Category Archives: Quick Forex

Technical analysis of USD/JPY for November 29, 2016 888011000 110888 USD/JPY is anticipated to trade with bullish bias above 111.30. The pair pulled back to check its closest assistance at 111.30, which is expected to permit a momentary stabilization. Even though an extension of the debt consolidation can not be eliminated, its level needs to be restricted. U.S. government bonds firmed up, sending out the benchmark 10-year U.S. Treasury yield down to 2.319% from 2.359 %Friday.Taking advantage of a weaker U.S. dollar, gold gained 0.8%to$1,192 an ounce and silver was up 0.8 %to $16.63 an ounce.The U.S. dollar got deeper into its consolidation stage. The ICE U.S. Dollar Index sank to a session-low of 100.64, the most affordable intraday level given that November 17, beforesettling at 101.18, down 0.3 % on day.As long as 111.30 holds as an essential assistance, the set is most likely to advance towards 112.75 at first. Trading Suggestion: The set is trading above its pivot point. It is likely to trade in a larger variety as long as it remains above its pivot point. Long positions are advised with the very first target at 112.75 and the second one at 113.25. In the option circumstance, brief positions are advised with the very first target at 110.75 if the rate relocations below its pivot point. A break of this target is likely to press the pair additional downwards, and one may expect the second target at 110.25. The pivot point lies at 111.30. Resistance levels: 112.75, 113.25, 113.90Assistance levels: 110.75, 110.25, 110The material has been supplied by InstaForex Company – www.instaforex.com

By | November 29, 2016

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USD/JPY is expected to trade with bullish bias above 111.30. The pair pulled back to test its nearest support at 111.30, which is expected to allow for a temporary stabilization. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

U.S. government bonds firmed up, sending the benchmark 10-year U.S. Treasury yield down to 2.319% from 2.359% Friday.

Taking advantage of a weaker U.S. dollar, gold gained 0.8% to $1,192 an ounce and silver was up 0.8% to $16.63 an ounce.

The U.S. dollar got deeper into its consolidation phase. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3% on day.

As long as 111.30 holds as a key support, the pair is more likely to advance toward 112.75 at first.

Trading Recommendation: The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 112.75 and the second one at 113.25. In the alternative scenario, short positions are recommended with the first target at 110.75 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 110.25. The pivot point lies at 111.30.

Resistance levels: 112.75, 113.25, 113.90

Support levels: 110.75, 110.25, 110

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

Technical analysis of USD/CHF for November 29, 2016 888011000 110888 USD/CHF is anticipated to rebound. The set broke below its 20-period moving typical but is still trading above the 50-period one. The relative strength index is around its neutrality level at 50 and does not have down momentum. In addition, 1.0100 is playing a key support role, which ought to limit the drawback potential.The U.S. dollar got much deeper into its consolidation stage. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3%on day.As long as this key level is not broken, look for a technical rebound toward 1.0190. A break above this level would require a further upside towards 1.0220. Resistance levels: 1.0190, 1.0220, 1.0250 Support levels: 1.0070, 1.0040, 1.0010 The material has actually been provided by InstaForex Company- www.instaforex.com

By | November 29, 2016

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USD/CHF is expected to rebound. The pair broke below its 20-period moving average but is still trading above the 50-period one. The relative strength index is around its neutrality level at 50 and lacks downward momentum. Additionally, 1.0100 is playing a key support role, which should limit the downside potential.The U.S. dollar got deeper into its consolidation phase. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3% on day.

As long as this key level is not broken, look for a technical rebound toward 1.0190. A break above this level would call for a further upside toward 1.0220.

Resistance levels: 1.0190, 1.0220, 1.0250

Support levels: 1.0070, 1.0040, 1.0010

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

Technical analysis of NZD/USD for November 29, 2016 888011000 110888 NZD/USD is anticipated to dominates its advantage motion. The set is trading above its rising 20-period and 50-period moving averages, which play support roles and keep the advantage predisposition. The relative strength index is above its neutrality level at 50 and lacks down momentum. Additionally, 0.7050 (Nov 28 bottom)is playing a crucial assistance function, which need to limitthe downside potential. As long as this essential level is not broken, search for a further upside toward 0.7100 and even 0.7130 in extension.The set is trading above its pivot point. It is likely to sell a broader range as long as it stays above its pivot point. Long positions are recommended with the first target at 0.7110 and the 2nd one at 0.7130. In the alternative circumstance, brief positions are recommended with the very first target at 0.7030 if the cost moves listed below its pivot point. A break of this target is most likely to push the set further downwards,and one might expect the 2nd target at 0.7010. The pivot point lies at 0.7050. Resistance levels: 0.7100, 0.7130, 0.7170 Support levels: 0.6950, 0.6920, 0.6885 The material has actually been offered by InstaForex Company- www.instaforex.com

By | November 29, 2016

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NZD/USD is expected to prevails its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum. Additionally, 0.7050 (Nov 28 bottom) is playing a key support role, which should limit the downside potential. As long as this key level is not broken, look for a further upside toward 0.7100 and even 0.7130 in extension.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7110 and the second one at 0.7130. In the alternative scenario, short positions are recommended with the first target at 0.7030 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.7010. The pivot point lies at 0.7050.

