riki143 Posted February 15, 2017 Share Posted February 15, 2017 USD/JPY: bulls want to rise further2/15/2017On the USD/JPY daily chart, a breakout of the resistance at 112.5 and exit of quotes beyond the upward trading channel allowed to implement targets on the previously opened longs. The nearest support level is located near the 114.03 level.On theUSD/JPY hourly chart, the target in the "Crab" inverted pattern has been fulfilled. As a result, the yen developed a consolidation in the range of 114.15-114.5 levels. A rebound from the lower boundary of the upward trading channel and breakout of the resistance will allow us to open long positions.Recommendation: BUY 113,9 SL 113,35 TP 115,35, BUY 114,5 SL 113,95 TP1 115,35 TP2 118. More:https://new.fxbazooka.com/analytics/12485 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 Morning brief for February 152/15/2017The door for a rate hike at the FOMC meeting in march swung open after Dr. Yellen in her semiannual testimony noted that waiting too long to remove accommodation would be unwise, saying that it would disrupt financial markets and push the US economy into recession. She also added that if employment rate and inflation continue to rise an increase in the benchmark would appropriate at the upcoming meeting. In regards to potential fiscal policies changes, Janet Yellen said that there is no need for the Fed to wait for them. The US dollar soared, and the yields on 10-year notes followed its lead.Today Chair Yellen will deliver her testimony before the House Financial Services Committee. The wording will probably be the same, but the Q&A session might trigger some moves in the pairs with USD name. There will be plenty of US data on the roster today – US CPI, retail sales, industrial production and Empire Manufacturing index for January.USD/JPY rallied to 114.16 overnight but failed to stay there for a long time dribbling back to 113.40 in the course of the Asian session. The euro edged to 1.0620 in the morning having pared yesterday’s losses.GBP/USD was sent below 1.2440 mark on the strengthening greenback and disappointing UK inflation data (diverting the BoE from raising rates in the foreseeable future). The UK labor market report is the highlight in Europe. The UK unemployment rate is expected to remain unchanged at 4.8% in December, and what is more important for the BoE, weekly earnings are also seen unchanged. If the data is in line with expectation, it could be a drag on the pound, since the absence of evident upticks in inflation/employment data doesn’t pose any challenge to the current BoE’s monetary policy stance.AUD/USD gained some additional points having risen above 0.7685 on the past session. Aussie is keeping steadily at the top of leader board, still basking in the sunlight of the yesterday’s strong NAB business survey. Kiwi rose to 0.7175 against USD on the session.USD/CAD dropped to 1.3030 on the session. At 15:30 MT time, wait for the Canadian manufacturing sales release. The stronger dollar and increase in the US stockpiles weighted on the crude oil prices overnight. Brent futures slumped to $55.60, while U.S. crude CLc1 was down to $52.80.On November 30, 2016, a number of OPEC and non-OPEC pledged to cut production. The recent OPEC and IEA reports on the compliance with the agreement unmasked the cheaters. OPEC members achieved almost a full compliance with the deal, while non-OPEC producers are letting their supplies declines naturally having implemented only a half of their pledged cuts (this was unveiled by the Bloomberg’s analysts on Valentine’s day as if they wanted to prove that there is no true love in business).More:https://new.fxbazooka.com/analytics/12486 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 EUR/USD: "Double Bottom" stopped bearish rally2/15/2017The price faced a support at 1.0551, so we’ve got a “V-Bottom”. Therefore, the market is likely going to continue moving up towards a resistance at 1.0594 – 1.0607. If a pullback from this area happens, there’ll be an opportunity to have another decline in the direction of the nearest support at 1.0522.Bears found a support at 1.0566, so we’ve got a “Double Bottom” pattern. In this case, bulls are likely going to reach a resistance at 1.0594 – 1.0607 shortly. However, if we see a pullback from these levels, the market will probably try to test a support at 1.0551 – 1.0535.More:https://new.fxbazooka.com/analytics/12488 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 GBP/USD: consolidation going to move on2/15/2017The price is consolidating between the 89 Moving Average and the nearest resistance at 1.2548. Therefore, the pair is likely going to rise towards a resistance at 1.2509 – 1.2548. If bull be stopped here, there’ll be an opportunity to have another decline towards a support at 1.2411 – 1.2386.All Moving Averages have been broken, so the price is consolidating. In this case, we should keep an eye on the closest resistance at 1.2509 – 1.2538 as a possible intraday target. If a pullback from this area happens, bears are likely going to achieve a support at 1.2432 – 1.2411.More:https://new.fxbazooka.com/analytics/12489 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 GBP/USD: spring continues to shrink2/15/2017Technical levels: support – 1.2450; resistance – 1.2500, 1.2560.Trade recommendations:1. Buy — 1.2450; SL — 1.2430; TP1 — 1.2560; TP2 — 1.2590.Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of the Cloud.More:https://new.fxbazooka.com/analytics/12490 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 EUR/USD: on main support2/15/2017Technical levels: support – 1.0570; resistance – 1.0640, 1.0700.Trade recommendations:1. Buy — 1.0570; SL — 1.0550; TP1 — 1.0640; TP2 – 1.0700.Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen and falling lines; the prices are under the Cloud, but there is a strong support on 1.0570.More:https://new.fxbazooka.com/analytics/12491 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 Bitcoin is poised to become a real asset2/15/2017It seems that our whimsical adolescent bitcoin puts hair up acting more like a grown-up financial asset. Its wild swings, seen three years ago, are less evident now. It is becoming less volatile, although its contentious temper still makes itself felt from time to time. Last week’s spikes back up this assertion. The cryptocurrency slumped to 943.80 from 1078.25 on February 10 after the People’s Bank of China issued its hardest warning to the domestic bitcoin industry saying that platforms trading bitcoin risk being shut down if they violate regulations on money laundering, foreign-exchange management and other issues. Some top exchanges had to halt client withdrawals temporally in compliance with the central bank’s requirements. This led many traders to close their positions and sent BTC/USD to its low for the first time since January 12, 2017. Others keep an eye on the further developments in China where the bitcoin industry has spawned significantly in recent years (there is a strong demand in China for bitcoin because of the significant fall in value of the yuan).For all the volatility, though, the digital currency is showing signs of becoming a serious asset. It became less volatile for numerous reasons. The trade volume of bitcoin has increased, and the circulation of cryptocurrency is broader than it used to be 3 years ago. Another reason of bitcoin’s relative stability is that nowadays investors are able to hedge their positions or even short the high-risk asset using futures contracts traded through Bitmex or Bitfinex, special marketplaces for lending bitcoin to people who want to sell it short. The popularity of bitcoin may increase even further especially if the Securities and Exchange Commission (SED) approve at least one of the existent bitcoin-focused exchange-traded funds. It would provide individual investors an opportunity to invest over the longer periods of time in bitcoins and eliminate the worries about thefts of digital currency from digital wallets.The SED promised to issue its ruling on the Winklevoss Bitcoin Trust, operated by American rowers Tyler and Cameron Winklevoss (you must know them; they sued Facebook founder Mark Zuckerberg for purportedly stealing their idea to create the social networking site) by March 11. If the trust is approved, bitcoin will surge significantly from the present levels.More:https://new.fxbazooka.com/analytics/12494 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 EUR/USD: "Harami" pushed the price lower2/15/2017We’ve got a “Three Methods” pattern above the “Window”. Therefore, the market is likely going to continue moving up towards the nearest support level.The lower “Window” acted as a resistance, so we’ve got a “Harami”, which has been confirmed. Also, there’s a “Three Black Crows” pattern, so bears are likely going to test the closest support during the day.More:https://new.fxbazooka.com/analytics/12495 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 USD/JPY: bulls going to test "Window"2/15/2017The 13 Moving