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    1. #521
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      Re: InstaForex Analytics

      Technical analysis: Intraday Level For EUR/USD, April 19, 2018

      When the European market opens, some Economic Data will be released such as Spanish 10-y Bond Auction and Current Account. The US will release the Economic Data too, such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

      TODAY'S TECHNICAL LEVEL:
      Breakout BUY Level: 1.2438.
      Strong Resistance:1.2431.
      Original Resistance: 1.2419.
      Inner Sell Area: 1.2407.
      Target Inner Area: 1.2378.
      Inner Buy Area: 1.2349.
      Original Support: 1.2337.
      Strong Support: 1.2325.
      Breakout SELL Level: 1.2318.

      Disclaimer:
      Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or 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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

      Analysis are provided by InstaForex

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    3. #522
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      Re: InstaForex Analytics

      Traders do not have enough reference points

      The lack of benchmarks and positive fundamental statistics leads traders to a standstill. On the one hand, trading in the EURUSD pair is below a significant resistance level of 1.2395, which has repeatedly limited the upside potential in risky assets. On the other hand, there are also few who want to to sell the euro and go against the trend.

      In the first half of the day, data showed that the positive balance of the current account of the euro area's balance of payments in February 2018 decreased compared to January. According to the report of the European Central Bank, the current account surplus of the balance of payments in February fell to 35.1 billion euros against 39 billion euros in January.

      However, compared with February 2017, it should be noted that there was growth. As in 2017, the current account surplus of the euro area's balance of payments was at the level of 29.8 billion euros. For the period from March 2017 to February 2018, the surplus of the current account of the euro area's balance of payments totaled 408.1 billion euros.

      Let me remind you that Donald Trump has been advocating a criticism of Germany, and a month ago he spoke in favor of introducing a number of trade duties on the European Union. However, up to now the case never came. The White House administration repeatedly appealed to German Chancellor Angela Merkel on insufficient efforts related to the reduction of the trade surplus with the US, but failed to receive any support.

      On Thursday afternoon, a report was released from the US Department of Labor, which was ignored by the market.

      According to the data, the number of Americans, who applied for unemployment benefits for the first time, fell last week. Thus, the number of initial applications for unemployment benefits for the week from April 8 to 14 fell by 1,000 and was at the level of 232,000, which went against the forecasts of economists who expected the number of applications to be 225,000.



      The British pound was lower against the US dollar in the morning amid weak data on retail sales, but then managed to regain its position, as traders began to digest Wednesday's report on inflation in more detail. In fact, if you understand, then there was nothing "terrible" in that report, which could cause such a speculative market reaction to the selling of the pound.

      According to a report by the National Bureau of Statistics, retail sales in the UK in March 2018 fell 1.2% compared to the previous month. It happened against the background of bad weather. In general, the economic categories of goods and food suffered. For the 1st quarter of 2018, retail sales in the UK decreased by 0.5% compared to the previous quarter.

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

      Analysis are provided byInstaForex.

    4. #523
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      Re: InstaForex Analytics

      Technical analysis: Intraday Level For EUR/USD, April 23, 2018



      When the European market opens, some Economic Data will be released such as German Buba Monthly Report, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data too, such as Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

      TODAY'S TECHNICAL LEVEL:
      Breakout BUY Level: 1.2333.
      Strong Resistance:1.2326.
      Original Resistance: 1.2314.
      Inner Sell Area: 1.2302.
      Target Inner Area: 1.2273.
      Inner Buy Area: 1.2244.
      Original Support: 1.2232.
      Strong Support: 1.2220.
      Breakout SELL Level: 1.2213.

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

      Analysis are provided byInstaForex.

    5. #524
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      Re: InstaForex Analytics

      Daily analysis of major pairs for April 23, 2018


      Daily analysis of USD/CHF for April 23, 2018


      USD/CHF

      This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, price has gained 550 pips (gaining 220 pips in this month alone), closing around the resistance level at 0.9750 on Friday.

      This is a bull market and it is good for long trades. Price should continue going further upwards as EURUSD is pushed further southwards. The resistance levels at 0.9800 and 0.9850 are the targets for this week.


      Daily analysis of USD/JPY for April 23, 2018

      USD/JPY
      The USD/JPY is bearish in the long-term, and bullish in the short-term. After price rammed into the demand level at 105.00 on March 23, it has gone upwards by 280 pips since then. Price closed above the demand level at 107.50 on Friday and it may even reach the supply levels at 108.00 and 108.50 this week….

      Before the anticipated reversal occurs, price could go upwards a little bit. The reversal may be strong enough to take price towards the demand level at 107.50. Yes, there is a Bearish Confirmation Pattern in the market.

      Daily analysis of EUR/JPY for April 23, 2018

      EUR/JPY
      The EUR/JPY is bullish in the near-term, but the bullishness in the market is very weak. Price did almost nothing last week, save some consolidating movement throughout the week. The consolidation may continue this week, but a breakout is imminent, which would most probably favor bears.


      Thus, the demand zones at 132.00, 131.50 and 131.00 could be reached, which may effectively challenge the recent bullishness in the market. It is expected that further southward movement would play itself out this week, because the outlook on JPY pairs is somewhat bearish for the week.

      Performed by Azeez Mustapha,
      Analytical expert
      www.instaforex.com
      InstaForex Companies Group

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