NZD/USD Intraday technical levels and trading recommendations for April 18, 2017 888011000 110888 The NZD/USD pair was trapped within the illustrated price range(0.6860-0.6990)until a bullish breakout occurred.A bullish breakoutabove 0.6960-0.7000 permitted the pair to head toward the price level of 0.7100(the crucial level )which failed to provide sufficient bearish pressure on the pair.Bullish determination above 0.7100 permitted a further advance towards 0.7250-0.7350 (Sell-Zone )where the bearish price action was expected.Bearish determination below 0.7250 permitted an additional decrease toward 0.7100 then 0.6960 which cannot offer sufficient assistance for the pair.That is why a more fall was anticipated towards0.6860(the lower limit of the illustrated BUY zone) where a bullish position was suggested in previous articles.Recently, a bullish breakout was accomplished above the depicted key level(0.6960). That is why, the current bearish pullback toward 0.6960 offered considerable bullish rejection and a valid BUY entry which is running in profits now.On the other hand, the cost level of 0.7100 stays a substantial crucial level to be watched for bearish price action when bullish pullback extends above 0.7040. The material has been supplied by InstaForex Business-www.instaforex.com

By | April 18, 2017

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

A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed a further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected.

Bearish persistence below 0.7250 allowed a further decline toward 0.7100 then 0.6960 which failed to provide enough support for the pair.

That is why a further fall was expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles.

Recently, a bullish breakout was achieved above the depicted key level (0.6960).

That is why, the recent bearish pullback toward 0.6960 offered significant bullish rejection and a valid BUY entry which is running in profits now.

On the other hand, the price level of 0.7100 remains a significant key level to be watched for bearish price action when bullish pullback extends above 0.7040.

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

Jonathon Alexander

USD/CAD intraday technical levels and trading recommendations for April 18, 2017 888011000 110888 Since April 2016, the USD/CAD set has actually been trending upward within the portrayed ascending channel.In December 2016, a bullishbreakout above 1.3300(50 %Fibonacci level) was anticipated to permit a more advance towards 1.3700-1.3750(the ceiling of the portrayed channel). Substantial bearish rejection was expressed around 1.3580 (just recently developed top). During the bearish pullback, the price level of 1.3300(50% Fibonacci Level)cannot supply adequate assistance to the pair.This enabled an additional bearish movement towards the price level of 1.2970(61.8%Fibonacci level)where a valid BUY entry was used in February 2017.3 weeks back, the bullish breakout above 1.3300( 50 %Fibonacci Level)improved an additional advance toward 1.3440 and 1.3530. The next bullish target would lie around 1.3800(upper limit of the illustrated channel)if the pair preserves upside trading above 1.3300(50% Fibonacci Level) which stands as a popular assistance level.On the other hand, if the USD/CAD pair moves listed below 1.3300, it might become trappedonce again within the portrayed consolidation variety (1.3300-1.2970). The material has actually been offered by InstaForex Business-www.instaforex.com

By | April 18, 2017

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Since April 2016, the USD/CAD pair has been trending upward within the depicted ascending channel.

In December 2016, a bullish breakout above 1.3300 (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 (recently established top).

During the bearish pullback, the price level of 1.3300 (50% Fibonacci Level) failed to provide enough support to the pair.

This allowed a further bearish movement toward the price level of 1.2970 (61.8% Fibonacci level) where a valid BUY entry was offered in February 2017.

Three weeks ago, the bullish breakout above 1.3300 (50% Fibonacci Level) enhanced a further advance toward 1.3440 and 1.3530.

The next bullish target would be located around 1.3800 (upper limit of the depicted channel) if the pair maintains upside trading above 1.3300 (50% Fibonacci Level) which stands as a prominent support level.

On the other hand, if the USD/CAD pair moves below 1.3300, it may become trapped again within the depicted consolidation range (1.3300-1.2970).

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for April 18, 2017 888011000 110888 Wave summary: As long as small resistance at 1.5207 and more importantly as long as resistance at 1.5347 is able to cap the upside, we will be trying to find a last decrease into the 1.4874-1.4990 area to finish the correction in wave ii and be setting the phase for a strong rally in wave iii higher towards 1.5838 and above.R3: 1.5347 R2:1.5265 R1:1.5208 Pivot: 1.5200 S1: 1.5145 S2: 1.5055 S3: 1.4990 Trading suggestion: We will only purchase EUR at 1.4885 or upon a break above 1.5347. The product has been supplied by InstaForex Business -www.instaforex.com

By | April 18, 2017

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Wave summary:

As long as minor resistance at 1.5207 and more importantly as long as resistance at 1.5347 is able to cap the upside, we will be looking for a final decline into the 1.4874 – 1.4990 area to complete the correction in wave ii and be setting the stage for a strong rally in wave iii higher towards 1.5838 and above.

R3: 1.5347

R2: 1.5265

R1: 1.5208

Pivot: 1.5200

S1: 1.5145

S2: 1.5055

S3: 1.4990

Trading recommendation:

We will only buy EUR at 1.4885 or upon a break above 1.5347.

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

Jonathon Alexander

Daily Video Technical Analysis|NZD/USD|17th April 2017 888011000 110888 We take a detailed look at NZD/USD and see if there are any trading opportunities for us to make some juicy pips!We integrate the art of Fibonacci retracements, Fibonacci extensions, Support & & Resistance in addition to Stochastic and RSI to identify the best entry, stop loss and earnings targets.Subscribe to me for more day-to-day technical analysis!The product has been provided by InstaForex Business-www.instaforex.com

By | April 17, 2017

We take a detailed look at NZD/USD and see if there are any trading opportunities for us to make some juicy pips!

We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along with Stochastic and RSI to determine the best entry, stop loss and profit targets.

Subscribe to me for more daily technical analysis!

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

Jonathon Alexander

USD/CHF remains bearish below strong resistance

By | April 17, 2017

We continue to remain bearish below 1.0068 resistance(Fibonacci retracement, horizontal overlap resistance, descending resistance)as we want to play the drop towards 0.9973 assistance (Fibonacci retracement, Fibonacci extension).

Stochastic (34,5,3) is now at the pullback resistance where we anticipate another bearish reaction to occur.Sell below 1.0068. Set stop loss at 1.0114 and take profit at 0.9973.

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

Jonathon Alexander