Essential analysis of NZD/USD for August 18, 2017 888011000 110888 NZD/USD has been quite volatile just recently on the way to retesting the resistance area of 0.7370-0.7460. The other day, NZD has actually lost premises due to positive financial reports from the United States which result in more volatility in this set recently. New Zealand posted a favorable PPI input report released the other day at 1.4% which formerly was at 0.8% and expectation was at 0.9%. At the same time, the PPI Output was als favorable at 1.3% which was anticipated to reduce to 0.7% from 1.4%. The currency has acquired quite impulsively in the early hours of the market but might not sustain it long enough. On the other hand, today the Prelim UoM Consumer Sentiment report is going to be released which is expected to show a slight boost to 94.0 from the previous figure of 93.4. If the report reveals a better than anticipated outcome, then we may see more bearish pressure in this set in the coming days. NZD has been quite positive with the economic reports recently however could not keep gains long enough against USD, which shows that USD is stronger than NZD in spite of the variation of economic report effects.Now let us look at the technical view. The rate is presently proceeding greater with a target towards the resistance location of 0.7370-0.7460 but in a volatile restorative structure. The price is currently anticipated to decline the resistance location and after that continue lower to 0.7050 assistance level in the coming days. As the rate remains below the resistance level of 0.7460, the bearish predisposition is expected to continue further in the coming days. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | August 18, 2017

NZD/USD has been quite volatile recently on the way to retesting the resistance area of 0.7370-0.7460. Yesterday, NZD has lost grounds due to positive economic reports from the United States which lead to more volatility in this pair recently. New Zealand posted a positive PPI input report published yesterday at 1.4% which previously was at 0.8% and expectation was at 0.9%. At the same time, the PPI Output was als positive at 1.3% which was expected to decrease to 0.7% from 1.4%. However, the currency has gained quite impulsively in the early hours of the market but could not sustain it long enough. On the other hand, today the Prelim UoM Consumer Sentiment report is going to be published which is expected to show a slight increase to 94.0 from the previous figure of 93.4. If the report shows a better than expected result, then we might see more bearish pressure in this pair in the coming days. NZD has been quite positive with the economic reports recently but could not maintain gains long enough against USD, which indicates that USD is stronger than NZD despite the variation of economic report effects.

Now let us look at the technical view. The price is currently proceeding higher with a target towards the resistance area of 0.7370-0.7460 but in a volatile corrective structure. The price is currently expected to reject the resistance area and then proceed lower towards 0.7050 support level in the coming days. As the price remains below the resistance level of 0.7460, the bearish bias is expected to continue further in the coming days.

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

Jonathon Alexander

Portugal PPI Inflation Slows Additional

By | August 18, 2017

Portugal’s manufacturer cost inflation alleviated for the fourth successive month in July, figures from Statistics Portugal revealed Friday.

Industrial producer prices climbed 2.2 percent year-over-year in July, slower than the 2.8 percent boost in June. The measure has been rising because December 2016.

Omitting the energy grouping, the index increased 1.2 percent annually in July, following a 1.3 percent gain in the previous month.

Month-on-month, producer prices fell 0.3 percent from June, when it edged down by 0.1 percent.

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

Jonathon Alexander

Italy Current Account Surplus Grows In June

By | August 18, 2017

Italy’s bank account surplus increased in June from a year back, information from the Bank of Italy showed Friday.

The bank account surplus climbed to EUR 5.26 billion in June from EUR 4.04 billion in the matching month last year.

The surplus on trade in goods fell to EUR 5.21 billion in June from EUR 5.38 billion in the same month of 2016. Services surplus diminished to EUR 551 million from EUR 661 million.

At the very same time, primary income balance relied on a surplus of EUR 475 million in June from a deficit of EUR 1.12 billion last year. The unfavorable balance in secondary earnings expanded to EUR 981 million from EUR 889 million.

The capital account deficit increased especially from EUR 42 million to EUR 208 million. In contrast, the financial account balance can be found in at a surplus of EUR 5.5 billion versus a shortfall of EUR 5.54 billion.

In the twelve months ending in June, the bank account balance surplus totaled up to EUR 45.9 billion, comparable to 2.7 percent of GDP, compared with 36.7 billion in the twelve months ending in June 2016.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for August 18, 2017 888011000 110888 Regular monthly Outlook In January2015, the EUR/USD set moved listed below the major demand levels near 1.2100(several previous bottoms embeded 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 regular monthly need level around 1.0500, which had actually been formerly reached in August 1997. In the longer term, the level of 0.9450 remains a predicted target if any month-to-month candlestick achieves bearish closure below the illustrated month-to-month need level of 1.0500. The EUR/USD pair was trapped within the illustrated combination range(1.0500-1.1450)up until the current bullish breakout was executed above 1.1450. The existing bullish breakout above 1.1450 enables a fast bullish advance to 1.1850 and 1.2000-1.2100 where cost action must be watched for apparent bearish rejection and a legitimate OFFER Entry. Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was developed around 1.0500. Since then, obvious bullish momentum has actually been revealed on the chart.As anticipated, the ongoing bullish momentum enabled the EUR/USD set to pursue further bullish advancetowards 1.1415-1.1520( Previous Daily Supply-Zone). The daily supply zone failed to pause the continuous bullish momentum. Rather, an obvious bullish breakout is being witnessed on the chart. The nearby supply level to satisfy the pair is located around 1.2080(Level of previous numerous bottoms) where bearish rejection can be anticipated.However, a current bearish pressure was revealed around lower cost levels (1.1880) which handled to initiate the present bearish restorative movement.On the other hand,the price zone of 1.1415-1.1520 stands as a prominent DEMAND zone to be watched for a valid BUY entry during the current bearish pullback.The material has been provided by InstaForex Company -www.instaforex.com

By | August 18, 2017

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Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 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 was 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 allows a quick bullish advance towards 1.1850 and 1.2000-1.2100 where price action should be watched for evident bearish rejection and a valid SELL Entry.

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Daily Outlook

In January 2017, the previous downtrend reversed when the 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, an evident bullish breakout is being witnessed on the chart. The nearest supply level to meet the pair is located around 1.2080 (Level of previous multiple bottoms) where bearish rejection can be anticipated.

However, a recent bearish pressure was expressed around lower price levels (1.1880) which managed to initiate the current bearish corrective movement.

On the other hand, the price zone of 1.1415-1.1520 stands as a prominent DEMAND zone to be watched for a valid BUY entry during the current bearish pullback.

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading suggestions for August 18, 2017 888011000 110888 Daily Outlook In February 2017, the illustrated short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380). A recent bullish breakout above the sag line took place on May 22. Sincethen, the market has been bullish as depicted on the chart.The price zone of 0.7150-0.7230(Key-Zone)stood as a momentary resistance zone tilla bullish breakout was revealed above 0.7230. This led to a quick bullish advance towards the next supply zone around 0.7310-0.7380 which was briefly breached to the upside.The recent bearish pullback was executed towards the cost zone of 0.7310-0.7380 (newly-established demand-zone)which cannot provide enough bullish assistance for the NZD/USD pair.Re-consolidation below the cost level of 0.7300 boosts the bearishside of the marketplace. This brings the EUR/USD set again towards 0.7230-0.7150(Key-Zone )where current bullish recovery is being manifested.Currently, the NZD/USD pair stays trapped between the rate levels of 0.7240 and 0.7320 till a breakout happens in either direction.The product has actually been provided by InstaForex Business-www.instaforex.com

By | August 18, 2017

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Daily Outlook

In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380).

However, 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.

The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 which was temporarily breached to the upside.

The 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 enhances the bearish side of the market. This brings the EUR/USD pair again towards 0.7230-0.7150 (Key-Zone) where recent bullish recovery is being manifested.

Currently, the NZD/USD pair remains trapped between the price levels of 0.7240 and 0.7320 until a breakout occurs in either direction.

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

Jonathon Alexander

Global macro overview for 18/08/2017

By | August 18, 2017

Global macro overview for 18/08/2017: Increasing danger aversion is again ending up being a leading reason behind the current monetary markets behavior. The favorable result season in the United States has encouraged the extension of the indexes to a historical high, but there are now no new reasons to purchase stocks at the current levels. With so strong buyouts and many assessments, the absence of information is no longer great info. The global financiers are confronted with the possibility of minimizing the balance sheet overall by the Fed, which over time will consist of the absorption of enormous liquidity excess in the banking sector. Additionally, next week the US and South Korean will sign up with for military maneuvers that have been performed in North Korea in the past, which increases and geopolitical uncertainty. Finally, the reports that Gary Cohn, the head of economic affairs in Donald Trump’s administration, will resign. Such a choice would even more reduce the probability of tax reform and the implementation of the stimulus package. The rumor was rapidly rejected, but it was not going to stop the decrease in the US stocks yesterday, which also reveals the strength of the supply side on Wall Street. This week close in the United States markets might be extremely important for both bulls and bears.Let’s now take a look at the SPY technical photo (SP500 ETF) at the H1 timespan. The golden pattern line dynamic resistance was strong enough to push the rates lower to the unfilled space between the levels of 244.65 – 245.54. Presently, there is only one gap delegated fill, between the levels of 242.78 – 243.31 and this gap will function as an extremely important assistance zone for both bears and bulls.

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

Jonathon Alexander

Trading strategy 08/18/2017

By | August 18, 2017

Total image: ECB and market reaction.The centerpieces are concentrated on the United States market, which revealed a sharp decrease to -1.2

-1.5%on the indices. Currency market: The ECB stimulate the rate of EURUSD.The publication of the ECB’s procedures exposed that the central bank is

seriously concerned about the development of the euro

. In factor to consider of the marketplace response, the euro fell dramatically and broke through the 1.1680 level and reached 1.1660. Plan for EURUSD:

We prepare the purchase with a breakout to the top of 1.1790, however with a break below 1.1660 as we sell.The main event

is set up next week, which is the meeting of the leaders of Central Bank in Jackson-Hole, it is anticipated for coordinated strategies to remove excess liquidity from the markets.The product

has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

Trading prepare for 18/08/2017

By | August 18, 2017

Trading prepare for 18/08/2017: The US Dollar is losing versus all major currencies. The strongest are GBP, JPY, and SEK. The international financiers are shocked after the other day’s attacks in Barcelona: Gold lost 0.1%, Silver is down 0.35%. On the Asian stock exchange sentiment is still negative: Nikkei drops -1.2%, Hang Seng -0.55%, Shanghai Composite gains + 0.1 %. In the United States Nasdaq 100 falls -2.05 %,

the S&P 500 -1.54 % and the Dow Jones -1.24 %. On Friday 18th of August, the event calendar is busy in a crucial news release just during the United States session. During this session, Canada will release Customer Cost Index information and the United States will release Initial UoM Consumer Belief and Baker Hughes U.S. Rig Count data. At the end of the trading day, there is a scheduled speech by FOMC member Robert Kaplan.EUR/ USD analysis for 18/08/2017:

The Preliminary UoM Consumer Sentiment Indicator data are arranged for release at 02:00 pm GMT and the mid-August belief index is anticipated to climb to 94.5 from 93.4 at the end of July. The consumer sentiment index fell in June and July but still remained at relatively elevated levels. The quick succumb to 2 months, in spite of the still-improving US labor market and stock exchange trading near all-time-highs, most likely mirrors political concerns, both on the domestic and the worldwide level. The political divisions are still substantial, however the sentiment divergence appears to be decreasing. While supporters of the Democratic celebration still hold a really negative economic outlook, fans of the Republican celebration have rather moderated their optimistic outlook. None of the reforms assured during the Trump’s governmental project (tax reform, Obamacare reform) have been finished and introduced to the United States society. This event will certainly weight soon on the general sentiment levels in the United States, even amongst the Trump advocates. In the outcome, the weakening in the belief level will straight affect the United States Dollar, pressing it to even lower levels than it is now.Let’s now have a look at the EUR/USD technical photo at the H4 timespan. The marketplace is gradually moving lower to the crucial technical assistance at the level of 1.1614, but the whole relocation looks like a part of the bullish flag pattern. The momentum is still too weak to move above its fifty level, but when it does prior to the support is violated, then the swing high at the level of 1.1908 will likely to be evaluated again (and potentially broken).

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Market Picture: Gold simply listed below the essential resistance After the terrorist attack in Barcelona, the cost of Gold is climbing higher towards the crucial technical resistance at the level of $1297. The next technical resistance is seen at the level of $1308 if this level if breached. The increasing momentum is supporting the bullish view.

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Market Picture: USD/JPY close to the

support The cost of USD/JPY reversed from the technical resistance at the level of 111.04 and now is getting close to the technical assistance at the level of 108.79. The momentum points down and the stochastic oscillator is still negative, so it is likely this support will be tested and broken. The next technical support is seen at the level of 108.47.

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for August 18, 2017 888011000 110888 < imgwidth =”450 “src= “http://qkfx.com/wp-content/uploads/2017/08/elliott-wave-analysis-of-eurnzd-for-august-18-2017.png “alt =”analytics5996656896699.png”/ > Wave summary: If a clear break above 1.6236 is not seen quickly, we will likely see a deeper correction closer to 1.5928 before the next spontaneous rally greater. Onlya clear break above 1.6236 validatesthe next leg greater towards 1.6969 with small resistance seen at 1.6349 and 1.661.6636 en route up. R3: 1.6349 R2: 1.6236 R1: 1.6125 Pivot: 1.6100 S1: 1.6050 S2: 1.6000 S3: 1.5928 Trading recommendation: Our stop at 1.6050 has actually been pinched hit a great 540 pips profit. We will buy EUR once again at 1.5950 or upon a break above 1.6236. The product has actually been offered by InstaForex Business-www.instaforex.com

By | August 18, 2017

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Wave summary:

If a clear break above 1.6236 is not seen soon, we will likely see a deeper correction closer to 1.5928 before the next impulsive rally higher. Only a clear break above 1.6236 confirms the next leg higher towards 1.6969 with minor resistance seen at 1.6349 and 1.661.6636 on the way up.

R3: 1.6349

R2: 1.6236

R1: 1.6125

Pivot: 1.6100

S1: 1.6050

S2: 1.6000

S3: 1.5928

Trading recommendation:

Our stop at 1.6050 has been hit for a nice 540 pips profit. We will buy EUR again at 1.5950 or upon a break above 1.6236.

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

Jonathon Alexander

Elliott wave analysis of EUR/JPY for August 18, 2017 888011000 110888 Wave summary: The break listed below assistance at 128.89 told us the restorative decline in wave X was not complete and more disadvantage closer to 127.19 and perhaps even closer to 125.08 might be seen. Continue to look lower as long as small resistance at 129.16 has the ability to top the advantage. If, nevertheless, a break above 129.16 is seen that will be the very firstindicationthat the X-wave is complete, while abreak above130.40 validatesthat for thelast rally greater to137.36. R3: 130.40 R2: 129.50 R1: 129.19 Pivot: 128,50 S1: 127.96 S2: 127.50 S3: 127.19 Trading recommendation: We sold EUR at 128.89 our stop is now put at 129.25 and take revenue at 127.25. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | August 18, 2017

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Wave summary:

The break below support at 128.89 told us the corrective decline in wave X was not complete and more downside closer to 127.19 and maybe even closer to 125.08 could be seen. Continue to look lower as long as minor resistance at 129.16 is able to cap the upside. If, however, a break above 129.16 is seen that will be the first indication that the X-wave is complete, while a break above 130.40 confirms that for the final rally higher towards 137.36.

R3: 130.40

R2: 129.50

R1: 129.19

Pivot: 128,50

S1: 127.96

S2: 127.50

S3: 127.19

Trading recommendation:

We sold EUR at 128.89 our stop is now placed at 129.25 and take profit at 127.25.

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

Jonathon Alexander