riki143 Posted June 6, 2016 Report Share Posted June 6, 2016 US dollar: outlook for June 6-10 6/6/2016 The US dollar index collapsed from 95.50 to more than 3-week low below 94.00 on Friday. Nonfarm payrolls report turned out to be a big disappointment for the market: American economy gained only 38K jobs in May versus 160K expected, while April reading was also revised to the downside. Although the unemployment rate declined from 5.0% to 4.7%, the expectations for the Federal Reserve’s rate hike in the coming months went sharply down. Traders now see only a 4% chance of an increase in June and 30% possibility of an increase in July. The market players await the speech of the Fed’s Chair Janet Yellen later on Monday to see whether she keeps the door open for a July rate hike. All in all, the drop in the rate hike expectations is surely a negative factor for the US dollar, but if Yellen sounds more optimistic, that should give the greenback support. Other important economic releases due this week include job openings figures and crude oil inventories on Wednesday, unemployment claims on Thursday and consumer sentiment on Friday. More: https://new.fxbazooka.com/analytics/9150 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 6, 2016 Report Share Posted June 6, 2016 EUR/USD: outlook for June 6-10 6/6/2016 EUR/USD jumped to 3-week high above 1.1370 on Friday on weaker-than-expected US nonfarm payrolls report. The 200-day MA at 1.1100 and the lower border of the uptrend channel, which has been in place since November, turned out to be a good support for the pair. However, further upside of the pair will be more difficult. Resistance lies at 1.1376 (February high), 1.1465 (April 12 high, monthly highs of 2015) and 1.1520 (declining 100-week MA, top of the weekly Ichimoku Cloud). Among the negative factors for the pair in the coming week we should cite loose policy of the European Central Bank – the ECB will start purchases of corporate debt on June 8 and giving new ultra-cheap loans to banks on June 22 – and worries that Britain may leave the European Union. The ability of the pair to expand last week’s advance will depend on what the US Federal Reserve’s Chairwoman Janet Yellen says on Monday or, in other words, on the market’s perception of the US rate hike timing. As for the European news, pay attention to German industrial production on Tuesday, the speech of the ECB President Mario Draghi on Thursday and comments of German Bundesbank President Jens Weidmann on Friday. More: https://new.fxbazooka.com/analytics/9151 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 6, 2016 Report Share Posted June 6, 2016 GBP/USD: outlook for June 6-10 6/6/2016 GBP/USD fell from the levels above 1.4700 to 1.4350. British pound was hit by a renewed wave of concerns that Britain will leave the European Union. The latest opinion polls show that 43% of voters want the nation out of the EU, while 40% say they support the campaign to keep the UK in the union. The pair was supported by the 100-day MA. The 55-day MA has recently moved above this line and the daily Ichimoku Cloud is bullish. These are the signs that the market players are still buying sterling as the bears try to approach 1.4300. At the same time, the pair is very unlikely to overcome the 200-day MA just above 1.4700 before the Brexit referendum, which will take place on June 23. As a result, the odds are that we’ll see GBP/USD trading sideways ahead of this event. The bias should be to the downside. As for this week’s economic calendar for the British currency, watch manufacturing production on Wednesday, goods trade balance on Thursday and consumer inflation expectations on Friday. From the US dollar side of things, the speech of the Fed’s Chair Janet Yellen later on Monday will determine the market’s expectations for the US rates and, consequently, demand for USD. More: https://new.fxbazooka.com/analytics/9152 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 6, 2016 Report Share Posted June 6, 2016 USD/JPY: outlook for June 6-10 6/6/2016 USD/JPY made a sharp fall last week as it collapsed from 111.45 to the 106.50 area (38.2% Fibonacci of 2011-2015 advance). There were 3 drivers of this move: delay of sales tax hike in Japan to October 2019, the market’s risk aversion and weak US nonfarm payrolls report. There’s a 200-week MA at 106.00, the line is still sloped to the upside and should provide some support. Below that the levels to watch will be 105.50 and 104.87 (weekly pivot). Note that closer to 105.00 the market