Category Archives: Quick Forex

Indicator analysis. Daily review for the currency pair GBP/ USD for November 16, 2018 888011000 110888 The cost on Thursday, after the UK federal government approved a plan to leave the EU, made a rally down by testing the assistance line of 1.2749 (red strong line). There is no strong calendar news on Friday. More than likely, the bulls will once again try to resume the upward movement.Trend analysis (Fig. 1). On Friday, the cost will move up, with the very first objective of the rolling level of 23.6% – 1.2829 (blue dashed line). Fig. 1(everyday schedule). Detailed analysis:-Sign analysis -up; -Fibonacci levels- up; -Volumes – up;-Candlestick analysis-up;-Trend analysis- up;- Bollinger lines-up; – weekly schedule-up.General conclusion: On Friday, the rate will move up, with the very first objective of the rolling level of 23.6%-1.2829(blue rushed line ). The product has actually been offered by InstaForex Business- www.instaforex.com

By | November 16, 2018

The price on Thursday, after the UK government approved a plan to leave the EU, made a rally down by testing the support line of 1.2749 (red bold line). There is no strong calendar news on Friday. Most likely, the bulls will once again try to resume the upward movement.Trend analysis (Fig. 1).On Friday, the price will move up, with the first goal of the rolling level of 23.6% – 1.2829 (blue dashed line).

ljYvF6nB-jXuflNe8v0XilwQjKH248MMSXDSKNlL

Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes – up;- Candlestick analysis – up;- Trend analysis – up;- Bollinger lines – up;- weekly schedule – up.General conclusion:On Friday, the price will move up, with the first goal of the rolling level of 23.6% – 1.2829 (blue dashed line).

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

Indication analysis. Daily evaluation for the EUR/ USD currency pair for November 16, 201 888011000 110888 Trend analysis (Fig. 1). On Friday, it is possible to continue the upward movement with the very first objective of the rolling level of 23.6% – 1.1360 (blue dotted line). The 2nd upper target is 1.1388 – 21 typical EMA (black thin line). Fig. 1 (day-to-day schedule). Detailed analysis:-Indicator analysis-up;- Fibonacci levels-up; -Volumes -up; -Candlestick analysis- strongly down; – Pattern analysis -up;-Bollinger lines-up;-Weekly schedule – up.General conclusion: On Friday, it is possible to continue the upward motion with the very first goal of the rolling level of 23.6%-1.1360(blue dashed line). The 2nd upper target is 1.1388- 21 average EMA (black thin line). The material has been supplied by InstaForex Company-www.instaforex.com

By | November 16, 2018

Trend analysis (Fig. 1).On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dotted line). The second upper target is 1.1388 – 21 average EMA (black thin line).

mFvrz5j2YOd8kx_bODREtnnYEisM27Jy3BP5uA3x

Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes – up;- Candlestick analysis – strongly down;- Trend analysis – up;- Bollinger lines – up;- Weekly schedule – up.General conclusion:On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dashed line). The second upper target is 1.1388 – 21 average EMA (black thin line).

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

The dollar made a halt

By | November 16, 2018

What does not eliminate, it makes us stronger. Neither the mass resignation of ministers in Britain, the risk of insurrection in parliament and the vote of no self-confidence in Theresa May, nor Italy’s rejection to rewrite the draft spending plan submitted to Brussels did not drown the euro ship. However the increased political threats in the Old World ended up being the catalyst of the EUR/USD pair to peak at a 17-month lows in the first half of November. Who could have envisioned that the EU’s silence and a riot inside Albion would allow the bulls to form the bottom?

In order to understand what is occurring, you require to enter the heads of speculators. They have actually long been accumulating long positions on the US dollar, and now they fear the risks of lost earnings. This is when the earnings on the computer screen are alike however you don’t understand what to do -either keep holding longs or begin eliminating them. The version that the United States economy and the procedure of normalizing the financial policy of the Fed will decrease. In this regard, the smallest tip of weak point of the USD index results in its sales. The cost of core inflation in the States did not reach forecasts (+ 2.1% versus the estimate of + 2.2%) as the EUR/ USD set increased.

Hence, the success of the “bulls” in the main currency set is completely due to the closure of speculative positions on the United States dollar. In the third quarter, the German economy entered into minus for the first time in 3.5 years, the core inflation in the eurozone does not demonstration. Political risks are high and the ECB chief economist Peter Praet discusses keeping ultra-soft monetary policy for a long period of time that is If required and while it looks essential.

