Category Archives: Quick Forex

Oil Futures Settle At Near 6-month High

By | April 23, 2019

Petroleum prices ended notably greater, extending gains from previous session, amidst rising potential customers of a shortage in crude supply in the worldwide market.

The U.S. federal government’s decision to stop granting sanctions waivers that allow minimal imports of Iranian crude pushed oil rates up north on Monday and the pattern continued today as well.

West Texas Intermediate Crude oil futures for June wound up $0.75, or 1.1%, at $66.30 a barrel, a near six-month high.

Brent unrefined futures for June rose to a high of $74.73, the best level in about 6 months, before falling to around $74.55 a barrel.

On Monday, petroleum futures for June wound up $1.70, or 2.66%, at $65.70 a barrel.

The U.S. on Monday came out with an announcement on Monday, stating it would not extend waivers to buy Iranian crude oil for India, China, Turkey, Japan and South Korea when those waivers expire early next month.

The buyers of Iranian oil need to stop purchases by May 1 or face sanctions, it said.

Following U.S.’s choice, Iran has threatened that it will shut the Strait of Hormuz, a key chokepoint for Persian Gulf crude manufacturers, according to a report in Bloomberg.

Saudi Arabia’s energy minister Khalid Al-Falih stated in a statement that the nation would collaborate with other crude producers to guarantee that sufficient materials are available and the market “does not head out of balance.”

“In the next couple of weeks, the Kingdom will be consulting closely with other producing nations and essential oil consuming nations to make sure a healthy and steady oil market, for the advantages of consumers and producers as well as the stability of the world economy.”

On the other hand, traders are expecting the weekly oil reports. The American Petroleum Institute is arranged to release its weekly oil report later on in the day, while the Energy Information Administration’s unrefined inventory information is due Wednesday morning.

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

Gold Futures Settle At Near 4-month Low As Dollar Rises

By | April 23, 2019

Gold costs wandered lower on Tuesday, as the dollar got in strength against the majority of major currencies and the dollar index rose to a near two-year peak.

Fairly strong quarterly revenues and the current better than expected financial data out of the U.S. and China have dimmed gold’s potential customers.

Traders are significantly leaning towards riskier properties such as equities.

The dollar index increased to 97.78, getting about 0.5%.

Gold futures for June settled at $1,273.20 an ounce, down $4.40, or 0.34% from previous close.

On Monday, gold futures for June ended up $1.60, or 0.13%, at $1,277.60 an ounce.

Silver futures for Might settled at $14.791 an ounce, down $0.181 from previous close, while Copper futures for Might ended down $0.0080, at $2.8935 per pound.

In addition to positive revenues reports from a couple of big-name U.S. business, information showing an unforeseen jump in brand-new home sales in the month of March added to increased threat cravings of investors.

The Commerce Department report stated brand-new home sales surged up by 4.5% to a yearly rate of 692,000 in March after skyrocketing by 5.9% to a modified rate of 662,000 in February.

The continued boost stunned financial experts, who had actually expected new home sales to come by 2.5% to a rate of 650,000 from the 667,000 originally reported for the previous month.

With the unexpected spike, new home sales reached their greatest annual rate considering that hitting 712,000 in November of 2017.

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

April 23 2019: EUR/USD Intraday technical analysis and trade recommendations.

By | April 23, 2019

< img width="450"src="http://qkfx.com/wp-content/uploads/2019/04/april-23-2019-eur-usd-intraday-technical-analysis-and-trade-recommendations.jpg"alt="analytics5cbf2f85506ff.jpg"/ > On January 10th, the market initiated the portrayed bearish channel around 1.1570. Ever since, the EURUSD set has actually been moving within the portrayed channel with slight bearish tendency.On March 7th, recent bearish movement was shown towards 1.1175( channel’s lower limit )where substantial

bullish healing was demonstrated.On March 18, a considerable bullish effort was performed above 1.1380 (the upper limit of the Highlighted-channel)showing a false/temporary bullish breakout.On March 22, substantial bearish pressure was shown towards 1.1280 then 1.1220. Few weeks earlier, a bullish Head and Shoulders turnaround pattern was shown around

1.1200. This improved even more bullish advancement towards 1.1300-1.1315(supply zone)where current bearish rejection was being demonstrated.Short-term outlook turned to end up being bearish towards 1.1280( 61.8%Fibonacci )followed by further bearish decline towards 1.1235 (78.6%Fibonacci). For Intraday traders, the price zone around 1.1235(78.6%Fibonacci)stood as a short-lived demand location which stopped briefly the ongoing bearish momentum for a while before bearish breakdown might be carried out today.Conservative traders must be awaiting a bullish pullback towards the newly-established supply zone around 1.1235 for a legitimate SELL entry.Moreover, bearish determination below 1.1235 boosts additional bearish decline towards 1.1170 then 1.1115. Trade recommendations: A legitimate OFFER entry can be taken around 1.1235 when a bullish pullback occurs.TP levels to be situated around 1.1170 and 1.1115. SL must be put above 1.1260

. The material has actually been offered by InstaForex Business-www.instaforex.com

April 23, 2019: GBP/USD Intraday technical analysis and trade recommendations.

