riki143 Posted February 3, 2017 Share Posted February 3, 2017 EUR/USD: wave 2 ended 2/3/2017 The price has come back under 8/8 MM Level, so wave 2 was likely ended in a form of a zigzag. Therefore, there’s an opportunity to have a bearish impulse in wave . In this case, the main intraday target is 7/8 MM Level. As we can see on the one-hour chart, wave [c] has been ended near +1/8 MM Level. Considering that 8/8 MM Level has been broken, bears are likely going to deliver wave (iii) of in the short term. More: https://new.fxbazooka.com/analytics/12335 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 3, 2017 Share Posted February 3, 2017 GBP/AUD falling inside impulse waves (3) and ③ 2/3/2017 GBP/AUD falling inside impulse waves (3) and ③ Next sell target – 1.6050 GBP/AUD has been under bearish pressure following the earlier double reversal from the resistance zone lying between the resistance level 1.6750 and the 61.8% Fibonacci correction of the previous sharp downward impulse wave (1) from the start of January. GBP/AUD is expected to fall further in the active impulse wave (3) (which is a part of the long-term downward impulse ③ from January) toward the next sell target at the support level 1.6050 (which stopped the previous intermediate impulse wave (1)). More: https://new.fxbazooka.com/analytics/12336 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 3, 2017 Share Posted February 3, 2017 EUR/AUD broke support level 1.4100 2/3/2017 EUR/AUD broke support level 1.4100 Next sell targets - 1.4000 and 1.3900 EUR/AUD continues to fall after the recent breakout of the powerful support zone surrounding the support level 1.4100, which has been steadily reversing this currency pair from the end of October, as can be seen below. The breakout of the support level 1.4100 accelerated the active intermediate impulse wave (3) from the end of January (which started when the pair reversed down from the resistance level 1.4300, previous sell target). EUR/AUD is expected to fall further to the next sell target at the support level 1.4000 – the breakout of which can lead to further losses toward 1.3900. More: https://new.fxbazooka.com/analytics/12337 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 Key option levels for Tuesday, February 7th 2/7/2017 * Data about changes in the open interest will be available on Tuesday after 01:45 CT (Central Time) * UPDATED EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 30 344 ? + 37 294 ? Closest resistance levels 1.0763; 1.0781; 1.0797; 1.0825 Closest support levels 1.0710; 1.0691; 1.0666; 1.0637 Trading recommendations Baseline scenario (High risk of reversal) Short EUR/USD below 1.0710, with target points at 1.0691 and 1.0666 Alternative scenario Moving above 1.0763 can be considered as a signal to Buy the pair, with target at 1.0781 and 1.0797 USD/JPY Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 939 ? + 2 247 ? Closest resistance levels 111.99; 112.22; 112.57; 112.82 Closest support levels 111.62; 111.36; 111.09; 110.63 Trading recommendations Baseline scenario (High risk of reversal) Short USD/JPY below 111.62, with target points at 111.36 and 111.09 Alternative scenario Moving above 111.99 can be considered as a signal to Buy the pair, with target at 112.22 and 112.57 USD/CAD Main trend Short-term period Medium-term period Bullish Bullish Changes in the open interest - 321 ? + 52 ? Closest resistance levels 1.3101; 1.3130; 1.3156; 1.3194 Closest support levels 1.3084; 1.3051; 1.3031; 1.3002 Trading recommendations Baseline scenario Long USD/CAD above 1.3101, with the target points at 1.3130 and 1.3156 Alternative scenario Moving below 1.3084 can be considered as a signal to Sell the pair, with target at 1.3051 and 1.3031 More: https://new.fxbazooka.com/analytics/12362 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 Morning brief for February 7 2/7/2017 The euro fared worse than the US dollar in the course of the past sessions after French far-right candidate Marin Le Pen pledged to take France out of the EU and rebuild country’s industry. ECB President Mario Draghi had to beat back numerous rebukes from across the Atlantic on currency manipulation saying that the central bank hadn’t intervened in currency market since 2011. At the same time, he tried to assure the market that the ECB will continue its bond-purchase program to revive the economic growth of the European countries. EUR/USD fell to 1.0700 on Tuesday from its yesterday’s high located at 1.0750. Among other currencies, the yen was the strongest performer having strengthened to 111.60 yen against the USD overnight. Earlier today, the US dollar managed to regain its bullish momentum and advanced to 111.85. Aussie jumped to 0.7680 on the Reserve Bank of Australia rate announcement. The bank left its cash rate unchanged as it was forecasted; the Governor Lowe’s statement pictured a rather bright future for the Australian economy. Economic growth is expected to center around 3% for the next couple of years; inflation is to climb to the bank’s coveted 2% target over 2017. The bank’s Governor also noted that Chinese economy has become stronger in the second