riki143 Posted June 14, 2016 Report Share Posted June 14, 2016 EUR/USD: bears with the "Two Black Crows" pushing the price down 6/14/2016  Thereâs a âHanging Manâ at the local high, which has been confirmed. We havenât got any reversal patterns so far and that makes bears absolutely free to reach the nearest support line in the short term. As we can see on the Daily chart, thereâre a âDojiâ and a âTwo Black Crowsâ at the last maximum, so the market is likely going to get a support on the 34 & 55 Moving Average lines.  Weâve got a âHaramiâ and a âHanging Manâ on the upper âWindowâ, which both have been strongly confirmed by the current decline. Under this circumstances, bears are likely going to move on until any reversal bullish pattern arrives.  More: https://new.fxbazooka.com/analytics/9225 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 GBP/CHF reached sell target 1.3800 6/14/2016 GBP/CHF reached sell target 1.3800 Next sell target - 1.3400 GBP/CHF recently broke though the support level 1.3800, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level accelerated the C-wave of the active intermediate ABC correction (2) from the end of May (which started when the pair reversed down from the resistance zone surrounding the resistance level 1.4600). GBP/CHF is likely to fall further to the next sell target at the strong support level 1.3400 (low of the previous primary ABC correction ⥠and the forecast price calculated for the completion of the active wave (2)).  More: https://new.fxbazooka.com/analytics/9224 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 GBP/JPY broke pivotal support level 152.00 6/14/2016 GBP/JPY broke pivotal support level 152.00 Next sell targets - 148.00 and 146.00 GBP/JPY recently broke through the pivotal support level 152.00, which stopped the earlier minor impulse wave (i) at the start of April and which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level continues the active minor impulse wave 3, which belongs to the intermediate impulse wave (5) from the start of February. GBP/JPY is likely to fall further to the next sell target at the support level 148.00 â the breakout of which can lead to further losses toward 146.00 (target price calculated for the completion of the active impulse wave (5)).  More: https://new.fxbazooka.com/analytics/9223 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 GBP/USD: new low is coming soon 6/14/2016  The price has found a support at 1.4089, which led to the current upward correction. Nevertheless, bears are still powerful, so the market is likely going to break the last low and reach a support at 1.4089 â 1.4036 afterwards. If sellers be stopped here, an upward correction becomes possible.  Weâve got a local flat between the level at 1.4129 and the 34 Moving Average. Therefore, this consolidation is likely going to be ended by the coming bearish movement towards a support at 1.4089 â 1.4039. However, bulls will probably try to set up an upward correction later on, but only if a pullback from the next support happens. More: https://new.fxbazooka.com/analytics/9220 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 Oil prices have reached two-week low 6/14/2016 Oil prices have reached two-week low on Tuesday, as global fears about Brexit put pressure on risky assets. According to two opinion polls published on Monday, the supporters of British exit from the EU continued to grow in number ahead of the referendum on June 23. If the UK leaves the European Union, the recession in Europe may increase. As a result, it might put a pressure on the global economy. On the ICE futures exchange, Brent crude oil for August delivery reached its intraday low of $49,61 per barrel, the minimum readings since June 3. At 07:55 GMT, the price is $49,68, lower by 67 cents (or 1,33%). A day earlier in London, Brent futures fell by 19 cents (or 0.38%). Brent prices increased by almost 90% since briefly slumped below $30 per barrel in mid-February. That happened as unplanned supply disruptions from Africa eased concerns over the global oversupply. Trader will focus on the International Energy Agency monthly report on oil market condition. Their monthly report released on Monday states that OPEC has proven the forecast of world oil reserves growth and demand increase. WTI crude oil for delivery in July fell by 71 cents (or 1.45%) on NYMEX. WTI was traded at $48 per barrel at the beginning of session and reached its minimum of $48,11 per barrel, the lowest price since June 2. The oil price in New York lost 19 cents (or 0.39%) on Monday. Genscape industry group reported about the WTI oil reserve growth by 525.000 barrels in Cushing, Oklahoma, last week. Bidders now focused on the fresh weekly data on oil reserve and oil products. The American Petroleum Institute plans to release its inventory report today. The government data is expected on Wednesday and might show