riki143 Posted September 5, 2016 Share Posted September 5, 2016 GBP/USD & UK Services PMI: Where will we see the top on Sterling? 9/5/2016 Today at 08:30 GMT will be published the UK services PMI and analysts are expecting a somehow of increase from 47.4 to 49.1. As that indicator had been posting numbers below the 50.0 levels, we're in front of a contraction in the industry expansion. June and July's readings showed a 47.4 data. With the current “improvement” forecast, GBP pairs should have some strength during today's session, which is expected to be slow due to the Labour day in the United States. The technical analysis for GBP/USD at H4 chart is showing that the pair is following a bullish trend line from the August 15th low. A consolidation above the support zone of 1.3260 is showing a higher high pattern formation below a strong sellers area at the 1.3355 level. Remind that the Cable consolidated gains above the 200 SMA during last week and a good data from the UK services PMI can push it to test the 1.3424 level. More: https://new.fxbazooka.com/analytics/10323 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/USD: noone wanted to yield 9/5/2016 On the daily EUR/USD chart there's desperate struggle between large buyers and sellers. The pair recoiled from the lower border of the shorts accumulation area of 1.1250-1.1350 and returned to longs accumulation area of 1.1130-1.12. The decline will resume only below 1.113. On H1 EUR/USD, as expected, reached the targets of the widening wedge. Hold shorts from 1.1231. Replace Stop Loss to the breakeven area. The break of support at 1.1130 will allow traders to increase positions. The nearest resistance is at 1.125 More: https://new.fxbazooka.com/analytics/10324 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 USD/JPY: bulls made a large player angry 9/5/2016 On the daily chart USD/JPY didn't managed to overcome resistance at 104.24, which lies at the upper border of the descending trend channel. gere is also 38.2% Fibo of the previous descending wave and the lower border of the shorts accumulation range. In the coming days we'll watching whether the large player will defend his positions or not. On H1 USD/JPY is forming a widening wedge. reversal model will start working after the pair gets to point 3 (102,8). The following correction will provide a chance to enter short positions targeting at least 102. The break of resistance at 104.24, on the contrary, will allow the bulls to continue rally. More: https://new.fxbazooka.com/analytics/10325 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/USD: the Bulls are active again 9/5/2016 Technical levels: support – 1.1170; resistance – 1.1205, 1.1245. Trade recommendations: 1. Buy — 1.1170; SL — 1.1150; TP1 — 1.1245; TP2 – 1.1280. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud but the rising Senkou Span A. More: https://new.fxbazooka.com/analytics/10326 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 AUD/USD: testing the Cloud 9/5/2016 Technical levels: support – 0.7560; resistance – 0.7610, 0.7625. Trade recommendations: 1. Sell — 0.7620; SL — 0.7640; TP1 — 0.7560; TP2 — 0.7530. Reason: a golden cross, but the all lines of Ichimoku Indicator are horizontal; a bearish Ichimoku Cloud. More: https://new.fxbazooka.com/analytics/10327 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 USD/JPY: the overbought market 9/5/2016 Technical levels: support – 102.50, 101.20; resistance – 103.70, 104.10. Trade recommendations: 1. Sell — 103.50; SL — 103.70; TP1 — 102.50; TP2 — 101.20. Reason: a bullish Ichimoku Cloud and the golden cross of Tenkan-sen and Kijun-sen, but the strong resistance near 104.00; overbought market. More: https://new.fxbazooka.com/analytics/10328 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/USD: "V-top" led to decline 9/5/2016 The price faced a resistance at 1.1244, which led to form a “Thorn” pattern, so bears reached a support at 1.1160 last Friday. Therefore, the market is likely going to continue falling down towards the next support at 1.1130 in the short term. If we see a pullback from this level, then bulls will probably try to get a resistance at 1.1232 – 1.1244. More: https://new.fxbazooka.com/analytics/10329 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 GBP/USD: support waiting for bears 9/5/2016 We’ve got a “Triple Bottom” pattern, which led to the current upward price movement. Bulls faced a resistance at 1.3345 last Friday, so there’s a local consolidation. Therefore, the market is likely going to reach a support at 1.3277 – 1.3247 in the short term. However, if a pullback from this area happens, bulls will probably try to move on. The price faced a resistance at 1.3370, so there’s a “V-Top” pattern at the local high. It’s likely that bulls are going to test this resistance once again, but if we see a pullback from this level, there’ll be a chance to have another decline. More: https://new.fxbazooka.com/analytics/10330 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/USD: bearish wedge going to move on 9/5/2016 There’s a possible wedge in wave (a). Previously, we’ve got two pullbacks from 6/8 Murrey Math Level (P=200), which led to the current downward price movement. Wave iv was formed last Friday, so there’s an opportunity to have wave v of (a) in the short term. The main bearish target is 1/8 MM Level. As we can see on the one-hour chart, there’s a zigzag in wave iv, so we’ve got a downward impulse in wave [1] as a result. Under this circumstances, it’s likely to have wave [3] of v soon, so we should keep an eye on -1/8 MM Level as a possible bearish target. More: https://new.fxbazooka.com/analytics/10331 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 Key option levels for Monday, September 5th 9/5/2016 EUR/USD (UPD 8:59 UTC) Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 86 464 ? + 222 250 ? Closest resistance levels 1.1187; 1.1205; 1.1231; 1.1266 Closest support levels 1.1157; 1.1134; 1.1110; 1.1078 Trading recommendations Baseline scenario Short EUR/USD below 1.1157, with target points at 1.1134 and 1.1110 Alternative scenario Moving above 1.1187 can be considered as a signal to buy the pair, with target at 1.1205 and 1.1231 GBP/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest - 140 ? + 924 ? Closest resistance levels 1.3325(38?); 1.3360; 1.3388; 1.3423 Closest support levels 1.3275; 1.3238; 1.3210; 1.3174 Trading recommendations Baseline scenario Long GBP/USD above 1.3325, with the target points at 1.3360 and 1.3388 Alternative scenario Moving below 1.3275 can be considered as a signal to sell the pair, with target at 1.3238 and 1.3210 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 2 983 ? + 2 242? Closest resistance levels 104.04; 104.24; 104.44; 104.70 Closest support levels 103.37(?); 103.09; 102.75; 102.35 Trading recommendations Baseline scenario Long USD/JPY above 104.04, with target points at 104.24 and 104.44 Alternative scenario Moving below 103.37 can be considered as a signal to sell the pair, with target at 103.09 and 102.75 EUR JPY GBP More: https://new.fxbazooka.com/analytics/10336 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/NZD approaching support level 1.5220 9/5/2016 EUR/NZD approaching support level 1.5220 Next sell target - 1.5100 EUR/NZD has been falling sharply in the last few trading sessions – following the earlier breakout of the support level 1.5400 (which was set as the sell target in our previous forecast for this currency pair). The breakout of the support level 1.5400 accelerated the active impulse wave 3 – which belongs to the intermediate impulse wave (3) from July (which started when the pair reversed down from the major pivotal resistance level 1.5850, former powerful support from December). EUR/NZD is approaching the support level 1.5220 (low of impulse wave 1). If the price breaks below 1.5220 - the pair can then fall to the next sell target at 1.5100 (low of impulse (1)). More: https://new.fxbazooka.com/analytics/10337 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/AUD falling inside minor impulse wave 9/5/2016 EUR/AUD falling inside minor impulse wave Next sell target - 1.4600 EUR/AUD continues to fall inside the minor impulse wave (iii) – which started earlier – when the pair reversed down from the resistance zone lying between the resistance level 1.4900 (which reversed the previous minor correction (ii) in August), the upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse from the middle of May. The active impulse wave (iii) belongs to the sharp C-wave from May. EUR/AUD is expected to fall down further to the next sell target at the support level 1.4600. Strong resistance remains at 1.4900. More: https://new.fxbazooka.com/analytics/10338 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 EUR/USD: "Harami" points to a possible new low 9/5/2016 We’ve got a “Doji” and a “High Wave” at the last high, which both have been confirmed. Therefore, the market is likely going to test the nearest “Window” once again. If we see a pullback from this level, there’ll be an opportunity to have another upward price movement. As we can see on the Daily chart, the pair has been declining since a “Harami” was formed at the last high. So, it’s likely that we’re going to see the second test of the closest support line. There’re a “High Wave” and a “Long Shadow” patterns, which all have a confirmation. Moreover, there’s a resistance by the 55 Moving Average, so the market is likely going to reach the next support line. More: https://new.fxbazooka.com/analytics/10339 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 5, 2016 Share Posted September 5, 2016 USD/JPY: “Evening Doji Star” set up bearish correction 9/5/2016 We’ve got a pullback from the upper “Window”, which brought bearish patterns such a “Doji”, an “Engulfing” and a “Three Black Crows”. Considering that all these patterns have been confirmed, there’s an opportunity to have a decline towards the nearest support line. As we can see on the Daily chart, there’s a possible “Dark Cloud” on the 34 Moving Average line. If this pattern confirms, bears will probably try to deliver a downward correction. There’s an “Evening Doji Star” at the last high, which has a confirmation, so the market is likely going to falling down towards the nearest support. If we see a pullback from this line, there’ll be a chance to have another bullish rally. More: https://new.fxbazooka.com/analytics/10342 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 EUR/USD ahead of ISM Non-Manufacturing PMI: Where are the bulls? 9/6/2016 Today at 14:00 GMT will be released the ISM Non-Manufacturing PMI in the United States, which is expected to see a decline from 55.5 to 55.0. Because of the market's reaction, readings above the forecasted should strengthen the bullish scenario on the US Dollar, but following a weak NFP data posted last Friday, that scenario isn't feasible at all, so the chances are low to see a positive reading today. With the technical analysis of EUR/USD at H1 chart, we expect to see downside continuation's limited by the support zone of 1.1129. The 200 SMA is still providing a dynamic resistance over this pair and eventually we may see an attempt to break the resistance level of 1.1208. If that happens, then the next step for bulls would be the 1.1300 in a short-term basis. More: https://new.fxbazooka.com/analytics/10343 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 AUD/USD: the bulls are serious 9/6/2016 On the daily AUD/USD chart the buyers managed to return the pair inside the bullish trend channel and settle anbove an important level of 76.1 (23.6% Fibo of the last medium-term wave). As long as the pair is trading above 0.757, the market's sentiment will remain bullish. On H1 AUD/USD breached above the upper border of the bullish channel and convergence area of 0.762-0.763. It means that the bulls are serious. The bears, on the other hand, will start their counterattack from 0.7655 and 0.7675. Near the latter one may find 88.6% target of the inversed "Shark" pattern. More: https://new.fxbazooka.com/analytics/10345 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 AUD/USD: the Bulls are started attacking 9/6/2016 Technical levels: support – 0.7560, 0.7610; resistance – 0.7640, 0.7680. Trade recommendations: 1. Buy — 0.7610; SL — 0.7590; TP1 — 0.7680; TP2 — 0.7700. Reason: the prices are breakout the Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; narrowing bearish Ichimoku Cloud and rising Senkou Span A. More: https://new.fxbazooka.com/analytics/10348 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 USD/JPY: hard to rise 9/6/2016 Technical levels: support – 102.50, 101.20; resistance – 103.70, 104.10. Trade recommendations: 1. Sell — 103.50; SL — 103.70; TP1 — 102.50; TP2 — 101.20. Reason: a bullish Ichimoku Cloud and the cancelled golden cross of Tenkan-sen and Kijun-sen; the strong resistance near 104.00. More: https://new.fxbazooka.com/analytics/10349 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 EUR/USD: "Double Bottom" stopped bears 9/6/2016 There’s a “Thorn” pattern, which led to an achievement of the nearest support at 1.1145. So, the market is likely going to reach the next support at 1.1130 – 1.1113 in the short term. If we see a pullback from this area, there’ll be an opportunity to have a bullish correction towards a resistance at 1.1196 – 1.1220. We’ve got a consolidation between the 55 Moving Average and the closest support at 1.1145. Therefore, bulls are likely going to catch a resistance near the 89 Moving Average. However, if a pullback from this line happens, bears will probably try to reach a support at 1.1122. More: https://new.fxbazooka.com/analytics/10354 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 Forex tips: Pivot Points Multi-timeframe indicator 9/6/2016 How is pivot point calculated? Pivot Point is a technical indicator calculated as the average of the high, low and closing prices from the previous trading period. This central pivot point is used to calculate further support and resistance levels. You can see the formulas below: Pivot Point = (Previous High + Previous Low + Previous Close) / 3 Resistance Level 1 = (2 * Pivot Point) - Previous Low Support Level 1 = (2 * Pivot Point) - Previous High Resistance Level 2 = (Pivot Point - Support Level 1) + Resistance Level 1 Support Level 2 = Pivot Point - (Resistance Level 1 - Support Level 1) Resistance Level 3 = (Pivot Point - Support Level 2) + Resistance Level 2 Support Level 3 = Pivot Point - (Resistance Level 2 - Support Level 2) In MT4 the calculation of these levels is automatic, you just need to download special indicator. How to trade using pivot point levels? If the prices trade above the pivot point, the sentiment is bullish, while if the pair is below the pivot point, the sentiment is bearish. Pivot Point is also used to determine entry and exit levels. If the price is below the pivot point, downward movement is expected to continue, so take profit order levels should be placed at pivot support levels. If the price is above the pivot point, upward movement is expected to continue, so take profit order levels should be placed at pivot resistance levels. If the market shows strong directional movement, pivot point is used as an entry level. If the market is ranging, trade on the recoil from the first support/resistance level. Where to download Pivot Point indicator? You can download Pivot Points Multi-timeframe indicator here. The indicator provides a choice of several timeframes to calculate pivot points. Daily and weekly pivots are most popular on Forex. How to install: - Download the indicator file. - Open MT4. - Go to File – Open Data Folder – MQL4 – Indicators. - Copy the file that you downloaded and paste in the folder mentioned above. - Restart MT4 and apply this indicator on any timeframe (Insert – Indicators – Custom – Pivot Points Multi-timeframe). When customizing the indicator choose the timeframe you want to use for pivot point calculation. For example, here we choose the weekly timeframe: More: https://new.fxbazooka.com/analytics/10355 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 GBP/USD: consolidation after three "V-tops" in a row 9/6/2016 There’s a “V-Top” pattern, so the price is consolidating. Therefore, the market is likely going to reach a support at 1.3277 – 1.3247 in the short term. Considering a previously formed “Triple Bottom” pattern, there’s a chance to see an upward movement in the direction of an area between the levels 1.3370 – 1.3471. We’ve another “V-Top” on the one-hour chart. In this case, the price is likely going to achieve a resistance at 1.3351 – 1.3374 during the day. At the same time, if a pullback from these levels be on the table, bears will probably try to approach a support at 1.3277 – 1.3262. More: https://new.fxbazooka.com/analytics/10356 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 EUR/USD: bears going to develop "Wedge" 9/6/2016 We’ve got a possible wedge in wave (a), which was started after two pullbacks from 6/8 Murrey Math Level (P=200). So, it’s likely that wave v of (a) is going to be continued in the short term. The main bearish intraday target is 1/8 MM Level. Wave iv was ended in a shape of a zigzag, which led to form a downward impulse in wave [1]. So, wave [3] is likely going to move on in the direction of -1/8 MM Level. If we see a pullback from it, there’ll be an opportunity to have wave [4] of v. More: https://new.fxbazooka.com/analytics/10357 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 EUR/USD: "Window" waiting for price 9/6/2016 There’re a “Doji”, a “High Wave” and a “Tower” on the 34 and 55 Moving Averages. However, we’ve got a “Hammer” at the local low, which has been confirmed, so the price is likely going to test 89 Moving Average once again. If a pullback from this line happens, there’ll be a chance to see an upward movement. As we can see on the Daily chart, there’s a consolidation and we’ve got a “Harami” and a “Hammer”, but their confirmation has been canceled by the last “Engulfing” pattern. In this case, the market is likely going to test the nearest Moving Averages again. The price hasn’t find a lodgement above the 89 Moving Average, so we’ve got an “Inverted Hammer”, which has been confirmed. Under this circumstances, bulls are likely going to reach the 89 Moving Average, but if we see a pullback from this line, a downward movement will be on the table. More: https://new.fxbazooka.com/analytics/10358 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 USD/JPY: “Engulfing" highlights possibility to have new local low 9/6/2016 The nearest “Window” acted as a support, so we’ve got bearish patterns here such as an “Engulfing”, a “Doji”, a “Three Black Crows” and a new arrival “High Wave”. However, the last pattern has a quite weak confirmation. Therefore, the market is likely going to reach the 21 Moving Average soon. As we can see on the Daily chart, there’s a “Dark Cloud” pattern, but it hasn’t been confirmed yet, so the pair is likely going to test the closest support line, which could reverse the price movement into an upward direction. There’s a strong support by the 55 Moving Average, but we still don’t have any bullish pattern so far. At the same time, we’ve got an “Engulfing” and a “Harami” at the last high, so the price is likely going to achieve the nearest support line. More: https://new.fxbazooka.com/analytics/10359 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 6, 2016 Share Posted September 6, 2016 USD/CAD reversed from resistance zone 9/6/2016 USD/CAD reversed from resistance zone Next sell target - 1.2800 USD/CAD recently reversed down sharply from the major resistance level 1.3120 (which is the lower boundary of the powerful resistance zone which has been reversing this currency pair from May). The downward reversal from the resistance level 1.3120 created the daily Japanese candlesticks reversal pattern Evening Star – which marked the end of the previous minor ABC correction 2. USD/CAD is expected to fall down further toward the next sell target at the support level 1.2800 (which stopped the previous minor impulse wave 1 in August, as can be seen below). More: https://new.fxbazooka.com/analytics/10360 Quote Link to comment Share on other sites More sharing options...
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