Dynamics of core inflation in the euro area

JzDwyrFydQSOEdQzSZ1tK6efQ3UG_FJQkZI_fF5R

In the week to November 23, the scenario may change radically. To start with, the economic calendar for the euro appears to be more saturated than for the dollar. Secondly, Brussels can not be silent permanently and definitely will state a couple of affectionate Rome. Third, the G20 summit will occur at the end of the week. On the sidelines of which, Donald Trump and Xi Jinping will satisfy.

The minutes of the October conference of the Governing Council of the ECB and the release of information on organisation activity in the eurozone will clarify the views of the Reserve bank and the prospects for financial recovery of the currency bloc in the fourth quarter. I doubt that the EU will make concessions to Italy and the worsening of political dangers will contribute to the growth of the republic’s bond yields, as well as the expansion of spreads with German equivalents and sales of EUR/USD set. It is unlikely that the conference of the leaders of the United States and China will put an end to the trade war and buying euros on positive expectations can be changed by sales offered the reality.

Technically, there is a change of the Shark pattern at 5-0 on the daily EUR/ USD chart. As a rule, kickbacks in the instructions of 23.6%, 38.2% and 50% are utilized to form short positions.

EUR/ USD daily chart

BopEjv2-DCTmv1HojMjNPL6_l-HfNQmkfG3DRkdq

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

GBP/ USD pair: prepare for the US session on November 16. The need for the pound remains minimal due to the risk of failure

By | November 16, 2018

To open long positions on the GBP/ USD set, you need: The scenario has actually not altered compared with the early morning projection. The upside potential of the pound is still restricted by the resistance of 1.2831, hence, it is best to open long positions after breaking through and repairing on this variety in order to upgrade the highs of 1.2890 and 1.2960, where I suggest taking revenues. In case of a decrease, assistance will be supplied by the intermediate area of 1.2761, however, I advise to open long positions instantly to rebound after testing the minimum of 1.2703 and 1.2663.

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

A not successful fixation above resistance of 1.2831 signals to open brief positions in order to decrease to the area of very first assistance at 1.2761, the breakdown of which will lead to a larger sale of GBP/ USD couple with a test of 1.2703 and 1.2663 minimum, where I suggest to repair profits. When it comes to favorable news on Brexit, a break of 1.2831 will result in an increase in the pound. In this scenario, it is best to open short positions to rebound from an optimum of 1.2891 and 1.2962.

Sign signals:

Moving averages

Trading happens in the 30-day moving average, which limits the upside potential of the pound. With a 50-day average test, you can offer a pound immediately to rebound.

Bollinger bands

In case the pressure on the GBP/ USD set returns, the down motion for today might be limited by the lower limitation of the Bollinger Bands indicator around 1.2740.

DSDcNefY6PbiZLALm1Z9e97jNvG0STR5acItpAai

Description of indications

MA (moving average) 50 days – yellow

MA (moving average) 1 month – green

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

Bollinger Bands 20

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

EUR/ USD pair: plan for the US session on November 16. Euro purchasers run out of steam, and inflation data did not support

By | November 16, 2018

To open long positions on EUR/ USD pair, you need: Eurozone inflation information, which came out in the very first half of the day, could not support buyers of the European currency as they entirely coincided with economists’forecasts, which led to the closure of long positions and a decrease in the euro. At the minute, you can only rely on the development of an incorrect breakdown around the assistance of 1.1320, where the 50-day moving average lies. Otherwise, long positions can be opened just on a rebound from the 1.1286 low. The main task of buyers for the second half of the day stays the breakdown and debt consolidation above the resistance of 1.1352, which will cause brand-new highs around 1.1381 and 1.1410, where I suggest to repair profits.

To open brief positions on EUR/ USD set, you require:

Another unsuccessful consolidation above the level of 1.1352 caused sales of the European currency, to which I paid attention in my morning evaluation. The main task of the bears in the afternoon is to break down and combination below the intermediate support level of 1.1320. A duplicated test of which will collapse EUR/ USD to a minimum of 1.1286, where I advise taking profits. In the case of development above 1.1352, you can count on short positions after upgrading the optimum of 1.1381 or right away to the rebound from resistance 1.1410.

Sign signals:

Moving averages

Trade is carried out in the 30- and 50-day average, which shows the lateral nature of the market.

