NZD/USD intraday technical levels and trading suggestions for March 24, 2017 888011000 110888 The NZD/USD pair was trapped within the illustrated cost range(0.6860-0.6990)till a bullish breakout occurred.A bullish breakoutabove 0.6960-0.7000 permitted the pair to head towards the rate level of 0.7100(the essential level )which failed to offer sufficient bearish pressure on the pair.Bullish determination above 0.7100 enabled even more advance towards 0.7250-0.7350(Sell-Zone) where the bearish rate action was expected.Bearish perseverance listed below 0.7250 enabled further decrease toward 0.7100 then 0.6960 which cannot provide adequate assistance for the pair.That is why further bearish fall was expected toward 0.6860( the lower limitationof the depicted BUY zone) where a bullish position was suggested in previous articles.This week, the bullish breakout above the illustrated key level(0.6960)was attained. That is why any bearish pullback towards0.6960 must be expected bullish rejection and a possible BUY entry.On the other hand, the price level of 0.7100 remains a considerable essential level to be looked for bearish rate action if the existing bullish pullback persists above 0.7040. The product has actually been provided by InstaForex Company-www.instaforex.com

By | March 24, 2017

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

A bullish breakout above 0.6960-0.7000 allowed the pair to head toward the price level of 0.7100 (the key level) which failed to provide sufficient bearish pressure on the pair.

Bullish persistence above 0.7100 allowed further advance toward 0.7250-0.7350 (Sell-Zone) where the bearish price action was expected.

Bearish persistence below 0.7250 allowed further decline toward 0.7100 then 0.6960 which failed to provide enough support for the pair.

That is why further bearish fall was expected toward 0.6860 (the lower limit of the depicted BUY zone) where a bullish position was suggested in previous articles.

This week, the bullish breakout above the depicted key level (0.6960) was achieved. That is why any bearish pullback toward 0.6960 should be watched for bullish rejection and a possible BUY entry.

On the other hand, the price level of 0.7100 remains a significant key level to be watched for bearish price action if the current bullish pullback persists above 0.7040.

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

Jonathon Alexander

USD/JPY analysis for March 24, 2017 888011000 110888 Recently, the USD/JPY pair has been trading sideways at the cost of 111.10. According to the 1H timespan, I discovered powerlessness from the buyers to move USD/JPY higher, which is a sign of weakness. The USD/JPY remains in brief– term bearish trend.My suggestions is to viewfor selling opportunities. Targets are set at the priceof 110.70 and 110.00. Resistance levels: R1: 111.40 R2: 111.65 R3: 112.00 Assistance levels: S1: 110.70 S2: 110.50 S3: 110.10 Trading recommendations for today: watch for possible selling opportunities.The product has been provided by InstaForex Business-www.instaforex.com

By | March 24, 2017

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Recently, the USD/JPY pair has been trading sideways at the price of 111.10. According to the 1H time frame, I found powerlessness from the buyers to move USD/JPY higher, which is a sign of weakness. The USD/JPY is in short – term bearish trend. My advice is to watch for selling opportunities. Targets are set at the price of 110.70 and 110.00.

Resistance levels:

R1: 111.40

R2: 111.65

R3: 112.00

Support levels:

S1: 110.70

S2: 110.50

S3: 110.10

Trading recommendations for today: watch for potential selling opportunities.

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

Jonathon Alexander

EUR/USD analysis for March 24, 2017 888011000 110888 Just recently, the EUR/USD pair has been trading upwards. The rate checked the level 1.0821. According to the 1H amount of time, I found broken falling wedge and upward cycle. My guidance is to watch for potential buying chances. There is also an upward channel, which is holding successfully. Targets are set at the rate of1.0820, 1.0900,and 1.0950. Resistance levels: R1: 1.0800 R2: 1.0810 R3: 1.0820 Assistance levels: S1: 1.0770 S2: 1.0760 S3: 1.0750 Trading recommendations for today: watch for possible buying opportunities.The material has actually been provided by InstaForex Company-www.instaforex.com

By | March 24, 2017

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Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0821. According to the 1H time frame, I found broken falling wedge and upward cycle. My advice is to watch for potential buying opportunities. There is also an upward channel, which is holding successfully. Targets are set at the price of 1.0820, 1.0900, and 1.0950.

