Market analysis and trade recommendations by FBS

[riki143]

Forex Analytics

 

EUR/GBP: sell targets – 0.7130 and 0.7100

19 May 2015

 

By: Dima Chernovolov

 

-EUR/GBP reached the sell target 0.7200

-Next sell targets – 0.7130 and 0.7100

 

EUR/GBP recently reached the sell target 0.7200 which was set in our previous forecast for this pair. After reaching this sell target EUR/GBP corrected up to the resistance zone lying between the 38.2% and 50% Fibonacci Retracement levels of the earlier sharp minor corrective wave 2, which started earlier this month. The downward reversal from the aforementioned zone continues the strong downtrend which can be seen on the daily EUR/GBP.

 

EUR/GBP is likely to fall further to the next sell target 0.7130 (which reversed previous waves (B) and 2). If EUR/GBP breaks below the support level 0.7130 – the pair can then fall further to 0.7100.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/EURGBP%20-%20Primary%20Analysis%20-%20May-19%201002%20AM%20(1%20day)%20650.png

 

More:

http://fxbazooka.com/en/analitycs/show/5090

[riki143]

Forex Analytics

 

Forex trading plan for May 20

 

EUR/USD slid below the 100-day MA at 1.1175. Support lies at 1.1100, 1.1050 and 1.1000. The pair was under attack from both sides: the euro was weakened by the comments of the ECB board member about the asset purchases in May and June and bad figures from Germany, while the US dollar was strengthened by the unexpectedly good American housing market data. On Wednesday the Fed will release minutes of its April meeting. We don’t expect the central bank to signal a June rate hike, but once again say that all will depend on the economic data. This may limit the dollar’s decline, but with the increased pressure on the euro, EUR/USD should be a sell on rallies.

 

GBP/USD fell to 1.5450. UK CPI contracted in April on the annual basis. This means that the Bank of England may be father away from raising the interest rates than the market has thought. On Wednesday the Bank of England will release its meeting minutes. Decline below 1.5400 will open the way down to 1.5270 and 1.5150. Resistance is in the 1.5570/1.5600 area.

 

USD/JPY rose towards 120.50 on good figures from the US. The pair awaits the release of Japan’s Q1 GDP. Weak reading will help the pair get higher. Further resistance is at 120.85 and 121.00. Support is located at 119.90, 119.50 and 119.30.

 

AUD/USD fell to 0.7935. The minutes of the Reserve Bank of Australia’s meeting minutes showed that the central bank doesn’t rule out further rate cuts. Support is at 0.7855 and 0.7780. The levels of 0.8000/30 are now acting as resistance.

 

More:

http://fxbazooka.com/en/analitycs/show/5103

[riki143]

MARKET NEWS

 

Key option levels

20 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: 1.1100 (EUR 356m), 1.1200 (221m);

 

GBP/USD: 1.5690 (GBP 597m), 1.5600 (500m), 1.5450 (273m);

 

USD/JPY: 119.75 (USD 840m), 120.00 (730m);

 

USD/CAD: 1.2185 (USD 370m), 1.2205/10 (400m);

 

AUD/USD: 0.7900 (AUD 332m);

 

NZD/USD: 0.7250 (NZD 522m).

 

More:

http://fxbazooka.com/en/news/show/2684

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 20

 

Open positions:*

 

AUD/USD: Hold LONG at 0.7955, TAKE PROFIT 0.8164, STOP LOSS 0.7858

 

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7320

 

EUR/CHF: Hold LONG at 1.0395, TAKE PROFIT 1.0546, STOP LOSS 1.0395

 

NZD/USD: Hold SHORT at 0.7425, TAKE PROFIT 0.7192, STOP LOSS 0.7510

 

Trade ideas:

 

EUR/USD: SELL at 1.1166, TAKE PROFIT 1.1052, STOP LOSS 1.1218

 

USD/JPY: BUY at 120.20, TAKE PROFIT 121.41, STOP LOSS 119.75

 

USD/CHF: BUY at 0.9300, TAKE PROFIT 0.9481, STOP LOSS 0.9245

 

