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Author Topic: Forex news and Analysis from InstaForex  (Read 11862 times)

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Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #200 on: May 10, 2017, 03:54:21 PM »
Daily analysis of Silver for May 10, 2017


Overview

Silver price did not show any strong move since morning. So the metal is still hovering near 16.00 level, while stochastic is approaching from the overbought areas. This creates a negative factor that will make the price resume the bearish bias in the short term. To keep the bearish trend scenario valid for today, let me remind you that our next main target is located at 15.49. Holding below 16.56 is the most important condition to achieve the suggested targets, as breaching it will push the price to achieve positive targets that mainly begin at 17.43. The expected trading range for today is between 15.90 support and 16.30 resistance.

Read more: https://www.instaforex.com/forex_analysis/91570
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PR Manager
InstaForex Companies Group

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Re: Forex news and Analysis from InstaForex
« Reply #200 on: May 10, 2017, 03:54:21 PM »

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #201 on: May 12, 2017, 05:00:49 PM »
Daily analysis of Gold for May 12, 2017



Overview

Gold price is fluctuating near the initial resistance of 1,229.32, which is met by the EMA50 to add more strength to it, while stochastic is approaching from the overbought areas now. Therefore, these factors encourage us to expect the bearish trend in the upcoming sessions. The first target is represented by testing 50% Fibonacci correction at 1,208.92. Please note that breaking it will push the price towards 1,188.52 directly, while breaching 1,229.32 represents the first upward target to regain the main bullish trend. The metal could head towards the most important resistance in the short term to trade at 1,254.56. The expected trading range for today is between 1,208.00 support and 1,235.00 resistance.

Read more: https://www.instaforex.com/forex_analysis/91689
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #202 on: May 15, 2017, 05:07:23 PM »
Fundamental Analysis of EUR/USD for May 15, 2017

EUR/USD aroused the interest of bulls on Friday after bouncing off from 1.0850 support level. EUR is currently stronger than USD in light of negative US CPI and Retail Sales reports published on Friday. Today, no economic reports are due in the eurozone, but on the USD side Empire State Manufacturing Index is expected to increase to 7.2 which previously was at 5.2. Besides, NAHB Housing Market Index is expected to be unchanged at 68. The economic reports from the US are not quite a high impact events but could bring some volatility in the market during the release. A daily close today will determine the upcoming move in the market where EUR is expected to gain ground against USD in the coming days.

Now let us look at the technical chart. The price is currently residing in the corrective area between 1.0850 and 1.0950. As of the bullish engulfing candle on Friday, the price is expected to move more up towards 1.1160 resistance level. For better confirmation, we will be looking forward for a daily close above 1.0950 for buying in this pair with a target towards 1.1160 level. On the other hand, if the price rejects off the 1.0950 with a daily candle, then we will consider sell positions with a first target towards 1.0850 and later at 1.0720 level. The bias in this pair is bullish until the price takes out 1.0850 with a daily close below it.

Read more: https://www.instaforex.com/forex_analysis/91711
Best Regards,
PR Manager
InstaForex Companies Group

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Re: Forex news and Analysis from InstaForex
« Reply #202 on: May 15, 2017, 05:07:23 PM »

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #203 on: May 16, 2017, 04:16:53 PM »
Fundamental analysis of EUR/JPY for May 16, 2017

EUR/JPY has recently broken above the corrective structure after breaking above 123.50 resistance level. EUR is expected to extend gains in the coming days as it has cleared above the corrective structure. Today, we have the flash GDP report from the eurozone which is expected to be unchanged at 0.5%. Moreover, the German ZEW economic sentiment is expected to increase to 22.3 versus the revious reading of 19.5. The trade balance is expected to decrease to 18.8B which previously was at 19.2B. On the other hand, Japan presented negative reports today. The Tertiary Industry Activity came at -0.2% which was expected to be positive at 0.1%. JPY is currently trading weaker against EUR which has a scope for climbing further upwards in the coming days.

Now let us look at the technical view. The price has broken above the corrective structure resistance of 124.50 with a daily close yesterday. Currently, the price is correcting above this level. As long as the price remains above 123.50 support level, our bias will be bullish with a target towards 127.25. We may see some retracement towards 124.50 or 123.50 support levels before the pair moves up towards 127.25 resistance level. In this scenario, our bullish bias will change if the price breaks below 123.50 with a daily close.

Read more: https://www.instaforex.com/forex_analysis/91776
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #204 on: May 17, 2017, 04:50:02 PM »
Fundamental analysis of USD/CAD for May 17, 2017

USD/CAD retraced towards 1.3600 after a surge towards 1.3800. The greenback is stronger than the loonie on the back of some positive economic reports. Today we have the manufacturing sales report from Canada which is expected to be positive at 1.1% versus the previous reading of -0.2%. At the same time, the United States will present the crude oil inventories report which is expected to be at -2.5M versus the previous -5.2M. The economic events of CAD and USD is expected to bring in good amount of volatility due to the high impact intensity. A daily close today will lead to a certain direction in this pair where USD has an upper hand over CAD.

Now let us look at the technical view. The price is currently residing above the event level of 1.3600 and seems to be correcting itself ahead of CAD and USD high impact news today. Currently we are in bullish bias as the price is above 1.3600 and looking forward for the price to climb towards 1.3800-1.4000 resistance area. On the other hand, if the price closes below 1.3600, then we will be looking forward to sell with a target towards 1.3260 support level. A daily close today will determine the upwards move in this pair.