Average is acting as a support, so we’ve got a bullish “Harami”, which has been confirmed. So, the price is likely going to test the upper “Window” in the short term. If any bearish pattern arrives later on, there’ll be an opportunity to have another decline.The nearest strong “Window” has been broken, so the price is likely going to test the 13 Moving Average. However, bulls will probably try to reach the next upper “Window” during the day.More:https://new.fxbazooka.com/analytics/12496 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 EUR/USD: wave is about to end2/15/2017Wave 2 has been formed like a zigzag, so the price is declining in wave . The main intraday target is 6/8 MM Level, which could be a departure point for wave [ii].As we can see on the one-hours chart, wave is about to end. We’ve got an extension in wave (iii) and a small correction in wave (iv). If a pullback from 4/8 MM Level happens, there’ll be an opportunity to have a local correction.More:https://new.fxbazooka.com/analytics/12498 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 AUD/JPY broke key resistance level 87.002/15/2017AUD/JPY broke key resistance level 87.00Next buy target – 89.00AUD/JPY continues to rise after the earlier breakout of the key resistance level 87.00 (previous buy target, which has been steadily reversing the price from the middle of December, as can be seen from the daily AUD/JPY chart below). The breakout of this resistance level accelerated the active impulse waves 3 and (3) – both of which belong to the primary impulse wave ? from the end of December.AUD/JPY is expected to rise to the next buy target at the next resistance level 89.00. Protective stop-loss can be placed below the aforementioned price level 87.00.More:https://new.fxbazooka.com/analytics/12501 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 15, 2017 Share Posted February 15, 2017 EUR/AUD broke support area2/15/2017EUR/AUD broke support areaNext sell target - 1.3600EUR/AUD continues to fall after the recent breakout of the support area lying between the support levels 1.4000 and 1.3900, both of which were set as the sell target in our earlier forecast for this currency pair. The breakout of this support area accelerated the active minor impulse wave 3 – which then broke the support trendline of the daily down channel from last September.EUR/AUD is expected to fall further to the next sell target at the support level 1.3600 (forecast price calculated for the termination of the active impulse wave (iii)).More:https://new.fxbazooka.com/analytics/12502 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 FBS GRAND EVENT COMES TO KUALA LUMPUR2/16/2017https://www.youtube.com/watch?v=UFIFkqe53WMIt took place on January 28th at the 5-star hotel - Grand Hyatt Kuala Lumpur. Though our party was synchronous with the celebration of Lunar New Year, very important holiday in Malaysia, our dear clients found the time to join us.This was our second experience of holding the Grand Event and we were more or less prepared for it, but it is really impossible to get used to the super warm welcome, that we received in Kuala Lumpur. At some points, this event was very similar to the event in Thailand, yet, it was uniquely special thanks to the atmosphere, our guests have created.The party was literally starting from the entrance – the team of professional animators made a bright and remarkable welcome show at the reception desk. Guests were watching the led light performance with acute fascination. Photo zone was full of those who wished to make a photo with FBS team.FBS top management took part in this photo session with great pleasure, using the occasion to communicate with traders in non-working atmosphere. Altogether, we even made a super big common selfie, which is now placed on the wall in our office.The official part of the Event was mixed with funny contests, where guests received exclusive t-shirts from FBS trader’s collection as gifts.FBS CEO Mr. Denis Slinkin made a speech where he thanked Malaysian traders for choosing our company as a broker and told about the company’s plans for the future. The guests were also sharing their ideas and gave a huge useful feedback.Of course, the most interesting part of the event was the entertainment program. It started with traditional dance performance, devoted to Lunar New Year celebration. Everybody was amazed with the luxury costumes and glide movements of the dancers.As usual, FBS prepared an outstanding surprise for its traders – the VIP guests of the show were singer Dayang Nurfaizah and comedian Harith Iskander. Adorable and one and only Dayang Nurfaizah sang her super hit “Lelaki Teragung” (Greatest Man), which has won Malaysia’s annual music competition “Anugerah Juara Lagu” (Champion of Song Awards). To say the guests were happy is to say nothing! Harith Iskander was also genius and extra comic, everybody started laughing just looking at his hilarious facial expressions.By the way, he also won a prestige award - "Funniest person in the world 2016" in the World competition held in Levi, Finland.Traditionally, guests received luxury Apple prizes from FBS – latest iPhones, iPads, MacBook Pro laptop and the biggest and main prize – iMac! What we know for sure is – giving presents is a lot nicer than receiving them! This is why we are making so many promotions with presents, gifts and prizes – we really enjoy the process! Looking back, we want to summarize – there was a lot of networking and communication, making friends and laughing.More; https://fbs.com/news/grand-event-malaysia Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 Gold: bulls are trying to restore the trend2/16/2017On the daily chart of gold, bulls held the level of $1220. At the present moment, they are trying to restore the uptrend. To continue their rally in the direction of $1280 they will need to test the convergence area located at $1250-1257. The inability of buyers to consolidate around the February high will be a signal of their weakness. On the hourly chart of gold, to retest support at $1218 can lead to the formation of expanding wedge pattern. As a result, there might be a correction in the direction of $1180. The nearest resistance levels are located near the marks of $1244 and $1255.Recommendations:SELL $1255 SL $1270 TP $1220,SELL $1218 SL $1230 TP $1180.More:https://new.fxbazooka.com/analytics/12504 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 EUR/USD: bears are setting up a trap2/16/2017On the EUR/USD daily chart, the target on the previously opened shorts has been fulfilled (SELL 1,0667 SL 1,0722 TP 1,0535). After that, the bulls gained control over the market. A rebound from the intermediate target 61.8% in the "Shark" pattern allows buyers to develop the correction in direction of 1.0635 and 1.0675 levels. But the technical outlook for the pair is still "bearish", so, there is the rationale of selling the euro on the growth of quotes.On the EUR/USD hourly chart, the resistance levels are located near 1.065 and 1.071. These levels correspond to the 38.2% and 23.6% Fibonacci retracement levels from the last upward wave. Recommendations:SELL 1,065 SL 1,0705 TP 1,0445,SELL 1,071 SL 1,0765 TP1 1,053 TP2 1,0445.More:https://new.fxbazooka.com/analytics/12505 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 Morning brief for February 162/16/2017The US dollar ran out steam in the course of the Asian session as investors took their profits. Wednesday’s US economic data and Fed Chair Yellen testimony lifted the odds for a March hike to 48% from earlier 37%. Coming back to the data, CPI figures for January were really strong; they doubled the market consensus at 0.6%. Well, much of these gains reflects petrol prices’ rally, but the core data also rose strongly to 0.3% which takes the annual rate to 2.3%. The CPI gives a good indication for the PCE measure closely watched by the Fed when it sets interest rate. A rule of thumb – the PCE is usually 0.5% less than the CPI which makes the annual core PCE to 1.8%. It’s very close to the Fed’s coveted target, isn’t it? The US retail sales and the Empire State Manufacturing index were also very strong. The latter one spiked to 18.7 which is well above the consensus figures (7.0). Yellen’s testimony before Congress offered no additional insight on the timing of the next rate hike. She simply reiterated the points she made on Tuesday to the Senate. Today’s focus will be on the US construction data, unemployment claims, and Philly Fed Manufacturing.The euro edged up to 1.0620 on the session. USD/JPY slid to 113.40 from yesterday’s high at around 114.50 although there were no significant data releases or news.The Australian jobs report was in the spotlight today. The headline was upbeat signaling a tepid recovery of the labor market. Aussie jumped to almost 0.7700 on the data and maintained in that area without many further advances.NZD/USD also went higher in the course of the Asian session having risen to 0.7175. You should closely watch New Zealand retail sales figures