Resistance levels:

R1: 1.0800

R2: 1.0810

R3: 1.0820

Support levels:

S1: 1.0770

S2: 1.0760

S3: 1.0750

Trading recommendations for today: watch for potential buying opportunities.

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

Jonathon Alexander

Technical analysis of NZD/USD for March 24, 2017 888011000 110888 Summary: The NZD/USD set is still walking around the area of 0.7075. Since it represents the weekly resistance 1, the pair has actually already formed small resistance at 0.7004 and the strong resistance is seen at the level of 0.7075. Significant resistance is seen at 0.7004, while immediate assistance is found at 0.6889. The NZD/USD pair might resume its motion to 0.6850 to evaluate the everyday support 2 if the set closes listed below the rate of 0.6889. The NZD/USD pair to move in between the levels of 0.7004 and 0.6850. The RSI is still calling for a strong bearish market. The present price is also below the moving typical 100. As a result, offer below the double top of 0.7004 with targets at 0.6869 and 0.6850. On the other hand, stop loss should constantly be considered;appropriately, it will be usefulto set the stop loss above the last bullish wave at the level of 0.7075. Daily essential levels: Major resistance: 0.7132 Small resistance 2: 0.7075 Small resistance 1: 0.7004 Intraday pivot point: 0.6946 Minor assistance: 0.6889Major assistance 1: 0.6850 Major assistance 2: 0.6800 The material has been offered by InstaForex Business-www.instaforex.com

By | March 24, 2017

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Overview:

  • The NZD/USD pair is still moving around the area of 0.7075. The pair has already formed minor resistance at 0.7004 and the strong resistance is seen at the level of 0.7075 because it represents the weekly resistance 1. So, major resistance is seen at 0.7004, while immediate support is found at 0.6889. If the pair closes below the price of 0.6889, the NZD/USD pair may resume its movement to 0.6850 to test the daily support 2.
    The NZD/USD pair to move between the levels of 0.7004 and 0.6850. The RSI is still calling for a strong bearish market. The current price is also below the moving average 100. As a result, sell below the double top of 0.7004 with targets at 0.6869 and 0.6850. On the other hand, stop loss should always be taken into account; accordingly, it will be useful to set the stop loss above the last bullish wave at the level of 0.7075.

Daily key levels:

  • Major resistance: 0.7132
  • Minor resistance 2: 0.7075
  • Minor resistance 1: 0.7004
  • Intraday pivot point: 0.6946
  • Minor support: 0.6889
  • Major support 1: 0.6850
  • Major support 2: 0.6800

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

Jonathon Alexander

Technical analysis of USD/CHF for March 24, 2017 888011000 110888 Summary: The USD/CHF set faced resistance at the level of 0.9991, while minor resistance is seen at 0.9949. Assistance is discovered at the levels of 0.9915 and 0.9891. It should be kept in mind that a daily pivot point has actually already seen at the level of 0.9949. The USD/CHF pair is still moving around the key level at 0.9949, which represents a day-to-day pivot on the H1 chart at the moment. The USD/CHF set continued to move down from the level of 0.9991. The pair fell from the level of 0.9991 to the bottom around 0.9881. Currently, the cost is seen at 0.9925. In consequence, the USD/CHF set could not break resistance (0.9949 ). The level of 0.9949 is anticipated to act as minor resistance today. We anticipate the USD/CHF set to continue relocating the bearish pattern from the resistance level of 0.9949 to the target level of 0.9881. If the pair is successful in going through the level of 0.9881, the marketplace will show the bearish opportunity listed below the level of 0.9881 in order to reach the 2nd target at 0.9850. The material has actually been offered by InstaForex Company-www.instaforex.com

By | March 24, 2017

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Overview:

