Category Archives: Quick Forex

Technical analysis of USD/CHF for September 14, 2017 888011000 110888 All our upside targets which we anticipated in the other day’s analysis has been struck. The pair is trading above its increasing 50-periodmoving average, which plays an assistance function and preserves the upside bias. The relative strength index is blended with a bullish predisposition. The U.S. Labor Department reported that the producer-price index(PPI )grew 0.2%on month in August, compared with +0.3%expected and -0.1%in July. Financiers are carefully viewing the consumer-price index (CPI)report due later today, which will be tracked by the U.S. Federal Reserve as recommendation for arranging the next rate of interest rise.Hence, as long as 0.9605 hangs on the downside, an additional benefit to 0.9660 as well as to 0.9705 appears more likely to happen. Chart Explanation: The black line reveals the pivot point. Today rate above the pivot point indicates a bullish position, and the cost listed below the pivot points indicates a short position. The red lines reveal the supportlevels and the green line shows the resistance levels. These levels can be utilized to go into and exit trades.Strategy: BUY, Stop Loss: 0.9615, Take Revenue: 0.9705 Resistance levels: 0.9705, 0.9750, and 0.9800 Assistance levels : 0.9580, 0.9545, and 0.9500 The product has been offered by InstaForex Company-www.instaforex.com

By | September 14, 2017

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All our upside targets which we predicted in yesterday’s analysis has been hit. The pair is trading above its rising 50-period moving average, which plays a support role and maintains the upside bias. The relative strength index is mixed with a bullish bias.

The U.S. Labor Department reported that the producer-price index (PPI) grew 0.2% on month in August, compared with +0.3% expected and -0.1% in July. Investors are closely watching the consumer-price index (CPI) report due later today, which will be tracked by the U.S. Federal Reserve as reference for scheduling the next interest rate rise.

Hence, as long as 0.9605 holds on the downside, a further upside to 0.9660 and even to 0.9705 seems more likely to occur.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot points indicates a short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: BUY, Stop Loss: 0.9615, Take Profit: 0.9705

Resistance levels: 0.9705, 0.9750, and 0.9800

Support levels: 0.9580, 0.9545, and 0.9500

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

Technical analysis of GBP/JPY for September 14, 2017 888011000 110888 All our targets which we anticipated in yesterday’s analysis has actually been struck. GBP/JPY is expected to continue its advantage movement. The pair broke above the decreasing pattern line, which validated a negative outlook. The upward momentum is further enhanced by the risining 50-period moving average. The relative strength index is bullish and is calling for another advantage. As long as 146.30 is not exceeded, look for a brand-new test to 148.50 and even to 149.10 in extension. Additionally, if the price relocationsin the instructions opposite to the projection, a brief position is recommended below 146.30 with the target at 145.30. Strategy: PURCHASE, Stop Loss: 146.30, Take Revenue: 148.50. Chart Explanation: the black line shows the pivot point. The rate above the pivot point suggests the bullish position; when it is listed below the pivot points, it suggests a short position. The red lines show the assistance levels and the green lineindicates the resistance levels. These levels canbe used to leave and get in trades.Resistance levels: 148.50, 149.10 , and 149.60 Assistance levels: 145.30 144.80, and 144.00 The material has been supplied by InstaForex Business-www.instaforex.com

By | September 14, 2017

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All our targets which we predicted in yesterday’s analysis has been hit. GBP/JPY is expected to continue its upside movement. The pair broke above the declining trend line, which confirmed a negative outlook. The upward momentum is further reinforced by the risining 50-period moving average. The relative strength index is bullish and is calling for another upside.

Hence, as long as 146.30 is not surpassed, look for a new test to 148.50 and even to 149.10 in extension.

Alternatively, if the price moves in the direction opposite to the forecast, a short position is recommended below 146.30 with the target at 145.30.

Strategy: BUY, Stop Loss: 146.30, Take Profit: 148.50.

Chart Explanation: the black line shows the pivot point. The price above the pivot point indicates the bullish position; and when it is below the pivot points, it indicates a short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 148.50, 149.10, and 149.60

Support levels: 145.30 144.80, and 144.00

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

Italy Inflation Rises As Approximated In August

By | September 14, 2017

Italy’s customer rate inflation sped up marginally as at first estimated in August, newest figures from the statistical workplace Istat showed Thursday.

Consumer costs climbed up 1.2 percent year-over-year in August, just above the 1.1 percent rise in July. That was in line with the flash data published on August 31.

Omitting energy and unprocessed food, core inflation was 1.0 percent in August, up from 0.8 percent in the previous month.

Inflation, based upon the balanced index of customer prices, increased to 1.4 percent from 1.2 percent a month ago.

Month-on-month, the HICP edged up 0.1 percent. Thus, the flash estimate was validated.

