Category Archives: Quick Forex

AUD/USD beginning to drop nicely, stay bearish

By | January 27, 2017

We stay bearish listed below significant resistance at 0.7580(Fibonacci retracement, Fibonacci projection, horizontal overlap resistance)with rate just recently breaking a long term support-turned-resistance line. We anticipate a strong ongoing drop from this level to at least 0.7447 assistance (Fibonacci retracement, swing low support).

Stochastic (21,5,3) remains at 92% resistance and sees bearish divergence vs price signalling a reversal which is approaching.Sell listed below 0.7580.

Stop loss at 0.7644. Take earnings at 0.7447. The material has actually been offered by InstaForex Business – www.instaforex.com

Day-to-day analysis of GBP/USD for January 27, 2016 888011000 110888 Summary The GBP/USD pair reveals more unfavorable pressure to method from checking the crucial support 1.2505, while stochastic programs clear oversold signals to form bullish momentum that we are waiting for to allow the rate to rise again. In general, we will still suggest the bullish pattern for today unless 1.2505 level is broken and the price holds below it. Let me reming you that our first main target lies at 1.2720. We should note that breaking 1.2505 level will push the rate to visit 12.339 areas before any brand-new attempt to increase. The expected trading range for today is in between 1.2505 assistance and 1.2720 resistance. The product has actually been provided by InstaForex Company-www.instaforex.com

By | January 27, 2017

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Overview

The GBP/USD pair shows more negative pressure to approach from testing the key support 1.2505, while stochastic shows clear oversold signals to form bullish momentum that we are waiting for to enable the price to rise again. In general, we will still suggest the bullish trend for today unless 1.2505 level is broken and the price holds below it. Let me reming you that our first main target is located at 1.2720. Besides, we should note that breaking 1.2505 level will push the price to visit 12.339 areas before any new attempt to rise. The expected trading range for today is between 1.2505 support and 1.2720 resistance.

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

Daily analysis of USD/JPY for January 27, 2017 888011000 110888 Summary The USD/JPY set made a strong breakout of 113.97 and closed the everyday candlestick above it, which stops the recently recommended negative circumstance. This makes the cost to recover in the short-term. The primary targeting is seen at 118.00. The bullish pattern will continue on the intraday and short-term basis. Please note that breaching 115.60 will form strong momentum that supports a rally to those target. The bullish circumstance stays legitimate unless 113.97 is broken and the rate holds listed below it. The anticipated trading variety for today is in between 113.97 support and 116.00 resistance. The product has been provided by InstaForex Company-www.instaforex.com

By | January 27, 2017

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Overview

The USD/JPY pair made a strong breakout of 113.97 and closed the daily candlestick above it, which stops the recently suggested negative scenario. This makes the price to recover in the short term. The main targeting is seen at 118.00. Therefore, the bullish trend will continue on the intraday and short-term basis. Please note that breaching 115.60 will form strong momentum that supports a rally towards the above-mentioned target. The bullish scenario remains valid unless 113.97 is broken and the price holds below it. The expected trading range for today is between 113.97 support and 116.00 resistance.

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

Daily analysis of Gold for January 27, 2016 888011000 110888 Introduction Gold price is checking 1,183.83 level after closing the last four-hour candlestick below it. As long as the rate is listed below this level, the negative pressure will remain dominant for today, waiting to check 1,173.00 as the next primary target. Let me remind you that breaking this level will extend gold losses to reach 1,162.40. Note that breaching 1,183.83 will lead the rate to check the most important resistance at 1,197.10 prior to determining the next destination on the short-term basis. Breaching the last level will stop the correctional bearish pressure and lead the rate to regain its main bullish track once again. The expected trading range for today is in between 1,170.00 support and 1,190.00 resistance. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | January 27, 2017

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Overview

Gold price is testing 1,183.83 level after closing the last four-hour candlestick below it. As long as the price is below this level, the negative pressure will remain dominant for today, waiting to test 1,173.00 as the next main target. Let me remind you that breaking this level will extend gold losses to reach 1,162.40. Note that breaching 1,183.83 will lead the price to test the most important resistance at 1,197.10 before determining the next destination on the short-term basis. Breaching the last level will stop the correctional bearish pressure and lead the price to regain its main bullish track again. The expected trading range for today is between 1,170.00 support and 1,190.00 resistance.

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

Daily analysis of Silver for January 27, 2017 888011000 110888 Summary Silver cost continues its negative pressure to break the small bullish channel’s assistance and head to the important support of 16.56. As we pointed out in our recent reports, the price has to hold above this level to keep the bullish pattern active on the intraday and short-term basis, as breaking this level will press the cost to head towards 15.49 prior to any brand-new effort to increase. We still suggest the bullish pattern in the upcoming sessions on condition that the rate holds strongly above 16.56. Please note that the cost needs to breach 16.95 to ease the mission of heading to our very first primary target at 17.43. The expected trading variety for today is between 16.56 support and 17.00 resistance The material has actually been provided by InstaForex Business-www.instaforex.com

By | January 27, 2017

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Overview

Silver price continues its negative pressure to break the minor bullish channel’s support and head towards the critical support of 16.56. As we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend active on the intraday and short-term basis, as breaking this level will push the price to head towards 15.49 before any new attempt to rise. Therefore, we still suggest the bullish trend in the upcoming sessions on condition that the price holds firmly above 16.56. Please note that the price needs to breach 16.95 to ease the mission of heading towards our first main target at 17.43. The expected trading range for today is between 16.56 support and 17.00 resistance

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

USD/CAD intraday technical levels and trading suggestions for January 27, 2017 888011000 110888 The USD/CAD pair was trapped between the price levels of 1.3000(61.8%Fibonacci level) and 1.3360(50%Fibonacci level)until a bullish breakout happened one month ago.The pair challenged the upper limit of the portrayed channel around 1.3360-1.3400 which prospered to use adequate bearish pressure on the pair.Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week showing strong resistance around 1.3550. Bearish perseverance below the price level of 1.3300 (50%Fibonacci Level)was achieved.This allowed a further decrease toward 1.3200 and 1.3080(the lower limitation of the illustrated channel )where bullish rejection was expressed as anticipated.A bullish breakout above 1.3360(50%Fibonacci level )was expected to allow a more advance towards 1.3700-1.3750( the upper limit of the portrayed channel). Substantial bearish rejection was expressed around 1.3580(current established top). The cost level of 1.3300(50 %Fibonacci Level)failed to offer adequate assistance for the recent bearish pullback.That’s why, the recent bearish pullback towards 1.3000(61.8 %Fibonacci level )provided a valid BUY entry as anticipated in previous articles.This week, a bullish breakout above 1.3300(50% Fibonacci Level )is had to boost bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair stays trapped within the current debt consolidation variety(1.3000-1.3300). The material has been supplied by InstaForex Company-www.instaforex.com

By | January 27, 2017

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

The pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair.

Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550.

Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was achieved.

This allowed a further decline toward 1.3200 and 1.3080 (the lower limit of the depicted channel) where bullish rejection was expressed as anticipated.

A bullish breakout above 1.3360 (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 (recent established top).

The price level of 1.3300 (50% Fibonacci Level) failed to provide enough support for the recent bearish pullback.

That’s why, the recent bearish pullback toward 1.3000 (61.8% Fibonacci level) offered a valid BUY entry as expected in previous articles.

This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.3000-1.3300).

