Technical analysis of USD/JPY for September 22, 2017 888011000 110888 USD/JPY is expected to trade with a bearish outlook. The set pulled back from 112.75 and broke below its 50-period and 20-period moving averages.In addition, the 20-period moving typical crossed below the 50-period one. The relative strength index is revealing drawback momentum.To conclude, as long as 112.35 is not surpassed, search for a further drop to 111.60. A break below this level would trigger a brand-new decline to 111.20. If the price relocations in the opposite instructions, a long position is advised above 112.35 with a target at 112.50. Chart Explanation: The black line reveals the pivot point. The existing cost above the pivot point shows a bullish position, while the price below the pivot point is a signal for a short position.The red lines show the support levels and the green line showsthe resistance level. These levels can be used to get in and exit trades.Strategy: PURCHASE, Stop Loss: 112.35 , Take Profit: 111.60 Resistance levels: 113.30, 113.75 and 114.15 Support Levels: 111.60, 111.20, 110.80 The product has actually been supplied by InstaForex Business -www.instaforex.com

By | September 22, 2017

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USD/JPY is expected to trade with a bearish outlook. The pair retreated from 112.75 and broke below its 20-period and 50-period moving averages. In addition, the 20-period moving average crossed below the 50-period one. The relative strength index is showing downside momentum.

To conclude, as long as 112.35 is not surpassed, look for a further drop to 111.60. A break below this level would trigger a new decline to 111.20.

Alternatively, if the price moves in the opposite direction, a long position is recommended above 112.35 with a target at 112.50.

Chart Explanation: The black line shows the pivot point. The current price above the pivot point indicates a bullish position, while the price below the pivot point is a signal for a short position. The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy: BUY, Stop Loss: 112.35, Take Profit: 111.60

Resistance levels: 113.30, 113.75 and 114.15 Support Levels: 111.60, 111.20, 110.80

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

Jonathon Alexander

Technical analysis of USD/CHF for September 22, 2017 888011000 110888 USD/CHF is anticipated to trade with a bearish outlook. The set pulled away from 0.9720 and broke listed below its 20-period and 50-period moving averages.In addition, the 20-period moving average crossed below the 50-period one. The relative strength index is revealing drawback momentum.The U.S. dollar gotan increase from the Federal Reserve’s program for another rates of interest increase up until the year end. To conclude, as long as 0.9720 is not exceeded, try to find a further drop to 0.9650. A break listed below this level would trigger a new decline to 0.9625. Chart Explanation: The black line reveals the pivot point. The present price above the pivot point shows a bullish position, and the rate listed below the pivot points indicates a brief position. The red lines reveal the assistance levels and the green lineshows the resistance levels. These levels can be utilized toleave and get in trades.Strategy: BUY, Stop Loss: 0.9720, Take Revenue: 0.9650 Resistance levels: 0.9765, 0.9795, and 0.98830 Support levels: 0.9650, 0.9625, and 0.9775 The material has actually been supplied by InstaForex Business-www.instaforex.com

By | September 22, 2017

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USD/CHF is expected to trade with a bearish outlook. The pair retreated from 0.9720 and broke below its 20-period and 50-period moving averages. In addition, the 20-period moving average crossed below the 50-period one. The relative strength index is showing downside momentum.

The U.S. dollar got a boost from the Federal Reserve’s agenda for another interest rate increase until the year end.

To conclude, as long as 0.9720 is not surpassed, look for a further drop to 0.9650. A break below this level would trigger a new decline to 0.9625.

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 points 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: 0.9720, Take Profit: 0.9650

Resistance levels: 0.9765, 0.9795, and 0.98830

Support levels: 0.9650, 0.9625, and 0.9775

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

Jonathon Alexander

Technical analysis of GBP/JPY for September 22, 2017 888011000 110888 Our very first target which we forecasted in the other day’s analysis has actually been struck. The pair is still trading on advantage and expected to publish some additional gains. From a chartist viewpoint , the set has actually broken above a decreasing trend line. The 30-min RSI is publishing a bearish divergence calling for caution. As an effect, above 151.25, an additional advance can be anticipated to 152.90 and even 153.40. Additionally, if the cost relocations in the instructions opposite to the forecast, a short position is suggested below 151.25 with the target at 151.00. Strategy: PURCHASE, Stop Loss: 151.25, Take Revenue: 152.90 Chart Explanation: the black line shows the pivot point. The cost above the pivot point suggests long positions; when it is listed below the pivot points, it suggests brief positions. The red lines show the support levels and the green linesuggests the resistance levels. These levels can be used to get in and exit trades.Resistance levels: 152.90, 153.40 and 154.00 Support levels: 151.00, 149.35, and 149.35 The material has been offered by InstaForex Company-www.instaforex.com

By | September 22, 2017

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Our first target which we predicted in yesterday’s analysis has been hit. The pair is still trading on upside and expected to post some further gains. From a chartist point of view, the pair has broken above a declining trend line. However, the 30-min RSI is posting a bearish divergence calling for caution.

As a consequence, above 151.25, a further advance can be expected towards 152.90 and even 153.40.

Alternatively, if the price moves in the direction opposite to the forecast, a short position is recommended below 151.25 with the target at 151.00.

Strategy: BUY, Stop Loss: 151.25, Take Profit: 152.90

Chart Explanation: the black line shows the pivot point. The price above the pivot point indicates long positions; and when it is below the pivot points, it indicates short positions. 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.

Resistance levels: 152.90, 153.40 and 154.00

Support levels: 151.00, 149.35, and 149.35

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

Jonathon Alexander

GBP/USD analysis for September 22, 2017 888011000 110888 Recently, the GBP/USD set has been trading sideways at the price of 1.3570. Anyway, inning accordance with the 30M timespan, I discovered a fake breakout yesterday’s high at the rate of 1.3586, which is an indication that purchasing looks dangerous. There is a downward breakout of the Asia session’s trading range, whichis another sign of weak point. My recommendationsis to expect possible selling opportunities. The downward targets areset at the rate of 1.3475 and 1.3455. Resistance levels: R1: 1.3585 R2: 1.3620 R3: 1.3645 Assistance levels: S1: 1.3530 S2: 1.3500 S3: 1.3470 Trading suggestions for today: look for possible selling opportunities.The material has actually been offered by InstaForex Company- www.instaforex.com

By | September 22, 2017

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Recently, the GBP/USD pair has been trading sideways at the price of 1.3570. Anyway, according to the 30M time frame, I found a fake breakout yesterday’s high at the price of 1.3586, which is a sign that buying looks risky. There is a downward breakout of the Asia session’s trading range, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3475 and 1.3455.

Resistance levels:

R1: 1.3585

R2: 1.3620

R3: 1.3645

Support levels:

S1: 1.3530

S2: 1.3500

S3: 1.3470

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 NZD/USD for September 22, 2017 888011000 110888 We will maintain our yesterday’s technical levels. The pair is still under pressure and is trading listed below its decreasing 20-period and 50-period moving averages, which play resistance functions and preserve the downside predisposition. The relative strength index is bearish and calls for a more drop. To conclude, as long as 0.7360 is not surpassed, a new test to 0.7275 and even to 0.7245 appears more likely to occur. The black line is showing the pivot point. Presently, the price is above the pivot point, which indicates long positions. If it remains listed below the pivot point, it will indicate brief positions. The red lines is revealing the assistance levels and the green line is suggesting the resistance levels. These levels can be utilized to go into and leave trades.Resistance levels: 0.7390, 0.7410, and 0.7455 Support levels: 0.7275, 0.7245, and 0.7180 The material has been supplied by InstaForex Business-www.instaforex.com

By | September 22, 2017

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We will retain our yesterday’s technical levels. The pair is still under pressure and is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is bearish and calls for a further drop.

To conclude, as long as 0.7360 is not surpassed, a new test to 0.7275 and even to 0.7245 seems more likely to occur.

The black line is showing the pivot point. Currently, the price is above the pivot point, which indicates long positions. If it remains below the pivot point, it will indicate short positions. The red lines is showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7390, 0.7410, and 0.7455

Support levels: 0.7275, 0.7245, and 0.7180

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

Jonathon Alexander

Bitcoin analysis for September 22, 2017 888011000 110888 The Bitcoin(BTC )has actually been trading downwards. As I expected, the cost checked the level of $3,850 driven on the news that Chinese bitcoin exchange executives must stay in China throughout the government’s crackdown and “clean-up “of the country’s cryptocurrency markets. A rough translation from a story released by China’s Bjnews mentions that “a number of educated sources say the executives of unique currency trading platforms are not enabled to leave Beijing to cooperate with the examination. The technical photo validates down presure.According to the 1H timespan, I found a strong rejection from crucial resistnace cluster at the cost of$ 4,000, which is a sign that buying looks risky. Another sign of weak point is a breakout of increasing wedges in the background. My suggestions is to look for offering chances.Down targets are set at the cost of$3,643 and$2,976. Support/Resistance$3,750– Intraday resistance (rate action) $4,000– Major cluster resistance (priceaction )$3,463– Pattern unbiased target$2,976– Second unbiased target(price action )With InstaForex you can earn on cryptocurrency’s motions today. Simply open a deal in your MetaTrader4.The material has been provided by InstaForex Company – www.instaforex.com

By | September 22, 2017

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The Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $3,850 driven on the news that Chinese bitcoin exchange executives must stay in China during the government’s crackdown and “clean-up” of the nation’s cryptocurrency industries. A rough translation from a story published by China’s Bjnews states that “a number of informed sources say the executives of special currency trading platforms are not allowed to leave Beijing to cooperate with the investigation. The technical picture confirms downward presure.

According to the 1H time frame, I found a strong rejection from key resistnace cluster at the price of $4,000, which is a sign that buying looks risky. Another sign of weakness is a breakout of rising wedges in the background. My advice is to watch for selling opportunities. Downward targets are set at the price of $3,643 and $2,976.

Support/Resistance

$3,750 – Intraday resistance (price action)

$4,000 – Major cluster resistance (price action)

$3,463 – Pattern objective target

$2,976 – Second objective target (price action)

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

NZD/USD Intraday technical levels and trading suggestions for September 22, 2017 888011000 110888 Daily Outlook In February 2017, the portrayed short-term downtrend was initiated around the illustrated supply zone (0.7310-0.7380). Nevertheless, a recent bullish breakout above the downtrend line took place on May 22. Considering thatthen, the marketplace has actually been bullish as depicted on the chart.The price zone of 0.7150-0.7230(Key-Zone)stood as a temporary resistance zone untila bullish breakout was revealed above 0.7230. This resulted in a fast bullish advance towards the next supply zone around 0.7310-0.7380 which was briefly breached to the upside.Recent bearish pullback was carried out towards the rate zone of 0.7310-0.7380(newly-established demand-zone) which failed to use adequate bullish support for the NZD/USD pair.Re-consolidation below the rate level of 0.7300 enhances the bearish side of the market. This brings the NZD/USDset once again towards 0.7230-0.7150 (Key-Zone) where current weak bullish recovery appeared earlier in September.An atypical Head and Shoulders pattern is being expressed on the depicted chart indicating high possibility of bearish reversal. The current rate levels of 0.7320-0.7350 can be expected a valid OFFER entry if adequate bearish rejection is expressed.Breakdown of the neck line 0.7150 validates the reversal pattern. Expected bearish targets are located around 0.7050, 0.6925 and eventually 0.6800. The material has actually been offered by InstaForex Business-www.instaforex.com

By | September 22, 2017

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Daily Outlook

In February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380).

However, a recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart.

The price zone of 0.7150-0.7230 (Key-Zone) stood as a temporary resistance zone until a bullish breakout was expressed above 0.7230.

This resulted in a quick bullish advance towards the next supply zone around 0.7310-0.7380 which was temporarily breached to the upside.

Recent bearish pullback was executed towards the price zone of 0.7310-0.7380 (newly-established demand-zone) which failed to offer enough bullish support for the NZD/USD pair.

Re-consolidation below the price level of 0.7300 enhances the bearish side of the market. This brings the NZD/USD pair again towards 0.7230-0.7150 (Key-Zone) where recent weak bullish recovery was manifested earlier in September.

An atypical Head and Shoulders pattern is being expressed on the depicted chart indicating high probability of bearish reversal.

The current price levels of 0.7320-0.7350 can be watched for a valid SELL entry if enough bearish rejection is expressed.

Breakdown of the neckline 0.7150 confirms the reversal pattern. Expected bearish targets are located around 0.7050, 0.6925 and eventually 0.6800.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for September 22, 2017 888011000 110888 Month-to-month Outlook In January 2015, the EUR/USD pair moved listed below the significant need levels near 1.2050-1.2100(several previous bottoms set in July 2012 and June 2010). Hence, a long-lasting bearish target was forecasted towards 0.9450. In March 2015, EUR/USD bears challenged the month-to-month need level around 1.0500, which had actually been formerly reached in August 1997. In thelonger term, the level of 0.9450 stays a projected target if any monthly candlestick accomplishes bearish closure below the depicted monthly need level of 1.0500. The EUR/USD set has actually been caught within the portrayed debt consolidation range(1.0500-1.1450)till the present bullish breakout was performed above 1.1450. The current bullish breakout above 1.1450 allows a fast bullish advance to 1.2100 where price action need to be watched for evident bearish rejection and a legitimate SELL Entry. Daily Outlook In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has actually been expressed on the chart.As anticipated, the continuous bullish momentum allowed the EUR/USD pair to pursue additional bullish advancetowards 1.1415-1.1520( Previous Daily Supply-Zone). The daily supply zone failed to stop briefly the continuous bullish momentum. Instead, apparent bullish breakout is being witnessed on the chart. The next Supply level to fulfill the pair is located around 1.2100(Level of previous numerous bottoms )where bearish rejection and a legitimate OFFER entry can be anticipated.On the other hand, if bearish pullback persists listed below 1.1800 (the illustrated uptrend line) and 1.1700, a quick bearish decrease should be anticipated to the cost zone of 1.1415-1.1520 where BUY entries can be offered.The producthas been supplied by InstaForex Business – www.instaforex.com

By | September 22, 2017

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Monthly Outlook

In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997.

In the longer term, the level of 0.9450 remains a projected target if any monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0500.

However, the EUR/USD pair has been trapped within the depicted consolidation range (1.0500-1.1450) until the current bullish breakout was executed above 1.1450.

The current bullish breakout above 1.1450 allows a quick bullish advance towards 1.2100 where price action should be watched for evident bearish rejection and a valid SELL Entry.

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Daily Outlook

In January 2017, the previous downtrend reversed when the Head and Shoulders pattern was established around 1.0500. Since then, evident bullish momentum has been expressed on the chart.

As anticipated, the ongoing bullish momentum allowed the EUR/USD pair to pursue further bullish advance towards 1.1415-1.1520 (Previous Daily Supply-Zone).

The daily supply zone failed to pause the ongoing bullish momentum. Instead, evident bullish breakout is being witnessed on the chart. The next Supply level to meet the pair is located around 1.2100 (Level of previous multiple bottoms) where bearish rejection and a valid SELL entry can be anticipated.

On the other hand, if bearish pullback persists below 1.1800 (the depicted uptrend line) and 1.1700, a quick bearish decline should be expected towards the price zone of 1.1415-1.1520 where BUY entries can be offered.

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

Jonathon Alexander