Category Archives: Quick Forex

Bitcoin analysis for 13/07/2018

By | July 13, 2018

United States President Donald Trump has signed an enforcement order by producing a task force that will focus in part on the advancement of standards for investigations into cryptocurrency fraud.The Job Force on Market Integrity and Consumer Fraud, in line with the executive order, will take a broad viewpoint when concentrating on customer fraud. For the cryptographic market, it is worth mentioning the”digital currency fraud “, which is one of numerous locations where the job force”will supply guidance in examining and prosecuting cases including fraud.” It is uncertain exactly what form the guidelines will embrace, however the job

force can eventually provide a kind of report for the Trump administration in this area.The fact that the administration has acted in this direction

is not unexpected. Earlier this year, the US government showed that it is dealing with a detailed cryptocurrency method focusing on market scams. In February, the United States Department of Justice set up a Job Force for Cybersecurity, which likewise includes cryptocurrencies as part of its required. Deputy Attorney General Of The United States Rod Rosenstein said at that time: #Many of these programs involve Bitcoin and other cryptocurrencies that do not

flow through the standard financial system. […] Exactly what we are presently dealing with our Cybercrime Task Force is working on a comprehensive technique that will handle it”. This is an excellent news for all the crypto enthusiasts are we are all

knowledgeable about plenty of crime occurrences in the crypto world like identity theft, wallet phishing, and exchange hacking. The brand-new United States program must assist to resolve and restrict the amount of the occurrence and make all the traders fell a bit more secure.Let’s now take a look at the Bitcoin technical image at the H4 timespan. The market reacted at the weekly pivot support at the level of $6,054 and made a Pin Bar candle two times as the bulls were protecting this level. Currently, the closest technical resistance is seen at the level of$6,334 and the bulls must break through this level if they wish to restore the control over the marketplace. The key technical assistance is seen at the level of$5,742.< img width ="450 "src= "http://qkfx.com/wp-content/uploads/2018/07/bitcoin-analysis-for-13-07-2018.jpg" alt= "analytics5b484a05a7713.jpg

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“/ > The material has actually been supplied by InstaForex Business – www.instaforex.com

Trading plan for 13/07/2018

By | July 13, 2018

Friday starts with a calm, sleepy trade on the financial markets because worries about trade wars are still present, however the lack of escalation inhibits possible panic. GBP/ USD reaches 1.3170 after the Sun post, according to which President Trump thinks that Prime Minister May have actually ignored his guidance and is moving to a soft Brexit, which, nevertheless, decreases the possibilities of rewarding trade handle the United States. The remainder of the FX was relatively calm. EUR/ USD drifts near to 1.1660. USD/ JPY managed to reach 112.75. The greatest is AUD, where healing is fueled by the absence of signs of the escalation of the trade dispute in between the US and China. AUD/ USD is currently over 0.7410.

The Chinese foreign trade information revealed strong surplus development in June to USD 41.6 billion (exp. 27.7 billion; 24.2 billion prior) with a clear downturn in imports (14.1% YoY, vs. 26%). Exports enhanced much better: 11.2%, prog. 9.5%. On the stock exchange, the Japanese Nikkei225 followed the increase on Wall Street on Thursday and today gains 2.1%, but the Shanghai stock exchange can not get rid of fears about the results of trade wars and Shanghai Composite loses 0.4%.

On Friday the 13th of July, the event calendar is light in important data releases, however the worldwide financiers ought to watch on the German Wholesale Cost Index data, Swiss Producer & & Import Prices data and UoM Consumer Belief and UoM Inflation Expectations. There are two speeches set up for today: first from BOE Deputy Governor for Financial Stability Jon Cunliffe and 2nd from FOMC Member Raphael W. Bostic.USD/ CAD analysis for 13/07/2018:

The Bank of Canada offered us a 25bp rate walking yesterday, an useful statement, but at the conference President Poloz struck the doves, highlighting issues about the impact of trade stress. We got an explosive mix that brought a swing in CAD charts. It may spend some time prior to investors lick out the injuries, however at the end, it is necessary that BoC remains in the group of those central banks that continue to tighten their policies. When the dust settles after the trade wars and we return to the appraisal of structures, CAD should gain.Let’s now take a look at the USD/CAD technical image at the H4 amount of time after the rate of interest trek choice was made. The bulls did not manage to break out above the 50% Fibo and the rate gradually reversed after hitting the level of 1.3220. The first technical support at the level of 1.3174 was broken and presently, the rate is trading around the level of 1.3160. The next technical assistance is seen at the level of 1.3111, which is just above the swing low at 1.3066. Please discover the marketplace conditions are overbought and the momentum is barely positive, so the possibilities for much deeper pull-back towards the support level are increasing.