USD/CAD: BUY at 1.2105, TAKE PROFIT 1.2306, STOP LOSS 1.2003

 

GBP/USD: Possibly BUY on dips

 

EUR/JPY: Possibly BUY on dips

 

EUR/CAD: Possibly SELL

 

GBP/JPY: Possibly BUY

 

More:

http://fxbazooka.com/en/analitycs/show/5108

[riki143]

Forex Analytics

 

Trading plan for May 21

 

By Kira Iukhtenko

 

https://www.youtube.com/watch?t=11&v=CvYWk7E1KgE

 

The US dollar extends recovery for a third day in a row. On Thursday, we’ll watch the US unemployment claims and the Philly Fed manufacturing index (forecast – rise to 8,3).

 

EUR/USD tested 1.1060 on Wednesday, falling below the 100-day MA at 1.1160. Fix below 1.1060/50 would open the way for a decline to 1.0700. Greek problems remain a bearish factor for the euro. Watch the European PMI indices on Thursday – activity is expected to decline a little. Later in the day, the ECB will release its April meeting minutes.

 

GBP/USD is trying to recover back above 1.5500, supported by the BOE meeting minutes release. The next targets are seen at 1.5570 and 1.5600. Watch the UK retail sales on Thursday (forecast: +0,4%).

 

AUD/USD remains under pressure for a 5th day in a row and fell below 0.7900. The trend line support was broken to the downside. Next target is seen at 0.7790. NZD/USD is testing the important support at 0.7320. Fix below will open the way to 0.7175. Watch the Chinese HSBC manufacturing PMI tonight (forecast: 49,4).

 

More:

http://fxbazooka.com/en/analitycs/show/5123

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 21

 

Open positions:*

 

USD/JPY: Hold LONG at 120.80, TAKE PROFIT 122.03, STOP LOSS 120.19

 

AUD/USD: Hold LONG at 0.7955, TAKE PROFIT 0.8164, STOP LOSS 0.7858

 

USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2352, STOP LOSS 1.2128

 

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7320

 

GBP/JPY: Hold LONG at 187.30, TAKE PROFIT 190.40, STOP LOSS 185.94

 

NZD/USD: Hold SHORT at 0.7425, TAKE PROFIT 0.7192, STOP LOSS 0.7390

 

Trade signals:

 

EUR/USD: SELL at 1.1166, TAKE PROFIT 1.0994, STOP LOSS 1.1245

 

GBP/USD: BUY at 1.5505, TAKE PROFIT 1.5670, STOP LOSS 1.5440

 

USD/CHF: BUY at 0.9300, TAKE PROFIT 0.9481, STOP LOSS 0.9245

 

EUR/JPY: SELL at 135.40, TAKE PROFIT 133.11, STOP LOSS 135.90

 

EUR/CHF: SELL at 1.0450, TAKE PROFIT 1.0305, STOP LOSS 1.0507

 

EUR/CAD: Possibly SELL

 

_____________________________________________________________

 

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

 

More:

http://fxbazooka.com/en/analitycs/show/5129

[riki143]

Forex Analytics

 

Trading plan for May 22

 

US Dollar slowed its recovery on Thursday. Yesterday’s FOMC meeting minutes took the June rate hike off the table as most of the members believe the economy remains too weak. On Friday, States are scheduled to release its CPI at 12:30 GMT. Consumer prices are expected to have stayed in a green zone in April (+0.1% vs. +0.2% in March). Fed’s Chair Yellen will deliver a speech at 17:00 GMT (comments on the US economic outlook are expected).

 

EUR/USD has support at 1.1050: a close below this level is needed for further bearish developments. Support then will be at 1.0990 and 1.0905. Resistance is at 1.1225, 1.1250 and 1.1290. Watch the comments of the ECB’s President Mario Draghi at 08:00 GMT.

