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US NFP: forecasts of the major banks 7/8/2016 Barclays: NFP will rise by 175K, the unemployment rate will remain unchanged at 4.7%. Average hourly earnings will gain 0.2% m/m (as expected). TD: NFP will rise by 175K, the unemployment rate will rise from 4.7% to 4.8%, because of the increase in the labor force. Average hourly earnings will gain 0.2% m/m (as expected). Goldman: NFP will rise by 210K, the unemployment rate will rise from 4.7% to 4.8%. Bank of America Merrill Lynch: NFP will rise by 180K. In case of the weak NFP, sell CAD/JPY and NZD/JPY as the market’s risk sentiment will significantly worsen. In case of good NFP, buy USD/CAD and USD/CHF. The best strategy into the release is to sell Canadian dollar. More: https://new.fxbazooka.com/analytics/9524

GBP/USD: "flag" calling bears to break the last low 7/8/2016 There’s a “Flag”, which points to a possible achievement of the nearest support at 1.2853 in the short term. So, it seems like we’re going to have a new low very soon. The price is likely going to falling down until any reversal pattern arrives. However, if we finally get a reversal pattern, we should keep an eye on the nearest resistance at 1.3015 – 1.3116. We’ve got a local flat in a form of a “Flag”. The price is trying to break its lower side, so bears are likely going to achieve the nearest support at 1.2795 during the day. Considering a possible pullback from this level, an upward correction becomes possible afterwards. More: https://new.fxbazooka.com/analytics/9523

EUR/USD: "Double Bottom" led to the bullish correction 7/8/2016 The price has been moving in a flat’s range right under the lower side of the previously broken “Flag” pattern. So, the market is likely going to decline towards a support at 1.1021 in the short term. However, if a pullback from this level happens afterwards, there’ll be an opportunity to see an upward movement in the direction of a support at 1.1145 – 1.1168. As we can see on the one-hour chart, there’s a flat in progress, which could turn out into a “Flag” pattern. Therefore, it’s likely that bears are going to taste the next support at 1.1032 during the day. At the same time, if we see a pullback from here, bulls will have a reason to reach a resistance at 1.1130 – 1.1145 later on. More: https://new.fxbazooka.com/analytics/9522

GBP/USD is in the hands of bears 7/8/2016 On the daily GBP/USD chart there's a sustainable downtrend: ADX>25 and rising, +DMA>-DMI, EMA9<EMA26. Rising MACD points at correction or consolidation. This situation may be used for opening short positions on the break of support or on the pullback to the upside. On H1 GBP/USD consolidated (ADX<25) in the 1.2868-1.3040 range. Successful test of support or the recoil from the upper border of the chanel should be used for opening short positions. In the first case ADX has tp move to 25 and better even cross this mark. Recommendation: SELL 1,2868 SL 1,2918 TP 1,2768, SELL 1,3040 SL 1,3090 TP 1,2840. More: https://new.fxbazooka.com/analytics/9521

AUD/USD came to important levels 7/8/2016 On the daily AUD/USD chart the bulls and the bears are fighting for the initiative. So far, neither group managed to gain advantage. This can be seen from the fact that ADX is below 25 during the last 4 weeks. In the situation like trade on the break of the trading channel. On H1 AUD/USD is consolidating during the last 24 hours (ADX<25) in the 0.747-0.7535 region. Break below the support will be a signal to open a short position, successful test of resistance will be a signal to open a long position. As confirmation use the return of Stochastics to the 20-80 trading channel. Recommendations: SELL 0,7470 SL 0,7520, TP 0,7370; BUY 0,7535 SL 0,7485 TP 0,7635. More: https://new.fxbazooka.com/analytics/9520

USD/JPY & US NFP June release: Will we see it below the 100.00 level? 7/8/2016 Today at 12:30 GMT will be released the US NFP reading for June, after the strong decline that had during the May release, where it added only 38,000 jobs. However, for this time, analysts expect a decent recovery towards the 175K number and if the current reading is better than expected, it should be given clearer signs about current situation of overall US economy. Bear in mind that yesterday's ADP jobs data showed a positive number, with 172,000 jobs added, which was above the consensus of 159,000. The technical picture of USD/JPY at H4 chart ahead the US NFP is still very bearish. A resistance can be found around the 103.24, where the pair can do a breakout to test the bearish trend line projected from the 111.34 high level, of course if the reading for non-farm payrolls is higher than expected. However, if reading is worst than last release or below the 100K mark, it can test the “Brexit” low of 98.97 level. More: https://new.fxbazooka.com/analytics/9519

