Market analysis and trade recommendations by FBS

[fxapex]

EURUSD has been down after a period of upward trend, their might be a back off in the pair due to which prices might roll back.

[aditya121]

edited by Traderbeauty

No commercial spam.

Jane

Edited April 25, 2015 by Traderbeauty

[riki143]

MARKET NEWS

 

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: 1.0800 (EUR 521m), 1.0900 (1.1bln)

 

GBP/USD: 1.5080/90 (GBP 420m), 1.5200 (264m)

 

USD/JPY: 119.00 (USD 738m), 120.00 (1.8bln)

 

USD/CAD: 1.2000 (USD 700m), 1.2035/50 (700m), 1.2165 (804m), 1.2200 (807m)

 

AUD/USD: 0.7780/90 (AUD 560m)

 

NZD/USD: 0.7575 (NZD 283m).

 

More:

http://fxbazooka.com/en/news/show/2626

[riki143]

Forex Analytics

 

Danske Bank: trade signals for April 27

 

Open positions:*

 

EUR/USD: Hold LONG at 1.0734, TAKE PROFIT 1.0988, STOP LOSS 1.0783 (revised)

 

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7422, STOP LOSS 0.7670

 

AUD/USD: Hold LONG at 0.7793, TAKE PROFIT 0.7939, STOP LOSS 0.7703

 

USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2275

 

EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250

 

EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0495 (revised), STOP LOSS 1.0299

 

GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 181.80, STOP LOSS 179.60

 

Trade ideas:

 

USD/JPY: BUY at 118.72, TAKE PROFIT 120.17, STOP LOSS 118.48

 

GBP/USD: BUY at 1.5088, TAKE PROFIT 1.5317, STOP LOSS 1.5013

 

USD/CHF: SELL at 0.9590, TAKE PROFIT 0.9450, STOP LOSS 0.9640

 

EUR/JPY: BUY at 128.45, TAKE PROFIT 130.79, STOP LOSS 127.85

 

EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375

 

____________________________________________________________

 

*Danske Bank applies trailing stop orders (moved together with the price)

 

More:

http://fxbazooka.com/en/analitycs/show/4782

[riki143]

Forex Analytics

 

Westpac: forecasts for FX majors

27 April 2015

 

Analysts at Westpac released their Forex forecasts:

 

http://fxbazooka.com/upload/tiny/Analytics/2015/April/21/Westpac.jpg

 

More:

http://fxbazooka.com/en/analitycs/show/4783

[riki143]

Forex Analytics

 

Trading plan for April 28

 

By Kira Iukhtenko

 

https://www.youtube.com/watch?v=n8xMbVWs80A

 

Demand for the US dollar revived on Monday in the global environment of uncertainty. We’ll watch the consumer confidence index on Tuesday (14:00 GMT). Market attention is glued to the Wednesday’s US calendar: there are advance Q1 GDP (12:30 GMT) and FOMC meeting (18:00 GMT) on the schedule. Rate hike expectations will likely fix on September after these releases, so the USD bullish correction is limited.

 

EUR/USD pulled down from the 1.0900 mark as the Greek voes continue to hurt market sentiment. Last week’s Eurogroup meeting failed to bring any progress; negotiations continue. Tomorrow there are no releases on the agenda, while on Wednesday Germany will release its April CPI (forecast: -0.1% vs. 0.5% in March). Support is seen at 1.0710 and 1.0660.

 

GBP/USD retraced from the 1.5150/5200 resistance area (100-day MA, trend line). Break above 1.5200 could open the way to the 1.5500 area, but the direction will get clear after the UK and US Q1 GDP releases and the Fed. UK is scheduled to release its preliminary Q1 GDP tomorrow (forecast: +0.5% vs. +0.6% in Q4).

 

USD/JPY found buying interest at 118.80 and climbed above 119.00 on Monday. Watch Japanese retail sales late on Monday (22:50 GMT). The indicator is expected to have plummeted by more than 7% in March, so we could see more JPY weakness. Another push to 120.00 or 120.50 is expected. By the way, Fitch rating agency downgraded Japan's credit rating from A+ to A over the weekend.

 

AUD/USD is trying to hold above 0.7800. Resistance lies in the 0.7840 (April highs) and at 0.7890 (100-day MA), while support – at 0.7760, 0.7680 and 0.7640/25. RBA governor Stevens will deliver a speech at 22:40 GMT on Monday.

