riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 USD/JPY & US durable goods orders: Greenback ahead of Jackson Hole 8/25/2016 Today at 12:30 GMT we'll know the US durable goods orders on a monthly basis, where the analysts are looking for an increase from -3.9% to 3.3%. This data could be a market mover for today in US dollar, alongside with the Jackson Hole Symposium that will start today and Janet Yellen is due to speak on Friday. That rise from the durable goods orders is highly expected, following it had a dip on the last month's reading of 3.9%. In terms of technical analysis, the USD/JPY pair at H1 chart is showing us a triangle pattern in formation between the 100.87 and 99.63 levels, According to the recent price action, the pair may face some selling pressure around the 200 SMA on this timeframe, as for now, it didn't manage to consolidate above it. However, if the pair does a breakout with a big candlestick at that zone to the upside, our next target would be the 101.00 psychological level. More: https://new.fxbazooka.com/analytics/10191 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 USD/JPY: calm before the storm 8/25/2016 On the daily chart USD/JPY is consolidating in the 99.8-100.8 area. The break of resistance at 100.83 will allow the correction to continue towards 102.25 and 102.69. If the pair renews August low, this will be a signal of the downtrend resumption and will send the pair to 98.96 and 97.84. On H1 USD/JPY is finishing a triangle. If the pair rises above the upper border of the pattern and then gets to 100.83, its chances to reach 88.6% target (102) пof the "Bat" pattern will increase. On the other hand, break of support at 99.95 will mean resumption of the downtrend. More: https://new.fxbazooka.com/analytics/10192 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 USD/CAD: bulls are fighting back 8/25/2016 On the daily USD/CAD chart there was an unsuccessful attempt of bears to make the prices leave the rising triangle. Recoil from convergence area at 1.273-1.276 (88.6% of the Shark pattern + 61.8% Fibo of the last medium-term bullish wave) let the bulls take the lead. If the pair manages to settle above resistance at 1.2956-1.2977, risks of growth towards 1.3076 and 1.3306 will increase. On H1 USD/CAD the downtrend changed to the uptrend. Break of resistance at 1.2956 will let the pair keep rising toewards convergence area of 1.303-1.3034 (161.8% target of AB=CD + 61.8% Fibo of the last bearish wave). More: https://new.fxbazooka.com/analytics/10193 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 EUR/USD: back into the Cloud 8/25/2016 Technical levels: support – 1.1270, 1.1230, 1.1200; resistance – 1.1330, 1.1360, 1.1450. Trade recommendations: 1. Buy — 1.1200; SL — 1.1180; TP1 — 1.1330; TP2 – 1.1360. Reason: a dead cross of Tenkan-sen and Kijun-sen, but the bullish Ichimoku Cloud. More: https://new.fxbazooka.com/analytics/10194 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 AUD/USD: rebounding from the Senkou Span B 8/25/2016 Technical levels: support – 0.7590, 0.7620; resistance – 0.7680, 0.7720. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7680; TP2 — 0.7720. Reason: a new golden cross of Tenkan-sen and Kijun-sen; bullish Ichimoku Cloud; strong support of Senkou Span B. More: https://new.fxbazooka.com/analytics/10195 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 EUR/USD: bears going to reach next support 8/25/2016 There’s a “Double Top” pattern, which has been formed under a resistance at 1.1381. However, the price faced a support by the 34 Moving Average afterwards, so there’s a local upward correction on the way. Considering a confirmation of the last “Double Top”, the market is likely going to continue falling down towards the next support at 1.1235 – 1.1222. If a pullback from this area happens, there’ll be an opportunity to have another upward movement. The price faced a support at 1.1253, which led to form a “V-Bottom” pattern, so the price is currently rising. Also, we’ve got a “Pennant” pattern here, so the price is likely going to reach a support at 1.1235 – 1.1222 during the day. At the same time, if we see a pullback from these levels, bulls will probably try to catch a resistance at 1.1282 – 1.1324. More: https://new.fxbazooka.com/analytics/10196 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 GBP/USD: "Double Top" stood in the way of bulls 8/25/2016 The price found a resistance at 1.3247, which led to the current consolidation. Also, there’s a “Double Top” pattern. If it confirms, the market is likely going to get a support at 1.3119 in the short term. However, if a pullback from this level be on the table, bulls will probably try to achieve the nearest resistance at 1.3247 – 1.3302. We’ve got a consolidation along a resistance at 1.3247. Also, there’s a possible “Double Top” pattern, which hasn’t been finished yet. Therefore, bears are likely going to get a support at 1.3183 – 1.3160 shortly. Nevertheless, if a pullback from this area arrives later on, there’ll be an opportunity to have an upward price movement in the direction of a resistance at 1.3271 – 1.3302. More: https://new.fxbazooka.com/analytics/10197 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 EUR/USD: bearish impulse in wave iii going to start soon 8/25/2016 We’ve