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Forex Analytics AUD/NZD: sell target – 1.0000 3 April 2015 • AUD/NZD reached sell target 1.0300 • Next sell target – 1.0000 AUD/NZD continues to fall after recently breaking down below the support level 1.0300, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level intensified the bearish pressure on this currency pair – accelerating the currently active minor impulse wave (iii) which belongs to the 3rd minor impulse 3 from the end of January (as you can see from the daily AUD/NZD chart below). The pair is currently approaching the support level 1.0100. With the daily Momentum indicator moving close to the yearly lows, AUD/NZD can be expected to fall further toward the next sell target at the parity – provided that the pair closes this week below the support level 1.0100. More: http://fxbazooka.com/en/analitycs/show/4444

Forex Analytics NZD/JPY: buy targets - 91.00 and 92.00 3 April 2015 -NZD/JPY reversed from support zone -Next buy targets - 91.00 and 92.00 NZD/JPY recently corrected down sharply – after the price reached the buy target 91.00, which was set in our previous forecast for this currency pair. The subsequent downward correction from 91.00 recently stopped at the support zone located between the support level 89.00 and the 38.2% Fibonacci Correction of the previous sharp upward impulse from the start of February. The upward reversal from this support zone created the powerful Japanese candlesticks reversal pattern – Bullish Engulfing (highlighted on the daily NZD/JPY chart below). Having just completed the minor correction (ii) - NZD/JPY can be expected to rise further inside the next minor impulse (iii) toward the next buy targets 91.00 and 92.00. More: http://fxbazooka.com/en/analitycs/show/4446

Forex Analytics NFP: what do big banks expect? 3 April 2015 The US Bureau of Labor Statistics will release Non-Farm Payrolls (NFP) figures at 12:30 GMT. According to the consensus forecast, American economy added 246K jobs in March after 295K in February. Here is the more detailed account of what the major banks think: - Societe Generale +272K - Bank of America/Merrill Lynch +270K - Credit Agricole +260K - UBS +260K - BNP +260K - Barclays +250K - BMO +250K - JP Morgan +250K - Credit Suisse +240K - RBS +238K - RBC +225K - TD Securities +221K - Goldman Sachs +220K - CIBC +200K - Morgan Stanley +195K Societe Generale is the most optimistic one, while Morgan Stanley – the most pessimistic. More: http://fxbazooka.com/en/analitycs/show/4442

MARKET NEWS Key option levels 3 April 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0650 (EUR 635m), 1.0680 (EUR 408m), 1.0800 (EUR 262m), 1.0850 (EUR 402m), 1.0950 (EUR 401m), 1.1075 (EUR 3.4bln); USD/JPY: 119.65 (USD 2bln), 120.00 (USD 1.3bln), 120.20 (USD 700m), 120.50 (USD 501m), 122.00 (USD 675m), 122.25 (USD 550m); USD/CAD: 1.2350 (USD 556m); AUD/USD: 0.7685 (AUD 372m). More: http://fxbazooka.com/en/news/show/2548

Forex Analytics Forex trading plan for April 3 By Elizaveta Belugina The markets are awaiting the long Easter weekend and the release of the US NFP on Friday. Taking into account uncertainty and low liquidity trading will be even more volatile than it usually is on NFP Fridays. Before the release (12:30 GMT) US dollar is expected to consolidate. On Wednesday American ADP employment report disappointed dollar bulls, but on Thursday the US released good unemployment claims data (lower than expected) and trade balance figures. All in all, the recent US data releases give some reasons to worry about the US economy. A reading above 200K and gain in average hourly earnings should be enough for the market to expect a rate hike in June-September. EUR/USD has found support above 1.0700 this week and returned above 1.0850 on the back of some more positive data from the euro area. Support is at 1.0800, 1.0750 and 1.0700. GBP/USD was affected by weak UK construction PMI which fell from 60.1 to 57.8. Resistance at 1.4900 still holds. Next resistance is at 1.4950. Taking into account Britain’s political uncertainty, even in case weaker NFP pound’s recovery will be limited by 1.5000. On the downside potential target will be at 1.4630. USD/JPY was rejected from above 120.00 in the first half of the week and spent Thursday below this mark. This makes the pair vulnerable to test support is 119.28, 118.85 and 118.30. Resistance is at 120.30, 120.50 and 120.80. AUD/USD is weak. Resistance at 0.7660 has become stronger with the spike to this level on Wednesday followed by a decline to the 0.7530 area. Australian trade deficit widened and 17 out of the 27 economists surveyed by Bloomberg expect the RBA to cut the benchmark rate on Tuesday. More: http://fxbazooka.com/en/analitycs/show/4437