 

More:

http://fxbazooka.com/en/analitycs/show/4800

[riki143]

MARKET NEWS

 

Key option levels

28 April 2015

 

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: 1.0795/1.0800 (EUR 670m), 1.0885 (747m), 1.0900 (400m)

 

GBP/USD: 1.5150 (GBP 257m), 1.5185 (235m), 1.5250 (1.2bln)

 

USD/JPY: 119.00 (USD 530m), 120.00 (610m)

 

USD/CAD: 1.2250 (USD 518m)

 

AUD/USD: 0.7790/0.7800 (AUD 1bln), 0.7830 (300m)

 

NZD/USD: 0.7500 (NZD 565m)

 

EUR/GBP: 0.7190 (EUR 257m), 0.7345 (600M)

 

EUR/JPY: 130.70 (EUR 330m)

 

More:

http://fxbazooka.com/en/news/show/2632

[riki143]

Forex Analytics

 

Danske Bank: signals for April 28

 

Open positions:*

 

EUR/USD: Hold LONG at 1.0734, TAKE PROFIT 1.0988 (revised), STOP LOSS 1.0783 (revised)

 

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.17, STOP LOSS 118.45

 

USD/CHF: Hold LONG at 0.9555, TAKE PROFIT 0.9718, STOP LOSS 0.9485

 

AUD/USD: Hold LONG at 0.7793, TAKE PROFIT 0.7939, STOP LOSS 0.7703

 

USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2210 (revised)

 

EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250

 

EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0495 (revised), STOP LOSS 1.0299

 

GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 181.80, STOP LOSS 179.60

 

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7422, STOP LOSS 0.7670

 

Trade ideas:

 

GBP/USD: Look to BUY

 

EUR/JPY: BUY at 129.20, TAKE PROFIT 130.79, STOP LOSS 128.68

 

EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375

 

____________________________________________________________

 

*Danske Bank applies trailing stop orders (moved together with the price)

 

More:

http://fxbazooka.com/en/analitycs/show/4812

[riki143]

Forex Analytics

 

Forex trading plan for April 29

 

Wednesday will be an intense day: markets will likely be consolidative ahead of the US releases which will create strong volatility during the American session. The US will release Q1 GDP at 12:30 GMT (forecast: +1.0%), and the Federal Reserve will publish its statement at 18:00 GMT. As the prospects of the US currency look very uncertain, other currencies feel rather well versus the greenback. We don’t expect major changes in the Fed’s policy and think that the impact on the US dollar will be moderately negative.

 

EUR/USD has reached 1.0950. The pair was also driven by some hopes for a closer deal between Greece and its creditors as the Greek negotiating team was reshuffled so that the influence of an aggressive finance minister Yanis Varoufakis has diminished. The pair is trying to overcome the 55-day MA at 1.0930. Daily close above this level will be a bullish signal. Support is at 1.0850 and 1.0786. Resistance is at 1.0995, 1.1050 and 1.1166 (top of the daily Ichimoku).

 

GBP/USD has reached 1.5300 despite the fact that British data showed weaker-than-expected GDP growth in Q1 (only 0.3% vs. 0.6% in the previous quarter). Support is at 1.5177 (100-day MA) and 1.5100. Resistance is at 1.5350 ahead of 1.5500. It seems that the pound has some upside potential before the reversal down.

 

USD/JPY is little changed below 119.25 (55-day MA) and above Monday’s low at 118.77. As long as the pair remains above 118.30, the outlook remains bullish warranting an increase to resistance at 119.70. Still, it may be difficult for the US dollar to hold ground if American GDP disappoints. There’s no further support until 117.20.

 

AUD/USD reached 0.7970 making a break though to the upside. A close above here will strengthen the case for the advance to 0.8030 and then to 0.8250. NZD/USD returned to 0.7700. Traders await the meeting of the Reserve Bank of New Zealand at 21:00 GMT on Wednesday. If the RBNZ keeps rates on hold, as we expect, the pair may rise to 0.7800. There will be an obstacle at 0.7740.

