riki143

AUD/USD: market is under resistance 1/27/2017 Technical levels: support – 0.7530; resistance – 0.7610. Trade recommendations: 1. Buy — 0.7530; SL — 0.7510; TP1 — 0.7610; TP2 — 0.7660. Reason: bullish Ichimoku Cloud and rising Senkou Span A; a weak dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are in the Cloud, but on the strong local support. More: https://new.fxbazooka.com/analytics/12222

EUR/USD: on support of Cloud 1/27/2017 Technical levels: support – 1.0660; resistance – 1.0710, 1.0770. Trade recommendations: 1. Buy — 1.0660; SL — 1.0640; TP1 — 1.0710; TP2 – 1.0770. Reason: bullish Ichimoku Cloud; a cancelled golden cross of Tenkan-sen and Kijun-sen; all the lines of Ichimoku Indicator are horizontal; the prices are supported by the Cloud. More: https://new.fxbazooka.com/analytics/12221

EUR/USD: bears came to senses 1/27/2017 On the EUR/USD daily chart, a successful test of the diagonal support may lead to the recovery of downtrend. But for this to happen bears will have to overcome significant levels at 1.064 and 1.058. On the EUR/USD hourly chart, a breakout of the support at 1.071 allowed traders to open shorts. A successful test of the lower border of the ascending trading channel will allow opening of short positions in the direction of the target 88.6% in the "Shark" pattern. Recommendations: hold shorts formed from the level of 1,071, SELL 1,066 SL 1,0715 TP1 1,058 TP2 1,045. More: https://new.fxbazooka.com/analytics/12220

GBP/USD: pound is losing firm ground 1/27/2017 On the GBP/USD daily chart, bulls came closer to the 88.6% level of the last descending wave and to the 88.6% target in the "Shark" inverted pattern but failed to stay in the convergence zone for a long period of time. After that, bears managed to test the diagonal support in the form of the lower boundary of the rising trading channel. On the GBP/USD hourly chart, quotes are testing the lower boundary of the upward sloping trading channel.If they manage to test the important level at 1.254, there will be a correction towards 1.241, or lower. Recommendation: SELL 1,254 SL 1,2595 TP 1,241. More: https://new.fxbazooka.com/analytics/12219

EUR/USD reversed from resistance zone 1/26/2017 EUR/USD reversed from resistance zone Next sell target - 1.0600 EUR/USD recently reversed down from the resistance zone lying between the resistance level 1.0770 (which stopped the earlier minor ABC correction 4 at the start of December), upper daily Bollinger Band and the 38.2% Fibonacci correction level of the previous sharp downward impulse from November. The downward reversal from this resistance zone stopped the earlier minor C-wave. Give the strength of the resistance level 1.0770 and the fact that that the daily Stochastic is trading in the overbought area - EUR/USD can be expected to correct down further toward the next sell target at the support level 1.0600. More: https://new.fxbazooka.com/analytics/12215

GBPJPY rising inside corrective wave (2) 1/26/2017 GBPJPY rising inside corrective wave (2) Next buy target – 148.60 GBPJPY has been rising steadily in the last few trading sessions inside the second intermediate corrective wave (2) from the middle of January. Wave (2) started when the pair reversed up from the support area located between the pivotal support level 138.00 (former strong resistance from September), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward correction form October. Having recently broken the narrow daily down channel from December - EUR/CAD is expected to rise further toward the next buy target at the next resistance level 148.60 (top of the previous long-term ABC correction ② from October). More: https://new.fxbazooka.com/analytics/12214

