Category Archives: Quick Forex

Everyday analysis of Silver for February 03, 2017 888011000 110888 Overview Silver rate settles within tight variety keeping its stability above the intraday bullish channel’s support. Thus, there will be no modification on the anticipated bullish trend scenario for today. It gets positive assistance by the EMA50 and stochastic, waiting for target 18.30 level as the next main station. Consider that holding above 17.20 represents key condition to continue the bullish trend expected for today. We are waiting for favorable trading in the upcoming sessions. Keep in mind that our next target lies at 18.30. Think about that breaking 17.20 level will press the rate to suffer more losses. It will target screening 16.56 locations before any new efforts to increase. The expected trading range for today is between 17.00 assistance and 17.80 resistance. The material has been providedby InstaForex Company -www.instaforex.com

By | February 3, 2017

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Overview

Silver price settles within tight range keeping its stability above the intraday bullish channel’s support. Thus, there will be no change on the expected bullish trend scenario for today. It gets positive support by the EMA50 and stochastic, waiting for target 18.30 level as the next main station. Take into consideration that holding above 17.20 represents key condition to continue the bullish trend expected for today. Therefore, we are waiting for positive trading in the upcoming sessions. Note that our next target is located at 18.30. Take into consideration that breaking 17.20 level will push the price to suffer more losses. It will target testing 16.56 areas before any new attempts to rise. The expected trading range for today is between 17.00 support and 17.80 resistance.

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

Fxwirepro US Dollar Index Disadvantage capped by 38.2% Fibo, Excellent to Purchase on Dips

By | February 3, 2017
  • Significant assistance –– 99.23 (38.2% retracement of 103.82 and 91.92).
  • Major intraday resistance –– 100.15 (5- day MA).
  • U.S. Dollar index recovered sharply after decreasing till 99.23. It is presently trading around 100.08.
  • The index downside is topped by 38.2% fibo and any more weakness only below that level.
  • On the greater side, any break above 100.15 (10- day MA) will take the index till 100.60 (trend line signing up with 103.82 and 102.95)/ 100.85. The significant support is around 99.23 (38.2% fibo) and any break below targets 98.85/ 98.30.
  • Short-term bullish invalidation only listed below 98. It readies to purchase on dips around 99.60 with SL around 99.20 for the TP of 100.60

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

Gold analysis for February 03, 2017 888011000 110888 Just recently, gold has been trading downwards. The price evaluated the level of$ 1,210.94. Inning accordance with the 15M timespan, I discovered a concealed unconfirmed bullish divergence in the background. My guidance is to watch for potential purchasing opportunities. Anyhow, to confirm bullish divergence the cost has to go above$1,218.00. The cost traded above top of bolinger band, which is excellent sign for possible upward motion. Major intraday upward targetis set at the price of$1,224.00. R1 : 1,222.40 R2: 1,226.60 R3: 1,231.90 Assistance levels: S1: 1,210.75 S2: 1,207.15 S3: 1,201.30 Trading suggestions for today: look for potential buying opportunities.The material has been offered by InstaForex Company-www.instaforex.com

By | February 3, 2017

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Recently, gold has been trading downwards. The price tested the level of $1,210.94. According to the 15M time frame, I found a hidden unconfirmed bullish divergence in the background. My advice is to watch for potential buying opportunities. Anyway, to confirm bullish divergence the price needs to go above $1,218.00. The price traded above top of bolinger band, which is good sign for potential upward movement. Major intraday upward target is set at the price of $1,224.00.

R1: 1,222.40

R2: 1,226.60

R3: 1,231.90

Support levels:

S1: 1,210.75

S2: 1,207.15

S3: 1,201.30

Trading recommendations for today: watch for potential buying opportunities.

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

Technical analysis of USD/JPY for Feburary 03, 2017 888011000 110888 USD/JPY is anticipated to trade with bullish bias above 112.50. The set is publishing a strong rebound and stays above its 50-period moving average. The technical configuration is still positive as the 20-period moving average remains above the 50-period one, and the relative strength index is above its neutrality location at 50 and lacks downward momentum. As long as 112.50 holds as the crucial assistance, search for a brand-new upleg to 113.60 and 113.95. Suggestion: The set is trading above its pivot point. It is likely to trade in a broader variety as long as it remains above its pivot point. For that reason, long positions are suggested with the very first target at 113.60 and the second one at 113.95. In the option circumstance, brief positions are advised with the very first target at 112.15 if the cost moves below its pivot points. A break of this target is most likely to push the pair more downwards, and one may expect the second target at 111.80. The pivot point is at 112.50. Resistance levels: 113.60, 113.95, 114.20 Assistance levels: 112.15, 111.80, 111.30 The product has been provided by InstaForex Business-www.instaforex.com

By | February 3, 2017

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USD/JPY is expected to trade with bullish bias above 112.50. The pair is posting a strong rebound and stays above its 50-period moving average. The technical configuration is still positive as the 20-period moving average remains above the 50-period one, and the relative strength index is above its neutrality area at 50 and lacks downward momentum.

As long as 112.50 holds as the key support, look for a new upleg to 113.60 and 113.95.

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 113.60 and the second one at 113.95. In the alternative scenario, short positions are recommended with the first target at 112.15 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 111.80. The pivot point is at 112.50.

Resistance levels: 113.60, 113.95, 114.20 Support levels: 112.15, 111.80, 111.30

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

Technical analysis of USD/CHF for Feburary 03, 2017 888011000 110888 USD/CHF is expected to prevail its Advantage motion. The set is posting a rebound, and is expected to continue its bounce. The 20-period moving average has simply crossed above the 50-period moving average, which is a bullish technical signal. And the relative strength index is above its neutrality area at 50 and is favorably oriented. The U.S. dollar handled to recover losses seen earlier in the session thanks to dip-buying on the currency. As long as 0.9905 is not broken below, additional bounce is expected with 0.9990 as the next target. As expected, the United States Federal Reserve kept rates of interest the same. The Institute for Supply Management (ISM) reported that its national factory activity index increased to 56.0 in January, the highest level because November 2014, from 54.5 in December. Automatic Data Processing(ADP)information revealed that employers included 246,000 private jobs in January(vs. +168,000 expected, +151,000 in December). The United States dollar gave up gains made earlier in the session after the Federal Reserve shed little light on its plans to raise interest rates this year.As long as this key level hangs on the benefit, try to find a more drop to 0.9860 and even 0.9830in extension.Resistance levels: 0.9970, 0.9990, and 1.0010 Support levels: 0.9885, 0.9860, 0.9830 The product has actually been offered by InstaForex Company-www.instaforex.com

By | February 3, 2017

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USD/CHF is expected to prevail its Upside movement. The pair is posting a rebound, and is expected to continue its bounce. The 20-period moving average has just crossed above the 50-period moving average, which is a bullish technical signal. And the relative strength index is above its neutrality area at 50 and is positively oriented. The U.S. dollar managed to recuperate losses seen earlier in the session thanks to dip-buying on the currency.

As long as 0.9905 is not broken below, further bounce is expected with 0.9990 as the next target.

As expected, the U.S. Federal Reserve kept interest rates unchanged. The Institute for Supply Management (ISM) reported that its national factory activity index increased to 56.0 in January, the highest level since November 2014, from 54.5 in December. Automatic Data Processing (ADP) data showed that employers added 246,000 private jobs in January (vs. +168,000 expected, +151,000 in December). The U.S. dollar surrendered gains made earlier in the session after the Federal Reserve shed little light on its plans to raise interest rates this year.

As long as this key level holds on the upside, look for a further drop to 0.9860 and even 0.9830 in extension.

Resistance levels: 0.9970, 0.9990, and 1.0010

Support levels: 0.9885, 0.9860, 0.9830

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

Technical analysis of NZD/USD for Feburary 03, 2017 888011000 110888 NZD/USD is Under pressure. The set broke below its 20-period and 50-period moving averages, which play resistance roles and maintain the drawback bias, while the 20-period moving average crossed below the 50-period one(negative signal). The relative strength index is below its neutrality level at 50 and lacks upward momentum. As long as 0.7300 is resistance, search for a further drawback to 0.7250 and even 0.7230 in extension. The pair is trading listed below its pivot point. It is most likely to trade in a lower variety as long as it remains below the pivot point. Brief positions are suggested with the very first target at 0.7250. A break below this target will move the set further downwards to 0.7230. The pivot point stands at 0.7300. It will move above its pivot point if the price relocations in the opposite instructions and bounces back from the assistance level. It is most likely to move even more to the upside. Inning accordance with that scenario, long positions are recommended with the first target at 0.7320 and thesecond one at 0.7345. Resistance levels: 0.7320,0.7345, 0.7375 Support levels: 0.7250, 0.7230, 0.7200 The product has been offered by InstaForex Business – www.instaforex.com

By | February 3, 2017

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NZD/USD is Under pressure. The pair broke below its 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias, while the 20-period moving average crossed below the 50-period one (negative signal). The relative strength index is below its neutrality level at 50 and lacks upward momentum. As long as 0.7300 is resistance, look for a further downside to 0.7250 and even 0.7230 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 0.7250. A break below this target will move the pair further downwards to 0.7230. The pivot point stands at 0.7300. 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 0.7320 and the second one at 0.7345.

Resistance levels: 0.7320, 0.7345, 0.7375

Support levels: 0.7250, 0.7230, 0.7200

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

Technical analysis of GBP/JPY for Feburary 03, 2017 888011000 110888 GBP/JPY is expected tp trade with bearish bias. The set reveals additional drawback potential after its down breakout of its 50-period and 20-period moving averages, which are playing resistance roles now. The relative strength index is bearish below its neutrality level at 50 and lacks upward momentum. As long as 142.15 holds as resistance, look for a more drop to 140.80 as well as 140.40 in extension. The set is trading listed below its pivot point. It is likely to trade in a lower variety as long as it stays below the pivot point. Short positions are recommended with the first target at 140.80. A break listed below this target will move the pair additional downwards to 140.40. The pivot point stands at 142.15. It will move above its pivot point if the cost relocations in the opposite instructions and bounces back from the assistance level. It is likely to move even more to the upside. According to that circumstance, long positions are suggested with the first target at 142.55 andthe second one at 143.15. Resistance levels: 143.50, 144.15, 144.80 Support levels: 140.80,140.40 , 139.75 The material has actually been provided by InstaForex Business -www.instaforex.com

By | February 3, 2017

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GBP/JPY is expected tp trade with bearish bias. The pair shows further downside potential after its downward breakout of its 20-period and 50-period moving averages, which are playing resistance roles now. The relative strength index is bearish below its neutrality level at 50 and lacks upward momentum. As long as 142.15 holds as resistance, look for a further drop to 140.80 and even 140.40 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 140.80. A break below this target will move the pair further downwards to 140.40. The pivot point stands at 142.15. 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 142.55 and the second one at 143.15.

Resistance levels: 143.50, 144.15, 144.80

Support levels: 140.80,140.40, 139.75

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

EUR/NZD analysis for February 03, 2017 888011000 110888 Recently, EUR/NZD has been trading sideways at the cost of 1.4780. According to the 15M timespan, I found concealed bearish divergence on moving typical oscilator and breakout of upward trendline, which is indication that buying looks risky. There is intraday resistance cluster at the rate of 1.4800(excellent place for brief position ). The pattern is still down. My advice is to expect selling opportunities. First down target is set at the cost of 1.4750. FibonacciPivot Points: Resistancelevels: R1: 1.4830 R2: 1.4860 R3: 1.4910 Support levels: S1: 1.4745 S2: 1.4715 S3: 1.4670 Trading suggestions for today: look for prospective selling opportunities.The product has been supplied by InstaForex Company-www.instaforex.com

By | February 3, 2017

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Recently, EUR/NZD has been trading sideways at the price of 1.4780. According to the 15M time frame, I found hidden bearish divergence on moving average oscilator and breakout of upward trendline, which is sign that buying looks risky. There is intraday resistance cluster at the price of 1.4800 (good place for short position). The trend is still downward. My advice is to watch for selling opportunities. First downward target is set at the price of 1.4750.

Fibonacci Pivot Points:

Resistance levels:

R1: 1.4830

R2: 1.4860

R3: 1.4910

Support levels:

S1: 1.4745

S2: 1.4715

S3: 1.4670

Trading recommendations for today: watch for potential selling opportunities.

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

Technical analysis of USD/CHF for February 03, 2017 888011000 110888 Introduction: The USD/CHF pair has not made any substantial movements this week. There are no changes in our technical outlook, due to the fact that the price is moving in between the levels of 0.9960 and 0.9860. The USD/CHF pair continued to move down from the level of 0.9960. Since the other day, the set has actually dropped from the level of 0.9960 to the bottom around the spot of 0.9890. In effect, the USD/CHF set broke assistance at the level 0.9960, which became strong resistance at the level of 0.9960. In the H1 amount of time, the level of 0.9960 is expected to function as the significant resistance today. Presently, the cost is relocating a bullish channel. This is verified by the RSI indication signaling that we are still in a bullish market. The rate is still listed below the moving average (100). From this point, we anticipate the USD/CHF set to continue relocating the bearish trend from the resistance levels of 0.9960 and 0.9922 to the target level of 0.9860. If the set succeeds in going through the level of 0.9860, the marketplace will indicate the bearish chance below the level of 0.9860 so regarding reach the 2nd target at 0.9830. Furthermore, if the USD/CHF pair is able to break out the level of 0.9830, the market will decrease even more to 0.9800. The product has been providedby InstaForex Company -www.instaforex.com

By | February 3, 2017

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Overview:

  • The USD/CHF pair has not made any significant movements this week. There are no changes in our technical outlook, because the price is moving between the levels of 0.9960 and 0.9860. The USD/CHF pair continued to move downwards from the level of 0.9960. Since yesterday, the pair has dropped from the level of 0.9960 to the bottom around the spot of 0.9890. In consequence, the USD/CHF pair broke support at the level 0.9960, which turned into strong resistance at the level of 0.9960. In the H1 time frame, the level of 0.9960 is expected to act as the major resistance today. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish market. The price is still below the moving average (100). From this point, we expect the USD/CHF pair to continue moving in the bearish trend from the resistance levels of 0.9960 and 0.9922 towards the target level of 0.9860. If the pair succeeds in passing through the level of 0.9860, the market will indicate the bearish opportunity below the level of 0.9860 so as to reach the second target at 0.9830. Moreover, if the USD/CHF pair is able to break out the level of 0.9830, the market will decline further to 0.9800.

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