riki143 Posted July 27, 2016 Share Posted July 27, 2016 USD/JPY: "High Wave" gave bulls a free hand 7/27/2016 The price tested the middle of the last huge black candle once again, so we’ve got a “Shooting Star”, but it hasn’t been confirmed yet. So, the pair is likely going to reach the nearest support line. As we can see on the Daily chart, the nearest “Window” acted as a support, so the market is likely going to reach the 34 Moving Average. If we see a pullback from this line, bears will probably try to move on. We’ve got an “Engulfing” at the local low, which led to the current upward movement. So, there’s an opportunity to see a local correction, but bulls will likely try to test the last high once again. More: https://new.fxbazooka.com/analytics/9802 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 27, 2016 Share Posted July 27, 2016 USD/CHF approached resistance level 0.9950 7/27/2016 USD/CHF approached resistance level 0.9950 Next buy target – 1.0000 USD/CHF has been rising in the last few trading sessions inside the minor impulse waves (iii) and 3 – both of which are a part of the intermediate impulse wave (3) from the end of June. The price previously broke through the resistance level 0.9890 – which strengthened the bullish pressure on this currency pair. USD/CHF is currently trading close to the resistance level 0.9950 (top of the previous intermediate impulse wave (1) from May). If USD/CHF breaks above the resistance level 0.9950 – the pair can then be expected to rise further to the next buy target at the parity (forecast price for the completion of impulse 3). More: https://new.fxbazooka.com/analytics/9803 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 27, 2016 Share Posted July 27, 2016 GBP/USD reversed from resistance zone 7/27/2016 GBP/USD reversed from resistance zone Next sell target - 1.3000 GBP/USD continues to fall inside the minor impulse wave 3 – which started earlier – when the pair reversed down from the resistance zone lying between the resistance level 1.3400 (which also earlier reversed the price sharply in June) and the 38.2% Fibonacci correction of the previous sharp downward impulse from the middle of June. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Dark Cloud Cover. GBP/USD is likely to fall further in the active impulse waves (3) and 3 toward the next sell target at the round support level 1.3000. More: https://new.fxbazooka.com/analytics/9804 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 27, 2016 Share Posted July 27, 2016 What do bank analysts expect ahead of the FOMC? 7/27/2016 Danske: The Federal Reserve’s meeting will be neutral for USD, but the risks are that USD will strengthen. The near-term outlook for EUR/USD is negative. Bank of America Merrill Lynch: in the absence of big changes in the Fed’s statement, the effect on Forex majors will me minimal. The minutes of today’s FOMC meeting, which will be released on August 17, will be much more important for the market players as they will contain more information about the Fed’s intentions. Deutsche Bank: The Fed’s language will become more constructive. USD may appreciate by 5% in the coming weeks and months against the currencies of America’s main trading partners. BTMU: There will be very modest positive changes in the Fed’s communication. Societe Generale: Some acknowledgement of the improved economic backdrop is likely in the statement and the market will go on slowly raising the odds of a 2016 rate hike. More: https://new.fxbazooka.com/analytics/9805 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 USD/CAD & Low oil's prices: Targeting to 1.35? 7/28/2016 We've been seeing a very interesting action during this week regarding Oil's prices, as the recent data had helped the Canadian dollar to weaken against the greenback and at this stage, USD/CAD is testing new weekly highs, without counting the recent pullback made following the Fed interest rate decision. In terms of Oil's data, US crude oil inventories increased by 1.671M during last week, against a forecast of a decline around 2.257M. Also, the weakness in Oil can be supported by recent demand by Gold on the financial markets. The technical picture for USD/CAD at H4 chart is still very bullish and calling for a continuation higher. A bullish trend line projected from the June 21st lows is still there and eventually we can see a rally towards the 1.3287 level on a short-term basis. A bearish scenario for the Loonie can call for a breakout below the 1.3175 level, with a target placed around the 1.3030 level. More: https://new.fxbazooka.com/analytics/9806 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 EUR/USD: bulls try to secure their advance 7/28/2016 On the daily EUR/USD chart the bulls returned the prices into 1.1-1.1175 channel. The pair's currently trying to take out resistance at 1.1072. The break of this level will inrease the risks of a rally to the upper border of consolidation range, the recoil to the downside will return the initiative to the bears. EUR/USD successfully tested the upper border of the descending channel and fixed above the diagonal resistance. It means that the attack of the bulls has succeded. In line with the "Shark" pattern, the euro may rise to $1.1125. However, first the euro needs to rise above the current levels. The nearest support levels are at 1.1052 and 1.1035. More https://new.fxbazooka.com/analytics/9807 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 USD/CAD: bulls won't give up easily 7/28/2016 On the daily USD/CAD chart the bulls failed to settle above the upper border of the triangle, that increasses the risks of further correction. Resumption of the uptrend is possible only in case of return above July high. On H1 USD/CAD the attempt of the bears to break the lower border of the rising channel was successful. The pair formed a widening wedge, and correction to the decsending 4-5 wave may be used to open short positions. The best scenario is the recoil from the horizontal resistance (retest). At the same time, the bulls may try to take back the initiative at 88.6% of the "Bat" pattern (1.3075). More: https://new.fxbazooka.com/analytics/9808 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 GBP/USD: cloud attacked by bulls 7/28/2016 Technical levels: support – 1.3150/70, 1.3100; resistance – 1.3270, 1.3290. Trade recommendations: 1. Buy — 1.3180; SL — 1.3160; TP1 — 1.3270; TP2 — 1.3290. 2. Sell — 1.3150; SL — 1.3170; TP1 — 1.3060; TP2 — 1.3010. Reason: a weak range of the Cloud, the cancelled dead cross of Tenkan and Kijun. More: https://new.fxbazooka.com/analytics/9810 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 EUR/USD: bulls have felt the blood 7/28/2016 Technical levels: support – 1.1020, 1.0950; resistance – 1.1070, 1.1090. Trade recommendations: 1. Sell — 1.1080; SL — 1.1110; TP1 — 1.0950; TP2 — 1.0910. Reason: bearish mood of Ichimoku Cloud, but there is a golden cross of Tenkan and Kijun, strong resistance formed by Tenkan-sen and Kijun-sen. More: https://new.fxbazooka.com/analytics/9809 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 USD/JPY: hiding in a cloud 7/28/2016 Technical levels: support – 104.60; resistance – 105.30, 105.60. Trade recommendations: 1. Buy — 104.80; SL — 104.60; TP1 — 105.60; TP2 — 106.00. Reason: the cancelled dead cross of Tenkan-sen and Kijun-sen; bullish Ichomoku Cloud and a Senkou Span A is growing up. More: https://new.fxbazooka.com/analytics/9812 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 GBP/USD: "Triple Top" points to a possible decline 7/28/2016 The price is testing the “Triangle’s” lower side. Also, we’ve got a resistance by the 55 Moving Average, so the price is likely going to continue falling down. If we see a pullback from a support at 1.3116 – 1.3015, there’ll be an opportunity to have an upward correction. There’s a consolidation between the 89 Moving Average and the nearest support at 1.3063. Moreover, we’ve got a “Triple Top”, so the market is likely going to achieve the next support at 1.3071 – 1.3056 in the short term. More: https://new.fxbazooka.com/analytics/9813 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 EUR/USD: bears going to deliver wave 5 7/28/2016 There’s a possible ending of wave 4 in a form of a “Double Three”. Also, we’ve got a resistance by 2/8 Murrey Math Level (P=200). So, it’s very likely to see the beginning of wave 5 of (1) in the short term. As we can see on the one-hour chart, there’s a pullback from 4/8 Murrey Math Level, so the price is likely going to start declining in wave . The nearest bearish target is 2/8 Murrey Math Level. If it be broken, there’ll be an opportunity to have more deeper impulse in wave . More: https://new.fxbazooka.com/analytics/9820 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 EUR/USD: "Shooting Star" highlight a possibility of local correction 7/28/2016 The price is trading inside the “Window”. We haven’t got any reversal pattern so far, which makes possible an achievement of the 144 Moving Average. As we can see on the Daily chart, there’s a “Hammer” at the local low, which led to the current rise. If we see any bearish pattern on the 34 Moving Average, there’ll be an opportunity to have another downward movement. There’s a bullish movement in progress, but we have a “Shooting Star” at the local high. So, the market is likely going to get a support on the previously formed “Three Methods” pattern. If a pullback from this support happens, bulls will probably deliver a new high. More: https://new.fxbazooka.com/analytics/9821 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 USD/JPY: "High Wave" points to a possible upward correction 7/28/2016 There’re a “Shooting Star” and a “High Wave” on the 144 Moving Average. So, the market is likely going get a support on the nearest “Window” once again. As we can see on the Daily chart, we’ve got a “Harami”, but it hasn’t been confirmed yet. Therefore, it’s very likely to see the second test of the closes support line. The price has been falling down since an “Engulfing” formed at the last high. Also, we’ve got a “Hammer” at the local low, but its confirmation is a quite weak. So, bulls are likely going to get a resistance on the 34 Moving Average. More: https://new.fxbazooka.com/analytics/9822 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 Why everyone awaits the BOJ decision? 7/28/2016 USD/JPY presents a difficult market. With the Bank of Japan’s meeting on Friday traders are nervous. The market players hesitate – should they prepare to the increase in Japanese monetary stimulus or should they brace themselves for the disappointment from Japanese central bank? The fact that on Wednesday Japan's prime minister Shinzo Abe announced 28-trillion-yen fiscal stimulus package increases the pressure on the Bank of Japan to act as well. Earlier the BOJ Governor Kuroda emphasized that that monetary easing and fiscal stimulus are efficient, when used together. Additional monetary easing is likely what Japanese government wants from the central bank. One point of view is that it might be strategically better for BOJ to act on Friday, as the impact of its action will be bigger. According to Bloomberg, 80% of surveyed analysts expect the BOJ to expand stimulus program – that’s a sign of high surety among the experts. The other point of view is that, on the contrary, measures taken by Japanese government and the fact that USD/JPY is fluctuating in the 105.00 area and not at the critical 100.00 mark, means that the Bank of Japan will decide to save its ammunition for later. Up until now all the enormous sums of money the BOJ injected into Japan’s financial system, failed to lift up inflation and the more money the Bank of Japan print, the more difficult it becomes for it to manage the situation. The lack of action from the regulator will certainly resume USD/JPY downtrend making the bears hunt for now lows. The Bank of Japan is certainty aware of the pressure and of the potential consequences of its inaction – this is why the majority of analysts think that it will expand stimulus tomorrow. At the same time, even if the BOJ eases policy this month, there’s no guarantee that this will make USD/JPY reverse to the upside and enter a sustainable uptrend. It’s worth remembering that when the Bank of Japan switched to negative interest rates in January, traders sold USD/JPY on the increase. It’s very likely that without increasing expectations of higher US Federal Reserve’s rates medium-term USD/JPY longs will come to no good. The expectations of the Fed’s rate hike revived in the past 2 weeks after taking a big blow on Brexit vote, and the reaction to this week’s FOMC meeting was buy-the-rumor-sell the fact: US dollar index opened with a gap down. The market realized that the Fed won’t be in a hurry to raise rates. This mood isn’t permanent – it may change with the incoming US economic data. In fact, the first important data release will be on Friday: America will publish the first estimate of Q2 GDP. Next week we’ll find out the amount of July nonfarm payrolls. To sum up, trading should be extremely volatile on Friday, so take this into account while making trading decisions. The market will be affected not only by the meeting result, but also by Kuroda’s press conference. The fall of USD/JPY if the BOJ disappoints will be much bigger than its increase if the BOJ increases monetary stimulus. We will have a Sell Stop below 103.50 targeting 100.00. If USD/JPY moves up from the current levels, we’ll be cautious: if it will be the true beginning of a new trend, there will be no need to hurry. More: https://new.fxbazooka.com/analytics/9823 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 AUD/USD reversed from support zone 7/28/2016 AUD/USD reversed from support zone Next buy target - 0.7650 AUD/USD continues to rise after the earlier upward reversal from the support zone lying between the support level 0.7430 (which also earlier reversed the price sharply at the start of July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of May. The upward reversal from this support zone started the active minor impulse wave (iii) of the C-wave from May. AUD/USD is likely to rise to the next buy target at the resistance level 0.7650 (which stopped the previous impulse waves (i) and i, as can be seen below). Strong support remains at 0.7430. More: https://new.fxbazooka.com/analytics/9824 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 EUR/USD reversed from support area 7/28/2016 EUR/USD rising inside minor correction (ii) Next buy target – 1.1150 EUR/USD recently reversed up sharply from the support area located between the strong support level 1.0950 (which also previously reversed the earlier minor impulse wave (i) in June), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp intermediate ABC correction (2) from last December, as can be seen below. The upward reversal from this support area accelerated the active minor correction (ii) from June. EUR/USD is likely to rise further to the next buy target at the resistance level 1.1150 (which reversed the pair with the daily Japanese candlesticks reversal pattern Shooting Star in June). More: https://new.fxbazooka.com/analytics/9825 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 28, 2016 Share Posted July 28, 2016 AUD/USD: optimistic Aussie 7/28/2016 Technical levels: support – 0.7505; resistance – 0.7560, 0.7600, 0.7620. Trade recommendations: 1. Sell — 0.7480; SL — 0.7500; TP1 — 0.7390; TP2 — 0.7320. Reason: bearish Ichomoku Cloud, but Senkou Span B is growing up; neutral Tenkan-sen and Kijun-sen; a market is breaking out the Clouds resistance. More: https://new.fxbazooka.com/analytics/9811 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 EUR/USD: bears prepare their revenge 7/29/2016 On the daily EUR/USD chart the bulls came to the upper border of the rising channel. Successful test of the diagonal resistance will open the way to 1.1175 (38.2% Fibonacci of the last medium-term descending wave). However, if the bears manage to return the prices below support at 1.1070, the risks of the euro's fall to $1.1000 will increase. On H1 a descending triangle was formed. It's a bearish formation. The break of support at 1.1070 will activate AB=CD pattern making the pair move down towards 1.1035 and 1.0970. Recommendation: SELL 1.1070 SL 1.1120 TP 1.0970. EUR More: https://new.fxbazooka.com/analytics/9826 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 USD/JPY: yen is resuming the trend 7/29/2016 On the daily USD/JPY chart recoil from the upper border of the long-term downtrend and the following decline of the price means that the bearish trend has resumed. It's target is at 100.8 (224% according to AB=CD). The nearest resistance is near 104.4 (23.6% Fibonacci of the last long-term descending wave). On H1 the bears test the lower border of the descending short-term channel. Success will confirm the activation of AB=CD pattern. Its targets are at 102.4 (161.8%), 101.4 (200%) and 100.8 (224%). On the contrary, in case of failure, the pair will recover to the lower border of the channel (105.45). More: https://new.fxbazooka.com/analytics/9827 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 EUR/USD: consolidation above the cloud 7/29/2016 Technical levels: support – 1.0950, 1.1070; resistance – 1.1090, 1.1170. Trade recommendations: 1. Buy — 1.1080; SL — 1.1060; TP1 — 1.1170. Reason: bearish mood of Ichimoku Cloud, but there is a rising Senkou Span A, Tenkan and Kijun; the prices consolidation above the Cloud. More: https://new.fxbazooka.com/analytics/9828 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 USD/JPY: the Bears attacked again 7/29/2016 Technical levels: support – 102.90; resistance – 103.70, 104.40. Trade recommendations: 1. Sell — 103.70; SL — 103.90; TP1 — 102.50; TP2 — 101.50. Reason: dead cross of Tenkan-sen and Kijun-sen; bullish Ichomoku Cloud but falling Senkou Span A. More: https://new.fxbazooka.com/analytics/9829 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 EUR/USD: "Double Top" prevented further bullish steps 7/29/2016 The price faced a resistance at 1.1120, which led to form a “V-Top” pattern, so we’ve got a local decline. Therefore, the market is likely going to achieve the nearest support area’s lower side at 1.1032. However, if a pullback from this level happens, there’ll be an opportunity to have an upward correction in the direction of a resistance at 1.1145 – 1.1166. As we can see on the one-hour chart, bulls found a resistance at 1.1120, so we’ve got a “Double Top” pattern here. The main intraday target is the closest support at 1.1059 – 1.1041. At the same time, bulls are likely going to catch a resistance at 1.1125 – 1.1145 soon. More: https://new.fxbazooka.com/analytics/9830 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 GBP/USD: price consolidating under "Triangle" 7/29/2016 The price is consolidating between the 55 Moving Average and the nearest support at 1.3116. So, the pair is likely going to get the next support at 1.3015 in the short term. However, if we see a pullback from this support, a bullish movement in the direction of a resistance at 1.3289 becomes possible. Bears faced a support at 1.3116, which led to form a “Triple Bottom”, so the price started rising. Also, we’ve got a local “V-Top”, which makes possible an achievement of a support at 1.3071 – 1.3056. Nevertheless, bulls will probably try to get a resistance at 1.3247 – 1.3273. More: https://new.fxbazooka.com/analytics/9831 Quote Link to comment Share on other sites More sharing options...
riki143 Posted July 29, 2016 Share Posted July 29, 2016 EUR/USD: "Harami" prevented bearish correction 7/29/2016 Bulls have been moving up since a “Hammer” arrived at the local low. Also, we’ve got a bullish “Hammer”, which canceled a confirmation of the last “Hanging Man” pattern. Therefore, the market is likely going to test the 144 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a local downward correction. As we can see on the Daily chart, there’s a “Shooting Star”, but it still hasn’t got a confirmation. So, today’s candle is likely going to be a white one. We’ve got a “Harami” and a “Tweezers” at the local low, which both have been confirmed enough. So, bulls are likely going to deliver a new high very soon. More: https://new.fxbazooka.com/analytics/9834 Quote Link to comment Share on other sites More sharing options...
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