riki143 Posted November 10, 2015 Posted November 10, 2015 Forex Analytics Forex trading plan for November 10 By Elizabeth Belugina [Video] [/Video] The advance of the US dollar after the release of strong labor market data in America on Friday paused on Monday as the market participants took profit. EUR/USD recovered from Friday lows just above 1.0700 to resistance in the 1.0800 area. The meetings of the European finance ministers will continue on Tuesday, but the real impact on the euro may come only on Wednesday with the speech of the ECB president Mario Draghi. Unless the ECB steps away from signaling the upcoming policy easing, the euro will keep declining. We recommend small short positions. Support is at 1.0660 and 1.0600. Note as the euro moved below 1.0800, support levels became very weak. GBP/USD retraced about 50% of Friday’s decline, and the bulls met resistance at 1.5115. If the pair stays below this level, we will favor small shorts. Pound has strong support at 1.5000, but this level may come under pressure. There will be no releases in the UK on Tuesday: traders will be waiting for the jobs report on Wednesday. Other resistance levels are at 1.5165 and 1.5200. Further retracement up will constitute the selling opportunity. USD/JPY edged up to 123.50 after big gains on Friday. Resistance is at 124.00 and 124.50. Be careful with longs at the current levels as the pair is currently overbought. Watch Chinese data on Tuesday as they will affect the market’s risk sentiment (risk aversion is negative for USD/JPY). Support is at 123.00, 122.50 and 122.00. AUD/USD found support around 0.7025 (September support line). Weak Chinese import data has weighed on the Aussie. Australia will release NAB business confidence and home loans early on Tuesday. Chinese figures will be also important. A break below 0.7000 will lead the pair to 0.6950 and 0.6900. Resistance is at 0.7100/25 and 0.7200. More: https://www.fxbazooka.com/en/analitycs/show/7019 Quote
riki143 Posted November 10, 2015 Posted November 10, 2015 Forex Analytics Danske Bank: trade signals for November 10 Open positions:* EUR/USD: SELL at 1.0825, TAKE PROFIT 1.0571, STOP LOSS 1.0903 GBP/JPY: BUY at 184.25, TAKE PROFIT 190.00, STOP LOSS 183.65 NZD/USD: Possibly SELL Trade ideas: USD/JPY: Hold LONG at 123.22, TAKE PROFIT 125.28, STOP LOSS 122.62 GBP/USD: Hold SHORT at 1.5080, TAKE PROFIT 1.4857, STOP LOSS 1.5155 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 (revised) AUD/USD: Hold SHORT at 0.7065, TAKE PROFIT 0.6896, STOP LOSS 0.7136 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3135 (revised) EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised) EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7205 EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 EUR/CAD: Hold SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4455 _____________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7023 Quote
riki143 Posted November 10, 2015 Posted November 10, 2015 Forex Analytics NZD/CAD: sell targets - 0.8600 and 0.8500 10 November 2015 By: Dmitriy Chernovolov NZD/CAD broke daily up channel Next sell targets - 0.8600 and 0.8500 NZD/CAD recently fell sharply - breaking through the support trendline of the daily up channel from September (which has enclosed the C-wave of the preceding intermediate ABC correction (, which was recently stopped by the round resistance level 0.9000). The breakout of this up channel coincided with the breakout of the support level 0.8800 (former resistance level, which stopped wave 4 in August) – which intensified the bearish pressure on this currency pair. NZD/CAD is likely to fall further inside the active waves 3 and © toward the next sell target at the support level 0.8600 - the breakout of which can lead to further losses toward 0.8500. More: https://www.fxbazooka.com/en/analitycs/show/7025 Quote
riki143 Posted November 11, 2015 Posted November 11, 2015 Forex Analytics Trading plan for November 11 By Kira Iukhtenko [Video] [/Video] US Dollar extends the upside after a short-term pause on Monday. USD index returned to the Friday’s post-NFP high of 99.40 on Tuesday. We remain bullish for the USD this week. Watch the FOMC members’ comments on Thursday and the US October retail sales on Friday. EUR/USD broke below the 1.0700 support and is actively declining. We target 1.0650 in the nearest future (trend support), small pullback from here could take place before a test of the 1.0500 target. Use all the rallies to go short. Divergence in expectations between the ECB and the Fed remains a strong bearish factor. GBP/USD is a bit more stable on Tuesday due to the EUR/GBP decline. Cable has recovered above 1.5100 (early October lows) and stays calm ahead of the UK labor market data on Wednesday. Officials forecasts are upbeat, but the market reaction to any deviation could be very rude – remember the last week’s volatility. Resistance at 1.5200 is expected to limit the upside. We stay bearish though and target 1.5000 this week. AUD/USD bounced back from 0.7200 and is testing the 0.7020 support as we write. Watch the Chinese figures tonight. Any disappointment will pull the Aussie down to our bearish target at 0.6900. More: https://www.fxbazooka.com/en/analitycs/show/7029 Quote
