riki143 Posted August 4, 2016 Posted August 4, 2016 USD/JPY: bears going to break the last low 8/4/2016 There's a “Shooting Star” at the local high, which has been confirmed strongly. So, the price is likely going to decline towards the nearest “Window”. We've got a confirmed bullish “Harami” at the last low, but the nearest “Window” could act as a resistance. If so, the current downward price movement is likely going to be continued. As we can see on the Daily chart, the last candles are bearish and we haven’t got any reversal pattern so far, which makes possible the further sellers steps. More: https://new.fxbazooka.com/analytics/9908 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 GBP/USD & BoE Interest Rate Decision: Will the downside pressure return to the Sterling? 8/4/2016 Today at 11:00 GMT will be released the BoE interest rate decision, where the markets are expecting a rate cut by 25 bp. Currently, the rates stand at 0.50% and that could give the bears enough momentum to push lower the Cable towards the post-Brexit lows. 30 minutes later will speak the BoE's Governor Carney, where the markets will be closely watching, as it's speech could give us further hints in terms of economic measures for the United Kingdom in the mid-term, following the Brexit's outcome. The technical picture for GBP/USD at H4 chart is still very bearish and also, it's trapped inside the post-Brexit range. A pullback is expected around the 1.3358 level towards the support zone of 1.2845 if the BoE's stance is dovish than expected and the central bank decides to cut rates. However, if there are no major actions by the BoE today, then we can see a slight rise and test the 1.3615 level, where the 38.2% retracement zone (from pre-Brexit's peak) is placed. More: https://new.fxbazooka.com/analytics/9909 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 EUR/USD: bulls showed weakness 8/4/2016 On the daily EUR/USD chart one may see that the attack of the bulls have spluttered. The inability of the bulls to hold the pair above 1.1175 points at their weakness. Whether it's temporary or we are speaking about the resumption of bearish trend will become clear in the coming days. For now the pair's falling to the upper border of the previous bearish channel (23.8% Fibonacci of the last medium-term bearish wave). https://new.fxbazooka.com/img/articles/9910/Screenshot_2016_08_04_07_01_14.png On H1 EUR/USD completed Fakeout-Shakeout and "3 Indians" pattern. The nearest resistance is near 1.1170, support levels are at 1.1114 and 1.1080. More: https://new.fxbazooka.com/analytics/9910 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 USD/CAD: loonie is searching for a new driver 8/4/2016 On the daily chart USD/CAD returned to the levels inside the rising triangle. A break above its upper bordrer will help to restore the medium-term bullish trend. As a result, the pair may realize 161.8% of AB=CD pattern target at 1.3520. On the other hand, decline below the diagonal support will lead to continuation of the decline to 1.2720 (88.6% of the "Shark" pattern target). On H1 USD/CAD completed the widenind wedge pattern. After correction to waves 4-5 the beras seized initiative that allowed the pair to reach 127.2% of teh Shark parren target. The pair formed the double bottom and is currently consolidation in the 1.3-1.314 area. The break of this range will determine further dicrection of the pair. More: https://new.fxbazooka.com/analytics/9911 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 EUR/USD: "Double Top" stopped bullish rally 8/4/2016 The price has faced a resistance at 1.1235, which led to form a “V-Top” pattern, so we’ve got the current downward movement. Therefore, bears are likely going to reach a support at 1.1120 in the short term. If we see a pullback from this level, there’ll be an opportunity to have a bullish correction towards a resistance at 1.1222 – 1.1235. As we can see on the one-hour chart, the pair found a support on the 55 Moving Average. Also, there’s a possible “Flag” pattern, so the market is likely going to decline towards a support at 1.1120. However, if a pullback from this support happens afterwards, bulls will probably try to catch a resistance at 1.1196 – 1.1222. More: https://new.fxbazooka.com/analytics/9912 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 GBP/USD: consolidation going to be continued 8/4/2016 The price is moving up and down along a resistance at 1.3339. So, the pair is likely going to achieve a support near the 55 Moving Average. If bears be stopped here, then an upward movement becomes possible, so we should keep an eye on the closest resistance at 1.3400 – 1.3471. We’ve got a consolidation, but also there’s a local “Double Top”. In this case, bears are likely going to reach a support at 1.3247. At the same time, if we