half of 2016, while the global economic picture has improved; heightened commodity prices allowed Australia to improve its terms of trade. Kiwi spiked to 0.7375 after New Zealand’s inflation expectations data was stronger than in the previous quarter. Later today we will receive the NZ GDT price index. USD/CAD rose above 1.3105 on the session. Brent oil futures are higher today, while on Monday they experienced their biggest one-day losses since January 18. Today’s focus will be on the Canadian trade balance data and a monthly update of the number of building permits. Upbeat releases may offer some support to the weakening loonie. Gold surrendered some of its yesterday’s gains, having slipped to $1234.05 from its three-month high located at $1235.32. More: https://new.fxbazooka.com/analytics/12363 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 Gold: bulls gathered momentum 2/7/2017 On the daily chart of gold, the bulls accelerated their pace. The recent resistance located at $1220 per ounce has become the main support. The nearest convergence zone is located at $1249-1255. On the hourly chart of gold, the upward trading channel has steepened; the slope increased from 18 to 38 degrees. This may lead to the rollback on the breakout of the splash in the pattern "Splash and reversal with acceleration". The target 200% ($1257 per ounce) in the AB=CD pattern is still relevant. This allows the "bulls" to count on the continuation of the uptrend. More: https://new.fxbazooka.com/analytics/12364 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 USD/CAD: loonie made friends with wedges 2/7/2017 On the USD/CAD daily chart, "bulls" managed to keep the quotes within a long-term rising channel. The Wolf waves have been formed. A breakout of the 2-4 diagonal resistance near the 1.3175 mark can lead to the restoration of the "bullish" trend. On the USD/CAD hourly chart, the expanding wedge pattern is almost formed. A rollback towards 38.2% and 23.6% levels formed from the waves 4-5 can be used for opening the long positions. A breakout of the last high at 1.3135 can lead to the continuation of the rally. Recommendations: BUY 1,3135 SL 1,3080 TP 1,3305, BUY 1,3175 SL 1,3120 TP1 1,3305 TP2 1,34. More: https://new.fxbazooka.com/analytics/12365 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 EUR/USD: bears going to move on 2/7/2017 We’ve got a “Triple Top”, which has been confirmed, so the price is testing the lower side of the current “Rising Wedge” pattern. In this case, the market is likely going to reach a support at 1.0669. If a pullback from this level happens, there’ll be an opportunity to have another bullish price movement towards a resistance at 1.0774 – 1.0732. The uptrend is acting as a support. So, bears are likely going to test a support at 1.0678 – 1.0670 in the short term. Considering a possible pullback from this area, there’s a chance to have an upward price movement in the direction of the nearest resistance at 1.0719 – 1.0732. More: https://new.fxbazooka.com/analytics/12366 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 GBP/USD: "Pennant" led to decline 2/7/2017 The price is consolidating near the broken local uptrend. The 89 Moving Average is acting as a support. However, the pair is likely going to continue falling down in the short term, so we should keep an eye on a support at 1.2411 – 1.2386 as a possible intraday target. If a pullback from this area happens, bulls will probably try to achieve a resistance at 1.2509 – 1.2548. The last “Pennant” has been broken, so the price faced a support at 1.2432. Nevertheless, the market is likely going to reach the next support at 1.2411 – 1.2386. If we see a pullback from these level, there’ll be an opportunity to have an upward price movement towards a resistance at 1.2490 – 1.2518. More: https://new.fxbazooka.com/analytics/12367 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 Ahead of Abe-Trump meeting 2/7/2017 Japanese Prime Minister Shinzo Abe prepares to meet US President Donald Trump on Friday seeking to counter the president’s criticism of Japan’s monetary and trade policies. Mr. Abe is going to establish close ties with new administration promising greater Japanese investments in the US economy. In addition, he plans to persuade the US president that Japan is not trying to devalue its nation’s currency to make the business easier for Japanese exporters. PM Abe said that the BoJ’s loose monetary policy is aimed at defeating deflation, not at improving the country’s terms of trade. In the first week of the presidency, Donald Trump pulled the United States out of the Trans-Pacific Partnership trade deal having called it a disaster for his beloved land. Mr. Abe is betting on the conclusion of the bilateral trade pact promising economic and strategic benefits for Japan and the US. But the possibility of negotiating this deal has not been discussed specifically. Strategists’ opinion on how this meeting may influence the nations’ currencies is divided. Some analysts believe that it will pose some upside risks for the yen, as the Japanese currency proved to be very sensitive to any criticism of the