AUD/USD above strong support, time to buy

By | June 16, 2017

Cost is evaluating significant support at 0.7567 (Fibonacci retracement, horizontal overlap assistance )and we anticipate to see a bounce above this level to at least 0.7632 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,5,3) is seeing strong support above our 5.8% level and we anticipate price to bounce up as stochastic approaches this level.Buy above 0.7567. Stop loss at 0.7520. Take profit at 0.7632.

analytics5943ea4b11f43.png

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

Jonathon Alexander

AUD/JPY earnings target reached again, prepare to offer

By | June 16, 2017

Price has actually shot up and reached our profit target perfectly. We

prepare to offer below 84.53 resistance(Fibonacci extension, horizontal swing high resistance )for a push down to at least 83.90 assistance(Fibonacci retracement, horizontal pullback support ). Stochastic (34,5,3)is seeing strong resistance listed below 93% where we expect

a drop from.Correlation analysis: We’re expecting basic JPY strength with drops on EUR/JPY and AUD/JPY expected.Sell below 84.53. Stop loss at 84.88. Take earnings at 83.90.< img width ="450"src="http://qkfx.com/wp-content/uploads/2017/06/audjpy-profit-target-reached-again-prepare-to-sell.png"alt =" analytics5943ea2cb1ee1.png"/ > The product has been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander

Technical analysis of USD/JPY for June 16, 2017 888011000 110888 USD/JPY is expected to trade with a bullish bias. The set is trading above the rising 20-period and 50-period moving averages, which play support functions and preserve the benefit predisposition. The relative strength index is bullish and calls for a further benefit. As long as 110.70 is not broken, look for a new increase to 111.70 and even to 112.05 in extension. If the cost moves in the opposite instructions as forecasted, short position is suggested below 110.70 with targets at 110.20 and 109.80. Chart Explanation: The black line reveals the pivot point, present cost above pivot point shows the bullish position and listed below pivot pointssuggest the short position. The red lines show the assistancelevels and the green line shows the resistance levels. These levels can be used to enter and exit trades.Strategy: PURCHASE, Stop Loss: 110.70, Take Revenue: 111.70 Resistance levels: 111.70, 112.05, and 112.45 Support levels: 110.20,109.80, and 109.35 The material has been provided by InstaForex Business-www.instaforex.com

By | June 16, 2017

USDJPYM30.png

USD/JPY is expected to trade with a bullish bias. The pair is trading above the rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is bullish and calls for a further upside.

Therefore, as long as 110.70 is not broken, look for a new rise to 111.70 and even to 112.05 in extension.

Alternatively, if the price moves in the opposite direction as predicted, short position is recommended below 110.70 with targets at 110.20 and 109.80.

Chart Explanation: The black line shows the pivot point, present price above pivot point indicates the bullish position and below pivot points indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy : BUY, Stop Loss: 110.70, Take Profit: 111.70

Resistance levels: 111.70, 112.05, and 112.45

Support levels: 110.20,109.80, and 109.35

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

Jonathon Alexander

Technical analysis of USD/CHF for June 16, 2017 888011000 110888 USD/CHF is expected to advance further. The set is holding on the advantage and is trading above the increasing 50-period moving average, which plays a support role. The relative strength index is mixed with bullish bias. The downside potential ought to be restricted by the crucial support at 0.9720. To sum up, as long as this crucial level is not broken, a further rise to 0.9780 as well as to 0.9805 appears most likely to take place. Graph Description: The black line reveals the pivot point, present rate above pivot point shows the bullish position and listed below pivot points suggests the brief position. The red lines show the support levelsand the green line indicates the resistance levels. These levels can be used to leave and go into trades.Strategy: BUY at dips, Stop Loss: 0.9720, Take Earnings: 0.9780 Resistance levels: 0.9780, 0.9805, and 0.9875 Assistance levels: 0.9695, 0.9680, and 0.9600 The material has actually been offered by InstaForex Business-www.instaforex.com

By | June 16, 2017

USDCHFM30.png

USD/CHF is expected to advance further. The pair is holding on the upside and is trading above the rising 50-period moving average, which plays a support role. The relative strength index is mixed with bullish bias. The downside potential should be limited by the key support at 0.9720.

To sum up, as long as this key level is not broken, a further rise to 0.9780 and even to 0.9805 seems more likely to occur.

Graph Explanation: The black line shows the pivot point, present price above pivot point indicates the bullish position and below pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy:BUY at dips, Stop Loss: 0.9720, Take Profit: 0.9780

Resistance levels: 0.9780, 0.9805, and 0.9875

Support levels: 0.9695, 0.9680, and 0.9600

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

Jonathon Alexander

Intraday technical levels and trading suggestions for NZD/USD for June 16, 2017 888011000 110888 Daily Outlook The NZD/USD pair has actually been trending-up within the illustratedbullish channel given that January 2016. In November 2016, early signs of bullish weakness wereexpressed on the chart when the set market cannot tape a brand-new high above 0.7400. Bearish breakout ofthe lower limit of the channel took place in December 2016. In February 2017, the portrayed short-term downtrend was initiated of the depicted supply zone(0.7310-0.7380). A recent bullish breakout above the sag line took location on May 22. Since then, the marketplace has been bullish as depicted on the chart.The price zone of 0.7150-0.7230(SUPPLY-ZONE in confluence with 61.8% Fibonacci level)stood as a temporary Resistance-Zoneuntil bullish breakout was revealed above 0.7230. This led to a fast bullish advance to the next Supply-Zone around 0.7310-0.7380. As anticipated, Evident bearish rejection was expressed around 0.7310. This brought the pair once again inside the previous congestion zone(0.7230-0.7150 ). Trade recommendations: Conservative traders can awaita bearish closure below the existing zone. B earish closure below 0.7150(61.8 %Fibo level )suggests a valid SELL signal.S/ L should be placed above 0.7250 while T/P levels should be placed at 0.7050, 0.6970, and 0.6850. The product has been offered by InstaForex Business-www.instaforex.com

By | June 16, 2017

analytics5943c96a90215.png

Daily Outlook

The NZD/USD pair has been trending-up within the depicted bullish channel since January 2016.

In November 2016, early signs of bullish weakness were expressed on the chart when the pair market failed to record a new high above 0.7400.

Bearish breakout of the lower limit of the channel took place in December 2016.

In February 2017, the depicted short-term downtrend was initiated of 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 (SUPPLY-ZONE in confluence with 61.8% Fibonacci level) stood as a temporary Resistance-Zone until bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next Supply-Zone around 0.7310-0.7380.

As anticipated, Evident bearish rejection was expressed around 0.7310. This brought the pair again inside the previous congestion zone (0.7230-0.7150).

Trade recommendations:

Conservative traders can wait for a bearish closure below the current zone. Bearish closure below 0.7150 (61.8% Fibo level) indicates a valid SELL signal.

S/L should be placed above 0.7250 while T/P levels should be placed at 0.7050, 0.6970, and 0.6850.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for June 16, 2017 888011000 110888 Daily Outlook In January 2017, the previous sag reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum hasbeen expressed on the chart.The next daily supply level for the EUR/USD set lies in between 1.1400-1.1520 where rate action ought to be expected possible bearish rejection.Recent Update: The rate levels around 1.1280-1.1295 constituted Intraday resistance where the present bearish movement was initiated.The current bearish pullback will probably extend to 1.1110 and 1.1000 as long as the EUR/USD pair keeps trading below 1.1170. On the other hand, a bullish breakout above 1.1285will be mandatoryto pursue further bullish advance towards 1.1400. H4 Outlook By the end of recently, substantial bullish rejection was revealed around the cost level of 1.1170(Lower Limit of the wedge pattern in confluence with 61.8 %Fibonacci Level).As expected, substantial bearish rejection was expressed around the portrayed supply level 1.1280-1.1295(The ceiling of the wedge pattern). This was followed by bearish breakdown of the lower limitation ofthe wedge-pattern as well.Today, bearish perseverance listed below 1.1170(lower limit of the wedge pattern and 61.8% Fibonacci level)willbe had to improve more bearish decline towards 1.1110 and 1.1050. Trade recommendations: A legitimate OFFER entry can be considered around the rate levels of 1.1170(61.8 %Fibonacci Level). S / L must be placed above 1.1230 while T/P levels must be positioned at 1.1100, 1.1050, and 1.0850. The material has actually been provided by InstaForex Company-www.instaforex.com

By | June 16, 2017

analytics5943c80a88e36.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.

The next daily supply level for the EUR/USD pair is located between 1.1400-1.1520 where price action should be watched for possible bearish rejection.

Recent Update: The price levels around 1.1280-1.1295 constituted Intraday resistance where the current bearish movement was initiated.

The current bearish pullback will probably extend towards 1.1110 and 1.1000 as long as the EUR/USD pair maintains trading below 1.1170.

On the other hand, a bullish breakout above 1.1285 will be mandatory to pursue further bullish advance towards 1.1400.

analytics5943c8162db5b.png

H4 Outlook

By the end of last week, significant bullish rejection was expressed around the price level of 1.1170 (Lower Limit of the wedge pattern in confluence with 61.8% Fibonacci Level).

As anticipated, significant bearish rejection was expressed around the depicted supply level 1.1280-1.1295 (The upper limit of the wedge pattern). This was followed by bearish breakdown of the lower limit of the wedge-pattern as well.

Today, bearish persistence below 1.1170 (lower limit of the wedge pattern and 61.8% Fibonacci level) will be needed to enhance further bearish decline towards 1.1110 and 1.1050.

Trade recommendations:

A valid SELL entry can be considered around the price levels of 1.1170 (61.8% Fibonacci Level).

S/L should be placed above 1.1230 while T/P levels should be placed at 1.1100, 1.1050, and 1.0850.

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

Jonathon Alexander

Technical analysis of GBP/JPY for June 16, 2017 888011000 110888 GBP/JPY is expected to move higher and continue the rebound. The set bounced off its support at 122.35 last night, and is anticipated to post a new rebound. As both the 20-period and 50-period moving averages are turning up, they must continue to push the costs higher. In addition, the closest assistanceat 123.10 should likewise limit any down efforts. The relative strength index is bullish and requires more benefit. As long as 141.00 is assistance, we expect for an advance to 142.75 and 143.35 in extension. If the cost moves in the opposite instructions as forecasted, a short position is advised below 141.00 with targets at 142.75 and 141.80. Chart Description: The black line shows the pivot point. The rate above pivot point suggests the bullish position and when it is below pivot points, it shows the brief position. The red lines reveal the assistance levels and the green line indicates the resistance levels. These levels can be used to get in and leave trades.Strategy: BUY, Stop Loss: 141.00, Take Profit: 142.75 Resistance levels: 142.75,143.35, and 144.00 Support levels: 140.35,139.85, and 139 The material has actually been offered by InstaForex Business- www.instaforex.com

By | June 16, 2017

GBPJPYM30.png

GBP/JPY is expected to move higher and continue the rebound . The pair bounced off its support at 122.35 last night, and is expected to post a new rebound. As both the 20-period and 50-period moving averages are turning up, they should continue to push the prices higher. In addition, the nearest support at 123.10 should also limit any downward attempts. The relative strength index is bullish and calls for further upside.

Hence, as long as 141.00 is support, we expect for an advance to 142.75 and 143.35 in extension.

Alternatively, if the price moves in the opposite direction as predicted, a short position is recommended below 141.00 with targets at 142.75 and 141.80.

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

Strategy: BUY, Stop Loss: 141.00, Take Profit: 142.75

Resistance levels: 142.75, 143.35, and 144.00

Support levels: 140.35,139.85, and 139

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

Jonathon Alexander

GBP/USD analysis for June 16, 2017 888011000 110888 Recently, the GBP/USD set has actually been trading sideways at the rate of 1.2770 According to the 15M timespan, I found a big buying climax in the background and a damaged symmetrical triangle, which is an indication that purchasinglooks risky. My recommendations is to watch for sellingopportunities. The downward target is set at the rate of 1.2730 and1.2700. Resistance levels: R1: 1.2785 R2: 1.2800 R3: 1.2810 Support levels: S1: 1.2760 S2: 1.2750 S3: 1.2735 Trading suggestions for today: watch for possible selling opportunities.The material has been supplied by InstaForex Company-www.instaforex.com

By | June 16, 2017

analytics5943beabb8786.png

Recently, the GBP/USD pair has been trading sideways at the price of 1.2770 According to the 15M time frame, I found a big buying climax in the background and a broken symmetrical triangle, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2730 and 1.2700.

Resistance levels:

R1: 1.2785

R2: 1.2800

R3: 1.2810

Support levels:

S1: 1.2760

S2: 1.2750

S3: 1.2735

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Technical analysis of NZD/USD for June 16, 2017 888011000 110888 NZD/USD is anticipated to trade with a bullish predisposition above 0.7185. The set is holding strongly above its essential assistance at 1.3225, and might post some consolidations before an additional advance. The process of greater highs and lows stays undamaged on the prices, which need to confirm a positive outlook. Besides, the relative strength index does not have down momentum.Hence, as long as 0.715 is not broken, try to find a restricted consolidation before a new rise to 0.7280and 0.7300 in extension. Method: BUY at dips, Stop Loss: 0.7185, Take Revenue: 0.7280 Chart Explanation: The black line shows the pivot point; today rate above pivot point shows the bullish position and below pivot points indicate the brief position. The red lines reveal the support levels and the green line shows the resistance levels. These levels can be utilized to go into and exit trades.Resistance levels: 0.7280, 0.7300, and 0.7345 Support levels: 0.7160, 0.7125, and 0.7100 The material has actually been offered by InstaForex Company-www.instaforex.com

By | June 16, 2017

NZDUSDM30.png

NZD/USD is expected to trade with a bullish bias above 0.7185. The pair is holding firmly above its key support at 1.3225, and may post some consolidations before a further advance. The process of higher highs and lows remains intact on the prices, which should confirm a positive outlook. Besides, the relative strength index lacks downward momentum.

Hence, as long as 0.715 is not broken, look for a limited consolidation before a new rise to 0.7280 and 0.7300 in extension.

Strategy: BUY at dips, Stop Loss: 0.7185, Take Profit: 0.7280

Chart Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7280, 0.7300, and 0.7345

Support levels: 0.7160, 0.7125, and 0.7100

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

Jonathon Alexander

EUR/USD analysis for June 16, 2017 888011000 110888 Just recently, the EUR/USD pair has been trading sideways at the price of 1.1174. According to the 5M time frame, I discovered a damaged upward trendline and damaged H3( Camarilla resistance), which is an indication that buying looks dangerous. My recommendationsis to look for selling opporutntiies. The downward target is set at the cost of 1.1120. Resistance levels: R1: 1.1175 R2: 1.1185 R3: 1.1200 Support levels: S1: 1.1145 S2: 1.1130 S3: 1.1115 Trading recommendations for today: expect potential selling opportunities.The material has been provided by InstaForex Business-www.instaforex.com

By | June 16, 2017

analytics5943bc8a6eb33.png

Recently, the EUR/USD pair has been trading sideways at the price of 1.1174. According to the 5M time frame, I found a broken upward trendline and broken H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opporutntiies. The downward target is set at the price of 1.1120.

Resistance levels:

R1: 1.1175

R2: 1.1185

R3: 1.1200

Support levels:

S1: 1.1145

S2: 1.1130

S3: 1.1115

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander