Category Archives: Quick Forex

Everyday analysis of GBP/JPY for April 28, 2017 888011000 110888 Summary The GBP/JPY rate validated the continuation of the bullish bias, trading above the barrier at 143.35 levels. The set started tape-recording new positive targets as shown in the image above. This makes us wait till taping the next target at 145.40. Keep in mind that surpassing this level will break the ice to testing the attained top at 148.45. Stochastic rally to the overbought level reinforces the bullish idea, still supplying the needed positive momentum to resume the anticipated bullish efforts. The anticipated trading range for today is between 143.35 and 145.40. The material has actually been providedby InstaForex Company-www.instaforex.com

By | April 28, 2017

GBPJPYH4.png

Overview

The GBP/JPY price confirmed the continuation of the bullish bias, trading above the barrier at 143.35 levels. The pair started recording new positive targets as shown in the image above. This makes us wait until recording the next target at 145.40. Note that surpassing this level will open the way towards testing the achieved top at 148.45. Stochastic rally to the overbought level reinforces the bullish suggestion, still providing the required positive momentum to resume the expected bullish attempts. The expected trading range for today is between 143.35 and 145.40.

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

Daily analysis of Gold for April 28, 2017 888011000 110888 Overview The gold rate reveals some slight bullish bias in attempt to move away from 1,263.17 levels. The cost gets a favorable signal through stochastic, which is likely to assist the cost surpass the EMA50, eliminate negative pressure and rally towards our positive targets at 1,282.00 and 1,300.00. For that reason, the favorable circumstance will remain active for the upcoming duration unless breaking and holding below the 1,263.17 level as this break will press the price to evaluate 1250.00 and might extend to 1237.00 prior to any new attempt to increase. The anticipated trading range for today is between the 1,255.00 assistance and the 1,290.00 resistance. The product has been offered by InstaForex Business-www.instaforex.com

By | April 28, 2017

1493385618_GOLDH4.png

Overview

The gold price shows some slight bullish bias in attempt to move away from 1,263.17 levels. The price gets a positive signal through stochastic, which is likely to help the price surpass the EMA50, get rid of negative pressure and rally towards our positive targets at 1,282.00 and 1,300.00. Therefore, the positive scenario will remain active for the upcoming period unless breaking and holding below the 1,263.17 level as this break will push the price to test 1250.00 and might extend to 1237.00 before any new attempt to rise. The expected trading range for today is between the 1,255.00 support and the 1,290.00 resistance.

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

Day-to-day analysis of Silver for April 28, 2017 888011000 110888 Introduction The silver price tests the 17.43 level that was broken formerly, as the price is impacted by stochastic positivity. Meanwhile, the EMA50 forms negative pressure that keeps the bearish pattern scenario active for today. We are waiting for bearish rebound on the intraday basis, and the primary target is represented by checking out 16.56 levels. A breach of 17.43 followed by 17.60 levels will press the cost to go back to the main bullish trend once again. The anticipated trading variety for today is in between the 17.10 support and the 17.45 resistance.The material has actually been offered by InstaForex Company-www.instaforex.com

By | April 28, 2017

1493385538_SILVERH4.png

Overview

The silver price tests the 17.43 level that was broken previously, as the price is affected by stochastic positivity. Meanwhile, the EMA50 forms negative pressure that keeps the bearish trend scenario active for today. Therefore, we are waiting for bearish rebound on the intraday basis, and the main target is represented by visiting 16.56 levels. A breach of 17.43 followed by 17.60 levels will push the price to return to the main bullish trend again. The expected trading range for today is between the 17.10 support and the 17.45 resistance.

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

Fundamental analysis AUD/JPY April 28, 2017 888011000 110888 AUD/JPY has actually remained in a corrective structure since the start of the week. The volatility in this set was high after the space. Today Japan posted combined economic reports. Thus, the household costs was released unfavorable at -1.3% which was expected to be at -0.6%; the joblessness rate was the same at 2.8% which was anticipated to rise to 2.9%; the preliminary commercial production information was unfavorable at -2.1% which was expected to be at -0.6%; the retail sales report was favorable at 2.1% which was expected to be at 1.6% and the real estate starts was published favorable at 0.2% which was expected to be at -2.5%. JPY showed blended trading after the economic reports today, which also made the market belief quite confused. On the other hand, Australia launch the PPI report which was unchanged at 0.5% versus the anticipated level of 0.3%. The Economic sector Credit was also the same at 0.3% which was expected to be at 0.5%. Overall, both currencies had mixed economic reports which did put the marketplace in issue. The aussie has been more powerful versus the yen up until now.Now let us look at the technical picture. The cost is currently above the 82.91 assistance level. The cost has actually been in a corrective structure as both purchasing and offering impulsive market pressure was present in this pair considering that the start of the week. Currently, it is anticipated that the cost will move even more up towards 85.00 location. As long as the price remains above 82.91, the predisposition is bullish with the target at 85.00. On the other hand, if the rate breaks listed below 82.91 level with an everyday close then we will be changing our bias to bearish and will target the next assistance at 81.50. The material has been provided by InstaForex Company -www.instaforex.com

