Bitcoin analysis for December 11, 2017 888011000 110888 Bitcoin (BTC)has been trading upwards. As I expected, the cost evaluated the level of$16,645. Latin America has actually known even more than its reasonable share of financial problems throughout the years. Whether it’s populist transformations, military coups or some other calamity, the abundant in the area always needed to think of how to secure their wealth from possible confiscation, devaluation or whatever may come. Unlike in the past when they turned to offshore banking, realty and gold, the best option today is likewise easily available by the middle and poorclass, bitcoin. The technical image looks bullish.Trading suggestions: Inning accordance with the 15M timespan, I discovered the potential bullish flag pattern in creaction, which is a ign that offering looks risky. My suggestions is to expect possible bullish breakout of the pattern to validate futher upward continuation. Theupward target is set at the cost of $17,141.00. Support/Resistance$16,684– Intraday resistance(rate action )$15,648– Intraday support$17,141– Objective point With InstaForex you can earn on cryptocurrency’s movements today. Just open a handle your MetaTrader4.The material has been offered by InstaForex Business – www.instaforex.com

By | December 11, 2017

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Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $16,645. Latin America has known far more than its fair share of economic troubles over the years. Whether it’s populist revolutions, military coups or some other calamity, the rich in the region always had to think of how to protect their wealth from possible confiscation, hyperinflation or whatever may come. Unlike in the past when they turned to offshore banking, real estate and gold, the best solution right now is also easily accessible by the poor and middle class, bitcoin. The technical picture looks bullish.

Trading recommendations:

According to the 15M time frame, I found the potential bullish flag pattern in creaction, which is a ign that selling looks risky. My advice is to watch for potential bullish breakout of the pattern to confirm futher upward continuation. The upward target is set at the price of $17,141.00.

Support/Resistance

$16,684– Intraday resistance (price action)

$15,648 – Intraday support

$17,141 – Objective point

With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.

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

Jonathon Alexander

Analysis of Gold for December 11, 2017 888011000 110888 Just recently, Gold has actually been trading downwards. The rate tested the level of$1,244. Anyway, inning accordance with the 30M time-frame, I found that price is trading within a trading variety in between the rate of$1,252.30(resistance) and the rate of $1,244.00 (assistance). Given that the short-term pattern is bearish, my guidance isto watch for possible selling chances. The down targets are setat the rate of $1,244.00and at the price of$ 1,239.70 Resistance levels: R1:$1,252.37 R2:$1,256.57 R3: $1,260.77 Assistance levels: S1:$1,243.97 S2:$ 1,239.77 S3:$1,235.57 Trading recommendations for today: look for prospective selling opportunities.The material has been offered by InstaForex Company -www.instaforex.com

By | December 11, 2017

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Recently, Gold has been trading downwards. The price tested the level of $1,244. Anyway, according to the 30M time- frame, I found that price is trading inside of a trading range between the price of $1,252.30 (resistance) and the price of $1,244.00 (support). Since the short-term trend is bearish, my advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,244.00 and at the price of $1,239.70

Resistance levels:

R1: $1,252.37

R2: $1,256.57

R3: $1,260.77

Support levels:

S1: $1,243.97

S2: $1,239.77

S3: $1,235.57

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading suggestions for December 11, 2017 888011000 110888 Daily Outlook A current bullish breakout above the downtrend line happened on May 22. Ever since, the marketplace has actually been bullish as depicted on the chart.This resulted in a quick bullish advance to next rate zones around 0.7150-0.7230(Key-Zone)and 0.7310-0.7380 which was momentarily breached to the upside.Recent bearish pullback was executed to the price zone of 0.7310-0.7380(newly-established demand-zone)which failed to offer sufficient bullish assistance for the NZD/USD pair.Re-consolidation listed below the rate level of 0.7300 improved the bearish side of themarket. This brought the NZD/USD set once again towards 0.7230-0.7150 (Key-Zone )which cannot stop briefly the ongoing bearish momentum.An irregular Head and Shoulders pattern was revealed on the illustrated chart which started bearish reversal.As anticipated, the rate level of 0.7050 cannot offer adequate bullish assistance for the NZD/USD pair. That’s why, further bearish decrease was anticipated to 0.6800 (Turnaround pattern bearish target ). Obvious signs of bullish recovery was expressed around the recent low(0.6780 ). That’s why, a bullish pullback was anticipated to 0.7050. On the other hand, an inverted Head and Shoulders pattern is being established on the chart indicating bullishreversal.That’s why, the price zone of 0.6800-0.6830 can be considered for a short-term BUY entry. S/L ought to be placed listed below 0.6770. T/P level stays forecasted towards 0.7050.The product has been supplied by InstaForex Business – www.instaforex.com

By | December 11, 2017

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Daily Outlook

A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart.

This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside.

Recent bearish pullback was executed towards the price zone of 0.7310-0.7380 (newly-established demand-zone) which failed to offer enough bullish support for the NZD/USD pair.

Re-consolidation below the price level of 0.7300 enhanced the bearish side of the market. This brought the NZD/USD pair again towards 0.7230-0.7150 (Key-Zone) which failed to pause the ongoing bearish momentum.

An atypical Head and Shoulders pattern was expressed on the depicted chart which initiated bearish reversal.

As expected, the price level of 0.7050 failed to offer enough bullish support for the NZD/USD pair. That’s why, further bearish decline was expected towards 0.6800 (Reversal pattern bearish target).

Evident signs of bullish recovery was expressed around the recent low (0.6780). That’s why, a bullish pullback was expected towards 0.7050.

On the other hand, an inverted Head and Shoulders pattern is being established on the chart indicating bullish reversal.

That’s why, the price zone of 0.6800-0.6830 can be considered for a short-term BUY entry. S/L should be placed below 0.6770. T/P level remains projected towards 0.7050.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for December 11, 2017 888011000 110888 Month-to-month Outlook In January 2015, the EUR/USD pair moved below the significant need levels near 1.2050-1.2100(multiple previous bottoms set in July 2012 and June 2010). A long-lasting bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the month-to-month need level around 1.0500, which had actually been previously reached in August 1997. In thelonger term, the level of 0.9450 remains a forecasted target if any month-to-month candlestick accomplishes bearish closure below the depicted regular monthly demand level of 1.0500. The EUR/USD set has actually been trapped within the portrayed debt consolidation range(1.0500-1.1450 )till the current bullish breakout was carried out above 1.1450. The existing bullish breakout above 1.1450 enabled a quick bullish advance to 1.2100 where recent evidence of bearish rejection was expressed(Note the previous Monthly candlestick of September). Daily Outlook In January 2017, the previous drop was reversed when the Inverted Head and Shoulders pattern was established around 1.0500. Ever since, obvious bullish momentum has been expressed on the chart.As prepared for, the continuous bullish momentum permitted the EUR/USD pair to pursue further bullish advanceto 1.1415-1.1520( Previous Daily Supply-Zone). The daily supply zone cannot pause the continuous bullish momentum. Rather, apparent bullish breakout was revealed towards the price level of 1.2100 where the illustrated Head and Shoulders turnaround pattern was expressed.If the current bearish breakout continues listed below 1.1700 (Neck line of the reversal pattern), a fast bearish decrease should be expected towards the rate zone of 1.1415-1.1520 (Initial targets for the portrayed H&S pattern).Bearish target for the illustrated Head and Shoulders pattern extends towards 1.1350. However, to pursue to the discussed target level, considerable bearish pressure is had to be used against the mentioned zone (1.1415-1.1520). Current price action around the cost zone of 1.1520-1.1415 showed apparent bullish recovery. This prevented further bearish decrease as long as the recent low around 1.1550 stays unbroken.Trade Recommendations The price levels around 1.1900-1.1950 were suggested for a legitimate short-term SELL entry. It’s currently running in profits.S/ L needs to be decreased to 1.1870 to protect a few of the revenues. T/P levels to be located at 1.1700 and 1.1590. The material has been supplied by InstaForex Company-www.instaforex.com

By | December 11, 2017

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Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

However, the EUR/USD pair has been trapped within the depicted consolidation range (1.0500-1.1450) until the current bullish breakout was executed above 1.1450.

The current bullish breakout above 1.1450 allowed a quick bullish advance towards 1.2100 where recent evidence of bearish rejection was expressed (Note the previous Monthly candlestick of September).

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Daily Outlook

In January 2017, the previous downtrend was reversed when the Inverted Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further bullish advance towards 1.1415-1.1520 (Previous Daily Supply-Zone).

The daily supply zone failed to pause the ongoing bullish momentum. Instead, evident bullish breakout was expressed towards the price level of 1.2100 where the depicted Head and Shoulders reversal pattern was expressed.

If the recent bearish breakout persists below 1.1700 (Neckline of the reversal pattern), a quick bearish decline should be expected towards the price zone of 1.1415-1.1520 (Initial targets for the depicted H&S pattern).

Bearish target for the depicted Head and Shoulders pattern extends towards 1.1350. However, to pursue towards the mentioned target level, significant bearish pressure is needed to be applied against the mentioned zone (1.1415-1.1520).

However, recent price action around the price zone of 1.1520-1.1415 indicated evident bullish recovery. This hindered further bearish decline as long as the recent low around 1.1550 remains unbroken.

Trade Recommendations

The price levels around 1.1900-1.1950 were suggested for a valid short-term SELL entry. It’s already running in profits.

S/L should be lowered to 1.1870 to secure some of the profits. T/P levels to be located at 1.1700 and 1.1590.

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

Jonathon Alexander

Euro Advances Against Majors

By | December 11, 2017

The euro rose against its major counterparts in the early European session on Monday.

The euro climbed to 4-day highs of 0.8825 against the pound and 1.1796 against the greenback, from their earlier lows of 0.8773 and 1.1762 respectively. The euro rose to 1.1694 against the franc from its earlier low of 1.1676. Against the yen, the euro advanced to a 1-week high of 133.88 from an earlier low of 133.52.

If the euro continues its uptrend ,it is likely to find its resistance around 0.89 against the pound, 1.184 against the greenback, 1.17 against the franc and 134.2 against the yen.

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

Jonathon Alexander

Italy Retail Sales Fall In October

By | December 11, 2017

Italy’s retail sales decreased in October after recovering a month ago, the statistical office Istat said Monday.

Retail sales fell 1 percent month-on-month, reversing a 0.8 percent rise in September. A similar large decline was last seen in November 2016.

Sale of food products dropped 0.9 percent and that of non-food products decreased 1 percent.

On a yearly basis, retail sales slid 2.1 percent in contrast to September’s 3.1 percent increase, data showed.

In volume terms, retail sales volume decreased 1.1 percent in October from September and by 2.9 percent from the previous year.

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

Jonathon Alexander

Technical analysis of EUR/USD for Dec 11, 2017 888011000 110888 When the European market opens, some economic information will be released such as Italian Retail Sales m/m. The US will provide a number of financial reports also such as 10-y BondAuction and JOLTS Job Openings. Amid the reports, EUR/USD will move with low to medium volatility during this day.TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1829 Strong Resistance: 1.1822Original Resistance: 1.1811 Inner Offer Location: 1.1800Target Inner Location: 1.1772 Inner Buy Location: 1.1744Original Support: 1.1733 Strong Assistance: 1.1722 Breakout SELL Level: 1.1715 Disclaimer: Trading Forex( forex )on margin brings a high level of risk, and may not be suitable for all investors. The high degree of utilize can work versus you as well as for you. Prior to deciding to buy foreign exchange you must carefully consider your financial investment goals, level of experience, and threat hunger. The possibility exists that you could sustain a loss of some or all of your initial investment and for that reason you need to not invest loan that you can not afford to lose. You ought to be aware of all the threats connected with foreign exchange trading, and consult from an independent financial consultant if you have any doubts.The material has actually been offered by InstaForex Business-www.instaforex.com

By | December 11, 2017

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When the European market opens, some economic data will be released such as Italian Retail Sales m/m. The US will present several economic reports as well such as 10-y Bond Auction and JOLTS Job Openings. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1829

Strong Resistance: 1.1822

Original Resistance: 1.1811

Inner Sell Area: 1.1800

Target Inner Area: 1.1772

Inner Buy Area: 1.1744

Original Support: 1.1733

Strong Support: 1.1722

Breakout SELL Level: 1.1715

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Jonathon Alexander

Technical analysis of USD/JPY for Dec 11, 2017 888011000 110888 In Asia, Japan will launch the Prelim Device Tool Orders y/y, M2 Cash Stock y/y, and BSI Manufacturing Index. The United States will release some Economic Data too such as 10-y Bond Auction and JOLTS Task Openings. Thereis a possibility the USD/JPY pair will move with low to medium volatility throughout this day.TODAY’STECHNICAL LEVELS: Resistance 3: 114.19 Resistance 2: 113.96 Resistance 1: 113.74 Assistance 1: 113.47 Assistance 2: 113.25 Support 3: 113.03 Disclaimer: Trading Forex(forex)on margin brings a high level of danger, and may not appropriate for all financiers. The high degree of utilize can work against you in addition to for you. Before deciding to invest in forex you should thoroughly consider your investment goals, level of experience, and danger hunger. The possibility exists that you could sustain a loss of some or all of your initial financial investment and for that reason you must not invest loan that you can not pay for to lose. You ought to understand all the risks connected with foreign exchange trading, and consult from an independent financial advisor if you have any doubts.The material has actually been provided by InstaForex Company-www.instaforex.com

By | December 11, 2017

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In Asia, Japan will release the Prelim Machine Tool Orders y/y, M2 Money Stock y/y, and BSI Manufacturing Index. The US will release some Economic Data as well such as 10-y Bond Auction and JOLTS Job Openings. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Resistance 3: 114.19

Resistance 2: 113.96

Resistance 1: 113.74

Support 1: 113.47

Support 2: 113.25

Support 3: 113.03

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Jonathon Alexander

USD/JPY time to turn bullish on pullback assistance

By | December 11, 2017

Cost has broken an essential level of assistance triggering our bullish relocation. We look to buy above major support at 113.11(Fibonacci retracement, horizontal overlap assistance) for a rise to a minimum of 113.90 resistance(Fibonacci retracement, horizontal swing high resistance). Stochastic (34,3,1) is revealing major resistance at 96% so we expect a retracement initially to obtain us into an excellent entry position prior to our bounce.

Buy above 113.11. Stop loss at 112.79. Take revenue at 113.90.

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

Jonathon Alexander