Category Archives: Quick Forex

Daily analysis of Silver for February 15, 2017 888011000 110888 Introduction Silver reveals some small bearish predisposition approaching from the intraday bullish channel’s assistance. As long as the cost is above 17.43 level, the bullish trend situation will stay active for the upcoming duration, supported by the EMA50, which protects trading inside the pointed out channel. Wait on targetting 18.30 level initially. When it is breached, it represents the essential to head towards 19.38 as the next main station. The expected trading range for today is between 17.70 assistance and 18.30resistance. The product has been supplied by InstaForex Company- www.instaforex.com

By | February 15, 2017

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Overview

Silver shows some slight bearish bias approaching from the intraday bullish channel’s support. As long as the price is above 17.43 level, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, which protects trading inside the mentioned channel. Wait for targetting 18.30 level initially. When it is breached, it represents the key to head towards 19.38 as the next main station. The expected trading range for today is between 17.70 support and 18.30 resistance.

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

Yellen Repeats Hawkish Remarks After Inflation Data

By | February 15, 2017

Shortly after information showed U.S. inflation surged by the most in four years, Federal Reserve Chair Janet Yellen duplicated that policy makers are prepared to raise interest rates in the near term.

Yellen the other day told the Senate Banking Committee: “Waiting too long to remove accommodation would be risky, possibly needing the FOMC to eventually raise rates quickly, which might risk disrupting monetary markets and pushing the economy into economic crisis.”

Her prepared remarks to your house Committee on Financial Services equaled today.

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

Intraday technical levels and trading recommendations for GBP/USD for February 15, 2017 888011000 110888 By the end of June a considerable bearish break below1.3550 was revealed as seen on the illustrated charts(Essential Reasons). Bearish determination below the need level at 1.3550 boostedthe bearish situation towards the rate levels around 1.2700(Bearish forecast target). The GBP/USD pair has been trapped inside the portrayed consolidationrange (above 1.2700)until a bearish breakout occurred on October 6. Daily determination listed below 1.2700 validated the bearish Flag pattern.That is why a bearish forecast target was anticipated near 1.2020. On October 25, bullish recovery was started around the rate level of 1.2080. That is why a bullish pullback was performed toward 1.2700-1.2750. Dangerous traders considered this bullish pullbacktowards the price zone of 1.2700-1.2750 to be a valid OFFER entry. All T/P levels were effectively reached.On January 16, a bullish engulfing candlestick was revealed around the need level of 1.2000. That is why another bullish breakout above 1.2430 was initiated.The next bullish target is located around 1.2750where bearish rejection should be expected.On the other hand, the next bearish destination would be located around 1.1200 when bearish momentum is resumed.The product has actually been offered by InstaForex Company -www.instaforex.com

By | February 15, 2017

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By the end of June a significant bearish break below 1.3550 was expressed as seen on the depicted charts (Fundamental Reasons).

Bearish persistence below the demand level at 1.3550 enhanced the bearish scenario toward the price levels around 1.2700 (Bearish projection target).

The GBP/USD pair has been trapped inside the depicted consolidation range (above 1.2700) until a bearish breakout took place on October 6.

Daily persistence below 1.2700 confirmed the bearish Flag pattern. That is why a bearish projection target was expected near 1.2020.

On October 25, bullish recovery was initiated around the price level of 1.2080. That is why a bullish pullback was executed toward 1.2700-1.2750.

Risky traders considered this bullish pullback toward the price zone of 1.2700-1.2750 to be a valid SELL entry. All T/P levels were successfully reached.

On January 16, a bullish engulfing candlestick was expressed around the demand level of 1.2000. That is why another bullish breakout above 1.2430 was initiated.

The next bullish target is located around 1.2750 where bearish rejection should be expected.

On the other hand, the next bearish destination would be located around 1.1200 when bearish momentum is resumed.

