|
Re: Market news and trade recommendations by FBS
GBP/USD: trade with pundits of currency market
9/14/2016 You want to snatch a round sum of money, but remain hesitant on what to bet. We are ready to give you some guts. Let’s look at GBP/USD exchange rate forecasts from some forex market majors. The UOB (United Overseas Bank Limited) has recently opened a short position against the pound with a target for a move to the late August low of 1,3060. CITI, being on the same page with the UOB, has also expressed its bearish expectations towards the GBP/USD currency pair movement, taking up a short position from 1,3186 with a target at 1,200 and defining a stop at 1,3340. Société Générale decided to stay on track with its colleagues and placed a bet on a drop in the pound having opened a long position from 1,3750 with a target at 1,2500. SocGen explained “en detail” a rationale behind its decision. The process of untangling of the UK from the EU will take much time. And this negatively affects the pound. https://new.fxbazooka.com/img/articles/10463/Banks.png More: https://new.fxbazooka.com/analytics/10463 |
Re: Market news and trade recommendations by FBS
AUD/USD falling inside intermediate impulse wave (3)
9/14/2016 AUD/USD falling inside intermediate impulse wave (3) Next sell target - 0.7410 AUD/USD recently reversed down sharply from the strong resistance zone lying between the resistance levels 0.7700, 0.7800, upper weekly Bollinger Band and the 61.8% Fibonacci retracement level of the earlier sharp downward impulse from the start of 2015, as can be seen below. The downward reversal from this resistance zone created the weekly Japanese candlesticks reversal pattern Shooting Star (highlighted below). AUD/USD is expected to fall down further in the active intermediate impulse wave (3) toward the next sell target at the support level 0.7410 (low of the previous B-wave from July). https://new.fxbazooka.com/img/articl...M_(1_week).png More: https://new.fxbazooka.com/analytics/10464 |
Re: Market news and trade recommendations by FBS
AUD/NZD reversed from resistance level 1.0310
9/14/2016 AUD/NZD reversed from resistance level 1.0310 Next sell target - 1.0200 AUD/NZD continues to decline – after the earlier downward reversal from the resistance level 1.0310 (former powerful support level which stopped the previous intermediate impulse wave (1) in July, as can be seen below). The downward reversal from the resistance level 1.0310 continues the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) of the primary downward impulse ③ from March. AUD/NZD is expected to continue the downward movement toward the next sell target at the support level 1.0200 (target price for the completion of the active minor impulse wave 3). https://new.fxbazooka.com/img/articl...PM_(1_day).png More: https://new.fxbazooka.com/analytics/10465 |
Re: Market news and trade recommendations by FBS
EUR/USD: "triangle" going to end
9/14/2016 https://new.fxbazooka.com/img/articl...4154707001.png There’s a possible triangle in wave [x], so bears are likely going to deliver wave [y] of D. Previously, we’ve got a pullback from 5/8 Murrey Math Level (P=200). So, we should keep an eye on 1/8 MM Level as a possible intraday target. https://new.fxbazooka.com/img/articl...4154707002.png As we can see on the one-hour chart, here’s a zigzag in wave (e) of [x]. Therefore, if the pair finds a lodgement under 3/8 MM Level, there’ll be an opportunity to have another decline towards 1/8 MM Level. More: https://new.fxbazooka.com/analytics/10467 |
Re: Market news and trade recommendations by FBS
SNB in pursuit of relief from the strong currency curse
9/14/2016 Anyone feeling disappointed about the ECB’s decision to leave its interest rates unchanged may skip the Swiss National Bank’s quarterly policy assessment scheduled for this Thursday with an easy mind. Economists expect the SNB’s interest rate to remain steady at minus 0.75 percent, the most negative in the world. The SNB’s main objective of protecting the franc from extreme appreciation in relation to euro has become proverbial. For many years the Swiss National Bank didn’t take any actions to change its monetary policy, sticking to its commitment to limit the value of the franc against the euro. If there is a crisis, the SNB’s clients knew for sure that their assets will be safe. https://new.fxbazooka.com/img/articl...ssAug23(3).png A thunderstorm erupted in January last year when the SNB officials decided to provide an economic stimulus to the Swiss economy by pushing its main policy interest rate into negative territory. This decision, although being controversial for the central bank of Switzerland, actually did its work (the country’s GDP expanded 0.6 % this year – the greatest pace since 2014). The affluent state’s financial system remained undamaged. In fact, it still functions at its full capacity – people keep their assets on the bank accounts and don’t try the old proven method of saving money under mattresses. Nowadays, Swiss franc trades without significant fluctuations versus dollar and euro and its volatility remains slow. Even though the overall equilibrium is maintained, the SNB failed to find a proper way of avoiding the negative effect of interest rates on the pensions and insurance industry. The debates about the acceptability of policy of low interest rate are still unfinished. But, at the same time, nobody knows how the Swiss economy will react if the SNB decides to return to positive interest rates. Therefore, we may be sure that the SNB will justify its decision to keep rates on hold this Thursday. More: https://new.fxbazooka.com/analytics/10468 |
Re: Market news and trade recommendations by FBS
Key option levels for Wednesday, September 14th
9/14/2016 EUR/USD https://new.fxbazooka.com/img/articl...EURUSD(32).png Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 111 822 ↑ + 171 580 ↑ Closest resistance levels 1.1269; 1.1300/16; 1.1338; 1.1364 Closest support levels 1.1207; 1.1188; 1.1164; 1.1135 Trading recommendations Baseline scenario Short EUR/USD below 1.1207, with target points at 1.1188 and 1.1164 Alternative scenario Moving above 1.1269 can be considered as a signal to Buy the pair, with target at 1.1300 and 1.1338 USD/JPY https://new.fxbazooka.com/img/articl...USDJPY(32).png Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 1 259 ↑ + 1 780 ↑ Closest resistance levels 102.98; 103.30; 103.50; 103.73 Closest support levels 102.12; 101.79; 101.51; 101.13 Trading recommendations Baseline scenario Short USD/JPY below 102.12, with target points at 101.79 and 101.51 Alternative scenario Moving above 102.98 can be considered as a signal to Buy the pair, with target at 103.30 and 103.50 More: https://new.fxbazooka.com/analytics/10469 |
Re: Market news and trade recommendations by FBS
GBP/JPY & BoE Meeting: Will we see a rebound or a trend line's breakout?
