NZD/USD bouncing up perfectly, stays bullish

By | April 17, 2017

The price has bounced up perfectly from our buying location and is on track to our revenue target. We remain bullish above 0.6985 assistance(Fibonacci retracement, horizontal overlap support )for an additional rise to the resistance at 0.7092 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance).

RSI (34) has made a great bullish exit signalling that a more upward movement can be expected on NZD/USD.

Buy above 0.6985. Set stop loss at 0.6934 and take profit at 0.7092.

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

Jonathon Alexander

EUR/USD Essential Analysis April 17, 2017 888011000 110888 EUR/USD has actually shown a good amount of bullish force regardless of the fact that European banks are closed for a vacation since of Easter event. On the USD side, today we had Empire Estate Production Index published at a reduced rate of 5.2 which was anticipated to be at 15.2. The negative USD news did have positive effect on the EUR today and EUR is stated to follow an additional bullish move in the coming days. Tomorrow we might see some volatility in this set as US Structure Permits report is going to be published in addition to the Real estate Starts report. The Structure Permits are anticipated to increase to 1.25 M which previously were at 1.22 M and Housing Begins are anticipated to decrease to 1.25 M which previously were at 1.29 M. If tomorrow the USD news comes positive, then we will have the ability to see some bearish relocations in this pair. Otherwise, bulls will get more strength in the coming days.Now let uslook at the pair from the technical view. The price has actually broken above the resistance at 1.0630 and is currently living above it. If the rate closes above 1.0630 today, we will be looking forward for some retracement to 1.0630 to retest it as a support and then we will be eagerly anticipating buy with a target towards the next resistance at 1.0720. On the other hand, if the cost breaks below 1.0600 at a daily close, then we will alter our bias to bearish with a target to 1.0550. The material has actually been supplied by InstaForex Business-www.instaforex.com Since of Easter celebration,

By | April 17, 2017

EUR/USD has shown a good amount of bullish force despite the fact that European banks are closed for a long weekend because of Easter celebration. On the USD side, today we had Empire Estate Manufacturing Index published at a decreased rate of 5.2 which was expected to be at 15.2. The negative USD news did have positive impact on the EUR today and EUR is said to follow a further bullish move in the coming days. Tomorrow we might see some volatility in this pair as US Building Permits report is going to be published along with the Housing Starts report. The Building Permits are expected to increase to 1.25M which previously were at 1.22M and Housing Starts are expected to decrease to 1.25M which previously were at 1.29M. If tomorrow the USD news comes positive, then we will be able to see some bearish moves in this pair. Otherwise, bulls will gain more strength in the coming days.

Now let us look at the pair from the technical view. The price has broken above the resistance at 1.0630 and is currently residing above it. If the price closes above 1.0630 today, we will be looking forward for some retracement towards 1.0630 to retest it as a support and then we will be looking forward to buy with a target towards the next resistance at 1.0720. On the other hand, if the price breaks below 1.0600 at a daily close, then we will change our bias to bearish with a target towards 1.0550.

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

Jonathon Alexander

Analysis of Silver for April 17, 2017 888011000 110888 Recently, the Silver has actually been trading upwards. The rate checked the level of 18.75. According to the 4H timespan I discovered that price is selling the well specified upward channel. The average trend line is vital. The essential support is set at the rate of 18.48. Look for possible purchasing opportunities. Thefirst upward target is set atthe cost of 18.75. Resistance levels: R1: 18.60 R2: 18.62 R3: 18.65 Assistance levels: S1: 18.55 S2: 18.53 S3: 18.50 Trading recommendations for today : look for prospective buying opportunities.The product has been offered by InstaForex Business-www.instaforex.com

By | April 17, 2017

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Recently, the Silver has been trading upwards. The price tested the level of 18.75. According to the 4H time frame I found that price is trading in the well defined upward channel. The median trend line is critical. The key support is set at the price of 18.48. Watch for potential buying opportunities. The first upward target is set at the price of 18.75.

Resistance levels:

R1: 18.60

R2: 18.62

R3: 18.65

Support levels:

S1: 18.55

S2: 18.53

S3: 18.50

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

USD/JPY analysis for April 17, 2017 888011000 110888 Recently, the USD/JPY has been trading downawrds. As I expected, the rate checked the level of 108.13. Anyway, according to the 1H time frame, I discovered that there is a hidden bullish divergence on the oscilators and also a divergent bar. The rate did break that up fractal, which is another sign of strength. The trend is still down however I anticipate upward correction. Upward targets are set at the cost of 108.80 and 109.35. If the cost breaks the level of 108.13, the idea will be invalid. Resistance levels: R1: 108.40 R2: 108.48 R3: 108.55 Support levels: S1: 108.25 S2: 108.18 S3: 108.10 Trading suggestions for today: watch for potential purchasing opportunities.The material has actually been provided by InstaForex Company-www.instaforex.com

By | April 17, 2017

analytics58f4aa2f878ff.png

Recently, the USD/JPY has been trading downawrds. As I expected, the price tested the level of 108.13. Anyway, according to the 1H time frame, I found that there is a hidden bullish divergence on the oscilators and also a divergent bar. The price did break that up fractal, which is another sign of strength. The trend is still downward but I expect upward correction. Upward targets are set at the price of 108.80 and 109.35. The idea will be invalid if the price breaks the level of 108.13.