By | April 23, 2019

analytics5cbf2ba92a97d.jpg

On January second, the marketplace started the illustrated uptrend line around 1.2380.

A weekly bearish space pressed the set below the uptrend line (practically reaching 1.2960) before the bullish breakout above short-term bearish channel was attained on March 11.

Quickly after, the GBPUSD pair showed weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD stopped working to attain a greater high above the previous top attained on February 27.

Rather, the portrayed current bearish channel was established.Significant bearish pressure was shown towards 1.3150-1.3120 where the illustrated uptrend line failed to provide any bullish support causing obvious bearish breakdown.On March 29, the rate levels of 1.2980( the lower limit of the

illustrated movement channel)demonstrated considerable bullish rejection.This brought the GBPUSD pair once again towards the price zone of( 1.3160-1.3180)where the ceiling of the depicted bearish channel in addition to the behind of the illustrated uptrend line concerned meet the pair.Bearish rejection was expected around the discussed price levels(1.3150-1.3180). Nevertheless, the GBPUSD bullish pullback failed to pursue towards the pointed out zone.Instead, considerable bearish rejection was shown previously around the cost level of 1.3120. Ever since, Short-term outlook has actually become bearish towards 1.2900, 1.2850 then 1.2800 where the lower limit of the illustrated channel pertains to

fulfill the GBPUSD pair.The material has been provided by InstaForex Company-www.instaforex.com

Bitcoin analysis for April 23, 2019 888011000 110888 From America to the UK and from Russia to Australia, cryptocurrency tax in significant bitcoin strongholds is complicated. Inconsistent or non-existent laws, excessive red tape, and maddeningly unclear guidelines have actually conspired to make the tax-paying procedure more arduous than it need be. Now, a number of supporters are pushing for streamlined crypto tax guidelines. Repairing the tax will be main focus in the next period for cryptos.Technical photo: According to the H4 time-frame, as we mentioned yesterday, the capacity for bull relocation and re-test of upper channel diagonal remained in the play and that precisely taken place. Given that the BTC is trading near the important resistance at$5.700, our advice is to look for prospective turnaround and verification of turnaround. To confirm turnaround, you wish to see series of lower lows and lower highs. In the meantime, purchasers remain in control and the next upward station is set at$ 5.700. In case of reversal, watch for assistances at $5.327, $5.191 and$ 4.650. The product has been provided by InstaForex Business-www.instaforex.com

By | April 23, 2019

From America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be. Now, a number of advocates are pushing for simplified crypto tax guidelines. Fixing the taxation will be main focus in the next period for cryptos.

Technical picture:

analytics5cbf14ae68e4b.jpg

According to the H4 time-frame, as we mentioned yesterday, the potential for bull move and re-test of upper channel diagonal was in the play and that exactly happened. Since the BTC is trading near the critical resistance at $5.700, our advice is to watch for potential reversal and confirmation of reversal. To confirm reversal, you want to see series of lower lows and lower highs. For now, buyers are in control and the next upward station is set at $5.700. In case of reversal, watch for supports at $5.327, $5.191 and $4.650.

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

UK Household Finance Index Increases In April

By | April 23, 2019

UK families’ assessment of their monetary well-being rose at the fastest rate in March, study information from the IHS Markit revealed on Monday.

The IHS Markit Home Finance Index, or HFI, rose to 44.0 in April from 43.4 in March.

Task security understandings supported amid a pick-up in work environment. Expectations on more powerful profits, towards future financial wellness were at the least because last November.

Living expenses increased at the quickest pace since last September, however the rise was still weaker than the 2018 average, the study reported.

Existing living costs increased which led the inflation expectations to edge higher.

“Overall, April information suggest the downbeat consumer sentiment story in the UK might turn-around in the coming months if patterns in salaries and job security remain accommodative, helping to drive domestic expense”, Joe Hayes, Financial Expert, IHS Markit said.