EUR/USD: bears ready going even deeper, but after a while 7/7/2016 The price has reached a support at 1.1032, which led to the current consolidation under the nearest resistance at 1.1097. Therefore, the market is likely going to achieve the next resistance at 1.1130 – 1.1168 in the short term. However, if a pullback from this area happens afterwards, bears will probably try to go on and catch a support at 1.1021 – 1.0970. As we can see on the one-hour chart, the price has stopped near the lower side of the current “Support Zone” at 1.1032, which led to form a “Double Bottom” pattern. So, we’ve got a local flat under the 55 Moving Average. It’s likely that bulls are going to get a resistance somewhere between the levels 1.1130 – 1.1145 during the day. Considering a possible pullback from this area, the next stage of the massive bearish rally will be on the table very soon. More: https://new.fxbazooka.com/analytics/9512

GBP/USD: "Pennant" urge bears to move on 7/7/2016 The pair has achieved a support at 1.2863, which led to form a “V-Bottom” pattern, so we’ve got a consolidation in progress. Under this circumstances, the market is likely going to rise towards the nearest resistance at 1.3116 – 1.3226. If a pullback from this area arrives afterwards, bears will probably try to get a support at 1.2862, which can bring a new low. We’ve got a “V-Bottom”, so the price reached a resistance at 1.3015. Therefore, the market is likely going to reach the next resistance at 1.3116 – 1.3204 in the short term. However, bears are still in the game, so it’s possible to see the price near the important support at 1.2863 – 1.2795, which is near the main downward trend. More: https://new.fxbazooka.com/analytics/9513

EUR/USD: bears ready going even deeper, but after a while 7/7/2016 The price has reached a support at 1.1032, which led to the current consolidation under the nearest resistance at 1.1097. Therefore, the market is likely going to achieve the next resistance at 1.1130 – 1.1168 in the short term. However, if a pullback from this area happens afterwards, bears will probably try to go on and catch a support at 1.1021 – 1.0970. As we can see on the one-hour chart, the price has stopped near the lower side of the current “Support Zone” at 1.1032, which led to form a “Double Bottom” pattern. So, we’ve got a local flat under the 55 Moving Average. It’s likely that bulls are going to get a resistance somewhere between the levels 1.1130 – 1.1145 during the day. Considering a possible pullback from this area, the next stage of the massive bearish rally will be on the table very soon. More: https://new.fxbazooka.com/analytics/9512

AUD/USD: keeping above the cloud 7/7/2016 The Bulls made a great running yesterday on the AUD/USD market. There has been a breakdown of Tenkan-Sen and Kijun-Sen resistance. The exchange rate of the currency pair rose over 120 pips and returned to the levels of the weeks beginnig - 0.7530. On the four-hour timeframe preserved a tense situation: all the Ichimoku lines are directed horizontally. Bullish Ichimoku cloud have a narrow range. Tenkan and Kijun formed a dead cross. It’s possible re-returning of the price to the cloud. Technical levels: support – 0.7475, 0.7500; resistance – 0.7540. Trade recommendations: 1. Buy — 0.7500; SL — 0.7480; TP1 — 0.7540; TP2 — 0.7590. More: https://new.fxbazooka.com/analytics/9511

USD/JPY: the Bears have not abandoned their goals 7/7/2016 The currency pair USD/JPY corrected to the four-hours Tenkan-sen yesterday after updating a local minimum for the last two weeks to 100.20. At this the bulls forces has ended and the pair continued to falling. The market maintained its bearish trend. Negative cloud and dead cross will support the sales of the currency pair. Technical levels: support – 100.80, 100.20, 99.60; resistance – 101.20. Trade recommendations: 1. Sell — 101.00; SL — 101.20; TP1 — 100.20; TP2 — 99.60. More: https://new.fxbazooka.com/analytics/9510

EUR/USD: the Bears do not hurry 7/7/2016 Against yesterday’s correctional rising of Eurodollar the market kept its bearish mood. The pair returned to the lines of Tenkan-Sen and Kijun-Sen, but they formed a dead cross. In addition the cloud expanding now in the descending direction. Therefore the breakdown of support 1.1070 will have a negative effects to market sentiment. Technical levels: support - 1.1070; resistance - 1.1100. Trade recommendations: 1. Sell — 1.1090; SL — 1.1110; TP1 — 1.1000; TP2 — 1.0950. More: https://new.fxbazooka.com/analytics/9509

