Technical analysis of USD/CAD for November 29, 2016 888011000 110888 General summary for 29/11/2016:Another corrective wave has actually been made (identified as a (green)) as the marketplace keeps trading horizontally between the intraday assistance at the level of 1.3378 and intraday resistance at the level of 1.3566. The first three waves of this wave development have actually been completed and now it looks like the tow for the wave x (green) is in location. That would mean the marketplace must move lower, to the intraday support, after the weekly pivot at the level of 1.3482 is tested and wave b (green) is made too. Support/Resistance:1.3588 – Local High1.3583 – WR11.3566 – Intraday Resistance1.3482 – Weekly Pivot1.3429 – WS11.3378 – Intraday Assistance1.3323 – WS2Trading recommendations:As the corrective cycle is still unfolding, daytraders should open only sell orders around the level of 1.3482 as there is incomplete wave progression to the drawback.. The material has been offered by InstaForex Business – www.instaforex.com

By | November 29, 2016

General overview for 29/11/2016:

Another corrective wave has been made (labeled as a (green)) as the market keeps trading horizontally between the intraday support at the level of 1.3378 and intraday resistance at the level of 1.3566. The first three waves of this wave progression have been completed and now it looks like the tow for the wave x (green) is in place as well. That would mean the market should move lower, towards the intraday support, after the weekly pivot at the level of 1.3482 is tested and wave b (green) is made as well.

Support/Resistance:

1.3588 – Local High

1.3583 – WR1

1.3566 – Intraday Resistance

1.3482 – Weekly Pivot

1.3429 – WS1

1.3378 – Intraday Support

1.3323 – WS2

Trading recommendations:

As the corrective cycle is still unfolding, daytraders should open only sell orders around the level of 1.3482 as there is incomplete wave progression to the downside.

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

Jonathon Alexander

<aTechnical analysis of EUR/JPY for November 29, 2016 888011000 110888 General overview for 29/11/2016:The marketplace made nearly a book correction to the level of 118.50 where the intraday support is. This correction has been identified as wave (iv), so there is another wave to the benefit missing out on, wave (v). Presently, the market is trading around the weekly pivot at the level of 119.23 and is aiming to bounce above the internal supply zone at the level of 119.70. If this level is violated, then the market must break out above the intraday high at the level of 120.16. Support/Resistance:112.16 – Intraday Resistance119.23 – Weekly Pivot118.49 – Intraday Assistance118.32 – WS1116.37 – WS2Trading suggestions:All the buy orders opened around the level of 118.50 needs to be now kept open as there is uncompleted wave progression to the benefit.The product has been provided by InstaForex Business- www.instaforex.com

By | November 29, 2016

General overview for 29/11/2016:

The market made almost a textbook correction down to the level of 118.50 where the intraday support is. This correction has been labeled as wave (iv), so there is one more wave to the upside missing, wave (v). Currently, the market is trading around the weekly pivot at the level of 119.23 and is trying to bounce above the internal supply zone at the level of 119.70. If this level is violated, then the market should break out above the intraday high at the level of 120.16.

Support/Resistance:

112.16 – Intraday Resistance

119.23 – Weekly Pivot

118.49 – Intraday Support

118.32 – WS1

116.37 – WS2

Trading recommendations:

All the buy orders opened around the level of 118.50 should be now kept open as there is uncompleted wave progression to the upside.

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

Jonathon Alexander

EUR/NZD analysis for November 29, 2016 888011000 110888 Recently, EUR/NZD has actually been moving downwards. As I anticipated, the rate tested the level of 1.4929 in a high volume. Utilizing the marketplace profile on the M30 amount of time, I found that price went from balance to imbalance. Besides, the rate broke the swing low from yesetrday, which is a sign of weak point. Look for selling chances on the pullbacks. I positioned Fibonacci growth to discover potential downward target and got the growth 100 %at the cost of 1.4875 andFibonacci expansion 161.8%at the rate of 1.4790. Fibonacci Pivot Points : Resistancelevels R1: 1.5070R2: 1.5100 R3: 1.5150 Assistance levels: S1: 1.4965 S2: 1.4935 S3: 1.4882 Trading suggestions for today: expect a possible downward movement.The product has been provided by InstaForex Company- www.instaforex.com

By | November 29, 2016

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Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.4929 in a high volume. Using the market profile on the M30 time frame, I found that price went from balance to imbalance. Besides, the price broke the swing low from yesetrday, which is a sign of weakness. Watch for selling opportunities on the pullbacks. I placed Fibonacci expansion to find potential downward target and got the expansion 100% at the price of 1.4875 and Fibonacci expansion 161.8% at the price of 1.4790.

Fibonacci Pivot Points:

Resistance levels

R1: 1.5070

R2: 1.5100

R3: 1.5150

Support levels:

S1: 1.4965

S2: 1.4935

S3: 1.4882

Trading recommendations for today: watch for a potential downward movement.

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

Jonathon Alexander

Gold analysis for November 29, 2016 888011000 110888 Because our previous analysis, gold has actually been trading sideways at the price fo $1,188.50. The analysis from the other day is still legitimate. Utilizing the market profile analysis, I found a strength of control at the rate of$1,186.00. Anyway, I found the trading variety in between the price of$1,180.40 (support) and the rate of $1,197.00(resistance). The short-term pattern is downward however my advice is to expect a potential breakout of a trading variety to confirm a direction. Thebreakout of resistance might verify additional screening of$1,212.00. The breakout of supportmight verify potential screening of$1,173.00. Fibonacci pivot points: Resistance levels: R1: 1,190.45 R2: 1,191.00 R3: 1,192.00 Support levels: S1: 1,188.75 S2: 1,188.00 S3: 1,187.40 Trading suggestions fortoday: Expect a prospective breakout of a trading variety to verify a more direction.The product has been offered by InstaForex Business- www.instaforex.com

By | November 29, 2016

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Since our previous analysis, gold has been trading sideways at the price fo $1,188.50. The analysis from yesterday is still valid. Using the market profile analysis, I found a strong point of control at the price of $1,186.00. Anyway, I found the trading range between the price of $1,180.40 (support) and the price of $1,197.00 (resistance). The short-term trend is downward but my advice is to watch for a potential breakout of a trading range to confirm a direction. The breakout of resistance may confirm further testing of $1,212.00. The breakout of support may confirm potential testing of $1,173.00.

Fibonacci pivot points:

Resistance levels:

R1: 1,190.45

R2: 1,191.00

R3: 1,192.00

Support levels:

S1: 1,188.75

S2: 1,188.00

S3: 1,187.40

Trading recommendations for today: Watch for a potential breakout of a trading range to confirm a further direction.

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

Jonathon Alexander

<aUSD/CAD intraday technical levels and trading recommendations for November 29, 2016 888011000 110888 On May 16, a bullish pullback towards 1.3000 (61.8%Fibonacci level)was anticipated to use a valid signal to sell the USD/CAD pair. A lack of a significant bearish rejection was manifested during recent consolidations.On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the method towards the 1.3180 level whereconsiderable bearish pressure was originated.Bearish perseverance below 1.3000-1.2970 (61.8% Fibonacci level) was needed to improve bearish momentum in the market.However, on August 18 indications of bullish healing were manifestedaround the rate level of 1.2830 which led to the present bullish breakout above 1.3000. The USD/CAD set was caught in between the rate levels of 1.3000(61.8 %Fibonacci level)and 1.3360(50%Fibonacci level)up until bullish breakout occurred 3 weeks ago.Note that the USD/CAD set was challenging the upper limit of the depicted flag pattern around 1.3360-1.3400 which failed to apply enough bearish pressure on the pair.Bullish determination above 1.3360 will probably liberate a fast bullish motion towards 1.3650 unless the set comes to close listed below 1.3360 prior to the end of the current week.The material has actually been supplied by InstaForex Business – www.instaforex.com

By | November 29, 2016

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On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. However, a lack of a significant bearish rejection was manifested during recent consolidations.

On May 18, temporary bullish fixation above 1.3000 (61.8% Fibonacci level) opened the way towards the 1.3180 level where significant bearish pressure was originated.

Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market.

However, on August 18 signs of bullish recovery were manifested around the price level of 1.2830 which led to the current bullish breakout above 1.3000.

The USD/CAD pair was trapped between the price levels of 1.3000 (61.8% Fibonacci level) and 1.3360 (50% Fibonacci level) until bullish breakout took place three weeks ago.

Note that the USD/CAD pair was challenging the upper limit of the depicted flag pattern around 1.3360-1.3400 which failed to apply enough bearish pressure on the pair.

Bullish persistence above 1.3360 will probably liberate a quick bullish movement towards 1.3650 unless the pair comes to close below 1.3360 before the end of the current week.

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

Jonathon Alexander

Technical analysis of USD/JPY for November 29, 2016 888011000 110888 USD/JPY is anticipated to trade with bullish bias above 111.30. The pair pulled back to check its closest assistance at 111.30, which is expected to permit a momentary stabilization. Even though an extension of the debt consolidation can not be eliminated, its level needs to be restricted. U.S. government bonds firmed up, sending out the benchmark 10-year U.S. Treasury yield down to 2.319% from 2.359 %Friday.Taking advantage of a weaker U.S. dollar, gold gained 0.8%to$1,192 an ounce and silver was up 0.8 %to $16.63 an ounce.The U.S. dollar got deeper into its consolidation stage. The ICE U.S. Dollar Index sank to a session-low of 100.64, the most affordable intraday level given that November 17, beforesettling at 101.18, down 0.3 % on day.As long as 111.30 holds as an essential assistance, the set is most likely to advance towards 112.75 at first. Trading Suggestion: The set is trading above its pivot point. It is likely to trade in a larger variety as long as it remains above its pivot point. Long positions are advised with the very first target at 112.75 and the second one at 113.25. In the option circumstance, brief positions are advised with the very first target at 110.75 if the rate relocations below its pivot point. A break of this target is likely to press the pair additional downwards, and one may expect the second target at 110.25. The pivot point lies at 111.30. Resistance levels: 112.75, 113.25, 113.90Assistance levels: 110.75, 110.25, 110The material has been supplied by InstaForex Company – www.instaforex.com

By | November 29, 2016

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USD/JPY is expected to trade with bullish bias above 111.30. The pair pulled back to test its nearest support at 111.30, which is expected to allow for a temporary stabilization. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

U.S. government bonds firmed up, sending the benchmark 10-year U.S. Treasury yield down to 2.319% from 2.359% Friday.

Taking advantage of a weaker U.S. dollar, gold gained 0.8% to $1,192 an ounce and silver was up 0.8% to $16.63 an ounce.

The U.S. dollar got deeper into its consolidation phase. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3% on day.

As long as 111.30 holds as a key support, the pair is more likely to advance toward 112.75 at first.

Trading Recommendation: The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 112.75 and the second one at 113.25. In the alternative scenario, short positions are recommended with the first target at 110.75 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 110.25. The pivot point lies at 111.30.

Resistance levels: 112.75, 113.25, 113.90

Support levels: 110.75, 110.25, 110

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

Jonathon Alexander

Technical analysis of USD/CHF for November 29, 2016 888011000 110888 USD/CHF is anticipated to rebound. The set broke below its 20-period moving typical but is still trading above the 50-period one. The relative strength index is around its neutrality level at 50 and does not have down momentum. In addition, 1.0100 is playing a key support role, which ought to limit the drawback potential.The U.S. dollar got much deeper into its consolidation stage. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3%on day.As long as this key level is not broken, look for a technical rebound toward 1.0190. A break above this level would require a further upside towards 1.0220. Resistance levels: 1.0190, 1.0220, 1.0250 Support levels: 1.0070, 1.0040, 1.0010 The material has actually been provided by InstaForex Company- www.instaforex.com

By | November 29, 2016

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USD/CHF is expected to rebound. The pair broke below its 20-period moving average but is still trading above the 50-period one. The relative strength index is around its neutrality level at 50 and lacks downward momentum. Additionally, 1.0100 is playing a key support role, which should limit the downside potential.The U.S. dollar got deeper into its consolidation phase. The ICE U.S. Dollar Index sank to a session-low of 100.64, the lowest intraday level since November 17, before settling at 101.18, down 0.3% on day.

As long as this key level is not broken, look for a technical rebound toward 1.0190. A break above this level would call for a further upside toward 1.0220.

Resistance levels: 1.0190, 1.0220, 1.0250

Support levels: 1.0070, 1.0040, 1.0010

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

Jonathon Alexander

Technical analysis of NZD/USD for November 29, 2016 888011000 110888 NZD/USD is anticipated to dominates its advantage motion. The set is trading above its rising 20-period and 50-period moving averages, which play support roles and keep the advantage predisposition. The relative strength index is above its neutrality level at 50 and lacks down momentum. Additionally, 0.7050 (Nov 28 bottom)is playing a crucial assistance function, which need to limitthe downside potential. As long as this essential level is not broken, search for a further upside toward 0.7100 and even 0.7130 in extension.The set is trading above its pivot point. It is likely to sell a broader range as long as it stays above its pivot point. Long positions are recommended with the first target at 0.7110 and the 2nd one at 0.7130. In the alternative circumstance, brief positions are recommended with the very first target at 0.7030 if the cost moves listed below its pivot point. A break of this target is most likely to push the set further downwards,and one might expect the 2nd target at 0.7010. The pivot point lies at 0.7050. Resistance levels: 0.7100, 0.7130, 0.7170 Support levels: 0.6950, 0.6920, 0.6885 The material has actually been offered by InstaForex Company- www.instaforex.com

By | November 29, 2016

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NZD/USD is expected to prevails its upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum. Additionally, 0.7050 (Nov 28 bottom) is playing a key support role, which should limit the downside potential. As long as this key level is not broken, look for a further upside toward 0.7100 and even 0.7130 in extension.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7110 and the second one at 0.7130. In the alternative scenario, short positions are recommended with the first target at 0.7030 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.7010. The pivot point lies at 0.7050.

Resistance levels: 0.7100, 0.7130, 0.7170

Support levels: 0.6950, 0.6920, 0.6885

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

Jonathon Alexander