 

GBP/USD popped up to 1.5700 as the UK retail sales surprised to the upside on Thursday (+1.2% vs. +0.4% expected). We are ready to go long on a break above 1.5700. Next resistance is now seen at 1.5810 (May 14 high) and then at 1.5890 (200-week MA). Watch the public sector net borrowing data and the BOE’s Carney and Shafik speeches on Friday.

 

USD/JPY closed at 121.35 on Wednesday before retreating to 120.85 on Thursday. US dollar was helped by rising stocks and volatility created by the release of the Federal Reserve’s meeting minutes. On Friday pay attention to the Bank of Japan’s meeting and press conference. There are some rumors that the central bank may upgrade its economic assessment. If that happens, this will reduce the odds of further monetary stimulus and make the yen strengthen. SupportforUSD/JPYliesat 120.50 and120.00/119.80. Resistanceisat 121.80/122.00.

 

More:

http://fxbazooka.com/en/analitycs/show/5142

[riki143]

Forex Analytics

 

NZD/CAD: buy target - 0.9030

22 May 2015

 

By: Dima Chernovolov

 

-NZD/CAD reached sell target 0.8900

-Next buy target - 0.9030

 

NZD/CAD recently reversed up sharply from the support level 0.8900 (which was set as the sell target in our previous forecast for this currency pair). The upward reversal from this support level continues the active impulse wave ③ – which started earlier this month, when the pair reversed up sharply from the strong support level 0.8900. The upward reversal from this support level led to the formation of the strong Japanese candlestick reversal pattern Morning Star (the middle candle of which is also the Hammer).

 

NZD/CAD is likely to rise further toward the next buy target at the resistance level 0.9030.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/NZDCAD%20-%20Primary%20Analysis%20-%20May-22%201024%20AM%20(1%20day)%20650.png

 

More:

http://fxbazooka.com/en/analitycs/show/5144

[riki143]

Forex Analytics

 

AUD/NZD: sell target – 1.0600

22 May 2015

 

By: Dima Chernovolov

 

-AUD/NZD reversed from resistance zone

-Next sell target – 1.0600

 

AUD/NZD continues to decline after recently reversing down from the strong resistance level 1.0810 (which also previously reversed the minor corrective wave 2 at the end of January, as you can see below). The resistance zone near 1.0810 was strengthened by the upper daily Bollinger Band and by 61.8% Fibonacci Correction of the previous sharp downward price thrust from October. The price recently created the two daily Japanese candlesticks reversal patterns near the resistance level 1.0810 – Falling Star and Bearish Engulfing.

 

Having recently completed the intermediate ABC correction (2) - AUD/NZD is likely to fall further toward the next sell target 1.0600.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/AUDNZD%20-%20Primary%20Analysis%20-%20May-22%201035%20AM%20(1%20day)%20650.png

 

More:

http://fxbazooka.com/en/analitycs/show/5146

[riki143]

MARKET NEWS

 

Concerns about Greece hurt the euro

25 May 2015

 

EUR/USD fell to 1.0970. The single currency is under pressure because of the concerns about Greece.

 

The Greek interior minister, Nikos Voutsis, said on Sunday that Athens cannot make a 300 million euros ($330 million) debt repayment to the International Monetary Fund on June 5 unless it manages to reach a deal with its lenders.

 

All in all, Greece has to pay 1.56 billion euros ($1.72 billion) next month. The nation hasn’t received bailout aid since August and the European Central Bank has provided less help lately to Greek banks.

 

In the meantime, the ruling Radical Left Coalition Syriza narrowly rejected a call by party hardliners to miss its next International Monetary Fund loan payment. However, the party instead approved a text which claims the government will not sign a deal based on previous bailout agreements and rejects “ultimatums” by “the austerity fanatics.” Still, Syriza believes that a compromise with creditors is possible.

