Technical analysis of USD/JPY for September 08, 2017 888011000 110888 USD/JPY is under pressure and anticipated to dominate its drawback movement. The pair is trading listed below its decreasing 50-period and 20-period moving averages , which play resistance roles and keep the drawback predisposition. The relative strength index is bearish and requires an additional decrease. For this reason, as long as 108.50 holds on the upside, look for an additional decrease to 107.35 and even to 107.00 in extension. Additionally, if the price moves in the opposite instructions, a long position is suggested above 108.50 with a target at 109.40. Chart Description: The black line reveals the pivot point. The current rate above the pivot point suggests a bullish position, while the rate below the pivot point is a signal for a short position.The red lines show the assistance levels and the green line indicatesthe resistance level. These levels can be usedto enter and exit trades.Strategy: OFFER, Stop Loss: 108.50, Take Revenue: 107.35 Resistance levels: 109.40, 109.80, and 110.35 Assistance Levels: 107.35, 107.00, 106.40 The product has actually been provided by InstaForex Business-www.instaforex.com

By | September 8, 2017

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USD/JPY is under pressure and expected to prevail its downside movement. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is bearish and calls for a further decline.

Hence, as long as 108.50 holds on the upside, look for a further decline to 107.35 and even to 107.00 in extension.

Alternatively, if the price moves in the opposite direction, a long position is recommended above 108.50 with a target at 109.40.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: SELL, Stop Loss: 108.50, Take Profit: 107.35

Resistance levels: 109.40, 109.80, and 110.35

Support Levels: 107.35, 107.00, 106.40

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

Jonathon Alexander

Technical analysis of GBP/JPY for September 08, 2017 888011000 110888 GBP/JPY is under pressure and anticipated to continue its disadvantage motion. The set formed an intraday”V-top “pattern last night and is clearly refusing. The closest crucial resistance at 142.25 preserves the strong selling pressure on the costs. In addition, the 20-period moving average will cross listed below the 50-period one( & an unfavorable signal). As long as 142.25 is not gone beyond, likely decline to 141.15 & 140.75 in extension. If the cost relocations in the instructions opposite to the projection, a long position is advised above 142.25 with the target at 142.70. Technique: OFFER, Stop Loss: 142.25, Take Earnings: 141.15. Chart Explanation: the black line shows the pivot point. The cost above the pivot point shows the bullish position; when it is below the pivot points, it shows a short position. The red lines show the support levels and the green lineindicates the resistance levels. These levels canbe used to enter and leave trades.Resistance levels: 142.70, 143.00, and 143.75 Support levels: 141.15, 140.75, and 140.00 The material has been offered by InstaForex Business-www.instaforex.com

By | September 8, 2017

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GBP/JPY is under pressure and expected to continue its downside movement. The pair formed an intraday “V-top” pattern last night and is clearly turning down. The nearest key resistance at 142.25 maintains the strong selling pressure on the prices. In addition, the 20-period moving average is about to cross below the 50-period one (a negative signal).

Therefore, as long as 142.25 is not surpassed, likely decline to 141.15 & 140.75 in extension.

Alternatively, if the price moves in the direction opposite to the forecast, a long position is recommended above 142.25 with the target at 142.70.

Strategy: SELL, Stop Loss: 142.25, Take Profit: 141.15.

Chart Explanation: the black line shows the pivot point. The price above the pivot point indicates the bullish position; and when it is below the pivot points, it indicates a short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 142.70, 143.00, and 143.75

Support levels: 141.15, 140.75, and 140.00

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for September 8, 2017 888011000 110888 Wave summary: The break above the minor resistance at 1.6616 is a strong indication that red wave iv completed already at 1.6407 and red wave v/ to 1.6969 now is establishing. Short-term, we are trying to find minor supportat 1.6469 to be able to safeguard the downside for the next spontaneous rally higher to a minimum of 1.6758 and potentially even closer to 1.6969 in red wave v. Just anunforeseenbreak listed below1.6407 willconfirm that red wave iv has not finished yet, but thepotential disadvantage needs to be really limited.R3:1.6969 R2: 1.6758 R1: 1.6690 Pivot: 1.6600 S1: 1.6500 S2: 1.6469 S3: 1.6407 Trading suggestion: We are long EUR from 1.6611 with stop put at 1.6400. If you are shortly EUR yet, then purchase near 1.6469 and utilize the same stop at 1.6400. The product has actually been provided by InstaForex Business-www.instaforex.com

By | September 8, 2017

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Wave summary:

The break above the minor resistance at 1.6616 is a strong indication that red wave iv completed already at 1.6407 and red wave v/ towards 1.6969 now is developing. Short-term, we are looking for minor support at 1.6469 to be able to protect the downside for the next impulsive rally higher to at least 1.6758 and possibly even closer to 1.6969 in red wave v.

Only an unexpected break below 1.6407 will confirm that red wave iv has not completed yet, but the potential downside should be very limited.

R3: 1.6969

R2: 1.6758

R1: 1.6690

Pivot: 1.6600

S1: 1.6500

S2: 1.6469

S3: 1.6407

Trading recommendation:

We are long EUR from 1.6611 with stop placed at 1.6400. If you are not long EUR yet, then buy near 1.6469 and use the same stop at 1.6400.

