riki143 Posted December 17, 2014 Share Posted December 17, 2014 MARKET NEWS Dec. 17: MARKET OVERVIEW GBP/USD: weakened to 1.5715. Britain will release unemployment claims data and the Bank of England’s meeting minutes at 09:30 GMT. USD/JPY: rose back to 117.00 after weakening to 115.60 yesterday. US dollar strengthened before the Fed announces the results of its meeting today. AUD/USD has finally broken below the 0.8200 and reached 0.8150 in the Asian trade. There was no particular news for that, market focus on the negative factors has intensified. NZD/USD under pressure around 0.7730. RBNZ said the kiwi rate remains “unjustifiable, unsustainable”. More: http://fxbazooka.com/en/news/show/2106 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 17, 2014 Share Posted December 17, 2014 MARKET NEWS 17 December 2014 Key option levels 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: 1.2400 (EUR 750m), 1.2500 (EUR 2bln), 1.2575 (EUR 1.1bln), 1.2600 (EUR 1.3bln); GBP/USD: 1.5630; USD/JPY: 115.00 (USD 500m), 116.25/30 (USD 440m), 116.50 (USD 1.6bln), 116.75 (USD 410m), 117.00 (USD 603m), 117.20 (USD 560m), 118.25 (USD 1.4bln), 119.50 (USD 4.8bln); USD/CHF: 0.9390 (USD550m), 0.9500; USD/CAD: 1.1400 (USD 1bln), 1.1600 (USD 1.5bln); AUD/USD: 0.8300 (AUD 265m); EUR/GBP: 0.7800, 0.7975. More: http://fxbazooka.com/en/news/show/2107 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 17, 2014 Share Posted December 17, 2014 Forex Analytics Danske Bank: trade signals for Dec. 17 Trade ideas:* EUR/USD: Hold LONG from 1.2370, Take Profit 1.2602, Stop Loss 1.2335 EUR/GBP: Hold SHORT from 0.7919, Take Profit 0.7767, Stop Loss 0.7989 AUD/USD: Hold SHORT from 0.8566, Take Profit 0.8083, Stop Loss 0.8309 USD/CAD: Hold LONG from 1.1435, Take Profit 1.1680, Stop Loss 1.1530 EUR/CHF: Hold SHORT from 1.2032, Take Profit 1.1971, Stop Loss 1.2050 Open positions: EUR/CAD: BUY at 1.4415, Take Profit 1.4735, Stop Loss 1.4350 USD/JPY: Possibly SELL GBP/USD: Possibly SELL USD/CHF: Possibly SELL NZD/USD: Possibly SELL GBP/JPY: Possibly SELL EUR/JPY: Possibly SELL on rallies __________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/3099 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 18, 2014 Share Posted December 18, 2014 MARKET NEWS Dec. 18: MARKET OVERVIEW USD: remains on strong positions after yesterday’s advance versus the major currencies. The Fed is expected to raise interest rates next year after removing a pledge to keep them low for a “considerable time.” EUR/USD: is trading in the 1.2340 area after falling by more than 160 pips on Wednesday. German Ifo Business Climate is due at 09:00 GMT (forecast: 105.6). Today is the first day of the EU economic summit. GBP/USD: is trading below 1.5600. Britain will release retail sales at 09:30 GMT (forecast: +0.3%). USD/JPY: recovered to the levels just below 119.00. AUD/USD: recovered a bit from a 4 1/2-year low just above 0.8100 hit yesterday as a gain in Asian stocks spurred demand for higher-yielding assets. NZD/USD: managed to return back above 0.7700 as New Zealand’s GDP came out higher than expected (+1.0% vs. forecast of +0.7%). More: http://fxbazooka.com/en/news/show/2112 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 18, 2014 Share Posted December 18, 2014 MARKET NEWS 18 December 2014 Key option levels 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: 1.2300 (EUR 2.7bln), 1.2400 (EUR 2bln), 1.2430 (EUR 500m), 1.2450 (EUR 572m), 1.2500 (EUR 866m), 1.2500/05 (EUR 1.3bln), 1.2525 (EUR 1bln), 1.2600 (1.7bln); USD/JPY: 116.50 (USD 1bln), 117.00 (USD 1.2bln), 117.65 (USD 1.5bln), 117.85/118.00 (USD 1.8bln); NZD/USD: 0.7720 (NZD 250m); EUR/CHF: 1.2010 (EUR 350m); EUR/GBP: 0.7850 (EUR 770m), 0.7905 (EUR 400m); EUR/JPY:147.50 (EUR 750m). More: http://fxbazooka.com/en/news/show/2113 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 19, 2014 Share Posted December 19, 2014 Forex Analytics Forex trading plan for Dec. 19 The FOMC meeting: a small step towards the rate hike, but it all depends on inflation. EUR/USD approaches the 2014 lows on the increased Fed hike expectations. Friday’s focus will be on the GfK German Consumer Climate (7:00 GMT). USD/CHF, EUR/CHF: Swiss franc fell as the SNB introduced negative interest rates. USD/JPY: recovered from support, next stop – the Bank of Japan’s meeting. GBP/USD: tested 1.5540, but remains range bound. Commodity currencies recover versus the USD amid improved risk appetite. More: http://fxbazooka.com/en/analitycs/show/3122 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 19, 2014 Share Posted December 19, 2014 MARKET NEWS Dec. 19: MARKET OVERVIEW Risk sentiment has improved by the end of the week: Asian stocks showed good gains following growth on Wall Street on the relief that the Fed isn’t in a hurry to withdraw stimulus from the US economy. Stocks gained even despite oil stayed under pressure (Brent inched up 11 cents to $59.38 having lost over a $1.00 on Thursday). This means that investors are starting to see the positive sides in lower fuel costs. Japanese Nikkei climbed 2.0%, while Australia’s main index went up by 2.1%. USD/JPY rose to 119.40: as the Bank of Japan maintained unprecedented stimulus. The BOJ offered a brighter view of the economy in a sign of confidence Japan can weather global market turbulence. EUR/USD consolidates at 1.2280, slightly above the 2014 lows. Watch the GfK German Consumer Climate at 7:00 GMT. AUD/USD remains supported at 0.8170, NZD/USD – at 0.7780. December ANZ Business Confidence above the forecast (31.5 vs. 30.4 expected). More: http://fxbazooka.com/en/news/show/2116 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 19, 2014 Share Posted December 19, 2014 Forex Analytics EURUSD: weekly review (19/12) Tatiana Norkina analyst FBS Daily. Last week the pair recovered to the lower border of Ichimoku cloud. But the bulls run out of power and the end of the week the pair was again in the negative area. Bears do not unloose the grip, continuing major downtrend. At the same time, oscillators are growing and forming the divergence. In addition to this, the attention should be paid to Tenkan and Kijun lines that narrowed the range of the channel to the maximum. It is possible that after lows testing at the beginning of December, one will see the growth of the pair to the 34th figure. Graph. Daily EUR / USD H4. At the four-hour timeframe the trading moved into the negative zone below Ichimoku Cloud again. Here the indicator lines rebuilt and support the bears now. Therefore the dead cross was formed, and the cloud was descending, these facts can be taken as a confirmation of the downtrend continuation in the near future. Graph. H4 EUR / USD More: http://fxbazooka.com/en/analitycs/show/3134 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 19, 2014 Share Posted December 19, 2014 Forex Analytics GBPUSD: weekly review (19/12) Tatiana Norkina analyst FBS Daily. The currency pair has continued to consolidate in the range of 1.5550-1.5800 more than a month. GBP/USD tested its upper bound last week, but it stumbled on resistance Kijun-sen line, and then jumped again to the bottom. Ichimoku indicator is expected for the declining in the rate. When the pair is attached under Tenkan and Kijun lines near 1.5650 / 80, one will wait for the resumption of the downtrend. Otherwise, attempts to restore the market to the lower boundary of the cloud are possible, but the probability of such scenario is quite low. Graph. Daily GBP / USD H4. At the four-hour time frame the currency pair was fixed under the cloud at the end of the week. Moreover, the bulls are unable to break the resistance of the horizontal Kijun-sen in the area of 1.5650 / 80. Tenkan and Kijun lines formed a dead cross which became a signal for new sales of the pair. The cloud is also expanding down, strengthening the bearish disposition. Graph. H4 GBP / USD More: http://fxbazooka.com/en/analitycs/show/3136 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 19, 2014 Share Posted December 19, 2014 Forex Analytics USDJPY: weekly review (19/12) Tatiana Norkina, an analyst FBS Daily. The situation on the currency pair can be described as the development of correction at the moment. Last week the pair went under the support of Tenkan and Kijun lines, fixing December lows at 115.50. But in the second half of the week the bulls managed to restore the pair to the 119th figure, breaking the resistance of the lines. Securing of these levels would mean a speedy resumption of the uptrend. Otherwise, the correction may have a better sequel to test the level of the cloud top. Graph. Daily USD / JPY H4. On four – hour graphs the trading was below Ichimoku Cloud. But pretty soon the bulls managed to return prices to the lower boundary, and break the resistance level of the strongest indicator lines by the end of the week. Tenkan-Sen and Kijun-sen formed a golden cross, supporting the bullish determination. Oscillators also moved into positive territory, showing that bulls took a tack at least at 120.70. Graph. H4 USD / JPY More: http://fxbazooka.com/en/analitycs/show/3139 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 19, 2014 Share Posted December 19, 2014 Forex Analytics USDCHF: weekly review (19/12) Tatiana Norkina, an analyst FBS Daily. Bulls managed to resume the uptrend, using the support of the upper limit of the daily Ichimoku cloud. At the beginning of the week one could see a gradual depreciation of Senkou Span A. However, immediately after the level testing, the rate of the currency pair was soared to new highs above the 98th figure. As a result, Ichimoku indicator kept a positive attitude, leaving the active gold cross and expanding cloud up. Obviously, the bullish trend will be relevant in the near future. Graph. Daily USD / CHF H4. At the same time, the pair was quite overbought on the four-hour graphs - Chinkou line entered in the appropriate zone, threatening corrective depreciation at the beginning of the coming week. Ichimoku indicator is quite optimistic: the gold cross is active, the cloud is bullish and continues to grow up. Oscillators also emerged from the bearish area and focus on the "North". Graph. H4 USD / CHF More: http://fxbazooka.com/en/analitycs/show/3137 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 22, 2014 Share Posted December 22, 2014 MARKET NEWS Dec. 22: MARKET OVERVIEW Risk sentiment in this holiday-shortened week is rather good. MSCI’s broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1%. Australian shares surged 1.6%. Japan’s Nikkei stock average erased early gains and was flat ahead of a Japanese public holiday on Tuesday. EUR/USD has recovered from the Friday’s low of 1.2210 to 1.2250. Euro zone is scheduled to release second-tire economic data today: German Import Prices and Consumer Confidence. This week the market will be focused on the Greek presidential election on Dec. 23 and 29. Greek President announced his readiness for consessions if the President will be elected in 2014. AUD/USD returned to 0.8170 in Asia. The 0.8100 mark remains highly supportive. GBP/USD rose a bit to 1.5650. USD/JPY is trading in the 119.50 area after 3 days of growth. More: http://fxbazooka.com/en/news/show/2119 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2014 Share Posted December 23, 2014 MARKET NEWS Dec. 23: MARKET OVERVIEW EUR/USD consolidates at 1.2230, holding above the 2.5 year low of 1.2215. ECB easing expectations leave euro under pressure. Euro zone will release French consumer spending data at 8:45 GMT. USD/JPY rose to a fresh 2-week high above 120.00: It’s a bank holiday in Japan, so the liquidity volume was lower than usually. Us dollar was helped by a record-closing high on Wall Street. AUD/USD is testing the 0.8100 mark to the downside. Watch the US economic figures later in the day: final Q3 GDP (forecast: upbeat), November durable goods orders, home prices and inflation. More: http://fxbazooka.com/en/news/show/2121 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 23, 2014 Share Posted December 23, 2014 MARKET NEWS 23 December 2014 Key option levels 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: 1.2150, 1.2200 (large), 1.2230 (USD 665m), 1.2300 (USD 1.4bln), 1.2320 (EUR 715m), 1.2350; GBP/USD: 1.5600 (GBP 1.3bln); USD/JPY: 119.50 (USD 300m), 120.00 (USD 528m), 121.00 (USD555m); USD/CHF: 0.9800 (USD 800m); USD/CAD: 1.1545 (USD 557m); AUD/USD: 0.8250 (AUD 