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

NZD/USD Intraday technical levels and trading recommendations for January 27, 2017 888011000 110888 On November 8, substantial signs of a bearish reversal were revealed around the upper limit of the depicted combination range(0.7350 ). A bearish breakdown of 0.7250(the lower limitation of the portrayed range) boosted the bearish side of the market toward the rate level of 0.7100 (current bottom of October 28 )which was broken as well.Bearish persistence listed below 0.7100 permitted a fast declinetoward 0.6960 (BUY zone )where bullish rejection and a valid BUY entry were anticipated. All T/P levels were successfully achieved.Once once again, bearish perseverance below the cost level of 0.7100 made it possible for the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the portrayed BUY zone ). The rate level of 0.6990 cannot use sufficient bullish pressure. Rather of that, bearish movement continued toward the lower limitation of the depicted BUY zone(0.6860 )which offered substantial bullish rejection on December 23. The NZD/USD set was trapped within the illustrated rate range(0.6860-0.6990)till a bullish breakout occurred.A bullish breakout above 0.7000 enabled the set to head toward the price level of 0.7100(Key-Level )which cannot provide sufficient bearish pressure on the pair.Instead, bullish perseverance above 0.7100 (Key-Level) enables further bullish advance towards 0.7250-0.7300 (SELL-ENTRY) where a legitimate SELL entry can be provided if adequate bearish pressure is kept (Note the bearish engulfing daily candlestick of Yesterday).The product has been provided by InstaForex Business – www.instaforex.com

By | January 27, 2017

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On November 8, significant signs of a bearish reversal were expressed around the upper limit of the depicted consolidation range (0.7350).

A bearish breakdown of 0.7250 (the lower limit of the depicted range) enhanced the bearish side of the market toward the price level of 0.7100 (recent bottom of October 28) which was broken as well.

Bearish persistence below 0.7100 allowed a quick decline toward 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were successfully achieved.

Once again, bearish persistence below the price level of 0.7100 enabled the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the depicted BUY zone).

The price level of 0.6990 failed to apply enough bullish pressure. Instead of that, bearish movement continued toward the lower limit of the depicted BUY zone (0.6860) which provided significant bullish rejection on December 23.

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

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

Instead, bullish persistence above 0.7100 (Key-Level) allows further bullish advance toward 0.7250-0.7300 (SELL-ENTRY) where a valid SELL entry can be offered if enough bearish pressure is maintained (Note the bearish engulfing daily candlestick of Yesterday).

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

Intraday technical levels and trading recommendations for GBP/USD for January 27, 2017 888011000 110888 The cost zone between 1.3845 and 1.3550(historical bottoms set in January 2009) was considered a substantial need zone to be watched for bullish recovery.However, by the end of June a substantial bearish break listed below 1.3550 was revealed as seen on the depicted charts (essential reasons). Bearish persistence below the demand level at 1.3550 boosted the bearish circumstance toward the cost levels around 1.2700(Bearish forecast target). Ever since, the GBP/USD set has been caught inside the illustrated combination range above 1.2700 till a bearish breakout happened on October 6. Daily perseverance listed below 1.2700 validated the bearish Flag pattern. That is why, a bearish projection target would be located around 1.2020.On October 25, Bullish healing was started around the price level of 1.2080. That is why, a bullish pullback was performed towards 1.2700-1.2750. Risky traders considered this bullish pullback towards the cost zone of 1.2700-1.2750 to be a legitimate SELLentry. All T/P levels were effectively reached.On January 16, Bullish Price action was expressed around the demand level of 1.2000. That’s why, a bullish engulfing candlestick was expressed on Tuesday.The initial bullish target lies around 1.2550 supplied that the present bullish breakout above 1.2430 is maintained.Otherwise, the next bearish destination would lie around 1.1200(Fibonacci Expansion 100%)if bearish momentum is resumed.The product has been supplied by InstaForex Company-www.instaforex.com

By | January 27, 2017

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The price zone between 1.3845 and 1.3550 (historical bottoms set in January 2009) was considered a significant demand zone to be watched for bullish recovery.

However, 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).

Since then, 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 would be located around 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, Bullish Price action was expressed around the demand level of 1.2000. That’s why, a bullish engulfing candlestick was expressed on Tuesday.

The initial bullish target is located around 1.2550 provided that the current bullish breakout above 1.2430 is maintained.

Otherwise, the next bearish destination would be located around 1.1200 (Fibonacci Expansion 100%) if bearish momentum is resumed.

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