|
Re: Market news and trade recommendations by FBS
Forex Analytics
Forex trading plan for April 5 4 April 2016 By Elizabeth Belugina The US dollar’s decline was tempered by good economic data released on Friday, but the dovish words by Janet Yellen still affect American currency. On Tuesday pay some attention to US trade balance at 12:30 GMT and ISM non-manufacturing PMI at 14:00 GMT. EUR/USD keeps consolidating around 1.1380 after its thrust to the upside at the end of March. There was news about tensions between Greece and the IMF, though the impact on the euro wasn’t high. The euro area’s Sentix investor confidence index increased marginally to 5.7 from the previous 5.5, but below market's expectations of 6.9. Producer prices declined more than forecast. On Tuesday Germany will release factory orders data at 06:00 GMT (good forecast). All in all, there are buyers for the euro. Increase above 1.1440 should open the way to 1.1500. Support is at 1.1355 and 1.1300. The Reserve Bank of Australia will announce its decision at 04:30 on Tuesday. The most interesting thing will be the RBA’s comments on the levels of Australian dollar. AUD/USD rose by almost 8% since the last meeting of the central bank. Although, the recent data from China and Australia were rather good, there’s a good chance that the regulator will try to make Aussie go down a bit, especially taking into account the fact that the Federal Reserve is now less hawkish. Support is at 0.7590 and 0.7550. Resistance is at 0.7680 (March 18 high). USD/JPY is still vulnerable for more declines to 111.00/110.60. Japanese Prime Minister is expected to outline the specifics of budget at a cabinet meeting tomorrow and there may be talk of fiscal stimulus, which can benefit the yen. According to the Bank of Japan’s survey, Japanese companies' long-term inflation expectations weakened in March from three months ago. Still, for now traders are not focused on the Bank of Japan, and this weighs on the pair. GBP/USD jumped to 1.4325, where it faces resistance. Britain will release services PMI at 08:30 GMT (the forecast is good). However, be careful of further longs, as pound risks being hit by political news. Support is at 1.4275, 1.4240 and 1.4200. Resistance is at 1.4350 and 1.4400. More: https://fxbazooka.com/en/analitycs/show/8492 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: bearish correction through the "Thorns" 5 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-EUR-H4.png The main trend on the four-hour chart is a bullish one. At the same time, we’ve got a flat in progress under the nearest resistance at 1.1409. It’s likely to see a bearish movement towards a support at 1.1341 during the day. If a pullback arrives afterwards, then the market will have a chance to reach a resistance area at 1.1436 – 1.1460. http://fxbazooka.com/upload/freelanc...016-EUR-H1.png We’ve got a flat in progress between the 34 Moving Average and the the local resistance at 1.1409. The price is likely going to achieve a support area near the 89 Moving Average and the current trend line. Therefore, if sellers be stopped here, then buyers will probably try to reach a resistance area at 1.1436 – 1.1460. More: https://fxbazooka.com/en/analitycs/show/8496 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/USD: the trend line is waiting for bears 5 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-GBP-H4.png The pair was rising the last two days since a “Double Bottom” arrives at the local low. Finally, the market faced a resistance at 1.4325, which led to the current decline. It’s likely to see a support at the local up trend line. If so, the price will probably try to reach a resistance area at 1.4305 – 1.4342. http://fxbazooka.com/upload/freelanc...016-GBP-H1.png The price has formed a “V-Top” pattern and reached a support at 1.4241 afterwards. So, the market is likely going to test the next support area at 1.4190 – 1.4170. Considering a possible pullback from this area, bulls will have an opportunity to achieve a resistance at 1.4259 – 1.4283. More: https://fxbazooka.com/en/analitycs/show/8497 |
Re: Market news and trade recommendations by FBS
Forex Analytics
USD/JPY: sell target - 109.00 5 April 2016 By: Dmitriy Chernovolov -USD/JPY broke pivotal support level 111.00 -Next sell target - 109.00 USD/JPY recently broke the pivotal support level 111.00 (which has been reversing the price from the middle of February, as can be seen below). The breakout of this support level is likely to accelerate the active minor impulse wave 5 – which started earlier - when the pair reversed down from the lower trendline of the daily down channel from last June (acting as resistance now, after it was broken by the previous minor impulse wave 3 in February). USD/JPY is likely to fall in the active minor impulse wave 5 toward the next sell target at the support level 109.00. Strong resistance now stands at 111.00. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8502 |
Re: Market news and trade recommendations by FBS
Forex Analytics
USD/JPY: "Three Methods" put new heart into bears 5 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04usdjpyH4.png The market has been declining since an “Evening Star” was formed at the last high. Moreover, there’s a “Three Methods” pattern, which led to the more bearish pressure. So, it’s likely that the price is going to falling down until any bullish pattern arrives. As we can see on the Daily chart, all last candles are bearish and we don’t have any reversal pattern so far. Therefore, today’s candle is probably going to be a black one. http://fxbazooka.com/upload/freelanc...04usdjpyH1.png We’ve got a “High Wave” and an “Inverted Hammer” at the local low, but they haven’t been confirmed yet. It’s likely to see a bullish correction during the day. If the price faces a resistance on the 21 Moving Average, then it’ll be an opportunity to see a new low shortly. More: https://fxbazooka.com/en/analitycs/show/8507 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Forex trading plan for April 6 By Kira Iukhtenko https://www.youtube.com/watch?v=fvxeC1Wl-AU US Dollar extended recovery on Tuesday following the relatively upbeat US labor market figures on Friday. On Wednesday, the market will focus on on the FOMC meeting minutes release фе 18:00 GMT on Wednesday. As for the EUR/USD currency pair, we could see more weakness here tomorrow. Selling below 1.1350 is good trading idea. However, in the medium term we still remain bullish for the European currency. GBP/USD remains under bearish pressure, but the market is strongly oversold now. We expect a temporarily pullback to 1.4200 before a new wave of weakness will follow. The pair targets the 1.4070/50 support area this week. As for the economic calendar, watch the UK housing price indx tomorrow. USD/JPY was a big mover on Tuesday, smashed by a wave of risk aversion. A new selling impulse followed in the American session. Break below 110.00 yen (channel support) will triger a stronger selling impulse for the pair. More: https://fxbazooka.com/en/analitycs/show/8508 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: bulls have a rest in a range of "Triangle" 6 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-EUR-H4.png The main trend on the four-hour chart is a still bullish. The price has broken “Triangle” pattern’s upper side and reached a resistance at 1.1460 afterwards. So, we’ve got a local consolidation above the current trend line. The market is likely going to get a support at 1.1341 – 1.1334. If so, bulls will have a chance to resume their rally towards a resistance at 1.1437. http://fxbazooka.com/upload/freelanc...016-EUR-H1.png There’s a flat in progress between the levels 1.1409 and 1.1334. Moreover, the current price movement is likely going to form a “Triangle” pattern. So, its lower side can act as a support. If we see a pullback from it, then a rise will be on the table once again, so we should keep an eye on a resistance area at 1.1409 – 1.1437. More: https://fxbazooka.com/en/analitycs/show/8514 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/USD: bears poking fun at bulls in the Pennant 6 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-GBP-H4.png The price has been falling down since a “Triple Top” arrived at the last high. We’ve got a support at 1.4117, but this is likely not the end of the current bearish rally. The market is probably going to get a support at 1.4052. If so, bulls will have an opportunity to achieve a resistance at 1.4170. http://fxbazooka.com/upload/freelanc...016-GBP-H1.png As we can see on the one-hour chart, the up trend line has been broken. There’s a possible “Pennant” pattern, so the pair is likely going to reach a support at 1.4056. If a pullback appears from this level, then it’ll be a chance to see at least a local correction. More: https://fxbazooka.com/en/analitycs/show/8515 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/JPY: sell targets - 155.00 and 152.50 6 April 2016 By: Dmitriy Chernovolov -GBP/JPY broke daily Triangle -Next sell targets - 155.00 and 152.50 GBP/JPY continues to fall inside the minor impulse wave 3, which earlier broke through the support zone lying at the intersection of the support trendline of the daily Triangle from February and the support level 158.60 (which stopped the previous minor impulse wave 1, as can be seen from the daily GBP/JPY chart below). The breakout of this support zone intensified the bearish pressure on this currency pair – accelerating the active impulse waves 3 and (5). GBP/JPY is likely to fall to the next sell target at the nearby support level 155.00 (low of the previous intermediate impulse wave (3)) – the breakout of which can lead to further losses toward 152.50. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8518 |
Re: Market news and trade recommendations by FBS
Forex Analytics
CHF/JPY: sell target – 114.00 6 April 2016 By: Dmitriy Chernovolov -CHF/JPY falling inside impulse waves 5 and (3) -Next sell target – 114.00 CHF/JPY has been falling sharply in the last few trading sessions inside the minor impulse wave 5, which belongs to the intermediate impulse wave (3) from the middle of October. The active impulse wave 5 started earlier – when the pair reversed down from the resistance zone lying between the resistance level 117.30, 50% Fibonacci correction of the preceding downward impulse from December and the upper resistance trendline of the daily down channel from June of 2015. Having recently broken below the support level 116.00 - CHF/JPY is likely to fall toward the next sell target at the support level 114.00. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8519 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: the flat is rich of candle patterns 6 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png There’re a “Doji” and an “Engulfing” at the last high, which have been confirmed enough. So, the market is likely going to reach the nearest support line. As we can see on the Daily chart, we’ve got a confirmation for the previously formed “High Wave” and “Hanging Man”, so today’s candle has a reason to be a black one. http://fxbazooka.com/upload/freelanc...04eurusdH1.png The current flat is going on, which already brought a “Harami” and a “High Wave”. The pair is likely going to get a support on the 89 Moving Average. If so, bulls will have a chance to return to the market. More: https://fxbazooka.com/en/analitycs/show/8520 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: "Belt Hold" throw bulls for a loop 7 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png We've got a “Doji”, an “Engulfing” and a “Harami” patterns at the last highs, but their confirmation hasn't formed yet. Also, there’s a bullish “Harami” at the local low. The market is likely going to reach the nearest support line, which has effectively stopped bears earlier. So, if it happens for the second time, bulls will be unstoppable. As we can see on the Daily chart, there’re a “High Wave” and a “Hanging Man”, but they both haven’t confirmed. So, the only thing bears can deliver at this moment is just a movement towards to the nearest support. http://fxbazooka.com/upload/freelanc...04eurusdH1.png There's a “High Wave” on the 89 Moving Average. At the same time, we've got an “Engulfing” and a “Belt Hold” at the local high. So, the pair is likely going to get a support on the 89 Moving Average once again. More: https://fxbazooka.com/en/analitycs/show/8530 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/JPY: sell target – 122.10 7 April 2016 By: Dmitriy Chernovolov -EUR/JPY falling inside impulse wave (5) -Next sell target – 122.10 EUR/JPY has been falling in the last few trading sessions inside the sharp indeterminate impulse wave (5) – which started earlier - when the price reversed down from the resistance zone lying between the resistance level 128.00, upper daily Bollinger Band, and the 61.8% Fibonacci correction of the previous sharp downward impulse from the end of January. The price earlier broke the daily Rising Wedge from February and the support level 124.00 – which further accelerated the active impulse wave (5) EUR/JPY is likely to fall to the next sell target at the support level 122.10 (which stopped the previous sharp intermediate impulse wave (3) in February). http://fxbazooka.com/upload/freelanc...alysis%20-.png More: https://fxbazooka.com/en/analitycs/show/8533 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Trading plan for April 8 By Kira Iukhtenko USD/JPY was the major mover on Thuesday, plummeting below 108.00. The recent nearish trend was strengthened by the dovish FOMC meeting minutes, released on Wednesday. We maintain a bearish view for the pair, targeting 100 yen in the medium term. Intermediate support is seen at 107.30 and 105.10. Bullish correction is somewhere close, but we’d recommend using it for opening new selling positions. Meanwhile, EUR/USD remains rather resilient despite the dovish ECB minutes released today. It holds in a sideways 1.1450/1.1340 range. Pay attention: we are close to a strong resistance at 1.1500, so buying at the current levels seems to be risky. At the same time, the medium-term prospects of the pair remain upbeat. GBP/USD found some support at 1.4050, but still remains under bearish control. Watch the UK manufacturing production data on Friday – the forecast is downbeat, so it could trigger a new wave of GBP selling. We recommend going short on a break below 1.4050. AUD/USD holds below the former March support line. A break below the 0.7475 support could confirm a double top formation and open the way to our next target at 0.7380. More: https://fxbazooka.com/en/analitycs/show/8537 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: series of "V" tops 8 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-EUR-H4.png The main trend remains bullish. There's a flat in progress above the upper side of “Triangle” pattern. The market is likely going to decline towards a support at 1.1326 in the short term. If a pullback arrives, then bulls will probably try to reach a resistance at 1.1437. http://fxbazooka.com/upload/freelanc...016-EUR-H1.png As we can see on the one-hour chart, the last upward channel has been broken, but then the price got a support at 1.1356, so bears couldn't do anything. At the same time, it's likely to see a local downward movement towards a support at 1.1341 – 1.1326 during the day. Considering a possible pullback from this area, we should keep an eye on a resistance at 1.1376 – 1.1409. More: https://fxbazooka.com/en/analitycs/show/8542 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/USD: "Triple Top" is still on the table 8 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-GBP-H4.png We've got a “V-Bottom” pattern, which led to the current upward correction. Finally, the price faced a resistance at 1.4117 and started to decline afterwards. The market is likely going to continue falling down. If the price gets a support at 1.3995, it’ll be a chance to see a bullish movement towards a resistance at 1.4117 – 1.4170. http://fxbazooka.com/upload/freelanc...016-GBP-H1.png The pair has found a resistance at 1.4170, which brought a “Double Top” pattern. So, the market is likely going to get a support at 1.4018 – 1.4004. If so, a rise becomes possible towards a