  • The USD/CHF pair faced resistance at the level of 0.9991, while minor resistance is seen at 0.9949. Support is found at the levels of 0.9915 and 0.9891.
  • Also, it should be noted that a daily pivot point has already seen at the level of 0.9949.
  • The USD/CHF pair is still moving around the key level at 0.9949, which represents a daily pivot on the H1 chart at the moment.
  • The USD/CHF pair continued to move downwards from the level of 0.9991. The pair fell from the level of 0.9991 to the bottom around 0.9881.
  • Currently, the price is seen at 0.9925. In consequence, the USD/CHF pair couldn’t break resistance (0.9949).
  • So, the level of 0.9949 is expected to act as minor resistance today.
  • We expect the USD/CHF pair to continue moving in the bearish trend from the resistance level of 0.9949 towards the target level of 0.9881.
  • If the pair succeeds in passing through the level of 0.9881, the market will indicate the bearish opportunity below the level of 0.9881 in order to reach the second target at 0.9850.

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

Jonathon Alexander

Global macro summary for 24/03/2017

By | March 24, 2017

International macro introduction for 24/03/2017: The PMI Production data from Japan was worse than anticipated. The PMI Index reduced from 53.5 points

to 52.6 points, while the marketplace participants expected just a tick down to 53.3 points. It was the lowest reading in three months, but still any PMI above 50 signals growth in financial activity, whereas a reading listed below that level signals contraction. March was the seventh consecutive month manufacturing activity broadened, nevertheless, output, brand-new orders, and new export orders increased at a slower rate in March. Future expectations remained positive, although optimism was more controlled than in previous months.Let’s now take a look at the USD/JPY technical image at the H4 timespan. The market is still trading within the technical support zone between the levels of 110.62-111.30 and if the bull camp will not handle to break out above it, then the 50 %Fibo at the level of 109.92 will be checked. The oversold trading conditions and positive divergence assist the bullish case, however so far all attempts to break out greater led to a failure. The material has been supplied by InstaForex Company -www.instaforex.com

Jonathon Alexander

EUR/GBP essential analysis for March 24, 2017 888011000 110888 After retesting the 0.8760 resistance location the rate has drastically fell towards 0.86. Today was an important day for EUR having French and German Manufacturing PMI where both posted positive result of 53.4 and 58.3, which was much better than the projection made for the events. Today Flash Production PMI also launched with positive outcome at 56.2 which was anticipated to be at 55.3 and Flash services PMI at 56.5 which was anticipated to be at 55.4. Observing all the essential occasions today, a more powerful EUR gain can be sensed in the coming future versus all the currency sets including GBP. Today GBP has BBA Home loan Approvals report where previously it was at 44.7 k and today it is expected to be at 44.9 k. Having all these events aside, presently there is absolutely nothing to do in this mid-range market rather than waiting for the time for any approaching financial events to show greater possibilities on each side.Now let ustake a look at the technical view, the rate is currently showing some bullish existence after bouncing off from 0.86 and if the cost breaks listed below the 0.86 level with a day-to-day close we will be looking forward to sell with a target towards 0.8420. On the other hand, if the bullish pressure continues, we will be anticipating the price to go towards the resistance 0.8760. A day-to-day close today will enclose the mystery for upcoming relocations in the next week in this set. The material has actually been supplied by InstaForex Company- www.instaforex.com

By | March 24, 2017

After retesting the 0.8760 resistance area the price has drastically fell towards 0.86. Today was an important day for EUR having French and German Manufacturing PMI where both posted positive result of 53.4 and 58.3, which was better than the forecast made for the events. Today Flash Manufacturing PMI also released with positive result at 56.2 which was expected to be at 55.3 and Flash services PMI at 56.5 which was expected to be at 55.4. Observing all the fundamental events today, a stronger EUR gain can be sensed in the coming future against all the currency pairs including GBP. Today GBP has BBA Mortgage Approvals report where previously it was at 44.7k and today it is expected to be at 44.9k. Having all these events aside, currently there is nothing to do in this mid-range market rather than waiting for the time for any upcoming economic events to show greater possibilities on each side.

Now let us look at the technical view, the price is currently showing some bullish presence after bouncing off from 0.86 and if the price breaks below the 0.86 level with a daily close we will be looking forward to sell with a target towards 0.8420. On the other hand, if the bullish pressure continues, we will be expecting the price to go towards the resistance 0.8760. A daily close today will enclose the mystery for upcoming moves in the next week in this pair.

