Category Archives: Quick Forex

Technical analysis of AUD/USD for November 25, 2016 888011000 110888 The cost is right at our offering area again. We remain bearish below the 0.7419 resistance (Fibonacci retracement, horizontal pullback resistance) for a more push down to 0.7311.The RSI (34) has actually made a pullback to previous assistance and has reacted well off it.Sell listed below 0.7419. Stop loss at 0.7516. Take profit at 0.7311. The product has been supplied by InstaForex Business- www.instaforex.com

By | November 25, 2016

The price is right at our selling area again. We remain bearish below the 0.7419 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to 0.7311.

The RSI (34) has made a pullback to previous support and has reacted well off it.

Sell below 0.7419. Stop loss at 0.7516. Take profit at 0.7311.

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

U.S. Trade Deficit In Goods Widens More Than Expected In October

By | November 25, 2016

With imports rising and exports falling, the Commerce Department released a report on Friday showing that the U.S. trade deficit in goods widened much more than expected in October.

The report said the goods deficit widened to $62.0 billion in October from $56.5 billion in September. The deficit had been expected to widen to $59.7 billion.

While the value of imports climbed by 1.1 percent to $184.1 billion, the value of exports fell by 2.7 percent to $122.1 billion.

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

Gold analysis for November 25, 2016 888011000 110888 Given that our previous analysis, gold has actually been trading sideways at the cost fo $1,187.20. Using the market profile analysis, I found a point of control at the price of$1,186.30. Anyhow, I found the upward trend line and the rate broke it, which is a sign of weak point. Expect selling opportunities.The very first down target is set at the rate of$ 1,171.00 (swing low). Fibonacci pivot points: Resistance levels: R1: 1,189.20 R2: 1,191.70 R3: 1,195.60 Assistance levels: S1: 1,181.20 S2: 1,178.70 S3: 1,174.60 Trading recommendations for today: Breakout of upward trend line. Watch for offering opportunities.The material has actually been supplied by InstaForex Company- www.instaforex.com

By | November 25, 2016

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Since our previous analysis, gold has been trading sideways at the price fo $1,187.20. Using the market profile analysis, I found a point of control at the price of $1,186.30. Anyway, I found the upward trend line and the price broke it, which is a sign of weakness. Watch for selling opportunities. The first downward target is set at the price of $1,171.00 (swing low).

Fibonacci pivot points:

Resistance levels:

R1: 1,189.20

R2: 1,191.70

R3: 1,195.60

Support levels:

S1: 1,181.20

S2: 1,178.70

S3: 1,174.60

Trading recommendations for today: Breakout of upward trend line. Watch for selling opportunities.

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

<aEUR/NZD analysis for November 25, 2016 888011000 110888 Recently, EUR/NZD has been moving downwards. The price evaluated the level of 1.5019 in a high volume. Utilizing the marketplace profile on the M30 amount of time, I found that the cost turned down from strong point of control at 1.5115 in the background. The price is trading below 21SMA, which is a sign of weak point. I placed Fibonacci expansion to discover prospective downward targets. The very first down target is set at the rate of 1.5000;and the 2nd, at 1.4980. The second possible scenario for EUR/NZD sideways trading near the level of 1.5040. Fibonacci Pivot Points : Resistance levels R1: 1.5100 R2: 1.5125 R3: 1.5160 Support levels: S1: 1.5030 S2: 1.5015 S3: 1.4975 Trading recommendations for today: Watch for a potential disadvantage or try to trade in the range.The product has actually been supplied by InstaForex Business – www.instaforex.com

By | November 25, 2016

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Recently, EUR/NZD has been moving downwards. The price tested the level of 1.5019 in a high volume. Using the market profile on the M30 time frame, I found that the price rejected from strong point of control at 1.5115 in the background. The price is trading below 21SMA, which is a sign of weakness. I placed Fibonacci expansion to find potential downward targets. The first downward target is set at the price of 1.5000; and the second, at 1.4980. The second possible scenario for EUR/NZD sideways trading near the level of 1.5040.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5100

R2: 1.5125

R3: 1.5160

Support levels:

S1: 1.5030

S2: 1.5015

S3: 1.4975

Trading recommendations for today: Watch for a potential downside or try to trade in the range.

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

Technical analysis of USD/JPY for November 25, 2016 888011000 110888 USD/JPY is anticipated to extend its upside motion. The set broke above its previous key resistance at 112.15, which is now playing a support role. The upward momentum is further strengthened by the ascending 20-period and 50-period moving averages. The relative strength index is still above its neutrality level at 50, and lacks down momentum. Hence as long as 112.15 stays support, try to find an additional upside toward 113.75 as well as to 114.30 as possible. Trading Recommendation: The set is trading above its pivot point. It is most likely to sell a wider variety as long as it stays above its pivot point. Long positions are recommended with the first target at 113.75 and the 2nd one at 114.30. In the alternative circumstance, short positions are suggested with the first target at 110.75 if the cost relocations listed below its pivot point. A break of this target is likely to press the pair further downwards, andone may expect the 2nd target at 110.75. The pivot point lies at 112.15. Resistance levels: 113.75, 114.30, 115.00 Assistance levels: 111.30, 110.75, 110.20 The material has actually been offered by InstaForex Company- www.instaforex.com

By | November 25, 2016

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USD/JPY is expected to extend its upside movement. The pair broke above its former key resistance at 112.15, which is now playing a support role. The upward momentum is further reinforced by the ascending 20-period and 50-period moving averages. The relative strength index is still above its neutrality level at 50, and lacks downward momentum. Thus as long as 112.15 remains support, look for a further upside toward 113.75 and even to 114.30 as possible.

Trading Recommendation: The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 113.75 and the second one at 114.30. In the alternative scenario, short positions are recommended with the first target at 110.75 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 110.75. The pivot point lies at 112.15.

Resistance levels: 113.75, 114.30, 115.00

Support levels: 111.30, 110.75, 110.20

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

Technical analysis of USD/CHF for November 25, 2016 888011000 110888 USD/CHF is anticipated to sell a lower range as the bias stays bearish. The technical picture of the set is bearish, as the set has struck against the horizontal resistance at 1.1095. The relative strength index lacks upward momentum. Even though a continuation of the rebound can not be eliminated, its degree must be restricted. As long as the set stands listed below the resistance at 1.0195, anticipatea brand-new drop to the targets at 1.0090 and 1.0060in extension. Resistance levels: 1.0220, 1.0250, 1.0295 Assistance levels: 1.0090, 1.0060, 1.0025 The material has been offered by InstaForex Business- www.instaforex.com

By | November 25, 2016

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USD/CHF is expected to trade in a lower range as the bias remains bearish. The technical picture of the pair is bearish, as the pair has struck against the horizontal resistance at 1.1095. The relative strength index lacks upward momentum. Even though a continuation of the rebound cannot be ruled out, its extent should be limited.

Hence, as long as the pair stands below the resistance at 1.0195, expect a new drop to the targets at 1.0090 and 1.0060 in extension.

Resistance levels: 1.0220, 1.0250, 1.0295

Support levels: 1.0090, 1.0060, 1.0025

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

<aWorldwide macro summary for 25/11/2016

By | November 25, 2016

International macro summary for 25/11/2016: The 2nd price quote of the UK GDP has actually been released today and it remained in line with expectations. The 3rd quarter GDP was approximated at the level of 0.5%on a month-to-month basis and 2.3% on annual basis. The modified prints validated the flash price quotes. The Business Financial investment data for the third quarter beat the market expectations of a -0.2% decline after 1.0% boost last time. This time the data were launched at the level of 0.9%, almost the same as the prior reading. In conclusion, since June 2016, the UK economy has revealed robust efficiency with financial indications from different sectors much better than anticipated, despite the reality that the pound sterling has actually plunged 16 percent over that duration. The UK economy has actually weathered the post-Brexit duration relatively well, but we have to remember there are major concerns that the actual exit from the European Union will take a heavy toll on the British economy later.Let’s now have a look at the GBP/USD technical picture in the 4H time frame. The market has actually bounced from the significant assistance at the level of 1.2334, however bulls did not handle to break out above the technical resistance at the level of 1.2511 and currently the marketplace is trading in a blockage zone in between those 2 levels. Market participants ought to now wait on a breakout in either direction.

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

Technical analysis of GBP/JPY for November 25, 2016 888011000 110888 GBP/JPY is anticipated to trade with a bullish bias. The pair stands strongly above its rising 20-period and 50-period moving averages. The relative strength index holds above its neutrality level at 50. Additionally, 118.45 represents a substantial crucial support level, which must limit the drawback potential. As long as this threshold is not broken, try to find further advance towards 142.40 as well as to 143.25 as possible. The set is trading above its pivot point. It is likely to sell a wider variety as long as it stays above its pivot point. For that reason, long positions are suggested with the very first target at 142.40 and the second one at 143.25. In the alternative scenario, brief positions are suggested with the very first target at 138.70, if the price moves listed below its pivot point. A break of this target is most likely to press the pair further downwards, andone may expect the 2nd target at 137.25. The pivot point lies at 139.60. Resistance levels: 142.40, 143.25, 144.10 Assistance levels: 138.70, 137.25, 136.25 The product has been provided by InstaForex Company- www.instaforex.com

By | November 25, 2016

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GBP/JPY is expected to trade with a bullish bias. The pair stands firmly above its rising 20-period and 50-period moving averages. The relative strength index holds above its neutrality level at 50. Additionally, 118.45 represents a significant key support level, which should limit the downside potential. As long as this threshold is not broken, look for further advance toward 142.40 and even to 143.25 as possible.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 142.40 and the second one at 143.25. In the alternative scenario, short positions are recommended with the first target at 138.70, if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 137.25. The pivot point lies at 139.60.

Resistance levels: 142.40, 143.25, 144.10

Support levels: 138.70, 137.25, 136.25

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

<aTechnical analysis of USD/CAD for November 25, 2016 888011000 110888 General introduction for 25/11/2016:The market has broken listed below the dashed blue pattern line and now is trading below the weekly pivot at the level of 1.3497. In case of an additional move to the downside, the intraday support is the key level for daytraders as any breakout below it will verify the wave c (green) is in progress. The forecasted target zone for the wave c (green) is the demand zone in between the levels of 1.3290 and 1.3312.Support/Resistance:1.3596 – WR11.3566 – Intraday Resistance1.3497 – Weekly Pivot1.3419 – WS11.3378 – Intraday Support1.3308 – WS2Trading suggestions:The restorative upward wave development will be completed, so this is why daytraders must think about opening only offer orders with tight SL and TP open in the meantime.The product has actually been provided by InstaForex Business- www.instaforex.com

By | November 25, 2016

General overview for 25/11/2016:

The market has broken below the dashed blue trend line and now is trading below the weekly pivot at the level of 1.3497. In case of a further move to the downside, the intraday support is the key level for daytraders as any breakout below it will confirm the wave c (green) is in progress. The projected target zone for the wave c (green) is the demand zone between the levels of 1.3290 and 1.3312.

Support/Resistance:

1.3596 – WR1

1.3566 – Intraday Resistance

1.3497 – Weekly Pivot

1.3419 – WS1

1.3378 – Intraday Support

1.3308 – WS2

Trading recommendations:

The corrective upward wave progression is about to be completed, so this is why daytraders should consider opening only sell orders with tight SL and TP open for now.

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