resistance at 1.4108 – 1.4156. More: https://fxbazooka.com/en/analitycs/show/8543 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: "Engulfing" brought correction to naught 8 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png The current flat is going on, which has a support by the 21 Moving Average. There's a “Harami” at the local low, so the market is likely going to reach the nearest resistance line. As we can see on the Daily chart, a reversal “High Wave” and a “Hanging Man” haven’t confirmed yet, so today’s candle is probably going to be a white one. http://fxbazooka.com/upload/freelanc...04eurusdH1.png There’re an “Engulfing Bearish” and a “Belt Hold” on the nearest resistance line. Therefore, an “Engulfing Bullish” was formed on the 89 Moving Average. Under this circumstances, the current flat is likely going to be continued. More: https://fxbazooka.com/en/analitycs/show/8544 |
Re: Market news and trade recommendations by FBS
Forex Analytics
AUD/NZD reversed from pivotal support level 1.1080 8 April 2016 By: Dmitriy Chernovolov -AUD/NZD reversed from pivotal support level 1.1080 -Next buy target - 1.1200 AUD/NZD recently reversed up from the support zone lying at the intersection of the pivotal support level 1.1080 (former strong resistance level, which stopped the previous minor impulse wave 1 in November, as can be seen below), 38.2% Fibonacci correction of the previous upward impulse from the end of February and the lower daily Bollinger Band. The upward reversal from this support zone completed the previous minor correction (iv). AUD/NZD is likely to rise further in the active impulse wave (v) toward the next buy target at the next resistance level 1.1200. Buy stop-loss can be placed below the aforementioned support level 1.1080. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8545 |
Re: Market news and trade recommendations by FBS
Forex Analytics
NZD/JPY reversed from long-term support level 73.20 8 April 2016 By: Dmitriy Chernovolov -NZD/JPY reversed from long-term support level 73.20 -Next buy target – 74.60 NZD/JPY recently reversed up sharply from the long-term support level 73.20, which is the lower boundary of the strong support zone which has been repeatedly reversing this currency pair from the end of last October (as can be seen from the daily NZD/JPY chart below). The upward reversal from the support level 73.20 stopped the active intermediate impulse wave (3) from the end of March. With the daily Stochastic still moving in the oversold area - NZD/JPY is likely to rise further from the current levels toward the next buy target at the resistance level 74.60 (top of the aforementioned support zone). http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8546 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: flat above the broken "Triangle" 11 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-EUR-H4.png We’ve got an upward trend on the four-hour chart. Currently, there's a flat in progress above the breaking point of the last “Triangle’ pattern. Therefore, the market is likely going to get a resistance at 1.1437 – 1.1459. If so, a bearish correction will have a chance to reach a support area at 1.1341 – 1.1326 afterwards. http://fxbazooka.com/upload/freelanc...016-EUR-H1.png There’s a bullish movement along the current uptrend line. It’s likely to see the pair higher in the short term. Considering a possible pullback from the nearest resistance at 1.1437 – 1.1459, a downward correction will probably begin, so we should keep track of a support area between the 55 Moving Average and the level 1.1376. More: https://fxbazooka.com/en/analitycs/show/8555 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/USD: bulls has broken the downtrend line 11 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-GBP-H4.png The price has been moving in a range since the downward trend line was broken. We've got a “V-Bottom” pattern above a support at 1.3995, which led to the current flat. The pair is likely going to get a resistance at 1.4170 – 1.4194. If a pullback from this area arrives, then bears will have an opportunity to return to the market. So, we should cast wary eye at a support at 1.4052 – 1.3995. http://fxbazooka.com/upload/freelanc...016-GBP-H1.png There's a flat in progress, which led to break the local downtrend line. The 55 Moving Average acts as a resistance, so the market is likely going to rise towards a resistance at 1.4170 – 1.4190. If we see a pullback from this area, then bears will have a chance to achieve a support at 1.4081 – 1.4056. More: https://fxbazooka.com/en/analitycs/show/8556 |
Re: Market news and trade recommendations by FBS
Forex Analytics
