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Anna FBS

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AUD/USD: on the positive mood

7/4/2016

 

The currency pair AUD/USD is positive today. Trades are reached the positive area and carried out over a Ichimoku cloud on the H4-timeframe. The bulls are supported by gold cross formed with the Tenkan-Sen and Kijun-Sen. But the cloud remains in the bearish mood and it’s make the market go back to the area of 0.7450 in the short-term look. Also note there’s a strong resistance around 0.7540.

 

Technical levels: support – 0.7430/40; resistance – 0.7540.

 

Trade recommendations:

 

1. Buy — 0.7450; SL — 0.7430; TP1 — 0.7540; TP2 — 0.7580.

 

AUDUSDH4-TN(13).png

 

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https://new.fxbazooka.com/analytics/9471

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EUR/USD: bears have a good mind to move on because of the "Flag"

7/4/2016

 

4-7-2016-EUR-H4.png

 

The price has faced a resistance on the 34 Moving Average, which pushed the price a little bit down. However, the current bearish movement could be just a local correction, so the market is likely going to achieve the 89 Moving Average afterwards. If a pullback from this line happens later on, there’ll be a chance to see the pair somewhere in the nearest support area at 1.1057 – 1.1032.

 

4-7-2016-EUR-H1.png

 

As we can see on the one-hour chart, there’s a flat in progress and the price is testing the “Triangle’s” upper side. Also, we’ve got a local “Pennant” pattern. Therefore, the pair is likely going to reach a resistance at 1.1188 – 1.1222 in the short term. At the same time, if bulls stop here, a downward movement in the direction of a support at 1.1032 becomes possible.

 

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https://new.fxbazooka.com/analytics/9472

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GBP/USD: "Triangle" is going to be broken soon

7/4/2016

 

4-7-2016-GBP-H4.png

 

The pair has found a support at 1.3226, which led to a local upward price movement. Nevertheless, we’ve got a “Pennant” pattern, so the market is likely going to decline towards a support area between the levels 1.3116 – 1.3015. If a pullback from here happens, bulls will probably try to catch a resistance at 1.3483 – 1.3614.

 

4-7-2016-GBP-H1.png

 

The price has been moving in a range of the possible “Triangle” pattern. Its lower side is likely going to be broken soon, so we should keep an eye on the next support at 1.3116 – 1.3015 as a possible bearish target. Considering a probable pullback from this area, a resistance at 1.3483 – 1.3614 could be reached later on.

 

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https://new.fxbazooka.com/analytics/9473

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GBP/USD: how do big banks trade?

7/4/2016

 

Goldman Sachs: Short from 1.3281, Take Profit at 1.3177, Stop Loss at 1.3364 (July 3)

 

UOB: Short from 1.3400, Take Profit at 1.3000, Stop Loss at 1.3530 (June 26)

 

Societe Generale: Short from 1.3750, Take Profit at 1.2500, Stop Loss at 1.4500 (June 26)

 

Credit Suisse: Sell limit at 1.3520, Take Profit at 1.3295, Stop Loss at 1.3685 (July 1)

 

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https://new.fxbazooka.com/analytics/9474

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GBP/NZD falling inside intermediate impulse wave (3)

7/4/2016

 

GBP/NZD falling inside intermediate impulse wave (3)

Next sell target - 1.8200

GBP/NZD recently broke sharply through the support zone lying between the support trendline of the extended daily down channel from last September and the two support levels: 2.000 (which stopped the earlier intermediate impulse wave (1) in the middle of June, as can be seen below), 1.9500 and 1.9000. The breakout of this support zone greatly accelerated the active intermediate impulse wave (3).

 

GBP/NZD is likely to fall further to the next sell target at the support level 1.8200 (forecast price calculated for the termination of the active impulse wave (3)). Strong resistance now stands at 1.9500 and 1.9000.

 

GBPNZD_-_Primary_Analysis_-_Jul-04_1403_PM_(1_day).png

 

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https://new.fxbazooka.com/analytics/9475

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EUR/NZD reached sell target 1.5450

7/4/2016

 

EUR/NZD reached sell target 1.5450

Next sell target - 1.5200

 

EUR/NZD has been falling in the last few trading sessions inside the minor impulse wave 3, which is a part of the intermediate impulse wave (3) from the start of May. The price reversed down previously from the resistance zone surrounding the lower trendline of the recently broken daily down channel from the middle of January (acting as resistance now after it was broken).

 

The price is currently trading close to the support level 1.5450 (previous sell target set in our earlier forecast for this pair). If the price breaks below 1.5450 - EUR/NZD can then fall further to the next sell target at the support level 1.5200 (forecast price for the completion of impulse wave 3).

