riki143 Posted January 12, 2017 Share Posted January 12, 2017 EUR/USD: bulls going to test resistance 1/12/2017 We’ve got a “Thorn” pattern, which stopped the last bearish price movement. So, the pair is trying to break a resistance at 1.0594 – 1.0655. It’s likely that bulls are going to reach the next resistance at 1.0669 – 1.0689. If a pullback from this area happens, there’ll be an opportunity to have a correction towards the 89 Moving Average. Bulls faced a resistance at 1.0620, so the price is consolidating. Meanwhile, the market is likely going to test the next resistance at 1.0669 – 1.0689 during the day. Considering a possible pullback from these levels, there’s a chance to have a decline towards a support at 1.0575 – 1.0552 later on. More: https://new.fxbazooka.com/analytics/12020 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 GBP/USD: "V-Bottom" stopped bears 1/12/2107 The main trend is still bearish, but the price is likely going to test the nearest resistance between the levels 1.2270 – 1.2309. If we see a pullback from this area, bears will probably try to test the closest support at 1.2198 – 1.2170. The price faced a resistance at 1.2269, so we’ve got a “V-Top” pattern, which led to a consolidation between a resistance at 1.2219 and a support at 1.2170. Nevertheless, bulls are likely going to test the nest resistance at 1.2309, which is strengthened by the local downtrend. If a pullback from this level happens, there’ll be an opportunity to have a decline in the direction of a support at 1.2198 – 1.2170. More: https://new.fxbazooka.com/analytics/12021 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 Key option levels for Thursday, January 12th 1/12/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 59 778 ? + 78 859 ? Closest resistance levels 1.0657; 1.0681; 1.0714; 1.0756 Closest support levels 1.0591; 1.0555; 1.0529; 1.0494 Trading recommendations Baseline scenario Short EUR/USD below 1.0591, with target points at 1.0555 and 1.0529 Alternative scenario Moving above 1.0657 can be considered as a signal to Buy the pair, with target at 1.0681 and 1.0714 GBP/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 549 ? + 194 ? Closest resistance levels 1.2247; 1.2277; 1.2303; 1.2338 Closest support levels 1.2176; 1.2149; 1.2112; 1.2089 Trading recommendations Baseline scenario Long GBP/USD above 1.2247, with target points at 1.2277 and 1.2303 Alternative scenario Moving below 1.2176 can be considered as a signal to Sell the pair, with target at 1.2149 and 1.2112 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 344 ? + 738 ? Closest resistance levels 1.3163; 1.3212; 1.3240; 1.3280 Closest support levels 1.3106; 1.3079; 1.3041; 1.2995 Trading recommendations Baseline scenario (High risk of reversal) Short USD/CAD below 1.3106, with the target points at 1.3079 and 1.3041 Alternative scenario Moving above 1.3163 can be considered as a signal to Buy the pair, with target at 1.3212 and 1.3240 More: https://new.fxbazooka.com/analytics/12022 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 GBP/USD: under the Cloud 1/12/2017 Technical levels: support – 1.2215; resistance – 1.2330. Trade recommendations: 1. Sell — 1.2330; SL — 1.2350; TP1 — 1.2215; TP2 — 1.2160. Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but Tenkan-sen is rising; the prices are under the strong resistance of Senkou Span A. More: https://new.fxbazooka.com/analytics/12023 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 AUD/USD: market is overbought 1/12/2017 Technical levels: support – 0.7450, 0.7410; resistance – 0.7525/45. Trade recommendations: 1. Sell — 0.7530; SL — 0.7550; TP1 — 0.7450; TP2 — 0.7410. Reason: bearish Ichimoku Cloud the rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and rising lines; but the market is overbought and the prices are under the strong resistance. More: https://new.fxbazooka.com/analytics/12024 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 EUR/USD: pullback from the "Window" 1/12/2017 The price reached the upper “Window”, so we’ve got a “Harami” here. If this pattern confirms, bears are likely going to test the 13 Moving Average, which could be a departure point for another bullish rally. We’ve got a “Hanging Man” at the local high, which is likely going to be confirmed in the coming hours. Therefore, there’s an opportunity to have a bearish correction. In this case, we should keep an eye on the 55 Moving Average as a possible intraday target. More: https://new.fxbazooka.com/analytics/12025 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 USD/JPY: bears going to move on 1/12/2017 There’s a “Shooting Star” on the 21 Moving Average, which has been confirmed enough. Considering that we don’t have any reversal pattern here, the market is likely going to continue falling down towards the nearest support level. The last “Three Methods” led to the current decline. However, there’s a bullish “Inverted Hammer”, so the price is likely going to test the nearest resistance. If a pullback from this level happens, there’ll be an open door for a new low. More: https://new.fxbazooka.com/analytics/12026 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 EUR/USD: zigzag in wave 2 1/12/2017 There’re four pullbacks in a row from 1/8 MM Level, so the price is rising. In this case, wave 2 is likely going to be continued. The main intraday