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

Jonathon Alexander

Elliott wave analysis of EUR/JPY for September 8, 2017 888011000 110888 Wave summary: We continue to look higher towards the ideal wave (D) target at 137.36 to complete the triple zig-zag correction from 109.48 and set thestage for the final decline within the triangle towards 117.17 as the ideal target for wave (E)and the triangle consolidation in wave [B] Short-term, we anticipate the assistance at 129.35will be ableto protect the downside for the next rally higher to the 137.36 target.R3: 131.71 R2: 131.35 R1: 130.72 Pivot: 130.40 S1: 130.13 S2: 129.95 S3: 129.62 Trading recommendation: We are long EUR from 130.10 with stop placed at 129.25 and take earnings is positioned at 137.15. The material has actually been offered by InstaForex Company-www.instaforex.com

By | September 8, 2017

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Wave summary:

We continue to look higher towards the ideal wave (D) target at 137.36 to complete the triple zig-zag correction from 109.48 and set the stage for the final decline within the triangle towards 117.17 as the ideal target for wave (E) and the triangle consolidation in wave [B].

Short-term, we expect the support at 129.35 will be able to protect the downside for the next rally higher towards the 137.36 target.

R3: 131.71

R2: 131.35

R1: 130.72

Pivot: 130.40

S1: 130.13

S2: 129.95

S3: 129.62

Trading recommendation:

We are long EUR from 130.10 with stop placed at 129.25 and take profit is placed at 137.15.

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

Jonathon Alexander

Technical analysis of EUR/USD for Sept 08, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as French Industrial Production m/m, French Gov Budget Balance, and German Trade Balance. The United States will launch the Economic Data, too, such as Consumer Credit m/m andFinal Wholesale Inventories m/m, so, amid the reports, EUR/USD will move in a low to mediumvolatility during this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.2087.Strong Resistance:1.2080. Original Resistance: 1.2068. Inner Sell Location: 1.2056.Target Inner Area: 1.2028.Inner Buy Area: 1.2000. Initial Support: 1.1988. Strong Assistance: 1.1976. Breakout OFFER Level: 1.1969. Disclaimer: Trading Forex(foreign exchange)on margin brings a high level of danger, and may not be suitable for all financiers. The high degree of take advantage of can work against you along with for you. Before choosing to buy foreign exchange you need to thoroughly consider your investment goals, level of experience, and risk hunger. The possibility exists that you might sustain a loss of some or all of your preliminary investment and for that reason you should not invest cash that you can not manage to lose. You need to understand all the dangers connected with forex trading, and seek advice from an independent financial advisor if you have any doubts.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | September 8, 2017

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When the European market opens, some Economic Data will be released, such as French Industrial Production m/m, French Gov Budget Balance, and German Trade Balance. The US will release the Economic Data, too, such as Consumer Credit m/m and Final Wholesale Inventories m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.2087.

Strong Resistance:1.2080.

Original Resistance: 1.2068.

Inner Sell Area: 1.2056.

Target Inner Area: 1.2028.

Inner Buy Area: 1.2000.

Original Support: 1.1988.

Strong Support: 1.1976.

Breakout SELL Level: 1.1969.

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

Japan GDP On Tap For Friday

By | September 7, 2017

Japan is scheduled to release a raft of information on Friday, headlining a busy day for Asia-Pacific financial activity. On tap are Q2 figures for gross domestic product, plus July numbers for current account and August information for bank financing, personal bankruptcies and the eco watchers survey.

GDP is expected to broaden 0.7 percent on quarter and 2.9 percent on year following the 1.0 percent quarterly increase and a 4.0 percent annual gain in the previous reading.

The bank account is expected to show a surplus of 2,044.6 billion yen, up from 934.6 billion yen in June. General bank lending is called stable at 3.3 percent, while lending leaving out trusts is called the same at 3.4 percent.

The eco watchers survey for existing conditions is expected to see a rating of 49.5, below 49.7 in July. The outlook is called the same at 50.3.

China will see August results for imports, exports and trade balance. Imports are expected to climb up 10.0 percent on year, below 11.0 percent in July. Exports are called higher by 5.1 percent, slowing from 7.2 percent in the previous month. The trade surplus is pegged at $48.60 billion, up from $46.74 billion a month previously.

Australia will supply July data for home loans. In June, the number of loans included 0.5 percent, while the worth acquired 0.3 percent. Investment financing leapt 1.6 percent.

New Zealand will release Q2 numbers for manufacturing activity; in the very first quarter, activity acquired 2.8 percent and volume fell 0.3 percent.

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

Jonathon Alexander

Treasures Program Strong Upward Move Following ECB Statement

By | September 7, 2017

Following the pullback seen in the previous session, treasuries showed a significant return to the advantage during trading on Thursday.

Bond prices revealed a strong upward relocation in early morning trading however returned some ground in the afternoon. Consequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 4.7 basis points to 2.061 percent.

