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EUR/USD: the Bears are cautious 7/21/2016 During yesterday's session the major pair of Forex updated the three-week lows. The prices dropped out to 1.0980, but the Bears are cautious, because there is a strong support on the 1.1000 figure. The current downward trend is still valid: the Ichimoku cloud extends downward and there is a dead cross. At the end of the correction we expect the downtrends continuation. Technical levels: support - 1.1000; resistance – 1.1050. Trade recommendations: 1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950. More: https://new.fxbazooka.com/analytics/9702

AUD/USD looks for a growth driver 7/21/2016 AUD/USD tested the lower border of the short-term uptrend on the daily chart with the further recoil to the upside. If the bears find strength for another attack, and succeed, the pair may fall to convergence areas of 0.7405 and 0.7302-0.7342. The lower border of the medium-term bullish channel is nearby. On H1 AUD/USD breached above the upper border of the current bullish channel and activated the "Shark" pattern. Its 161.8% target is at 0.7565. A bit higher is the lower border of the bullish channel. The failure at the convergence area will trigger selling. More: https://new.fxbazooka.com/analytics/9701

EUR/USD: bears made a stop 7/21/2016 On the daily chart EUR/USD failed to break below support at 1.1 and formed "doji" as a result. As the high of this bar was retested, the bulls seized the initiative for a time being. The level of 1.1072 is acting as resistance. Here's 23,8% Fibo of the latest descending wave. On H1 EUR/USD reached 161,8% target of AB=CD and resistance at 1.1038 I mentioned in the previous article. If the sellers manage to return the price to the short-term bearish channel, the risks of the downtrend resumption will increase. As long as EUR/USD is below 1,1127 (lower border of the uptrend channel, 78,6% Fibo of the latest descending wave, the market will remain bearish. More: https://new.fxbazooka.com/analytics/9700

EUR/USD before ECB's meeting: No major changes on current policy? 7/21/2016 Today at 11:45 GMT we'll know the interest rate decision from the European Central Bank, which currently holds the numbers at zero. Analysts don't expect any major changes in the current economic policy's stance from the central bank, as we have been seeing the current post-Brexit developments in terms of economy. BoE didn't change their interest rates and most probably the ECB won't do it. One of the topic to be on discussion probably will be the situation on Italian banks. The technical picture for EUR/USD at H1 chart is still bearish and showing a consolidation below the 200 SMA. Currently, the pair is being supported by the 1.0987 level, where a breakout should open the doors to test the 1.0942 price zone. A dovish stance from ECB could send the pair towards the psychological level of 1.0900 approximately. In the another scenario, EUR/USD should break the 1.1041 level and that could push the pair towards the highs from July 15th. More: https://new.fxbazooka.com/analytics/9699

USD/TRY rising inside minor impulse wave 3 7/20/2016 USD/TRY rising inside minor impulse wave 3 Next buy targets - 3.0600 and 3.1000 USD/TRY has been rising in the last two weeks inside the minor impulse wave 3 of the intermediate impulse wave (3) from May. The active impulse wave (3) started when the pair reversed up from the support zone lying between the support level 2.800 (which also previously reversed the earlier primary ABC correction ④ from September of 2015), lower weekly Bollinger Band and the 38.2% Fibonacci retracement of the previous sharp upward impulse from the start of 2015. USD/TRY is likely to rise further to the next buy target at the resistance level 3.0600, the breakout of which can lead to further gains toward the next strong resistance level 3.1000. More: https://new.fxbazooka.com/analytics/9698

NZD/USD falling inside minor correction (ii)[/b\ 7/20/2016 NZD/USD falling inside minor correction (ii) Next sell target – 0.6980 NZD/USD recently reversed down sharply from the resistance zone lying between the resistance level 0.7300 (top of wave (iii) and the previous buy target set in our earlier forecast for this currency pair), upper daily Bollinger Band and the resistance trendline of the wide daily up channel from January. The downward reversal from this resistance zone started the active minor correction (ii). NZD/USD is likely to fall further to the next sell target at the strong support level 0.6980 (which reversed the price twice in June) - intersecting with the 50% Fibonacci correction of the previous sharp upward impulse from May. [imghttps://new.fxbazooka.com/img/articles/9697/NZDUSD_-_Primary_Analysis_-_Jul-20_1456_PM_(1_day).png[/img] More: https://new.fxbazooka.com/analytics/9697

USD/JPY: bulls going to climb ever higher 7/20/2016 The price has been rising since a “Hammer” formed at the last low. Also, the pair faced a support on the 144 Moving Average, which led to form a “Harami” pattern. Therefore, bulls are likely going to move on towards the nearest “Window”. As we can see on the Daily chart, there’s the unconfirmed bearish “Harami”, so today’s candle will probably be a white one. The main upward trend is still on the table, which was supported by the 13 & 34 Moving Averages. Moreover, the last bullish “Harami” has been confirmed, so the price is likely going to continue rising until any bearish pattern arrives. More: https://new.fxbazooka.com/analytics/9696