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

Jonathon Alexander

EUR/USD fundamental analysis for March 24, 2017 888011000 110888 EUR/USD has been in a non-volatile up pattern considering that the bounce from 1.0550 assistance level. Presently the rate is fixing below the resistance of 1.0800. Today is rather a positive day for EUR having French Flash Production PMI at 53.4 which was anticipated to be at 52.4, French Flash Providers report at 58.5 which was anticipated to be at 56.2, German Flash Production PMI at 58.3 which was expected to be at 56.6 and the German Flash Providers report was positive with 55.6 which was anticipated to be at 54.5. General EUR is quite strong fundamentally today against all other currencies today. On the other hand, USD Core Long lasting goods orders report is going to be published today which previously was at 0.0% however today it is anticipated to see an increase of 0.5%. Throughout the USD event, the market is expected to show some volatility and USD may act stronger than EUR for the time being.Now let us take a look at the technical view, the cost has reached the resistance at 1.08 and has actually already been remedying and declining off the level. The set is likewise going under a Negative Divergence Module, where the MACD is showing downward motion and price is going upwards. Any bullish rejection off the level and a daily close listed below 1.08 will open the gates for the sellers to put pressure in the market and push the price lower towards 1.0640-50 assistance area. The product has actually been offered by InstaForex Business-www.instaforex.com

By | March 24, 2017

EUR/USD has been in a non-volatile up trend since the bounce from 1.0550 support level. Currently the price is correcting below the resistance of 1.0800. Today is quite a positive day for EUR having French Flash Manufacturing PMI at 53.4 which was expected to be at 52.4, French Flash Services report at 58.5 which was expected to be at 56.2, German Flash Manufacturing PMI at 58.3 which was expected to be at 56.6 and the German Flash Services report was positive with 55.6 which was expected to be at 54.5. Overall EUR is quite strong fundamentally today against all other currencies today. On the other hand, USD Core Durable goods orders report is going to be published today which previously was at 0.0% but today it is expected to see a rise of 0.5%. During the USD event, the market is expected to show some volatility and USD may act stronger than EUR for the time being.

Now let us look at the technical view, the price has reached the resistance at 1.08 and has already been rejecting and correcting off the level. The pair is also going under a Negative Divergence Module, where the MACD is showing downward movement and price is going upwards. Any bullish rejection off the level and a daily close below 1.08 will open the gates for the sellers to put pressure in the market and push the price lower towards 1.0640-50 support area.

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

Jonathon Alexander

Trading prepare for 24/03/2017

By | March 24, 2017

Trading plan for 24/03/2017: The marketplace is waiting on the vote on the future of the Obamacare system. In the meantime, the dollar gains back some strength, which is helping to stabilize the 10-year success of more than 2.40 percent. EUR/USD is heading towards 1.0760. The Wall Street has a modest decline, however Asia is controlled by positive sentiment: the Tokyo Stock Exchange closed green. The gold ounce is priced at less than $ 1,250, and the WTI oil barrel is heading toward $48 again.On Friday

24th of March, the occasion calendar is busy with the PMI data release during the European session and then Long lasting Item Orders information from the United States and Customer Rate Index information from Canada. The Obamacare vote in the United States parliament will cast a shadow on market volatility all day.EUR/ USD analysis for 24/03/2017:

The set of the PMI Indices from across the Eurozone are arranged for release at 08:00 am, 08:30 am and 09:00 am (perpetuities GMT). The most crucial is the PMI reading from Germany, the Eurozone’s economic powerhorse. Typically, the marketplace participants do not expect any wear and tear in PMI readings all PMI are anticipated to be launched above 50 points level. In this case, any figures worse than anticipated, especially below 50, will likely make the typical currency to drop like a stone.Let’s now have a look at the EUR/USD technical picture at the H4 timespan. The market still trades below the essential technical resistance at the level of 1.0828 in oversold conditions. This is why the instant bias is bearish and lower costs are expected in this pair today. If the data will be worse than anticipated the technical assistance zone in between the levels of 1.0713 – 1.0726 will be evaluated.

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United States Dollar Index analysis for 24/03/2017: The looming Obamacare vote and the Long lasting Item Orders(scheduled for release at 12:30 pm GMT )might be the key occasions to form the future of the United States Dollar. Seasonally changed Resilient Goods Orders are expected to have actually increased by 1.5% from the previous month. This masks the bothersome reality that the year-on-year modification is close to absolutely no as considering that 2013, Resilient Product Orders have actually mostly oscillated around $230 billion without actually going anywhere. There is a way out of this tight spot, however the President Trump administration need to implement the tax cuts then move toward the facilities financial investment program first.Let’s take

a take a look at the United States Dollar Index technical image at H4 time frame. Considering that the FED rates of interest hike, the market has been decreasing towards the crucial pre-FED bottom at the level of 99.21. The marketplace conditions are oversold and the growing bullish divergence is recommending a restorative rally, however the technical resistance at the level of 100.01 still has not been broken yet. Just a sustained break out above this resistance may trigger the trend modification, otherwise lower levels will be tested.

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USD/CAD analysis for 24/03/2017: The Consumer Cost Index information from Canada, the essential gauge for inflation, is scheduled for release at 12:30 pm GMT and the marketplace individuals expect a decrease from the level of 0.9% to the level of 0.2% on a month-to-month basis. The yearly inflation ought to not be impacted by this reduction and is still anticipated at the level of 2.1%. Since inflation shows a decrease in the purchasing power of the Canadian Dollar, meaning each Dollar purchases less services and goods, any information much better than anticipated will make Canadian Dollar to appreciate more.Let’s now have a look at the USD/CAD technical photo at the H4 amount of time. The bulls have actually managed to press the cost greater towards the gray rectangular shape zone, however the cost is still trading below the rushed black pattern line. If the CPI information will be better than expected, then USD/CAD must dive towards the next technical support at the level of 1.3275. If the CPI data will be even worse than expected (specifically if they will be negative), then USD/CAD should rally above the rushed pattern line to the next technical resistance at the level of 1.3419 and 1.3493.

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

Jonathon Alexander

Technical analysis of USDX for March 24, 2017 888011000 110888 The Dollar index has actually broken out of the downward sloping wedge. The price is revealing turnaround signs. I expect the Dollar index to enhance to 100.80-101 over the next number of sessions. Pattern is bearish as the rate is below the 4-hour cloud. Blue lines-downward sloping wedge The Dollar index is testing the short-term resistance at 100. I expect a bounce tocloud resistanceat 100.80. Assistance is at 99.60. Theprice is very near to long-term support levels so buyers are expected to step in. Blue line -resistance Black line- neckline assistance Green line -long-term assistance trend line Red lines -rate forecast target The Dollar index has actually reached essential weekly assistance simply above 99. , if support breaks listed below the neckline support we should anticipate a move towards the weekly cloud and even lower.. If the cost bounces from the present levels, it should find resistance at the blue pattern line at 101.80. As long as the rate is listed below the blue trend line, the opportunities are in favor of a bearish breakdown. This will be validated on a break below the neck lines at 99.25. The material has been provided by InstaForex Company-www.instaforex.com

By | March 24, 2017

The Dollar index has broken out of the downward sloping wedge. The price is showing reversal signs. I expect the Dollar index to strengthen towards 100.80-101 over the next couple of sessions. Trend is bearish as the price is below the 4-hour cloud.

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Blue lines – downward sloping wedge

The Dollar index is testing the short-term resistance at 100. I expect a bounce towards cloud resistance at 100.80. Support is at 99.60. The price is very close to long-term support levels so buyers are expected to step in.

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Blue line – resistance

Black line – neckline support

Green line – long-term support trend line

Red lines – price projection target

The Dollar index has reached important weekly support just above 99. If support breaks below the neckline support we should expect a move towards the weekly cloud and even lower. If the price bounces from the current levels, it should find resistance at the blue trend line at 101.80. As long as the price is below the blue trend line, the chances are in favor of a bearish breakdown. This will be confirmed on a break below the necklines at 99.25.

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

Jonathon Alexander