Trading Plan for EUR/USD and Gold for April 13, 2017 888011000 110888 Technical outlook: Finally, the EURUSD pair seeks to have produced the much waited for counter-trend rally which was anticipated and needed. The rally seems counter trend and corrective( 3 waves), and has actually terminated simply shy of the support turned resistance trend line as shown here. The wave counts suggests that the whole drop from 1.0906 through 1.0569 has actually unfolded as an impulse labelled as wave (1 ), while wave (2)might have ended around 1.0680 levels. Please also note that wave (2 )termination is rather close to previous wave iv of a lower degree, not labelled here. We ought to be looking lower towards 1.03 and parity levels in the weeks to follow if the above wave count holds true. Immediate resistance is seen at 1.0700 levels, while support is seen at 1.0500 levels respectively.Trading strategy: Please stay brief for now as well as include positions even more through 1.0700 levels, stop 1.0906, target is 1.03and 1.0000. Gold chart setups: Technical outlook: Gold has pipped us two times with its one sided rally however the wave counts provided above might suggest that the yellow metal has actually topped out and need to produce a meaningful retracement. The wave count recommends that the entire rally from$ 1,195 through$1,288 levels is coming close to an end now, as illustrated here. The move has actually unfolded into 5 waves, identified 1 through 5, with wave 5 unfolding as an ending diagonal. If the above wave count holds to hold true, the metal needs to reverse lower from present levels. On the flip side, a push greater would expose upto$1,300 levels, looking less possible in the meantime. To remain on the safe side of the trade, a break below $1,280/ 83 levels must be thought about as a sign of a prospective leading formation.One can then go into shorts again. Immediate assistance is seen at $1,283 levels, while potential resistance lies at $1,290/ 92levels respectively.Trading plan:Please look to offer if breaks below $1,283 levels, with stop at $1,292/ 93 levels, targeting $1240 and$1,230. Basic outlook: Please keep an eye out for USD initial out of work claims at 0830 AM EST(low impact), followed by USD U.of Michigan Confidence at 1000 AM EST(High Effect)today.Good luck!The product has been offered by InstaForex Business-www.instaforex.com

By | April 13, 2017

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Technical outlook:

Finally, the EURUSD pair looks to have produced the much awaited counter-trend rally which was expected and required. The rally looks to be counter trend and corrective (3 waves), and has terminated just shy of the support turned resistance trend line as shown here. The wave counts suggests that the entire drop from 1.0906 through 1.0569 has unfolded as an impulse labelled as wave (1), while wave (2) might have terminated around 1.0680 levels. Please also note that wave (2) termination is quite near to previous wave iv of a lesser degree, not labelled here. If the above wave count holds true, we should be looking lower towards 1.03 and parity levels in the weeks to follow. Immediate resistance is seen at 1.0700 levels, while support is seen at 1.0500 levels respectively.

Trading plan:

Please remain short for now and also add positions further through 1.0700 levels, stop 1.0906, target is 1.03 and 1.0000.

Gold chart setups:

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Technical outlook:

Gold has pipped us twice with its one sided rally but the wave counts presented above might indicate that the yellow metal has topped out and should produce a meaningful retracement. The wave count suggests that the entire rally from $1,195 through $1,288 levels is coming close to an end now, as depicted here. The move has unfolded into 5 waves, labelled 1 through 5, with wave 5 unfolding as an ending diagonal. If the above wave count holds to be true, the metal should reverse lower from current levels. On the flip side, a push higher would expose upto $1,300 levels, looking less probable for now. To remain on the safe side of the trade, a break below $1,280/83 levels should be considered as an indication of a potential top formation. One can then enter shorts again. Immediate support is seen at $1,283 levels, while potential resistance lies at $1,290/92 levels respectively.

Trading plan:

Please look to sell if breaks below $1,283 levels, with stop at $1,292/93 levels, targeting $1240 and $1,230.

Fundamental outlook:

Please look out for USD initial jobless claims at 0830 AM EST (low impact), followed by USD U.of Michigan Confidence at 1000 AM EST (High Impact) today.

Good luck!

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

Jonathon Alexander

Analysis of Gold for April 13, 2017 888011000 110888 Recently, the Gold has actually been trading upwards. The cost evaluated the level of $1,288.58. According to the 4H timespan, I discovered that cost has actually broken the medium line of the upward channel, which is a sign that Gold might continue upward movement. The very first downward target is set at the rate of $1,306.00. Anyway, I have actually put Fibonacci growth to find potential short– term target. I got Fibonacci expansion 100%at therate of$1,335. Myguidance is to watchfor prospectivebuying opportunities.Resistance levels: R1:$1,289.00 R2:$ 1,290.00 R3:$1,291.00 Support levels: S1:$ 1,286.00 S2:$1,285.00 S3:$1,283.80 Trading suggestions for today: look for prospective purchasing opportunities.The product has actually been supplied by InstaForex Company-www.instaforex.com

By | April 13, 2017

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Recently, the Gold has been trading upwards. The price tested the level of $1,288.58. According to the 4H time frame, I found that price has broken the medium line of the upward channel, which is a sign that Gold may continue upward movement. The first downward target is set at the price of $1,306.00. Anyway,I have placed Fibonacci expansion to find potential short – term target. I got Fibonacci expansion 100% at the price of $1,335. My advice is to watch for potential buying opportunities.

Resistance levels:

R1: $1,289.00

R2: $1,290.00

R3: $1,291.00

Support levels:

S1: $1,286.00

S2: $1,285.00

S3: $1,283.80

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

Technical analysis of USD/JPY for April 13, 2017 888011000 110888 USD/JPY is under pressure. The pair sped up on the disadvantage after breaking listed below the lower boundary of the increasing channel. The down momentum is more enhanced by the declining 20-period and 50-period moving averages. The relative strength index also broke listed below the increasing trend line since April 11. As long as 109.40 is not surpassed, look for a further drop to 108.50 and even to 107.95 in extension. The pair is trading below its pivot point. It is most likely to trade in a lower range as long as it stays below the pivot point. Brief positions are advised with the first target at 108.50. A break below this target will move the set additional downwards to 107.95. The pivot point stands at 190.40. If the price moves in the opposite direction and bounces back from the assistance level, it will move above its pivot point. It is most likely to move even more to the benefit. According to that circumstance, long positions are advised with the first target at 109.85 and the2nd one at 110.20. Resistance levels: 109.85 , 110.20, and 110.50 Assistance levels: 108.50, 107.95, and 107.35 The material has actually been provided by InstaForex Business-www.instaforex.com

By | April 13, 2017

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USD/JPY is under pressure. The pair accelerated on the downside after breaking below the lower boundary of the rising channel. The downward momentum is further reinforced by the declining 20-period and 50-period moving averages. The relative strength index also broke below the rising trend line since April 11.

Therefore, as long as 109.40 is not surpassed, look for a further drop to 108.50 and even to 107.95 in extension.

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 108.50. A break below this target will move the pair further downwards to 107.95. The pivot point stands at 190.40. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 109.85 and the second one at 110.20.

Resistance levels: 109.85, 110.20, and 110.50

Support levels: 108.50, 107.95, and 107.35

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

Jonathon Alexander

Technical analysis of USD/CHF for April 13, 2017 888011000 110888 USD/CHF is anticipated to dominate its drawback movement. The pair is under pressure below the essential resistance at 1.0055. The downward momentum is further strengthened by the declining 20-period and 50-period moving averages. The relative strength index is listed below its neutrality level at 50. After meeting with Russian President Vladimir Putin, U.S. Secretary of State Rex Tillerson said relations with Russia are at a low point. On the other hand, Trump stated in an interview with The Wall Street Journal that the dollar “is getting too strong” and he would choose keeping interest rates low. The United States dollar saw its recent decrease speed up as Trump’s “getting too strong”comments on the currency advised the marketplace of the president’s protectionist trade rhetoric. For this reason, below 1.0085, search for a brand-new drop to 1.0005 and even to0.9990 in extension. Resistance levels: 1.0105, 1.0130, and 1.0165 Support levels: 1.0005, 0.9990, and 0.9960 The material has been offered by InstaForex Company-www.instaforex.com

By | April 13, 2017

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USD/CHF is expected to prevail its downside movement. The pair is under pressure below the key resistance at 1.0055. The downward momentum is further reinforced by the declining 20-period and 50-period moving averages. The relative strength index is below its neutrality level at 50.

After meeting with Russian President Vladimir Putin, U.S. Secretary of State Rex Tillerson said relations with Russia are at a low point. On the other hand, Trump said in an interview with The Wall Street Journal that the dollar “is getting too strong” and he would prefer keeping interest rates low. The U.S. dollar saw its recent decline accelerate as Trump’s “getting too strong” comments on the currency reminded the market of the president’s protectionist trade rhetoric.

Hence, below 1.0085, look for a new drop to 1.0005 and even to 0.9990 in extension.

Resistance levels: 1.0105, 1.0130, and 1.0165

Support levels: 1.0005, 0.9990, and 0.9960

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

Jonathon Alexander

Technical analysis of NZD/USD for April 13, 2017 888011000 110888 NZD/USD is anticipated to continue its advantage motion. The set broke above the 20-period and 50-period moving averages with strong upward momentum. In addition, the 20-period moving average has crossed above the 50-period one.Hence, as long as 0.6950 is not broken, anticipate an additional benefit to 0.7020 and even to 0.7040 in extension. The pair is trading above its pivot point. It is likely to sell a larger range as long as it remains above its pivot point. Long positions are suggested with the first target at 0.7020 and the second one at 0.7040. In the option situation, brief positions are recommended with the first target at 0.6930, if the rate relocations listed below its pivot points. A break of this target might press the pair additional downwards, and one may anticipate the 2nd target at 0.6910. The pivot point is at 0.6950. Resistance levels: 0.7020, 0.7040, and 0.7080 Support levels: 0.6930, 0.6910, and 0.6885 The material has been supplied by InstaForex Business-www.instaforex.com

By | April 13, 2017

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NZD/USD is expected to continue its upside movement. The pair broke above the 20-period and 50-period moving averages with strong upward momentum. In addition, the 20-period moving average has crossed above the 50-period one.

Hence, as long as 0.6950 is not broken, expect a further upside to 0.7020 and even to 0.7040 in extension.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7020 and the second one at 0.7040. In the alternative scenario, short positions are recommended with the first target at 0.6930, if the price moves below its pivot points. A break of this target may push the pair further downwards, and one may expect the second target at 0.6910. The pivot point is at 0.6950.

Resistance levels: 0.7020, 0.7040, and 0.7080

Support levels: 0.6930, 0.6910, and 0.6885

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

Jonathon Alexander

EUR/JPY analysis for April 13, 2017 888011000 110888 Recently, the EUR/JPY pair has actually been trading sideways at the cost of 115.93. The analysis from yesterday is still valid. Inning accordance with the 4H timespan, I discovered that EUR/JPY is selling the well defined down channel which sellers remain in control. My guidance is to look for potential selling opportunities.The first down target is set at the price of 114.60( Fibonacci growth 161.8 %). The short-term trend is bearish.Resistance levels: R1: 116.35 R2: 116.45 R3: 116.65 Assistance levels: S1: 115.95 S2: 115.80 S3: 115.60 Trading recommendations for today: expect possible selling opportunities.The product has actually been supplied by InstaForex Company-www.instaforex.com

By | April 13, 2017

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Recently, the EUR/JPY pair has been trading sideways at the price of 115.93. The analysis from yesterday is still valid. According to the 4H time frame, I found that EUR/JPY is trading in the well defined downward channel and that sellers are in control. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 114.60 (Fibonacci expansion 161.8%). The short-term trend is bearish.

Resistance levels:

R1: 116.35

R2: 116.45

R3: 116.65

Support levels:

S1: 115.95

S2: 115.80

S3: 115.60

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 GBP/JPY for April 13, 2017 888011000 110888 GBP/JPY is under pressure. The pair remains in debt consolidation and is most likely to form a”bearish flag “pattern (not yet validated). The relative strength index does not have up momentum. The 20-period and 50-period moving averages are combined to bearish. To sum up, as long as 137.15 holds on the advantage,look for a new pullback to evaluate 136.15 at. A break below 136.15 would set off a drop towards 135.70. The pair is trading below its pivot point. It is most likely to trade in a lower range as long as it remains below the pivot point. Brief positions are suggested with the first target at 136.15. A break below this target will move the pair further downwards to 135.70. The pivot point stands at 137.15. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move even more to the benefit. Inning accordance with that situation, long positions are advised with the first target at 137.75 and the 2nd one at 138.15. Resistance levels: 137.75, 138.15, and 138.45 Support levels: 136.15,135.70, and 135.00 The product has actually been provided by InstaForex Company – www.instaforex.com

By | April 13, 2017

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GBP/JPY is under pressure. The pair remains in consolidation and is likely to form a “bearish flag” pattern (not yet confirmed). The relative strength index lacks upward momentum. Besides, the 20-period and 50-period moving averages are mixed to bearish.

To sum up, as long as 137.15 holds on the upside, look for a new pullback to test 136.15 at first. A break below 136.15 would trigger a drop towards 135.70.

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 136.15. A break below this target will move the pair further downwards to 135.70. The pivot point stands at 137.15. If the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 137.75 and the second one at 138.15.

Resistance levels: 137.75, 138.15, and 138.45

Support levels: 136.15,135.70, and 135.00

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

Jonathon Alexander