riki143 Posted December 22, 2016 Share Posted December 22, 2016 Gold got into the clutches of bears 12/22/2016 On the daily chart of gold, quotes came closer to the support at $1,116 (78.6% Fibonacci level of the last upward wave). A successful test of this level followed by the breach of $1,080 mark (88.6%) can lead to the restoration of the long-term downtrend. It seems that while the precious metal is below $1,171, "bears" will be remaining control over the market. On the hourly chart of gold, after the reversal Bat pattern had been formed, quotes returned to the support at $1,127. Most likely, the precious metal will continue to consolidate in the range of $1,120-1,145. More: https://new.fxbazooka.com/analytics/11806 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 USD/CHF: franc fulfilled the target 12/22/2016 On the USD/CHF daily chart, "bulls" managed to fulfill the 1.0270 target on longs formed from the 1.0120 level. At the present moment, the pair is going through the period of consolidation. Update of the December peak can lead to the continuation of the rally towards 1.0370 and 1.0490. The nearest support is located near 1.02-1.0230 levels. On the USD/CHF hourly chart, the triangle was formed. A successful test of its upper boundary, followed by the test of 1.0325 resistance will allow the "bulls" to restore the upward trend. In contrast, a breakout of the support at 1,023 will be a signal for the development of the correction. More: https://new.fxbazooka.com/analytics/11807 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 EUR/USD: Euro corrected in a Cloud direction[/b} 12/22/2016 Technical levels: support – 1.0380, 1.0410; resistance – 1.0450, 1.0470. Trade recommendations: 1. Sell — 1.0470; SL — 1.0490; TP1 — 1.0380; TP2 – 1.0340. Reason: bearish Ichimoku Cloud and horizontal lines of the Ichimoku Indicator; a dead cross of Tenkan-sen and Kijun-sen; strong resistance of Senkou Span A. More: https://new.fxbazooka.com/analytics/11808 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 GBP/USD: consolidation on Tenkan-sen 12/22/2016 Technical levels: support – 1.2350; resistance – 1.2390, 1.2410. Trade recommendations: 1. Sell — 1.2390; SL — 1.2410; TP1 — 1.2320; TP2 — 1.2300. Reason: bearish character of Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; falling Tenkan-sen; the prices are inside of the channel of Tenkan-Kijun. More: https://new.fxbazooka.com/analytics/11809 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 EUR/USD: "Flag" pushing the market lower 12/22/2016 The price is consolidating under a resistance at 1.0461. Considering the main downtrend, the market is likely going to decline towards a support at 1.0340 in the short term. If a pullback from this level happens, there’ll be an opportunity to have another upward movement. We’ve got a “V-Bottom”, so there’s a flat, which is taking place under the 55 Moving Average. In this case, the pair is likely going to reach a support at 1.0365 – 1.0351 in the short term. However, if we see a pullback from this area, bulls will probably try to test the 55 Moving Average once again. More: https://new.fxbazooka.com/analytics/11810 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 GBP/USD: bears going to deliver a new low 12/22/2016 The price faced a support at 1.2309, so we’ve got a “V-Bottom” pattern. At the same time, we’ve got a bearish “Pennant”, so the market is likely going to decline towards the nearest support at 1.2309 - 1.2270. If a pullback from these levels happens, there’ll be an opportunity to have another bullish movement. We’ve got a consolidation, which is taking place between the 34 Moving Average and the closest support at 1.2309. Also, there’s a “Flag” pattern, so the pair is likely going to achieve a support at 1.2270. Considering a possible pullback from this level, there’s an option to have an upward movement in the direction of a resistance at 1.2358 afterwards. More: https://new.fxbazooka.com/analytics/11811 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 Key option levels for Thursday, December 22th 12/22/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 42 415 ? + 20 124 ? Closest resistance levels 1.0480; 1.0521; 1.0539; 1.0577/93 Closest support levels 1.0424; 1.0403; 1.0375; 1.0358/40 Trading recommendations Baseline scenario Short EUR/USD below 1.0424, with target points at 1.0403 and 1.0375 Alternative scenario Moving above 1.0480 can be considered as a signal to Buy the pair, with target at 1.0521 and 1.0539 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 225 ? + 112 ? Closest resistance levels 1.2426; 1.2460; 1.2483; 1.2511 Closest support levels 1.2334(17?); 1.2295; 1.2268; 1.2237 Trading recommendations Baseline scenario Short GBP/USD below 1.2334, with target points at 1.2295 and 1.2268 Alternative scenario Moving above 1.2426 can be considered as a signal to Buy the pair, with target at 1.2460 and 1.2483 USD/CAD Main trend Short-term period Medium-term period Bearish Bullish Changes in the open interest - 34 ? + 144 ? Closest resistance levels 1.3444; 1.3488; 1.3550; 1.3624 Closest support levels 1.3383; 1.3356; 1.3328; 1.3282 Trading recommendations Baseline scenario Short USD/CAD below 1.3383, with the target points at 1.3356 and 1.3328 Alternative scenario Moving above 