CHF/JPY: broke support level 114.00 11 April 2016 By: Dmitriy Chernovolov -CHF/JPY broke support level 114.00 -Next sell target - 112.30 CHF/JPY continues to fall inside the accelerated impulse wave 5, which belongs to the sharp extended downward impulse wave (3) from the middle of October. The price earlier broke the support level 114.00 (which was set previously as the sell target for this currency pair) – which accelerated the active impulse waves 5 and (3) – which are both a part of the primary downward primary impulse wave ① from last year. CHF/JPY is likely to fall further toward the next sell target at the strong support level 112.30 (which stopped the previous impulse waves 3 and (b)). The price is likely to reverse up from the support level 112.30 toward the recently broken price level 114.00. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8567 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: the flat is rich of candle patterns 11 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png The market has been moving up and down in the current flat's range. The price achieved the nearest resistance once again and started declining afterwards. We’ve got an “Engulfing Bullish” on the 21 Moving Average, so the market is likely going to reach this line again, but then bulls will have a chance to return. As we can see on the Daily chart, there're a “High Wave” and a “Hanging Man” at the last high, but they haven’t confirmed yet. So, today’s candle is probably going to be a bullish one. http://fxbazooka.com/upload/freelanc...04eurusdH1.png There’s a flat in progress with a support by the 89 Moving Average. Therefore, we've got a “Shooting Star” at the last high, but also here’s a “Harami” on the Moving Average. So, the market is likely going to get a support on the 144 Moving Average. Considering a possible pullback from this line, the current uptrend is about to continue. More: https://fxbazooka.com/en/analitycs/show/8568 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/CAD: reversed from resistance zone 11 April 2016 By: Dmitriy Chernovolov -EUR/CAD reversed from resistance zone -Next sell target –1.4660 EUR/CAD continues to decline inside the second intermediate correction (2) – which started previously - when the price reversed down from the resistance zone lying between the round resistance level 1.5000 (which also previously reversed the price sharply in March), 38.2% Fibonacci correction of the previous sharp intermediate (C)-wave from February and the upper daily Bollinger Band. EUR/CAD is likely to fall further inside the active intermediate correction (2) toward the next sell target at the support level 1.4660 (which has been reversing the price from the middle of March, as can be seen below). Strong resistance remains at the aforementioned price level 1.5000. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8569 |
Re: Market news and trade recommendations by FBS
Forex Analytics
USD/JPY: "Window" is still holding back bears 11 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04usdjpyH4.png There’re a package of candle patterns on the nearest “Window” level. We’ve got a couple of “Tweezers” and “Hummers”, but all of them haven’t a confirmation yet. However, if a confirmation arrives afterwards, then it’ll be a chance to see the market on the 21 Moving Average. As we can see on the Daily chart, there's an “Inverted Hammer”, but it requires a confirmation as well. Anyway, today’s candle is likely going to be a bullish one. http://fxbazooka.com/upload/freelanc...04usdjpyH1.png We’ve got a bearish trend on the one-hour chart. At the same time, there’re a lot of bullish patterns such as a “Tweezers”, a “Hammer”, a “Tower”, an “Engulfing” and a “Harami”, but they haven’t been confirmed yet. So, the 21 Moving Average is likely going to be reached once again. MAKE MONEY ON IT https://fxbazooka.com/en/analitycs/show/8571 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Forex trading plan for April 12 By Elizabeth Belugina US dollar index fell to 94.00. Later on Monday the Federal Reserve will hold a closed meeting on interest rates. The last time the Fed conducted such meeting was in November 2015, ahead of the rate hike. However, given the dovish position of the Fed’s head Janet Yellen, traders don’t expect the same to happen this time. However, the Fed will release an announcement sometime after 18:00 GMT, and we should learn more about the regulator’s position from it. Oil prices represent another important market mover. A very important meeting between OPEC and non-OPEC oil producers will take place on April 17. Global stocks rose on Monday, but the positive movement may be brief as the earnings season starts in the US, and the figures will likely be bad. EUR/USD keeps trading sideways with a small upward bias. Support is at 1.1380, 1.1330 and 1.1300. Resistance is at 1.1455 and 1.1500. No news from the euro area, message from the Fed is in focus. GBP/USD jumped to 1.4250 on Monday retracing more than 50% of the decline from 1.4460 to 1.4000. The UK will release inflation data at 08:30 GMT. The market expects an improvement in the UK inflation figures, though traders don’t think that the Bank of England will change policy or sound more hawkish at its meeting on Thursday. As a result, we prefer selling GBP/USD on attempts to get higher. Resistance is at 1.4320, 1.4350 and 1.4400. Support is at 1.4180, 1.4135 and 1.4055. USD/JPY recovered for the second time from the levels below 107.70. Targets for correction up lie at 108.75, 109.10 and 109.50. Break below 107.60 will open the way down to bigger support at 106.60. If AUD/USD closes the day above 0.7600, it will turn to 0.7670. Failure will result in decline to 0.7500. More: https://fxbazooka.com/en/analitycs/show/8573 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: price take hold above the Triangle 12 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-EUR-H4.png The main trend is a still bullish one. The market has been moving in a flat since the upper side of the last “Triangle” pattern was broken. So, currently the flat is likely going to be continued. At the same time, we should keep an eye on the nearest resistance area 1.1437 – 1.1459, which acts as a main target for bulls. If a pullback from this area happens, then it’ll be a chance to see a bearish correction towards a support at 1.1341 – 1.1326. http://fxbazooka.com/upload/freelanc...016-EUR-H1.png The price has found a resistance at 1.1453 and formed a “V-Top” afterwards, which led to the current decline. So, the pair is likely going to get a support somewhere between the 34 Moving Average and the level 1.1376. If bears be stopped here, then bulls will probably try to reach a resistance at 1.1437 – 1.1447. More: https://fxbazooka.com/en/analitycs/show/8579 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/USD: bulls took a cue from the Double Bottom 12 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-GBP-H4.png The price formed a “Double Bottom” pattern, which has been confirmed. Finally, a resistance at 1.4283 was achieved, which led to the current decline. So, the market is likely going to get a support at 1.4170 in the short term. If so, a rise towards a resistance 1.4305 – 1.4342 becomes possible afterwards. http://fxbazooka.com/upload/freelanc...016-GBP-H1.png We've got a “V-Top”, which made possible the current downward correction. The market is likely going to reach a support at 1.4190 – 1.4170. If we see a pullback from here, bulls will have an opportunity to achieve a resistance area at 1.4285 – 1.4320. https://fxbazooka.com/en/analitycs/show/8580 |
Re: Market news and trade recommendations by FBS
Forex Analytics
XAU/USD: gold is targeting higher levels 12 April 2016 Daily. It seems that corrective wave [E] still wasn’t finished. At the final section we see the formation of the final part of the upward triple Zigzag – wave (z). http://fxbazooka.com/upload/freelanc...il/xauusd1.PNG H4. We assume that after the wave (X) was over the pair started developing Zigzag (Z). Today and in the next trading days we expect the price to keep moving towards 1284.2. Then the asset will reverse down. http://fxbazooka.com/upload/freelanc...il/xauusd2.PNG More: https://fxbazooka.com/en/analitycs/show/8581 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/AUD falling inside minor correction 2 12 April 2016 By: Dmitriy Chernovolov -EUR/AUD falling inside minor correction 2 -Next sell target - 1.4730 EUR/AUD continues to fall inside the minor correction 2 – which started earlier - when the price reversed down from the resistance zone lying between the resistance level 1.5200 (former support level from March, which reversed the previous A-wave, as can be seen below), the upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp intermediate ABC correction (2) from the middle of February. EUR/AUD is likely to fall further in the active wave 2 toward the next sell target at the support level 1.4730 (which has been repeatedly reversing this currency pair from the start of last month). Strong resistance remains at 1.5200. http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8585 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: "Harami" played into the bulls hands 12 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png The market has been rising, which just brought a new high. Previously, the pair got a support on the 21 Moving Average and a “Three Methods” pattern has been formed afterwards. So, the price is likely going to continue moving up, but also there’s an opportunity to see a local correction on the way. At the same time, we’ve got a “High Wave” and a “Hanging Man” on the Daily chart, but they haven’t confirmed yet, so the market can ignore them easily. Under this circumstances, today’s candle is likely going to be a bullish one. http://fxbazooka.com/upload/freelanc...04eurusdH1.png We’ve got an “Engulfing” and a “Harami” on the 55 Moving Average, which led to the current rise and a new high. We've got a possible “Shooting Star”, but it hasn't confirmed yet. So, it’s likely to see a downward correction from the nearest resistance line during the day. Anyway, bulls are still have enough power to resume their rally after the local correction. More: https://fxbazooka.com/en/analitycs/show/8583 |
Re: Market news and trade recommendations by FBS
Forex Analytics
AUD/USD rising inside minor impulse wave (v) 12 April 2016 By: Dmitriy Chernovolov -AUD/USD rising inside minor impulse wave (v) -Next buy targets – 0.7720 and 0.7800 AUD/USD continues to rise inside the minor impulse wave (v) - which started earlier – when the price reversed up from the support zone lying between the support level 0.7500 (which also previously stopped the earlier minor correction (ii)) and the 38.2% Fibonacci correction of the previous upward impulse from the end of February. The active impulse wave (v) belongs to the C-wave of the sharp intermediate ABC correction (2) from January. AUD/USD is likely to rise further in the active impulse waves (v) and C toward the next buy target at the resistance level 0.7720 (top of the previous impulse (iii)) – the breakout of which can lead to further gains toward 0.7800 (intersecting with the resistance trendline of the daily up channel from January, which encloses the active wave (2)). http://fxbazooka.com/upload/freelanc...20Analysis.png More: https://fxbazooka.com/en/analitycs/show/8586 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Trading plan for April 13: beware the Chinese dragon By Kira Iukhtenko US Dollar still remains vulnerable with the USD Index holding below 95 points. Investors remain