Category Archives: Quick Forex

Day-to-day analysis of Silver for May 19, 2017 888011000 110888 Introduction The silver cost trades upwards and starts testing 16.80 levels. Stochastic offers a positive signal that supports the opportunities for the continuation of the bullish pattern in the upcoming sessions, therefore keeping the favorable scenario active for the remainder of the day. Our next main target is at 17.43, while its achievement is conditioned by holding above 16.56 levels.The anticipated trading variety for today is between the 16.50 support and the 17.00 resistance.The material has been provided by InstaForex Business-www.instaforex.com

By | May 19, 2017

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Overview

The silver price trades upwards and begins testing 16.80 levels. Stochastic provides a positive signal that supports the chances for the continuation of the bullish trend in the upcoming sessions, thus keeping the positive scenario active for the rest of the day. Our next main target is at 17.43, while its achievement is conditioned by holding above 16.56 levels. The expected trading range for today is between the 16.50 support and the 17.00 resistance.

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

USD/JPY approaching our revenue target, prepare to sell

By | May 19, 2017

Price has bounced up from our purchasing entry perfectly and is on track to our profit target. We prepare to offer listed below significant resistance at 112.08(Fibonacci retracement, horizontal pullback resistance, Elliott wave theory) for a drop towards 110.50 support (Fibonacci extension, horizontal overlap support).

Stochastic (34,5,3) is quick approaching our 93% resistance level where we anticipate a drop from.Sell below

112.08. Stop loss at 112.94. Take earnings at 110.50.

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

USD/CAD screening major resistance, prepare to sell

By | May 19, 2017

Cost is now testing significant resistance at 1.3653(Fibonacci retracement, horizontal overlap resistance )and we expect a response from this level for a more drop to 1.3503 assistance (Fibonacci retracement, Elliott wave theory).

RSI (55,5,3) is seeing long term coming down resistance holding price down really well.Sell listed below

1.3653. Stop loss at 1.3708. Take profit at 1.3503.

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

Analysis of Gold for May 19, 2017 888011000 110888 Recently, Gold has been trading downwards. The price evaluated the level of $1,246.00. According to the 30M time frame, there is a fake breakout of yesterday’s low, which is a sign that sellers lost down pressure. There is likewise a concealed bullish divergence onthe ROC oscilator, which isanother sign ofstrength. Myguidance is to expect purchasing opportunities. The upward target is set atthe price of$1,264.00. Resistance levels: R1: $1,261.90 R2:$1,266.45 R3:$ 1,273.80 Assistance levels: S1:$1,247.00 S2:$ 1,242.00 S3:$1,235.00 Trading suggestions for today: look for possible purchasing opportunities.The material has been provided by InstaForex Company -www.instaforex.com

By | May 19, 2017

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Recently, Gold has been trading downwards. The price tested the level of $1,246.00. According to the 30M time frame, there is a fake breakout of yesterday’s low, which is a sign that sellers lost downward pressure. There is also a hidden bullish divergence on the ROC oscilator, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of $1,264.00.

Resistance levels:

R1: $1,261.90

R2: $1,266.45

R3: $1,273.80

Support levels:

S1: $1,247.00

S2: $1,242.00

S3: $1,235.00

Trading recommendations for today: watch for potential buying opportunities.

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

GBP/USD analysis for May 19, 2017 888011000 110888 Recently, the GBP/USD set has actually been trading upwrads. The rate checked the level of 1.3027. I discovered that price respected a downward diagonal of the expanding wedge. My suggestions is to look for prospective purchasing chances. I have put Fibonacci expansion to discover a potential upward target. I got Fibonacci expansion100%at the rate of 1.3095. Anyway, the first upwardtarget is set at the price of 1.3047(the other day’s high). Resistance levels: R1: 1.3025 R2: 1.3060 R3: 1.3125 Support levels: S1: 1.2900 S2: 1.2860 S3: 1.2800 Trading recommendations for today: expect potential buying opportunities.The product has actually been supplied by InstaForex Business-www.instaforex.com

By | May 19, 2017

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Recently, the GBP/USD pair has been trading upwrads. The price tested the level of 1.3027. I found that price respected a downward diagonal of the expanding wedge. My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find a potential upward target. I got Fibonacci expansion 100% at the price of 1.3095. Anyway, the first upward target is set at the price of 1.3047 (yesterday’s high).

Resistance levels:

R1: 1.3025

R2: 1.3060

R3: 1.3125

Support levels:

S1: 1.2900

S2: 1.2860

S3: 1.2800

Trading recommendations for today: watch for potential buying opportunities.

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

Everyday analysis of major pairs for May 19, 2017 888011000 110888 EUR/USD: This pair went upwards this week, getting 240 pips and moving briefly above the resistance level at 1.1150, before the shallow southward correction that is currently being seen. The bullish outlook on the marketplace stay undamaged– the EMA 11 is above the EMA 56 and the RSI period 14 is above the level 50. Cost is supposed to go more up-wards. USD/CHF: There is a Bearish Verification Pattern on the USD/CHF 4-hour chart. Rate has dropped 220 pips this week, and it has dropped 290 pips since last Friday. A more bearish Since price might just combine for the rest, motion is possible next week ( these days), which would take price towards the support levels at 0.9750 and 0.9700. GBP/USD: This currency trading instrument is neutral in the medium term and bullish in the short-term. The distribution areas at 1.3000 could be evaluated, and a movement above it might result in a bullish bias on the marketplace. Since the EUR/USD is currently bullish, and it is favorably associated with GBP/USD. GBP/USD is anticipated to be pulled upwards soon. The long-lasting predisposition is bullish. USD/JPY: There is a Bearish Confirmation Pattern on the USD/JPY 4-hour chart. Price has actually decreased seriously this week, and the demand levels at 111.00, 110.50, and 111.00 would be evaluated quickly. The demand levels at 111.00 and 110.50 have actually been checked earlier prior to the current shallow rally. EUR/JPY: There is essentially a bearish signal on the EUR/JPY cross. The bearish movement that occurred today has led to short-term bearishness on the chart. A more bearish motion is possible, which could take price to the demand zones at 123.00 and 122.50 today or next week. The material has actually been supplied by InstaForex Company- www.instaforex.com

