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NZD/USD: bears going to deliver wave (i) 8/3/2016 It seems like wave [ii] has been ended in a form of a zigzag, so there’s a possibility to have a downward impulse in wave (i). The nearest bearish target is 5/8 Murrey Math Level (P=200). If the price breaks this level, bears will likely going to deliver a deeper impulse. As we can see on the one-hour chart, we’ve got a “Diagonal Triangle” in wave v of ©. Therefore, wave (i) is likely going to move on. The main bearish target is 4/8 Murrey Math Level (P=200). More: https://new.fxbazooka.com/analytics/9903

EUR/USD: wave v of © successfully ended 8/3/2016 We’ve got a pullback from 4/8 Murrey Math Level (P=200), which points to a possible ending of wave 4 in a form of a “Double Three”. Therefore, wave of 5 is likely going to be started, so we should keep an eye 2/8 Murrey Math Level, which could be the next bearish target. Wave v of © ended on 8/8 Murrey Math Level, so we’ve got a pullback from there. However, it’s better to wait a little bit until the price breaks 6/8 Murrey Math Level. If it happens, there’ll be an opportunity to have further decline in wave . More; https://new.fxbazooka.com/analytics/9902

Key option levels: August 3rd 8/3/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 28 580 ↓ + 71 490 ↑ Closest resistance levels 1.1251; 1.1269; 1.1289; 1.1319 Closest support levels 1.1209; 1.1179; 1.1140; 1.1095 Trading recommendations Baseline scenario Short EUR/USD below 1.1209, with target points at 1.1179 and 1.1140 Alternative scenario Moving above 1.1251 can be considered as a signal to buy the pair, with target at 1.1269 and 1.1289 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 1 290 ↑ + 955 ↑ Closest resistance levels 1.3364; 1.3378; 1.3399; 1.3433 Closest support levels 1.3297; 1.3275; 1.3251; 1.3224 Trading recommendations Baseline scenario Sell pair below 1.3297, with target points at 1.3275 and 1.3251 Alternative scenario Moving above 1.3364 can be considered as a signal to buy the pair, with target at 1.3378 and 1.3399 USD/JPY Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 6 241 ↑ + 1 273 ↑ Closest resistance levels 101.48; 101.82; 102.24; 102.69 Closest support levels 100.69; 100.54; 100.27; 100.02 Trading recommendations Baseline scenario Long USD/JPY above 101.48, with the target points at 101.82 and 102.24 Alternative scenario Moving below 100.69 can be considered as a signal to sell the pair, with target at 100.54 and 100.27 USD/CAD Main trend Short-term period Medium-term period Bullish Bullish Changes in the open interest + 735 ↑ + 407 ↑ Closest resistance levels 1.3134; 1.3186; 1.3257; 1.3339 Closest support levels 1.3058; 1.3024; 1.2968; 1.2897 Trading recommendations Baseline scenario Long USD/CAD above 1.3134, with the target points at 1.3186 and 1.3257 Alternative scenario Moving below 1.3058 can be considered as a signal to sell the pair, with target at 1.3024and 1.2968 More: https://new.fxbazooka.com/analytics/9901

AUD/USD: the bullish mood 8/3/2016 Technical levels: support – 0.7560; resistance – 0.7620. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7620; TP2 — 0.7680. Reason: bullish Ichimoku Cloud, Senkou Span A and B are growing up; golden cross of Tenkan-sen and Kijun-sen is temporarily cancelled, but there is a strong support of them. More: https://new.fxbazooka.com/analytics/9900

GBP/USD: pound feels great 8/3/2016 Technical levels: support – 1.3290; resistance – 1.3370, 1.3480. Trade recommendations: 1. Buy — 1.3290; SL — 1.3270; TP1 — 1.3370; TP2 — 1.3480. Reason: a bullish Cloud with growing range; golden cross of Tenkan-sen and Kijun-sen; a new highs for last three weeks. More: https://new.fxbazooka.com/analytics/9899

GBP/USD: "Pennant" highlight possibility of more bullish pressure 8/3/2016 We’ve got a correction in progress. The price has already faced a resistance at 1.3339, which brought a local decline into the market. Therefore, bulls are likely going to reach the 89 Moving Average in the short term. However, if a pullback from this line happens, there’ll be an opportunity to have a bearish movement towards a support at 1.3226 – 1.3116. There’s a “Pennant”, so the price is likely going to test a resistance at 1.3400 – 1.3445 during the day. Considering a possible pullback from this level, we should keep an eye on the nearest support at 1.3313 – 1.3289. More: https://new.fxbazooka.com/analytics/9898

EUR/USD: "Flag" calling bulls to deliver new high 8/3/2016 As we can see on the four-hour chart, a bullish movement is taking place. The price found a resistance at 1.1235, which led to the current local consolidation. So, buyers are likely going to move on, which makes possible an achievement of the nearest trend line. If we see a pullback from the trend, a downward correction becomes possible. There’s a consolidation between the nearest resistance at 1.1235 and support at 1.1196. Also, we’ve got a “Flag”, so the pair is likely going to move up towards the closest resistance. However, bears will probably try to deliver a correction afterwards. More: https://new.fxbazooka.com/analytics/9897

USD/JPY is one step away from 100.00 8/3/2016 On the daily chart USD/JPY keeps moving towards the lower border of the bearish trend channel. It corresponds to 127.2% of the "Shark" pattern target (98.00). Target of AB=CD at 224% mentioned in the previous article is reached. Look for resistance near 102.69. On H1 USD/JPY the angle of the downtrend points at the strength of the "bears". The pair entered convergence area of 100.21-100.84. The break below these levels will open the way down towards 98. The nearest resistance levels lie at 101.82 and 102.68. More: https://new.fxbazooka.com/analytics/9894

EUR/USD keeps pushing higher 8/3/2016 On the daily chart one may see that the bulls managed to break resistance of 1.1175 and keep moving towards the 88.6% target of the "Bat" pattern (1.1370). Here's also the upper border of the rising trend channel. The level of 1.1175 is acting as support (previous resistance and 38.2%Fibo of the last descending wave). On H1 EUR/USD is forming "3 Indians" pattern . It may realize if the pair falls below the minimum of the second bar of the Indian (1.1170). Here's the middle of the previous short-term consolidation range that allows us to speak about potential "Fakeout-Shakout" pattern. More: https://new.fxbazooka.com/analytics/9893

US Dollar & ADP Employment Change: A support for the greenback is coming? 8/3/2016 The greenback is still showing weakness across the board, as the recent US data had shown very negative numbers for the national economy's improvement on a quarterly basis and today at 12:30 GMT will be released the ADP employment change data, where the analysts are expecting a slight decline from 172K to 171K on the July's reading. It should be noted that the latest five releases were mixed, so we'll see how the numbers will be ahead of Friday's US NFP. Our technical view for US Dollar Index at H4 chart is still bearish, as the index has been doing a consolidation below the 200 SMA. However, we're seeing that it's near to the 61.8% retracement level of the move from 93.01 to 97.59. A rebound above it can drive the DXY towards the 95.97 level as the next critical resistance. However, with a weaker-than-expected ADP reading, we could see a breakout below the 94.97 level, towards the 94.34 as the next south's target. More: https://new.fxbazooka.com/analytics/9892

NZD/USD continues strong uptrend 8/2/2016 NZD/USD continues strong uptrend Next buy target - 0.7300 NZD/USD continues to rise inside the minor impulse wave 3 – which stared earlier – when the pair revered up from the support zone lying between the round support level 0.7000, 0.6980 (previous sell target), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward price impulse 1 from the end of May. The active minor impulse wave 3 belongs to the sharp intermediate impulse wave © from the end of May. NZD/USD is expected to rise further in the active impulse waves 3 and © toward the next buy target at the strong resistance level 0.7300 (which stopped earlier impulse wave 1 in July). More: https://new.fxbazooka.com/analytics/9891

USD/JPY reached sell target 102.00 8/2/2016 USD/JPY reached sell target 102.00 Next sell target – 100.00 USD/JPY continues to decline – following the earlier breakout of the support level 102.00, which was set in our earlier forecast as the likely downward target for this currency pair. The breakout of this support level is likely to accelerate the active indeterminate impulse wave (3), which is a part of the primary downward impulse ? from the end of May. USD/JPY is likely to continue to fall in the direction of the next sell target at the major round support level 100.00 (which reversed the previous wave B and (1)). Expect the pair to correct up after reaching the shttp://www.moneymakergroup.com/Forex-News-Trade-Recomme-t468159.html&view=findpost&p=1109720162?do=findComment&comment=1109720162upportlevel 100.00. More: https://new.fxbazooka.com/analytics/9890