see a pullback from this level, there’ll be a chance to have an upward movement in the direction of the nearest resistance at 1.3370 – 1.3400. More: https://new.fxbazooka.com/analytics/9913 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 EUR/USD: wave going to end 8/4/2016 Wave 4 has been ended in a form of a “Double Three”, so we’ve got a pullback from 4/8 Murrey Math Level (P=200). It’s likely that we’ve got wave in progress, which main target is 2/8 Murrey Math Level. If we see a pullback from this level, there’ll be an opportunity to have an upward correction. As we can see on the one-hour chart, the price has been declining in wave . Therefore, bears are likely going to reach 4/8 Murrey Math Level in the short term. If wave (v) finishes at this level, bulls will probably try to deliver wave [ii]. More: https://new.fxbazooka.com/analytics/9914 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 EUR/USD: euro has corrected 8/4/2016 Technical levels: support – 1.1130/40, 1.1105; resistance – 1.1170, 1.1220. Trade recommendations: 1. Buy — 1.1130/40; SL — 1.1110; TP1 — 1.1220; TP2 – 1.1270. Reason: bullish Ichimoku Cloud; golden cross of Tenkan-sen and Kijun-sen; the markets overbought is finished. More: https://new.fxbazooka.com/analytics/9917 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 GBP/USD: waiting for the end of correction 8/4/2016 Technical levels: support – 1.3270; resistance – 1.3370, 1.3480. Trade recommendations: 1. Buy — 1.3270; SL — 1.3250; TP1 — 1.3370; TP2 — 1.3480. Reason: a bullish Cloud with growing range; golden cross of Tenkan-sen and Kijun-sen; the markets overbought is finished. More: https://new.fxbazooka.com/analytics/9918 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 AUD/USD: the Bulls are on the attack 8/4/2016 Technical levels: support – 0.7560, 0.7590; resistance – 0.7620. Trade recommendations: 1. Buy — 0.7590; SL — 0.7570; TP1 — 0.7680; TP2 — 0.7750. Reason: bullish Ichimoku Cloud, Senkou Span A and B are growing up; a new golden cross of Tenkan-sen and Kijun-sen. More: https://new.fxbazooka.com/analytics/9919 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 EUR/AUD reversed from resistance level 1.4900 8/4/2016 EUR/AUD reversed from resistance level 1.4900 Next sell target - 1.4500 EUR/AUD continues to fall strongly inside the minor impulse wave (iii) – which began earlier - when the pair reversed down from the resistance zone lying between the upper daily Bollinger Band and the resistance level 1.4900. The active minor impulse wave (iii) belongs to impulse 3 of the intermediate downward impulse wave (3) form the middle of February. EUR/AUD is expected to fall further in the active impulse waves (iii), 3 and (3) toward the next sell target at the pivotal support level 1.4500 (which reversed earlier impulse waves (iii), 1 and (i) in May, April and June, as can be seen below). More: https://new.fxbazooka.com/analytics/9924 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 EUR/CAD reversed from resistance zone 8/4/2016 EUR/CAD reversed from resistance zone Next sell target - 1.4400 EUR/CAD continues to fall after the earlier downward reversal from the resistance zone lying between the resistance level 1.4730 (which has been reversing the price from the middle of May), the upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from the start of April. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing. EUR/CAD is likely to fall further toward the next sell target at the support level 1.4400 – the breakout of which can lead to further losses toward the next support level 1.4280. More: https://new.fxbazooka.com/analytics/9925 Quote
riki143 Posted August 4, 2016 Posted August 4, 2016 Key option levels: August 4 8/4/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 16 208 ↑ + 50 131 ↑ Closest resistance levels 1.1176; 1.1198; 1.1223; 1.1259 Closest support levels 1.1119; 1.1084; 1.1041; 1.0995 Trading recommendations Baseline scenario Sell pair below 1.1119, with target points at 1.1084 and 1.1041 Alternative scenario Moving above 1.1176 can be considered as a signal to buy the pair, with target at 1.1198 and 1.1223 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 3 991 ↑ + 1 280 ↑ Closest resistance levels 101.45; 101.77; 102.18; 102.64 Closest support levels 100.74; 100.54; 100.26; 99.88 Trading recommendations Baseline scenario Long USD/JPY above 101.45, with the target points at 101.77 and 102.18 Alternative scenario Moving below 100.74 can be considered as a signal to sell the pair, with target at 100.54 and 100.26 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 424 ↑ + 614 ↑ Closest resistance levels 1.3091; 1.3122; 1.3179; 1.3254 Closest support levels 1.3055; 1.3026; 1.2972; 1.2900 Trading recommendations Baseline scenario Sell USD/CAD below 1.3055, with the target points at 1.3026 and 1.2972 Alternative scenario Moving above 1.3091 can be considered as a signal to buy the pair, with target at 1.3122 and 1.3179 EUR JPY CAD More: https://new.fxbazooka.com/analytics/9926 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 USD/JPY & US NFP July Release: It's time for greenback's bulls? 