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Forex Analytics EUR/USD: "Harami" led to a local correction 16 May 2016 There's a “Harami” on the 144 Moving Agerage, so an upward correction becomes possible. If the price gets a support on the 89 Moving Agerage, there’ll be an opportunity to see a decline towards the nearest “Window”. As we can see on the Daily chart, the pair reached the 21 Moving Agerage, but we haven’t got any reversal patterns so far. Under this circumstances, today’s candle is likely going to be black. We’ve got a “Hammer” and a “Doji” near the last “Window”, which both have been confirmed enough. So, the price is likely going to test the “Window” once again. If a pullback appears afterwards, bulls will likely try to move on. More: https://fxbazooka.com/en/analitycs/show/8970

Forex Analytics GBP/USD: bears escaped from the "Triangle" 16 May 2016 The last flat along the Moving Averages was finally ended up. The price got a support at 1.4343 afterwards, so there's time for a local correction. If the pair faces a resistance at 1.4425, bears are likely going to taste a support at 1.4298 – 1.4227. The previously formed “Triangle” was finally broken, which brought bears into the market. There’s an opportunity to see a local correction because of a pullback from the nearest support. Nevertheless, the price is likely going to decline afterwards, so we should keep an eye on the next support at 1.4298 as a possible sellers goal. More: https://fxbazooka.com/en/analitycs/show/8969

Forex Analytics EUR/USD: "V-Bottom" points to a correction 16 May 2016 There’s a “V-Top” pattern, which led to the current decline. The price faced a support at 1.1271, so we’ve got a local correction in progress. The market is likely going to reach a resistance at 1.1366 . If a pullback from this line happens, there’ll be a chance for bears to deliver a new low. As we can see on the one-hour chart, the last flat was finally ended by the bearish rally. Considering a pullback from a support at 1.1271, bulls are likely going to achieve a resistance at 1.1339 – 1.1357. However, bears will probably try to move on afterwards. More: https://fxbazooka.com/en/analitycs/show/8968

Forex Analytics EUR/USD: "Hammer" frightened bears away 13 May 2016 The price has tested the nearest resistance twice, so the pair achieved the 89 Moving Average afterwards. It's likely that the market is going to reach the 144 Moving Average, which could bring any bullish pattern. As we can see on the Daily chart, there's a bearish “Harami”, so today’s candle is likely going to be black. The price found a lodgement under the last “Window”. Also, we’ve got a “Hammer” at the local low, which points to a possible upwards correction. At the same time, bears still have enough power to continue their rally afterwards. More: https://fxbazooka.com/en/analitycs/show/8954

Forex Analytics AUD/USD reached sell target 0.7330 13 May 2016 By: Dmitriy Chernovolov -AUD/USD reached sell target 0.7330 -Next sell target - 0.7200 AUD/USD has been falling in the last few trading sessions inside the ©-wave of the minor ABC correction 2 from the end of April. The price earlier broke the daily up channel from January, support level 0.7500 and the support zone lying at the intersection of the support level 0.7330 (previous sell target set for this currency pair) and the 50% Fibonacci correction of the previous sharp minor impulse wave 1 from January. AUD/USD is likely to fall further in the accelerated ©-wave toward the next sell target at the support level 0.7200 (coinciding with the 61.8% Fibonacci correction of the aforementioned impulse wave 1). More: https://fxbazooka.com/en/analitycs/show/8953

Forex Analytics EUR/USD reached sell target 1.1400 13 May 2016 By: Dmitriy Chernovolov -EUR/USD reached sell target 1.1400 -Next sell target - 1.1300 EUR/USD has been falling in the last few trading sessions inside the intermediate impulse wave (3) – which started earlier – when the pair reversed down with the daily Falling Star from the pivotal resistance level 1.1600. This Falling Star formed well outside of the upper daily Bollinger Band – which multiplied the strength of this bearish signal. The price earlier broke through the support level 1.1400 (previous sell target set for this currency pair). EUR/USD is expected to fall further toward the next sell target at the support level 1.1300, standing close to the 38.2% Fibonacci correction level of the previous sharp upward impulse from the start of March. More: https://fxbazooka.com/en/analitycs/show/8952

