Technical analysis of NZD/USD for September 08, 2017 888011000 110888 Overview: The NZD/USD set bullish trend from the assistance levels of 0.7231 and 0.7293. Currently, the rate remains in a bullish channel. This is validated by the RSI indication signaling that we are still in a bullish trending market. As the rate is still above the moving average (100 ), immediate support is seen at 0.7293, which coincides with a golden ratio(38.2% of Fibonacci ). The first assistance is set at the level of 0.7293. The market is likely to show indications of a bullish trend around the area of 0.7293. Simply puts, buy orders are recommended above the price of 0.7293 with the very first target at the level of 0.7343. Additionally, if the pattern is able to breakout through the very first resistance level of 0.7343. We need to see the set climbing to the double top(0.7393 )as next goal. It would likewise be a good idea to consider where to put a stop loss; this ought to be set below the second assistance of 0.7231. The producthas been supplied by InstaForex Company-www.instaforex.com

By | September 8, 2017

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Overview:

  • The NZD/USD pair bullish trend from the support levels of 0.7231 and 0.7293. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support is seen at 0.7293, which coincides with a golden ratio (38.2% of Fibonacci). Consequently, the first support is set at the level of 0.7293. So, the market is likely to show signs of a bullish trend around the spot of 0.7293. In other words, buy orders are recommended above the price of 0.7293 with the first target at the level of 0.7343. Furthermore, if the trend is able to breakout through the first resistance level of 0.7343. We should see the pair climbing towards the double top (0.7393) as next objective. It would also be wise to consider where to place a stop loss; this should be set below the second support of 0.7231.

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

Jonathon Alexander

Basic Analysis of AUD/JPY for September 8, 2017 888011000 110888 AUD/JPY is presently rather corrective and unpredictable in nature which formed a rising wedge on the intraday charts. The blended economic reports from Japan and Australia made the market sentiment quite confused recently which still exists in the market by now. Today, Japan’s Last GDP report was released which showed a decrease to 0.6% from the previous value of 1.0% which was expected to be at 0.7%, Bank Loaning likewise declined to 3.2% which was anticipated to be the same at 3.3%, Bank account report revealed favorable changes with an increase to 2.03 T from the previous figure of 1.52 T which was anticipated to be at 1.65 T, Final GDP Rate Index was published unchanged as anticipated at -0.4%, and Economy Watchers Sentiment was likewise published unchanged at 49.7 which was anticipated to reduce to 49.5. On the other hand, Australia’s House Loans report revealed an increase to 2.9% from the previous worth of 1.2% which was anticipated to reduce to 1.0% and RBA Guv Lowe is currently speaking about short-term rates of interest and future monetary policies which is expected to be rather neutral in nature. To sum up, Japan’s economic reports were primarily really negative in nature which capped the growth of the currency versus AUD today. Nevertheless, AUD might not control JPY with its favorable economic reports today which does signal that JPY is certainly quite strong than AUD in the market with better sentiment. AUD ought to create favorable high effect financial reports in the coming days to dominate the JPY growth.Now let us take a look atthe technical chart. The cost has actually been unpredictable and very restorative in nature recently which formed an increasing wedge along the way. The price is presently having a hard time to break over the horizontal resistance level of 87.50 but while doing so, some upward fake relocations have actually been observed also. Currently we will think about sell positions after the price breaks below 86.10-30 support area with an everyday close. As the rate remains listed below 88.00 level, the bearish predisposition is expected to continue even more. The material has actually been supplied by InstaForex Company-www.instaforex.com

By | September 8, 2017

AUD/JPY is currently quite corrective and volatile in nature which formed a rising wedge on the intraday charts. The mixed economic reports from Japan and Australia made the market sentiment quite confused recently which still exists in the market by now. Today, Japan’s Final GDP report was published which showed a decrease to 0.6% from the previous value of 1.0% which was expected to be at 0.7%, Bank Lending also declined to 3.2% which was expected to be unchanged at 3.3%, Current Account report showed positive changes with a rise to 2.03T from the previous figure of 1.52T which was expected to be at 1.65T, Final GDP Price Index was published unchanged as expected at -0.4%, and Economy Watchers Sentiment was also published unchanged at 49.7 which was expected to decrease to 49.5. On the other hand, Australia’s Home Loans report showed an increase to 2.9% from the previous value of 1.2% which was expected to decrease to 1.0% and RBA Governor Lowe is currently speaking about short term interest rates and future monetary policies which is expected to be quite neutral in nature. To sum up, Japan’s economic reports were mostly very negative in nature which capped the growth of the currency against AUD today. However, AUD could not dominate JPY with its positive economic reports today which does signal that JPY is indeed quite strong than AUD in the market with better sentiment. AUD should come up with positive high impact economic reports in the coming days to dominate the JPY growth.

Now let us look at the technical chart. The price has been very corrective and volatile in nature recently which formed a rising wedge along the way. The price is currently struggling to break over the horizontal resistance level of 87.50 but in the process, some upward fake moves have been observed as well. Currently we will consider sell positions after the price breaks below 86.10-30 support area with a daily close. As the price remains below 88.00 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

Bitcoin analysis for 08/09/2017

By | September 8, 2017

Bitcoin analysis for 08/09/2017: Many Bitcoin lovers are trying to prepare for a sensible forecast for the Bitcoin rate over the next couple of years. There are some analysis that expect a reasonable $15,000-$20,000 worth to extraordinary projections of $1 mln per Bitcoin. In the meantime, the fact is that after activation of the SegWit protocol that includes the Lightning Network technology, the entire Bitcoin market capitalization is gradually approaching $80 bln, that makes the Bitcoin market alone worth a half of this sum. The Bitcoin day-to-day deals are growing gradually as well (about 400,000 BTC per day according to Coinmarketcap) and 1,728 new Bitcoins are produced through mining each day. If by the next halving the number of mined Bitcoins will drop to 864 and after that in 2024 to 432, around the year of 2032 99% of all Bitcoins will be mined already. This circumstance will likely make the financiers realize, that they are losing out the opportunity to mine the staying 1.6% of all offered Bitcoins, and then the costs should climb accordingly. With the offered rate of increase, the target of $20,000 by 2020 is very likely to be hit.

Let’s now have a look at the Bitcoin technical picture at the H1 amount of time. The cost is presently trading within the gray rectangle supply zone, but it was decreased from this zone twice currently. Will the 3rd time be fortunate? The clear bearish divergence in between the rate and momentum oscillator supports the down view, however any breakout above the level of $4,691 will likely indicate a more move towards the swing high at the level of $4,970. On the other hand, according to the Elliott Wave Principle, the wave (b) correction might get more complex and lengthy prior to the wave (c) to the downside unfolds. The bigger timespan trend remains bullish.

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

Jonathon Alexander

The trading strategy of EUR/USD for September 8, 2017 888011000 110888 Trade plan 08/09/2017The basic image: The euro is still growing, but soon the stop. The primary news of the week was the ECB’s choice on monetary policy. Contrary to expectations, the head of the ECB, Draghi and his coworkers, not only left the rates unchanged (the base 0% for deposits for banks and all the minus 0.4%) and left unchanged the program for pumping liquidity markets however did not provide any info on plans to turn the financial policy. Draghi, however kept in mind the obvious objection of the euro’s growth, stating that the development of the euro creates limitations to financial development and impedes inflation. It would seem that it’s time for the EUR/USD to stop the growth. The Fed is on the course of tightening monetary policy, the ECB persists in relieving and there is no factor for continuing development. However, the euro’s rate struck a maximum of the existing week at 1.1950 and quite rapidly reached the long-term optimum of 1.2065. The breakdown happened currently on Friday early morning. The plan for EURUSD: To buy late. The purpose of growth is 1.2180. You can offer from 1.2180 stops not more than 45 pp. The level for sale on the breakdown is 1.1905 but most likely, a brand-new level will be formed to enter the breakdown down, above that.The product has been provided by InstaForex Company -www.instaforex.com

By | September 8, 2017

Trade plan 08/09/2017

The general picture: The euro is still growing, but soon the stop.

The main news of the week was the ECB’s decision on monetary policy. Contrary to expectations, the head of the ECB, Draghi and his colleagues, not only left the rates unchanged (the base 0% for deposits for banks and all the minus 0.4%) and left unchanged the program for pumping liquidity markets but did not give any information on plans to turn the monetary policy. Draghi, however noted the obvious unwillingness of the euro’s growth, saying that the growth of the euro creates hindrances to economic growth and hinders inflation.

It would seem that it’s time for the EUR/USD to stop the growth. The Fed is on the path of tightening monetary policy, the ECB persists in easing and there is no reason for continuing growth. Nevertheless, the euro’s rate hit a maximum of the current week at 1.1950 and pretty quickly reached the long-term maximum of 1.2065. The breakdown happened already on Friday morning.

So, the plan for EURUSD:

To buy late. The purpose of growth is 1.2180. You can sell from 1.2180 stops not more than 45 pp.

The level for sale on the breakdown is 1.1905 but probably, a new level will be formed to enter the breakdown down, above that.

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

Jonathon Alexander

Technical analysis of USDX for September 8, 2017 888011000 110888 The Dollar index as expected is making brand-new lows. Trend stays bearish and after the rejection signals on the everyday chart, our plan is getting confirmed. The Dollar index is below both the tenkan -and kijun-sen indicators. Rate is making lower lows and lower highs. Pattern is plainly bearish. There are somedivergence signs that providea caution for Dollar bears however there isno sign of a reversal yet. Short-term resistance is at 91.70-91.90. Red lines -bearish channel Purple lines-megaphone pattern On a weekly basis the index is oversold, inside the bearish channel, listed below the weekly Kumo and approaching the lower end of the megaphone pattern. The lower trend line of the loudspeaker pattern is around 90.50 so this could extremely well be a target to finish the whole downward move from 103.80. The product has actually been provided by InstaForex Business-www.instaforex.com

By | September 8, 2017

The Dollar index as expected is making new lows. Trend remains bearish and after the rejection signals on the daily chart, our plan is getting verified.

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The Dollar index is below both the tenkan- and kijun-sen indicators. Price is making lower lows and lower highs. Trend is clearly bearish. There are some divergence signs that provide a warning for Dollar bears but there is no sign of a reversal yet. Short-term resistance is at 91.70-91.90.

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Red lines – bearish channel

Purple lines – megaphone pattern

On a weekly basis the index is oversold, inside the bearish channel, below the weekly Kumo and approaching the lower end of the megaphone pattern. The lower trend line of the megaphone pattern is around 90.50 so this could very well be a target to complete the entire downward move from 103.80.

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

Jonathon Alexander

Trading prepare for 08/09/2017

By | September 8, 2017

Trading prepare for 08/09/2017:

The monetary markets stay focused on negative details around the United States Dollar – geopolitical, fiscal, dovish signals from the Fed and the hurricane. This is why EUR/USD is trading above 1.2080 and USD/JPYhas broken listed below 108.00. The Japanese Nikkei is down 0.7%, however Hang Seng is up 0.4%. Gold stays at the raised levels around $1,357.

On Friday 8th of September, the event calendar is quite busy with important press release. Switzerland will release Joblessness Unusual, Germany will post Trade Balance information and France will present Industrial Production data. Later, the UK will publish Industrial and Production information. During the US session, Canada will present Joblessness Rate and Employment Modification information and the United States will post Wholesale Stocks data.EUR/ USD analysis for 08/09/2017:

The German Trade Balance information and France Industrial Production data are all arranged for release throughout the early hours of the London session, but market individuals are still absorbing yesterday’s Mario Draghi remarks after the rates of interest choice. After leaving the rates of interest unchanged at the level of 0.0%, the ECB President stated during journalism conference, that recent Euro’s volatility is a source of unpredictability. He included, that inflation outlook hasn’t broadly changed, underlying inflation pressures stay controlled and really substantial degree of accommodation is required. At the end, he stated, that the QE programme will be extended as long as essential as the ECB is reluctant to devote to a QE statement date.

The ECB personnel projections were in line with the leaks. The development forecasts were fine-tuned somewhat higher and inflation a little lower. Growth this year was revised to 2.2% from 1.9%. The GDP projection for 2018 and 2019 was left unchanged at 1.6% and 1.7% respectively. The CPI forecasts were modified lower, primarily due to currency exchange rate appreciation. For this year, headline inflation is anticipated to be 1.5%, below 1.6% in June. Next year’s forecast was cut to 1.2% from 1.3%. Inflation in 2019 is anticipated to be at 1.5% instead of 1.6%.

In conclusion, it was a really dovish declaration from Mario Draghi that shocked market individuals as they expected a completely different rhetoric. He restated the old declarations, that the ECB does not target the currency but that the currency exchange rate is essential for development and inflation expectations. After journalism conference was over, the Euro valued across the board.Let’s now have a look at the EUR/USD technical picture at the H1 timespan. After breakout above the level of 1.2000, the cost rallied to the level of 1.2090. Currently, the market conditions are overbought on H4, Daily and Weekly time frames and there are noticeable and clear divergences in between the price and momentum signs on different time frames. As long as the technical assistance at the level of 1.1829 – 1.1847 is not clearly violated, the outlook remains bullish.

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Market Picture: United States Dollar Index makes another lower low The price of DXY has made another lower low at the level of 91.02 after the technical assistance at the level of 91.62 was broken. The market is now trading in extremely oversold conditions and the bullish divergence shows up at the various time frames. Just a continual break out above the golden pattern line would put the bulls in control over this market once again.

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Market Picture: Crude Oil increase to 78 %Fibo After the Hurricane Harvey disturbances in oil supply, the rate of oil went up to the current swing highs however was so far capped at 78%Fibo at the level of $49.38. Themarket conditions loofs overbought, however the momentum is strong, so after a local correction the bulls might still assault the swing high at the levle of $50.40.

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

Jonathon Alexander

Technical analysis of gold for September 8, 2017 888011000 110888 Gold price has reached our 2nd target of $1,350. Price remains in a strong up pattern. Next target is at $1,380. Gold longer-term pattern is bullish. We can anticipate a pull back in between $1,330-$1,300 before the next huge upward relocation. Gold rate stays in an up trend as rate is holding above both the tenkan-and kijun-sen indications. Cost is making greater highs and greater lows. Assistance is at$1,344 and next at$1,330. Resistance is now at$1,374.94 at the July high of 2016. Magenta line -resistance Blue line -assistance Gold rate has actually reached our second target at$ 1,350 where we find the magenta pattern line resistance. Price is partially trading above it. I believe we will eventually break it and move towards our 3rd target of$1,380. Long-lasting trend is bullish. Pull backs will come and I expect to be a buyer again.The product has been offered by InstaForex Company-www.instaforex.com

By | September 8, 2017

Gold price has reached our second target of $1,350. Price remains in a strong up trend. Next target is at $1,380. Gold longer-term trend is bullish. We can expect a pull back between $1,330-$1,300 before the next big upward move.

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Gold price remains in an up trend as price is holding above both the tenkan- and kijun-sen indicators. Price is making higher highs and higher lows. Support is at $1,344 and next at $1,330. Resistance is now at $1,374.94 at the July high of 2016.

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Magenta line – resistance

Blue line – support

Gold price has reached our second target at $1,350 where we find the magenta trend line resistance. Price is marginally trading above it. I believe we will eventually break it and move towards our third target of $1,380. Long-term trend is bullish. Pull backs will come and I expect to be a buyer again.

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

Jonathon Alexander

Day-to-day analysis of major sets for September 8, 2017 888011000 110888 EUR/USD: The ongoing northwards movement that has actually been experienced on this set has actually put an end to the short-term neutrality on it. Cost has actually acquired about 170 pips which has actually led to a. bullish bias. More northward movement might bring price towards the resistance. lines at 1.2100, 1.2150 and at last, 1.2200. USD/CHF: The USD/CHF has gone additional downwards. today, because the EUR/USD has actually gone upwards. Price has actually lost about 170 pips,. resulting in a Bearish Confirmation Pattern in the market.The bearish motion. is expected to continue, as rate goes towards the assistance line at 0.9400,. which would be tested today or next week. GBP/USD: This currency trading instrument has. gained close to 200 pips today, causing a strong bullish predisposition on the. market. The next targets for bulls lie at the distribution territories. at 1.3150( which has been formerly checked), 1.3200 and 1.3250. USD/JPY: The USD/JPY has come by a minimum of, 220. pips this week, leading to a clean Bearish Verification Pattern in the market. Rate. is now below the supply level at 108.00, going towards the demand level at. 107.50 (which may be breached to the disadvantage quickly). The southward motion is. made possible by the weakness in USD as well as the endurance in JPY. The EMA 11. is listed below the EMA 56, and the RSI period 14 is below the level 50, portending. consistent selling pressure.< img width =" 450" src =” http://qkfx.com/wp-content/uploads/2017/09/daily-analysis-of-major-pairs-for-september-8-2017-3.png” alt=” 4. png”/ > EUR/JPY: This cross is likewise is getting neutral and. the market is getting choppy. Should the current debt consolidation continue, it. could lead to a neutral predisposition on the marketplace. On the other hand, a breakout to. the advantage or to the disadvantage is expected (a minimum of 200 pips to the benefit or. to the disadvantage), which would bring an end to the current neutrality and lead. to a directional motion. The product has been supplied by InstaForex Company- www.instaforex.com