8/5/2016 Today at 12:30 GMT will be released the US Non-Farm Employment change, where the markets are expecting a decrease from 287K to 180 for July's reading. However, last month's data was very positive and Wednesday's US ADP data gave some hints that we could see another positive NFP release today. During the week, some Fed's officials have been talking about the good shape that US economy is having nowadays and following a “muted” tone from FOMC minutes, traders will be highly expecting this release. Our technical overview for USD/JPY at H4 chart is calling for further declines, as we have been seeing a bearish consolidation below the 200 SMA, after a failed breakout above that dynamic resistance offered by the moving average. There is a critical support placed around the 100.35 level, where we could expect a breakout only if the US NFP is weaker than expected and eventually it can make new “post-Brexit” lows across the board. The bullish scenario can be calling for a very strong support around the 100.35 level, that could give fresh momentum to the pair in order to rally towards weekly's highs. More: https://new.fxbazooka.com/analytics/9927 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 EUR/USD is stuck in the dead area 8/5/2016 On the daly chart the pair keeps moving in line with scenario we've outlined in the previous article: the recoil down from the upper border of the descending trend channel (painted in red) and the following growth towards 1.1175. If the bulls manage to reach this level and then renew July high, the pair will likely move towards 1.1260 and 1.1340. On the other hand, inability to hold above 1.1114 will show that the buyers are weak. On H1 EUR/USD formed descending trend channel. The nearest support levels are at 1.1114 and 1.1082. Look for resistance near 1.1170 and 1.1235. More: https://new.fxbazooka.com/analytics/9928 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 EUR/USD: bearish wave [iii] going to start soon 8/5/2016 Wave was possible ended yesterday, so there’s time for a local correction. Previously, wave 4 finished in a form of a “Double Three”, so we’ve got a pullback from 4/8 Murrey Math Level (P=200). The main target for wave [ii] is 3/8 Murrey Math Level, which could be a jumping-off point for wave [iii]. As we can see on the one-hour chart, wave (v) of was ended near 4/8 Murrey Math Level. So, the price is likely going to deliver wave [ii] in the short term. If a pullback from 6/8 Murrey Math Level happens afterwards, there’ll be an opportunity to have wave (i). More: https://new.fxbazooka.com/analytics/9929 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 GBP/USD: bears took hold of pound 8/5/2016 On the daily chart GBP/USD came to the lower border of the medium-term consolidation range of 1.3075-1.3494. The break of support will activate AB=CD pattern with target at 1.2870. On H1 the materialization of the models "3 Indians" and "Head and Shoulders" at 161.8% AB=CD target made the pair return inside the 1.3071-1.33 trade channel and settle close to its lower border. The sentiment remains bearish, and the move to 1.316 (23.8%), 1.321 (38.2%), 1.3245 (50%) and 1.328 (61.8%) should be used for opening short positions. More; https://new.fxbazooka.com/analytics/9930 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 EUR/USD: euro hovered above the cloud 8/5/2016 Technical levels: support – 1.1130/40, 1.1105; resistance – 1.1170, 1.1220. Trade recommendations: 1. Sell — 1.1170; SL — 1.1190; TP1 — 1.1105; TP2 – 1.1080. Reason: bullish Ichimoku Cloud, but falling down Senkou Span A; dead cross of Tenkan-sen and Kijun-sen. More: https://new.fxbazooka.com/analytics/9931 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 USD/JPY: bearish mood is active 8/5/2016 Technical levels: support – 100.80; resistance – 101.50, 101.80. Trade recommendations: 1. Sell — 101.50; SL — 101.70; TP1 — 100.60; TP2 — 99.60. Reason: actual dead cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud. More: https://new.fxbazooka.com/analytics/9932 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 EUR/USD: bears dominating after "V-Top" pattern 8/5/2016 There’s a “V-Top” pattern, so the price is trading near the Moving Average lines. Therefore, it’s likely that the market is going to decline towards a support at 1.1083 – 1.1059 in the short term. If we see a pullback from this area, a correction price movement will be on the table, so we should keep an eye on the closest resistance at 1.1222 – 1.1235. The