Technical analysis of GBP/CHF for December 2, 2016 888011000 110888 GBP/CHF discovered strong assistance at 50-Moving Average that it has actually been rejecting for a number of times. It looks very much like an uptrend will continue a minimum of to evaluate 0% Fibs applied to the rising channel breakout.Consider purchasing GBP/CHFon small pullbacks to target 0%Fibs (1.2908). Suggested stop loss is below 50-Moving Typical. If it manages to break above the 0%Fibs target, cost may go much additional up.Support: 1.2670 Resistance: 1.2908 The material has actually been offered by InstaForex Company- www.instaforex.com

By | December 2, 2016

GBP/CHF found strong support at 50-Moving Average that it has been rejecting for a number of times. It looks very much like an uptrend will continue at least to test 0% Fibs applied to the ascending channel breakout.

Consider buying GBP/CHF on small pullbacks to target 0% Fibs (1.2908). Suggested stop loss is below 50-Moving Average. If it manages to break above the 0% Fibs target, price might go much further up.

Support: 1.2670

Resistance: 1.2908

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

Jonathon Alexander

Technical analysis of CAD/CHF for December 2, 2016 888011000 110888 CAD/CHF continues to trade up and presently is above both 50- and 200-Moving Averages. Price broke above the descending channel where Fibonacci used to the channel breakout point shows that closest target is 0.7622 which hasn’t been tested. If broken, CAD/CHF might go further up to test 0% Fibs (0.7795).Think about purchasing CAD/CHF on little pullbacks targeting either 23.6% or 0% Fibs. Recommended stop loss is listed below 50-Moving Average.Support: 0.7115 Resistance: 0.7622, 0.7795 The product has been offered by InstaForex Company- www.instaforex.com

By | December 2, 2016

CAD/CHF continues to trade up and currently is above both 50- and 200-Moving Averages. Price broke above the descending channel where Fibonacci applied to the channel breakout point indicates that nearest target is 0.7622 which hasn’t been tested yet. If broken, CAD/CHF could go further up to test 0% Fibs (0.7795).

Consider buying CAD/CHF on small pullbacks targeting either 23.6% or 0% Fibs. Suggested stop loss is below 50-Moving Average.

Support: 0.7115

Resistance: 0.7622, 0.7795

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

Jonathon Alexander

Gold analysis for December 02, 2016 888011000 110888 Given that our previous analysis, gold has been moving sideways at the cost of$1,171.00. Using the market profile on 30M time frame, I discovered yesterday’s point of control at the rate of $1,167.00. Cost is trading listed below 21SMA, which is a sign of weak point.Take care when buying and watch for potential selling chances. The first downwardtarget is set at the cost of$1,160.80(swing low). Fibonacci pivot points: Resistance levels: R1: 1,172.75 R2: 1,176.20 R3: 1,181.80 Assistance levels: S1: 1,161.60 S2: 1,158.20 S3: 1,152.60 Trading recommendations for today: Sellers remain in control today, so look for selling opportunities.The material has actually been provided by InstaForex Company- www.instaforex.com

By | December 2, 2016

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Since our previous analysis, gold has been moving sideways at the price of $1,171.00. Using the market profile on 30M time frame, I found yesterday’s point of control at the price of $1,167.00. Price is trading below 21SMA, which is a sign of weakness. Be careful when buying and watch for potential selling opportunities. The first downward target is set at the price of $1,160.80 (swing low).

Fibonacci pivot points:

Resistance levels:

R1: 1,172.75

R2: 1,176.20

R3: 1,181.80

Support levels:

S1: 1,161.60

S2: 1,158.20

S3: 1,152.60

Trading recommendations for today: Sellers are in control today, so watch for selling opportunities.

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

Jonathon Alexander

<aEUR/NZD analysis for December 02, 2016 888011000 110888 Just recently, EUR/NZD has been moving upwards. As I anticipated, the price tested the level of 1.5063 in a high volume. Anyhow, using the marketplace profile chart on 30M timespan, I found that purchasers lost power near the cost of 1.5063 which buying at this phase looks risky. I found a breakout of the upward trendline and price is tradinglisted below 21SMA, which is a sign of weak point. When purchasing EUR/NZD and watch for prospective selling opportunities, be cautious. A dDownward target is set at the rate of 1.4935 . FibonacciPivot Points: Resistance levels R1: 1.5065 R2: 1.5095 R3: 1.5145 Assistancelevels: S1: 1.4965 S2: 1.4935 S3: 1.4880 Trading recommendations for today: watch for offering opportunities.The material has been supplied by InstaForex Company- www.instaforex.com

By | December 2, 2016

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Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5063 in a high volume. Anyway, using the market profile chart on 30M time frame, I found that buyers lost power near the price of 1.5063 and that buying at this stage looks risky. I found a breakout of the upward trendline and price is trading below 21SMA, which is a sign of weakness. Be careful when buying EUR/NZD and watch for potential selling opportunities. A dDownward target is set at the price of 1.4935.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5065

R2: 1.5095

R3: 1.5145

Support levels:

S1: 1.4965

S2: 1.4935

S3: 1.4880

Trading recommendations for today: watch for selling opportunities.

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

Jonathon Alexander

USD/CAD intraday technical levels and trading recommendations for December 2, 2016 888011000 110888 On May 16, a bullish pullback towards 1.3000 (61.8%Fibonacci level)was expected to use a legitimate signal to sell the USD/CAD set. Nevertheless, a lack of a significant bearish rejection appeared throughout current consolidations.On May 18, momentary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way to the 1.3180 level wheresubstantial bearish pressure was originated.Bearish determination below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market.However, on August 18 signs of bullish recovery appearedaround the rate level of 1.2830 which led to the present bullish breakout above 1.3000. The USD/CAD pair was caught between the cost levels of 1.3000(61.8 %Fibonacci level)and 1.3360(50%Fibonacci level)till a bullish breakout occurred 3 weeks ago.Note that the USD/CAD pair was challenging the ceiling of the depicted flag pattern around 1.3360-1.3400 which failed to use adequate bearish pressure on the pair.Bullish perseverance above 1.3360 will most likely free a quick bullish movement to 1.3650 unless the pair persists below the rate level of 1.3360 until the weekly closure.The product has actually been provided by InstaForex Company- www.instaforex.com

By | December 2, 2016

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On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations.

On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant bearish pressure was originated.

Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market.

However, on August 18 signs of bullish recovery were manifested around the price level of 1.2830 which led to the current bullish breakout above 1.3000.

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 three weeks ago.

Note that the USD/CAD pair was challenging the upper limit of the depicted flag pattern around 1.3360-1.3400 which failed to apply enough bearish pressure on the pair.

Bullish persistence above 1.3360 will probably liberate a quick bullish movement towards 1.3650 unless the pair persists below the price level of 1.3360 until the weekly closure.

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

Jonathon Alexander

Fxwirepro Commodities Watch (meats):

By | December 2, 2016

In this Products Enjoy, we present to our readers, the efficiency of commodities, which in turn choose the wellbeing of lots of product producing and taking in nations. For instance, India is a significant consumer of oil, so if the price goes greater, it may drag the nation’& rsquo; s trade balance as it imports the majority of its consumption.

There has been a change in tide in the products market, which we feel is of utmost importance to keep a tab on. Why?

Historically speaking, a rise in product prices has actually activated a vicious domino effect. Initially, the rates of commodities go up, which in turn triggers an increase in inflation, which again has historically triggered selloffs in bonds, which has not been good for equities sometimes. In a world, where central banks have offered unprecedented stimulus, the rise in inflation is the most significant possible danger.

In this post, we examine the YTD efficiency of the meats and products, which are consumer in big parts of the world.

  • In this pack, Milk has been the very best entertainer with 22 percent YTD gains.
  • The rest of the pack haven’& rsquo; t carried out well. The worst entertainer has been feeder Cattle, which is down by 20.1 percent up until now this year, followed by Live Livestock (-17.8 percent), and lean hogs (-17.2 percent).

This group is the worst performer amongst all the products with 8.3 percent YTD loss on an average.The material

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

Jonathon Alexander

NZD/USD Intraday technical levels and trading suggestions for December 2, 2016 888011000 110888 As long as the NZD/USD set continued trading above 0.6860, an additional bullish advance was anticipated towards the upper limit of the depicted channel around 0.7400. Throughout August and September, a consolidation variety was established from the price level of 0.7250 approximately 0.7350. Later on October 20, the lowerlimitation of the combination variety( 0.7250 )stood as a short-term resistance which started a bearish motion towards 0.7100(the lower limitof the portrayed channel). Bullish recovery was expressed around the price level of 0.7100 on October 28. Hence, a double-bottom pattern was revealed onthe chart.Bullish fixation above 0.7250 and 0.7350 was needed to allow an additional bullish advance towards the projected target of the reversal pattern around 0.7450. Substantial signs of a bearish turnaround were expressed around the upper limit of the rate range (0.7350 ). The bearish breakdown of 0.7250( lower limit of theillustrated variety)boosted the bearish side of the marketplace towards the rate level of 0.7100(current bottom of October 28) which was broken as well.Bearish determination below 0.7100 permits a fast decreasetowards 0.6960 (BUY zone) where bullish rejection and a valid BUY entry was anticipated. All T/P levels were successfully achieved.On the other hand, the recent bullish pullback to 0.7120 was considered for offering the NZD/USD set as it made up a recent resistance level. The shooting-star day-to-day candlestick of the other day improves this bearish scenario.S/ L should be set as everyday closure above 0.7150 to decrease the associated risk.The product has actually been supplied by InstaForex Company- www.instaforex.com

By | December 2, 2016

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As long as the NZD/USD pair continued trading above 0.6860, a further bullish advance was expected towards the upper limit of the depicted channel around 0.7400.

During August and September, a consolidation range was established from the price level of 0.7250 up to 0.7350.

Later on October 20, the lower limit of the consolidation range (0.7250) stood as a temporary resistance which initiated a bearish movement towards 0.7100 (the lower limit of the depicted channel).

Bullish recovery was expressed around the price level of 0.7100 on October 28. Hence, a double-bottom pattern was expressed on the chart.

Bullish fixation above 0.7250 and 0.7350 was needed to allow a further bullish advance towards the projected target of the reversal pattern around 0.7450.

However, significant signs of a bearish reversal were expressed around the upper limit of the price range (0.7350).

The bearish breakdown of 0.7250 (lower limit of the depicted range) enhanced the bearish side of the market towards the price level of 0.7100 (recent bottom of October 28) which was broken as well.

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

On the other hand, the recent bullish pullback towards 0.7120 was considered for selling the NZD/USD pair as it constituted a recent resistance level. The shooting-star daily candlestick of yesterday enhances this bearish scenario.

S/L should be set as daily closure above 0.7150 to minimize the associated risk.

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

Jonathon Alexander

<aWorldwide macro summary for 02/12/2016

By | December 2, 2016

Worldwide macro summary for 02/12/2016: The essential fundamental information of the week, the US non-farm work modification report, is arranged to be launched at 01:30 pm GMT today. Nevertheless, all eyes are on the Sunday’s threat events: Italy’s referendum and Austria’s tight governmental election. The latest mean forecast for nonfarm payroll boost in November calls for 177K– a little greater than an increase of 161K in October. Clearly enough that the Federal Reserve will continue with its rate of interest hike. Moreover, the US joblessness is anticipated to remain the same at 4.9% and average hourly wages to increase by 0.2% from a month ago.The chances of the Fed treking rates at its December conference are almost 100% inning accordance with the CME FedWatch Tool. In conclusion, even if today’s tasks data misses some approximate threshold level, the Fed is most likely to make a move in December.

Let’s now have a look at the EUR/USD technical image on the 4H time frame ahead of the NFP release. Bulls have actually handled to break out of the triangle slightly, however the technical resistance at 1.0687 has capped the rally. The market returned to the trading range as it awaits the data release.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for GBP/USD for December 2, 2016 888011000 110888 The price zone in between 1.3845 and 1.3550(historical bottoms embeded in January 2009 )was thought about a substantial demand zone to be watched for a bullish recovery.However, by the end of June a significant bearish break below 1.3550 was expressed as seen on the illustrated charts(fundamental factors). Persistence listed below the demand level at 1.3550 enhanced the bearish scenario towards the existing price levels around 1.2700(nearby bearish projection target). Keep in mind that the GBP/USD pair was caught inside the portrayed debt consolidation variety above 1.2700 until a bearish breakout took place on October 6. Daily determination listed below 1.2700 validated the bearish Flag pattern. That is why, a bearish forecast target can be located around 1.2020. Recently, a bullish recovery appeared around 1.2080. A bullish pullback is being carried out to 1.2700-1.2750. The present bullish pullback towards the rate zone of 1.2700-1.2750 ought to be considered for a valid OFFER entry. The recent bearish engulfing weekly candlestick improves this bearish situation. T/P levels should be found at 1.2300 and 1.2100. The product has been provided by InstaForex Business- www.instaforex.com

By | December 2, 2016

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The price zone between 1.3845 and 1.3550 (historical bottoms set in January 2009) was considered a significant demand zone to be watched for a bullish recovery.

However, by the end of June a significant bearish break below 1.3550 was expressed as seen on the depicted charts (fundamental reasons).

Persistence below the demand level at 1.3550 enhanced the bearish scenario towards the current price levels around 1.2700 (nearest bearish projection target).

Note that the GBP/USD pair was trapped inside the depicted consolidation range above 1.2700 until a bearish breakout took place on October 6.

Daily persistence below 1.2700 confirmed the bearish Flag pattern. That is why, a bearish projection target can be located around 1.2020.

Recently, a bullish recovery was manifested around 1.2080. Therefore, a bullish pullback is being executed towards 1.2700-1.2750.

The current bullish pullback towards the price zone of 1.2700-1.2750 should be considered for a valid SELL entry.

The recent bearish engulfing weekly candlestick enhances this bearish scenario. T/P levels should be located at 1.2300 and 1.2100.

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

Jonathon Alexander