9/15/2016 Today at 11:00 GMT we'll have the BoE interest rate decision and analysts are not expecting a rate cut by the central bank, but the uncertainty is there because the Brexit's shadow is still around and there are still questions by the people about the future of British economy for coming months. Also, the BoE MPC members will hold their latest meeting of the year, as they will stop doing monthly meetings. If we see a rate cut, most probably the Sterling will test new lows across the board. Our technical picture for GBP/JPY at H4 chart is still showing a bullish cycle that respects the bullish trend line projected from the August 16th low. Currently, a resistance can be highlighted at the 136.97 level, where the sellers could push lower to the pair. During the meeting, we may see a breakout of that trend line and if that happens, then the next target would be the support level of 133.68. https://new.fxbazooka.com/img/articl...0/GBPJPYH4.png More: https://new.fxbazooka.com/img/articl...0/GBPJPYH4.png |
Re: Market news and trade recommendations by FBS
EUR/USD: in the consolidation around the Cloud
9/15/2016 Technical levels: support – 1.1240; resistance – 1.1260 Trade recommendations: 1. Buy — 1.1260; SL — 1.1240; TP1 — 1.1320; TP2 – 1.1380. 2. Sell — 1.1230; SL — 1.1250; TP1 — 1.1150; TP2 – 1.1110. Reason: the prices are located near the Cloud; a cancelled dead cross of Tenkan-sen and Kijun-sen; the Ichimoku Cloud had changed its character. https://new.fxbazooka.com/img/articl...rusdh4(37).png More: https://new.fxbazooka.com/analytics/10471 |
Re: Market news and trade recommendations by FBS
GBP/USD: stayed inside a Cloud
9/15/2016 Technical levels: support – 1.3235; resistance – 1.3260, 1.3360. Trade recommendations: 1. Buy — 1.3230; SL — 1.3210; TP1 — 1.3320; TP2 — 1.3360. Reason: a new dead cross of Tenkan-sen and Kijun-sen, but the bullish mood of Ichimoku Cloud is keeping; a strong support of Senkou Span B. https://new.fxbazooka.com/img/articl...pusdh4(19).png More: https://new.fxbazooka.com/analytics/10472 |
Re: Market news and trade recommendations by FBS
GBP/USD: bears have set a trap
9/15/2016 On the daily GBP/USD chart the bulls made another attempt to return the prices inside the bullish trend channel. If it is successful, the risks of growth to 1.331 and 1.335 qill increase. Recoil from diagonal resistance and the following successful test of support at 1.3225 will make the pound decline towards 1.3155 and 1.3085. https://new.fxbazooka.com/img/articl...5_07_59_28.png On H1 GBP/USD the break of the upper border of the descending trend will strengthen the case for the "Bat" pattern. When its 88.6% (1.3325) target is reached, there will be a sell signal. https://new.fxbazooka.com/img/articl...5_07_59_43.png Recommendation: SELL 1,3225 TP1 1,3155 TP2 1,3085 SL 1,331 SELL 1,3325 TP1 1,3225 TP2 1,3155 SL 1,3395 More: https://new.fxbazooka.com/analytics/10473 |
Re: Market news and trade recommendations by FBS
[B]AUD/USD: on the SSA support[/B}
9/15/2016 Technical levels: support – 0.7450; resistance – 0.7520. Trade recommendations: 1. Buy — 0.7450/60; SL — 0.7430; TP1 — 0.7520; TP2 — 0.7580. Reason: a support of Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; a bullish Ichimoku Cloud. https://new.fxbazooka.com/img/articl...dusdh4(19).png More: https://new.fxbazooka.com/analytics/10474[B] |
Re: Market news and trade recommendations by FBS
[B]AUD/USD: on the SSA support[/B}
9/15/2016 Technical levels: support – 0.7450; resistance – 0.7520. Trade recommendations: 1. Buy — 0.7450/60; SL — 0.7430; TP1 — 0.7520; TP2 — 0.7580. Reason: a support of Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; a bullish Ichimoku Cloud. https://new.fxbazooka.com/img/articl...dusdh4(19).png More: https://new.fxbazooka.com/analytics/10474[B] |
Re: Market news and trade recommendations by FBS
EUR/USD: price going up and down like an yo-yo
9/15/2016 https://new.fxbazooka.com/img/articl...016-EUR-H4.png There’s a consolidation, which is taking place between the 89 Moving Average and the nearest resistance at 1.1270. Therefore, the market is likely going to get a support at 1.1220 – 1.1196 in the short term. However, if a pullback from this area happens, there’ll be an opportunity to have a bullish movement towards a resistance at 1.1270 – 1.1282. https://new.fxbazooka.com/img/articl...016-EUR-H1.png The price faced a resistance at 1.1270, which led to form a “V-Top” pattern, so bears are likely going to reach the 89 Moving Average shortly. At the same time, if we see a pullback from this line, bulls will probably try to achieve a resistance at 1.1270 – 1.1282. More: https://new.fxbazooka.com/analytics/10476 |
Re: Market news and trade recommendations by FBS
GBP/USD: "V-Bottom" set up bullish correction
9/15/2016 https://new.fxbazooka.com/img/articl...016-GBP-H4.png The pair found a support at 1.3115, so we’ve got a “Double Bottom” pattern here. Considering a resistance at 1.3277, the market is likely going to reach the 89 Moving Average during the day. Nevertheless, if a pullback from this line takes place, bulls will probably try to deliver an upward movement in the direction of the next resistance at 1.3303 – 1.3345. https://new.fxbazooka.com/img/articl...016-GBP-H1.png There’s a “V-Bottom” pattern, which led to a local upward price movement. So, there’s an opportunity to see a bearish correction towards a support at 1.3234 – 1.3209. Meanwhile, if a pullback from these levels be on the table, an achievement of the closest resistance at 1.3277 – 1.3302 becomes possible. More: https://new.fxbazooka.com/analytics/10477 |
Re: Market news and trade recommendations by FBS
How to trade on SNB? Hints from major banks
9/15/2016 The Swiss National Bank will announce its policy decision at 07:30 GMT. The central bank is expected to keep its benchmark rate unchanged at -0.75%. Below you will find how the analysts recommend to trade on this event. Morgan Stanley: Markets are pricing in the dovish SNB and a December rate cut, but this won’t happen. Sell CAD/CHF and AUD/CHF, buy CHF/JPY. Barclays: The lack of volatility after Brexit and some improvement in Swiss economic figures removed the pressure on the SNB to act further easing monetary policy. The central bank’s meeting will be neutral for EUR/CHF. Credit Agricole: Swiss franc is overvalued, so the SNB won’t be dovish. EUR/CHF will remain supported. More: https://new.fxbazooka.com/analytics/10478 |
Re: Market news and trade recommendations by FBS
GBP exchange rate forecast from some big stakeholders before the BoE meeting
9/15/2016 Today everybody’s attention will be focused on the meeting of the Bank of England. The majority of economists believe that the BOE will keep its benchmark interest rate steady after cutting it to 0.25% last month and that will be a pretty good news for pound. A package of recent data on retail sales, manufacturing and the labor market shows us that the UK economy managed to shrug off the unexpected result of Brexit vote in June. The next cut in interest rates is expected in November. Some big stakeholders like Credit Suisse and Credit Agricole are positive about the pound’s perspectives. There is a strong rationale behind their confidence in the pound’s uplift. There is no need for the Monetary Policy Committee to be any more dovish than the market is already pricing in for the last months of this year (strategy “sell the rumor, buy the fact” does work). Moreover, the BOE might be willing to save ammunition for rugged times – an actual “Brexit”. Therefore, the pound will unlikely face a considerable downfall from the current levels. Barclays, as its aforementioned colleagues, doesn’t expect any changes in the MPC’s monetary policy settings today. The Barclays experts expect the Committee members vote in favor of the status quo of the current APF, but remains uncertain about the Gertjan Vlieghe’s vote saying that he is apt to vote for a cut. The Barclays officials have also mentioned that the minutes can make it evident for the Treasury Select Committee that some the MPC members are open towards further package of easing measures. This should make downside risks to the economy materialize and might be keeping GBP/USD under pressure. That’s why they chose to target GBP/USD at 1.27 by the end of this year. More: https://new.fxbazooka.com/analytics/10482 |
Re: Market news and trade recommendations by FBS
EUR/USD: "Harami" cause bullish movement
9/15/2016 https://new.fxbazooka.com/img/articl...09eurusdh4.png There’s a strong support by the Moving Averages, so we’ve got a “Doji” pattern, which has been confirmed. Therefore, the market is likely going to reach the closest resistance in the short term. If we see a pullback from this line, there’ll be a chance to have another decline. Also, there’s a new bullish candle on the Daily chart, so bulls are probably going to test the nearest resistance once again. https://new.fxbazooka.com/img/articl...09eurusdh1.png We’ve got a consolidation, but there’s a “Harami” at the local low, which has been confirmed strongly. In this case, it’s likely that the pair is going to achieve the nearest resistance once again during the day. If a pullback from this level happens, there’ll be an opportunity to have a decline towards the lower “Window”. More: https://new.fxbazooka.com/analytics/10483 |
Re: Market news and trade recommendations by FBS
USD/JPY: "Window" going to act as a support once again
9/15/2016 https://new.fxbazooka.com/img/articl...09usdjpyH4.png There’s a “Shooting Star” at the local high, which has a confirmation, so the price is likely going to test nearest “Window”. If we see a pullback from it, there’ll be an opportunity to have another upward movement. As we can see on the Daily chart, here’s another “Shooting Star”, so the price couldn’t close above the middle of the last huge black candle. In this case, there’s a chance to have a local decline. https://new.fxbazooka.com/img/articl...09usdjpyH1.png We’ve got a “High Wave” and a “Three White Soldiers” on the lower “Window”. However, there’s a bearish “Harami”, so the price is likely going to test the “Window” once again during the day. If we have the second pullback from this level, bulls will likely try to reach the 34 Moving Average. More: https://new.fxbazooka.com/analytics/10484 |