will be much more cautious about the risk of monetary intervention from Japan aimed at not letting USD/JPY go much lower. Japan will release current account data and final GDP reading for Q1 on Wednesday. Also watch economy watchers’ sentiment and core machinery orders on Thursday and tertiary industry activity on Friday. More: https://new.fxbazooka.com/analytics/9153 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 7, 2016 Report Share Posted June 7, 2016 GBP/USD: A "Brexit range" on the way? 6/7/2016 Recent Brexit referendum's headlines added more bearish momentum to the GBP pairs, because during the last weekend, according with Observer and Opinium polls, the odds are favoring with three points to the “Leave” option (43%), against the “Remain”, which has 40%, while another polls released by ITV and TNS are giving to the “Leave” a lead of four and two points respectively. Current situation is telling us about the favoritism that is gaining the Brexit and with that into perspective, plus the uncertainty which that produces, Sterling's uptrend will be limited before the referendum takes place. In a technical outlook for GBP/USD, with that news mentioned above, it has been established a “Brexit range” between the 1.4710 and 1.4350 area, where the Cable will be moving on during the days approximately. After the Monday's Asia opening, pair posted another low around the 1.4351 level, where later it performed a rebound in an attempt to fill the bearish gap left during the weekend. 50-SMA is pointing to the downside and the 200 simple moving average, which is very close to the bearish gap, could act as dynamic resistance. A breakout below the 1.4350 should give more pressure on the Cable toward the 1.4200 psychological level in a first degree. More: https://new.fxbazooka.com/analytics/9155 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 7, 2016 Report Share Posted June 7, 2016 EUR/USD: "V-Top" points to a correction 6/7/2016 The price has faced a resistance at 1.1357, so we’ve got a “V-Top” pattern at the last top. Therefore, bears are likely going to reach a support at 1.1326 – 1.1292. If a pullback from this area happens, there’ll be a chance to see a bullish movement towards a resistance at 1.1419 – 1.1446. There’s a flat in progress, which brought two “V-Tops” in a row. So, the market is likely going to decline towards the 34 Moving Average. If this line stops bears, the pair will probably start rising again. More: https://new.fxbazooka.com/analytics/9158 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 7, 2016 Report Share Posted June 7, 2016 GBP/USD: bulls faced the "Thorn" 6/7/2016 The pair was rising dramatically fast until bulls faced a resistance at 1.4658. Previously, a “Triple Bottom” was formed, which has been confirmed. However, the price is likely going to get a support at 1.4441. If so, an upward movement becomes possible. As we can see on the one-hour chart, the last flat was finally ended by the extremely fast bullish movement. Then a “Thorn” arrived, so the price reached a support at 1.4513. Therefore, the market is likely going to achieve the next support at 1.4441 in the short term. More: https://new.fxbazooka.com/analytics/9159 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 8, 2016 Report Share Posted June 8, 2016 NZD/USD overview ahead RBNZ interest rate decision 6/8/2016 Later today after the U.S session at 21:00 GMT will be released the RBNZ monetary & rate Statement, where it's expected to hold the 2.25% which hasn't been changed since March 9th (decreased from 2.50% to 2.25%). The topics that are still concerning to the officials remain the same: weak economic conditions in China, the global concerns about the world's economy and low import prices, which has the inflation into a weakness bias. Latest monetary statement stated that further easing can happen in order to reach the inflation targets. Around 23:00 GMT, RBNZ is expected to hold a press conference, where possibly the NZD could have a more clear road to follow in charts. The technical picture for NZD/USD at H4 is showing a bullish consolidation above the 200 SMA and a support can be found at the 0.6907 level. If RBNZ monetary policy statement is hawkish, pair could test the resistance zone of 0.7044, but dovish words from RBNZ's officials could give a bear's stampede to the Kiwi, possibly breaking the support zone of 0.6907, toward the 0.6800 psychological level. More: https://new.fxbazooka.com/analytics/9166 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 8, 2016 