riki143 Posted September 6, 2016 Share Posted September 6, 2016 EUR/CAD falling inside c-wave 9/6/2016 EUR/CAD falling inside c-wave Next sell target - 1.4300 EUR/CAD has been falling in the last few trading sessions inside the c-wave of the minor ABC correction (ii) from the start of August. The active c-wave started when the pair reversed down from the resistance zone lying between the pivotal resistance level 1.4670 (which stopped the earlier impulse wave (i)), upper daily Bollinger Band and the 61.8% Fibonacci retracement of the previous downward impulse from the start of April. EUR/CAD is expected to fall down further in the active c-wave toward the next sell target at the powerful support level 1.4300 (which earlier reversed the pair sharply in June, as can be seen below). More: https://new.fxbazooka.com/analytics/10361 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 USD/CAD before BoC interest rate decision: Are the bulls ready to come back? 9/7/2016 Today will be a volatile session for CAD pairs, as the Bank of Canada will release its interest rate decision at 14:00 GMT, where the markets are forecasting an unchanged outcome on the 0.50% which has been held since May 2015. At the same time, the Ivey PMI will post the number for August and analysts are expecting a decline from 57.0 to 55.4 and that could add pressure on the Canadian dollar across the board, in the context of recent Oil macroeconomic's developments. Our technical picture for USD/CAD at H4 chart is strongly bearish, as the pair is currently facing a strong support at the 1.2837 level, as we're still seeing weakness on the Loonie since the last week. That zone should provide a pivot move and eventually it can resume the bullish structure, but a consolidation below that level, can open the doors to visit the 1.2779 area on a short-term basis. More: https://new.fxbazooka.com/analytics/10362 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 EUR/USD: breaking through the Cloud 9/7/2016 Technical levels: support – 1.1220/30; resistance – 1.1280, 1.1300. Trade recommendations: 1. Buy — 1.1230; SL — 1.1210; TP1 — 1.1280; TP2 – 1.1300. Reason: the prices are above the Cloud; a new golden cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud but the rising Senkou Span A and B. More: https://new.fxbazooka.com/analytics/10365 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 GBP/USD: going to the new highs 9/7/2016 Technical levels: support – 1.3365, 1.3315; resistance – 1.3480. Trade recommendations: 1. Buy — 1.3365; SL — 1.3345; TP1 — 1.3450; TP2 — 1.3480. 2. Sell — 1.3480; SL — 1.3500; TP1 — 1.3365; TP2 — 1.3250. Reason: rising bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen; rising Kijun-sen. More: https://new.fxbazooka.com/analytics/10366 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 USD/JPY: falling down under the Cloud 9/7/2016 Technical levels: support – 101.20, 100.40; resistance – 101.75, 101.90. Trade recommendations: 1. Sell — 101.90; SL — 102.10; TP1 — 101.20; TP2 — 100.40. Reason: a bullish Ichimoku Cloud, but the falling down Senkou Span A; a dead cross of Tenkan and Kijun; the prices are under the Cloud. More: https://new.fxbazooka.com/analytics/10367 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 EUR/USD: downward correction is about to start[/] 9/7/2016 There’s a bullish “Double Bottom”, which led to the current upward price movement. Finally, bulls faced a resistance at 1.1270, so we’ve got a local consolidation. Therefore, the market is likely going to reach the nearest support at 1.1232 – 1.1220 in the short term. If a pullback from this area happens, there’ll be an opportunity to have another bullish rally towards a resistance at 1.1282 – 1.1324. As we can see on the one-hour chart, there was a consolidation between the 55 Moving Average and the closest support at 1.1145. However, bulls came back into the market, so we’ve got an achievement of a resistance at 1.1251. So, it’s likely that buyers are going to reach the next resistance at 1.1270, but if a pullback from this level arrives, then a downward correction becomes possible. More: https://new.fxbazooka.com/analytics/10368 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 GBP/USD: bulls going to test last high once again 9/7/2016 Yesterday bulls reached a resistance at 1.3471, so we’ve got a local consolidation in progress. Also, there’s a “V-Top” pattern, so the market is likely going to decline towards a support at 1.3370 – 1.3345 in the short term. At the same time, if we see a pullback from this area, there’ll be a chance to have an upward movement in the direction of a resistance at 1.3502 – 1.3533. We’ve got a “Double Top” on the one-hour chart, but bulls are likely going to try to break the last high once again during the day. Nevertheless, it’s possible to have a downward correction towards a support at 1.3374 – 1.3351. More: https://new.fxbazooka.com/analytics/10369 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 AUD/NZD broke key support level 1.0320 9/7/2016 AUD/NZD broke key support level 1.0320 Next sell target - 1.0200 AUD/NZD today broke below the key support level 1.0320 (which stopped the previous intermediate impulse wave (1) at the start of July, as can be seen below). The breakout of the support level 1.0320 is expected to further accelerate the active minor impulse wave 3, which belongs to the intermediate downward impulse (3) of the primary impulse wave ? from the middle of March. AUD/NZD is expected to fall down further to the next sell target at the support level 1.0200 (target price calculated for the termination of the active minor impulse wave 3). More: https://new.fxbazooka.com/analytics/10372 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 NZD/USD reached buy target 0.7400 9/7/2016 NZD/USD reached buy target 0.7400 Next buy target - 0.7500 NZD/USD continues to rise sharply – following the earlier breakout of the resistance zone lying at the intersection of the resistance level 0.7400 (which was set as the buy target in our previous forecast for this currency pair) and the upper resistance trendline of the wide daily up channel from January. The breakout of the aforementioned resistance zone greatly accelerated the active minor impulse wave 3 – which belongs to the intermediate ©-wave from the end of May. NZD/USD is expected to rise further to the next buy target at the next resistance level 0.7500. More: https://new.fxbazooka.com/analytics/10373 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 EUR/USD: "Tweezers" points to a possible bearish correction 9/7/2016 There’s a “Hammer” at the local low, which has been confirmed enough. However, we’ve got a “Harami” at the last high, so the market is likely going to test the nearest support line. If we see a pullback from this level, there’ll be an opportunity to have a bullish price movement towards the upper “Window”. As we can see on the Daily chart, there’re a “Harami”, a “Hammer” and an “Inverted Hammer” at the local low. Under this circumstances, bulls are likely going to achieve the nearest “Window” in the short term. The pair has been rising since a “Tweezers” formed at the last low. At the same time, we’ve got a “Doji”, a “Shooting Star” and a “Tweezers” at the local highs, so bears are likely going to test the 21 Moving Average during the day. More: https://new.fxbazooka.com/analytics/10374 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 Key option levels for Wednesday, September 7th 9/7/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 102 ? + 138 807 ? Closest resistance levels 1.1268/78; 1.1295; 1.1323; 1.1361 Closest support levels 1.1236; 1.1214; 1.1182; 1.1141 Trading recommendations Baseline scenario Short EUR/USD below 1.1236, with target points at 1.1214 and 1.1182 Alternative scenario Moving above 1.1268 can be considered as a signal to buy the pair, with target at 1.1295 and 1.1323 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 1 275 ? + 1 096 ? Closest resistance levels 1.3448; 1.3469; 1.3491; 1.3523 Closest support levels 1.3371; 1.3335; 1.3292; 1.3246 Trading recommendations Baseline scenario (High risk of reversal) Short GBP/USD below 1.3371, with target points at 1.3335 and 1.3292 Alternative scenario Moving above 1.3448 can be considered as a signal to buy the pair, with target at 1.3469 and 1.3491 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 4 240 ? + 2 668 ? Closest resistance levels 102.20(32?); 102.54; 102.85; 103.25 Closest support levels 101.55 (critical); 101.25; 100.86; 100.42 Trading recommendations Baseline scenario Long USD/JPY above 102.20, with target points at 102.54 and 102.85 Alternative scenario Moving below 101.55 can be considered as a signal to sell the pair, with target at 101.25 and 100.86 EUR JPY GBP More: https://new.fxbazooka.com/analytics/10375]https://new.fxbazooka.com/analytics/10375 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 USD/JPY: bears going to reach "Window" 9/7/2016 There’s a bullish “Doji” at the local low, but its confirmation isn’t enough. Therefore, the market is likely going to test the upper “Window”, but if we see a pullback from it, there’ll be an opportunity to have a new low. As we can see on the Daily chart, the last “Dark Cloud” pattern did such a good job, so bears are likely going to move on. The pair is declining, but we’ve got a “High Wave” at the last low. So, the price is likely going to test the 13 Moving Average. If we have a pullback from this line, another downward movement becomes possible. More: https://new.fxbazooka.com/analytics/10376 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 7, 2016 Share Posted September 7, 2016 EUR/USD: consolidation inside "Triangle" 9/7/2016 The wave count has been changed. We’ve got a new high, so the last downward price movement turns out to be a zigzag in wave [w]. So, the price is likely going to test 5/8 Murrey Math Level (P=200). If we see a pullback from this level, there’ll be an opportunity to have wave [y] of D. The price has been rising since a zigzag in wave ( was formed. There’s a possible ending of wave iv, so bulls are likely going to deliver wave v of © shortly. The main intraday target is 6/8 MM Level. More: https://new.fxbazooka.com/analytics/10377 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 Forex trading plan for September 8 9/7/2016 US dollar kept suffering after American ISM services PMI fell by 4.1 pints to 6-1/2-year low of 51.4 in August. The release reduced the prospects of the Federal Reserve’s interest rate hike on September 21 meeting. The futures market is now pricing only 15% odds of this month’s rate hike. EUR/USD: German industrial production unexpectedly fell in July by 1.5%. All eyes on Thursday will be on the ECB meeting (11:45 GMT) and Mario Draghi’s press conference (12:30 GMT). The European Central Bank is expected to keep interest rate unchanged, but may extend QE program or adjust its rules to ease a perceived scarcity of bonds available to buy. Most economists surveyed by Bloomberg expect the ECB to make these steps before the year-end. The reason to expect some action from the ECB is low inflation and Brexit, which poses negative risks for the European economy. EUR/USD ran into resistance in 1.1280 area (previous support and now resistance line, 100-week MA). The lack of action from the ECB will make the pair rise to 1.1360. Support is at 1.1200, 1.1170 and 1.1150. GBP/USD: Despite strong manufacturing PMI released last week, British manufacturing production came in at -0.9%, worse that the forecast of -0.4%. The nation’s industrial production showed better dynamics rising by 0.1%. The Bank of England’s Governor Carney said that the economy is a bit stronger that the BOE forecasted, but underlined that all elements of stimulus can be increased and it is proposed to do so if necessary. GBP/USD returned below 1.3400 and we will likely see more downside. The main support lies at 1.3300, return below this level will open the way down to 1.3225. USD/JPY: There was a report from the Sankei newspaper that the Bank of Japan policymakers are divided ahead of the central bank's next meeting on September 20-21. This rumors decrease the possibility of monetary stimulus from the BOJ. Japan will release current account and final Q2 GDP early on Thursday. USD/JPY looks vulnerable for further declines. The target is at 100.75. AUD/USD: Australian GDP growth turned out to be lower than expected – 0.5% vs. the forecast of 0.6%, while the precious growth was revised down to 1%. On Thursday the nation will release trade balance figures (deficit is expected to narrow). Also watch the publication of China’s trade balance – it usually has a big impact on the market’s risk sentiment. Resistance lies at 0.7700 and 0.7755. Remember that the pair failed to overcome the latter in August. Support is at 0.7650 and 0.7600. USD/CAD: The Bank of Canada left the benchmark interest rate unchanged at 0.50%, but accompanied its decision with a dovish statement highlighting downside risks for economic growth. Canada’s Ivey PMI missed expectations. USD/CAD recovered from support in the 1.2825 area and may strengthen to 1.2925. Watch oil inventories data from the US on Thursday as Canada’s a big oil exporter. EUR JPY AUD G More: https://new.fxbazooka.com/analytics/10378 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 EUR/USD & September's ECB Meeting: Is the time for sellers? 9/8/2016 Today at 11:45 GMT we'll have the ECB interest rate decision, where it's expected to leave unchanged the rates on the zero level. At 12:30 GMT, Mario Draghi will speak during a press conference and analysts think that he'll stay on its overall tone (dovish), but there are no certainties about what will happen with the QE program. In one scenario, the central bank could expand it and that should be announced during today's meeting, of course, if Draghi wants it. The technical picture for EUR/USD at H4 chart ahead of ECB meeting is bullish, as the pair gained momentum around the 200 SMA zone, following a rebound that it performed during last week and earlier this week too. A strong resistance is seen at the 1.1254 level, where a breakout should happen to test the 1.1339 level. In the very dovish-scenario, if EUR/USD manages to break the support zone of 1.1141, then the next target would be the 1.1045 price level. More: https://new.fxbazooka.com/analytics/10379 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 EUR/USD: consolidation going to move on 9/8/2016 The market is consolidating under the closest resistance at 1.1270. Therefore, bears are likely going to reach a support at 1.1220 in the short term. If we see a pullback from this line, there’ll be a chance to have another bullish movement towards the next resistance at 1.1282 – 1.1324. As we can see on the one-hour chart, the price is moving in a flat’s range between a resistance at 1.1270 and a support by the 34 Moving Average. In this case, it’s likely to see an achievement of the nearest resistance at 1.1262 – 1.1270 during the day. However, if a pullback from this area happens, bears will probably try to get a support on the 55 Moving Average. More: https://new.fxbazooka.com/analytics/10382 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 GBP/USD: "Double Top" gets in the way of bulls 9/8/2016 We’ve got a “V-Top” pattern, so the price reached a support at 1.3302. Therefore, the market is likely going to achieve the next support at 1.3277 – 1.3247 in the short term. Considering the previously formed “Double Bottom” pattern, there’s an opportunity to have an upward movement in the direction of a resistance at 1.3440 later on. The last consolidation under a resistance at 1.3471 was finally ended by yesterday’s bearish rally. However, the price faced a support at 1.3316, so we’ve got an intraday correction in progress. Also, there’s a local “V-Bottom” pattern, so bulls are likely going to get a resistance at 1.3423 – 1.3444 during the day. If a pullback from these levels arrives, there’ll be a chance to have another decline towards a support at 1.3287 – 1.3251. More: https://new.fxbazooka.com/analytics/10383 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 Key option levels for Thursday, September 8th 9/8/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 122 624 ? - 65 041 ? Closest resistance levels 1.1266; 1.1285; 1.1316; 1.1357 Closest support levels 1.1232; 1.1213; 1.1182; 1.1142 Trading recommendations Baseline scenario Long EUR/USD above 1.1266, with target points at 1.1285 and 1.1316 Alternative scenario Moving below 1.1232 can be considered as a signal to Sell the pair, with target at 1.1213 and 1.1182 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 3 452 ? + 3 327 ? Closest resistance levels 1.3360; 1.3382; 1.3415; 1.3457 Closest support levels 1.3323/06; 1.3278; 1.3239; 1.3195 Trading recommendations Baseline scenario (High risk of reversal) Short GBP/USD below 1.3323, with target points at 1.3306 and 1.3278 Alternative scenario Moving above 1.3360 can be considered as a signal to buy the pair, with target at 1.3382 and 1.3415 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 2 235 ? + 2 208 ? Closest resistance levels 101.84(99?); 102.26; 102.66; 103.14 Closest support levels 101.52; 101.28; 100.91; 100.46 Trading recommendations Baseline scenario Long USD/JPY above 101.84, with target points at 102.26 and 102.66 Alternative scenario Moving below 101.52 can be considered as a signal to sell the pair, with target at 101.28 and 100.91 USD/CAD Main trend Short-term period Medium-term period Bullish Bullish Changes in the open interest + 861 ? + 137 ? Closest resistance levels 1.2908; 1.2937; 1.2997 Closest support levels 1.2862; 1.2809 (?) Trading recommendations Baseline scenario Long USD/CAD above 1.2908, with the target points at 1.2937 and 1.2997 Alternative scenario Moving below 1.2862 can be considered as a signal to sell the pair, with target at 1.2809 EUR JPY GBP CAD More: https://new.fxbazooka.com/analytics/10384 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 GBP/AUD reversed from resistance zone 9/8/2016 GBP/AUD reversed from resistance zone Next sell target - 1.7000 GBP/AUD recently reversed down from the resistance zone lying between the pivotal resistance level 1.7650 (which has been reversing the price from July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave from the end of June. The downward reversal from this resistance zone started the (-wave of the active minor ABC correction 4. GBP/AUD is expected to fall down further to the next sell target at the round support level 1.7000 (target price calculated for the completion of the active (-wave). Sell stop-loss can be placed above the aforementioned resistance level 1.7650. More: https://new.fxbazooka.com/analytics/10388 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 AUD/CAD rising inside minor impulse wave 9/8/2016 AUD/CAD rising inside minor impulse wave Next buy target - 1.0000 AUD/CAD continues to rise inside the minor impulse wave (iii) – which started earlier – when the pair reversed up from the support zone lying between the support level 0.9800 (which also previously reversed the wave 2 with the daily Morning Star in August, as can be seen from the daily AUD/CAD charts below), the lower daily Bollinger Band and the 38.2% Fibonacci correction level of the previous sharp upward impulse wave 1 from May. AUD/CAD is expected to rise further in the active impulse waves (iii), 3 and © toward the next buy target at the resistance level 1.0000. Strong support remains at the aforementioned support level 0.9800. More: https://new.fxbazooka.com/analytics/10390 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 EUR/USD: "Window" waiting for bulls 9/8/2016 There’s a local bullish trend on the four-hour chart. Also, we’ve got a “Harami” at the local low, which has been confirmed. The last candles are bullish and there isn’t any reversal pattern so far, which makes possible an achievement of the upper “Window” in the short term. As we can see on the Daily chart, today’s candle are white, but it’s likely to see any bearish pattern on the nearest “Window”. We’ve got a “Tweezers” and “Engulfing” at the local low, which led to the current upward price movement. Moreover, there’s a “Three Methods” pattern, which has been confirmed. Therefore, the market is likely going to reach the nearest resistance level. More: https://new.fxbazooka.com/analytics/10391 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 USD/JPY: bears going to deliver new low 9/8/2016 There’s a bearish “Harami” at the local high, but its confirmation isn’t enough. So, the market is likely going to test the nearest “Window” once again. If we see a pullback from it, there’ll be an opportunity to have another decline. As we can see on the Daily chart, the last “Hammer” remains unconfirmed, so bears are likely going to move on. The price has been falling down since an “Evening star” was formed at the last high. Also, there’s a strong resistance by the nearest “Window” and the Moving Averages. We’ve got an “Engulfing”, but its confirmation is a quite weak. Therefore, it’s likely to see another test of the “Window”. If there’s a pullback from it, bears are likely going to deliver a new low. >More: https://new.fxbazooka.com/analytics/10392 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 What do analysts recommend ahead of the ECB? 9/8/2016 Morgan Stanley: Bullish view on the euro. So far the euro zone’s economy hasn’t been hit too hard by Brexit. ECB will ease policy in December. Barclays: The ECB will adopt a wait and see approach. The outlook for EUR/USD is neutral. Bank of Tokyo Mitsubishi: The ECB will extend QE only in October or December. EUR/USD will gain. RBS: ECB will extend QE to September 2017. Bank of America Merrill Lynch: The ECB will extend QE, but negative impact on the euro will be limited. Societe Generale: The danger is that the ECB does nothing at the meeting. This won’t lead to a surge in the euro, but it will be supportive. EUR More: https://new.fxbazooka.com/analytics/10393 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 ECB: main moments of Mario Draghi’s press conference 9/8/2016 - The euro zone’s economy is resilient, but the risks to the economic growth are to the downside. - The ECB will continue its monetary stimulus measures. - Economic growth and inflation forecasts are slightly revised to the downside, but not enough to make the ECB rate. - Draghi acknowledged that the ECB won’t be able to keep buying 80 billion euro of bonds a month, so the central bank is studying the options for smooth implementation of asset purchase program. - The ECB realized the constraints in its QE program, but Draghi underlined the ECB’s determination to reach its targets. The ECB President, however, didn’t provide any details of how it plans to do so. - Without monetary stimulus from the ECB, the euro area would be severely hit by the economic shocks. More: https://new.fxbazooka.com/analytics/10394 Quote Link to comment Share on other sites More sharing options...
riki143 Posted September 8, 2016 Share Posted September 8, 2016 EUR/USD: wave i going to begin 9/8/2016 https://new.fxbazooka.com/img/articles/10395/Image20160908163204001.png There’s a possible ending of wave [x] in a form of a zigzag. So, it’s likely that bears are going to deliver wave [y] of D soon. However, a confirmation is required, so we should wait until the price finds a lodgement under 5/8 Murrey Math Level (P=200). If so, the next intraday target will be 1/8 MM Level. As we can see on the one-hour chart, bulls haven’t broken 7/8 MM Level, which points to a possible ending of the current upward impulse in wave © of [x]. Therefore, it’s likely to have a bearish wave i, which is going to reach 4/8 MM Level. More: https://new.fxbazooka.com/analytics/10395 Quote Link to comment Share on other sites More sharing options...
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