1.3444 can be considered as a signal to Buy the pair, with target at 1.3488 and 1.3550 More: [url =https://new.fxbazooka.com/analytics/11814]https://new.fxbazooka.com/analytics/11814[/url] Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 EUR/USD: bullish "Three Methods" 12/22/2016 We’ve got an “Engulfing”, which has been confirmed. Also, there’s a “Three Methods” pattern, so the market is likely going to test the 34 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a local bearish correction. As we can see on the Daily chart, here’s a “High Wave”, which has a confirmation. In this case, bulls are likely going to push the market higher. The price has reached the 89 Moving Average, but we’ve got a bullish “Three Methods” here. So, if we have any bearish pattern in the coming hours, there’ll be a chance to see a local correction. However, bulls will probably try to continue an upward correction later on. More: https://new.fxbazooka.com/analytics/11815 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 USD/JPY: bulls going to run out of flat 12/22/2016 There’s an “Engulfing” at the local low. If this pattern confirms, the price is likely going to test the upper “Window” once again. As we can see on the Daily chart, there isn’t any reversal pattern so far. In this case, bulls are likely going to deliver a new local high. We’ve got a “Tweezers” and a “Harami” at the last low, which both have been confirmed. Also, the middle of the last white candle is acting as a support. So, the pair is likely going to test the nearest Moving Averages. If we see a pullback from these lines, there’ll be an opportunity to have another bullish rally. More: https://new.fxbazooka.com/analytics/11816 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 EUR/USD: wave [ii] going to move on 12/22/2016 The price is developing wave [ii], which was started right after the pullback from 1/8 MM Level. However, if 2/8 MM Level acts as a resistance, there’ll be an opportunity to have wave [iii]. In this case we should keep an eye on -1/8 MM Level as a possible bearish target. As we can see on the one-hour chart, wave (v) of has been ended on 5/8 MM Level. So, the pair is moving up in wave (a) of [ii]. If we have a pullback from 6/8 MM Level in the coming hours, then bears will probably try to deliver wave (. More: https://new.fxbazooka.com/analytics/11817 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 EUR/CHF reversed from support zone 12/22/2016 EUR/CHF reversed from support zone Next buy target – 1.0750 EUR/CHF recently reversed up from the support zone lying between the support levels 1.0700 (previous sell target) and 1.0680 (which stopped the earlier minor impulse wave 1 in November, as can be seen from the daily EUR/CHF chart below). This support zone was further strengthened by the lower daily Bollinger Band. The upward reversal from this support area stopped the previous minor impulse wave 3 of the intermediate ©-wave from August. Given the strength of the aforementioned support zone EUR/CHF can be expected to rise further in the direction of the next buy target at the resistance level 1.0750. More: https://new.fxbazooka.com/analytics/11818 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2016 Share Posted December 22, 2016 EUR/JPY reversed from support area 12/22/2016 EUR/JPY reversed from support area Next buy target - 86.00 EUR/JPY continues to rise after the earlier sharp upward reversal from the support area lying between the pivotal support level 122.00, 38.2% Fibonacci correction level of the previous sharp upward impulse from the end of November and the upper trendline of the recently broken daily up channel from July (acting as support after it was broken). The upward reversal form the aforementioned support zone completed the previous minor correction (iv). EUR/JPY is expected to rise further to the next buy target at the next strong resistance level 124.20 (which stopped the previous impulse wave (iii)). More: https://new.fxbazooka.com/analytics/11819 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 NZD/USD: kiwi fulfilled its target 12/23/2016 On the NZD/USD daily chart, quotes dropped below 0.7 level. The target formed at the 0.7187 on the short positions was fulfilled. The fact that the quotes went beyond the long-term rising channel signals us that the bears took the initiative in their hands. New Zealand Dollar can slide down towards 0.6785 and 0.659 levels. On the NZD/USD hourly chart, we may notice that the expanding wedge pattern and AB = CD pattern worked out. The nearest resistance levels are located near the 0.694 and 0.698 levels. The rebound from these levels will allow us to form shorts. Recommendation: SELL 0,698 SL 0,7035 TP1 0,6785 TP2 0,659. More: https://new.fxbazooka.com/analytics/11820 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 AUD/USD: bears accelerate their pace 12/23/2016 On the AUD/USD daily chart, there is an acceleration of the downtrend. If the "bears" manage to hold below the 0.7214 level (88.6% Fibonacci retracement level of the last upward wave), their counterparts may lose hope for the restoration of the "bullish" trend. The nearest resistance level is located near the 0.7280 level. An update of the December low can send the quotes to 0.714 and 0.706. On the AUD/USD hourly chart, a rise of quotes towards the resistance located at 0.727 followed by the rebound can be used for sales. Recommendation: SELL 0,727 SL 0,7325 TP1 0,714 TP2 0,706. More: https://new.fxbazooka.com/analytics/11821 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 Morning brief for December 23 12/23/2016 Financial markets seem to be neglected by their participants in the countdown to major holidays of the year. Today’s Asian session was drowsy. Zzzzzz…………..There is almost nothing to report.All the major macro events now behind us and a spike in volatility is unlikely. But for some traders, this end-year market lull can be very profitable. After rising on the possibility of softer Brexit GBP/USD dropped below 1. 