Report Share Posted June 8, 2016 EUR/USD: "Pennant" boosts bulls to deliver a new high 6/8/2016 The price has faced a resistance at 1.1385, which brought a flat into the market. Because of there isn’t any reversal pattern, bulls are likely going to move on towards the next resistance at 1.1419 – 1.1446. If a pullback from this area happens, a downward correction becomes possible, so we should keep an eye on a support at 1.1357. There’s a consolidation between a support at 1.1335 and a resistance at 1.1385. Also, we’ve got a possible “Pennant” pattern, so the pair is likely going to get a resistance at 1.1419 in the short term. Then, bears will probably try to come back to the game, but only if a pullback from the resistance happens. More: https://new.fxbazooka.com/analytics/9169 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 8, 2016 Report Share Posted June 8, 2016 GBP/USD: despite of "Thorn" bulls are still in the game 6/8/2016 The price was rising until bulls faced a resistance at 1.4662, which brought a “Thorn” pattern, so the pair came back to a support at 1.4545. Therefore, the market is likely going to get a resistance at 1.4658 in the short term. If a pullback from this level happens, there’ll be an opportunity for a bearish movement towards a support at 1.4545 – 1.4513. We’ve got a flat in progress, which turns out into a “Pennant” pattern, so the market is likely going to get a resistance at 1.4613 – 1.4662. If buyers be stopped somewhere in here, a downward movement becomes possible. More: https://new.fxbazooka.com/analytics/9170 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 8, 2016 Report Share Posted June 8, 2016 EUR/USD: consolidation between two "Engulfing" patterns 6/8/2016 We’ve got a bearish “Harami” at the local high, but this pattern hasn’t been confirmed enough. However, there’s also a bullish “Harami”, which is conversely has a confirmation. Therefore, the market is likely going to rise until any reversal pattern arrives. As we can see on the Daily chart, here’s a “Doji” at the last high, but its confirmation hasn’t formed yet, so today’s candle will have a chance to be white. There’s an “Engulfing Bullish” on the 21 Moving Average, which has confirmed the previously formed support level. At the same time, we’ve got an “Engulfing Bearish” near the two small “Windows”, so the current intraday flat is likely going to be continued. More: https://new.fxbazooka.com/analytics/9171 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 8, 2016 Report Share Posted June 8, 2016 Forex trading plan for June 9 6/8/2016 After some consolidation on Monday and Tuesday US dollar index resumed decline falling below 93.50. American currency is under pressure as the expectations that the Federal Reserve will raise interest rates in the coming months declined. Brent oil rose above $52 a barrel for the first time since October 2015. The main bullish factor for oil are supply disruption in Nigeria, decline in the US inventories (API version) and expected record-high summer gasoline demand. The current situation is also bullish for gold: XAU/USD rose to $1264.25 and may extend gains to $1280. EUR/USD rose above 1.1400 even as the ECB started buying corporate bonds (a form of stimulus) as traders were broadly selling the US dollar. Above the top of the daily Ichimoku Cloud at 1.1405 the next target will lie at 1.1465 ahead of 1.1500. Support is at 1.1355 and 1.1315. The ECB President Mario Draghi will speak at 07:00 GMT, and we’ll see whether he tries to discourage the euro bulls. GBP/USD was trading on the upside. British manufacturing and industrial production showed impressive gains in April of more than 2%. However, the pair currently finds itself in the middle of the sideways range between 1.4700 and 1.4350. We expect this range to hold in the coming days as the uncertainty created by the upcoming Brexit referendum, which will take place on June 23, will continue capping the pound. USD/JPY returned down to support at 106.80/55. These support levels will determine the short-term picture for the pair: If they give way, the target will lie at 106.00; if they hold, we will see a recovery, though limited by resistance at 108.90. AUD/USD met resistance at 0.7480 (50-day MA). Further resistance is at 0.7510. and 0.7570. China's imports were higher-than-expected in May, and that’s good because China is Australia’s main trading partner. Note that the pair looks overbought in the short-term. Support is located at 0.7437 and 0.7375. NZD/USD is awaiting results of the Reserve bank of New Zealand’s meeting later on Wednesday. The RBNZ is expected to keep official cash rate at 2.25%, though earlier analysts were looking for a cut to 2%. Even if there is no cut, the central bank may do dovish comments. We expect high volatility. Note that NZD/USD is close to a strong resistance at 0.7050 (April, May highs). A break of this level will open the way up to 0.7200. Support is in the 0.6900 area ahead of 0.6850. More: https://new.fxbazooka.com/analytics/9176 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 9, 2016 Report Share Posted June 9, 2016 EUR/USD & Draghi's speech from Brussels: Will the upside be limited? 6/9/2016 Today at 07:00 GMT the ECB's president Mario Draghi will speak at Brussels Economic Forum and investors will be aware of the tone that the speech will have, after Draghi decided to keep unchanged the interest rates for June and the European Central Bank started to buy corporate bonds, in an effort to revive the economic growth in Eurozone. Nothing great is expected in today Draghi's words, as it's expected that he still ask to governments to do more in favor of the region's growth. However, as we saw during last ECB press conference held during last week, market could see some volatility. The H4 chart of EUR/USD shows that the pair is facing a strong resistance around the 1.1415 level and we highlighted with yellow color the move that last Draghi's speech produced on the major pair. A hawkish-than-expected speech will push the EUR/USD to break the 1.1415 zone, toward next resistance at the 1.1484 level, while a dovish or “nothing new” speech from Draghi could trigger a pullback to test the support level of 1.1342, which is very close to the 200 SMA. More: https://new.fxbazooka.com/analytics/9177 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 9, 2016 Report Share Posted June 9, 2016 EUR/USD: "Pennant" led to the new high, but bulls are so tired 6/9/2016 The price has found a resistance at 1.1419, so bears are ready to return into the market. The main target for a coming correction is a support at 1.1372 – 1.1357. If a pullback from this area happens, bulls will probably try to achieve a resistance at 1.1446 – 1.1479. As we can see on the one-hour chart, the movement in a range of the last “Pennant” was finally ended by the fast bullish rally. However, the price faced a resistance at 1.1419 afterwards, which entered the market into a consolidation phase. So, the pair is likely going to decline towards a support on the 34 Moving Average, which is strong enough to reverse the price movement in the direction of a resistance at 1.1446. More: https://new.fxbazooka.com/analytics/9180 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 9, 2016 Report Share Posted June 9, 2016 Forex trading plan for June 10 6/9/2016 There was at last a correction of the markets on Thursday: Brent oil returned from 52.80 to 51.80 as traders took profit on their bullish positions, while the US dollar index recovered from 93.50 to 94.00. American unemployment claims came out better than expected. Preliminary consumer sentiment data for June is due at 14:00 GMT om Friday. The market’s risk appetite declined. Global stocks declined for the first time in 6 days. One of the reasons is the upcoming Brexit referendum, which will take place on June 23. There was also news that billionaire investor George Soros sold stocks and bought gold preparing for difficult times for the world’s economy. Japanese yen strengthened as traders increased demand for the safe haven assets. USD/JPY declined, but is still trying to stick to 106.55. A daily close below this mark will open the way down to 106.00 (200-week MA) and 105.55 (May low). All in all, 200-week MA should slow down the pair’s decline. Resistance is at 107.65 and 108.90. For EUR/JPY a close below 120.80 will be a long-term bearish signal. AUD/USD recoiled down from the 55-day MA in the 0.7475 and may be subject to a deeper correction down (targets: 0.7400, 0.7380, 0.7300). EUR/USD erased the work of the bulls during the past several days and fell to this week’s low at 1.1305. The ECB's President Mario Draghi has reiterated the need to advance in structural reforms in the euro region and underlined that the central bank will not allow consumer prices to remain below target for longer than is avoidable. We may see more of correction down with the pair visiting 1.1215. Resistance is at 1.1415 and 1.1465. German Bundesbank President Jens Weidmann will speak at 07:00 GMT. GBP/USD keeps trading in a broad range between 1.4700 and 1.4350. We expect the pair to continue fluctuating around 1.4500. More: https://new.fxbazooka.com/analytics/9189 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
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riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 GBP/USD: Uncertainty ahead Brexit referendum still weighs on moves 6/13/2016 We're one week ahead approximately of Brexit referendum, which will take in place on June 23th, and it seems the odds are favoring to the “Leave” option, according to the most recent polls released by media and independent agencies. The latest headline comes from a poll published during the Friday's US session by ORB Independent, which favors the Brexit with 55% of preference, against a 45% which wants to stay at European Union. After the poll was released, GBP/USD had a decline of more than 100 pips, closing the week at 1.4253, which is telling us that the Brexit sentiment is a strong catalyst that drives the pair nowadays. The technical picture at H4 chart is calling for a possible double cycle development on the Cable, as it reached the 100% Fibonacci extension (1.4297) from the May 3th highs (1.4685), related with the May 16th lows (1.4331) and May 26th highs (1.4738). However, pair is still doing declines below the 100%, but it hasn't achieved in break the 1.4193 level yet. If GBP/USD does a rebound at current area, then it could test the 1.4392 in the near term, while a breakout below 1.4193, will open the doors for a fall toward 1.4025 level (161.8% Fibonacci extension). More: https://new.fxbazooka.com/analytics/9201 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 US dollar: outlook for June 13-19 6/13/2016 US dollar index recovered by the end of the past week after dipping to 93.40 on Wednesday, the lowest level since May 6. There was a daily bullish engulfing formed on the daily chart – a signal that dollar may correct a bit higher. The greenback managed to strengthen mildly against the British pound and the euro, which were hit by the Brexit concerns. At the same time, higher oil prices made American currency weaken against commodity currencies. This week the market’s attention will be focused on the Federal Reserve’s meeting that will take place on Wednesday. The possibility of a rate hike in June is now estimated by markets as less than 4%, while the odds of July move are seen as only a little over 25%. After weak May nonfarm payrolls report the rate hike on June 15 really is extremely unlikely. Yet, the meeting will be very closely watched, as the Fed’s members will update their forecasts for the Fed’s fund rate. So far, Janet Yellen hasn’t said no to 2 rate hikes this year, and the Fed could stick to this forecast saying that everything will depend on the economic data. If the Fed leaves 2 rate hikes on the table, USD will broadly strengthen. However, if the Fed’s outlook suggests one rate hike this year, USD will decline sharply. Other important US releases include core retail sales on Tuesday, producer prices on Wednesday, consumer inflation on Thursday and building permits on Friday. More: https://new.fxbazooka.com/analytics/9202 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 EUR/USD: outlook for June 13-19 6/13/2016 The pair recovered 61.8% of May decline and tested levels above 1.1400. During the first part of the past week the euro benefited from the weaker dollar. However, in the second half of the week the single currency lost its bullish momentum. The ECB began buying corporate bonds on Wednesday. The fact that the central bank didn’t start with highest-rated securities, but purchased bonds from companies, which had investment-grade rating from only one rating agency, showed investors that the ECB President Mario Draghi is serious about the region’s monetary stimulus. Another negative factor for the euro is uncertainty associated with Brexit vote, and this factor will remain in place until the British referendum on the EU membership that will take place on June 23. The pair could be in consolidative mood before the Federal Reserve’s meeting on Wednesday. Technically it looks like we’ll see deeper correction to 1.1200, but for the euro to go below this point there should be good news from the United States. Its further direction will depend largely on whether the Fed reduces its rate forecasts for this year or not. Support is at 1.1215, 1.1140 and 1.1100. Resistance is at 1.1415, 1.1460 and 1.1500. In the European economic calendar other important events include industrial production release on Tuesday, the publication of trade balance on Wednesday and the final inflation readings on Thursday. The ECB president Mario Draghi will have another chance to make an impact on the market on Friday. More: https://new.fxbazooka.com/analytics/9203 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 GBP/USD: outlook for June 13-19 6/13/2016 GBP/USD traded sideways during the past week between 1.4650 and 1.4300. Volatility in this pair is created by various news about the Brexit opinion polls. On June 23 British people will vote whether they want the UK to remain in the European Union or not. For now, opinion surveys tend to show different results. Given the uncertainty many players pull their money out of Britain and pound. Decline below 1.4300 will open the way down to 1.4200 and probably 1.4100. Resistance is at 1.4480 and 1.4560. Pay attention to the UK inflation data on Tuesday and labor market figures on Wednesday. On Thursday Britain will release retail sales statistics. In addition, there will be a meeting of the Bank of England. The central bank will leave monetary policy unchanged. There’s a risk of dovish comments from British central bank. Also watch the outcome of the US Federal Reserve’s meeting on Wednesday: although the rate hike is not expected, traders will watch whether the Fed changes its rate forecast for this year. If it does, GBP/USD will find support. If it doesn’t, bearish pressure will intensify and we’ll see bigger declines. More: https://new.fxbazooka.com/analytics/9204 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 USD/JPY: outlook for June 13-19 6/13/2016 USD/JPY remained close to this year’s minimums and this is not welcome by the Bank of Japan. Yet, as Japan’s prime minister Abe has delayed sales tax hike thus lifting the heavy weight from the nation’s economy, the possibility that the BOJ will expand monetary stimulus has declined. This week there will be meetings of both the Federal Reserve on Wednesday and the Bank of Japan on Thursday. As for the Fed, it is very unlikely to raise the interest rate next week, but the meeting and the press conference will still make the news as we’ll hear whether the Fed’s forecast for 2 rate hikes this year has changed. No action from the Bank of Japan should keep USD/JPY under pressure. Also note that there’s demand for Japanese yen as a safe haven because of concerns about the global economy and approaching Brexit. China will release industrial production figures on Sunday and this will determine investor’s mood at the start of the week. The pair is supported by the rising 200-week MA at 105.95. Next support is at 105.55 (May low) and 105.00 (psychological level, where many market players will expect interventions from Japanese monetary authorities). Resistance is at 108.90 and 110.90. More: https://new.fxbazooka.com/analytics/9205 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 AUD/USD: outlook for June 13-19 6/13/2016 AUD/USD tested 0.7500 area during the past week. Australian dollar was supported as the Reserve bank of Australia kept the benchmark interest rate unchanged, iron ore prices recovered and the expectations of the US Federal Reserve’s rate hike at the next meetings declined. However, many experts still think that the RBA will have to cut rates in August. The latest data from China aren’t very encouraging, and the release of the nation’s industrial production and retail sales figures on Sunday will be a test for higher-yielding currencies, such as Aussie. The pair has retraced 50% of April-May decline and ran into strong resistance formed by the previous lows of the March-April triple top, as well as the daily Ichimoku Cloud. Potential correction targets include 0.7300 and 0.7260. In Australia’s economic calendar next week pay attention to the nation’s labor market figures on Thursday. More: https://new.fxbazooka.com/analytics/9206 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 13, 2016 Report Share Posted June 13, 2016 Key option levels: June 13-19 6/13/2016 EUR/USD • The closest resistance levels: 1.1462; 1.1523; 1.1572; 1.1611 • The closest support levels: 1.1218; 1.1153; 1.1103; 1.1075 • The range of upward risks: 1.1462-1.1611 • The range of downside risks: 1.1218-1.0975 Bulls could not hold the initiative of Euro. In the medium term, the advantage is retained by the bears (the medium-term players target - 1.0850). A breakdown below 1.1218 level will open the way to 1.1153 and 1.1103. Alternative scenario: moving above 1.1462 could be considered as a signal to buy the pair with the target points of 1.1523 and 1.1572. USD/JPY • The closest resistance levels: 108.27; 108.72; 109.43; 109.91 • The closest support levels: 106.25; 105.53; 105.19; 104.11 • The range of upward risks: 108.27-111.92 • The range of downside risks: 106.25-102.08 USD/JPY cannot get out of the bear trap. The medium-term risks are still displaced to the downside. Market makers have formed the strongest Put-level of 90.88; its main purpose is restriction of quotations growth. A break down to the level of 106.25 will create preconditions for a fall to 105.53 and 105.19 levels. Buying will be relevant above 108.27, targets - 108.72 and 109.43. USD/CAD • The closest resistance levels: 1.2922/50; 1.3002; 1.3062; 1.3127 • The closest support levels: 1.2649(36?); 1.2555; 1.2505; 1.2447 • The range of upward risks: 1.2922-1.3435 • The range of downside risks: 1.2649-1.2464 USD/CAD may develop a correction this week. The medium-term outlook for the pair got neutral. Reliable buying should be considered above 1.2922, target points - 1.3002 and 1.3062. Sellers are activated below 1.2649, players’ targets are connected with 1.2555 and 1.2505 levels. More: https://new.fxbazooka.com/analytics/9208 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 14, 2016 Report Share Posted June 14, 2016 Forex trading plan for June 14 6/14/2016 Forex market started a new week in a risk aversion mood because of the Brexit risk and the mass killing in Orlando, United States. Such environment was negative for the euro and British pound, but positive for Japanese yen. Industrial production and retail sales data from China matched the forecasts, and the release didn’t have a big impact on the market. The new week is also market by meeting of many central banks: Federal Reserve, Bank of Japan, Swiss National Bank and Bank of England. Brent crude oil returned down to $50 a barrel area from last week’s high of 52.86 as the number of oil rigs in the US rose by 3 to 328 in the previous week. US dollar index opened with a gap up at 94.80. but then closed the gap declining to 94.50. America will release retail sales figures at 12:30 GMT on Tuesday: a slowdown in the indicator’s growth is expected. After last week’s reversal to the downside EUR/USD remain under pressure. Support is at 1.1195 and 1.1140. It will be difficult for the bears to pull the single currency below 1.1100. On Tuesday the euro area will release industrial production and employment change data at 09:00 GMT, but the pair will be driven by the market’s risk sentiment and US economic data. The pair will likely remain consolidation ahead of the Fed’s meeting on Wednesday. USD/JPY is trying to test levels below 200-week MA in the 106.00 area. Next support is at 105.40 and 104.55. According to the consensus forecast, analysts don’t expect the Bank of Japan to act on Thursday, but the majority of them thinks that the BOJ will make such step in July. All in all, the pair remains under negative pressure as long as its trading below 108.90. GBP/USD fell to 1.4115 after closing below the February-April support line on Friday, when Orb/Independent newspaper poll showed 55% of voters want the country to leave the EU, and 45% support the remain camp. The uncertainty remains, so Brexit fears will remain the main driver of GBP/USD, and this driver will keep pulling the pair down. The UK will release inflation figures at 08:30 GMT. Support is at 1.4070/35, while the short-term recovery may extend to resistance at 1.4300 and 1.4420. More: https://new.fxbazooka.com/analytics/9217 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted June 14, 2016 Report Share Posted June 14, 2016 USD/JPY: "Harami" urges bears to deliver a new low 6/14/2016 The price has been falling down since an “Evening Star” formed at the last high. The last candles are bearish, so we haven’t got any reversal patterns so far. Therefore, the market is likely going to reach the nearest support line. As we can see on the Daily chart, there’s a black candle in progress, but it’s possible to see any bullish pattern on the support line nearby. If so, an upward correction becomes possible. There’s a “High Wave” at the local low, but this pattern hasn’t been confirmed. Moreover, we’ve got a bearish “Harami”, which is likely going to be confirmed shortly. So, if that's the case a new low is coming soon. More: https://new.fxbazooka.com/analytics/9226 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
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