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Technical analysis of Ethereum for July 13, 2018 888011000 110888 At the 4-hour chart, we can see the Ethereum moving in a Bearish bias. Besides the price is now moving listed below the Moving Average 21 period and the slope is pointing down, the rate already made a few Bearish chart patterns, for now, it seems the Ethereum will aim to break out listed below the Rectangle pattern, as long as the Ethereum does not break out and close above the 491.35 the majority of the time it is likely it will continue its previous Bearish predisposition.(Disclaimer)The product has been supplied by InstaForex Business-www.instaforex.com

By | July 13, 2018

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At the 4-hour chart, we can see the Ethereum moving in a Bearish bias. Besides the price is now moving below the Moving Average 21 period and the slope is pointing down, the price already made a few Bearish chart patterns, for now, it seems the Ethereum will try to break out below the Rectangle pattern, as long as the Ethereum does not break out and close above the 491.35 most of the time it is likely it will continue its previous Bearish bias.

(Disclaimer)

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

Technical analysis of NZD/USD for July 13, 2018 888011000 110888 The NZD/USD set at 4-hour charts still moving in a Bearish predisposition. This condition is currently seen by the cost making higher low -lower low and making a few extension Bearish chart patterns such as Bearish Flag, Bearish Pennant Flag and Expanding Up Channel. This pattern suggested the upper correction is weak and is verified by the Stochastic Oscillator already turning back from the Overbought level.So in next few hours as long as this set does not break out and close above the 0.6855 it will continue its Bearish bias.(Disclaimer)The material has been providedby InstaForex Company-www.instaforex.com

By | July 13, 2018

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The NZD/USD pair at 4-hour charts still moving in a Bearish bias. This condition is already seen by the price making higher low – lower low and making a few continuation Bearish chart patterns such as Bearish Flag, Bearish Pennant Flag and Broadening Up Channel. This pattern indicated the upper correction is weak and is confirmed by the Stochastic Oscillator already turning back from the Overbought level. So in next few hours as long as this pair does not break out and close above the 0.6855 it will continue its Bearish bias.

(Disclaimer)

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

Technical analysis: Intraday Level For EUR/USD, July 13, 2018 888011000 110888 When the European market opens, some Economic Data will be launched such as … The United States will launch the Economic Data too, such as Revised UoM Inflation Expectations, Prelim UoM Customer Belief, and Import Prices m/m, so, amidst the reports, EUR/USD will relocate a low to medium volatilitythroughout this day.TODAY’S TECHNICAL LEVEL:Breakout BUY Level: 1.1720.Strong Resistance:1.1713. Initial Resistance: 1.1702. Inner Sell Area: 1.1691.Target Inner Location: 1.1663.Inner Buy Location: 1.1635. Initial Assistance: 1.1624. Strong Assistance: 1.1613. Breakout OFFER Level: 1.1606. Disclaimer: Trading Forex(forex)on margin carries a high level of risk, and might not appropriate for all Traders or Investors. The high degree of leverage can work versus you in addition to for you. Prior to choosing to buy forex you need to thoroughly consider your investment objectives, level of experience, and danger cravings. The possibility exists that you might sustain a loss of some or all of your initial financial investment and therefore you must not invest cash that you can not manage to lose. You ought to know all the threats connected with forex trading, and seek advice from an independent financial advisor if you have any doubts.The material has been provided by InstaForex Business-www.instaforex.com

By | July 13, 2018

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When the European market opens, some Economic Data will be released such as … . The US will release the Economic Data too, such as Revised UoM Inflation Expectations, Prelim UoM Consumer Sentiment, and Import Prices m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1720.

Strong Resistance:1.1713.

Original Resistance: 1.1702.

Inner Sell Area: 1.1691.

Target Inner Area: 1.1663.

Inner Buy Area: 1.1635.

Original Support: 1.1624.

Strong Support: 1.1613.

Breakout SELL Level: 1.1606.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Technical analysis: Intraday level for USD/JPY, July 13, 2018 888011000 110888 In Asia, Japan will launch the Modified Industrial Production m/m information, and the United States will launch some Economic Data, such as Revised UoM Inflation Expectations, Prelim UoM Consumer Belief, and Import Costs m/m. So,there is a probability theUSD/JPY will move with a low tomedium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.25.Resistance. 2: 113.02. Resistance. 1: 112.81. Support. 1: 112.54. Assistance. 2: 112.32. Assistance. 3: 112.10. Disclaimer: Trading Forex(foreign exchange )on margin brings a high level of danger, and may not be suitable for all Traders or Investors. The high degree of take advantage of can work versus you along with for you. Before choosing to buy forex you must carefully consider your financial investment goals, level of experience, and threat hunger. The possibility exists that you might sustain a loss of some or all of your preliminary investment and for that reason you ought to not invest cash that you can not manage to lose. You ought to know all the risks associated with foreign exchange trading, and consult from an independent monetary advisor if you have any doubts.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | July 13, 2018

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In Asia, Japan will release the Revised Industrial Production m/m data, and the US will release some Economic Data, such as Revised UoM Inflation Expectations, Prelim UoM Consumer Sentiment, and Import Prices m/m. So, there is a probability the USD/JPY will move with a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 113.25.

