Day-to-day analysis of major pairs for August 18, 2017 888011000 110888 EUR/USD: The EUR/USD has just consolidated up until now this week, with no much directional motion. The marketplace is quite choppy today, and it would make good sense to stay away from it till the cost exceeds the resistance line at 1.1800 or below the assistance line at 1.1700. USD/CHF: This currency trading instrument went upward to check the resistance level at 0.9750 then dropping listed below the resistance level at 0.9650. This has produced a short-term bearish signal( the. EMA 11 has crossed the EMA 56 to the drawback, and the Williams ‘% Variety duration. 20 is in the oversold territory); which indicates the support levels at 0.9600 and. 0.9550 could be evaluated. GBP/USD: This market went downwards, to test the. accumulation area at 1.2850, and after that moving sideways till now. There is a. Bearish Confirmation Pattern in the chart, and additional downwards movement is. anticipated, especially when the build-up area at 1.2850 is breached to. the disadvantage. USD/JPY: The bearish signal on the USD/JPY has become clearer than it was yesterday. The EMA 11 is below the EMA 56, and the RSI duration 14 is below the 50. Rate is under the supply level at 109.50, and it may target the need levels at 109.00 and 108.50( which might be reached in between today and next Monday ). EUR/JPY: After creating a bearish signal, the EUR/JPY has actually decreased seriously. The rate is now below the supply zone at 128.50, targeting the need zone at 128.00. There is a Bearish Confirmation Pattern in the 4-hour chart, which points to more bearish journey. The material has been offered by InstaForex Business- www.instaforex.com

By | August 18, 2017

EUR/USD: The EUR/USD has only consolidated so far this week, with no much directional movement. The market is quite choppy right now, and it would make sense to stay away from it until the price goes above the resistance line at 1.1800 or below the support line at 1.1700.

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USD/CHF: This currency trading instrument went
upward to test the resistance level at 0.9750 and then dropping below the
resistance level at 0.9650. This has created a short-term bearish signal (the
EMA 11 has crossed the EMA 56 to the downside, and the Williams’ % Range period
20 is in the oversold territory); which means the support levels at 0.9600 and
0.9550 could be tested.

2.png

GBP/USD: This market went downwards, to test the
accumulation territory at 1.2850, and then moving sideways till now. There is a
Bearish Confirmation Pattern in the chart, and further downwards movement is
expected, especially when the accumulation territory at 1.2850 is breached to
the downside.

3.png

USD/JPY: The bearish signal on the USD/JPY has become clearer than it was yesterday. The EMA 11 is below the EMA 56, and the RSI period 14 is below the 50. Price is under the supply level at 109.50, and it may target the demand levels at 109.00 and 108.50 (which could be reached between today and next Monday).

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EUR/JPY: After generating a bearish signal, the EUR/JPY has gone down seriously. The price is now below the supply zone at 128.50, targeting the demand zone at 128.00. There is a Bearish Confirmation Pattern in the 4-hour chart, which points to further bearish journey.

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

Jonathon Alexander

EUR/USD testing major support, prepare to buy

By | August 18, 2017

The cost is seeing major assistance at 1.1691(Fibonacci extension, horizontal swing low assistance) and we anticipate to see a bounce above this level to 1.1795 resistance(Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing nice assistance above 13% as well as sees an intermediate ascending assistance line push price up.

Purchase above 1.1691. Stop loss is at 1.1645. Take earnings is at 1.1795.

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

Jonathon Alexander

NZD/USD dropping nicely towards revenue target, stay bearish

By | August 18, 2017

The price has actually reversed completely from our offering

location and is approaching our earnings target. We stay bearish listed below 0.7290 resistance(Fibonacci retracement, horizontal pullback resistance )for a more push down to a minimum of 0.7223 assistance (Fibonacci extension, horizontal swing low support). We move our stop loss to 0.7335 resistance to secure our profits.Stochastic(34,5,3)has reversed nicely and has great downside capacity to play our drop.