Jesse Livermore - the greatest speculator the world ever knew 1/26/2017 In this article, I am going to tell you about the most enigmatic and talented speculator of our history, the mold for Edwin Lefevre’s “Reminiscences of a Stock operator” – Jesse Livermore. Truth be told, I am not sure that it’s possible to describe all the twists and turns of his life just in few sentences. But as my dearest chairwoman always tells me: “Try harder”. So, I try. Livermore led a life of brilliance and excess, surrounded by mistresses, rolled in money in his age of reason. He went through three bankruptcies, death of his child, two divorces and committed suicide in 1940. Wall Streeters were obsessed with him. They begged for his advice; they were buying as Livermore; they were selling as Livermore. You might wonder why. Ok, I won’t keep you in the dark any longer. This person – Jess Livermore – managed to snatch an impressive sum of money in the crash of 1907; later on, he made $100 million going short on Black Tuesday. But you know, life is not just a run of good look; sometimes the fortune turns away from us. Jess Livermore was not always on a roll. There were many times when he lost his money. His unhappy marriage, neurotic, drinking wife and son added stress to his life and killed the desperation to win he had in his youth. As it was said in Lefevre’s book: “A man must believe in himself and his judgment if he expects to make a living at this game”. We may say, that Livermore lost his faith in himself. His spirits sank and he didn’t feel satisfied with his life. It seems that speculation and gambling were the only two things that kept him alive. Having stopped trading in stock and commodity markets, having lost his relatives, he decided to commit a suicide and shot himself in 1940. He left nothing to his second son, but his legacy to the generations of new traders and speculators is really huge. How to trade in stocks It’s a book in which Livermore described the rationale of his decision-making process. The book is bristle with witty quotations and trading tips that will never lose their value. Reminiscences of a Stock Operator The most popular book ever written about gambling, speculation that has become a trading and investment classic. It was written by American financial journalist – Edwin Lefevre, and published in 1923. Jesse Livermore was a prototype for the main character of the book – Laurie Livingston. More: https://new.fxbazooka.com/analytics/12213

cEUR/USD: wave (iii) is on the way 1/26/2017 We’ve got a couple of pullbacks from 4/8 MM Level, so wave 2 was likely ended. In this case, bears are likely going to deliver a bearish impulse in wave in the short term. The main intraday target is 2/8 MM Level. +1/8 MM Level acted as a resistance, which has stopped the last bullish impulse in wave [c] of 2. Therefore, there’s an opportunity to have a bearish impulse in wave (iii) of , so we should keep an eye on 5/8 MM Level as a possible short-term goal. More: https://new.fxbazooka.com/analytics/12212

USD/JPY: "Window" could act as resistance 1/26/2017 The upper “Window” acted as a support twice. So, the market is likely going to get a resistance on the 55 & 89 Moving Averages. If a pullback from these lines happens, there’ll be an opportunity to have a decline towards the middle of the last huge white candle, which could be a departure point for another bullish rally. There’s a “Harami”, which has been confirmed. The price is approaching the upper “Window”, which could act as a resistance. If so, there’ll be a chance to have a local bearish correction in the short term. More: https://new.fxbazooka.com/analytics/12211

EUR/USD: "Doji" on the Moving Average 1/26/2017 We’ve got a bearish “Harami” and a “High Wave” at the local maximum. Also, the middle of the last huge white candle is acting as a support. In this case, bears are likely going to test the nearest support level and the 34 Moving Average. If we’ve got a pullback from these levels, there’ll be an opportunity to have another bullish price movement. As we can see on the one-hour chart, there’re an “Engulfing” and a “Doji” at the last low. Therefore, the market is likely going to reach the closest resistance during the day. If we have a pullback from this level, bears will probably try to achieve the next resistance shortly. More: https://new.fxbazooka.com/analytics/12210

Key option levels for Thursday, January 26th 1/26/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 39 470 ? + 18 295 ? Closest resistance levels 1.0762; 1.0791; 1.0812; 1.0844 Closest support levels 1.0733; 1.0710; 1.0671; 1.0617 Trading recommendations Baseline scenario (High risk of reversal) Short EUR/USD below 1.0733, with target points at 1.0710 and 1.0671 Alternative scenario Moving above 1.0762 can be considered as a signal to Buy the pair, with target at 1.0791 and 1.0812 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 2 665 ? + 4 924 ? Closest resistance levels 1.2658; 1.2677; 1.2709; 1.2732 Closest support levels 1.2618; 1.2596; 1.2557; 1.2530 Trading recommendations Baseline scenario (High risk of reversal) Long GBP/USD above 1.2658, with target points at 1.2677 and 1.2709 Alternative scenario Moving below 1.2618 can be considered as a signal to Sell the pair, with target at 1.2596 and 1.2557 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 857 ? + 660 ? Closest resistance levels 1.3116; 1.3153; 1.3205; 1.3271 Closest support levels 1.3070; 1.3048; 1.3028; 1.2994 Trading recommendations Baseline scenario (High risk of reversal) Long USD/CAD above 1.3116, with the target points at 1.3153 and 1.3205 Alternative scenario Moving below 1.3070 can be considered as a signal to Sell the pair, with target at 1.3048 and 1.3028 More: https://new.fxbazooka.com/analytics/12207

GBP/USD: bulls going higher 1/26/2017 The price faced a resistance at 1.2672, so bears are likely going to get a support at 1.2619 in the short term. At the same time, if we have a pullback from this level, there’ll be a chance to have another upward price movement in the direction of the nearest resistance at 1.2703 – 1.2726. The pair is moving up towards the uptrend. Also, we’ve got a resistance at 1.2672, so the price is likely going to decline in the direction of the nearest support at 1.2619. If a pullback from this level happens, bulls will probably try to test a resistance at 1.2672 – 1.2703. More: https://new.fxbazooka.com/analytics/12206

EUR/USD: flat in the "Triangle" 1/26/2017 The price is still consolidating under a resistance at 1.0795, so we’ve got a “Pennant” here. In this case, the pair is likely going to continued trading in a range of this pattern. Meanwhile, bears will probably try to reach the nearest support at 1.0745 – 1.0719, which could be a departure point for another upward price movement. There’s a possible “Triangle” pattern, so the market is likely going to achieve a support at 1.0745 – 1.0728 shortly. If a pullback from this area happens, there’ll be an opportunity to have an upward movement towards a resistance at 1.0795 – 1.0815. More: https://new.fxbazooka.com/analytics/12205

AUD/USD: market is under resistance 1/26/2017 Technical levels: support – 0.7550/60; resistance – 0.7610. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7610; TP2 — 0.7660. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A; a weak dead cross of Tenkan-sen and Kijun-sen; the prices are fixed on Tenkan’s support; a market is under a strong resistance on daily timeframe. More: https://new.fxbazooka.com/analytics/12204

EUR/USD: euro is on Tenkan’s support 1/26/2017 Technical levels: support – 1.0740; resistance – 1.0770, 1.0820. Trade recommendations: 1. Buy — 1.0740; SL — 1.0720; TP1 — 1.0820/30; TP2 – 1.0900. Reason: bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen; all the lines of Ichimoku Indicator are horizontal; the prices are supported by Tenkan-sen. More: https://new.fxbazooka.com/analytics/12203

Morning brief for January 26 1/26/2017 The yield on 10-year US Treasury notes spiked to 2.50 overnight as risk aversion was ebbed. The US dollar refused to follow its usual pattern: instead of rising from higher Treasury yields, it weakened against its major peers. The euro edged up to 1.0760. Today we will receive some domestic data releases from Spain and Germany. Also, there will be Eurogroup meetings gathering to discuss various financial issues. The pound extended its gains and rose to 1.2655 on the Asian session. The pound trades like a currency that was beaten up so much that it can easily slide down. The heightened inflation rate trimmed the producers’ profit, as raw material prices have risen significantly. It may lead to the slowdown in the real wage growth rate and be reflected in consumption sentiments. Many believe that present bullish momentum in GBP/USD is not long-lasting. Let’s say that at the present moment the pound snatches at a chance striving to rise higher on the relative weakness of the US dollar. The movement of AUD/USD is a bit atavistic. Unlike other currencies, Aussie weakened against the dollar and fell to 0.7570. At the start of the year, the Australian dollar gained mainly on the improvement of the global risk sentiment, bull commodity market. Yesterday, we got Australian CPI report indicating a rather slow growth of inflation rates. Aussie’s recent weakness might allow the Reserve Bank of Australia not to recourse to further easing measures next meeting. USD/CAD continues its downward rally. The currency pair has already slumped to 1.3065. According to Nomura bank projection, USD/CAD is likely to end the first quarter at around 1.2800. Rising oil prices and improved domestic data should support the currency in near term. Brent oil futures topped to $55.52 overnight. Gold continued a selloff and slipped to $1198.45 per ounce. More: https://new.fxbazooka.com/analytics/12202

Gold: bulls showed their weakness 1/26/2017 On the daily chart of gold, a double top has been formed. It blocked the path of bulls to the north. To restore the uptrend quotes should rise above the resistance located at $1,205 per ounce, and then update the January highs. If bears manage to break the diagonal support and go out of the descending trading channel, there will be a correction towards $1,174. On the hourly chart of gold, a successful test of the lower boundary of the upward trading channel will signal us that bears remain control over the market. Recommendations: SELL $1195 SL $1204 TP $1175, BUY $1220 SL $1210 TP $1255. More: https://new.fxbazooka.com/analytics/12201

AUD/USD: bulls are trying to regain control over the market 1/26/2017 On the AUD/USD daily chart, bears failed to keep the quotes below important support located at 0,754 (61.8% of the last descending XC wave). "Bulls" are trying to regain their control over the market. If they manage to update the January high, prices will move higher towards the resistance lines locates at 0.7645 and 0.771. There are 78.6% and 88.6% targets of the "Shark" inverted pattern. On the AUD/USD hourly chart, having fulfilled the target 88.6% in the "Bat" pattern, bulls started their attack. Breakouts of the resistance lines at 0.7586 and 0.7595 can lead to the restoration of the uptrend. Recommendation: BUY 0,7595 SL 0,754 TP 0,771. More: https://new.fxbazooka.com/analytics/12200

EUR/USD: wave (iii) is about to start 1/25/2017 4/8 MM Level is acting as a resistance. If we see a pullback from this level, there’ll be an opportunity to have a bearish impulse in wave . At the same time, if 4/8 turns out to be broken, then bulls will be free to move on. As we can see on the one-hour chart, there’s a possible bullish impulse in wave [c] of 2. Also, we’ve got a small bearish impulse in wave (i). Therefore, there’s a chance to have another bearish impulse in wave (iii) of in the short term. More: https://new.fxbazooka.com/analytics/12194

CAD/CHF rising inside minor impulse wave (iii) 1/25/2017 CAD/CHF rising inside minor impulse wave (iii) Next buy target - 0.7700 CAD/CHF continues to rise inside the minor impulse wave (iii) – which started earlier- when the pair reversed up from the support zone lying between the support level 0.7500 (which also stopped the previous minor correction 2 in December, as can be seen below), the lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse 1 from November. The upward reversal form the aforementioned support zone created the daily Japanese candlesticks reversal pattern Morning Star. CAD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7700 (top of the previous wave (). More: https://new.fxbazooka.com/analytics/12193

EUR/CAD reversed from resistance area 1/25/2017 EUR/CAD reversed from resistance area Next sell target – 1.4000 EUR/CAD recently reversed down sharply from the resistance area lying between the resistance level 1.4260 (which reversed the earlier minor correction 2 with the Dark Cloud Cover in December), the upper daily Bollinger Band and the 50% Fibonacci retracement level of the earlier downward impulse from November. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star Doji. EUR/CAD is expected to fall further toward the next sell target at the round support level 1.4000 (former top of the earlier minor correction (a) from the start of this month). Strong resistance remains at the aforementioned resistance level 1.4260. More: https://new.fxbazooka.com/analytics/12192

USD/JPY: bears going to test "Window" 1/25/2017 The upper “Window” acted as a support once again, so we’ve got a “Piercing Line”. Also, the 13 Moving Average acted as a resistance. Considering the last “Harami” pattern, the pair is likely going to test the closest support in the coming hours. If a pullback from this level happens, there’ll be an opportunity to have another bullish price movement. There’re a “Doji” and a “Three Black Crows”, which both have been confirmed enough. Therefore, the market is likely going to achieve the nearest support, which could stop bears. More: https://new.fxbazooka.com/analytics/12191

EUR/USD: local "Hanging Man" 1/25/2017 We’ve got a bearish “Harami” pattern at the local high. Also, the middle of the last white candle is acting as a support, so there’s an “Engulfing” pattern. Therefore, bulls are likely going to test the last high in the short term. There’s a “Hanging Man”, but a confirmation of this pattern is a quite weak. In this case, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement. More: https://new.fxbazooka.com/analytics/12190