The ten-year yield more than offset the 3.8 basis point increase seen on Wednesday, falling to its lowest closing level in 10 months.

The rebound by treasuries began the heels of the European Reserve bank’s highly expected financial policy announcement.

The ECB kept all three of its interest rates the same and said it expects rates to stay at their current levels for a prolonged time period.

The central bank likewise verified that its net property purchases are meant to perform at the existing monthly pace of 60 billion euros till the end of December, or beyond, if required.

ECB President Mario Draghi’s subsequent press conference was seen as dovish, as he said inflation is still anticipated to move towards the bank’s target but cautioned disadvantage economic dangers continue to exist.

Draghi also suggested that decisions about the future of the ECB’s huge stimulus would be delayed till the next financial policy meeting in late October.

On the United States financial front, the Labor Department released a report revealing a sharp boost in novice claims for welfare in the week ended September Second.

The report stated initial unemployed claims jumped to 298,000, a boost of 62,000 from the previous week’s unrevised level of 236,000. Economic experts had anticipated unemployed claims to increase to 241,000.

A separate report from the Labor Department revealed labor performance increased by more than initially estimated in the 2nd quarter, while system labor expenses rose by less than initially approximated.

The Labor Department stated labor productivity climbed by 1.5 percent in the 2nd quarter compared to the formerly reported 0.9 percent boost. Financial experts had actually expected the speed of productivity development to be upwardly revised to 1.3 percent.

On the other hand, the report said system labor costs increased by 0.2 percent throughout the quarter compared with the formerly reported 0.6 percent growth. System labor costs had been expected to increase by a revised 0.3 percent.

Trading activity on Friday might be somewhat subdued, as reports on wholesale inventories and customer credit typically do stagnate the markets.

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

Jonathon Alexander

U.S. Labor Productivity Growth Upwardly Revised To 1.5% In Q2

By | September 7, 2017

A report released by the Labor Department on Thursday showed U.S. labor productivity increased by more than initially estimated in the second quarter, while unit labor costs rose by less than initially estimated.

The Labor Department said labor productivity climbed by 1.5 percent in the second quarter compared to the previously reported 0.9 percent increase. Economists had expected the pace of productivity growth to be upwardly revised to 1.3 percent.

With the upward revision, the productivity growth in the second quarter reflects an even more substantial acceleration from the 0.1 percent uptick seen in the first quarter.

The bigger than previously estimated increase in productivity, a measure of output per hour, came as output spiked by more than initially estimated.

Output surged up by 4.0 percent compared to the initially estimated 3.4 percent, while the increase in hours worked was unchanged at 2.5 percent.

Meanwhile, the report said unit labor costs rose by 0.2 percent during the quarter compared to the previously reported 0.6 percent growth. Unit labor costs had been expected to rise by a revised 0.3 percent.

The modest increase in unit labor costs in the second quarter comes on the heels of the 4.8 percent spike seen in the first quarter.

The downward revision to unit labor cost growth in the second quarter reflected the stronger than initially estimated productivity growth, as the increase in hourly compensation was upwardly revised to 1.8 percent from 1.6 percent.

Real hourly compensation, which takes changes in consumer prices into account, climbed by 2.1 percent compared to the initially estimated 1.9 percent.

Compared to the same quarter a year ago, productivity was up by 1.3 percent in the second quarter, as output climbed by 2.8 percent and hours worked increased by 1.5 percent.

Meanwhile, unit labor costs were down by 0.2 year-over-year in the second quarter, as the productivity growth offset a 1.1 increase in hourly compensation.

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading recommendations for September 7, 2017 888011000 110888 Daily Outlook In February 2017, the portrayed short-term downtrend was initiated around the illustrated supply zone (0.7310-0.7380). Nevertheless, a recent bullish breakout above the drop line took place on May 22. Considering thatthen, the market has been bullish as portrayed on the chart.The rate zone of 0.7150-0.7230(Key-Zone)stood as a temporary resistance zone up untila bullish breakout was expressed above 0.7230. This resulted in a fast bullish advance to the next supply zone around 0.7310-0.7380 which was temporarily breached to the upside.The current bearish pullback was executed to the price zone of 0.7310-0.7380 (newly-established demand-zone)which cannot use sufficient bullish support for the NZD/USD pair.Re-consolidation listed below the rate level of 0.7300 enhances the bearish side of the marketplace. This brings the NZD/USD pair once again to 0.7230-0.7150 (Key-Zone )where current weak bullish recovery was manifested on August 16.On the other hand, an irregular Head and Shoulders pattern is being revealed on the illustrated chart suggesting a high probability of bearish reversal.Breakdown of the neck line 0.7150 verifies the turnaround pattern. Anticipated bearish targets lie around 0.7050, 0.6925 and ultimately 0.6800. The product has actually been offered by InstaForex Company-www.instaforex.com

By | September 7, 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 NZD/USD pair again towards 0.7230-0.7150 (Key-Zone) where recent weak bullish recovery was manifested on August 16.

On the other hand, an atypical Head and Shoulders pattern is being expressed on the depicted chart indicating a high probability of bearish reversal.

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