Re: Market news and trade recommendations by FBS
EUR/CAD rising inside minor impulse wave (iii)
9/15/2016 EUR/CAD rising inside minor impulse wave (iii) Next buy target - 1.5000 EUR/CAD continues to rise inside the minor impulse wave (iii) – which belongs to the impulse wave 3 of the sharp intermediate impulse wave (C) from the end of April. The price earlier broke through the resistance level 1.4670 (which reversed the previous waves (i) and (b). The breakout of the resistance level 1.4670 accelerated the active impulse wave 3- which then broke above the next resistance level 1.4800 (top of impulse wave 1 from May). EUR/CAD is expected to rise further in the direction of the next buy target at the round resistance level 1.5000 (which stopped and reversed the previous sharp B-wave in April, as can be seen below). https://new.fxbazooka.com/img/articl...PM_(1_day).png More: https://new.fxbazooka.com/analytics/10485 |
Re: Market news and trade recommendations by FBS
AUD/CHF reversed from support zone
9/15/2016 AUD/CHF reversed from support zone Next buy target - 0.7400 AUD/CHF recently reversed up from the support zone lying between the support level 0.7270 (which reversed earlier waves (a) and 2, as can be seen from the daily AUD/CHF chart below), lower daily Bollinger Band and the 50% Fibonacci correction level of the earlier sharp upward impulse from the middle of June. The upward reversal from this support zone completed the previous minor ABC correction (ii). Given the strength of the support level 0.7270 - AUD/CHF is expected to continue to rise toward the next buy target at the resistance level 0.7400. Buy stop-loss can be placed at half the daily ATR (Average True Range) below the aforementioned support level 0.7270. https://new.fxbazooka.com/img/articl...PM_(1_day).png More: https://new.fxbazooka.com/analytics/10486 |
Re: Market news and trade recommendations by FBS
[B]EUR/USD: "triangle" is on the eve of completion[/URL]
9/15/2016 https://new.fxbazooka.com/img/articl...5144629001.png There’s a possible triangle in wave [x], so if we see a pullback from the upper side of this pattern, bears are likely going to deliver wave [y] of D. Therefore, we should keep an eye on 1/8 Murrey Math Level (P=200) as a possible intraday target. https://new.fxbazooka.com/img/articl...5144629002.png As we can see on the one-hour chart, we’ve got a zigzag in wave (d). In this case, wave (e) is likely going to end soon. If we have a pullback from 5/8 MM Level, then there’ll be an open door for wave (a). More: https://new.fxbazooka.com/analytics/10487 |
Re: Market news and trade recommendations by FBS
Key option levels for Thursday, September 15th
9/15/2016 EUR/USD https://new.fxbazooka.com/img/articl...EURUSD(33).png Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 149 405 ? + 113 570 ? Closest resistance levels 1.1306; 1.1329/42; 1.1360; 1.1383 Closest support levels 1.1234; 1.1211; 1.1183; 1.1151 Trading recommendations Baseline scenario Short EUR/USD below 1.1234, with target points at 1.1211 and 1.1183 Alternative scenario Moving above 1.1306 can be considered as a signal to Buy the pair, with target at 1.1329 and 1.1360 GBP/USD https://new.fxbazooka.com/img/articl...GBPUSD(33).png Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 1 289 ? + 803 ? Closest resistance levels 1.3287; 1.3320; 1.3355; 1.3378 Closest support levels 1.3174; 1.3154; 1.3129; 1.3102 Trading recommendations Baseline scenario Short GBP/USD below 1.3174, with target points at 1.3154 and 1.3129 Alternative scenario Moving above 1.3287 can be considered as a signal to Buy the pair, with target at 1.3320 and 1.3355 USD/CAD https://new.fxbazooka.com/img/articl...USDCAD(30).png Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 1 036? + 1 255 ? Closest resistance levels 1.3210; 1.3238; 1.3264; 1.3300 Closest support levels 1.3173; 1.3125; 1.3094; 1.3053 Trading recommendations Baseline scenario Long USD/CAD above 1.3210, with the target points at 1.3238 and 1.3264 Alternative scenario Moving below 1.3173 can be considered as a signal to sell the pair, with target at 1.3125 and 1.3094 EUR GBP CAD More: https://new.fxbazooka.com/analytics/10488 |
Re: Market news and trade recommendations by FBS
Top 6 best candlestick reversal patterns