Resistance. 2: 113.02.

Resistance. 1: 112.81.

Support. 1: 112.54.

Support. 2: 112.32.

Support. 3: 112.10.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Trading Plan for United States Dollar Index for July 13, 2018 888011000 110888 Technical outlook: The US Dollar Index is seen to be trading around the possible resistance zone at the 94.80/ 95.00 levels. Please keep in mind the Fibonacci 0.618 resistance passing through the 94.85 levels as portrayed here. A bearish turn seems to be the high likely relocation from here, bottom line rates need to stay below the 95.50 levels for now. Note that the United States Dollar Index might be working on wave (4)of a greater degree and up until prices remain above the 91/92 levels, the count remains legitimate. In the meantime, bears ought to be back in control from around these levels and continue to drag prices below 93.80 at least.On the other side, if resistance at 95.50 is taken off, it would imply that bullsare targeting the 98.00levels prior to taking a significant correction.Trading strategy: Stay short from here, stop above 95.50, target at 93.00.Essential Outlook: Keep An Eye Out For USD U. Michigan at 1000 AM EST, followed by Fed Monetary Policy to Congress at 1100 AM EST.Good luck!The material has actually been provided by InstaForex Company-www.instaforex.com

By | July 13, 2018

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Technical outlook:

The US Dollar Index is seen to be trading around the potential resistance zone at the 94.80/95.00 levels. Also please note the Fibonacci 0.618 resistance passing through the 94.85 levels as depicted here. A bearish turn seems to be the high probable move from here, bottom line prices should remain below the 95.50 levels for now. Also note that the US Dollar Index might be working on wave (4) of a higher degree and until prices stay above the 91/92 levels, the count remains valid. For now, bears should be back in control from around these levels and continue to drag prices below 93.80 at least. On the flip side, if resistance at 95.50 is taken off, it would mean that bulls are targeting the 98.00 levels before taking a meaningful correction.

Trading plan:

Remain short from here, stop above 95.50, target at 93.00.

Fundamental Outlook:

Watch out for USD U. Michigan at 1000 AM EST, followed by Fed Monetary Policy to Congress at 1100 AM EST.

Good luck!

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

Trading Plan for EUR/USD for July 13, 2018 888011000 110888 Technical outlook: The EUR/USD set formed a bottom around the 1.1650 levels the other day, a couple of pips greater than what we expected and talked about yesterday. According to the Elliott Channel, it bounced from assistance as well as a Fibonacci ratio as seen here. A high probable direction from here ought to be on the north side, above the 1.1850 levels. On the other hand, an alternate low at 1.1630 can not be ruled out before the marketplaces reverse higher. Rate assistance stays at the levels of 1.1590 and 1.1530 respectively, while interim resistance is seen at 1.1790. Please note that the currency set enjoys its probable wave 4 at a greater degree and till rates stay below the 1.2150 levels, the count stays valid. A break above 1.2150 would suggest further delays in theanticipated drop.Trading plan:Stay long with stop listed below the 1.1550/ 30 levels with the target of at least 1.1950 Basic outlook: USD U. Michigan belief is due at 1000 AM EST and Fed Monetary Policy release to Congress is at 1100 AM EST.Good luck!The product has been provided by InstaForex Business-www.instaforex.com

By | July 13, 2018

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Technical outlook:

The EUR/USD pair formed a bottom around the 1.1650 levels yesterday, a few pips higher than what we expected and discussed yesterday. According to the Elliott Channel, it bounced from support and also a Fibonacci ratio as seen here. A high probable direction from here should be on the north side, above the 1.1850 levels. On the flip side, an alternate low at 1.1630 cannot be ruled out before the markets reverse higher. Price support remains at the levels of 1.1590 and 1.1530 respectively, while interim resistance is seen at 1.1790. Please note that the currency pair is into its probable wave 4 at a higher degree and until prices stay below the 1.2150 levels, the count remains valid. A break above 1.2150 would indicate further delays in the expected drop.

Trading plan:

Remain long with stop below the 1.1550/30 levels with the target of at least 1.1950

Fundamental outlook:

USD U. Michigan sentiment is due at 1000 AM EST and Fed Monetary Policy release to Congress is at 1100 AM EST.

Good luck!

