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Everything posted by riki143
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FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
OIL MARKET OVERVIEW 12:31 17.04.2017 Crude oil edged down in a subdued trading on Monday as investors are still digesting expansion of the US crude oil production. Benchmark Brent crude futures fell to $55.66 from its last-week high of $56.65. US West Texas intermediate crude futures were down to $52.95 after rising to $53.75 last week. Baker Hughes officials said on Thursday that drillers added 11 oil rigs in the week of April 13. According to the recent information of the Energy Information Administration, the US crude oil production has grown to 9.4 million barrels per day, making the US the third largest producer after Saudi Arabia and Russia. Cost-cutting technological advancements helped US firms to become more competitive in areas previously reserved solely by such large producers as BP and Exxon Mobil. Field works in Arctic lands and waters make OPEC and non-OPEC signatory parties of the output cut deal more nervous about their market shares in the futures. Despite growing opposition from numerous environmental groups and President Obama’s 2016 ban on drilling in Artic waters, exploration in Alaska managed to reveal massive volumes of oil. The following wave of Artic development might influence the oil prices in the long-term future. Political tensions in the Middle East (airstrikes in Syria), unplanned outages in Libya resulting in the shutdown of the Sharara oil field contributed to the recent uplift in oil prices. The possibility of extension of output cut deal was an additional tailwind for crude oil futures in the past two weeks. Next month, OPEC countries and their allies will gather together to decide whether to extend an agreement curbing oil production or not. It will be a difficult decision to make as the signatory parties are facing a lose-lose situation. If they fail to agree on the deal extension, the oil market will be oversupplied and oil prices tumble. If they manage to strike a deal, prices will likely hit higher levels offering the US oil producing industry a scope for further expansion. So, without the cut deal, the bull market is poised to fade away, with Libya reopening its oil field after outages, geopolitical tension easing and flourishing oil industry in the US. More: https://fbs.com/analytics/articles/oil-market-overviewapril17 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
USD/JPY: BEARS GOING TO PUSH PRICE EVEN LOWER 12:28 17.04.2017 The main trend is still bearish. Also, there’s a “Three Methods” pattern, which hasn’t been confirmed yet. Therefore, the price is likely going to get a resistance on the nearest “Window”, which could be a departure point for another decline. So, we could have a new local low soon. As you can see on the one-hour chart, there’s a local bullish “Hammer” at the last low. At the same time, if any bearish pattern arrives on the nearest resistance level in the coming hours, there’ll be an opportunity to have another decline. More: https://fbs.com/analytics/articles/usdjpy_candle_april_17 -
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riki143 replied to internationallove's topic in Technical Analysis
EUR/USD: PRICE GOING TO TEST "WINDOW" AGAIN 12:24 17.04.2017 The 34 Moving Average and the upper “Window” have acted as a resistance. However, there isn’t any bearish pattern, so the market is likely going to test the 89 & 144 Moving Averages in the short term. If a pullback from these lines happens, there’ll be an opportunity to have another decline. The last bearish “Harami” hasn’t been confirmed, but we’ve got a bullish “Three Methods” pattern. In this case, the price is likely going to test the upper “Window” once again during the day. If a pullback from this level happens, bears will probably try to find a lodgment under Moving Averages. More: https://fbs.com/analytics/articles/eurusd_candle_april_17 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
GBP/USD: POUND IS UNDER STRONG RESISTANCE 07:17 17.04.2017 Technical levels: support – 1.2530; resistance – 1.2550, 1.2590. Trade recommendations: 1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2430; TP2 — 1.2400. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under daily resistance; the local market is overbought. More: https://fbs.com/analytics/articles/gbpusd-pound-is-under-strong-resistance -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
EUR/USD: EURO SUPPORTED BY SENKOU SPAN B 07:12 17.04.2017 Technical levels: support – 1.0600; resistance – 1.0660, 1.0715. Trade recommendations: 1. Buy — 1.0620; SL — 1.0600; TP1 — 1.0660; TP2 – 1.0715. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are in a same value; the prices are supported by bottom border of the Cloud. [More: https://fbs.com/analytics/articles/eurusd-euro-supported-by-senkou-span-b -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
GBP/USD: POUND IS A BIT CRAMPED ON THE LEDGE 06:52 17.04.2017 On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues. If quotes go beyond the consolidation range 1.237-1.258 it will be a signal for the opening positions. Resistances at 1.256-1.2575 corresponds to the upper boundary of the triangle. The breakout will increase the risk of continuation of the rally towards 1.273 and 1.277. On the GBP/USD hourly chart, an expanding wedge pattern can be formed. For this to happen, bears need to return quotes to 1.236. A successful test of the support at 1.2495 can lead to the development of consolidation followed by the move of quotes to downsides. Recommendations: SELL 1,2495 SL 1,255 TP 1,236, BUY 1,2575 SL 1,252 TP 1,273. More: https://fbs.com/analytics/articles/a-bit-cramped-on-the -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
EUR/JPY: EURO'S PRECIPITOUS DOWNFALL 06:49 17.04.2017 On the EUR/JPY daily chart, quotes fell to the lowest level since November 2016. The previously set targets on short positions have been fulfilled. A successful test of 114.56 will increase the odds of fulfilling the target 88.6% in the Bat pattern. It is located near 113.3. On the EUR/JPY hourly chart, quotes are moving within the downward trading channel. The bears remain their control over the pair. In this situation, the best trading strategies would be selling on growth or opening short positions on the breakouts of supports. The nearest resistances can be found at 115.5, 115.7 and 116. More: https://fbs.com/analytics/articles/precipitous-downfall -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
EUR/USD: "DOUBLE TOP" STILL PUSHING PRICE LOWER 06:29 17.04.2017 The main trend is still bearish. The price faced a support at 1.0600, so there’s a developing upward correction. Nevertheless, the market is likely going to reach the next support at 1.0571 in the short term. If a pullback from this level happens, we should keep an eye on the nearest resistance at 1.0655 as an intraday bullish target. The price is testing the downtrend, which is likely going to be broken in the coming hours. So, the main intraday target is a support at 1.0588 – 1.0578. If we see a pullback from these levels, bulls will probably try to achieve the closest resistance at 1.0594 – 1.0655. More: https://fbs.com/analytics/articles/eurusd_technical_april_17 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
GBP/USD: MOVING AVERAGE WAITING FOR BEARS 06:34 17.04.2017 The price faced a support at 1.2506, so there’s a consolidation, which is taking place on the four-hours chart. Therefore, the pair is likely going to test the 34 Moving Average, which could be a departure point for an upward correction towards a resistance at 1.2595 – 1.2614. The 34 Moving Average has acted as a support, so the price is consolidating. In this case, bears are likely going to reach the 55 Moving Average during the day. If a pullback from this line be on the table, there’ll be an opportunity to have a new local high. The main bullish target is a resistance at 1.2573 – 1.2595. More: https://fbs.com/analytics/articles/gbpusd_technical_april_17 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
MORNING BRIEF FOR APRIL 17 06:24 17.04.2017 Sleeping Forex – the Land of Nod…The market was too sleepy to start this week with major trading centers still closed for a holiday on Monday. Markets are braced for more geopolitical tensions over North Korea, after its failure to launch a ballistic missile on Sunday. US Vice President Mike Pence fasten his eyes upon the demilitarized border between North and South Korea, reiterating that the U.S. "era of strategic patience" with Kim-Jong-un was over. The major focus of Tokyo session was Chinese economic data. China’s economy grew 6.9% in the first quarter of 2017, a shtik above consensus forecast of 6.8%, supported by a government generous infrastructure spending spree and a frenzied housing market. Overall, a raft of the data failed to produce a notable effect as investors were somewhat cognizant of an upbeat print following a recent range of positive figures from China. The yen extended its gains amid the escalation in geopolitical tensions. USD/JPY tumbled below 108.35 in the early hours of today’s session. The odds that quotes slide lower towards 108.00, 107.50 are quite high as the bearish phase is still intact. The euro edged down to 1.0620 on the session. Ahead of the first round of French presidential elections scheduled for April 23, Le Pen is slowly fading with the rest of the front-runner generally unchanged. Macron, Fillon, and Melenchon are snapping on her heels striving to chase Marin out of her place as a leader in the pre-election race. EUR/USD has moved into consolidation phase trading between 1.0555 and 1.0700 levels. Aussie spiked to 0.75990 on the strong headline in Chinese data. China’s demand for Australia’s exported industrial commodities such as iron ore was truly strong in recent months. The current rebound is to extend higher to 0.7615, 0.7630. GBP/USD rose slightly above 1.2530. The British pound has scope to extend its gain to at least 1.2615. USD/CAD slipped a few point in the Asian session thanks to weakening USD. Oil prices weren’t supportive. Brent oil futures fell to $55.40 from $55.80 on Monday on signs the expanding US oil production industry, undermining OPEC efforts to support prices and reduce oil glut. The Turkish lira jumped to 3.6800 against the greenback after President Tayyip Erdogan snatched a victory in a referendum on Sunday that was organized in order to replace Turkey’s parliamentary system with the presidency and abolish the post of prime minister. More: https://fbs.com/analytics/articles/morning-april17 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
EUR/JPY: euro's precipitous downfall 4/17/2017 On the EUR/JPY daily chart, quotes fell to the lowest level since November 2016. The previously set targets on short positions have been fulfilled. A successful test of 114.56 will increase the odds of fulfilling the target 88.6% in the Bat pattern. It is located near 113.3. On the EUR/JPY hourly chart, quotes are moving within the downward trading channel. The bears remain their control over the pair. In this situation, the best trading strategies would be selling on growth or opening short positions on the breakouts of supports. The nearest resistances can be found at 115.5, 115.7 and 116. More: https://new.fxbazooka.com/analytics/13094 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
GBP/USD: pound is a bit cramped on the ledge 4/17/2017 On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues. If quotes go beyond the consolidation range 1.237-1.258 it will be a signal for the opening positions. Resistances at 1.256-1.2575 corresponds to the upper boundary of the triangle. The breakout will increase the risk of continuation of the rally towards 1.273 and 1.277. On the GBP/USD hourly chart, an expanding wedge pattern can be formed. For this to happen, bears need to return quotes to 1.236. A successful test of the support at 1.2495 can lead to the development of consolidation followed by the move of quotes to downsides. Recommendations: SELL 1,2495 SL 1,255 TP 1,236, BUY 1,2575 SL 1,252 TP 1,273. More: https://new.fxbazooka.com/analytics/13093 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
Key option levels for Friday, April 14th 4/14/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest - 344 590 ? - 470 131 ? Closest resistance levels 1.0646; 1.0703; 1.0735; 1.0785 Closest support levels 1.0611; 1.0583; 1.0544; 1.0521 Trading recommendations Baseline scenario Short EUR/USD below 1.0611 or from 1.0646, with target points at 1.0583 and 1.0544 Alternative scenario Moving above 1.0646 can be considered as a signal to Buy the pair, with target at 1.0703 and 1.0735 USD/JPY Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 2 816 ? + 571 ? Closest resistance levels 109.41; 109.97; 110.25; 110.58 Closest support levels 108.53; 108.14; 107.87; 107.56 Trading recommendations Baseline scenario Long USD/JPY from the current price (108.85 at the time of publication) or from 108.53, with target points at 109.41 and 109.97 Alternative scenario Moving below 108.53 can be considered as a signal to Sell the pair, with target at 108.14 and 107.87 AUD/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 165 ? + 30 ? Closest resistance levels 0.7611; 0.7651; 0.7681; 0.7717 Closest support levels 0.7557; 0.7523; 0.7496; 0.7463 Trading recommendations Baseline scenario Short AUD/USD below 0.7557 (or from 0.7611), with the target points at 0.7523 and 0.7496 Alternative scenario Moving above 0.7611 can be considered as a signal to Buy the pair, with target at 0.7651 and 0.7681 More: https://new.fxbazooka.com/analytics/13092 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
NZD/USD: kiwi came to the Rubicon 4/14/2017 On the NZD/USD daily chart, quotes are moving within the downward trading channel. A break of its upper border can lead to the correction towards 0.707 and higher. In contrast, if the "bears" manage to keep the New Zealand dollar below the psychologically important level of 0.7, it might lead to the continuation of the downward movement and implementation of the 113% and 161.8% targets in the Shark and AB = CD patterns. On the NZD/USD hourly chart, the further downward movement will depend on whether sellers manage to return quotes to within the borders of the downward trading channel. The drop of the pair below 0.697 can lead to the restoration of the downward trend. More: https://new.fxbazooka.com/analytics/13091 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
EUR/USD: bears are preparing for breakout 4/14/2017 On the EUR/USD daily chart, quotes returned to the border of the upward trading channel. There is the diagonal support. If the bears manage to test it, the update of the April low will open the way towards 1.046 and 1.0405. To regain control over the pair, the bulls will need to raise the euro above 1.0695. On the EUR/USD hourly chart, there was an unsuccessful return of quotes to the consolidation range of 1.0635-1.0685. Bulls showed their weakness having failed to consolidate there. As a result, a triangle was formed. A breakout of its lower border near 1.0595 will increase the risk of continuation of the downward movement. Recommendation: SELL 1,0595 SL 1,065 TP 1,046. More: https://new.fxbazooka.com/analytics/13090 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
Key option levels for Thursday, April 13th 4/13/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 33 346 ↑ + 436 130 ↑ Closest resistance levels 1.0682; 1.0715; 1.0767; 1.0803 Closest support levels 1.0620; 1.0586; 1.0561; 1.0525 Trading recommendations Baseline scenario Short EUR/USD from the current price or from 1.0682, with target points at 1.0620 and 1.0586 Alternative scenario Moving above 1.0682 can be considered as a signal to Buy the pair, with target at 1.0715 and 1.0767 USD/JPY Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 287 ↑ + 880 ↑ Closest resistance levels 109.43; 109.93; 110.39; 110.62 Closest support levels 108.97/74 (Highly important); 108.47; 108.14; 107.78 Trading recommendations Baseline scenario (High risk of reversal) Long USD/JPY above 108.97, with target points at 109.43 and 109.93 Alternative scenario Moving below 108.97 can be considered as a signal to Sell the pair, with target at 108.47 and 108.14 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 9 ↑ + 29 ↑ Closest resistance levels 1.3266; 1.3324; 1.3367; 1.3408 Closest support levels 1.3236; 1.3189; 1.3129; 1.3058 Trading recommendations Baseline scenario OUT OF THE MARKET Alternative scenario OUT OF THE MARKET More: https://new.fxbazooka.com/analytics/13089 -
FBS.com - Daily/Weekly Analysis / Market News
riki143 replied to internationallove's topic in Technical Analysis
USD/CAD: shakeout-fakeout pattern has been realized 4/13/2017 On the USD/CAD chart, a successful attack on the diagonal support in the form of the lower border of the upward trading channel activated the Gartley pattern with a target 78.6%. The convergence zone is located near 1.31. The nearest important resistance can be found at 1.3305. On the USD/CAD hourly chart, the "Shakeout-fakeout" pattern has been realized. Quotes fell below the lower boundary of the "Splash and ledge" pattern on the basis of 1-2-3. This tells us about the weakness of the bears and allows us to bet on the realization of the Gartley pattern. Recommendation: SELL 1,328 SL 1,3335 TP 1,31. More: https://new.fxbazooka.com/analytics/13088 -
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riki143 replied to internationallove's topic in Technical Analysis
Gold: bulls are working hard 4/13/2017 On the daily chart of gold, the bulls updated February high and tested the diagonal resistance in the form of the upper boundary of the downward trading channel. As a result, the AB = CD pattern was activated. Its targets are located near $1286 (127.2%), $1312 (161.8%), $1340 (200%) and $1357(224%) per ounce. On the hourly chart of gold, quotes are moving within the upward trading channel. The bulls remain their control over the pair. In this situation, you might consider buying on the rollbacks to the support or on the formation of longs at the break of resistance. Recommendations: BUY $1278 SL $1263 TP1 $1312 TP2 $1340, BUY $1270 SL $1255 TP $1312. More: https://new.fxbazooka.com/analytics/13087 -
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riki143 replied to internationallove's topic in Technical Analysis
Key option levels for Wednesday, April 12th 4/12/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 62 621 ? + 399 662 ? Closest resistance levels 1.0636; 1.0678-89; 1.0721; 1.0757 Closest support levels 1.0602; 1.0576; 1.0540; 1.0518 Trading recommendations Baseline scenario Short EUR/USD below 1.0602 (or from 1.0636), with target points at 1.0576 and 1.0540 Alternative scenario Moving above 1.0636 can be considered as a signal to Buy the pair, with target at 1.0678 and 1.0721 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 270 ? + 87 ? Closest resistance levels 1.3333; 1.3378; 1.3421; 1.3477 Closest support levels 1.3289; 1.3266; 1.3233; 1.3187 Trading recommendations Baseline scenario Long USD/CAD above 1.3333 (or from 1.3289), with the target points at 1.3378 and 1.3421 Alternative scenario Moving below 1.3289 can be considered as a signal to Sell the pair, with target at 1.3266 and 1.3233 More: https://new.fxbazooka.com/analytics/13086 -
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riki143 replied to internationallove's topic in Technical Analysis
AUD/USD: bears are playing with Crab 4/12/2017 On the AUD/USD daily chart, an intermediate 113% target in the "Crab" pattern has been fulfilled. There is a continuation of the downward movement. The targets are located near 0.7415 and 0.731. Bulls can get their own back only in case of a successful test of the resistance at 0.7525. On the AUD/USD hourly chart, the "Widening Wedge" pattern can be formed. A necessary condition for its formation is a successful test of the 1-3 wave (0.7515). If it is tested successfully, focus on the point 5. The pullbacks from 23.6%, 38.2%, and 50% levels and from the 4-5 wave can be used for opening long positions. The nearest resistance levels can be found near 0.7555 and 0.7585. More: https://new.fxbazooka.com/analytics/13084 -
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riki143 replied to internationallove's topic in Technical Analysis
USD/JPY: bears sweep away all obstacles 4/12/2017 On the USD/JPY daily chart, the quotes moved beyond the consolidation range of 110.2-111.55. The realization of the AB = CD continues. Its target is located at 200% level of the BC wave (107.5). To hit this level, the bears will have to break the support at 108.8. The immediate resistance can be found at 110.2. On the USD/JPY hourly chart, quotes are moving within the downward trading channel. The bears remain their control over the pair. The AB = CD pattern with 224% target of the BC wave is still relevant. It corresponds to the level of 107.5. Recommendations: hold shorts (SELL 110,25 SL 110,8 TP1 109,6 TP2 108,8). More: https://new.fxbazooka.com/analytics/13083 -
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riki143 replied to internationallove's topic in Technical Analysis
Key option levels for Tuesday, April 11th 4/11/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest - 4 226 ? + 3 136 ? Closest resistance levels 1.0593; 1.0623; 1.0663-75; 1.0708 Closest support levels 1.0569; 1.0534; 1.0513; 1.0489 Trading recommendations Baseline scenario Long EUR/USD above 1.0593 (or from 1.0569), with target points at 1.0623 and 1.0663 Alternative scenario Moving below 1.0569 can be considered as a signal to Sell the pair, with target at 1.0534 and 1.0513 GBP/USD ain trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 419 ? + 213 ? Closest resistance levels 1.2447; 1.2467; 1.2490/1.2505; 1.2547 Closest support levels 1.2398; 1.2365; 1.2342; 1.2315 Trading recommendations Baseline scenario Short GBP/USD below 1.2398 (or from 1.2447), with target points at 1.2365 and 1.2342 Alternative scenario Moving above 1.2447 can be considered as a signal to Buy the pair, with target at 1.2467 and 1.2490 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest -14 ? + 321 ? Closest resistance levels 1.3326-35; 1.3376; 1.3419; 1.3475 Closest support levels 1.3289; 1.3266; 1.3235; 1.3187 Trading recommendations Baseline scenario OUT OF THE MARKET Alternative scenario More: https://new.fxbazooka.com/analytics/13082 -
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riki143 replied to internationallove's topic in Technical Analysis
USD/CHF: bulls got too excited 4/11/2017 On the USD/CHF daily chart, the realization of the Wolf Waves pattern continues An update of the April high will allow the bulls to count on the continuation of the rally and the implementation of the 1.0203 target. If they succeed, the chances for the implementation of the 88.6% target in the Shark reversal pattern will increase significantly. The nearest support can be found near 1.004. On the USD/CHF hourly chart, buyers are trying to test an important level of 1.0095. Its breakout followed by the successful test of the resistance at 1.013 can lead to the restoration of the "bullish" trend. Recommendation: hold long positions (BUY 1,0035 SL 0,9980 TP1 1,013 TP2 1,0205) Mpre: https://new.fxbazooka.com/analytics/13081 -
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riki143 replied to internationallove's topic in Technical Analysis
GBP/USD: triangle didn't help the bears 4/11/2017 On the GBP/USD daily chart, there is a formation of the "Splash and ledge" pattern on the basis of 1-2-3. The pound is consolidating in the range of 1.237-1.256. A breakout of the diagonal resistance (the upper limit of the downward trading channel) near 1.2465 can lead to the continuation of the rally. In contrast, a successful test of the support at 1.237 can lead to the implementation of the 88.6% target in the "Bat" pattern. On the GBP/USD hourly chart, the triangle has been formed, it helped bears to lead them away to the downside. A breakout of its lower border led to the drop of quotes towards the support at 1.236, but there was no additional downfall. This shows the weakness of the "bears" and creates the prerequisites for the development of consolidation. More: https://new.fxbazooka.com/analytics/13080 -
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riki143 replied to internationallove's topic in Technical Analysis
Morning brief for April 10 4/10/2017 US yields moved higher on Monday as increased geopolitical risks pushed investors to favor safe-haven assets. The US missile strikes were seen as a warning to Syria’s President Bashar al-Assad to stop using chemical weapons in the ongoing civil war. Friday’s labor report hit the markets quite hard as it showed that the economy added 98K jobs in march, the fewest since May 2016. Other important news from the past week was the agreement between the US and China to start a 100-day examination of trade issues. Trump and Xi were both upbeat after the meeting. The former one was happy to hail an “outstanding relationship” with the US major competitor – China. Chinese President was happy to get deeply acquainted and to establish close ties with the American leader. So, this makes us believe that Trump would abstain from applying harsh epithets to China’s currency manipulations and that US-China relationship will be more or less stable for a while. EUR/USD has started the week on a joyful note having rebounded from its Friday’s low at 1.0578. But the single currency remains to be a subject to downside risks ahead of the first round of the French presidential election. The next key level to the downside can be found at 1.0490 (February low). It will be acting as a quite sturdy support. A move above 1.0665 would be a sign that the immediate downward pressure has eased. Today, we would recommend you to set an alarm clock for 11:10 pm MT time as at this time Fed’s Chair Yellen will be speaking at the University of Michigan and answering the audience questions. USD/JPY was a gainer in Tokyo morning. It rose above 111.50 as global market stabilized after the US missile attacks on Syria and Trump’s meeting Xi ran smoothly. The quotes may rise higher at least to 112.20 (March 31 high). On the downside, there is a solid support at 110.60. USD/CAD rose to 1.3412 in the past session having pared its Friday’s losses. Loonie has strengthened significantly on the surge of the oil prices in the course of the past week. Brent oil futures were rallying since the beginning of April due to the talks about extension of output cut deal. Russia energy minister Novak has discussed the possible extension of the deal on Friday. But we will receive more clarifications on whether the deal can be extended or not by the end of April or in the beginning of May ahead of the 172th OPEC meeting. GBP/USD got a positive momentum on Monday after having slid to 1.2360 at the end of the past week. The pound has some chances for recovery in the near-term if the upcoming UK CPI figures and labor market data beat market’s expectations. Today’s economic calendar for the pair is light. Aussie suffered significant losses in the course of the past week having dropped to 0.7490. Only a move back to 0.7550 would indicate that immediate downward pressure has eased. The sudden weakness of Aussie can be explained by the tremendous downfall of iron ore and copper prices. Friday was the worst day for iron ore in over a year, as the price of benchmark 62% fines declined by 6.76% to $75.45 per ton. More: https://new.fxbazooka.com/analytics/13077