USD/CAD intraday technical levels and trading recommendations for February 17, 2017 888011000 110888 The USD/CAD pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which was successful to use adequate bearish pressure on the pair.Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week showing strong resistance around 1.3550. Bearish persistence listed below the rate level of 1.3300(50%Fibonacci Level)was achieved.This allowed an additional decline toward 1.3200 and 1.3080 (the lower limit of the illustrated channel )where bullish rejection was expressed as anticipated.A bullish breakout above 1.3360(50%Fibonacci level)was expected to permit a furtheradvance towards 1.3700-1.3750(the ceiling of the portrayed channel). Considerable bearish rejection was revealed around 1.3580(current recognized top ). The cost level of 1.3300(50%Fibonacci Level )failed to offer sufficient support for the current bearish pullback.That is why the recent bearish pullback towards 1.2970(61.8% Fibonacci level)used a legitimate BUY entry as anticipated in previous articles.This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to boost bullish advance towards 1.3440 and 1.3550. Otherwise, the USD/CADpair remains trapped within the present consolidation range (1.2970-1.3300). On the other hand, DAILY closurelisted below 1.2970 (61.8 %Fibonacci level)will confirm a double-top pattern with forecasted bearish targets at 1.2860, 1.2730, and 1.2600. The material has been supplied by InstaForex Business -www.instaforex.com

By | February 17, 2017

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The USD/CAD pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair.

Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550.

Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was achieved.

This allowed a further decline toward 1.3200 and 1.3080 (the lower limit of the depicted channel) where bullish rejection was expressed as anticipated.

A bullish breakout above 1.3360 (50% Fibonacci level) was expected to allow a further advance toward 1.3700-1.3750 (the upper limit of the depicted channel). However, significant bearish rejection was expressed around 1.3580 (recent established top).

The price level of 1.3300 (50% Fibonacci Level) failed to provide enough support for the recent bearish pullback.

That is why the recent bearish pullback toward 1.2970 (61.8% Fibonacci level) offered a valid BUY entry as expected in previous articles.

This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.2970-1.3300).

On the other hand, DAILY closure below 1.2970 (61.8% Fibonacci level) will confirm a double-top pattern with projected bearish targets at 1.2860, 1.2730, and 1.2600.

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

Jonathon Alexander

NZD/USD intraday technical levels and trading suggestions for February 17, 2017 888011000 110888 On December 16, the price level of 0.6990 failed to apply enough bullish pressure.Instead, bearish motion continued towards the lower limit of the portrayed BUY zone(0.6860 )which supplied significant bullish rejection on December 23. The NZD/USD set was trapped within the illustrated rate variety (0.6860-0.6990)till a bullish breakout occurred.A bullish breakout above 0.7000 enabled the setto head towards the price level of 0.7100(Key level)which failed to provide enough bearish pressure on the pair.Bullish perseverance above 0.7100 allowed further bullish advance towards 0.7250-0.7350(Offer zone) where bearish cost action was revealed as anticipated.Bearish perseverance listed below 0.7250 is had to allow more bearish decrease towards 0.7100 (Note the recent bearish DAILY candlesticks within the OFFER zone ). On the other hand, the existing bullish pullback towards 0.7250 must be thought about for SELLING the NZD/USD pair.The material has been provided by InstaForex Company – www.instaforex.com

By | February 17, 2017

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On December 16, the price level of 0.6990 failed to apply enough bullish pressure.

Instead, bearish movement continued toward the lower limit of the depicted BUY zone (0.6860) which provided significant bullish rejection on December 23.

The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

A bullish breakout above 0.7000 allowed the pair to head toward the price level of 0.7100 (Key level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed further bullish advance toward 0.7250-0.7350 (Sell zone) where bearish price action was expressed as anticipated.

Bearish persistence below 0.7250 is needed to allow further bearish decline toward 0.7100 (Note the recent bearish DAILY candlesticks within the SELL zone).

