Daily analysis of USD/JPY for March 28, 2017 888011000 110888 Summary The USD/JPY set supplied some favorable trading yesterday to retest the previously broken 110.85 level and bounces lower from there. That supports the opportunities for resuming the bearish trend in the upcoming sessions. Notice that stochastic loses its positive momentum clearly to reach the overbought levels. At the exact same time the unfavorable effect of the double leading pattern stays valid. These factors support the extension of the main bearish trend and its next main target is situated at 109.00. Know that breaching 111.62 level will stop the present unfavorable pressure and pushes the rate to test 112.45 level before any new attempt to decline. The expected trading variety for today is in between 109.50 assistance and 111.20 resistance. The material has actually been supplied by InstaForex Business- www.instaforex.com

By | March 28, 2017

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Overview

The USD/JPY pair provided some positive trading yesterday to retest the previously broken 110.85 level and bounces lower from there. That supports the chances for resuming the bearish trend in the upcoming sessions. Notice that stochastic loses its positive momentum clearly to reach the overbought levels. At the same time the negative effect of the double top pattern remains valid. Therefore, these factors support the continuation of the main bearish trend and its next main target is located at 109.00. Be aware that breaching 111.62 level will stop the current negative pressure and pushes the price to test 112.45 level before any new attempt to decline. The expected trading range for today is between 109.50 support and 111.20 resistance.

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

Jonathon Alexander

USD/JPY basic analysis for March 28, 2017 888011000 110888 USD/JPY has actually been through long-lasting non-volatile bearish structure considering that the bounce off 114.50 resistance location and the bias is still stated to be continuing downwards. Today USD had CB Customer Self-confidence report which was published at 125.6. It was anticipated to be at 113.9. At the exact same time Item Trade Balance was also positive at -64.8 B which was expected to be at -66.6 B and the Richmond Production Index was also positive at 22 which was anticipated to be at 16. Having a number of positive reports today, USD failed to control JPY whereas JPY did not have any essential financial occasion to press the currency versus USD. An upcoming occasion for USD is FOMC Member Kaplan’s speech today which is anticipated to offer some volatility in the market but JPY seems to gain more regardless of any USD economic events.Now let us take a look atthe technical view, the cost is just above the crucial level of 110.10-00 area and stalling above it. We are anticipating a long down run to 105.50 assistance level without any restorative barriers if any daily close below 110.00 is observed. On the other hand, if the rate manages to push up above 111.50 with a day-to-day close we will alter our bearish predisposition to bullish and target 114.50 as the upward resistance target. The material has been offered by InstaForex Company-www.instaforex.com

By | March 28, 2017

USD/JPY has been through long-term non-volatile bearish structure since the bounce off 114.50 resistance area and the bias is still said to be continuing downwards. Today USD had CB Consumer Confidence report which was published at 125.6. It was expected to be at 113.9. At the same time Goods Trade Balance was also positive at -64.8B which was expected to be at -66.6B and the Richmond Manufacturing Index was also positive at 22 which was expected to be at 16. Having several positive reports today, USD failed to dominate JPY whereas JPY did not have any crucial economic event to push the currency against USD. An upcoming event for USD is FOMC Member Kaplan’s speech today which is expected to provide some volatility in the market but JPY seems to gain more despite any USD economic events.

Now let us look at the technical view, the price is just above the key level of 110.10-00 area and stalling above it. If any daily close below 110.00 is observed, then we are expecting a long downward run towards 105.50 support level without any corrective barriers. On the other hand, if the price manages to push up above 111.50 with a daily close we will change our bearish bias to bullish and target 114.50 as the upward resistance target.

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

Jonathon Alexander

Technical analysis of NZD/USD for March 28, 2017 888011000 110888 Summary: The NZD/USD pair is still walking around the area of 0.7075. Due to the fact that it represents the weekly resistance 1, the pair has already formed minor resistance at 0.7004 and the strong resistance is seen at the level of 0.7075. Major resistance is seen at 0.7004, while instant support is discovered at 0.6889. If the pair closes below the cost of 0.6889, the NZD/USD pair might resume its motion to 0.6850 to test the everyday support 2. The NZD/USD set is anticipated to trade in between the levels of 0.7004 and 0.6850. The RSI is still calling for a strong bearish market. The present price is also listed below the moving average 100. As an outcome, offer trades are suggested listed below the double top of 0.7004 with targets at 0.6869 and 0.6850. On the other hand, stop loss must always be taken into account; accordingly, it will work to set the stop loss above the last bullish waveat the level of 0.7075. Besides, the pair will most likely decrease because the downward trend is still strong.The material has actually been provided by InstaForex Company-www.instaforex.com

By | March 28, 2017

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Overview:

  • The NZD/USD pair is still moving around the spot of 0.7075. The pair has already formed minor resistance at 0.7004 and the strong resistance is seen at the level of 0.7075 because it represents the weekly resistance 1. So, major resistance is seen at 0.7004, while immediate support is found at 0.6889. If the pair closes below the price of 0.6889, the NZD/USD pair may resume its movement to 0.6850 to test the daily support 2.
  • The NZD/USD pair is expected to trade between the levels of 0.7004 and 0.6850. The RSI is still calling for a strong bearish market. The current price is also below the moving average 100. As a result, sell trades are recommended below the double top of 0.7004 with targets at 0.6869 and 0.6850. On the other hand, stop loss should always be taken into account; accordingly, it will be useful to set the stop loss above the last bullish wave at the level of 0.7075. Besides, the pair will probably decline because the downward trend is still strong.

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

Jonathon Alexander

Global macro summary for 28/03/2018

By | March 28, 2017

Worldwide macro overview for 28/03/2018: Despite thousands of protesters in the UK marched against Brexit on March 25, Prime Minister Theresa May will activate Post 50 of the Lisbon treaty on Wednesday, March 29. This will be the starting point of the 2-year Brexit negotiation process with the European Union. The guidelines on the UK’s exit from the EU will be discussed at the next Eurozone top on April 29. Currently, there are three possible circumstances for the settlements: soft Brexit, difficult Brexit or no offer. Most likely, the European Union is not thinking about making the exit procedure simple for the British individuals, as the EU authorities are most likely to make a scapegoat from the UK, thus preventing other members of the union from thinking about leaving the EU. The list of present problems to be worked out with the EU is rather long: the brand-new post-Brexit trade agreement, tariffs, transport, monetary services, fishing waters, and decreasing the number of EU immigrants going into the UK. In conclusion, the pressure on the British pound might intensify in the coming days. Volatility might increase as the settlement will start.Let’s now take a look at the GBP/USD technical image on the H4 time frame. Bulls have actually managed to bounce from the techical support at 1.2532, and currently the price is heading towards the next resistance at 1.2615. The most crucial resistance is still the gray rectangle zone. The overbought market conditions and growing bearish divergence might avoid the cost to break out higher for now.

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

Jonathon Alexander

Trading prepare for 28/03/2017

By | March 28, 2017

Trading plan for 28/03/2017: Tuesday brings a stabilization of sell the forex market, which indicates keeping the USD weak point from yesterday. The stock exchange is recovering after Monday’s falls as pulling indices on Wall Street on Monday functioned as an incentive to buy shares in Asia. Japanese Nikkei is up 1%, Hang Seng gets 0.6%. In a similar way, gold is decreasing a little and gains oil.On Tuesday 28th of March, the American session may be rather busy and the international investors will keep an eye on CB Customer Confidence data from the United States and various speeches made by the FED policy members like Chairperson Janet Yellen, Esther George, Jerome Powell, and Robert Kaplan.EUR/ USD analysis for 28/03/2017:

The primary effect on the marketplace habits today may have the CB Customer Self-confidence information release at 02:00 pm GMT today. CB Customer Confidence is based on a regular monthly study of about 5,000 United States families concerning their viewpoint of the economy. For this month the index is anticipated to decline a little from 114.8 indicate 113.9 points. A higher reading than the market projection is bullish for the US Dollar, so any information higher than 114.0 will make United States Dollar to rally.Let’s now have a look at the EUR/USD technical picture at the H4 amount of time. The Dark Cloud Cover candlestick formation after the rally from the level of 1.0493 suggests the correction is about to begin or it had actually started currently. In a case of better than expected numbers from CB Consumer Self-confidence data, the market might extend the decline towards the gray rectangle location and break out listed below it. Because case, the next technical support for this pair might be seen at the level of 1.0756. Moreover, any hawkish remarks from any of the FED policy members, particularly Janet Yellen, will make this drop even faster and stronger.

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Market picture: Gold has actually hit the resistance The gray rectangular shape resistance zone had been hit by gold and the Doij candle light at the top of the rally was verified as a reversal candle light. Currently, the cost is trading at the level of $1,253, however the next important assistance can be seen at the level of $1,240, so there is still a possible to decrease. The overbought market conditions and growing bearish divergence support the view.

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Market picture: Crude Oil quadruple bottom in play

The technical support at the level of 47.09 had actually prevented three times currently the cost to collapse and it looks like the bull camp starts to be in control of this market, a minimum of for a while. The next target is the technical resistance at the level of 49.22 if the bulls will manage to break out above the intraday resistance at the level of 48.48. Favorable bullish divergence between the momentum and the cost sign supports this view.

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

Jonathon Alexander

Fxwirepro: the Day ahead 28th March 2017 888011000 110888 Very few economic dockets and occasions scheduled for today and all with low to medium volatility threats associated. Upcoming: France: Customer costs report for February will be launched at 6:45 GMT. Italy: Industrial orders and sales report will be released at 9:00 GMT. United States: Wholesale stocks report for February will be launched at 12:30 GMT, along with Goods trade balance for the month and followed by S&P/ Case-Shiller house cost report at 13:00 GMT. Consumer confidence for March will be reported at 14:00 GMT. Richmond Fed producing index for February will be reported at 14:00 GMT. Fed’& rsquo; s George is set up to speak at 16:45 GMT, Yellen at 16:50 GMT, Kaplan at 17:00 GMT, and Powell at 20:30 GMT. Canada: BoC governor Poloz is arranged to speak at 14:00 GMT. Japan: Retail trade report for February will be released at 23:50 GMT. Auction: U.S. will auction 1-month and 12-month costs at 16:30 GMT and 5-year note at 18:00 GMT. The product has actually been supplied by InstaForex Company – www.instaforex.com

By | March 28, 2017

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.

Upcoming:

  • France: Consumer spending report for February will be released at 6:45 GMT.  
  • Italy: Industrial sales and orders report will be released at 9:00 GMT.  
  • United States: Wholesale inventories report for February will be released at 12:30 GMT, along with Goods trade balance for the month and followed by S&P/Case-Shiller house price report at 13:00 GMT. Consumer confidence for March will be reported at 14:00 GMT. Richmond Fed manufacturing index for February will be reported at 14:00 GMT. Fed’s George is scheduled to speak at 16:45 GMT, Yellen at 16:50 GMT, Kaplan at 17:00 GMT, and Powell at 20:30 GMT.  
  • Canada: BoC governor Poloz is scheduled to speak at 14:00 GMT.  
  • Japan: Retail trade report for February will be released at 23:50 GMT.  
  • Auction: U.S. will auction 1-month and 12-month bills at 16:30 GMT and 5-year note at 18:00 GMT.  

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

Jonathon Alexander

Fxwirepro: Usd/inr Remains Well supported Above 65.00 Mark, Consistent Close Below Targets 64.68

By | March 28, 2017
  • USD/INR is currently trading around 65.05 marks.
  • It made intraday high at 65.09 and low at 65.01 marks.
  • Intraday bias stays neutral till the time pair holds essential support at 65.01 marks.
  • Secret resistances are seen at 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
  • On the other side, initial assistances are seen at 65.01, 64.87, 64.68 and 64.34 marks respectively.
  • In addition, India’& rsquo; s NSE Nifty was trading around 0.54 percent greater at 9,094.20 points and BSE Sensex was trading at 0.51 percent higher at 29,387.56 points.

We choose to take short position in USD/INR just below 65.01, stop loss 65.34 and target of 64.68.

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

Jonathon Alexander