riki143 Posted November 1, 2015 Posted November 1, 2015 Forex Analytics USD/JPY: forecast for November 2-8 By Elizabeth Belugina The Bank of Japan didn’t increase the size of its monetary stimulus package. As a result, USD/JPY failed to make a big break to the upside. The pair remained limited on the upside by the 121.50 area. However, declines of dollar/yen after the central bank’s meeting weren’t very extensive.Many still expect the Bank of Japan to ease sometime in future, later this year or in early 2016. As a result, the pair has fundamental support around 118.00/117.50. Japan still has the problem of deflation: core consumer prices fell for the second month in a row in September. However, the Bank of Japan is already buying immense number of bonds to help the economy and lift up prices, so further easing is risky. The yen is at the comfortable levels for the regulator and the bid tone for USD/JPY remains as the Federal Reserve’s rate hike remain on the table. All in all, despite Japanese economic problems, the central bank can allow itself to remain in the wait-and-see mode keeping the current policy unchanged. On the broad scale, it means that USD/JPY won’t diverge much form its current trading range. In the short term the pair may be affected by the swings in risk sentiment. There will be a big release of Chinese data on Monday morning. Lower manufacturing PMI in China will increase demand for the yen as a safe haven. In addition, pay attention to the US economic releases: together with the risk sentiment they will represent the main driver of USD/JPY. Trading is going to be volatile. Support is at 120.00, 119.60 and 118.00. Resistanceisat 121.00, 121.80 and 122.50. More: http://fxbazooka.com/en/analitycs/show/6917 Quote
riki143 Posted November 1, 2015 Posted November 1, 2015 Forex Analytics US Dollar: forecast for November 2-8 By Kira Iukhtenko The US Federal Reserve decided to leave interest rates unchanged at its October meeting. However, the policy statement switched into the hawkish territory. As a result, expectations for the Fed’s rate hike in December surged, offering support to the US Dollar in all the currency pairs, except for the USD/JPY pair. However, traders still have some doubts that the Fed will really hike on its next meeting in December. Weak economic data from the US raise some questions. Last week we have seen that the US economy grew by 1.5% in Q3, down from 4% in Q2. The US dollar has potential for more growth, but trade on the next week will depend on the economic data. We’ll be focused on the labor market figures on Friday. In September the US economy added only 142K new jobs. Hopefully the picture has improved in October. We recommend buying the US dollar in all the major pairs on upbeat data. More: http://fxbazooka.com/en/analitycs/show/6912 Quote
riki143 Posted November 1, 2015 Posted November 1, 2015 Forex Analytics EUR/USD: forecast for November 2-8 By Elizabeth Belugina The more hawkish than expected meeting of the Federal Reserve pulled EUR/USD down, to the new lows since the beginning of August at 1.09. The pair once again fell into trading on the monetary policy divergence between the US and Europe. Data from the euro area in the past week was mostly weak, though the flash inflation figures for October improved after declining in September. The market is still convinced that the European Central Bank will ease its monetary policy further either in December, or early in next year. Such expectations act as a drag on the single currency capping any recovery of the EUR/USD. The pair will meet resistance at the big figures of 1.11, 1.12 and then at 1.1250. Next week pay attention to the speech of the ECB’s president Mario Draghi on Tuesday and the European Union’s economic forecasts on Thursday. Draghi may offer new hints on the ECB’s assessment of the region’s economy and further plans. In addition, beware of the news from the United States: the Fed’s Chairwoman Janet Yellen will speak on Wednesday, while on Friday America will release nonfarm payrolls for October, and the event will surely rack the market. Support for EUR/USD lies at 1.08 and below this point there won’t be much of the help for the euro bulls until 1.05. We prefer short positions on the euro in the current environment. More: http://fxbazooka.com/en/analitycs/show/6919 Quote