EUR/USD: "Hammer" & "Harami" highlight possibility of bullish correction 7/20/2016 The middle of the last huge black candle acted as a resistance, so we’ve got an “Engulfing” pattern, which led to the current decline. However, the price formed a pullback from the closest support line, which makes possible an achievement of the nearest “Window”. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed. Therefore, we don’t have any reversal pattern so far. To sum up, there’s possibility to see a local upward correction, but bears are still in the game, so new lows are very likely. There’re a “Hammer” and a “Harami” at the local low. So, the market is likely going to a local upward correction in the direction of the nearest resistance level and the 34 Moving Averages line. More: https://new.fxbazooka.com/analytics/9695

Large banks: sell NZD/USD 7/20/2016 Barclays: Sell Limit at 0.7182, Take Profit 0.7005, Stop Loss 0.7271 Credit Suisse: Sell Limit at 0.7140, Take Profit 0.7005, Stop Loss 0.7195 Analysts at Citigroup claim that NZD/USD may fall by 3%. The fall may be triggered by the release of the Reserve Bank of New Zealand’s economic assessment late on Thursday. Analysts at Credit Agricole, however, point out that the market has already priced in the RBNZ’s dovish comments, so the central bank needs to promise an August rate hike to maintain bearish trend in NZD/USD. More: https://new.fxbazooka.com/analytics/9693

GBP/USD: "Triple Top" led to decline 7/20/2016 The price has been falling down. However, bears faced a support at 1.3116, so the market is likely going to reach a resistance at 1.3226 – 1.3336. If a pullback from this area arrives afterwards, there’ll be an opportunity to see another downward movement in the direction of the next support area at 1.3015 – 1.2849. The last consolidation along the Moving Averages was finally ended by the strong bearish rally. Nevertheless, the price found a support at 1.3104, which led to the current local flat. So, the pair is likely going to get a resistance at 1.3273 – 1.3313. If we see a pullback from this area, bears will probably try to achieve a support at 1.3015 – 1.2970. More: URL=https://new.fxbazooka.com/analytics/9688]https://new.fxbazooka.com/analytics/9688[/url]

EUR/USD: "Double Bottom" points to a possible correction 7/20/2016 The last “Triangle” has been broken. However, bears found a support at 1.1001 afterwards, so currently we’ve got a local upward correction. Therefore, the market is likely going to reach the closest resistance at 1.1057 – 1.1083 in the short term. If a pullback from this area arrives later on, sellers will probably try to achieve the next support at 1.0970. As we can see on the one-hour chart, the price has been moving in an intraday flat’s range since a support at 1.1001 was reached. Also, there’s a possible “Double Bottom” pattern, so bulls are likely going to try to get a resistance near the local downtrend. Perhaps, a pullback from here arrives afterwards. If so, bears will deliver a new low shortly. More: https://new.fxbazooka.com/analytics/9683

USD/JPY: the spring continues to shrink 7/20/2016 The currency pair USD/JPY continues to stay above the Tenkan-Sen line. The Bulls could not continue the uptrend despite its efforts. As we said earlier, there is a strong resistance in the area of 106.30/40. Therefore, if today this level will not be passed, we will expect a correction to the Ichimoku cloud. Technical levels: support – 105.10; resistance – 106.00, 106.40. Trade recommendations: 1. Sell — 106.00; SL — 106.20; TP1 — 105.10; TP2 — 104.10. More: https://new.fxbazooka.com/analytics/9681

GBP/USD: the Pound is under a cloud 7/20/2016 The Pound was unable to overcome the resistance of Tenkan-Sen and Kijun-Sen during yesterday's session. Bounced from 1.3270 the market has continued decreasing and reached the levels of the Ichimoku clouds lower border. Today's trading is in the negative zone and the Bulls have a less and less chances for the correction to 1.4000. In the near future the bearish sentiment on the market will remain. Under the influence of the dead cross and the Ichimoku cloud the prices could fall to 1.2930. Technical levels: support – 1.2930; resistance – 1.3130/50. Trade recommendations: 1. Sell — 1.3150; SL — 1.3170; TP1 — 1.2930; TP2 — 1.2860. More: https://new.fxbazooka.com/analytics/9680

EUR/USD: the Euro resumed its downtrend 7/20/2016 During yesterday's session the Eurodollar finally bounced from the bottom of the Ichimoku cloud and resumed the downtrend. By the end of the day the currency pair rates fell to lows of two weeks, to the figure of 1.1000. Ichimoku indicator’s mood is now completely bearish. At the same time there is a local overbought market now. It is possible returning of the prices to the Tenkan-sen. Technical levels: support - 1.1000; resistance – 1.1050. Trade recommendations: 1. Sell — 1.1050; SL — 1.1070; TP1 — 1.1000; TP2 — 1.0950. More: https://new.fxbazooka.com/analytics/9679