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

Daily EUR/ USD evaluation for July 12, 18. Ichimoku Indication

By | July 13, 2018

EUR/ USD Players growing reach the resistance zone of 1.1752-76( the lower limit of the day cloud+weekly levels ), which seems difficult to overcome. As an outcome, we observe the formation of a weekly rebound from the Tenkan level 1.1752. If the set can close the existing week below supports 1.1680( day cross)and 1.1648-39 (month Senkou Period A+day Fibo Kijun), then we can anticipate the conservation of belief and their strengthening. In this case, the main task for the gamers to decline is to upgrade the minimum extremum(1.1508). Together with the screening of resistances in

the location of 1.1752-76, the target for the breakdown of the H4 cloud was currently completed. As an outcome, the decline turned out to be deep enough, and now the set tests again the strength of debt consolidation supports in the high-time levels (day cross 1,1680) and essential lines from H4 and H1 (target for breakdown of the cloud H1 1.1672 + cloud H4 1.1670 ). We can anticipate a growth (essential resistance 1,1700-20) and a new attempt to go beyond 1.1776 if the gamers on the increase now keep the scenario under control. The assistances that must be noted are the levels 1.1639-48, the consolidation below will enable to pierce the H4 cloud and form a new disadvantage target.Indicator criteria:

perpetuity periods 9-26-

52 Color of indicator lines: Tenkan(short-term pattern) -red, Kijun (medium-term trend)-green,

Fibo Kijun is a green dotted line,

Chinkou is gray,

clouds: Senkou Span B(

SSB, long-lasting pattern)-blue,

Senkou Span A (SSA) – pink.Color of extralines: assistance and resistance MN-

blue, W1 -green, D1 – red, H4 – pink, H1 – gray, horizontal

levels (not Ichimoku) – brown,

pattern lines – purple.

* The presented market analysis is useful and does not constitute an overview of the transaction.The material has actually been provided by InstaForex Business-www.instaforex.com

Basic Analysis of AUD/JPY for July 13, 2018 888011000 110888 AUD/JPY has been quite spontaneous with the bullish gains just recently which lead the price to press off the 81.50 assistance area to residing at the edge of the 83.50-84.50 resistance location. In spite of the current positive financial reports, JPY cannot gain momentum versus AUD which does suggest the strength of AUD in the process.Recently, JPY BankLoaning has increased to 2.2%from the previous worth of 2.0% and Bank account has actually gone beyond expectations with the rate of 1.85 T which was anticipated to be at 1.18 T. Additionally, PPI was also released with a boost to 2.8 %as expected from the previous worth of 2.7%. Today, JPY Revised Industrial Production report is going to be published which is anticipated to be the same at -0.2%. On the other hand, recently, AUD MI Inflation Expectation report has been released with a decline to 3.9 %from the previous value of 4.2%. The even worse economic report did not impact the gains of AUD in the process resulting in higher grounds. As of the existing situation, AUD is anticipated to get further momentum at the same time till any unfavorable report of AUD or much better than anticipated JPY financial report regularly unfolds in the coming days. To summarize, AUD is anticipated to get further versus JPY at the same time. Now let us take a look at the technical side. The cost is currently residing at the edge of the 83.50-84 .50 resistance area from where it is expected to turn down bulls with specific bearish pressure to press the price lower at the same time. The set has been ranging in between 80.50 to 84.50 since March 2018 and until a day-to-day break above or below the area takes place, no definite pressure on pattern is anticipated and the variety is expected to continue further. As the rate stays below the 83.50-84.50 area, the bearish bias is anticipated to continue. The material has been provided by InstaForex Business-www.instaforex.com

By | July 13, 2018

AUD/JPY has been quite impulsive with the bullish gains recently which lead the price to push off the 81.50 support area to residing at the edge of the 83.50-84.50 resistance area. Despite the recent positive economic reports, JPY failed to gain momentum against AUD which does indicate the strength of AUD in the process.

Recently, JPY Bank Lending has increased to 2.2% from the previous value of 2.0% and Current Account has exceeded expectations with the rate of 1.85T which was expected to be at 1.18T. Moreover, PPI was also published with an increase to 2.8% as expected from the previous value of 2.7%. Today, JPY Revised Industrial Production report is going to be published which is expected to be unchanged at -0.2%.

On the other hand, recently, AUD MI Inflation Expectation report has been published with a decrease to 3.9% from the previous value of 4.2%. The worse economic report did not quite impact the gains of AUD in the process leading to higher grounds.

As of the current scenario, AUD is expected to gain further momentum in the process until any negative report of AUD or better than expected JPY economic report consistently unfolds in the coming days. To sum up, AUD is expected to gain further against JPY in the process.

Now let us look at the technical side. The price is currently residing at the edge of the 83.50-84.50 resistance area from where it is expected to reject bulls with certain bearish pressure to push the price lower in the process. The pair has been ranging between 80.50 to 84.50 since March 2018 and until a daily break above or below the area occurs, no definite pressure on trend is expected and the range is expected to continue further. As the price remains below the 83.50-84.50 area, the bearish bias is expected to continue.

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