riki143 Posted November 1, 2015 Posted November 1, 2015 Forex Analytics GBP/USD: forecast for November 2-8 By Kira Iukhtenko British pound had another volatile week. GBP/USD slipped below 1.5250 as the US Federal Reserve turned out to be more hawkish on its meeting. However, sentiment changed to bullish by the end of the week. The pair formed a bullish engulfing candle on Thursday and the pair jumped back up above 1.5300. The trend line of the bearish channel was broken to the upside. The next strong resistance is now seen at 1.5390. This is the resistance of the potential wedge pattern (red lines on the chart). We expect the pair to retrace from this level and to retest the last week’s support at 1.5250. Technical picture for the coming weeks remains bearish. We will watch the block of UK PMIs at the beginning of the new week. Thursday will likely become a volatile day for the cable: the Bank of England will hold its policy meeting and release the quarterly inflation report. According to the most recent data, inflation expectations for the next year declined in October and have stayed below the Bank’s target for 13 months. UK interest rate is widely expected to stay on hold in 2015, so the upside of the pound remains capped. Chart. GBP/USD Daily More: http://fxbazooka.com/en/analitycs/show/6914 Quote
riki143 Posted November 2, 2015 Posted November 2, 2015 Forex Analytics EUR/JPY: buy target - 134.00 2 November 2015 By: Dmitriy Chernovolov EUR/JPY reversed from pivotal support level 132.00 Next buy target - 134.00 EUR/JPY recently reversed up sharply from the pivotal support level 132.00 (which also previously stopped the sharp minor impulse wave (i) at the start of September, as you can see below). The upward reversal from this support level created the strong daily Japanese candlestick reversal pattern Bullish Engulfing – stopping the previous minor impulse wave (iii) – which belongs to the C-wave of the intermediate ABC correction (2) from the start of June. Given the fact that the daily Stochastic is still moving in the oversold territory - EUR/JPY can be expected to rise further from the current levels toward the next buy target at the resistance level 134.00. More: http://fxbazooka.com/en/analitycs/show/6938 Quote
riki143 Posted November 2, 2015 Posted November 2, 2015 Forex Analytics Danske Bank: trade signals for November 2 Open positions:* EUR/USD: Hold SHORT from 1.1055, TAKE PROFIT 1.0848, STOP LOSS 1.1102 USD/JPY: Hold LONG from 120.35, TAKE PROFIT 122.13, STOP LOSS 119.98 USD/CHF: Hold LONG from 0.9820, TAKE PROFIT 1.0069, STOP LOSS 0.9799 AUD/USD: Hold SHORT from 0.7217, TAKE PROFIT 0.6937, STOP LOSS 0.7217 USD/CAD: HoldLONG from 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3035 EUR/JPY: Hold SHORT from 133.35, TAKE PROFIT 129.62, STOP LOSS 134.30 EUR/GBP: Hold SHORT from 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7253 EUR/CHF: Hold LONG from 1.0890, TAKE PROFIT 1.1012, STOP LOSS 1.0825 EUR/CAD: Hold SHORT from 1.4595, TAKE PROFIT 1.4292, STOP LOSS 1.4560 Trade ideas: GBP/JPY: BUY on dips NZD/USD: Possibly SELL __________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6935 Quote
riki143 Posted November 2, 2015 Posted November 2, 2015 Forex Analytics Forex trading plan for November 3 Elizabeth Belugina EUR/USD is consolidating in the 1.1050/00 area. There is a symmetric triangle on H1. The most recent data from the euro area were rather good, but many market players still expect more easing from the ECB. Morgan Stanley on Monday lowered its forecast for EUR/USD at the beginning of 2016 to $1.03 early. As a result, traders await what the ECB president Mario Draghi says at 19:00 GMT on Tuesday. Above 1.1050 next resistance is at 1.1100/10 and 1.1160. Below 1.1000 support is at 1.0915/00. UK manufacturing PMI came above expectations (55.5K vs. forecast of 51.8).GBP/USD opened with a gap up and approached resistance at 1.5500, which remains intact probably because manufacturing is not the main sector of British economy (for this see services PMI on Wednesday). Pay attention to