The currency set of EUR/ USD waiting on a roller coaster

By | December 7, 2018

The foreign exchange market on the eve battled info negatives USD/ JPY was up to the new monthly minimum, and the stock exchange decreased, United States properties suffered the most. Earlier today, no one might have imagined that United States indices would test October lows. So, the Dow Industrial Average lost more than 750 points in the trading on Thursday.Now, traders have focused on the monetary policy of the Fed. The topic of the trade dispute in between the US and the PRC went into the background after the presidents exchanged curtsies.The derivatives market estimates at 34

%the possibility of preserving the federal funds rate at the present level in 2019, the danger of one tightening at 36 %, four, at irrelevant 4%. Judging by the”pigeon”rhetoric of the FOMC representatives, it can not be any other way. Thus, the head of the Atlanta Federal Reserve Bank Raphael requires care, his coworker from Dallas, Robert Kaplan, stated the need for persistence, and the head of the Federal Reserve Bank of New York City, John Williams, discusses a soft landing. The primary task of the regulator, according to them, need to be to smooth the effect of the fall in financial growth rates after reaching peak values this year.At the very same time, Jerome Powell, nearly prior to the publication of the labor market report, focuses on his strength, and an unanticipated positive from service activity in the non-manufacturing sector of the country raises doubts about the anticipated downturn in United States GDP in the fourth quarter.Contradictions between FOMC members and the indicators of the derivatives market, on the one hand, and strong data, on the other, force big banks to publish forecasts that differ considerably. For instance, JPMorgan, Goldman Sachs, Barclays BARC, BofA Merrill Lynch are extremely positive, expecting as many as 4 rate boosts over the next year. According to quotes by Morgan Stanley, Citigroup and Societe Generale, policy tightening will be held 2 times a year.Impressive employment figures in the United States for November ought to increase the opportunities of 2-3 rate hikes in the new year. At the exact same time, the belief of market individuals in decreasing the United States economy is growing more powerful every day, and strong stats on the labor market will allow large financiers to dump a dollar when everybody grabs it like hot cakes.The frustrating United States non-farm employment report, unemployment, and incomes will definitely result in buying EUR/ USD on resistance breaks at 1.1425 and 1.1445. Favorable, with a high degree of probability, will allow the primary set to quickly roll down from the mountain. The product has been supplied by InstaForex Company-www.instaforex.com

Jonathon Alexander

Bitcoin analysis for December 07, 2018 888011000 110888 Trading suggestions: According to the M15 time-frame, I discovered that BTC has been trading downwards. The cost evaluated the level of$3.263. I likewise discovered that BTC is trading in the debt consolidation channel(a bearish flag ), which is a potential re-distribution zone for more downside movement. My guidance is to look for a breakout of the assistance trendline to confirm additionaldown extension. The downward target is set at the rate of$2.961. Support/Resistance$ 3.380– Intraday resistance$ 3.263– Intraday assistance$2.961– Objective target 1 With InstaForex you can earn on cryptocurrency’s movements today. Just open a handle your MetaTrader4.The material has been supplied by InstaForex Business-www.instaforex.com

By | December 7, 2018

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Trading recommendations:

According to the M15 time – frame, I found that BTC has been trading downwards. The price tested the level of $3.263. I also found that BTC is trading in the consolidation channel (a bearish flag), which is a potential re-distribution zone for more downside movement. My advice is to watch for a breakout of the support trendline to confirm further downward continuation. The downward target is set at the price of $2.961.

Support/Resistance

$3.380– Intraday resistance

$3.263– Intraday support

$2.961 – Objective target 1

With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.

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

Jonathon Alexander

USD/CAD analysis for December 07, 2018 888011000 110888 Recently, the USD/CAD pair has actually been trading upwards. The cost tested the level of 1.3444. Anyhow, according to the H4 time– frame, I have actually discovered that price went above the Keltner upper band(overbought conditions )and after that it moved back inside the Keltner channel, which is an indication that buying looks risky. I have likewise found a hidden bearish divergence on the LBR oscillator, which is anotther signof weakness. Watch for selling opportunities. The down targets are set at the rate of 1.3335 and at the cost of 1.3250. The product has been supplied by InstaForex Company -www.instaforex.com

By | December 7, 2018

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Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3444. Anyway, according to the H4 time – frame, I have found that price went above the Keltner upper band (overbought conditions) and then it moved back inside the Keltner channel, which is a sign that buying looks risky. I have also found a hidden bearish divergence on the LBR oscillator, which is anotther sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 1.3335 and at the price of 1.3250.

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

Jonathon Alexander

GBP/USD analysis for December 07, 2018 888011000 110888 Just recently, the GBP/USD pair has been trading sideways at the price of 1.2765. According to the M15 time– frame, I found out that rate is trading above the day-to-day pivot(1.2764), which is a sign that offering looks risky. I likewise discovered on the point and figure chart that there is a triple leading formation produced, which is another indication of strength.My advice is to expect purchasing opportunities. The upward targets are set at the cost of 1.2826(resistance 1)and at he price of 1.2875(resistance 2). The product has been provided by InstaForex Company-www.instaforex.com

By | December 7, 2018

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Recently, the GBP/USD pair has been trading sideways at the price of 1.2765. According to the M15 time – frame, I found out that price is trading above the daily pivot (1.2764), which is a sign that selling looks risky. I also found on the point and figure chart that there is a triple top formation created, which is another sign of strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.2826 (resistance 1) and at he price of 1.2875 (resistance 2).

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

Jonathon Alexander

GBP/ USD pair: prepare for the US session on December 7. Pound traded in a narrow range

By | December 7, 2018

To open long positions on the GBP/ USD set, you need: The circumstance on the pound has not changed much. The formation of an incorrect breakdown in the area of 1.2752 caused a return in need for the pound. The main job is to break through and repair above 1.2798 resistance, which will lead to an upgrade of the larger 1.2833 border, where I advise taking profits. The entire focus will be on data on the United States labor market, as well as news on Brexit from the UK Parliament, which may appear at any time. When it comes to a decline listed below the level of 1.2752, it is best to go back to long positions to rebound from a minimum of 1.2702.

To open brief positions on the GBP/ USD pair, you need:

To open brief positions needs the development of an incorrect breakdown in the location of resistance 1.2798 or return and combination below the assistance level of 1.2752. A great report on the United States labor market will help the bears to thwart the British pound to the lower border of the side channel 1.2702, where I advise taking earnings. In the case of a pair above the resistance level of 1.2798 in the 2nd half of the day, the pound can be cost a rebound from the optimum of 1.2833 and 1.2868, where the variety of sellers is more focused.

Indicator signals:

Moving averages

Trade is performed in the area of 30- and 50-day moving averages, which indicates market uncertainty.

Bollinger bands

Bollinger Bands indication volatility decreased. There are no market entry signals.

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Description of indications

MA (moving average) 50 days – yellow

MA (moving average) 1 month – green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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

Jonathon Alexander

EUR/ USD set: prepare for the US session on December 7. The marketplace is waiting

By | December 7, 2018

To open long positions on EUR/ USD set, you need: There are no severe brand-new information, and the Eurozone GDP report did not cause a modification in the market circumstance. Traders paused prior to an important report on the variety of people used outside the agricultural sector. Purchasing requires the formation of a false breakdown in the area of 1.1360, with an exit and fixation above the resistance of 1.1388, where I suggest taking revenues. In the case of a breakthrough and combination below the assistance of 1.1360, it is best to return to long positions to rebound from the lower limit of the side channel 1.1324. Nevertheless, much will depend in the afternoon on the labor market report.

To open short positions on EUR/ USD pair, you need:

Breakthrough and debt consolidation listed below the assistance of 1.1360 will lead to a bigger sale of the euro with a go back to the region of the lower border of the side channel 1.1324, where I suggest repairing the revenue. When it comes to the euro growth effort, it is best to look at short positions on a false breakdown from resistance level 1.1388 or on a rebound from the ceiling of the side channel 1.1418 versus the background of a weak report on the labor market.

Indicator signals:

Moving averages

Trade is carried out in the area of 30- and 50-day moving averages, which indicates market uncertainty.

Bollinger bands

Bollinger Bands indicator volatility reduced. There are no market entry signals.

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Description of signs

MA (moving average) 50 days – yellow

MA (moving average) thirty days – green

MACD: fast EMA 12, sluggish EMA 26, SMA 9

Bollinger Bands 20

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

Jonathon Alexander

BITCOIN Analysis for December 7, 2018 888011000 110888 Bitcoin market has taken another strong recession recently, leading the rate to live listed below $3,500 location quite impulsively. Bitcoin pushed downwards around 11% on the everyday chart which was anticipated to push towards $4,000 and above just recently according to current changes at the $3,500 support area. The market belief is presently quite bearish with Bitcoin. The digital currency is expected to pullback higher for a specific period and after that sink lower towards $3,000 assistance location in the coming days. Last year at this day, Bitcoin surged greater rather impulsively to tape highs that was likewise anticipated to happen this year by specific speculators. The present formation in the chart recommends that the rate might drop much lower in the brief run. As the cost remains below $4,000 area with an everyday close, the spontaneous bearish pressure is anticipated to continue. SUPPORT: 2,850, 3,000, 3,250RESISTANCE: 3,500, 4,000BIAS: BEARISHMOMENTUM: IMPULSIVE and SLIGHTLY VOLATILE The material has been provided by InstaForex Business-www.instaforex.com

By | December 7, 2018

Bitcoin market has taken another strong downturn recently, leading the price to reside below $3,500 area quite impulsively. Bitcoin pushed downwards around 11% on the daily chart which was expected to push towards $4,000 and above recently as per recent fluctuations at the $3,500 support area. The market sentiment is currently quite bearish with Bitcoin. The digital currency is expected to pullback higher for a certain period and then sink lower towards $3,000 support area in the coming days. Last year at this day, Bitcoin surged higher quite impulsively to record highs that was also predicted to happen this year by certain speculators. However, the current formation in the chart suggests that the price might drop much lower in the short run. As the price remains below $4,000 area with a daily close, the impulsive bearish pressure is expected to continue.

SUPPORT: 2,850, 3,000, 3,250

RESISTANCE: 3,500, 4,000

BIAS: BEARISH

MOMENTUM: IMPULSIVE and SLIGHTLY VOLATILE

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

Jonathon Alexander

U.S.A.: Brexit threatens international finance market

By | December 7, 2018

The two biggest US regulators, the Product Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), are worried about the possible unfavorable repercussions of the exit of Britain from the European Union, which might affect the global financial market.

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The SEC and CFTC called for the UK and the EU to ensure openness and stability throughout Brexit in order to lessen threats for many financial companies. Representatives of both regulators think that Brexit has influenced a number of United States companies and investors. He thinks that the risk to international markets has been undervalued.

According to Jay Clayton, head of the SEC, it will be challenging for the European Union and the UK to smooth out all the “roughness” of the transition duration but it is needed for long-lasting economic stability. Previously, Christopher Giancarlo, chairman of the CFTC, said about the possible instability in the international derivatives market in the middle of Brexit. The Product Futures Trading Commission fears that changing the EU and UK rules on cross-border derivatives transactions will impact the worldwide market for the even worse.

Remember the following Tuesday, December 11, a conversation of the draft arrangement in between London and Brussels will be held in your house of Commons of Great Britain. At the same time, the huge bulk of members of the Conservative Party do not support the plan of Prime Minister Theresa May. Lots of opposition representatives said they would oppose the offer.

Recently, the US Federal Reserve (FRS) voiced the position that Brexit without a deal is a short-term danger for America’s financial system. The Fed thinks that such a circumstance would destroy the cross-border currency contracts and called into question the financial potential customers of the eurozone.

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

Jonathon Alexander

Fundamental Analysis of USD/CHF for December 7, 2018 888011000 110888 USD/CHF has been following the downward bias in light of the positive financial reports from Switzerland, published today, regardless of the FED’s hawkish rhetoric and mixed economic information from the US. Ahead of NFP reports which are due today, USD is anticipated to regain momentum against CHF, leading the rate much greater in the coming days.Federal Reserve Chairman Jerome Powell just recently specified that United States Economy remains on a sound footing. He is especially delighted about the task market. He did not say anything about upcoming interest rate walking which made the market belief rather indecisive. USD/CHF is set to trade with higher volatility ahead of the reports of essential value on the United States market. Today US Average Hourly Earnings report is going to be published which is anticipated to increase to 0.3% from the previous worth of 0.2, Non-Farm Employment Change is expected to reduce to 198k from the previous figure of 250k, and Unemployment Rate is expected to be unchanged at 3.7%. The expectations are combined, the market is very carefully optimistic about USD that may lead to specific gains on the USD side if better-than-expected financial data is published today. On the CHF side, just recently Retail Sales report was published with an increase to 0.8% from the previous value of -2.5% which was expected to be at -0.7%, Manufacturing PMI increased to 57.7 from the previous figure of 57.4 which was anticipated to decrease to 56.3, and CPI contracted to -0.3% from the previous value of 0.2% which was expected to be at -0.1%. Today, Foreign Currency Reserves report was released with a decrease to 749B from the previous figure of 753B.Meantime, CHF has actually found support from the financial reports released today. As an outcome, the marketplace remains in the wait-and-see mode ahead of NFP today. Though NFP reports expectations are blended, much better outcomes might lead to impulsive gains on the USD side which might sustain even more in the future as well.Now let uslook at the technical view. The cost has formed Bullish Divergence while pressing lower with specific corrections while doing so. When it comes to the current rate formation, the price is anticipated to press greater towards 0.9980-1.0050 resistance area in the coming days. As the price remains above 0.9850 area, the bullish bias is expected to continue in spite of any additional pullbacks or volatility in the pair.SUPPORT: 0.9700, 0.9850 RESISTANCE: 0.9980, 1.0050 BIAS: BULLISH MOMENTUM: VOLATILE The product has actually been offered byInstaForex Company -www.instaforex.com