coming at 11:45 pm MT time.Loonie gathered momentum and gained some point against the greenback. USD/CAD dropped to 1.3030. Yesterday’s Canadian manufacturing sales release was supportive to CAD. The economic calendar for USD/CAD is light with the focus on the US data releases. Oil prices decelerated their pace. Brent was flat at $55.75, US crude dipped to $53 levels.GBP/USD experienced a modest upsurge on the session. It rose to 1.2480 having partially pared its earlier losses. The market participants still wait for the details on the timing of the formal Brexit. Senior government officials expect PM Theresa May to make the announcement on March 9 – March 10 at the EU summit in Brussels right after the final vote on the bill in the House of Lords on March 7.More:https://new.fxbazooka.com/analytics/12506 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 AUD/USD: aussie on local highs2/16/2017Technical levels: support – 0.7660/70, 0.7690; resistance – 0.7720.Trade recommendations:1. Buy — 0.7690; SL — 0.7670; TP1 — 0.7780; TP2 — 0.7840.Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, but the rising lines; the prices are on the new local highs.More:https://new.fxbazooka.com/analytics/12508 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 USD/JPY: market supported by Kijun and Cloud2/16/2017Technical levels: support – 113.90, 113.60; resistance – 114.30, 114.80.Trade recommendations:1. Buy — 113.90; SL — 113.60; TP1 — 114.40; TP2 — 114.80.Reason: bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the support of Kijun-sen and Senkou Span B.More:https://new.fxbazooka.com/analytics/12509 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 EUR/USD: "V-Bottom" launched bullish correction2/16/2017The price faced a support at 1.0522, so we’ve got a “V-Bottom” pattern. Therefore, the market is likely going to reach the 89 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have a decline towards a support at 1.0588 – 1.0578.There’s a “V-Bottom”, which led to the current upward correction. Bulls found a resistance on the 55 Moving Average, but the pair is likely going to test the next resistance at 1.0655 – 1.0658. Considering a possible pullback from these levels, there’s an option to have a decline towards a support at 1.0588 – 1.0578 afterwards.More:https://new.fxbazooka.com/analytics/12510 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 GBP/USD: bulls going to test the next resistance2/16/2017Bears faced a support at 1.2386, so there’s a “V-Bottom” pattern, which has been confirmed. Therefore, the market is likely going to continue moving up towards a resistance at 1.2509 – 1.2548. If a pullback from this area happens, the price will probably try to test the 89 Moving Average.We’ve got a “V-Bottom”, so the price is consolidating under the 34 Moving Average. In this case, bulls are likely going to test a resistance at 1.2509 – 1.2538 during the day. However, if we see a pullback from these levels, there’ll be an opportunity to have a decline towards a support at 1.2486 -1.2458.More:https://new.fxbazooka.com/analytics/12511 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 Key option levels for Thursday, February 16th2/16/2017EUR/USDMain trend Short-term period Medium-term periodNeutral NeutralChanges in the open interest + 171 762 ? + 256 923 ?Closest resistance levels 1.0630; 1.0665; 1.0692; 1.0726Closest support levels 1.0600; 1.0574; 1.0558; 1.0535Trading recommendationsBaseline scenario (High risk of reversal) Long EUR/USD above 1.0630, with target points at 1.0665 and 1.0692Alternative scenario Moving below 1.0600 can be considered as a signal to Sell the pair, with target at 1.0574 and 1.0558USD/JPYMain trend Short-term period Medium-term periodBearish NeutralChanges in the open interest + 89 ? + 560 ?Closest resistance levels 114.19; 114.52; 114.69; 114.92Closest support levels 113.55; 113.28; 112.92; 112.51Trading recommendationsBaseline scenario Short USD/JPY below 113.55, with target points at 113.28 and 112.92Alternative scenario Moving above 114.19 can be considered as a signal to Buy the pair, with target at 114.52 and 114.69USD/CADMain trend Short-term period Medium-term periodBearish BullishChanges in the open interest - 252 ? - 27 ?Closest resistance levels 1.3084; 1.3104; 1.3125; 1.3161Closest support levels 1.3031; 1.2994; 1.2945; 1.2882Trading recommendationsBaseline scenario Short USD/CAD below 1.3031, with the target points at 1.2994 and 1.2945Alternative scenario Moving above 1.3084 can be considered as a signal to Buy