Category Archives: Quick Forex

Technical analysis of NZD/USD for April 14, 2017 888011000 110888 Introduction: The NZD/USD pair dropped from the level of 0.7075 towards 0.6946. The trend is still set listed below the 0.7075 level. The resistance of the NZD/USD set is seen at the levels of 0.7004 and 0.7075. It does imply that the first resistance and second one are seen at the levels of 0.7004 and 0.7075 respectively. The NZD/USD set is still relocating a downtrend channel given that a while. The price spot of 0.7004 stays a considerable resistance zone.Therefore, there is a possibility that the NZD/USD set will move downside, and the structure of a fall does not look restorative. In order to indicate the bearish chance below 0.7004, sell listed below 0.7004 with the very first target at 0.6969 in order to check recently’s bottom. It needs to be kept in mind that assistance 1 is seen at the level of 0.6969 which corresponds with the double bottom in the one-hour time frame . If the NZD/USD set is able to break out the bottom at 0.6969,the marketplace will decline further to 0.6825 in order to evaluate the weekly assistance 2. However, the stop loss must be set abovethe level of0.7075. The product has actually been offered by InstaForex Business-www.instaforex.com

By | April 14, 2017

NZDUSDH4.png

Overview:

  • The NZD/USD pair dropped from the level of 0.7075 towards 0.6946. The trend is still set below the 0.7075 level.
    The resistance of the NZD/USD pair is seen at the levels of 0.7004 and 0.7075. It does mean that the first resistance and second one are seen at the levels of 0.7004 and 0.7075 respectively.
    The NZD/USD pair is still moving in a downtrend channel since a while.
    The price spot of 0.7004 remains a significant resistance zone.Therefore, there is a possibility that the NZD/USD pair will move downside, and the structure of a fall does not look corrective.
    In order to indicate the bearish opportunity below 0.7004, sell below 0.7004 with the first target at 0.6969 in order to test last week’s bottom. Besides, it should be noted that support 1 is seen at the level of 0.6969 which coincides with the double bottom in the one-hour time frame.
    If the NZD/USD pair is able to break out the bottom at 0.6969, the market will decline further to 0.6825 in order to test the weekly support 2.
    However, the stop loss should be set above the level of 0.7075.

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

Trading plan for 14/04/2017

By | April 14, 2017

Trading prepare for 14/04/2017: Friday brings a thin market with restricted volatility in some closed markets like Australia or New Zealand. The stock exchange in Asia has actually been weighed down by increasing geopolitical tensions. Danger aversion belief is controling amongst investors with the strongest JPY and weak AUD and NZD. Oil is trading progressively, gold is extending its gains.On Friday

14th of April, the volatility in the foreign exchange market is greatly constrained due to the holiday break, and those markets that are working are also not interested in a considerable modification in the circumstance. Nonetheless, there are essential information set up for release throughout the American trading session: Retail Sales and Consumer Cost Index from the US.EUR/ USD analysis for 14/04/2017:

The Retail Sales and Consumer Price Index data are arranged for release at 12:30 pm GMT and market participants anticipate almost no modification for them. The Retail Sales are expected at the level of 0.1%, just like a month back and CPI is anticipated at the level 0.2%, unchanged from the reported month. If the information meet the expectations, it will mean that the inflationary pressures are currently stable in the US, so just a moderate amount of the rate of interest walking must be expected.Let’s now take

a look at the EUR/USD technical image at the H4 timeframe. After the false breakout to the level of 1.0678, the market reversed and now is trading back in the range. The golden pattern line appears to offer some dynamic assistance around the level of 1.0600. The next crucial support is seen at the level of 1.0569 and the next crucial resistance is seen at the level of 1.0705.

analytics58f07b30ec33b.jpg

Market snapshot: Gold is combining its gains The rate of Gold has actually hit and broken above the 127% Fibonacci Extension at the level of $1,282 and now is trading just listed below the golden pattern line around the level of $1,287. The market conditions look overbought, but no bearish divergence has been formed. In a case of an additional rally, the next target is 161%Fibo at the level of $1,306.