got two pullbacks from 6/8 Murrey Math Level (P=200) in a row, which points to a possible ending of wave [y] of C. Moreover, there’s a downward impulse in wave i, so after a local correction, bears are likely going to deliver wave iii of (a). The nearest intraday target is 3/8 MM Level. As we can see on the one-hour chart, wave v of © was truncated. So, we’ve got a bearish impulse in wave i, which was formed yesterday. It’s likely that bulls are going to deliver wave ii during the day. If we see a pullback from 6/8 Murrey Math Level (P=200), there’ll be an opportunity to have another downward impulse. More: https://new.fxbazooka.com/analytics/10199 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 Key option levels for Thursday, August 25th 8/25/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 64 984 ? + 47 692 ? Closest resistance levels 1.1289; 1.1308; 1.1324; 1.1343 Closest support levels 1.1251; 1.1225; 1.1205; 1.1180 Trading recommendations Baseline scenario Long EUR/USD above 1.1289, with the target points at 1.1308 and 1.1324 Alternative scenario Moving below 1.1251 can be considered as a signal to sell the pair, with target at 1.1225 and 1.1205 GBP/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 359 ? + 1 014 ? Closest resistance levels 1.3266; 1.3290; 1.3327; 1.3351 Closest support levels 1.3189; 1.3156; 1.3134; 1.3108 Trading recommendations Baseline scenario Buy GBP/USD above 1.3266, with the target points at 1.3290 and 1.3327 Alternative scenario Moving below 1.3189 can be considered as a signal to sell the pair, with target at 1.3156 and 1.3134 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 3 643 ? + 900 ? Closest resistance levels 100.63; 100.83(98?); 101.17; 101.41 Closest support levels 100.33; 100.13(03?); 99.71; 99.49 Trading recommendations Baseline scenario Long USD/JPY above 100.63, with the target points at 100.83 and 101.17 Alternative scenario Moving below 100.33 can be considered as a signal to sell the pair, with target at 100.13 and 99.71 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 180 ? + 143 ? Closest resistance levels 1.2963; 1.2985; 1.3017; 1.3062 Closest support levels 1.2908; 1.2890; 1.2860; 1.2821 Trading recommendations Baseline scenario Buy USD/CAD above 1.2963, with the target points at 1.2985 and 1.3017 Alternative scenario Moving below 1.2908 can be considered as a signal to sell the pair, with target at 1.2890 and 1.2860 More: https://new.fxbazooka.com/analytics/10201 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 EUR/USD: bulls going to test "Window" once again 8/25/2016 There’s a correction inside the main bullish trend. We’ve got a “Hammer” in the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to get a resistance on the upper side of the nearest “Window”. If we see a pullback from this level, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, the price found a lodgement under the “Window”, which could act as a resistance once again. So, after a local correction bears will probably try to deliver a new low. We’ve got a bullish “Harami” and a “Three Methods” pattern at the last low. Under this circumstances, bulls are likely going to reach the nearest “Window’s” upper side. More: https://new.fxbazooka.com/analytics/10208 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2016 Report Share Posted August 25, 2016 USD/JPY: bulls and bears fighting inside the "Window" 8/25/2016 There’s a strong resistance by the 21 Moving Average, so we’ve got a “Shooting Star” on this line. However, a confirmation of this pattern is a quite weak, so the nearest “Window” is likely going to be tested once again. As we can see on the Daily chart, the price is consolidating under the closest resistance line, so bears will probably try to reach the lower “Window” in the short term. We’ve got a “Harami” and a “Doji” on the 89 Moving Average, which both have been confirmed enough. At the same time, there’s a bullish “Harami” as well, so the market is likely going to test the local highs again. More: https://new.fxbazooka.com/analytics/10209 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 EUR/USD ahead of Jackson Hole: Will Janet Yellen define us today the mid-term trend for US Dollar? 8/26/2016 Today at 14:00 GMT will be the main event of the week in financial markets, as the Fed Chairwoman Janet Yellen will speak at the Jackson Hole Symposium and all traders will be looking for hints of further rate hike by the central bank before the end of the year, or in the other scenario, in September's meeting. However, some experts aren't expecting major information to be delivered by Yellen during this event, which is also an academic symposium and likely it will bring some kind of information that goes on that line. The technical picture for EUR/USD at H1 chart ahead of that event is still calling for the upside, amid recent US dollar's strengthening. Currently, a bullish trend line from August 24th low can be seen on this timeframe and eventually it should act as dynamic support. EUR could rally towards the resistance zone of 1.1320, in case that Yellen didn't bring clear hints of further hikes on this year. In the hawkish scenario, a breakout below the support zone of 1.1272 can push the pair towards the 1.1209 level. More: https://new.fxbazooka.com/analytics/10210 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 EUR/USD: euro met an inside bar 8/26/2016 On the daily EUR/USD chart the bulls managed to make the pair hold above support at 1.1269 and counterattacked. The pair formed an inside bar, which points at uncertainty. The break of yesterday's low at 1.124 will make the pair decline to 1.1175. Resistance is near 1.1345. On H1 convergence area of 1.1233-1.1244 became a big obstacle for the bears. If the bulls manage to bring the pair above 1.1290, the pair will fight to overcome the lower border of the bullish channel. On the contrary, another test of support will increase the risks of decline to 1.1169. More: https://new.fxbazooka.com/analytics/10213 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 Gold: bears want to leave the ledge 8/26/2016 On the daily chart of XAU/USD the bears managed to bring the pair below the lower border of the short-term uptrend and pull it to support at $1313 an ounce. Successful test of the ledge's lower border ("Spike and ledge" pattern based on 1-2-3) will allow the pair to slide towards $1280 and lower. On H1 after the pair reached target of the triangle and settled below $1345, so that the bears got control. Targets of senior and junior AB=CD patterns allowed to spot convergence area of $1312-1316. Its successful test will make the pair resume descent, recoil will allow the pair to rise towards $1332,5. More: https://new.fxbazooka.com/analytics/10214 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 EUR/USD: local upward movement going to move on 8/26/2016 Bulls faced a resistance on the 34 Moving Average, so the price is currently declining. Considering the last “Double Top” pattern, the market is likely going to get a support at 1.1235 – 1.1222 in the short term. If we see a pullback from this area, there’ll be an opportunity to have a correction towards a resistance at 1.1365 – 1.1381. We’ve got a consolidation along the Moving Averages. It’s likely that the price is going to reach a resistance at 1.1282 – 1.1324 during the day. However, if a pullback from these levels happens, bears will probably try to catch the next support at 1.1244 – 1.1235. More: [uR:L=https://new.fxbazooka.com/analytics/10215]https://new.fxbazooka.com/analytics/10215[/url] Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 GBP/USD: price faced support by local uptrend 8/26/2016 There’s a “Double Top” pattern, which has been confirmed, so the market achieved a support at 1.3160. Therefore, bears are likely going to reach the next support at 1.3119 soon. At the same time, if a pullback from this level be on the table, we should keep an eye on the closest resistance at 1.3271 – 1.3302 as a possible bullish intraday target. The price faced a support by the local uptrend, which led to an achievement of the nearest resistance at 1.3214. So, bulls are likely going to reach the next resistance at 1.3247 shortly. However, if we see a pullback from here, there’ll be a chance to have another decline towards a support at 1.3183 – 1.3160. More: https://new.fxbazooka.com/analytics/10216 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 EUR/USD: the Bulls are trying to return the positions 8/26/2016 Technical levels: support – 1.1270; resistance – 1.1330, 1.1360, 1.1450. Trade recommendations: 1. Buy — 1.1300; SL — 1.1280; TP1 — 1.1360; TP2 – 1.1450. Reason: a dead cross of Tenkan-sen and Kijun-sen, but the bullish Ichimoku Cloud and the prices breaking out the resistance of Kijun-sen. More: https://new.fxbazooka.com/analytics/10217 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 USD/JPY: under the Senkou Span A 8/26/2016 Technical levels: support – 100.00; resistance – 100.40. Trade recommendations: 1. Sell — 100.40; SL — 100.60; TP1 — 99.00; TP2 — 98.50. Reason: a bearish Ichimoku Cloud; Tenkan-sen and Kijun-sen are horizontal; a strong consolidation under resistance of Senkou Span A. More: https://new.fxbazooka.com/analytics/10218 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 EUR/USD: bears going to deliver wave iii 8/26/2016 There’s a possible ended zigzag in wave © of [y], which led to form a downward impulse in wave i. Also, we’ve got a double pullback from 6/8 Murrey Math Level (P=200). Under this circumstances, bears are likely going to deliver wave iii of (a) shortly, so we should keep an eye on 3/8 MM Level as an intraday target. We’ve got a bearish impulse in wave i, which has been formed right after a diagonal triangle in wave v of ©. Also, there’s a probable zigzag in wave ii. So, if bears finds a lodgement under 6/8 Murrey Math Level (P=250), there’ll be an opportunity to have wave iii. More: https://new.fxbazooka.com/analytics/10219 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 EUR/USD: bulls supported by "Hammer" 8/26/2016 There’s a correction under the nearest “Window”. Also, we’ve got a “Hammer” on the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to test the “Window” once again. If we see a pullback from its upper side, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, here’s a “Harami” under the closest “Window”, so bulls will probably try to reach the nearest resistance. We’ve got an “Engulfing” and a “Shooting Star” at the local high. In this case, it’s likely to see a support by the lower side of the “Window”. If a pullback from this level happens, bulls are likely going to deliver a local upward price movement. More: https://new.fxbazooka.com/analytics/10220 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 NZD/USD reached buy target 0.7300 8/26/2016 NZD/USD reached buy target 0.7300 Next buy target - 0.7400 NZD/USD continues to rise after the earlier breakout of the resistance level 0.7300, which was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 0.7300 is likely to accelerate the active minor impulse wave (v), which belongs to the C-wave from the middle of July (which began when the pair reversed up from the support zone near the round support level 0.7000). NZD/USD is expected to continue the upward movement in the direction of the next resistance level 0.7400 (coinciding with the resistance trendline of the wide daily up channel from last year). More: https://new.fxbazooka.com/analytics/10223 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 USD/JPY: unending consolidation 8/26/2016 We’ve got a “Shooting Star” and a “Tweezers” at the local high, but both patterns haven’t been confirmed yet. So, there’s an opportunity to see one more test of the nearest “Window”. If it acts as a support, bulls are likely going to reach the 34 Moving Average. As we can see on the Daily chart, here’s a consolidation under the nearest resistance level, but bears are still free to achieve the lower “Window” in the short term. The price is moving up and down in a range of the Monday’s “Window”. We’ve got an “Engulfing” and a “Three Methods” patterns, so the market is likely going to reach the lower side of the range. However, if we see a pullback from this level, bulls will probably try to push the market a little bit higher. More:https://new.fxbazooka.com/analytics/10221 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 26, 2016 Report Share Posted August 26, 2016 GBP/AUD reversed from resistance zone 8/26/2016 GBP/AUD reversed from resistance zone Next sell target - 1.7000 GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.7500, 61.8% Fibonacci correction of the previous minor impulse wave 3 and the lower trendline of the wide weekly down channel from last year (acting as resistance now after it was broken in July). This trendline earlier reversed waves 2 and (b), as can be seen from the daily GBP/AUD chart below. GBP/AUD is expected to fall down further inside the active (b)-wave of the minor ABC correction 4 toward the next sell target 1.7000. Sell stop-loss can be placed above the aforementioned resistance level 1.7500. More: https://new.fxbazooka.com/analytics/10222 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2016 Report Share Posted August 29, 2016 Key option levels for Monday, August 29th 8/29/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 39 305 ? - 29 614 ? Closest resistance levels 1.1221; 1.1250; 1.1271; 1.1299 Closest support levels 1.1187; 1.1164/48; 1.1125; 1.1097 Trading recommendations Baseline scenario Long EUR/USD above 1.1221, with the target points at 1.1250 and 1.1271 Alternative scenario Moving below 1.1187 can be considered as a signal to sell the pair, with target at 1.1164 and 1.1125 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 1 062 ? + 943 ? Closest resistance levels 1.3156; 1.3178; 1.3215; 1.3239 Closest support levels 1.3105; 1.3082; 1.3064; 1.3042 Trading recommendations Baseline scenario Short GBP/USD below 1.3105, with target points at 1.3082 and 1.3064 Alternative scenario Moving above 1.3156 can be considered as a signal to buy the pair, with target at 1.3178 and 1.3215 USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 768 ? + 1 446 ? Closest resistance levels 102.41; 102.62; 102.88; 103.19 Closest support levels 101.66; 101.37; 100.99; 100.73 Trading recommendations Baseline scenario Buy USD/JPY above 102.41, with the target points at 102.62 and 102.88 Alternative scenario Moving below 101.66 can be considered as a signal to sell the pair, with target at 101.37 and 100.99 USD/CAD Main trend Short-term period Medium-term period Neutral Bullish Changes in the open interest + 943 ? + 905 ? Closest resistance levels 1.3033; 1.3051; 1.3086; 1.3134 Closest support levels 1.2974; 1.2948; 1.2912; 1.2860 Trading recommendations Baseline scenario Long USD/CAD above 1.3033, with the target points at 1.3051 and 1.3086 Alternative scenario Moving below 1.2974 can be considered as a signal to sell the pair, with target at 1.2948 and 1.2912 More: https://new.fxbazooka.com/analytics/10228 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2016 Report Share Posted August 29, 2016 EUR/USD: bears celebrating trend breakdown 8/29/2016 We’ve got a “Triple Top” pattern, which led to the current bearish price movement. Also, the last uptrend has been broken. So, the price is likely going to reach a support at 1.1130 in the short term. The pair faced a support at 1.1176, so we’ve got a local consolidation. In this case, bulls will probably try to achieve a resistance at 1.1235 – 1.1244 during the day. If a pullback from this area happens, there’ll be an opportunity to have another bearish movement towards the next support at 1.1176 – 1.1152. More: https://new.fxbazooka.com/analytics/10229 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
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