Technical analysis of EUR/USD for Mar 15, 2017 888011000 110888 When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction, Work Modification q/q, Italian Retail Sales m/m, and French Final CPI m/m. The US will launch the financial data, too, such as TIC Long-Term Purchases, Federal Funds Rate, FOMC Economic Projections, FOMC Economic Projections, Crude Oil Stocks, NAHB Real estate Market Index, Service Stocks m/m, Empire State Manufacturing Index, Retail Sales m/m,Core Retail Sales m/m, Core CPIm/m, and CPI m/m, so, amid the reports, EUR/USD will relocate a medium to high volatility during this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.0662.Strong Resistance:1.0655.Initial Resistance: 1.0645. Inner Offer Area: 1.0635.Target Inner Location: 1.0610. Inner Buy Location: 1.0585. Original Assistance: 1.0575. Strong Assistance: 1.0565. Breakout OFFER Level: 1.0558. Disclaimer: Trading Forex(foreign exchange)on margin brings a high level of risk, and might not appropriate for all financiers. The high degree of leverage can work against you in addition to for you. Before deciding to invest in forex you must carefully consider your financial investment objectives, level of experience, and threat appetite. The possibility exists that you might sustain a loss of some or all of your initial investment and therefore you should not invest loan that you can not manage to lose. You should understand all the threats related to foreignexchange trading, and seek advice from an independent monetary advisor if you have any doubts.The product has been supplied by InstaForex Business-www.instaforex.com

By | March 15, 2017

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When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction, Employment Change q/q, Italian Retail Sales m/m, and French Final CPI m/m. The US will release the economic data, too, such as TIC Long-Term Purchases, Federal Funds Rate, FOMC Economic Projections, FOMC Economic Projections, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, Core Retail Sales m/m, Core CPI m/m, and CPI 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: 1.0662.

Strong Resistance:1.0655.

Original Resistance: 1.0645.

Inner Sell Area: 1.0635.

Target Inner Area: 1.0610.

Inner Buy Area: 1.0585.

Original Support: 1.0575.

Strong Support: 1.0565.

Breakout SELL Level: 1.0558.

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 Mar 15, 2017 888011000 110888 In Asia, Japan will launch the Modified Industrial Production m/m data, and the United States will launch some Economic Data, such as TIC Long-Term Purchases, Federal Funds Rate, FOMC Economic Projections, FOMC Economic Projections, Crude Oil Stocks, NAHB Real estate Market Index, Business Inventories m/m, Empire State Production Index, Retail Sales m/m,Core Retail Sales m/m, Core CPI m/m, and CPI m/m. There is a probability the USD/JPY will move with medium to high volatility throughout this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 115.36.Resistance. 2: 115.13. Resistance. 1: 114.91. Assistance. 1: 114.64. Support. 2: 114.42. Assistance. 3: 114.19. Disclaimer: Trading Forex(foreign exchange)on margin carries a high level of threat, and may not be suitable for all financiers. The high degree of utilize can work against you in addition to for you. Before deciding to invest in foreign exchange you should thoroughly consider your financial investment goals, level of experience, and danger hunger. The possibility exists that you could sustain a loss of some or all your preliminary investment and for that reason you should not invest money that you can not manage to lose. You need to understand all the risks connected with forex trading, and consult from an independent financial advisor if you have any doubts.The material has been provided by InstaForex Company-www.instaforex.com

By | March 15, 2017

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In Asia, Japan will release the Revised Industrial Production m/m data, and the US will release some Economic Data, such as TIC Long-Term Purchases, Federal Funds Rate, FOMC Economic Projections, FOMC Economic Projections, Crude Oil Inventories, NAHB Housing Market Index, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, Core Retail Sales m/m, Core CPI m/m, and CPI 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: 115.36.

Resistance. 2: 115.13.

Resistance. 1: 114.91.

Support. 1: 114.64.

Support. 2: 114.42.

Support. 3: 114.19.

