Elliott wave analysis of EUR/JPY for June 155, 2018 888011000 110888 The ECB’s call to end it QE at the end of 2018 struck the EUR difficult and of course, EUR/JPY got hit too. We were expecting a decrease quickly, but not of that magnitude and not listed below the 128.07 as that tells us that wave ii still is in motion. With wave ii still in movement, we can see now that it has turned into a broadenedflat correction. the strong decline, seen after the ECB statement, is wave c of ii, which means wave ii likely finished in early Asian trading with the test of 127.68. If this count is proper, then we should see a break above small resistance at 128.17 quickly and more notably a break aboveresistanceat 128.60 includingself-confidence in this count. Asstrong as the decline from 130.36 was, as strong can the healing be-Action/reaction. R3: 128.95 R2: 128.60 R1: 128.17 Pivot: 127.90 S1: 127.68 S2: 127.43 S3: 126.76 Trading recommendation: After taking a little profit for half a position and taking a loss on the other half, we bought EUR again at 129.50 and we will put our stop at 127.60 If you are not long yet, then purchase near 127.90 or upon a break above 128.17 and use the same stop at 127.60. The product has been supplied by InstaForex Business-www.instaforex.com

By | June 15, 2018

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The ECB’s call to end it QE at the end of 2018 hit the EUR hard and of course, EUR/JPY got hit too. We were expecting a decline soon, but not of that magnitude and not below the 128.07 as that tells us that wave ii still is in motion. With wave ii still in motion, we can see now that it has turned into an expanded flat correction. the strong decline, seen after the ECB announcement, is wave c of ii, which means wave ii likely completed in early Asian trading with the test of 127.68.

If this count is correct, then we should see a break above minor resistance at 128.17 soon and more importantly a break above resistance at 128.60 adding confidence in this count. As strong as the decline from 130.36 was, as strong can the recovery be – Action/reaction.

R3: 128.95

R2: 128.60

R1: 128.17

Pivot: 127.90

S1: 127.68

S2: 127.43

S3: 126.76

Trading recommendation:

After taking a little profit for half a position and taking a loss on the other half, we bought EUR again at 129.50 and we will place our stop at 127.60 If you are not long yet, then buy near 127.90 or upon a break above 128.17 and use the same stop at 127.60.

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

Jonathon Alexander

EUR/USD: Do not rush to bury the euro

By | June 15, 2018

So, the crucial occasions of the trading week lag us: now we can summarize the first outcomes by evaluating potential customers and dispositions. The Fed and the European Reserve bank have actually spoken, to some degree surprising the marketplace with the sounded position. In a sort of two-day confrontation, the dollar won after all, having gotten assistance from the Fed. In turn, the European currency looks like an outsider throughout the market – fears of traders were warranted, despite the preliminary positive mood.If you neglect the details and think about the circumstance in general, it can be concluded that the euro/dollar is declining due to the dissociation of the financial policy of the Fed and the ECB. This reality again reminded of itself – while the Fed hinted at an acceleration of rates of rate walking, the European regulator revealed indecision and care. Let me remind you that at the June meeting, ECB members maintained all the criteria of the monetary policy (which is expected) and extended the QE program until completion of this year, while minimizing the volume of possessions redemption by half, that is, up to 15 billion euros (from October to December).

It can not be stated that this decision surprised the marketplaces. Such a circumstance was gone over, however, not among the main ones. Professionals confessed that Draghi would again show his indecision (like lots of members of the ECB) and take a half-hearted decision. True, analysts expected a more substantial reduction in the volume of purchases – as much as 10 billion euros by the end of the year.By the method, the worst situation these days’s conference was that Draghi will hold off the conversation of QE folding for July, enabling the program to be prolonged for an indefinite duration. Therefore, the results of today’s meeting can not be called catastrophic for the euro. Yes, the single currency paired with the dollar is now losing its positions and, most likely, will again evaluate the support level 1.1570 (the bottom line of Bollinger Bands on the daily chart), nevertheless, the occasions of current days are unlikely to “bury” the European currency. There are a number of arguments in favor of this statement.Now the market is trading on feelings, as during one day the Fed shocked with A” hawkish “attitude, and the ECB disappointed with a too soft position. Such a sequence can not be neglected a priori, and in the medium term, will be tough for the bulls of the eur/usd set to seize the initiative. When feelings go away, the market will”keep in mind”some of the nuances that will support the Euro, albeit belatedly.First, the ECB said that the stimulus program is not likely to be extended for the next year. That is, now we have a clear time limit, which the regulator will cross only in an emergency(a substantial downturn in inflation and GDP, increasing unemployment, political uncertainty). If the existing characteristics of financial growth in the eurozone continues, Europe will”bid farewell “to QE on December 31. Secondly, the European Reserve Bank for the very first time in a long period of time began discussing

