NZD/USD revenue target practically reached, stay bearish

By | December 1, 2016

Price has actually dropped completely towards our profit target from yesterday. We stay bearish planning to offer on strength below 0.7137 resistance (Fibonacci retracement, pullback resistance) for a further drop to 0.7032.

RSI (34) stays below descending bearish resistance.Sell listed below 0.7137

. Stop loss at 0.7197. Take profit at 0.7032.

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

Jonathon Alexander

EUR/USD approaching significant assistance, prepare to purchase

By | December 1, 2016

Cost is approaching significant assistance at 1.0543(Fibonacci forecast, horizontal swing low assistance)where we expect a bounce from for an increase towards a minimum of 1.0620 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing significant assistance at 8.3%.

Buy above 1.0543. Stop loss at 1.0517. Take profit at 1.0620.

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

Jonathon Alexander

XAU/USD above major support, stay bullish

By | December 1, 2016

Cost is right above major assistance at 1170.96 (Fibonacci projection, horizontal swing low support)where we anticipate a bounce from to 1,180.83 (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing significant assistance at 8% too.Buy above 1,170.96. Stop loss at 1166.51. Take profit at 1,180.83.

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

Jonathon Alexander

AUD/USD dropping perfectly from our offering area, stay bearish

By | December 1, 2016

Price dropped absolutely completely from our offering location the other day and is close to our revenue target. We remain bearish wanting to sell on strength listed below 0.7436 resistance(Fibonacci retracement, horizontal pullback resistance) for an additional push down to 0.7317.

Stochastic (21,5,3) is below descending resistance and sees excellent disadvantage potential.Sell below 0.7436. Stop loss at 0.7504. Take profit at 0.7317. The product has been provided by InstaForex Company –
www.instaforex.com

Jonathon Alexander

Brazil Manufacturing Activity Continues To Decrease

By | December 1, 2016

Brazilian factory sector continued to shrink greatly in November as production, brand-new orders and work extended decreases, survey arise from IHS Markit revealed Thursday.

The Markit Brazil Production Purchasing Managers’ Index dropped to 46.2 from 46.3 in October. A reading listed below 50 suggests degeneration in activity.

Production and new orders dropped for twenty-second straight month in the middle of bleak demand from both domestic and external customers.

Payroll numbers decreased for the twenty-first succeeding month and at a sharp rate, albeit the weakest because March.

Input rate inflation reached a three-month high, generally due to currency weak point, while factory-gate inflation softened to the second-slowest in the existing 26-month sequence of boosts.

“The contraction in Brazilian production output now extends to nearly 2 years, and there was little, if any, from the November’s PMI study to suggest an impending upturn remains in sight,” IHS Markit economic expert Pollyanna De Lima said.

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

Jonathon Alexander

Swiss Retail Sales Fall Less Than Projection

By | December 1, 2016

Swiss retail sector turnover decreased less than expected in October, information from the Federal Statistical Office revealed Thursday.

Retail turnover dropped 0.5 percent in October from prior year, much smaller sized than the expected 2.2 percent decrease.

On a regular monthly basis, retail sales development accelerated to 1.2 percent in October from 0.3 percent in September.

In small terms, retail turnover fell 0.9 percent in October from previous year, while sales rose 1.3 percent from previous month.

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

Jonathon Alexander

EUR/NZD analysis for December 01, 2016 888011000 110888 Recently, EUR/NZD has actually been moving upwards. As I expected, the cost tested the level of 1.5006 in a high volume. Utilizing the marketplace profile chart on 30M time frame, I discovered that purchasers remain in control today on the marketplace. The price is trading above the other day’s high, which readies sign for further upwrad motion. Expect possible purchasing chances on the dips. I placed Fibonacci growth to discover potential upward targets. I got Fibonacci expansion 61.8 %at the price of 1.5020 and Fibonacci growth 100% at the price of 1.5075. Fibonacci Pivot Points: Resistance levels R1: 1.4975 R2: 1.5005 R3: 1.5060 Assistance levels: S1: 1.4870 S2: 1.4835 S3: 1.4780 Trading recommendations for today: watch for a possible upward movement.The product has been offered by InstaForex Business- www.instaforex.com

By | December 1, 2016

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Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5006 in a high volume. Using the market profile chart on 30M time frame, I found that buyers are in control today on the market. The price is trading above yesterday’s high, which is good sign for further upwrad movement. Watch for potential buying opportunities on the dips. I placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 61.8% at the price of 1.5020 and Fibonacci expansion 100% at the price of 1.5075.

Fibonacci Pivot Points:

Resistance levels

R1: 1.4975

R2: 1.5005

R3: 1.5060

Support levels:

S1: 1.4870

S2: 1.4835

S3: 1.4780

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

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

Jonathon Alexander

Technical analysis of USD/CAD for December 1, 2016 888011000 110888 General overview for 01/12/2016:The bottom for the wave c (green) may be currently in place and that would suggest the wave (a) (blue) has been completed. The low of this wave at the level of 1.3355 will now serve as an intraday support, so if the count is right, the market must now move higher towards the golden pattern line resistance around the level of 1.3500. As a possible wave (b) is in progress, the structure here might get intricate and lengthy.Support/Resistance:1.3588 – Regional High1.3583 – WR11.3464 – Intraday Resistance1.3482 – Weekly Pivot1.3429 – WS11.3355 – Intraday Assistance1.3323 – WS2Trading suggestions:As the restorative cycle is still unfolding, daytraders ought to open just offer orders around the level of 1.3482 as there is incomplete wave progression to the drawback. The very first TP should be set at the level of 1.3233. The product has actually been suppliedby InstaForex Company – www.instaforex.com

By | December 1, 2016

General overview for 01/12/2016:

The bottom for the wave c (green) might be already in place and that would mean the wave (a) (blue) has been completed as well. The low of this wave at the level of 1.3355 will now act as an intraday support, so if the count is correct, the market should now move higher towards the golden trend line resistance around the level of 1.3500. As a possible wave (b) is in progress, the structure here might get complex and time-consuming.

Support/Resistance:

1.3588 – Local High

1.3583 – WR1

1.3464 – Intraday Resistance

1.3482 – Weekly Pivot

1.3429 – WS1

1.3355 – 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. The first TP should be set at the level of 1.3233.

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

Jonathon Alexander