Forex Analytics Danske Bank: trade signals for Apr. 2 Open positions:* EUR/USD: Hold SHORT at 1.0850, TAKE PROFIT 1.0613, STOP LOSS 1.0901 (revised) USD/JPY: Hold SHORT at 120.08, TAKE PROFIT 118.30, STOP LOSS 120.41 EUR/JPY: Hold SHORT at 129.25, TAKE PROFIT 127.19, STOP LOSS 130.26 USD/CHF: Hold LONG at 0.9585, TAKE PROFIT 0.9906, STOP LOSS 0.9604 (revised) EUR/CHF: Hold SHORT at 1.0510, TAKE PROFIT 1.0318, STOP LOSS 1.0492 (revised) GBP/JPY: Hold SHORT at 177.20, TAKE PROFIT 174.70, STOP LOSS 178.50 NZD/USD: Hold SHORT at 0.7480, TAKE PROFIT 0.7276, STOP LOSS 0.7550 Trade ideas: AUD/USD: SELL at 0.7740, TAKE PROFIT 0.7451, STOP LOSS 0.7810 GBP/USD: Possibly SELL USD/CAD: Possibly BUY EUR/CAD: Possibly SELL EUR/GBP: Possibly SELL __________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4414

Forex Analytics Forex trading plan for Apr. 2 The US dollar slowed its ascent on Wednesday following the release of the lower-than-expected employment indicator by ADP. The report showed the US private sector created only 189K new jobs in March. Markets are now concerned that the official NFP on Friday will also reflect the labor market slack (forecast: down from +295K to 247K). ISM Manufacturing PMI also surprised to the downside. You should also watch the US trade balance and weekly unemployment claims on Thursday to get more signals about the US economy. US dollar is expected to stay out of demand at least till the end of the week. The other currency pairs are seen tracking the USD sentiment these days. EUR/USD recovered from 1.0720 on Wednesday, but the 1.0800 area is a strong resistance for now. Next resistance lies at 1.1000/50, while support - at 1.0600. The ECB will release its monetary policy minutes tomorrow. GBP/USD remains under pressure below the 1.4800 mark. We remain bearish below 1.5000. Next bearish targets are 1.4740 and 1.4630. Watch the UK Construction PMI on Thursday. AUD/USD slowed the decline on Wednesday, finding daily support around 0.7580. China’s manufacturing PMI surprised to the upside on Wednesday. Australia itself is scheduled to release its trade balance on Thursday - trade gap is expected to have widened in February. USD/JPY pulled down from the 120.40 area on the overall USD weakness. Buyers’ indecisiveness reopens the way towards the 118 yen support. More: http://fxbazooka.com/en/analitycs/show/4409

Forex Analytics Danske Bank: trade signals for Apr. 1 Open positions:* EUR/USD: Hold SHORT at 1.0850, TAKE PROFIT 1.0613, STOP LOSS 1.0901 (revised) USD/JPY: Hold SHORT at 120.08, TAKE PROFIT 118.30, STOP LOSS 120.70 GBP/USD: Hold LONG at 1.4835, TAKE PROFIT 1.5155, STOP LOSS 1.4750 USD/CHF: Hold LONG at 0.9585, TAKE PROFIT 0.9906, STOP LOSS 0.9604 (revised) EUR/CHF: Hold SHORT at 1.0510, TAKE PROFIT 1.0318, STOP LOSS 1.0582 (revised) GBP/JPY: Hold SHORT at 179.00 TAKE PROFIT 175.50, STOP LOSS 178.45 NZD/USD: Hold SHORT at 0.7480 TAKE PROFIT 0.7276, STOP LOSS 0.7550 Trade ideas: EUR/JPY: SELL at 129.50, TAKE PROFIT 127.19, STOP LOSS 130.45 AUD/USD: SELL at 0.7696, TAKE PROFIT 0.7526, STOP LOSS 0.7781 USD/CAD: BUY at 1.2670, TAKE PROFIT 1.2835, STOP LOSS 1.2590 (revised) EUR/GBP: Possibly SELL EUR/CAD: Possibly SELL ______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4399

Forex Analytics EUR/CHF: sell targets - 1.0400 and 1.0200 1 April 2015 • EUR/CHF falls inside intermediate ABC correction • Next sell targets - 1.0400 and 1.0200 EUR/CHF has been falling in the last few weeks – inside the C-wave of the intermediate ABC correction (, which started in February – when the pair reversed down from the combined resistance zone lying between the following resistance levels: daily upper Bollinger Band, the 50% Fibonacci Correction of the previous sharp intermediate downward impulse wave (5) from the middle of January and the resistance level 1.0800. The currently active C-wave recently broke the support level 1.0600 (which stopped the previous A-wave). EUR/CHF is likely to continue to fall toward the next sell targets – 1.0400 and 1.0200. Sell stop-loss can be placed above the recently broken former support level 1.0600. More: http://fxbazooka.com/en/analitycs/show/4397

Forex Analytics AUD/JPY: sell targets - 90.00 and 87.50 1 April 2015 - AUD/JPY falls inside monthly impulse ③ - Next sell targets - 90.00 and 87.50 AUD/JPY continues to fall after the recent sharp downward reversal from the major multi-year resistance level 103.00 (which also previously reversed the pair in June of 2008 and in April of 2013, as you can see from the monthly AUD/JPY chart below). The resistance zone near 103.00 was further strengthened by the upper monthly Bollinger Band. The downward reversal from the aforementioned resistance level 103.00 created the weekly Japanese candlesticks reversal pattern – bearish Engulfing – thereby completing the previous monthly ABC correction ② from the middle of 2013. AUD/JPY is likely to fall further in the active monthly downward impulse wave ③ toward the next sell targets 90.00 and 87.50. More: http://fxbazooka.com/en/analitycs/show/4395

MARKET NEWS Key option levels 1 April 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0750 (EUR 323m), 1.0800 (EUR 2.1bln); GBP/USD: 1.4900 (GBP 226m); USD/JPY: 119.50/55 (USD 617m); USD/CHF: 0.9600 (EUR 350m); USD/CAD: 1.2680 (USD 256m), 1.2700 (USD 220m), 1.2800 (200m), 1.2900 (USD 300m); AUD/USD: 0.7640/50 (AUD 1bln), 0.7600/05 (AUD 360m); NZD/USD: 0.7530/35 (NZD 900m); EUR/GBP: 0.7200 (255m), 0.7270 (EUR 706m); AUD/JPY: 91.00 (AUD 410m). More: http://fxbazooka.com/en/news/show/2529

Forex Analytics Forex trading plan for April 1 By Elizaveta Belugina EUR/USD slid below the Ichimoku Cloud and the 100-period MA on H4. The pair has found some support above 1.0700, but a decline to 1.0690 and 1.0600 looks very likely. The close below 1.0755 (50% Fibo retracement of the March correction up) will be a negative signal. Further resistance is at 1.0800 and 1.0845 with the key level at 1.0950. On Tuesday there were some positive data from the euro area, especially Germany. However, we stick to the approach of selling the euro on its attempts to recover. On Wednesday Greek and other euro zone officials from the Euro Working Group are supposed to meet to discuss the proposed reforms. As it seems that the parties are still far from the compromise, there may be some negative impact on the euro. Later in the day the US will release ADP employment report (12:15 GMT) & ISM manufacturing PMI (14:00 GMT). EUR/JPY also looks weak. GBP/USD was under negative pressure, but found some support at 1.4750 as the UK Q4 GDP was revised a bit to the upside. Pound rose versus euro, and that helped. But EUR/GBP found some support at 0.7240. There are some indications that the pair is trying to base, but the pound looks shaky, the bulls lack strength, and we can’t rule out the decline to 1.4700. A rather strong downtrend resistance is at 1.4900. The dynamics in the coming sessions will be data-dependant. Britain will release manufacturing PMI (08:30 GMT). Also note that British pound remain under pressure ahead of the UK parliamentary election on May 7 and amid the polls showing that no party will be able to form the government on its own. USD/JPY had an active rebound on Monday, but found resistance in the 120.00/50 area. Japan will release Tankan manufacturing & services indexes early on Wednesday, and the expectations are quite positive. The pair may spend time in the 120.50/119.00 range. Support is at 119.55. The next resistance is at 120.80 and 121.20. On Wednesday the Asian session will be rich with economic data. Don’t miss Australian building permits (00:30 GMT) & China’s manufacturing PMI (01:00 GMT). AUD/USD slid to 0.7590. Australian currency continues to look quite weak targeting 0.7500 and lower. Resistance has moved from 0.7760 to 0.7700. Traders continue to expect the RBA to cut the interest rate soon, and this clearly undermines Aussie. More: http://fxbazooka.com/en/analitycs/show/4388

Forex Analytics Danske Bank: trade signals for Mar. 31 Open positions:* USD/JPY: Hold LONG at 119.35, TAKE PROFIT 120.62, STOP LOSS 119.81 (revised) GBP/USD: Hold LONG at 1.4835, TAKE PROFIT 1.5155, STOP LOSS 1.4750 USD/CHF: Hold LONG at 0.9585, TAKE PROFIT 0.9812, STOP LOSS 0.9515 (revised) USD/CAD: Hold LONG at 1.2480, TAKE PROFIT 1.2724, STOP LOSS 1.2580 (revised) EUR/USD: Hold SHORT at 1.0850, TAKE PROFIT 1.0613, STOP LOSS 1.0951 EUR/CHF: Hold SHORT at 1.0510, TAKE PROFIT 1.0355, STOP LOSS 1.0582 GBP/JPY: Hold SHORT at 179.00, TAKE PROFIT 175.50, STOP LOSS 178.45 EUR/GBP: Hold LONG at 0.7305, TAKE PROFIT 0.7459, STOP LOSS 0.7255 Trade ideas: EUR/JPY: SELL at 130.30, TAKE PROFIT 127.19, STOP LOSS 131.55 AUD/USD: SELL at 0.7696, TAKE PROFIT 0.7526, STOP LOSS 0.7781 EUR/CAD: BUY at 1.3710, TAKE PROFIT 1.4090, STOP LOSS 1.3660 NZD/USD: SELL at 0.7540, TAKE PROFIT 0.7373, STOP LOSS 0.7615 ______________________________________________________________ *Danske Bank apllies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4363

MARKET NEWS Key option levels 31 March 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0700 (EUR 323m) 1.0800 (EUR 495m) 1.1000 (EUR 504m); USD/JPY: 118.00 (USD 1bln) 120.00 (USD 745m) 120.50 (USD 330m); USD/CHF: 0.9540 (USD 620m) 0.9600 (USD 764m) 0.9800 (USD 624m); USD/CAD: 1.2400 (USD 250m); NZD/USD: 0.7550 (NZD 1.36bln); EUR/CHF: 1.0500 (EUR 307m); EUR/GBP: 0.7275/80 (EUR 785m); EUR/JPY: 128.50 (EUR 400m). More: http://fxbazooka.com/en/news/show/2522

Forex Analytics Forex trading plan for Mar. 31 By Kira Iukhtenko The US dollar is gaining ground at the beginning of the week, inspired by Yellen’s speech on Friday. The major event of the week – NFP – comes on Friday. In the coming days we’ll see a bunch of other important figures: Chicago PMI and consumer confidence data on Tuesday and manufacturing PMI and ADP NFP on Wednesday. All the forecasts are upbeat. EUR/USD dipped below 1.0900 despite upbeat euro zone’s figures. Markets await news from Greece to come this week – the country is running out of cash again. European creditors have to approve the new funding tranche. Tomorrow watch euro zone’s preliminary CPI for March and the unemployment data. Break below 1.0800 would open the way down to 1.0600. Quick progress in a Greek deal could open the way to the 1.1000 resistance, but growth in EUR/USD is unlikely to be resilient. GBP/USD pulled below 1.4800. Daily close below would be a strong selling signal. Next support - 1.4770 and 1.4700. We remain bearish below 1.5000. Tomorrow watch the current account data and the final Q4 GDP. USD/JPY pushed higher, testing the 120 yen mark. The 55-day MA acted as a support (119.10). Recovery above 120.40 would be a good buying signal. Commodity currencies also remain under pressure. AUD/USD extended the decline from 0.7940, hitting 0.7650 on Monday. Fix below 0.7640 would pave the ground to 0.7550 (recent lows). More: http://fxbazooka.com/en/analitycs/show/4357

Forex Analytics Large banks: positioning on EUR crosses 30 March 2015 EUR/USD Morgan Stanley holds SHORT from 1.0920, TAKE PROFIT 1.0500, STOP LOSS 1.1060 (entered on March 27) Danske Bank holds SHORT from 1.0934, TAKE PROFIT 1.0613, STOP LOSS 1.0951 (entered on March 27) BNP Paribas holds SHORT from 1.0990, TAKE PROFIT 1.0400, STOP LOSS 1.1165 (entered on March 25) Credit Suisse holds a SELL LIMIT order from 1.1098, TAKE PROFIT 1.1050, STOP LOSS 1.1255 (entered on March 24) EUR/GBP Credit Suisse holds SHORT from 0.7350, TAKE PROFIT 0.7015, STOP LOSS 0.7440 (entered on March 24) EUR/JPY Credit Suisse holds SHORT from 130.85, TAKE PROFIT 126.95, STOP LOSS 131.88 (entered on March 23) EUR/CHF Danske Bank holds LONG from 1.0469, TAKE PROFIT 1.100, STOP LOSS 1.0250 (entered on March 27) Societe Generale holds SHORT from 1.0580, TAKE PROFIT 0.9500, STOP LOSS 1.1100 (entered on Feb. 6) More: http://fxbazooka.com/en/analitycs/show/4334

Forex Analytics Danske Bank: trade signals for Mar. 30 Open positions:* EUR/USD: Hold SHORT at 1.0934, TAKE PROFIT 1.0613, STOP LOSS 1.0951 USD/JPY: Hold LONG at 119.35, TAKE PROFIT 120.30, STOP LOSS 118.88 GBP/USD: Hold LONG at 1.4835, TAKE PROFIT 1.5155, STOP LOSS 1.4750 USD/CHF: Hold LONG at 0.9585, TAKE PROFIT 0.9812, STOP LOSS 0.9487 USD/CAD: Hold LONG at 1.2480, TAKE PROFIT 1.2724, STOP LOSS 1.2465 EUR/GBP: Hold LONG at 0.7305, TAKE PROFIT 0.7459, STOP LOSS 0.7255 GBP/JPY: Hold SHORT at 179.00, TAKE PROFIT 175.50, STOP LOSS 178.45 Trade signals: EUR/JPY: SELL at 130.67, TAKE PROFIT 128.37, STOP LOSS 131.70 NZD/USD: Possibly SELL EUR/CAD: Possibly BUY AUD/USD: Possibly BUY More: http://fxbazooka.com/en/analitycs/show/4336

MARKET NEWS Key option levels 30 March 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0700 (1.7bn), 1.0710, 1.0750, 1.0800, 1.0850, 1.0885, 1.09001 1.0950 (529m), 1.1000 (622m); USD/JPY: 117.80, 118.00, 118.70 (850m), 119.00 AUD/USD: 0.7650, 0.7685, 0.7700, 0.7780, 0.7800 EUR/JPY: 128.50 (790m), 131.00 (698m) USD/CAD: 1.2440, 1.2450, 1.2480 (540m), 1.2540, 1.2550, 1.2570, 1.2600, 1.2740, 1.2760 AUD/JPY: 91.49, 93.50 More: http://fxbazooka.com/en/news/show/2514