Bollinger bands

Repetitive test of the lower border of the sign in the location of 1.1315 might lead to an increase in pressure on the euro.

v1cXqzC5HMoGSurD1_Y__GdDdGvYWC0f8UJhWLR_

Description of indicators

MA (moving average) 50 days – yellow

MA (moving average) thirty days – green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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

Hong Kong Economic Development Dramatically Slows In Q3

By | November 16, 2018

Hong Kong’s financial growth slowed sharply in the third quarter on weaker consumption, figures from the Census and Data Department revealed on Friday.

Gdp grew 2.9 percent year-on-year following a 3.5 percent expansion in the second quarter. The latest speed of development was the slowest given that 2016.

On a seasonally adjusted quarter-to-quarter comparison, real GDP grew by 0.1 percent in the third quarter following a 0.2 percent decline in the previous 3 months, the firm stated. Both private intake and government costs growth slowed in the third quarter, while growth in exports and imports improved. “Looking ahead, the financial outlook is subject to increasing drawback threats,” the Hong Kong government economist Andrew Au stated.

The federal government forecast financial growth for 2018 as a whole at 3.2 percent, which was within the variety forecast of 3-4 percent announced in the August round.

The core inflation projection was cut to 2.5 percent from 2.7 percent and the headline cost development projection was cut to 2.2 percent from 2.4 percent. “The trade conflict in between China and the US will continue to hurt import and export activities as over half of exports go to Mainland China,” ING Bank economist Iris Pang said.

“And intake activities will still be constrained by the money that has been spent on deposits.”

“To cushion the economy, we expect that the federal government will accelerate the building of public real estate to cushion a few of the negative impact,” she added.

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

Streamlined Wave Analysis. Evaluation of GOLD for the week of November 16 888011000 110888 Wave pattern on the H4 chart: The dominant gold rate motion from mid-August is offered by the increasing wave. In spite of its restorative nature for a longer-term trend sector, the existing wave is not finished. Wave pattern on the H1 chart: The coming down wave of October 15 in a bigger structure filled in a full-fledged correction. The structure of the motion appears to be total but the signals at the end of the turnaround and the wave have actually not yet been observed. Wave pattern on the M15 chart: From November 13, the price forms a brand-new rising wave, which may be the beginning of a reversal zigzag. In the coming days, there is a high likelihood of a down pullback. Advised trading method: Despite the continued weakening of the course, the potential for decreasing the price of gold is restricted. In the coming weeks, the price boost will end up being dominant. Traders are advised to wait for clearer market entry conditions. Fans of intradaycan make short-term sales, but it is more reasonable to lower the lot. Resistance zones:- 1265.0/ 1260.0 Assistance locations: -1200.0/ 1195.0 Explanations of the figures: The streamlined wave analysis utilizes waves including 3 parts (A– B– C). For the analysis, three primary TFs are utilized. On every last part, the incomplete wave is evaluated. Zones show calculated locations with the highest likelihood of reversal. The arrows show the wave marking by the technique used by the author. The strong background reveals the formed structure while thedotted reveals the anticipated movement. Note: The wave algorithm does not consider the duration of tool movements in time. To perform a trade transaction, you require verification signals from the trading systems you utilize! The product has been offered by InstaForex Company – www.instaforex.com

By | November 16, 2018

Wave pattern on the H4 chart:

The dominant gold price movement from mid-August is given by the rising wave. Despite its corrective nature for a longer-term trend segment, the current wave is not completed.

Wave pattern on the H1 chart:

The descending wave of October 15 in a larger structure took the place of a full-fledged correction. The structure of the movement seems to be complete but the signals at the end of the wave and the reversal have not yet been observed.

d41kcQl1PsumSU1j0d82Gu2tHzE6Pa2wbFO6cFdf

Wave pattern on the M15 chart:

From November 13, the price forms a new ascending wave, which may be the beginning of a reversal zigzag. In the coming days, there is a high probability of a downward pullback.

ePzkWpJHDzRDtvuPVMm-HC1z88CRWwYPdHJWVehh

Recommended trading strategy:

Despite the continued weakening of the course, the potential for lowering the price of gold is limited. In the coming weeks, the price increase will become dominant. Traders are advised to wait for clearer market entry conditions. Supporters of intraday can make short-term sales, but it is more reasonable to reduce the lot.

