Category Archives: Quick Forex

Everyday analysis of USD/JPY for November 29, 2016 888011000 110888 Overview The USD/JPY pair was trading upwards yesterday to retest the previously damaged assistance of the bullish channel as appears on the chart. This hints that the pair is going to resume the bearish predisposition in the approaching duration, which is thought about as a bearish correction for the bullish wave determined from 101.17 to 113.88. For that reason, the bearish predisposition is recommended on the intraday and short-term basis, unless the price handled to breach 112.78 and the most crucial 113.88. Please know that the correctional targets are seen at 110.88 and 109.05 after breaking the previous level . The anticipated trading variety for today is between 110.88 assistance and 113.00 resistance. The material has actually been supplied by InstaForex Company – www.instaforex.com

By | November 29, 2016

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Overview

The USD/JPY pair was trading upwards yesterday to retest the previously broken support of the bullish channel as appears on the chart. This hints that the pair is going to resume the bearish bias in the upcoming period, which is considered as a bearish correction for the bullish wave measured from 101.17 to 113.88. Therefore, the bearish bias is suggested on the intraday and short-term basis, unless the price managed to breach 112.78 and the most important 113.88. Please be aware that the correctional targets are seen at 110.88 and 109.05 after breaking the previous level. The expected trading range for today is between 110.88 support and 113.00 resistance.

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

Day-to-day analysis of Gold for November 29, 2016 888011000 110888 Overview The gold cost deals with strong resistance formed by the formerly damaged support shown on the chart that turned into resistance at 1,195.00. The EMA50 includes extra unfavorable pressure to secure the pointed out resistance, which may cause more sideways changes up until the price gets enough positive momentum to breach this level and resume the recently suggested bullish pattern. In general, we still expect the bullish trend in the upcoming duration offered the strength that the 61.8%Fibonacci correction level revealed against the current unfavorable pressure. Holding above 1,172.68 levels represents crucial condition for additional benefit, which primary targets start at 1,211.31 and encompass 1,249.94 after breaching the previous level.The anticipated trading range for today is in between the 1,172.00 support and the 1,211.31 resistance.The product has actually been provided by InstaForex Company- www.instaforex.com

By | November 29, 2016

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Overview

The gold price faces strong resistance formed by the previously broken support shown on the chart that turned into resistance at 1,195.00. The EMA50 adds extra negative pressure to protect the mentioned resistance, which might cause more sideways fluctuations until the price gets enough positive momentum to breach this level and resume the recently suggested bullish trend. In general, we still expect the bullish trend in the upcoming period given the strength that the 61.8% Fibonacci correction level showed against the recent negative pressure. Holding above 1,172.68 levels represents key condition for further upside, which main targets begin at 1,211.31 and extend to 1,249.94 after breaching the previous level. The expected trading range for today is between the 1,172.00 support and the 1,211.31 resistance.

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

<aDaily analysis of Silver for November 29, 2016 888011000 110888 Summary Silver cost is hovering around 16.56, accompanied by a stochastic technique from the oversold areas. This keeps the possibilities legitimate to rebound and resume the anticipated bullish trend on the intraday and short-term basis, waiting to check out the first target level of 17.43. Therefore, the bullish outlook stands unless we witness a clear break and the metal holds listed below 16.56. Breaking this level will push the price down to 15.49 directly prior to any brand-new positive effort. Breaching 17.43 represents the crucial to extend silver price gains to reach 18.30 as the next target level. The expected trading variety for today is between 16.40 support and 16.90 resistance. The material has actually been supplied by InstaForex Business- www.instaforex.com

By | November 29, 2016

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Overview

Silver price is hovering around 16.56, accompanied by a stochastic approach from the oversold areas. This keeps the chances valid to rebound and resume the expected bullish trend on the intraday and short-term basis, waiting to visit the first target level of 17.43. Therefore, the bullish outlook is valid unless we witness a clear break and the metal holds below 16.56. Breaking this level will push the price down to 15.49 directly before any new positive attempt. Breaching 17.43 represents the key to extend silver price gains to reach 18.30 as the next target level. The expected trading range for today is between 16.40 support and 16.90 resistance.

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

<aGlobal macro introduction for 29/11/2016

By | November 29, 2016

International macro introduction for 29/11/2016: The main event for the day is the United States GDP Second Release at 01:30 pm GMT and Consumer Self-confidence Index at 03:00 pm GMT. The market individuals are anticipating a slight uptick in GDP for the third quarter from 2.9% to 3.0% (seasonally changed annualized rate) in the initial estimate. Today’s release is on track to include a bit more edge to the trend as the broad trend for the world’s biggest economy has been firming up lately. The state of mind of the consumer sector seems to enhance as international investors are expecting the increase from 98.6 points in October to 101.3 points in November. The possible factor behind this optimism is the preliminary response of customers to Trump’s victory. Strong information on retail spending supports a brighter mood. Real (inflation-adjusted) sales increased 2.6% in the year through October– the greatest increase considering that February. In conclusion, if today’s information matches or beats the expectations, the United States dollar rally should continue higher.

Let’s now take a look at the EUR/USD technical photo on the 4H time frame. The failure to break out the technical resistance at the level of 1.0665 resulted in a more decrease towards the local low at the level of 1.0515. If data beats the expectations, this level ought to be checked or broken quickly.

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

Technical analysis of USD/CAD for November 29, 2016 888011000 110888 General summary for 29/11/2016:Another corrective wave has actually been made (identified as a (green)) as the marketplace keeps trading horizontally between the intraday assistance at the level of 1.3378 and intraday resistance at the level of 1.3566. The first three waves of this wave development have actually been completed and now it looks like the tow for the wave x (green) is in location. That would mean the marketplace must move lower, to the intraday support, after the weekly pivot at the level of 1.3482 is tested and wave b (green) is made too. Support/Resistance:1.3588 – Local High1.3583 – WR11.3566 – Intraday Resistance1.3482 – Weekly Pivot1.3429 – WS11.3378 – Intraday Assistance1.3323 – WS2Trading recommendations:As the corrective cycle is still unfolding, daytraders should open only sell orders around the level of 1.3482 as there is incomplete wave progression to the drawback.. The material has been offered by InstaForex Business – www.instaforex.com

By | November 29, 2016

General overview for 29/11/2016:

Another corrective wave has been made (labeled as a (green)) as the market keeps trading horizontally between the intraday support at the level of 1.3378 and intraday resistance at the level of 1.3566. The first three waves of this wave progression have been completed and now it looks like the tow for the wave x (green) is in place as well. That would mean the market should move lower, towards the intraday support, after the weekly pivot at the level of 1.3482 is tested and wave b (green) is made as well.

Support/Resistance:

1.3588 – Local High

1.3583 – WR1

1.3566 – Intraday Resistance

1.3482 – Weekly Pivot

1.3429 – WS1

1.3378 – Intraday Support

1.3323 – WS2

Trading recommendations:

As the corrective cycle is still unfolding, daytraders should open only sell orders around the level of 1.3482 as there is incomplete wave progression to the downside.

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

<aTechnical analysis of EUR/JPY for November 29, 2016 888011000 110888 General overview for 29/11/2016:The marketplace made nearly a book correction to the level of 118.50 where the intraday support is. This correction has been identified as wave (iv), so there is another wave to the benefit missing out on, wave (v). Presently, the market is trading around the weekly pivot at the level of 119.23 and is aiming to bounce above the internal supply zone at the level of 119.70. If this level is violated, then the market must break out above the intraday high at the level of 120.16. Support/Resistance:112.16 – Intraday Resistance119.23 – Weekly Pivot118.49 – Intraday Assistance118.32 – WS1116.37 – WS2Trading suggestions:All the buy orders opened around the level of 118.50 needs to be now kept open as there is uncompleted wave progression to the benefit.The product has been provided by InstaForex Business- www.instaforex.com

By | November 29, 2016

General overview for 29/11/2016:

The market made almost a textbook correction down to the level of 118.50 where the intraday support is. This correction has been labeled as wave (iv), so there is one more wave to the upside missing, wave (v). Currently, the market is trading around the weekly pivot at the level of 119.23 and is trying to bounce above the internal supply zone at the level of 119.70. If this level is violated, then the market should break out above the intraday high at the level of 120.16.

Support/Resistance:

112.16 – Intraday Resistance

119.23 – Weekly Pivot

118.49 – Intraday Support

118.32 – WS1

116.37 – WS2

Trading recommendations:

All the buy orders opened around the level of 118.50 should be now kept open as there is uncompleted wave progression to the upside.

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

EUR/NZD analysis for November 29, 2016 888011000 110888 Recently, EUR/NZD has actually been moving downwards. As I anticipated, the rate tested the level of 1.4929 in a high volume. Utilizing the marketplace profile on the M30 amount of time, I found that price went from balance to imbalance. Besides, the rate broke the swing low from yesetrday, which is a sign of weak point. Look for selling chances on the pullbacks. I positioned Fibonacci growth to discover potential downward target and got the growth 100 %at the cost of 1.4875 andFibonacci expansion 161.8%at the rate of 1.4790. Fibonacci Pivot Points : Resistancelevels R1: 1.5070R2: 1.5100 R3: 1.5150 Assistance levels: S1: 1.4965 S2: 1.4935 S3: 1.4882 Trading suggestions for today: expect a possible downward movement.The product has been provided by InstaForex Company- www.instaforex.com

By | November 29, 2016

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Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.4929 in a high volume. Using the market profile on the M30 time frame, I found that price went from balance to imbalance. Besides, the price broke the swing low from yesetrday, which is a sign of weakness. Watch for selling opportunities on the pullbacks. I placed Fibonacci expansion to find potential downward target and got the expansion 100% at the price of 1.4875 and Fibonacci expansion 161.8% at the price of 1.4790.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5070

R2: 1.5100

R3: 1.5150

Support levels:

S1: 1.4965

S2: 1.4935

S3: 1.4882

Trading recommendations for today: watch for a potential downward movement.

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

Gold analysis for November 29, 2016 888011000 110888 Because our previous analysis, gold has actually been trading sideways at the price fo $1,188.50. The analysis from the other day is still legitimate. Utilizing the market profile analysis, I found a strength of control at the rate of$1,186.00. Anyway, I found the trading variety in between the price of$1,180.40 (support) and the rate of $1,197.00(resistance). The short-term pattern is downward however my advice is to expect a potential breakout of a trading variety to confirm a direction. Thebreakout of resistance might verify additional screening of$1,212.00. The breakout of supportmight verify potential screening of$1,173.00. Fibonacci pivot points: Resistance levels: R1: 1,190.45 R2: 1,191.00 R3: 1,192.00 Support levels: S1: 1,188.75 S2: 1,188.00 S3: 1,187.40 Trading suggestions fortoday: Expect a prospective breakout of a trading variety to verify a more direction.The product has been offered by InstaForex Business- www.instaforex.com

By | November 29, 2016

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Since our previous analysis, gold has been trading sideways at the price fo $1,188.50. The analysis from yesterday is still valid. Using the market profile analysis, I found a strong point of control at the price of $1,186.00. Anyway, I found the trading range between the price of $1,180.40 (support) and the price of $1,197.00 (resistance). The short-term trend is downward but my advice is to watch for a potential breakout of a trading range to confirm a direction. The breakout of resistance may confirm further testing of $1,212.00. The breakout of support may confirm potential testing of $1,173.00.

Fibonacci pivot points:

Resistance levels:

R1: 1,190.45

R2: 1,191.00

R3: 1,192.00

Support levels:

S1: 1,188.75

S2: 1,188.00

S3: 1,187.40

Trading recommendations for today: Watch for a potential breakout of a trading range to confirm a further direction.

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

<aUSD/CAD intraday technical levels and trading recommendations for November 29, 2016 888011000 110888 On May 16, a bullish pullback towards 1.3000 (61.8%Fibonacci level)was anticipated to use a valid signal to sell the USD/CAD pair. A lack of a significant bearish rejection was manifested during recent consolidations.On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the method towards the 1.3180 level whereconsiderable bearish pressure was originated.Bearish perseverance below 1.3000-1.2970 (61.8% Fibonacci level) was needed to improve bearish momentum in the market.However, on August 18 indications of bullish healing were manifestedaround the rate level of 1.2830 which led to the present bullish breakout above 1.3000. The USD/CAD set was caught in between the rate levels of 1.3000(61.8 %Fibonacci level)and 1.3360(50%Fibonacci level)up until bullish breakout occurred 3 weeks ago.Note that the USD/CAD set was challenging the upper limit of the depicted flag pattern around 1.3360-1.3400 which failed to apply enough bearish pressure on the pair.Bullish determination above 1.3360 will probably liberate a fast bullish motion towards 1.3650 unless the set comes to close listed below 1.3360 prior to the end of the current week.The material has actually been supplied by InstaForex Business – www.instaforex.com

By | November 29, 2016

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On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations.

On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant bearish pressure was originated.

Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market.

However, on August 18 signs of bullish recovery were manifested around the price level of 1.2830 which led to the current bullish breakout above 1.3000.

The USD/CAD pair was trapped between the price levels of 1.3000 (61.8% Fibonacci level) and 1.3360 (50% Fibonacci level) until bullish breakout took place three weeks ago.

Note that the USD/CAD pair was challenging the upper limit of the depicted flag pattern around 1.3360-1.3400 which failed to apply enough bearish pressure on the pair.

Bullish persistence above 1.3360 will probably liberate a quick bullish movement towards 1.3650 unless the pair comes to close below 1.3360 before the end of the current week.

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