Weak indications of GDP development in the Eurozone put pressure on the euro

By | May 16, 2018

The Eurozone’s weak economic development, along with the downturn in its flagship German economy, has affected the sentiment of traders who are hurrying to lock in long positions in the European currency after the recent corrective growth.According to the Federal Bureau of data, German financial development slowed in the 1st quarter of 2018. As kept in mind in the report, among the reasons for the slowdown was a series of strikes that swept through Germany. Therefore, GDP growth in yearly terms was at 1.2 %versus 2.5 %in the 4th quarter of

2017. Financial experts also anticipated a slowdown in the German economy in the 1st quarter. According to the Bureau of statistics, France’s GDP growth for 2017 was modified to 2.2%, from 2%, as previously reported. Excellent GDP development was tape-recorded in the 1st quarter in Spain, which partially balance out the fall in the general indicator for the Eurozone. Inning accordance with the report of the statistical Agency

Eurostat, the development rate of economic activity slowed. Hence, the Eurozone economy in the 1st quarter of 2018 grew by only 0.4%compared to the previous quarter after a boost of 0.7%in the Fourth quarter of in 2015. These information totally accompanied the preliminary forecast, as well as with the expectations of economic experts. As for the technical picture of the EUR/USD pair, the bearish scenario continues to work out. The advancement of assistance at 1.1890, from which the euro continued to grow on Friday, could lead to a variety of brand-new short positions and a further decrease of the euro to the low of 1.1850 and 1.1820 The British pound did not receive much assistance after the publication of the report on the labor market, which indicated that from January to March this year, unemployment in the UK remained at its minimum level. According to the National Bureau of Data, joblessness remained at 4.2 percent, while the variety of jobless in the

UK decreased by 46,000 throughout the reporting period.Despite this, the pound continues to decrease, moving towards the lower border of the side channel, which was formed after the decision of the Bank of England on rates of interest last week in the level of 1.3460. Information from the National Bureau of Statistics likewise came out in the first half of the day, which indicated that industrial production in China in April of this year increased by 7.0%compared to the very same duration in 2015 after a boost of 6.0 %in March. Financial experts had anticipated production to grow by 6.4 percent.Retail sales in China increased just 9.4% in April, following a 10.1%increase in March compared with the very same period in 2015. The unemployment rate was up to 4.9% in April.The material has been offered by InstaForex Company -www.instaforex.com

Jonathon Alexander

Trading plan for the US session on May 15 EUR/ USD

By | May 16, 2018

To open long positions for EURUSD, you need: The bears are attempting to acquire a grip below the support level of 1.1894, so all the hope of European currency buyers is now only on an incorrect break of this variety, with a return to it in the afternoon and an upgrade of highs to around 1.1935. In case of an additional decline in the euro, assistance will be offered by the area of 1.1856, however in the lack of volume at this level, it is best to take a long take a look at the long positions after upgrading the assistance level of 1.1825.

To open brief positions for EURUSD, you need:

The consolidation below the level of 1.1894 opens a direct roadway to sellers of the euro to a support area of 1.1856, then to the lows of the month in the area of 1.1825, where it is advised to lock in earnings. If the EUR/ USD go back to the level of 1.1894 in the afternoon, opening brief positions is finest on a rebound from 1.1935.

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Description of indicators

MA (moving average) 50 days – yellow

MA (moving average) Thirty Days – green

MACD: quick EMA 12, slow EMA 26, SMA

Bollinger Bands 20

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

Jonathon Alexander

Technical analysis of USD/JPY for May 15, 2018 888011000 110888 All our advantage targets which we anticipated in our previous analysis have actually been struck. The pair continued its rebound while being supported by the rising 20-period moving average, which remains above the 50-period one. The relative strength index stayed raised in the 60s, revealing continued upward momentum for the set. The bullish intraday outlook remains intact,and the pair must review 110.60 before targeting 110.85. On the drawback, essential assistance is located at 109.75. Chart Description: The black line shows the pivot point. The present price above the pivot point shows a bullish position, and the price below the pivot point indicates a short position. The red lines show the assistancelevels, and the green line suggests the resistance levels. These levels can be utilized to get in and exit trades.Strategy: Purchase, stop loss at 109.75, take revenue at 110.60.Resistance levels: 110.60, 110.85, and 111.30 Support levels : 109.60, 109.45, and 109.00. The material has been provided by InstaForex Business-www.instaforex.com

By | May 15, 2018

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All our upside targets which we predicted in our previous analysis have been hit. The pair continued its rebound while being supported by the ascending 20-period moving average, which remains above the 50-period one. The relative strength index stayed elevated in the 60s, showing continued upward momentum for the pair. The bullish intraday outlook remains intact, and the pair should revisit 110.60 before targeting 110.85. On the downside, key support is located at 109.75.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a 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 at 109.75, take profit at 110.60.

Resistance levels: 110.60, 110.85, and 111.30

Support levels: 109.60, 109.45, and 109.00.

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

Jonathon Alexander

Technical analysis of USD/CHF for May 15, 2018 888011000 110888 USD/CHF is expected to trade with a bullish outlook. The pair positioned a sharp rebound with a bullish divergence signal from the relative strength index. In addition, the 20-period moving average turned upward and crossed above the 50-period one. For this reason, as long as 0.9990 is not broken, look for the extension of the bounce with targets at 1.0070 and 1.0100 in extension.Chart Explanation: The black line reveals the pivot point. The present cost above the pivot point indicates a bullish position, and the rate listed below the pivot point suggests a brief position. The red lines show the assistancelevels, and the green line shows the resistance levels. These levels can be utilized to exit and get in trades.Strategy: BUY, stop loss at 0.9990, take revenue at 1.0070. Resistance levels: 1.0070, 1.0100, and 1.0130 Support levels : 0.9955, 0.9930, and 0.9890 The material has actually been provided by InstaForex Company-www.instaforex.com

By | May 15, 2018

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USD/CHF is expected to trade with a bullish outlook. The pair posed a sharp rebound with a bullish divergence signal from the relative strength index. In addition, the 20-period moving average turned upward and crossed above the 50-period one. Hence, as long as 0.9990 is not broken, look for the continuation of the bounce with targets at 1.0070 and 1.0100 in extension.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a 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 at 0.9990, take profit at 1.0070.

Resistance levels: 1.0070, 1.0100, and 1.0130

Support levels: 0.9955, 0.9930, and 0.9890

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

Jonathon Alexander

Technical analysis of NZD/USD for May 15, 2018 888011000 110888 All our disadvantage targets which we anticipated in yesterday’s analysis have actually been hit. The pair taped a series of lower tops and lower bottoms since May 11, which confirmed an unfavorable outlook. Both declining 20-period and 50-period moving averages must press rates lower. The relative strength index is bearishand calls for a more downside. For this reason, as long as 0.6940 hangs on the advantage, try to find a drop with targets at 0.6820 and 0.6800 in extension.Chart Explanation: The black line reveals the pivot point. Presently, the price is above the pivot point which is a signal for long positions. It will indicate brief positions if it stays below the pivot point. The red lines reveal the support levels, while the green line indicates the resistance levels. These levels can be used to exit and enter trades.Resistance levels: 0.6960, 0.6985, and 0.7010 Support levels: 0.6820, 0.6800, and 0.6750 The product has actually been provided by InstaForex Business-www.instaforex.com

By | May 15, 2018

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All our downside targets which we predicted in yesterday’s analysis have been hit. The pair recorded a series of lower tops and lower bottoms since May 11, which confirmed a negative outlook. Both declining 20-period and 50-period moving averages should push prices lower. The relative strength index is bearish and calls for a further downside. Hence, as long as 0.6940 holds on the upside, look for a drop with targets at 0.6820 and 0.6800 in extension.

Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.6960, 0.6985, and 0.7010

Support levels: 0.6820, 0.6800, and 0.6750

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

Jonathon Alexander

Worldwide macro introduction for 15/05/2018

By | May 15, 2018

The unemployment rate stayed in the very first quarter at the level of 4.2 %, in level with expectations. The payroll characteristics- also in line with projections – slowed from 2.8 to 2.6%, but the index leaving out the premium was put at 0.1 portion point greater than previously, or 2.9%. This is the highest value in three years. The data is definitely in line with expectations, and the minimal flaw in the labor market image is a more powerful boost in the variety of people claiming advantages. The readings do not add anything new to the discussion about the date of the next rates of interest hike, additionally, another important publication is the next week’s inflation reading (scheduled on 23.05).

In the recently, the pound was amongst the weaker currencies from the main currency group and did not get versus the dollar at that time. In the first reaction to a set of information from the UK labor market, GBP/USD moved from around 1.3530 to 1.3550 however still, the need side can not break away at a safe distance from 1.35 and this year’s lows. Simply released data from the British labor market may not be enough to improve the sentiment around the pound sterling. On the contrary, in the eyes of a substantial number of market individuals, with a stronger dollar and yields of US 10Y financial obligation flirting with a key resistance of 3.05%, they may be a great opportunity to sell a pound. The essential technical resistance is seen at the level of 1.3617, located at the top of the consolidation zone between the levels of 1.3460 – 1.3617.

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

Jonathon Alexander

Bitcoin analysis for May 15, 2018 888011000 110888 The Bitcoin(BTC)has been trading sideways at the price of$8.683. Popular crypto payment processor, Bitpay, revealed a formal contract with Florida’s Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core(BTC)and bitcoin money (BCH)can now both be utilized for tax payments, starting this summer season. County residents can pay in cryptocurrencies for motorist licenses, ID cards, and even property taxes. The tTechnical picture on Bitcoin looks neutral to bearish.Trading recommendations: According to the H1 time-frame, I discovered that Bitcoin is selling the consolidation zone(channel ). I also found rejection of the upper diagonal and a bearish flag in production, which is a sign that buying looks risky. If you see a legitimate breakout of the bearish flag, my suggestions is to view for prospective selling opportunities. Thedownward targets are set at the price of$8.500 and at the rate of$8.356 Support/Resistance$8.760– Intraday resistance$8.570– Intraday support$8.503– Objective target 1$8.356– Unbiased target 2 With InstaForex you can earn on cryptocurrency’s movements today.Just open a handle your MetaTrader4.The material has been supplied by InstaForex Company-www.instaforex.com

By | May 15, 2018

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The Bitcoin (BTC) has been trading sideways at the price of $8.683. Popular crypto payment processor, Bitpay, announced a formal agreement with Florida’s Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core (BTC) and bitcoin cash (BCH) can now both be used for tax payments, beginning this summer. County residents can pay in cryptocurrencies for driver licenses, ID cards, and even property taxes. The tTechnical picture on Bitcoin looks neutral to bearish.

Trading recommendations:

According to the H1 time – frame, I found that Bitcoin is trading in the consolidation zone (channel). I also found rejection of the upper diagonal and a bearish flag in creation, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities if you see a valid breakout of the bearish flag. The downward targets are set at the price of $8.500 and at the price of $8.356

Support/Resistance

$8.760 – Intraday resistance

$8.570– Intraday support

$8.503 – Objective target 1

$8.356 – Objective target 2

With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.

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

Jonathon Alexander

Analysis of Gold for May 15, 2018 888011000 110888 Recently, Gold has actually been trading downwards. The cost evaluated the level of $1.309.07. According to the H4 time– frame, I found that rate is trading inside of the channel, which is an indication that Gold is in a combination stage. Considering that the impulse was down in the background, Gold might resume bearish direction in the next period. My advice is to expect prospective selling chances. Watch for a prospective breakout of the upward trendline to validate a more downward motion. The downward targets are set atthe cost of$1.300and at the price of$ 1.287.10. Resistancelevels: R1:$1.318.00 R2:$1.322.00 R3:$1.325.50 Support levels: S1:$ 1.310.75 S2:$1.308.65 S3:$1.303.45 Trading suggestions for today: look for potential selling opportunities.The material has been offered by InstaForex Company-www.instaforex.com

By | May 15, 2018

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Recently, Gold has been trading downwards. The price tested the level of $1.309.07. According to the H4 time – frame, I found that price is trading inside of the channel, which is a sign that Gold is in a consolidation phase. Since the impulse was down in the background, Gold may resume bearish direction in the next period. My advice is to watch for potential selling opportunities. Watch for a potential breakout of the upward trendline to confirm a further downward movement. The downward targets are set at the price of $1.300 and at the price of $1.287.10.

Resistance levels:

R1: $1.318.00

R2: $1.322.00

R3: $1.325.50

Support levels:

S1: $1.310.75

S2: $1.308.65

S3: $1.303.45

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

Technical analysis and trading recommendations for the USDCHF currency set since May 14, 2018 888011000 110888 Impulsive, strong, upward movement delighted traders since the month of February, issuing a result of more than 800 points of the relocation. It was verified to be overbought for a long period of time. Upon evaluating the last month, an impulse relocation can be seen without pullbacks and no substantial stops. Now, the quotation had the ability to reach an essential variety level of 1.0050/ 1.0100, where a regular ceiling was reached and finally managed a minimum of a little, however enter into rollback. It is possible to assume that a correction needs to be made and the existing pullback is the very first sellers who broke into the marketplace, however we ought to not omit that the old purchasers are still being in the marketplace and holds long positions. Hence, the buyers may can most likely knock off at 0.9960/ 1.0030, however if the price still can be fixed lower than 0.9960, then a move to 0.9850 can be thought about, where the interlacing between the level and Fibo lies with a value of 23.6. * The presented market analysis is informative and does not constitute a guide to the transaction.The product has been offered by InstaForex Company-www.instaforex.com

By | May 15, 2018

Impulsive, strong, upward movement pleased traders since the month of February, issuing a result of more than 800 points of the move. It was affirmed to be overbought for a long time. Upon analyzing the last month, an impulse move can be seen without pullbacks and no significant stops. Now, the quotation was able to reach an important range level of 1.0050 / 1.0100, where a periodic ceiling was reached and finally managed at least a little, but go into rollback. It is possible to assume that a correction should be made and the current pullback is the first sellers who broke into the market, but we should not exclude that the old buyers are still sitting in the market and holds long positions. Thus, the buyers may can probably knock off at 0.9960 / 1.0030, but if the price still can be fixed lower than 0.9960, then a move to 0.9850 can be considered, where the interlacing between the level and Fibo is located with a value of 23.6.

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* The presented market analysis is informative and does not constitute a guide to the transaction.

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

Jonathon Alexander

Technical analysis and trading suggestions for the GBPUSD currency set since May 14, 2018 888011000 110888 After the substantial down movement, the GBP/USD currency pair approached the variety level of 1.3440 (1.3440/ 1.3480), where it reach the support level and formed a downturn through a small flat 1.3480/ 1.3610. Now, we continue to move within the prescribed limitations (1.3480/ 1.3610 and regularly resolving the boundaries. It is possible to presume that the current stagnancy will still stay in the market, but the extended fluctuation only delays the procedure of the shot. For these reasons, traders must plainly keep track of the fixation beyond the borders and looking at the full picture, we could see that the “bearish” positions are overheated and the transition process of correction is not far off. In the event of repairing the rate greater than 1.3620, we are most likely to break the ice to 1.3700/ 1.3750.Key LevelsResistance – 1.3610 *; 1.3700; 1.4000 ***; 1.4240 *.Assistance for 1.3440 **; 1,3300 *; 1,3000 ***.* Routine level ** Variety level*** Mental level Attention: Predictions are not a direct action to action! * The provided market analysis is informative and does not make up a guide to the transaction.The material has been offered by InstaForex Business -www.instaforex.com

By | May 15, 2018

After the significant downward movement, the GBP/USD currency pair approached the range level of 1.3440 (1.3440 / 1.3480), where it reach the support level and formed a slowdown in the form of a small flat 1.3480 / 1.3610. Now, we continue to move within the prescribed limits (1.3480 / 1.3610 and consistently working through the boundaries. It is possible to assume that the current stagnation will still remain in the market, but the extended fluctuation only delays the process of the shot. For these reasons, traders should clearly monitor the fixation beyond the borders and looking at the full picture, we could see that the “bearish” positions are overheated and the transition process of correction is not far off. In the event of fixing the price higher than 1.3620, we are likely to open the way to 1.3700 / 1.3750.

Key Levels

Resistance – 1.3610 *; 1.3700; 1.4000 ***; 1.4240 *.

Support for 1.3440 **; 1,3300 *; 1,3000 ***.

* Periodic level

** Range level

*** Psychological level

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Attention: Predictions are not a direct action to action!

* The presented market analysis is informative and does not constitute a guide to the transaction.

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

Jonathon Alexander