Category Archives: Quick Forex

Intraday technical levels and trading recommendations for GBP/USD for February 1, 2017 888011000 110888 By the end of June a substantial bearish break below1.3550 was expressed as seen on the illustrated charts(Essential Reasons). Bearish determination listed below the demand level at 1.3550 boostedthe bearish scenario towards the cost levels around 1.2700(Bearish projection target). The GBP/USD set has actually been trapped inside the portrayed consolidation variety(above 1.2700) up until a bearish breakout occurred on October 6. Daily perseverance 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 cost level of 1.2080. That is why, a bullish pullback was carried out towards1.2700-1.2750. Dangerous traders considered this bullish pullback towards the cost 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 expressed around the demand level of 1.2000. That’s why, another bullish breakout above 1.2430 was initiated.The next bullish target lies 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 supplied by InstaForex Company-www.instaforex.com

By | February 1, 2017

analytics58914ae4e21c3.pnganalytics58914b014bd10.png

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’s 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

South Korea Production PMI Slips To 49.0 – Nikkei

By | February 1, 2017

The manufacturing sector in South Korea continued to contract in January, and at a quicker pace, the latest study from Nikkei revealed on Wednesday with a production PMI score of 49.0.

That’s down from 49.4 in December, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Separately, there were quicker falls in both output and brand-new orders, while input costs fell at the sharpest rate in almost six years.

Staff numbers were down in January, although the decline was fractional.

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

Snb Allows Chf Appreciation, Accepts Lower Eur-Chf Exchange Rate

By | January 31, 2017

EUR-CHF slips below the 1.0680 mark following strong export data on Thursday. A generally weaker EUR caused downside pressure. The current level had provided good support for the currency since November.

Swiss FX reserves suggest that it has almost continuously intervened against CHF appreciation since the minimum exchange rate was abandoned two years ago. The current exchange rate is a clear sign that the SNB is increasingly allowing CHF appreciation.

The lower SNB now allows EUR-CHF to fall, the more likely it is that market participants will speculate on SNB allowing further CHF appreciation and the more rapidly EUR-CHF threatens to fall so that sooner or later SNB will have to react with increasing interventions again.

“The return to market based exchange rates for CHF remains a tightrope walk for the SNB. So far there is little to suggest that it will end soon, so much is pointing towards lower EUR-CHF levels medium term.” said Commerzbank in a report.

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

Day-to-day analysis of USD/JPY for January 31, 2017 888011000 110888 Introduction The USD/JPY pair broke 113.97 level and settled listed below it, making the recently recommended positive circumstance void. The cost resumed its decrease and attempted to go back to the bearish channel, pressured by the EMA50. For that reason, we suggest the bearish bias in the upcoming sessions. The targets start at 112.55 followed by 110.55. On the other hand, breaching the level of 113.97 will reactivate the favorable circumstance with the primary target lying at 115.60. The anticipated trading range for today is in between 112.50 support and 114.20 resistance. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | January 31, 2017

USDJPYH4.png

Overview

The USD/JPY pair broke 113.97 level and settled below it, making the recently suggested positive scenario invalid. The price resumed its decline and attempted to return to the bearish channel, pressured by the EMA50. Therefore, we suggest the bearish bias in the upcoming sessions. The targets begin at 112.55 followed by 110.55. On the other hand, breaching the level of 113.97 will reactivate the positive scenario with the main target lying at 115.60. The expected trading range for today is between 112.50 support and 114.20 resistance.

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

Everyday analysis of Gold for January 31, 2016 888011000 110888 Introduction Gold price opened today’s trade with the apparent bullish predisposition to breach 1,197.10 level and settled above it. This allows the positive circumstance on the intraday and short-term basis, leading the way to head to the recently taped top at 1,218.55 as the closest target. The bullish trend will be recommended in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1,197.10 level, as breaking this level may press the cost to check 1,183.83 locations again. The anticipated trading variety for today is between 1,190.00 assistance and 1,218.55 resistance. The product has been provided by InstaForex Business-www.instaforex.com

By | January 31, 2017

GOLDH4.png

Overview

Gold price opened today’s trade with the obvious bullish bias to breach 1,197.10 level and settled above it. This enables the positive scenario on the intraday and short-term basis, paving the way to head towards the recently recorded top at 1,218.55 as the nearest target. Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1,197.10 level, as breaking this level might push the price to test 1,183.83 areas again. The expected trading range for today is between 1,190.00 support and 1,218.55 resistance.

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

Day-to-day analysis of silver for January 31, 2017 888011000 110888 Overview Silver rate has been changing within a tight range considering that the other day. Stochastic handled to get rid of its negativity and started providing favorable signals. It suggests that the bullish pattern can resume in the upcoming sessions, with the very first target lying at 17.43 level. Our bullish introduction stays valid on the intraday and short term basis. Breaching 17.43 level will extend the bullish wave to reach 18.30, while the price needs to hold above 16.56 level to attain the recommended targets. The expected trading variety for today is in between 16.95 support and 17.43 resistance. The product has been offeredby InstaForex Company- www.instaforex.com

By | January 31, 2017

SILVERH4.png

Overview

Silver price has been fluctuating within a tight range since yesterday. Stochastic managed to get rid of its negativity and started providing positive signals. It means that the bullish trend can resume in the upcoming sessions, with the first target lying at 17.43 level. Therefore, our bullish overview remains valid on the intraday and short term basis. Breaching 17.43 level will extend the bullish wave to reach 18.30, while the price needs to hold above 16.56 level to achieve the suggested targets. The expected trading range for today is between 16.95 support and 17.43 resistance.

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

Gold analysis for January 31, 2017 888011000 110888 Recently, gold has actually been trading upawrds. As I expected, the cost evaluated the level of$1,207.78. Inning accordance with the 30M amount of time, I discovered confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My guidance is to expect buying opportunities. A target is set on the supply cluster at the price of$1,218.00. Resistance levels: R1: 1,197.30 R2: 1,200.00 R3: 1,204.30 Assistance levels: S1: 1,188.60 S2: 1,185.90 S3: 1,181.55 Trading suggestions for today : Watch for potential buying opportunities.The product has been provided by InstaForex Company -www.instaforex.com

By | January 31, 2017

analytics5890a0289ef30.png

Recently, gold has been trading upawrds. As I expected, the price tested the level of $1,207.78. According to the 30M time frame, I found confrmed bullish divergence on a Moving Average Oscilator, which is a sign of potential strength. My advice is to watch for buying opportunities. A target is set on the supply cluster at the price of $1,218.00.

Resistance levels:

R1: 1,197.30

R2: 1,200.00

R3: 1,204.30

Support levels:

S1: 1,188.60

S2: 1,185.90

S3: 1,181.55

Trading recommendations for today: Watch for potential buying opportunities.

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

EUR/NZD analysis for January 31, 2017 888011000 110888 Just recently, EUR/NZD has actually been trading sideways at the rate of 1.4710. According to the 15M timespan, I found concealed bearish divergence on the moving average oscilator and a strong pin bar on the second swing high. My suggestions is to watch for offering chances. A downward target is set at the rate of 1.4645. Anyway, tovalidate surprise divergence the cost has to break the level of 1.4688. FibonacciPivot Points : Resistance levels R1: 1.4750 R2: 1.4785 R3: 1.4840 Support levels: S1: 1.4650 S2: 1.4615 S3: 1.4560 Trading suggestions for today: look for potential selling opportunities.The product has actually been offered by InstaForex Business-www.instaforex.com

By | January 31, 2017

analytics58909bbe4e5b7.png

Recently, EUR/NZD has been trading sideways at the price of 1.4710. According to the 15M time frame, I found hidden bearish divergence on the moving average oscilator and a strong pin bar on the second swing high. My advice is to watch for selling opportunities. A downward target is set at the price of 1.4645. Anyway, to confirm hidden divergence the price needs to break the level of 1.4688.

Fibonacci Pivot Points:

Resistance levels

R1: 1.4750

R2: 1.4785

R3: 1.4840

Support levels:

S1: 1.4650

S2: 1.4615

S3: 1.4560

Trading recommendations for today: watch for potential selling opportunities.

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