analytics58f07b3b4eb65.jpg

Market photo: Petroleum is in the corrective cycle

After hitting the technical resistance at the level of $53.78, the cost of Crude Oil reversed to the technical support at the level of $52.68. If the correction extends, then the next technical support will be seen at the level of $51.87. The numerous bearish divergences supports this view.

analytics58f07b4248763.jpg

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

Fxwirepro: Nzd/jpy topped Listed below 5-Dma, Great to Go Brief on Rallies

By | April 14, 2017

NZD/JPY recovery halts at 5-DMA, set edges lower after striking highs of 76.58 on Thursday ' s trade. The set remains in a major bear pattern, discovers small assistance at 75.60', break listed below targets 78.6% Fib

  • at 72.61. Cost action is below 200-DMA, break listed below 75.60 will see resumption of downtrend. Bears then
  • target 78.6% Fib retracement of 69.23 to 83.80 rally at 72.61. Momentum studies are bearish, technical indications are prejudiced lower. Risk-off controls amidst tensions in the Korean peninsula
  • and as United States battle Afghanistan continue to spook markets and keep yen supported. Support
  • levels- 75.60( trendline), 74.80( 61.8 %Fib ), 73.69 (Nov 9th low ), 72.61 (78.6% Fib) Resistance levels- 76.36( 5-DMA ), 76.52 (50 %Fib ), 77, 77.54( 20-DMA) TIME TREND INDEX OB/OS INDEX 1H Bearish Neutral. 4H Bearish Neutral. 1D Bearish Oversold. 1W Bearish Neutral Suggestion: Great to go brief on rallies around 76.15/ 25, SL: 76.60, TP: 75/ 74.80/ 74/ 73.70 FxWirePro Currency Strength Index: FxWirePro ' s Hourly NZD Area Index was at 84.408 (Bullish )
    , while Hourly JPY Area Index was at 189.258( Bullish) at 0620 GMT. For more details on FxWirePro
    ' s Currency Strength Index, visit http://www.fxwirepro.com/currencyindex!.?.!. . The product has actually been supplied by InstaForex Company- www.instaforex.com

  • Americas Roundup: Dollar Recovers After Selloff on Wednesday on Trump Remarks, United States Stocks Dip, Oil Near Flat in Strong Week

    By | April 13, 2017

    Market Roundup

    • & bull; United States weekly unemployed claims indicate tightening labor market, 234k v 245k projection; 4-wk Avg -3 k. • & bull; United States PPI last demand y/y 2.3% v 2.4% forecast, 2.2% previous, m/m -0.1% v 0% forecast, 0.3% previous. • & bull; US core PPI y/y 1.6% v 1.8% forecast, 1.5% previous; m/m 0% v 0.2% projection, 0.3% previous. • & bull; U Mich prelim sentiment 98 v 96.5 projection, 96.9 previous, expectations prelim 86.9 v 86 projection, 86.5 previous. • & bull; U Mich 1/5-yr inflation prelim unchanged at 2.5% 1-yr & & 2.4%5-yr. & bull; Senior United States Treasury official: US to reiterate to IMF/G20 meetings next week its function in monitoring forex, global imbalances. • & bull; Loan development stalls despite profit, trading gains at some huge banks. • & bull; Italy March EU-harmonized CPI gained a modified 1.9% m/m, 1.4% y/y. • & bull; IEA: Worldwide oil market nears balance even as stocks increase, IEA trims 2017 oil demand growth anticipated by 40,000 bpd.

    Looking Ahead – Economic Data (GMT)

    • & bull; No Substantial

    Data Looking Ahead – Events, Other Releases (GMT)

    • & bull; No Substantial Occasions

    Currency Summaries EUR/USD is likely to discover support at 1.0562 levels and currently trading at 1.0617 levels. The pair has actually made session high at 1.0635 and hit lows at 1.0608 levels. The euro declined versus the United States dollar on Thursday as the dollar recovered from its previous day'' s slide as investors discounted remarks by President Donald Trump. Dollar took a heavy hit after Trump'' s comments to the Wall Street Journal, in which he said the strength of the dollar would harm the economy. But after losing 0.6 percent on Wednesday, its biggest one-day fall in more than 3 weeks, the dollar recovered against a basket of major currencies that tracks its value. Trump'' s remarks went against a long-standing practice of both U.S. Democratic and Republican administrations of refraining from discussing policy set by the independent Federal Reserve. It is also uncommon for a president to discuss the worth of the dollar, a subject usually delegated the United States Treasury secretary. The dollar has shed 1.7 percent against the yen up until now today, its 4th week lower against the safe-haven Japanese currency in 5, as a rise in tensions in Asia and Europe prompted yen purchasing. The euro fell 0.5 percent to $1.0619 after touching a one-week high in overnight trading. GBP/USD is supported in the series of 1.2480 levels and presently trading at 1.2503 levels. It reached session high at 1.2531 and dropped to session low at 1.2500 levels. Britain'' s pound rose against the dollar on Thursday as positive financial information, and jitters ahead of the preliminary of the French presidential, pulled the pound up. Consumer prices in Britain increased in March by 2.3 percent compared to a year earlier above the Bank of England'' s target while revenues including bonus offers increased by an annual 2.3 percent in the 3 months to February. British producers reported the fastest export growth in more than 2 years in early 2017 and the services sector likewise recovered to acquire its greatest sales growth considering that last June'' s Brexit vote, a service study revealed on Thursday. Britain'' s pound got for the fourth succeeding day versus the dollar in early London trade, but lost momentum in the US session as the greenback recuperated from a dip following U.S. President Donald Trump'' s discuss its strength. It last traded at $1.2503, down 0.2 percent on the day, however still up 1 percent for the week. USD/CAD is supported at 1.3260 levels and is trading at 1.3331 levels. It has actually made session high at 1.3334 and lows at 1.3227 levels. The Canadian dollar decreased versus its U.S. equivalent on Thursday, as the lonnie was pushed by geopolitical stress and more powerful dollar throughout the board. Financiers were worried about the upcoming French presidential election as well as possible more U.S. military action versus Syria and news of a massive bomb being dropped by the United States in eastern Afghanistan on Thursday added to unpredictability. oil prices were little changed on modest volume on Thursday, in a week in which unrefined benchmarks recovered more of March'' s losses on increased hopes world supply and need were nearing balance.On the data front, Canadian production sales fell 0.2 percent in February after 3 successive months of increases, weighed down by decreases in the car assembly sector, data from Statistics Canada showed. The decrease was not as high as the 0.7 percent decrease financial experts had actually anticipated, while sales volumes rose 0.1 percent. AUD/USD is supported around 0.7550 levels and presently trading at 0.7570 levels. It struck session high at 0.7590 and made session lows at 0.7564 levels. The Australian dollar dipped slightly versus United States dollar on Thursday as geopolitical stress took on more significance after news that the United States had actually dropped a massive bomb in Afghanistan. The U.S. armed force said it dropped “the Mom of All Bombs,” the biggest non-nuclear gadget it has ever released in battle, on a network of tunnels and caves used by Islamic State in eastern Afghanistan on Thursday. The Australian dollar dipped to trade at 0.7564 from an earlier high of 0.7564 hit following upbeat readings on work in your home and trade in China where both imports and exports beat expectations. Australia'' s unemployed rate steadied at 5.9 percent in March as work surged one of the most in 1-1/2 years, a relief for the nation'' s reserve bank which had actually been stressed over current labour market softness. Information from the Australian Bureau of Stats (ABS) revealed the out of work rate held at a 13-month peak of 5.9 percent, in line with expectations. Yet work leapt 64,900, far surpassing anticipation of a 20,000 boost. Equities Recap European shares were led lower by declines in the bank sector on Thursday, leaving an index of the continent'' s top companies to nurse a weekly loss. The UK'' s benchmark FTSE 100 closed down by 0.4 percent, FTSEurofirst 300 ended the day down by 0.47 percent, Germany'' s Dax ended down 0.4, and France’& rsquo; s CAC ended up the day down by 0.7 percent. Significant U.S. stock indexes fell on Thursday for a 3rd straight day as financiers weighed profits reports from big U.S. banks and geopolitical stress, while the tech sector succumbed to a tenth successive session. Dow Jones shut down by 0.66 percent, S&P 500 ended down 0.67 percent, Nasdaq ended up the day down by 0.52 percent. Treasuries Recap U.S. Treasury yields fell on Thursday, with benchmark yields striking near five-month lows as President Donald Trump'' s favorable view of low-interest rates heightened a bond market rally that was underpinned by geopolitical worries. The yield on 10-year Treasury notes fell 14 basis points, for the biggest weekly decline considering that January 2016, while the space between 10-year and two-year yields contracted to under 103 basis points, the tightest because Nov. 9 after Trump'' s presidential win. Products Wrap-up Gold prices reduced from five-month highs on Thursday as the dollar rebounded from a slide activated by remarks from U.S. President Donald Trump that the greenback was too strong and that he would choose the Federal Reserve keep rate of interest low. Area gold was up 0.06 percent at $1,286.84 an ounce by 2:26 p.m. EDT (1826 GMT), having earlier hit its greatest given that early November at $1,288.64 an ounce. U.S. gold futures for June delivery ended 0.8 percent greater at $1,288.50. Oil rates were little changed in modest volume on Thursday, during a week where unrefined standards recovered more of March'' s losses on increased hopes world supply and need were nearing balance. Benchmark Brent crude futures settled up 3 cents to $55.89 a barrel after touching a one-month high on Wednesday. U.S. West Texas Intermediate crude futures settled up 7 cents at $53.18 a barrel. Both criteria were set for a 3rd successive weekly gain.

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

    Day-to-day analysis of USDX for April 14, 2017 888011000 110888 Regardless of the strong decrease lived throughout Wednesday’s session following Trump’s comments on the greenback, USDX recovered from the lows posted after the headings were reported to journalism and now it’s consolidating around 100.54, where it lies the 200 SMA at H1 chart. If the index does a breakout above 100.60, then it can evaluate the 101.00 psychological area. H1 chart’s resistance levels: 100.54/ 100.97 H1 chart’s assistance levels: 100.14/ 99.79 Trading suggestions for today: Based on the H1 chart, place sell(short )orders just if the USD Index breaks with a bearish candlestick; the support level is at 100.14, take revenue is at 99.79 and stop loss is at 100.47. The material has been supplied by InstaForex Business -www.instaforex.com

    By | April 13, 2017

    Despite the strong decline lived during Wednesday’s session following Trump’s comments on the greenback, USDX recovered from the lows posted after the headlines were reported to the press and now it’s consolidating around 100.54, where it’s located the 200 SMA at H1 chart. If the index does a breakout above 100.60, then it can test the 101.00 psychological area.

    USDXH1.png

    H1 chart’s resistance levels: 100.54 / 100.97

    H1 chart’s support levels: 100.14 / 99.79

    Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 100.14, take profit is at 99.79 and stop loss is at 100.47.

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

    Day-to-day analysis of GBP/USD for April 14, 2017 888011000 110888 The pair managed to pull away from 1.2573 following Trump’s remarks that deliver a strong selling wave to the US Dollar. A strong resistance can be seen around 1.2551 and ultimately, GBP/USD may begin to plummet to the 200 SMA zone at H1 chart. Above that location, the pair could do a rebound in order to resume the bullish bias, targeting the 1.2658 level. H1 chart’s resistance levels: 1.2551/ 1.2658 H1 chart’s assistance levels: 1.2423/ 1.2333 Trading suggestions for today: Based on the H1 chart, buy( long)orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2551, take revenue is at 1.2658 and stop loss is at 1.2443. The product has been offered by InstaForex Business -www.instaforex.com

    By | April 13, 2017

    The pair managed to retreat from 1.2573 following Trump’s comments that deliver a strong selling wave to the US Dollar. A strong resistance can be seen around 1.2551 and eventually, GBP/USD may start to plummet towards the 200 SMA zone at H1 chart. Above that area, the pair could do a rebound in order to resume the bullish bias, targeting the 1.2658 level.

    GBPUSDH1.png

    H1 chart’s resistance levels: 1.2551 / 1.2658

    H1 chart’s support levels: 1.2423 / 1.2333

    Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2551, take profit is at 1.2658 and stop loss is at 1.2443.

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

    Daily Video Technical Analysis|AUD/USD|13th April 2017 888011000 110888 We take a great in-depth take a look at AUD/USD and see if there are any trading chances for us to make some juicy pips!We combine the art of Fibonacci retracements, Fibonacci extensions, Support & & Resistance along with Stochastic and the RSI to identify the very best entry, stop loss and profit targets.Subscribe to me for more day-to-day technical analysis!The material has been offered by InstaForex Business-www.instaforex.com

    By | April 13, 2017

    We take a nice detailed look at AUD/USD and see if there are any trading opportunities for us to make some juicy pips!

    We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and the RSI to determine the best entry, stop loss and profit targets.

    Subscribe to me for more daily technical analysis!

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

    AUDJPY Fundamental Analysis April 13, 2017 888011000 110888 AUD/JPY had an impulsive bullish counter move after weeks of a non-volatile bearish pattern. The pair is still in the bearish trend, however it seems rather exhausted after a good quantity of spontaneous bearish pressure given that the bounce off the pattern line retest. Today AUD had favorable high-impact financial events, which impacted the general efficiency of this pair today. Today AUD Work Modification report was released with a positive outcome of 60.9 k (vs. 20.3 k anticipated), which in fact is a terrific dive from the previous value of 2.8 k. Addition to the Work Change, AUD Joblessness Rate was unchanged at 5.9% as expected and MI Inflation Expectations was 4.1% up, which previously was at 4.0%. On the other hand, today JPY had M2 Money Stock, which showed a boost of 4.3% (vs. 4.2% expected) and 30-y Bond Auction report was likewise released today with a minor change at 0.80|3.1 (vs. 0.82|3.1 previously). In contrast to JPY occasions, AUD had a larger upper hand today, which helped the currency to almost swallow up two days of bearish cost action. The Employment Modification had a big impact on the Australian economy and AUD is expected to get more strength in the coming days.Now let uslook at the technical view. After the upbeat Employment Change report, the price has impulsively moved up today. Currently, the cost is heading towards the dynamic resistance of 20 EMA; and if the cost reveals any type of bullish rejection after retesting the 20 EMA as resistance, we will be eagerly anticipating offer in this couple with a down target at 81.10. On the other hand, if the price violates the 20 EMA and shows a daily close above the 20 EMA, then we will alter our bearish bias to bullish and will target 86.15 as the upward target. The product has actually been provided by InstaForex Business- www.instaforex.com

    By | April 13, 2017

    AUD/JPY had an impulsive bullish counter move after weeks of a non-volatile bearish trend. The pair is still in the bearish trend, but it seems quite exhausted after a good amount of impulsive bearish pressure since the bounce off the trend line retest. Today AUD had positive high-impact economic events, which impacted the overall performance of this pair today. Today AUD Employment Change report was published with a positive result of 60.9k (vs. 20.3k expected), which in fact is a great jump from the previous value of 2.8k. Addition to the Employment Change, AUD Unemployment Rate was unchanged at 5.9% as expected and MI Inflation Expectations was 4.1% up, which previously was at 4.0%. On the other hand, today JPY had M2 Money Stock, which showed an increase of 4.3% (vs. 4.2% expected) and 30-y Bond Auction report was also released today with a slight change at 0.80|3.1 (vs. 0.82|3.1 previously). In comparison to JPY events, AUD had a bigger upper hand today, which helped the currency to nearly engulf two days of bearish price action. The Employment Change had a big impact on the Australian economy and AUD is expected to gain more strength in the coming days.

    Now let us look at the technical view. After the upbeat Employment Change report, the price has impulsively moved up today. Currently, the price is heading towards the dynamic resistance of 20 EMA; and if the price shows any kind of bullish rejection after retesting the 20 EMA as resistance, we will be looking forward to sell in this pair with a downward target at 81.10. On the other hand, if the price violates the 20 EMA and shows a daily close above the 20 EMA, then we will change our bearish bias to bullish and will target 86.15 as the upward target.

    analytics58efa1756e1a6.jpg

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