raising the rate of interest. And although today it is just about the length of time the rate will not be exactly raised (at least till the summer of 2019), traders still have momentary criteria in this matter. This has actually been spoken about in the market in the past, however at the level of reports, guesses and inarticulate comments of regulator members. Now there is a fairly clear series: the completion of QE in December 2018-an increase in the rates of interest in the 2nd half of 2019. Obviously, the above algorithm of actions will be carried out only if inflationary indicators increase. Mario Draghi highlighted this reality in a separate line, stating that the forecast for the rates “is connected to the scenario with inflation. “At the exact same time, he voiced very positive projections. In his view, general inflation is most likely to be in the realm of existing levels before the end of this year, however the basic inflation indication will slowly increase. The head of the ECB also raised the projection for the development of the balanced customer price index– both within the current year and within the next two years.Thus, according to the officials of the European Reserve Bank, in the long term there are all the requirements that the stimulus program will be finished before the end of this year, after which the regulator will stop briefly and start talking about the concern of raising rates. These assumptions are consistent and depend mainly on the development of inflation in the eurozone.If the CPI and other inflation signs show a positive pattern, traders will slowly increase the likelihood of tightening financial policy in 2019, particularly in the light of personnel changes among the ECB leadership. In turn, the Fed took a “hawkish “, but rather vague position on the future potential customers. Jerome Powell enabled a fourfold boost in the rate this year, but at the exact same time confessed that the regulator is approaching a neutral level of rates. The market has typically”grabbed “for the near future, ignoring the “alarming bells”in Powell’s rhetoric. This is a topic for a separate conversation.

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In summary, it ought to be noted that the behavior of the eur/usd set now totally represents the existing fundamental background. At the same time, when the pair falls into the location of 1.1570-1.1550, it is essential to be very wary of selling the pair. The European Central Bank has actually taken a very careful position, it has likewise laid the foundation for reinforcing the single currency in the long term.The material has been supplied by InstaForex Business – www.instaforex.com

Jonathon Alexander

BITCOIN Analysis for June 14, 2018 888011000 110888 After breaking listed below $6,500 area with a day-to-day close the other day, the price has actually been quite bullish for the Bitcoin today inside the general bearish predisposition. Traders are still not able to express clear sentiment on Bitcoin and the crypto market due to recent hacker attacks and predictions from particular crypto professionals consisting of Bitcoin designer Willy Woo. The cost is anticipated to push lower to $5,000 area in the coming days. As for the present circumstance, Bitcoin is anticipated to push lower in the coming days despite today’s specific bullish pressure which is viewed as retracement after signals of additional downward momentum in the short term. The product has been supplied by InstaForex Company-www.instaforex.com

By | June 14, 2018

After breaking below $6,500 area with a daily close yesterday, the price has been quite bullish for the Bitcoin today inside the overall bearish bias. Traders are still unable to express clear sentiment on Bitcoin and the crypto market in light of recent hacker attacks and predictions from certain crypto professionals including Bitcoin developer Willy Woo. The price is expected to push lower towards $5,000 area in the coming days. As for the current scenario, Bitcoin is expected to push lower in the coming days despite today’s certain bullish pressure which is viewed as retracement after signals of further downward momentum in the short term.

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

Jonathon Alexander

Fundamental Analysis of NZD/USD for June 14, 2018 888011000 110888 NZD/USD has actually been rather restorative and unstable recently without any impulsive pressure on either side because of the recent US favorable financial reports and occasions. Despite downbeat economic reports recently, NZD sustained the gains versus USD along the method whereas USD is anticipated to have an edge in the coming days.Recently, New Zealand FPI report was published with a small decline to 0.0%from the previous worth of 0.1 %. NZ Production Index report is due tomorrow which previously was at 58.9. The future of NZD versus USD is quite indecisive for a while. On the other hand, the FOMC held a policy conference the other day, followed by the statement on the key interest rate. The benchmark funds rate was raised to 2.00%from the previous worth of 1.75%. There has actually been particular indecision about the effect of the rate hike, after a while USD managed to get sustainable momentum over CAD. Today, US Core Retail Sales report was published with an increase to 0.9%from the previous value of 0.4%which was anticipated to be at 0.5%, Retail Sales likewise increased to 0.8% which was expected to be unchanged at 0.4%, Unemployment Claims reduced to 218k from the previous figure of 222k which was anticipated to increase to 223k, and Import Rates stayed the same at 0.6%which was expected to reduce to 0.5%. As for the existing scenario, USD is anticipated to control NZD in thecoming days though it has not been able to do it up until now. NZD does not have much to use to sustain the gains versus spontaneous USD pressure along the method. To sum up, USD is expected to have an advantage over NZD in the coming days.Now let us take a look at the technical view. The cost is currently rather bearish after rejecting the bulls throughout the day while residing above the dynamic level of 20 EMA at the same time. Though certain bullish pressure is still quite active in the market in spite of the recent positive US economic reports and rate trek. As the price remains listed below 0.7050 area, the bearish pressure is anticipated to continue with a target towards 0.6850 support area in the coming days. The product has been provided by InstaForex Business-www.instaforex.com