XAG/USD: silver is consolidating 7/7/2016 Positioning of the indicators on the daily XAG/USD chart shows that it is under control of the bulls: ADX>25 and rising, +DMI>-DMI, EMA9>EMA26. Dynamics of MACD shows that there's no divergence,which could have signaled potential reversal of the uptrend. In the situation like this the best strategy is to buy silver. On H1 XAG/USD is consolidating after having formed 1-2-3. It means that "Spike and ledge". Usually it's used to sell on the break of support at $19.61 or to buy on the break of resistance at $20.71 an ounce. Recommendation: BUY $20,71, SL $19,71 TP22,71. More: https://new.fxbazooka.com/analytics/9508

EUR/GBP: евро даст фунту фору 7/7/2016 There's an uptrend on the daily EUR/GBP chart. ADX>25 and rising, +DMI>-DMI, EMA9>EMA26. Decline of MACD points at correction. The main recommendation in the current situation is to buy the euro versus the British pound on the break of resistamce. EUR/GBP formed 1-2-3 pattern on H1. Resistance is close to point 3 at 0.8607. The break above this level will be a singal to enter long position. As confirmation use the return of Stochastics to 20-80 channel. Recommendation: BUY 0,8607, SL 0,8507, TP1 0,8807. More: https://new.fxbazooka.com/analytics/9507

EUR/USD after FOMC Minutes: Targeting to levels below 1.10? 7/7/206 Yesterday, FOMC minutes didn't offer major headlines of interest for market traders, as it reflected what everyone knew in some degree: a “wait-and-see” mode from officials after the Brexit referendum's outcome and there are no key comments about current situation of US economy. However, what could bring us more info about it, will be the US NFP this friday, but before that, let's see how the EUR/USD will trade. In a technical overview at H4 chart, EUR/USD found strong resistance from the 50% Fibonacci retracement level projected from the “Brexit” decline. Currently, it's being supported by the 1.1031, after ECB President Mario Draghi's commentaries. A breakout below will give a fresh bearish momentum to test the 1.0909, which is the low after Brexit. In a bullish scenario, in case that the Greenback gets week this friday after NFP release, pair can look for a consolidation above the 200 SMA. More: https://new.fxbazooka.com/analytics/9506

USD/JPY: angry bears going to deliver new low 7/6/2016 The price has been declining since a “Doji” formed on the Moving Average line. If the nearest support line brings any bullish candle pattern, there’ll be an opportunity to see an upward correction. As we can see on the Daily chart, here’s an “Engulfing” at the local high, which has been confirmed enough. Bears are likely going to move on, because we haven’t got any reversal pattern so far. There’re a “Doji” and a “Harami” at the last maximum. The last candles are bearish, so the pair is probably going to deliver a new low during the day. More: https://new.fxbazooka.com/analytics/9503

EUR/USD: "Engulfing" led to a massive decline and bears ready to move on 7/5/2016 There’re a “Shooting Star” and an “Engulfing” at the local high. Also, we’ve got a “Hammer”, but it hasn’t been confirmed yet. So, the market is likely going to test the lower side of the nearest huge “Window”, which can act as a resistance. As we can see on the Daily chart, here’s a pattern similar to an “Engulfing”. The last candles are bearish, so the current downward movement is probably going to move on. We’ve got an “Inverted Hammer” at the nearest support line, which led to the current upward correction. At the same time, here’s a “Doji” at the local maximum, so the price is likely going to test the support once again. If a pullback from this line happens later on, bulls will probably try to reach the upper side of the “Window”. More: https://new.fxbazooka.com/analytics/9502

GBP/USD: new lows is coming soon because of the broken "Pennant" 7/6/2016 Bears have broken the last “Pennant”, so the price reached a support at 1.2795 afterwards, which led to the local upward correction. Therefore, the market is likely going to achieve a resistance at 1.3015 -1.3116 in the short term. If a pullback from here happens later on, there’ll be an opportunity to have a decline in the direction of a support at 1.2795. The price has broken the “Triangle”, so bears reached a support at 1.2795 afterwards. Also, we’ve got a “V-Bottom”, so the market is likely going to rise towards a resistance at 1.3015 – 1.3116. Considering a possible pullback from this area, a downward movement will probably be move on shortly. More: https://new.fxbazooka.com/analytics/9501

GOLD has almost reached the key level 1375.00 7/6/2016 After fixing higher than 2/8 (1312.50) price has almost reached its main goal at the level 4/8 (1375.00). Nevertheless, the last rebound from STH4, as well as the growing STD1 talk about the possible continuation of growth. The breakdown the level 4/8 at least a third of width of the levels will lead to test mark at the level 5/8 (1403.00). Having one level 4/8 it is not enough to make at least the price correction. Trade recommendation: Buy – 1386.00; sl – 1374.00; tp – 1401.00. More: https://new.fxbazooka.com/analytics/9500

EUR/USD: unstoppable bears broken the "Triangle" 7/6/2016 The last consolidation under the 34 Moving Average has been finally ended by the current bearish leap forward. The price faced a support at 1.1032 afterwards, so the market is likely going to reach a resistance area between the levels 1.1057 – 1.1097 in the short term. If we see a pullback from here afterwards, bears will probably try to achieve a support at 1.0970 – 1.0939. As we can see on the one-hour chart, the “Triangle’s” lower side has been broken, which led to form a “V-Bottom” afterwards. Therefore, the pair is likely going to get a resistance on the Moving Average lines. However, bears are still in the game, so we should keep in mind a support at 1.0970 – 1.0939 as a possible next intraday target. More: https://new.fxbazooka.com/analytics/9499

AUD/USD: correction to the cloud 7/6/2016 Touching the resistance 0.7540, the currency pair AUD/ USD started correction to the Tenkan and Kijun. But the lines could not support the short-term bearish market and it is fell to the Ichimoku cloud. Tenkan-Sen and Kijun-sen are cancelled the golden cross effect threatens to change the short-term trend. At the same time the cloud has kept a bullish mood. We expect in the near future the consolidation in the range of 0.7410-0.7470. Technical levels: support – 0.7410; resistance – 0.7470. Trade recommendations: 1. Sell — 0.7460; SL — 0.7480; TP1 — 0.7410; TP2 — 0.7380. More: https://new.fxbazooka.com/analytics/9498

USD/JPY: the bears are coming 7/6/2016 As we expected, rebound from the bottom of the four-hour Ichimoku’s cloud has led to a resumption of the downtrend on USD/JPY market. During the past days the currency pair has updated 2-week lows dropping to 100.60. It’s a strong supporting area. There is a bearish picture on the four-hour timeframe: a dead cross and negative cloud are tuned up for the sales. At the same time the market is very oversold right now. There may be correctional movements. Technical levels: support – 100.60, 99.60; resistance – 102.40. Trade recommendations: 1. Sell — 101.40; SL — 101.60; TP1 — 100.60; TP2 — 99.60. More: https://new.fxbazooka.com/analytics/9497

EUR/USD: the downtrend has resumed 7/6/2016 During yesterday's trading the Eurodollar unsuccessfully tested again the 1.1170 resistance. The frustrated bulls had left the market resulting in strong short sales of the currency pair. During the day the major Forex currency pair had lost more than one figure and went to the negative zone on the H4- timeframe. Tenkan-Sen and Kijun-Sen narrowed the channel and the gold cross will be canceled so soon. Therefore in the near future we expect the continuation of the downtrend. Technical levels: support - 1.1040; resistance - 1.1070/80, 1.1100. Trade recommendations: 1. Sell — 1.1070; SL — 1.1090; TP1 — 1.1000; TP2 — 1.0950. More: https://new.fxbazooka.com/analytics/9496

GBP/USD: don't try to catch falling knives 7/6/2016 British pound keeps declining versus the US dollar. GBP/USD has reached our previous targets. The main question now is: where is the bottom? Harmonic patterns will show us an answer. On H1 long-term model AB=CD, painted in red, with target at 127.2% points at 1.25. Here we also have the target of the medium-term AB=CD pattern and projection 3-4. It's formed based on projection 1-2, which links the upper and the lower borders of the long-term uptrend channel. As a result, GBP/USD hasn't reached the bottom yen and may continue falling to 1.25. More: https://new.fxbazooka.com/analytics/9495

EUR/USD: bears started to attack 7/6/2016 The downtrend is resuming on the daily EUR/USD chart. This may be seen from the position of the moving averages (EMA9 and EMA26) and the fact that –DMI is above +DMI. MACD begins declining - a reason to look for sell signals. On H1 EUR/USD is moving down within 5-0 pattern. The pair has finished the final wave. Return to 23.6%, 38.2%, 50% and 61.8% should be used for entering short positions. For confirmation one may use the advance of Stochastics above 80 with the following return to the borders of 20-80 channel. Recommendations: SELL 1,1093, SL 1,1154 TP 1,0893; SELL 1,1111, SL 1,1154 TP1,0911. More: https://new.fxbazooka.com/analytics/9494