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USD/JPY: forecast for December 14-20 By Elizabeth Belugina USD/JPY broke below the bottom of its monthly range in the 122.20 area. Lower commodity prices increased demand for the yen as a safe haven making the pair decline. In addition, there were some positive surprises in Japan’s economic statistics. The best news was that Japanese GDP growth for Q3 was revised up from -0.2% to +0.3%. As a result, the nation is no longer in technical recession. http://fxbazooka.com/upload/tiny/Ana...apan%20GDP.png Pay attention to Japanese Tankan manufacturing & services indexes on Monday. On Friday there will be the Bank of Japan’s meeting and press conference. The central bank is expected to keep monetary policy unchanged, and that should support the yen. The upcoming meeting of the Federal Reserve on Wednesday will surely also influence the pair: the impact of the rate hike should be positive in the short term, though we don’t think that it will give dollar much strength. Support is at 121.45 (top of the weekly Ichimoku Cloud). Failure here will bring the pair down to 120.70, 120.20 opening the way down to 119.00. Resistanceisat 123.60. http://fxbazooka.com/upload/tiny/Ana...SDJPYDaily.png More: https://fxbazooka.com/en/analitycs/show/7341 |
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Forex trading plan for December 15 By Elizabeth Belugina https://www.youtube.com/watch?v=TuXNUvy0kbA The market is waiting for the Fed’s meeting on Wednesday. Falling oil is the main newsmaker. EUR/USD: The pair remained last week below the resistance at 1.1030 (200-day MA). Below 1.0950 the euro will slide to 1.0915 and 1.0880. Rise above 1.1030 will provoke another round of short covering and open the way to 1.1115 (61.8% Fibo of decline from October high). Watch German ZEW economic sentiment at 10:00 GMT (forecast is positive). GBP/USD: The pair is forming bearish engulfing candle on the daily chart, so the pound is vulnerable for a decline to 1.5030/00. There’s some support at 1.5107/00 (October low). Pound was sold on some dovish comments from the Bank of England and weak oil. Britain will release a block of inflation data at 09:30 GMT. Resistance is at 1.5200/30 and 1.5270 (daily Ichimoku Cloud). USD/JPY: The pair found support in the 120.60 area. We expect an increase from here, but think that the pair will meet new selling pressure on recoveries to 121.05 and 121.50/60. Cautious risk sentiment and good data from Japan created demand for the yen. Below 120.60 support is at 120.22/00. AUD/USD: The pair managed to return above the 100-day MA at 0.7188. The 55-day MA is about to cross this line to the upside that will be a positive sign. However, a lower high formed last week mean that selling pressure will persist. The minutes of the Reserve Bank of Australia’s meeting will be released at 00:30 GMT. Resistance is still at 0.7250 and 0.7280. Falling commodity prices won’t allow Aussie to recover much from here, so the potential trade involves selling at resistance. More: https://fxbazooka.com/en/analitycs/show/7361 |
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GBP/NZD: sell target - 2.2000 15 December 2015 By: Dmitriy Chernovolov
GBP/NZD is likely to fall further in the active waves 3, (C) and ② toward the next sell target at the support level 2.2000. Sell stop-loss can be placed at half the daily ATR (Average True Range) above the resistance level 2.2600. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7368 |
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AUD/NZD: Likely to fall to 1.0500 15 December 2015 By: Dmitriy Chernovolov
AUD/NZD is likely to continue to fall in the active impulse waves (3) and ③ toward the next sell target at the pivotal support level 1.0500 (which stopped the previous impulse wave ① in October). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7369 |
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Forex trading plan for December 16 By Elizabeth Belugina https://www.youtube.com/watch?v=DDDvHSDD4Js The main event on Wednesday will be the Federal Reserve’s meeting at 19:00 GMT. The futures market is pricing in about 80% chance of a rate hike. Although US dollar’s net long positions declined in the recent weeks, the total value is still very high. US central bank will likely do its best to make a rate hike as painless for the American economy as possible. As a result, the risk of “buy the rumor, sell the fact scenario” is rather high. Long USD positions into the Fed are risky on this background. On the other hand, traders are preparing for a dovish statement. US dollar index corrected down from 100.00 in the past 2 weeks, and negative pressure on the greenback should be reduced by this fact. The main thing is the forecasts of the FOMC members for further dynamics of the interest rates. If these forecasts presume more than 2 rate hikes in 2016, it will be positive for USD. If the Fed is more hawkish than the market is expecting, USD will strengthen, especially