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

Swiss Franc Pulls away After SNB Rate Choice

By | September 14, 2017

The Swiss Franc retreated from current highs versus other significant currencies in the early European session on Thursday, after Swiss Central Bank preserved unfavorable rate of interest in the financial policy conference.

The Swiss National Bank kept its expansionary financial policy and upgraded its inflation projections.

The rates of interest on sight deposits at the SNB was kept at -0.75 percent and the target variety for the three-month Libor was kept unchanged in between -1.25 percent and -0.25 percent.

The Bank said the Swiss franc has compromised versus the euro and valued against the dollar since the last monetary policy meeting.

“In general, this advancement is assisting to minimize, to some level, the considerable overvaluation of the currency,” the Bank said. However, the Swiss Franc remains highly valued and the circumstance on the forex market is still vulnerable.

The unfavorable interest rate and the SNB’s determination to intervene in the forex market therefore stay necessary in order to reduce the appearance of Swiss Franc investments and thus reduce pressure on the currency.

In the Asian trading today, the Swiss Franc held steady versus its significant competitors.

In the European trading, the Swiss Franc was up to a 2-day low of 114.29 against the yen, from a recent high of 114.74. The Franc might evaluate support near the 112.00 area.

Versus the euro and the pound, the franc dropped to 1.1496 and 1.2769 from a current 2-day high of 1.1439 and 1.2714, respectively. If the Franc extends its downtrend, it is likely to discover support around 1.15 against the euro and 1.28 versus the pound.

The franc edged down to 0.9659 against the U.S. dollar, from a recent high of 0.9618. On the disadvantage, 0.97 is viewed as the next resistance level for the franc.

Looking ahead, at 7:00 am ET, the Bank of England launches the result of its financial policy conference along with minutes. Economic experts anticipate the bank to keep interest rates the same at 0.25 percent and asset purchase target at GBP 435 billion.

In the New york city session, U.S. weekly unemployed claims for the week ended September 9, U.S. CPI information for August and Canada brand-new real estate rate index for July are slated for release.

At 11:30 am ET, Deutsche Bundesbank President Jens Weidmann is anticipated to speak about financial policy after a crisis at Goethe University, in Frankfurt.

At 12:00 pm ET, European Reserve bank Executive Board Member Yves Mersch will participate in closing session “Economic and Financial Priorities for relaunching the Eurozone and the EU” at Eurofi Financial Online forum 2017 “What method forward for the EU27 and Eurozone?” in Tallinn.

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

Elliott wave analysis of EUR/NZD for September 14, 2017 888011000 110888 Wave summary: Red wave iv preferably completed with the test of 1.6327 and red wave v to above 1.6690 ought to be developing. A firm break above minor resistance at 1.6488 and more notably a break above resistance at 1.6569will verify that wave iv has finished and red wave v greater is establishing for a rally towards 1.6883. R3: 1.6624 R2: 1.6569 R1: 1.6522 Pivot: 1.6488 S1: 1.6395 S2: 1.6327 S3: 1.6309 Trading suggestion: We purchased EUR at 1.6395 and we have actually put our stop at 1.6295. If you are not long EUR yet, then purchase EUR upon a break above 1.6488 and utilize the very same stop at 1.6290. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | September 14, 2017

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Wave summary:

Red wave iv ideally completed with the test of 1.6327 and red wave v to above 1.6690 should be developing. A firm break above minor resistance at 1.6488 and more importantly a break above resistance at 1.6569 will confirm that wave iv has completed and red wave v higher is developing for a rally towards 1.6883.

R3: 1.6624

R2: 1.6569

R1: 1.6522

Pivot: 1.6488

S1: 1.6395

S2: 1.6327

S3: 1.6309

Trading recommendation:

We bought EUR at 1.6395 and we have placed our stop at 1.6295. If you are not long EUR yet, then buy EUR upon a break above 1.6488 and use the same stop at 1.6290.

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

Elliott wave analysis of EUR/JPY for September 14, 2017 888011000 110888 Wave summary: As long as support at 129.35 is able to secure the disadvantage, as long will we be looking for more upside pressure to 134.80 and ideally a continuation higher to the perfectwave (D)target at 137.36. Only anunexpected break below assistance at 129.35 will indicatethat wave(D)has actually completed early and wave(E)currently is establishing. R3: 132.67 R2: 132.19 R1: 132.00 Pivot: 131.50 S1: 131.00 S2: 130.85S3: 130.65 Trading suggestion: We are long EUR from 130.10 with stop put at 130.65. Take revenue is putat 137.15. The product has been supplied by InstaForex Company -www.instaforex.com

By | September 14, 2017

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Wave summary:

As long as support at 129.35 is able to protect the downside, as long will we be looking for more upside pressure towards 134.80 and ideally a continuation higher to the ideal wave (D) target at 137.36. Only an unexpected break below support at 129.35 will indicate that wave (D) has completed early and wave (E) already is developing.

R3: 132.67

R2: 132.19

R1: 132.00

Pivot: 131.50

S1: 131.00

S2: 130.85

S3: 130.65

Trading recommendation:

We are long EUR from 130.10 with stop placed at 130.65. Take profit is placed at 137.15.

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

Technical analysis of EUR/USD for Sept 14, 2017 888011000 110888 When the European market opens, some economic data is due today such as French Final CPI m/m. The US will present its stats such as Gas Storage, Joblessness Claims, Core CPI m/m, and CPI m/m. Amid the reports, EUR/USD will move with low to medium volatilityduring this day.TODAY’S TECHNICAL LEVELS:Breakout BUY Level: 1.1945. Strong Resistance:1.1938.Original Resistance: 1.1927. Inner Offer Location: 1.1916.Target Inner Location: 1.1888. Inner Buy Location: 1.1860.Original Assistance: 1.1849. Strong Assistance: 1.1838. Breakout OFFER Level: 1.1831. Disclaimer: Trading Forex( forex )on margin carries a high level of danger, and might not appropriate for all financiers. The high degree of utilize can work versus you along with for you. Before choosing to buy forex you should carefully consider your investment objectives, level of experience, and threat cravings. The possibility exists that you could sustain a loss of some or all your preliminary financial investment and for that reason you should not invest cash that you can not afford to lose. You ought to be aware of all the threats related to foreign exchange trading, and consult from an independent financial consultant if you have any doubts.The product has actually been offered by InstaForex Company-www.instaforex.com

By | September 14, 2017

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When the European market opens, some economic data is due today such as French Final CPI m/m. The US will present its statistics such as Natural Gas Storage, Unemployment Claims, Core CPI m/m, and CPI m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1945.

Strong Resistance:1.1938.

Original Resistance: 1.1927.

Inner Sell Area: 1.1916.

Target Inner Area: 1.1888.

Inner Buy Area: 1.1860.

Original Support: 1.1849.

Strong Support: 1.1838.

Breakout SELL Level: 1.1831.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

China Industrial Output Rises 6.0% In August

By | September 14, 2017

Commercial production in China was up 6.0 percent on year in August, the National Bureau of Stats said on Thursday.

That missed out on projections for a boost of 6.6 percent and was below 6.4 percent in July.

The bureau also stated that retail sales were up 10.1 percent on year – once again missing expectations for 10.5 percent and slowing from 10.4 percent a month earlier.

Fixed possession financial investment advanced an annual 6.7 percent – also shy of forecasts for 6.8 percent, which would have been unchanged from the previous month.

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

Australia Joblessness Rate Unchanged At 5.6%

By | September 14, 2017

The unemployment rate in Australia held steady at a seasonally adjusted 5.6 percent in August, the Australian Bureau of Data said on Thursday.

That was in line with expectations and unchanged from the July reading.

The Australian economy added 54,200 tasks to 12,269,000 in August, beating projections for an addition of 20,000 jobs following the addition of 27,900 tasks in the previous month.

The involvement rate ticked approximately 65.3 percent – exceeding expectations for 65.1 percent, which would have been unchanged.

Full-time work increased 40,100 to 8,392,300 and part-time work increased 14,100 to 3,876,700.

Joblessness decreased 1,100 to 727,500. The variety of unemployed individuals trying to find full-time work increased 6,400 to 501,600 and the variety of unemployed individuals just searching for part-time work decreased 7,500 to 225,900.

Regular monthly hours operated in all jobs increased 6.1 million hours (0.4 percent) to 1,705.4 million hours.

The manpower underemployment rate decreased 0.2 indicate 8.6 percent. The underutilization rate fell 0.2 points to 14.1 percent.

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

URUGUAY: Lucia Topolansky Takes Office As Nation'’s Vice President

By | September 13, 2017

Uruguayan Senator Luc?a Topolansky took workplace on Wednesday before the General Assembly of the Parliament as her country’s vice president. Spouse of the previous Uruguayan President Jos? ‘Pepe,’ Luc?a Topolansky was inducted as vice president after Raul Sendic’s resignation on Saturday.

Sendic resigned amid claims of mismanagement of public funds after the left-wing Broad Front’s Political Conduct Court implicated him of lying in his explanations.

Lucia Topolansky said that Sendic’s resignation set off “a political crisis that is emerging,” but clarified that “it is not an institutional crisis.”

The Congress accepted Sendic’s resignation and appointed Topolansky, who immediately would end up being vice president of the country, as developed in the Uruguayan Constitution.

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