Worldwide macro introduction for 17/04/2018

By | April 17, 2018

The characteristics of salaries and earnings leaving out benefits in the UK sped up to 2.8%y/y in February from 2.6%in January. The increase in overall

compensation stayed at 2.8%, although it was expected to speed up to 3.0%. For the very first time since January 2017, the growth rate of the basic wage is greater than the inflation rate. The reduction in the joblessness rate to 4.2%likewise has a positive impact(the approximated number was 4.3%). Normally, the information is solid and enables BoE to raise rates of interest, although from the perspective these days’s market may not meet the high expectations of investors.On the other hand, the ZEW Institute study among German analysts and economic experts reveals that in April the current assessment of the economy along with the expectations for the future scrubby. The existing score index was up to 87.9 from 90.7 at the threshold. 88. The indication of future expectations was up to -8.2 from 5.1 by consensus of -1.0. The data are in line with the current Eurozone publications recommending participating in the period of abandoning a strong growth rate at the turn of the year. Let’s now take a look at the EUR/GBP technical picture at the H4 timespan. The macro environment is still not supported for the EUR and after checking out EUR/GBP continues the slide below the level of 0.8648, erasing the early morning gains.

The next assistance is seen at the level of 0.8530, however the bears have gotten in the oversold market conditions zone, so the slide may be restricted. The essential technical level to the benefit is seen at the level of 0.8808. The product has been supplied by InstaForex Company -www.instaforex.com

Jonathon Alexander

Technical analysis of USD/CHF for April 17, 2018 888011000 110888 Overview: Last week, the USD/CHF set broke resistance at the level of 0.9549 which is serving as support now. Hence, the set has actually currently formed minor assistance at 0.9549. Due to the fact that it represents the daily assistance 1, the strong assistance is seen at the level of 0.9549. Similarly essential, the RSI and the moving average(100)are still requiring an uptrend. Therefore, the market suggests a bullish opportunity at the level of 0.9549 in the H4 chart. If the pattern is resilient, then the currency pair strength will be defined as following: USD is in an uptrend and CHF is in a sag. Buy above the small assistance of 0.9549 with the first target at 0.9704, and continue to 0.9749. On the other hand, if the cost closes below the small support, the best place for the stop loss order is seen listed below 0.9549; thus, therate will fall into the bearish market in order to go even more towards the strong support at 0.9417 to evaluate it once again. It must be noted that the level of 0.9417 will form a double bottom.The material has been offered by InstaForex Company-www.instaforex.com

By | April 17, 2018

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Overview:

Last week, the USD/CHF pair broke resistance at the level of 0.9549 which is acting as support now. Thus, the pair has already formed minor support at 0.9549. The strong support is seen at the level of 0.9549 because it represents the daily support 1. Equally important, the RSI and the moving average (100) are still calling for an uptrend. Therefore, the market indicates a bullish opportunity at the level of 0.9549 in the H4 chart. Also, if the trend is buoyant, then the currency pair strength will be defined as following: USD is in an uptrend and CHF is in a downtrend. Buy above the minor support of 0.9549 with the first target at 0.9704, and continue towards 0.9749. On the other hand, if the price closes below the minor support, the best location for the stop loss order is seen below 0.9549; hence, the price will fall into the bearish market in order to go further towards the strong support at 0.9417 to test it again. Also, it should be noted that the level of 0.9417 will form a double bottom.

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

Jonathon Alexander

Technical analysis of NZD/USD for April 17, 2018 888011000 110888 Overview: The pivot point is seen at the point of 0.7294. The NZD/USD pair is still continuing to move up-wards from the level of0.7294 and 0.7436. The level of 0.7294 represents the everyday pivot point in the H4 timespan. The set increased from the level of 0.7294 to a leading around 0.7375. Now, the rate is moving around the level of 0.7375. Also, it must be noted that the resistances levels are depends on 0.7375 and 0.7436, while day-to-day assistance 1 is seen at 0.7294(50 % Fibonacci retracement). According to the previous events, the NZD/USD pair is still moving between the levels of 0.7294 and 0.7436; so we expect a series of 142 pips. Furthermore, if the pattern is able to break out through the first resistance level at 0.7375, we need to see the set climbing up to the double top(0.7436) to test it. Purchase above the level of 0.7300 with the first target at 0.7375 in order to check the daily resistance 1 and even more to 0.7436. Also, it might be kept in mind that the level of 0.7436 is a great place to take revenue because it will form a double top. On the other hand, in case a reversal takes place and the NZD/USD set breaks through the assistance level of 0.7294 , an additional decline to 0.7151 can occur which would indicate a bearish market.The product has been supplied by InstaForex Company-www.instaforex.com