Resistance zones:

– 1265.0 / 1260.0

Support areas:

– 1200.0 / 1195.0

Explanations of the figures:

The simplified wave analysis uses waves consisting of 3 parts (A – B – C). For the analysis, three main TFs are used. On every last part, the incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal.

The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure while the dotted shows the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!

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

Simplified Wave Analysis. Review of EUR/ JPY set for the week of November 16 888011000 110888 Wave pattern on the H4 chart: The basic direction of the cross on the short-term pattern is set by the rising wave of May 29. The structure of the wave does not have the last part (C). Wave pattern on the H1 chart: The bearish wave of September 21 remedied the pattern section in a larger wave model. The wave is fully formed and the rate has reached the settlement zone of conclusion. Wave pattern on the M15 chart: From October 26, a bullish wave is formed, which has a turning capacity. With time, the whole movement will move to a larger scale.Advised trading method: Sales of the pair are unpromisingfor the near future. The suggestion to track long entry signals for all trading styles remains in result. Resistance zones:- 131.70/ 132.20 – 129.70/ 130.20 Support locations: -128.10/ 127.60 Descriptions of the figures: The streamlined wave analysis utilizes waves consisting of 3 parts(A– B– C). For the analysis, 3 primary TFs are utilized. On every tail end, the incomplete wave is analyzed. Zones reveal calculated areas with the greatest probability of turnaround. The arrows show the wave marking by the approach used by the author. The strong background reveals the formed structure while the dotted reveals the anticipated movement. Note: The wave algorithm doesn’t take into account the duration of tool movements gradually. To trade a trade transaction, you need to verify your trading systems! The material has been provided by InstaForex Business-www.instaforex.com

By | November 16, 2018

Wave pattern on the H4 chart:

The general direction of the cross on the short-term trend is set by the rising wave of May 29. The structure of the wave lacks the final part (C).

Wave pattern on the H1 chart:

The bearish wave of September 21 corrected the trend section in a larger wave model. The wave is fully formed and the price has reached the settlement zone of completion.

doJHXB3kaYO23tHohdPE9c7v7u-j4Y756nHSjZ2D

Wave pattern on the M15 chart:

From October 26, a bullish wave is formed, which has a turning potential. Over time, the entire movement will move to a larger scale.

Qq1qs5Kb1pjLlGARgS-HrGeW8XtzNi0ZQIrdxQCq

Recommended trading strategy:

Sales of the pair are unpromising for the near future. The recommendation to track long entry signals for all trading styles remains in effect.

Resistance zones:

– 131.70 / 132.20

– 129.70 / 130.20

Support areas:

– 128.10 / 127.60

Explanations of the figures:

The simplified wave analysis uses waves consisting of 3 parts (A – B – C). For the analysis, three main TFs are used. On every last part, the incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal.

The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure while the dotted shows the expected movement.

Note: The wave algorithm doesn’t take into account the duration of tool movements over time. To trade a trade transaction, you need to confirm your trading systems!

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

EUR and GBP: Theresa May dismissed a 2nd Brexit referendum. The development capacity of the euro is restricted

By | November 16, 2018

Theresa May ruled out a second Brexit referendum. The development capacity of the euro is limited. A great United States retail sales will support economic growth in the 4th quarter of this year.

The United States dollar continued to decrease yesterday against the euro, despite the great macroeconomic indicators for the US economy, along with the positive performance of the head of the Federal Reserve System, Jerome Powell.

In the afternoon, a report came out that revealed Americans continue to increase their spending, which is a good sign of a sustainable economy.

Fundamental information

According to the United States Department of Commerce, retail sales increased by 0.8% in October this year compared to $ 511.5 billion in the previous month. In comparison to the same duration in 2017, sales increased by 4.6%. Economic experts had actually anticipated a 0.5% boost in sales. Let me remind you that customer costs supplies the primary growth of the United States economy, accounting for about 2/3 of GDP. Considered that the sales season has actually not yet started, good October efficiency could lead to a larger growth in the 4th quarter of the US economy this year.

EU6TjPrMWVF09krjiC_PBgkOXsjncM47wT_E194S

Production activity in the area of duty of the Federal Reserve Bank of New York has grown however expectations relating to activity in the future have actually not altered. According to the Fed-New York, the manufacturing index was at 23.3 points in November of this year versus 21.1 points in October. A favorable index indicates an increase in activity in the sector. Economists forecasted that the index will be 20 points.