2280 overnight. The US data released yesterday was mixed. While US Q3 GDP data was revised up to an annualized 3.5% from 3.2% and core durable goods orders moved higher from 0.9% against consensus 0.4%. The November personal income, spending and PCE deflators release fell out of market’s expectations. Today’s focus will be on the UK current account data and final quarterly GDP. EUR/USD didn’t experience significant moves on the Asian session. The Italian government allotted $21 bln to rescue Italy’s alerted banking sector with Monte dei Paschi being the first in line for help. At the present moment, the pair is trading near the 1.0450 level. AUD/USD slid down to 0.7205 probably on the falling iron ore prices (were down $2.04 to $76.15) – the main export unit of Australia, and on the strengthening USD. USD/JPY technical chart is flat. The quotes are moving along 117.40 level. On Tuesday following the BoJ meeting, governor Kuroda was asked about the yen precipitous decline in relation to the US dollar. Kuroda responded the USD/JPY’s current level is a reflection of the USD strength, not the yen’s softening. Japanese markets were closed for the Emperor's birthday holiday. USD/CAD popped up to 1.3520. Canadian data was a mixed bag. The CPI declined 0.2% in November after rising 0.2% in October. Retail sales reports were upbeat. Brent oil futures edged up slightly, but the US dollar strength overshadowed the CAD’s vain attempts to growth. More: https://new.fxbazooka.com/analytics/11822 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 EUR/USD: correction to Cloud complete 12/23/2016 Technical levels: support – 1.0380, 1.0410; resistance – 1.0450, 1.0470/90. Trade recommendations: 1. Sell — 1.0450; SL — 1.0470; TP1 — 1.0380; TP2 – 1.0340. Reason: bearish Ichimoku Cloud and horizontal lines of the Ichimoku Indicator; a weak golden cross of Tenkan-sen and Kijun-sen; strong resistance of Senkou Span A. More: https://new.fxbazooka.com/analytics/11823 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 GBP/USD: new lows of December 12/23/2016 Technical levels: support – 1.2255, 1.2230; resistance – 1.2330. Trade recommendations: 1. Sell — 1.2330; SL — 1.2350; TP1 — 1.2255; TP2 — 1.2230. Reason: bearish character of Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; falling Kijun-sen; the prices are formed the new lows of the market. More: https://new.fxbazooka.com/analytics/11824 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 USD/JPY: on the Cloud’s support 12/23/2016 Technical levels: support – 117.30; resistance – 118.70, 119.20. Trade recommendations: 1. Buy — 117.30; SL — 117.10; TP1 — 118.70; TP2 — 119.20. Reason: bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the Kijun and Cloud’s support. More: https://new.fxbazooka.com/analytics/11825 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 EUR/USD: "Thorn" stopped bulls 12/23/2016 The price has faced a resistance at 1.0506, so we’ve got a “Thorn” pattern, which led to a local decline. Therefore, the market is likely going to continue falling down towards a support at 1.0365. If a pullback from this level happens, there’ll be an opportunity to have another bullish price movement in the direction of a resistance at 1.0461 – 1.0506. We’ve got a “Thorn” pattern, so the price is consolidating near the 34 Moving Average. In this case, the pair is likely going to test the nearest support at 1.0400 – 1.0381. However, if we have a pullback from these levels, bulls will probably try to achieve the 55 Moving Average. More: https://new.fxbazooka.com/analytics/11826 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 GBP/USD: bears going to move on 12/23/2016 The last “Pennant” pattern has been broken, so the price found a support at 1.2270, which led to the current consolidation. Under this circumstances, the market is likely going to decline in the direction of the nearest support at 1.2270 – 1.2205. If bears be stopped by this area, there’ll be an opportunity to have an upward movement towards a resistance at 1.2309. The price has broken the lower side of the last “Flag”, so bears faced a support at 1.2270 afterwards. Meanwhile, the pair is likely going to reach the next support at 1.2239 – 1.2205 during the day. Considering a possible pullback from these levels, there’s a chance to have another bullish movement. More: https://new.fxbazooka.com/analytics/11827 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 Key option levels for Friday, December 23th 12/23/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 17 620 ? + 24 681 ? Closest resistance levels 1.0487; 1.0527; 1.0545; 1.0568 Closest support levels 1.0432; 1.0411; 1.0383; 1.0346 Trading recommendations Baseline scenario Short EUR/USD below 1.0432, with target points at 1.0411 and 1.0383 Alternative scenario Moving above 1.0487 can be considered as a signal to Buy the pair, with target at 1.0527 and 1.0545 GBP/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 3 131 ? + 3 205 ? Closest resistance levels 1.2347; 1.2376; 1.2397; 1.2422 Closest support levels 1.2288(76?); 1.2260; 1.2240; 1.2215 Trading recommendations Baseline scenario Short GBP/USD below 1.2288, with target points at 1.2260 and 1.2240 Alternative scenario Moving above 1.2347 can be considered as a signal to Buy the pair, with target at 1.2376 and 1.2397 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 818 ? + 168 ? Closest resistance levels 1.3484; 1.3506; 1.3535; 1.3581 Closest support levels 1.3457; 1.3410; 1.3365; 1.3330 Trading recommendations Baseline scenario Long USD/CAD above 1.3484, with the target points at 1.3506 and 1.3535 Alternative scenario Moving below 1.3457 can be considered as a signal to Sell the pair, with target at 1.3410 and 1.3365 More: https://new.fxbazooka.com/analytics/11828 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 Outlook for commodity currencies 12/23/2016 After brief recovery followed by Australia’s mid-year budget update, the AUD/USD resumed with its bearish trend and remained under selling pressure until Friday. Falling iron ore prices and subdued growth of Chinese economy are the key factors that weigh on the pair. The Reserve Bank of Australia does little to support the nation’s currency being in no haste to raise its benchmark. Next week shouldn’t bring volatility to the chart. Focus your attention on the US CB consumer confidence index, pending home sales and unemployment claims The technical outlook for AUD/USD is tilted to the downside. The nearest supports on the Aussie’s way lie at 0.72000 and 0.7140 levels. If commodity prices manage to retrieve their losses we may look for rebounds from the current levels to 0.7250, 0.7325 marks. More: https://new.fxbazooka.com/analytics/11829 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 USD/JPY outlook for December 26 - 30 12/23/2016 USD/JPY has settled into a narrow range of 116.50 – 118.20 in the course of the past week. The Bank of Japan left its loosening monetary policy unchanged on Tuesday. The Fed raised its benchmark at its December meeting and projected a triple hike in 2017. So, the interest rate differentials between the US and Japan widened significantly pushing the US dollar higher. Next week traders will focus on Japan’s annual household spending and core inflation data both coming on Tuesday. The US statistical agencies will publish CB consumer confidence index, unemployment claims, monthly pending home sales and Chicago PMI. It is most likely that USD/JPY will continue to surge towards the resistances located at 118.70, 120.00 levels given the prospect for the higher US rates in 2017 and far-reaching yield curve targeting strategy of the BoJ. Alternative scenario suggests a continuation of the current corrective movement or small retracement of the quotes towards the nearest supports located at 116.00, 115.55 (61.8% Fibo retracement level formed from the May 2015 peak) and 114.75 (100 MA on the weekly timeframe). More: https://new.fxbazooka.com/analytics/11830 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 EUR/USD: consolidation going to move on 12/23/2016 There’s a “Shooting Star”, but this pattern hasn’t been confirmed yet. So, the price is likely going to decline in the short term. However, bulls will probably try to test the last high afterwards. As we can see on the Daily chart, a “High Wave” has been formed, so there’s an upward correction on the way. Considering that there isn’t any bearish pattern so far, the market is likely going to rise in the coming days. We’ve got a “Shooting Star” and an “Engulfing” at the last highs. At the same time, both patterns don’t have enough confirmation. Also, the 89 Moving Average acted as a resistance. So, there’s an option to have a new low, but bulls are likely going to test the nearest resistance soon. More; https://new.fxbazooka.com/analytics/11831 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2016 Share Posted December 23, 2016 USD/JPY: bears going to test the nearest support 12/23/2016 There’s an “Engulfing”, which has been confirmed enough, so the market is likely going to get a support on the 21 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have an upward movement towards the upper “Window”. As we can see on the Daily chart, there isn’t any reversal pattern so far. In this case, bulls are likely going to move on. The price is still consolidating on the one-hour chart. At the same time, there’re bearish patterns such a “Tweezers”, a “High Wave” and a “Harami”, which all have been confirmed. So, the current correction is likely going to test the nearest support area. However, if we see a pullback from this zone, there’ll be a chance to have another bullish rally. More: https://new.fxbazooka.com/analytics/11832 Quote Link to comment Share on other sites More sharing options...
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