Trading plan for the US session on August 13 GBP/ USD

By | August 13, 2018

To open long positions for GBP/ USD, you require: The buyers made an incorrect break in the morning and returned to the assistance level of 1.2739, and while the trade is above this level, one can expect an upward correction in the resistance location of 1.2789 and a maximum update in the location of 1.2847, where I recommend fixing the revenues. If the pound drops listed below the support location of 1.2739, in the afternoon, long positions are best thought about after the upgrade of the big level of 1.2677.

To open brief positions for GBP/ USD, you need:

The development of an incorrect breakout at the resistance level of 1.2789 will be another signal to offer the pound. The primary job for the second half of the day remains the combination listed below the assistance level of 1.2739, which will lead to another big wave of sales in GBP/ USD currency pair, in the expectation of renewing the area of 1.2677 and 1.2594, where I recommend fixing the earnings. When it comes to a pound’s increase above 1.2789, brief positions are best searched for the resistance test of 1.2847 and 1.2893.

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Description of indications

MA (average moving) 50 days – yellow

MA (average sliding) One Month – green

MACD: quick EMA 12, sluggish EMA 26, SMA

Bollinger Bands 20

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

Jonathon Alexander

EUR/ USD. On the horizon, the mark of 1.1250

By | August 13, 2018

The Turkish”crisis epic”continues to get momentum. For many weeks, this issue was of a regional nature and did not impact the currency market on the scale that affects now. However with the “light hand”of the American press, traders succumbed to stress, as the marketplace had an affordable idea that the metastases of the Turkish crisis would pose not only the European economy, however, perhaps, the world economy. Now, the central theme of the financial markets is Turkey.From 4.9 to 6.9, so quickly the Turkish lira depreciated against the dollar during the two weeks of August. Today, the decline in the Turkish currency has slowed down, just at the expense of the declaration made by the Central Bank of the nation. The regulator assured to support the banking sector through providing liquidity and”other assistance steps”. Nevertheless, in the opinion of a frustrating variety of professionals, such rhetoric will keep the growth of the set USD/ SHOT just for a while, the sounded measures look too soft relative to the existing scenario. According to numerous economists, the Turkish Reserve bank needs to immediately raise the rate by 500-600 points at the same time, just such”shock therapy “could stop the economic crisis.However, according to other professionals, the Turkish economy will not assist and the aggressive rate walking. The collapsed lira provoked a number of problems, inflation jumped to almost 16 %, unemployment, by 12%, and the deficit spending is 48 billion lira. Such a quickly changing scenario impacted the ability of the Turks to pay, the number of people who did not settle their debts on credit cards, has actually grown by nearly half a million for 6 months, and in general, the debts on loans currently have nearly 3.5 million individuals. The volume of the Central Bank’s net reserves decreased to$ 20 billion, while the external debt is more than three hundred billion dollars. The current account deficit( almost$60 billion) recommends that the nation earns less than it invests. And offered the characteristics of economic indications, this pattern can be catastrophic.The only remedy is external help, but here, Turkey can deal with huge problems. Experts believe that Ankara will have to use to the IMF for a loan. Inning accordance with various price quotes, the Turks will need an amount going beyond$200 billion. And here, it ought to be noted that the United States share in the International Monetary Fund is 17%, and worldwide Bank, 20%. This situation will permit obstructing the IMF choice on support to the Turks. According to the policies of the Fund, a positive solution is provided “at least 85 percent of the vote,”while just 15 percent are required for obstructing. There is no requirement to develop impressions, the US has long been utilizing the IMF as an instrument of foreign policy, and this case will not be an exception.By the method, not so long back, members of the United States Senate have currently introduced a bill that includes restricting Turkey to loans from global monetary organizations. If Ankara appeals to the IMF, it will come across strong resistance. Based upon this fact, the possibility of declining support is very high.And Washington, in its turn, simply began to “tighten up the screws”to Ankara. The personal sanctions versus the 2 Turkish ministers turned out to be “flowers”, while”berries “are still ahead. At the end of last week, the US president approved a boost in the customs responsibility on steel and aluminum from Turkey in half, now the task on aluminum has actually increased by 20%, and steel, by 50%. And, inning accordance with readily available information, this step is likewise not the last from the Americans. The White House is considering the alternative of eliminating tax advantages that use to Turkey’s products for a total of $1.6 billion. A spokesperson for US Trade Agent Robert Lighthizer verified this info, saying” a modification of the duty-free import of Turkish products to the US market”. The look for a compromise in this scenario was not crowned with success. In fact, the needs of the American side are not subject and unambiguous to discussion: The states demand to launch their resident from prison, without fulfilling any counter needs. This action by Turkey will lead to normalization of relations between the countries, however, Turkish President Erdogan takes a principled position in this issue. According to reports, Washington provided the time to Ankara up until Wednesday, that is, till August 15. If until this minute the demands of the States are not satisfied, the flywheel of the approving pressure will be let loose with restored vigor.The European currency has actually ended up being a captive to this circumstance. If the Turkish crisis continues to gain momentum, the largest banks in Europe will suffer, which will affect the general monetary stability in the euro area. In addition, if the circumstance aggravates by the end of the year, the ECB can extend the incentive program, automatically holding off consideration of the problem of raising the rate for an indefinite duration. Such prospects put strong pressure on the euro, not just in tandem with the dollar, and throughout the market.Therefore, the immediate potential customers for the euro depending on the resolution of the Turkish problem. Traders will be optimistic about this signal if Ankara makes concessions. Otherwise, the EUR/ USD dive will continue. The technical photo of USD/ JPY affirms to the indisputable concern of the downward movement. About it state almost all the “older” timeframes- H4, w1, and d1. On the weekly chart, the pair is on the bottom line of the Bollinger Bands indication