USD/JPY: "Gravestone Doji" as a sign of bulls weakness 8/2/2016 The market has been falling down since a “Shooting Star” formed at the last high. Moreover, we’ve got the second “Shooting Star” at the local maximum, but it hasn’t been confirmed yet. As we can see on the Daily chart, here isn’t any reversal pattern so far, which makes possible further bearish steps. We’ve got a “Gravestone Doji”, so the price found a lodgement under the nearest “Window”. Therefore, bears are likely going to move on until any bullish pattern forms. More: https://new.fxbazooka.com/analytics/9888

EUR/USD: "Window" has been waiting for bulls 8/2/2016 There’s a bullish rally, which is taking place on the four-hour chart, so we haven’t got any reversal pattern. In this case, the market is likely going to reach the nearest “Window”, where some bearish pattern could be formed. As we can see on the Daily chart, here’s a strong support by the 55 & 89 Moving Average lines. The last candles are bullish, so an achievement of the 144 Moving Average is a still on the table. The last consolidation was finally ended by the huge white candle. Also, there’s an “Engulfing” at the local low. Therefore, the pair is likely going to reach the nearest resistance. If a pullback from this level happens later on, there’ll be a chance to see a bearish correction towards the 21 Moving Average. More: https://new.fxbazooka.com/analytics/9886

GBP/USD: the market get bogged down in a flat morass 8/2/2016 There’s a flat between the nearest resistance at 1.3289 and support at 1.3116. So, the price is likely going to reach the 89 Moving Average in the short term. However, if a pullback from this line arrives, then another downward movement will be on the table. The price is moving along the Moving Average lines. Also, we’ve got a “Pennant” pattern, so the market is likely going to reach a support at 1.3148 – 1.3116 during the day. Nevertheless, bulls are still in the game, which means an achievement of the next resistance at 1.3313 – 1.3336 is a still possible. More: https://new.fxbazooka.com/analytics/9877

EUR/USD: "Pennant" increasing bullish pressure 8/2/2016 There’s a consolidation, which is taking place on the four-hour chart. Also, we’ve got a “Flag” pattern, so the price is likely going to reach a resistance near the current downtrend. At the same time, if a pullback from the trend happens afterwards, then there’ll be an opportunity to see a bearish movement in the direction of a support at 1.1186 – 1.1166. We’ve got a consolidation in a range of the current “Pennant” pattern. So, bulls are likely going to achieve a resistance at 1.1222 – 1.1235. However, if we see a pullback from this area, bears will probably try to catch a support at 1.1166. More: https://new.fxbazooka.com/analytics/9876

USD/JPY: correction to Tenkan[/] 8/2/2016 Technical levels: support – 102.10, 101.40, 100.80; resistance – 102.50, 102.90. Trade recommendations: 1. Sell — 102.80; SL — 103.00; TP1 — 102.00; TP2 — 101.40. Reason: dead cross of Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud, falling Senkou Span A and B. More: https://new.fxbazooka.com/analytics/9873

GBP/USD: pound holds above the cloud 8/2/2016 Technical levels: support – 1.3180; resistance – 1.3270, 1.3290. Trade recommendations: 1. Buy — 1.3180/90; SL — 1.3160; TP1 — 1.3270; TP2 — 1.3290. Reason: a bullish Cloud with growing range; golden cross of Tenkan-sen and Kijun-sen. More https://new.fxbazooka.com/analytics/9872

Gold: will the bulls find strength to attack? 8/2/2016 On the daily XAU/USD chart there's sustainable uptrend. The trend counl continue in case of successful test of resistance at $1370 an ounce. Here's the target of the 161.8% AB=CD pattern. The area of $1305-1314 acts as support. The break of it will activate the "3 Indians" and 1-2-3 and will lead to correction to $1260-1280 an ounce. On H1 the bulls have already twice managed to break above the consolidation patterns within the "Spike and ledge" pattern. Remember about the risks of a model (Fakeout-Shakout). Unsuccessful break of resistance and the following return to the lower border will be a signal for short positions. More: https://new.fxbazooka.com/analytics/9870

AUD/USD is feeling giddy 8/2/2016 On the daily AUD/USD the attempt of the bulls to restore the uptrend has failed. The pair formed a combination of "3 Indians" model and 1-2-3. This formation points at the high possibility of a reversal. The break of support at 0.7470 (38.2% Fibonacci of the last bullish wave and the lower border of the uptrend channel) may be a signal for opening short positions. On H1 successful test of the upper border of the uptrend channel and the further decline of the quotes below the local low at 0.7480 will activate the "Shark" pattern. Its 88,6% target is near 0.7435. Recommendation: SELL 0.747 SL 0.757 TP1 0.734 TP2 0.725. More: https://new.fxbazooka.com/analytics/9869