British construction PMI due at 09:30 GMT on Tuesday. All the data releases this week are very important for the pound ahead of the Bank of England’s meeting on Thursday. After the US Federal Reserve leaned to a more hawkish side, traders may expect more hawkishness from the British central bank as well. Support is at 1.5400, 1.5380 and 1.5340, and retreat to these levels can provide opportunities for longs. In addition, look for confirmation of a break above 1.5500/10 to buy the cable. USD/JPY is holding above 120.00. Tuesday will be the bank holiday in Japan. The pair will be driven by the US data releases (ISM manufacturing PMI on Monday, factory orders on Tuesday). Support is at 120.00 and 119.60. Resistance is at 121.00, 121.50 and 121.80. AUD/USD found support above 0.7100 as Australian building approvals rebounded and on the news that Chinese manufacturing sector is stabilizing (though official PMI remained below the threshold of 50 points). Moreover, Aussie’s growth remained limited ahead of the Reserve Bank of Australia’s meeting on Tuesday. Resistance is at 0.7160 and 0.7200 ahead of 0.7280. Support is at 0.7020/00 and 0.6950. More: http://fxbazooka.com/en/analitycs/show/6942 Quote
riki143 Posted November 3, 2015 Posted November 3, 2015 Forex Analytics AUD/CHF: buy targets - 0.7130 and 0.7200 3 November 2015 By: Dmitriy Chernovolov AUD/CHF reversed from support zone Next buy targets - 0.7130 and 0.7200 AUD/CHF recently reversed up from the support zone lying at the intersection of the upper trendline of the wide daily down channel from the end of April – acting as support now, after it was broken by the previous upward impulse from the end of October, as you can see below), the 50% Fibonacci Retracement of the aforementioned upward price impulse and the round support level 0.7000. The upward reversal from this support zone created the daily Japanese candlestick reversal pattern Piercing Line. AUD/CHF is likely to rise further in the active impulse wave 3 (of the intermediate ©-wave from September) toward the next buy targets - 0.7130 and 0.7200. More: http://fxbazooka.com/en/analitycs/show/6953 Quote
riki143 Posted November 3, 2015 Posted November 3, 2015 Forex Analytics GBP/CHF: buy target - 1.5400 3 November 2015 By: Dmitriy Chernovolov GBP/CHF broke multiple resistance levels Next buy target - 1.5400 GBP/CHF has been rising sharply in the last few trading sessions – breaking through the resistance levels 1.4900 (buy target set in our previous forecast for this currency pair) and 1.5100 (former major resistance level which stopped previous waves (a) and B in September, as you can see below). The breakout of the resistance level 1.4900 coincided with the breakout of the resistance trendline of the Falling Wedge chart pattern – which intensified the bullish pressure on this currency pair. GBP/CHF is likely to rise further in the accelerated impulse wave 3 (which belongs to the intermediate impulse wave (3) from October) toward the next buy target at the next resistance level 1.5400. More: http://fxbazooka.com/en/analitycs/show/6951 Quote
riki143 Posted November 3, 2015 Posted November 3, 2015 Forex Analytics Danske Bank: trade signals for November 3 Open positions:* EUR/USD: Hold SHORT at 1.1055, TAKE PROFIT 1.0848, STOP LOSS 1.1102 USD/JPY: Hold LONG at 120.35, TAKE PROFIT 122.13, STOP LOSS 119.98 GBP/USD: Hold LONG at 1.5465, TAKE PROFIT 1.5659, STOP LOSS 1.5398 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0069 NEXT, STOP LOSS 0.9799 (revised) AUD/USD: Hold SHORT at 0.7217, TAKE PROFIT 0.6937, STOP LOSS 0.7217 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3035 EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7253 EUR/CHF: Hold LONG at 1.0890, TAKE PROFIT 1.1012, STOP LOSS 1.0825 EUR/CAD: Hold SHORT at 1.4595, TAKE PROFIT 1.4292, STOP LOSS 1.4560 (revised) Trade ideas: GBP/JPY: Possibly BUY NZD/USD: Possibly SELL ______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6947 Quote