target is 4/8 MM Level, which could act as a resistance. As we can see on the one-hour chart, wave 2 is taking form of a zigzag. Therefore, a bullish impulse in wave [c] is likely going to move on. So, we should keep an eye on 8/8 MM Level as a possible intraday target. More: https://new.fxbazooka.com/analytics/12028 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 NZD/USD broke resistance zone 1/12/2017 NZD/USD broke resistance zone Next buy target - 0.7230 NZD/USD continues to rise after the recent breakout of the resistance zone lying between the resistance level 0.7100 (previous buy target set in our previous forecast for this currency pair), 61.8% Fibonacci correction level of the earlier sharp minor impulse wave 3 from the middle of December, 50-day moving average and the resistance trendline of the daily Falling Wedge from October. NZD/USD is expected rise further in the active minor corrective wave 4 in the direction of the next buy target at the resistance level 0.7230 (which stopped the previous minor correction 2 in December, as can be seen below). More: https://new.fxbazooka.com/analytics/12030 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2017 Share Posted January 12, 2017 AUD/USD reached buy target 0.7400 1/12/2017 AUD/USD reached buy target 0.7400 Next buy target - 0.7520 AUD/USD continues to rise strongly after the recent breakout of the resistance level 0.7400, which was set as the buy target in our previous forecast for this currency pair. The breakout of this resistance level accelerated the active intermediate impulse wave (3), which started with the weekly Japanese candlesticks reversal pattern Morning Star from the powerful support level 0.7150. AUD/USD is expected rise further in the direction of the next buy target at the resistance level 0.7520 (which reversed the price in December) – the breakout of which can lead to further gains toward the next buy target 0.76140. More: https://new.fxbazooka.com/analytics/12031 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 USD/JPY: bears are running out of power 1/13/2017 On the daily USD/JPY chart, 88.6% target of the "Bat" pattern and 23.6% Fibo of the last long-term bullish wave managed to stop the bears for a while. To develop correction they need to pull the prices below convergence area of 113.60-114.00. On the other hand, successful test of yesterday's pin bar high (115.55) will increase the risks of uptrend resumption. On H1, USD/JPY keeps forming Wolfe waves. The pair's return to the bar's high, marked by point 3, will be a signal for opening long positions. Use 78.6% and 88.6% correction levels of the wave 2-5 as targets. Recommendation: BUY 115,55 SL 115 TP1 117,77 TP2 118,05. More: https://new.fxbazooka.com/analytics/12032 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 EUR/USD: bulls have stopped 1/13/2017 On the daily EUR/USD chart, the bulls managed to leave the medium-term descending channel but met resistance located at 1.0638 (23.6% Fibo of the last bearish wave). Despite the recent success of the euro, sellers are keeping the pair under control, so traders should focus on short positions. On H1, EUR/USD continues to form the widening wedge pattern. Aggressive entry would mean a short on the break of the bar's low, marked by point 2. Conservative entry requires the pair's decline to the point 3. Recommendation: SELL 1,0603 SL 1,0658 TP1 1,045 TP2 1,037. More: https://new.fxbazooka.com/analytics/12033 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 EUR/USD: "Triple Top" stopped bullish rally 1/13/2017 The price faced a resistance at 1.0689, which led to form a “V-Top” pattern, so the market is likely going to get a support between the 89 Moving Average and the level 1.0551. If a pullback from this area happens, there’ll be an opportunity to have another bullish movement towards a resistance between the levels 1.0689 – 1.0745. We’ve got a “Triple Top”, which has been confirmed, so the price is consolidating above the 34 Moving Average. Therefore, the pair is likely going to test a support at 1.0575 – 1.0551 in the short term. If we see a pullback from these levels, bulls will probably try to reach the nearest resistance at 1.0697 – 1.0709. More: https://new.fxbazooka.com/analytics/12034 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 GBP/USD: Moving Average acted as resistance again 1/13/2017 The main trend is still bearish. Also, there’s a “Double Top”, which has been formed under a resistance at 1.2309. So, the market is likely going to test the nearest support at 1.2113 – 1.2081 in the short term. At the same time, there’s an opportunity to have another bullish price movement afterwards. The price found a support at 1.2142, which led to the current consolidation. Meanwhile, bears are likely going to test the closest support at 1.2113 – 1.2081 during the day. Considering a possible pullback from this area, there’s a chance to see an upward movement towards a resistance near the downtrend later on. More: https://new.fxbazooka.com/analytics/12035 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 Key option levels for Friday, January 13th 1/13/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 75 055 ? + 84 219 ? Closest resistance levels 1.0652; 1.0679/85; 1.0712 Closest support levels 1.0616; 1.0595; 1.0566; 1.0526 Trading recommendations Baseline scenario