EUR/USD: euro is still overbought 8/2/2016 Technical levels: support – 1.1160, 1.1130; resistance – 1.1170, 1.1220. Trade recommendations: 1. Sell — 1.1220; SL — 1.1240; TP1 — 1.1080; TP2 – 1.1050. Reason: bullish Ichimoku Cloud; golden cross of Tenkan and Kijun, but there is still an overbought market. More:

EUR/USD: "Horizontal Triangle" points to coming wave v of © 8/2/2016 Wave 4 is likely going to end soon as a possible “Double Three” could finish its rally near 4/8 Murrey Math Level (P=200). So, if a pullback from this levels happens, there’ll be an open door for wave . The nearest bearish target is 2/8 Murrey Math Level. We’ve got a “Horizontal Triangle” in wave iv, which points to a possible upward movement in wave v of ©. Therefore, the price is likely going to achieve 8/8 Murrey Math Level, which could act as a resistance. At the same time, bears will probably try to set up wave afterwards. More: https://new.fxbazooka.com/analytics/9868

Key option levels: August 2 8/2/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 169 776 ↑ + 125 927 ↑ Closest resistance levels 1.1196; 1.1215; 1.1236; 1.1268 Closest support levels 1.1155; 1.1126; 1.1089; 1.1045 Trading recommendations Baseline scenario Buy pair above 1.1196, with the target points at 1.1215 and 1.1236 Alternative scenario Moving below 1.1155 can be considered as a signal to sell the pair, with target at 1.1126 and 1.1089 Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 1 253 ↑ + 2 100 ↑ Closest resistance levels 1.3225; 1.3247; 1.3263; 1.3282 Closest support levels 1.3167(54?); 1.3138; 1.3118; 1.3095 Trading recommendations Baseline scenario Short GBP/USD below 1.3167, with target points at 1.3138 and 1.3118 Alternative scenario Moving above 1.3225 can be considered as a signal to buy the pair, with target at 1.3247 and 1.3263 More: https://new.fxbazooka.com/analytics/9867

GBP/USD & UK Construction PMI: Downside road before BoE's meeting? 8/2/2016 This week will be crucial for the Sterling, as the BoE will decide about interest rates and where the markets are expecting a possible rate cut on Thursday. However, before that key event, today at 08:30 GMT will be released the UK Construction PMI and analysts are expecting a decline to 44.2 from 46.0 in this month's reading. With that scenario, GBP could be hurt and we can see Cable re-testing July's lows. Our technical view for GBP/USD at H4 chart is still sideways ahead of that macro data mentioned above. A triangle pattern can be seen below the 200 SMA, but still, we can see that the pair is trapped inside the post-Brexit range. If the Construction PMI is weaker than expected, a breakout below the support level can happen, towards the 1.2885 level on a first degree. The other scenario can be calling to a consolidation above last week's highs, in order to rally towards the 1.3428 level. More: https://new.fxbazooka.com/analytics/9866

AUD/USD: outlook for August 1-7 8/1/2016 AUD/USD managed to recover the previous week’s losses. Aussie was driven higher mainly by the general weakness of the US dollar. The most important upcoming event for Australian dollar is the meeting of the Reserve bank of Australia on Tuesday. Australian consumer prices rose by 0.4% in Q2 after declining by 0.2% in the first 3 months of the year. Higher inflation makes rate cut less likely. Still, the figures didn’t completely alter the expectations of RBA’s rate cut. The futures market still sees a 68% chance that the RBA cuts rate from 1.75% to 1.50%. As Australian central bank is not interested in high value of its national currency, it may after all cut the cash rate. Resistance is at 0.7600 (psychological level) and 0.7670 (100-week MA). Support is at 0.7550, 0.7500 and 0.7430. Lower commodity prices act as limitation for AUD bulls: oil remains under pressure and copper reversed down. Official China’s manufacturing PMI showed the nation’s factory activity fell in July. Pay attention to China’s services PMI on Wednesday. Australia will also release building approvals and trade balance on Tuesday, retail sales on Thursday and the RB monetary policy statement on Friday. More: https://new.fxbazooka.com/analytics/9865