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and under the cloud Kumo, and the sign Ichimoku Kinko Hyo formed a bearish signal “Line Parade”. The resistance level is 1.1525, this is the lower border of the cloud Kumo(on W1), which accompanies the line Tenkan-sen. The assistance level is the cost of 1.1250, this is the bottom line of Bollinger Bands on the weekly chart. It is the 1.1250 mark that is the main southern target of the down movement.The material has been offered by InstaForex Company-www.instaforex.com

Jonathon Alexander

The day-to-day review of EUR/ JPY as of August 13, 2018. Ichimoku Indicator

By | August 13, 2018

EUR/ JPY The gamers on the fall could not close the past week below the support levels of 126.18-46(monthly Senkou Period A +week Senkou Span B). Today, they went on the technique and still turned assistance into resistance by doing it with the help of a great coming down gap, carried out at the opening of the marketplace. The securing on the present positions will allow to continue the decline, the closest reference point of which now serves the area of 124.00-79 (day target for breakdown of clouds + month-to-month Kijun + minimum extremum).

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At lower time periods, the downtrend now delights in the support of all components of the Ichimoku indication. The benchmarks are the levels of the senior periods, led by the daily target of 124.00-79. The most important resistance, in the case of development of correction, today, is the location of 126.18-46. Here, the levels of numerous times are focused, repairing above will alter the current balance of forces and will enable to consider the possibilities for forming a full-scale upward correction.Indicator parameters:

Perpetuity periods 9-26-

52 The color of indicator lines: Tenkan

(short-term pattern)-red, Kijun (medium-term trend) – green, Fibo Kijun is a green dotted line,

Chinkou is gray,

Clouds: Senkou Span B(

SSB, long-lasting pattern)-blue,

Senkou Span A (SSA) – pink.The color

of extra lines:

Assistance and resistance MN – blue, W1 – green, D1 – red, H4 – pink, H1 – gray,

Horizontal levels (not Ichimoku) – brown,

Pattern lines – purple.The product has actually been offered by InstaForex Company – www.instaforex.com