By | April 28, 2017

AUD/JPY has been in a corrective structure since the beginning of the week. The volatility in this pair was high after the gap. Today Japan posted mixed economic reports. Thus, the household spending was published negative at -1.3% which was expected to be at -0.6%; the unemployment rate was unchanged at 2.8% which was expected to rise to 2.9%; the preliminary industrial production data was negative at -2.1% which was expected to be at -0.6%; the retail sales report was positive at 2.1% which was expected to be at 1.6% and the housing starts was published positive at 0.2% which was expected to be at -2.5%. JPY showed mixed trading after the economic reports today, which also made the market sentiment quite confused. On the other hand, Australia release the PPI report which was unchanged at 0.5% versus the expected level of 0.3%. The Private Sector Credit was also unchanged at 0.3% which was expected to be at 0.5%. Overall, both currencies had mixed economic reports which did put the market in dilemma. However, the aussie has been stronger against the yen until now.

Now let us look at the technical picture. The price is currently above the 82.91 support level. The price has been in a corrective structure as both buying and selling impulsive market pressure was present in this pair since the start of the week. Currently, it is expected that the price will move further up towards 85.00 area. As long as the price remains above 82.91, the bias is bullish with the target at 85.00. On the other hand, if the price breaks below 82.91 level with a daily close then we will be changing our bias to bearish and will target the next support at 81.50.

analytics59033c7b30be6.jpg

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

NZD/USD Intraday technical levels and trading recommendations for April 28, 2017 888011000 110888 In December 2016, the NZD/USD set was caught within the portrayed price range( 0.6860-0.6990)till a bullish breakout occurred.A bullish breakoutabove 0.6960-0.7000 permitted the pair to head towards the cost level of 0.7100(the key level )which failed to supply adequate bearish pressure on the pair.Bullish determination above 0.7100 permitted a more advance toward 0.7250-0.7350 (Sell-Zone )where the bearish rate action was expected.Bearish perseverance listed below 0.7250 allowed a further decline towards 0.7100 then 0.6960 which cannot offer adequate assistance for the pair.That is why an additional fall was expected towards0.6860(the lower limit of the illustrated BUY zone) where a bullish position was suggested in previous articles.Recently, a bullish breakout was attained above the portrayed crucial level (0.6960). The pair stopped working to reveal adequate bullish momentum above 0.7050. Note the portrayed bullish 1-2-3 pattern remains valid as long as bullish fixation above 0.6900(Lower limitation of the illustrated consolidation zone) is protected every day. Anticipated projection target for the pattern is located around 0.7250. On the other hand, the NZD/USD set is trapped again within the depicted consolidation range(0.6860-0.6960)till breakout happens in either direction.The material has actually been offered by InstaForex Business-www.instaforex.com

By | April 28, 2017

analytics590332ebc7d74.png

In December 2016, the NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected.

Bearish persistence below 0.7250 allowed a further decline toward 0.7100 then 0.6960 which failed to provide enough support for the pair.

That is why a further fall was expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles.

Recently, a bullish breakout was achieved above the depicted key level (0.6960).However, the pair failed to express enough bullish momentum above 0.7050.

Note the depicted bullish 1-2-3 pattern remains valid as long as bullish fixation above 0.6900 (Lower limit of the depicted consolidation zone) is defended on a daily basis. Expected projection target for the pattern is located around 0.7250.

On the other hand, the NZD/USD pair is trapped again within the depicted consolidation range (0.6860-0.6960) until breakout occurs in either direction.

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

USD/CAD intraday technical levels and trading recommendations for April 28, 2017 888011000 110888 Considering that April 2016, the USD/CAD set has actually been trending upward within the portrayed rising channel.In December 2016, a bullishbreakout above 1.3300(50 %Fibonacci level) was expected to allow an additional advance toward 1.3700-1.3750(the ceiling of the portrayed channel). However, considerable bearish rejection was expressed around 1.3580 (just recently established top). During the bearish pullback, the rate level of 1.3300(50% Fibonacci Level)failed to provide adequate support to the pair.This enabled a further bearish movement toward the cost level of 1.2970(61.8%Fibonacci level)where a valid BUY entry was provided in February 2017. A few weeks earlier, the bullish breakout above 1.3300( 50%Fibonacci Level) boosted an additional advance toward 1.3440 and 1.3580. The expected bullish target would be located around 1.3800 (ceiling of theportrayed channel) if the pair maintains upside trading above 1.3580(confluence of popular tops)which has been breached previously this week.On the other hand, if the USD/CADpair moves listed below 1.3300, it might end up being caught once again within the illustrated consolidation variety(1.3300-1.2970). The material has actually been offered by InstaForex Business-www.instaforex.com

By | April 28, 2017

analytics59033157163b3.pnganalytics590331614a155.png

Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel.

In December 2016, a bullish breakout above 1.3300 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel).

However, significant bearish rejection was expressed around 1.3580 (recently established top).

During the bearish pullback, the price level of 1.3300 (50% Fibonacci Level) failed to provide enough support to the pair.

This allowed a further bearish movement toward the price level of 1.2970 (61.8% Fibonacci level) where a valid BUY entry was offered in February 2017.

A few weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3580.

The expected bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3580 (confluence of prominent tops) which has been breached earlier this week.

On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970).

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

GBP/USD analysis for April 28, 2017 888011000 110888 Just recently, the GBP/USD set has been trading upwards. The cost tested the level of 1.2956. Inning accordance with the Daily timespan, I found that cost broke vital resistance (1.2900 ), which is a sign that buyers are in control. My guidance is to look for possible buying opportunties. The very firstupward target isset at the priceof 1.3025. The short– term trend is bearish.Resistance levels: R1: 1.2915 R2: 1.2935 R3: 1.2970 Assistance levels: S1: 1.2855 S2: 1.2835 S3: 1.2800 Trading recommendations for today: expect prospective buying opportunities.The product has been provided by InstaForex Business-www.instaforex.com

By | April 28, 2017

analytics590328d93c54a.png

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2956. According to the Daily time frame, I found that price broke critical resistance (1.2900), which is a sign that buyers are in control. My advice is to watch for potential buying opportunties. The first upward target is set at the price of 1.3025. The short–term trend is bearish.

Resistance levels:

R1: 1.2915

R2: 1.2935

R3: 1.2970

Support levels:

S1: 1.2855

S2: 1.2835

S3: 1.2800

Trading recommendations for today: watch for potential buying opportunities.

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

AUD/USD screening major assistance, stay bullish

By | April 28, 2017

Cost has reversed right above our stop loss from the other day. We stay bullish with the price now testing significant assistance at 0.7456(Fibonacci extension, Elliott wave theory, bullish divergence) and we anticipate to see a bounce above this level to a minimum of 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing significant support above the 7% level where we anticipate a bounce from. We can likewise see bullish divergence vs price signaling that a bounce is impending.Buy above 0.7456. Stop loss at 0.7434. Take revenue at 0.7520. The product has been supplied by InstaForex Company – www.instaforex.com

USD/CHF testing significant resistance, prepare to sell

By | April 28, 2017

We prepare to sell listed below significant resistance at 0.9956(Fibonacci retracement, horizontal overlap resistance, long-lasting descending resistance )for a push down to 0.9896 assistance(Fibonacci extension, horizontal swing low assistance).

Stochastic (34,5,3) is seeing descending resistance holding the rate down correspondingly.Sell below 0.9956.

Stop loss at 0.9975. Take earnings at 0.9896. The product has been supplied by InstaForex Company – www.instaforex.com

USD/JPY analysis for April 28, 2017 888011000 110888 Recently, the USD/JPY set has been trading sideways at the rate of 111.45. According to the 1H timespan, I discovered concealed bearish divergence in the background, a balanced triangle is being formed. My guidance is to watch for a potential breakout of the assistance to verify the bearish circumstance . The very first downawrd target is set at the cost of110.60. I see that USD/JPY is still in theshort– term downward trend.Resistance levels: R1: 111.50 R2: 111.65 R3: 111.90 Support levels: S1: 111.05 S2: 110.90 S3: 111.65 Trading recommendations for today: watch for prospective selling opportunities.The product has actually been offered by InstaForex Company-www.instaforex.com

By | April 28, 2017

analytics5903205462b0c.png

Recently, the USD/JPY pair has been trading sideways at the price of 111.45. According to the 1H time frame, I found hidden bearish divergence in the background, a symmetrical triangle is being formed. My advice is to watch for a potential breakout of the support to confirm the bearish scenario. The first downawrd target is set at the price of 110.60. I see that USD/JPY is still in the short–term downward trend.

Resistance levels:

R1: 111.50

R2: 111.65

R3: 111.90

Support levels:

S1: 111.05

S2: 110.90

S3: 111.65

Trading recommendations for today: watch for potential selling opportunities.

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