On the other hand, the current bullish pullback toward 0.7250 should be considered for SELLING the NZD/USD pair.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for GBP/USD for February 17, 2017 888011000 110888 By the end of June a significant bearish break below1.3550 was revealed as seen on the depicted charts(Basic Reasons). Bearish determination listed below the need level at 1.3550 enhancedthe bearish situation toward the price levels around 1.2700(Bearish forecast target). The GBP/USD pair has been caught inside the depicted consolidationvariety (above 1.2700)up until a bearish breakout happened on October 6. Daily determination below 1.2700 validated the bearish Flag pattern.That is why a bearish projection target was anticipated near 1.2020. On October 25, bullish healing was initiated around the rate level of 1.2080. That is why a bullish pullback was carried out towards 1.2700-1.2750. Risky traders considered this bullish pullbacktowards the rate zone of 1.2700-1.2750 to be a valid OFFER entry. All T/P levels were successfully reached.On January 16, a bullish engulfing candlestick was revealed around the demand level of 1.2000. That is why another bullish breakout above 1.2430 was initiated.The next bullish target is located around 1.2750where bearish rejection ought to be expected.On the other hand, the next bearish location would lie around 1.1200 when bearish momentum is resumed.The material has been supplied by InstaForex Business -www.instaforex.com

By | February 17, 2017

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By the end of June a significant bearish break below 1.3550 was expressed as seen on the depicted charts (Fundamental Reasons).

Bearish persistence below the demand level at 1.3550 enhanced the bearish scenario toward the price levels around 1.2700 (Bearish projection target).

The GBP/USD pair has been trapped inside the depicted consolidation range (above 1.2700) until a bearish breakout took place on October 6.

Daily persistence below 1.2700 confirmed the bearish Flag pattern. That is why a bearish projection target was expected near 1.2020.

On October 25, bullish recovery was initiated around the price level of 1.2080. That is why a bullish pullback was executed toward 1.2700-1.2750.

Risky traders considered this bullish pullback toward the price zone of 1.2700-1.2750 to be a valid SELL entry. All T/P levels were successfully reached.

On January 16, a bullish engulfing candlestick was expressed around the demand level of 1.2000. That is why another bullish breakout above 1.2430 was initiated.

The next bullish target is located around 1.2750 where bearish rejection should be expected.

On the other hand, the next bearish destination would be located around 1.1200 when bearish momentum is resumed.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for February 17, 2017 888011000 110888 In January 2015, the EUR/USD set moved listed below the significant need levels near 1.2100 where historical bottoms were formerly embeded in July 2012 and June 2010. A long-term bearish target was predicted toward 0.9450. In March 2015, the EUR/USD bears challenged the month-to-month need level around 1.0570, which had actually been previously reached in August 1997. Later on in April 2015, a strong bullish recovery was observed around the pointed out need level.However, next monthly candlesticks(September, October, and November)showed a strong bearish rejection around the location of 1.1400-1.1500. In the long term, the level of 0.9450 remains a predicted target if the present monthly candlestick accomplishes bearish closure below the illustrated regular monthly demand levelof 1.0570. Otherwise, the EUR/USD set remains caught within the depicted combination variety(1.0570-1.1400). The long-term outlook for the EUR/USD set remainsbearish as the monthly chart shows. Bearish persistence below 1.0575 is needed to pursue this bearish scenario.On November 14, bearish determination listed below 1.0825(Key-Level 2)allowed additional decrease towards 1.0570( demand level) where obvious bullish rejection was revealed on November 24. Shortly after, the Fibonacci Level 50%(1.0825)constituted a current supply level which provided avalid OFFER entry on December 8. Bearish persistence below the portrayed demand level (1.0570) was expected to permit more decrease towards 1.0220. Nevertheless, significant bullish recovery was expressed around the cost level of 1.0340 on January 3. Bullish determination above 1.0600 permitted even more bullish advance towards 1.0825-1 &.0850(Fibonacci Level 50 %)where bearish rejection and a legitimate OFFER entry were anticipated.At the minute, the cost level of 1.0570 stands as a popular demand level to be expected a valid bullish entry(note the bullish Head & Shoulders Pattern with Initial target at 1.0800). Otherwise, additional bearish decline can be carried out to 1.0400 if bearishbreakdown listed below 1.0570 is achieved.The product has actually been offered by InstaForex Company-www.instaforex.com

By | February 17, 2017

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In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010.

Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, the EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997.

Later in April 2015, a strong bullish recovery was observed around the mentioned demand level.

However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

In the long term, the level of 0.9450 remains a projected target if the current monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0570.

Otherwise, the EUR/USD pair remains trapped within the depicted consolidation range (1.0570-1.1400).

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The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish persistence below 1.0575 is needed to pursue this bearish scenario.

On November 14, bearish persistence below 1.0825 (Key-Level 2) allowed further decline toward 1.0570 (demand level) where evident bullish rejection was expressed on November 24.

Shortly after, the Fibonacci Level 50% (1.0825) constituted a recent supply level which offered a valid SELL entry on December 8.

Bearish persistence below the depicted demand level (1.0570) was expected to allow further decline toward 1.0220. However, significant bullish recovery was expressed around the price level of 1.0340 on January 3.

Bullish persistence above 1.0600 allowed further bullish advance toward 1.0825-1.0850 (Fibonacci Level 50%) where bearish rejection and a valid SELL entry were anticipated.

At the moment, the price level of 1.0570 stands as a prominent demand level to be watched for a valid bullish entry (note the bullish Head & Shoulders Pattern with Initial target at 1.0800).

Otherwise, further bearish decline can be executed towards 1.0400 if bearish breakdown below 1.0570 is achieved.

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

Jonathon Alexander

USD/JPY analysis for February 17, 2017 888011000 110888 Just recently, the USD/JPY pair has actually been trading downwards. The rate evaluated the level 112.70. According to the 4H amount of time, I found broken bearish flag in the background and expanded diagonal. There is also a covert bearish divergence, which is another sign of weakness.My suggestions is to enjoy for offering chances on the pullbacks. The first down target is setat the rateof 111.60(swinglow ). Resistance levels: R1: 113.30 R2: 113.48 R3: 113.75 Support levels: S1: 112.80 S2:112.65 S3: 112.40 Trading recommendations for today: expect possible selling opportunities.The product has been provided by InstaForex Business-www.instaforex.com

By | February 17, 2017

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Recently, the USD/JPY pair has been trading downwards. The price tested the level 112.70. According to the 4H time frame, I found broken bearish flag in the background and expanded diagonal. There is also a hidden bearish divergence, which is another sign of weakness. My advice is to watch for selling opportunities on the pullbacks. The first downward target is set at the price of 111.60 (swing low).

Resistance levels:

R1: 113.30

R2: 113.48

R3: 113.75

Support levels:

S1: 112.80

S2: 112.65

S3: 112.40

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Trading prepare for 17/02/2017

By | February 17, 2017

Trading plan for 17/02/2017: On Friday 17th of February there will not be lots of financial releases throughout the American and european trading sessions, so let’s have a look at the overall market conditions to see whether there is a great trading setup amongst the significant pairs that traders can utilize

to make money.GBP/ USD analysis for 17/02/2017:

The Retail Sales information launched this morning were way worse than expected. The marketplace participants anticipated a boost in sales at the level of 1.0%, however the number launched was at the level of -0.3%. This means the sales are not increasing quick enough and this is bad for the British Pound.At the per hour amount of time chart, we can see an immediate sell-off after the news to the level of 1.2381, but this intraday support has not been breached yet. Since the marketplace conditions are starting to look oversold, the next intraday relocation must be the test of the recent resistance at the level of 1.2458 and after that sell-off extension. Violation of the level of 1.2381 will open the roadway to the next assistance at the level of 1.2347.