1.5bln); NZD/USD: 0.7800 (NZD 1.9bln); EUR/GBP: 0.7850, 0.7920. More: http://fxbazooka.com/en/news/show/2123 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 29, 2014 Share Posted December 29, 2014 MARKET NEWS Dec. 29: MARKET OVERVIEW FXBAZOOKA.com - EUR/USD consolidates slightly above the Friday's multi-month low of 1.2167. Investors await the key presidential vote in Greece that could trigger early parliamentary election if failed. The vote begins at 10:00 GMT, with the result likely around an hour later. Meanwhile, Jens Weidmann, a member of the European Central Bank's Governing Council and the president of Germany's Bundesbank, told a newspaper on Sunday that growth in Germany might be better than expected in the year 2015, and that the situation in Europe is not as bad as many people think. USD/JPY holds a bit below the recent 2-week high of 120.83. Japan's Prime Minister Shinzo Abe approved plans for a massive stimulus package worth of 3.5 trillion yen ($29 billion) in order to boost consumer spending and regional economic activity, trying to revive the economy. This week the final US data reports of the year will be in focus, including CB consumer confidence index on Tuesday and weekly jobless claims on Wednesday. More: http://www.fxbazooka.com/en/news/show/2129 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 29, 2014 Share Posted December 29, 2014 Forex Analytics 29 December 2014 EUR / USD: weekly wave analysis Author: Roman Petukhov Weekly. The market continues building the final part of a convergent horizontal triangle, forming a downward zigzag [E]. Let’s take a thorough look at its layout. Daily. We can see the layout of the zigzag [E]. The final downward impulse [v] of 5 of © of [E] is formed currently. When it is completed, the trend would unfold. H4. It’s most likely that this week we will see the formation of a small horizontal correction (iv), after the end of which the decline will continue for another 30-50 points in the wave (v). The trend will unfold after that and will begin an upward correction or impulse reduction. Thus, it’s recommended to trade cautiously in the turning point. More: http://fxbazooka.com/en/analitycs/show/3192 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 29, 2014 Share Posted December 29, 2014 Forex Analytics 29 December 2014 USD/JPY: weekly wave analysis by Roman Petukhov Daily. Construction of a long-lasting and powerful uptrend V, the formation of which started after the end of triangle IV, is in progress. H12. The chart contains the layout of wave V ending. We see that the last upward impulse (5) of [5] of V is being formed. Let us consider its internal structure to determine the trend potential for the upcoming week. H4. Within wave (5), we can observe construction of a corrective wave 4, which is taking the form of an extended horizontal correction. When wave 4 is fully complete, which is to happen within the first few trading days of the new week, the price growth will continue up to the previous high level, as indicated on the chart. More: http://fxbazooka.com/en/analitycs/show/3194 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 30, 2014 Share Posted December 30, 2014 Forex Analytics 30 December 2014 Oil market: where is the bottom? Kira Iukhtenko The dramatic decline in oil prices has become the most important topic of the year 2014. Unexpected increase in oil production and weakened global demand halved the price from $115 to $60 per barrel in 6 months. Is this trend positive or negative for the global economy? As a rule of thumb, oil shocks often help the world economy to reload. For instance, the oil price crash in the year 1986 helped the economic growth to accelerate to 4.6% in the year 1988. 