Short EUR/USD below 1.0616, with target points at 1.0595 and 1.0566 Alternative scenario Moving above 1.0652 can be considered as a signal to Buy the pair, with target at 1.0679 and 1.0712 GBP/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 342 ? + 687 ? Closest resistance levels 1.2209; 1.2248; 1.2278; 1.2296 Closest support levels 1.2138; 1.2115; 1.2082; 1.2062 Trading recommendations Baseline scenario Short GBP/USD below 1.2138, with target points at 1.2115 and 1.2082 Alternative scenario Moving above 1.2209 can be considered as a signal to Buy the pair, with target at 1.2248 and 1.2278 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 303 ? - 164 ? Closest resistance levels 1.3120; 1.3180; 1.3214; 1.3259 Closest support levels 1.3101; 1.3075; 1.3053; 1.3021 Trading recommendations Baseline scenario (High risk of reversal) Long USD/CAD above 1.3120, with the target points at 1.3180 and 1.3214 Alternative scenario Moving below 1.3101 can be considered as a signal to Sell the pair, with target at 1.3075 and 1.3053 More: https://new.fxbazooka.com/analytics/12036 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 EUR/USD: bulls looks stronger 1/13/2017 Technical levels: support – 1.0620; resistance – 1.0710. Trade recommendations: 1. Buy — 1.0620; SL — 1.0610; TP1 — 1.0710; TP2 – 1.0750. Reason: bullish mood of the Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are in the positive area; the market is local overbought. More: https://new.fxbazooka.com/analytics/12037 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 AUD/USD: market still is overbought 1/13/2017 Technical levels: support – 0.7440, 0.7410; resistance – 0.7525/45. Trade recommendations: 1. Buy — 0.7440; SL — 0.7420; TP1 — 0.7450. 2. Sell — 0.7530; SL — 0.7550; TP1 — 0.7450; TP2 — 0.7410. Reason: bullish Ichimoku Cloud and the rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen and rising Kijun, but the horizontal Tenkan-sen; the market is overbought. More: https://new.fxbazooka.com/analytics/12038 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 EUR/USD: bulls going to test resistance again 1/13/2017 There’s a “Harami” at the local high. Also, we’ve got a bullish “Tweezers”, which has been confirmed enough. In this case, the price is likely going to test the nearest resistance once again. If any bearish pattern arrives afterwards, there’ll be an opportunity to have a downward correction. We’ve got a “Tweezers” and a “Harami” at the local high. At the same time, there’s a bullish “Inverted Hammer”, which has been confirmed enough. Therefore, the price is likely going to test the last high during the day. More: https://new.fxbazooka.com/analytics/12039 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 USD/JPY: bullish "Inverted Hammer" 1/13/2017 We’ve got a “Tower” at the local low, which has been confirmed enough. However, there’s a bearish “Evening Star”, so the price is likely going to continue falling down towards the nearest support level, which could be a departure point for an upward correction. The 34 Moving Average has acted as a resistance, so we’ve got a “Harami” pattern. In this case, bears are likely going to continue pushing the market even lower. More: https://new.fxbazooka.com/analytics/12040 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 US dollar: outlook for January 16-20 The US dollar index (DXY) weakened during the past week after the initial attempt to get towards 103.00. 1/13/2017 The main negative pressure on the American currency came from the disappointment that President-elect Donald Trump didn’t give more details about fiscal stimulus plans during his news conference. This made the market think that the US dollar has appreciated too much after the presidential election. Better news came from the Federal Reserve: Janet Yellen said that the US economy is doing well. Hawkish comments from the Fed provided some support to the greenback. The US will have a long weekend: banks will be closed on Monday due to the Martin Luther King Day. Traders will be looking at the headlines from the World Economic Forum, which will take place in Switzerland during the entire next week. The US will release Empire State manufacturing index on Tuesday, consumer inflation figures on Wednesday and building permits, Philly Fed manufacturing index, unemployment claims and housing starts on Thursday. Some market participants are closing their USD longs. Others, on the contrary, believe that the greenback may resume growth once Trump reveals information about his stimulus plans. All in all, we think that the greenback will manage to return to the positive dynamics in the medium-term as the US economy is in a good shape, but in the short-term further correction/consolidation is possible. The currency still has support in the 100.85 and 100.50 area (2015 highs). Resistance is in the region of 102.00. More: https://new.fxbazooka.com/analytics/12041 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 USD/JPY: outlook for January 16-20 1/13/2017 USD/JPY fell below the 115.50 support. We may see a deeper correction within the overall uptrend. Still, daily MAs are in the bullish setup. The pair has support around 114.20/00 (23.6% Fibo of August-December advance). Further support is at 112.90 (50-day MA) and 111.40 (38.2% Fibo). Above 115.50 the pair will get chance to recover to the 118.00 region. The weekly close – above or below the 100-week MA at 114.70. The US dollar is temporary out of the market’s favor. Another bearish thing is that Japanese investors have started seasonal cash repatriation that means more buying of the yen. Still, the yield gap between the US and Japan in favor of the former will likely keep supporting the greenback around 112.00. The economic calendar doesn’t contain any significant economic releases from Japan, so focus on the news from the World Economic Forum, which will take place in Switzerland during the entire next week, and Chinese statistics on Friday. The latter will be very important for the market’s risk sentiment. Negative news from China will increase demand for the yen as a safe haven. More: https://new.fxbazooka.com/analytics/12042 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 GBP/USD: outlook for January 16-20 1/13/2017 In the past week, despite the weakness of the US dollar, British pound, unlike the euro, stayed under pressure. The UK economic figures were mixed: manufacturing and industrial production showed good gains in November, but goods trade deficit widened. During the new week, we’ll get more insight about British economy: the nation will release consumer inflation figures on Tuesday, labor market data on Wednesday and retails sales on Friday. Statistics are not currently the primary driver for the pound. Brexit remains a big source of concerns for the British pound. We expect many comments about it at the World Economic Forum, which will unfold in Switzerland during the entire week. In addition, the UK Prime Minister Theresa May is expected to finally uncover Brexit strategy – possibly just days before a crucial Supreme Court ruling on whether Parliament must give its consent to leaving the EU. The key thing the markets will be watching is whether Ms. May wants Britain to remain in the EU’s single market or customs union after Brexit. Last weekend she hinted on the upcoming exit from the single market, and her words worsened sentiment about the pound. Technically there’s a head-and-shoulders pattern on the chart, but a close below the neckline around 1.2120 is needed to send the pair down to support at 1.20 and then potentially 1.1945. Resistance is at 1.2305 and 1.2410. More: https://new.fxbazooka.com/analytics/12043 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 USD/CHF reached sell target 1.0060 1/13/2017 USD/CHF reached sell target 1.0060 Next sell target – 1.0000 USD/CHF recently reached the strong support level 1.0060, which was set as the sell target in our previous forecast for this currency pair. The price earlier broke through the 38.2% Fibonacci correction level of the previous sharp upward impulse from the start of November – which accelerated the active C-wave of the intermediate ABC correction (4) from the middle of December. If USD/CHF breaks below the support level 1.0060 – the pair can then fall to the next sell target at parity, coinciding with the forecast price calculated for the completion of the active the intermediate ABC correction (4). More: https://new.fxbazooka.com/analytics/12044 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 EUR/GBP reached buy target 0.8600 1/13/2017 EUR/GBP reached buy target 0.8600 Next buy target - 0.8900 EUR/GBP continues to rise inside the accelerated impulse waves 3 and (3), which earlier broke through the pivotal resistance level 0.8600, which was set as the buy target in our earlier forecast for this currency pair. Both of the active impulse waves 3 and (3) belong to the long-term upward impulse ? from the start of December. EUR/GBP is expected rise further in the direction of the next buy target at the next resistance level 0.8900 (former strong support level, which reversed earlier waves 3, 5 and B in October, as can be seen below). Strong support now stands at the support level 0.8600. More: https://new.fxbazooka.com/analytics/12045 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 13, 2017 Share Posted January 13, 2017 EUR/USD: outlook for January 16-20 1/13/2017 During the past week, EUR/USD tested higher levels. The weaker US dollar and stronger industrial production in the euro area drove the pair to the upside. At the same time, the single currency didn’t manage to step far from its recent lows. Political uncertainty keeps limiting the bulls. The ECB December meeting minutes showed that, despite improvement in the data, low inflation still remains a concern. In the new week pay attention to the following releases: the region’s trade balance on Monday, German ZEW economic sentiment on Tuesday and final CPI on Wednesday. The European Central Bank will have its first 2017 meeting on Thursday. The minutes also showed that "a few members" of the central bank’s Governing Council rejected proposals to continue quantitative easing beyond March. However, the ECB is not likely to change its approach in January keeping its monetary policy extremely loose. As a result, if the US currency starts gaining strength again, the euro probably will not be able to keep rising. Resistance is at 1.0700, 1.0780 and 1.0850. Support is at 1.0540 and 1.0500 ahead of 1.0375. More: https://new.fxbazooka.com/analytics/12046 Quote Link to comment Share on other sites More sharing options...
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