USD/JPY analysis for September 08, 2017 888011000 110888 Just recently, the USD/JPY set has actually been trading downwards. The rate evaluated the level of 107.40. Inning accordance with the 30M amount of time. I found no demand bars which sellers remain in control. I put Fibonacci growth to discover prospective down target. I got Fibonacci growth 161.8%at the cost of 106.60. Myguidance is towatch for offering chances withthe targets at 106.60 and 106.00. Resistance levels: R1: 109.15 R2: 109.80 R3: 110.35 Assistance levels: S1: 107.90 S2:107.40 S3: 106.70 Trading suggestions for today: expect possible selling opportunities.The product has been offered by InstaForex Company-www.instaforex.com

By | September 8, 2017

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Recently, the USD/JPY pair has been trading downwards. The price tested the level of 107.40. According to the 30M time frame. I found no demand bars and that sellers are in control. I placed Fibonacci expansion to find potential downward target. I got Fibonacci expansion 161.8% at the price of 106.60. My advice is to watch for selling opportunities with the targets at 106.60 and 106.00.

Resistance levels:

R1: 109.15

R2: 109.80

R3: 110.35

Support levels:

S1: 107.90

S2: 107.40

S3: 106.70

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 recommendations for September 8, 2017 888011000 110888 Daily Outlook In February 2017, the depicted short-term downtrend was started around the portrayed supply zone (0.7310-0.7380). A recent bullish breakout above the drop line took place on May 22. Becausethen, the market has been bullish as illustrated on the chart.The rate zone of 0.7150-0.7230(Key-Zone)stood as a short-lived resistance zone untila bullish breakout was expressed above 0.7230. This led to a quick bullish advance towards the next supply zone around 0.7310-0.7380 which was momentarily breached to the upside.Recent bearish pullback was executed towards the cost zone of 0.7310-0.7380(newly-established demand-zone) which failed to use sufficient bullish support for the NZD/USD pair.Re-consolidation below the cost level of 0.7300 boosts the bearish side of the market. This brings the NZD/USDset again to 0.7230-0.7150 (Key-Zone) where current weak bullish recovery was manifested earlier in September.An atypical Head and Shoulders pattern is being revealed on the portrayed chart suggesting high possibility of bearish turnaround. The present cost levels of 0.7320-0.7350 can be expected a valid OFFER entry if sufficient bearish rejection is expressed.Breakdown of the neckline 0.7150 validates the turnaround pattern. Expected bearish targets are located around 0.7050, 0.6925 and eventually 0.6800. The product has been offered by InstaForex Company-www.instaforex.com

By | September 8, 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.

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 NZD/USD pair again towards 0.7230-0.7150 (Key-Zone) where recent weak bullish recovery was manifested earlier in September.

An atypical Head and Shoulders pattern is being expressed on the depicted chart indicating high probability of bearish reversal.

The current price levels of 0.7320-0.7350 can be watched for a valid SELL entry if enough bearish rejection is expressed.

Breakdown of the neckline 0.7150 confirms the reversal pattern. Expected bearish targets are located around 0.7050, 0.6925 and eventually 0.6800.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for September 8, 2017 888011000 110888 Regular monthly Outlook In January 2015, the EUR/USD pair moved listed below the significant need levels near 1.2050-1.2100(multiple previous bottoms set in July 2012 and June 2010). Hence, a long-lasting bearish target was projected towards 0.9450. In March 2015, EUR/USD bears challenged the regular monthly need level around 1.0500, which had been formerly reached in August 1997. In thelonger term, the level of 0.9450 remains a projected target if any regular monthly candlestick accomplishes bearish closure listed below the portrayed month-to-month need level of 1.0500. Nevertheless, the EUR/USD pair has been trapped within the illustrated combination range(1.0500-1.1450)until the current bullish breakout was performed above 1.1450. The present bullish breakout above 1.1450 permits a fast bullish advance to 1.2100 where rate action ought to be looked for obvious bearish rejection and a legitimate SELL Entry. Daily Outlook In January 2017, the previous drop reversed when the Head and Shoulders pattern was developed around 1.0500. Since then, obvious bullish momentum has actually been expressed on the chart.As anticipated, the ongoing bullish momentum enabled the EUR/USD pair to pursue more bullish advancetowards 1.1415-1.1520( Previous Daily Supply-Zone). The day-to-day supply zone failed to stop briefly the continuous bullish momentum. Rather, apparent bullish breakout is being seen on the chart. The next Supply level to meet the pair is located around 1.2100(Level of previous numerous bottoms )where bearish rejection and a valid OFFER entry can be anticipated.On the other hand, If bearish pullback continues below 1.1800 and 1.1700, the price zone of 1.1415-1.1520 can be looked for a valid BUY entry The material has been supplied by InstaForex Business – www.instaforex.com

By | September 8, 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 allows a quick bullish advance towards 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, evident bullish breakout is being witnessed on the chart. The next Supply level to meet the pair is located around 1.2100 (Level of previous multiple bottoms) where bearish rejection and a valid SELL entry can be anticipated.

On the other hand, If bearish pullback persists below 1.1800 and 1.1700, the price zone of 1.1415-1.1520 can be watched for a valid BUY entry

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

Jonathon Alexander

EUR/USD analysis for September 08, 2017 888011000 110888 Just recently, the EUR/USD pair has actually been trading upwards. The cost tested the level of 1.2092. Inning accordance with the 30M amount of time. I found a successful test of supply in a low volume, which is a sign that offering looks dangerous and that buyers are in control. I placed Fibonacci expansion from recent swings to discover potential uwpard targets. I got Fibonacci growth 61.8%at the price of1.2100, FE 100%at the cost of 1.12140and FE 161.8%atthe cost of 1.2200. Expect prospective buying opportunities.Resistance levels: R1: 1.2085 R2: 1.2140 R3: 1.2230 Assistance levels: S1: 1.1930 S2: 1.1850 S3: 1.1790 Trading suggestions for today: watch for possible buying opportunities.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | September 8, 2017

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.2092. According to the 30M time frame. I found a successful test of supply in a low volume, which is a sign that selling looks risky and that buyers are in control. I placed Fibonacci expansion from recent swings to find potential uwpard targets. I got Fibonacci expansion 61.8% at the price of 1.2100, FE 100% at the price of 1.12140 and FE 161.8% at the price of 1.2200. Watch for potential buying opportunities.

Resistance levels:

R1: 1.2085

R2: 1.2140

R3: 1.2230

Support levels:

S1: 1.1930

S2: 1.1850

S3: 1.1790

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

Bitcoin analysis for September 08, 2017 888011000 110888 The Bitcoin (BTC )is trading sideways at the cost of $4.617 driven on the news that several Chinese cryptocurrency exchanges have delisted markets in a quote to adhere to China’s current clarifications on the legality of ICOs. Yunbi, Dahonguo, and Yuanbao have actually issued declarations attending to the reserve bank’s new regulations, moving to delist markets that facilitate the tradeof tokens provided by means of preliminary coin offering. Technical photo is showing that there is weak point in the backround.Trading recommendations: Inning accordance with the 1H time frame, I discovered a broken rising wedge in the background, which suggests weak point. The cost is testing the space zone from Monday and space zone acting like resistance at this point.There is also a hidden bearish divergence on the moving average oscilator. My suggestions is to watch for potential selling opportunties. The downward targets are set at the price of$4.460,$4.351 and$4.000. Support/Resistance$4.680– Gap resistance$4.920– Major price action resistance$4.460– Intraday assistance$4.351– Intraday support$4000– Projected pattern target(support)The product has actually been offered by InstaForex Business- www.instaforex.com

By | September 8, 2017

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The Bitcoin (BTC) is trading sideways at the price of $4.617 driven on the news that several Chinese cryptocurrency exchanges have delisted markets in a bid to comply with China’s recent clarifications on the legality of ICOs. Yunbi, Dahonguo, and Yuanbao have issued statements addressing the central bank’s new regulations, moving to delist markets that facilitate the trade of tokens issued via initial coin offering. Technical picture is showing that there is weakness in the backround.

Trading recommendations:

According to the 1H time frame, I found a broken rising wedge in the background, which is a sign of weakness. The price is testing the gap zone from Monday and gap zone acting like resistance at this point.There is also a hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunties. The downward targets are set at the price of $4.460, $4.351 and $4.000.

Support/Resistance

$4.680 – Gap resistance

$4.920 – Major price action resistance

$4.460 – Intraday support

$4.351 – Intraday support

$4000 – Projected pattern target (support)

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

Jonathon Alexander

BITCOIN Analysis for September 8, 2017 888011000 110888 Bitcoin has actually been quite restorative in nature just recently showing steady gains against other conventional monetary instruments. The strength of the spontaneous bullish pressure has actually relieved in Bitcoin as it responded for the whole month of August which does signal the uniformity the instrument is getting along the procedure. Though Bitcoin is a decentralized currency, global financial impacts affect the supply and need for the Bitcoin. As the weekend is near the corner and there is low volatility in the market till now, the price is expected to have steady development in the coming week. The price has actually just recently broken above the Kumo Cloud on 4-hourly chart having the dynamic level of 20 EMA and Tenkan Sen as assistance. As the cost remains above the support area of $3,917.20 – $4,386.80, the bullish predisposition is anticipated to continue further with a recent target to $4,500 and later on at $5,000. The Bitcoin market has started to get developed now. So the cryptocurrency is expected to follow the marketplace context from now in the mpulsive manner following the Restorative structure and having correct wave retracements along the method. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | September 8, 2017

Bitcoin has been quite corrective in nature recently showing steady gains against other conventional financial instruments. The strength of the impulsive bullish pressure has eased in Bitcoin as it reacted for the whole month of August which does signal the uniformity the instrument is getting along the process. Though Bitcoin is a decentralized currency, global economic impacts influence the supply and demand for the Bitcoin. As the weekend is near the corner and there is low volatility in the market till now, the price is expected to have steady growth in the coming week. The price has recently broken above the Kumo Cloud on 4-hourly chart having the dynamic level of 20 EMA and Tenkan Sen as support. As the price remains above the support area of $3,917.20 – $4,386.80, the bullish bias is expected to continue further with a recent target towards $4,500 and later at $5,000. The Bitcoin market has started to get matured now. So the cryptocurrency is expected to follow the market context from now in the mpulsive manner following the Corrective structure and having proper wave retracements along the way.

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

Jonathon Alexander

International macro overview for 08/09/2017

By | September 8, 2017

International macro summary for 08/09/2017: The UK Industrial Production data did not surprise the market participants. On regular monthly basis, the Industrial Production decreased from 0.5% to 0.2%, in line with expectations. On a yearly basis, nevertheless, the Industrial Production increased from 0.3% to 0.4%. The Manufacturing Production information were even much better, as they number revealed a 0.5% increase in producing output on a monthly basis.

Behind the increase was primarily a sharp increase in cars and truck production (13.7%), which was the fastest increase recorded in official data on the car market considering that March 2009. Inning accordance with the Workplace for National Data (ONS): “Manufacturing stays relatively controlled given that the start of the year, though July revealed the first considerable month-to-month growth of 2017, with automobile production increasing partly thanks to brand-new models rolling off the assembly line.”The other sectors responsible for the rise was mining and quarrying, while the entire manufacturing sector is benefiting from weaker British Pound rates (particularly exporters). In general the data offered some type of relief over the production and industrial production sectors performance as the main information were just recently showing the sector dealing with another recession despite the weakened Pound.

Let’s now take a look at the GBP/USD technical photo at the H4 amount of time. The bulls have managed to retrace nearly 78% of the previous swing down and currently, the cost is trading at the level of 1.3162. If this level is clearly violated, then the next technical resistance is at the level of 1.3190 and after that just swing high at the level of 1.3267 remains. Please discover the growing bearish divergence in between the rate and momentum indicator.

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

Jonathon Alexander

Fundamental Analysis of EUR/CAD for September 8, 2017 888011000 110888 EUR/CAD is currently living in bearish predisposition of the market whereas the bears were rather impulsive with the gains after bouncing off the 1.50 resistance location. CAD is currently quite strong in nature in light of the current rate walking and upbeat economic reports being released. On the other hand, EUR is having a hard time to make some gains with its mixed economic reports. Today, German Trade Balance report was released with an even worse figure at 19.5 B from the previous figure of 21.2 B which was anticipated to be at 20.3 B, French Government Spending plan Balance showed a broader deficit at -83.8 B from the previous figure of -62.3 B, and French Industrial Production report was just published with a better value at 0.5% as anticipated from the previous value of -1.1%. On the CAD side, today Work Change report is expected to be released with a much better figure at 17.8 k from the previous figure of 10.9 k and Joblessness Rate is anticipated to be unchanged at 6.3%. Canada’s financial reports which are going to be released today are expected to have a high impact in the market creating a great amount of volatility and boost gains on CAD against EUR today. If Canada’s reports are released with anticipated values, then we might see more supremacy of CAD versus EUR in the future taking the cost to the annual low of 1.3770 area.Now let ustake a look at the technical chart. The rate is currently showing some bullish move after being impulsively bearish after bouncing off the 1.50 resistance location. Currently the cost is expected to show more bearish pressure in the market as the price remains listed below the vibrant level of 20 EMA and the nearby horizontal resistance of 1.4730 with a target to the recent support level of 1.4290. The material has been supplied by InstaForex Business-www.instaforex.com

By | September 8, 2017

EUR/CAD is currently residing in bearish bias of the market whereas the bears were quite impulsive with the gains after bouncing off the 1.50 resistance area. CAD is currently quite strong in nature in light of the recent rate hike and upbeat economic reports being published. On the other hand, EUR is struggling to make some gains with its mixed economic reports. Today, German Trade Balance report was published with a worse figure at 19.5B from the previous figure of 21.2B which was expected to be at 20.3B, French Government Budget Balance showed a wider deficit at -83.8B from the previous figure of -62.3B, and French Industrial Production report was only published with a better value at 0.5% as expected from the previous value of -1.1%. On the CAD side, today Employment Change report is expected to be published with a better figure at 17.8k from the previous figure of 10.9k and Unemployment Rate is expected to be unchanged at 6.3%. Canada’s economic reports which are going to be published today are expected to have a high impact in the market creating a good amount of volatility and increase gains on CAD against EUR today. If Canada’s reports are published with expected values, then we might see more dominance of CAD against EUR in the future taking the price towards the yearly low of 1.3770 area.

Now let us look at the technical chart. The price is currently showing some bullish move after being impulsively bearish after bouncing off the 1.50 resistance area. Currently the price is expected to show more bearish pressure in the market as the price remains below the dynamic level of 20 EMA and the nearest horizontal resistance of 1.4730 with a target towards the recent support level of 1.4290.

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

Jonathon Alexander

Technical analysis of USD/CHF for September 08, 2017 888011000 110888 Overview: The USD/CHF set continues to move down from the level of 0.9520. Yesterday, the pair dropped from the level of 0.9520 (this level of 0.9520 accompanies the double top)to the bottom around 0.9422. The rate rebounded from the rate of 0.9422 to set around the spot of 0.9483. Today, the very first resistance level is seen at 0.9520 followed by 0.9551, while daily assistance 1 is found at 0.9453. Likewise, the level of 0.9483 represents a weekly pivot point for that it is serving as major resistance/support this week. Amidst the previous events, the pair is still in a downtrend, since the USD/CHF pair is trading in a bearish pattern from the new resistance line of 0.9520 towards the first assistance level at 0.9453 in order to evaluate it. If the pair succeeds to pass through the level of 0.9453, the marketplace will indicate a bearish chance listed below the level of 0.9453 to continue to the nextgoals 0.9422 and 0.9384. On the other hand, if a breakout takes place at the resistance level of 0.9551, then this situation might be invalidated.The product has been supplied by InstaForex Business-www.instaforex.com

By | September 8, 2017

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Overview:

  • The USD/CHF pair continues to move downwards from the level of 0.9520. Yesterday, the pair dropped from the level of 0.9520 (this level of 0.9520 coincides with the double top) to the bottom around 0.9422. However, the price rebounded from the price of 0.9422 to set around the spot of 0.9483.
    Today, the first resistance level is seen at 0.9520 followed by 0.9551, while daily support 1 is found at 0.9453. Also, the level of 0.9483 represents a weekly pivot point for that it is acting as major resistance/support this week. Amid the previous events, the pair is still in a downtrend, because the USD/CHF pair is trading in a bearish trend from the new resistance line of 0.9520 towards the first support level at 0.9453 in order to test it. If the pair succeeds to pass through the level of 0.9453, the market will indicate a bearish opportunity below the level of 0.9453 to continue towards the next objectives 0.9422 and 0.9384. On the other hand, if a breakout happens at the resistance level of 0.9551, then this scenario may be invalidated.

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

Jonathon Alexander

Basic Analysis of USD/CHF for September 8, 2017 888011000 110888 USD/CHF non-volatile bearish trend is still quite undamaged, so it is anticipated to press the price much lower in the future. USD has actually been having a hard time to acquire over CHF since it broke listed below 1.00 location and still might not manage to enhance the bulls in this pair. Today, Switzerland’s Joblessness Rate report was released with a the same worth as expected at 3.2% whereas the previous GDP and CPI reports published today were rather even worse in comparison. CHF did lose some premises versus USD recently which was recovered regardless of the even worse than expected Switzerland’s financial reports today. This signals that the market belief is on the CHF side without considering any basic economic reports. On the other hand, today USD Final Wholesale Inventories report is going to be published which is anticipated to be unchanged at 0.4% and FOMC Member Harker is going to speak today also concerning the nation’s key interest and future financial policies. The US financial events are expected to have a rather very little influence on the marketplace today which does suggest that more bearish pressure and strengthening of CHF is quite possible in the coming days.Now let ustake a look at the technical chart. The price has actually currently declined off the assistance level of 0.9440 which is expected to reveal some bullish intervention in this set on a short-term basis. Presently, the pair is expected to show some bullish move to the vibrant level of 20 EMA prior to proceeding additional down with a target to 0.9050 assistance location in the coming days. As the cost remains listed below 0.9770 resistance level, the bearish bias is anticipated to continue even more. The product has actually been offered by InstaForex Business -www.instaforex.com

By | September 8, 2017

USD/CHF non-volatile bearish trend is still quite intact, so it is expected to push the price much lower in the future. USD has been struggling to gain over CHF since it broke below 1.00 area and still could not manage to strengthen the bulls in this pair. Today, Switzerland’s Unemployment Rate report was published with an unchanged value as expected at 3.2% whereas the previous GDP and CPI reports published this week were quite worse in comparison. CHF did lose some grounds against USD recently which was recovered despite the worse than expected Switzerland’s economic reports this week. This signals that the market sentiment is on the CHF side without considering any fundamental economic reports. On the other hand, today USD Final Wholesale Inventories report is going to be published which is expected to be unchanged at 0.4% and FOMC Member Harker is going to speak today as well regarding the nation’s key interest and future monetary policies. The US economic events are expected to have a quite minimal impact on the market today which does indicate that further bearish pressure and strengthening of CHF is very much possible in the coming days.

Now let us look at the technical chart. The price has currently rejected off the support level of 0.9440 which is expected to show some bullish intervention in this pair on a short-term basis. Currently, the pair is expected to show some bullish move towards the dynamic level of 20 EMA before proceeding further downward with a target towards 0.9050 support area in the coming days. As the price remains below 0.9770 resistance level, the bearish bias is expected to continue further.

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

Jonathon Alexander