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

EUR./ USD analysis for April 23, 2019 888011000 110888 EUR/USD has actually been trading downwards as we anticipated. The price evaluated the level of 1.1210. Our short position on EUR/USD from yesterday is progressing good and we expect more drawback. According to the H4 time-frame, we discovered the successful breakout of the bearish flag pattern, which is sign of the professional re-selling. Secret support is seen at the price of 1.1183 and you should enjoy to at least scalehalf of the position there. In case the EUR/USD breaks the level of 1.1183, expect potential test of 1.1065 (Fibonacci expansion 100%). Our recommendation: We are bearish from 1.1230 with targets at 1.1183 and 1.1065. Protective stop is palced at 1.1280. The product has been provided by InstaForex Company-www.instaforex.com

By | April 23, 2019

EUR/USD has been trading downwards as we expected. The price tested the level of 1.1210. Our short position on EUR/USD from yesterday is progressing good and we expect more downside.

analytics5cbf12267526c.jpg

According to the H4 time-frame, we found the successful breakout of the bearish flag pattern, which is sign of the professional re-selling. Key support is seen at the price of 1.1183 and you should watch to at least scale half of the position there. In case the EUR/USD breaks the level of 1.1183, watch for potential test of 1.1065 (Fibonacci expansion 100%).

Our recommendation: We are bearish from 1.1230 with targets at 1.1183 and 1.1065. Protective stop is palced at 1.1280.

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

Gold analysis for April 23, 2019 888011000 110888 Gold has been trading downwards as we anticipated. The cost tested the level of $1.268.00. Our short position on Gold from yesterday is progressing great and we anticipate more drawback. According to the H4 time-frame, we found more acceptance listed below the key support cluster(purple rectangle)at the rate of$1.280.00, which is sign that sellers remain in huge control on the Gold. The 4-month long complicated head and shoulders is controling the background that sellers are very active on the Gold. As long as the Gold is trading below the $1.315.00, we will be bearish.Our recommendation: We are bearish from the other day at$ 1.275.00 but we will add after every decent upward correction structure more offering position. Our guidance is to watch foroffering positions just. The downward targets are set at$1.211.30 and$1.196.50. The product has been offered by InstaForex Company- www.instaforex.com

By | April 23, 2019

Gold has been trading downwards as we expected. The price tested the level of $1.268.00. Our short position on Gold from yesterday is progressing good and we expect more downside.

analytics5cbf10881a8a2.jpg

According to the H4 time-frame, we found more acceptance below the key support cluster (purple rectangle) at the price of $1.280.00, which is sign that sellers are in big control on the Gold. The 4-month long complex head and shoulders is dominating the background that sellers are very active on the Gold. As long as the Gold is trading below the $1.315.00, we will be bearish.

Our recommendation: We are bearish from yesterday at $1.275.00 but we will add after every decent upward correction structure more selling position. Our advice is to watch for selling positions only. The downward targets are set at $1.211.30 and $1.196.50.

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

GBP/ USD prepare for the American session on April 23. The pound remains in the channel however the bears gets ready for an advancement

By | April 23, 2019

To open long positions on the GBP/ USD set, you need: Purchasers revealed themselves after the test of assistance at 1.2977, to which I paid attention in my morning evaluation. This caused a big upward rebound of the pair and the test of resistance at 1.3009, which limits the more upward capacity of the pound. An advancement of this variety will open up the opportunity for an upward correction in the area of 1.3036 and 1.3065, where I advise taking earnings. Under the circumstance of a retracement of GBP/USD pair to the lower border of the side channel 1.2977, long pound positions are best delayed till new lows of 1.2940 and 1.2909 are upgraded.

To open brief positions on the GBP/ USD set, you need:

The bears did not cope with the task for the very first half of the day and stopped working to break below the support of 1.2977. The main objective is to break through and consolidate below this range, which will result in the renewal of new local minima near 1.2940 and 1.2909, where I suggest taking earnings. Far, the sellers have managed just to form an incorrect breakdown in the area of resistance 1.3009 but there is no pressure on the pound. In case that the cost returned at 1.3009, brief positions are best deferred till the highs of 1.3036 and 1.3065 are upgraded.

Sign signals:

Moving averages

Trading is carried out above 30 and 50 moving averages, which shows a possible extension of the development of a bullish correction.

Bollinger bands

The volatility of the Bollinger Bands indication is extremely low, which does not offer signals to enter the marketplace.

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Description of indicators

MA (moving average) 50 days – yellow

MA (moving average) 30 days – green

MACD: quick EMA 12, sluggish EMA 26, SMA 9

Bollinger Bands 20

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