Sell listed below 0.7290. Stop loss is at 0.7335. Take revenue is at 0.7223. The product has actually been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander

EUR/JPY revenue target reached perfectly, prepare to buy for a bounce

By | August 18, 2017

The price continued its drop the other day and has actually reached our profit target perfectly. We prepare to purchase above major assistance at 130.07(Fibonacci extension, horizontal swing low assistance)for a bounce up to a minimum of 130.07 resistance( Fibonacci retracement, horizontal pullback resistance ). Stochastic(21,5,3)is checking significant assistance at 7.1 % and we anticipate a matching bounce from that level.Correlation analysis: We’re seeing JPY strength with drops on AUD/JPY and EUR/JPY. Offer below 130.07. Stop loss is at 130.42. Take earnings is at 128.92. The material has been offered by InstaForex Company-www.instaforex.com

Jonathon Alexander

AUD/JPY earnings target reached perfectly, prepare to buy for a strong bounce

By | August 18, 2017

The price has dropped absolutely completely from

our selling area to our profit target. We prepare to buy above significant support at 86.02(Fibonacci retracement, horizontal overlap assistance )for a rise to a minimum of 86.94 resistance(Fibonacci retracement, horizontal overlap resistance ). Stochastic(21,5,3)is seeing significant support above 2%where we expect a corresponding bounce from.Correlation analysis: We’re seeing JPY strength with drops on AUD/JPY and EUR/JPY

. Purchase above 86.02. Stop loss is at 85.71. Take profit is at 86.94. The product has actually been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander

ARGENTINA: Merval Falls 0.76% Amid Profit-taking

By | August 17, 2017

Merval, the primary index of the Buenos Aires Stock market, fell 0.76% Thursday, closing at 22,711.76 points, in a session marked by profit-taking after the euphoria with the main elections outcomes.

“The regional market deserted the positive trend of the last 5 wheels, leaving room for a logical profit-taking,” said Oscar Campos, an analyst at Intervalores.

Cresud (+2,63%), Central Puerto (+2.60%), Telecom (+2.41%), Aluar (+1.73%), Edenor (+1.41%), Petrolera Pampa (+1.07%) increased, while Costanera (-3.40%), Transener (-3.01%) and Pampa (-3%) shut down.

The in your area traded US dollar increased 0.87%, closing at 17.36 pesos, amidst a greater demand for hedging.

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

Jonathon Alexander

COLOMBIA: Colcap Increases 0.16% In the middle of Mixed Panel

By | August 17, 2017

Colcap, the main index of the Colombian Stock market, increased 0.16% Friday, closing at 1,470.69 points amidst high trading volume and a combined panel.

David Santos, an expert at Compass Group, stated that the drop in liquid stocks such as Bancolombia Preferencial offset the good performance of the shares that closed the day in the positive side, such as Grupo Sura and Ecopetrol.

Ecopetrol’s shares closed greater after its board of directors accepted the resignation of the current chairman, Juan Carlos Echeverry, for family reasons. Felipe Bay?n Pardo, the current executive vice president was appointed to replace him.

The shares of Grupo Aval (+1.95%), Cemargos (+1.72%), Conconcreto (+1.48%), Banco de Bogot? (+1.42%) and EEB (+1.28%), while ISA (-1.18%), Bancolombia Preferencial (-1.04%), Davivienda (-1.00%) and ETB (-0.73%).

The locally traded United States dollar closed at 2,991.90 Colombian pesos, marking an increase of 0.71%, after the European Reserve bank (ECB) release its minutes. Agust?n Vera, an analyst at International Securities, said that the dollar rebounded after the ECB showed issue about the conditioning of the currency.

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

Jonathon Alexander

ARGENTINA: Treasury And United States Chamber Of Commerce Discusses Investments

By | August 17, 2017

The Argentinean Financing Minister Nicol?s Dujovne has met representatives of the United States Chamber of Commerce and executives from United States business in order to attract new financial investments in his country. The conference took place throughout United States Vice President Mike Pence’s main visit to Argentina.

