Everyday analysis of major sets for April 21, 2017 888011000 110888 EUR/USD: This set made some bullish effort today– something that resulted in a bullish signal. The bullish signal remains valid, as the cost may go toward the resistance lines at 1.0750, 1.0800 and 1.0850. A motion above the resistance line at 1.0800 would put more emphasis on the bullishness of the set. USD/CHF: There stays a bearish signal on the USD/CHF. The EMA 11 is below the EMA 56, and the Williams’% Range period 20 is not far from the oversold area. As long as the rate is listed below the resistance level at 1.0000, the bearish signal would stand. When price moves above the resistance level at 1.0000, the bearish bias would end up being void . GBP/USD: Following the enormous rally that was seen this week, The Cable has been caught in a sideways motion. There stays a huge Bullish Verification Pattern in the 4-hour chart, and when the sideways movement has pannedout, there would be a rise in momentum, which would most probably favor bulls. USD/JPY: This currency trading instrument is attempting to rally in the context of a downtrend. There is a requirement for cost to go upwards by a minimum of 150 pips prior to the bias can turn bearish. Until that takes place, this trading instrument ought to be approached with care, for there is still a possibility of a bearish movement.< img width=" 450 "src=” http://qkfx.com/wp-content/uploads/2017/04/daily-analysis-of-major-pairs-for-april-21-2017-3.png” alt=” 4. png “/ > EUR/JPY: The EUR/JPY has actually already created a bullish signal. Price is presently above the demand zone at 117.00, going toward the supply zones at 117.50 and 118.00. The bullish motion is expected to continue within the next numerous trading days.< img width=" 450" src=" http://qkfx.com/wp-content/uploads/2017/04/daily-analysis-of-major-pairs-for-april-21-2017-4.png” alt=” 5. png”/ > The product has been supplied by InstaForex Business -www.instaforex.com

By | April 21, 2017

EUR/USD: This pair made some bullish effort this week – something that resulted in a bullish signal. The bullish signal remains valid, as the price might go toward the resistance lines at 1.0750, 1.0800 and 1.0850. A movement above the resistance line at 1.0800 would put more emphasis on the bullishness of the pair.

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USD/CHF: There remains a bearish signal on the USD/CHF. The EMA 11 is below the EMA 56, and the Williams’ % Range period 20 is not far from the oversold territory. As long as the price is below the resistance level at 1.0000, the bearish signal would be valid. Once price moves above the resistance level at 1.0000, the bearish bias would become invalid.

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GBP/USD: Following the massive
rally that was seen this week, The Cable has been caught in a sideways movement.
There remains a huge Bullish Confirmation Pattern in the 4-hour chart, and when
the sideways movement has panned out, there would be a rise in momentum, which
would most probably be in favor of bulls.

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USD/JPY: This currency trading instrument is trying to rally in the context of a downtrend. There is a need for price to go upwards by at least 150 pips before the bias can turn bearish. Until that happens, this trading instrument ought to be approached with caution, for there is still a possibility of a bearish movement.

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EUR/JPY: The EUR/JPY has already generated a bullish signal. Price is currently above the demand zone at 117.00, going toward the supply zones at 117.50 and 118.00. The bullish movement is expected to continue within the next several trading days.

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

Jonathon Alexander

Technical analysis of EUR/USD for Apr 21, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Current Account, Flash Providers PMI, Flash Production PMI, German Flash Providers PMI, German Flash Production PMI, French Flash Services PMI, and French Flash Production PMI. The US will release the Economic Data, too, such as Existing Home Sales, Flash Solutions PMI, and Flash Production PMI, so, amid the reports, EUR/USD will move in a low to mediumvolatility during this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.0765.Strong Resistance:1.0759. Original Resistance: 1.0748. Inner Sell Location: 1.0737.Target Inner Area: 1.0712.Inner Buy Area: 1.0687. Initial Support: 1.0676. Strong Assistance: 1.0665. Breakout OFFER Level: 1.0659. Disclaimer: Trading Forex(foreign exchange)on margin brings a high level of danger, and might not be suitable for all financiers. The high degree of leverage can work versus you in addition to for you. Prior to choosing to invest in forex you should thoroughly consider your financial investment objectives, level of experience, and risk cravings. The possibility exists that you could sustain a loss of some or all of your preliminary investment and for that reason you ought to not invest cash that you can not manage to lose. You should understand all the threats associated with foreign exchange trading, and consult from an independent financial advisor if you have any doubts.The material has been provided by InstaForex Business-www.instaforex.com

By | April 21, 2017

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When the European market opens, some Economic Data will be released, such as Current Account, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.0765.

