Japan Corner Store Sales Data Due On Monday

By | April 21, 2019

Japan will on Monday see convenience store sales data for March, highlighting a light day for Asia-Pacific economic activity.

In February, corner store sales were up 2.0 percent on year.

The markets in Australia, New Zealand and Hong Kong are closed for Easter Monday and will re-open on Tuesday.

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

Jonathon Alexander

April 19, 2019: GBP/USD Intraday technical analysis and trade recommendations.

By | April 19, 2019

On January second, the market started the illustrated uptrend line around 1.2380. A weekly bearish gap pushed the set listed below the uptrend line(practically reaching 1.2960)before the bullish breakout above short-term bearish channel was attained on March 11. Quickly after, the GBPUSD set showed weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD stopped working to attain a greater high above the previous leading accomplished on February 27. Rather, the portrayed current bearish channel was established.Significant bearish pressure was demonstrated towards 1.3150-1.3120 where the illustrated uptrend line failed to offer any bullish support leading to obvious bearish breakdown.On March 29

, the cost levels of 1.2980(the lower limit of the depicted motion channel)showed substantial bullish rejection.This brought the GBPUSD set again towards the cost zone of(1.3160-1.3180)where the ceiling of the portrayed bearish channel along with the backside of the

portrayed uptrend line pertained to fulfill the pair.Bearish rejection was anticipated around the discussed cost levels(1.3150-1.3180). The GBPUSD bullish pullback failed to pursue towards the discussed zone.Instead, substantial bearish rejection was shown earlier around the price level of 1.3120. Hence, Short-term outlook has actually become bearish towards 1.2920-1.2900 where the lower

limit of the depicted channel is located.Trade Recommendations: Any bullish pullback towards 1.3120-1.3140 must be considered for another OFFER entry. TP levels to be located around 1.3100, 1.3020

then 1.2950-1.2920. S/L to be situated above 1.3170. The material has actually been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander

Bitcoin will drop – Analysis for April 19,2019

By | April 19, 2019

India’s reserve bank, the Reserve Bank of India(RBI), has revealed its framework for a fintech regulatory

sandbox. While blockchain and clever contracts are welcomed, the bank mentioned that cryptocurrency and associated services “might not be accepted for testing.”. Rate action still validates indecision.Technical image: According to the H4 time-frame absolutely nothing changed considering that our yesterday’s analysis. We found that there is rounding top formation in production, which is indication that BTC is under the distribution process. Most likely some larger traders are aiming to sell bigger quantity so the circulation is underway. Assistance at the rate of $4.900 is very crucial for swing traders given that the breakout of this level may validate down motion. Secret resistance is seen at the rate of $5.445. Remember that duration of low volatility is anticipated on Friday and Monday due to holidays.

analytics5cb9da95af4f1.jpg

On the Futures market we found that after the strong push higher in the background and weather action, there is the decreasing in the volume on the upside, which is sign that there is no big interest on the advantage so offering may be a great alternative going further. Focus on the assistances at $4.646 and $4.130, since these levels may be a great levels to scale out our possible sell positions.The material has actually been offered by InstaForex Company- www.instaforex.com

Jonathon Alexander

April 19, 2019: EUR/USD Intraday technical analysis and trade recommendations.

By | April 19, 2019

On January 10th, the market started the depicted bearish channel around 1.1570. Since then, the EURUSD pair has been moving within the illustrated channel with slight bearish tendency.On March 7th, recent bearish movement was shown towards 1.1175(channel’s lower limit )where considerable bullish recovery was demonstrated.On March 18, a substantial bullish

effort was carried out above 1.1380 (the ceiling of the Highlighted-channel)showing a false/temporary bullish breakout.On March 22, considerable bearish pressure was demonstrated towards 1.1280 then 1.1220. Two weeks back, a bullish Head and Shoulders reversal pattern was shown around 1.1200. This boosted even more bullish development towards 1.1300-1.1315(supply zone)where recent bearish rejection was being demonstrated.Short-term outlook turned to become bearish towards 1.1280(61.8 %Fibonacci)followed by additional bearish decline towards 1.1235(78.6%Fibonacci). For Intraday traders, the present rate zone around 1.1235 (78.6%Fibonacci)stands as a prominent need location to be watched for a possible

short-term BUY entry.However, conservative traders ought to be waiting for a bullish pullback towards 1.1280-1.1290 (backside of the damaged bullish channel)for a legitimate

OFFER entry.Moreover, bearish breakdown below 1.1235 opens the way for additional bearish decline towards 1.1180-1.1170. Trade recommendations: A valid OFFER entry can be taken around 1.1280-1.1290 when a bullish pullback occurs.TP levels to be located around 1.1250, 1.1235 and 1.1170. SL ought to be positioned above 1.1320. The material has been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

USD/CAD analysis for April 19, 2019 888011000 110888 USD/CAD has actually been trading upwards in previous couple of sessions. The price checked the level of 1.3400. We are anticipating more upside on this currency pair. According to the H4 time-frame, we found specified trading range in between the cost of 1.3400( resistance )and 1.3285( support). There is prospective end of the downward correction(abc), which is sign that buying is on the way. Watch for prospective breakout of the resistance(1.3400 )to verify further bullish continuation. The upward targets are seen at the cost of 1.3447 and at the price of 1.3472. The material has actually been provided by InstaForex Business-www.instaforex.com

By | April 19, 2019

USD/CAD has been trading upwards in past few sessions. The price tested the level of 1.3400. We are expecting more upside on this currency pair.

analytics5cb9d7cea5c24.jpg

According to the H4 time-frame, we found defined trading range between the price of 1.3400 (resistance) and 1.3285 (support). There is potential end of the downward correction (abc), which is sign that buying is on the way. Watch for potential breakout of the resistance (1.3400) to confirm further bullish continuation. The upward targets are seen at the price of 1.3447 and at the price of 1.3472.

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

Jonathon Alexander

Analysis of Gold for April 19, 2019 888011000 110888 Gold has actually been trading upwards in previous 10 hours. The rate evaluated the level of $1.276.50. We anticipate potential upward motion in our opinion offering looks exceptionally dangerous. According to the H1 time-frame on the Gold CFD we found that there is the bullish divergence on the 3/10 oscillator, which is indication that sellers losing their power and buyers respond. Key resistance levels are seen at the price of$1.282.10and at$ 1.289.40. Secret assistance level is seen at the cost of$1.270.9. Circumstance on the futures market: On the futures market we found massive selling climax( extreme volume and variety of the bar) in the background, which is strong sign of the strength and big warning for sellers. The weather bar on the 2H time-frame got 115k contracts traded versus average 20k, which indicated us huge difference. The next few bars after the weather bar were with the narrow range and extremely high volume however we got high effort without any outcome, which is another indication of potential strength incoming. Finally, after the decrease the downward channel got broken and the purchasers did start to buy and collect their positions in our viewpoint. Our advice is to expect purchasing opportunities with targets at$ 1.282.00 and $1.290.00. The product has actually been supplied by InstaForex Company-www.instaforex.com

By | April 19, 2019

Gold has been trading upwards in past 10 hours. The price tested the level of $1.276.50. We expect potential upward movement in our opinion selling looks extremely risky.

analytics5cb9d2c80d15d.jpg

According to the H1 time-frame on the Gold CFD we found that there is the bullish divergence on the 3/10 oscillator, which is sign that sellers losing their power and buyers react. Key resistance levels are seen at the price of $1.282.10 and at $1.289.40. Key support level is seen at the price of $1.270.9.

Situation on the futures market:

analytics5cb9d2e498c62.jpg

On the futures market we found massive selling climax (excessive volume and range of the bar) in the background, which is strong sign of the strength and big warning for sellers. The climatic bar on the 2H time-frame got 115k contracts traded versus average 20k, which signaled us big difference. The next few bars after the climatic bar were with the narrow range and very high volume but we got high effort with no result, which is another sign of potential strength incoming. Finally, after the decline the downward channel got broken and the buyers did start to buy and accumulate their positions in our opinion. Our advice is to watch for buying opportunities with targets at $1.282.00 and $1.290.00.

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

Jonathon Alexander

U.S. Real Estate Begins All Of A Sudden Dip 0.3% In March

By | April 19, 2019

A report launched by the Commerce Department on Friday suddenly showed a modest decrease in new property building in the U.S. in the month of March.

The Commerce Department stated housing starts dipped by 0.3 percent to an annual rate of 1.139 million in March from the modified February estimate of 1.142 million.

The drop came as a surprise to economic experts, who had actually expected housing starts to surge up by 5.9 percent to a rate of 1.230 million from the 1.162 million originally reported for the previous month.

Single-family housing starts fell by 0.4 percent to a rate of 785,000, while multi-family starts were unchanged at a rate of 354,000.

The report said structure licenses likewise tumbled by 1.7 percent to a yearly rate of 1.269 million in March from the modified February rate of 1.291 million.

Building authorizations, an indicator of future housing need, had actually been expected to increase by 0.3 percent to a rate of 1.300 million from the 1.296 million originally reported for the previous month.

While single-family building permits slumped by 1.1 percent to a rate of 808,000, multi-family licenses plunged by 2.7 percent to a rate of 461,000.

Compared to the exact same month a year earlier, real estate starts were down by 14.2 percent and structure licenses were down by 7.8 percent.

On Tuesday, the National Association of House Builders launched a separate report showing a modest enhancement in U.S. homebuilder confidence in the month of April.

The report said the NAHB/Wells Fargo Real estate Market Index inched as much as 63 in April after holding at 62 in March, with the uptick matching expectations.

“Builders report strong demand for brand-new single-family homes however they are also grappling with price concerns coming from a persistent shortage of building and construction employees and buildable lots,” said NAHB Chairman Greg Ugalde.

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

Jonathon Alexander

Technical analysis of AUD/USD for April 19, 2019 888011000 110888 < imgwidth=”450″ src= “http://qkfx.com/wp-content/uploads/2019/04/technical-analysis-of-aud-usd-for-april-19-2019.png “alt =”analytics5cb9a1ed15a36.png”/ > Summary: The AUD/USD set is set above strong support at the levels of 0.7046 and 0.7168. This assistance has been turned down 4 times confirming the uptrend. Hence, the significant assistance is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the set is still in the uptrend in the area of 0.7046 and 0.7168. The AUD/USD set is trading in the bullish trend from the last assistance line of 0.7112 towards thae first resistance level of 0.7168 in order to evaluate it. This is validated by the RSI sign signaling that we are still in the bullish trending market. Now, the set is likely to start a rising movement to the point of 0.7168 and even more to the level of 0.7290. The level of 0.7389 will act as the double top and the significant resistance is already set at the point of 0.7389. At the very same time, if there is a breakout at the support levels of 0.7112 and 0.7046, this circumstance may be invalidated.The material has actually been provided by InstaForex Business-www.instaforex.com

By | April 19, 2019

analytics5cb9a1ed15a36.png

Overview:

The AUD/USD pair is set above strong support at the levels of 0.7046 and 0.7168. This support has been rejected four times confirming the uptrend. Hence, the major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the area of 0.7046 and 0.7168. The AUD/USD pair is trading in the bullish trend from the last support line of 0.7112 towards thae first resistance level of 0.7168 in order to test it. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market. Now, the pair is likely to begin an ascending movement to the point of 0.7168 and further to the level of 0.7290. The level of 0.7389 will act as the major resistance and the double top is already set at the point of 0.7389. At the same time, if there is a breakout at the support levels of 0.7112 and 0.7046, this scenario may be invalidated.

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

Jonathon Alexander

Technical analysis of USD/CAD for April 19, 2019 888011000 110888 < imgwidth=”450″ src= “http://qkfx.com/wp-content/uploads/2019/04/technical-analysis-of-usd-cad-for-april-19-2019.png “alt=” analytics5cb9a1375195e.png”/ > Overview: The USD/CAD pair continues to move upwards from the level of 1.3228. The other day, the set rose from the level of 1.3228 (the level of 1.3228 accompanies a ratio of 38.2%Fibonacci retracement)to a leading around 1.3357. Today, the very first support level is seen at 1.3228 followed by 1.3311, while daily resistance 1 is seen at 1.3377. According to the previous occasions, the USD/CAD set is still moving in between the levels of 1.3228 and 1.3402; for that we expect a variety of 174 pips( 1.3402- 1.3228). On the one-hour chart, immediate resistance is seen at 1.3357, which accompanies the double top. Presently, the rate is moving in a bullish channel. This is verified by the RSI indication signaling that we are still in a bullish trending market. The cost is still above the moving average (100), For that reason, if the trend has the ability to break out through the very first resistance level of 1.3357, we should see the set climbing towards the daily resistance at the levels of 1.3377 and 1.3402. It would also be a good idea to consider where to position stop loss; this need to be set below the 2nd assistance of 1.3282. The material has actually been offered by InstaForex Business-www.instaforex.com

By | April 19, 2019

analytics5cb9a1375195e.png

Overview:

The USD/CAD pair continues to move upwards from the level of 1.3228. Yesterday, the pair rose from the level of 1.3228 (the level of 1.3228 coincides with a ratio of 38.2% Fibonacci retracement) to a top around 1.3357. Today, the first support level is seen at 1.3228 followed by 1.3311, while daily resistance 1 is seen at 1.3377. According to the previous events, the USD/CAD pair is still moving between the levels of 1.3228 and 1.3402; for that we expect a range of 174 pips (1.3402 – 1.3228). On the one-hour chart, immediate resistance is seen at 1.3357, which coincides with the double top. Currently, the price is moving in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100), Therefore, if the trend is able to break out through the first resistance level of 1.3357, we should see the pair climbing towards the daily resistance at the levels of 1.3377 and 1.3402. It would also be wise to consider where to place stop loss; this should be set below the second support of 1.3282.

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

Jonathon Alexander