Resistance levels:

R1: 108.40

R2: 108.48

R3: 108.55

Support levels:

S1: 108.25

S2: 108.18

S3: 108.10

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

Germany’s Merkel, Gabriel say There Must be Talks As Soon As Possible With Turkey at a Bilateral Level and Between Turkey

By | April 17, 2017

GERMANY’S MERKEL, GABRIEL SAY THERE MUST BE TALKS AS SOON AS POSSIBLE WITH TURKEY AT A BILATERAL LEVEL AND IN BETWEEN TURKEY AND EU ORGANIZATIONS ABOUT VENICE COMMISSION’S ISSUES ABOUT CONSTITUTIONAL REFORMS AND PROCEDURE
The material has actually been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of EUR/USD for Apr 17, 2017 888011000 110888 When the European market opens, today, there is no Economic Data will be released. The US will release the Economic Data, too, such as NAHB Real estate Market Index, and Empire State Manufacturing Index, so, amidst the reports, EUR/USD will move in a low to medium volatility during this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.0660.Strong Resistance:1.0653.Initial Resistance: 1.0643. Inner Offer Location: 1.0633.Target Inner Area: 1.0608. Inner Buy Area: 1.0583.Initial Support: 1.0573. Strong Assistance: 1.0563. Breakout OFFER Level: 1.0556. Disclaimer: Trading Forex( foreign exchange )on margin carries a high level of danger, and may not appropriate for all investors. The high degree of utilize can work versus you in addition to for you. Before choosing to buy foreign exchange you must carefully consider your financial investment goals, level of experience, and threat cravings. The possibility exists that you could sustain a loss of some or all your initial financial investment and for that reason you need to not invest money that you can not pay for to lose. You need to be aware of all the dangers associated with forex trading, and seek advice from an independent monetary consultant if you have any doubts.The material has been offered by InstaForex Business-www.instaforex.com

By | April 17, 2017

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When the European market opens, today, there is no Economic Data will be released. The US will release the Economic Data, too, such as NAHB Housing Market Index, and Empire State Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.0660.

Strong Resistance:1.0653.

Original Resistance: 1.0643.

Inner Sell Area: 1.0633.

Target Inner Area: 1.0608.

Inner Buy Area: 1.0583.

Original Support: 1.0573.

Strong Support: 1.0563.

Breakout SELL Level: 1.0556.

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

Technical analysis of USD/JPY for Apr 17, 2017 888011000 110888 In Asia, Japan will have the BOJ Gov Kuroda Speaks information, and the United States will launch some Economic Data, such as NAHB Real estate Market Index, and Empire State Production Index. There is a probability the USD/JPY will move with low to medium volatility during thisday.TODAY’S TECHNICAL LEVEL: Resistance. 3: 108.80.Resistance. 2: 108.59. Resistance. 1: 108.38. Assistance. 1: 108.12. Assistance. 2: 107.91. Support. 3: 107.69. Disclaimer: Trading Forex( forex) on margin brings a high level of risk, and might not be suitable for all investors. The high degree of leverage can work against you along with for you. Prior to choosing to buy forex you should thoroughly consider your financial investment objectives, level of experience, and danger hunger. The possibility exists that you could sustain a loss of some or all of your initial financial investment and therefore you must not invest loan that you can not manage to lose. You must know all the dangers related to foreign exchange trading, and seek advice from an independent financial consultant if you have any doubts.The material has been provided by InstaForex Company-www.instaforex.com

By | April 17, 2017

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In Asia, Japan will have the BOJ Gov Kuroda Speaks data, and the US will release some Economic Data, such as NAHB Housing Market Index, and Empire State Manufacturing Index. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 108.80.

Resistance. 2: 108.59.

Resistance. 1: 108.38.

Support. 1: 108.12.

Support. 2: 107.91.

Support. 3: 107.69.

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

Fxwirepro: South Korean Won Marginally Lower After Trade Balance Data

By | April 17, 2017
  • EUR/KRW is currently trading around 1,204 mark.  
  • Pair made intraday high at 1,204 and low at 1,201 levels.  
  • Intraday bias remains neutral till the time pair holds key support at 1,203 mark.  
  • A daily close below 1,203 will drag the parity down towards key supports around 1.201, 1,194, 1,189, 1,178, 1,163 and 1,154 marks respectively.  
  • Alternatively, a sustained close above 1,203 will take the parity higher towards key resistances around 1,207, 1,211, 1,218, 1,228, 1,233, 1,242 and 1,252marks respectively.  
  • Seoul shares open up 0.28 pct at 2140.87.  
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.  
  • South Korea’s March export growth revised decrease to 13.6 % vs previous 13.7 %.  
  • South Korea’s March import growth revised increase to 27.7 % vs previous 26.9 %.  
  • South Korea’s March trade balance revised decrease to 6.27 bln $ vs previous 6.60 bln $.

We prefer to take long position in EUR/KRW around 1,203, stop loss at 1,200 and target of 1,208/1,211/1,218.

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

Jonathon Alexander