 

EURNZD_-_Primary_Analysis_-_Jul-04_1359_PM_(1_day).png

 

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https://new.fxbazooka.com/analytics/9476

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EUR/USD: "Harami" increase bearish pressure

7/4/2016

 

0407eurusdh4.png

 

We’ve got a “Tower” and a “High Wave” on the 34 Moving Average, but both patterns haven’t been confirmed yet. Also, there’s a strong resistance by the upper “Window”. As we can see on the Daily chart, here’s a “Harami”, but without a confirmation. If a confirmation arrives later on, a downward movement becomes possible.

 

0407eurusdh1.png

 

The price tested the 144 Moving Average, which brought a “Harami” pattern. Also, there’s a “Shooting Star” at the local low. So, the price is likely going to test the 89 Moving Average once again, which could reverse a price movement the direction of the lower “Window”.

 

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https://new.fxbazooka.com/analytics/9477

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USD/JPY: "Engulfing Bearish" points to a new downward movement

7/4/2016

 

0407usdjpyH4.png

 

There’s a “Doji” at the local high, which has been confirmed enough. So, the price is likely going to reach the 34 Moving Average shortly. As we can see on the Daily chart, we’ve got an unconfirmed “Engulfing”. If it confirms, bears will probably try to return into the market.

 

0407usdjpyH1.png

 

We’ve got a “Harami” at the last high, which has been confirmed. Also, there’s an “Engulfing” on the 55 Moving Average, so the pair is likely going to get a resistance on the 21 Moving Average. If a pullback from this line arrives later on, a downward movement becomes possible.

 

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https://new.fxbazooka.com/analytics/9478

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EUR/JPY: yen is waiting for the right time

7/5/2016

 

There's correction on the daily EUR/JPY chart. This is expressed in higher MACD and convergence of the moving averages (EMA26 and EMA9). At the same time, the trand remains bearish, ADX>25 and keeps rising, +DMI>-DMI. In the situation like this we use strategies based on the return to the existing trend. Traders have to wait for the pair's return to important support. The test of this support will be a signal to enter short positions.

 

Screenshot_2016_07_05_06_29_40.png

 

On H1 EUR/JPY formed the reversal pattern 1-2-3. If the bulls fail to make the move, it will signal their weakness.

 

Screenshot_2016_07_05_06_29_17.png

 

Recommendation: SELL 111,5 SL 112,5 TP1 109,5 TP2 107,5.

 

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https://new.fxbazooka.com/analytics/9481

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XAU/USD: gold wants more

7/5/2016

 

There's a steady uptrend at the daily chart: ADX>25 and rising, +DMI>-DMI, EMA9>EMA26. Correction in the form of declining MACD will be short-lived and may be used to open long positions. We recommend buying on the pullbacks and on the break above important resistance levels.

 

Screenshot_2016_07_05_06_38_55.png

 

On H1 gold formed 1-2-3 pattern. Return to point 3 with further breakthrough should be used for opening long positions. Decline of Stochastics below 20 and the further return to the trade channel may also be a buy signal.

 

Screenshot_2016_07_05_06_35_19.png

 

Recommendations: BUY 1332, SL 1302, TP 1392; BUY 1354, SL 1304, TP1 1404, TP2 1454.

 

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https://new.fxbazooka.com/analytics/9482

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EUR/USD: inside the cloud area

7/5/2016

 

During yesterday's session Eurodollar has remained inside the Ichimoku cloud on the four-hour timeframe. The bulls still can’t breakout through the resistance of 1.1170. Therefore, the prices made a pullback to the lines of Tenkan-Sen and Kijun-Sen, formed a support-level near the 11th figure. And later the bulls, supported by the golden cross, tried to restore the prices to upper boundary of Ichimoku cloud. However the market returned to Tenkan-sen at this morning. It’s indicating the weakness of bulls.

 

Technical levels: support - 1.1100; resistance - 1.1170.

 

Trade recommendations:

 

1. Sell — 1.1120/30; SL — 1.1150; TP1 — 1.1000; TP2 — 1.0950.

 

eurusdh4-TN(10).png

 

More:

https://new.fxbazooka.com/analytics/9483

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USD/JPY: rebounding from the clouds

7/5/2016

 

As we expected, yesterday the pair USD/JPY was trading at the lower boundary of the four-hour Ichimoku cloud. The bulls failed breaking out that resistance. Therefore the downtrend was continued. Today trading goes already at the 102-th figure. Tenkan-Sen and Kijun-sen formed a new dead cross. Ichimoku Cloud is extended downwards. We expect decreasing the market to new lows.

 

Technical levels: support – 102.00; resistance – 102.40.