BoJ’s easing monetary policies. Another group of FX market’s analysts bets on the strengthening of the USD pointing at the US benefits from the partnership with Japan (new job openings in the US, the creation of the new markets worth $450 bln). We believe that the outcome of the meeting will help us to identify the accurate direction of the USD/JPY currency pair. For the present moment, we may consider trading other pairs with JPY, USD in the names counting on the evaluation of the both currencies. More: https://new.fxbazooka.com/analytics/12369 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 Ahead of Abe-Trump meeting 2/7/2017 Japanese Prime Minister Shinzo Abe prepares to meet US President Donald Trump on Friday seeking to counter the president’s criticism of Japan’s monetary and trade policies. Mr. Abe is going to establish close ties with new administration promising greater Japanese investments in the US economy. In addition, he plans to persuade the US president that Japan is not trying to devalue its nation’s currency to make the business easier for Japanese exporters. PM Abe said that the BoJ’s loose monetary policy is aimed at defeating deflation, not at improving the country’s terms of trade. In the first week of the presidency, Donald Trump pulled the United States out of the Trans-Pacific Partnership trade deal having called it a disaster for his beloved land. Mr. Abe is betting on the conclusion of the bilateral trade pact promising economic and strategic benefits for Japan and the US. But the possibility of negotiating this deal has not been discussed specifically. Strategists’ opinion on how this meeting may influence the nations’ currencies is divided. Some analysts believe that it will pose some upside risks for the yen, as the Japanese currency proved to be very sensitive to any criticism of the BoJ’s easing monetary policies. Another group of FX market’s analysts bets on the strengthening of the USD pointing at the US benefits from the partnership with Japan (new job openings in the US, the creation of the new markets worth $450 bln). We believe that the outcome of the meeting will help us to identify the accurate direction of the USD/JPY currency pair. For the present moment, we may consider trading other pairs with JPY, USD in the names counting on the evaluation of the both currencies. More: https://new.fxbazooka.com/analytics/12369 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 GBP/USD: pound tested the support 2/7/2017 Technical levels: support – 1.2340; resistance – 1.2450. Trade recommendations: 1. Buy — 1.2340/50; SL — 1.2320; TP1 — 1.2450; TP2 — 1.2480. Reason: bullish Ichimoku Cloud, but falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but there is falling lines; the prices are in the Cloud and on the main support. More; https://new.fxbazooka.com/analytics/12370 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 USD/JPY: Dollar going to Tenkan-sen 2/7/2017 Technical levels: support – 111.80; resistance – 112.50, 112.70. Trade recommendations: 1. Sell — 112.50; SL — 112.70; TP1 — 111.80; TP2 — 111.30. Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are in correction to Tenkan-Kijun. More: https://new.fxbazooka.com/analytics/12371 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 EUR/USD: "Harami" on the lower "Window" 2/7/2017 We’ve got a bearish “Doji”, which has been confirmed, so the price reached the lower “Window”. If we see any bullish pattern afterwards, the market is likely going to test the nearest resistance level. The price achieved the nearest “Window”, so we’ve got a bullish “Harami”, but this pattern hasn’t been confirmed yet. Therefore, the market is likely going to test the nearest resistance, which could be a departure point for another decline. More: https://new.fxbazooka.com/analytics/12373 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 USD/JPY: bulls going to test "Window" 2/7/2017 We’ve got a “Tower” pattern, so the price came back to the upper “Window”. In this case, the bullish correction is likely going to be continued. If we see any bearish pattern on the 21 Moving Average afterwards, there’ll be an opportunity to have the market even lower. There’s a “Hammer” at the local low, so the price is likely going to reach the 55 Moving Average. Meanwhile, we should keep an eye on the upper “Window” as a possible intraday target. More: https://new.fxbazooka.com/analytics/12374 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 Paul Tudor Jones’ chamber of secrets 2/7/2017 Paul Tudor Jones II is noted as one of the most successful traders in the history of the stock market. Paul is widely known due to the film entitled Trader focusing on his activity during 1987 financial crash. The video surfaced in the end of 1980s. Paul undertook numerous attempts to remove it from circulation supposedly because it reveals his trading secrets. We would question this statement; we think that the actor worried in vain. It seems that his trading secrets will be wrapped up in an enigma forever. Having gone through numerous Internet pages, we failed to find a formula for the success of 26-year-old chap who managed to predict one of the greatest collapses in the history of financial markets. Many sources indicate that he did it using methods similar to market forecaster Robert Prechter. The latter one is a well-known proponent of Elliott Wave theory stating that stock prices unfold in specific repetitive patterns. We were left unsatisfied with such explanations. By that time, many knew about this theory but failed to predict the occurrence of the 1987 market crash. Mr. Jones did predict it somehow and made a tidy sum from his guess. “People will be gasping,” Mr. Jones says in the video grinning like a Cheshire cat, and then adds in his rich Memphis drawl. “It will be total rock ’n’ roll.” And it happened exactly like he had predicted. The market collapsed having drained the traders’ pockets. And Mr. Jones augmented his capital considerably. We decided not to wrestle with a question of how he managed to predict the occurrence of the financial crash, and explained his success as follows: Mr. Jones must have a really special gut feeling, you know, the feeling that grows out of a trader’s experiences and practice and helps him to make profitable bets. After 1987, Mr. Jones continued his success. He managed to earn $4.3 billion staying in the hedge fund industry. The billionaire investor is also known for his philanthropic conducts. He has been involved in numerous environmental and charity projects. Mr. Jones as the legendary epic archer Robin Hood helps poor people of New York, but unlike the medieval hero, he doesn’t rob the rich. He operates through the Robin Hood Foundation. Another great deed of Mr. Jones – the foundation of the Excellence Charter School, the country’s first all-boys charter school located in Brooklyn, one of the most densely populated counties in the United States. More: https://new.fxbazooka.com/analytics/12372 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 EUR/USD: bearish extension 2/7/2017 Wave 2 has been ended in a form of a zigzag, so the price is declining. Previously we’ve got a wedge in wave 1. So, there’s an opportunity to have a bearish impulse in wave in the short term. As we can see on the one-hour chart, there’s an extension in wave (iii). Meanwhile, wave iv is likely going to end during the day, so we could have wave v of (iii) soon. The main intraday target is 0/8 MM Level. More: https://new.fxbazooka.com/analytics/12375 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 EUR/JPY reached sell target 120.00 2/7/2015 EUR/JPY reached sell target 120.00 Next sell target – 119.00 EUR/JPY today broke the support zone lying between the support level 120.00 (which was set as the sell target in our earlier forecast for this currency pair) and the 38.2% Fibonacci retracement level of the previous upward impulse from November. The breakout of this support zone is likely to accelerate the active minor C-wave of the intermediate ABC correction (2) from December. If the pair closes today below 120.00 - EUR/JPY can, then, be expected to fall to the next sell target at the support level 119.00 (50% Fibonacci retracement level of the aforementioned upward impulse from November). More: [url=https://new.fxbazooka.com/analytics/12376]https://new.fxbazooka.com/analytics/12376[/img] Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 7, 2017 Share Posted February 7, 2017 GBP/NZD falling inside intermediate impulse wave (3) 2/7/2017 GBP/NZD falling inside intermediate impulse wave (3) Next sell targets - 1.6870 and 1.6700 GBP/NZD has been falling sharply in the last few trading sessions inside the intermediate impulse wave (3), which started previously – when the pair reversed down from the resistance area located between the key resistance level 1.7450 (former strong support from November), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse (1) from December. GBP/NZD is likely to fall further to the next sell target at the support level 1.6870 (low of the previous impulse (1)) – the breakout of which can lead to further losses toward 1.6700 (which stopped the earlier primary impulse ③ wave). More: https://new.fxbazooka.com/analytics/12377 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 8, 2017 Share Posted February 8, 2017 GBP/USD: pound lost its way in broad daylight 2/8/2017 On the GBP/USD daily chart, the implementation of the intermediate target at 78.6% in the "Shark" pattern was followed by a rollback in the direction of the 50% level of the CD wave. The downfall of quotes below the 38.2% level can lead to the realization of 5-0 pattern. In contrast, the rise of quotes above 78.6% and 88.6% level can lead to the restoration of "bullish" trend. On the GBP/USD hourly chart, there is a final stage of the formation of the expanding wedge pattern. A breakout of the support at 1.2478-1.2484 followed by the activation of the 1-2-3 model will allow opening short positions. The 1.263 and 1.2665 levels can be used for the opening of long positions. Recommendations: SELL 1,2478 SL 1,2533 TP 1,2355, BUY 1,263 TP 1,2575 TP 1,276. More: https://new.fxbazooka.com/analytics/12381 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 8, 2017 Share Posted February 8, 2017 EUR/USD: bears launched an attack 2/8/2017 On the EUR/USD daily chart, bears broke the diagonal support and pushed the quotes beyond the rising trading channel. If the sellers manage to test the 1.064 level (23.6% level of the last mid-term "bearish" wave), there is a risk of the recovery of the downtrend. On the EUR/USD hourly chart, there was a breakout followed by the retest of the lower border of the upward trading channel. The bears will need to test the support at 1.0667 for the continuation of the downward movement towards the 113% target. Recommendation: SELL 1,0667 SL 1,0722 TP1 1,0595 TP2 1,0535. More; https://new.fxbazooka.com/analytics/12382 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 8, 2017 Share Posted February 8, 2017 Morning brief for February 8 2/8/2017 The euro moved below 1.0675 against the US dollar amid the investors’ concerns over looming French elections. Many analysts believe that the EUR is en-route to parity in the upcoming three months with moderate monsieur Francois Fillon still being embroiled in the scandal, monsieur Hamon still making overtures to Melenchon, and Marin Le Pen being confident in her win in the first round. The yen extended its losses against the greenback. The latter one managed to move to 112.30 on the session. We don’t expect significant moves from the pair today; it seems that the trading will be subdued on the back of Abe-Trump meeting scheduled for Friday. AUD/USD slid to 0.7630 on the Asian session having given back the yesterday’s post-RBA gains. Today’s economic calendar is rather light with the RBNZ rate and monetary policy statements, and the US crude oil inventories. NZD/USD moved lower to 0.7290 in the countdown to the Reserve Banks of New Zealand meeting. The bank is expected to leave its official rate cash unchanged at 1.75%. Traders will be looking for the RBNZ’s monetary policy statement struggling to decipher the future rate path. The bank’s officials will unlikely introduce any significant changes to its present monetary policy stance despite the uptick in Q4 inflation data. Therefore, the New Zealand shouldn’t receive a weighty support from today’s statement to recoup its recent losses. GBP/USD spiked to 1.2545 overnight. The rally was triggered by hawkish comments from a BoE senior official Forbes. She said that the Bank of England might soon need a rate hike as inflation could rise faster than it is expected. The pound for the present moment is the only currency that is still holding its ground against the US dollar. The Canadian dollar has strengthened against its US peer in the course of the Asian session striving to erase its yesterday’s losses. USD/CAD jumped above 1.3210 on the falling oil prices and disappointing data releases from Canada. Brent oil futures pared significant losses as China’s demand for oil has shrunken overshadowing the OPEC members’ efforts to cut output. More: https://new.fxbazooka.com/analytics/12383 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 8, 2017 Share Posted February 8, 2017 EUR/USD: bearish "Flag" 2/8/2017 The price has broken the lower side of the last “Rising Wedge” and the local uptrend. The 89 Moving Average acted as a support, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.0619. If a pullback from this level happens, there’ll be an opportunity to have an upward price movement towards a resistance at 1.0669 – 1.0697. The pair faced a support at 1.0655, which led to the current consolidation. Also, there’s a “Flag” pattern, so bears are likely going to test a support at 1.0619 during the day. Considering a possible pullback from this level, there’s a chance to have a bullish movement in the direction of the closest resistance at 1.0670 – 1.0678. More: https://new.fxbazooka.com/analytics/12384 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 8, 2017 Share Posted February 8, 2017 GBP/USD: bulls going to test nearest resistance 2/8/2017 We’ve got a “V-Bottom”, so the price reached a resistance at 1.2548. Therefore, the market is likely going to test the 55 Moving Average. If a pullback from this line happens, bulls will probably try to test a resistance at 1.2548 – 1.2599. There’s a “Triple Bottom”, which pushed the price to a resistance at 1.2548. In this case, bears are likely going to achieve the nearest support at 1.2458 – 1.2432. If we see a pullback from this area, there’ll be a chance to see the market higher, so we should keep an eye on a resistance at 1.2548 – 1.2581 as a possible intraday target. More: https://new.fxbazooka.com/analytics/12385 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 8, 2017 Share Posted February 8, 2017 EUR/USD: euro will test SSB 2/8/2017 Technical levels: support – 1.0640; resistance – 1.0740, 1.0770. Trade recommendations: 1. Buy — 1.0650; SL — 1.0620; TP1 — 1.0740; TP2 – 1.0770. Reason: narrowing bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are in correction and under the support of Senkou Span B. More: https://new.fxbazooka.com/analytics/12386 Quote Link to comment Share on other sites More sharing options...
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