riki143 Posted November 11, 2015 Posted November 11, 2015 Forex Analytics Danske Bank: trade signals for November 11 Open positions:* EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835 USD/JPY: Hold LONG at 123.22, TAKE PROFIT 125.28, STOP LOSS 122.62 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 (revised) AUD/USD: Hold SHORT at 0.7065, TAKE PROFIT 0.6896, STOP LOSS 0.7136 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3190 (revised) EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised) EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026;, STOP LOSS 0.7205 EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 EUR/CAD: Hold SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4380 (revised) Trade ideas: GBP/JPY: BUY at 185.75, TAKE PROFIT 190.00, STOP LOSS 185.18 NZD/USD: Possibly BUY GBP/USD: Possibly SELL _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7033 Quote
riki143 Posted November 11, 2015 Posted November 11, 2015 Forex Analytics GBP/CHF: buy target - 1.5400 11 November 2015 By: Dmitriy Chernovolov GBP/CHF reversed from pivotal support level 1.5100 Next buy target - 1.5400 GBP/CHF recently reversed up sharply from the pivotal support level 1.5100 (former strong resistance level which reversed earlier waves (a) and © in September, acting as support now after it was broken by the previous wave 2, as can be seen below). The upward reversal from this support level created the daily Japanese candlesticks reversal pattern Hammer – increasing the likelihood of further gains of this currency pair in the coming trading sessions. GBP/CHF is likely to rise further toward the next buy target at the strong resistance level 1.5400 (which stopped previous extended intermediate wave ( in August). More: https://www.fxbazooka.com/en/analitycs/show/7034 Quote
riki143 Posted November 11, 2015 Posted November 11, 2015 Forex Analytics EUR/GBP: sell target - 0.70400 11 November 2015 By: Dmitriy Chernovolov EUR/GBP falling inside intermediate impulse wave (3) Next sell target - 0.70400 EUR/GBP continues to fall inside the 3rd intermediate impulse wave (3), which is a part of the primary impulse wave ③ from the middle of October. The active impulse wave (3) started earlier this month – when the pair reversed down from the resistance zone lying between the resistance level 0.7200 (former support level which reversed previous (-wave in September) and the 38.2% Fibonacci correction of previous intermediate impulse wave (1). EUR/GBP is likely to fall further inside the active impulse wave (3) toward the next sell target at the support level 0.70400 (which stopped previous impulse wave (1)). More: https://www.fxbazooka.com/en/analitycs/show/7035 Quote
riki143 Posted November 11, 2015 Posted November 11, 2015 Forex Analytics Trading plan for November 12 Kira Iukhtenko [Video] [/Video] FX market volatility remains subdued on Wednesday as the US and Canadian markets are closed due to the Veteran’s day celebration. US Dollar Index holds above 99 points, but lacks momentum to extend the rally for now. What to expect on Thursday? In the United States, we’ll focus on the FOMC members speeches (Yellen, Evans, Dudley, Fisher). Expectations of the bullish retail sales report on Friday are expected to support the demand for the US currency. EUR/USD found support at 1.0700 on Wednesday, but the rallies remain limited by 1.0740 as we write. We advise going short below 1.0720 and see the key resistance at 1.0780 (local high, trend line). ECB Head Mario Draghi is scheduled to deliver two speeches on Thursday – be ready for some monetary policy hints. GBP/USD extends the recovery, approaching the 1.5200 mark om moxed labor market report (38.2% Fibo). Break higher could open the way to 1.5250 (50% Fibo), but we expect the current rally to be short-lived. US retail sales figures on Friday will likely pull the pair down towards the 1.5000 support. USD/JPY is trading under slight bearish pressure, but the move reminds us of a technical correction. Major resistance lies at 125.30/80, while support is seen at 121.60 (resistance of the previous sideways channel). AUD/USD tries to recover, but remains capped by 0.7080. Keep an eye on the Australian labor market data tonight – employment is expected to improve. Nevertheless, the 0.7100 mark remains a good level to sell the pair. More: https://www.fxbazooka.com/en/analitycs/show/7039 Quote
riki143 Posted November 12, 2015 Posted November 12, 2015 Forex Analytics Danske Bank: trade signals for November 12 Open positions:* EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835 USD/JPY: Hold LONG at 123.22, TAKE PROFIT 125.28, STOP LOSS 122.62 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 AUD/USD: Hold SHORT at 0.7065, TAKE PROFIT 0.7136, STOP LOSS 0.7085/80 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3190 (revised) EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised) EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7205 EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 EUR/CAD: Hold SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4380 (revised) GBP/JPY: Hold LONG at 186.45, TAKE PROFIT 190.00, STOP LOSS 185.35 Trade ideas: NZD/USD: BUY at 0.6525, TAKE PROFIT 0.6745, STOP LOSS 0.6451 GBP/USD: Possibly SELL __________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7046 Quote
riki143 Posted November 12, 2015 Posted November 12, 2015 Forex Analytics EUR/AUD: sell targets - 1.5000 and 1.4800 12 November 2015 By: Dmitriy Chernovolov EUR/AUD reached sell targets 1.5200 and 1.5100 Next sell targets - 1.5000 and 1.4800 EUR/AUD continues to fall after the recent breakout of the support zone lying between the support levels 1.5200 and 1.5100 – both of which were set in our previous forecast as the sell targets for this currency pair. The breakout of the support level 1.5100 coincided with the breakout of the 50% Fibonacci correction of the previous sharp intermediate corrective (A)-wave from the end of April (as you can see from the daily EUR/AUD chart below). EUR/AUD is likely to fall further in the accelerated C-wave toward the next sell target at the round support level 1.5000 - the breakout of which can lead to further losses toward 1.4800. More: https://www.fxbazooka.com/en/analitycs/show/7047 Quote
riki143 Posted November 12, 2015 Posted November 12, 2015 Forex Analytics AUD/NZD: buy target - 1.1000 12 November 2015 By: Dmitriy Chernovolov AUD/NZD reversed from support zone Next buy target - 1.1000 AUD/NZD has been rising sharply in the last few trading sessions inside the 3rd primary impulse wave ③, which started at the end of October - when the pair reversed up from the support zone lying between the pivotal support level 1.0500, the lower daily Bollinger Band and the 61.8% Fibonacci retracement of the preceding sharp upward impulse from April (as can be seen below). The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/NZD is currently approaching the strong resistance level 1.0930 (former multi-month pivotal support level) – the breakout of which can lead to further gains toward 1.1000. More: https://www.fxbazooka.com/en/analitycs/show/7048 Quote
riki143 Posted November 13, 2015 Posted November 13, 2015 Forex Analytics Danske Bank: trade signals for November 13 Open positions:* EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3190 (revised) EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised) EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7160 EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 GBP/JPY: Hold LONG at 186.45, TAKE PROFIT 190.00, STOP LOSS 185.35 NZD/USD: Hold LONG at 0.6525, TAKE PROFIT 0.6745, STOP LOSS 0.6451 Trade ideas: GBP/USD: SELL at 1.5256, TAKE PROFIT 1.4960, STOP LOSS 1.5330 USD/JPY: Possibly BUY EUR/CAD: Possibly SELL AUD/USD: Possibly BUY _______________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7056 Quote
riki143 Posted November 13, 2015 Posted November 13, 2015 Forex Analytics USD/CAD: buy target - 1.3420 13 November 2015 By: Dmitriy Chernovolov USD/CAD reached buy target 1.3300 Next buy target - 1.3420 USD/CAD recently reached the resistance level 1.3300, which was set as the buy target in our previous forecast for this currency pair. The active impulse wave 3 (which belongs to the 5th intermediate impulse wave (5) from the middle of October) recently broke the resistance trendline of the daily Triangle from the end of September – which intensified the bullish pressure on this currency pair. USD/CAD is likely to rise further in the active impulse waves 3 and (5) toward the next buy target at the next resistance level 1.3420 (which stopped the B-wave of the previous ABC correction (4)). More: https://www.fxbazooka.com/en/analitycs/show/7057 Quote
