EUR/USD analysis for March 31, 2017 888011000 110888 Recently, the EUR/USD pair has actually been trading downwards. The rate checked the level 1.067. Inning accordance with the 30M timespan, I found that cost is trading in the distinct downward channel, which is an indication that purchasing looks dangerous. My guidanceis to look for prospective selling opportunities. The downward target is set at therate of 1.0620. Resistance levels: R1: 1.0745 R2: 1.0770 R3: 1.0810 Assistance levels: S1: 1.0665 S2: 1.0640 S3:1.0600 Trading recommendations for today: expect possible selling opportunities.The product has been supplied by InstaForex Company-www.instaforex.com

By | March 31, 2017

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Recently, the EUR/USD pair has been trading downwards. The price tested the level 1.067. According to the 30M time frame, I found that price is trading in the well-defined downward channel, which is an indication that buying looks risky. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.0620.

Resistance levels:

R1: 1.0745

R2: 1.0770

R3: 1.0810

Support levels:

S1: 1.0665

S2: 1.0640

S3: 1.0600

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Gold analysis for March 31, 2017 888011000 110888 Recently, Gold has actually been trading downwards. As I expected, the rate tested the level$1,239.70. Inning accordance with the 30M amount of time, I discovered that the cost is trading in well-defined down channel, which is an indication that buying looks risky. I also found hidden bearish divergence. Myadvice is to expect prospective selling opportunities. The downward target is set at the price of $1,235.00. Resistance levels: R1:$1,251.35 R2: $1,254.30 R3:$1,259.00 Assistance levels: S1:$1,241.80 S2:$1,238.80 S3:$1,234.00 Trading suggestions for today: look for possible selling opportunities.The product has actually been offered by InstaForex Company-www.instaforex.com

By | March 31, 2017

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Recently, Gold has been trading downwards. As I expected, the price tested the level $1,239.70. According to the 30M time frame, I found that the price is trading in well-defined downward channel, which is a sign that buying looks risky. I also found hidden bearish divergence. My advice is to watch for potential selling opportunities. The downward target is set at the price of $1,235.00.

Resistance levels:

R1: $1,251.35

R2: $1,254.30

R3: $1,259.00

Support levels:

S1: $1,241.80

S2: $1,238.80

S3: $1,234.00

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Trading plan for 31/03/2017

By | March 31, 2017

Trading prepare for 31/03/2017: The end of March is completion of in Japan. USD/JPY fights back above 112.00 and wide index of TOPIX erased all this year’s gains. EUR/USD stays below 1.0007. The marketplace is in low volatility mode, the majority of G-10 currency does not alter the worth to the Dollar. Positive PMI data from China lacked much influence on sentiment. Petroleum is in the phase of correction of significant gains from previous days. The more powerful Dollar and the stabilization of the US debt market have actually brought Gold prices to around $1,240 an ounce.On 31st of

March the event calendar has lots of essential occasions and the market participants will take note of the UK Final GDP and Current Account for 4th quarter data, Eurozone Consumer Rate Index data, and Canadian Gdp, Personal Costs, Personal Income, and Chicago Purchasing Supervisor Index data from the US.GBP/ USD analysis for 31/03/2017:

The UK Final Gross Domestic Product data was worse than prepared for. On the quarter-to-quarter basis the GCP remained in line with expectations at the level of 0.7%, however on a year-to-year basis the number exposed was at the level of 1.9%, while market individuals anticipated 2.0%. For the whole 2016 the GDP was at the level of 1.8%. In the same time, some intriguing comments from the President of European Council Donald Tusk were released. He said that Brexit talks will be hard and sometimes confrontational and EU will not pursue a punitive approach to Brexit. He means to go to Theresa May in London prior to April 29th EU summit.Let’s take an appearance at the GBP/USD technical image at the H4 time frame to see any reaction for the news. The bulls attempted to test the technical resistance at the level of 1.2538, but they stopped working and now the price is decreasing to the next technical support at the level of 1.2377. The general image is neither bullish nor bearish, so the sideway rate action is anticipated today for this market.

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USD/CAD analysis for 31/03/2017: The Gross Domestic Product data are set up for release at 12:30 pm GMT and the international financiers anticipate a constant pace of progression on a month-to-month basis at the level of 0.3% and a decline from 2.0% to 1.8% on a year-to-year basis. If the information are much better than expected, then the Canadian Dollar will appreciate in worth, particularly if the regular monthly GDP are released above 0.5%.

