Jump to content

Market analysis and trade recommendations by FBS


Anna FBS

Recommended Posts

Forex Analytics

 

Trading plan for January 21

 

https://www.youtube.com/watch?v=bE67EoFHPWA

 

EUR/USD is still sold on attempts to approach 1.10, but is holding above the key support of 1.08. The euro needs to go beyond one of these levels in order to emerge from the current sideways trend. Risk aversion is supporting the euro, while the approaching meeting of the European Central Bank of Thursday is limiting the single currency on the upside. The ECB rate decision will be announced at 12:45 GMT. Mario Draghi’s press conference will start at 13:30 GMT. The positive factors for the euro are a bit stronger than the negative ones: we see a series of higher lows. The ECB will likely leave monetary policy unchanged, though Draghi will try to limit the power of the bulls with dovish comments.

 

GBP/USD closed below 1.4228 on Tuesday. The oversold pound may hold in the current region with the help of better-than-expected UK labor market data. However, there are reasons to expect that the general downtrend will continue to 1.40 and lower. Resistance is at 1.4230 and 1.4350.

 

USD/JPY fell to 116.00 on the market’s risk aversion, but this area of 2015 lows attracted buyers. Market participants remembered that the Bank of Japan may increase monetary stimulus on January 29 or at least reduce inflation forecast. Still, there’s a series of lower highs and bearish pressure on 116.00 may intensify. The pair hasn’t reached the bottom of the daily Ichimoku at 113.60. Resistance is at 117.00/50.

 

AUD/USD returnedbelow 0.6900. The targets lie in the 0.6770 area. Resistanceisat0.6950 and 0.7000. NZD/USD is oversold, but the general picture is bearish with targets at 0.6300/0.6240. Resistance is at 0.6430.

 

More:

https://fxbazooka.com/en/analitycs/show/7645

Link to comment
Share on other sites

  • Replies 2.5k
  • Created
  • Last Reply

Top Posters In This Topic

Forex Analytics

 

GBP/CAD: sell target - 2.0360

21 January 2016

By: Dmitriy Chernovolov

 

-GBP/CAD reversed from resistance zone

-Next sell target - 2.0360

 

GBP/CAD recently reversed down strongly from the major resistance zone lying between the resistance levels 2.1000 and 2.0800 (this resistance area earlier reversed the previous sharp impulse waves (1) in August and 1 in December, as can be seen below). This resistance zone was strengthened by the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Falling Star.

 

With the clear bearish divergence visible on the daily Momentum indicator - GBP/CAD is likely to fall further in the active minor corrective wave (ii) toward the next sell target at the support level 2.0360 (low of previous wave 2).

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/GBPCAD%20-%20Primary%20Analysis%20-%20Jan-21%201140%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7654

Link to comment
Share on other sites

Forex Analytics

 

EUR/GBP: buy target - 0.7800

21 January 2016

By: Dmitriy Chernovolov

 

-EUR/GBP rising inside impulse waves 3 and (3)

-Next buy target - 0.7800

 

EUR/GBP has been rising sharply in the last few trading sessions – following the earlier breakout of the long-term pivotal resistance level 0.7470 (which has been reversing the price from last May, as you can see from the daily EUR/GBP chart below). The breakout of the resistance level 0.7470 greatly accelerated the active minor impulse wave 3 (which belongs to the intermediate impulse wave (3) from the start of January) – leading to the breakout of the next resistance levels 0.7600 and 0.7700.

 

EUR/GBP is likely to continue to rise in the active impulse waves 3 and (3) toward the next buy target at the next resistance level 0.7800 (target price calculated for the termination of wave 3).

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/EURGBP%20-%20Primary%20Analysis%20-%20Jan-21%201138%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7655

Link to comment
Share on other sites

Forex Analytics

 

USD/JPY: forecast for January 25-31

 

By Elizabeth Belugina

 

USD/JPY fell to the key support at 116.00 and recoiled upwards. This level limited the downside for the entire 2015 and so it constitutes a serious obstacle for the bears. The prospect of more easing by the European Central Bank in March increased expectations of additional monetary stimulus from the Bank of Japan (BOJ) on Friday, January 29.