By | April 17, 2018

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Overview:

The pivot point is seen at the point of 0.7294.

The NZD/USD pair is still continuing to move upwards from the level of 0.7294 and 0.7436. The level of 0.7294 represents the daily pivot point in the H4 time frame. The pair rose from the level of 0.7294 to a top around 0.7375.

Right now, the price is moving around the level of 0.7375. Also, it should be noted that the resistances levels are lies in 0.7375 and 0.7436, while daily support 1 is seen at 0.7294 (50% Fibonacci retracement).

According to the previous events, the NZD/USD pair is still moving between the levels of 0.7294 and 0.7436; so we expect a range of 142 pips. Furthermore, if the trend is able to break out through the first resistance level at 0.7375, we should see the pair climbing towards the double top (0.7436) to test it.

Therefore, buy above the level of 0.7300 with the first target at 0.7375 in order to test the daily resistance 1 and further to 0.7436. Also, it might be noted that the level of 0.7436 is a good place to take profit because it will form a double top.

On the other hand, in case a reversal takes place and the NZD/USD pair breaks through the support level of 0.7294, a further decline to 0.7151 can occur which would indicate a bearish market.

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

Jonathon Alexander

Fundamental Analysis of EUR/USD for April 17, 2018 888011000 110888 EUR/USD has been quite impulsive with the bullish gains recently which swallowed up the current bearish pressure with a daily candle light yesterday. The volatility in the EURUSD is still quite high and anticipated to have no guaranteed trend momentum until 1.25 is broken above or 1.21 is broken below. In spite of having even worse economic reports EUR gained great momentum over USD recently which is expected to press greater in the coming days. Today EUR German ZEW Economic Belief report is going to be released which is expected to reduce to -0.8 from the previous positive figure of 5.1, Italian Trade Balance report is expected to show an increase to 2.23 B which previously was at -0.09 B and ZEW Economic Sentiment report is anticipated to decrease to 7.3 from the previous figure of 13.4. On the other hand, today USD Building Allows report is going to be released which is anticipated to increase to 1.33 M from the previous figure of 1.30 M, Housing Starts is also anticipated to increase to 1.27 M from the previous figure of 1.24 M, Capacity Utilization Rate is expected to have slight reduction to 77.9% from the previous worth of 78.1% and Industrial Production report is expected to reduce to 0.3% from the previous worth of 1.1%. Today FOMC Member Williams and Quarles is going to speak about the nation’s interest rate and financial policy which is anticipated to be neutral in nature. As of the current circumstance, both currencies in the set is expected to have blended economic outcomes today and today there is no further high impact financial reports or occasions to press the price into a certain trend however as the EUR is quite stronger in comparison to USD with the market sentiment, further bullish momentum is anticipated after particular retracement along the method in the coming days.Now let uslook at the technical view. The rate is presently residing above 1.2350 which was recently broken listed below with a day-to-day close revealing excellent proof of cost case lower. As of the other day, after having a daily close above 1.2350 does symbolize previous bearish move as an incorrect break which is presently anticipated to push the cost much greater in the coming days with the target to 1.2450-1.25 rate area. As the rate remains above 1.2350 location, the more bullish pressure is expected in this pair. The product has actually been offered by InstaForex Business-www.instaforex.com

By | April 17, 2018

EUR/USD has been quite impulsive with the bullish gains recently which engulfed the recent bearish pressure with a daily candle yesterday. The volatility in the EURUSD is still quite high and expected to have no definite trend momentum until 1.25 is broken above or 1.21 is broken below. Despite having worse economic reports EUR gained good momentum over USD recently which is expected to push higher in the coming days. Today EUR German ZEW Economic Sentiment report is going to be published which is expected to decrease to -0.8 from the previous positive figure of 5.1, Italian Trade Balance report is expected to show an increase to 2.23B which previously was at -0.09B and ZEW Economic Sentiment report is expected to decrease to 7.3 from the previous figure of 13.4. On the other hand, today USD Building Permits report is going to be published which is expected to increase to 1.33M from the previous figure of 1.30M, Housing Starts is also expected to increase to 1.27M from the previous figure of 1.24M, Capacity Utilization Rate is expected to have slight decrease to 77.9% from the previous value of 78.1% and Industrial Production report is expected to decrease to 0.3% from the previous value of 1.1%. Moreover, today FOMC Member Williams and Quarles is going to speak about the nation’s interest rate and monetary policy which is expected to be neutral in nature. As of the current scenario, both currencies in the pair is expected to have mixed economic results today and this week there is no further high impact economic reports or events to push the price into a definite trend but as the EUR is quite stronger in comparison to USD with the market sentiment, further bullish momentum is expected after certain retracement along the way in the coming days.

Now let us look at the technical view. The price is currently residing above 1.2350 which was recently broken below with a daily close showing good evidence of price proceeding lower. As of yesterday, after having a daily close above 1.2350 does signify previous bearish move as a false break which is currently expected to push the price much higher in the coming days with the target towards 1.2450-1.25 price area. As the price remains above 1.2350 area, the further bullish pressure is expected in this pair.

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

Jonathon Alexander

GBP/JPY Approaching Resistance, Get Ready For a Reversal

By | April 17, 2018

GBP/JPY is approaching its resistance at 153.90 (76.4% Fibonacci retracement, several swing high resistance)where we anticipate prices to be up to its assistance at 152.13(23.6%Fibonacci retracement, horizontal overlap assistance).

Stochastic (89, 5, 3) is approaching its resistance at 98% where we expect to see a comparable reversal.

Offer below 153.90. Stop loss at 154.57. Take earnings at 152.13.

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

Jonathon Alexander

USD/JPY Broke Out Of Its Ascending Assistance, Stay Bearish

By | April 17, 2018

USD/JPY broke out of its rising support where we seek to sell on strength at 107.142. We expect rates to push down all the way to its assistance at 106.649(38.2 % Fibonacci retracement, horizontal overlap assistance).

RSI (55) shows a matching break out where we anticipate to see a similar drop.

Sell below107.142. Stop loss at 107.341. Take earnings at 106.649.

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

Jonathon Alexander

Technical analysis of USD/JPY for April 16, 2018 888011000 110888 USD/JPY is anticipated to trade with bearish outlook. The pair has actually returned to levels above both the 20-period and 50-period moving averages, however remains capped by the essential resistance at 107.65. On the other hand, the relative strength index has gone back to levels above the neutrality level of 50, suggesting that upward momentum could push the pairgreater. As long as the key resistance at 107.65 is not gone beyond, intraday bearishness persists, and the pair might draw back to 107.05 on the downside.Chart Description: The black line shows the pivot point. Today price above the pivot point suggests a bullish position, and the rate listed below the pivot point indicates a short position. The red lines reveal thesupport levels, and the green line indicates the resistance levels. These levels can be used to leave and go into trades.Strategy:SELL, stop loss at 107.65, take earnings at 107.05.Resistance levels: 107.80, 108, and 108.50 Support levels: 107.05, 106.80, and 106.50. The material has been supplied by InstaForex Company-www.instaforex.com

By | April 16, 2018

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USD/JPY is expected to trade with bearish outlook. The pair has returned to levels above both the 20-period and 50-period moving averages, but remains capped by the key resistance at 107.65. Meanwhile, the relative strength index has returned to levels above the neutrality level of 50, indicating that upward momentum could push the pair higher. As long as the key resistance at 107.65 is not surpassed, intraday bearishness persists, and the pair could pull back to 107.05 on the downside.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point 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.

Strategy: SELL, stop loss at 107.65, take profit at 107.05.

