Elliott wave analysis of EUR/NZD for September 15, 2017 888011000 110888 Wave summary: Ideally the minor assistance at 1.6327 will continue to secure the drawback for a rally above 1.6570 validating, that red wave v greater to a minimum of 1.6883 is developing. Longer term, we continue totry to find much greater levels for this cross, but in some cases this cross move is slow-motion and isnot actually going anywhere.R3: 1.6624 R2: 1.6569 R1: 1.6532 Pivot: 1.6485 S1: 1.6415 S2: 1.6332 S3: 1.6309 Trading suggestion: We are long EUR from 1.6395 with stop placed at 1.6295. If you are shortly EUR yet, then purchase a break above 1.6569 and use the very same stop at 1.6295. The material has been offered by InstaForex Business-www.instaforex.com

By | September 15, 2017

analytics59bb4f270ad76.png

Wave summary:

Ideally the minor support at 1.6327 will continue to protect the downside for a rally above 1.6570 confirming, that red wave v higher towards at least 1.6883 is developing. Longer term, we continue to look for much higher levels for this cross, but sometimes this cross move is slow-motion and is not really going anywhere.

R3: 1.6624

R2: 1.6569

R1: 1.6532

Pivot: 1.6485

S1: 1.6415

S2: 1.6332

S3: 1.6309

Trading recommendation:

We are long EUR from 1.6395 with stop placed at 1.6295. If you are not long EUR yet, then buy a break above 1.6569 and use the same stop at 1.6295.

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

Jonathon Alexander

Technical analysis of EUR/USD for Sept 15, 2017 888011000 110888 When the European market opens, some economic data will be released such as Trade Balance. The US will launch a batch of macroeconomic reports such as Prelim UoM Inflation Expectations, Business Stocks m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Usage Rate, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So amidst such a packed financial calendar, EUR/USD will move with lowto medium volatility during this day.TODAY’S TECHNICAL LEVELS: Breakout BUYLevel: 1.1980. Strong Resistance:1.1973.Original Resistance: 1.1961. Inner Sell Area: 1.1949.Target Inner Location: 1.1921. Inner Buy Location: 1.1893.Initial Support: 1.1881. Strong Support: 1.1869. Breakout OFFER Level: 1.1862. Disclaimer: Trading Forex( foreign exchange )on margin carries a high level of threat, and might not appropriate for all financiers. The high degree of utilize can work against you along with for you. Before choosing to buy foreign exchange you need to thoroughly consider your financial investment objectives, level of experience, and danger appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and for that reason you ought to not invest loan that you can not afford to lose. You should be aware of all the risks related to forex trading, and consult from an independent financial advisor if you have any doubts.The material has actually been offered by InstaForex Business-www.instaforex.com

By | September 15, 2017

EURUSD.jpg

When the European market opens, some economic data will be released such as Trade Balance. The US will release a batch of macroeconomic reports such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So amid such a packed economic calendar, EUR/USD will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1980.

Strong Resistance:1.1973.

Original Resistance: 1.1961.

Inner Sell Area: 1.1949.

Target Inner Area: 1.1921.

Inner Buy Area: 1.1893.

Original Support: 1.1881.

Strong Support: 1.1869.

Breakout SELL Level: 1.1862.

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

COLOMBIA: Colcap Drops 0.03% On The Eve Of Index Rebalancing

By | September 15, 2017

Colcap, the main index of the Colombian Stock Exchange, fell 0.03% Thursday, closing at 1,491.48 points on the eve of the rebalance of the Hcolsel index.

Marcela Ramirez, an expert at Acciones & & Valores, stated that the marketplace is expecting the Hcolsel index rebalance to take into result Friday. The provisionary rebalancing decreases the weight of Bancolombia, Corficolombiana, Nutresa and Empresa de Energia de Bogot? (EEB) shares.

Also on Friday, the FTSE index, whose quotes have currently been absorbed by the market, according to Andr?s Fonseca, an expert at Alianza Valores, take into result.

The shares of ETB (+3.53%), Cemargos (+1.75%), Grupo Aval (+1.15%), Canacol (+1.02%), Avianca (+0.51%), and ISA (+0.44%) increased, while Bancolombia Preferencial (-1.26%), Celsia (-0.94%), Bancolombia (-0.89%), and Banco de Bogot? (-0.67%) fell.

The locally traded U.S. dollar closed the day at 2,900.00 Colombian pesos, marking a 0.38% fall, due to the rise in oil prices abroad. Agust?n Vera, an expert at Worldwide Securities, said that information from the Company of the Petroleum Exporting Countries (OPEC) revealed that the 12 members of the cartel required by the agreement to reduce production adhered to the agreement in 91%, which prompted the increase of the oil costs.

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

Jonathon Alexander

BRAZIL: Ibovespa Ends Down As Traders Turn Cautious And Vale Weighs

By | September 15, 2017

Ibovespa, the primary stock index in Brazil, closed somewhat down (-0.17%) at 74,656.67 points Thursday, after spending the majority of the day near stability. The index was affected by the losses of Vale’s shares, which avoided it from ending in the black.

On the other hand, financiers were waiting on the new criminal complaint by the Attorney general of the United States’s Office (PGR) versus the President Michel Temer. Already anticipated by the market, the brand-new complaint may bring uncertainties and delays in the pension reform vote in Congress.

Vale’s (VALE3 -3.16%) and steel and iron business such as Gerdau Metal?rgica (GOAU4 -2.71%) tracked the drop of more than 3% in iron ore rates abroad amidst lower demand from China.

The locally traded U.S. dollar fell 0.73%, to R$ 3,1160, after 3 successive trading sessions at high, influenced by the 0.41% increase in the Brazilian Reserve bank’s Economic Activity Index in July over June, greater than anticipated.

For analysts at Ita? BBA, the Ibovespa would stay bullish in the short-term, but some profit-taking motion is not dismissed after several highs in a row.

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

Jonathon Alexander

Burning outlook: Inflation index CPI (U.S.A) 12:30 PM London time

By | September 14, 2017

CPI inflation index projection+1.9% (yearly )Inflation index CPI formerly+1.7 %The range of forecasts: +1.8 to+2.1%Why is it

important?Inflation is among the 2 essential indications of the state of the economy for the choice making by the US Central Bank( Fed)on monetary policy.( The second

indication is employment).

For the US Federal Reserve, the typical range of inflation is from +2%to+2.5%per annum.As we can see, inflation in the United States is below the lower typical level for the Fed (for several years, since the crisis of 2008-2009.

)However, possibly an increase of inflation above the level of 2%will be seen. The Fed, sequentially, is extremely

sluggish in taking steps, but turns to tightening up monetary policy-brand-new Fed rate boosts(the strategy remains in December)

-and the beginning of withdrawing excess liquidity from the markets.Thus, inflation is

an important sign of monetary policy- and its movement affect the characteristics of bond yields, the stock exchange -on capital flows between countries – and at currency exchange rate, respectively.If inflation strikes above 1.8%, the dollar will enhance, the euro and pound down, the dollar-franc and the dollar-yen up. Gold will down, and the United States stock market down.If inflation is 1.7 %or less – a pound and the euro will increase a little higher.The material has been offered by InstaForex Company-www.instaforex.com

Jonathon Alexander

Gold Inches As much as End Losing Streak

By | September 14, 2017

Gold futures were flat Thursday after government information revealed an uptick in U.S. inflation.

Renewed concerns about North Korea likewise lifted gold rates after 3 successive losing sessions.

The customer rate index rose 0.4% last month to mark the most significant boost considering that January, the government stated Thursday.

Dec. gold settled up $1.30, or 0.1%, at $1,329.30/ oz.

Greater gas rates and real estate expenses drove the increase in expense of living. Nevertheless, the so-called core index edged up 0.2% in August, removing out fuel and food costs.

The Labor Department launched a report on Thursday revealing an unanticipated pullback in preliminary out of work claims in the week ended September 9th.

The report stated preliminary out of work claims fell to 284,000, a reduction of 14,000 from the previous week’s unrevised level of 298,000. The drop surprised economists, who had anticipated jobless claims to inch up to 300,000.

Elsewhere, the Bank of England sent out strong signals that the interest rate walking might come faster than had been predicted.

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

Jonathon Alexander

India'’s Wholesale Cost Inflation Set To Accelerate Additional

By | September 14, 2017

India’s wholesale price inflation is most likely to speed up in the coming months of this year, suggesting that the Reserve Bank will avoid loosening up monetary policy any even more, Shilan Shah, an economic expert at Capital Economics, said.

Wholesale cost inflation accelerated to 3.2 percent in August from 1.9 percent in July, main information from the Ministry of Commerce & & Market showed on September 14.

The upward trend in August was mainly owned by a dive in food inflation, to 5.8 percent from 2.1 percent.

“A surge in the wholesale price of onions and tomatoes in the middle of current supply disturbances was the key factor behind this,” Shah observed.

Capital Economics’ step of core inflation also increased especially from 2.2 percent to 2.6 percent – its highest rate because November 2014.

Looking ahead, the WPI inflation will continue to rise in the near term, the financial expert pointed out.

Undesirable base results caused by the drop in food costs in the 2nd half of last year will press food inflation greater.

This, core rate pressures could pick up a little more over the coming months.

Wholesale price inflation is less essential for policymaking than CPI Inflation, the central bank is likely to take hearken of the rise in August.

“And with CPI inflation having actually also sped up last month, we think that the reserve bank will refrain from loosening up monetary policy any further,” Shah anticipated.

Capital Economics expects the repo rate to stay on hold at 6.00 percent over the next 12 months.

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading suggestions for September 14, 2017 888011000 110888 Daily Outlook In February 2017, the depicted short-term sag was initiated around the portrayed supply zone (0.7310-0.7380). However, a current bullish breakout above the downtrend line happened on May 22. Considering thatthen, the market has been bullish as portrayed on the chart.The price zone of 0.7150-0.7230(Key-Zone)stood as a momentary resistance zone tilla bullish breakout was expressed above 0.7230. This led to a fast bullish advance to the next supply zone around 0.7310-0.7380 which was temporarily breached to the upside.Recent bearish pullback was executed to the cost zone of 0.7310-0.7380(newly-established demand-zone) which failed to offer enough bullish support for the NZD/USD pair.Re-consolidation below the price level of 0.7300 improves the bearish side of the marketplace. This brings the NZD/USDpair again to 0.7230-0.7150 (Key-Zone) where recent weak bullish recovery was manifested earlier in September.An irregular Head and Shoulders pattern is being revealed on the portrayed chart indicating high probability of bearish turnaround. Breakdown of the neck line 0.7150 confirms the turnaround pattern. Anticipated bearish targets lie around 0.7050, 0.6925 and ultimately 0.6800. The product has been provided by InstaForex Company- www.instaforex.com

By | September 14, 2017

analytics59ba7f5c4c4df.png

Daily Outlook

In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380).

However, a recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart.

The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 which was temporarily breached to the upside.

Recent bearish pullback was executed towards the price zone of 0.7310-0.7380 (newly-established demand-zone) which failed to offer enough bullish support for the NZD/USD pair.

Re-consolidation below the price level of 0.7300 enhances the bearish side of the market. This brings the NZD/USD pair again towards 0.7230-0.7150 (Key-Zone) where recent weak bullish recovery was manifested earlier in September.

An atypical Head and Shoulders pattern is being expressed on the depicted chart indicating high probability of bearish reversal.

Breakdown of the neckline 0.7150 confirms the reversal pattern. Expected bearish targets are located around 0.7050, 0.6925 and eventually 0.6800.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for September 14, 2017 888011000 110888 Regular monthly Outlook In January 2015, the EUR/USD pair moved listed below the major need levels near 1.2050-1.2100(several previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was forecasted toward 0.9450. In March 2015, EUR/USD bears challenged the month-to-month demand level around 1.0500, which had been formerly reached in August 1997. In thelonger term, the level of 0.9450 stays a predicted target if any month-to-month candlestick achieves bearish closure below the illustrated month-to-month demand level of 1.0500. The EUR/USD pair has been caught within the portrayed debt consolidation variety(1.0500-1.1450)until the existing bullish breakout was performed above 1.1450. The existing bullish breakout above 1.1450 permits a fast bullish advance to 1.2100 where cost action must be looked for obvious bearish rejection and a valid SELL Entry. Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was developed around 1.0500. Ever since, evident bullish momentum has been expressed on the chart.As expected, the ongoing bullish momentum allowed the EUR/USD set to pursue further bullish advancetowards 1.1415-1.1520( Previous Daily Supply-Zone). The everyday supply zone cannot stop briefly the ongoing bullish momentum. Rather, evident bullish breakout is being experienced on the chart. The next Supply level to meet the set lies around 1.2100(Level of previous numerous bottoms )where bearish rejection and a legitimate SELL entry can be anticipated.On the other hand, If bearish pullback continues listed below 1.1800 and 1.1700, the rate zone of 1.1415-1.1520 can be looked for a valid BUY entry The material has been supplied by InstaForex Business – www.instaforex.com

By | September 14, 2017

analytics59ba7eec64f89.png

Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

However, the EUR/USD pair has been trapped within the depicted consolidation range (1.0500-1.1450) until the current bullish breakout was executed above 1.1450.

The current bullish breakout above 1.1450 allows a quick bullish advance towards 1.2100 where price action should be watched for evident bearish rejection and a valid SELL Entry.

analytics59ba7ef5ddf8d.png

Daily Outlook

In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further bullish advance towards 1.1415-1.1520 (Previous Daily Supply-Zone).

The daily supply zone failed to pause the ongoing bullish momentum. Instead, evident bullish breakout is being witnessed on the chart. The next Supply level to meet the pair is located around 1.2100 (Level of previous multiple bottoms) where bearish rejection and a valid SELL entry can be anticipated.

On the other hand, If bearish pullback persists below 1.1800 and 1.1700, the price zone of 1.1415-1.1520 can be watched for a valid BUY entry

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

Jonathon Alexander

Technical analysis of USD/JPY for September 14, 2017 888011000 110888 All our long targets which we anticipated in our previous analysis has been struck. USD/JPY is still expected to continue the upward movement. The set is holding on the advantage and is trading above its increasing 50-period moving average, which plays an assistance function. The relative strength index is above its neutrality level and does not have downward momentum. As long as 110.25 holds on the downside, look for an additional advance with targets at 110.90 and 111.30 in extension. If the price relocations in the opposite direction, a brief position is recommended below 110.25 with a target at 110.90. Chart Explanation: The black line reveals the pivot point. The existing price above the pivot point suggests a bullish position, while the rate below the pivot point is a signal for a short position.The red lines reveal the support levels and the green line showsthe resistance level. These levels can be utilized to leave and enter trades.Strategy: BUY, Stop Loss: 110.25 , Take Revenue: 110.90 Resistance levels: 110.90, 111.30, and 111.80 Assistance Levels: 109.90, 109.60, 109.05 The product has been supplied by InstaForex Business -www.instaforex.com

By | September 14, 2017

USDJPYM30.png

All our long targets which we predicted in our previous analysis has been hit. USD/JPY is still expected to continue the upward movement. The pair is holding on the upside and is trading above its rising 50-period moving average, which plays a support role. The relative strength index is above its neutrality level and lacks downward momentum.

Hence, as long as 110.25 holds on the downside, look for a further advance with targets at 110.90 and 111.30 in extension.

Alternatively, if the price moves in the opposite direction, a short position is recommended below 110.25 with a target at 110.90.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: BUY, Stop Loss: 110.25, Take Profit: 110.90

Resistance levels: 110.90, 111.30, and 111.80 Support Levels: 109.90, 109.60, 109.05

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

Jonathon Alexander