EUR/JPY bounced perfectly and reached our earnings target, time to turn bearish

By | February 1, 2017

Price bounced completely above our purchasing level and reached

our revenue target. We now turn bearish below strong resistance at 122.21( Fibonacci retracement, horizontal overlap resistance )for a drop to a minimum of 121.11 assistance( Fibonacci retracement, Fibonacci projection, horizontal assistance). Stochastic(21,5,3)is approaching 92%resistance from where we expect a reaction.Sell below 122.21. Set stop loss at 122.68 and take revenue at 121.11.< img width= "450"src="

http://qkfx.com/wp-content/uploads/2017/02/eurjpy-bounced-perfectly-and-reached-our-profit-target-time-to-turn-bearish.png”alt=”analytics5891fe3711861.png”/ > The material has actually been provided by InstaForex Business-www.instaforex.com

Jonathon Alexander

USD/CHF stays bullish above major support

By | February 1, 2017

We are bullish above 0.9850 assistance(long-term gold ratio retracement, price action)for a bounce to a minimum of 0.9958 resistance(Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above 6%.

Buy above 0.9850. Set stop loss at 0.9825 and take earnings at 0.9958.

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

Jonathon Alexander

EUR/NZD analysis for February 02, 2017 888011000 110888 Just recently, EUR/NZD has been trading upwards. The cost tested the level of 1.4865. Inning accordance with the 15M timespan, I found concealed bearish divergence on the moving average and head-and-shoulders formation. My advice is to watch for sellingopportunities. Downward targets are set at the levels of 1.4745 and 1.4670. FibonacciPivot Points : Resistance levels R1: 1.4780 R2: 1.4800 R3: 1.4850 Assistance levels: S1: 1.4690 S2: 1.4660 S3: 1.4620 Trading suggestions for today: watch for potential selling opportunities.The product has actually been supplied by InstaForex Business-www.instaforex.com

By | February 1, 2017

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Recently, EUR/NZD has been trading upwards. The price tested the level of 1.4865. According to the 15M time frame, I found hidden bearish divergence on the moving average and head-and-shoulders formation. My advice is to watch for selling opportunities. Downward targets are set at the levels of 1.4745 and 1.4670.

Fibonacci Pivot Points:

Resistance levels

R1: 1.4780

R2: 1.4800

R3: 1.4850

Support levels:

S1: 1.4690

S2: 1.4660

S3: 1.4620

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Gold analysis for February 01, 2017 888011000 110888 Just recently, gold has actually been trading downwards. The price checked the level of $1,202.64. According to the 30M time frame, I discovered a broken upward channel, which is an indication for a possible downward rate. My recommendations is to look for prospective selling opportunities. There is a damaged assistance reside on RSI, which is another indication of weak point. I positionedFibonacci to find possible downward target and I got Fibonacci retracement 61.8%atthe rate of$ 1,194.30. Resistance levels: R1: 1,213.70 R2: 1,218.00 R3: 1,226.80 Support levels: S1: 1,197.50 S2: 1,192.90 S3: 1,184.55 Trading suggestions for today : Look for prospective selling opportunities.The material has been provided by InstaForex Company -www.instaforex.com

By | February 1, 2017

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Recently, gold has been trading downwards. The price tested the level of $1,202.64. According to the 30M time frame, I found a broken upward channel, which is a sign for a potential downward price. My advice is to watch for potential selling opportunities. There is a broken support live on RSI, which is another sign of weakness. I placed Fibonacci to find potential downward target and I got Fibonacci retracement 61.8% at the price of $1,194.30.

Resistance levels:

R1: 1,213.70

R2: 1,218.00

R3: 1,226.80

Support levels:

S1: 1,197.50

S2: 1,192.90

S3: 1,184.55

Trading recommendations for today: Watch for potential selling opportunities.

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

Jonathon Alexander

Day-to-day analysis of significant sets for February 1, 2017 888011000 110888 EUR/USD: In spite of the bearish correction that was witnessed on this set, rate has actually resumed another bullish walk. The EMA 11 is above the EMA 56 and the Williams’ % Variety duration 20 is now in the overbought region. This indicates that, while a pullback is a possibility, cost may likely walk further northwards. USD/CHF: The currency trading instrument is bearish in the outlook as cost has actually gone further downwards today. There is a Bearish Confirmation Pattern on the chart and even more downwards movement is anticipated considering that USD is dealing with challenges on two fronts: a. strong EUR and a strong CHF. GBP/USD: The. downwards movement that was seen on Monday and Tuesday has actually proven to bea great. chance to go long, in conjunction with the extant bullish trend. Cost is. currently above the build-up territory at 1.2600, going to the. circulation territories at 1.2650 and 1.2700. These are the targets for the. week. USD/JPY: The USD/JPY set went. down by 250 pips today, reaching a low of 112.07. The current outlook on. the market is bearish and the upward bounce might end up being another chance. to offer. Price has reached a low of 112.07, and it might reach it again. That is. the target for the rest of the week. EUR/JPY: The movement of EUR/JPY was quite just like the movement of USD/JPY. The market went. down on Monday and Tuesday( in the middle of a significant quantity of volatility), and after that. beganmoving upwards. The bias on the market is basically neutral and a. motion above the supply zone at 116.00 would result in a bullish signal,. while a motion listed below the need zone at 120.00 would result in a bearish. signal. The material has actually been provided by InstaForex Company- www.instaforex.com

By | February 1, 2017

EUR/USD: In spite of the bearish
correction that was witnessed on this pair, price has resumed another bullish
walk. The EMA 11 is above the EMA 56 and the Williams’ % Range period 20 is now
in the overbought region. This means that, while a pullback is a possibility,
price might likely walk further northwards.

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USD/CHF: The currency
trading instrument is bearish in the outlook as price has gone further downwards
this week. There is a Bearish Confirmation Pattern on the chart and further
downwards movement is expected since USD is facing challenges on two fronts: a
strong EUR and a strong CHF.

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GBP/USD: The
downwards movement that was seen on Monday and Tuesday has proven to be a good
opportunity to go long, in conjunction with the extant bullish trend. Price is
currently above the accumulation territory at 1.2600, going towards the
distribution territories at 1.2650 and 1.2700. These are the targets for the
week.

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USD/JPY: The USD/JPY pair went
down by 250 pips this week, reaching a low of 112.07. The current outlook on
the market is bearish and the upward bounce may turn out to be another opportunity
to sell. Price has reached a low of 112.07, and it may reach it again. That is
the target for the rest of the week.

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EUR/JPY: The movement of EUR/JPY was quite similar to the movement of USD/JPY. The market went
down on Monday and Tuesday (amid a considerable amount of volatility), and then
started moving upwards. The bias on the market is essentially neutral and a
movement above the supply zone at 116.00 would result in a bullish signal,
while a movement below the demand zone at 120.00 would result in a bearish
signal.

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

Jonathon Alexander

Franc Little Changed After Swiss PMI

By | February 1, 2017

Swiss SVME acquiring managers index for January was released at 3:30 am ET Wednesday.

After the data, the Swiss franc changed little bit against its significant competitors.

Since 3:31 am ET, the euro was trading at 1.2444 against the pound, 1.0681 against the euro, 0.9897 against the U.S. dollar and 114.55 versus the yen.

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

Jonathon Alexander

USD/CAD intraday technical levels and trading suggestions for February 1, 2017 888011000 110888 The USD/CAD pair was trapped between the rate levels of 1.3000(61.8%Fibonacci level) and 1.3360(50%Fibonacci level)till a bullish breakout occurred one month ago.The set challenged the upper limit of the illustrated channel around 1.3360-1.3400 which was successful to apply adequate bearish pressure on the pair.Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550. Bearish determination listed below the rate level of 1.3300 (50%Fibonacci Level)was achieved.This permitted a further decrease towards 1.3200 and 1.3080(the lower limit of the illustrated channel )where bullish rejection was expressed as anticipated.A bullish breakout above 1.3360(50%Fibonacci level )was anticipated to enable a further advance toward 1.3700-1.3750( the upper limit of the depicted channel). Significant bearish rejection was revealed around 1.3580(recent established top). The cost level of 1.3300(50 %Fibonacci Level)cannot supply adequate assistance for the recent bearish pullback.That’s why, the current bearish pullback towards 1.3000(61.8 %Fibonacci level )offered a legitimate BUY entry as anticipated in previous articles.This week, a bullish breakout above 1.3300(50% Fibonacci Level )is had to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair stays caught within the current consolidation range(1.3000-1.3300). The material has been offered by InstaForex Business-www.instaforex.com

By | February 1, 2017

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The USD/CAD pair was trapped between the price levels of 1.3000 (61.8% Fibonacci level) and 1.3360 (50% Fibonacci level) until a bullish breakout took place one month ago.

The pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair.

Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550.

Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was achieved.

This allowed a further decline toward 1.3200 and 1.3080 (the lower limit of the depicted channel) where bullish rejection was expressed as anticipated.

A bullish breakout above 1.3360 (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 (recent established top).

The price level of 1.3300 (50% Fibonacci Level) failed to provide enough support for the recent bearish pullback.

That’s why, the recent bearish pullback toward 1.3000 (61.8% Fibonacci level) offered a valid BUY entry as expected in previous articles.

This week, a bullish breakout above 1.3300 (50% Fibonacci Level) is needed to enhance bullish advance toward 1.3440 and 1.3550. Otherwise, the USD/CAD pair remains trapped within the current consolidation range (1.3000-1.3300).

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading recommendations for February 1, 2017 888011000 110888 On November 8, substantial indications of a bearish reversal were revealed around the ceiling of the depicted consolidation variety(0.7350). Bearish perseverance below 0.7100 enabled a quick decrease toward 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were effectively achieved.Once again, bearish persistence below the cost level of 0.7100enabled the NZD/USD set to pursue towards lower target levels around 0.6990(the ceiling of the depicted BUY zone). The cost level of 0.6990 cannot apply enough bullish pressure. Instead of that, bearish movement continued towards the lower limitation of the depicted BUY zone(0.6860 )which supplied substantial bullish rejection on December 23. The NZD/USD pair was trapped withinthe illustrated cost variety(0.6860-0.6990)till a bullish breakout occurred.A bullish breakout above 0.7000 allowed the set to head toward the cost level of 0.7100(Key-Level )which cannot provide enough bearish pressure on the pair.Bullish perseverance above 0.7100 enabled even more bullish advance towards 0.7250-0.7350 (Sell-Zone )where a valid OFFER entry can be used if sufficient bearish pressure is preserved( Note the bearish engulfing everyday candlestick of Thursday). On the other hand, bullish closure above 0.7350 frees a quick bullish movement towards 0.7450.The product has been provided by InstaForex Business – www.instaforex.com

By | February 1, 2017

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On November 8, significant signs of a bearish reversal were expressed around the upper limit of the depicted consolidation range (0.7350).

Bearish persistence below 0.7100 allowed a quick decline toward 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were successfully achieved.

Once again, bearish persistence below the price level of 0.7100 enabled the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the depicted BUY zone).

The price level of 0.6990 failed to apply enough bullish pressure. Instead of that, bearish movement continued toward the lower limit of the depicted BUY zone (0.6860) which provided significant bullish rejection on December 23.

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

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

Bullish persistence above 0.7100 allowed further bullish advance toward 0.7250-0.7350 (Sell-Zone) where a valid SELL entry can be offered if enough bearish pressure is maintained (Note the bearish engulfing daily candlestick of Thursday).

On the other hand, bullish closure above 0.7350 liberates a quick bullish movement towards 0.7450.

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

Jonathon Alexander