Jonathon Alexander

Wave analysis of GBP/ USD for August 13. The fifth wave is still continuing its building

By | August 13, 2018

Analysis of wave counting:

In the course of trading on August 10, the GBP/ USD currency pair fell by 60 percentage points. Therefore, there is a need to think that wave 5, 3, a, has actually not yet finished its building. A successful attempt to break through the invested mark of 1.2758 will enable the pair to continue the decrease with targets located near the mark of 1.2636. Offered a rather strong downward impulse, wave 5 may take a more prolonged type than was originally meant. An unsuccessful effort to break among the target marks might cause the completion of the building and construction of wave 3, a.The goals for the alternative with purchases:1.3301 – 161.8% of Fibonacci (the earliest Fibonacci grid)

The goals for the alternative with sales:1.2758 – 261.8% of Fibonacci

1.2636 – 261.8% of Fibonacci (the oldest Fibonacci grid)

Basic conclusions and trading suggestions:

The GBP/ USD currency set remains in the structure of the construction of the down pattern section. Today, I recommend that you continue to stay in sales in the expectation of a development mark of 1.2758, which corresponds to 261.8% of Fibonacci, with targets found near the approximated mark of 1.2636, which is comparable to 261.8% in the senior Fibonacci grid. An unsuccessful breakthrough effort at 1.2758 might lead to the conclusion of wave 5, and when it comes to this option, I suggest closing sales, because it is possible to construct wave 4, a.The material has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

Pound and the euro will continue to decline

By | August 13, 2018

The development of customer rates in June in the US totaled up to 0.2%, this outcome was 1 point higher than the June value and coincided with the forecasts. Inflation development at an annualized rate of 2.94%, initially look, such a trend should be thought about positive in the middle of expectations of a boost in the Fed rate at a meeting on September 26. At the minute, the possibility of a boost, according to the CME futures market data, is 91%, that is, the markets do not question the next step, nevertheless, according to inflation expectations, the image is not so rosy.Yield of the

bonds Tips continues to decline, as of August 9, it was up to April worths, and for that reason there is every reason to expect that the information for August will be significantly even worse than the July information.

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The 2nd worrying criterion is the dynamics of labor remuneration. The growth of the typical wage can be considered adequate just without taking inflation into account, however if we fix the inflation, it will turn out that the typical wage has actually reduced by 0.2% year-on-year, which casts doubt on the spending plan’s fillability and the success of the entire tax reform as a whole.The hazard

of failing on the eve of the congressional elections makes Trump act more aggressively, and the sharp drop in a number of currencies against the dollar by the end of the week is mainly political, not economic.The weekly CFTC report revealed that the dollar continues to be the leader of the currency market, and, most likely, will continue to strengthen.On Tuesday, the

index of organisation optimism from NFIB will be published, on Wednesday a crucial report on the characteristics of retail sales in July, which could affect inflation expectations.Eurozone The sharp decrease in the euro on Friday

was due to

the announcement of the ECB about the growing risks for the euro location connected with the fall of the Turkish lira, considering that it is the European banks that are the primary creditors of the Turkish economy. The issues for the banks provoked discussions that the ECB could extend the property repurchase program, which was the direct cause of the euro’s decrease. Because an instant refutation by the ECB management was not followed, it can be presumed that the regulator does not intend to avoid the euro from weakening.This conclusion is supported by the general state of mind of the economic bulletin published recently, in which the ECB expresses concern over the slowdown in world trade. For the first time considering that 2016, the volume of imports shows a slowdown, export orders noticeably reduce, in these conditions, a decrease in the euro for the euro location is a favorable element. On Tuesday, the 2nd quote of GDP development in the euro location in the second quarter, as well as

a report on commercial production in June, will be published. There are needs to think that it will be worse than the previous one, which will increase pressure on the euro.At the moment, EUR/ USD stays under pressure, support for 1.1450 has actually not withstood, and now the main resistance has actually shifted to this level. The nearest target is 1.1260/ 80, a little further support is 1.1185/ 95, which is most likely to be the target of the bears for the next week.United Kingdom Friday for the pound was rich for news. Macroeconomic reports in basic looked quite positive-GDP development in 2 square meters. verified at 1.3%, production in June stayed stable, the dynamics of the trade balance was suddenly positive.However, a pound of positive news does not assist much. Threats of the hard Brexit have increased significantly after comments by Bank of England Guv Mark Carney and Commerce Minister Liam Fox, and the call for a brand-new referendum is likewise picking up. Such an advancement of occasions presents a specific intricacy for the Bank of England, as it calls into question the progressive conclusion of a period of soft financial policy.On Tuesday, a report on the labor market will be released, on Wednesday, consumer inflation. Even favorable news will not assist the pound to begin recovery, the GBP/ USD rate will stay under the impact of political elements. In the next 24 hours, the pound is most likely to fall below 1.27, resistance is supported by the recent assistance of 1.2917. The product has actually been provided by InstaForex Company -www.instaforex.com

Jonathon Alexander

BITCOIN Analysis for August 13, 2018 888011000 110888 Bitcoin has actually been varying in between $6,000 to $6,500 location for a few days now while being quite unstable inside the area. The bearish pressure has actually been quite impulsive earlier which took the price to the NO point from where the earlier bullish relocation occurred to press the rate higher. The price has been a bit bullish for last 2 days which does not suggest any more bullish momentum ahead but an everyday close above $6,500 is expected to inject more bullish momentum in the set with a target towards $8,000 location. As the cost stays above $6000 location with a daily close, the bullish bias is anticipated to continue even more in the coming days.SUPPORT: 6,000 RESISTANCE: 6,500, 8,000, 10,000PREDISPOSITION: BEARISHMOMENTUM: VOLATILE The material has been offered by InstaForex Business-www.instaforex.com

By | August 13, 2018

Bitcoin has been ranging between $6,000 to $6,500 area for a few days now while being quite volatile inside the area as well. The bearish pressure has been quite impulsive earlier which took the price to the ZERO point from where the earlier bullish move took place to push the price higher. The price has been a bit bullish for last 2 days which does not indicate any further bullish momentum ahead but a daily close above $6,500 is expected to inject further bullish momentum in the pair with a target towards $8,000 area. As the price remains above $6000 area with a daily close, the bullish bias is expected to continue further in the coming days.

SUPPORT: 6,000

RESISTANCE: 6,500, 8,000, 10,000

BIAS: BEARISH

MOMENTUM: VOLATILE

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

Jonathon Alexander

Basic Analysis of USD/JPY for August 13, 2018 888011000 110888 USD/JPY has actually been rather impulsive with the bearish momentum recently which lead the cost to open listed below 110.50 today. As the break below 110.50 was with a gap, the breakout can not be taken as optimum for further bearish pressure in the pair.This week JPY Trade Balance report is going to be released on Thursday, which is anticipated to decrease to 0.02 T from the previous figure of 0.07 T. The pessimist projection of the JPY’s only impactful news today might lead to particular weak point on the JPY side this week versus USD in the process.On the other hand, having no economic report or occasion todayto impact the market on the USD also, this week on Wednesday, Retail Sales report is going to be released which is expected to decrease to 0.2 %from the previous worth of 0.5%and Core Retail Sales report is anticipated to be unchanged at 0.4%. On Thursday, USD Building Allows report is going to be released which is expected to have a minor boost to 1.31 M from the previous figure of 1.29 M in the process.As of the existing circumstance, though JPY has been leading with particular gains just recently, the bearish momentum is anticipated tofade away if USD performs much better than anticipated in the upcoming economic reports to be released this week which is more likely to take place.Now let us look at the technical view. The cost is presently living below 110.50 and also at the edge of Kumo Cloud assistance whereas an everyday close above 110.50 is expected to lead the price to 112.00 resistance location in the coming days. As the cost remains above 108.50-109.20 location, the bullish bias is expected to continue further.SUPPORT: 108.50-109.20 RESISTANCE: 112.00 PREDISPOSITION: BULLISH MOMENTUM: VOLATILE< img width="450 "src= "http://qkfx.com/wp-content/uploads/2018/08/fundamental-analysis-of-usd-jpy-for-august-13-2018.png”alt=”analytics5b7121778b82f.png”/ >The material has beenprovided by InstaForex Company-www.instaforex.com