Forex Analytics GBP/USD: the flat takes the form of a "Triangle" 13 May 2016 The price has been moving in a flat since a “Triple Bottom” was formed at the last low. There’s a possible “Triangle” in progress, so the market is likely going to break its lower side in the short term. Therefore, we should keep an eye on a support at 1.4343 – 1.4305 as the next possible bearish target. We’ve got a flat in progress on the one-hour chart. The market is likely going to test the nearest resistance at 1.4460 – 1.4487 during the day. If we see a pullback from this area, a downward movement becomes possible, so the “Triangle’s” lower side will probably be broken soon. More: https://fxbazooka.com/en/analitycs/show/8951

Forex Analytics EUR/USD: bears are going to spurt in attack 13 May 2016 The price faced a resistance at 1.1453, which brought a “V-Top” pattern at the local high. The local uptrend line has been broken afterwards, so the market is likely going to reach a support at 1.1327 in the short term. At the same time, there’s an opportunity to see an upward correction during the day. As we can see on the one-hour chart, the pair has achieved a local support at 1.1369. Therefore, it's likely that the price is going to test the local downtrend line once again soon. If we see a pullback from this line, bears will probably try to deliver a new low subsequently. More: https://fxbazooka.com/en/analitycs/show/8950

Forex Analytics EUR/JPY reversed from support zone 12 May 2016 By: Dmitriy Chernovolov -EUR/JPY reversed from support zone -Next buytarget - 126.00 EUR/JPY continues to rise inside the minor corrective wave 2, which started previously – when the pair reversed up from the support zone lying between the pivotal support level 122.00 (previous sell target set in our earlier forecast for this currency pair) and the lower daily Bollinger Band. The aforementioned support level 122.00 previously stopped the three progressively smaller-degree impulse waves - ①, (1) and 1, as can be seen from the daily EUR/JPY chart below. EUR/JPY is likely to rise further in the active minor correction 2 toward the next buy target at the resistance level 126.00 (which reversed the earlier intermediate ABC correction (2)). More: https://fxbazooka.com/en/analitycs/show/8939

Forex Analytics EUR/USD: bears are balancing on the "Window" 12 May 2016 There’re a “Hammer”, an “Engulfing” and an “Inverted Hammer”, which all have been confirmed enough. Also, we’ve got a “Harami” at the local high, so the pair is likely going to test the nearest support. If we see a pullback from this level, bulls will probably try to come back to the market. As we can see on the Daily chart, here’s an “Inverted Hammer”, which has been confirmed by the last “Belt Hold” pattern. So, it’s likely to see a local correction during the day and an upward movement afterwards. We’ve got a “High Wave” above the nearest “Window”, but its confirmation is in progress. Therefore, the price is likely going to reach a resistance by the previously formed “Three Methods” pattern in the short term. More: https://fxbazooka.com/en/analitycs/show/8938

Forex Analytics GBP/USD: flat locked in the range of a "Wedge" 12 May 2016 The pair has been moving in a flat between the Moving Average lines. There's a possible “Wedge” pattern, so finally the market is likely going to break its lower side. Therefore, we should keep an eye on the nearest support at 1.4343 as the next bearish target. As we can see on the one-hour chart, there’s also a “Wedge”. The group of Moving Averages are acting as a resistance, so it’s likely that the price is going to continue falling down towards the nearest trendline. More: https://fxbazooka.com/en/analitycs/show/8937

Forex Analytics EUR/USD: the trendline is too tough for bears 12 May 2016 The price faced a support at the bullish trendline, which led to form a “V-Top” pattern. The market is likely going to test the trendline and the Moving Averages ones again. If we see a pullback from these levels, there'll be an open door for an upward movement. There's a local “Triple Bottom” pattern, which brought bulls into the market. The price found an intraday resistance at 1.1437, so we’ve got a correction in progress. Anyway, the pair is likely going to reach a resistance at 1.1453 – 1.1464 afterwards, but only if we see a pullback from the nearest trendline. More: https://fxbazooka.com/en/analitycs/show/8936

Forex Analytics USD/JPY: bears are banging on the "Window" 11 May 2016 There's a pullback from the 89 Moving Average, which led to the current decline. The price has reached the nearest “Window”, but we haven’t got any bullish patterns so far. Therefore, the market is likely going to get a support on the 21 Moving Average. If we see a pullback from this line, there'll be an opportunity to have a new high in the short term. As we can see on the Daily chart, there's a possible “Harami”, so the current correction is likely going to be continued. The pair has came back to the “Window” again. Previously, a “Harami” has been formed at the last high. The 34 Moving Average can act as a support, so a local correction becomes possible during the day. If we see a pullback from the middle of the last huge black candle, bears will have a chance to deliver a new low. More: https://fxbazooka.com/en/analitycs/show/8928

Forex Analytics EUR/USD: "High Waves" formed one after another 11 May 2016 The price is moving in a flat between the Moving Averages. There're a “Hammer”, an “Engulfing” and an “Inverted Hammer”, but their confirmation isn’t enough. Therefore, the pair is likely going to test the nearest support and start rising afterwards. As we can see on the Daily chart, there’re a “Doji” and a couple of “Hammers”, so today’s candle is likely going to be white. The last “Window” and the 34 Moving Average are acting as a resistance. The market is likely going to test the local low once again. If we see a pullback from there, bulls will probably try to break the Moving Averages. More: https://fxbazooka.com/en/analitycs/show/8926

Forex Analytics CHF/JPY reversed from resistance zone 11 May 2016 By: Dmitriy Chernovolov -CHF/JPY reversed from resistance zone -Next sell target - 110.00 CHF/JPY recently reversed down from the resistance zone lying between the resistance level 112.30 (former strong support level which reversed earlier waves 3, ( and (i), as can be seen from the daily CHF/JPY chart below) and the 50% Fibonacci correction of the previous sharp minor impulse wave (iii) from the end of April. The downward reversal from this resistance zone stopped the previous (iv)-wave of the active minor impulse wave 5. CHF/JPY is likely to fall further to the next sell target at the support level 110.00 (low of the previous minor impulse wave (iii)). Sell stop-loss can be placed above the aforementioned resistance level 112.30. More: https://fxbazooka.com/en/analitycs/show/8923

Forex Analytics USD/CAD reversed from resistance zone 11 May 2016 By: Dmitriy Chernovolov -USD/CAD reversed from resistance zone -Next sell target - 1.2800 USD/CAD recently reversed down from the resistance zone lying at the intersection of the pivotal resistance level 1.3000 (former strong support level which stopped the earlier impulse waves (iii) and i, as can be seen from the daily USD/CAD chart below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave from February. The downward reversal from this resistance zone stopped the active intermediate impulse wave (3). USD/CAD is likely to fall further to the next sell target at the nearby support level 1.2800. Sell stop-loss can be placed above the aforementioned resistance level 1.3000. More: https://fxbazooka.com/en/analitycs/show/8922

Forex Analytics GBP/USD: flat in the range of a "Pennant" pattern 11 May 2016 There's a flat in progress between a resistance by the 55 Moving Average and a support at 1.4374. Considering a “Wedge” and a “V-Top”, the market is likely going to falling down towards the upper side of the nearest support zone at 1.4343 – 1.4305. If a pullback from this area happens, there’ll be an opportunity to see an upward correction. We’ve got a possible “Pennant” pattern, so the pair is likely going to test its upper side. In case of a pullback from there, bears will probably try to deliver a new low afterwards. So, we should put an attention to the nearest trendline as the next probable bearish goal. More: https://fxbazooka.com/en/analitycs/show/8921

Forex Analytics EUR/USD: trendline under the bearish pressure 11 May 2016 Bears have been stopped by the current uptrend line, so we’ve got a flat in progress. The market is likely going to break the trendline in the short term. Therefore, we should keep an eye on the nearest support at 1.1327 as the next bearish target. If we see a pullback from this line, there’ll be a chance to have an upward correction. The pair has been moving in a downward flat under the Moving Averages. It's likely that the price is going to get a resistance at 1.1413 during the day. If so, bears will probably try to move on and reach a support at 1.1369 – 1.1339 afterwards. More: https://fxbazooka.com/en/analitycs/show/8920

Forex Analytics NZD/USD: the return to the area of 0.6836 is expected. 10 May 2016 Leonid Varfolomeev The pair eventually broke the level 4/8(0.6836) from the third time. The price has being returned to this level too often recently, however, in spite of the trend change, the growth to the area of ​​merger of STD1 with level 4/8 (0.6836) is the most likely. But given the attempt of price fixation below the level of 3/8 (0.6775), as well as declining STH4, the bearish target at level 2/8 (0.6714) is likely to be achieved. After that, we should expect a return to 4/8. Trade Recommendation: Buy – 0.6715; sl – 0.6650; tp – 0.6830. More: https://fxbazooka.com/en/analitycs/show/8911

Forex Analytics GOLD: planes of Bulls were not changed 10 May 2016 Leonid Varfolomeev The insignificant breakdown of the level 5/8 (1265.63) is unlikely to be regarded as a signal to a further reduction. After all, the trend has not changed, moreover, STD1 not changed the colour. Nevertheless, the scenario with the test mark at 4/8 (1250.00) is possible, for which a price should go below 1257.50. On this basis, sales are now inappropriate, and the main variant of the development of situation is the increase to the area of ​​level 6/8 (1281.25). Trade Recommendation: Buy – 1264.00; sl – 1257.50; tp – 1280.00. More: https://fxbazooka.com/en/analitycs/show/8910

Forex Analytics USD/JPY: the new bullish attack is not far off 10 May 2016 The nearest “Window” has been broken, so bulls are free to move on, because there’s a “Mat Hold” pattern. As we can see on the Daily chart, there isn’t any reversal pattern so far. Therefore, the market is likely going to test the 21 Moving Average soon. The price has found a lodgement above the broken “Window”. Moreover, there’s a “Three Methods” pattern, so the market is likely going to test the next resistance. If we see any bearish pattern on this line, there’ll be an opportunity for the second achievement of the “Window”. More: https://fxbazooka.com/en/analitycs/show/8907

Forex Analytics EUR/USD: "Engulfing" killed the bearish enthusiasm 10 May 2016 There's a strong support by the 55 Moving Average, but the last bearish “Hammer” and “Engulfing” haven’t been confirmed yet. So, there’s an open door for an achievement the 89 Moving Average in the short term. As we can see on the Daily chart, there're an unconfirmed “Doji” and an “Inverted Hammer”, so the market is likely going to test the nearest support line. The strong support by the last “Window” has done a good job, so we’ve got a “Hammer” and an “Engulfing”, which both have been confirmed enough. Also, there’s a “High Wave” on the 21 Moving Average. Therefore, the price is likely going to reach the “Window” once again. More: https://fxbazooka.com/en/analitycs/show/8906

Forex Analytics NZD/USD reached sell target 0.6850 10 May 2016 By: Dmitriy Chernovolov -NZD/USD reached sell target 0.6850 -Next sell target - 0.6650 NZD/USD has been falling in the last few trading sessions inside the minor impulse wave 3, which belongs to the intermediate impulse wave © from the middle of April. The price earlier broke through the support level 0.6850, which was set as the sell target in our previous forecast for this currency pair. The breakout of the support level 0.6850 coincided with the breakout of the support trendline of the daily up channel from January. NZD/USD is expected to fall further toward the next sell target at the support level 0.6650 (target price calculated for the completion of the active minor impulse wave 3). Strong resistance now stands at 0.6850. More: https://fxbazooka.com/en/analitycs/show/8905

Forex Analytics USD/JPY reached sell target 106.00 10 May 2016 By: Dmitriy Chernovolov -USD/JPY reached sell target 106.00 -Next buytarget - 110.00 USD/JPY continues to rise following the earlier upward reversal from the support level 106.00, which was set in our previous forecast as the sell target for this currency pair. The support zone near the support level 106.00 was strengthened by the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier minor impulse wave (iii) – which belongs to impulse wave 5 from the start of March. USD/JPY is likely to rise further toward the next buy target at the resistance level 110.00 (intersecting with the resistance trendline of the daily down channel from the start of February). More: https://fxbazooka.com/en/analitycs/show/8904

Forex Analytics United Overseas Bank: targets for FX majors 10 May 2016 EUR/USD: Neutral: Downside has potential to extend lower to 1.1300 GBP/USD: Neutral: Daily fix below 1.4400 could lead to more declines to 1.4300 AUD/USD: Bearish: Expect slow move lower, below 0.7300 targets 0.7240 USD/JPY: Switch from neutral to bullish: Recovery to extend higher to 109.70 More: https://fxbazooka.com/en/analitycs/show/8902