 

The problems of Japanese regulator look similar to the ECB’s difficulties: low oil prices constraining inflation, expensive yen, decline in stocks. Nikkei 225 entered correction up only on Friday, while the dip since the start of the year is still about 10%.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/21/Nikkei.png

 

The expectations of an increase in Japanese central bank's monetary stimulus are getting stronger and will likely support the pair at the upcoming week. Market participants are already sure that the regulator will at least cut inflation forecast for the next fiscal year. If the BOJ disappoints investors, the pair can break down to 113.60 (bottom of the weekly Ichimoku Cloud). At the same time, remember that the BOJ is not interested in USD/JPY falling below 116.00.

 

One more element of the puzzle is the meeting of the US Federal Reserve on Wednesday. The Fed started the rate hike cycle in December. Although this time US central bank should keep the policy unchanged, comments confirming that the Fed is still on the tightening track will help the greenback. The key resistance is at 118.70 – 50% of the dollar/yen’s decline in the first week of January – and then at 120.00.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/21/USDJPY%20Daily.png

 

More:

https://fxbazooka.com/en/analitycs/show/7664

Link to comment
Share on other sites

Forex Analytics

 

EUR/USD: forecast for January 25-31

 

By Elizabeth Belugina

 

The ECB left monetary policy unchanged in line with expectations. At the same time, Mario Draghi underlined that the ECB is ready to ease policy on the back of weakening inflation and economic growth. Draghi said that such step is possible already at the next meeting in March. Oil prices and the prospects of the emerging economies will play the key role in the regulator’s decision.

 

It looks like the ECB President has managed to persuade his colleagues from the Governing Council that they may need additional measures because of the changing global economic reality. We got the confirmation that the ECB doesn’t want to let EUR/USD go above 1.10.

 

The euro was sold on Draghi’s remarks, but there were still buyers at the support levels, so we can’t say that the euro lost all support. The best strategy for a long time from now will be selling the euro on its attempts to recover. At the same time, negative pressure on the euro at the coming week will likely intensify on the potential break in the market’s risk aversion and divergence in monetary policy between the ECB and the Fed. From the technical point of view, the decline of EUR/USD below 1.0780 (bottom of the daily Ichimoku Cloud) will open the way down to 1.0700 and 1.0650. Resistance is at 1.0950 and 1.1000.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/21/EURUSDDaily.png

 

More:

https://fxbazooka.com/en/analitycs/show/7665

Link to comment
Share on other sites

Forex Analytics

 

Euro under pressure again

25 January 2016

By Tatiana Norkina, FBS analyst

 

EURUSD seems to have finally consolidated in the negative area on the four-hour timeframe. Friday's decrease to the lows, after testing of the cloud's lower border levels, triggered a formation of the dead cross by the Tenkan and Kijun lines. The cloud's range has narrowed significantly as well, the cloud itself still being positive. We expect a correctional recovery into the 1.0840 area in the near future, but then the bears are most likely to intensify the pressure.

 

Technical levels: support – 1.0780; resistance – 1.0840/50.

 

Trade recommendations:

 

1. Sell — 1.0840; SL — 1.0860; TP1 — 1.0780; TP2 — 1.0730.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/25/eurusdh4-TN.png

 

More:

https://fxbazooka.com/en/analitycs/show/7679

Link to comment
Share on other sites

Forex Analytics

 

GBP/CHF: sell target - 1.4300

25 January 2016

By: Dmitriy Chernovolov

 

-GBP/CHF reversed from resistance area

-Next sell target - 1.4300

 

GBP/CHF today reversed down strongly from the resistance area lying between the major resistance level 1.4540 (former strong support which reversed the earlier intermediate ABC correction (4) in October, as can be seen from the daily GBP/CHF chart below) and the 61.8% Fibonacci retracement of the previous intermediate ©-wave of the primary ABC correction ② from the middle of November.

 

Given the strength of the aforementioned resistance area - GBP/CHF can be expected to fall further from the current levels toward the next sell target at the support level 1.4300. Strong resistance remains at 1.4540.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/GBPCHF%20-%20Primary%20Analysis%20-%20Jan-25%201113%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7682

Link to comment
Share on other sites

Forex Analytics

 

USD/JPY: sell target - 117.50

25 January 2016

By: Dmitriy Chernovolov

 

-USD/JPY reached buy target 118.70

-Next sell target - 117.50

 

USD/JPY continues to decline after the recent sharp downward reversal from the resistance zone lying between the resistance level 118.70 (previous strong support from September and October and the earlier buy target set previously for this currency pair) and the 38.2% Fibonacci correction of the previous sharp downward impulse wave C from the pivotal resistance level 123.50.

 

USD/JPY is likely to fall further toward the next sell target at the support level 117.50 (standing midway between the resistances level 118.70 and the powerful support level 116.20, which reversed earlier waves A and (4), as can be seen below).

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/USDJPY%20-%20Primary%20Analysis%20-%20Jan-25%201107%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7681

Link to comment
Share on other sites

Forex Analytics

 

USD/JPY: weekly wave analysis

25 January 2016

By Roman Petuchov

 

Daily. Corrective wave (IV) has been constructed last week. The bullish impulse (V) began soon afterwards. Prices will return to growth in the coming days.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/usdjpy1.PNG

 

H4. Wave (IV) has been complete by a bearish zigzag [Z]. We see a beginning of a bullish impulse wave. It will be developped further on the new week.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/usdjpy2.PNG

 

More:

https://fxbazooka.com/en/analitycs/show/7685

Link to comment
Share on other sites

Forex Analytics

 

GBP/USD: weekly wave analysis

25 January 2016

By Roman Petuchov

 

Daily. The market is now building a quick bearish wave [C] of Y. It hasn't been finished yet.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/gbpusd1.PNG

 

H4. Bullish or flat correction (4) will be developped in the coming weeks. After that the price will continue to decline. While correction (4) is being developped, we recommend staying out of the market.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/gbpusd2.PNG

 

More:

https://fxbazooka.com/en/analitycs/show/7684

Link to comment
Share on other sites

Forex Analytics

 

EUR/USD: weekly wave analysis

25 January 2016

By Roman Petuchov

 

Daily. Final part of the corrective wave (4) is now being built. We see a zigzag Z being formed.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/eurusd1.PNG

 

H4. Wave is a flat tripple tripple. Wave (z) of will be constructed soon, afterwards the price will increase in a new bullish impulse.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/eurusd2.PNG

 

More:

https://fxbazooka.com/en/analitycs/show/7683

Link to comment
Share on other sites

Forex Analytics

 

AUD/USD: weekly wave analysis

25 January 2016

By Roman Petuchov

 

Daily. Early part of a bearish impulse C is now being constructed. After the end of the wave [1] we've seen a bullish correction [2]. It will be developped in the nearest future.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/audusd1.PNG

 

H4. It's nit so easy to forecast which form will the wave [2] take. It has a potential to become a double or a tripple zigzag. The price will move to the upside anyway.

http://fxbazooka.com/upload/freelance/tiny/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%BE%D0%B9/Petukhov_25January/audusd2.PNG

 

More:

[urlhttps://fxbazooka.com/en/analitycs/show/7686]https://fxbazooka.com/en/analitycs/show/7686[/url]

Link to comment
Share on other sites

Forex Analytics

 

Trading plan for January 26

 

By Elizabeth Belugina

 

At the start of the week traders were reminded that uncertainty isn’t over and that the markets haven’t fully stabilized yet. Selling pressure on oil renewed as Iraq's oil production hit a record in December. Demand for the euro and Japanese yen increased, while commodity currencies suffered.

 

The US will release consumer confidence figures at 15:00 GMT. Traders also await the upcoming meeting of the Federal Reserve on Wednesday to see if the Fed somehow reacts to the increased volatility.

 

EUR/USD is holding above 1.0800. However, the expectations of additional monetary stimulus from the European Central Bank should limit the upside. The strategy remains the same: we sell the euro on rallies with small targets (remember that the euro is still bought as a safe haven). To get to 1.0950 the pair has to overcome resistance at 1.0860. Below 1.0780 the pair will likely drift to 1.0700. German Ifo business climate came below expectations (107.3 vs. 108.5) falling to 11-month low. The ECB President Mario Draghi will speak at 18:00 GMT on Monday.

 

GBP/USD returned above 1.4228 (2010 low) and is consolidating. The pair formed a candle with a long upper shadow on Friday. Resistance at 1.4340/60 looks rather strong, and if the pound returns below 1.4228, we will target 1.4125. A rise above 1.4340/60 is needed to confirm an interim bottom and open the way to 1.4500/50. The Bank of England’s Governor Carney will speak at 10:45 GMT. Last time he sounded bearish. Low oil prices also affect the cable negatively.

 

USD/JPY faces resistance at 118.70. If the pair manages to settle above this level, it will open the way up to 119.70/120.00. Declines should be limited by 117.60/50 and 117.00. Traders await the Bank of Japan’s meeting at the end of the week expecting at least some hints on the coming increase in monetary stimulus. Look for the buying opportunities.

 

AUD/USD ran into resistance in the 0.7000 area and will likely ease down to 0.6935 and 0.6895 ahead of 0.6835. Australian dollar will be waiting for Australia’s inflation data due on Wednesday, and the release is expected to be weaker than in the previous time that will be bearish for the Aussie.

 

More:

https://fxbazooka.com/en/analitycs/show/7689

Link to comment
Share on other sites

Forex Analytics

 

Aussie at crossroads

26 January 2016

Tatiana Norkina, FBS analyst

 

The AUD/USD currency pair remains inside the four-hour Ichimoku cloud after the bulls failed to restore the market to the upper border level. Yesterday's trading began rather shaky, with the consolidation above the rising Tenkan-sen line. However, even the golden cross formed by the Tenkan and Kijun lines could not help the bulls gain confidence.

 

Therefore, the break down through the Tenkan-sen support triggered additional sales of the pair and the prices lowering to Kijun-sen. The line is currently providing support in the 0.6940 area. Let us note that this level can become critical: a break down would mean the consolidation conclusion and the major trend continuation; or if the level withstands, short-term bulls might return to the market and restore the currency pair rate to Senkou Span B.

 

Technical levels: support – 0.6900, 0.6940; resistance – 0.6990.

 

Trade recommendations:

 

1. Sell — 0.6970; SL — 0.6990; TP1 — 0.6830; TP2 — 0.6800.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/26/AUDUSDH4-TN.png

 

More:

https://fxbazooka.com/en/analitycs/show/7690

Link to comment
Share on other sites

Forex Analytics

 

NZD/JPY: sell target - 74.50

26 January 2016

By: Dmitriy Chernovolov

 

-NZD/JPY reversed from resistance area

-Next sell target - 74.50

 

NZD/JPY recently reversed down strongly from the resistance zone lying between the resistance level 77.50 (which also reversed the (ii)-wave earlier this month) and the 38.2% Fibonacci Correction of the previous sharp downward impulse wave 1 from the end of December. The downward reversal from this resistance zone continues the active intermediate impulse wave (3) - which belongs to the primary downward impulse wave ③ from the start of December.

 

Given the strength of the resistance zone near the resistance level 77.50 – NZD/JPY is likely to fall further to the next sell target at the support level 74.50.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/NZDJPY%20-%20Primary%20Analysis%20-%20Jan-26%201056%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7699

Link to comment
Share on other sites

Forex Analytics

 

USD/CAD: buy targets - 1.4400 and 1.4600

26 January 2016

By: Dmitriy Chernovolov

 

-USD/CAD reversed from support zone

-Next buy targets - 1.4400 and 1.4600

 

USD/CAD recently reversed up sharply from the support zone lying at the intersection of the support level 1.4140, 61.8% Fibonacci correction of the previous sharp upward impulse wave (i) from the start of January and the former resistance trendline of the recently broken daily up channel from last year (acting as support now after it was broken). The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.

 

USD/CAD is likely to rise further in the active impulse waves 5 and (3) toward the next buy targets at the resistance levels 1.4400 and 1.4600.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/USDCAD%20-%20Primary%20Analysis%20-%20Jan-26%201102%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7698

Link to comment
Share on other sites

Forex Analytics

 

Forex trading plan for January 27

 

By Elizabeth Belugina

 

The main event on Wednesday will be the Federal Reserve’s rate decision and statement at 19:00 GMT. The central bank is expected to keep monetary policy unchanged. The most important thing will be how the Fed regards financial market situation, which has considerably changed since the regulator increased rate in December. The Fed will likely acknowledge the fact that the external picture has deteriorated, but there won’t be considerable changes in the statement. Such outcome will make traders buy US dollar on the pullbacks to the downside.

 

EUR/USD failed to break above 1.0860, which guarded the way to 1.0950. We are focused on 1.0780, ahead of 1.0700. GBP/USD is fluctuating around 1.4228. The Bank of England’s Governor Carney said that Britain may actually cut interest rates. This is negative for the cable, which should return lower, to the minimums around 1.4100.

 

USD/JPY still has to settle above 118.70 to get to 119.70/120. The greenback may come under pressure before the Fed’s meeting, but we’ll be looking for the buying opportunities. The upcoming meeting of the Bank of Japan on Friday will provide support for the greenback at 117.60/00. AUD/USD has to rise above 0.7045 to confirm reversal pattern. Support is at 0.6935/20 ahead of 0.6830. Australia will release inflation figures at 00:30 GMT. Lower CPI growth, which will be negative for Aussie.

 

More:

https://fxbazooka.com/en/analitycs/show/7700

Link to comment
Share on other sites

Forex Analytics

 

GBP/AUD: sell target - 2.0200

27 January 2016

By: Dmitriy Chernovolov

 

-GBP/AUD falling inside impulse waves 3 and ©

-Next sell target - 2.0200

 

GBP/AUD has been falling in the last few trading sessions inside the 3rd minor impulse wave 3 – which started earlier this month – when the pair reversed down from the resistance area lying between the resistance level 2.1000, upper daily Bollinger Band, 38.2% Fibonacci correction of the previous downward impulse from last August and the upper resistance trendline of the daily down channel from last year.

 

GBP/AUD is likely to fall further in the active impulse waves 3 and © (which belong to the primary ABC correction ② from last August) toward the next sell target at the support level 2.0200 (low of the previous impulse 1).

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/GBPAUD%20-%20Primary%20Analysis%20-%20Jan-27%201011%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7708

Link to comment
Share on other sites

Forex Analytics

 

AUD/CHF: buy targets - 0.7200 and 0.7300

27 January 2016

By: Dmitriy Chernovolov

 

-AUD/CHF rising inside minor wave 2

-Next buy targets - 0.7200 and 0.7300

 

AUD/CHF continues to rise inside the second minor corrective wave 2 – which started earlier – when the pair reversed up from the support zone lying between the support level 0.6870, lower daily Bollinger Band, 61.8% Fibonacci Correction of the previous sharp primary wave ② from August and the support trendline of the daily down channel from December.

 

Having recently broken the aforementioned down channel - AUD/CHF is likely to rise further from the current levels toward the next buy targets at the resistance levels 0.7200 and 0.7300 (top of previous wave (2)).

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/AUDCHF%20-%20Primary%20Analysis%20-%20Jan-27%201008%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7707

Link to comment
Share on other sites

http://i.imgur.com/0HRM0DO.jpg?1

 

Almost 1 000 000 clients of FBS, we will fulfil a dream of our millionth trader!

27.01.2016

Dear clients!

 

The number of FBS traders is fast drawing near the 1 000 000 mark! We simply could not let it rest and decided to make the dream of our millionth registered client come true! The lucky one, that might as well be you, will make a wish and we will fulfil it shortly.

 

Get lucky! To participate, you just need to open an account. And who knows, maybe it will become the millionth one! FBS manager will call you at the number you specify and will ask you what you wish for. FBS will realize your dream!

 

After the winner is determined, we will publish the phone call recording and the photoreport with the video of the dream fulfillment later on! We are very excited to know what the lucky winner will wish for and see how his or her dream will be realized!

 

We would like to remind as well you that very soon FBS will be celebrating its 7th anniversary, which means that a ton of other amazing prizes are waiting for you! Not just one lucky client, but very many traders of FBS will get great gifts!

 

We wish you success! FBS fulfils dreams!

 

More:

https://fbs.com/news/almost-1-000-000-clients-of-fbs-we-will-fulfil-a-dream-of-our-millionth-trader

Link to comment
Share on other sites

Forex Analytics

 

Forex trading plan for January 28

 

By Kira Iukhtenko

 

EUR/USD attempted to recover some ground on Wednesday, but was capped by the 1.0900 mark for now. The FOMC announcement could support the bulls later in the day, though. Technically, the pair remains in a bullish channel since late January. On Thursday the only important release to watch in euro zone is the German CPI. Local support lies at 1.0850.

 

Meanwhile, GBP/USD has lost some bullish power today. On Thursday we’ll watch the UK Q4 GDP. According to forecasts, economy grew by 0.5% (up from +0.4% in Q3). However, a weaker reading could easily pull the pair much lower as the overall sentiment towards GBP remains sceptic.

 

USD/JPY has recovered above 118.00. Watch the Japanese retail sales tonight (forecast – moderately upbeat). Market awaits the eventful Friday in Japan – the BOJ meeting and CPI are coming.

