Ichimoku indicator analysis of USDX for June 16, 2017 888011000 110888 The Dollar index bounced strongly towards short-term resistance at 97.50. This is essential resistance and rate has actually stopped the rise. Bulls have to break above 97.50 in order for our bounce target of 99 to be accomplished. 96.50 is now extremely vital assistance. If lost, we are most probably going near 94-95. Red line- resistance Blue line -support The Dollar index is mainly moving sideways for the last couple of weeks. Price is at important short-term resistance. Cost is above the Kumo(bullish)but the Kumo is extremely thin(weak or bearish assistance). Blue lines -bearish channel Red line -short-term resistance The Dollar index is bouncing hard off the lower channel limit. The 14th June everyday candle light is a reversal everyday candle and as previously mentioned, I expect the Dollar index to move towards the Daily Kumo resistance at 98.50-99. This is not the time to be bearish the Dollar as long as cost is above 96.50. The product has actually been provided by InstaForex Company-www.instaforex.com

By | June 16, 2017

The Dollar index bounced strongly towards short-term resistance at 97.50. This is important resistance and price has stopped the rise. Bulls need to break above 97.50 in order for our bounce target of 99 to be achieved. 96.50 is now very critical support. If lost, we are most probably going near 94-95.

analytics594382092067e.png

Red line – resistance

Blue line – support

The Dollar index is mainly moving sideways for the last few weeks. Price is at important short-term resistance. Price is above the Kumo (bullish) but the Kumo is very thin (bearish or weak support).

analytics59438268600a7.png

Blue lines – bearish channel

Red line -short-term resistance

The Dollar index is bouncing hard off the lower channel boundary. The 14th June daily candle is a reversal daily candle and as previously mentioned, I expect the Dollar index to move towards the Daily Kumo resistance at 98.50-99. This is not the time to be bearish the Dollar as long as price is above 96.50.

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

Jonathon Alexander

Ichimoku indicator analysis of gold for June 16, 2017 888011000 110888 Gold rate has actually reached the $1,250 location as we expected from $1,280 and higher. Trend is bearish. I believe that Gold weakness will continue and we may see even below $1,245 where crucial support is discovered. Gold bears must be mindful as the time for a bullish turnaround is approaching. Gold cost is trading listed below both the tenkan -and kijun-sen. There are some bullish divergence check in the short-term. Rate is listed below the 38%Fibonacci retracement.Price is expected to reach the 61.8%Fibonacci retracement to $1,245. This is now the time to cover and take profits from any Gold brief position. Black line-long-lasting resistance pattern line Red line-trend line assistance Blue line -long-term support pattern line Gold cost is approaching the red trend line support after being declined at the black long-lasting pattern line resistance. Rate is above the weekly cloud. A bounce off the weekly Kumo at$1,245 will be an extremely bullish sign. As I have been stating last week, Gold was not prepared for a huge breakout. I think the time for a big breakout has actually come closer and I remain longer-term bullish.The product has actually been offered by InstaForex Business-www.instaforex.com

By | June 16, 2017

Gold price has reached the $1,250 area as we expected from $1,280 and higher. Trend is bearish. I believe that Gold weakness will continue and we might see even below $1,245 where important support is found. However Gold bears should be cautious as the time for a bullish reversal is approaching.

analytics5943810089beb.png

Gold price is trading below both the tenkan- and kijun-sen. There are some bullish divergence signs in the short-term. Price is below the 38% Fibonacci retracement. Price is expected to reach the 61.8% Fibonacci retracement towards $1,245. This is now the time to cover and take profits from any Gold short position.

analytics5943814c1b73f.jpg

Black line – long-term resistance trend line

Red line – trend line support

Blue line – long-term support trend line

Gold price is approaching the red trend line support after being rejected at the black long-term trend line resistance. Price is above the weekly cloud. A bounce off the weekly Kumo at $1,245 will be a very bullish sign. As I have been saying last week, Gold was not ready for a big breakout. I believe the time for a big breakout has come closer and I remain longer-term bullish.

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for June 16, 2017 888011000 110888 Wave summary: Our favored count remains that a low most likely was seen with the test of 1.5370 and wave iii/ higher is prepared to develop. That stated, we require a break above the resistance line near 1.5532 to verify that wave ii/ has actually finished and wave iii/ greater to above 1.6237 is developing. Up until the break above the resistance-line near 1.5532 isseen, we should enable a retestof the 1.5370 low andeven a spikebelow, however that should be short lived. R3: 1.5564 R2:1.5517 R1: 1.5480 Pivot: 1.5460 S1: 1.5453 S2: 1.5424 S3. 1.5370 Trading recommendation: We are long EUR from 1.5540 with stop positioned at 1.5340. Purchase a break above 1.5532 and utilize the same stop if you are not long EUR yet. The product has actually been supplied by InstaForex Company- www.instaforex.com

By | June 16, 2017

analytics5943634e45e0e.png

Wave summary:

Our preferred count remains that a low likely was seen with the test of 1.5370 and wave iii/ higher is ready to develop. That said, we need a break above the resistance line near 1.5532 to confirm that wave ii/ has completed and wave iii/ higher to above 1.6237 is developing.

Until the break above the resistance-line near 1.5532 is seen, we must allow for a retest of the 1.5370 low and even a spike below, but that should be short lived.

R3: 1.5564

R2: 1.5517

R1: 1.5480

Pivot: 1.5460

S1: 1.5453

S2: 1.5424

S3. 1.5370

Trading recommendation:

We are long EUR from 1.5540 with stop placed at 1.5340. If you are not long EUR yet, then buy a break above 1.5532 and use the same stop.

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

Jonathon Alexander

Elliott wave analysis of EUR/JPY for June 16, 2017 888011000 110888 Wave summary: EUR/JPY got assistance at 122.53 for a dip to 122.37. This minor break listed below 122.53 was enough to change the restorative pattern unfolding from 125.82. Instead of a triangle combination, the restorative pattern has actually developed into a flat correction with wave B complete with the test of 122.37 and wave C greater to a minimum of 133.34 nowdeveloping. Short-term, we will likely seeresistancenear 124.05holding fora minor set-back to 123.00 before strongly higher. R3: 124.71 R2: 124.40 R1: 124.05 Pivot: 123.75 S1: 123.50 S2: 123.19 S3: 123.00 Trading recommendation : Our stop at 122.45 was hit for a loss of 50 pips. We will purchase EUR once again at 123.25 or upon a break above 124.50. The product has been offered by InstaForex Business-www.instaforex.com

By | June 16, 2017

analytics5943619eba226.png

Wave summary:

EUR/JPY took out support at 122.53 for a dip to 122.37. This minor break below 122.53 was enough to change the corrective pattern unfolding from 125.82. Instead of a triangle consolidation, the corrective pattern has turned into a flat correction with wave B complete with the test of 122.37 and wave C higher towards at least 133.34 now developing.

Short-term, we will likely see resistance near 124.05 holding for a minor set-back to 123.00 before strongly higher.

R3: 124.71

R2: 124.40

R1: 124.05

Pivot: 123.75

S1: 123.50

S2: 123.19

S3: 123.00

Trading recommendation:

Our stop at 122.45 was hit for a loss of 50 pips. We will buy EUR again at 123.25 or upon a break above 124.50.

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

Jonathon Alexander

Technical analysis of EUR/USD for June 16, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as ECOFIN Meetings, Final Core CPI y/y, Final Core CPI y/y, Last CPI y/y, and Italian Trade Balance. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations, Labor Market Conditions Index m/m, Prelim UoM Consumer Sentiment, Real estate Begins, and Building Permits, so, in the middle of thereports, EUR/USD will move in a low to medium volatilitythroughout this day.TODAY’S TECHNICAL LEVEL:Breakout BUY Level: 1.1200.Strong Resistance:1.1194. Initial Resistance: 1.1184. Inner Offer Area: 1.1174.Target Inner Area: 1.1151.Inner Buy Area: 1.1127. Initial Support: 1.1117. Strong Assistance: 1.1107. Breakout OFFER Level: 1.1101. Disclaimer: Trading Forex(foreign exchange)on margin carries a high level of threat, and might not appropriate for all financiers. The high degree of take advantage of can work versus you along with for you. Before deciding to invest in forex you ought to carefully consider your investment objectives, level of experience, and danger cravings. The possibility exists that you might sustain a loss of some or all your initial financial investment and for that reason you need to not invest loan that you can not manage to lose. You ought to be aware of all the dangers related to forex trading, and consult from an independent monetary consultant if you have any doubts.The material has been offered by InstaForex Company-www.instaforex.com

By | June 16, 2017

EURUSD.jpg

When the European market opens, some Economic Data will be released, such as ECOFIN Meetings, Final Core CPI y/y, Final Core CPI y/y, Final CPI y/y, and Italian Trade Balance. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations, Labor Market Conditions Index m/m, Prelim UoM Consumer Sentiment, Housing Starts, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.1200.

Strong Resistance:1.1194.

Original Resistance: 1.1184.

Inner Sell Area: 1.1174.

Target Inner Area: 1.1151.

Inner Buy Area: 1.1127.