GBP/USD: the bears restore the trend 7/20/2016 On the daily GBP/USD chart the bears restore the downtrend. The pair moves towards the target of AB=CD at 127.2% (1.261). Our recommendation to sell British pound from 1.3167 was successful. The short position was opened. Move the Stop Loss to a breakeven point. On H1 the target is at 1.291. Here's the target of the "Shark" pattern. The nearest resistance is at 1.3145. Recommendation: hold short positions. GBP More: https://new.fxbazooka.com/analytics/9678

EUR/USD: euro was caught by the bears 7/20/2016 On the daily EUR/USD chart the pair came to the lower border of the 1.1-1.1175 consolidation range. Successful test of support will lead the pair further down to the target of в AB=CD pattern at 161.8% (1.0890). Our earlier signal to sell from 1.1079 was successful. The short position was opened. We recommend to place the stop order to the breakeven point. On H1 EUR/USD the AB=CD pattern is active. Its 224% target is at 1,.955. The nearest support is at 1.1038. Recommendation: hold short positions. EUR More: https://new.fxbazooka.com/analytics/9677

USD/CAD & Oil Prices: 1.3100 on the road? 7/20/2016 The decline in oil's prices is still weighing on CAD, at least during this week, as we can see a bullish consolidation on the USD/CAD pair above the 200 SMA at H1 chart. During yesterday, WTI crude oil futures settled down 1.30%, quoting at $44.65 per barrel. In addition, Crude Oil Inventories came weaker-than-expected, with -2300K, against 2207K registered last week. That's because of current risk-off sentiment on markets. Current outlook on the Loonie at H1 chart is calling for more upside, as the pair is looking to break the strong resistance around the 1.3046 level. If that happens, then we can see a rally towards the July 12th high, around the 1.3130 price zone. However, we should take in mind that USD/CAD is following a bullish trend line projected from July 15th low. If the pair achieves in break it, then we can see a decline to the 1.2900 on a mid-term basis. More: https://new.fxbazooka.com/analytics/9676

EUR/USD is holding ground 7/19/2016 The main currency pair keeps consolidating in the 1.1-1.1175 area. The bulls and the bears are currently fighting around the important level of 1.1072. It corresponds to 23.6% Fibo of the last descending wave. On H1 EUR/USD reached 78.6% of the "Shark" pattern's target and then started correcting to 50% of the last bearish wave according to the 5-0 pattern. Close to 1.1095 there's an upper border of the short-term bullish trend, as well as the target at 161,8% according to AB=CD. This means the area of convergence. The inability of the bulls to break above this area will be a signal to open short positions. More: https://new.fxbazooka.com/analytics/9655

Key options levels: July 18-24 7/19/2016 EUR/USD · • Closest resistance levels: 1.1162; 1.1217/45; 1.1282; 1.1322 · • Closest support levels: 1.1003; 1.0976/45; 1.0871; 1.0829 · • Bullish risks range: 1.1162-1.1505 · • Bearish risks range: 1.1030-1.0829 EUR/USD keeps being under control by buyers. In mid-term perspective, the currency pair is still tending to be in decline (main goal of the bears is to reach 1.0871). Attaining 1.1003 level paves the way for levels 1.0976 and 1.0871. The fallback presupposes hitting 1.1162 and getting higher, which is the alarm for buying the pair with targets at 1.1217 and 1.1282. GBP/USD · • Closest resistance levels: 1.3307; 1.3359; 1.3403/54; 1.3514 · • Closest support levels: 1.3034; 1.2981; 1.2921; 1.2888 · • Bullish risks range: 1.3307-1.3514 · • Bearish risks range: 1.3034-1.2854 GBP/USD can continue the correction upwards, though a change risks are highly expected this week. The mid-term related scenario can be described as moderately-negative. The spike to 1.3307 paves the way for 1.3359 and 1.3403. The fallback is downwards movement to 1.3034. which is the alarm for selling with targets at 1.2981 and 1.2921. USD/JPY o • Closest resistance levels: 105.71; 106.15/51; 106.99; 107.93 o • Closest support levels: 103.61; 102.98; 102.25; 101.47 o • Bullish risks range: 105.71-107.93 o • Bearish risks range: 103.61-100.67 USD/JPY holds staying positive. The mid-term trend keeps shifting upwards. The range for buyers looks strong enough to absorb decline attempts. The spike to 105.71 paves the way for 106.15 and 106.99. The buyers should press the trigger when it reaches 103.61, targets are 102.98 and 102.25 USD/CAD o • Closest resistance levels: 1.3033; 1.3079; 1.3134; 1.3200 o • Closest support levels: 1.2852; 1.2812; 1.2763; 1.2706 o • Bullish risks range: 1.3033-1.3350 o • Bearish risks range: 1.2852-1.2706 USD/CAD has got prepared for the growth. Bulls hold dominance in mid-terms. Rise higher 1.3033 sets the scene for new wave towards 1.3079 and 1.3134. Short positions are worthy to place if price consolidates lower 1.2852; targets are 1.2812 and 1.2763. More: https://new.fxbazooka.com/analytics/9675

EUR/AUD rising inside minor impulse wave 3 7/19/2016 EUR/AUD rising inside minor impulse wave 3 Next buy targets - 1.4900 and 1.5000 EUR/AUD continues to rise inside the minor impulse wave 3, which started earlier - when the pair reversed up for the support zone lying between the major long-term support level 1.4490 (which reversed the previous waves ©, A and (2), as can be seen from the daily EUR/AUD chart below) and the lower daily Bollinger Band. EUR/AUD is expected to rise further in the active impulse waves 3, (3) and ③ toward the next buy target at the resistance level 1.4900 – the breakout of which can lead to further gains toward the next round resistance level 1.5000. More: https://new.fxbazooka.com/analytics/9674

EUR/GBP rising inside the minor B-wave 7/19/2016 EUR/GBP rising inside the minor B-wave Next buy target – 0.8500 EUR/GBP continues to rise inside the minor B-wave of the intermediate ABC correction (4) from the start of this month. The active B-wave started earlier last week – when the price corrected up from the support zone lying between the support level 0.8300 and the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (3) from the end of June. EUR/GBP is expected to rise further in the active B-wave toward the next buy target at the resistance level 0.8500 (forecast price calculated for the termination of wave . Buy stop-loss can be placed below the aforementioned support level 0.8300. More: https://new.fxbazooka.com/analytics/9673

USD/JPY: "Window" has been waiting for bulls 7/19/2016 Bulls are very strong, so we don’t have any reversal patterns so far. Also, the price has got a support on the 144 Moving Average, so the market is likely going to reach the nearest “Window” in the short term. As we can see on the Daily chart, the last “Harami” pattern hasn’t been confirmed, which makes possible an achievement of the 34 Moving Average. The price found a support on the 13 Moving Average. Moreover, there’s a confirmed “Hammer”, so the pair is likely going to test the last high shortly. If we see a pullback from here, there’ll be a chance to see a local correction towards the Moving Averages. More: https://new.fxbazooka.com/analytics/9672

EUR/USD: bears is about to deliver a new low 7/19/2016 The main trend is a still bearish. Also, the middle of the last huge black candle has acted as a resistance. However, the last “Engulfing” pattern hasn’t been confirmed, so the market is likely going to test the nearest resistance once again. If we see a pullback from this line, bears will probably try to deliver a new low. As we can see on the Daily chart, there’s a bullish “Harami”, but it hasn’t been confirmed yet. Anyway, bears are likely going to reach the closest support line soon. The price has been moving up and down in a range of the “Window”. Moreover, there’s a strong support by the 55 Moving Average, but the last candles are so variable. Under this circumstances, the pair is likely going to get a resistance on the 89 Moving Average, which could reverse the price movement in the direction of the last low. More: https://new.fxbazooka.com/analytics/9671

USD/JPY: the Bulls stumbled on 106.00. 7/19/2016 The currency pair USD/JPY kept above the line Tenkan-sen during yesterday’s session and the bulls tried to continue the uptrend. However, in the area of 106.30/40, as we noted earlier, there is a strong resistance that does not pass its higher. Given the local overbought of the market we expect a correction to the Ichimoku cloud. Technical levels: support – 105.10; resistance – 106.00, 106.40. Trade recommendations: 1. Sell — 106.00; SL — 106.20; TP1 — 105.10; TP2 — 104.10. More: https://new.fxbazooka.com/analytics/9661

AUD/USD: the Aussie fell into a cloud 7/19/2016 The Australian dollar yesterday stood firm over a four-hour Ichimoku cloud. But the Bulls did not want to continue the uptrend – there is a resistance of the Kijun-Sen and Tenkan-sen lines. Today’s morning the Aussie unexpectedly passed their position, falling into the cloudy zone. And now the trades are conducted in the area of 75th figure. Obviously, we will see testing the lower boundary of the cloud so soon. Technical levels: support – 0.7490, 0.7470; resistance – 0.7560. Trade recommendations: 1. Buy — 0.7490; SL — 0.7470; TP1 — 0.7560; TP2 — 0.7600. More: https://new.fxbazooka.com/analytics/9660