By | September 8, 2017

EUR/USD: The ongoing northwards
movement that has been witnessed on this pair has put an end to the short-term
neutrality on it. Price has gained about 170 pips and that has resulted in a
bullish bias. Further northward movement may bring price towards the resistance
lines at 1.2100, 1.2150 and at last, 1.2200.

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USD/CHF: The USD/CHF has gone further downwards
this week, because the EUR/USD has gone upwards. Price has lost about 170 pips,
leading to a Bearish Confirmation Pattern in the market. The bearish movement
is expected to continue, as price goes towards the support line at 0.9400,
which would be tested today or next week.

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GBP/USD: This currency trading instrument has
gained close to 200 pips this week, leading to a strong bullish bias on the
market. The next targets for bulls are located at the distribution territories
at 1.3150 (which has been previously tested), 1.3200 and 1.3250.

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USD/JPY: The USD/JPY has dropped by at least, 220
pips this week, leading to a clean Bearish Confirmation Pattern in the market. Price
is now below the supply level at 108.00, going towards the demand level at
107.50 (which may be breached to the downside soon). The southward movement is
made possible by the weakness in USD as well as the stamina in JPY. The EMA 11
is below the EMA 56, and the RSI period 14 is below the level 50, portending
continual selling pressure.

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EUR/JPY: This cross is also is getting neutral and
the market is getting choppy. Should the current consolidation continue, it
could lead to a neutral bias on the market. On the other hand, a breakout to
the upside or to the downside is expected (at least 200 pips to the upside or
to the downside), which would bring an end to the current neutrality and lead
to a directional movement.

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

Jonathon Alexander

China'’s Exports Development Slows; Imports Increase More Than Forecast

By | September 8, 2017

China’s exports increased at a slower rate in August on softening global demand, while imports development surpassed expectations.

Exports increased 5.5 percent year-on-year in August, slower than July’s initially approximated 7.2 percent development, information from the General Administration of Customs revealed Friday. Shipments were forecast to grow 6 percent.

At the exact same time, imports advanced 13.3 percent every year, faster than the anticipated development of 10 percent.

As an outcome, the trade surplus totaled $42 billion in August versus the anticipated level of $48.5 billion.

The trade surplus with the US rose to $26.2 billion as exports got 8.4 percent.

In yuan terms, exports gained 6.9 percent and imports by 14.4 percent. Financial experts had actually forecast exports to grow 8.7 percent and imports to increase 11.7 percent.

The trade surplus was available in at CNY 286.5 billion, well listed below the forecast of CNY 335.7 billion.

Renminbi strength is probably not to blame for cooling export volumes – exporters have yet to meaningfully raise their US dollar costs in reaction to recent currency exchange rate motions, Julian Evans-Pritchard, a financial expert at Capital Economics,

Looking ahead, the financial expert said further disadvantage to export development needs to be limited by the fairly favorable outlook for China’s main trading partners.

With the headwinds to domestic need from policy tightening up increasing, the downturn in import development has further to run, the financial expert included.

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

Jonathon Alexander

Swiss Franc Increases Versus Majors

By | September 8, 2017

The Swiss franc strengthened against other major currencies in the Asian session on Friday.

The Swiss franc rose to a 2-year high of 0.9421 versus the U.S. dollar, from yesterday’s closing value of 0.9502.

Against the yen and the pound, the franc advanced to 3-day highs of 1.2387 and 114.50 from the other day’s closing quotes of 1.2449 and 114.06, respectively.

The franc edged approximately 1.1390 versus the euro, from the other day’s closing worth of 1.1419.

If the franc extends its uptrend, it is most likely to find resistance around 0.93 against the greenback, 1.22 versus the pound, 116.00 against the yen and 1.12 versus the euro.

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

Jonathon Alexander