Intraday technical levels and trading recommendations for EUR/USD for September 7, 2017 888011000 110888 Monthly Outlook In January 2015, the EUR/USD pair moved listed below the major demand levels near 1.2050-1.2100(multiple previous bottoms embeded in July 2012 and June 2010). A long-term bearish target was predicted toward 0.9450. In March 2015, EUR/USD bears challenged the monthly need level around 1.0500, which had been formerly reached in August 1997. In thelonger term, the level of 0.9450 remains a forecasted target if any regular monthly candlestick accomplishes bearish closure below the portrayed monthly demand level of 1.0500. However, the EUR/USD pair has actually been trapped within the depicted consolidation range(1.0500-1.1450)up until the present bullish breakout was performed above 1.1450. The existing bullish breakout above 1.1450 enables a fast bullish advance to 1.2100 where price action ought to be watched for apparent bearish rejection and a legitimate SELL Entry. Daily Outlook In January 2017, the previous sag reversed when the Head and Shoulders pattern wasdeveloped around 1.0500. Since then, obvious bullish momentum has been revealed on the chart.As prepared for, the continuous bullish momentum allowed the EUR/USD set to pursue furtherbullish advance to 1.1415-1.1520(Previous Daily Supply-Zone). The daily supply zone failed to pause the continuous bullish momentum. Rather, an evident bullish breakout is being experienced on the chart. The next Supply level to satisfy the pair lies around 1.2080 (Level of previousmultiple bottoms)where bearish rejection can be anticipated.On the other hand, the rate zone of 1.1415-1.1520 must be watched for a valid BUY entry if bearish pullback persists listed below 1.1800 and 1.1700. The product has been offered by InstaForex Business-www.instaforex.com

By | September 7, 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, an evident bullish breakout is being witnessed on the chart. The next Supply level to meet the pair is located around 1.2080 (Level of previous multiple bottoms) where bearish rejection can be anticipated.

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

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

Jonathon Alexander

GBP/USD analysis for September 07, 2017 888011000 110888 Just recently, the GBP/USD pair has actually been trading sideways at the rate of 1.3064. Anyhow, the rate was turned down to return into a trading range, which is an indication that selling looks risky which buyers remain in control on the marketplace. The short-term trend is bullish and my recommendationsis to watch for potential buyingopportunities.The upward targets areset at the costof 1.3100 and 1.3150. Resistance levels: R1: 1.3080 R2: 1.3115 R3: 1.3150 Assistance levels: S1: 1.3015 S2: 1.2985 S3: 1.2950 Trading suggestions for today: expect potential purchasing opportunities.The product has actually been offered by InstaForex Business-www.instaforex.com

By | September 7, 2017

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Recently, the GBP/USD pair has been trading sideways at the price of 1.3064. Anyway, the price was rejected to go back into a trading range, which is a sign that selling looks risky and that buyers are in control on the market. The short-term trend is bullish and my advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3100 and 1.3150.

Resistance levels:

R1: 1.3080

R2: 1.3115

R3: 1.3150

Support levels:

S1: 1.3015

S2: 1.2985

S3: 1.2950

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

USD/JPY analysis for September 07, 2017 888011000 110888 Just recently, the USD/JPY set has been trading downwards. The rate tested the level of 108.83. Inning accordance with the 30M time frame, I discovered bearish divergence and weak demand in the backgorund, which is an indication that purchasing looks dangerous. The short-term trend is bearish and my recommendations is to expect possible selling chances. The rate also broke upward trendline, which is another sign of weak point. The down targets are set at the price of 108.50 and108.00. Resistance levels: R1: 109.55 R2: 109.95 R3: 110.50 Assistance levels: S1: 108.60 S2: 108.00 S3: 108.65 Trading suggestions for today: watch for possible selling opportunities.The material has actually been offered by InstaForex Company-www.instaforex.com

By | September 7, 2017

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Recently, the USD/JPY pair has been trading downwards. The price tested the level of 108.83. According to the 30M time frame, I found bearish divergence and weak demand in the backgorund, which is a sign that buying looks risky. The short-term trend is bearish and my advice is to watch for potential selling opportunities. The price also broke upward trendline, which is another sign of weakness. The downward targets are set at the price of 108.50 and 108.00.

Resistance levels:

R1: 109.55

R2: 109.95

R3: 110.50

Support levels:

S1: 108.60

S2: 108.00

S3: 108.65

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Bitcoin analysis for 07/09/2017

By | September 7, 2017

Bitcoin analysis for 07/09/2017: The Bank of Japan and the European Reserve bank launched the findings of their

joint analysis of Dispersed Ledger

Technology( DLT)called Task Stella that was introduced in 2016. The main goal was to:” examine the applicability of DLT options in the location of monetary market facilities.”After a year of research study, 3 primary findings can be concluded: DLT-based options could fulfill the performance requirements of a Real-Time Gross Settlement (RTGS)system; DLT performance is affected by network size and distance between nodes; DLT solutions have the potential to reinforce strength and reliability.In conclusion, while the reports were favorable concerning the performance of Blockchain technology for worldwide banking requirements, they nevertheless concluded that the technology is not at a point of maturity to function as a solution for banking practices at this time. The early phase of the DLT development is presently incapable for massive applications like BOJ-NET and TARGET2. Let’s now have a look at the Bitcoin technical image at the H1 timespan. The cost has actually handled to bounce from the golden trend line assistance

to the level of 61 % Fibo at $,4,596. The zone in between the levels of $4,615 -$4, 691 is a strong supply zone, so a turnaround to the disadvantage might happen anytime soon as the level of $4,650 might be the top for the restorative wave(b ). Presently, the rate is trading around the weekly pivot at the level of $4, 544, but the momentum is still pointing to the downside.

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

Jonathon Alexander

Bitcoin analysis for September 07, 2017 888011000 110888 The Bitcoin( BTC )has been trading sideways at the level of$4,538. Anyway, the most current news is not in favor of the bitocin. The People’s Bank of China may freeze the bank accounts connected with initial coin offerings (ICOs). The reports have emerged following China’s suspension of all ICOs running within the country. Today, China began to perform a sweeping crackdown on ICOs. China’s central bank described ICOs as “an unapproved unlawful public financing habits,”and has suspended all ICOs running withinChina, and prohibited the practice of fundraising through token sales. Technical photo is conrifming weak point in the background.Trading suggestions: Inning accordance with the 1H time frame, I found a broken rising wedge in the background, which is a sign of weakness. My suggestions is to look for possible selling opportunties. The down target is set at the price of $4,000 and$3,606. I discovered a surprise bearish divergence on the moving typical oscilator, which is another indication of weakness.Support/ Resistance$ 4.625– Gap zone resistance$4.924– Significant swing high (resistance)$4.000– Swing low( support )$3.606– Significant short-term assistance The material has been provided by InstaForex Company-www.instaforex.com

By | September 7, 2017

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The Bitcoin (BTC) has been trading sideways at the level of $4,538. Anyway, the most recent news is not in favor of the bitocin. The People’s Bank of China may freeze the bank accounts associated with initial coin offerings (ICOs). The reports have surfaced following China’s suspension of all ICOs operating within the country. This week, China began to carry out a sweeping crackdown on ICOs. China’s central bank described ICOs as “an unapproved illegal public financing behavior,” and has suspended all ICOs operating within China, and banned the practice of fundraising through token sales. Technical picture is conrifming weakness in the background.

Trading recommendations:

According to the 1H time frame, I found a broken rising wedge in the background, which is a sign of weakness. My advice is to watch for potential selling opportunties. The downward target is set at the price of $4,000 and $3,606. I found a hidden bearish divergence on the moving average oscilator, which is another sign of weakness.

Support/Resistance

$4.625 – Gap zone resistance

$4.924 – Major swing high (resistance)

$4.000 – Swing low (support)

$3.606 – Major short-term support

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

Jonathon Alexander

Technical analysis of EUR/USD for Sept 07, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Minimum Bid Rate, French 10-y Bond Auction, Spanish 10-y Bond Auction, French Trade Balance, and German Industrial Production m/m. The US will release the Economic Data, too, such as Petroleum Stocks, Gas Storage, Revised Unit Labor Costs q/q, Revised Nonfarm Efficiency q/q, and Unemployment Claims, so, amidst the reports, EUR/USD will move in a medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1984.Strong Resistance:1.1977.Original Resistance: 1.1965. Inner Offer Area: 1.1953.Target Inner Location: 1.1925. Inner Buy Area: 1.1897.Initial Assistance: 1.1885. Strong Assistance: 1.1873. Breakout OFFER Level: 1.1866. Disclaimer: Trading Forex( foreign exchange )on margin brings a high level of threat, and may not be suitable for all investors. The high degree of leverage can work against you in addition to for you. Prior to deciding to invest in forex you must carefully consider your financial investment goals, level of experience, and risk cravings. 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 money that you can not afford to lose. You should be aware of all the risks related to foreign exchange trading, and consult from an independent monetary advisor if you have any doubts.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | September 7, 2017

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When the European market opens, some Economic Data will be released, such as Minimum Bid Rate, French 10-y Bond Auction, Spanish 10-y Bond Auction, French Trade Balance, and German Industrial Production m/m. The US will release the Economic Data, too, such as Crude Oil Inventories, Natural Gas Storage, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and Unemployment Claims, so, amid the reports, EUR/USD will move in a medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1984.

