riki143 Posted September 6, 2015 Posted September 6, 2015 Forex Analytics US Dollar: forecast for September 7-13 Kira Iukhtenko US labor market data came out mixed on Friday. Non-farm payrolls rose by 173K in August (below the forecast). However, jobless rate declined to the lowest in 7 years and the average hourly earnings increased. Overall, the employment data didn’t hurt the positive image of the US economic dynamics. On the new week, we expect the US Dollar to extend the upside gradually. Next bullish targets for the USD index lie at 97 and 98.50 points. We still remain long on the greenback versus the commodity block currencies. Economic calendar for the new week is rather light. On Monday, the US markets will be closed due to the Labor Day. On Thursday, we’ll watch the unemployment claims, while on Friday the market will focus on PPI. Investors are gradually positioning ahead of the Fed’s September 17 meeting. More: http://fxbazooka.com/en/analitycs/show/6324 Quote
riki143 Posted September 7, 2015 Posted September 7, 2015 Forex Analytics EUR/USD: weekly wave analysis 7 September 2015 Roman Petuchov Daily. Bearish trend [C] is now being developped. Complex corrective wave (4) has been finished recently. We're now declining in a new bearish impulse (5). Price decline in this wave will likely continue in the coming weeks. H4. Correction [2] could be accomplished on the past week. On the new week we expect the bearish move to the South to be extended. More: http://fxbazooka.com/en/analitycs/show/6336 Quote
riki143 Posted September 7, 2015 Posted September 7, 2015 Forex Analytics AUD/USD: weekly wave analysis 7 September 2015 Roman Petuchov Daily. The price keeps on declining in a final part of an impulse A. Wave (5) of [5] of A is now being formed. Let's see the markup in the details. H4. On the past week we've seen a new 5-wave construction 5 being formed. It will likely be finished on Monday or on Tuesday. More: http://fxbazooka.com/en/analitycs/show/6339 Quote
riki143 Posted September 7, 2015 Posted September 7, 2015 Forex Analytics USD/JPY: weekly wave analysis 7 September 2015 Roman Petuchov Daily. The market is now trading in the final part of the long-term bullish trend. Correction (IV) has been accomplished. After that the price growth continued. Let's see the chart in the details. H4. We are now observing the final part of the wave 2 being formed. At the beginning of the new week we expect the price to jump in an impulse wave 3. More: http://fxbazooka.com/en/analitycs/show/6338 Quote
riki143 Posted September 8, 2015 Posted September 8, 2015 Forex Analytics AUD/USD: weekly wave analysis Roman Petuchov Daily. The price keeps on declining in a final part of an impulse A. Wave (5) of [5] of A is now being formed. Let's see the markup in the details. H4. On the past week we've seen a new 5-wave construction 5 being formed. It will likely be finished on Monday or on Tuesday. More: http://fxbazooka.com/en/analitycs/show/6339 Quote
riki143 Posted September 8, 2015 Posted September 8, 2015 Forex Analytics Forex trading plan for September 8 By Elizabeth Belugina Early on Tuesday China will release August trade balance data, and we’ll find out whether weaker yuan has managed to improve the nation's exports. There’s no specific time of the release, so beware of increased volatility during the Asian session. Another important release in the morning will be Australian NAB business confidence index due at 01:30 GMT. AUD/USD touched levels below 0.6900 on Monday. Support is at 0.6900, 0.6855 (April 2009 low) and 0.6800. Resistance is at 0.7000, 0.7065 and 0.7100. US labor market data released on Friday keeps the door open for the Federal Reserve’s rate hike on September 17. Still, there are plenty of risks for American economy and market can only guess what the Fed decides. There are no important releases scheduled on Tuesday in Europe and the Unites States, so traders will continue analyzing monetary policy outlook for the Fed and the ECB. This should keep EUR/USD capped by 1.1270/1300. In the past session, the pair found some support in the 1.1090/1.1120 area. The euro’s ability to stay above this area will depend on figures from China: improvement in data may get the single currency down. Next support is at 1.1015/00. GBP/USD found support in the 1.5170 zone and recovered towards 1.5280 without distinctive fundamental drivers. Daily сlose above 1.5272 will open the way to 1.5330/55 (200-day MA) area which should provide resistance. On the downside, support lies at 1.5164 (Friday low) and 1.5088 (May lows). USD/JPY has resistance at 119.60 and 120.70. Below this last level, the pair will stay in short-term downtrend. On the downside, we focus on 118.60 and 118.30. Dynamics in the coming session will depend on the market’s risk sentiment and, consequently, Chinese statistics. In addition, watch the release of Japanese current account data early on Tuesday. The higher the surplus, the more negative it will be for USD/JPY. More: http://fxbazooka.com/en/analitycs/show/6349 Quote
riki143 Posted September 8, 2015 Posted September 8, 2015 Forex Analytics Danske Bank: trade signals for September 8 Open positions*: EUR/USD: Hold SHORT at 1.1175, TAKE PROFIT 1.1017, STOP LOSS 1.1252 USD/JPY: Hold SHORT at 121.15, TAKE PROFIT 118.26, STOP LOSS 120.80 (revised) USD/CHF: Hold LONG at 0.9580, TAKE PROFIT 0.9799, STOP LOSS 0.9565 AUD/USD: Hold SHORT at 0.7215, TAKE PROFIT 0.6771, STOP LOSS 0.7099 USD/CAD: Hold LONG at 1.3185, TAKE PROFIT 1.3384, STOP LOSS 1.3100 EUR/GBP: Hold LONG at 0.7300, TAKE PROFIT 0.7483, STOP LOSS 0.7240 EUR/CAD: Hold SHORT at 1.4840, TAKE PROFIT 1.4387, STOP LOSS 1.5010 GBP/JPY: Hold SHORT at 183.35, TAKE PROFIT 178.48, STOP LOSS 184.85 NZD/USD: Hold SHORT at 0.6405, TAKE PROFIT 0.6092, STOP LOSS 0.6420 Trade ideas: EUR/JPY: SELL at 133.55, TAKE PROFIT 131.31, STOP LOSS 134.72 GBP/USD: SELL at 1.5329, TAKE PROFIT 1.5089, STOP LOSS 1.5449 EUR/CHF: BUY at 1.0820, TAKE PROFIT 1.1040, STOP LOSS 1.0709 ___________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6355 Quote
riki143 Posted September 9, 2015 Posted September 9, 2015 Forex Analytics Forex trading plan for September 9 By Elizaveta Belugina EUR/USD spiked to 1.1229 on the disappointing Chinese imports data, but then fell to 1.1160. The euro wasn’t impressed by the upward revision of the euro area’s Q2 GDP growth from 0.3% to 0.4%. We stick to the view that the pair should be sold on the upside. The focus is on the support area of 1.1120 and 1.1090 ahead of 1.1015. Resistance is at 1.1265 (200-day MA). GBP/USD rose to 1.5400 where it found some resistance. Pay attention to the UK manufacturing production and trade balance due at 08:30 GMT. Traders will be looking forwards to the Bank of England’s meeting on Thursday, the expectation will likely be negative. Further resistance is at 1.5425 (August 7 low) and 1.5500 (100-day MA). Support is at 1.5330, 1.5290 and 1.5250. USD/JPY went up and tested levels above 120.00 as the market’s risk sentiment improved encouraged by gains in European stocks. The key resistance is located in the 120.70 area: the short-term bearish trend will prevail until USD/JPY breaks higher. Support is at 119.60 and 119.00. AUD/USD corrected up to 0.6980. During the Asian session on Wednesday Australia will release Westpac consumer sentiment index and home loans indicator. In addition, pay attention to the speeches of the Reserve Bank of Australia’s Lowe and Debelle. Resistance is at 0.7100 and 0.7180. Support is at 0.6950 and 0.6900. USD/CAD slid from 1.3300 to 1.3200. The results of the Bank of Canada’s meeting will be announced at 14:00 GMT. The recent data from Canada were rather well. Still, the Bank of Canada may express concerns about the low oil prices. Buying on the dips to 0.7170/30 seems like a good idea, though there’s a bunch of resistance levels in the 1.3300/30 area. More: http://fxbazooka.com/en/analitycs/show/6364 Quote
riki143 Posted September 9, 2015 Posted September 9, 2015 Forex Analytics Pound trading within cloud 9 September 2015 Tatiana Norkina, FBS analyst The GBP/USD currency pair rate has recovered significantly within the last two trading sessions. The pair found support in the 52nd figure area and then began to recover rapidly within the correctional movement. The short-term bullish sentiment of the market participants was supported by the Tenkan and Kijun lines yesterday that had formed a golden cross. It was immediately followed by a break through the four-hour Ichimoku cloud lower border resistance, which bounds us to speak about the pair's further consolidation within a fairly wide price range of 1.5300-1.5500. It obviously makes sense to wait for the prices to pull back to the Tenkan and Kijun lines in the near future and to be on the bulls' side up until the Ichimoku cloud upper border. Technical levels: support – 1.5300; resistance1 – 1.5480. Trade recommendations: 1. Buy — 1.5300; SL — 1.5280; TP1 — 1.5400; TP2 — 1.5480. More: http://fxbazooka.com/en/analitycs/show/6366 Quote
riki143 Posted September 9, 2015 Posted September 9, 2015 Forex Analytics EUR/NZD: sell target - 1.7300 9 September 2015 By: Dmitriy Chernovolov -EUR/NZD reached buy target 1.7750 -Next sell target - 1.7300 EUR/NZD recently reversed down sharply after the price reached the resistance level 1.7750, which was set as the buy target in our previous forecast for this currency pair. After initially reversing down from this resistance level the pair made two unsuccessful attempts to break above 1.7750 – forming two consecutive Japanese candlestick reversal patterns Bearish Engulfing (as you can see below). EUR/NZD is likely to fall further inside the active minor impulse wave 3 toward the next support level 1.7300 (which reversed the price with the daily Morning Star at the end of August). More: http://fxbazooka.com/en/analitycs/show/6371 Quote
riki143 Posted September 9, 2015 Posted September 9, 2015 Forex Analytics EUR/GBP: sell target - 0.7200 9 September 2015 By: Dmitriy Chernovolov -EUR/GBP falls inside intermediate impulse wave (3) -Next sell target - 0.7200 EUR/GBP continues to fall after the price earlier reversed down strongly from the resistance zone lying between the resistance level 0.7400 (which stopped the previous primary ABC correction ②), the upper daily Bollinger Band and the 38.2% Fibonacci Correction of the previous downward impulse wave from last October. The downward reversal from this resistance zone completed the latest intermediate correction (2). EUR/GBP is likely to fall further in the active impulse wave (3) toward the next sell target at the support level 0.7200 (former resistance level which reversed the previous wave (4) in July). Strong resistance remains at 0.7400. More: http://fxbazooka.com/en/analitycs/show/6370 Quote
riki143 Posted September 10, 2015 Posted September 10, 2015 Forex Analytics Forex trading plan for September 10 By Elizaveta Belugina EUR/USD slid to 1.1130. Support is at 1.1125 and 1.1090. Decline below these levels will confirm a temporary top and open the way for a fall to 1.1015/00. Early on Thursday the pair’s dynamics will depend on the market’s risk sentiment as China will release inflation figures. US will publish unemployment claims at 12:30 GMT. Trading is expected to be volatile. The upside for the euro will likely be limited. GBP/USD met resistance at 1.5400. The bears are trying to pull the pound below the 200-day MA at 1.5353. Britain released a bunch of dismal economic data on Wednesday: manufacturing production contracted in August, while trade deficit widened. On Thursday, traders will be focused on the Bank of England’s meeting and minutes at 11:00 GMT. Markets will be expecting dovish comments from British central bank. Such expectations will be negative for GBP/USD. USD/JPY is testing resistance in the 121.00 area. The pair rose above September 3 high of 120.70 that is a bullish development. Above 121.00 the next resistance will be at 121.70 and 122.00. Support is at 120.20 and 119.60. AUD/USD keeps correcting to the upside. Positive comments from RBA Deputy Governor Lowe overshadowed decline in consumer sentiment. Above 0.7070 Aussie may be able to rise to 0.7180/0.7200. Support is at 0.7015 and 0.6980. Traders await Chinese inflation & Australian employment data due at 01:30 GMT on Thursday. NZD/USD rose above 0.6400. The Reserve Bank of New Zealand is expected to cut the benchmark rate from 3% to 2.75%. Such action of the central bank is already priced in NZD/USD, so for a considerable decline of the pair something really negative should happen. Resistance is at 0.6500 and 0.6580. Support is at 0.6315/00. More: http://fxbazooka.com/en/analitycs/show/6375 Quote
riki143 Posted September 10, 2015 Posted September 10, 2015 Forex Analytics AUD/NZD: buy target - 1.1250 10 September 2015 By: Dmitriy Chernovolov -AUD/NZD reversed from pivotal support level 1.0940 -Next buy target - 1.1250 AUD/NZD recently reversed up sharply from the pivotal support level 1.0940 (which reversed earlier waves A, ( and (i), as you can see from the daily AUD/NZD chart below). The support zone near this support level was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci Correction of the previous sharp upward impulse wave from April. The pair is likely to rise further in the active minor corrective wave (ii) toward the next buy target at the resistance level 1.1250 (which reversed the price at the end of August). Strong support remains at 1.0940. More: http://fxbazooka.com/en/analitycs/show/6383 Quote
riki143 Posted September 11, 2015 Posted September 11, 2015 Forex Analytics Trading plan for September 11 Kira Iukhtenko US Dollar remains under slight bearish pressure as investors doubt the Fed will dare to hike interest rates in September. USD index slipped below 96 points. On Friday we’ll be watching the US PPI and consumer sentiment index - both forecasts are downbeat, so selling pressure on USD could persist till the end of the week. EUR/USD jumped far above 1.1200 on Thursday following the last week’s dip to 1.1080. Next resistance is seen at 1.1330. On Friday we’ll watch the final German CPI. EU finance ministers are scheduled to meet in Brussels to discuss the most urgent issues in the regional economy. Meanwhile, GBP/USD surged above 1.5450, supported by a slightly more hawkish Bank of England. Monetary authorities resumed talks about a potential rate hike in the near term and don’t see the crisis in China as a serious obstacle. On Friday the BOE member Forbes is scheduled to speak. Reserve Bank of New Zealand shocked the market on Thursday, cutting its benchmark rate down to 2.75%. NZD/USD lost about 150 points on the news, but found some support around 0.6270. Resistance is seen at 0.6300 and 0.6400. As for AUD/USD, a fix above 0.7050 will pave the ground for a correction to 0.7200/50. More: http://fxbazooka.com/en/analitycs/show/6389 Quote
riki143 Posted September 11, 2015 Posted September 11, 2015 Forex Analytics EUR/CAD: buy target - 1.5200 11 September 2015 By: Dmitriy Chernovolov -EUR/CAD rises inside intermediate correction (2) -Next buy target - 1.5200 EUR/CAD recently reversed down sharply – after the pair reached the buy target 1.5400, set in our previous forecast for this currency pair. The subsequent downward impulse wave (1) stopped in the support zone lying between the support level 1.4650 and the 50% Fibonacci Correction of the previous upward impulse from the end of June (as can be seen from the daily EUR/CAD chart below). The pair is likely to rise further in the active intermediate corrective wave (2) toward the next buy target at the resistance level 1.5200 (target price calculated for the completion of this correction). More: http://fxbazooka.com/en/analitycs/show/6394 Quote
riki143 Posted September 11, 2015 Posted September 11, 2015 Forex Analytics EUR/CHF: buy target - 1.1100 11 September 2015 By: Dmitriy Chernovolov -EUR/CHF reached buy target 1.0950 -Next buy target - 1.1100 EUR/CHF recently broke above the resistance level 1.0950, which was set in our previous report as the buy target for this currency pair. The breakout of this resistance level continues the active minor impulse wave 5, which started earlier in August – when the pair reversed up strongly from the support zone lying between the support level 1.0740, 38.2% Fibonacci Correction of the previous impulse from June and the upper channel line of the daily up channel from April. EUR/CHF is likely to rise further in the active impulse waves 5 and (3) toward the next buy target at the resistance level 1.1100 (target for the termination of wave (3)). More: http://fxbazooka.com/en/analitycs/show/6393 Quote
riki143 Posted September 13, 2015 Posted September 13, 2015 Forex Analytics USD/JPY: forecast for September 14-20 By Elizabeth Belugina Japanese yen has weakened versus the US currency in the past week because of the expectations of the Bank of Japan’s additional monetary policy easing. These expectations revived as the adviser to Japanese premier Shinzo Abe said that the central bank’s October meeting presents a “good opportunity” for further quantitative easing (QE). Such comments hit the markers, which were worried because of the recent weak Japan’s economic figures and the volatility in stocks. For now, the Bank of Japan’s Governor Kuroda stubbornly sticks to the positive view on Japan’s economic prospects underlining that the regulator’s policy is loose enough. Next week we will hear from Kuroda on Tuesday at the Bank of Japan’s press conference and on Thursday when he is due to make a speech. Still, as the comments of Japanese central bank come before the meeting of the US Federal Reserve, we do not think that the position of Japanese regulator may seriously change. So, we believe that the Bank of Japan’s Tuesday meeting will not seriously affect the market. Note that during the most part of the upcoming trading week players will be in the situation of the uncertainty trying to foresee whether the Fed announces a rate hike on Thursday or not. Another source of uncertainty is China, which will publish industrial production data on Sunday, September 13. This uncertainty will limit USD/JPY on the upside. USD/JPY may consolidate in the 120.70/119.00 area ahead of the Fed. On the upside, further resistance lies at 121.70, 122.00 and 122.50. On the downside, further support is at 118.30/00 and in the 116.00 zone. More: http://fxbazooka.com/en/analitycs/show/6398 Quote
riki143 Posted September 15, 2015 Posted September 15, 2015 Forex Analytics EUR/USD: forecast for September 14-20 By Elizabeth Belugina EUR/USD got support from the 100-day MA in the 1.11 zone and managed to creep up to the 1.13 area. In the medium term, the euro area’s fundamentals look weak, and the European Central Bank’s focus on policy easing will keep the euro under pressure. In the short-term, however, one should be cautious with the euro shorts. Even if the US Federal Reserve rates rate in September, euro may hold its ground after the initial decline as the market’s risk sentiment will likely deteriorate supporting demand for the euro as a refuge currency. Next week the focus will surely be on American economic releases. In the euro area, pay attention to German ZEW economic sentiment on Tuesday and the region’s current account data on Thursday. On Sunday, September 20, there will be parliamentary election in Greece. According to the latest polls, no political party is able to gain majority, so Greece will likely face the coalition government, which may be rather difficult to form. The event may create moderate negative risks for the euro. Overall, we prepare for a volatile trading week. The main levels to watch on the downside are 1.1100, 1.1015 and 1.0950. On the upside, resistance is at 1.1330 and 1.1436/66. More: http://fxbazooka.com/en/analitycs/show/6400 Quote
riki143 Posted September 15, 2015 Posted September 15, 2015 Forex Analytics GBP/USD: forecast for September 14-20 By Elizabeth Belugina The Bank of England left monetary policy unchanged. Only one member of the Monetary Policy Committee (MPC) voted to raise the benchmark interest rate. One of the main things was that the central bank played down the impact of China’s stock-market slump on Britain’s economic prospects. In addition, some members saw continued upside risks to the inflation outlook. Overall, the Bank of England was not as dovish as expected allowing the cable to rise to 1.5475. The market expects the central bank to raise rates in the beginning of 2016. At the same time, the series of weak UK economic data releases cast doubt over the BOE’s outlook on the interest rates and may limit the sterling’s advance together with uncertainty ahead of the US Federal Reserve’s meeting on Thursday. GBP/USD is facing the bearish Ichimoku Cloud on the weekly chart. The pair approached significant