 

More:

http://fxbazooka.com/en/news/show/2692

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 25

 

Open positions:*

 

EUR/USD: Hold SHORT from 1.1115, TAKE PROFIT 1.0882, STOP LOSS 1.1210 (revised)

 

USD/JPY: Hold LONG from 120.80, TAKE PROFIT 122.03, STOP LOSS 120.45

 

USD/CHF: Hold LONG from 0.9300, TAKE PROFIT 0.9599 (revised), STOP LOSS 0.9279

 

USD/CAD: Hold LONG from 1.2200, TAKE PROFIT 1.2352, STOP LOSS 1.2160 (revised)

 

EUR/GBP: Hold SHORT from 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7200

 

EUR/CHF: Hold SHORT from 1.0450, TAKE PROFIT 1.0305, STOP LOSS 1.0507

 

GBP/JPY: Hold LONG from 187.30, TAKE PROFIT 192.00, STOP LOSS 187.82

 

Trade ideas:

 

EUR/CAD: BUY at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3392

 

NZD/USD: SELL at 0.7345, TAKE PROFIT 0.7177, STOP LOSS 0.7400

 

GBP/USD: Possibly SELL

 

AUD/USD: Possibly SELL

 

EUR/JPY: Possibly SELL

 

________________________________________________________

 

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

 

More:

http://fxbazooka.com/en/analitycs/show/5170

[riki143]

Forex Analytics

 

Westpac: fresh Forex forecasts

25 May 2015

 

Here are the fresh Forex forecasts from the large Australian bank Westpac (end of period).

 

http://fxbazooka.com/upload/tiny/Analytics/2015/May/25/westpac.png

 

More:

http://fxbazooka.com/en/analitycs/show/5171

[riki143]

Forex Analytics

 

Forex trading plan for May 26

 

The picture for EUR/USD remains negative. Euro was under pressure on Monday because of concerns about Greece and the lack of liquidity at the market because of the bank holidays. Levels at 1.1000, 1.1050 and 1.1100 now act as resistance. Support is located at 1.0915 and 1.0880. The focus will be on data from the US: durable goods orders at 12:30 GMT and consumer confidence at 14:00 GMT. Also watch the speeches of the Federal Reserve’s officials.

 

USD/JPY has made a big move to the upside after better-than-expected US inflation data and Yellen’s comments on Friday. The US dollar is currently waiting for more catalysts from America (watch data releases on Tuesday): it all depends on the US. The pair doesn’t have full force for growth as the Bank of Japan indicated that it’s not planning to increase monetary easing for now. Resistance is at 121.85/122.05. Support is at 120.65/50 and 120.00. Buying at the lower levels may prove to be a good strategy.

 

GBP/USD slid below the trend line support from mid-April. Recent data from the UK was mixed, while in the US there was an unexpected improvement. Another positive release from the US will send the pound further down. Resistance is at 1.5505, 1.5530 and 1.5580 (200-day MA).Support is at 1.5450 and 1.5390/40. EUR/GBP slid below 0.7115 and may revisit 0.7025.

 

More:

http://fxbazooka.com/en/analitycs/show/5184

[riki143]

Forex Analytics

 

EUR/USD: weekly wave analysis

 

by Roman Petukhov.

 

Weekly. At present, a downward impulse [C] is being formed, which is the final part of the wave B area.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/eurusd1.PNG

 

Daily. Wave [C] markup is presented on the chart. Last week, the pair's decline within a new bearish wave (5) began; let us consider the markup of the last section in detail.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/eurusd2.PNG

 

H4. Waves [1] and [2] have already been formed. Sliding within a new downward impulse [3] has begun in the last section. Today and in the coming days, we expect further falling, as indicated on the chart.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/eurusd3.PNG

 

More:

http://fxbazooka.com/en/analitycs/show/5173

[riki143]

Forex Analytics

 

AUD/USD: bulls lost all power

26 May 2015

 

By Tatiana Norkina, FBS analyst

 

In the absence of major players, trades on the currency markets were going quite sluggish yesterday. The lack of risk appetite for the Aussie was evident from the way the consolidation was taking place just above the 78th figure. Let us note that here, the most powerful support has been formed which the bulls might use as a platform to straighten out the situation (for the whole previous week, the AUD/USD pair was falling to the three-week lows).

 

Somewhat movement has been noticed since this morning. An attempt is possible to initiate recovery to the Tenkan and Kijun lines that have formed a resistance in the 0.7870 area. At the same time, the major trend is already descending - the Ichimoku cloud is expanding downwards.

 

Technical levels: support – 0.7800/10; resistance – 0.7870, 0.7900.

 

Trade recommendations:

 

1. Buy — 0.7830; SL — 0.7810; TP1 — 0.7870; TP2 — 0.7900.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/May/26/AUDUSDH4-TN.png

 

More:

http://fxbazooka.com/en/analitycs/show/5185

[riki143]

Forex Analytics

 

Yen out of fashion again

26 May 2015

 

Tatiana Norkina, FBS analyst

 

The USD/JPY currency pair overboughtness is obvious to have no influence so far: yesterday's short-term correction ended at the 121.40 level and was followed by the pair's recovery resumption.

 

The bulls are running the show again at the today's Asian session, having returned the currency pair rate to the highs, into the area of a many-month resistance - 121.70/80.

 

It should be noted that all lines of the four-hour Ichimoku indicator are now pulling upwards. This means that growth is most likely to continue in the near future.

 

Technical levels: support – 121.20/40; resistance – 121.70, 122.30.

 

Trade recommendations:

 

1. Buy — 121.70; SL — 121.50; TP1 — 122.30; TP2 — 122.70.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/May/26/usdjpyh4-TN.png

 

More:

http://fxbazooka.com/en/analitycs/show/5186

[riki143]

Forex Analytics

 

Forex trading plan for May 27

 

https://www.youtube.com/watch?v=1i-MOa3vdBE

 

US dollar remains strong versus other currencies. American durable goods data came out in line with expectations with the previous readings revised to the upside.

 

EUR/USD slid to 1.0900 and may test 1.0800. Greece remains the main area of concerns. In June the nation has to repay 5.7 billion euro in short-term bills and 1.56 billion euro to the International Monetary Fund. Disagreements between the nation and its creditors remain in areas such as budget targets, sales-tax rates, and pension and labor market rules. On Tuesday Greek officials are negotiating with representatives of the European Commission and the IMF. The euro may also weaken versus the franc as demand for Swiss currency is mounting with increasing tensions in the euro area. Watch 1.0300 and 1.0225 on the downside.

 

GBP/USD fell to 1.5450. The pair needs to rise back above 1.5500 to relieve the bearish pressure. The pair is driven by the sentiment about the US dollar. Decline to 1.5270/1.5175 looks likely at this point.

 

USD/JPY reached 8-year high in the 123.00 area. Levels to watch on the upside include 123.66 (July 2007 high) and 124.13 (June 2007 high). Support is at 122.05/00, 121.70 and 121.00/120.85. The Bank of Japan will release its meeting minutes on Wednesday morning.

 

AUD/USD is trying to hold on to 0.7800. Below target levels lie initially at 0.7700 and then at 0.7650. Resistance is at 0.7950 and 0.7900.

 

USD/CAD rose to 1.2400. A close above this point will be bullish, but dovish comments from Canadian central bank are still necessary to allow growth to 1.2550 and higher. The Bank of Canada’s meeting will take place on Wednesday. No changes in the monetary policy are expected.

 

More:

http://fxbazooka.com/en/analitycs/show/5200

[riki143]

MARKET NEWS

 

Key option levels

27 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: 1.0800 (EUR 769m), 1.0900 (543m), 1.0940/55 (1.5bln), 1.1000 (1bln);

 

USD/JPY: 121.80 (USD 300m), 123.00 (210m), 124.00 (350m);

 

GBP/USD: 1.5320 (GBP 251m);

 

AUD/USD: 0.7750 (AUD 302m), 0.7800 (644m), 0.7815/20 (500m).

 

More:

http://fxbazooka.com/en/news/show/2716

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 27

 

Open positions:*

 

EUR/USD: Hold SHORT at 1.1115, TAKE PROFIT 1.0801 (revised), STOP LOSS 1.1069 (revised)

 

USD/JPY: Hold LONG at 120.80, TAKE PROFIT 123.85 (revised), STOP LOSS 121.99 (revised)

 

USD/CHF: Hold LONG at 0.9300, TAKE PROFIT 0.9599 (revised), STOP LOSS 0.9399

 

USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2570 (revised), STOP LOSS 1.2253 (revised)

 

EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 136.27, STOP LOSS 132.90

 

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7171

 

EUR/CHF: Hold SHORT at 1.0450, TAKE PROFIT 1.0234, STOP LOSS 1.0401

 

EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3392

 

NZD/USD: Hold SHORT at 0.7295, TAKE PROFIT 0.7177, STOP LOSS 0.7351

 

Trade ideas:

 

GBP/USD: SELL at 1.5445, TAKE PROFIT 1.5291, STOP LOSS 1.5515

 

AUD/USD: SELL at 0.7785, TAKE PROFIT 0.7649, STOP LOSS 0.7855

 

GBP/JPY: BUY at 188.70, TAKE PROFIT 191.02, STOP LOSS 187.76

 

________________________________________________________________

 

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

 

More:

http://fxbazooka.com/en/analitycs/show/5206

[riki143]

Forex Analytics

 

Trading plan for May 28

 

By Kira Iukhtenko

 

The US dollar index extended the upside on Wednesday, supported by the USD/JPY strength. Large players are returning into the US currency. There was no important USD releases on the schedule today. On Thursday, we’ll watch the US unemployment claims, while on Friday the market will focus on the second GDP estimate. The last release contains a bearish risk for the USD.

 

USD/JPY and USD/CAD are the biggest market movers with the greenback pushing higher for a second day in a row. USD/JPY approached the 124.00 mark after having broken through the 122.00-yen technical resistance. Watch the 124.10 resistance – this is the 2007 top.

 

As it was widely expected, the Bank of Canada left monetary policy unchanged on Thursday, stating the current policy remains appropriate. Canada’s and US GDP releases on Friday could potentially cap the upside. Resistance for USD/CAD lies at 1.2665, while support – at 1.2350.

 

EUR/USD remained almost unchanged on Wednesday, holding below the 1.0900 mark. There was some speculation that Greek negotiations have become more fruitful recently, but no clear comments was given on the issue. Euro zone’s calendar for tomorrow is rather light. Watch the 1.0670 support for EUR/USD and the 1.1000/50 resistance area.

 

GBP/USD has spent the day in the red zone, slipping to 1.5300. The pair has recently broken below the bullish trend line. Next support is seen at 1.5100. Economists expect the UK GDP to be revised to the upside tomorrow. The cable could retrace back to 1.5480 on the news.

 

More:

http://fxbazooka.com/en/analitycs/show/5219

[riki143]

MARKET NEWS

 

Key option levels

28 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: 1.1150 (EUR 1.8bn);

 

GBP/USD: 1.5100 (GBP 1.1bn);

 

USD/JPY: 123.00 (USD 960m) 124.20 (300m) 124.50 (400m) 124.80 (400m);

 

USD/CAD: 1.2600 (USD 860m);

 

NZD/USD: 0.7200 (NZD 234m).

 

More:

http://fxbazooka.com/en/news/show/2728

[riki143]

Forex Analytics

 

Danske Bank: trade signals for May 28

 

Open positions:

 

EUR/USD: Hold SHORT at 1.1115, TAKE PROFIT 1.0785 (revised), STOP LOSS 1.0942 (revised)

 

USD/JPY: Hold LONG at 120.80, TAKE PROFIT 124.75 (revised), STOP LOSS 123.40 (revised)

 

USD/CHF: Hold LONG at 0.9300, TAKE PROFIT 0.9599 (revised), STOP LOSS 0.9458 (revised)

 

AUD/USD: Hold SHORT at 0.7740, TAKE PROFIT 0.7634, STOP LOSS 0.7781

 

USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2667 (revised) , STOP LOSS 1.2347 (revised)

 

EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 136.27, STOP LOSS 132.90

 

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7171

 

EUR/CHF: Hold SHORT at 1.0450, TAKE PROFIT 1.0234, STOP LOSS 1.0401

 

EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3425 (revised)

 

GBP/JPY: Hold LONG at 190.00, TAKE PROFIT 193.73, STOP LOSS 188.59

 

NZD/USD: Hold SHORT at 0.7295, TAKE PROFIT 0.7177, STOP LOSS 0.7351

 

Trade ideas:

 

GBP/USD: SELL at 1.5395, TAKE PROFIT 1.5191 (revised), STOP LOSS 1.5480

 

____________________________________________________________

 

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

 

More:

http://fxbazooka.com/en/analitycs/show/5221

[riki143]

Forex Analytics

 

Trading plan for May 29

 

The US Dollar is trading in the green zone on Thursday despite the higher than expected unemployment claims. The market awaits the US Q1 GDP revision on Friday - according to Reuters forecast, growth will be revised to the downside from +0,2% to -0,8%. In our view, the pessimism is already priced in by the market, but the USD rally could still slow down for some time.

 

EUR/USD consolidates around the 1,0900 mark (55-day MA). Intraday resistance is seen at 1,0950. Next support is seen at 1,0810 and 1,0710. Watch the German retail sales, Spanish CPI and private loans in euro zone tomorrow.

 

GBP/USD extends the decline, falling below 1,5300. The market was disappointed by the news that the Q1 UK GDP was left unrevised at 0,3%. Next bearish targets are 1,5180 (50% Fibo) and the 1,5100 mark.

 

USD/JPY tried to retrace from the multi-year highs, but met buyers around 123,50. As a result, the pair returned back above 124.00/10. Watch the Japanese CPI data tomorrow. National core CPI is expected to have slowed down from 2,2% to 0,2% in April. The news could trigger a new wave of JPY selling. Targets are 125.00 and 126.80/127.10.

 

AUD/USD fell to 0,7620 on Thursday as the market was disappointed by the Australia Q1 CapEx contraction by 4,4%. The next bearish target is 0,7550.

 

More:

http://fxbazooka.com/en/analitycs/show/5242

[riki143]

Forex Analytics

 

NZD/CAD: sell target –0.8800

29 May 2015

 

By: Dima Chernovolov

 

-NZD/CAD broke support level 0.8900

-Next sell target –0.8800

 

NZD/CAD recently reversed down sharply – after the pair reached the resistance level 0.9030, which was set as the buy target in our previous forecast for this currency pair. The strong downward reversal from this resistance level led to the sharp sell-off, helping the pair today break through the support level 0.8900 (which reversed the previous intermediate correction (2), as you can see below).

 

The breakout of the support level 0.8900 should intensify the bearish pressure on NZD/CAD in the nearest time. NZD/CAD is likely to fall to the next sell target at the next strong support level 0.8800 (low of the earlier wave ②).

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/NZDCAD%20-%20Primary%20Analysis%20-%20May-29%200928%20AM%20(1%20day)%20650.png

 

More:

http://fxbazooka.com/en/analitycs/show/5245

[riki143]

Forex Analytics

 

GBP/NZD: buy targets – 2.1600 and 2.1800

29 May 2015

 

By: Dima Chernovolov

 

-GBP/NZD reached buy target level 2.1400

-Next buy targets – 2.1600 and 2.1800

 

GBP/NZD continues to rise after the recent breakout of the resistance level 2.1400, which was set as the buy target in our previous report for this currency pair. The price earlier corrected down to the support zone lying at the intersection of the support level 2.1200 and the 50% Fibonacci Correction of the previous upward impulse from the end of the earlier minor correction 2 (as you can see from the daily GBP/NZD chart below). GBP/NZD reversed up from this support zone – breaking today the resistance level 2.1400.

 

GBP/NZD is likely to rise further toward the next buy targets at 2.1600 and 2.1800. Buy stop-loss can be placed below the recently broken, former resistance level 2.1400.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/GBPNZD%20-%20Primary%20Analysis%20-%20May-29%200927%20AM%20(1%20day)650.png

 

More:

http://fxbazooka.com/en/analitycs/show/5247