Resistance levels: 0.7100, 0.7130, 0.7170

Support levels: 0.6950, 0.6920, 0.6885

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

Oecd Lowers S. KoreaâEUR ™ s 2017 Development Forecast to 2.6 Pct on Slower Government Spending

By | November 28, 2016

The Company for Economic Cooperation and Advancement (OECD) on Monday reduced South Korea'' s 2017 development forecast to 2.6 percent from an earlier forecast of 3 percent. The current projection is lower than that of the International Monetary Fund (IMF) and Bank of Korea (BoK) at 3 percent and 2.8 percent respectively.

OECD required more expansionary macroeconomic policies from the Korean federal government to push structural reforms. It noted that South Korea'' s economy will a little recuperate its development momentum in 2018 with 3 percent growth.

“& ldquo; Issues about quickly increasing household financial obligation suggest fiscal policy might now be much better put to take a few of the problem. The scheduled budget plan combination in 2017 will limit growth,” & rdquo; the OECD said in the report on Korea

. The OECD noted that Korea has enough room to increase federal government spending in the near term on the back of ongoing government surpluses and low public debt at around 45 percent of gross domestic product (GDP).

The OECD anticipates Korea’& rsquo; s inflation to edge closer to the reserve bank’& rsquo; s 2 percent target, in 2018. OECD projections inflation to rise from 0.9 percent in 2016 to 1.8 percent in 2018. It said that the nation'' s bank account surplus in percentage to GDP will decline from 7.1 percent in 2016 to 6.5 percent in 2018.

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

Everyday analysis of USD/JPY for November 28, 2016 888011000 110888 Summary The USDJPY pair effectively touched the waited for target in our last report at 112.05 and broke this level strongly by today’s opening and settled below it now. Therefore the bearish wave is likely to be extended on the intraday and short-term basis, and the price is going to head towards 110.90 as the next main station. For that reason, we anticipate more bearish bias in the upcoming sessions unless the cost managed to breach and hold above 112.60 levels. A break of 110.90 levels will extend the bearish wave to 109.05 on the near-term basis. The anticipated trading variety for today is in between the 110.60 support and the 112.60 resistance. The product has been offered by InstaForex Company- www.instaforex.com

By | November 28, 2016

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Overview

The USDJPY pair successfully touched the awaited target in our last report at 112.05 and broke this level strongly by today’s opening and settled below it now. Thus the bearish wave is likely to be extended on the intraday and short-term basis, and the price is going to head towards 110.90 as the next main station. Therefore, we expect more bearish bias in the upcoming sessions unless the price managed to breach and hold above 112.60 levels. A break of 110.90 levels will extend the bearish wave to 109.05 on the near-term basis. The expected trading range for today is between the 110.60 support and the 112.60 resistance.

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

Everyday analysis of Gold for November 28, 2016 888011000 110888 Summary The gold price begins today with more positivity evaluating the small resistance 1,197.00, which represents the previously broken assistance line shown on the chart. A breach of this level will reinforce our expectations of bullish pattern extension in the upcoming sessions and will make the price head to our very first main target at 1,211.31. In basic, we still expect the bullish pattern on the intraday basis as long as the 1,172.68 level remains intact. A breach of the 1,211.31 level will press the price towards 1,249.94, while a break of 1,172.68 will press the price to 1,124.88 before any brand-new attempt to increase. The expected trading range for today is in between the 1,180.00 assistance and the 1,211.31 resistance. The product has been provided by InstaForex Business- www.instaforex.com

By | November 28, 2016

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Overview

The gold price starts this week with more positivity testing the minor resistance 1,197.00, which represents the previously broken support line shown on the chart. A breach of this level will reinforce our expectations of bullish trend continuation in the upcoming sessions and will make the price head towards our first main target at 1,211.31. In general, we still expect the bullish trend on the intraday basis as long as the 1,172.68 level remains intact. A breach of the 1,211.31 level will push the price towards 1,249.94, while a break of 1,172.68 will push the price to 1,124.88 before any new attempt to rise. The expected trading range for today is between the 1,180.00 support and the 1,211.31 resistance.

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