By | May 19, 2017

EUR/USD: This pair went
upwards this week, gaining 240 pips and moving briefly above the resistance
level at 1.1150, before the shallow southward correction that is currently
being witnessed. The bullish outlook on the market remain intact – the EMA 11
is above the EMA 56 and the RSI period 14 is above the level 50. Price is
supposed to go more upwards.

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USD/CHF: There is a Bearish
Confirmation Pattern on the USD/CHF 4-hour chart. Price has dropped 220 pips
this week, and it has dropped 290 pips since last Friday. A further bearish
movement is possible next week (because price may only consolidate for the rest
of today), which would take price towards the support levels at 0.9750 and
0.9700.

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GBP/USD: This currency trading
instrument is neutral in the medium term and bullish in the short term. The
distribution territories at 1.3000 could be tested, and a movement above it could
result in a bullish bias on the market. Since the EUR/USD is currently bullish,
and it is positively correlated with GBP/USD.GBP/USD is expected to be pulled upwards very soon. The long-term bias is bullish.

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USD/JPY: There is a Bearish Confirmation Pattern on the
USD/JPY 4-hour chart. Price has gone down seriously this week, and the demand
levels at 111.00, 110.50, and 111.00 would be tested soon. The demand levels at
111.00 and 110.50 have been tested earlier prior to the current shallow
rally.

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EUR/JPY: There is essentially a bearish signal on the EUR/JPY cross. The bearish movement that happened this week has resulted in short-term bearishness on the chart. A further bearish movement is possible, which could take price towards the demand zones at 123.00 and 122.50 today or next week.

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

Basic Analysis of NZD/USD for May 19, 2017 888011000 110888 NZD/USD is presently going through an unstable corrective structure. Today, New Zealand launched Visitor Arrivals report which showed an increased figure at 3.5% from 1.9% formerly. Credit Card Costs declined to 6.4% which previously was at 7.2%. On the back of combined data and lack of financial data from the US, today the set is currently trading in the series of 0.6840 to 0.6940. Considering that the other day, USD has been making headway against NZD. So any favorable news on USD side will assist USD to advance more versus NZD.Now let us take a look at the technical chart. The rate is currently in a restorative structure inside a variety between 0.6840 and 0.6940. As the dynamic level of 20 EMA is holding the price as resistance and general trend is bearish, we expect a bearish relocation in the coming days. Unless the variety is breached upward or downward with a day-to-day close, we must avoid taking a decision about an additional price movement in this set. A day-to-day close listed below 0.6840 will open the pathway for a down target towards 0.6660 assistance level. A daily close above 0.6940 will open the pathway for upward move towards 0.7100 resistance level. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | May 19, 2017

NZD/USD is currently going through a volatile corrective structure. Today, New Zealand released Visitor Arrivals report which showed an increased figure at 3.5% from 1.9% previously. Credit Card Spending declined to 6.4% which previously was at 7.2%. On the back of mixed data and lack of economic data from the US, today the pair is currently trading in the range of 0.6840 to 0.6940. Since yesterday, USD has been gaining ground against NZD. So any positive news on USD side will help USD to advance more against NZD.

Now let us look at the technical chart. The price is currently in a corrective structure inside a range between 0.6840 and 0.6940. As the dynamic level of 20 EMA is holding the price as resistance and overall trend is bearish, we expect a bearish move in the coming days. Unless the range is breached upward or downward with a daily close, we should refrain from taking a decision about a further price movement in this pair. A daily close below 0.6840 will open the pathway for a downward target towards 0.6660 support level. Alternatively, a daily close above 0.6940 will open the pathway for upward move towards 0.7100 resistance level.

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

Worldwide macro analysis for 19/05/2017

By | May 19, 2017

Global macro analysis for 19/05/2017: Very good sales information from the UK has actually surprised market individuals. After the last month drop of -1.4%, the Retails Sales With Car Fuel increased 2.3 %for April compared to expectations of an increase of around 1.2 %. On an annual basis, the sales leapt from 2.0% to 4.0%. The primary factor behind the better than expected information was a positive influence on sales from the late Easter this year and excellent climate condition. In spite of this good set of data, it is worth to bear in mind, that the current decrease in genuine incomes for the very first time may restrict the customer costs quickly. The Bank of England has factored this potential reduction into its policy expectations currently, however for now, the instant self-confidence is surging.Let’s now take a look at the GBP/USD technical photo on the H4 timespan. The marketplace has actually broken above the anticipated level of 1.3000 with a high at the level of 1.3047.

The current market conditions are overbought and there is a clear bearish divergence formed in between the rate and the momentum oscillator. To confirm the bearish turnaround, the marketplace must impulsively break out listed below the golden pattern line assistance around the level of 1.2881 and head to the next technical assistance at the level of 1.2828. The product has actually been offered by InstaForex Company-www.instaforex.com