 

Trade recommendations:

 

1. Sell — 102.20/30; SL — 102.50; TP1 — 101.50; TP2 — 101.00.

 

usdjpyh4-TN(16).png

 

More:

https://new.fxbazooka.com/analytics/9484

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AUD/USD: the Aussie is overbought

7/5/2016

 

Yesterday the pair AUD/USD updated the two-week highs to the 0.7540. As we noted earlier, there is a strong resistance at this level. Additionally, the market was quite overbought. It's stopped the recovery process. Therefore today we saw a correction to the Tenkan-Sen. This line is holding the further falling of pair, but the correction can be continued up to the Kijun-sen. An then the new buyers may return to the market .

 

Technical levels: support – 0.7500, 0.7460; resistance – 0.7540.

 

Trade recommendations:

 

1. Buy — 0.7460; SL — 0.7440; TP1 — 0.7540; TP2 — 0.7580.

 

AUDUSDH4-TN(14).png

 

More:

https://new.fxbazooka.com/analytics/9485

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EUR/USD: bears going to break the "Triangle"

7/5/2016

 

 

5-7-2016-EUR-H4.png

 

There’s a consolidation in progress under the 34 Moving Average. It seems like the price is about to finish forming the local high. Therefore, the market is likely going to reach a support area between the levels 1.1057 – 1.1032 in the short term. If a pullback from here happens afterwards, there’ll be a chance to see an upward movement in the direction of the nearest resistance by the 55 Moving Average.

 

5-7-2016-EUR-H1.png

 

As we can see on the one-hour chart, we’ve got a flat inside the current “Triangle” pattern. Its lower side is likely going to be broken shortly, so we should keep in mind a support at 1.1032 as the next possible intraday target. If we see a pullback from this level later on, bulls will likely try to achieve a resistance at 1.1179 – 1.1188.

 

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https://new.fxbazooka.com/analytics/9486

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GBP/USD: new low is on the way due to the "Triangle"

7/5/2016

 

5-7-2016-GBP-H4.png

 

We’ve got a consolidation in a range of the current “Pennant” above the local support at 1.3226. This pattern is likely going to be broken shortly, so we should keep an eye on the next support at 1.3116 – 1.3016. If a pullback from this area be on the table, a bullish movement towards a resistance at 1.3483 – 1.3614 becomes possible.

 

5-7-2016-GBP-H1.png

 

There’s a flat on the one-hour chart as well. We’ve got a possible “Triangle” here, which is obviously increase bearish pressure. Therefore, its lower side is likely going to be broken during the day. If the price finds a support at 1.3116 – 1.3015 afterwards, there’ll be an opportunity to see an achievement of the nearest resistance at 1.3483 – 1.3614.

 

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https://new.fxbazooka.com/analytics/9487

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GBP/CAD broke daily down channel

7/5/2016

 

GBP/CAD broke daily down channel

Next sell target - 1.6500

GBP/CAD recently broke through the support levels 1.7600 (previous sell target set in our earlier forecast for this currency pair) - and 1.7500. After breaking below 1.7500 – the pair corrected up to test this price level (acting as resistance now after it was broken by the previous sharp downward impulse wave (3)) – after which the price reversed down – starting the active intermediate impulse wave (5).

 

The pair today broke the support trendline of the daily down channel from January – which should accelerate the active impulse wave (3). GBP/CAD is expected to fall further to the next sell target at the support level 1.6500.

 

GBPCAD_-_Primary_Analysis_-_Jul-05_1246_PM_(1_day).png

 

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https://new.fxbazooka.com/analytics/9488

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GBP/CHF broke key support level 1.2860

7/5/2016

 

GBP/CHF broke key support level 1.2860

Next sell target - 1.2600

GBP/CHF recently reversed down sharply from the resistance zone lying at the intersection of the resistance level 1.3200 and the 23.6% Fibonacci retracement level of the earlier sharp downward impulse from the end of June. The downward reversal from this resistance zone completed the previous minor correction 4 of the active intermediate impulse wave © from the end of May.

 

GBP/CHF today broke below the key support level 1.2860 (which stopped the previous minor impulse wave 3). The breakout of this support level follows the earlier breakout of the wide daily down channel from December. GBP/CHF is likely to fall further to the next sell target at the support level 1.2600.

 

GBPCHF_-_Primary_Analysis_-_Jul-05_1240_PM_(1_day).png

 

More:

https://new.fxbazooka.com/analytics/9489

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EUR/USD: "Shooting Star" calling bears into the market

7/5/2016

 

0507eurusdh4.png

 

The price has achieved the 55 Moving Average, so we’ve got a “Shooting Star” here, but this pattern hasn’t been confirmed yet. At the same time, the upper side of the current window is acting as a resistance. So, the 55 Moving Average is likely going to be tested once again. If a pullback from it happens afterwards, a bearish price movement becomes possible. As we can see on the Daily chart, there’s a possible bearish pattern on the 89 Moving Average, so if it confirms, bears will likely try to move on.