9/15/2016 Eastern wisdom gained iconic status in Western countries. Some people addressed to Eastern thinkers in order to purge themselves from sins and deepen their spirituality, while others learnt how to make money. That’s the case of Japanese candle chart analysis now used internationally by traders. One of the main advantages of using candle charts is that they provide you with early indications of market reversals. To be able to recognize these trading signals, you should memorize the main candlestick patterns. Harami and Engulfing candlestick Let’s refer to my favorite reversal pattern – Harami. From old Japanese “harami” means pregnant. The bigger candlestick is the mother, and the smaller one is the baby. The body of the baby must lie within the body of its mother. https://new.fxbazooka.com/img/articl...354x396(1).png Their position tells us that the market has come to a muted reversal. You may ask: “Ok, and how do we trade it?” In a bull trend, we should use the bullish Harami to define the end of the ascending trend. In a bear trend, you have to use the bearish Harami to designate the end of the bullish retracement. The next popular trend is called engulfing candlestick. It is the opposite of Harami pattern flipped horizontally. The body of the second candle entirely engulfs the body of the first. The engulfing candlestick is a reversal of a downward trend; it demonstrates how the sellers were overpowered by the buyers. Trading signals. In case of a bull trend, you should buy above the bullish engulfing pattern for bullish continuation. If there is bear trend, sell below the bearish engulfing pattern for bearish continuation. Hammer and Hanging Man candlesticks Well, let me put it bluntly, these two patterns look exactly the same. Their body is located near the top of the candlestick, and their shadow is much longer than their body. The difference between the hammer and the hanging man is following: the hammer pattern can be identified at the very end of the downward trend line (it is a strong bullish signal), while the hanging man appears at the end of a bull run (roughly speaking, the suffocation of the hanging man signifies the beginning of the bearish trend). https://new.fxbazooka.com/img/articl...le-354x396.png https://new.fxbazooka.com/img/articl...le-705x396.png Trading signals. If there is a downward trend, we should buy above the hammer pattern for a reversal play. In case of a bullish trend, we should sell below the Hanging Man pattern for a reversal play as soon as the bears consolidate their positions. Piercing Line and Dark Cloud Cover The first candle of the Piercing line pattern is bearish, while the second one is bullish. It opens below the wick of the first candlestick and closes above the 50% of the first candle’s body. Both bodies are long enough. https://new.fxbazooka.com/img/articl...le-347x396.png The Dark cloud cover is a bearish version of the Piercing line. The first candlestick is bullish. The second one opens above the higher ending of the wick of the first candlestick and closes below the mid-point of the first candlestick. 2. Inverted Hammer and Shooting star. The Inverted hammer has the same shape as the Shooting star. But they designate the beginning of two different trends. When an Inverted Hammer is found at the end of a downtrend, a Shooting star is placed at the end of the uptrend. https://new.fxbazooka.com/img/articl...le-354x396.png Trading signals. In a downtrend, you should buy above the Inverted Hammer pattern for a reversal play once “bullies” win back their lost position and consolidate them. And in a bull trend, it’s better to sell below the Shooting star pattern for a reversal play. Morning and Evening Stars These ones have three bars. A Morning star consists of a long bearish candlestick, a candle below it (no matter which one, it could bearish or bullish one) and a bullish candlestick that closes within the body of the first candlestick of the same pattern. https://new.fxbazooka.com/img/articl...le-354x396.png https://new.fxbazooka.com/img/articl...le-705x396.png An evening star consists of a long bullish candlestick, a star above it (either bullish or bearish) and a bearish candlestick closing within the body of the first candlestick. Trading signals are following: buy above the last candlestick of Morning star three-bar pattern and sell below the las bar of the Evening start formation. Three White Soldiers and Three Black Crowns It’s a sort of an ascending ladder, each candlestick embodies a staircase. All three part of this pattern have almost the same size with a little deviation. After we pass three staircases, we may be sure that the bullish trend is growing in strength. https://new.fxbazooka.com/img/articl...le-354x396.png https://new.fxbazooka.com/img/articl...703x396(2).png The Three Black Crows pattern reminds a descending ladder. Each of the three candlesticks in this pattern should open within the previous candle body and close near its ending. If three crows flew in the “window” (appear on the graph), the bearish trend is on the lookout. Trading signals: you should buy above the Three White Soldiers pattern and sell below the Three Black Crowns. More: https://new.fxbazooka.com/analytics/10489 |
Re: Market news and trade recommendations by FBS
EUR/USD & US Core CPI: Further declines ahead of Fed meeting?
9/16/2016 Today at 12:30 GMT will be released the US Core CPI for August and market's analysts are expecting a slight increase from 0.1% to 0.2% and with that scenario, we shouldn't expect more volatility during the event, following the mixed data published yesterday in the United States, with retail sales more contracted than expected, while the industrial production declined. However, because it's Friday, we should pay attention to that data, as we may get surprises. The technical picture for EUR/USD at H4 chart is showing an overall bullish structure above the 200 SMA, as it remains supported by that indicator. Also, the level of 1.1210 is providing a good pivot point for the pair and if we see fresh momentum in coming hours that favours the bulls, then it can rally to the 1.1339 level, only if EUR/USD manages to break the 1.1275 level. https://new.fxbazooka.com/img/articl...RUSDH4(21).png More: https://new.fxbazooka.com/analytics/10490 |
Re: Market news and trade recommendations by FBS
USD/JPY: bears gather strenght for attack
9/16/2016 On the USD/JPY daily chart the "bull" failure to break through the upper limit of the long-term downtrend trade channel and the level of 23.6% Fibonacci from the wave XA (103,18) shows us their weakness. Successful test of the 101.3 support line will create prerequisites for the further movement of the peak towards 100-100,7 (Target 88.6% on the pattern of the Bat). https://new.fxbazooka.com/img/articl...6_07_19_08.png On the USD/JPY hourly chart successful test of the 101.3 support activates pattern "Shark." Its target at 161.8% corresponds to the 100.1 level. The nearest significant resistance lies near the 102.85 level. [IMG]https://new.fxbazooka.com/img/articles/10491/Screenshot_2016_09_16_07_19_25.png[/MG] Recommendation: SELL 101,3 TP100,1 SL 101,95. More: https://new.fxbazooka.com/analytics/10491 |
Re: Market news and trade recommendations by FBS
NZD/USD: QIWI found support from the big fish
9/16/2016 On the NZD/USD daily chart heavy buyer showed his strength near the level of 0.7245. Successful "bear" attack on his position, followed by a break of the correction low at point B (0,7205) activates the pattern "Shark" with 0.7 (88.6%) target. https://new.fxbazooka.com/img/articl...6_07_28_53.png On the NZD/USD hourly chart a double bottom has been formed at the level of the lower border of the rising trade channel. Successful test of the 0.7245 support will create the prerequisites for the further upward movement in the peak towards 0.715 and 0,705-0,7065. The nearest significant resistance lies near 0.736 boundary. https://new.fxbazooka.com/img/articl...6_07_29_06.png Recommendation: SELL 0,7245 TP1 0,715 TP2 0,7065 SL 0,73. More: https://new.fxbazooka.com/analytics/10492 |
Re: Market news and trade recommendations by FBS
AUD/USD: SSA had stopped the Bears
9/16/2016 Technical levels: support – 0.7490, 0.7450; resistance – 0.7520. Trade recommendations: 1. Buy — 0.7490; SL — 0.7470; TP1 — 0.7550; TP2 — 0.7580. Reason: a support of Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen and narrowing channel of Tenkan-Kijun; a bullish Ichimoku Cloud. https://new.fxbazooka.com/img/articl...dusdh4(20).png More: https://new.fxbazooka.com/analytics/10493 |
Re: Market news and trade recommendations by FBS
USD/JPY: welcome back to SSB
9/16/2016 Technical levels: support – 101.90; resistance – 102.40, 102.90. Trade recommendations: 1. Sell — 101.90; SL — 102.10; TP1 — 101.10; TP2 — 100.60. 2. Buy — 102.20; SL — 102.00; TP1 — 102.90; TP2 — 103.50. Reason: a bullish, but the narrow Ichimoku Cloud; a cancelled golden cross of Tenkan-sen, Kijun-sen; a strong support of Senkou Span B. https://new.fxbazooka.com/img/articl...djpyh4(26).png More: https://new.fxbazooka.com/analytics/10494 |
Re: Market news and trade recommendations by FBS
Key option levels for Friday, September 16th
9/16/2016 EUR/USD https://new.fxbazooka.com/img/articl...EURUSD(34).png Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 304 400 ? + 148 412 ? Closest resistance levels 1.1295; 1.1319; 1.1351; 1.1374 Closest support levels 1.1233; 1.1211; 1.1184; 1.1152 Trading recommendations Baseline scenario (High risk of reversal) Short EUR/USD below 1.1233, with target points at 1.1211 and 1.1184 Alternative scenario Moving above 1.1295 can be considered as a signal to Buy the pair, with target at 1.1319 and 1.1351 GBP/USD https://new.fxbazooka.com/img/articl...GBPUSD(34).png Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 659 ? + 261 ? Closest resistance levels 1.3283; 1.3314; 1.3346; 1.3367 Closest support levels 1.3228; 1.3204/88; 1.3167; 1.3143 Trading recommendations Baseline scenario Short GBP/USD below 1.3228, with target points at 1.3204 and 1.3167 Alternative scenario Moving above 1.3283 can be considered as a signal to Buy the pair, with target at 1.3314 and 1.3346 USD/JPY https://new.fxbazooka.com/img/articl...USDJPY(33).png Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 572 ? + 453 ? Closest resistance levels 102.21; 102.46; 102.82; 103.05 Closest support levels 101.68; 101.47; 101.26; 100.95 Trading recommendations Baseline scenario Short USD/JPY below 101.68, with target points at 101.47 and 101.26 Alternative scenario Moving above 102.21 can be considered as a signal to Buy the pair, with target at 102.46 and 102.82 USD/CAD https://new.fxbazooka.com/img/articl...USDCAD(31).png Main trend Short-term period Medium-term period Bullish Bullish Changes in the open interest + 420 ? + 738 ? Closest resistance levels 1.3167; 1.3198; 1.3228; 1.3268 Closest support levels 1.3135; 1.3101; 1.3075; 1.3040 Trading recommendations Baseline scenario Long USD/CAD above 1.3167, with the target points at 1.3198 and 1.3228 Alternative scenario Moving below 1.3135 can be considered as a signal to sell the pair, with target at 1.3101 and 1.3075 More: https://new.fxbazooka.com/analytics/10495 |
Re: Market news and trade recommendations by FBS
EUR/USD: consolidation between "Thorn" and "Double Bottom"
9/16/2016 https://new.fxbazooka.com/img/articl...016-EUR-H4.png The price has been moving between the 89 Moving Average and the nearest resistance at 1.1270. So, the market is likely going to get a support at 1.1196 in the short term. However, if we see a pullback from this level, there’ll be an opportunity to have another upward movement in the direction of the next support at 1.1301. https://new.fxbazooka.com/img/articl...016-EUR-H1.png Bulls faced a resistance at 1.1284, which led to form a “Thorn” pattern, so we’ve got a consolidation near the Moving Averages. Therefore, it’s likely that bears are going to achieve a support at 1.1213 – 1.1198 during the day. At the same time, if a pullback from this area happens, bulls will probably try to get a resistance at 1.1282 – 1.1296. More: https://new.fxbazooka.com/analytics/10497 |
Re: Market news and trade recommendations by FBS
[B]GBP/USD: new local high is coming[/B[
9/16/2016 https://new.fxbazooka.com/img/articl...016-GBP-H4.png We’ve got a consolidation, which is taking place between the levels 1.3277 – 1.3115. So, the market is likely going to decline towards a support on the 89 Moving Average. If bears be stopped here, then there’ll be an opportunity to see an achievement of the nearest resistance at 1.3302. https://new.fxbazooka.com/img/articl...016-GBP-H1.png As we can see on the one-hour chart, there’s a flat under the local downward trend. Therefore, the pair is likely going to get a support at 1.3209 during the day. Considering a possible pullback from this level, there’s a chance to have an achievement of the next resistance at 1.3277 – 1.3302 later on. More: https://new.fxbazooka.com/analytics/10498 |
Re: Market news and trade recommendations by FBS
Why everybody should keep in focus the forthcoming BOJ meeting
9/16/2016 Upcoming BOJ’s decision on interest rate haunts investors and traders. Senior lenders urge Bank of Japan (BOJ) to weigh up its monetary policy of low interest rate saying that it grossly curtails their lending income. This policy is facing ferocious criticism since the negative rates neither reflect on the country’s economic growth nor help to achieve long-cherished inflation rate of 2%. Despite all this pressure and apparent failure of the BOJ’s monetary policy, the bank officials seem to be unable to decide this brainteaser. On the one hand, they cannot give up on their program of financial stimulation of the country’s economy. On the other hand, they face with constant nagging of Japanese financial institutions, crying over their shrinking margins. Mr. Haruhiko Kuroda, a current Governor of BOJ, has recently admitted that monetary policy of low interest rates does harm the Japanese financial sector and puts additional pressure on pension funds. That’s why the BOJ might be opposed to negative interest rates at the forthcoming meeting scheduled for the 21st of September. The BOJ will have to question the credibility of its current financial tools and introduce the new ones. Some economists from proven printing editions believe that the BOJ might be willing to smooth financial losses of the banks by reducing its purchases of longer-term bonds and buy more short-term ones. This decision, in its turn, has caused a tremendous sell-off in JPBs and put even more pressure on investors stricken by the Friday’s stock market downfall. Japan Generic Govt 10 Year https://new.fxbazooka.com/img/articles/10502/jap(2).png USDJPY Spot Exchange Rate https://new.fxbazooka.com/img/articles/10502/jp.png But we encourage you to be positive, since there is a scope for profits on financial markets, if you play on the high volatility of the USD/JPY currency pair next week. More: https://new.fxbazooka.com/analytics/10502 |
Re: Market news and trade recommendations by FBS
EUR/USD: "Three Methods" pushed price lower
9/16/2016 https://new.fxbazooka.com/img/articl...09eurusdh4.png There’re a “Harami” and a “Doji” at the local high, which both have been confirmed. So, it’s likely to see another test of the 89 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to reach the nearest resistance. As we see on the Daily chart, the last candle have been closed under the middle of the previously formed huge white candle, which is a strong bullish sign. So, if we see a pullback from the closest support, there’ll be an opportunity to have another upward movement. [IMG] https://new.fxbazooka.com/img/articles/10503/1609eurusdh1.png[/IMG] We’ve got a consolidation, which brought a “Shooting Star” at the local high. Also, there’s a bearish “Three Methods” pattern. Therefore, the market is likely going to test the nearest support line once again. More: https://new.fxbazooka.com/analytics/10503 |
Re: Market news and trade recommendations by FBS
USD/JPY reversed form resistance zone
9/16/2016 USD/JPY reversed form resistance zone Next sell target - 100.00 USD/JPY continues to decline inside the minor impulse wave 3 – which started previously – wine the pair reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance zone lying between the resistance level 103.00 and the upper resistance trendline of the extended daily down channel from the end of January. The active impulse wave 3 belongs to the intermediate impulse wave (3) of the primary downward impulse ③ from July. USD/JPY is expected to fall down further to the next strong support level 100.00 (which reversed four previous waves ①, (B), (1), B, as can be seen below). https://new.fxbazooka.com/img/articl...1_day)(1).png] More: https://new.fxbazooka.com/analytics/10504 |
Re: Market news and trade recommendations by FBS
EUR/JPY falling inside impulse wave (iii)
9/16/2016 EUR/JPY falling inside impulse wave (iii) Next sell target - 114.00 EUR/JPY recently reversed down from the resistance zone lying between the resistance level 116.00 (which also earlier reversed the previous minor ABC correction (ii)), the upper daily Bollinger Band, 38.2% Fibonacci correction of the earlier downward impulse from April and the lower trendline of the wide weekly down channel from 2015 (acting as resistance now after it was broken). The downward reversal from the aforementioned resistance zone started the active minor impulse wave (iii), which belongs to the impulse wave 3 from the middle of July). EUR/JPY is expected to fall to the next sell target at the support level 114.00. https://new.fxbazooka.com/img/articl...PM_(1_day).png More: https://new.fxbazooka.com/analytics/10505 |
Re: Market news and trade recommendations by FBS
Oil prices: so, we fall again]
9/16/2016 Major oil producers are pulling in their belts as Nigeria and Libya whose supplies have been crushed by a range of domestic conflicts are preparing to add their share of barrels to a global oil glut within weeks. The belts will be pulled even tighter when another large producer – the Kashagan, dubbed as “cash-all-gone” due to series of expensive overruns, is going to pour more oil into the markets. OPEC low-cost producers (Kuwait and the UAE) are not ready to sacrifice their profits. Saudi Arabia and Iraq turned on the taps at their full capacity and raised their production since late 2014. Add to this Baker Hughes’ data announcement about the increase in number of oil rigs and you will get a full package to put oil prices down. All this happens when refineries are going to freeze their production thereby reducing their appetites for crude oil. Gloomy reports from OPEC, International Energy Agency offer little room for optimism. The 15th International Energy Forum (IEF15) scheduled for the 26-28th of September will unlikely make any difference to this sudden collapse of oil supple, even if two major producers (Saudi Arabia and Russia will manage to negotiate a production freeze. The oil prices are already responding this competition between major producers. Crude oil prices fell by $4,7 from its September high $47,75 a barrel. We expect oil prices will fall further. https://new.fxbazooka.com/img/articles/10506/crude.png More: https://new.fxbazooka.com/analytics/10506 |
Re: Market news and trade recommendations by FBS
USD/JPY: "Window" acted as a support
9/16/2016 https://new.fxbazooka.com/img/articl...09usdjpyH4.png The last “Shooting Star” pattern led to the current bearish price movement. Also, we’ve got a pullback form the lower “Window”, so the market is likely going to reach the nearest Moving Averages. If a pullback from these lines happens, there’ll be an opportunity for another decline. As we can see on the Daily chart, the price achieved the important support levels, so bulls will probably try to deliver a local correction. https://new.fxbazooka.com/img/articl...09usdjpyH1.png We’ve got one more bearish “Engulfing”, so the price reached the lower “Window”. Considering a “Harami” pattern, there’s a chance to have a bullish movement towards the Moving Averages, which could reverse the price movement into a downward direction. More: https://new.fxbazooka.com/analytics/10507 |
Re: Market news and trade recommendations by FBS
AUD/USD & CB Leading Index/RBA Monetary Policy Minutes: Opportunity for buyers ahead?
9/18/2016 Today we'll have a light economic calendar in terms of macroeconomic events, but we'll be watching for the latest developments around the Australian Dollar, as we would be following the CB Leading Index at 14:30 GMT and latest numbers have been showing a pattern to stay in the range between 0.1% and 0.5% during the latest months. However, the key event will be at 01:30 GMT on Tuesday, when it will be released the RBA monetary policy meeting minutes. Our technical picture for AUD/USD at H4 chart is calling for more weakness across the board, but in terms of price action, there is a zone very important for the buyers, as the 0.7515 – 0.7455 levels have been proven to be a strong demand zone and eventually, the Aussie may have a momentum to resume the bullish bias. If that happens, then a breakout above the 0.7515 level is expected towards the 0.7565 zone. By another hand, if the pair manages to break the 0.7455 support level, it's expected to fall towards the 0.7400 level. https://new.fxbazooka.com/img/articl...UDUSDH4(1).png More: https://new.fxbazooka.com/analytics/10508 |
Re: Market news and trade recommendations by FBS
GBP/USD: the pound fell into a bear trap
9/18/2016 On the GBP/USD daily chart, due to the drop in quotes to their September lows, our targets of the short positions on the pound have been fulfilled. Break-point of rising short-term trend is very steady, therefore, traders should focus on the sales at 1,3072-1,3075 and 1,315 levels. Over time, the pair is expected to go down to 1,291-1,2925 levels https://new.fxbazooka.com/img/articl...9_08_12_26.png On the GBP/USD hourly chart 'bulls" can gather themselves up and attack the lower boundary of the descending trading channel. If their efforts fail, it will be a signal to open short positions. As for an initial target it makes sense to use the convergence zone of 1,295-1,2965. https://new.fxbazooka.com/img/articl...9_08_12_42.png Recommendations: SELL 1,307 SL 1,314 TP1 1,2965 TP2 1,291 SELL 1,3105 SL 1,3155 TP1 1,2965 TP2 1,291 More: https://new.fxbazooka.com/analytics/10509 |
Re: Market news and trade recommendations by FBS
EUR/USD: the euro chose its direction
9/18/2016 On the EUR/USD daily chart, the quotes went beyond the 1,1205-1,127 trading channel and allowed traders to open short positions. If the "bears" manage to continue the initiated attack and break through the 1,113 support, the activation of the Bat pattern will increase the risk of euro falling to 1,104 and 1.1 marks. https://new.fxbazooka.com/img/articl...9_08_16_45.png On the EUR/USD hourly chart, the target at 88.6% in the Bat pattern has been fulfilled. Update of the newly formed low will allow the pair to continue its downward movement, at least down to the level of 1,111. Withdrawal from the convergence zone 1,12-1,1205 will be a signal to open short positions. https://new.fxbazooka.com/img/articl...9_08_17_00.png Recommendation: SELL 1,12 SL 1,125 TP1 1,111 TP2 1,104 TP3 1,1 More: https://new.fxbazooka.com/analytics/10510 |
| All times are GMT. The time now is 05:56. |
Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2026, vBulletin Solutions, Inc.