2008 oil depreciation also acted as a good support for the economy. According to the Oxford economics survey, every 20% price drop pushes global growth by 0.4% over the next 2-3 years. As a result, low prices could help to offset forecasted slowdown of the global economic growth in the coming years. Cheap energy: what does it mean for the world economy? Impact on the global economy clearly won’t be homogeneous. Oil-consuming countries dependent on imports will benefit from cheap energy. Most notably, these are the developing countries with high inflation (India, Indonesia). China - the largest oil consumer – will also feel the positive effect from the current price turmoil. United States still remain a net oil importer ($200 billion net imports in July 2013 – July 2014) and will also stay in profit. The current price setup clearly hurts the shale oil producers. However, Goldman Sachs is convinced: it will cost less than 0.1% of GDP for the US economy. Japan and euro area also enjoy cheap resources. However, this sword cuts both ways: low prices complicate the governmental fight with disinflationary pressures. With an average price of $60 dollar per barrel inflation will fall below zero in 13 euro area countries in the year 2015. Meanwhile, economic prospects of the oil-exporting countries remain gloomy. The countries which failed to save and invest the enormous oil incomes they had over the past decade will likely suffer – Venezuela, Iran, and Russia. Saudi Arabia’s economic policy proved to be wiser: in the high prices era the government managed to build large sovereign wealth funds which will act as a safe airbag in the new reality. Fun fact: 10 largest oil exporting countries account for 6.5% of the global GDP, while 10 largest oil importers including Europe, USA and China, account for 65% of the global GDP. Positive effect is clearly dominating on the global balance pan. Source: WSJ 2015 price outlook Where is the bottom for the oil price? Given the Saudi’s clear unwillingness to lower output, we see prospects for more downside to come in the first half of the year 2015 – at least until the next OPEC meeting in summer. In the coming months we could see new dips towards $40 or even $20 dollars per barrel – this is how the economic wars are done. However, let’s try to be not too pessimistic. Recovery back above $100 per barrel seems to be unlikely, but in the first half of the year we could see prices back around $70-80 per barrel. Rich Persian Gulf countries can’t leave prices under pressure for too long – that could lead to social unrest in the region. These players will be forced to soften their positions or we’ll see new “Arab springs” in the very near future. One way or another, but the price will finally be lifted. More: http://fxbazooka.com/en/analitycs/show/3212 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 30, 2014 Share Posted December 30, 2014 Forex Analytics 30 December 2014 EUR/JPY: weekly wave analysis Weekly. There continues development of the global upward zigzag which is indicated in the picture. Currently the end of an impulse is being formed [a]. Let’s observe the layout of the site in a more detailed way. Daily. We have seen the development of a harmonic rising pulse, which looks totally complete (V) after the end of foundation of the complex correctional wave (IV). We see the development of a new descending wave in the last section. Let’s observe its structure in chart H4. H4. Market forms a downward double zigzag [w] - [x] - [y]. We saw the beginning of the prices’ fall in the new downward zigzag [y] immediately after the completion of construction of the correctional wave [x]. This week the continuation of the descending wave is expected as it is shown in the picture. More: http://fxbazooka.com/en/analitycs/show/3206 Quote Link to comment Share on other sites More sharing options...
riki143 Posted December 30, 2014 Share Posted December 30, 2014 Forex Analytics 30 December 2014 Gold: weekly wave analysis Weekly. There continues development of the global correctional wave [4], which takes the form of a simple Zigzag. Currently, the end of the zigzag is being formed. Let’s observe the layout of the last section in a more detailed way. Daily. We saw the development of a new downward impulse V after the complete foundation of a convergent horizontal Triangle IV. Currently, there is a formation of complex correctional wave [4], after the end of which the market decline in the pulse [5] will continue. Let’s observe the layout of the wave [4]. H4.It seems that the wave [4] takes a form not of a double but of triple zigzag, as it was originally intended. This week the formation of a correctional wave ligament (x) will be completed and then the market will begin the construction of a new upward wave (z), an approximate structure of which is shown in the picture. Thus, the market will still be hold in the correction zone for a few weeks [4]. http://fxbazooka.com/en/analitycs/show/3205 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 2, 2015 Share Posted January 2, 2015 Forex Analytics Currency outlook for 2015 What to expect from the currency market in the coming year? FX BAZOOKA analysts make projections. More: http://fxbazooka.com/en/analitycs/show/3213 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2015 Share Posted January 12, 2015 MARKET NEWS 12 January 2015 Key option levels 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: 1.1900 (EUR 931m); USD/JPY:119.65 (USD 570m), 120.00 (USD 2.65bln); USD/CAD: 1.1750 (USD 363m); AUD/JPY: 95.75 (AUD 332m). More: http://www.fxbazooka.com/en/news/show/2135 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2015 Share Posted January 12, 2015 MARKET NEWS Jan. 12: MARKET OVERVIEW US dollar slipped versus its counterparts because of concerns that the US labor market is too weak for the Federal Reserve to start raising interest rates. NFP data released on Friday showed that American economy added 252K jobs in Dec. (vs. 241K expected). However, average hourly earnings fell by the most since 2006 – this decline is the source of the market’s concerns. EUR/USD touched a 9-year low at 1.1754 last week and is trading in the 1.1870 zone. EUR/JPY fell to the lowest level since October in the 140.00 area. The market players expect the European Central Bank to unveil some quantitative easing measures at a Jan. 22 policy meeting. USD/JPY has slid to the levels just above 118.00. It’s a bank holiday in Japan today. In commodity markets, oil prices remained under pressure having hit their lowest since April 2009. Brent was quoted down 83 cents at $49.28 a barrel, after touching a trough of $48.90 on Friday. US crude lost 79 cents to $47.57 a barrel. The drop in the dollar helped gold rise to its highest in a month around $1.230 an ounce. AUD/USD rose to 0.8255 and is 2.5% higher than the 5 1/2-year low just above 0.8030 touched on Jan. 7. More: http://www.fxbazooka.com/en/news/show/2134 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2015 Share Posted January 12, 2015 Forex Analytics EUR/USD: wave analysis for Jan. 12-16 Weekly. The pair markup was changed as the pair continued declining. Most likely, we’ll see the development of a global wave plane B, within which EUR/USD is building bearish impulse [C] of B. Consider the layout of this wave. Daily. The wave [C] is a classic 5-wave model, within which at the moment EUR/USD is developing the descending impulse (5) of [C]. Most likely, the drop in prices will continue this week. H4. Detailed markup shows that a small correctional wave 4 of (5) has started to unfold. It’s very likely that the wave 4 will take form of sideways trend, but when it’s complete, the movement of the bears down will continue, as indicated at the picture. More: http://fxbazooka.com/en/analitycs/show/3224 Quote Link to comment Share on other sites More sharing options...
riki143 Posted January 12, 2015 Share Posted January 12, 2015 Forex Analytics AUD/USD: wave analysis for Jan. 12-18 Weekly. The marketcontinues to form the globaldownwardcorrectional wave,which is atriplezigzag. AUD/USD is currently developing a final zigzag (z). Daily. Impulse A looks fully formed. Construction of the correctional wave B has just started, so you should be careful to trade at this sector, as the form of the new wave isn’t clear yet. H4. This week we can see either continuation of growth or a flat. We recommend refraining from trading decisions until the form of the wave B becomes clear. More: http://fxbazooka.com/en/analitycs/show/3227 Quote Link to comment Share on other sites More sharing options...
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