riki143 Posted August 23, 2016 Share Posted August 23, 2016 USD/JPY: correction inside the trend 8/23/206 There’s a still correction inside the current bearish trend. We’ve got a “Hammer” at the local low, but it hasn’t been confirmed yet. So, there’s an opportunity to have a test of the 13 Moving Average once again. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed yet. Therefore, the market is likely going to falling down until any bearish pattern arrives. The last “Window” has been closed, but we’ve got a confirmed “Hammer” at the local low. So, bulls are likely going to reach the 55 Moving Average during the day. If a pullback from this line happens, bears will probably try to move on. More: https://new.fxbazooka.com/analytics/10177 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 EUR/GBP ahead German GDP Q2: Will we see corrective rebounds? 8/24/2016 Today at 06:00 GMT will be released the German GDP Q2, where the markets are expecting an unchanged number from Q1 2016 data. This should bring some medium to high volatility during the early European session, especially on the EUR pairs and in case that we should see a higher-than-expected number, but for now, the chances are still low to that happen in coming release. Our technical outlook for EUR/GBP at H1 chart is calling for more downside, but before any declines, we should see some corrective moves to the upside, as the pair is near to the lower band of bearish trend line channel. Around that, a rebound can happen towards the 0.8650 on a first degree. However, if bears gain momentum in coming days, the EUR/GBP can test the 61.8% Fibonacci retracement zone at the 0.8488 level. More: https://new.fxbazooka.com/analytics/10178 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 EUR/USD: bulls showed weakness 8/24/2016 On the daily EUR/USD chart the bulls for the second time tried to test important convergence area near 1.1345 (161.8% of AB=CD target, 61.8% of the last medium-term bearish wave and the lower border of the long-term bullish channel) failed. This means that the buyers are weak. Traders should expect the euro to weaken. On H1 EUR/USD formed a combination of "Three Indians" pattern and 1-2-3. If the bears manage to settle below the lower border of the bullish trend channel and pull the prices below 1.129, the risk of decline towards 1.1233-1.1244 and then to 1.117 will significantly increase. More: https://new.fxbazooka.com/analytics/10179 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 AUD/USD: testing the lower boundary of the Cloud 8/24/2016 Technical levels: support – 0.7590; resistance – 0.7640, 0.7680. Trade recommendations: 1. Buy — 0.7590; SL — 0.7570; TP1 — 0.7680; TP2 — 0.7720. Reason: a weak dead cross of Tenkan-sen and Kijun-sen and narrowing channel of Tenkan and Kijun; bullish Ichimoku Cloud; strong support of Senkou Span B. More: https://new.fxbazooka.com/analytics/10181 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 USD/JPY: 100.00 stopped the Bears again 8/24/2016 Technical levels: support – 100.00; resistance – 100.40. Trade recommendations: 1. Sell — 100.40; SL — 100.60; TP1 — 99.00; TP2 — 98.50. Reason: a bearish Ichimoku Cloud; the cancelled golden cross of Tenkan-sen and Kijun-sen; a strong resistance of Senkou Span A. More: https://new.fxbazooka.com/analytics/10182 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 Key option levels for Wednesday, August 24th 8/24/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 62 208 ? + 111 514 ? Closest resistance levels 1.1328; 1.1352(67?); 1.1388; 1.1414 Closest support levels 1.1273; 1.1254; 1.1230; 1.1200 Trading recommendations Baseline scenario Short EUR/USD below 1.1273, with target points at 1.1254 and 1.1230 Alternative scenario Moving above 1.1328 can be considered as a signal to buy the pair, with target at 1.1352 and 1.1388 GBP/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 1 505 ? + 356 ? Closest resistance levels 1.3222; 1.3240; 1.3268; 1.3287 Closest support levels 1.3159; 1.3131; 1.3112; 1.3089 Trading recommendations Baseline scenario Buy GBP/USD above 1.3222, with the target points at 1.3240 and 1.3268 Alternative scenario Moving below 1.3159 can be considered as a signal to sell the pair, with target at 1.3131 and 1.3112 USD/JPY Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 939 ? + 831 ? Closest resistance levels 100.84; 101.04; 101.30; 101.60 Closest support levels 99.94; 99.56; 99.35; 99.11 Trading recommendations Baseline scenario Long USD/JPY above 100.84, with the target points at 101.04 and 101.30 Alternative scenario Moving below 99.94 can be considered as a signal to sell the pair, with target at 99.56 and 99.35 More: https://new.fxbazooka.com/analytics/10185 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 EUR/USD: "V-Top" points to possible bearish movement 8/24/2016 The price hasn’t broken the last high. Also, there’s a “V-Top” pattern under a resistance at 1.1349, so the market is likely going to decline towards a support near the local uptrend. However, bulls will probably try to reach a resistance at 1.1349 – 1.1365 afterwards. We’ve got a “Double Top”, which has been confirmed, so the price is falling down. Therefore, bears are likely going to get a support at 1.1268 – 1.1253 during the day. If a pullback from this area happens, there’ll be an opportunity to have an upward movement in the direction of a resistance at 1.1324 – 1.1349. More: https://new.fxbazooka.com/analytics/10186 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 GBP/USD: "Double Top" highlights possible decline 8/24/2016 The price found a resistance at 1.3214, which stopped bullish rally. So, the market is likely going to decline, so we should keep an eye on the nearest support at 1.3119 – 1.3092. However, if we get a pullback from this area, there’ll be a chance to see a bullish movement towards a resistance at 1.3214 – 1.3247. There’s a consolidation under a resistance at 1.3214. So, we’ve got a “Double Top” pattern, which has been confirmed enough. In this case, it’s likely to see a decline towards a support at 1.3119 – 1.3092 during the day. At the same time, if a pullback from these levels be on the table, bulls will probably try to deliver a local correction. More: https://new.fxbazooka.com/analytics/10187 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 EUR/USD: bears going to form impulse wave 8/24/2016 We’ve got a possible truncated wave v of ©, so there’s an opportunity to have a downward impulse in wave i. The main intraday target is 4/8 Murrey Math Level (P=200). If we see a pullback from this level, bulls will probably try to deliver wave ii. As we can see on the one-hour chart, there’s a double pullback from 8/8 Murrey Math Level (P=200). Also, we’ve got a bearish impulse in wave [1], so the market is likely going to decline in wave [3] shortly. Under this circumstances, we should keep an eye on 3/8 MM Level as a possible bearish target. More: https://new.fxbazooka.com/analytics/10188 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 EUR/USD: market is sucked into correction bog 8/24/2016 There’s a downward correction inside the main bullish trend on the four-hour chart. The last candles are bearish and there isn’t any bullish pattern so far, which makes possible an achievement of the 34 Moving Average. As we can see on the Daily chart, there’s a bearish “Harami”. If it confirms, bears are likely going to push the market lower. The price hasn’t found a lodgement under the “Window” yet. So if any bullish pattern arrives in the short term, there’ll be an opportunity to see an achievement of the 21 & 34 Moving Averages. More: https://new.fxbazooka.com/analytics/10189 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2016 Share Posted August 24, 2016 USD/JPY: "Window" going to act as a resistance 8/24/2016 We’ve got a “Hanging Man” on the 13 Moving Average, which has been confirmed strongly. So, the market is likely going to continue falling down. As we can see on the Daily chart, the last “Harami” pattern at the local low is still unconfirmed. Therefore, bears are probably going to reach the nearest “Window” soon. There’re a “Harami” and a “Doji”, which both have a confirmation. Also, there’s an opportunity to have a local upward correction because of the last bullish “Harami”. However, if a pullback from the 34 Moving Average happens, bears are likely going to move on. More: https://new.fxbazooka.com/analytics/10190 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 USD/JPY & US durable goods orders: Greenback ahead of Jackson Hole 8/25/2016 Today at 12:30 GMT we'll know the US durable goods orders on a monthly basis, where the analysts are looking for an increase from -3.9% to 3.3%. This data could be a market mover for today in US dollar, alongside with the Jackson Hole Symposium that will start today and Janet Yellen is due to speak on Friday. That rise from the durable goods orders is highly expected, following it had a dip on the last month's reading of 3.9%. In terms of technical analysis, the USD/JPY pair at H1 chart is showing us a triangle pattern in formation between the 100.87 and 99.63 levels, According to the recent price action, the pair may face some selling pressure around the 200 SMA on this timeframe, as for now, it didn't manage to consolidate above it. However, if the pair does a breakout with a big candlestick at that zone to the upside, our next target would be the 101.00 psychological level. More: https://new.fxbazooka.com/analytics/10191 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 USD/JPY: calm before the storm 8/25/2016 On the daily chart USD/JPY is consolidating in the 99.8-100.8 area. The break of resistance at 100.83 will allow the correction to continue towards 102.25 and 102.69. If the pair renews August low, this will be a signal of the downtrend resumption and will send the pair to 98.96 and 97.84. On H1 USD/JPY is finishing a triangle. If the pair rises above the upper border of the pattern and then gets to 100.83, its chances to reach 88.6% target (102) ?of the "Bat" pattern will increase. On the other hand, break of support at 99.95 will mean resumption of the downtrend. More: https://new.fxbazooka.com/analytics/10192 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 USD/CAD: bulls are fighting back 8/25/2016 On the daily USD/CAD chart there was an unsuccessful attempt of bears to make the prices leave the rising triangle. Recoil from convergence area at 1.273-1.276 (88.6% of the Shark pattern + 61.8% Fibo of the last medium-term bullish wave) let the bulls take the lead. If the pair manages to settle above resistance at 1.2956-1.2977, risks of growth towards 1.3076 and 1.3306 will increase. On H1 USD/CAD the downtrend changed to the uptrend. Break of resistance at 1.2956 will let the pair keep rising toewards convergence area of 1.303-1.3034 (161.8% target of AB=CD + 61.8% Fibo of the last bearish wave). More: https://new.fxbazooka.com/analytics/10193 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 EUR/USD: back into the Cloud 8/25/2016 Technical levels: support – 1.1270, 1.1230, 1.1200; resistance – 1.1330, 1.1360, 1.1450. Trade recommendations: 1. Buy — 1.1200; SL — 1.1180; TP1 — 1.1330; TP2 – 1.1360. Reason: a dead cross of Tenkan-sen and Kijun-sen, but the bullish Ichimoku Cloud. More: https://new.fxbazooka.com/analytics/10194 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 AUD/USD: rebounding from the Senkou Span B 8/25/2016 Technical levels: support – 0.7590, 0.7620; resistance – 0.7680, 0.7720. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7680; TP2 — 0.7720. Reason: a new golden cross of Tenkan-sen and Kijun-sen; bullish Ichimoku Cloud; strong support of Senkou Span B. More: https://new.fxbazooka.com/analytics/10195 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 EUR/USD: bears going to reach next support 8/25/2016 There’s a “Double Top” pattern, which has been formed under a resistance at 1.1381. However, the price faced a support by the 34 Moving Average afterwards, so there’s a local upward correction on the way. Considering a confirmation of the last “Double Top”, the market is likely going to continue falling down towards the next support at 1.1235 – 1.1222. If a pullback from this area happens, there’ll be an opportunity to have another upward movement. The price faced a support at 1.1253, which led to form a “V-Bottom” pattern, so the price is currently rising. Also, we’ve got a “Pennant” pattern here, so the price is likely going to reach a support at 1.1235 – 1.1222 during the day. At the same time, if we see a pullback from these levels, bulls will probably try to catch a resistance at 1.1282 – 1.1324. More: https://new.fxbazooka.com/analytics/10196 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 GBP/USD: "Double Top" stood in the way of bulls 8/25/2016 The price found a resistance at 1.3247, which led to the current consolidation. Also, there’s a “Double Top” pattern. If it confirms, the market is likely going to get a support at 1.3119 in the short term. However, if a pullback from this level be on the table, bulls will probably try to achieve the nearest resistance at 1.3247 – 1.3302. We’ve got a consolidation along a resistance at 1.3247. Also, there’s a possible “Double Top” pattern, which hasn’t been finished yet. Therefore, bears are likely going to get a support at 1.3183 – 1.3160 shortly. Nevertheless, if a pullback from this area arrives later on, there’ll be an opportunity to have an upward price movement in the direction of a resistance at 1.3271 – 1.3302. More: https://new.fxbazooka.com/analytics/10197 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 EUR/USD: bearish impulse in wave iii going to start soon 8/25/2016 We’ve got two pullbacks from 6/8 Murrey Math Level (P=200) in a row, which points to a possible ending of wave [y] of C. Moreover, there’s a downward impulse in wave i, so after a local correction, bears are likely going to deliver wave iii of (a). The nearest intraday target is 3/8 MM Level. As we can see on the one-hour chart, wave v of © was truncated. So, we’ve got a bearish impulse in wave i, which was formed yesterday. It’s likely that bulls are going to deliver wave ii during the day. If we see a pullback from 6/8 Murrey Math Level (P=200), there’ll be an opportunity to have another downward impulse. More: https://new.fxbazooka.com/analytics/10199 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 Key option levels for Thursday, August 25th 8/25/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 64 984 ? + 47 692 ? Closest resistance levels 1.1289; 1.1308; 1.1324; 1.1343 Closest support levels 1.1251; 1.1225; 1.1205; 1.1180 Trading recommendations Baseline scenario Long EUR/USD above 1.1289, with the target points at 1.1308 and 1.1324 Alternative scenario Moving below 1.1251 can be considered as a signal to sell the pair, with target at 1.1225 and 1.1205 GBP/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 359 ? + 1 014 ? Closest resistance levels 1.3266; 1.3290; 1.3327; 1.3351 Closest support levels 1.3189; 1.3156; 1.3134; 1.3108 Trading recommendations Baseline scenario Buy GBP/USD above 1.3266, with the target points at 1.3290 and 1.3327 Alternative scenario Moving below 1.3189 can be considered as a signal to sell the pair, with target at 1.3156 and 1.3134 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 3 643 ? + 900 ? Closest resistance levels 100.63; 100.83(98?); 101.17; 101.41 Closest support levels 100.33; 100.13(03?); 99.71; 99.49 Trading recommendations Baseline scenario Long USD/JPY above 100.63, with the target points at 100.83 and 101.17 Alternative scenario Moving below 100.33 can be considered as a signal to sell the pair, with target at 100.13 and 99.71 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 180 ? + 143 ? Closest resistance levels 1.2963; 1.2985; 1.3017; 1.3062 Closest support levels 1.2908; 1.2890; 1.2860; 1.2821 Trading recommendations Baseline scenario Buy USD/CAD above 1.2963, with the target points at 1.2985 and 1.3017 Alternative scenario Moving below 1.2908 can be considered as a signal to sell the pair, with target at 1.2890 and 1.2860 More: https://new.fxbazooka.com/analytics/10201 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 EUR/USD: bulls going to test "Window" once again 8/25/2016 There’s a correction inside the main bullish trend. We’ve got a “Hammer” in the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to get a resistance on the upper side of the nearest “Window”. If we see a pullback from this level, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, the price found a lodgement under the “Window”, which could act as a resistance once again. So, after a local correction bears will probably try to deliver a new low. We’ve got a bullish “Harami” and a “Three Methods” pattern at the last low. Under this circumstances, bulls are likely going to reach the nearest “Window’s” upper side. More: https://new.fxbazooka.com/analytics/10208 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Share Posted August 25, 2016 USD/JPY: bulls and bears fighting inside the "Window" 8/25/2016 There’s a strong resistance by the 21 Moving Average, so we’ve got a “Shooting Star” on this line. However, a confirmation of this pattern is a quite weak, so the nearest “Window” is likely going to be tested once again. As we can see on the Daily chart, the price is consolidating under the closest resistance line, so bears will probably try to reach the lower “Window” in the short term. We’ve got a “Harami” and a “Doji” on the 89 Moving Average, which both have been confirmed enough. At the same time, there’s a bullish “Harami” as well, so the market is likely going to test the local highs again. More: https://new.fxbazooka.com/analytics/10209 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Share Posted August 26, 2016 EUR/USD ahead of Jackson Hole: Will Janet Yellen define us today the mid-term trend for US Dollar? 8/26/2016 Today at 14:00 GMT will be the main event of the week in financial markets, as the Fed Chairwoman Janet Yellen will speak at the Jackson Hole Symposium and all traders will be looking for hints of further rate hike by the central bank before the end of the year, or in the other scenario, in September's meeting. However, some experts aren't expecting major information to be delivered by Yellen during this event, which is also an academic symposium and likely it will bring some kind of information that goes on that line. The technical picture for EUR/USD at H1 chart ahead of that event is still calling for the upside, amid recent US dollar's strengthening. Currently, a bullish trend line from August 24th low can be seen on this timeframe and eventually it should act as dynamic support. EUR could rally towards the resistance zone of 1.1320, in case that Yellen didn't bring clear hints of further hikes on this year. In the hawkish scenario, a breakout below the support zone of 1.1272 can push the pair towards the 1.1209 level. More: https://new.fxbazooka.com/analytics/10210 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Share Posted August 26, 2016 EUR/USD: euro met an inside bar 8/26/2016 On the daily EUR/USD chart the bulls managed to make the pair hold above support at 1.1269 and counterattacked. The pair formed an inside bar, which points at uncertainty. The break of yesterday's low at 1.124 will make the pair decline to 1.1175. Resistance is near 1.1345. On H1 convergence area of 1.1233-1.1244 became a big obstacle for the bears. If the bulls manage to bring the pair above 1.1290, the pair will fight to overcome the lower border of the bullish channel. On the contrary, another test of support will increase the risks of decline to 1.1169. More: https://new.fxbazooka.com/analytics/10213 Quote Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Share Posted August 26, 2016 Gold: bears want to leave the ledge 8/26/2016 On the daily chart of XAU/USD the bears managed to bring the pair below the lower border of the short-term uptrend and pull it to support at $1313 an ounce. Successful test of the ledge's lower border ("Spike and ledge" pattern based on 1-2-3) will allow the pair to slide towards $1280 and lower. On H1 after the pair reached target of the triangle and settled below $1345, so that the bears got control. Targets of senior and junior AB=CD patterns allowed to spot convergence area of $1312-1316. Its successful test will make the pair resume descent, recoil will allow the pair to rise towards $1332,5. More: https://new.fxbazooka.com/analytics/10214 Quote Link to comment Share on other sites More sharing options...
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