the pair, with target at 1.3104 and 1.3125More:https://new.fxbazooka.com/analytics/12512 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 Trading strategy with fractals2/16/2017Fractals are the technical tools helping to predict a reversal of the dominant trend. A fractal pattern consists of 5 consecutive bars positioned in the predefined order. There are two types of fractals.Bearish fractalA reversal from an uptrend to a downtrend occurs when the highest bar is located in the middle of the pattern and the two bars with lower highs on each side.Bullish fractalA reversal from a downtrend to an uptrend occurs when the lowest bar is positioned in the middle of the pattern with the two higher lows on each side.Fractals are known as breakout points since they highlight the points at which prices fail to hold and reverse. Fractals are very useful trading tools that help to identify powerful resistance and support levels. Also, they are very handy in the lineation of trends.There is a countless number of trading strategies using fractals for confirmation of the trend, for identification of the trend reversals. In this article, we decided to present one of the most effective trading strategies in which fractals are used to pinpoint profitable entries.“Key ingredients”Timeframe – hourly charts are preferable, but you can also use this strategy on the daily, weekly, 4H timeframes.Currency pairs – no specific recommendations; the strategy suits to all currency crosses.Trading session – anyTrading tools:50 exponential moving average (thereafter 50 EMA)Bill Williams Fractal indicator“Rules of the game” For short trades: prices are moving below the 50 EMA; a bearish fractal should be formed near the 50 EMA line; look for a formation of the bearish candlestick pattern or any other signal to confirm the trade before going short at the close of the fifth bar; if the trade is confirmed, you are allowed to open short position at the close of the fifth bar and place stop loss 33 pips above the middle candlestick (the highest point of the fractal pattern).For long trades: prices are moving above the 50 EMA; a bullish fractal should be formed in the vicinity of the 50 EMA line; use a bullish candlestick pattern for confirmation of your trade before going long; if the trade is confirmed, you are allowed to open long position and place stop loss 3 pips below the fractal candlestick (the lowest point in the fractal pattern).More:https://new.fxbazooka.com/analytics/12500 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 EUR/USD: "Window" acting as a resistance2/16/2017We’ve got an “Engulfing” and a “Three White Soldiers”. Moreover, there’s a “Window”, which is acting as a resistance. Therefore, the price is likely going to test the next “Window” in the short term. If a pullback from this levels happens, there’ll be an opportunity to have another decline.There’s a “Hanging Man” on the 89 Moving Average, but this pattern has a weak confirmation. So, the pair is likely going to get a support on the 55 Moving Average during the day. If we see a pullback from this line, bulls will probably try to test the 144 Moving Average.More:https://new.fxbazooka.com/analytics/12515 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 USD/JPY: bears going to test "Window"2/16/2017We’ve got a “Tweezers” and an “Engulfing” on the upper “Window”. At the same time, there’s an opportunity to have a local correction towards a resistance on the 89 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have another bearish price movement.The 89 Moving Average is acting as a support, so we’ve got a bearish “Three Methods” pattern here. Therefore, the pair is likely going to get a support on the nearest “Window” during the day.More:https://new.fxbazooka.com/analytics/12516 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 16, 2017 Share Posted February 16, 2017 EUR/USD: wave [ii] on the way2/16/2017Wave has been formed, so the price is rising. Previously wave 2 was ended like a zigzag. Therefore, bulls are likely going to deliver wave [ii] in the short term. The main intraday target is 8/8 MM Level.As we can see on the one-hour chart, there’s a bearish impulse in wave . Meanwhile, wave [ii] is probably taking form of a zigzag. In this case, wave (a) is likely going to end during the day, so there’s an opportunity to have wave ( soon.More:https://new.fxbazooka.com/analytics/12518 Quote Link to comment Share on other sites More sharing options...
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