oil reserves reduction by 2.3 million barrels within the week ended June 10. The U.S. oil futures rose by almost 85%, after slumped up to its 13-year minimum of $26.05 in February. The decline in the US shale oil production improved the market sentiment. However, since the prices reached the profitable level for some companies to start drilling, the number of drilling rigs may grow, and the reduction in the US production may slow down. According to Baker Hughes, the supplier of oilfield services, the number of drilling rigs in the US increased by 3 up to 328 last week. The growth in number of drilling rigs in the United States is fueling speculation. The oil production in the country could rebound in the coming weeks, proving oversupply concerns. Moreover, the spread between Brent and WTI oil grades is $1,51 per barrel, compared to $1,47 at the close time of the previous session.  More: https://new.fxbazooka.com/analytics/9227 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 15 6/14/2016 Risk aversion remained the main driver of the Forex market on Tuesday. US dollar index recovered as the greenback strengthened against the euro, British pound and commodity currencies. US retail sales growth slowed down in May, though the headline reading was a bit better than expected. The market will remain in the situation of uncertainty ahead of the Federal Reserveâs meeting and press conference at 18:00 and 18:30 GMT on Wednesday. The US will also release data on producer prices, Empire State manufacturing index and industrial production before the meeting results.  Japanese yen is supported by the safe haven demand: USD/JPY is actively testing levels below 106.00 (200-week MA). Downside targets lie at 105.40 and 104.55. Japanese Finance Minister Taro Aso once again said that the nationâs monetary authorities will act if the exchange rate moves are too rapid. Thereâs potential for recovery to 106.75/107.00, but at these levels selling interest will likely renew. The bigger picture for the pair will depend on the outcome of the Fedâs meeting. British pound is moving in a volatile fashion that requires caution from traders, but the bears seem to dominate. GBP/USD twice found support in the 1.4115 area. A close below this level (even at H1) will open the way down to 1.4035/00. Resistance is at 1.4200 and 1.4300. The UK inflation data released on Thursday were weak. On Wednesday Britain will publish labor market figures at 08:30 GMT. EUR/USD failed to return above 1.1300 and moved down, despite more positive than expected employment and industrial production statistics from the euro area, as all eyes now are on the US and the marketâs risk sentiment. The pair can retest support at 1.1150/00. The decline should be limited as traders await the outcome of the Fedâs meeting. Negative risk sentiment didnât let AUD/USD to get higher, though the decline attracted new buyers. Support is at 0.7300 ahead of 0.7260. Increase above 0.7405 is needed to open the way to 0.7450 and 0.7500.  https://new.fxbazooka.com/analytics/9228 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 USD/JPY ahead Fed decision: Strong demand zone in place? 6/15/2016 Today will be released the major economic data of the week at 18:00 GMT, where the US Federal Reserve will decide about to hike or hold the interest rate during this month, which remains at 0.50%. Analysts don't expect, with current US economic conditions, that the central bank will hike the rates in June. Also, in a global overview, with the Brexit referendum to take place next week, Fed could be considering to wait for results before to take any major decision. 30 minutes later, Fed's chairwoman Janet Yellen will speak and possibly, during her speech, US Dollar could take a clearer decision about its direction. At the H4 chart of USD/JPY, there is a key level on place at 105.67, as we see it as a very strong demand area. If Fed's favors a rate hike today, pair can test the resistance level of 107.71, and possibly it could attempt a bullish consolidation above 200 SMA. In a scenario where the officials decide to hold the rates during June, then possibly it could break the 105.67 level, toward 104.72 in a first degree.  More: https://new.fxbazooka.com/analytics/9229 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 EUR/USD loses the ground again 6/15/2016 Yesterday's Forex trading session has been noted by severe depreciation of European currency against the American dollar. The EURUSD has lost more than a figure: minimums of the day was going under the 12th figure, to 1.1180/90. During this time the four-hour Ichimoku indicator also has begun its reconstruction. The cloud which has critically narrowed its range in the descending direction also can join the Dead Cross created by Tenkan and Kijun lines. At the same time, it is necessary to consider that Chinkou Span is located in the oversold area. Therefore the correctional recovery to the Tenkan line is possible today. Technical levels: support â 1.1200, 1.1150; resistance â 1.1240/60. Trading recommendations: 1. Sell â 1.1240; SL â 1.1260; TP1 â 1.1150; TP2 â 1.1115.  More: https://new.fxbazooka.com/analytics/9230 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 EUR/USD: two "V-Bottoms" are calling an upward correction 6/15/2016  The price has faced a support at 1.1179, which led to the local upward movement towards a resistance at 1.1219. Nevertheless, the market is likely going to reach the next resistance area between the level at 1.1242 and the Moving Average lines. If a pullback happens afterwards, thereâll be a chance to see a downward movement in the direction of the uptrendâs support area.  As we can see on the one-hour chart, the bearish movement has found a support at 1.1187. So, weâve got a correction in progress, which is likely going to move on towards a resistance at 1.1242 â 1.1255. However, if we see a pullback from this area, bears will probably try to set up a decline once again. More: https://new.fxbazooka.com/analytics/9232 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 GBP/USD: bulls are ready to deliver a local correction 6/15/2016  Thereâs a support at 1.4089, which has stopped bears for a while. So, the market is likely going to get a resistance at 1.4227 â 1.4248. If sellers push off from this area, thereâll be an opportunity to see a decline towards a support at 1.4039 â 1.4003.  Weâve got a local flat in progress between the nearest support at 1.4089 and the 34 Moving Average. Therefore, the market is likely going to get a resistance at 1.4227 â 1.4248 during the day. However, this possible movement will be just a correction, so bears can well bring a new low afterwards. More: https://new.fxbazooka.com/analytics/9233 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while. 6/15/2016  Thereâre a âTweezersâ and a âHammerâ at the local low, which both have been confirmed. So, the market is likely going to take through the âWindowâ paces once again. If a pullback happens afterwards, bears will probably try to move on. As we can see on the Daily chart, the price has reached the 89 Moving Average. Also, thereâs a possible âTweezersâ pattern in progress. If it confirms, an upward correction becomes possible.  The pair has been falling down since a âHaramiâ arrived at the local high. However, weâve got a âTowerâ and a âTweezersâ at the last low, so the price is likely going to get a resistance on the 34 or 55 Moving Average lines. If so, the market is probably going to decline until new bullish patterns form. More: https://new.fxbazooka.com/analytics/9234 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 USD/JPY: "Window" could force the bullish correction 6/15/2016  Weâve got a bullish âHaramiâ at the last low, which has been confirmed, so thereâs a local correction in progress. Therefore, the market is likely going to reach the nearest resistance line, which can reverse the price movement into the bearish direction. As we can see on the Daily chart, hereâs a âHigh Waveâ at the local low, but we havenât got a confirmation for this pattern. So, bears are probably going to deliver a new low afterwards.  Thereâre a âHigh Waveâ and a âHaramiâ at the local low, which both have been confirmed. Also, weâve got a âShooting Starâ, so bears are still in the game. However, if the nearest local âWindowâ acts as a support, we could see a new local high very soon.  More: https://new.fxbazooka.com/analytics/9235 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 GBP/CAD reached sell target 1.8200 6/15/2016 GBP/CAD reached sell target 1.8200 Next buy target - 1.8500 GBP/CAD recently reversed up from the support zone lying between the support levels 1.8110 (which stopped the earlier impulse waves 3 and (5) in April, as can be seen from the daily GBP/CAD chart below) and 1.8200 (previous sell target set in our earlier forecast for this currency pair). This support zone was strengthened by the lower daily Bollinger Band. Given the oversold reading on the daily Stochastic indicator - GBP/CAD can be expected to correct up further in the active minor correction 4 toward the next buy target at the resistance level 1.8500 (38.2% Fibonacci correction of the previous downward impulse wave from May).  More: https://new.fxbazooka.com/analytics/9236 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 15, 2016 Report Share Posted June 15, 2016 CAD/JPY reversed from strong support level 82.30 6/15/2016 CAD/JPY reversed from strong support level 82.30 Next buy target - 85.00 CAD/JPY recently reversed up from the support zone surrounding the strong support level 82.30 (which had previously stopped and reversed the previous waves (B), (1), B and 1, as can be seen from the daily CAD/JPY chart below). The support zone near the support level 82.30 was further strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the previous primary ABC correction ⥠from the middle of January. CAD/JPY is likely to rise further to the next buy target at the resistance level 85.00 (which stopped the previous waves A, (b) and (2), as can be seen below).  More: https://new.fxbazooka.com/analytics/9237 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 USD/CHF & SNB Libor Interest Rate: Another lower reaction? 6/16/2016 Today in Switzerland at 07:30 GMT will be released the Libor interest rate decision and SNB Chariman Thomas Jordan will speak at same time. It's expected that the current negative rates remains unchanged (-0.75% v -0.75%) on this quarterly meeting and the stance from Swiss National Bank to intervene in foreign exchange market when they think it should be necessary will be something that, at least in the short-term, cannot be changed as well. The technical picture for USD/CHF at daily chart is showing some interesting patterns, as the pair has been reacting to the downside when the SNB meeting is done and as you may see on March 17th, it consolidated below the 200 SMA. Currently, it's facing a strong support zone around the 0.9586 level and while the Fed didn't push lower the pair (CHF strong) enough during wednesday's session, a breakout below the price zone 0.9586 towards the 0.9480 level in a mid-term basis cannot be discarded at this stage yet. However, if Jordan's words are very dovish, then it could rebound to the 50 SMA (0.9742).  More: https://new.fxbazooka.com/analytics/9238 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 EUR/USD: "Pennant" points to the deeper upward correction  The price has faced a support at 1.1179, so weâve got a âDouble Bottomâ, which has been confirmed. So, the market is likely going to get a resistance at 1.1326 in the short term. If a pullback from this level happens, thereâll be a chance to see a decline towards a support at 1.1242.  Bulls have found a local resistance at 1.1282, which led to form the current âPennantâ pattern. Therefore, the pair is likely going to rise towards a resistance at 1.1321 â 1.1325 during the day. However, if a pullback from this area happens, bears will probably try to catch a support on the 55 Moving Average. More: https://new.fxbazooka.com/analytics/9241 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 GBP/USD: "Triple Bottom" entered the market into the correction phase 6/16/2016  The price has found a support at 1.4089, which brought a âV-Bottomâ pattern. So, the pair reached a resistance at 1.4227 afterwards. Itâs likely that the market is going to test the last low during the day. If bears be stopped here, thereâll be a chance to see an upward movement in the direction of a resistance at 1.4248.  Weâve got a âTriple Bottomâ, which has been confirmed, so the price achieved the 34 Moving Average. Currently, thereâs a flat in progress. So, the market is likely going to decline towards a support at 1.4113 â 1.4089. At the same time, if a pullback from this area happens, bulls will do their best to reach a resistance at 1.4227 â 1.4248. More: https://new.fxbazooka.com/analytics/9242 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 EUR/USD: "Three Black Crows" strike an awe into bulls 6/16/2016  Thereâs an âEngulfingâ at the local high, so the market is likely going to reach the nearest support line. If any bullish pattern arrives afterwards, an upward movement in the direction of the last high becomes possible. As we can see on the Daliy chart, hereâs a âTweezersâ in the 89 Moving Average, so if it confirms bulls will probably try to continue the current upward correction.  Weâve got a strong support by the upper âWindowâ, which has brought an âEngulfingâ an a âThree Black Crowsâ patterns, both of them have a good confirmation. Therefore, the pair is likely going to get a resistance on the 21 or 34 Moving Average lines in the short term. If we see a pullback from these lines, bears will have an opportunity to deliver a new low afterwards. More: https://new.fxbazooka.com/analytics/9250 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 CHF/JPY broke support level 109.00 6/16/2016 CHF/JPY broke support level 109.00 Next sell target - 107.00 CHF/JPY recently broke sharply through the support level 109.00 â which previously reversed the price sharply at the start of June as you can see from the daily CHF/JPY chart below. The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the extended intermediate downward impulse wave Š from May of last year. CHF/JPY is expected to fall further to the next sell target at the support level 107.00 (forecast price calculated for the completion of the active minor impulse wave 3). Strong resistance now stands at 109.00.  More: https://new.fxbazooka.com/analytics/9251 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 USD/JPY broke pivotal support level 105.80 6/16/2016 USD/JPY broke pivotal support level 105.80 Next sell target - 102.40 USD/JPY continues to fall inside the minor impulse wave 3, which is a part of the intermediate downward impulse wave (3) from the end of May. The price earlier broke through the pivotal support level 105.80 (which stopped the previous intermediate impulse wave (1) at the start of May). The breakout of the support level 105.80 greatly intensified the bearish pressure on this currency pair. USD/JPY is likely to fall further to the next sell target at the support level 102.40 (target price calculated for the completion of the active minor impulse wave 3). Sell stop-loss can be placed above the recently broken price level 105.80.  More: https://new.fxbazooka.com/analytics/9252 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 USD/JPY: bears wipe the floor with bulls 6/16/2016  Thereâs a âHammerâ at the achieved âWindowâ, but it hasnât been confirmed yet. Therefore, an upward correction is likely going to begin, so we should keep an eye on the nearest resistance line. As we can see on the Daily chart, the price has reached the lower support. Moreover, the last black candle has a long shadow, so bulls are probably arriving to set up an upward correction.   Weâve got a confirmed âHaramiâ and a âThree White Soldiersâ at the last low. Currently, hereâs a possible âEngulfingâ in progress. Therefore, a local downward movement becomes possible, but bulls will probably try to continue the upward correction, which was started yesterday. More: https://new.fxbazooka.com/analytics/9253 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 16, 2016 Report Share Posted June 16, 2016 GOLD probably overcomes the level at 1312.50 6/16/2016 The price continues to test new marks, and has already achieved key level 8/8 (1312.50). No breakdowns STH4, which indicates the strength of the bulls. Despite growing STH4 and STD1, the expected pullback to the area of STD1 can happen now. The key level is 8/8, the breakdown of which at least one third of the width of the levels will lead to a further increase to the level + 1/8 (1328.13). The advantage is to give a bullish scenario, ambushed the breakdown 8/8. Trade recommendation: Buy â 1318.00; sell â 1312.00; tp â 1328.00.   More: https://new.fxbazooka.com/analytics/9254 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 17, 2016 Report Share Posted June 17, 2016 EUR/USD: bears run smack into the "Window" 6/17/2016  Weâve got a âHaramiâ at the local high, so the nearest support line is still in the game. Moreover, itâs likely to have any bullish patterns on this line. As we can see on the Daily chart, thereâre a âHigh Waveâ and a âHaramiâ, but both of them havenât got a confirmation. If it finally arrives, the market is probably going to achieve the resistance nearby.  Thereâs a bullish âHigh Waveâ at the last minimum, which has been confirmed. However, weâve got a confirmed âHanging Manâ at the local high, which means that the nearest support line is likely going to be reached in the short term. More: https://new.fxbazooka.com/analytics/9270 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 17, 2016 Report Share Posted June 17, 2016 GBP/USD corrected from round support level 1.4000 6/17/2016 GBP/USD corrected from round support level 1.4000 Next buy target - 1.4350 GBP/USD recently corrected up sharply from the support zone near the round support level 1.4000 (which stopped the (B)-wave of the previous primary ABC correction ⥠from the end of February and which was set as the sell target in our previous forecast for this currency pair). The upward reversal from this support zone stopped the earlier impulse waves 3 and (3) â which belongs to the primary impulse wave ⢠from the start of May. GBP/USD is likely to rise further to the next buy target at the nearby resistance level 1.4350 (former strong support level which reversed earlier waves (1) and 1).  More: https://new.fxbazooka.com/analytics/9273 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
riki143 Posted June 17, 2016 Report Share Posted June 17, 2016 NZD / USD is bullish direction 6/17/2016 The pair is in the corridor between the levels 6/8 (0.6958) and 8/8 (0.7080). Securing above STH4, as well as a rebound from the 6/8 are good arguments in favor of growth to the area of level + 1/8 (0.7141). It should be noted that trend is bullish, a rebound from the 8/8 level has not been completed breakdown 6/8. Nevertheless, it is advisable to wait for the breakdown of 8/8, after which accomplishes possible purchase. Unlikely breakdown STH4 will lead to a continuation of the flat short-term, that is, to the level of 6/8. Trade recommendation: Buy â 0.7100; sl â 0.7065; tp â 0.7140.  More: https://new.fxbazooka.com/analytics/9274 Quote http://www.99fortuneforex.tk/  Link to comment Share on other sites More sharing options...
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