Instaforex Analysis

**InstaForex Gertrude** · 02-10-17, 07:11

EUR/USD approaching major resistance, prepare to sell

The price is approaching major resistance at 1.1841 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a strong reaction off this level to push the price down to at least 1.1728 support (Fibonacci extension, horizontal swing low support, Elliott wave theory).

Stochastic (34,3,1) is seeing major resistance from the 100% level and we're starting to see a nice reversal take place.

Sell below 1.1841. Stop loss is at 1.1890. Take profit is at 1.1728.

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**InstaForex Gertrude** · 03-10-17, 07:40

Technical analysis of EUR/USD for Oct 03, 2017

When the European market opens, some Economic Data will be released, such as PPI m/m and Spanish Unemployment Change. The US will release the Economic Data, too, such as Total Vehicle Sale, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1789.
Strong Resistance:1.1782.
Original Resistance: 1.1771.
Inner Sell Area: 1.1760.
Target Inner Area: 1.1732.
Inner Buy Area: 1.1704.
Original Support: 1.1693.
Strong Support: 1.1682.
Breakout SELL Level: 1.1675.

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**InstaForex Gertrude** · 04-10-17, 07:33

Technical analysis of USD/JPY for Oct 04, 2017

In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, and ADP Non-Farm Employment Change. So, there is a probability the USD/JPY will move with medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.16.
Resistance. 2: 112.94.
Resistance. 1: 112.72.
Support. 1: 112.44.
Support. 2: 112.22.
Support. 3: 112.00.

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**InstaForex Gertrude** · 05-10-17, 07:55

Technical analysis of EUR/USD for Oct 05, 2017

When the European market opens, some Economic Data will be released, such as ECB Monetary Policy Meeting Accounts, French 10-y Bond Auction, Spanish 10-y Bond Auction, and Retail PMI. The US will release the Economic Data, too, such as Natural Gas Storage, Factory Orders m/m, Trade Balance, Unemployment Claims, and Challenger Job Cuts y/y, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1812.
Strong Resistance:1.1805.
Original Resistance: 1.1794.
Inner Sell Area: 1.1783.
Target Inner Area: 1.1755.
Inner Buy Area: 1.1727.
Original Support: 1.1716.
Strong Support: 1.1705.
Breakout SELL Level: 1.1698.

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**InstaForex Gertrude** · 09-10-17, 07:12

EUR/USD testing strong resistance, prepare to sell

The price has bounced up perfectly from our buying area previously and is fast approaching our profit target. We turn bearish today looking to sell below 1.11744 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 1.1653 support (Fibonacci extension).

Stochastic (21,5,3) is seeing major resistance below 95% and we expect a corresponding reaction from this level.

Sell below 1.1744. Stop loss is at 1.1793. Take profit is at 1.1653.

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**InstaForex Gertrude** · 10-10-17, 07:09

Technical analysis of USD/JPY for Oct 10, 2017

In Asia, Japan will release the Economy Watchers Sentiment and Current Account data, and the US will release some Economic Data, such as IBD/TIPP Economic Optimism and NFIB Small Business Index. So, there is a probability the USD/JPY will move with ... volatility during this day.

TODAY'S TECHNICAL LEVEL:
Resistance. 3: 113.27.
Resistance. 2: 113.06.
Resistance. 1: 112.83.
Support. 1: 112.55.
Support. 2: 112.33.
Support. 3: 112.12.

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**InstaForex Gertrude** · 11-10-17, 07:52

Technical analysis of NZD/USD for October 11, 2017

Overview:
The NZD/USD didn't make significant movement yesterday. There are no changes in my technical outlook. The bias remains bearish in the nearest term testing 0.7000 or higher. Immediate support is seen around 0.7087. The NZD/USD pair fell from the level of 0.7128 towards 0.7087. Now, the price is set at 0.7069 to act as a minor support. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.7128 and 0.7040 in coming hours. Furthermore, the price has been set below the strong resistance at the levels of 0.7169 and 0.7220, which coincides with the 23.6% and 38.2% Fibonacci retracement level respectively. Additionally, the price is in a bearish channel now. Amid the previous events, the pair is still in a downtrend. From this point, the NZD/USD pair is continuing in a bearish trend from the new resistance of 0.7128. Thereupon, the price spot of 0.7128/0.7087 remains a significant resistance zone. Therefore, a possibility that the NZD/USD pair will have downside momentum is rather convincing and the structure of a fall does not look corrective. In order to indicate a bearish opportunity below 1.0020, sell below 0.7128 or 0.7087 with the first targets at 0.7040 and 0.7000 (support 3). However, the stop loss should be located above the level of 0.7169.

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**InstaForex Gertrude** · 13-10-17, 07:59

Technical analysis of EUR/USD for Oct 13, 2017

When the European market opens, some Economic Data will be released, such as German Final CPI m/m. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, 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 low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1886.
Strong Resistance:1.1879.
Original Resistance: 1.1868.
Inner Sell Area: 1.1857.
Target Inner Area: 1.1829.
Inner Buy Area: 1.1801.
Original Support: 1.1790.
Strong Support: 1.1779.
Breakout SELL Level: 1.1772.

Analysis are provided byInstaForex.

**InstaForex Gertrude** · 18-10-17, 07:32

Technical analysis of EUR/USD for Oct 18, 2017

When the European market opens, some Economic Data will be released, such as German 30-y Bond Auction. The US will release the Economic Data, too, such as Beige Book, Crude Oil Inventories, 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: 1.1826.
Strong Resistance:1.1819.
Original Resistance: 1.1808.
Inner Sell Area: 1.1797.
Target Inner Area: 1.1769.
Inner Buy Area: 1.1741.
Original Support: 1.1730.
Strong Support: 1.1719.
Breakout SELL Level: 1.1712.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 20-10-17, 07:29

Technical analysis of EUR/USD for Oct 20, 2017

When the European market opens, some Economic Data will be released, such as Current Account and German PPI m/m. The US will release the Economic Data, too, such as Existing Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1904.
Strong Resistance:1.1897.
Original Resistance: 1.1886.
Inner Sell Area: 1.1875.
Target Inner Area: 1.1847.
Inner Buy Area: 1.1818.
Original Support: 1.1808.
Strong Support: 1.1797.
Breakout SELL Level: 1.1790.

Analysis are provided by InstaForex

**IFX Yvonne** · 23-10-17, 09:35

Technical analysis of USD/JPY for Oct 23, 2017

Today, Japan and the US will not release any Economic Data. So, there is a probability the USD/JPY will move with low volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 114.44.
Resistance. 2: 114.21.
Resistance. 1: 114.00.
Support. 1: 113.72.
Support. 2: 113.50.
Support. 3: 113.28.

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.

**InstaForex Gertrude** · 24-10-17, 07:45

AUD/JPY profit target reached perfectly, prepare to buy

The price has dropped perfectly and reached our profit target. We now prepare to buy above major support at 88.39 (Multiple Fibonacci retracements, horizontal overlap support) for a push up to at least 89.10 resistance (Multiple Fibonacci retracements, recent swing high resistance).

Stochastic (21,3,1) is seeing support above 1.2% where we expect a corresponding bounce from.

Buy above 88.39. Stop loss is at 88.17. Take profit is at 89.10.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 25-10-17, 07:49

Technical analysis of EUR/USD for Oct 25, 2017

When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction and German Ifo Business Climate. The US will release the Economic Data, too, such as Crude Oil Inventories, New Home Sales, HPI m/m, Durable Goods Orders m/m, and Core Durable Goods Orders m/m, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1815.
Strong Resistance:1.1808.
Original Resistance: 1.1797.
Inner Sell Area: 1.1786.
Target Inner Area: 1.1758.
Inner Buy Area: 1.1730.
Original Support: 1.1719.
Strong Support: 1.1708.
Breakout SELL Level: 1.1701.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 26-10-17, 07:46

Technical analysis of EUR/USD for Oct 26, 2017

When the European market opens, some Economic Data will be released, such as Minimum Bid Rate, Italian 10-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, Spanish Unemployment Rate, and German GfK Consumer Climate. The US will release the Economic Data, too, such as Natural Gas Storage, Pending Home Sales m/m, Prelim Wholesale Inventories m/m, Goods Trade Balance, and Unemployment Claims, so, amid the reports, EUR/USD will move in a medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1875.
Strong Resistance:1.1868.
Original Resistance: 1.1857.
Inner Sell Area: 1.1846.
Target Inner Area: 1.1818.
Inner Buy Area: 1.1790.
Original Support: 1.1779.
Strong Support: 1.1768.
Breakout SELL Level: 1.1761.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 27-10-17, 07:59

Daily analysis of GBP/USD for October 27, 2017

GBP/USD is piercing once again below the 200 SMA, confirming that it's trapped in between a narrow range. That's why we're no clear in which is the dominant trend across the board, but still, we're expecting a breakout lower. If the support level offered by October 20th lows give up, then we might see a decline towards the 1.3037 level.

H1 chart's resistance levels: 1.3309 / 1.3373
H1 chart's support levels: 1.3216 / 1.3037

Trading recommendations for today:
Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.3216, take profit is at 1.3037 and stop loss is at 1.3398.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 07-11-17, 05:38

NZD/USD profit target reached perfectly, prepare to sell

The price has continued to rise perfectly to our profit target. We now prepare to sell below major resistance at 0.6968 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect to see a strong reaction from this level to push the price down to at least 0.6827 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,3,1) is seeing strong resistance below 96% and also sees bearish divergence vs price signaling that a reversal is impending.
Sell below 0.6968. Stop loss is at 0.7043. Take profit is at 0.6827.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 09-11-17, 05:39

Gold recalled its old ties

The uncertainty surrounding the tax reform, the growth of geopolitical risks in the Middle East and the visit of Donald Trump to Asia allowed the bulls in gold to restrain their opponents who are on the offensive. There were rumors in the market that the start of the transformation of the fiscal system in the US could be postponed for a year due to the fact that the US economy is in good shape. If you add an incentive to this, it will increase the risks of overshooting inflation and a future recession. Given its current position, there is no certainty that the reform will be passed through the Congress: Democrats criticize the bill because of the losses of the middle class, while the number of dissatisfied Republicans is increasing. In general, the revision of the tax system is seen as a "bullish" factor for gold. Therefore, the problems with its implementation allows buyers of the XAU/USD to strike a counterattack.