 

AUD/USD recovered back above 0.7000. We see an inverted “head-and-shoulders” pattern on the daily chart. It opens the way for more growth in the pair. Aussie was supported by better-than-expected inflation figures released on Wednesday (+0.4% in Q4).

 

More:

https://fxbazooka.com/en/analitycs/show/7714

Link to comment
Share on other sites

Forex Analytics

 

Aussie is going to grow

28 January 2016

Tatiana Norkina, FBS analyst

 

A currency pair of AUD / USD continues to trade within a four-hour Ichimoku cloud, but the short-term bullish mood still remains relevant. Yesterday bulls managed to test the cloud top level, but Senkou Span B has not yet let them go in a positive area. However, staying around above the Tenkan and Kijun lines promises upturn for the pair with a resistance breakdown of 0.7075. We should mention an active gold cross is active formed by Tenkan-sen and Kijun-sen lines. Moreover, the Ichimoku cloud is tapering upwards due to Senkou Span A growth.

 

Technical levels: support – 0.7000, 0.7030; resistance – 0.7075, 0.7130.

 

Trade recommendations:

 

Buy — 0.7040; SL — 0.7020; TP1 — 0.7130; TP2 — 0.7160.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/28/AUDUSDH4-TN.png

 

More:

https://fxbazooka.com/en/analitycs/show/7715

Link to comment
Share on other sites

Forex Analytics

 

AUD/NZD: buy targets - 1.1000 and 1.1100

28 January 2016

By: Dmitriy Chernovolov

 

-AUD/NZD broke resistance zone

-Next buy targets - 1.1000 and 1.1100

 

AUD/NZD recently broke sharply through the resistance zone lying between the resistance level 1.0800, resistance trendline of the daily down channel from August and the 38.2% Fibonacci correction of the previous sharp downward corrective wave ② from the end of last August. The breakout of this resistance zone accelerated the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the start of January.

 

AUD/NZD is likely to rise further from the current levels toward the next buy target at the resistance level 1.1000 – the breakout of which can lead to further gains toward 1.1100.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/AUDNZD%20-%20Primary%20Analysis%20-%20Jan-28%201011%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7720

Link to comment
Share on other sites

Forex Analytics

 

USD/JPY is positive

28 January 2016

Tatiana Norkina, FBS analyst

 

Yesterday during the trading the USD/JPY currency pair escaped to a positive zone. Bulls managed to break through the upper Ichimoku cloud boundary resistance which was held since the beginning of week. But, in the late afternoon, the pair consolidated over Senkou Span B. Apparently, bulls have scruples on fast attack yet, but fixing of the price over a cloud can lead to emergence of new buyers in the market.

 

We will pay attention to the positive facts: Tenkan-sen and Kidzhun-sen has created a new "Golden cross"; Ichimoku cloud has changed its nature; Chinkou Span is gradually leaving the overbought area. Therefore bulls can take a revenge from their rivals today.

 

 

Technical levels: support – 118.50; resistance – 119.00, 119.40, 119.80.

 

Trade recommendations:

1. Buy — 118.60; SL — 118.40; TP1 — 119.40; TP2 — 119.80.

 

http://fxbazooka.com/upload/tiny/Analytics/2016/01-January/28/usdjpyh4-TN.png

 

More:

https://fxbazooka.com/en/analitycs/show/7716

Link to comment
Share on other sites

Forex Analytics

 

EUR/AUD: sell target - 1.5200

28 January 2016

By: Dmitriy Chernovolov

 

-EUR/AUD falling inside primary impulse wave ③

-Next sell target - 1.5200

 

EUR/AUD continues to fall inside the 3rd primary impulse wave ③ - which started earlier – when the pair reversed down sharply from the resistance zone lying between the resistance levels 1.6000 and 1.6200 (which reversed earlier intermediate correction (2)). This resistance zone was strengthened by the upper daily Bollinger Band and by the two trendlines belonging to 2 different-length daily up channels, as can be seen below.

 

EUR/AUD is currently approaching the support zone near the support level 1.5340 (which earlier reversed the price twice in this month, as can be seen below). If the pair breaks below the support level 1.5340 – the price can then fall to the next sell target 1.5200.

 

http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/EURAUD%20-%20Primary%20Analysis%20-%20Jan-28%201024%20AM%20(1%20day).png

 

More:

https://fxbazooka.com/en/analitycs/show/7721

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...