Let’s take a look at the USD/CAD technical image at the H4 timespan prior to the news is published. The market keeps trading sideways between the levels of 1.3263 – 1.3419, so it is clear the market individuals are awaiting the essential trigger in order to break out above/below among these levels. If the information are much better than prepared for, then the technical support at the level of 1.3263 will be checked once again. If the data remain in line with expectations or worse, then the bulls may try to evaluate the technical resistance at the level of 1.3419 and head to the level of 1.3493.

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EUR/USD analysis for 31/03/2017: The Individual Earnings and Personal Costs data are scheduled for release at 12:30 pm GMT today. Personal Income is anticipated to have increased by 0.4% in February and Personal Costs by 0.2%. Personal Income and its development rate is probably the key determinant for the economic outlook today, since it is figured out by Wage Development (released with NFP Payrolls). The bigger wage growth, the better is individual earnings, and people tend to invest more, so the individual costs increases too, which in turn means the economy is in excellent shape.Let’s now take a look at the EUR/USD technical photo at the H4 amount of time prior to the news is released. The market trades in oversold conditions as the price hit the technical assistance at the level of 1.0678. If the news are better than expected, then there is an opportunity for the corrective rally to the level of 1.0714, however if the news turns out to be even worse than expected, then the next technical support is seen at the level of 1.0599.

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

Jonathon Alexander

Technical analysis of USDX for March 31, 2017 888011000 110888 The Dollar index continued its upward bounce the other day extending it to the 50% retracement of the decrease from 102.25. When the rate has actually reached important daily cloud resistance, I continue to favor a bearish turnaround in the index especially now. General I believe that the upside is over or quickly will be finished. The Dollar index is approaching the upper cloud boundary resistance at the 50%Fibonacci retracement. This is resistance area. Up until now short-term pattern stays bullish as the price is making greater highs and greater lows. Short-term assistance is at 100.25 and at 99.70. Next resistance is at the 61.8%Fibonacci level at 101.< img width="450"src=”http://qkfx.com/wp-content/uploads/2017/04/technical-analysis-of-usdx-for-march-31-2017-1.png”alt =”analytics58ddffa9dd88e.png”/ > Blue line-resistance Black line- neckline support Green line -long-term trend line assistance The everyday chart suggests that we might see some more upside today in the Dollar index to the cloud resistance and most likely to the blue down sloping trend line.The Dollar index is expected to make a lower high quickly and reverse downwards. I am focused on offering the US dollar.The product has actually been offered by InstaForex Business-www.instaforex.com

By | March 31, 2017

The Dollar index continued its upward bounce yesterday extending it towards the 50% retracement of the decline from 102.25. I continue to favor a bearish reversal in the index especially now when the price has reached important daily cloud resistance. Overall I believe that the upside is over or soon will be completed.

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The Dollar index is approaching the upper cloud boundary resistance at the 50% Fibonacci retracement. This is resistance area. So far short-term trend remains bullish as the price is making higher highs and higher lows. Short-term support is at 100.25 and at 99.70. Next resistance is at the 61.8% Fibonacci level at 101.analytics58ddffa9dd88e.png

Blue line – resistance

Black line -neckline support

Green line – long-term trend line support

The daily chart suggests that we might see some more upside today in the Dollar index towards the cloud resistance and probably towards the blue downward sloping trend line. The Dollar index is expected to make a lower high soon and reverse downwards. I am focused on selling the US dollar.

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

Jonathon Alexander

Technical analysis of gold for March 31, 2017 888011000 110888 Yesterday Gold continued the pullback and is trading above $1,240 near the 38% Fibonacci retracement of the current increase from $1,194 to $1,261. Short-term pattern is bearish, but it is anticipated to reverse quickly. Red lines -bearish channel The price has entered the 4-hour Ichimoku cloud. This altering trend will back to neutral in the short term.The RSI(5)is informing me that soon we will have an upward reversal. Short-term resistance is at$1,248. Assistance is at$ 1,236. Gold stays above both the weekly tenkan-and kijun-sen. This is a great sign. Nevertheless, the rate has to break above the black downward sloping trend line resistance and above the cloud at$ 1,300-$1,310 in order for the weekly trend to be confirmed bullish.The material has actually been provided by InstaForex Company- www.instaforex.com

By | March 31, 2017

Yesterday Gold continued the pullback and is trading above $1,240 near the 38% Fibonacci retracement of the latest rise from $1,194 to $1,261. Short-term trend is bearish, but it is expected to reverse soon.

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Red lines – bearish channel

The price has entered the 4-hour Ichimoku cloud. This changing trend will back to neutral in the short term. The RSI (5) is telling me that soon we will have an upward reversal. Short-term resistance is at $1,248. Support is at $1,236.

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Gold remains above both the weekly tenkan- and kijun-sen. This is a good sign. However, the price needs to break above the black downward sloping trend line resistance and above the cloud at $1,300-$1,310 in order for the weekly trend to be confirmed bullish.

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

Jonathon Alexander

Technical analysis of EUR/USD for Mar 31, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as Italian Prelim CPI m/m, Core CPI Flash Quote y/y, CPI Flash Estimate y/y, German Unemployment Change, French Prelim CPI m/m, French Customer Spending m/m, and German Retail Sales m/m. The US will release the Economic Data, too, such as Modified UoM Inflation Expectations, Revised UoM Customer Belief, Chicago PMI, Personal Earnings m/m, Individual Spending m/m, and Core PCE Cost Index m/m, so, amid the reports, EUR/USD will move in a low to medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.0738.Strong Resistance:1.0731. Initial Resistance: 1.0721. Inner Offer Location: 1.0711.Target Inner Location: 1.0686.Inner Buy Area: 1.0661.Original Support: 1.0651.Strong Support: 1.0641. Breakout SELL Level: 1.0634. Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of threat, and might not be suitable for all investors. The high degree of leverage can work against you as well as for you. Prior to deciding to invest in foreign exchange you should thoroughly consider your financial investment goals, level of experience, and threat appetite. The possibility exists that you could sustain a loss of some or all of your preliminary financial investment and therefore you must not invest cash that you can not afford to lose. You need to understand all the dangers related to foreign exchange trading, and consult from an independent monetary advisor if you have any doubts.The material has actuallybeen offered by InstaForex Company- www.instaforex.com

By | March 31, 2017

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When the European market opens, some Economic Data will be released, such as Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, German Unemployment Change, French Prelim CPI m/m, French Consumer Spending m/m, and German Retail Sales m/m. The US will release the Economic Data, too, such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index 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: 1.0738.

Strong Resistance:1.0731.

Original Resistance: 1.0721.

Inner Sell Area: 1.0711.

Target Inner Area: 1.0686.

Inner Buy Area: 1.0661.

Original Support: 1.0651.

Strong Support: 1.0641.

Breakout SELL Level: 1.0634.

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 Mar 31, 2017 888011000 110888 In Asia, Japan will launch the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, Tokyo Core CPI y/y, National Core CPI y/y, Family Spending y/y data, and the US will release some Economic Data, such as Revised UoM Inflation Expectations, Revised UoM Customer Belief, Chicago PMI, Personal Earnings m/m, Individual Costs m/m, and Core PCE Price Index m/m. , there is a possibility the USD/JPY will move with low to medium volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.61.Resistance. 2: 112.39. Resistance. 1: 112.17. Support. 1: 111.90. Assistance. 2: 111.68. Support. 3: 111.46. Disclaimer: Trading Forex(forex)on margin carries 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 buy foreign exchange you should carefully consider your investment objectives, level of experience, and threat cravings. The possibility exists that you might sustain a loss of some or all your initial financial investment and therefore you ought to not invest cash that you can not manage to lose. You ought to understand all the threats related to foreign exchange trading, and seek advice from an independent financial consultant if you have any doubts.The material has actually been supplied by InstaForex Company-www.instaforex.com

By | March 31, 2017

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In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, Tokyo Core CPI y/y, National Core CPI y/y, Household Spending y/y data, and the US will release some Economic Data, such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 112.61.

Resistance. 2: 112.39.

Resistance. 1: 112.17.

Support. 1: 111.90.

Support. 2: 111.68.

Support. 3: 111.46.

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 Industrial Production Climbs 2.0% On Month In February

By | March 31, 2017

Commercial output in Japan jumped 2.0 percent on month in February, the Ministry of Economy, Trade and Market said on Friday.

That topped expectations for an increase of 1.2 percent following the 0.4 percent decline in January.

On a yearly basis, output jumped 4.8 percent – again surpassing expectations for 3.9 percent and up from 3.7 percent in the previous month.

Upon the release of the information, the METI preserved its assessment of commercial production, saying that movement is picking up.

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

Jonathon Alexander