Everyday analysis of significant pairs for January 3, 2017 888011000 110888 EUR/USD: The EUR/USD aimed to trend downwards on Monday, in a quote to remedy what occurred last week, to go along the current bearish predisposition in the market. It is possible that rate would move downwards by around 100 pips today– an occasion that might stress the current bearish predisposition on the market. The bearish predisposition would basically stay valid as long as cost stays listed below the resistance line at 1.0600. USD/CHF: The USD/CHF pair aimed to trend upwards on Monday, in a bid to recover the loss of the recently. Rate is likely to move upwards by around 200 pips this week– an occasion that might stress the recent bullish bias onthe marketplace. The bullish predisposition would essentially stay legitimate as long as rate stays above the assistance level at 1.0000. GBP/USD: The GBP/USD pair moved sideways recently, before making a bullish effort at the end of the week. The outlook is still bearish( unless the distributionterritory at 1.2500 is conquered ),. and the circulation areas at 1.2200 and 1.2150 could be checked this week. since a strong bearish movement is expected in the market. There was some. southward motion on January 2, 2017. USD/JPY: There is a. bullish signal on the USD/JPY pair, owing to a clean Bullish Confirmation Pattern. that is present on the 4-hour chart. Price is presently above the demand level. at 117.00, and it may reach the supply level at 118.00 today or tomorrow. There. is a need for rate to go down by a minimum of, 300 pips, prior to there could be any. dangers to the present bullish outlook.< img width=" 450" src= ” http://qkfx.com/wp-content/uploads/2017/01/daily-analysis-of-major-pairs-for-january-3-2017-3.png” alt= “4. png”/ > EUR/JPY: This currency. trading instrument could still go additional upwards today. Because EUR made. some bullish efforts recently, cost went upwards, closing above the need. zone at 122.50, and producing a brand-new bullish signal , owing to a Bullish. Verification Pattern in the market. < img width=" 450" src=" http://qkfx.com/wp-content/uploads/2017/01/daily-analysis-of-major-pairs-for-january-3-2017-4.png" alt=" 5.png”/ > The product has been supplied by InstaForex Business – www.instaforex.com

By | January 3, 2017

EUR/USD: The EUR/USD
tried to trend downwards on Monday, in a bid to correct what happened last
week, to go along the recent bearish bias in the market. It is possible that
price would move downwards by around 100 pips this week – an event that could
emphasize the recent bearish bias on the market. The bearish bias would
essentially remain valid as long as price stays below the resistance line at
1.0600.

1483438326_1.png

USD/CHF: The USD/CHF pair tried to trend upwards on Monday, in a bid to recover the loss of the last week. Price is likely to move upwards by around 200 pips this week – an event that could emphasize the recent bullish bias on the market. The bullish bias would essentially remain valid as long as price stays above the support level at 1.0000.

2.png

GBP/USD: The GBP/USD
pair moved sideways last week, before making a bullish attempt at the end of the week.
The outlook is still bearish (unless the distribution territory at 1.2500 is overcome),
and the distribution territories at 1.2200 and 1.2150 could be tested this week
because a strong bearish movement is expected in the market. There was some
southward movement on January 2, 2017.

3.png

USD/JPY: There is a
bullish signal on the USD/JPY pair, owing to a clean Bullish Confirmation Pattern
that is present on the 4-hour chart. Price is currently above the demand level
at 117.00, and it may reach the supply level at 118.00 today or tomorrow. There
is a need for price to go down by at least, 300 pips, before there could be any
threats to the current bullish outlook.

4.png

EUR/JPY: This currency
trading instrument could still go further upwards this week. Since EUR made
some bullish attempts last week, price went upwards, closing above the demand
zone at 122.50, and generating a new bullish signal, owing to a Bullish
Confirmation Pattern in the market.

5.png

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

Jonathon Alexander

German Unemployment Declines More Than Forecast

By | January 3, 2017

Germany’s unemployment decreased more than expected in December, reports stated citing the Federal Labor Agency on Tuesday.

The variety of people out of work plunged 17,000 in December from November, much bigger than the expected fall of 5,000.

At the exact same time, the unemployed rate held steady at 6 percent as expected in December.

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

Jonathon Alexander

Technical analysis of USD/CAD for January 3, 2017 888011000 110888 USD/CAD requires care from traders as it is extremely probable that the highs at 1.3597 are likewise important medium-term highs and that another run towards 1.31 has begun. Rate is trading inside a long-term sideways upward sloping channel respecting the limits all this time. Red lines-bearish channel The USD/CAD pair is trading inside the bearish channel and has broken through cloud support. Pattern is bearish in the short-term. Support is at 1.3350 and resistance at 1.3455. A break out of the channel will press rate to 1.35-1.3550. Red lines -upward sloping trading range There are many signs that USD/CAD has actually made a high of similar significance as it did last time near 1.36.The last time we saw a turnaround at 1.36, costs pushed as low as the lower trading variety border near 1.30. The lower border is now near 1.31. I choose to offer bounces and open short positions with 1.36 as stop. As soon as this trading variety is broken, anticipate a strong sell-off in USD/CAD. The product has been supplied by InstaForex Company-www.instaforex.com

By | January 3, 2017

USD/CAD requires caution from traders as it is highly probable that the highs at 1.3597 are also important medium-term highs and that another run towards 1.31 has started. Price is trading inside a long-term sideways upward sloping channel respecting the boundaries all this time.

analytics586b63799287c.png

Red lines – bearish channel

The USD/CAD pair is trading inside the bearish channel and has broken through cloud support. Trend is bearish in the short-term. Support is at 1.3350 and resistance at 1.3455. A break out of the channel will push price towards 1.35-1.3550.

analytics586b63c79e8ad.png

Red lines – upward sloping trading range

There are many signs that USD/CAD has made a high of similar importance as it did last time near 1.36. The last time we saw a reversal at 1.36, prices pushed as low as the lower trading range boundary near 1.30. The lower boundary is now close to 1.31. I prefer to sell bounces and open short positions with 1.36 as stop. Once this trading range is broken, expect a strong sell-off in USD/CAD.

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

Jonathon Alexander

Technical analysis of USD/JPY for January 3, 2017 888011000 110888 The USD/JPY is trading right below the 118 level where the last time we saw a rejection and a pullback towards 116. The pullback is not over and rate is most likely to reverse and move to 114-112 than 120. The important level to keep an eye out for is at 117.20-117. Red line- resistance Green line-support Short-term assistance and a reversal level is at 117.20-117. A break below that level will validate that an essential high is positioned at118.50 and a pullback to 114 a minimum of must be expected. I stay bearish about USD/JPY looking for a push below 116. Overbought with divergence signs by the oscillators, USDJPY bulls need to be really careful. A pullback towards the everyday cloud assistance and the 38 %Fibonacci retracement is warranted and highly probable.The material has been supplied by InstaForex Business-www.instaforex.com

By | January 3, 2017

The USD/JPY is trading right below the 118 level where the last time we saw a rejection and a pullback towards 116. The pullback is not over and price is more likely to reverse and move towards 114-112 than 120. The important level to watch out for is at 117.20-117.

analytics586b610cad31b.png

Red line – resistance

Green line – support

Short-term support and a reversal level is at 117.20-117. A break below that level will confirm that an important high is placed at 118.50 and a pullback towards 114 at least should be expected. I remain bearish about USD/JPY looking for a push below 116.

analytics586b6165790d7.png

Overbought with divergence signs by the oscillators, USDJPY bulls should be very cautious. A pullback towards the daily cloud support and the 38% Fibonacci retracement is justified and highly probable.The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

South Korea Manufacturing Sector Continues To Agreement – Nikkei

By | January 3, 2017

The manufacturing sector in South Korea continued to contract in December, although at a slower pace, the most recent survey from Nikkei revealed on Tuesday with a PMI score of 49.4.

That’s up from 48.0 in November, although it stays beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production decreased at the slowest rate in the last five months, while cost inflationary pressures accelerated to a 67-month high.

Brand-new orders fell at a softer rate, assisted by a resumption of new export growth.

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

Jonathon Alexander

Philippines Manufacturing PMI Slows In December – Nikkei

By | January 3, 2017

The manufacturing sector in the Philippines continued to broaden in December, although at a slower rate, the most recent study from Nikkei exposed on Tuesday with a PMI score of 55.7.

That’s below 56.3 in November, although it stays well above the boom-or-bust line of 50 that separates expansion from contraction.

Separately, output growth accelerated while total new orders increased at a slower rate.

Vendor performance degraded for the very first time in study history, while input expense inflation was at a study record high.

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

Jonathon Alexander

EUR/USD Technical Analysis for January 01, 2017.

By | January 2, 2017

Technical outlook and chart setups:

The EUR/USD pair looks to be in
the middle of 2 trade possibilities. I) The pair is seen to be trading at
1.0475 levels for now, which is likewise fibonacci 0.618 assistance of the rally
between 1.0375 and 1.0650 levels. A bullish bounce here might push prices
greater above 1.0650 levels to 1.0874 a minimum of. II) A continued push lower
from present levels, could restore the long-term bearish structure into
focus and EUR/USD need to see parity levels faster. The likelihoods are equally
spread in the meantime, with both bulls and bears wishing to take control from here. It
is for that reason recommended to remain flat for now. Immediate support is
seen at 1.0380 levels, while resistance is seen at 1.0670 levels respectively.Trading suggestions: Stay flat for now. Great luck!The material has actually

been offered by InstaForex Business- www.instaforex.com

Jonathon Alexander