Essential analysis of USD/CAD for April 14, 2017 888011000 110888 USD/CAD had spontaneous bullish move yesterday after the enormous selling the day in the past. This market is extremely volatile, and currently the rate is in indecisive situation. Today the Unites States revealed the CPI report which revealed a negative figure of -0.3% versus the anticipated reading of 0.0%. Core CPI was likewise unfavorable at -0.1% while it was anticipated to be at 0.2%. Core retail sales report was similarly downbeat at 0.0% which was expected to be at 0.2%. The retail sales report signed up a decrease of 0.2% which was anticipated to be at 0.1%. Amidst negative streak of the US essential reports today, CAD acquired some ground regardless of the Bank Holiday.Now let us take a look at the technical picture. Amidst the USD unfavorable financial reports, the cost is showing some down pressure presently but the bearish predisposition is not validated yet. Since the volatility in this pair, we will be searching for selling chances after the cost break the level of 1.3280 with an intraday close, targeting the recent support at 1.3210. If the price breaks above the 20 EMA, we will be looking forward to purchase to 1.3380. The product has actually been provided by InstaForex Company-www.instaforex.com

By | April 14, 2017

USD/CAD had impulsive bullish move yesterday after the massive selling the day before. This market is very volatile, and currently the price is in indecisive situation. Today the Unites States revealed the CPI report which showed a negative figure of -0.3% versus the expected reading of 0.0%. Core CPI was also negative at -0.1% while it was expected to be at 0.2%. Core retail sales report was equally downbeat at 0.0% which was expected to be at 0.2%. Similarly, the retail sales report registered a decline of 0.2% which was expected to be at 0.1%. Amid negative streak of the US fundamental reports today, CAD gained some ground despite the Bank Holiday.

Now let us look at the technical picture. Amid the USD negative economic reports, the price is showing some downward pressure currently but the bearish bias is not quite confirmed yet. As of the volatility in this pair, we will be looking for selling opportunities after the price break the level of 1.3280 with an intraday close, targeting the recent support at 1.3210. If the price breaks above the 20 EMA, we will be looking forward to buy towards 1.3380.

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

Jonathon Alexander

EUR/JPY analysis for April 14, 2017 888011000 110888 Recently, the USD/JPY has actually been trading downwards. As I anticipated, the rate evaluated the level of 114.60. According to the 4H timespan, I discovered that down channel is still very active. Sellersremain in control and my recommendationsis to expect potential selling opportunities. The very first down target is setat the rateof 114.60. Resistance levels: R1: 115.85 R2: 116.00 R3: 116.25 Support levels: S1: 115.45 S2: 115.30 S3: 115.05 Trading suggestions for today: look for potential selling opportunities.The material has actually been provided by InstaForex Company-www.instaforex.com

By | April 14, 2017

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Recently, the USD/JPY has been trading downwards. As I expected, the price tested the level of 114.60. According to the 4H time frame, I found that downward channel is still very active. Sellers are in control and my advice is to watch for potential selling opportunities. The first downward target is set at the price of 114.60.

Resistance levels:

R1: 115.85

R2: 116.00

R3: 116.25

Support levels:

S1: 115.45

S2: 115.30

S3: 115.05

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

EUR/AUD Basic Analysis April 14, 2017 888011000 110888 EUR/AUD has actually remained in a volatile bullish trend. Yesterday, it bounced off from the resistance 1.4130 and went down with an impulsive bearish candle. Yesterday, on the EUR’s front EUR German Final CPI was published with no modifications and it came in at 0.2%. France Final CPI was likewise published with no modifications at 0.6%. On the other hand, on the AUD’s front the Employment Modification report exposed a significant change the other day at 60.9 k which was anticipated to be at 20.3 k and the Unemployment Rate was likewise the same at 5.9%. AUD is still strong and controling EUR till today. Today there are no market-moving events on both EUR and AUD side amidst a bank holiday. The market is anticipated to be less unpredictable till close.Now let us look at the pair from the technical view. The price has currently violated the 20 EMA with a spontaneous bearish motion. As the cost stays listed below the resistance area of 1.4130-1.4290, the pair is anticipated to decrease towards assistance at 1.3680-1.3730 area. The material has been provided by InstaForex Company-www.instaforex.com

By | April 14, 2017

EUR/AUD has been in a volatile bullish trend. Yesterday, it bounced off from the resistance 1.4130 and went down with an impulsive bearish candle. Yesterday, on the EUR’s front EUR German Final CPI was published without any changes and it came in at 0.2%. France Final CPI was also published without any changes at 0.6%. On the other hand, on the AUD’s front the Employment Change report revealed a notable change yesterday at 60.9k which was expected to be at 20.3k and the Unemployment Rate was also unchanged at 5.9%. AUD is still strong and dominating EUR till today. Today there are no market-moving events on both EUR and AUD side amid a bank holiday. So the market is expected to be less volatile till close.

Now let us look at the pair from the technical view. The price has currently violated the 20 EMA with an impulsive bearish movement. As the price remains below the resistance area of 1.4130-1.4290, the pair is expected to go down towards support at 1.3680-1.3730 area.

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

Jonathon Alexander

Everyday analysis of major pairs for April 14, 2017 888011000 110888 EUR/USD: The EUR/USD pair has actually been combining for most of this week, going quickly upwards on Wednesday. It took place in the context of a downtrend, and it is probably that when momentum returns to the marketplace, it would be in favor of bears. The outlook on the market stays bearish. USD/CHF: The USD/CHF set has actually been combining for the majority of this week, going quickly downwards on Wednesday. It took place in the context of an uptrend, and it is most likely that whenmomentum returns to the market, it would be in favor of bulls. The outlook on the marketplace stays bullish. GBP/USD: The GBP/USD set went upwards this week, and it is presently remedying to the disadvantage, however the Bullish Confirmation Pattern remains intact in the market. Further northwards journey is expected soon as the distribution territories at1.2600 and 1.2650 are reached, which are still valid targets. USD/JPY: This is a bearish market. The EMA 11 is below the EMA 56 and the RSI with period 14 is listed below the level of 50. The outlook on the marketplace (in addition to other JPY sets), stays bearish. There are still possibilities that the need levels at 109.00, 108.50 and 108.00 would be tested in between now and next week. EUR/JPY: This set has combined so far in the context of a downtrend. Cost might get some momentum soon, which would most likely take place prior to the end of next week. When momentum strengthens , it would prefer bears, as price goes towards the demand zones at 116.00, 115.50 and 115.00. The material has been offered by InstaForex Business- www.instaforex.com

By | April 14, 2017

EUR/USD: The EUR/USD pair has been consolidating for most of this week, going briefly upwards on Wednesday. It happened in the context of a downtrend, and it is most likely that when momentum returns to the market, it would be in favor of bears. The outlook on the market remains bearish.

1.png

USD/CHF: The USD/CHF pair has been consolidating for most of this week, going briefly downwards on Wednesday. It happened in the context of an uptrend, and it is most likely that when
momentum returns to the market, it would be in favor of bulls.
The outlook on the market remains bullish.

2.png

GBP/USD: The GBP/USD pair went
upwards this week, and it is currently correcting to the downside, though
the Bullish Confirmation Pattern remains intact in the market. Further northwards
journey is expected soon as the distribution territories at 1.2600 and 1.2650
are reached, which are still valid targets.

3.png

USD/JPY: This is a bearish market.
The EMA 11 is below the EMA 56 and the RSI with period 14 is below the level of 50. The
outlook on the market (as well as other JPY pairs), remains bearish. So there
are still possibilities that the demand levels at 109.00, 108.50 and 108.00
would be tested between now and next week.

4.png

EUR/JPY: This pair has
consolidated so far in the context of a downtrend. Price may gain some momentum soon, which would most probably happen before the end of
next week. When momentum strengthens, it would favor bears, as price goes towards the
demand zones at 116.00, 115.50 and 115.00.

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

Jonathon Alexander

Technical analysis of USD/CHF for April 14, 2017 888011000 110888 Overview: The USD/CHF set continues to move down from the level of 1.0057. This morning, the pair dropped from the level of 1.0057(this level of 1.0057 corresponds of the 50%Fibonacci retracement) to set around the rate of 1.0040. Today, the very first resistance level is seen at 1.0057 followed by 1.0086, while day-to-day assistance 1 is seen at 1.0008. According to the previous events, the USD/CHF set is still moving in between the levels of 1.0057 and 0.9960; for that we anticipate a variety of 97 pips. If the USD/CHF pair cannot break through the resistance level of 1.0057, the market will decrease even more to 1.0008. This would recommend a bearish market because the RSI indication is still in a favorable location and does disappoint any trend-reversal indications. The set is expected to drop lower to a minimum of 0.9960 in order to form a new double bottom. On the other hand, if a breakoutoccurs at the resistance level of 1.0057, then this situation might end up being invalidated.The material has been offered by InstaForex Business-www.instaforex.com

By | April 14, 2017

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Overview:

  • The USD/CHF pair continues to move downwards from the level of 1.0057. This morning, the pair dropped from the level of 1.0057 (this level of 1.0057 coincides of the 50% Fibonacci retracement) to set around the price of 1.0040.
  • Today, the first resistance level is seen at 1.0057 followed by 1.0086, while daily support 1 is seen at 1.0008.
  • According to the previous events, the USD/CHF pair is still moving between the levels of 1.0057 and 0.9960; for that we expect a range of 97 pips. If the USD/CHF pair fails to break through the resistance level of 1.0057, the market will decline further to 1.0008.
  • This would suggest a bearish market because the RSI indicator is still in a positive area and does not show any trend-reversal signs.
  • The pair is expected to drop lower towards at least 0.9960 in order to form a new double bottom.
  • On the other hand, if a breakout takes place at the resistance level of 1.0057, then this scenario may become invalidated.

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

Jonathon Alexander

International macro overview for 14/04/2017

By | April 14, 2017

International macro introduction for 14/04/2017: The University of Michigan Consumer Sentiment Index data beat market expectations. The index reading for April increased to 98.0 from 96.9 the previous month. The reading was above agreement expectations of 97.1 and near to 13-year highs. The greatest gains were kept in mind in current conditions sub-index, that increased from 113.2 to 115.2 points which are the greatest level because 2000 and it is close to all-time high level. The other sub-index that surged greater was expectations index that logged a boost from 86.5 to 86.9 points. In conclusion, the sentiment amongst the US clients is soaring, and the best guess for a factor behind it is the healthy labor market, consistent incomes and a moderate inflation levels.

Let’s now have a look at the USD/JPY technical photo at the H4 timeframe. The market conditions are greatly oversold, however it looks like the target for the bears is at the level of 61%Fibo at 107.85. There is still no sign of a bullish divergence in between the momentum and the price indicator. The next assistance is seen at the level of 108.70 and if broken, then the road to the level of 107.85 is open.

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

Jonathon Alexander

Technical analysis of NZD/USD for April 14, 2017 888011000 110888 Introduction: The NZD/USD pair dropped from the level of 0.7075 towards 0.6946. The trend is still set listed below the 0.7075 level. The resistance of the NZD/USD set is seen at the levels of 0.7004 and 0.7075. It does imply that the first resistance and second one are seen at the levels of 0.7004 and 0.7075 respectively. The NZD/USD set is still relocating a downtrend channel given that a while. The price spot of 0.7004 stays a considerable resistance zone.Therefore, there is a possibility that the NZD/USD set will move downside, and the structure of a fall does not look restorative. In order to indicate the bearish chance below 0.7004, sell listed below 0.7004 with the very first target at 0.6969 in order to check recently’s bottom. It needs to be kept in mind that assistance 1 is seen at the level of 0.6969 which corresponds with the double bottom in the one-hour time frame . If the NZD/USD set is able to break out the bottom at 0.6969,the marketplace will decline further to 0.6825 in order to evaluate the weekly assistance 2. However, the stop loss must be set abovethe level of0.7075. The product has actually been offered by InstaForex Business-www.instaforex.com

By | April 14, 2017

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Overview:

  • The NZD/USD pair dropped from the level of 0.7075 towards 0.6946. The trend is still set below the 0.7075 level.
    The resistance of the NZD/USD pair is seen at the levels of 0.7004 and 0.7075. It does mean that the first resistance and second one are seen at the levels of 0.7004 and 0.7075 respectively.
    The NZD/USD pair is still moving in a downtrend channel since a while.
    The price spot of 0.7004 remains a significant resistance zone.Therefore, there is a possibility that the NZD/USD pair will move downside, and the structure of a fall does not look corrective.
    In order to indicate the bearish opportunity below 0.7004, sell below 0.7004 with the first target at 0.6969 in order to test last week’s bottom. Besides, it should be noted that support 1 is seen at the level of 0.6969 which coincides with the double bottom in the one-hour time frame.
    If the NZD/USD pair is able to break out the bottom at 0.6969, the market will decline further to 0.6825 in order to test the weekly support 2.
    However, the stop loss should be set above the level of 0.7075.

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

Jonathon Alexander

Trading plan for 14/04/2017

By | April 14, 2017

Trading prepare for 14/04/2017: Friday brings a thin market with restricted volatility in some closed markets like Australia or New Zealand. The stock exchange in Asia has actually been weighed down by increasing geopolitical tensions. Danger aversion belief is controling amongst investors with the strongest JPY and weak AUD and NZD. Oil is trading progressively, gold is extending its gains.On Friday

14th of April, the volatility in the foreign exchange market is greatly constrained due to the holiday break, and those markets that are working are also not interested in a considerable modification in the circumstance. Nonetheless, there are essential information set up for release throughout the American trading session: Retail Sales and Consumer Cost Index from the US.EUR/ USD analysis for 14/04/2017:

The Retail Sales and Consumer Price Index data are arranged for release at 12:30 pm GMT and market participants anticipate almost no modification for them. The Retail Sales are expected at the level of 0.1%, just like a month back and CPI is anticipated at the level 0.2%, unchanged from the reported month. If the information meet the expectations, it will mean that the inflationary pressures are currently stable in the US, so just a moderate amount of the rate of interest walking must be expected.Let’s now take

a look at the EUR/USD technical image at the H4 timeframe. After the false breakout to the level of 1.0678, the market reversed and now is trading back in the range. The golden pattern line appears to offer some dynamic assistance around the level of 1.0600. The next crucial support is seen at the level of 1.0569 and the next crucial resistance is seen at the level of 1.0705.

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Market snapshot: Gold is combining its gains The rate of Gold has actually hit and broken above the 127% Fibonacci Extension at the level of $1,282 and now is trading just listed below the golden pattern line around the level of $1,287. The market conditions look overbought, but no bearish divergence has been formed. In a case of an additional rally, the next target is 161%Fibo at the level of $1,306.

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Market photo: Petroleum is in the corrective cycle

After hitting the technical resistance at the level of $53.78, the cost of Crude Oil reversed to the technical support at the level of $52.68. If the correction extends, then the next technical support will be seen at the level of $51.87. The numerous bearish divergences supports this view.

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

Jonathon Alexander

Fxwirepro: Nzd/jpy topped Listed below 5-Dma, Great to Go Brief on Rallies

By | April 14, 2017

NZD/JPY recovery halts at 5-DMA, set edges lower after striking highs of 76.58 on Thursday ' s trade. The set remains in a major bear pattern, discovers small assistance at 75.60', break listed below targets 78.6% Fib

  • at 72.61. Cost action is below 200-DMA, break listed below 75.60 will see resumption of downtrend. Bears then
  • target 78.6% Fib retracement of 69.23 to 83.80 rally at 72.61. Momentum studies are bearish, technical indications are prejudiced lower. Risk-off controls amidst tensions in the Korean peninsula
  • and as United States battle Afghanistan continue to spook markets and keep yen supported. Support
  • levels- 75.60( trendline), 74.80( 61.8 %Fib ), 73.69 (Nov 9th low ), 72.61 (78.6% Fib) Resistance levels- 76.36( 5-DMA ), 76.52 (50 %Fib ), 77, 77.54( 20-DMA) TIME TREND INDEX OB/OS INDEX 1H Bearish Neutral. 4H Bearish Neutral. 1D Bearish Oversold. 1W Bearish Neutral Suggestion: Great to go brief on rallies around 76.15/ 25, SL: 76.60, TP: 75/ 74.80/ 74/ 73.70 FxWirePro Currency Strength Index: FxWirePro ' s Hourly NZD Area Index was at 84.408 (Bullish )
    , while Hourly JPY Area Index was at 189.258( Bullish) at 0620 GMT. For more details on FxWirePro
    ' s Currency Strength Index, visit http://www.fxwirepro.com/currencyindex!.?.!. . The product has actually been supplied by InstaForex Company- www.instaforex.com

  • Jonathon Alexander