Resistance levels: 107.80, 108, and 108.50

Support levels: 107.05, 106.80, and 106.50.

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

Jonathon Alexander

Technical analysis of USD/CHF for April 16, 2018 888011000 110888 USD/CHF is expected to trade with bullish outlook. The pair broke and pulled away below its 20-period and 50-period moving averages. In addition, the death cross between 50-period and 20-period moving averages has actually been recognized. The relative strength index is below it neutrality level at 50. As long as 0.9640 holds on the benefit, a more decline to 0.9580 and even to 0.9550 seems more likely to occur.Chart Description: The black line reveals the pivot point. Today price above the pivot point suggests a bullish position, and the rate below the pivot point indicates a brief position. The red lines show the support levels, and the green line shows the resistance levels . These levels can be used to enter and exit trades.Method: SELL, stop loss at 0.9640, take profit at 0.9580. Resistance levels: 0.9670, 0.9695, and 0.9740 Support levels: 0.9580, 0.9550, and 0.9500. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | April 16, 2018

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USD/CHF is expected to trade with bullish outlook. The pair retreated and broke below its 20-period and 50-period moving averages. In addition, the death cross between 20-period and 50-period moving averages has been identified. The relative strength index is below it neutrality level at 50. Therefore, as long as 0.9640 holds on the upside, a further decline to 0.9580 and even to 0.9550 seems more likely to occur.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point 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.

Strategy: SELL, stop loss at 0.9640, take profit at 0.9580.

Resistance levels: 0.9670, 0.9695, and 0.9740

Support levels: 0.9580, 0.9550, and 0.9500.

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

Jonathon Alexander

Technical analysis of GBP/JPY for April 16, 2018 888011000 110888 GBP/JPY is expected to trade with a bullish outlook. The set rebounded from 152.60 and broke above its 20-period and 50-period moving averages. The relative strength index is bullish and calls for a more upside. To conclude, as long as 152.60 hangs on the drawback, try to find a new rise with targets at 152.35 and 151.90 in extension.Chart Explanation: The black line reveals the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it stays listed below the pivot point, it will suggest short positions. The red lines show the assistance levels, while the green line suggests the resistance levels. These levels can be used to leave and enter trades.Resistance levels: 153.85, 154.25, and 155 Support levels: 152.35, 151.90, and 151.00. The material has actually been provided by InstaForex Company-www.instaforex.com

By | April 16, 2018

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GBP/JPY is expected to trade with a bullish outlook. The pair rebounded from 152.60 and broke above its 20-period and 50-period moving averages. The relative strength index is bullish and calls for a further upside. To conclude, as long as 152.60 holds on the downside, look for a new rise with targets at 152.35 and 151.90 in extension.

Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 153.85, 154.25, and 155

Support levels: 152.35, 151.90, and 151.00.

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

Jonathon Alexander

International macro introduction for 16/04/2018

By | April 16, 2018

Contrary to the&bulk of the marketplace participants expectations, the S&P score agency chose to increase the outlook for Poland’s ranking from stable to positive. The agency expects a strong growth of the economy in 2018 in view of solid external demand, generous transfers from the EU and the strength of the structures of the Polish economy. The modification also points to the growing conviction that reforms of the tax administration have produced a nonreligious boost in public incomes at the level of about 0.5% of GDP. The latter problem might have exceeded the modification in the ranking, in spite of maintaining the viewpoint on the presence of a number of risks, including an increase in the financial pressure on the part of the diminishing and aging working-age population.Let’s now have a look at the EUR/PLN technical picture at the H4 time frame. The pair stability this morning suggests that a part of the PLN strengthening at the end of last week could be matched by the positioning of investors in the event of a modification of the outlook, as an outcome of which the continuation of the conditioning is not certain. The marketplace has slipped to the parallel channel lower line around the level of 4.16, which is as well the technical support for the price. The market conditions look oversold, so the bounce to the closest technical resistance is possible quickly. The PLN stays reliant on variations in external belief and the current improvement in belief is favorable to EUR/PLN slippage, although, in the broader point of view, the market is not plainly visible.

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

Jonathon Alexander