USD/JPY analysis for 17/02/2017: At the per hour time frame chart, the bears have actually handled to push the prices lower towards the 61%Fibo at the level of 112.87. The hammer candle light shows the fall may be ended and oversold market conditions and growing bullish divergence supports this view. In a case of a rally, the next target for the bulls is at the level of 113.08 and 113.49.

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USD/CHF analysis for 17/02/2017: The most important candle at the day-to-day timespan chart is a Doji candle with a top at the level of 1.0120. Because reaching this level, the market had actually been declining towards the 61% Fibo at the level of 0.9959 and missed this level by 10 pips up until now. However, the marketplace conditions are oversold and now the cost ought to remedy greater towards the intraday resistance at the level of 1.0000. Any break out greater above this level may cause the test of the next resistance at the level of 1.0118.

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USD/CAD analysis for 17/02/2017: The golden trendline at the intraday chart is presently the most important vibrant resistance level. The bull camp is presently evaluating it from the downside and any continual offense of this resistance will lead to the further gains. The next target for the bulls will be at the level of 1.3120, however in a case of a failure here, the rate will fall back towards the next intraday support at the level of 1.3023.

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

Jonathon Alexander

UK Retail Sales Log Unforeseen Fall In January

By | February 17, 2017

UK retail sales decreased unexpectedly at the start of the year as customers suppressed their spending in reaction to increasing inflation.

Retail sales including vehicle fuel dropped 0.3 percent month-on-month in January, following a 2.1 percent fall in December, data from the Workplace for National Stats revealed Friday.

Sales were expected to grow 1 percent in January after succumbing to 2 consecutive months.

Leaving out automotive fuel, the retail sales volume moved 0.2 percent, confounding expectations for a boost of 0.7 percent. However, the pace of decrease was slower than December’s 2.2 percent decline.

During three months to January, sales dropped 0.4 percent sequentially.

ONS Senior citizen Statistician Kate Davies, stated retail sales saw the very first signs of a fall in the underlying pattern considering that December 2013. She said the proof suggests that increased rates in fuel and food are considerable factors in this downturn.

Inflation hit a 31-month high of 1.8 percent in January and is anticipated to increase further on greater import rates. Average costs of retail items sold in January grew 1.9 percent, the biggest yearly increase because July 2013.

The surprise fall in the official measure of retail sales volumes has brought the current run of resilient economic news to an abrupt end and recommends that the hit to consumer costs growth from higher inflation is beginning to emerge, Ruth Gregory, a UK economist at Capital Economics, said.

If consumers actually are now beginning to moderate their costs, the long expected downturn in the economy might be about to materialize, IHS Global Insight Economist Howard Archer, said.

The Bank of England forecast economic development to slow somewhat to 0.5 percent in the very first quarter of 2017.

Food store sales moved 0.5 percent from December, while non-food sales climbed 1 percent in January.

Year-on-year, retail sales growth eased dramatically to 1.5 percent from 4.1 percent a month ago. This was the weakest expansion because November 2013. The yearly development was expected to slow moderately to 3.4 percent.

Excluding auto fuel, retail sales growth can be found in at 2.6 percent versus 4.7 percent in December and the anticipated rate of 3.9 percent.

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

Jonathon Alexander

GBP/USD analysis for February 17, 2017 888011000 110888 Recently, the GBP/USD pair has been trading downwards. The price tested the level 1.2388 after the unfavorable number in retails sales. Inning accordance with the 1H timespan, I found prospective parabolic bottoming(my own pattern), which is an indication that selling looks dangerous. There is likewise an unconfirmed surprise bullish divergence, which is another sign of possible strength. My guidance is to look for potential purchasing opportunities. The very first target is set at the price of 1.2500. Resistance levels: R1: 1.2415 R2: 1.2425 R3: 1.2450 Assistance levels: S1: 1.2390 S2: 1.2385 S3: 1.2375 Trading recommendations for today: watch for prospective purchasing opportunities.The material has actually been supplied by InstaForex Business-www.instaforex.com

By | February 17, 2017

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Recently, the GBP/USD pair has been trading downwards. The price tested the level 1.2388 after the negative number in retails sales. According to the 1H time frame, I found potential parabolic bottoming (my own pattern), which is a sign that selling looks risky. There is also an unconfirmed hidden bullish divergence, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The first target is set at the price of 1.2500.

