Category Archives: Quick Forex

EUR/USD remain bearish with break of our long term assistance

By | February 9, 2017

We stay bearish with the break of our long-lasting rising support-turned-resistance line. The goal is to be bearish listed below the 1.0711 resistance(Fibonacci retracement, horizontal overlap resistance, pullback resistance )for a drop to at least 1.0623(Fibonacci retracement, recent swing low assistance).

The RSI (34) is seeing a descending resistance.Sell listed below 1.0711

. Stop loss at 1.0758. Take revenue at 1.0623.

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

EUR/JPY right above strong support, remain bullish

By | February 9, 2017

We remain bullish above the 119.65 assistance(major horizontal support, Fibonacci retracement) for a rise to the 121.08 resistance(Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing a strong support above the 6% level as well as shows bullish divergence vs the cost signalling a bullish reversal, which is expected soon.Buy above

119.62. Stop loss at 118.63. Take profit at 121.08.

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

AUD/JPY right above support, remain bullish

By | February 9, 2017

We remain bullish above the 85.34 assistance (Fibonacci forecast, horizontal assistance)for a push up to at least 86.08 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is bouncing nicely above the strong assistance at 5.5%.

Buy above 85.34. Stop loss at 84.97. Take revenue at 86.08.

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

USD/CAD Essential Analysis for February 9, 2017 888011000 110888 Today is among the most important day for both USD and CAD as 2 significant statements on both currency will be published at the same time. On the USD side, Joblessness claims report will be published which was previously 246k and it is anticipated that it will increase as much as 249k as the unemployment rate in US has been increased. On the CAD side, NHPI (New House Rate Index) report will be published which was formerly 0.2% and anticipated that it will increase to 0.3%. As of the total basic context United States is found to be weaker among all other significant currencies rather than CAD as the unfavorable trade balance report of CAD which was -0.1 B which was forecasted to increase by 0.2 B. Overall market is anticipated to reveal a good amount of volatility today after the news report publishes.Now let us look at thetechnical viewpoint, market is currently within intraday restorative structure and revealing some bearish activities inside the Tuesday’s bullish bar. Intraday market is bearish however as two crucial news to be released on the both currencies of the pair an excellent quantity of volatility is anticipated to be in the market. In the currency circumstance, we will be wanting to sell if we see any day-to-day close below 1.3050 with a target towards 1.30 as nearby assistance and 1.2830 as the next assistance but if the marketplace closes above 1.32 we will be moving our predisposition to bullish but with a much shorter target in contrast which would be at 1.3280-1.33. The material has been offered by InstaForex Business-www.instaforex.com

By | February 9, 2017

Today is one of the most important day for both USD and CAD as two major announcements on both currency will be published at the same time. On the USD side, Unemployment claims report will be published which was previously 246k and it is forecasted that it will increase up to 249k as the unemployment rate in US has been increased. On the CAD side, NHPI (New Home Price Index) report will be published which was previously 0.2% and forecasted that it will increase to 0.3%. As of the overall fundamental context US is found to be weaker among all other major currencies rather than CAD as the negative trade balance report of CAD which was -0.1B which was forecasted to increase by 0.2B. Overall market is expected to show a good amount of volatility today after the news report publishes.

Now let us look at the technical point of view, market is currently inside intraday corrective structure and showing some bearish activities inside the Tuesday’s bullish bar. Intraday market is bearish but as two important news to be published on the both currencies of the pair a good amount of volatility is expected to be in the market. In the currency scenario, we will be looking to sell if we see any daily close below 1.3050 with a target toward 1.30 as nearest support and 1.2830 as the next support but if the market closes above 1.32 we will be shifting our bias to bullish but with a shorter target in comparison which would be at 1.3280-1.33.

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

NZD/USD Fundamental Analysis for February 9, 2017 888011000 110888 NZD had a fantastic fall versus USD after the spike toward 0.7375 location. As USD is weaker among the other majors but it is rather dominating in this pair. Today, NZD main rate was revealed which was discovered to be unchanged at 1.75% however after journalism conference and RBNZ governor wheeler speaks about the monetary policy in Wellington today NZD is currently losing more ground versus the USD. A great quantity of volatility is also anticipated after the Joblessness claims of USD is going to publish today and if the news comes positive towards USD we may see more downward relocation in this pair soon.Now let ustake a look at the technical view, presently market is unpredictable and already revealing some counter pattern move against the NZD. The price has actually broken below 0.7230 level and if the price daily close below the 0.7230 level then we will be looking forward for a down target at 0.6950 and on the other hand if we see bearish rejection off the level 0.7230 then we will be looking forward to purchase with a target toward 0.7450. The material has been supplied by InstaForex Business-www.instaforex.com

By | February 9, 2017

NZD had a great fall against USD after the spike toward 0.7375 area. As USD is weaker among the other majors but it is quite dominating in this pair. Today, NZD official rate was announced which was found to be unchanged at 1.75% but after the press conference and RBNZ governor wheeler speaks about the monetary policy in Wellington today NZD is already losing more ground against the USD. A good amount of volatility is also expected after the Unemployment claims of USD is going to publish today and if the news comes positive toward USD we might see more downward move in this pair soon.

Now let us look at the technical view, currently market is volatile and already showing some counter trend move against the NZD. The price has broken below 0.7230 level and if the price daily close below the 0.7230 level then we will be looking forward for a downward target at 0.6950 and on the other hand if we see bearish rejection off the level 0.7230 then we will be looking forward to buy with a target toward 0.7450.

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

Technical analysis of USD/JPY for Feburary 09, 2017 888011000 110888 USD/JPY is anticipated to trade with bullish predisposition. The pair is supported by the increasing trend line, which verifies a positive view. The relative strength index stands firmly above its neutrality level at 50. In addition, 111.95 is playing a key assistance function, which must restrict the drawback capacity. As long as this crucial level is not broken, search for more advance to 112.80 as well as to 113.25. Suggestion: The set is trading above its pivot point. It is most likely to sell a larger variety as long as it stays above its pivot point. Therefore, long positions are advised with the first target at 112.80 and the 2nd one is at 113.25. In the alternative circumstance, brief positions are suggested with the very first target at 111.65 if the rate relocations listed below its pivot points. A break of this target is most likely to push the pair additional downwards, and one might anticipate the second target at 111.30. The pivot point is at 111.95. Resistance levels: 112.80, 113.25, and 113.60. Assistance levels: 111.65, 111.30, and 111.00. The material has been provided by InstaForex Business-www.instaforex.com

By | February 9, 2017

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USD/JPY is expected to trade with bullish bias. The pair is supported by the rising trend line, which confirms a positive view. The relative strength index stands firmly above its neutrality level at 50. In addition, 111.95 is playing a key support role, which should limit the downside potential.

As long as this key level is not broken, look for further advance to 112.80 and even to 113.25.

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 112.80 and the second one is at 113.25. In the alternative scenario, short positions are recommended with the first target at 111.65 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 111.30. The pivot point is at 111.95.

Resistance levels: 112.80, 113.25, and 113.60. Support levels: 111.65, 111.30, and 111.00.

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