Long-term USD/JPY forecast from Mr. Yen 1/25/2017 According to Eisuke Sakakibara, a former top currency official at Japan’s Finance Ministry, commonly known as Mr. Yen, JPY may strengthen significantly against its American peer and reach 100 yens per dollar mark by the end of this year. Sakakibara’s reasoning: It is unlikely that Mr. Trump manages to fulfill his pledge of 4% annual economic growth for the US. The most realistic growth rate for the US is 2 – 2.5%. As soon as uncertainty over Trump’s policies arises and the period of European elections starts, the demand for yen as for safe-haven currency will increase; The Trump’s administration will need a weaker dollar to shore up exports and employment (but weaker not too weak; if USD becomes too weak, the Fed’s will need to meddle in); It’s unlikely that the US economy will be robust enough to sustain multiple interest rate increases that were well priced in by the market participants; Japan is not allowed to intervene in the forex exchange market to offset the demand for yen without the consent of Group of Seven nations. Last time the BOJ intervened was in March 2011 after earthquake and tsunami, and that intervention was coordinated with other G7 members. More: https://new.fxbazooka.com/analytics/12189

Financial market documentaries 1/25/2017 Such Hollywood masterpieces as “The Wolf of Wall Street”, “Big short” needn’t be advertised. Every amateur trader must have seen them at least once. In this article, we’ve decided to concentrate on the movies that offer educational rather than entertainment value. Underneath you will find the selection of documentary movies that deserves the attention of those who are always up to learn something new. The Ascent of Money: Boom and Bust It’s a complete six-part television documentary about the financial history of the world starting from the Babylonian times and ending with comprehensive introductory to the 2008 global financial crisis. Someone would say that watching this hours-long video it’s a complete waste of time, that traders don’t need a degree and knowledge of the history of money to be successful. And we won’t contradict this argument; gut feelings trump everything, but the knowledge of how the finance world operates is a supplementary tool in market’s analyses. It could be your secret MIND weapon if you like. And we don’t force you to watch the whole thing, perish the thought, no. Just take you time to watch the parts you’re most interested in. 25 Million Pounds It is a classic story of success of Nick Leeson, not very honest, but brilliant man. Nick started his career as Morgan Stanley clerk and ended up as a rogue trader who managed to bring down Barings, an old British bank due to his abilities to deceive and manipulate those around him. It’s also a story of those he deceived. They voluntarily entered into a dream Nick Leeson wove lured by the prospect of whaling sums of money and together they lost 830 mln pounds. Floored The movie captures the very essence of trading for living as it describes the life story of the old-school floor traders struggling to survive in the world of computerized markets. The age of technology has changed traders’ living, working habits, but not their penchant for making money. Floored is a gripping, honest and inspiring documentary describing the lives of professional traders: their worries, concerns, struggles, fears of the unknown. Wall Street Warriors It is a documentary series, not just a movie. So, don’t accidently hook on them. Each episode reveals us the details of various Wall Street entrepreneurs. A documentary allows its viewers to take a walk in the shoes of Wall Street pedestrians, to see the intense competition that reigns in the financial world of market gurus. Inside Job It’s probably the most comprehensive and informative documentaries on the 2008 housing and banking financial crisis. The film covers the US policy changes and banking practices that led to the outburst of the global financial crisis. The practical value of the movie: once you know how the crisis evolved and understand its causes, you will be able to recognize the early stages of subsequent crises and shield yourself from possible financial losses. Too big to fail It’s a film focusing on the actions of the US Treasury Secretary Henry Paulson prior to the 2008 financial meltdown. The US Treasury officials face with the need to bailout such gigantic financial institutions as Lehman Brothers and multinational insurance corporation AIG having recognized that their collapse may lead to the devastating crisis. The film seeks to justify the “too big to fail” theory necessitating the need for a bailout of big firms because of their great influence on the financial system. According to advocates of this theory, the too-big-to-fail firm needs to be provided with government support in times of the economic turbulences because the consequences of its collapse won’t outweigh the costs spent on its avoidance. More: https://new.fxbazooka.com/analytics/12188