Strong Resistance:1.1977.

Original Resistance: 1.1965.

Inner Sell Area: 1.1953.

Target Inner Area: 1.1925.

Inner Buy Area: 1.1897.

Original Support: 1.1885.

Strong Support: 1.1873.

Breakout SELL Level: 1.1866.

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

Technical analysis of USD/JPY for Sept 07, 2017 888011000 110888 In Asia, Japan will launch the Leading Indicators and 30-y Bond Auction data, and the United States will launch some Economic Data, such as Petroleum Inventories, Natural Gas Storage, Modified Unit Labor Costs q/q, Modified Nonfarm Productivity q/q, and Unemployment Claims. There is a possibility the USD/JPY will move with low to medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 109.70.Resistance. 2: 109.48. Resistance. 1: 109.27. Support. 1: 109.01. Assistance. 2: 108.80. Support. 3: 108.58. Disclaimer: Trading Forex(forex)on margin brings a high level of threat, and may not be suitable for all investors. The high degree of utilize can work against you as well as for you. Prior to choosing to purchase forex you ought to carefully consider your financial investment goals, level of experience, and threat cravings. The possibility exists that you might sustain a loss of some or all your initial investment and for that reason you ought to 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 consultant if you have any doubts.The material has actually been offered by InstaForex Business-www.instaforex.com

By | September 7, 2017

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In Asia, Japan will release the Leading Indicators and 30-y Bond Auction data, and the US will release some Economic Data, such as Crude Oil Inventories, Natural Gas Storage, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and Unemployment Claims. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 109.70.

Resistance. 2: 109.48.

Resistance. 1: 109.27.

Support. 1: 109.01.

Support. 2: 108.80.

Support. 3: 108.58.

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

Brent made pals with cyclones

By | September 7, 2017

Typhoon Harvey did not bring happiness, but this disaster assisted the”bulls” in the North Sea and saved them by capturing the straw, rather of requiring them to run away the battlefield. The professionals of Bloomberg predicted that the United States black gold reserves will grow by 2.5 million barrels by the end of the week by 1 September, while the Goldman Sachs revealed that it will reach 40 million barrels within a month as the cyclone ends. The oil became a more serious chauffeur of growth which returned refinery to life.ExxonMobil, Phillips 66, Valero Energy and others reported about the resumption of refining operations. Since September 5, factories with a capacity of 3.8 million b/s( about 20%of the overall value for the States) were closed, while at the height of the cyclone it was about 4.2 million b/s capacity. Inning accordance with the United States Energy Information Administration, the continuation process can take several days or weeks. Everything will depend upon the damage found at the time of the resumption.Along with the return to life of the oil refinery, oil has another crucial concealed driver of development as the domestic energy increased its need among the states affected by Harvey. The White Home asked the

Congress for about$7.9 billion in aid to Texas and Louisiana for restoration work, which is considered a”bullish”factor for black gold.However, Goldman Sachs claims that the potential development of oil is restricted, as the present circumstance is most likely to benefit from mining business from the States. The possible cost hike will increase the hedging of rate dangers and production volumes, which will affect the global balance of the physical property market and the futures market. The bank accentuates that companies have actually considerably decreased costs in recent years, and the level of earnings revealed a growth in earnings. This position represents the viewpoint of the Alexander Novak, Minister of Energy of Russia, saying that in 2018 Brent will cost $45-55 per barrel.Corrections to the existing positioning of forces can make another cyclone. Irma is relocating the instructions of Florida, but it is difficult that its impact will be more major for the United States oil industry than Harvey’s influence.Brent and WTI gained assistance from the weak dollar. The dovish declaration of Lael Brainard and Neel Kashkari decreased the prospective increase of the federal funds rate in December to 37%. The growth of geopolitical dangers connected to North Korea put pressure on the yields of United States Treasury bonds by pushing futures for the North Sea grade to the maximum levels considering that May.Dynamics of oil and the dollar index Source: Trading Economics. Technically, the”bulls “restored July highs of Brent in addition to the activation of the AB=CD pattern increase the threats of continuing the northern project towards the target at 127.2% and 161.8%. This represents$54.7 and$56 per barrel. On the contrary, the inability of buyers to keep costs above the levels of$53.7 and $52.9 will show weakness.Brent Daily Chart The material has been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander