Elliott wave analysis of EUR/NZD for August 18, 2017 888011000 110888 < imgwidth =”450 “src= “http://qkfx.com/wp-content/uploads/2017/08/elliott-wave-analysis-of-eurnzd-for-august-18-2017.png “alt =”analytics5996656896699.png”/ > Wave summary: If a clear break above 1.6236 is not seen quickly, we will likely see a deeper correction closer to 1.5928 before the next spontaneous rally greater. Onlya clear break above 1.6236 validatesthe next leg greater towards 1.6969 with small resistance seen at 1.6349 and 1.661.6636 en route up. R3: 1.6349 R2: 1.6236 R1: 1.6125 Pivot: 1.6100 S1: 1.6050 S2: 1.6000 S3: 1.5928 Trading recommendation: Our stop at 1.6050 has actually been pinched hit a great 540 pips profit. We will buy EUR once again at 1.5950 or upon a break above 1.6236. The product has actually been offered by InstaForex Business-www.instaforex.com

By | August 18, 2017

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Wave summary:

If a clear break above 1.6236 is not seen soon, we will likely see a deeper correction closer to 1.5928 before the next impulsive rally higher. Only a clear break above 1.6236 confirms the next leg higher towards 1.6969 with minor resistance seen at 1.6349 and 1.661.6636 on the way up.

R3: 1.6349

R2: 1.6236

R1: 1.6125

Pivot: 1.6100

S1: 1.6050

S2: 1.6000

S3: 1.5928

Trading recommendation:

Our stop at 1.6050 has been hit for a nice 540 pips profit. We will buy EUR again at 1.5950 or upon a break above 1.6236.

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

Jonathon Alexander

Elliott wave analysis of EUR/JPY for August 18, 2017 888011000 110888 Wave summary: The break listed below assistance at 128.89 told us the restorative decline in wave X was not complete and more disadvantage closer to 127.19 and perhaps even closer to 125.08 might be seen. Continue to look lower as long as small resistance at 129.16 has the ability to top the advantage. If, nevertheless, a break above 129.16 is seen that will be the very firstindicationthat the X-wave is complete, while abreak above130.40 validatesthat for thelast rally greater to137.36. R3: 130.40 R2: 129.50 R1: 129.19 Pivot: 128,50 S1: 127.96 S2: 127.50 S3: 127.19 Trading recommendation: We sold EUR at 128.89 our stop is now put at 129.25 and take revenue at 127.25. The material has actually been supplied by InstaForex Business-www.instaforex.com

By | August 18, 2017

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Wave summary:

The break below support at 128.89 told us the corrective decline in wave X was not complete and more downside closer to 127.19 and maybe even closer to 125.08 could be seen. Continue to look lower as long as minor resistance at 129.16 is able to cap the upside. If, however, a break above 129.16 is seen that will be the first indication that the X-wave is complete, while a break above 130.40 confirms that for the final rally higher towards 137.36.

R3: 130.40

R2: 129.50

R1: 129.19

Pivot: 128,50

S1: 127.96

S2: 127.50

S3: 127.19

Trading recommendation:

We sold EUR at 128.89 our stop is now placed at 129.25 and take profit at 127.25.

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

Jonathon Alexander

Day-to-day analysis of major pairs for August 18, 2017 888011000 110888 EUR/USD: The EUR/USD has just consolidated up until now this week, with no much directional motion. The marketplace is quite choppy today, and it would make good sense to stay away from it till the cost exceeds the resistance line at 1.1800 or below the assistance line at 1.1700. USD/CHF: This currency trading instrument went upward to check the resistance level at 0.9750 then dropping listed below the resistance level at 0.9650. This has produced a short-term bearish signal( the. EMA 11 has crossed the EMA 56 to the drawback, and the Williams ‘% Variety duration. 20 is in the oversold territory); which indicates the support levels at 0.9600 and. 0.9550 could be evaluated. GBP/USD: This market went downwards, to test the. accumulation area at 1.2850, and after that moving sideways till now. There is a. Bearish Confirmation Pattern in the chart, and additional downwards movement is. anticipated, especially when the build-up area at 1.2850 is breached to. the disadvantage. USD/JPY: The bearish signal on the USD/JPY has become clearer than it was yesterday. The EMA 11 is below the EMA 56, and the RSI duration 14 is below the 50. Rate is under the supply level at 109.50, and it may target the need levels at 109.00 and 108.50( which might be reached in between today and next Monday ). EUR/JPY: After creating a bearish signal, the EUR/JPY has actually decreased seriously. The rate is now below the supply zone at 128.50, targeting the need zone at 128.00. There is a Bearish Confirmation Pattern in the 4-hour chart, which points to more bearish journey. The material has been offered by InstaForex Business- www.instaforex.com

By | August 18, 2017

EUR/USD: The EUR/USD has only consolidated so far this week, with no much directional movement. The market is quite choppy right now, and it would make sense to stay away from it until the price goes above the resistance line at 1.1800 or below the support line at 1.1700.

1.png

USD/CHF: This currency trading instrument went
upward to test the resistance level at 0.9750 and then dropping below the
resistance level at 0.9650. This has created a short-term bearish signal (the
EMA 11 has crossed the EMA 56 to the downside, and the Williams’ % Range period
20 is in the oversold territory); which means the support levels at 0.9600 and
0.9550 could be tested.

2.png

GBP/USD: This market went downwards, to test the
accumulation territory at 1.2850, and then moving sideways till now. There is a
Bearish Confirmation Pattern in the chart, and further downwards movement is
expected, especially when the accumulation territory at 1.2850 is breached to
the downside.

3.png

USD/JPY: The bearish signal on the USD/JPY has become clearer than it was yesterday. The EMA 11 is below the EMA 56, and the RSI period 14 is below the 50. Price is under the supply level at 109.50, and it may target the demand levels at 109.00 and 108.50 (which could be reached between today and next Monday).

4.png

EUR/JPY: After generating a bearish signal, the EUR/JPY has gone down seriously. The price is now below the supply zone at 128.50, targeting the demand zone at 128.00. There is a Bearish Confirmation Pattern in the 4-hour chart, which points to further bearish journey.

5.png

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

Jonathon Alexander

EUR/USD testing major support, prepare to buy

By | August 18, 2017

The cost is seeing major assistance at 1.1691(Fibonacci extension, horizontal swing low assistance) and we anticipate to see a bounce above this level to 1.1795 resistance(Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing nice assistance above 13% as well as sees an intermediate ascending assistance line push price up.

Purchase above 1.1691. Stop loss is at 1.1645. Take earnings is at 1.1795.

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

Jonathon Alexander

NZD/USD dropping nicely towards revenue target, stay bearish

By | August 18, 2017

The price has actually reversed completely from our offering

location and is approaching our earnings target. We stay bearish listed below 0.7290 resistance(Fibonacci retracement, horizontal pullback resistance )for a more push down to a minimum of 0.7223 assistance (Fibonacci extension, horizontal swing low support). We move our stop loss to 0.7335 resistance to secure our profits.Stochastic(34,5,3)has reversed nicely and has great downside capacity to play our drop.

Sell listed below 0.7290. Stop loss is at 0.7335. Take revenue is at 0.7223. The product has actually been offered by InstaForex Business-www.instaforex.com

Jonathon Alexander

EUR/JPY revenue target reached perfectly, prepare to buy for a bounce

By | August 18, 2017

The price continued its drop the other day and has actually reached our profit target perfectly. We prepare to purchase above major assistance at 130.07(Fibonacci extension, horizontal swing low assistance)for a bounce up to a minimum of 130.07 resistance( Fibonacci retracement, horizontal pullback resistance ). Stochastic(21,5,3)is checking significant assistance at 7.1 % and we anticipate a matching bounce from that level.Correlation analysis: We’re seeing JPY strength with drops on AUD/JPY and EUR/JPY. Offer below 130.07. Stop loss is at 130.42. Take earnings is at 128.92. The material has been offered by InstaForex Company-www.instaforex.com

Jonathon Alexander

AUD/JPY earnings target reached perfectly, prepare to buy for a strong bounce

By | August 18, 2017

The price has dropped absolutely completely from

our selling area to our profit target. We prepare to buy above significant support at 86.02(Fibonacci retracement, horizontal overlap assistance )for a rise to a minimum of 86.94 resistance(Fibonacci retracement, horizontal overlap resistance ). Stochastic(21,5,3)is seeing significant support above 2%where we expect a corresponding bounce from.Correlation analysis: We’re seeing JPY strength with drops on AUD/JPY and EUR/JPY

. Purchase above 86.02. Stop loss is at 85.71. Take profit is at 86.94. The product has actually been supplied by InstaForex Business-www.instaforex.com

Jonathon Alexander

Technical analysis of EUR/USD for Aug 18, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as Bank account and German PPI m/m. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations and Prelim UoMConsumer Belief, so, amid the reports, EUR/USD will move in a lowto medium volatility during this day.TODAY’S TECHNICAL LEVEL: Breakout BUYLevel: 1.1771.Strong Resistance:1.1764.Original Resistance: 1.1753. Inner Offer Area: 1.1742.Target Inner Area: 1.1714. Inner Buy Location: 1.1686.Original Assistance: 1.1675. Strong Support: 1.1664. Breakout SELL Level: 1.1657. Disclaimer: Trading Forex( foreign exchange )on margin brings a high level of danger, and may not appropriate for all financiers. The high degree of leverage can work against you as well as for you. Before deciding to buy foreign exchange you need to thoroughly consider your financial investment objectives, level of experience, and threat appetite. The possibility exists that you might sustain a loss of some or all of your preliminary financial investment and for that reason you need to not invest money that you can not pay for to lose. You ought to be aware of all the threats connected with foreign exchange trading, and consult from an independent financial consultant if you have any doubts.The product has actually been offered by InstaForex Business-www.instaforex.com

By | August 18, 2017

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When the European market opens, some Economic Data will be released, such as Current Account and German PPI m/m. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1771.

Strong Resistance:1.1764.

Original Resistance: 1.1753.

Inner Sell Area: 1.1742.

Target Inner Area: 1.1714.

Inner Buy Area: 1.1686.

Original Support: 1.1675.

Strong Support: 1.1664.

Breakout SELL Level: 1.1657.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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

Jonathon Alexander

ARGENTINA: Merval Falls 0.76% Amid Profit-taking

By | August 17, 2017

Merval, the primary index of the Buenos Aires Stock market, fell 0.76% Thursday, closing at 22,711.76 points, in a session marked by profit-taking after the euphoria with the main elections outcomes.

“The regional market deserted the positive trend of the last 5 wheels, leaving room for a logical profit-taking,” said Oscar Campos, an analyst at Intervalores.

Cresud (+2,63%), Central Puerto (+2.60%), Telecom (+2.41%), Aluar (+1.73%), Edenor (+1.41%), Petrolera Pampa (+1.07%) increased, while Costanera (-3.40%), Transener (-3.01%) and Pampa (-3%) shut down.

The in your area traded US dollar increased 0.87%, closing at 17.36 pesos, amidst a greater demand for hedging.

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

Jonathon Alexander

COLOMBIA: Colcap Increases 0.16% In the middle of Mixed Panel

By | August 17, 2017

Colcap, the main index of the Colombian Stock market, increased 0.16% Friday, closing at 1,470.69 points amidst high trading volume and a combined panel.

David Santos, an expert at Compass Group, stated that the drop in liquid stocks such as Bancolombia Preferencial offset the good performance of the shares that closed the day in the positive side, such as Grupo Sura and Ecopetrol.

Ecopetrol’s shares closed greater after its board of directors accepted the resignation of the current chairman, Juan Carlos Echeverry, for family reasons. Felipe Bay?n Pardo, the current executive vice president was appointed to replace him.

The shares of Grupo Aval (+1.95%), Cemargos (+1.72%), Conconcreto (+1.48%), Banco de Bogot? (+1.42%) and EEB (+1.28%), while ISA (-1.18%), Bancolombia Preferencial (-1.04%), Davivienda (-1.00%) and ETB (-0.73%).

The locally traded United States dollar closed at 2,991.90 Colombian pesos, marking an increase of 0.71%, after the European Reserve bank (ECB) release its minutes. Agust?n Vera, an analyst at International Securities, said that the dollar rebounded after the ECB showed issue about the conditioning of the currency.

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

Jonathon Alexander