resistance area of 1.5515/35 (100- and 55-day MAs). However, sterling has managed to settle above the 200-day MA at 1.5350 and a move below this support is needed to return the full power to the bears. Further support is at 1.5250. Next week the UK will release inflation figures on Tuesday, labor market data on Wednesday and retail sales on Thursday. In addition, on Saturday, September 12, the new leader of Britain's main opposition Labour Party will be announced. The leader will likely be from the party’s left wing, which opposes austerity measures, so this may lead to some bearish pressure on sterling. More: http://fxbazooka.com/en/analitycs/show/6399 Quote
riki143 Posted September 15, 2015 Posted September 15, 2015 Forex Analytics US dollar: forecast for September 14-20 By Elizabeth Belugina US dollar index showed modest declines in the past week. The greenback declined versus the euro, British pound and Australian dollar, but strengthened against Japanese yen. The highlight of the next week will surely be the meeting of Federal Reserve on Thursday, September 17. Analysts have high opinion of the US labor market data. Good state of the labor data is the necessary condition for the Fed's rate hike. Although in August jobs gains were lower than expected, the jobless rate dropped to 5.1% level, where the Fed considers the economy to be at “full employment.” For now, the market is pricing in about 30-50% possibility of September rate hike. If US central bank chooses to tighten policy, it will accompany such action with dovish comments in order to smooth negative impact on stocks. Still, the initial reaction to a rate hike will be certainly very positive for the greenback making it strengthen versus all of its competitors. However, the volatile performance of Chinese stocks and the risks connected with that will make it hard for the Fed’s (FOMC) members to reach an agreement on a rate hike. Those who think that the Fed will wait with raising rates argue that the central bank has not raised rates when the CBOE Volatility Index was as high as it is now. At the same time, the Fed does not officially target stocks and does not have mandate to support the stock market. Moreover, the delay in hikes will provoke further uncertainty that can hurt stocks in the medium term even more. If the Fed does not raise rates, US dollar will weaken, but we do not think that it will be a start of a downtrend, especially against commodity currencies. There are still some figures to look at ahead of the Fed’s decision. Pay attention to American retail sales on Tuesday and inflation figures on Wednesday. Overall, we expect the market’s nervousness increase by Thursday. The Fed’s announcement will provoke volatile moves, so be careful with open positions ahead of the event. More: http://fxbazooka.com/en/analitycs/show/6397 Quote
riki143 Posted September 15, 2015 Posted September 15, 2015 Forex Analytics GBP/USD: buy target - 1.5500 15 September 2015 By: Dmitriy Chernovolov -GBP/USD rises inside minor wave (ii) -Next buy target - 1.5500 GBP/USD recently reversed up sharply after reaching the support level 1.5200, which was set as the sell target in our previous forecast for this currency pair. The support zone near 1.5200 was strengthened by the lower daily Bollinger Band, 50% Fibonacci Correction of the previous (-wave from April and the lower support trendline of the daily down channel from June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. GBP/USD is likely to rise further in the active minor correction (ii) toward the next buy target at the resistance level 1.5500. More: http://fxbazooka.com/en/analitycs/show/6428 Quote
riki143 Posted September 15, 2015 Posted September 15, 2015 Forex Analytics Danske Bank: trade signals for September 15 Open positions:* EUR/USD: Hold SHORT at 1.1315, TAKE PROFIT 1.1087, STOP LOSS 1.1402 EUR/CHF: Hold LONG at 1.0910, TAKE PROFIT 1.1186, STOP LOSS 1.0869 USD/CAD: Hold LONG at 1.3185, TAKE PROFIT 1.3467, STOP LOSS 1.3100 NZD/USD: Hold SHORT at 0.6335, TAKE PROFIT 0.6130, STOP LOSS 0.6485 EUR/GBP: Hold LONG at 0.7320, TAKE PROFIT 0.7483, STOP LOSS 0.7260 Trade ideas: GBP/USD: BUY at 1.5340, TAKE PROFIT 1.5563, STOP LOSS 1.5280 USD/CHF: SELL at 0.9730, TAKE PROFIT 0.9569, STOP LOSS 0.9798 AUD/USD: BUY at 0.7100, TAKE PROFIT 0.7250, STOP LOSS 0.7030 EUR/JPY: BUY at 134.80, TAKE PROFIT 139.17, STOP LOSS 134.05 EUR/CAD: BUY at 1.4890, TAKE PROFIT 1.5192, STOP LOSS 1.4740 GBP/JPY: Possibly BUY _________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: Danske Bank: trade signals for September 15 - Forex Analytics Quote
riki143 Posted September 16, 2015 Posted September 16, 2015 Forex Analytics Forex trading plan for September 16 By Elizabeth Belugina Data released in the United States on Tuesday showed that US retail sales growth has slowed down in August, but the previous figures for July were revised to the upside. Overall, the report provides positive view of the US economy, though it doesn’t offer new hints about whether the Federal Reserve will raise interest rates on Thursday. On Wednesday, pay attention to the US inflation release at 12:30 GMT. In general, volatility should be high ahead of the Fed’s meeting, and many traders will be widely withdrawing their USD exposure. This will create moderate negative pressure on the greenback. EUR/USD edged down to the 1.1300 area after spiking to 1.1372 on Monday. German and the euro area’s ZEW economic sentiment indexes significantly declined. Support is at 1.1280, 1.1240 and 1.1150. Resistance is at 1.1375 and 1.1436/66. GBP/USD is fluctuating around 1.5400. The UK will release employment data at 08:30 GMT, forecasts are quite positive. The main support is at 1.5350 (200-day MA) – as long as the pound stays above this line, the bears won’t be able to return to power. Above this line British currency retains growth potential. If UK data don’t disappoint, the pair will be able to rise to 1.5450 and 1.5520 (100- and 55-day MAs). USD/JPY continued its descent. The Bank of Japan left monetary policy unchanged. Governor Kuroda sounded rather optimistic on the nation’s economic prospects, though many traders thought that the regulator would at least think about expanding monetary stimulus. AUD/USD met resistance in the 0.7165 area (trend line resistance). Chinese stocks decline. The minutes of the Reserve Bank’s of Australia meeting offered no surprises. Support is at 0.7050 and 0.9600. Further resistance is at 0.7200. More: http://fxbazooka.com/en/analitycs/show/6437 Quote
riki143 Posted September 16, 2015 Posted September 16, 2015 Forex Analytics Pound weakened against dollar 16 September 2015 Tatiana Norkina, FBS analyst The British currency showed weakness against the American again during yesterday's trading. The bulls have failed to break through the 1.5460 resistance to the four-hour Ichimoku cloud upper border and, after yet another failed attempt, they decided to leave the market. As a result, the currency pair rate decreased to the cloud's lower border support, into the 1.5320/30 area, by the end of the day. The Tenkan and Kijun lines have cancelled the golden cross action, and the cloud is again expanding downwards, threatening with a bearish trend development. It might make sense to take the sellers' sides after the Tenkan and Kijun lines levels testing. Technical levels: support – 1.5320; resistance – 1.5390. Trade recommendations: 1. Sell — 1.5390; SL — 1.5410; TP1 — 1.5290; TP2 — 1.5230. More: http://fxbazooka.com/en/analitycs/show/6440 Quote
riki143 Posted September 16, 2015 Posted September 16, 2015 Forex Analytics Euro kept inside cloud 16 September 2015 Tatiana Norkina, FBS analyst As expected, EUR/USD bounced off the cloud's upper border resistance at 1.3440-1.3460 and, as a result, remained within the four-hour Ichimoku cloud. The short-term upward trend is yet maintained since the golden cross is still in action. However, we consider the bulls' inability to break the Tenkan-sen line up as a sign of weakness. Consequently, this will be a good chance for sales with immediate goals up to the lower border levels. Technical levels: support – 1.1250; resistance – 1.1300. Trade recommendations: 1. Sell — 1.1300; SL — 1.1320; TP1 — 1.1220; TP2 — 1.1170. More: http://fxbazooka.com/en/analitycs/show/6439 Quote
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