By | June 14, 2018

NZD/USD has been quite corrective and volatile recently with no impulsive pressure on either side in light of the recent US positive economic reports and events. Despite downbeat economic reports recently, NZD sustained the gains against USD along the way whereas USD is expected to have an upper hand in the coming days.

Recently, New Zealand FPI report was published with a slight decrease to 0.0% from the previous value of 0.1%. NZ Manufacturing Index report is due tomorrow which previously was at 58.9. So, the future of NZD against USD is quite indecisive for a while.

On the other hand, the FOMC held a policy meeting yesterday, followed by the statement on the key interest rate. The benchmark funds rate was raised to 2.00% from the previous value of 1.75%. Though there has been certain indecision about the impact of the rate hike, after a while USD managed to gain sustainable momentum over CAD. Today, US Core Retail Sales report was published with an increase to 0.9% from the previous value of 0.4% which was expected to be at 0.5%, Retail Sales also increased to 0.8% which was expected to be unchanged at 0.4%, Unemployment Claims decreased to 218k from the previous figure of 222k which was expected to increase to 223k, and Import Prices remained unchanged at 0.6% which was expected to decrease to 0.5%.

As for the current scenario, USD is expected to dominate NZD in the coming days though it has not been able to do it so far. NZD does not have much to offer to sustain the gains against impulsive USD pressure along the way. To sum up, USD is expected to have an upper hand over NZD in the coming days.

Now let us look at the technical view. The price is currently quite bearish after rejecting the bulls throughout the day while residing above the dynamic level of 20 EMA in the process. Though certain bullish pressure is still quite active in the market despite the recent positive US economic reports and rate hike. As the price remains below 0.7050 area, the bearish pressure is expected to continue with a target towards 0.6850 support area in the coming days.

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

Jonathon Alexander

Fundamental Analysis of AUD/USD for June 14, 2018 888011000 110888 AUD/USD has been rather impulsive, following the bearish bias today after certain indecision with the daily close yesterday. AUD has been just recently struggling amid downbeat financial reports, whereas the recent rate trek in the United States has been a terrific push for the currency to gain momentum in the process.Today, Australia’sEmployment Modification report was published with a reduction to 12.0 k from the previous figure of 18.3 k which was expected to increase to 18.8 k but Unemployment Rate decreased to 5.4 %from the previous worth of 5.6% which was expected to be at 5.5%. MI Inflation Expectation report was released with a boost to 4.2%from the previous worth of 3.7%. On the USD side, the other day the FOMC held a policy conference which was followed by the policy declaration on the federal funds rate. The benchmark rate was lifted to 2.00% from the previous value of 1.75%. There has actually been certain indecision about the impact of the rate walking, USD managed to get sustainable momentum over CAD for a while. Today, United States Core Retail Sales report was published with a boost to 0.9%from the previous worth of 0.4 %which was anticipated to be at 0.5%, Retail Sales also increased to 0.8% which was expected to be unchanged at 0.4%, Joblessness Claims reduced to 218k from the previous figure of 222k which was expected to increase to 223k, and Import Prices stayed the same at 0.6%which was expected to reduce to 0.5%. As for the present circumstance, USD is anticipated to get additional momentum inthe coming days having actually backed by the current positive economic reports followed by the rate hike, whereas AUD is having a hard time amid combined financial reports published recently. To sum up, USD is anticipated to control AUD even more, whereas certain correction and volatility can be observed along the method. Now let us look at the technical view. The price is presently residing at the edge of assistance location 0.7500-50. It is anticipated to press the rate much lower to 0.7350 area in the future if broken with a day-to-day close. Though there has been particular corrections and volatility along the way but to have spontaneous bearish momentum in the future, a break below 0.75 with a daily close is much needed. The material has been offered by InstaForex Company-www.instaforex.com

By | June 14, 2018

AUD/USD has been quite impulsive, following the bearish bias today after certain indecision with the daily close yesterday. AUD has been recently struggling amid downbeat economic reports, whereas the recent rate hike in the US has been a great push for the currency to gain momentum in the process.

Today, Australia’s Employment Change report was published with a decrease to 12.0k from the previous figure of 18.3k which was expected to increase to 18.8k but Unemployment Rate decreased to 5.4% from the previous value of 5.6% which was expected to be at 5.5%. Moreover, MI Inflation Expectation report was published with an increase to 4.2% from the previous value of 3.7%.

On the USD side, yesterday the FOMC held a policy meeting which was followed by the policy statement on the federal funds rate. The benchmark rate was lifted to 2.00% from the previous value of 1.75%. Though there has been certain indecision about the impact of the rate hike, USD managed to gain sustainable momentum over CAD for a while. Today, US Core Retail Sales report was published with an increase to 0.9% from the previous value of 0.4% which was expected to be at 0.5%, Retail Sales also increased to 0.8% which was expected to be unchanged at 0.4%, Unemployment Claims decreased to 218k from the previous figure of 222k which was expected to increase to 223k, and Import Prices remained unchanged at 0.6% which was expected to decrease to 0.5%.

As for the current scenario, USD is expected to gain further momentum in the coming days having backed by the recent positive economic reports followed by the rate hike, whereas AUD is struggling amid mixed economic reports published recently. To sum up, USD is expected to dominate AUD further, whereas certain correction and volatility can be observed along the way.

Now let us look at the technical view. The price is currently residing at the edge of support area 0.7500-50. If broken with a daily close, it is expected to push the price much lower towards 0.7350 area in the future. Though there has been certain corrections and volatility along the way but to have impulsive bearish momentum in the future, a break below 0.75 with a daily close is much needed.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for June 14, 2018 888011000 110888 Daily Outlook In April 2018, the short-term outlook relied on become bearish when the EUR/USD set maintained trading below the broken uptrend as well as the lower limitation of the portrayed consolidation range.Bearish perseverance listed below the price level of 1.2200 permitted further bearish decrease towards the price levels of 1.1990 and 1.1880. As discussed, the price zone( 1.1850-1.1750) used temporary bullish rejection to 1.1990 where a coming down high was established.The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, additional bearish momentum was revealed in the market.Currently, the rate zone(1.1850-1.1750)is considered a prominent Supply zone to be looked for bearish rejection and possible SELL entries. S/L ought to be placed above 1.1900. As expected, apparent bearish rejection is being revealed around the rate zone of( 1.1850-1.1750). This improves the bearish side of the market.That’s why, for EUR/USD sellers, bearish persistence listed below 1.1700-1.1750(zone of previous daily lows) is presently needed to boost more bearish decline to 1.1400 (the formerly mentioned regular monthly key-level) . The material has been offered by InstaForex Business-www.instaforex.com

By | June 14, 2018

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Daily Outlook

In April 2018, the short-term outlook turned to become bearish when the EUR/USD pair maintained trading below the broken uptrend as well as the lower limit of the depicted consolidation range.

Bearish persistence below the price level of 1.2200 allowed further bearish decline towards the price levels of 1.1990 and 1.1880.

As mentioned, the price zone (1.1850-1.1750) offered temporary bullish rejection towards 1.1990 where a descending high was established.

The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, further bearish momentum was expressed in the market.

Currently, the price zone (1.1850-1.1750) is considered a prominent Supply zone to be watched for bearish rejection and possible SELL entries. S/L should be placed above 1.1900.

As anticipated, evident bearish rejection is being expressed around the price zone of (1.1850-1.1750). This enhances the bearish side of the market.

That’s why, for EUR/USD sellers, bearish persistence below 1.1700-1.1750 (zone of previous daily lows) is currently needed to enhance further bearish decline towards 1.1400 (the previously mentioned monthly key-level).

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading recommendations for June 14, 2018 888011000 110888 The rate zone of 0.7320-0.7390 stood as a considerable supply zone throughout current bullish pullback. The bulls failed to perform a successful Bullish breakoutabove 0.7400 during the previous week’s consolidations.The NZD/USD set had actually been trapped between the rate levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred.Since April 13, substantial bearish pressure has been used.This most likely turns the short-term outlook for the NZD/USD set into bearish providing significant significance to the multiple-top reversal pattern.That’s why, bearish breakdown of 0.7220-0.7170( neck line zone)was had to confirmthe illustrated reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already.The bearish situation needs apparent bearish persistence below 0.7050 to keep significant bearish momentum towards 0.6860 and 0.6820. That’s why, the price levelof 0.7050 is presently considered a key-level for the NZD/USD bears.Any bullish breakout above the rate level of 0.7050 prevents more bearish decrease permitting bullish pullbackto happen towards 0.7170-0.7220. When bearish momentum continues, the price zone of 0.6820-0.6780 will be the next location for the NZD/USD pair. It needs to be watched for bullish rejection and a possible legitimate BUY entry.On the other hand, the existing bullish pullback towards the cost level of 0.7050 (Broken Demand-Level) stays a great chance for sellers to have a valid OFFER entry. S/L needs to be placed above 0.7100.The material has been supplied by InstaForex Company – www.instaforex.com

By | June 14, 2018

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The price zone of 0.7320-0.7390 stood as a significant supply zone during recent bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 during the previous week’s consolidations.

The NZD/USD pair had been trapped between the price levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 occurred.

Since April 13, significant bearish pressure has been applied. This probably turns the short-term outlook for the NZD/USD pair into bearish giving considerable significance to the multiple-top reversal pattern.

That’s why, bearish breakdown of 0.7220-0.7170 (neckline zone) was needed to confirm the depicted reversal pattern. Bearish target levels around 0.7050 and 0.7000 have been achieved already.

The bearish scenario needs obvious bearish persistence below 0.7050 to maintain significant bearish momentum towards 0.6860 and 0.6820. That’s why, the price level of 0.7050 is currently considered a key-level for the NZD/USD bears.

Any bullish breakout above the price level of 0.7050 hinders further bearish decline allowing bullish pullback to occur towards 0.7170-0.7220.

When bearish momentum persists, the price zone of 0.6820-0.6780 will be the next destination for the NZD/USD pair. It should be watched for bullish rejection and a possible valid BUY entry.

On the other hand, the current bullish pullback towards the price level of 0.7050 (Broken Demand-Level) remains a good opportunity for sellers to have a valid SELL entry. S/L should be placed above 0.7100.

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

Jonathon Alexander

Analysis of Gold for June 14, 2018 888011000 110888 Recently, the Gold has been trading upwards. As I anticipated, the cost evaluated the level of $1,305.07. Inning accordance with the H1 amount of time, I found broken bullish flag in the background, which is a sign that purchasers remain in control. My guidance is to watch for possible purchasing chances on the pullback. The upward targets are setat the cost of$1,313.80 and at the rate of $1,325.00. Resistance levels: R1:$1,306.65 R2:$1,310.15 R3:$1,315.90 Support levels: S1:$1,297.45 S2: $1,291.95 S3:$1,288.75Trading recommendations for today: look for possible purchasing opportunities.The product has actually been offered by InstaForex Business-www.instaforex.com

By | June 14, 2018

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Recently, the Gold has been trading upwards. As I expected, the price tested the level of $1,305.07. According to the H1 time frame, I found broken bullish flag in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities on the pullback. The upward targets are set at the price of $1,313.80 and at the price of $1,325.00.

Resistance levels:

R1: $1,306.65

R2: $1,310.15

R3: $1,315.90

Support levels:

S1: $1,297.45

S2: $1,291.95

S3: $1,288.75

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

AUD/NZD Approaching Support, Prepare For A Bounce!

By | June 14, 2018

AUD/NZD is approaching its support at 1.0762(61.8% Fibonacci extension, 61.8%& 38.2%Fibonacci retracement, horizontal overlap support )where we expect to see a bounce, causing the cost to increase to its resistance at 1.0891 (100% Fibonacci extension, 61.8 %Fibonacci retracement, horizontal swing high resistance). We do have to be cautious of the intermediate resistance at 1.0835 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 3.8% where a matching bounce might take place. We have also determined a bullish divergence with the price which adds to our bullish bias.Buy above

1.0762. Stop loss at 1.0710. Take revenue at 1.0891.

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

Jonathon Alexander

AUD/USD Approaching Support, Prepare For A Bounce!

By | June 14, 2018

AUD/USD is approaching its assistance at 0.7560(61.8 %Fibonacci extension, 61.8 %Fibonacci retracement, horizontal swing low support)where we anticipate to see a bounce, causing the price to rise to its resistance at 0.7659(61.8% & & 50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (89, 5, 3) is approaching its support at 9.6% where a matching bounce is expected.Buy above 0.7560. Stop loss 0.7513. Take revenue at 0.7659. The product has been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander