Category Archives: Quick Forex

Everyday analysis of USDX for April 12, 2017 888011000 110888 The index extended its decrease throughout Tuesday and approached the 200 SMA at H1 chart, where possibly it could begin to discover dynamic support. If a rebound happens there, we can anticipate a rally to evaluate the resistance zone of 101.25. The total structure is still indicating the benefit, however a bullish circumstance’s invalidation can take place when USDX consolidates listed below 100.43 in order to reach the 100.00 manage. H1 chart’s resistance levels: 101.25/ 101.62 H1 chart’s assistance levels: 100.75/ 100.43 Trading recommendations for today: Based upon the H1 chart, place buy (long)orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 101.25, take earnings is at 101.62 and stop loss is at 100.87. The product has been offered by InstaForex Business-www.instaforex.com

By | April 11, 2017

The index extended its decline during Tuesday and approached the 200 SMA at H1 chart, where possibly it could start to find dynamic support. If a rebound happens there, we can expect a rally to test the resistance zone of 101.25. The overall structure is still pointing to the upside, but a bullish scenario’s invalidation can happen when USDX consolidates below 100.43 in order to reach the 100.00 handle.

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H1 chart’s resistance levels: 101.25 / 101.62

H1 chart’s support levels: 100.75 / 100.43

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 101.25, take profit is at 101.62 and stop loss is at 100.87.

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

AUD/USD on significant assistance, remain bullish

By | April 11, 2017

We remain bullish above significant support at 0.7492 (Fibonacci retracement, horizontal swing low support, bullish divergence)and we expect to see a bounce above this level to 0.7561 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (34) seeing significant support above 34% as well as displays bullish divergence vs price signalling that a bounce is impending.Buy above 0.7492. Stop loss at 0.7453. Take profit at 0.7561. The material has actually been supplied by InstaForex Business – www.instaforex.com

NZD/USD still on major assistance, stay bullish

By | April 11, 2017

Rate is checking significant support at 0.6949(Fibonacci retracement, horizontal overlap assistance, bullish divergence )and we stay bullish above this level for a push up to 0.7092 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above 6.69% as well as shows bullish divergence vs cost signalling that a bounce is impending.Buy above 0.6949. Stop loss at 0.6884. Take revenue at 0.7092. The product has actually been offered by InstaForex Company – www.instaforex.com

EUR/JPY Basic Analysis April 11, 2017 888011000 110888 EUR/JPY is presently in a non-volatile bearish spontaneous structure after the break listed below 121.10. Today the eurozone posted blended economic reports but EUR cannot gain ground versus JPY. Today Japan launched Prelim Maker Tools Orders which showed a notable increase in the figure to 22.6 which previously was at 9.1% only. On the EUR side, German ZEW Sentiment report was released at 19.5 which was anticipated to be at 13.2, Industrial Production report was negative at -0.3% which was expected to be at 0.2%. ZEW Economic Belief report was also positive at 26.3 which was expected to be at 25.0. With the greater amount of gain of the JPY Prelim Maker Tools report, JPY has acquired excellent strength against EUR and expected to keep momentum till the daily close.Now let us look at the technical view, rate has actually broken below 118.20. As the bullish rejection and impulsive bearish pressure is observed in the market till now, the rate is expected to move down towards 116.25 in the coming days. We might see a bullish relocation to 118.20 once again if the cost turns down off the 116.25 assistance level. On the other hand, if the rate breaks listed below 116.25 with a daily close, then we will be expecting much downward move to 112.50. The material has been offered by InstaForex Company-www.instaforex.com

By | April 11, 2017

EUR/JPY is currently in a non-volatile bearish impulsive structure after the break below 121.10. Today the eurozone posted mixed economic reports but EUR failed to gain ground against JPY. Today Japan released Prelim Machine Tools Orders which showed a notable increase in the figure to 22.6 which previously was at 9.1% only. On the EUR side, German ZEW Sentiment report was published at 19.5 which was expected to be at 13.2, Industrial Production report was negative at -0.3% which was expected to be at 0.2%. Besides, ZEW Economic Sentiment report was also positive at 26.3 which was expected to be at 25.0. With the greater amount of gain of the JPY Prelim Machine Tools report, JPY has gained good strength against EUR and expected to keep momentum till the daily close.

Now let us look at the technical view, price has broken below 118.20. As the bullish rejection and impulsive bearish pressure is observed in the market till now, the price is expected to move down towards 116.25 in the coming days. If the price rejects off the 116.25 support level, then we may see a bullish move towards 118.20 again. On the other hand, if the price breaks below 116.25 with a daily close, then we will be expecting much downward move towards 112.50.

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

Technical analysis of GBP/JPY for April 11, 2017 888011000 110888 GBP/JPY is under pressure. The technical picture of the set stays negative below the declining 50-period moving average, which is playing a resistance function and keeps the disadvantage bias. The relative strength index is listed below its neutrality level at 50 and lacks upward momentum. In addition, 137.85 is playing a crucial resistance function, which ought to restrict the upside potential. As long as this key level holds on the advantage, look for an additional drop towards 136.85 as well as 136.50 in extension. The set is trading below its pivot point. It is likely to sell a lower range as long as it remains listed below the pivot point. Brief positions are advised with the very first target at 136.85. A break below this target will move the pair additional downwards to 136.50. The pivot point stands at 137.85. If the price relocations in the opposite instructions and recuperates from the support level, it will move above its pivot point. It is most likely to move further to the upside. Inning accordance with that situation, long positions are advised with the very first target at 138.15 and thesecond one at 138.45. Resistance levels: 138.15, 138.45, and 139.00 Assistance levels: 136.85,136.50, and 136.00 The product has actually been provided by InstaForex Business-www.instaforex.com

By | April 11, 2017

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GBP/JPY is under pressure. The technical picture of the pair remains negative below the declining 50-period moving average, which is playing a resistance role and maintains the downside bias. The relative strength index is below its neutrality level at 50 and lacks upward momentum. Additionally, 137.85 is playing a key resistance role, which should limit the upside potential.

As long as this key level holds on the upside, look for a further drop toward 136.85 and even 136.50 in extension.

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 136.85. A break below this target will move the pair further downwards to 136.50. The pivot point stands at 137.85. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 138.15 and the second one at 138.45.

Resistance levels: 138.15, 138.45, and 139.00

Support levels: 136.85,136.50, and 136.00

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

Analysis of silver for April 11, 2017 888011000 110888 Recently, silver has been trading sideways at the rate of 18.06. On the 1H timespan, I found that cost has actually broken the upward channel in the background which is an indication that buying looks dangerous. My recommendations is to look for potential selling opportunities. Downward targets are set at the cost of 17.52, 17.30 and 16.85. Strongresistance is discovered at18.05 and 18.15. Resistance levels: R1: 17.95 R2: 17.97 R3: 18.00 Assistance levels: S1: 17.91 S2: 117.90 S3: 17.87 Trading recommendations for today: expect possible selling opportunities.The material has actually been provided by InstaForex Business-www.instaforex.com

By | April 11, 2017

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Recently, silver has been trading sideways at the price of 18.06. On the 1H time frame, I found that price has broken the upward channel in the background which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. Downward targets are set at the price of 17.52, 17.30 and 16.85. Strong resistance is found at 18.05 and 18.15.

Resistance levels:

R1: 17.95

R2: 17.97

R3: 18.00

Support levels:

S1: 17.91

S2: 117.90

S3: 17.87

Trading recommendations for today: watch for potential selling opportunities.

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

EUR/JPY analysis for April 11, 2017 888011000 110888 Recently, the EUR/JPY set has been trading downwards. The price tested the level 116.88. Inning accordance with the 4H time frame, I found that cost is trading in well specified down channel, which is an indication that sellers are in control. My suggestions is to look for potential selling opportunities. The crucial support level is set at the rate of 116.80.The breakout of support would confirm further down extension. The down target is set atthe rate of 114.60. Resistance levels: R1: 117.50 R2: 117.60 R3: 117.85 Support levels: S1: 117.00 S2: 116.90 S3:116.65 Trading suggestions for today: watch for possible selling opportunities.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | April 11, 2017

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Recently, the EUR/JPY pair has been trading downwards. The price tested the level 116.88. According to the 4H time frame, I found that price is trading in well defined downward channel, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The critical support level is set at the price of 116.80. The breakout of support would confirm further downward continuation. The downward target is set at the price of 114.60.

Resistance levels:

R1: 117.50

R2: 117.60

R3: 117.85

Support levels:

S1: 117.00

S2: 116.90

S3: 116.65

Trading recommendations for today: watch for potential selling opportunities.

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