The members of the North American delegation, headed by the Executive Vice President of the United States Chamber of Commerce, Myron Brilliant, highlighted the path taken by Argentina and expressed their optimism regarding the possibilities used by the policy of private public participation contracts (PPP) to boost and accelerate investments in public operate in the country.

Dujovne said that the Argentinean economy has been enhancing.

“Unlike what took place in previous periods, today Argentina’s development is being led by investments and exports, which will allow us to achieve greater advancement, lower joblessness rates and battle hardship,” he said.

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

Jonathon Alexander

Treasuries Close Higher After Recuperating From Early Weak point

By | August 17, 2017

After an early relocate to the disadvantage, treasuries turned higher throughout the trading session on Thursday.

Bond prices ended the session near their finest levels of the day. Subsequently, the yield on the benchmark ten-year note, which moves reverse of its rate, fell by 2.7 basis points to 2.199 percent.

The higher nearby treasuries came as stocks on Wall Street fell greatly in the middle of issues about political chaos in Washington, D.C.

. The backlash to President Donald Trump’s response to last weekend’s violent events in Charlottesville, Virginia, has actually caused stress over the president’s pro-business agenda.

On the U.S. financial front, the Labor Department released a report showing a bigger than anticipated drop in preliminary jobless claims in the week ended August 12th.

The report stated preliminary jobless claims dropped to 232,000, a reduction of 12,000 from the previous week’s unrevised level of 244,000. Financial experts had actually anticipated unemployed claims to edge down to 240,000.

A separate report from the Philadelphia Federal Reserve revealed a modest downturn in the rate of development in regional manufacturing activity in the month of August.

The Philly Fed Index edged down to 18.9 in August from 19.5 in July, although a positive reading still suggests growth in local manufacturing activity. The index has been anticipated to dip to 18.5.

Meanwhile, the Federal Reserve launched a report revealing commercial production increased by a little less than anticipated in the month of July.

The report said commercial production edged up by 0.2 percent in July after climbing up by 0.4 percent in June. Financial experts had expected production to increase by 0.3 percent.

Trading on Friday may be affected by response to the University of Michigan’s preliminary report on consumer sentiment in the month of August. The customer sentiment index is anticipated to inch approximately 94.0 in August from 93.4 in July.

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

Jonathon Alexander

Technical analysis of USD/JPY for August 17, 2017 888011000 110888 USD/JPY is anticipated to trade with bullish outlook. The pair has actually bounced up from 108.90 and is hanging on the benefit. The increasing 20-period moving typical crossed above the 50-period one and is playing a support role. The relative strength index stands securely above its neutrality level at 50 and does not have down momentum. As long as 109.60 holds on the downside, look for a further advance towards 110.25, a break above this level would call for a further rise to 110.60. Additionally, if the cost relocations in the opposite instructions, a brief position is recommended listed below 109.40 with a target at 108.90. Chart Description: The black line reveals the pivot point. The present rate above the pivot point shows 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 linesuggests the resistance level. These levels can be used toget in and leave trades.Strategy: BUY, Stop Loss: 109.60, Take Revenue: 110.25 Resistance levels : 110.25, 110.60, and 111.05 Support Levels: 109.40, 108.90, 109.25 The product has been provided by InstaForex Business-www.instaforex.com

By | August 17, 2017

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USD/JPY is expected to trade with bullish outlook. The pair has bounced up from 108.90 and is holding on the upside. The rising 20-period moving average crossed above the 50-period one and is playing a support role. The relative strength index stands firmly above its neutrality level at 50 and lacks downward momentum.

As long as 109.60 holds on the downside, look for a further advance towards 110.25, a break above this level would call for a further rise towards 110.60.

Alternatively, if the price moves in the opposite direction, a short position is recommended below 109.40 with a target at 108.90.

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: BUY, Stop Loss: 109.60, Take Profit: 110.25

Resistance levels: 110.25, 110.60, and 111.05

Support Levels: 109.40, 108.90, 109.25

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

Jonathon Alexander