Read more: https://www.instaforex.com/forex_analysis/91852
Best Regards,
PR Manager
InstaForex Companies Group

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Re: Forex news and Analysis from InstaForex
« Reply #204 on: May 17, 2017, 04:50:02 PM »

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #205 on: May 18, 2017, 04:42:28 PM »
Fundamental Analysis of AUD/USD for May 18, 2017

Recently, AUD/USD has shown a good amount of bullish pressure after a bounce of 0.7330 support area. Today, AUD also had a good amount of bullish pressure after positive economic reports on Australia's Employment Change which were better than expected. The Employment Change report showed an increase of 37.4k which was expected to be at 4.5k. Besides, Unemployment Rate in Australia declined to 5.7% from 5.9% earlier, the forecast was made with a flat reading. The positive economic reports from Australia gave some boost to AUD. Nevertheless, it failed to keep it up, giving in to the USD pressure. On the USD side, today we have Unemployment Claims report which is expected to increase to 240k which previously was at 236k. Philly Fed Manufacturing Index is expected to decrease to 19.9 which previously was at 22.0. Australia has already presented strong data. On the other hand if US reports reveal negative figures, then we might see AUD gaining more against USD in the coming days.

Now let us look at the technical chart. The price is currently showing indecision due to equal pressure from AUD and USD. Recently, AUD/USD has formed a Double Top Pattern where it is currently going to retest the Neckline of the pattern at 0.7500 level. The price is currently being hold by 20 EMA dynamic resistance. If that could not hold, the price is likely to reach 0.7500 horizontal resistance before the price continues its bearish trend again towards 0.7160 support level. As the price remains below 0.7500, the pair is set to follow the bearish bias.
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Read more: https://www.instaforex.com/forex_analysis/91910
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #206 on: May 19, 2017, 01:52:55 PM »
Technical analysis of EUR/USD for May 19, 2017


When the European market opens, the eurozone will post the reports on consumer confidence, current Account, and German PPI. At the same time, the US will not release any key econmic data. So, amid the reports EUR/USD will move with a low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1166.

Strong Resistance:1.1159.

Original Resistance: 1.1148.

Inner Sell Area: 1.1137.

Target Inner Area: 1.1111.

Inner Buy Area: 1.1084.

Original Support: 1.1073.

Strong Support: 1.1062.

Breakout SELL Level: 1.1055.

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.

Read more: https://www.instaforex.com/forex_analysis/91945
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #207 on: May 22, 2017, 04:37:40 PM »
Technical analysis of NZD/USD for May 22, 2017


NZD/USD is expected to trade in a higher range. The pair recorded higher tops and higher bottoms since May 19, which confirmed the bullish outlook. The upward momentum is further reinforced by the rising 20-period and 50-period moving averages. The relative strength index is mixed to bullish. To conclude, as long as 0.6930 holds on the downside, look for a new rise to 0.7000 and even to 0.7015 in extension. The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7000 and the second one at 0.7015. In the alternative scenario, short position is recommended with the first target at 0.6915 if the price moves below its pivot points. A break of this target may push the pair further downwards, and one may expect the second target at 0.6900. The pivot point is at 0.6930.

Resistance levels: 0.7000, 0.7015, and 0.7045

Support levels: 0.6915, 0.6900, and 0.6855

Read more: https://www.instaforex.com/forex_analysis/92029
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #208 on: May 23, 2017, 03:53:19 PM »
Technical analysis of USD/CHF for May 23, 2017


Overview: The market opened below the daily pivot point (0.9739). It continued to move downwards from the level of 0.9787 to the bottom around 0.9739. Today, the first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support which turned to strong resistance at 0.9787. Right now, the pair is trading below this level. It is likely to trade in a lower range as long as it remains below the resistance (0.9787) which is expected to act as major resistance today. This would suggest a bearish market because the moving average (100) is still in a negative area and does not show any signs of a trend reversal at the moment. Amid the previous events, the USD/CHF pair is still moving between the levels of 0.9787 and 0.9691, so we expect a range of 126 pips in coming hours. Therefore, the major resistance can be found at 0.9787 providing a clear signal to sell with a target seen at 0.9691. If the trend breaks the minor support at 0.9691, the pair will move downwards continuing the bearish trend development to the level of 0.9645 and 0.9600 in order to test the daily support 3. Overall, we still prefer the bearish scenario which suggests that the pair will stay below the zone of 0.9787 this week.

Read more: https://www.instaforex.com/forex_analysis/92051
Best Regards,
PR Manager
InstaForex Companies Group

Offline Instaforexbuk

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Re: Forex news and Analysis from InstaForex
« Reply #209 on: 2 hours ago »
Fundamental Analysis of NZD/USD for May 24, 2017


NZDUSD has broken above the corrective structure resistance 0.6950 with a good amount of bullish pressure. Yesterday, we saw a bullish rejection on the daily candle which signals the presence of bears currently in the pair. Today, a Trade Balance report was published in New Zealand which showed a surplus of 578M, higher than forecast for a 268M surplus. This was bullish for NZD this morning but USD is quite stronger now, so NZD could not keep the bullish pressure for long. On the USD side today, Existing Home Sales report is due later today. The report is expected to show a decline to 5.65M from 5.71M earlier. Besides, Crude Oil Inventories report is also expected to reveal a bigger deficit of -2.4M barrels from -1.8M in the previous week. To sum up, New Zealand's trade data could not push NZD higher. However, if if upcoming US news comes positive today, we might see further bearish pressure in this pair today.

Now let us look at the technical chart. Recently, the price has broken above the resistance of 0.6950 with a daily close. Currently the price is showing some bearish pressure after the bullish rejection yesterday. The price is expected to move down to 0.6950 before showing further bullish pressure in this pair with a target towards 0.7050 resistance level. Our bullish bias in this pair will only change if the price breaks below 0.6950 with a daily close.

Read more: https://www.instaforex.com/forex_analysis/92107
Best Regards,
PR Manager
InstaForex Companies Group

 

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