riki143 Posted November 3, 2015 Posted November 3, 2015 Forex Analytics Forex trading plan for November 4 By Kira Iukhtenko [Video] [/Video] US Dollar is feeling itself rather confident at the beginning of the week after the late October Federal Reserve meeting. Financial markets are now awaiting the US labor market release on Friday. Figures could surprise the markets to the upside, offering more support to the US currency. Wednesday, November 4, is an intense day for the traders as well. ECB head Mario Draghi will deliver a speech at the ECB forum on banking supervision, while the Fed’s governor Janet Yellen will speak later in the day at the opening ceremony of the House of financial services. We expects these speeches to pull EUR/USD lower. Break below 1.0900 will open the way to our next target at 1.0820. Resistance – 1.1100. Another events to watch on the US calendar are the ADP NFP, trade balance and non-manufacturing PMI. GBP/USD is another pair to watch these days. The 1.5500 mark remains a ceiling for the buyers. Break below the round 1.5300 mark will open the way for more sales. Watch the UK services PMI on Wednesday as well. More: http://fxbazooka.com/en/analitycs/show/6958 Quote
riki143 Posted November 4, 2015 Posted November 4, 2015 Forex Analytics Danske Bank: trade signals for November 4 Open positions:* EUR/USD: Hold SHORT at 1.1055, TAKE PROFIT 1.0848, STOP LOSS 1.1102 USD/JPY: Hold LONG at 120.35, TAKE PROFIT 122.13, STOP LOSS 119.98 USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0069, STOP LOSS 0.9799 (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 (revised) EUR/CHF: Hold LONG at 1.0890, TAKE PROFIT 1.1012, STOP LOSS 1.0825 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3035 Trade ideas: GBP/JPY: BUY at 186.20, TAKE PROFIT 188.31, STOP LOSS 185.29 NZD/USD: SELL at 0.6720, TAKE PROFIT 0.6567, STOP LOSS 0.6795 GBP/USD: Possibly BUY AUD/USD: Possibly SELL EUR/CAD: Possibly SELL _____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6963 Quote
riki143 Posted November 4, 2015 Posted November 4, 2015 Forex Analytics Goldman Sachs: fresh forecasts for FX majors 4 November 2015 Here are the latest end-of-the-period currency forecasts by Goldman Sachs. More: http://fxbazooka.com/en/analitycs/show/6970 Quote
riki143 Posted November 4, 2015 Posted November 4, 2015 Forex Analytics EUR/USD: sell targets - 1.0900 and 1.0800 4 November 2015 By: Dmitriy Chernovolov EUR/USD reversed from resistance zone Next sell targets - 1.0900 and 1.0800 EUR/USD continues to decline after the recent sharp downward reversal from the resistance zone lying between the former support trendline of the wide daily up channel from March (acting as support now after it was broken) and the resistance level 1.1100 (former pivotal support level which stopped the intermediate impulse wave (1) at the start of September, as you can see below). The downward reversal from this resistance zone continues the active intermediate impulse wave (3) from October. EUR/USD is likely to fall to the next sell targets at the next support levels 1.0900 and 1.0800. Strong resistance remains at 1.1100. More: http://fxbazooka.com/en/analitycs/show/6964 Quote
riki143 Posted November 4, 2015 Posted November 4, 2015 Forex Analytics Forex trading plan for November 5 By Kira Iukhtenko US Dollar remains well-supported ahead of the labor-market report on Friday. We believe that the demand for the greenback will last at least until the release. What’s more, even the neutral figures will be “ok” for the market. Expectations for a rate hike on December are now on the rise. The US economic calendar on Thursday is rather intense. Watch the unemployment claims (forecast – neutral) and listen to the Fed’s members Lockhart, Fisher and Dudley. These officials don’t object to a hike in 2015, so we could get more hawkish signals from this side. EUR/USD is seen retesting the 1.0900 support as we write. Mario Draghi’s dovish comments confirm the policy divergence between the ECB and the Fed. We recommend selling the pair at the current levels with an initial target of 1.0820. Resistance is seen at 1.1070. Watch the German factory orders in euro zone tomorrow and the fresh EU economic forecasts. GBP/USD is also trading under pressure. Market awaits the “SuperThursday” – the day when the Bank of England will announce its rate decision, release meeting minutes and Q3 inflation report. We still expect the forecasts to be revised to the downside, delaying the rate hike expectations. Cable is testing the 1.5400 mark (38.2 Fibo from the recent rally). Targetliesat 1.5360. USD/JPY approached the flat trend line at 121.60. Monthly bullish reversal candle supports our idea to go long. Watch the Bank of Japan meeting minutes tonight. AUD/USD pulled back from 0.7220, forming a reversal candle on the H4. We still believe the bullish potential is limited. Listen to the RBA governor Stevens’ comments tonight. More: http://fxbazooka.com/en/analitycs/show/6972 Quote
riki143 Posted November 5, 2015 Posted November 5, 2015 Forex Analytics Danske Bank: trade signals for November 5 Open positions: EUR/USD: Hold SHORT at 1.1055, TAKE PROFIT 1.0809, STOP LOSS 1.1075 USD/JPY: Hold LONG at 120.35, TAKE PROFIT 123.01, STOP LOSS 120.50 (revised) USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0069, STOP LOSS 0.9799 (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 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3035 Trade ideas: AUD/USD: SELL at 0.7175, TAKE PROFIT 0.6937, STOP LOSS 0.7235 EUR/CHF: SELL at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0875 GBP/JPY: BUY at 186.20, TAKE PROFIT 188.31, STOP LOSS 185.29 NZD/USD: SELL at 0.6650, TAKE PROFIT 0.6457, STOP LOSS 0.6735 GBP/USD: Possibly SELL EUR/CAD: Possibly SELL _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6978 Quote
riki143 Posted November 5, 2015 Posted November 5, 2015 Forex Analytics NZD/USD: sell target - 0.6500 5 November 2015 By: Dmitriy Chernovolov NZD/USD reached sell target 0.6600 Next sell target - 0.6500 NZD/USD recently reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance level 0.6800 (which is the lower boundary of the resistance zone lying between the resistance levels 0.6900 and 0.6800; this resistance zone earlier reversed previous waves (A) and B, as you can see below). The downward reversal from this resistance area accelerated the active C-wave of the intermediate (-wave from October – helping the price reach the support level 0.6600 (previous sell target set for this currency pair). NZD/USD is likely to fall further toward the next sell target at the next support level 0.6500 (target price calculated for the completion of the active C-wave). More: http://fxbazooka.com/en/analitycs/show/6980 Quote
riki143 Posted November 5, 2015 Posted November 5, 2015 Forex Analytics EUR/GBP: sell target - 0.7000 5 November 2015 By: Dmitriy Chernovolov EUR/GBP falling inside accelerated impulse waves (3) and ③ Next sell target - 0.7000 EUR/GBP has been falling sharply in the last two trading weeks – following the earlier downward reversal from the resistance zone lying between the resistance levels 0.7500 and 0.7400 (which also previously reversed the intermediate corrective wave (A) in May, as you can see below). The downward reversal from this resistance zone started the active primary impulse wave ③ - which then broke the daily Rising Wedge from July and the support levels 0.7250, 0.7200 and 0.7100. EUR/GBP is likely to fall in the accelerated impulse waves (3) and ③ toward the next sell target at the round support level 0.7000. More: http://fxbazooka.com/en/analitycs/show/6979 Quote
riki143 Posted November 5, 2015 Posted November 5, 2015 Forex Analytics Forex trading plan for November 6 Elizabeth Belugina The Federal Reserve’s Chair Janet Yellen said on Wednesday that the central bank’s December meeting would be a ‘live’ possibility for a rate hike if good data were released by that time supporting the Fed’s positive economic outlook. According to the futures market, the probability of a rate increase next month rose to 58%. Traders now focus on the release of the US non-farm payrolls at 13:50 GMT on Friday. According to the consensus forecast, American economy added about 180K jobs in October after gaining only 142K in September, while the unemployment rate slid from 5.1% to 5.0%. The market will likely to get quieter ahead of the release. EUR/USD breached 1.0900, which is now acting as resistance. The euro area released weak data: German factory orders kept falling, while the region’s retail sales also contracted. Still, EUR/USD got some support from higher EUR/GBP. The downside targets are 1.0820 and 1.0800. GBP/USD fell on the dovish comments from the Bank of England. Only one member of the Monetary Policy Committee (MPC) proposed to raise the benchmark interest rate, the regulator lowered growth and inflation forecasts and underlined the weakness of global economy. Support line from October lows is located in the 1.5280 area and a fix below it will open the way down to 1.5200 and 1.5165. Further, support us at 1.5100. Resistance at 1.5340 (200-day MA), 1.5380 and 1.5380 has solidified. The picture looks negative. USD/JPY moved above last week’s consolidation range. US dollar is driven up by US Treasury yields, which rose to the highest levels since 2011. The pair is currently trying to overcome 100-day MA and 61.8% Fibo of the August decline in the 121.80/122.00 area. The next Fibonacci level lies right above 123.00 – this is the level to focus on in case of good figures from the US on Friday. Support is at 121.50, 121.15 and 121.00. The best trading strategy is to buy on the retreat to these levels or look for other opportunities to enter longs. Oil prices remain under pressure after the decline on Wednesday. Australian dollar is hampered by the strength of its US counterpart. Positive comments from the RBA’s Governor Stevens were not much of help to Aussie. The Reserve Bank of Australia will release its quarterly monetary policy statement early on Friday. 55-day MA at 0.7137 is providing some support for AUD/USD, but it remains vulnerable for a decline to 0.7015 (September support line). Resistance is at 0.7200 and 0.7280. More: http://fxbazooka.com/en/analitycs/show/6986 Quote
riki143 Posted November 7, 2015 Posted November 7, 2015 Forex Analytics USD/JPY: forecast for November 9-15 Elizabeth Belugina USD/JPY made a break to the upside and jumped to 123.00. US nonfarm payrolls came out significantly above forecasts, and other US labor market data were also quite positive. The expectations of the Federal Reserve’s rate hike in December increased, and this is a bullish driver for the pair. At the same time,the pair lacks bullish drivers from the Bank of Japan: Japanese officials say nothing new and give no hints that there will be an increase in monetary stimulus. This may slow the pair’s advance a bit. Still, we are working with bullish positions at this market. The upcoming week will once again be light in terms of economic data from Japan. Only releases of current account on Monday and core machinery orders on Thursday are worth mentioning. Pay attention to the Chinese data releases in the first 3 days of the week as these data will influence the market’s risk sentiment. Demand for Japanese yen rises in times of risk aversion and declines when the market’s risk appetite improves. Above 123.00 resistance lies at 124.00, 124.50 and 125.00. Previous resistance at 122.00 and 121.50. More: https://www.fxbazooka.com/en/analitycs/show/6993 Quote
riki143 Posted November 7, 2015 Posted November 7, 2015 Forex Analytics US Dollar: forecast for November 9-15 By Kira Iukhtenko [Video] [/Video] It was a profitable week for the US dollar. The greenback rose to a 7-month high versus the euro on strong labor market figures. US economy added 270K new jobs in October, while unemployment declined to 5%. The US Dollar index jumped above 99 points on the news and is now close to its historical high of 100.30 (March 2015 high). We expect this level to be broken in the near term. Strong data give the green light for a first rate hike in December. According to the futures market, a 70% possibility is now priced in. These expectations open a long bullish road to the US currency. Economic calendar for the new week is rather light. We’ll focus on the retail sales on Friday – growth is expected. However, be ready for some pullbacks in USD, as the currency already is oversold. More: https://www.fxbazooka.com/en/analitycs/show/6996 Quote
riki143 Posted November 7, 2015 Posted November 7, 2015 Forex Analytics GBP/USD: forecast for November 9-15 By Kira Iukhtenko Dovish Bank of England’s remarks and hawkish Federal Reserve pulled the British pound much lower over the past week. The currency pair; GBP/USD lost almost 400 pips despite the upbeat economic figures released in Britain. The pair remains in a descending channel (red lines on the chart). We see space for a decline to 1.5000 in the near-term. For now, there are no fundamental reasons for the pair to fall below this support. However, it will all depend on the market volatility in the new week. Major resistance is now seen at 1.5250, 1.5330 and 1.5500 (channel resistance). As for the UK economic calendar in the new week, pay attention to the labor market data on Wednesday. Employment figures could show improvement and pull the pound higher. Bank of England will also deliver a press conference on the Inflation report on Wednesday. More: https://www.fxbazooka.com/en/analitycs/show/6995 Quote
riki143 Posted November 7, 2015 Posted November 7, 2015 Forex Analytics EUR/USD: forecast for November 9-15 Elizabeth Belugina The divergence in monetary policy between the European Central Bank and Federal Reserve remains the main driver of EUR/USD. This driver is pointing to the downside. The ECB president Mario Draghi said that the central bank’s asset-purchase program could be boosted and other tools may be used to ensure inflation will return to its goal. The Fed’s Chair Janet Yellen, on the other hand, signaled that American regulator may raise interest rate in December. US labor market data increased the possibility of such step. Nonfarm payrolls rose above forecast in October gaining 271K. Next week will start with the meetings of the European finance ministers. The officials will discuss Greece. The creditors are currently reviewing Greece’s bailout, there are still some disagreements, but the nation is said to show progress. We will also hear more from Mario Draghi on Wednesday as he will attend the forum organized by the Bank of England. Pay attention to the euro area’s GDP releases on Friday. Economists predicted last month that the region’s economy added 0.4% in Q3 up after rising by 0.3% in Q2. EUR/USD fell below 1.0800. A close below this level on Friday will confirm further bearish scenario for the single currency. Next support levels are at the big figures – 1.0700, 1.0600 and 1.0500. Resistance is at 1.0900, 1.1000 and 1.1050. We stick to our recommendation of selling the euro on its attempts to recover or on the break of support levels. More: https://www.fxbazooka.com/en/analitycs/show/6994 Quote
riki143 Posted November 9, 2015 Posted November 9, 2015 Forex Analytics Danske Bank: trade signals for November 9 Open positions: USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 (revised) USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3080 EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7205 EUR/CHF: SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845 EUR/CAD: SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4455 Trade ideas: EUR/USD: SELL at 1.0825, TAKE PROFIT 1.0571, STOP LOSS 1.0903 USD/JPY: BUY at 122.75, TAKE PROFIT 124.16, STOP LOSS 121.95 GBP/USD: SELL at 1.5080, TAKE PROFIT 1.4857, STOP LOSS 1.5155 AUD/USD: SELL at 0.7065, TAKE PROFIT 0.6896, STOP LOSS 0.7136 GBP/JPY: BUY at 184.25, TAKE PROFIT 190.00, STOP LOSS 183.65 NZD/USD: Possibly SELL ______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://www.fxbazooka.com/en/analitycs/show/7011 Quote
riki143 Posted November 9, 2015 Posted November 9, 2015 Forex Analytics USD/JPY: buy targets - 124.00 and 125.00 9 November 2015 By: Dmitriy Chernovolov USD/JPY reached buy target 123.00 Next buy targets - 124.00 and 125.00 USD/JPY opened this week with the upward gap – following the earlier sharp breakout of the resistance level 123.00, which was set in our previous forecast as the buy target for this currency pair. The breakout of this resistance level follows the earlier breakout of the two resistance levels 121.00 and 122.00 – each of which accelerated the active minor impulse wave 3 – which belongs to the 5th intermediate impulse wave (5) from the end of August, as you can see below. USD/JPY is likely to rise further to the next buy target at the resistance level 124.00 – the breakout of which can lead to further gains toward 125.00. More: https://www.fxbazooka.com/en/analitycs/show/7012 Quote
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