price has faced a support on the 89 Moving Average, so we’ve got a local flat in progress. Under these circumstances, the pair is likely going to get a resistance on the 34 Moving Average during the day. However, if a pullback from this line happens afterwards, there’ll be an opportunity to have a decline towards a support at 1.1145 – 1.1032. More: https://new.fxbazooka.com/analytics/9933 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 GBP/USD: "Triple Top" points to bear's reappearance 8/5/2016 The price was consolidating along a resistance at 1.3339, which ended up by the massive decline. However, bears faced a support at 1.3119, which led to the current local upward movement. So, sellers are likely going to move on. The main intraday target is a support at 1.3015 – 1.2945. Considering a possible pullback from this area, an bullish correction becomes possible later on. We’ve got a “Triple Top” pattern, which led to the yesterday’s dramatically fast downward price movement. Therefore, it’s likely to see a local bullish correction during the day, because there’s a pullback from the nearest support at 1.3116. At the same time, bears are so strong, which makes possible an achievement of the next support at 1.3071 – 1.3017. More: https://new.fxbazooka.com/analytics/9934 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 Key option levels: August 5 8/5/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 11 757 ? + 118 596 ? Closest resistance levels 1.1188; 1.1215; 1.1234; 1.1256 Closest support levels 1.1103; 1.1068; 1.1044; 1.1016 Trading recommendations Baseline scenario Sell EUR/USD below 1.1103, with target points at 1.1068 and 1.1044 Alternative scenario Moving above 1.1188 can be considered as a signal to buy the pair, with target at 1.1215 and 1.1234 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 1 895 ? + 1 287 ? Closest resistance levels 102.03; 102.44; 102.69; 102.99 Closest support levels 100.68; 100.30; 100.11; 99.88 Trading recommendations Baseline scenario Long USD/JPY above 102.03, with the target points at 102.44 and 102.69 Alternative scenario Moving below 100.68 can be considered as a signal to sell the pair, with target at 100.30 and 100.11 EUR JPY More: https://new.fxbazooka.com/analytics/9937 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 EUR/USD: "Engulfing" set up bullish correction 8/5/2016 There’s a “Hammer” at the local low, which has been confirmed enough. So, it’s likely that the price is going to reach the nearest resistance in the short term. If we see a pullback from this level, there’ll be an opportunity to see a decline towards the nearest “Window”. As we can see on the Daily chart, here’s an “Engulfing”, but its confirmation a quite weak. Therefore, the market is likely going to move up and down between the closest support & resistance levels. We've got an “Engulfing” on the 89 Moving Average line, but also there’s an unconfirmed “Harami” at the local low. Therefore, the price is likely going to reach the nearest resistance line, which could reverse the price movement into a bearish direction. More: https://new.fxbazooka.com/analytics/9938 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 USD/JPY: Moving Average waiting for bulls 8/5/2016 There's an “Engulfing” at the local high, so the market is likely going to reach the nearest support line in the short term. As we can see on the Daily chart, the last candles are bearish and there isn’t any reversal pattern so far. Also, here’s “Thrusting Line”, but it hasn’t been confirmed yet, so right after a local correction bears will probably try to break the last low. We've got a “High Wave” on the 34 Moving Average line, which has confirmed enough. Therefore, it’s likely that the pair is going to reach the 34 Moving Average once again during the day. If we see a pullback from this line, there’ll be a chance to see another bearish rally. More: https://new.fxbazooka.com/analytics/9939 Quote
riki143 Posted August 5, 2016 Posted August 5, 2016 GBP/NZD under bearish pressure 8/5/2016 GBP/NZD under bearish pressure Next sell targets - 1.8000 and 1.7750 GBP/NZD has been falling in the last few trading sessions inside the intermediate impulse wave (3), which is the part of the primary downward impulse wave ⑤, which started earlier – when the pair reversed down from the resistance zone lying between the round resistance level 1.9000 and the 38.2% Fibonacci correction of the previous downward impulse from the end of June. GBP/NZD is expected to fall further in the active impulse waves (3) and ⑤ toward the next sell target at the support level 1.8000 – the breakout of which can lead to further losses toward 1.7750 (forecast price for the completion of wave (3)). More: https://new.fxbazooka.com/analytics/9940 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.