By | December 7, 2018

USD/CHF has been following the downward bias in light of the positive economic reports from Switzerland, published this week, despite the FED’s hawkish rhetoric and mixed economic data from the US. Ahead of NFP reports which are due today, USD is expected to regain momentum against CHF, leading the price much higher in the coming days.

Federal Reserve Chairman Jerome Powell recently stated that US Economy remains on a sound footing. He is especially pleased about the job market. However, he did not say anything about upcoming interest rate hike which made the market sentiment quite indecisive. USD/CHF is set to trade with higher volatility ahead of the reports of crucial importance on the US market. Today US Average Hourly Earnings report is going to be published which is expected to increase to 0.3% from the previous value of 0.2, Non-Farm Employment Change is expected to decrease to 198k from the previous figure of 250k, and Unemployment Rate is expected to be unchanged at 3.7%. Though the expectations are mixed, the market is cautiously optimistic about USD that might lead to certain gains on the USD side if better-than-expected economic data is published today.

On the CHF side, recently Retail Sales report was published with an increase to 0.8% from the previous value of -2.5% which was expected to be at -0.7%, Manufacturing PMI rose to 57.7 from the previous figure of 57.4 which was expected to decrease to 56.3, and CPI contracted to -0.3% from the previous value of 0.2% which was expected to be at -0.1%. Today, Foreign Currency Reserves report was published with a decrease to 749B from the previous figure of 753B.

Meantime, CHF has found support from the economic reports published today. As a result, the market is in the wait-and-see mode ahead of NFP today. Though NFP reports expectations are mixed, better results may lead to impulsive gains on the USD side which might sustain further in the future as well.

Now let us look at the technical view. The price has formed Bullish Divergence while pushing lower with certain corrections in the process. As for the current price formation, the price is expected to push higher towards 0.9980-1.0050 resistance area in the coming days. As the price remains above 0.9850 area, the bullish bias is expected to continue despite any further pullbacks or volatility in the pair.

SUPPORT: 0.9700, 0.9850

RESISTANCE: 0.9980, 1.0050

BIAS: BULLISH

MOMENTUM: VOLATILE

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

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for December 7, 2018 888011000 110888 On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is presently in progress.On the Daily chart, the set has actually been moving sideways with small bearish propensity. Recent bearish debt consolidations have actually been kept within the depicted day-to-day movement channel given that June 2018. On November 13, the EUR/USD demonstrated current bullish recovery around 1.1220-1.1250 where the lower limitation of the channel as well as the illustrated need zone pertained to satisfy the pair.Bullish fixation above 1.1420 is needed to enhance additional bullish motion towards 1.1520.However, the marketplace has demonstrated significant bearish rejection around 1.1420 couple of times so far.The EUR/USD pair remains under bearish pressure below 1.1420. Hence, the set remains trapped between 1.1420 and 1.1270 till breakout happens in either direction.Bullish fixation above 1.1420 is required to improve further bullish development towards 1.1520 and 1.1610. On the other hand, if early bearish breakout listed below 1.1270 is achieved on lower timeframes, a fast bearish decrease ought to be anticipated towards 1.1150-1.1100. The product has actually been offered by InstaForex Business – www.instaforex.com

By | December 7, 2018

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On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.

On the Daily chart, the pair has been moving sideways with slight bearish tendency. Recent bearish consolidations have been maintained within the depicted daily movement channel since June 2018.

On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the pair.

Bullish fixation above 1.1420 is needed to enhance further bullish movement towards 1.1520. However, the market has demonstrated significant bearish rejection around 1.1420 few times so far.

The EUR/USD pair remains under bearish pressure below 1.1420. Thus, the pair remains trapped between 1.1420 and 1.1270 until breakout occurs in either direction.

Bullish fixation above 1.1420 is needed to enhance further bullish advancement towards 1.1520 and 1.1610.

On the other hand, if early bearish breakout below 1.1270 is achieved on lower timeframes, a quick bearish decline should be expected towards 1.1150-1.1100.

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

Jonathon Alexander