According to the United States Department of Commerce, the stocks of companies in the United States increased by 0.3% to 1.97 trillion US dollars in September. Economic experts had expected stocks to grow by 0.3% compared with August.

Speech by the Fed chairman did not lead to an increase in the United States dollar, although Powell spoke about the positive outlook for the American economy.

The head of the committee stated that the United States economy remains in good shape however it is required to carefully keep track of wage development, which was not as quick as economic experts had hoped. Powell is also positive that a good October report on employment in the future will have a positive impact on the growth potential customers of the United States economy and raising rate of interest.

As for the technical image of the EUR/USD set, purchasers of dangerous properties for today will once again attempt to break through a large resistance level of 1.1350. A breakthrough of which will open up a real point of view on upgrading the highs in the 1.1390 and 1.1410 locations. If buyers leave the marketplace, it is filled with good down motion with a return to the lower border of the channel in the location of 1.1280.

As for the British pound, the resignation of British ministers the other day could significantly impact the strategies of the Bank of England, which requires to rethink its policy of raising the crucial rate. It is possible that the Central Bank will take a cautious stance and abandon the anticipated tightening up of financial policy by the market.

Yesterday afternoon, British Prime Minister Theresa May as soon as again mentioned that her method was based on nationwide interests being vital, including that the course she described in the Brexit contract was best for the country. It is her script that protects the rights of the British, and absolutely nothing else. If Ireland does not provide support, a contract with the EU without it is impossible. At the end of the speech, Theresa May made it clear that there would be no 2nd Brexit referendum.

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

ECB'’s Draghi Hints At Possible Inflation Downturn

By | November 16, 2018

Eurozone’s development would continue at a gradual rate, however there was a possibility that core inflation may be slow in getting in future, if unpredictability relating to the economic situation continued, European Central Bank President Mario Draghi alerted on Friday.

“There is certainly no reason why the expansion in the euro location should suddenly pertain to an end,” Draghi said in a speech at the Frankfurt European Banking Congress.

“That said, if firms begin to become more unpredictable about the growth and inflation outlook, the capture on margins might prove more relentless,” he said.

“This would impact the speed with which underlying inflation gets and therefore the inflation course that we expect to see in the quarters ahead.”

Euro area financial development cut in half in the third quarter to 0.2 percent from 0.4 percent in the previous three months, latest quotes from the Eurostat showed today.

Inflation sped up to a near six-year high of 2.2 percent in October, going beyond the ECB’s target of “below, however close to 2 percent”, and core rate development reached 1.1 percent.

Draghi asserted that the ECB hopes to end its EUR 2.6 trillion-worth of net asset purchases in December, subject to inbound information. There is a boost in uncertainties surrounding the medium-term outlook, he kept in mind.

“When the most recent round of forecasts is offered at our next conference in December, we will be much better positioned to make a full assessment of the dangers to growth and inflation,” the ECB President stated. The bank is widely expected to trek its interest rates in the second half of next year, which would be the first increase because 2011. The ECB chief kept in mind that the nature of ECB’s forward assistance is contingent on economic advancements and therefore serves as an automatic stabiliser.

“If monetary or liquidity conditions ought to tighten unduly or if the inflation outlook ought to degrade, our response function is well defined,” he said.

“This ought to in turn be shown in an adjustment in the anticipated course of future rates of interest.”

Draghi has actually unlocked for an extended period of low interest rates, ING Bank economist Carsten Brzeski said, adding that the ECB president a little changed the popular ECB communication.

“Draghi at least simply sent out a clear signal of the ECB’s determination to err on the side of caution when it comes to the first rate walking,” Brzeski said.

“The danger that Draghi might decrease in European history books as the very first ECB president who never ever hikes rate is increasing.”

Citing the lags between incomes and prices after a period of low inflation, perseverance and perseverance in financial policy is still required, Draghi stated. Further, he said trade dangers require to be monitored “really thoroughly” over the coming months. “Nevertheless, we still see the total risks to the growth outlook as broadly well balanced, in big part due to the fact that the underlying drivers of domestic demand remain in place,” Draghi stated.

Concerning the dangers to funding conditions, Draghi stated, “Lack of financial debt consolidation in high-debt countries increases their vulnerability to shocks, whether those shocks are autonomously produced by questioning the guidelines of EMU’s architecture, or are imported through monetary contagion.”

“Up until now, the increase in sovereign spreads has actually been mainly restricted to the first case and contagion across countries has been limited,” he included.

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