skeptical about the Fed’s tightening prospects on the April 27 meeting. What’s more, the US currency is hurt by the strong oil market recovery: Brent price broke above 43 dollars on Tuesday. Such а positive market sentiment could be hurt by China’s trade balance on Wednesday – beware the risk. Tomorrow you should also watch US retail sales and PPI: upbeat forecasts pave the ground for a local USD retracement. EUR/USD is consolidating slightly below the 1.1400 mark. On Tuesday, bulls were trying to break this figure to the upside, but faced strong resistance at 1.1460. In the medium term, we expect the US Dollar to extend the upside, but the 1.1450/1.1510 area is a hard nut to crack. Key support – 1.1350. GBP/USD has also pushed to the upside on strong UK labor market figures, but was capped by 1.4350. You may see a long-legged candle being formed on the daily chart. The 55-day MA is now acting as a resistance, so we expect the pair to retest 1.4050 in the coming sessions. As for USD/JPY, a local double bottom is being formed here with a neckline at 108.40. Correction could extend to 109.00. What’s more, the USD/CAD pair is worth observing these days. Bears are dominating for a third consecutive day. Break below the strong support at 1.2800 (March highs) would pave the ground for more downside. Bank of Canada is scheduled to meet on Wednesday – negative comments about the CAD’s strength could become a temporary risk for our bearish forecast. More: https://fxbazooka.com/en/analitycs/show/8589 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: "Three Methods" helped to bears 13 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png Despite of a “Shooting Star” and an “Engulfing” at the last high, the current decline looks like just a local correction. The price has reached the 55 Moving Average, which could act as a support, so a small bullish movement is a likely possible in the next few hours. Anyway, the main target for bears is the nearest “Window”. As we can see on the Daily chart, there’re a “High Wave” and a “Doji”, which both have been confirmed, so today’s candle is likely going to be a black one. http://fxbazooka.com/upload/freelanc...04eurusdH1.png We’ve got a very bearish “Shooting Star” with a quite long shadow, which led to the current downward movement. The price found a lodgement under the Moving Average lines. We don't have any reversal patterns so far, but the market is likely going to taste the 144 Moving Average once again. If a pullback from this line happens, it's be a chance for bears to deliver a new low. More: https://fxbazooka.com/en/analitycs/show/8602 |
Re: Market news and trade recommendations by FBS
Forex Analytics
USD/JPY: "Window" made a good job 13 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04usdjpyH4.png The pair has been rising since a lot of reversal patterns were formed on the nearest “Window”. So, the market is likely going to reach the 34 Moving Average. As we can see on the Daily chart, there're an “Inverted Hammer” and a “Doji” at the last low, which both were confirmed by yesterday’s white candle. So, today’s candle is probably going to be a white as well. http://fxbazooka.com/upload/freelanc...04usdjpyH1.png Anyway, the current rise could be just a correctional part of the main bearish trend. The price reached the 89 Moving Average, which could act as a resistance. Considering that we haven't got any bearish reversal patterns so far, it's possible to see just a local downward movement and a new intraday high afterwards. More: https://fxbazooka.com/en/analitycs/show/8603 |
Re: Market news and trade recommendations by FBS
Forex Analytics
Forex trading plan for April 14 13 April 2016 By Elizabeth Belugina Chinese trade balance have diminished traders’ concerns about the economic outlook for Asian and global economy. Even the reduction in the IMF’s world growth forecast didn’t seem important in these circumstances. US dollar index reversed up and has potential for further growth. Although American retail sales came below forecast, the previous reading was revised to the upside. US inflation data is due at 12:30 GMT on Thursday, the forecast is rather good. European currency breached support levels versus US dollar and British pound. The euro area’s industrial production fell by 0.8% in February, making the biggest decline in 18 months. The region will release March inflation figures at 09:00 GMT. Focus on support at 1.1260 and 1.1210/00 for EUR/USD. The next important level is at 1.1140. Resistance is at 1.1330 и 1.1385. GBP/USD was very volatile in the 1.4200/1.4300 area. British pound is positively reacting to oil prices growth. Yet, the results of the Bank of England’s meeting are due at 11:00 GMT on Thursday. No changes in the regulator’s policy and no hawkish statements are expected. Support is at 1.4170 and 1.4050, while resistance is at 1.4350 and 1.4400. USD/JPY managed to recover as the market’s risk sentiment improved. The pair may test resistance at 109.50 and 110.00, by the way up won't be easy. Support is at 108.50. AUD/USD once again tested levels above 0.7700. There was a bearish engulfing at H4, so Aussie is vulnerable for decline to 0.7630/00. Australia will release labor market data at 00:30 GMT. The forecast is mixed. More: https://fxbazooka.com/en/analitycs/show/8605 |
forex metatrader forum
FreshForex is a reliable broker for your profitable trading. These are not just words — get the proof!
For 11 years we've been helping each trader to trade in Forex market 10 minutes for withdrawal of your funds in our company 102 trading instruments for getting profit including currency pairs and contracts for difference 0% commission on deposit and withdrawal 15 most popular payment methods 0,05 seconds — the promptest execution of trades 101% is our bonus for the first deposit $0 — no minimal deposit even for ECN-account 0 pips are the swops on Sawp Free accounts for long-termed trade $10 — you can return for losing trades $20 from each lot — you won't find a better offer on partnership program 24/5 — our client support is at your service We always have something to offer our clients: promotions, bonuses and contests with real prizes. Watch all the information you are interested in on our web site. Do not doubt your choice – open an account in FreshForex company and these digits will start working for you. Welcome to freshforex.com! |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: bears ripped the "Rectangle" to shreds 14 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-EUR-H4.png The market was trading in a flat for two weeks, which finally led to the current decline. There’s a reversal “Triple Top” pattern, so the pair is likely going to reach a support 1.1217 – 1.1188. If we see a pullback from this area, bulls will have a chance to achieve a resistance area between the 55 Moving Average and the level at 1.1273. http://fxbazooka.com/upload/freelanc...016-EUR-H1.png As we can see on the one-hour chart, the price movement in a range of the “Rectangle” pattern was finally ended by the strong bearish rally. The price faced a support at 1.1259, so currently we’ve got a local upward correction. If the pair gets a resistance at 1.1284, a decline will likely continue towards a support at 1.1237 – 1.1219. More: https://fxbazooka.com/en/analitycs/show/8607 |
Re: Market news and trade recommendations by FBS
Forex Analytics
GBP/USD: "Thorn" made bears come back 14 April 2016 Sergey Logachev http://fxbazooka.com/upload/freelanc...016-GBP-H4.png We've got a “Thorn” on the upper resistance zone, which led to the current decline. The market is going to face a support at 1.4117, so if bears won’t have any issues with this level, we should keep an eye on the nearest support at 1.4052. If a pullback happens afterwards, it’ll be a chance to see an upward correction. http://fxbazooka.com/upload/freelanc...016-GBP-H1.png There’s a “Triple Top”, which brought bears to the market. The price faced a support at 1.4140, so an upward correction becomes possible. If the pair gets a resistance at 1.4156 – 1.4170, bears are likely going to deliver a new low. More: https://fxbazooka.com/en/analitycs/show/8609 |
Re: Market news and trade recommendations by FBS
Forex Analytics
EUR/USD: the stroke of a "Hammer" 14 April 2016 Galina Svetlova http://fxbazooka.com/upload/freelanc...04eurusdH4.png There’re a “Shooting Star” and an “Engulfing”at the last high, which have been confirmed. The price reached the nearest “Window”, so in case of a possible pullback from here, it’ll be a chance to see an upward correction. As we can see on the Daily chart, candles at the last high look like a “Tower” pattern. So, the market is likely going to decline during the day. http://fxbazooka.com/upload/freelanc...04eurusdH1.png The price has found a lodgement under the Moving Average lines. There's a “Hammer” on the nearest support line, but it hasn't confirmed yet. So, it’s possible to see a bullish correction towards the last “Three Methods” pattern in the short term. More: https://fxbazooka.com/en/analitycs/show/8613 |
| All times are GMT. The time now is 05:56. |
Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2026, vBulletin Solutions, Inc.