By | August 13, 2018

USD/JPY has been quite impulsive with the bearish momentum recently which lead the price to open below 110.50 today. As the break below 110.50 was with a gap, the breakout cannot be taken as optimum for further bearish pressure in the pair.

This week JPY Trade Balance report is going to be published on Thursday, which is expected to decrease to 0.02T from the previous figure of 0.07T. The pessimist forecast of the JPY’s only impactful news this week may lead to certain weakness on the JPY side this week against USD in the process.

On the other hand, having no economic report or event today to impact the market on the USD as well, this week on Wednesday, Retail Sales report is going to be published which is expected to decrease to 0.2% from the previous value of 0.5% and Core Retail Sales report is expected to be unchanged at 0.4%. Moreover, on Thursday, USD Building Permits report is going to be published which is expected to have a slight increase to 1.31M from the previous figure of 1.29M in the process.

As of the current scenario, though JPY has been leading with certain gains recently, the bearish momentum is expected to fade away if USD performs better than expected in the upcoming economic reports to be published this week which is more likely to take place.

Now let us look at the technical view. The price is currently residing below 110.50 and also at the edge of Kumo Cloud support whereas a daily close above 110.50 is expected to lead the price towards 112.00 resistance area in the coming days. As the price remains above 108.50-109.20 area, the bullish bias is expected to continue further.

SUPPORT: 108.50-109.20

RESISTANCE: 112.00

BIAS: BULLISH

MOMENTUM: VOLATILE

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

Jonathon Alexander

Bitcoin analysis for 13/08/2018

By | August 13, 2018

The Chilean Crypto stock exchange Crypto MKT just recently revealed that its residents can now buy products and services for cryptocurrencies from more than 5,000 traders thanks to the new combination with the cryptographic payment processor.According to the statement, the partnership between Crypto MKT and Flow.cl online payment platform has actually allowed sellers to include cryptocurrency payment choices through a platform called CryptoCompra.com.The CryptoCompra platform is available in Chile, Argentina, Brazil and Europe and enables customers to pay business utilizing cryptocurrencies while allowing merchants to get payments in pesos, nationwide fiat loan. In

addition, there is a fund at Crypto MKT that ensures that payments made in cryptography are not affected by substantial variations in costs. The announcement reads:”There is a warranty fund that permits payments to not depend upon large increases or decreases in Bitcoin, Ethereum, and Stellar prices. It gives peace and security to the client due to the fact that he will not have surprises in payments.”He further mentions that accepting cryptocurrencies allows companies to accept payments from all over the world and provides an opportunity to be recognized as an avant-garde business that can take pleasure in secure and quick payments.Development is noticeable because Chile is a nation where the cryptocurrency

, Orionx, Buda and Crypto MKT markets have abolished exactly what was considered a total ban for the crypto market when local banks closed their clients.The president of the Reserve bank in Chile, Mario Marcel, previously this year exposed that he was thinking about executing

cryptocurrency laws that would supply financial institutions with the info needed to “keep track of the associated risks “. Let’s now take a look at the Bitcoin technical image at the H4 amount of time. The market remains secured a horizontal combination area in between the levels of $6,600- $5,951. There is now a weekly pivot simply in the middle of this zone at the level of$6,424, so traders may conclude the existing trading conditions are neutral. In a case of a breakout to the benefit, the next resistance is seen at the level of $6,782 and in a case of a downside breakout the next technical support is seen at the level of$5,728 and it is essential. The material has been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander