NZD/USD Intraday technical levels and trading recommendations for February 3, 2017 888011000 110888 On November 8, substantial signs of a bearish reversal were revealed around the ceiling of the illustrated combination variety(0.7350). Bearish perseverance below 0.7100 permitted a quick decrease towards 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were anticipated. All T/P levels were effectively achieved.Once again, bearish persistence listed below the rate level of 0.7100made it possible for the NZD/USD set to pursue toward lower target levels around 0.6990(the ceiling of the illustrated BUY zone). The cost level of 0.6990 failed to apply adequate bullish pressure. Rather bearish motion continued toward the lower limitation of the portrayed BUY zone (0.6860) which provided considerable bullish rejection on December 23. The NZD/USD set was trapped within the portrayed price range (0.6860-0.6990)until a bullish breakout occurred.A bullish breakout above 0.7000 permitted the setto head toward the cost level of 0.7100(Key-Level)which cannot offer enough bearish pressure on the pair.Bullish perseverance above 0.7100 enabled even more bullish advance towards 0.7250-0.7350 (Sell-Zone )where a legitimate SELL entry can be offered if enough bearish pressure is kept(note the bearish daily candlesticks within the SELL-zone). On the other hand, bullish closure above 0.7350 will probably liberate a fast bullish movement to 0.7450. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | February 3, 2017

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On November 8, significant signs of a bearish reversal were expressed around the upper limit of the depicted consolidation range (0.7350).

Bearish persistence below 0.7100 allowed a quick decline toward 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were successfully achieved.

Once again, bearish persistence below the price level of 0.7100 enabled the NZD/USD pair to pursue toward lower target levels around 0.6990 (the upper limit of the depicted BUY zone).

The price level of 0.6990 failed to apply enough bullish pressure. Instead bearish movement continued toward the lower limit of the depicted BUY zone (0.6860) which provided significant bullish rejection on December 23.

The NZD/USD pair was trapped within the depicted price range (0.6860-0.6990) until a bullish breakout occurred.

A bullish breakout above 0.7000 allowed the pair to head toward the price level of 0.7100 (Key-Level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed further bullish advance toward 0.7250-0.7350 (Sell-Zone) where a valid SELL entry can be offered if enough bearish pressure is maintained (note the bearish daily candlesticks within the SELL-zone).

On the other hand, bullish closure above 0.7350 will probably liberate a quick bullish movement towards 0.7450.

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

Jonathon Alexander

Intraday technical levels and trading suggestions for GBP/USD for February 3, 2017 888011000 110888 By the end of June a substantial bearish break listed below1.3550 was revealed as seen on the portrayed charts(Fundamental Factors). Bearish persistence below the demand level at 1.3550 improvedthe bearish scenario toward the cost levels around 1.2700(Bearish forecast target). The GBP/USD pair has been trapped inside the illustrated debt consolidationrange (above 1.2700)till a bearish breakout happened on October 6. Daily determination below 1.2700 verified the bearish Flag pattern.That is why a bearish forecast target was expected near 1.2020. On October 25, Bullish healing was initiated around the rate level of 1.2080. That is why a bullish pullback was carried out toward 1.2700-1.2750. Risky traders considered this bullish pullbacktoward the rate zone of 1.2700-1.2750 to be a valid OFFER entry. All T/P levels were successfully reached.On January 16, a bullish engulfing candlestick was revealed around the demand level of 1.2000. That is why another bullish breakout above 1.2430 was initiated.The next bullish target is situated around 1.2750where bearish rejection need to be expected.On the other hand, the next bearish destination would be located around 1.1200 when bearish momentum is resumed.The product has actually been offered by InstaForex Company -www.instaforex.com

By | February 3, 2017

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By the end of June a significant bearish break below 1.3550 was expressed as seen on the depicted charts (Fundamental Reasons).

Bearish persistence below the demand level at 1.3550 enhanced the bearish scenario toward the price levels around 1.2700 (Bearish projection target).

The GBP/USD pair has been trapped inside the depicted consolidation range (above 1.2700) until a bearish breakout took place on October 6.

Daily persistence below 1.2700 confirmed the bearish Flag pattern. That is why a bearish projection target was expected near 1.2020.

On October 25, Bullish recovery was initiated around the price level of 1.2080. That is why a bullish pullback was executed toward 1.2700-1.2750.

Risky traders considered this bullish pullback toward the price zone of 1.2700-1.2750 to be a valid SELL entry. All T/P levels were successfully reached.

On January 16, a bullish engulfing candlestick was expressed around the demand level of 1.2000. That is why another bullish breakout above 1.2430 was initiated.

The next bullish target is located around 1.2750 where bearish rejection should be expected.

On the other hand, the next bearish destination would be located around 1.1200 when bearish momentum is resumed.

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

Jonathon Alexander

Intraday technical levels and trading recommendations for EUR/USD for February 3, 2017 888011000 110888 In January 2015, the EUR/USD set moved below the significant demand levels near 1.2100 where historic bottoms were formerly set in July 2012 and June 2010. Thus, a long-lasting bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the regular monthly demand level around 1.0570, which had actually been previously reached in August 1997. Later in April 2015, a strong bullish healing was observed around the pointed out need level.However, next regular monthly candlesticks (September, October, and November)showed a strong bearish rejection around the location of 1.1400-1.1500. In the longer term, the level of 0.9450 remains a predicted target if the existing month-to-month candlestick attains bearish closure listed below the depicted regular monthly need level of 1.0570. Otherwise,the EUR/USD set remains caught within the depicted debt consolidation range (1.0570-1.1400 ). The long-term outlook for the EUR/USD set stays bearish as the month-to-month chart illustrates. Bearish determination listed below 1.0575 is had to pursue this bearish scenario.On November 14, bearish perseverance listed below 1.0825(Key-Level 2)permittedadditional decline toward 1.0570(demand level) where evident bullish rejection was expressed on November 24. Shortly after, the Fibonacci Level 50% (1.0825)made up a recent supply level which used a legitimate SELL entry on December 8. Bearish determination below the illustrated need level(1.0570)was expected to allow additional decline towards 1.0220. However, significant bullish recovery was revealed around thecost level of 1.0340 on January 3. Bullish perseverance above 1.0600 allowed further bullish advance toward 1.0825-1.0850( Fibonacci Level 50 % )where bearish rejection and a valid OFFER entry can be anticipated.Bullish breakout above 1.0570-1.0600 was executed on January 12. That is why the price level of 1.0570 now makes up a recent need level to be expected the bullish rejection if any bearish pullback occurs.The material has actually been offered by InstaForex Business -www.instaforex.com

By | February 3, 2017

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In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously 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 1.0570, which had been previously reached in August 1997.

Later in April 2015, a strong bullish recovery was observed around the mentioned demand level.

However, next monthly candlesticks (September, October, and November) reflected a strong bearish rejection around the area of 1.1400-1.1500.

In the longer term, the level of 0.9450 remains a projected target if the current monthly candlestick achieves bearish closure below the depicted monthly demand level of 1.0570.

Otherwise, the EUR/USD pair remains trapped within the depicted consolidation range (1.0570-1.1400).

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The long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish persistence below 1.0575 is needed to pursue this bearish scenario.

On November 14, bearish persistence below 1.0825 (Key-Level 2) allowed further decline toward 1.0570 (demand level) where evident bullish rejection was expressed on November 24.

Shortly after, the Fibonacci Level 50% (1.0825) constituted a recent supply level which offered a valid SELL entry on December 8.

Bearish persistence below the depicted demand level (1.0570) was expected to allow further decline toward 1.0220. However, significant bullish recovery was expressed around the price level of 1.0340 on January 3.

Bullish persistence above 1.0600 allowed further bullish advance toward 1.0825-1.0850 (Fibonacci Level 50%) where bearish rejection and a valid SELL entry can be anticipated.

Bullish breakout above 1.0570-1.0600 was executed on January 12.

That is why the price level of 1.0570 now constitutes a recent demand level to be watched for the bullish rejection if any bearish pullback occurs.

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

Jonathon Alexander

Technical analysis of USDX for February 3, 2017 888011000 110888 The Dollar index is bouncing off the lower wedge limit. The cost is still inside the down sloping wedge and listed below trend resistance. The Dollar index is anticipated to make volatile relocations today as we await the statement of the Non-Farm Payrolls in the U.S.A. Red lines-downward sloping wedge Blue lines-possible course ahead The Dollar index is falling inside the wedge pattern. The trading variety is getting narrower. I expect new lows towards 99 however I choose to be neutral and await the breakout above the wedge toenter long positions. The RSI is diverging. This is another warning that the trend may quickly reverse to the upside. Green line -long-lasting assistance trendline In the weekly chart of the Dollar index I think the upside has still unfinished business. We might see brand-new highs towards 105 if the Dollar index reverses quickly. It is essential for the bulls to hold the weekly kijun-sen(yellow line indication )which was our initial target.The material has been provided by InstaForex Company-www.instaforex.com

By | February 3, 2017

The Dollar index is bouncing off the lower wedge boundary. The price is still inside the downward sloping wedge and below trend resistance. The Dollar index is expected to make volatile moves today as we wait for the announcement of the Non-Farm Payrolls in the USA.

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Red lines – downward sloping wedge

Blue lines – possible path ahead

The Dollar index is falling inside the wedge pattern. The trading range is getting narrower. I expect new lows towards 99 but I prefer to be neutral and wait for the breakout above the wedge to enter long positions. The RSI is diverging. This is another warning that the trend might soon reverse to the upside.

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Green line – long-term support trendline

In the weekly chart of the Dollar index I believe the upside has still unfinished business. We could see new highs towards 105 if the Dollar index reverses soon. It is important for the bulls to hold the weekly kijun-sen (yellow line indicator) which was our initial target.

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

Jonathon Alexander

Technical analysis of gold for February 3, 2017 888011000 110888 Gold cost made new highs the other day and validated that the shallow pullback towards $1,180 ended the entire correction of the relocation from $1,122 to $1,220. Gold pattern is bullish and is expected to reach $1,280-60 soon. Bulls do not want to see Gold below $1,1197 and specifically below $1,180. Blue line- resistance Red line- assistance Gold is trading above the Ichimoku cloud. The rate is making higher highs and higher lows. Assistance is at$1,197 and the next one is at$1,180. Resistance is at$1,226 and the next one is at $1,250.Gold did not make a deep pullback to$1,160 as I at first anticipated. The shallow retracement is another sign of the strong bullish pattern in Gold. The weekly candle has returned to the Ichimoku cloud. I will anticipate the upper cloud boundary to be reached soon if the week closes with cost inside the cloud. Gold has actually made an important long-term low at$ 1,122 and which is of comparable significance to the $1,045 low of 2015. I expect a big upward move for Gold this year above$ 1,400. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | February 3, 2017

Gold price made new highs yesterday and confirmed that the shallow pullback towards $1,180 ended the entire correction of the move from $1,122 to $1,220. Gold trend is bullish and is expected to reach $1,280-60 soon. Bulls do not want to see Gold below $1,1197 and specially below $1,180.

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Blue line – resistance

Red line – support

Gold is trading above the Ichimoku cloud. The price is making higher highs and higher lows. Support is at $1,197 and the next one is at $1,180. Resistance is at $1,226 and the next one is at $1,250. Gold did not make a deep pullback towards $1,160 as I initially expected. The shallow retracement is another indicator of the strong bullish trend in Gold.

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The weekly candle has re-entered the Ichimoku cloud. If the week closes with price inside the cloud, I will expect the upper cloud boundary to be reached soon. Gold has made an important long-term low at $1,122 and which is of similar importance to the $1,045 low of 2015. I expect a big upward move for Gold this year above $1,400.The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Day-to-day analysis of major pairs for February 3, 2017 888011000 110888 EUR/USD: The EUR/USD went upwards this week, going briefly above the resistance line at 1.0800 and after that getting remedied lower. The bearish correction is shallow and need to be short lived, for the bullish motion would resume once again, and price would move above the resistance line at 1.0800. USD/CHF: This is a bear market and price has been treking downwards in the last numerous trading days. The EMA 11 is listed below the EMA 56 and the RSI period 14 is below the level 50. This points to a genuine Bearish Confirmation Pattern in the chart, and the marketplace is expected to go even more and even more downwards from here. GBP/USD: The Cable television went through some pullback the other day, and that was brilliant sufficient to present a hazard to the currently precarious bullish predisposition. A movement below the accumulation territory at 1.2300 would render the bullish predisposition completely invalid;while a northward movement from here would strengthen the bullish bias. USD/JPY: The USD/JPY has already produced a bearish signal. There is a Bearish VerificationPattern in the chart, and cost has actually gone below the supply level at 113.00, approaching the demand levels at 112.50. 112.00, and 111.50. These are the targets for the next several trading days. EUR/JPY: The EUR/JPY has currently created a bearish signal. There is a Bearish Verification Pattern in the chart, and cost has gone below the supply zone at 121.50, going toward the need zones at 121.00. 120.00, and 119.50. These are the targets for the next numerous trading days. The material has been offered by InstaForex Business- www.instaforex.com

By | February 3, 2017

EUR/USD: The EUR/USD went
upwards this week, going briefly above the resistance line at 1.0800 and then
getting corrected lower. The bearish correction is shallow and should be
fleeting, for the bullish movement would resume again, and price would move
above the resistance line at 1.0800.

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USD/CHF: This is a bear
market and price has been trudging downwards in the last several trading days.
The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50.
This points to a real Bearish Confirmation Pattern in the chart, and the market
is expected to go further and further downwards from here.

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GBP/USD: The Cable underwent
some pullback yesterday, and that was vivid enough to pose a threat to the
already precarious bullish bias. A movement below the accumulation territory at
1.2300 would render the bullish bias completely invalid; while a northward movement
from here would reinforce the bullish bias.

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USD/JPY: The USD/JPY has
already generated a bearish signal. There is a Bearish Confirmation Pattern in
the chart, and price has gone below the supply level at 113.00, going toward the demand levels at 112.50. 112.00, and 111.50. These are the targets for the
next several trading days.

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EUR/JPY: The EUR/JPY has
already generated a bearish signal. There is a Bearish Confirmation Pattern in
the chart, and price has gone below the supply zone at 121.50, going toward the demand zones at 121.00. 120.00, and 119.50. These are the targets for the
next several trading days.

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

Jonathon Alexander

Technical analysis of EUR/USD for Feb 03, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as Retail Sales m/m, Italian Prelim CPI m/m, Final Solutions PMI, German Final Providers PMI, French Final Services PMI, Italian Providers PMI, and Spanish Providers PMI. The United States will release the financial data, too, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Solutions PMI, Joblessness Rate, Non-Farm Work Change,and Average Hourly Profitsm/m, so, amid the reports, EUR/USD will move in a medium to high volatility throughout this day.TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.0813.Strong Resistance:1.0806.Initial Resistance: 1.0796. Inner Sell Area: 1.0786.Target Inner Location: 1.0761. Inner Buy Location: 1.0736.Original Assistance: 1.0726. Strong Assistance: 1.0716. Breakout OFFER Level: 1.0709. Disclaimer: Trading Forex( foreign exchange )on margin brings a high level of danger, and may not be suitable for all investors. The high degree of take advantage of can work against you as well as for you. Before deciding to invest in foreign exchange you need to thoroughly consider your investment objectives, level of experience, and risk cravings. The possibility exists that you might sustain a loss of some or all of your initial financial investment and for that reason you need to not invest money that you can not pay for to lose. You should be aware of all the dangers related to foreign exchange trading, and seek advice from an independent financial consultant if you have any doubts.The product has actually been provided by InstaForex Company-www.instaforex.com

By | February 3, 2017

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When the European market opens, some Economic Data will be released, such as Retail Sales m/m, Italian Prelim CPI m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the economic data, too, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.0813.

Strong Resistance:1.0806.

Original Resistance: 1.0796.

Inner Sell Area: 1.0786.

Target Inner Area: 1.0761.

Inner Buy Area: 1.0736.

Original Support: 1.0726.

Strong Support: 1.0716.

Breakout SELL Level: 1.0709.

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

Technical analysis of USD/JPY for Feb 03, 2017 888011000 110888 In Asia, Japan today will not launch any Economic Data, however the United States will launch some Economic Data, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Incomes m/m. So, there is a probability the USD/JPY will move with medium to high volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.41.Resistance. 2: 113.19. Resistance. 1: 112.97. Support. 1: 112.71. Support. 2: 112.48. Support. 3: 112.26. Disclaimer: Trading Forex( foreign exchange) on margin brings a high level of threat, and may not appropriate for all investors. The high degree of take advantage of can work versus you along with for you. Before deciding to invest in foreign exchange you should thoroughly consider your financial investment goals, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your preliminary financial investment and for that reason you ought to not invest money that you can not pay for to lose. You must understand all the threats related to forex trading, and consult from an independent monetary consultant if you have any doubts.The material has been offered by InstaForex Business-www.instaforex.com

By | February 3, 2017

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In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a probability the USD/JPY will move with medium to high volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 113.41.

Resistance. 2: 113.19.

Resistance. 1: 112.97.

Support. 1: 112.71.

Support. 2: 112.48.

Support. 3: 112.26.

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