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

Trading Prepare for EUR/USD and Gold for March 15, 2017 888011000 110888 Technical outlook: The EUR/USD set has dropped around 100 pips lower from 1.0715 levels where shorts were activated. As shown on the 4H timeframe here, it is an excellent strategy to book a minimum of partial profits on the shorts taken earlier as the intraday rally is anticipated today. It might end at 1.0670 levels or inch higher toward 1.0750 levels as depicted on charts above. The wave structure indicates that EUR/USD had actually produced an impulse(5 waves)drop previously, followed by a 3 waves (A-B-C )corrective rally. It is extremely probable that the corrective rally has ended at 1.0715 levels as labelled here or as an alternate count, wave C might end greater toward 1.0750 levels. If wave C unfolds into an ending diagonal, the latter wave count would be especially real. In either case, offering chances are seen at higher levels. Immediate interim resistance is seen at 1.0715 levels, while assistance is at 1.0525 levels respectively.Trading plan: Please stay brief(might take partial revenues)in the meantime, stop at 1.0850, targeting 1.0300 and lower. Please use intrady rallies as chancesto sell more.Gold chart setups: Technical Outlook: Because Gold has actually existed here for the first time, please let’s have a bigger photo on the possible wave count. The 4H chart view indicates that the metal has actually completed 5 waves rally from$1122 (not seen here )through$1264 levels, labeled 1 through 5. A restorative drop A-B-C has actually unfolded as a zigzag pattern. It is quite most likely that wave C has ended at $1195 levels or it could end at$1180 levels, which is also assembling with the Fibonacci 0.618 support as portrayed here. If the above wave count is true, Gold has actually finished waves (1)and(2)as identified here and wave( 3) should resume from present levels pressing prices through$ 1300/75.00 levels in the weeks to come by. Please keep in mind that this trade setup is valid for a medium term view but the entries should set off in the next couple of hours. Immediate support is seen at$1180 levels while resistance is at $1264 levels respectively.Trading strategy: Please purchase current levels(1200/01)partly and staying at 1170/80, stop below 1150 and target 1375 plus.Fundamental outlook.Today’s fundamental event book is full and need to trigger price action greatly on the above 2 instruments. With the Fed all set to raise interest rates, it is anticipated to be a USD bullish day across the board. At the same time please keep in view that Gold doesn’t necessarily trade counter USD and specific chart setups are also important.Watch out for USD Consumer cost index(Feb)and Advance retail sales at 08:30 am est, followed by the FOMC Rate decision at 02:00 pm est and Fed Chair Yellen conference at 02:30 pm est respectively.Good luck!The product has actually been supplied by InstaForex Company- www.instaforex.com

By | March 15, 2017

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Technical outlook:

The EUR/USD pair has dropped around 100 pips lower from 1.0715 levels where shorts were triggered. As indicated on the 4H timeframe here, it is a good strategy to book at least partial profits on the shorts taken earlier as the intraday rally is expected today. It could terminate at 1.0670 levels or inch higher toward 1.0750 levels as depicted on charts above. The wave structure indicates that EUR/USD had produced an impulse (5 waves) drop earlier, followed by a 3 waves (A-B-C) corrective rally. It is highly probable that the corrective rally has terminated at 1.0715 levels as labelled here or as an alternate count, wave C could terminate higher toward 1.0750 levels. The latter wave count would be particularly true if wave C unfolds into an ending diagonal. In either case, selling opportunities are seen at higher levels. Immediate interim resistance is seen at 1.0715 levels, while support is at 1.0525 levels respectively.

Trading plan:

Please remain short (might take partial profits) for now, stop at 1.0850, targeting 1.0300 and lower. Please use intrady rallies as opportunities to sell more.

Gold chart setups:

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Technical Outlook:

Since Gold has been presented here for the first time, please let’s have a bigger picture on the potential wave count. The 4H chart view indicates that the metal has completed 5 waves rally from $1122 (not seen here) through $1264 levels, labeled 1 through 5. Furthermore, a corrective drop A-B-C has unfolded as a zigzag pattern. It is quite likely that wave C has terminated at $ 1195 levels or it could terminate at $1180 levels, which is also converging with the Fibonacci 0.618 support as depicted here. If the above wave count holds true, Gold has completed waves (1) and (2) as labeled here and wave (3) should resume from current levels pushing prices through $1300/75.00 levels in the weeks to come by. Please note that this trade setup is valid for a medium term view but the entries should trigger in the next few hours. Immediate support is seen at $1180 levels while resistance is at $1264 levels respectively.

Trading plan:

Please buy at current levels (1200/01) partially and remaining at 1170/80, stop below 1150 and target 1375 plus.

Fundamental outlook.

Today’s fundamental event book is full and should trigger price action heavily on the above 2 instruments. With the Fed all set to raise interest rates, it is expected to be a USD bullish day across the board. But at the same time please keep in view that Gold doesn’t necessarily trade counter USD and individual chart setups are also important.

Watch out for USD Consumer price index (Feb) and Advance retail sales at 08:30 am est, followed by the FOMC Rate decision at 02:00 pm est and Fed Chair Yellen conference at 02:30 pm est respectively.

Good luck!

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

Jonathon Alexander

EUR/JPY Basic Analysis March 14, 2017 888011000 110888 EUR/JPY has shown bullish rejection since the start of this week. Today, German ZEW Economic Sentiment report was released in the eurozone. The confidence indicator was forecasted to be at 13.2 but revealed a negatively figure of -12.8. Industrial Production was anticipated to increase 1.2% however the actual expansion was modest at 0.9%. The economic calendar does not have basic information from Japan today. So the unfavorable reports from the eurozone allowed the JPY to gain some strength against it and press the price down. Tomorrow, some financial information is due in Japan. Revised Industrial Production report in the early morning session is expected to show the very same figure of -0.8%. If the industial production is in line with the projection or reveals some favorable outcome, the JPY is anticipated to gain more strength against the EUR this week.Now let ustake a look at the chart from the technical perspective. The price has declined from 122.90 and is currently showing some bearish pressure. The price is likely to reach the support at 121.20. It is expected to reach the second assistance at 120.35 if the rate breaks below 121.20. Otherwise, if the cost rejects from 121.20, then we might see some bullish movement once again pressing the cost greater. The material has actually been offered by InstaForex Company- www.instaforex.com

By | March 14, 2017

EUR/JPY has shown bullish rejection since the start of this week. Today, German ZEW Economic Sentiment report was released in the eurozone. The confidence indicator was forecasted to be at 13.2 but revealed a negatively figure of -12.8. Industrial Production was expected to rise 1.2% but the actual expansion was modest at 0.9%. The economic calendar lacks fundamental data from Japan today. So the negative reports from the eurozone enabled the JPY to gain some strength against it and push the price down. Tomorrow, some economic data is due in Japan. Revised Industrial Production report in the morning session is expected to show the same figure of -0.8%. If the industial production is in line with the forecast or shows some positive outcome, the JPY is expected to gain more strength against the EUR this week.

Now let us look at the chart from the technical viewpoint. The price has rejected from 122.90 and is currently showing some bearish pressure. The price is likely to reach the support at 121.20. If the price breaks below 121.20, it is expected to reach the second support at 120.35. Otherwise, if the price rejects from 121.20, then we might see some bullish movement again pushing the price higher.

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

Jonathon Alexander

GBP/USD Fundamental Analysis March 14, 2017 888011000 110888 GBP/USD is currently having a hard time simply above the support location of 1.2120-40. Today, there are few occasions on the GBP front. Amongst them are a 10y bond auction which formerly was at 1.18/ 2.3 and was released at 1.31/ 2.2. This event did not helped much the GBP to gain some ground as it acquired yesterday. Today was the day for the USD to control the GBP. The US PPI report showed a 0.3% rise in factory inflation, stronger than the projection of a 0.1% growth. The Core PPI also came a bit better than expected 0.2%, the indication logged a 0.3% gain. The USD has actually currently acquired an excellent quantity of strength to engulf yesterday’s bullish cost action and today’s day-to-day close will signify upcoming relocations in this pair.Now let uslook at the pair from the technical viewpoint. The price has actually turned down the bears from the assistance area of 1.2120-40 and is currently showing some bullish intervention. As the cost has currently rejected the bears from the assistance location, we will be anticipating purchase only after the nearby resistance of 1.2200 is gotten with an everyday close. Otherwise, the set is anticipated to be in a bearish bias if it remains listed below the 1.2200 resistance. The material has actually been offered by InstaForex Business-www.instaforex.com

By | March 14, 2017

GBP/USD is currently struggling just above the support area of 1.2120-40. Today, there are not many events on the GBP front. Among them are a 10y bond auction which previously was at 1.18/2.3 and was published at 1.31/2.2. This event did not helped much the GBP to gain some ground as it gained yesterday. Today was the day for the USD to dominate the GBP. The US PPI report showed a 0.3% rise in factory inflation, stronger than the forecast of a 0.1% growth. Besides, the Core PPI also came a bit better than expected 0.2%, the indicator logged a 0.3% gain. Meanwhile, the USD has already gained a great amount of strength to engulf yesterday’s bullish price action and today’s daily close will signal upcoming moves in this pair.

Now let us look at the pair from the technical viewpoint. The price has rejected the bears from the support area of 1.2120-40 and is currently showing some bullish intervention. As the price has already rejected the bears from the support area, we will be looking forward to buy only after the nearest resistance of 1.2200 is taken out with a daily close. Otherwise, the pair is expected to be in a bearish bias if it remains below the 1.2200 resistance.

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

Jonathon Alexander

Elliott wave analysis of EUR/NZD for March 14, 2017 888011000 110888 Wave summary: The anticipated correction towards 1.5116 finally seems unfolding. Once this correction is total, more upsidepressure towards 1.5764 and 1.6064 will be expected. Longer term, far more upsideto above the2015 high at 1.9023 stays anticipated. R3: 1.5658 R2: 1.5520 R1: 1.5456 Pivot 1.5365 S1: 1.5314 S2: 1.5266 S3: 1.5190 Trading recommendation: We will purchase EUR at1.5145. The material has actually been supplied by InstaForex Business -www.instaforex.com

By | March 14, 2017

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Wave summary:

The expected correction towards 1.5116 finally looks to be unfolding. Once this correction is complete, more upside pressure towards 1.5764 and 1.6064 will be expected. Longer term, much more upside to above the 2015 high at 1.9023 remains expected.

R3: 1.5658

R2: 1.5520

R1: 1.5456

Pivot 1.5365

S1: 1.5314

S2: 1.5266

S3: 1.5190

Trading recommendation:

We will buy EUR at 1.5145.

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

Jonathon Alexander

India Inflation Accelerates In February

By | March 14, 2017

India’s inflation accelerated faster-than-expected in February after slowing in the previous month amid a strong increase in food prices, figures from the Central Statistics Office revealed Tuesday.

The customer cost index increased 3.65 percent year-on-year following 3.17 percent increase in January. Economists had anticipated 3.60 percent inflation.

Food cost inflation reached 2.01 percent from 0.61 percent.

Clothes and footwear costs rose 4.51 percent and real estate expenses grew 4.90 percent. Fuel and light charges climbed 3.90 percent.

On a month-on-month basis, the CPI increased 0.23 percent in February and food prices dropped 0.08 percent.

The Reserve Bank of India had predicted inflation to remain within a variety of 4.0 to 4.5 percent in the first half of the 2017-18 financial year.

Authorities data launched previously on Tuesday showed that the wholesale price inflation sped up to 6.55 percent from 5.25 percent in January. The rate was the greatest considering that November 2013.

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

Jonathon Alexander