riki143 Posted November 13, 2015 Posted November 13, 2015 Forex Analytics USD/CHF: buy target - 1.0100 13 November 2015 By: Dmitriy Chernovolov USD/CHF reversed from parity Next buy target - 1.0100 USD/CHF recently reversed down from the upper resistance trendline of the wide daily up channel from May.The subsequent downward correction today reversed up from the support zone lying between the parity and the 38.2% Fibonacci Correction of the previous upward impulse wave from the start of this month. Given the strength of the support at parity and the fact that the pair is currently moving inside the 3rd minor impulse wave (iii) of the C-wave of the intermediate ABC correction ( from May - USD/CHF can be expected to rise further to the next buy target at 1.0100. Buy stop-loss can be placed at half the daily ATR (Average True Range) below the parity. More: https://www.fxbazooka.com/en/analitycs/show/7058 Quote
riki143 Posted November 13, 2015 Posted November 13, 2015 Forex Analytics USD/JPY: forecast for November 16-22 Elizabeth Belugina USD/JPY corrected down from 123.60 to the 122.50 area. Demand for Japanese yen as a safe haven increased after Chinese data this week renewed concerns about the global economy. On such background the approaching US rate hike will make investors even more worried. Still, the US has a bond yield advantage over Japan, and this will provide the greenback with fundamental support. Next week pay attention to the release of Japan’s GDP on Monday. The odds are that the Japanese economy will keep contracting in Q3 after declining in Q2. The data release will be followed by the Bank of Japan’s meeting on Thursday. Although the market generally does not expect the Bank of Japan to add monetary stimulus at this time, weak economic figures leave this option on the table. This is another factor to limit the decline of USD and Japanese Yen. The current decline in USD/JPY looks like a correction. Support is at 122.00, 121.50 and 121.00. Resistance is at 123.00, 123.60 and 124.30. Pay attention to the US data as well: if the readings aren’t very bright, then the pair will be in no hurry to move up. More: https://www.fxbazooka.com/en/analitycs/show/7063 Quote
riki143 Posted November 13, 2015 Posted November 13, 2015 Forex Analytics EUR/USD: forecast for November 16-22 Elizabeth Belugina EUR/USD remained under bearish pressure, but found some support just below 1.0700 as investors’ risk sentiment was not very bright, and demand for lower-yielding euro increased in comparison with the demand for the US dollar. The European Central Bank remains ready to ease policy in the near future. The ECB president Mario Draghi claimed that the stronger euro accounts for the euro area’s weak inflation outlook. Next week Draghi will speak 2 more times – on Monday and Friday. As the regulator’s head has so far been dovish, we think that he will continue stick to this line, so his speeches represent bearish risks for the euro. German economic growth has slowed a bit in Q3. The same happened with euro area’s economy. The news are moderately negative. Apart from Draghi’s speeches next week pay attention to the euro area’s final October inflation on Monday and ZEW economic sentiment for Germany and the euro area on Tuesday. Data from the US will be also important for the pair. Large speculators significantly increased net shorts on the euro in the recent weeks, the market has become more bearish, and so the risk of an abrupt short covering is now higher. Still, levels of 1.0900/50 – former support line of 2015 – represent strong resistance for the single currency, and once reached will provoke a new wave of selling. Support is at 1.0700, 1.0660, 1.0600 and 1.0520. As, for now, we have probably already seen the most of the pair’s decline on monetary divergence between the US and the euro area, the pace of decline will likely slow down and EUR/USD has some grounds to stabilize and consolidate a bit. More: https://www.fxbazooka.com/en/analitycs/show/7062 Quote
riki143 Posted November 13, 2015 Posted November 13, 2015 Forex Analytics US Dollar: forecast for November 16-22 13 November 2015 By Kira Iukhtenko US Dollar retraced a little lower on the past week, but we review this move as a wave of profit taking. The Fed’s officials stepped into the market with a bunch of comments, but there was nothing limiting the December rate hike there. However, we concede that the US officials will try to talk the greenback down in the coming weeks. The general picture remains bullish for the US currency. A 70% chance for a rate hike in December, calculated by CME, is pushing the USD longs up. US stock indices are beginning to price the move in: we’ve seen a powerful decline on the past week. Traders all over the world will be monitoring the US economic data. As for the new week, watch the US October CPI on Tuesday and the FOMC meeting minutes on Wednesday. We’ll see whether the October 28 meeting was as hawkish as the market understood. More: https://www.fxbazooka.com/en/analitycs/show/7065 Quote
riki143 Posted November 14, 2015 Posted November 14, 2015 Forex Analytics GBP/USD: forecast for November 16-22 By Kira Iukhtenko British currency remains highly volatile: GBP/USD has recovered 50% Fibonacci from the early November rally. Buyers faced resistance at 1.5250. You may see a symmetrical triangle on the H4 chart. We see two ways to trade the cable on the new week. According to the first scenario, the pair will resume the decline. In this case, we advise selling from 1.5170 with a medium-term target at 1.50. The second scenario is bullish: the pair could extend the upside and push to 1.5300 and 1.5380. Given the USD bullish potential, we tend to the first, bearish scenario. Next week on Tuesday, we’ll pay attention to the UK and US inflation data. Make sure you don’t miss the UK retail sales on Thursday. Chart. H4 GBP/USD More: https://www.fxbazooka.com/en/analitycs/show/7064 Quote
riki143 Posted November 16, 2015 Posted November 16, 2015 Forex Analytics Danske Bank: trade signals for November 16 Open positions:* EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835 GBP/USD: Hold SHORT at 1.5256, TAKE PROFIT 1.4960, STOP LOSS 1.5330 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 AUD/USD: Hold LONG at 0.7125, TAKE PROFIT 0.7297, STOP LOSS 0.7055 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3190 EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 132.83 (revised) EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.6936 (revised), STOP LOSS 0.7115 (revised) EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 GBP/JPY: Hold LONG at 186.45, TAKE PROFIT 190.00, STOP LOSS 185.35 NZD/USD: Hold LONG at 0.6525, TAKE PROFIT 0.6745, STOP LOSS 0.6451 Trade ideas: USD/JPY: Look for the opportunities to BUY EUR/CAD: SELL at 1.4285, TAKE PROFIT 1.3993, STOP LOSS 1.4390 ____________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7080 Quote
riki143 Posted November 16, 2015 Posted November 16, 2015 Forex Analytics CHF/JPY: buy target - 123.00 16 November 2015 By: Dmitriy Chernovolov CHF/JPY reversed from support level 121.30 Next buy target - 123.00 CHF/JPY continues to rise after the recent sharp upward reversal from the support level 121.30 (which also previously reversed the earlier strong minor impulse wave 1 at the end of October, as you can see below). The price earlier broke through the support level 122.20, which was set in our previous forecast as the sell target for this currency pair. Given the strength of the support level 121.30 - CHF/JPY can be expected to correct up further to the next buy target at the resistance level 123.00 (which reversed previous minor correction 2), intersecting with the 38.2% Fibonacci Correction of the previous sharp downward impulse wave 1. Buy stop-loss can be placed below the aforementioned support level 121.30. More: https://www.fxbazooka.com/en/analitycs/show/7084 Quote
riki143 Posted November 16, 2015 Posted November 16, 2015 Forex Analytics EUR/GBP: buy target - 0.7100 16 November 2015 By: Dmitriy Chernovolov EUR/GBP reached sell target 0.7040 Next buy target - 0.7100 EUR/GBP today reversed up sharply - after the price reached the pivotal support level 0.7040, which was set as the sell target in our previous forecast for this currency pair. This support level also previously reversed the price sharply at the start of this month and in the middle of August – as you can see from the daily EUR/GBP chart below. Given the strength of the support level 0.7040 and the fact that the daily Stochastic indicator has not yet fully recovered from the oversold territory - EUR/GBP can be expected to correct up further to the next buy target at the next resistance level 0.7100. EUR/GBP is likely to reverse down after reaching 0.7100. More: https://www.fxbazooka.com/en/analitycs/show/7085 Quote
riki143 Posted November 16, 2015 Posted November 16, 2015 Forex Analytics Forex trading plan for November 17 Elizabeth Belugina [Video] [/Video] Stock markets moved down on the increased geopolitical risk and the market’s risk aversion. The focus this week will be on the minutes of the Federal Reserve’s more hawkish meeting on Wednesday. On Tuesday the US will release important inflation data at 13:30 GMT. At the same time, the expectations of the Fed’s rate hike in December will probably remain in any case providing support for the US dollar. EUR/USD once again tested levels below 1.0700, but then managed to get higher. The single currency got under negative pressure after attacks in Paris, although the bearish impact is limited as the euro has been so far perceived as a safe haven. The euro area’s October inflation figures were revised a bit to the upside on Monday. Plus the European Central Bank’s president Mario Draghi declined to comment on monetary policy in this latest speech. As a result, the pull of the bears has weakened. A daily close below 1.0700 is needed to confirm that the euro’s fall has resumed. Next support is at 1.0660 and 1.0600. Resistance is at 1.0795/1.0800. Watch German and euro area’s ZEW economic sentiment at 10:00 GMT on Tuesday. GBP/USD faces strong resistance at 1.5260 (50% Fibo of November decline). The next resistance is at 1.5315. Support is at 1.5140 and 1.5100 ahead of 1.5000. Britain will release inflation data at 09:30 GMT. Forecast is weak (-0.1%), and a reading even worse will send the cable lower. USD/JPY tested levels in the 122.20 area, but then returned to 123.00. In line with expectations, Japanese economy kept contracting in Q3: GDP fell by 0.3%. It means that Japan in in recession. Yet, the market’s reaction was muted, but the short-term trend line was breached to the upside. Further resistance is at 123.10, 123.60, 124.00 and 124.30. Support is at 122.00, 121.80 and 121.50. AUD/USD is affected by the deteriorated risk sentiment. Below 0.7100 the pair is vulnerable for a decline to 0.7050. Resistance is at 0.7140 and 0.7200. The Reserve Bank of Australia will release monetary policy meeting minutes on Tuesday. More: https://www.fxbazooka.com/en/analitycs/show/7087 Quote
riki143 Posted November 17, 2015 Posted November 17, 2015 Forex Analytics Danske Bank: trade signals for November 17 Open positions: EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835 GBP/USD: Hold SHORT at 1.5256, TAKE PROFIT 1.4960, STOP LOSS 1.5330 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 AUD/USD: Hold LONG at 0.7125, TAKE PROFIT 0.7297, STOP LOSS 0.7055 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3220 (revised) EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 132.83 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.6936, STOP LOSS 0.7115 (revised) EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 EUR/CAD: Hold SHORT at 1.4285, TAKE PROFIT 1.3993, STOP LOSS 1.4390 GBP/JPY: Hold LONG at 186.45, TAKE PROFIT 190.00, STOP LOSS 185.35 NZD/USD: Hold LONG at 0.6525 , TAKE PROFIT 0.6745, STOP LOSS 0.6451 Trade signals: USD/JPY: BUY at 122.95, TAKE PROFIT 124.63, STOP LOSS 122.20 ________________________________________________________________ *Danske Bank applies trailing stop oders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7093 Quote
riki143 Posted November 17, 2015 Posted November 17, 2015 Forex Analytics EUR/USD: sell target - 1.0600 17 November 2015 By: Dmitriy Chernovolov EUR/USD reached sell target 1.0700 Next sell target - 1.0600 EUR/USD continues to fall after the recent breakout of the support level 1.0700, which was set as the sell target in our previous forecast for this currency pair. The price earlier reversed down sharply from the resistance zone lying between the resistance level 1.0800 (the lower boundary of the resistance zone located between price levels 1.0800 and 1.0880). The downward reversal from this resistance zone started the active impulse wave (v) of the 3rd minor impulse wave 3 from October. EUR/USD is likely to fall further toward the next sell target at the next pivotal support level 1.0600 (which reversed the previous sharp wave (ii) in April). More: https://www.fxbazooka.com/en/analitycs/show/7094 Quote
riki143 Posted November 17, 2015 Posted November 17, 2015 Forex Analytics GBP/NZD: buy target - 2.3800 17 November 2015 By: Dmitriy Chernovolov GBP/NZD broke resistance level 2.3350 Next buy target - 2.3800 GBP/NZD continues to rise after the pair recently broke the resistance level 2.3350 (which reversed the previous intermediate impulse wave (1) at the start of this month, as you can see below). The breakout of the resistance level 2.3350 is likely to accelerate the active intermediate impulse wave (3) – which belongs to the primary impulse wave ⑤ which started in October (when the pair reversed up from the support zone lying between the support level 2.2500, the lower daily Bollinger Band and the 50% Fibonacci Correction of the previous upward impulse ③ from April). GBP/NZD is likely to rise in the active impulse wave (3) toward the next buy target at the next resistance level 2.3800 (former support level from September). More: https://www.fxbazooka.com/en/analitycs/show/7095 Quote
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