Original Support: 1.1117.

Strong Support: 1.1107.

Breakout SELL Level: 1.1101.

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

Everyday analysis of significant pairs for June 16, 2017 888011000 110888 EUR/USD: There is a bearish signal on the EUR/USD. Cost has gone even more downwards and it is below the resistance line at 1.1200, now really near to the assistance line at 1.1150. The support line is expected to be breached to the downside as cost goes towards another target at 1.1100. USD/CHF: There is a” purchase”. signal on this set. The EMA 11 is above the EMA 56, and the Williams’ % Variety. duration 20 is in the overbought region. This means that cost is anticipated to. continue going upwards, reaching the resistance line at 0.9750( a simple. target), then the resistance lines at 0.9800 and 0.9850. GBP/USD: The Cable television has been making some effort to go upwards, though things stay bearish. Irrespective of the rally in the market, the predisposition would not really go bullish tillthe circulation areas at 1.3000 are breached to the upside, which is something that requires a serious buying pressure. USD/JPY: A short-term bullish signal has actually been produced on the USD/JPY pair, leadingto a beautiful Bullish Verification Pattern in the market. Purchase all indicator, the cost is supposed to continue going upwards, by at least 200 pips. That does not revoke a possibility of a pullback, according to the bearish outlook on JPY pairs in June. EUR/JPY: There are conflicting. signalson this cross: The EMAs are yet to provide any directional signal while. the RSI duration 14 has already generated a bullish signal. It is better to wait. for a directional signal to occur prior to one takes a position. That is expected. to happen within the next numerous trading days. The material has been offered by InstaForex Business- www.instaforex.com

By | June 16, 2017

EUR/USD: There is a bearish
signal on the EUR/USD. Price has gone further downwards and it is below the
resistance line at 1.1200, now very close to the support line at 1.1150. The
support line is expected to be breached to the downside as price goes towards
another target at 1.1100.

1.png

USD/CHF: There is a “buy”
signal on this pair. The EMA 11 is above the EMA 56, and the Williams’ % Range
period 20 is in the overbought region. This means that price is expected to
continue going upwards, reaching the resistance line at 0.9750 (an easy
target), and then the resistance lines at 0.9800 and 0.9850.

2.png

GBP/USD: The Cable has been making some effort to go upwards, though things remain bearish. Irrespective of the rally in the market, the bias would not really go bullish until the distribution territories at 1.3000 are breached to the upside, and that is something that requires a serious buying pressure.

3.png

USD/JPY: A short-term bullish signal has been generated on the USD/JPY pair, leading to a pristine Bullish Confirmation Pattern in the market. Buy all indication, the price is supposed to continue going upwards, by at least 200 pips. However, that does not invalidate a possibility of a pullback, according to the bearish outlook on JPY pairs in June.

4.png

EUR/JPY: There are conflicting
signals on this cross: The EMAs are yet to give any directional signal while
the RSI period 14 has already generated a bullish signal. It is better to wait
for a directional signal to occur before one takes a position. That is expected
to happen within the next several trading days.

5.png

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

Jonathon Alexander

Daily analysis of USDX for June 16, 2017 888011000 110888 USDX posted strong gains throughout Thursday’s session, consolidating its rate action above the 200 SMA at H1 chart. The next difficulty to test is located around 97.75, which is a crucial supply area for sellers. To the disadvantage, we can discover some strong supports at the 96.95 and 96.70 levels; the last one is possible to create some selling pressure once it’s broken. H1 chart ‘s resistance levels: 97.41/ 97.75 H1 chart’s assistance levels: 96.95/ 96.70 Trading recommendations for today: Based upon the H1 chart, location buy( long). orders just if the USD Index. breaks with. a bullish.candlestick;. the resistance. level is at. 97.41,. take earnings is at. 97.75. and stop loss is at 97.07. The product has actually been supplied by InstaForex Company- www.instaforex.com

By | June 15, 2017

USDX posted strong gains during Thursday’s session, consolidating
its price action above the 200 SMA at H1 chart. The next hurdle to
test is located around 97.75, which is a key supply area for sellers.
To the downside, we can find some solid supports at the 96.95 and
96.70 levels; the last one is possible to generate some selling
pressure once it’s broken.

USDXH1.png

H1 chart’s resistance
levels: 97.41 / 97.75

H1 chart’s support levels: 96.95
/ 96.70

Trading recommendations for today:
Based on the H1 chart, place
buy
(long)
orders only if the USD Index
breaks with
a bullish
candlestick;
the resistance
level is at
97.41,
take profit is at
97.75
and stop loss is at 97.07.

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

Jonathon Alexander