Resistance levels:

R1: 1.2415

R2: 1.2425

R3: 1.2450

Support levels:

S1: 1.2390

S2: 1.2385

S3: 1.2375

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

United States Under Trump Series: Discover Sincerity from Berkshire HathawayâEUR ™ s Charlie Munger

By | February 17, 2017

Data from Edelman Trust Barometer of 2017 shows that the general public rely on the news media in the United States have declined to the lowest level ever. Only 32 percent of the American Public trusts the news media, which is even lower at 14 percent when it concerns Republicans and 51 percent when it comes to Democrats. Like we have composed in the past; this is truly the dark days for journalism, and the reporters have just themselves to blame.

The job of a reporter to present the news and if he or she is presenting views then it has to be based upon genuine facts, not an ideology and if it is an ideological discussion there are viewpoint and editorial pages. Recently, most of the news media have focused to bring the ideology to the front as much as possible and search for facts or making up truths to support them. Currently, the slogan appears to be, “& ldquo; Just oppose Trump”&

rdquo;. Maybe we journalist can learn some sincerity from the Berkshire Hathaway’& rsquo; s Vice-Chair Charlie Munger. Both Mr. Munger and his well-known partner Warren Buffet have been singing advocates of Hillary Clinton throughout the campaign however after the election they both have accepted the outcome. Mr. Buffet even stated, he doesn’& rsquo; t have a grim look for the future ahead. This is what Mr. Munger needed to say when he was inquired about the disaffected, millennial protesters around the nation,

“& ldquo; I put on & rsquo; t like all that’. Generally, I & rsquo; m not in favor of young people upseting and attempting to alter the entire world because they know a lot. I think young people ought to find out more and store less, so I’& rsquo; m not considerate to anybody. Young people are out in the streets upseting—– that’& rsquo; s not my system. I believe if you’& rsquo; ve got Hitler or something you can agitate. But except that, young people need to learn more and shop less & hellip; & hellip; He’& rsquo; s not incorrect on whatever. And just because he isn’& rsquo; t like us, roll with it. If there & rsquo; s a little danger, exactly what the hell, you’& rsquo; re not going to live forever anyhow & hellip; & hellip;. When Donald Trump states he wouldn’& rsquo; t touch Social Security and Republicans have all kinds of schemes for modifying Social Security —– I’& rsquo; m with Donald Trump. If I were running the world & hellip; I wouldn’& rsquo; t touch Social Security.”

& rdquo; The material has actually been provided by InstaForex Business – www.instaforex.com

Jonathon Alexander

Worldwide macro summary for 17/02/2017

By | February 17, 2017

Worldwide macro overview for 17/02/2017: The US home market data beat the expectations yesterday as the figure reached the greatest level since November 2015. According

to the Commerce Department, the building permits increased by 4.6 %to a seasonally changed yearly pace of 1,285 k in January, following the previous month’s upwardly modified 1,230 k units and exceeding experts ‘expectations for a 1,225 k system rate. The housing starts declined to 1,246 k units, which was worse than a number of 1,276 k from a month earlier, but still much better than anticipated variety of 1,227 k systems. In conclusion, this general stable information indicate a constant level of financial investment and business optimism amongst the US house market investors.Let’s now have a look at the EUR/USD technical image at the H1 time frame. The bulls tried three times to break out above the intraday resistance at the level of 1.0679, however lastly gave up and the price went back to the trading range. Currently, the market is attempting to evaluate the next intraday assistance at the level of 1.0632 and any effective attempt may result in another sell-off to the level of 1.0600.

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

Jonathon Alexander