 

More:

http://fxbazooka.com/en/analitycs/show/4825

[riki143]

Forex Analytics

 

Danske Bank: trade signals for Apr. 29

 

Open positions:*

 

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.17, STOP LOSS 118.45

 

USD/CHF: Hold LONG at 0.9555, TAKE PROFIT 0.9718, STOP LOSS 0.9485

 

USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2138 (revised)

 

EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250

 

GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 183.15, STOP LOSS 180.60

 

Open positions:

 

EUR/USD: BUY AT 1.0935, TAKE PROFIT 1.1052, STOP LOSS 1.0855

 

GBP/USD: BUY AT 1.5265, TAKE PROFIT 1.5529, STOP LOSS 1.5165

 

AUD/USD: BUY AT 0.7910, TAKE PROFIT 0.8137, STOP LOSS 0.7835

 

EUR/JPY: BUY AT 130.10 (revised), TAKE PROFIT 131.87, STOP LOSS 129.30

 

EUR/CAD: SELL AT 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375

 

NZD/USD: BUY AT 0.7670 (revised), TAKE PROFIT 0.7890, STOP LOSS 0.7605

 

More:

http://fxbazooka.com/en/analitycs/show/4830

[riki143]

Forex Analytics

 

Danske Bank: trade signals for Apr. 30

 

Open positions:

 

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.17, STOP LOSS 118.45

 

USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2138 (revised)

 

EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250

 

EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0580 (revised), STOP LOSS 1.0379

 

GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 185.05, STOP LOSS 181.45

 

Trade ideas:

 

EUR/USD: BUY at 1.1039, TAKE PROFIT 1.1245, STOP LOSS 1.0959

 

GBP/USD: BUY at 1.5355, TAKE PROFIT 1.5570, STOP LOSS 1.5288

 

USD/CHF: SELL at 0.9445, TAKE PROFIT 0.9259, STOP LOSS 0.9516

 

AUD/USD: BUY at 0.7940, TAKE PROFIT 0.8235, STOP LOSS 0.7833

 

EUR/JPY: BUY at 131.55, TAKE PROFIT 134.60, STOP LOSS 130.26

 

EUR/CAD: Possibly BUY

 

NZD/USD: Possibly SELL

 

More:

http://fxbazooka.com/en/analitycs/show/4848

[riki143]

Forex Analytics

 

USD/JPY: breakthrough is coming

 

By Elizaveta Belugina

 

On Monday USD/JPY fell below the 100-day MA and spent the rest of the week below this line. Although the bulls probably want to see some moves up, the pair lacks drivers for growth. The tone of the US Federal Reserve was very balanced. The markets worry about the recent stream of weak data and don’t expect the rate hike in June. The Bank of Japan has also left its policy unchanged refraining from additional monetary stimulus. Although Japanese regulator cut inflation forecast for this fiscal year, it wasn’t by much. As a result, nothing provoked big moves of the market.

 

https://www.youtube.com/watch?v=MF0PUkglBt4

 

USD/JPY is trapped between 119.30 and 118.50. Technically we see several patterns on the chart: 2 descending triangles – one smaller with resistance drawn through April highs and one bigger with resistance connecting March and April maximums. As for support area, it’s the same for 2: in the 118.50/30 area. The fall below this zone will cause a decline to 117.20/00 – the bottom of the 2-months descending channel and previous lows. Resistance is at 119.75 and 120.00.

 

Japanese economic calendar is almost empty. The nation’s banks will be closed in the first 3 days of the week because of the various holidays. On Thursday there will be some comments from the Bank of Japan, but the real market mover will be the US data releases, especially labor market figures on Wednesday and Friday.

 

More:

http://fxbazooka.com/en/analitycs/show/4857

[riki143]

Forex Analytics

 

GBP/USD: how far can the bulls go?

 

By Kira Iukhtenko

 

https://www.youtube.com/watch?v=TNnEFWyYbU4

 

British pound benefitted from the broad-based USD weakness last week. GBP/USD surged by more than 400 pips, approaching the 1.5500 resistance – this is the February high. There are a lot of sell-orders clustered in this area, so we expect a pullback to follow in the coming days. Daily RSI confirms that the market has already become overbought. Support is seen at 1.5200 and 1.5080.

 

It's interesting that the pound was massively bought despite the mixed bag of data coming out. US economy rose by only 0.3% in Q1, while retail sales dropped by 0.5% in March. Parliamentary election on May 7 will likely become a good fundamental reason to sell the cable. According to the most recent surveys, Conservative party pushed a bit forward, but the overweight remains small and unstable. Next week we’ll also watch the UK April PMI indices.

 

More:http://fxbazooka.com/en/analitycs/show/4854

[riki143]

Forex Analytics

 

EUR/USD: will growth continue?

 

By Elizaveta Belugina

 

https://www.youtube.com/watch?v=-uLN8t_rZqo

 

EUR/USD showed another week of growth rising above 1.1200. The euro went above the late March – early April highs and closed above January low at 1.1097 on Wednesday.

 

The pair got strength from the general weakness of the US dollar. In addition, the single currency was driven up by the rising German bund yields as the fears of deflation is the euro area receded. Moreover, the prospects of Greece getting bailout money improved. The nation reshuffled its negotiating team decreasing the role of Finance Minister Yanis Varoufakis. As you might remember, Varoufakis failed to achieve progress in the talks with the European creditors. Greek government hopes that now when Varoufakis is pushed aside, lenders will be more compliant.

 

The next meeting of the Euro group will take place on May 11. Until then major developments of the Greek situation are unlikely, though occasional comments from various officials will stir the euro. The first week of May will be rather light in terms of economic data from the euro area. Pay some attention to the release of the EU economic forecasts on Tuesday.

 

The area of 1.1215/50 offers rather strong resistance. However, market participants will be very cautious with selling the single currency. Next target on the upside is the 100-day MA at 1.1311. EUR/USD is expected to find strong support at 1.1100 and 1.1000. We may see some consolidation between 1.12 and 1.10.

 

More:

http://fxbazooka.com/en/analitycs/show/4856

[riki143]

Forex Analytics

 

USD/SGD: buy target – 1.3200

4 May 2015

 

By: Dima Chernovolov

 

USD/SGD completed intermediate ABC correction (2)

Next buy target – 1.3200

USD/SGD recently reversed up sharply from the strong support zone lying between the support level 1.3200 (former resistance which reversed the pair in last December, as you can see from the daily USD/SGD chart below), the lower daily Bollinger Band and the 50% Fibonacci Correction of the previous extended upward impulse from August of 2014. The upward reversal from this support zone completed the preceding sharp intermediate ABC correction (2) from the middle of March.

 

USD/SGD is likely to rise further – in line with the strong uptrend visible on the daily charts – toward the next buy target at 1.3390. Strong support remains at 1.3200.

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/USDSGD%20-%20Primary%20Analysis%20-%20May-04%201031%20AM%20(1%20day)%20650.png

 

More:

http://fxbazooka.com/en/analitycs/show/4880

[riki143]

Forex Analytics

 

AUD/USD: sell target - 0.7700

4 May 2015

 

By: Dima Chernovolov

 

-AUD/USD reached buy target 0.8000

-Next sell target - 0.7700

 

AUD/USD recently reversed down sharply after the pair reached the round resistance level 0.8000, which was set as the buy target in our previous forecast for this currency pair. The resistance zone near 0.8000 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci Correction of the previous downward impulse from the middle of January (as you can see from the daily AUD/USD chart below).

 

The downward reversal from 0.8000 created the strong Japanese candlesticks reversal pattern – Evening Star Doji – thereby completing the previous intermediate ABC correction (4). AUD/USD is likely to fall to the next sell target at 0.7700.

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/AUDUSD%20-%20Primary%20Analysis%20-%20May-04%201028%20AM%20(1%20day)650.png

 

More:

http://fxbazooka.com/en/analitycs/show/4878

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 5

 

Open positions:*

 

EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1389, STOP LOSS 1.1048

 

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.84 (revised), STOP LOSS 119.20 (revised)

 

USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9216 (revised), STOP LOSS 0.9516

 

EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0604 (revised), STOP LOSS 1.0379

 

EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295

 

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392 (revised), STOP LOSS 0.7685

 

Trade ideas:

 

GBP/JPY: BUY at 181.35, TAKE PROFIT 185.05, STOP LOSS 180.60

 

GBP/USD: BUY at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5049

 

EUR/CAD: Possibly BUY

 

AUD/USD: Possibly BUY

 

USD/CAD: Possibly SELL

 

___________________________________________________________

 

*Danske Bank applies trailing stop orders (moved together with the price)

 

More:

http://fxbazooka.com/en/analitycs/show/4895

[riki143]

MARKET NEWS

 

RBA cut benchmark rate

5 May 2015

 

EUR/USD eased down to the 1.1100 area after it met resistance at 1.1290 on Friday (100-day MA). The pair finds support at the daily Ichimoku Cloud at 1.1066.

 

GBP/USD is trying to hold above 1.5100 after it fell last week from highs in the 1.5500 area. The pound is under pressure ahead of the UK election which will take place on Thursday. The latest opinion polls continue to put the Conservative and Labour parties neck and neck, so there’s a very strong risk of a hung parliament.

 

USD/JPY is trying to hold above 120.00. US Treasury yields rose to 7-week high. It’s a bank holiday in Japan. Traders are waiting for the release of the ISM non-manufacturing PMI.

 

AUD/USD is trading on the upside in the 0.7870 area. The Reserve Bank of Australia cut its benchmark rate to 2.0%. Still, such decision was widely expected, so after the initial dip traders took profit on short positions closing them.

 

More:

http://fxbazooka.com/en/news/show/2644

[riki143]

Forex Analytics

 

Forex trading plan for May 6

 

https://www.youtube.com/watch?v=oNm07-mdjR4

 

Market players expect improvement in the US labor market data due on Wednesday and Friday. This should keep the greenback supported, though to see big moves up of the American currency we’ll still need to see more positive news from the United States. Note that if NFP (Non-Farm Payrolls) disappoint on Friday, the US dollar will resume declining as the market would see bad data as the sign that weak economic effects are less transitory than the Fed said at its meeting last week. In addition, on Wednesday don’t miss the speech of the Fed’s Chair Janet Yellen at 13:15 GMT.

 

EUR/USD retraced 38.2% of the December/March decline and met resistance at the 100-day MA just below 1.13. The pair finds support at the daily Ichimoku Cloud at 1.1066. Nearby there’s also support of March/April highs in the 1.1050/35 zone.

 

GBP/USD is trading just above 1.5100 supported by the daily Ichimoku Cloud (1.5093) and 55-day MA (1.5045). Next support is at 1.4970. The upside will remain limited ahead of the UK election on Thursday. Resistance is at 1.5155 (100-day MA). Britain’s construction P<I on Tuesday was weaker than expected. On Wednesday watch UK services PMI.

 

USD/JPY returned above the 55-day MA and the psychological level of 120.00 as well as above the resistance line connecting March and April highs. This makes the bulls stronger. Resistance is at 120.84 ahead of 121.50. Support is at 119.80 and 119.30.

 

AUD/USD rose to 0.7918 as traders covered short positions after the Reserve Bank of Australia cut its benchmark interest rate to the record low of 2%. Aussie faces resistance provided by the top of the daily Ichimoku Cloud (0.7910). Next resistance is at 0.7950/75. Australia will release retail sales data on Wednesday.

 

More:

http://fxbazooka.com/en/analitycs/show/4896

[riki143]

MARKET NEWS

 

Key option levels

6 May 2015

 

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: 1.1000 (EUR 546m), 1.1020/30 (892m), 1.1100 (283m), 1.1150/60 (800m);

 

GBP/USD: 1.5000 (GBP 216m), 1.5100 (209m), 1.5170 (175m);

 

USD/JPY: 120.50 (USD 653m), 121.00 (696m);

 

AUD/USD: 0.7800 AUD (200m), 0.7900 (405m).

 

More:

http://fxbazooka.com/en/news/show/2648

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 6

 

Open positions:*

 

EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1389, STOP LOSS 1.1048

 

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 121.41 (revised), STOP LOSS 119.20 (revised)

 

GBP/USD: Hold LONG at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5086 (revised)

 

USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9196 (revised), STOP LOSS 0.9448 (revised)

 

EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295

 

GBP/JPY: Hold LONG at 182.15, TAKE PROFIT 185.05, STOP LOSS 181.30

 

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392 (revised), STOP LOSS 0.7585 (revised)

 

Trade ideas:

 

EUR/JPY: BUY at 134.05, TAKE PROFIT 135.94, STOP LOSS 133.05

 

EUR/CHF: Possibly SELL

 

EUR/CAD: Possibly SELL

 

AUD/USD: Possibly BUY

 

USD/CAD: Possibly SELL

 

___________________________________________________________

 

*Danske Bank applies trailing stop orders (moved together with the price)

 

More:

http://fxbazooka.com/en/analitycs/show/4907

[riki143]

Forex Analytics

 

Trading plan for May 7

 

By Kira Iukhtenko

 

https://www.youtube.com/watch?v=j41P2zFoe5c

 

The US Dollar came under bearish pressure on Wednesday – preliminary April NFP from ADP came well below the forecast (159K versus 199K expected). What’s more, the March reading has been revised to the downside to 175K. Market expectations for the Friday’s NFP release are turning more and more negative, weighting on the greenback. We’ll watch the unemployment claims figure on Thursday (forecast – slight increase).

 

North-American currency is expected to stay under pressure until the end of the week. EUR/USD was seen testing the May 1 high of 1.1290 on Wednesday. There is a double bottom pattern with a neckline at 1.1050 being formed. We expect the correction to extend towards the 1.1530 resistance this week. Watch the German factory orders in the euro zone tomorrow.

 

UK parliamentary elections are taking place on Thursday, May 7. Political uncertainty is expected to increase after the election, as the government will have to form a coalition. That’s why the upside in GBP/USD will be limited. A weekly candle with a long upper shadow also is a bearish signal. Support - 1.5080, 1.5000 and 1.4950. Break lower would open the way for a new wave of selling.

 

AUD/USD pushed above 0.8000. Watch out the resistance in the 0.8070 area. Australia will release labor market data tonight – forecasts are downbeat.

 

USD/JPY came back under bearish pressure, failing to overcome 120.50. We target the triangle bottom at 118.50 in the coming days.

 

More:

http://fxbazooka.com/en/analitycs/show/4923

[riki143]

MARKET NEWS

 

Key option levels

7 May 2015

 

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:

 

GBP/USD: 1.5000 (GBP 226m), 1.5150 (150m)

 

USD/JPY: 119.00 (USD 650m), 120.50/60 (650m)

 

USD/CAD: 1.1950 (USD 482m)

 

AUD/USD: 0.7890 (AUD 349m), 0.7900 (302m)

 

NZD/USD: 0.7525 (NZD 442m)

 

EUR/GBP: 0.7250/65 (EUR 210m)

 

More:

http://fxbazooka.com/en/news/show/2652

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 7

 

Open positions:*

 

EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1450 (revised), STOP LOSS 1.1160 (revised)

 

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 121.41 (revised), STOP LOSS 119.20 (revised)

 

GBP/USD: Hold LONG at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5145 (revised)

 

USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9046 (revised), STOP LOSS 0.9415 (revised)

 

AUD/USD:Hold LONG at 0.7950, TAKE PROFIT 0.8182, STOP LOSS 0.7850

 

EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295

 

GBP/JPY: Hold LONG at 182.15, TAKE PROFIT 185.05, STOP LOSS 181.30

 

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392, STOP LOSS 0.7585

 

Trade ideas:

 

EUR/JPY: BUY at 134.85 FOR 136.70; STOP AT 134.04

 

USD/CAD: SELL at 1.2085 FOR 1.1803; STOP AT 1.2140

 

EUR/CHF: Possibly SELL

 

EUR/CAD: Possibly SELL

 

__________________________________________________________________________

 

*Danske Bank applies trailing stop orders (moved together with the price)

 

More:

http://fxbazooka.com/en/analitycs/show/4928

[riki143]

Forex Analytics

 

Forex trading plan for May 8

 

https://www.youtube.com/watch?v=mmfUrCM6WtQ

 

The market’s attitude towards the US dollar has dramatically deteriorated in comparison with the hopes seen at the beginning of the week. ADP employment report missed the forecast, especially taking into account the fact that the previous reading was revised to the downside. The unemployment claims released on Thursday, however, came lower than expected (265K vs. 277K) – this is the main source of hope for the USD bulls ahead of the Non-Farm Payrolls. NFP is expected to show gain of 227K jobs vs. 126K in March. The unemployment rater is expected to decline from 5.5% to 5.4%.

 

Friday promises a very volatile trading. We’ll see bigger market reaction if NFP disappoints than if it comes at a good level. Our main scenario is to prepare for a USD-negative scenario.

 

EUR/USD reached 1.1390 where it met some resistance. The euro looks overbought. Support is at 1.1250 (100-day MA) and 1.1150. If US NFP is below forecast, the pair may jump to 1.1500/35.

 

GBP/USD is awaiting the results of the UK election: the exit polls figures will be available around 21:00 GMT. Conservatives ahead will be GBP-positive, while Labourists ahead will be GBP-negative. Watch support at 1.5100 and resistance at 1.5270. A break of one of these levels may provoke a move either to 1.4900 or 1.5550.

 

USD/JPY is slowly declining for the fourth day in a row. Support is at 118.70/50. Resistance is at 120.00 and 120.50. Below the latter level the bears will continue to dominate. A miss in NFP will make the pair challenge 118.50/30.

 

AUD/USD has lost some momentum as it failed to settle above 0.8000 as Australian labor market data was weaker than forecasts. Resistance is at 0.8030. Support is at 0.7900, 0.7840 and 0.7760. The Reserve Bank of Australia will release monetary policy statement on Friday morning. Buying on the dips may prove to be a right strategy.

 

More:

http://fxbazooka.com/en/analitycs/show/4945