expected to increase to 105.9. Despite the better than expected result in the economic report today CHF could have an impact over USD which signals severe weakness of CHF in the current scenario. On the USD side, today Advance GDP report is going to be published which is expected to increase to 2.5% from the previous value of 1.4%, Advance GDP Price Index is expected to decrease to 1.3% from the previous value of 1.9%, Employment Cost Index is expected to decrease to 0.6% from the previous value of 0.8% and Revised UoM Consumer Sentiment is expected to have a slight increase to 93.2 from the previous value of 93.1. Moreover, FOMC Member Kashkari is about to speak today about nation’s key interest rates and future monetary policies which are expected to be hawkish in nature. To sum up, USD is currently quite stronger than CHF despite the unchanged interest rates discussed in FOMC meeting this week and mixed economic reports. As of the current scenario, USD is expected to be gain further over CHF in the coming days.

Now let us look at the technical view, the price has been quite impulsively bullish after breaking above the 0.9950 after the false bearish break below the level. As the price has also broken above the dynamic level of 20 EMA the price is expected to be bullish with a target towards 0.9800 resistance level in the coming days.

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