Strong Resistance:1.0759.

Original Resistance: 1.0748.

Inner Sell Area: 1.0737.

Target Inner Area: 1.0712.

Inner Buy Area: 1.0687.

Original Support: 1.0676.

Strong Support: 1.0665.

Breakout SELL Level: 1.0659.

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

Everyday analysis of EUR/JPY for April 20, 2017 888011000 110888 Summary The EUR/JPY set continued to trade with an intraday bullish correction to method from the primary resistance at 117.30. The short-term scenario depends on the strength of this resistance to anticipate new bearish attempt by its stability. The down targets are seen at 116.00 level reaching the assistance at 114.85. Stochastic reached the overbought level. It implies that it eliminated favorable pressure to validate the end of the bullish correctional wave. The pair got brand-new unfavorable momentum to validate the extension of the bearish predisposition. The set is anticipated to hit the recommended targets soon. The anticipated trading range for today is in between 117.30 and 114.80 The material has actually been providedby InstaForex Business-www.instaforex.com

By | April 20, 2017

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Overview

The EUR/JPY pair continued to trade with an intraday bullish correction to approach from the main resistance at 117.30. The short-term scenario depends on the strength of this resistance to expect new bearish attempt by its stability. The downward targets are seen at 116.00 level reaching the support at 114.85. Stochastic reached the overbought level. It means that it got rid of positive pressure to confirm the end of the bullish correctional wave. The pair gained new negative momentum to confirm the continuation of the bearish bias. The pair is expected to hit the suggested targets soon. The expected trading range for today is between 117.30 and 114.80

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

Jonathon Alexander

Day-to-day analysis of GBP/JPY for April 20, 2017 888011000 110888 Introduction The GBP/JPY pair touched 38.2 %Fibonacci correction level at 140.15, having attained the initial bullish target. Let me remind you that the stability of the support level at 138.40 might increase the pressure on the current trading. It enables the set to exceed the present barrier which starts at 143.40 reaching 145.45 in the short term. Stochastic attempted to settle within the overbought level that enhances the bullish predisposition. This creates brand-new favorable momentum that allows the set to break through and hit the suggested targets. The expected trading variety for today is between 138.40 and 141.80. The product has been suppliedby InstaForex Business-www.instaforex.com

By | April 20, 2017

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Overview

The GBP/JPY pair touched 38.2% Fibonacci correction level at 140.15, having achieved the initial bullish target. Let me remind you that the stability of the support level at 138.40 could increase the pressure on the current trading. It allows the pair to surpass the current barrier which begins at 143.40 reaching 145.45 in the short term. Stochastic tried to settle within the overbought level that reinforces the bullish bias. This creates new positive momentum that allows the pair to break through and hit the suggested targets. The expected trading range for today is between 138.40 and 141.80.

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

Jonathon Alexander

Day-to-day analysis of USD/JPY for April 20, 2017 888011000 110888 Summary The USD/JPY pair returns to test the 109.00 barrier once again. Please note that the recent trading has been confined within a possible rising wedge pattern. So, the cost is under the unfavorable pressure that is formed by the EMA50, while stochastic loses its bullish momentum plainly. We believe there are still possibilities for resuming the primary bearish trend, impacted by the formerly completed double leading pattern. The set is most likely to moving towards 106.63 as the next primary target. Another thing, please know that breaching 109.30 level will stop the recommended decrease and press the rate up to 111.65 straight. The anticipated trading variety for today is in between 108.00 assistance and 109.40 resistance. The product has been supplied by InstaForex Company-www.instaforex.com

By | April 20, 2017

USDJPYH4.png

Overview

The USD/JPY pair returns to test the 109.00 barrier again. Please note that the recent trading has been confined within a potential rising wedge pattern. So, the price is under the negative pressure that is formed by the EMA50, while stochastic loses its bullish momentum clearly. Therefore, we believe there are still chances for resuming the main bearish trend, affected by the previously completed double top pattern. The pair is likely to head for 106.63 as the next main target. Another thing, please be aware that breaching 109.30 level will stop the suggested decline and push the price up to 111.65 directly. The expected trading range for today is between 108.00 support and 109.40 resistance.

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

Jonathon Alexander

Day-to-day analysis of Gold for April 20, 2017 888011000 110888 Summary Gold is trading above 1,279.00 after the unfavorable pressure that appeared the other day. This keeps the chances for resuming the bullish trend. Importantly, the EMA50 continues to offer positive assistance for the price from below to safeguard ongoing trading within the bullish channel. This is shown on the above chart. Therefore, the bullish pattern will stay legitimate in the upcoming sessions. The targets begin at 1,300.00 and extend to 1,340.00. Let me advise you that breaking 1,263.17 will push the cost down. In this case, the downward targets are seen at 1,250.00 and much deeper at 1,228.50 prior to any new effort to increase. The expected trading variety for today is in between 1,270.00 support and 1,300.00 resistance. The material has been provided by InstaForex Company-www.instaforex.com

By | April 20, 2017

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Overview

Gold is trading above 1,279.00 after the negative pressure that appeared yesterday. This keeps the chances for resuming the bullish trend. Importantly, the EMA50 continues to provide positive support for the price from below to protect ongoing trading within the bullish channel. This is displayed on the above chart. Therefore, the bullish trend will remain valid in the upcoming sessions. The targets begin at 1,300.00 and extend to 1,340.00. Let me remind you that breaking 1,263.17 will push the price down. In this case, the downward targets are seen at 1,250.00 and deeper at 1,228.50 before any new attempt to rise. The expected trading range for today is between 1,270.00 support and 1,300.00 resistance.

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

Jonathon Alexander

Day-to-day analysis of Silver for April 20, 2017 888011000 110888 Summary Silver rate keeps its stability above the intraday bullish channel’s assistance. The price still has to breach 18.30 level to verify the continuation of the bullish pattern on the intraday and short-term basis. In other words, the rate needs to exceed the unfavorable pressure that was formed by the EMA50 to ease the bearish bias and cope with the rise. Therefore, we anticipate the metal to trade with the upward predisposition in the upcoming sessions. The crucial target level is 19.38. We know that breaking 18.05 level will press the price to 17.43 before any brand-new bullish attempt. The expected trading variety for today is between 18.00 assistance and 18.55 resistance. The material has been offered by InstaForex Company-www.instaforex.com

By | April 20, 2017

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Overview

Silver price keeps its stability above the intraday bullish channel’s support. The price still needs to breach 18.30 level to confirm the continuation of the bullish trend on the intraday and short-term basis. In other words, the price needs to surpass the negative pressure that was formed by the EMA50 to ease the bearish bias and cope with the rise. Therefore, we expect the metal to trade with the upward bias in the upcoming sessions. The key target level is 19.38. We are aware that breaking 18.05 level will push the price down to 17.43 before any new bullish attempt. The expected trading range for today is between 18.00 support and 18.55 resistance.

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

Jonathon Alexander

NZD/USD bouncing above our purchasing level perfectly, stay bullish

By | April 20, 2017

Price has actually dropped to our buying level as expected and started to bounce up again. We stay bullish looking to buy on dips above 0.6985 support( Fibonacci retracement, horizontal overlap assistance)for an additional rise to 0.7092 resistance(Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing strong support above the 3.9% level where we anticipate a more bounce from.Buy above

0.6985. Stop loss at 0.6934. Take profit at 0.7092.

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

Jonathon Alexander