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

Gold analysis for February 15, 2017 888011000 110888 Recently, gold has actually been trading sideways at the rate of $ 1,225.50. According to the 30M timespan, I discovered hidden bullish divergence in development on the moving typical oscillator, which is a sign that sellers lost power. I found prospective parabolic bottom development, which is a really strong kind of bottoming. My recommendations is to enjoy for prospective buying opportunities. Targets are set at the rate of $1,234.50 and$1,244.00. Fibonacci pivot points: Resistance levels: R1: 1,230.85 R2: 1,233.50 R3: 1,237.90 Support levels: S1: 1,222.10 S2: 1,219.45 S3: 1,215.75 Trading suggestions for today : look for possible purchasing opportunities.The material has been provided by InstaForex Company -www.instaforex.com

By | February 15, 2017

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Recently, gold has been trading sideways at the price of $1,225.50. According to the 30M time frame, I found hidden bullish divergence in creation on the moving average oscillator, which is a sign that sellers lost power. I found potential parabolic bottom formation, which is a very strong type of bottoming. My advice is to watch for potential buying opportunities. Targets are set at the price of $1,234.50 and $1,244.00.

Fibonacci pivot points:

Resistance levels:

R1: 1,230.85

R2: 1,233.50

R3: 1,237.90

Support levels:

S1: 1,222.10

S2: 1,219.45

S3: 1,215.75

Trading recommendations for today: watch for potential buying opportunities.

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

Intraday technical levels and trading suggestions for EUR/USD for February 15, 2017 888011000 110888 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Thus, a long-lasting bearish target was forecasted toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997. Later on in April 2015, a strong bullish recovery was observed around the pointed out need level.However, next monthly candlesticks(September, October, and November)reflected a strong bearish rejection around the location of 1.1400-1.1500. In the long term, the level of 0.9450 stays a projected target if the current regular monthly candlestick attains bearish closure below the illustrated monthly need levelof 1.0570. Otherwise, the EUR/USD pair remains caught within the portrayed consolidation range(1.0570-1.1400). The long-lasting outlook for the EUR/USD pair staysbearish as the regular monthly chart highlights. Bearish perseverance listed below 1.0575 is needed to pursue this bearish scenario.On November 14, bearish perseverance listed below 1.0825(Key-Level 2)enabled more decline towards 1.0570( need level) where evident bullish rejection was expressed on November 24. Quickly after, the Fibonacci Level 50%(1.0825)constituted a current supply level which used avalid SELL entry on December 8. Bearish persistence below the portrayed need level (1.0570) was anticipated to allow more decrease towards 1.0220. Significant bullish recovery was expressed around the rate level of 1.0340 on January 3. Bullish persistence above 1.0600 allowed further bullish advance toward 1.0825-1.0850( Fibonacci Level 50 %)where bearish rejection and a valid SELL entry were anticipated.At the moment, the price level of 1.0570 stands as a prominent demand level to be looked for corrective bullish rejection . Otherwise, additional bearish decrease can be carried out to 1.0400. The material has actually been supplied by InstaForex Company -www.instaforex.com

By | February 15, 2017

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In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010.

Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997.

Later in April 2015, a strong bullish recovery was observed around the mentioned demand level.

However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

In the long term, the level of 0.9450 remains a projected target if the current monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0570.

Otherwise, the EUR/USD pair remains trapped within the depicted consolidation range (1.0570-1.1400).

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The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish persistence below 1.0575 is needed to pursue this bearish scenario.

On November 14, bearish persistence below 1.0825 (Key-Level 2) allowed further decline toward 1.0570 (demand level) where evident bullish rejection was expressed on November 24.

Shortly after, the Fibonacci Level 50% (1.0825) constituted a recent supply level which offered a valid SELL entry on December 8.

Bearish persistence below the depicted demand level (1.0570) was expected to allow further decline toward 1.0220. However, significant bullish recovery was expressed around the price level of 1.0340 on January 3.

Bullish persistence above 1.0600 allowed further bullish advance toward 1.0825-1.0850 (Fibonacci Level 50%) where bearish rejection and a valid SELL entry were anticipated.

At the moment, the price level of 1.0570 stands as a prominent demand level to be watched for corrective bullish rejection. Otherwise, further bearish decline can be executed towards 1.0400.

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

Australia Customer Confidence Jumps In February – Westpac

By | February 15, 2017

Consumer self-confidence in Australia climbed in February, the current survey from Westpac Bank revealed on Wednesday.

The index advanced 2.3 percent to a rating of 99.6 – just shy of the boom-or-bust line of 100 that separates optimism from pessimism.

In January, the index added 0.1 percent to a score of 97.4.

An increase in employment and self-confidence in individual financial resources spurred the increase, the bank said.

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