Technical analysis of GBP/JPY for May 17, 2018 888011000 110888 The GBP/JPY at 4-Hour Charts seem currently making higher highs and greater lows after the MACD Divergence with the cost however this set now getting struggles with the Support End up being Resistance level at 149.11 occasions now this pair already breakout above those level now the GBP/JPY must evaluate the 149.11 level initially as their new Assistance before they can increase, this condition currently validated by the William %R(14)currently at Overbought side. This set in a brief time way will be going down to test the 149.11 level.(Disclaimer )The product has been offered by InstaForex Company-www.instaforex.com

By | May 17, 2018

analytics5afcfd7ed8f3a.jpg

The GBP/JPY at 4-Hour Charts seem already making higher highs and higher lows after the MACD Divergence with the price but this pair now getting struggles with the Support Become Resistance level at 149.11 events now this pair already breakout above those level now the GBP/JPY must test the 149.11 level first as their new Support before they can go up, this condition already confirmed by the William %R(14) already at Overbought side. So this pair in a short time manner will be going down to test the 149.11 level.

(Disclaimer)

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

Jonathon Alexander

NZD/USD Revenue Target Reached Completely, Prepare For A Drop

By | May 17, 2018

The rate shot up perfectly and reached our profit target. We prepare to offer below significant resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance)for a drop to major assistance at 0.6855(Fibonacci extension, horizontal swing low support).

Stochastic (89,5,3) is seeing major resistance listed below 90% where a corresponding reaction might occur.Sell listed below 0.6905. Stop loss at 0.6935. Take profit at 0.6855.

analytics5afcfc0d41e42.png The material has actually been provided by InstaForex Business – www.instaforex.com

Jonathon Alexander

Technical analysis of CAD/JPY for May 17, 2018 888011000 110888 If we take a look at the 4-hour charts at the CAD/JPY We can see clearly the Divergence in between MACD with the rate, normally as high as possible this pair will get a correction a minimum of to test the Resistance become Assistance level at the 85.71 level this condition is confirmed to by the William%R(14)already at Overbought Condition.(Disclaimer)The product has been provided by InstaForex Company-www.instaforex.com

By | May 17, 2018

analytics5afcfaece7a08.jpg

If we look at the 4-hour charts at the CAD/JPY We can see clearly the Divergence between MACD with the price, usually as high as possible this pair will get a correction at least to test the Resistance become Support level at the 85.71 level this condition is confirmed to by the William %R(14) already at Overbought Condition.

(Disclaimer)

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

Jonathon Alexander

Technical analysis of USD/JPY for May 16, 2018 888011000 110888 All our benefit targets which we anticipated in our previous analysis have actually been hit. The set keeps trading on the benefit targeting the overhead resistance at 110.45( around the high of yesterday, Might 15 ). Intraday bullishness is kept by those well-directed technical indications, consisting of the 20-period, 50-period moving averages and the relative strength index. Upon crossing 110.45, the next benefit target at 110.70 would enter sight. The trailing essential support has actually been raised to the psychologically significant level of 109.80, losing which would call for a further decrease towards 109.60. Chart Description: The black line reveals the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point suggests a short position. The red lines reveal the support levels, and the green lineshows the resistance levels. These levels can be used to get in andleave trades.Strategy: BUY, stop loss at 109.80, take profit at 110.45. Resistance levels: 110.45, 110.70, and 111.00 Assistance levels: 109.60, 109.40, and 109.00 . The product has actually been provided by InstaForex Company-www.instaforex.com

By | May 16, 2018

analytics5afc36d1ab2e3.png

All our upside targets which we predicted in our previous analysis have been hit. The pair keeps trading on the upside targeting the overhead resistance at 110.45 (around the high of yesterday, May 15). Intraday bullishness is maintained by those well-directed technical indicators, including the 20-period, 50-period moving averages and the relative strength index. Upon crossing 110.45, the next upside target at 110.70 would come into sight. The trailing key support has been raised to the psychologically significant level of 109.80, losing which would call for a further decline toward 109.60.

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: BUY, stop loss at 109.80, take profit at 110.45.

Resistance levels: 110.45, 110.70, and 111.00

Support levels: 109.60, 109.40, and 109.00.

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

Jonathon Alexander

Everyday analysis of EUR/JPY for May 16, 2018 888011000 110888 EUR/JPYAs it was anticipated earlier this week, and restated on Tuesday, the EUR/JPY cross has produced a bearish signal, which has cancelled the recent bullish effort in the market (for the bullish effort merely proffered opportunity to go long). The need zone at 129.50 is now being checked. There is a Bearish Confirmation Pattern in the market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. More bearish motion is expected, which would move cost to the need zones at 129.00 and 128.50. The material has been offered by InstaForex Company-www.instaforex.com

By | May 16, 2018

EUR/JPY

As it was forecasted earlier this week, and reiterated on Tuesday, the EUR/JPY cross has generated a bearish signal, which has cancelled the recent bullish effort in the market (for the bullish effort simply proffered opportunity to go long). The demand zone at 129.50 is now being tested.

analytics5afc3468daf5b.png

There is a Bearish Confirmation Pattern in the market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. Further bearish movement is anticipated, which would propel price towards the demand zones at 129.00 and 128.50.

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

Jonathon Alexander

Day-to-day analysis of USD/JPY for May 16, 2018 888011000 110888 USD/JPYThe predisposition on this set is bullish– and the trend is now in a strong position. The need level at 110.00 has been breached to the advantage, and while there is a presently a shallow bearish retracement in the market, cost is now targeting at the need level at 110.50. There is presently a Bullish Confirmation Pattern in the market, which has actually become stronger as an outcome of the surge in the bullish motion. For this rally to be sustained, there is a requirement for continuous buying pressure in the market. The material has been offered by InstaForex Company -www.instaforex.com

By | May 16, 2018

USD/JPY

The bias on this pair is bullish – and the trend is now in a strong position. The demand level at 110.00 has been breached to the upside, and while there is a currently a shallow bearish retracement in the market, price is now aiming at the demand level at 110.50.

analytics5afc33fa4917b.png

There is currently a Bullish Confirmation Pattern in the market, which has become stronger as a result of the surge in the bullish movement. For this rally to be sustained, there is a need for continuous buying pressure in the market.

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

Jonathon Alexander

BITCOIN Analysis for May 16, 2018 888011000 110888 Bitcoin has actually been varying between the support area of $8,000 to $8,500 for a while now where the bullish predisposition still exists in the market. After the current rejection of the bears off the $8,500 area, there were particular possibilities that the rate will be proceeding greater towards $10,000, but at the next day, the price collapsed listed below it with a daily close. As there was no major basic to speed up the bullish gains in Bitcoin, NASDAQ took interest in Bitcoin which is expected to strengthen the gains in the coming days. As of the present situation, the cost is still being held by the Kumo Cloud quite well above the $8,000 location which is anticipated to press higher once it clears above $9,000 with an everyday close. As the cost stays above the $8,000 location, more bullish pressure is anticipated in Bitcoin in future. The product has actually been offered by InstaForex Business-www.instaforex.com

By | May 16, 2018

Bitcoin has been ranging between the support area of $8,000 to $8,500 for a while now where the bullish bias still exists in the market. After the recent rejection of the bears off the $8,500 area, there were certain possibilities that the price will be proceeding higher towards $10,000, but at the next day, the price collapsed below it with a daily close. As there was no major fundamental to accelerate the bullish gains in Bitcoin, NASDAQ took interest in Bitcoin which is expected to strengthen the gains in the coming days. As of the current scenario, the price is still being held by the Kumo Cloud quite well above the $8,000 area which is expected to push higher once it clears above $9,000 with a daily close. As the price remains above the $8,000 area, further bullish pressure is expected in Bitcoin in future.

analytics5afc19fa33d73.png

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

Jonathon Alexander

Worldwide macro overview for 16/05/2018

By | May 16, 2018

The international investors are significantly concerned about the state of the 17th economy in the world. On Wednesday morning the Turks had to pay nearly 4.50 lira for one dollar, which is more than 1%more than the day in the past. At the start of the year, the American currency was less than 3.80 lira. This indicates that in 2018, the lira lost over 15% of its value against the United States dollar. The euro rate rose to 5.31 lira and also set a historic maximum.At midday, the Central Bank of the Republic of Turkey(CBRT)issued a brief statement with the following material

:” The CBRT closely keeps an eye on the unhealthy price movements in the markets. Necessary actions will be taken, also in relation to the effect of these events on inflation potential customers. “If it appears proper, the market might translate this as a signal that CBTR is ready to make an emergency interest rate increase. As an outcome, the dollar exchange rate fell from 4.50 to approx. 4.42 lira within a dozen approximately minutes.The”depreciation spiral”where the Turkish currency has actually fallen is largely the outcome of the dreadful economic policy pursued on the Bosphorus. The Turkish central bank can not (or does not want)tame the galloping, going beyond 10%per year, rate inflation. A rapidly growing imbalance in the current account, which currently exceeds the equivalent of 6%of GDP, is now another issue for the Turkish economy. Under such conditions, a professional and independent central bank certainly raises rates of interest to stop a harmful credit boom. However the monetary authorities of Turkey can refrain from doing it, since the president who exercises practically the Sultan’s guideline is a sworn enemy of high-interest rates. Recep Tayyip Erdogan has a somewhat strange view that high rates are driving inflation.On Tuesday, Erdogan revealed that after winning the elections scheduled for June 24(in that they will win, probably nobody doubts), he will still broaden its impact on economic policy, which might deprive the central bank of the remaining liberty in forming interest rates at all.Let’s now have a look at the USD/TRY technical photo at the H1 amount of time after the CBRT verbal intervention was made. The rate fell sharply from the level of 4.5011 to the lows around the level of 4.4043 however did not break listed below the technical support

at the level of 4.3732. This level is a short-term key for additional devaluation of the United States dollar. The next crucial technical support is seen at the level of 4.2189. Undoubtedly, the marketplace conditions are extremely overbought and there is a clear bearish divergence between the price and the momentum oscillator, which in addition support the bearish short-term outlook. The material has actually been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander

NZD/USD Intraday technical levels and trading recommendations for May 16, 2018 888011000 110888 The rate zone of 0.7320-0.7390stood as a significant supply zone during current bullish pullback. The bulls failed to execute a successful Bullish breakout above 0.7400 throughout the previous week’s consolidations.The NZD/USD set had been trapped in between the rate levels of 0.7170 and 0.7350 until bearish breakdown of 0.7200 happened Yesterday.Since April 13, considerable bearish pressure has been used. This most likely turns the short-term outlook forthe NZD/USD set into bearish giving considerable significance to the multiple-top turnaround pattern.That’s why, bearish breakdown of 0.7220-0.7170(neckline zone )was needed to validate the depicted reversal pattern.Bearish target levels around 0.7050 and 0.7000 have actually been achieved already.The bearish scenario needs obvious bearish determination below 0.7050 to keep considerable bearish momentum to 0.6860 and 0.6820. That’s why, the cost level of 0.7050 is currently thought about a key-level for the NZD/USD bears.Any bullish breakout above the rate level of 0.7050 hinders additional bearish decline enabling bullish pullback to occur to 0.7170-0.7220. This will probably permit conservative pattern traders to wait for a bullish pullback towards the cost zone of 0.7220-0.7170 (neckline zone) (considerable supply zone) for a valid SELL entry.S/L must be positioned above 0.7260. On the other hand, If bearish momentum continues, the rate zone of 0.6820-0.6780 should be watched for bullish rejection and a valid BUY entry.The material has been provided by InstaForex Company-www.instaforex.com

By | May 16, 2018

analytics5afbf413526f2.png

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 Yesterday.

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.

This will probably allow conservative trend traders to wait for a bullish pullback towards the price zone of 0.7220-0.7170 (neckline zone) (significant supply zone) for a valid SELL entry. S/L should be placed above 0.7260.

On the other hand, If bearish momentum persists, the price zone of 0.6820-0.6780 should be watched for bullish rejection and a valid BUY entry.

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

Jonathon Alexander

Technical analysis and trading suggestions for the NZDUSD currency pair since May 15, 2018 888011000 110888 NZDUSD currency pair continued its bearish rally, where, to date, already acquired by more than 500 points during 4 weeks. The Bears press the market, to the levels (0.7000, 0.6890), which numerous buyers saw as pivot points, decreased, and the quotes rise even more, where before it is a six-month low, showing the range of 0.6820/ 0.9780. The pair is overheated, and no one argues with this, however so far the descending interest stays and it will continue the stated course. Where is the point of assistance hiding? – there is no exact answer. Purchasers are hoping for a series of 0.6820/ 0.9780, but even near it, it deserves taking a look at clear decelerations and the resumption of “bullish” interest, before hurrying into long positions.Key Levels Resistance zones: 0.7000; 0.7180; 0.7250 * 0.7340 *. Support zones: 0.6820; 0.6700 *;0.6580. * Regular level< img width ="450″src=” http://qkfx.com/wp-content/uploads/2018/05/technical-analysis-and-trading-recommendations-for-the-nzdusd-currency-pair-as-of-may-15-2018.png”alt=”analytics5afaddfc24635.png”/ > Please note: Predictions are not a direct overview of action!The material has actually been supplied by InstaForex Business -www.instaforex.com

By | May 16, 2018

NZDUSD currency pair continued its bearish rally, where, to date, already gained by more than 500 points over the course of four weeks. The Bears press the market, to the levels (0.7000, 0.6890), which many buyers saw as pivot points, declined, and the quotes rise further, where before it is a six-month low, reflecting the range of 0.6820/0.9780. The pair is overheated, and no one argues with this, but so far the descending interest remains and it will continue the said course. Where is the point of support hiding? – there is no exact answer yet. Buyers are hoping for a range of 0.6820/0.9780, but even near it, it is worth looking at clear decelerations and the resumption of “bullish” interest, before rushing into long positions.

Key Levels

Resistance zones: 0.7000; 0.7180; 0.7250 * 0.7340 *.

Support zones: 0.6820; 0.6700 *; 0.6580.

* Periodic level

analytics5afaddfc24635.png

Please note: Predictions are not a direct guide to action!

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

Jonathon Alexander