Investors have raised their share of haven assets in portfolios, looking at events in the Middle East. The mass arrests in Saudi Arabia, the attack on Riyadh by rebels from Yemen, the conflict between Turkey and Kurdistan, and the dissatisfaction of Donald Trump with decisions of his predecessors on Iran's nuclear program have pushed up oil and bond prices. The yield of the latter is under pressure, which, due to the existing correlation, has a positive effect on precious metals.

Dynamics of gold and yield of US bonds

Source: Trading Economics.

An additional factor in supporting gold is U.S. President Donald Trump's tour in Asia. In Japan, Trump has already tickled the nerves of local businessmen, accusing them of non-commercial and non-mutually beneficial trade. In China, the US president raised the issue of ending its economic ties between Beijing and Pyongyang, which certainly provoked North Korea's discontent. Let me remind you that one of the most important drivers of almost 12% of the XAU/USD rally since the beginning of the year have been geopolitical tensions on the Korean peninsula and the US protectionist policy.

At the same time, from the point of view of macroeconomics, the precious metal's situation is not the best. While the euro area and Japan's GDP are growing above the trend, the US economy has been expanding by 3% or more for two consecutive quarters, and is also prepared to increase the rate. In the case of tax reform, investors prefer risky assets. Moreover, global inflation is characterized by sluggish growth. In this scenario, real world market rates have the prerequisites for a movement upwards, which should be considered as a "bearish" factor for XAU/USD.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 23-11-17, 06:11

The preparation for Brexit allocated 3 billion pounds

The EURUSD pair spent the first half of Wednesday in a narrow lateral channel, while traders were preparing for the release of the Federal Reserve's minutes.

Data on the US economy hurt the upward momentum of the US dollar.

According to the report, the number of Americans who applied for unemployment benefits for the first time has declined. This indicates a recovery of the labor market after the autumn hurricanes.

According to the US Department of Labor, the number of initial claims for unemployment benefits for the week from 12 to 18 of November fell by 13,000 and amounted to 239,000. Economists had expected the number of new applications last week to be 240,000.

A good report on the labor market was offset by weak data on orders for durable goods in the US, which fell in October, much worse than economists predicted.

Such data indicates that Americans are making less expensive purchases, which will negatively affect US manufacturers.

According to the US Department of Commerce, orders for durable goods in October 2017 decreased by 1.2% compared to the previous month, amounting to 236 billion US dollars. In September, orders rose by 2.2%. Economists predicted an increase in orders by 0.2%.

As for the technical picture of the EUR/USD pair, only a breakout of the 1.1755-60 range would lead to a larger upward wave in the trading instrument with an update of 1.1800 and a monthly peak output in the area of 1.1860. If the Fed's report contains something interesting about the prospect of tightening monetary policy in December of this year, the demand for the US dollar may rise, which will lead to a return towards the region of large levels of support at 1.1680 and 1.1640.

The British pound strengthened its position against the US dollar following the speech of the Ministry of Finance in the UK. Hammond said that the ministry is preparing for any possible outcome of Brexit, and that the preparation allocated 3 billion pounds.

Furthermore, the economic forecast was lowered, according to which the GDP of the UK for 2017 will grow by only 1.5%, and not by 2%, as predicted earlier. Forecast GDP growth of 1.4% in 2018 and 1.3% in 2019. As Hammond noted, lowering growth forecasts is due to weak labor productivity.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 27-11-17, 07:03

AUD/USD testing major resistance, time to start selling

The price is testing major resistance at 0.7629 (Fibonacci retracement, horizontal overlap resistance, channel resistance, Fibonacci extension) and we expect to see a strong drop from this level to push the price down to at least 0.7537 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,3,1) is seeing strong resistance at 96% where we expect a corresponding reaction off. Correlation analysis: NZDUSD is similarly expecting a strong drop.

Sell below 0.7629. Stop loss isat 0.7670. Take profit is at 0.7537

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex

**InstaForex Gertrude** · 01-12-17, 06:22

Daily analysis of GBP/USD for December 01, 2017

The pair remains following a bullish structure above the 200 SMA at H1 chart and looks forward to testing the 1.3541 level, amid USD weakness against the Pound. Corrective moves might happen in the short-term, with the nearest target placed around the 200 SMA and the 1.3303 level. MACD indicator remains in the negative territory, favoring to the downside.

H1 chart's resistance levels: 1.3440 / 1.3541
H1 chart's support levels: 1.3303 / 1.3244

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3440, take profit is at 1.3541 and stop loss is at 1.3337.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex