<aElliott wave analysis of EUR/NZD for December 1 – 2016 888011000 110888 Wave summary: A brand-new low has actually been seen here at 1.4801. All requirements have been satisfied for the ending diagonal from 1.5839. We still anticipate more downside to 1.4728 and possibly even lower to 1.4575 as long as resistance at 1.5095 is able to cap the upside. A break above 1.5095 will indicate that the diagonal is total and a go back to the origin of the ending diagonal at 1.5839 is developing. Trading recommendation: We are searching for a EUR-buying chance. We will buy EUR at 1.4585 or upon a break above 1.5095. The product has been provided by InstaForex Business- www.instaforex.com

By | December 1, 2016

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Wave summary:

A new low has been seen here at 1.4801. All requirements have been fulfilled for the ending diagonal from 1.5839. We still expect more downside to 1.4728 and possibly even lower to 1.4575 as long as resistance at 1.5095 is able to cap the upside. A break above 1.5095 will indicate that the diagonal is complete and a return to the origin of the ending diagonal at 1.5839 is developing.

Trading recommendation:

We are looking for a EUR-buying opportunity. We will buy EUR at 1.4585 or upon a break above 1.5095.

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

Jonathon Alexander

Elliott wave analysis of EUR/JPY for December 1 – 2016 888011000 110888 Wave summary: The rally from 118.52 broken right through resistance at 120.16 suggesting that red wave v of wave(iii) was currently establishing. The ideal target for red wave v is seen near 122.00 where a shallow flat correction will be anticipated in wave (iv). The minimum target for the correction in wave(iv ) is seen at 119.76, however it will be more reasonable to expected a decline to the 38.2 %corrective target near 118.39, which likewise marks the low of red wave iv. A short-term break below 120.81 will show that wave( iii) is complete and wave( iv)has actually taken control of. Trading recommendation: We missed our buying opportunity and will sell EUR rather at 121.85 or at a break below 120.81 with a stop put at 122.85. The material has actually been supplied by InstaForex Company- www.instaforex.com

By | December 1, 2016

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Wave summary:

The rally from 118.52 busted right through resistance at 120.16 indicating that red wave v of wave (iii) was already developing. The ideal target for red wave v is seen near 122.00 where a shallow flat correction will be expected in wave (iv). The minimum target for the correction in wave (iv) is seen at 119.76, but it will be more reasonable to expected a decline to the 38.2% corrective target near 118.39, which also marks the low of red wave iv.

A short-term break below 120.81 will indicate that wave (iii) is complete and wave (iv) has taken over.

Trading recommendation:

We missed our buying opportunity and will sell EUR instead at 121.85 or at a break below 120.81 with a stop placed at 122.85.

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

Jonathon Alexander

<aWorldwide macro introduction for 01/12/2016

By | December 1, 2016

International macro overview for 01/12/2016: The US ISM Production Index data are arranged for release at 03:00 pm GMT today and market participants expect a slight increase. Last time the index came in at 51.9 points, this month the consenus is at the level of 52.1 point, which suggests a minor expansion in this sector of the economy. The factor behind this optimism are favorable data throughout local production criteria published by Federal Reserve banks. For the first time in 2 years, all five indices are above absolutely no since November. Moreover, IHS Markit’s standard in November leapt to its greatest level considering that March 2015, which is another signal of further improvement. In conclusion, intriguing financial indicator to watch today as any reading much better than anticipated might trigger the stock to rally higher.Let’s now take a look at the EUR/USD technical photo in the 4H time frame. The set keeps trading sideways in a variety bound way, and now it is possible that a triangle pattern is unfolding. The technical signs are still pointing to the disadvantage, so the eventual breakout of this pattern should be towards the techncial support at the level of 1.0550 and 1.5014. The material has been offered by InstaForex Business –< a href='https://www.instaforex.com/?x=IHCU' > www.instaforex.com

Jonathon Alexander

NZD/USD revenue target practically reached, stay bearish

By | December 1, 2016

Price has actually dropped completely towards our profit target from yesterday. We stay bearish planning to offer on strength below 0.7137 resistance (Fibonacci retracement, pullback resistance) for a further drop to 0.7032.

RSI (34) stays below descending bearish resistance.Sell listed below 0.7137

. Stop loss at 0.7197. Take profit at 0.7032.

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

Jonathon Alexander

EUR/USD approaching significant assistance, prepare to purchase

By | December 1, 2016

Cost is approaching significant assistance at 1.0543(Fibonacci forecast, horizontal swing low assistance)where we expect a bounce from for an increase towards a minimum of 1.0620 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing significant assistance at 8.3%.

Buy above 1.0543. Stop loss at 1.0517. Take profit at 1.0620.

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

Jonathon Alexander

XAU/USD above major support, stay bullish

By | December 1, 2016

Cost is right above major assistance at 1170.96 (Fibonacci projection, horizontal swing low support)where we anticipate a bounce from to 1,180.83 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing significant assistance at 8% too.Buy above 1,170.96. Stop loss at 1166.51. Take profit at 1,180.83.

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

Jonathon Alexander

AUD/USD dropping perfectly from our offering area, stay bearish

By | December 1, 2016

Price dropped absolutely completely from our offering location the other day and is close to our revenue target. We remain bearish wanting to sell on strength listed below 0.7436 resistance(Fibonacci retracement, horizontal pullback resistance) for an additional push down to 0.7317.

Stochastic (21,5,3) is below descending resistance and sees excellent disadvantage potential.Sell below 0.7436. Stop loss at 0.7504. Take profit at 0.7317. The product has been provided by InstaForex Company –
www.instaforex.com

Jonathon Alexander

Brazil Manufacturing Activity Continues To Decrease

By | December 1, 2016

Brazilian factory sector continued to shrink greatly in November as production, brand-new orders and work extended decreases, survey arise from IHS Markit revealed Thursday.

The Markit Brazil Production Purchasing Managers’ Index dropped to 46.2 from 46.3 in October. A reading listed below 50 suggests degeneration in activity.

Production and new orders dropped for twenty-second straight month in the middle of bleak demand from both domestic and external customers.

Payroll numbers decreased for the twenty-first succeeding month and at a sharp rate, albeit the weakest because March.

Input rate inflation reached a three-month high, generally due to currency weak point, while factory-gate inflation softened to the second-slowest in the existing 26-month sequence of boosts.

“The contraction in Brazilian production output now extends to nearly 2 years, and there was little, if any, from the November’s PMI study to suggest an impending upturn remains in sight,” IHS Markit economic expert Pollyanna De Lima said.

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

Jonathon Alexander