versus the Japanese yen, demand for which will suffer because of the higher yields in the US, and Australian dollar, which has fallen behind the decline in iron ore. If the Fed is not hawkish enough, USD will decline, especially versus the euro, British pound and Canadian dollar. EUR/USD tested higher levels, but the bulls were stopped by the 100-day MA (1.1060). German ZEW economic sentiment rose coming above expectations. Watch European PMIs at 08:00-09:00 GMT. Support is at 1.0950, 1.0915/00, 1.0880 and 1.0800. Above 1.1060 we watch 1.1115. USD/JPY testing levels above 121.35. A fix here will open the way up to 121.85/122.Support is at 120.60 and 120.00. GBP/USD rose after US CPI, but is still limited by resistances at 1.5200/40/80. Britain will release labor market data at 09:30 GMT. Pay special attention to average earnings index as it is linked to inflation and inflation, in turn, largely determines the Bank of England’s policy. The forecast is negative. Support is at 1.5100, 1.5050 and 1.4950. AUD/USD met resistance at 0.7280 and declined. Support at 0.7180/60 is in focus ahead of 0.7090 and 0.7000. More: https://fxbazooka.com/en/analitycs/show/7372 |
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USD/CHF: buy target - 1.0000 16 December 2015 By: Dmitriy Chernovolov
USD/CHF is likely to rise further in the active impulse waves 3 and (3) toward the next buy target at the parity. Buy stop-loss can be placed below the support level 0.9800. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7381 |
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EUR/USD: sell targets - 1.0700 and 1.0800 17 December 2015 By: Dmitriy Chernovolov
EUR/USD is likely to fall further in the active minor B-wave toward the next sell target at the support level 1.0800 – the breakout of which can lead to further losses toward 1.0700. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7389 |
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USD/CAD: buy target - 1.4000 17 December 2015 By: Dmitriy Chernovolov
USD/CAD is likely to rise further toward the next buy target at the round resistance level 1.4000 (target price for the completion of the active impulse wave (3) and the measured price forecast for the earlier breakout of the daily Triangle from September). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7390 |
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Forex trading plan for December 18
By Elizabeth Belugina https://www.youtube.com/watch?v=aLdssgWd-wQ US dollar strengthened on Thursday after the US Federal Reserve raised the Federal fund rate from 0-0.25% to 0.25-0.50% and sounded less dovish than the market has expected. Although Janet Yellen underlined that further rate increases will be gradual and data dependent, the Fed’s members were confident about the American economy and still expect to raise interest rates 4 times in 2016. EUR/USD was rejected to the downside and further losses are likely. German Ifo business climate disappointed (108.7 vs. the forecast of 109.2). On Friday the euro area will release current account data at 09:00 GMT. Support is at 1.0800: the loss of this level can dramatically intensify selling – to 1.0730 and lower. Resistance is at 1.0980, but only a break above 1.1030/60 will allow further increases. GBP/USD slid towards 1.4900 area. Even the big increase in retail sales due to November sales wasn’t of much help to the pound (+1.7% vs. +0.6% expected). The loss of 1.4900 will bring the pound to 1.4880 and 1.4850. Recoveries should find resistance in the 1.5000/50 zone. USD/JPY is rapidly returning to the upside driven by higher US yields. The Bank of Japan is expected to leave policy unchanged. The central bank is still far from its inflation target, but other economic figures from Japan have so far been above expectations. The pair still has room for gains (resistance is at 123.60), though we don’t expect the Bank of Japan to give it positive drivers. Support is at 121.60. New Zealand’s Q3 GDP growth increased in Q3 from 0.3% to 0.9%, but NZD/USDdeclined because of general USD strength and dovish comments of the nation’s finance minister. The bears may test the lower border of the short-term uptrend at 0.6665 with the next support being at 0.6612. Resistance is at 0.6780. ANZ business confidence index is due during the Asian session on Friday. AUD/USD is vulnerable for a decline to 0.7100 after all the failures on the upside.USD/CAD is overbought, but 1.4000 target is in sight. Canadian inflation data at (13:30 GMT) are expected to come weak. More: https://fxbazooka.com/en/analitycs/show/7393 |
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CAD/JPY: sell target - 86.00 18 December 2015 By: Dmitriy Chernovolov
Having recently broken the support level 88.00 - CAD/JPY is likely to fall further toward the next sell target at the next support level 86.00. Strong resistance remains at 89.00. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7400 |
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CHF/JPY: sell target - 121.00 18 December 2015 By: Dmitriy Chernovolov
The downward reversal from the aforementioned resistance zone completed the previous minor correction 2 of the 3rd intermediate impulse wave (3) from October. CHF/JPY is likely to fall further to the next sell target at the next support level 121.00. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7401 |
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US dollar: forecast for December 21-27 US dollar showed moderate gains in the past week. The market regarded the outcome of the Federal Reserve’s meeting as more hawkish than expected: the Federal funds rate range was increased by 25 bps and the forecast of the 4 rate hikes in 2016 remained unchanged. http://fxbazooka.com/upload/tiny/Ana...Y%20weekly.png After the net bullish dollar positions declined in the first half of December and the currency corrected to the downside, it can now draw more support from the Fed’s decision. Looking forward we think that the greenback will be able to gain the medium term, though its gains will be gradual. Stock markets have responded to the Fed’s rate hike rather well, so the market’s risk sentiment should be supportive for American currency against the euro, Japanese yen and Swiss franc. This week watch US final Q3 GDP on Tuesday and a big block of data on Wednesday, including core durable goods orders and new home sales. At the same time, year-end flows will reduce the importance of fundamental drivers and can hurt dollar. On the other hand, keep an eye on oil, which remains extremely volatile: there may be further declines, so USD can gain more versus commodity currencies. More: https://fxbazooka.com/en/analitycs/show/7416 |
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USD/JPY: forecast for December 21-27 The dynamics of USD/JPY in the past week was determined by the actions of the central banks. Firstly the US Federal Reserve raised the interest rate making the pair go up. Then the Bank of Japan announced some changes to its monetary stimulus measures. However, the market regarded the step taken by the central bank as too small. In short, the BOJ will expand the types of assets it purchases, but the total volume of the program will remain the same. Dollar bulls got disappointed, and USD/JPY was once again rejected down from 123.50. Many failures at this resistance level make it a hard obstacle on the upside. At the same time, the action taken by the Bank of Japan will remind traders that it is actually conducting a massive monetary easing. Together with higher rates in America, this is a huge supporting factor for USD/JPY. There will likely be further technical decline in USD after the failure on the upside, but support line from 2013 is in the 119.20/00 area. Resistance is at 122.00, 123.50 and 124.00. http://fxbazooka.com/upload/tiny/Ana...0%BD%D0%B0.png More: https://fxbazooka.com/en/analitycs/show/7418 |
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EUR/USD: forecast for December 21-27 EUR/USD failed to settle above 1.1000 and declined to 1.0800. The bears have to break below this level to provoke decline to 1.0730 and 1.0650. Resistance is at 1.0980, 1.1055 and 1.1100. These obstacles look strong. http://fxbazooka.com/upload/tiny/Ana...0%B0%D1%80.png Economic data from the euro area in the past week were mixed: PMIs came generally in line with forecasts, but German IFO business climate index disappointed raising concerns about the region’s leading economy. This week we won’t see a lot of news from Europe. Spanish parliamentary elections can create volatility on Monday: the markets will be watching the event as the European Union urging Spain to make new budget cuts in 2016. Then there will be some minor data from Germany on Monday and Tuesday, while the second half of the week will be devoted to Christmas holidays. More: https://fxbazooka.com/en/analitycs/show/7417 |
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Credit Suisse: trade positions and signals 22 December 2015 Open positions: EUR/USD: Hold SHORT from 1.0905, TAKE PROFIT 1.0640, STOP LOSS 1.0955 (Entered on December 21). EUR/CHF: Hold SHORT from 132.40, TAKE PROFIT 129.77, STOP LOSS 133.25 (Entered on December 21). USD/CHF: Hold LONG from 0.9915, TAKE PROFIT 1.0030 (revised), STOP LOSS 0.9880 (Entered on December 18). EUR/GBP: Hold LONG from 0.7250, TAKE PROFIT 0.7370, STOP LOSS 0.7198 (Entered on December 15). NZD/USD: Hold LONG from 0.6700, TAKE PROFIT 0.6865, STOP LOSS 0.6680 (Entered on December 13). AUD/USD: Hold SHORT from 0.7280, TAKE PROFIT 0.6940, STOP LOSS 0.7385 (Entered on December 7). Trade signals: USD/JPY: SELL at 122.00, TAKE PROFIT 120.45, STOP LOSS 122.67 (Entered on December 21). USD/CAD: BUY at 1.3865, TAKE PROFIT 1.4320, STOP LOSS 1.3743 (Entered on December 21). More: https://fxbazooka.com/en/analitycs/show/7429 |
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AUD/CAD: buy target - 1.0200 22 December 2015 By: Dmitriy Chernovolov
The price today broke the next strong resistance level 1.0080 (which reversed the pair sharply in January, as you can see below). If the price closes today above 1.0080 - AUD/CAD can then rise to the next buy target 1.0200. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7433 |
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GBP/AUD: sell target - 2.0400 22 December 2015 By: Dmitriy Chernovolov
GBP/AUD is likely to fall further in the active impulse waves 3 and (C) (which belong to the primary ABC wave ②) toward the next sell target at the support level 2.0400 (which stopped the previous minor impulse wave 1). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7434 |
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NZD/USD: buy target - 0.6900 23 December 2015 By: Dmitriy Chernovolov
Having recently broken above the resistance level 0.6800 - NZD/USD is likely to rise further toward the next buy target at the next strong resistance level 0.6900 (which stopped the previous (A)-wave in October). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7445 |
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GBP/NZD: sell target - 2.1500. 23 December 2015 By: Dmitriy Chernovolov
GBP/NZD is expected to fall further in the active waves 3 and (C) toward the next sell target at the support level 2.1500 (target price calculated for the termination of the active impulse wave 3). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7444 |
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GBP/CHF: buy target - 1.4900 28 December 2015 By: Dmitriy Chernovolov
GBP/CHF is likely to rise further in the next intermediate impulse wave (3) toward the next buy target at the resistance level 1.4900. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7474 |
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EUR/GBP: buy target - 0.7400 29 December 2015 By: Dmitriy Chernovolov
EUR/GBP is likely to rise further to the next buy target at the resistance level 0.7400, which stopped the previous impulse wave (1) earlier this month. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7482 |
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EUR/CAD: buy target - 1.5400 29 December 2015 By: Dmitriy Chernovolov
EUR/CAD is likely to rise further toward the next buy target at the resistance level 1.5400 (which reversed the price with the daily Evening Star in August). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7481 |
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CAD/JPY: sell target - 86.30 30 December 2015 By: Dmitriy Chernovolov
CAD/JPY is likely to fall further toward the next sell target at the support level 86.30 (which stopped the minor impulse wave 3 earlier this month). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7488 |
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GBP/USD: sell target - 1.4750 30 December 2015 By: Dmitriy Chernovolov
GBP/USD is likely to fall further in the active impulse waves (iii), 3 and (3) toward the next sell target at the support level 1.4750 (target price for the termination of wave 3). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7487 |
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GBP/JPY: sell target - 172.00 6 January 2016 By: Dmitriy Chernovolov
GBP/JPY is likely to fall further in the accelerated impulse waves 3 and (v) (which belong to the sharp intermediate impulse wave (C) from November of 2015) toward the next sell target at the support level 172.00 (forecast price for the termination of the active impulse wave 3). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7513 |
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USD/CAD: buy targets - 1.4200 and 1.4400 6 January 2016 By: Dmitriy Chernovolov
USD/CAD is likely to rise further in the active impulse waves (iii), 3 and (3) toward the next buy target at the resistance level 1.4200 – the breakout of which can lead to further gains toward 1.4400. http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7514 |
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USD/JPY: sell targets - 117.00 and 116.20 7 January 2016 By: Dmitriy Chernovolov
USD/JPY is likely to fall further in the active waves (c) and 2 toward the next sell target at the support level 117.00 – the breakout of which can lead to further losses toward the next major support level 116.20 (which reversed the previous intermediate ABC correction (4) in August). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7521 |
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GBP/USD: sell target - 1.4500 7 January 2016 By: Dmitriy Chernovolov
The price is currently trading close to the pivotal, multi-month support level 1.4570 (which stopped the previous primary impulse wave ① in April, as can be seen below).If the price breaks below 1.4570, GBP/USD can then fall further to the next sell target at the support level 1.4500 (target price for the completion of the active impulse wave (3)). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7522 |
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GBP/CAD: buy target - 2.0800 8 January 2016 By: Dmitriy Chernovolov
GBP/CAD is likely to rise further in the active impulse wave 3 toward the next buy target at the next resistance level 2.0800 (which stopped the (b)-wave of the previous ABC correction 2 from December). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7526 |
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EUR/GBP: sell target - 0.7400 8 January 2016 By: Dmitriy Chernovolov
Given the strength of the resistance level 0.7470 and the clear bearish divergence that can be seen on the daily Stochastic indicator - EUR/GBP can be expected to fall further to the next sell target at the support level 0.7400 (previous buy target recently reached by this currency pair). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7527 |
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EUR/CAD: sell target - 1.5200 11 January 2016 By: Dmitriy Chernovolov
Given the strength of the aforementioned resistance zone and the overbought reading on the daily Stochastic indicator - EUR/CAD can be expected to correct down further to the next sell target at the support level 1.5200 (standing close to the 50% Fibonacci Correction of the previous sharp upward price impulse from the start of this month) http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7542 |
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CAD/CHF: buy targets - 0.7100 and 0.7150 11 January 2016 By: Dmitriy Chernovolov
CAD/CHF is likely to rise further from the current levels toward the next buy targets 0.7100 and 0.7150 (38.2% and 61.8% Fibonacci Correction levels of the previous sharp downward impulse from the start of January). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7543 |
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Forex trading plan for January 12 https://www.youtube.com/watch?v=RBvD7DLBfNo Last week: Yuan’s devaluation, Chinese stocks decline, oil price falling by more than 11%, good NFP release in the US (+292K), but weak average hourly earnings. Risk sentiment: Mildly negative. European shares made small gains, though Asian indexes fell by 2-5%. The market make take a breath after the losses of the previous week, though it’s too early at this point to say that equities have reached bottom. USD: US labor market statistics didn’t provide the greenback with strong bullish impulse. Traders will look forward to comments of the Fed members on China and US equity markets. The Fed’s Vice Chairman Stanley Fisher will speak at 10:30 GMT. EUR/USD: The pair met resistance at 1.0970, though the market’s risk aversion doesn’t let the euro to slide much. We lean towards cautious selling. After 1.0870 support is at1.0830, 1.0800 and 1.0685. GBP/USD: The oversold pound has started correcting to the upside, though the general downtrend is still in place. The UK will release manufacturing production figures at 09:30 GMT (forecast is positive, though annual reading is expected to decline). The Bank of England’s Governor Mark Carney will speak at 14:15 GMT. Resistance is at 1.4640 and 1.4700 – the market will likely remain bearish below this point. USD/JPY: Last week the pair broke below important support levels and now looks weak. US dollar will likely return to minimums. Resistance is at 118.30 and 118.70, while support is at 116.00. Pay attention to Japanese current account data and the Bank of Japan’s Kuroda speech at 10:30 GMT. AUD/USD: Resistance is at 0.7115 (former support line). Aussie is correcting to the upside, though we think that advance won’t be long, so we’ll see this resistance as a point to enter shorts. Support is at 0.6930/00. More: https://fxbazooka.com/en/analitycs/show/7549 |
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USD/JPY consolidating 12 January 2016 Tatiana Norkina, FBS analyst Yesterday's trading on the USD/JPY currency pair began with a gapdown of nearly 30 pips below the Friday's close level. At the Asian session, the pair tumbled by about another 50 pips, following the trend, and formed yet another low within the past 5 months in the 116.66 area. Nevertheless, the bulls reacted immediately – the market returned to the 118th figure in a couple of hours and had been consolidating until the end of the day. It should be noted that the bulls were stalled by the Tenkan and Kijun lines that had formed a powerful resistance at this level. Today's trading began with the rate's decline as well and, so far, the prices are remaining in the negative zone. The dead cross was canceled, but the cloud is still bearish. A long-term consolidation is possible, with testing of the Ichimoku cloud lower border levels. Technical levels: support – 117.20; resistance – 118.60. Trade recommendations: 1. Sell — 118.60; SL — 118.80; TP1 — 117.60; TP2 — 117.20. http://fxbazooka.com/upload/tiny/Ana...sdjpyh4-TN.png More: https://fxbazooka.com/en/analitycs/show/7551 |
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GBP/USD: bearish pressure persists 12 January 2016 By Kira Iukhtenko Despite the recent recovery of GBP/USD, the majority of analysts maintain a bearish view for the pair. The current descending channel remains active. For instance, Credit Suisse holds a SHORT position since January 11 from 1.4595, targeting 1.4405 and with a stop loss at 1.4650. Analysts at Morgan Stanley recommend selling GBP/USD on a sustainable break below the 1.4560 mark, targeting 1.3500 in the medium term. Stop loss is recommended to be set at 1.3500. From the fundamental viewpoint, expectations for a BOE rate hike in the coming months are now pretty low amid the weak UK economic figures. Manufacturing production data on Tuesday disappointed to the downside. Meanwhile, the Fed is widely expected to hike in March. This means that policy divergence between the BOE and the Fed is widening. This is a bearish factor for GBP/USD. http://fxbazooka.com/upload/tiny/Ana...PUSDWeekly.png Chart. Weekly GBP/USD More: https://fxbazooka.com/en/analitycs/show/7555 |
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Societe Generale: trading USD/CHF 12 January 2016 Analysts at Societe Generale point out that in October USD/CHF broke to the upside the triangle, within which it was trading since the beginning of 2015. Then the greenback pulled back to the upper border of the pattern in the 0.9750 and once again went higher. As a result, the specialists expect the pair to rise to the upper border of the upward channel in the 1.0420/1.0660 zone. The short-term target is at 1.0200 – this level is provided by the inverse Head & Shoulders pattern market on the chart. http://fxbazooka.com/upload/tiny/Ana...CHFH4%20en.png More: https://fxbazooka.com/en/analitycs/show/7558 |
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CAD/JPY: sell target - 82.00 12 January 2016 By: Dmitriy Chernovolov
CAD/JPY is likely to fall further in the active impulse waves (iii), 5, (3) and ③ toward the next sell target at the support level 82.00 (target price for the termination of the impulse wave (iii)). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7559 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Forex trading plan for January 13 By Kira Iukhtenko https://www.youtube.com/watch?v=mM9Fa2w2gsI Economic calendar on Wednesday consists of a couple events, but they are very important in the current market conditions. Watch the Chinese trade balance in the Asian session. Contraction of the trade surplus could become an important risk-off factor. Later in the day, US are scheduled to release crude oil inventories figures. According to the preliminary estimates, we could see more inventories growth. These two releases could hit the markets with a new wave of selling. In the current conditions, we recommend staying out of the risky assets. EUR/USDholds slightly above the 1.0840 support (50% Fibo from the early January rally). Break below could trigger a new wave of selling with a target of 1.0800. GBP/USD fell below the 1.4500 support after a short-term correction. The market was disappointed by the UK manufacturing PMI on Tuesday. The market is now focusing on a BOE meeting on Thursday – no rate hike is expected. USD/JPY tries to recover for a second day in a row, but the attempts are rather unsuccessful. Yen will remain in-demand as a safe haven. Break to the downside from the current 117-118 yen sideways range is expected. Watch the 116.50 support. More: https://fxbazooka.com/en/analitycs/show/7562 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Euro remained inside cloud 13 January 2016 Tatiana Norkina, FBS analyst The major currency pair on Forex keeps trading within the four-hour Ichimoku cloud. By the end of yesterday's trading, the pair's rate was sliding to the 08th figure area, testing the cloud's lower border support. The Tenkan-sen and Kijun-sen lines have responded to this decrease this morning and formed a dead cross. However, the bears should probably not keep their hopes up, since Kijun-sen has immediately gone up, predicting a possible return of big buyers to the market. Therefore, in case the Senkou Span A support stands today, the pair will be once again rising to 1.1000. Otherwise, transition to under the cloud may cuase the pair to tumble at least up to 1.0650. Technical levels: support – 1.0800, 1.0650; resistance – 1.0880, 1.0940. Trade recommendations: 1. Buy — 1.0840; SL — 1.0820; TP1 — 1.0880; TP2 — 1.0940. http://fxbazooka.com/upload/tiny/Ana...urusdh4-TN.png More: https://fxbazooka.com/en/analitycs/show/7566 |
Re: Market news and trade recommendations by FBS
Forex Analytics
AUD/USD: buy target - 0.7100 13 January 2016 By: Dmitriy Chernovolov
Given the oversold reading on the daily Stochastic indicator - AUD/USD is likely to rise further in the active minor impulse wave 3 toward the next buy target at the resistance level 0.7100 (previous monthly low from December). http://fxbazooka.com/upload/freelanc...0(1%20day).png More: https://fxbazooka.com/en/analitycs/show/7570 |
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