Forex Analytics USD/JPY: forecast for March 30 – April 5 By Elizaveta Belugina During the past week yen was in demand as a safe haven currency. Although next week tensions may produce less reaction of the market, global growth concerns can make traders keep buying Japanese currency. In addition, don’t forget the repatriation flows of Japanese companies’ income back to the yen with will support this currency in the first half of the week. At the same time, data released in Japan showed that without the effect of a sales-tax increase last April Japanese core inflation – the Bank of Japan’s key measure – was zero. Although Japanese central bank has stressed it will look through the effect of slumping oil prices, the soft data will keep it under pressure to expand stimulus to achieve the 2% inflation target. Still, though unexpected the inflation release isn’t regarded as a sign that the Bank of Japan will add monetary stimulus at the coming meetings and this may be another reason to expect that USD/JPY will lack bullish momentum. The bias of the pair next week will also depend on the attitude to the US dollar and American economic statistics. In Japan there will be some data releases, but of medium importance. USD/JPY spiked down as low as to 118.30. The pair managed to get some support from the 100-day MA at 118.78. However, there are many bearish developments at the chart. It looks like the recovery, if it happens, will be limited by 120.00/50. Below 118.33 support will be in the 117.30/00 area. More: http://fxbazooka.com/en/analitycs/show/4316

Forex Analytics EUR/USD: expect consolidation 27 March 2015 By Elizaveta Belugina During the past week EUR/USD tested levels above 1.1000, but failed to hold there. This confirms our assumption that bears are ready to sell the single currency on its attempts to recover as they believe that the euro will be declining in the medium term. Data released in the euro area in the recent days were better than expected. Still, the region offers investors lower yields than the US and this is a serious reason to sell the European currency. Next week don’t miss flash inflation figures for Germany and the euro area on Monday and Tuesday. On Thursday the European Central Bank will release the accounts of its March policy meeting. A quick reminder: in March the ECB has officially started buying the region’s bonds via quantitative easing program, lifted up 2015 GDP outlook, but cut inflation forecast. Traders should also be aware of the developments in Greece. The nation is now preparing a list of economic reforms that satisfies its creditors and secures desperately need bailout money transfer. Greek government hopes that the euro area’s finance ministers can meet and approve its reform program as early as next Wednesday. However, the evaluation of Greece’s suggestions by an expert group may take longer, and European ministers may assemble only the week after next. Technically EUR/USD looks poised for consolidation. Below 1.0800 the pair will likely go down for the retest of at least 1.06. A close above the 1.1050 resistance is needed to open the way to 1.1200. After the consolidation we expect the euro’s decline to resume. More: http://fxbazooka.com/en/analitycs/show/4315

Forex Analytics EUR/JPY: sell target - 126.90 27 March 2015 • EUR/JPY completed intermediate correction (2) • Next sell target - 126.90 EUR/JPY recently reversed down after the pair failed to break above the resistance area lying between the resistance level 130.40 (former strong support level which reversed the sharp primary downward impulse ① in January), the 50% Fibonacci Correction of the previous sharp intermediate impulse (1) and the resistance trendline of the daily down channel from December. The downward reversal from this resistance area completed the preceding intermediate correction (2) and started the active intimidate impulse (3). EUR/JPY is likely to fall further inside the active impulse (3) toward the next sell target at the strong support level 126.90 – which stopped the previous impulse (1). Sell stop-loss can be placed at the distance of one daily ATR (average true range) above the resistance level 130.40. More: http://fxbazooka.com/en/analitycs/show/4306

Forex Analytics EUR/USD: next sell target - 1.0600 27 March 2015 - EUR/USD reversed from resistance zone - Next sell target - 1.0600 EUR/USD recently reversed down from the resistance zone lying between the strong resistance level 1.100 (which has been reversing the price in the last few trading sessions) and the resistance level 1.1125 (former strong support level which reversed the pair at the end of January, as you can see from the daily EUR/USD chart below). This resistance area was further strengthened by the resistance trendline of the daily down channel from December and by the 61.8% Fibonacci Correction of the previous downward impulse from February. With the daily Stochastic indicator close to overbought levels, EUR/USD is likely to fall further inside the active minor corrective wave ( toward the next sell target at 1.0600. Sell stop-loss can be placed above the resistance level 1.1125. More: http://fxbazooka.com/en/analitycs/show/4304

Forex Analytics Danske Bank: trade signals for Mar. 27 Open positions:* GBP/USD: Hold LONG at 1.4835, TAKE PROFIT 1.5155, STOP LOSS 1.4750 AUD/USD: Hold LONG at 0.7810, TAKE PROFIT 0.8033, STOP LOSS 0.7745 EUR/JPY: Hold SHORT at 131.50, TAKE PROFIT 128.37, STOP LOSS 131.70 (revised) EUR/CHF: Hold SHORT at 1.0510, TAKE PROFIT 1.0355, STOP LOSS 1.0582 GBP/JPY: Hold SHORT at 179.00, TAKE PROFIT 175.50, STOP LOSS 178.45 NZD/USD: Hold LONG at 0.7595, TAKE PROFIT 0.7809, STOP LOSS 0.7540 Trade ideas: EUR/USD: SELL at 1.0934, TAKE PROFIT 1.0696, STOP LOSS 1.1025 USD/JPY: SELL at 119.76, TAKE PROFIT 118.11, STOP LOSS 120.21 USD/CHF: BUY at 0.9585, TAKE PROFIT 0.9692, STOP LOSS 0.9487 EUR/GBP: BUY at 0.7305, TAKE PROFIT 0.7459, STOP LOSS 0.7245 USD/CAD: Possibly BUY EUR/CAD: Possibly SELL _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4303

Forex Analytics Forex trading plan for March 27 US dollar was under pressure on Thursday as oil price went up. The decline in American unemployment claims helped the greenback to stabilize. On Friday the spotlight will be on the US final Q4 GDP (12:30 GMT). According to the consensus forecast, the reading will raised from the second reading of 2.2% to 2.4%. Later there will be speech of the Fed’s Chair Janet Yellen at 19:45 GMT. EUR/USD is trying to push above 1.1000. The US dollar’s weakness has provoked a covering of the massive bearish positions. 200-period MA at 1.1057 is providing resistance at H4 chart. Further obstacle for the bulls will be at 1.1100. USD/JPY is trying to hang at the 100-day MA at 118.70. The pair declined as demand for Japanese yen as a safe haven increased after the news about Saudi Arabia’s military operation against rebels in Yemen. Japan will release inflation & retail sales data during Friday’s Asian session. The Bank of Japan has adopted a wait-and-see stance, so unless we see some surprising changes, the releases won’t have big impact on the yen. GBP/USD approached the psychological 1.5000 mark on better-than-expected retail sales figures, but traders don’t think that the Bank of England will change its policy, so resistance held. In this sense, comments of the central bank’s officials on Friday, including Mark Carney, may be important. As long as 1.5000 holds, the picture will be bearish with the pair leaning on support at 1.4700. More: http://fxbazooka.com/en/analitycs/show/4299

Forex Analytics How do large banks trade USD/JPY? 26 March 2015 This is how large banks are now trading USD/JPY these days: BNP Paribas holds LONG from 120.50, TAKE PROFIT 125.00, STOP LOSS 118.50 (entered on March 19) Citi Bank holds LONG from 120.79, TAKE PROFIT 125.75, STOP LOSS 118.00 (entered on March 6) Danske Bank holds LONG from 119.20, TAKE PROFIT 127.50, STOP LOSS 114.00 (entered on December 3) JP Morgan holds LONG from 113.99, TAKE PROFIT 126.00, STOP LOSS 116.65 (entered on November 2) Morgan Stanley: SELL LIMIT from 120.00, TAKE PROFIT 115.50, STOP LOSS 121.20 (entered on March 24) More: http://fxbazooka.com/en/analitycs/show/4287