riki143 Posted October 17, 2016 Share Posted October 17, 2016 USD/JPY: bulls are going to have a break 10/17/2016 On the USD/JPY daily chart, there is a consolidation in the range of 103,5-104,5 (the levels 38,2-50% of XA wave). Breakout of its upper boundary will increase the probability of achieving the target 78.6% for the Gartley pattern (105.9). On the contrary, a successful test of the support line will increase the risks of correction in the direction of 102.5. On the USD/JPY hourly chart, if "bulls" fail to breakout the resistance line at 104.55, we will be warned of their weakness. Breakout of the lower boundary of the upward trade channel and realisation of the "Head and shoulders" pattern will cause quotes to fall towards the 102.5 - 102.7 area. Recommendations: we should lock in profits on long positions, BUY 104,55 SL 104 TP 105,5, SELL 103,6 SL 104,15 TP 102,5. More: https://new.fxbazooka.com/analytics/10900 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 USD/CHF: bears are dreaming of a correction 10/17/2016 On the USD/CHF daily chart, "bulls" fulfilled two targets that had been set earlier. In accordance with the principles of "Shark" patterning, if the 113% level is reached, the risk of correction towards 38,2%-50% from the CD wave increases. Then, there should be a restioration of the upward trend. On the USD/CHF hourly chart, if "bulls" fail to break the lower boundary of the upward trade channel and the support line at 0.986, the quotes may fall towards the 0.98 and 0.9785 levels where targets of the "Bat" pattern are located. From these level it pays to form longs Recommendations: BUY 0,98 SL 0,9745 TP 0,991 BUY 0,978 SL 0,9725 TP 0,991 More: https://new.fxbazooka.com/analytics/10901 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 EUR/USD: price going to test Moving Averages 10/17/2016 The price faced a support at 1.0978, which led to form a “V-Bottom” pattern, so there’s a local upward correction in progress. In this case, the market is likely going to reach a resistance at 1.1032 – 1.1045 in the short term. If a pullback from this area happens, bears will have a chance to test the nearest support at 1.0951 – 1.0911. We’ve got another “V-Bottom” pattern on the one-hour chart. Therefore, bulls are likely going to achieve the 55 Moving Average during the day. At the same time, if we see a pullback from this line, there’ll be an opportunity to have a decline towards a support at 1.1000 – 1.0984. More: https://new.fxbazooka.com/analytics/10902 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 GBP/USD: "Pennant" pushing market lower 10/17/2016 The price is consolidating along a level at 1.2226. Also, there’s a “Pennant” pattern, so bears are likely going to push the market even lower towards the next support area at 1.2089 – 1.1726 until any bullish pattern arrives. So, if we see a reversal pattern, there’ll be a chance to have an upward correction. There’s a flat, which is taking place under the Moving Averages. Moreover, we’ve got another “Pennant” here, so the price is likely going to continue falling down in the direction of the nearest support at 1.2098 – 1.1726. Meanwhile, there’s an opportunity to have a bullish correction afterwards. More: https://new.fxbazooka.com/analytics/10903 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 EUR/USD: diagonal triangle 10/17/2016 There’s a bearish impulse in wave , which is taking place on the four-hours chart. It’s likely that wave (v) is going to be continued in the short term. If a pullback from 3/8 Murrey Math Level (P=200) happens, there’ll be an opportunity to have a bullish correction. Considering that the last wave i is a zigzag, there’s a chance to have a diagonal triangle in wave (v). Meanwhile, wave ii is likely going to end in the coming hours, so wave iii could be started soon. The main intraday target is -2/8 MM Level. More: https://new.fxbazooka.com/analytics/10904 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 Key option levels for Monday, October 17th 10/17/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 820 204 ? - 722 993 ? Closest resistance levels 1.1052; 1.1087; 1.1113; 1.1143 Closest support levels 1.0966; 1.0947; 1.0922; 1.0892 Trading recommendations Baseline scenario Short EUR/USD below 1.0966, with target points at 1.0947 and 1.0922 Alternative scenario Moving above 1.1052 can be considered as a signal to Buy the pair, with target at 1.1087 and 1.1113 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 1 005 ? + 1 374 ? Closest resistance levels 1.2278; 1.2310; 1.2352; 1.2377 Closest support levels 1.2153; 1.2127; 1.2092; 1.2070 Trading recommendations Baseline scenario Short GBP/USD below 1.2153, with target points at 1.2127 and 1.2092 Alternative scenario Moving above 1.2278 can be considered as a signal to Buy the pair, with target at 1.2310 and 1.2352 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 883 ? + 1 512 ? Closest resistance levels 104.34; 104.65; 104.85; 105.11 Closest support levels 103.44; 103.25; 103.01; 102.72 Trading recommendations Baseline scenario Long USD/JPY above 104.34, with the target points at 104.65 and 104.85 Alternative scenario Moving below 103.44 can be considered as a signal to sell the pair, with target at 103.25 and 103.01 More: https://new.fxbazooka.com/analytics/10907 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 Tips from Barclays: how to trade ahead of Thursday’s ECB meeting 10/17/2016 The European Central Bank’s meeting scheduled for this Thursday will probably take most of the attention of the market this week. It is expected that there won’t be any changes in monetary policy this month. The recent rumors on QE tapering have been dismissed by ECB senior officials. Growth and inflation in the Eurozone still hardly reach the targets, so, It’s too soon for the ECB to start withdrawing monetary accommodation. The current asset purchase program (APP) is due to expire at the end of March 2017; this ECB conference will be closely watched for signs whether QE will be extended further and if it is extended, when it will happen. Barclays recommends to sell EUR/USD ahead of the ECB meeting on the 20th of October. It entered short via filling a limit order at 1.0990 with a target at 1.0815 and stop-loss at 1.1170. Barclays believes that a possible extension of APP and changes into the QE program will be announced in December. However, Mario Draghi will likely be asked about QE tapering during the press conference. He may answer that it is a bit premature to speak of the QE tapering now. His responses could add some fuel to the EUR/USD movement on Thursday. Societe Generale also predicts a rough week for the euro and believes that it may weaken in course of the upcoming trading session with the USD strengthening on the probability of rate hikes in December and QE talk in the Eurozone. More: https://new.fxbazooka.com/analytics/10908 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 GBP/USD: downtrend may continue 10/17/2016 Technical levels: support – 1.2160; resistance – 1.2200. Trade recommendations: 1. Sell — 1.2150; SL — 1.2170; TP1 — 1.2100; TP2 — 1.2030. Reason: a dead cross of Tenkan-sen and Kijun-sen, but a narrowing channel of Tenkan and Kijun; a bearish Ichimoku Cloud; falling Senkou Span A. More: https://new.fxbazooka.com/analytics/10910 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 AUD/USD: on the support of the Cloud 10/17/2016 Technical levels: support – 0.7580; resistance – 0.7640. Trade recommendations: 1. Buy — 0.7580/90; SL — 0.7560; TP1 — 0.7640; TP2 — 0.7690. Reason: a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; a bearish Ichimoku Cloud, but the rising lines of the Cloud; a strong support of the Cloud. More: https://new.fxbazooka.com/analytics/10911 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 USD/JPY: 104.50 stopped the Bulls moving 10/17/2016 Technical levels: support – 103.90; resistance – 104.20, 104.60, 105.20. Trade recommendations: 1. Buy — 104.00/10; SL — 103.80; TP1 — 104.60; TP2 — 105.20. Reason: a bullish Ichimoku Cloud; narrowing channel of Tenkan-sen and Kijun-sen, but its formed a strong support. More: https://new.fxbazooka.com/analytics/10912 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 EUR/USD: Moving Averages going to act as resistance 10/17/2016 {IMG]https://new.fxbazooka.com/img/articles/10913/1710eurusdh4.png[/img] We’ve got a confirmed “Doji” at the last low, which led to the current upward correction. Therefore, the market is likely going to test the 13 Moving Average in the short term. As we can see on the Daily chart, there isn’t any reversal pattern so far, which means bears will probably move on. [/img]https://new.fxbazooka.com/img/articles/10913/1710eurusdh1.png There’s a bullish “Harami”, so the price is likely going to reach the nearest 34 Moving Average, which could act as a resistance. If a pullback from this line happens, there’ll be an opportunity to have another decline. More: https://new.fxbazooka.com/analytics/10913 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 USD/JPY: "Shooting Star" led to correction 10/17/2016 There’s a support by the 21 & 13 Moving Averages. However, we’ve got an “Engulfing” on the upper “Window”. So, bears are likely going to reach the 34 Moving Average in the short term. As we can see on the Daily chart, there’s a resistance by the nearest “Window” and the 55 Moving Average. Therefore, there’s an opportunity to see a local downward correction. We’ve got a consolidation, which is taking place along the Moving Averages. Previously, a “Shooting Star” has been formed at the local high. So, bears are likely going to achieve the closest support line during the day. More: https://new.fxbazooka.com/analytics/10914 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 GBP/NZD falling inside primary impulse wave 10/17/2016 GBP/NZD falling inside primary impulse wave Next sell target - 1.7000 and 1.6500 GBP/NZD has been under bearish pressure recently – following the earlier breakout of the support level 1.7270, which was set as the sell target for this currency pair. The breakout of the support level 1.7270 accelerated the active intermediate impulse wave (3), which is a part of the primary downward impulse wave ? from the middle of July (which is itself a part of the longer-term downward impulse III from May). GBP/NZD is expected to fall to the next sell target at the support level 1.7000 – the breakout of which can lead to further losses toward 1.6500 (forecast price for the completion of the active downward impulse III). More: https://new.fxbazooka.com/analytics/10915 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 GBP/CHF approaching support level 1.2000 10/17/2016 GBP/CHF approaching support level 1.2000 Next sell target - 1.1800 GBP/CHF continues to fall after the earlier breakout of the support level 1.2200, which was set as the sell target in our previous forecast for this currency pair. The breakout of the support level 1.2200 accelerated the active minor impulse wave 5, which earlier broke the lower boundary of the sideways price range inside which the pair has been trading from the end of June. GBP/CHF is currently approaching the round support level 1.2000. If the price breaks below this support level - GBP/CHF can then fall to the next support level 1.1800 (target price calculated for the completion of the active minor sub-wave (iii)). More: https://new.fxbazooka.com/analytics/10916 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 Price actions strategies 10/17/2016 There was a team of the very minimalist traders, who decided to invent a very simple trading approach without any oscillators, lagging indicators, Fibonacci retracement and looked only at the actions of the price. So, they just removed all these needless things from their trading screens and predicted future price movement with a high degree of accuracy without them. We would like to present you some of their “keep it simple” strategies. 1. Pin Bar Trading Strategy A pin bar is a price action strategy that activates at important support and resistance levels. Pin bars can be taken counter trend as well. They could be easily identified, as they protrude significantly from the surrounding price bars. When they occur, it means that the strong rejection has occurred and that a potential reversal is imminent. A candlestick of this pattern consists of one price bar with small body and long shadow. The shadow shows the area of price that was rejected, and the implication is that price will continue to move in an opposite direction to the shadow of the candlestick. A bearish pin bar signal is the one which has a long upper tail, which shows that there was a rejection of higher prices and that quotes are going to move in the opposite direction in the near-term. A bullish pin bar signal has a long low tail, it shows the rejection of lower prices and tell us that there will be a price hike. There are a few entry options for traders who decided to trade with this strategy. The first one, is when you enter the trade at the current market price. You should keep in mind that the pin bar that gives a reversal signal must be closed before you enter the market or this candle won’t be considered a pin bar. Another entry option for a pin trading signal is entering on a 50% retrace of the pin bar using a limit order. The last option is to place a buy stop above the bullish pin bar’s high and sell stop below the bearish pin bar’s low. 2. Inside Bar Trading Strategy An inside bar pattern is a two-bar price action strategy in which one of the two bars is placed within the low and high ranges of the previous bar. Inside bars indicate a brief consolidation and then a break out in the dominant trend direction. The inside bar strategy combined with a very strongly trending market is one of the best price action setups that shield you from risks and offer very large rewards. If you look at the chart below you will that a nice inside bar setup formed just after the market broke down below a key support level, the setup has since come off significantly lower and it still continues to fall towards the next support. 3. Fakey trading strategy The fakey trading strategy indicates rejection of an important level within the market. Let me explain it with an example. In the chart below we can see the market was moving up until the fakey was formed. The fakey was formed on the false breakout of the inside bar setup which occurred because some of the amateur traders having been deceived by the price movement tried to pick the market top. Then, there was a restoration of a trend – a false break has been created and closed back within the range of the mother bar (the larger one). There are many other strategies that you could use in your intraday trading. The main advantage of these price action strategies is that they could be used by every trader no matter how long he/she trades in forex markets. And in the fact that they are so simple makes them so credible. More: https://new.fxbazooka.com/analytics/10918 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 Key volatile events for the near-time period 10/17/2016 The FOMC meetings The next two FOMC meetings are scheduled for November 1–2 and December 13–14. There is a chance of rate hike at the upcoming meetings, especially at the latter. US presidential elections Donald Trump and Hillary Clinton are entering final straight to the White House. The last presidential debates will be held this week on October 19. The US presidential election is scheduled for Tuesday, November 8, 2016. The election results may heavily influence financial markets. Some analysts believe that a Donald Trump presidency could cause dollar to rise. A stronger US currency is generally negative for all commodities. OPEC meeting On September 28 in the course of the International Energy Forum held in Algeria the Organization of the Petroleum Exporting Countries agreed to reduce output to a range of 32.50 million barrels per day to 33.0 million bpd. But the delicate and critical issue of how much each of the 14 OPEC members will actually produce was left aside. The share of each member will be defined by the High Level Committee at OPEC’s annual meeting scheduled for November 30, 2016. The Algeria agreement boosted market sentiments and commodity prices rallied. BOE, BOJ, RBA Monetary Policy Statements The first week of November is expected to be extremely volatile, as there will be not only the FOMC meeting, but also monetary policy announcements of three major central banks. The week will be opened with BOJ meeting scheduled for November 1. In the last speeches, Bank of Japan Governor H. Kuroda maintained its upbeat view on the national economy. He also claimed that the bank is ready to maintain its ultra-loose monetary policy for as long as needed to reach the long-cherished 2% inflation target. So, with current yen gradual appreciation and low pace of Japan’s economy we should not expect any tightening from BOJ. Then, there will be the Bank of England’s meeting scheduled for November 3. At the last meeting held in September, all 9 MPC members took the wait-and-see approach by voting not to change interest rate. The opinion over the possibility of rate hike or cut is divided. With economy looking healthier after the Brexit vote than expected, cheap money launched for banks, pound’s precipitous depreciation some suggest that BOE’s officials will raise rate this time – although others forecast a cut may still arrive if board decides that economy will need additional stimulus. But there is a great probability that the BOE will sit tight on interest rate in November waiting to hear Chancellor Philip Hammond coming up with Autumn Statement. On November 1 we will also hear the Reserve Bank of Australia’s rate statement. At the last meeting the RBA’s senior officials decided to keep interest rate on hold. We will be waiting for the RBA’s minutes coming this Tuesday to know the intentions of the board members. If the RBA’s officials decide that Australian economy needs additional stimulus, they may undertake additional easing measures. Italian referendum A constitutional referendum is planned to be held in Italy on Sunday 4 December 2016. Voters will be asked whether they approve the amendment of the Italian Constitution to transform the Senate of the Republic into a "Senate of Regions" composed of regional councilors and mayors. Once it’s approved, the Senate’s authority will be drastically curbed, and the Italian government with its minister in charge will be given a free rein. Some people believe that it’s going to produce an effect of a “Brexit” like nature, because Mateo Renzi tied the results of the referendum with his own political career. If the constitutional reform is not approved by Italians, it will leave the door open for the next election. In the rise of immigration crisis and numerous Eurozone problems, Five Star Movement, a party mainly composed of political novices could win the next race. More: https://new.fxbazooka.com/analytics/10917 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 17, 2016 Share Posted October 17, 2016 Cherry-blossom trading strategy 10/17/2016 For those who can’t imagine their lives without drinking sake, eating Japanese meals and trading in the Asian sessions, smart people invented a “cherry-blossom” strategy that is considered to be a very profitable and risk-averse. Let me show you how it works. To use it you should plot the Fibonacci retracement levels to the chart. The “cherry-blossom” is based on the assumption of the continuation of a trend. The trends are usually formed in the course of American and European sessions, whereas in the Asian session the prices are moving sideways trying to consolidate, or the quotes move in the opposite direction of the main trends. According to the “cherry-blossom” strategy, we should enter the market as soon as the daily candlestick closes (at the very beginning of the Asian session) and buy/sell in the direction of the trend established during the previous trading sessions (American and European ones). First of all, you should look at the size of the candle (it should be at least 30 points long). Then, you should plot the Fibonacci levels from the low to the high (in case of the bullish trend) and place orders at 23.6, 38.2, and 50% levels. Stop-loss should be set below the low of the candle, and take-profit – below the high of the candle. If at the end of the day you still have some open positions, you should wait for the next day so that your orders are closed. If after two days, your positions are still open, you should remove your orders from the chart manually. All pending orders that were not activated should be removed at the end of the current session. On Friday we stop trading. Some examples: On the chart below, you can see the bearish candlestick with a long body in 70 points (on our chart this candle is divided into several bars, because we use H1 timeframe for clarity). It means that we should trade short. The order should be place above the high of the daily candle, and take-plot should be plotted a bit higher than the low of the candle. From the picture we can see that all three orders had been activated. And the position closed at “take-profit” level. For example, you’ve noticed a bullish candlestick with a size in 35 points. What you should do is to place three orders (Buy limit) at the 23.6%, 38.2% and 50% levels. We can see that only the upper order has been activated. More: https://new.fxbazooka.com/analytics/10919 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 GBP/USD & UK CPI: Will we see a breakout of the triangle pattern? 10/18/2016 Today at 08:30 GMT will be published the United Kingdom’s Core Price Index for September (yearly basis), which currently has a 0.6 percent and market’s analysts are expecting to see an increase from 0.6% to 0.9%. During two months in a row, CPI has been showing improvement on its data and September’s release may not be an exemption. The technical overview for GBP/USD at H1 chart is showing a bearish triangle pattern which helps to block further declines in the Sterling below the support level of 1.2143. With a weaker-than-expected reading of CPI, one may expect a breakout lower around that area and next target would be the 1.2022 level. However, if the Cable does a rebound a breaks the 1.2261 resistance level, it can reach the 200 SMA at H1 chart. More: https://new.fxbazooka.com/analytics/10920 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 NZD/USD: "bulls" launched a counterattack 10/18/2016 On the NZD/USD daily chart, "bulls" managed to repel the attack of "bears" from the lower boundary of the upward trade channel and launched a counter-attack. As a result, traders managed to open longs at the level of 0.704. The nearest resistance level is close to the level of 0.7225. On the NZD/USD hourly chart, "Shark" inverted pattern shows us that the "bulls" may face a serious hurdle near the level of 0.722. The CD wave is usually followed by the rollback in the direction of 38,2-50% Fibonacci. It will allow us to form new long positions from the level of 0.715. Recommendations: take profits on the longs at the levels of 0,722-0,7225, BUY 0,715 SL 0,7095 TP1 0,728 TP2 0,735. More: https://new.fxbazooka.com/analytics/10921 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 BGold is laying on the "shelf" 10/18/2016 On the daily char of goldt, "bulls" managed to keep the gold quotes above the key level at $1,250 as soon as AB = CD pattern had been realized. So, there could be a restoration of the upward trend. We might be dealing with the process of accumulation of long positions, therefore, we should keep an eye on the upper boundary of the consolidation. On the hourly chart of gold, over the past two weeks the quotes are moving sideways within a narrow range of $1250-1267 per ounce. It corresponds to consolidation within the "Splash and ledge" inverted pattern based on the 1-2-3. Breakout of the "shelf" will allow us to form long positions. Recommendation: BUY 1267 SL 1250 TP1 1300 TP2 1310. More: https://new.fxbazooka.com/analytics/10922 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 AUD/USD: the Bulls going to 0.7700 10/18/2016 Technical levels: support – 0.7580, 0.7610; resistance – 0.7690. Trade recommendations: 1. Sell — 0.7690; SL — 0.7710; TP1 — 0.7610; TP2 — 0.7580. Reason: a golden cross of Tenkan-sen and Kijun-sen; the rising lines of Indicator Ichimoku; a Cloud changed its mood, but the strong support near 0.7700. More: https://new.fxbazooka.com/analytics/10925 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 USD/JPY: the Bulls can’t run 10/18/2016 Technical levels: support – 103.70; resistance – 104.20, 104.60, 105.20. Trade recommendations: 1. Buy — 104.00/10; SL — 103.80; TP1 — 104.60; TP2 — 105.20. Reason: an expanding bullish Ichimoku Cloud; a new golden cross of Tenkan-sen and Kijun-sen. More: https://new.fxbazooka.com/analytics/10926 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 EUR/USD: "V-Bottom" led to bullish correction 10/18/2016 There’s a “V-Bottom” pattern, so the price has reached a resistance at 1.1032. Therefore, the market is likely going to achieve the next resistance at 1.1045 – 1.1069 in the short term. If a pullback from these levels happens, there’ll be an opportunity to have another decline towards a support at 1.0978 – 1.0951. The price faced a resistance by the 55 Moving Average line, which led to the current consolidation. However, bulls are likely going to get a resistance between the 89 Moving Average and the level at 1.1057. At the same time, if we see a pullback from this area, bears will probably try to deliver another downward price movement. More: [url=https://new.fxbazooka.com/analytics/10927]https://new.fxbazooka.com/analytics/10927[/img] Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 GBP/USD: consolidation going to move on 10/18/2016 There’s a consolidation, which is taking place on the four-hours chart. Considering that the price has broken the upper side of the last “Pennant”, bulls are likely going to reach the 34 Moving Average in the short term. If buyers be stopped here, there’ll be a chance to have a decline towards the nearest support area at 1.2089 – 1.1726. The price found a resistance at 1.2271, but bulls are likely going to reach the next resistance at 1.2323. Meanwhile, if we see a pullback from this level, there’ll be an opportunity to have another bearish price movement. More: https://new.fxbazooka.com/analytics/10928 Quote Link to comment Share on other sites More sharing options...
riki143 Posted October 18, 2016 Share Posted October 18, 2016 Key option levels for Tuesday, October 18th 10/18/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 2 580 ? - 18 613 ? Closest resistance levels 1.1059; 1.1092; 1.1116; 1.1145 Closest support levels 1.1006(?); 1.0980; 1.0959; 1.0933 Trading recommendations Baseline scenario Short EUR/USD below 1.1006, with target points at 1.0980 and 1.0959 Alternative scenario Moving above 1.1059 can be considered as a signal to Buy the pair, with target at 1.1092 and 1.1116 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 819 ? + 974 ? Closest resistance levels 1.2291; 1.2326; 1.2348; 1.2372 Closest support levels 1.2200; 1.2181; 1.2141; 1.2106 Trading recommendations Baseline scenario Short GBP/USD below 1.2200, with target points at 1.2181 and 1.2141 Alternative scenario Moving above 1.2291 can be considered as a signal to Buy the pair, with target at 1.2326 and 1.2348 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 871 ? + 1 070 ? Closest resistance levels 104.08 (103.97?); 104.42; 104.65; 104.93 Closest support levels 103.10; 102.89; 102.64; 102.33 Trading recommendations Baseline scenario Long USD/JPY above 103.97/104.08, with the target points at 104.42 and 104.65 Alternative scenario Moving below 103.10 can be considered as a signal to sell the pair, with target at 102.89 and 102.64 USD/CAD Main trend Short-term period Medium-term period Bearish Bullish Changes in the open interest + 353 ? + 656 ? Closest resistance levels 1.3149; 1.3168; 1.3200; 1.3242 Closest support levels 1.3074; 1.3043; 1.2999; 1.2945 Trading recommendations Baseline scenario Short USD/CAD below 1.3074, with the target points at 1.3043 and 1.2999 Alternative scenario Moving above 1.3149 can be considered as a signal to Buy the pair, with target at 1.3168 and 1.3200 More: https://new.fxbazooka.com/analytics/10929 Quote Link to comment Share on other sites More sharing options...
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