 

0507eurusdh1.png

 

We’ve got a pullback from the nearest resistance line, which led to form a “Harami” pattern, but it hasn’t been confirmed yet. If it has later on, there’ll be an opportunity to see another downward movement in the direction of the last low.

 

More:

https://new.fxbazooka.com/analytics/9490

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USD/JPY: bears in the game again

7/5/2016

 

0507usdjpyH4.png

 

The price has been falling down since a “Doji” arrived at the last high. So, bears is likely going to move on in the short term. As we can see on the Daily chart, there’s an “Engulfing” at the local high, which has been confirmed enough. Considering there isn’t any reversal pattern so far, the current decline is going to be continued.

 

0507usdjpyH1.png

 

We’ve got a “Three Methods” pattern right after an “Engulfing” at the last high. Moreover, the nearest “Window” has been broken, so bears are absolutely free to go on and deliver new lows one by one.

 

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https://new.fxbazooka.com/analytics/9491

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EUR/USD: bears started to attack

7/6/2016

 

The downtrend is resuming on the daily EUR/USD chart. This may be seen from the position of the moving averages (EMA9 and EMA26) and the fact that –DMI is above +DMI. MACD begins declining - a reason to look for sell signals.

 

Screenshot_2016_07_06_07_27_14.png

 

On H1 EUR/USD is moving down within 5-0 pattern. The pair has finished the final wave. Return to 23.6%, 38.2%, 50% and 61.8% should be used for entering short positions. For confirmation one may use the advance of Stochastics above 80 with the following return to the borders of 20-80 channel.

 

Screenshot_2016_07_06_07_27_35.png

 

Recommendations: SELL 1,1093, SL 1,1154 TP 1,0893; SELL 1,1111, SL 1,1154 TP1,0911.

 

More:

https://new.fxbazooka.com/analytics/9494

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GBP/USD: don't try to catch falling knives

7/6/2016

 

British pound keeps declining versus the US dollar. GBP/USD has reached our previous targets. The main question now is: where is the bottom? Harmonic patterns will show us an answer.

 

Screenshot_2016_07_06_07_42_33.png

 

On H1 long-term model AB=CD, painted in red, with target at 127.2% points at 1.25. Here we also have the target of the medium-term AB=CD pattern and projection 3-4. It's formed based on projection 1-2, which links the upper and the lower borders of the long-term uptrend channel. As a result, GBP/USD hasn't reached the bottom yen and may continue falling to 1.25.

 

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https://new.fxbazooka.com/analytics/9495

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EUR/USD: the downtrend has resumed

7/6/2016

 

During yesterday's trading the Eurodollar unsuccessfully tested again the 1.1170 resistance. The frustrated bulls had left the market resulting in strong short sales of the currency pair. During the day the major Forex currency pair had lost more than one figure and went to the negative zone on the H4- timeframe. Tenkan-Sen and Kijun-Sen narrowed the channel and the gold cross will be canceled so soon. Therefore in the near future we expect the continuation of the downtrend.

 

Technical levels: support - 1.1040; resistance - 1.1070/80, 1.1100.

 

Trade recommendations:

 

1. Sell — 1.1070; SL — 1.1090; TP1 — 1.1000; TP2 — 1.0950.

 

01-eurusdh4.png

 

More:

https://new.fxbazooka.com/analytics/9496

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USD/JPY: the bears are coming

7/6/2016

 

As we expected, rebound from the bottom of the four-hour Ichimoku’s cloud has led to a resumption of the downtrend on USD/JPY market. During the past days the currency pair has updated 2-week lows dropping to 100.60. It’s a strong supporting area.

 

There is a bearish picture on the four-hour timeframe: a dead cross and negative cloud are tuned up for the sales. At the same time the market is very oversold right now. There may be correctional movements.

 

Technical levels: support – 100.60, 99.60; resistance – 102.40.

 

Trade recommendations:

 

1. Sell — 101.40; SL — 101.60; TP1 — 100.60; TP2 — 99.60.

 

03-usdjpyh4.png

 

More:

https://new.fxbazooka.com/analytics/9497

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AUD/USD: correction to the cloud

7/6/2016

 

Touching the resistance 0.7540, the currency pair AUD/ USD started correction to the Tenkan and Kijun. But the lines could not support the short-term bearish market and it is fell to the Ichimoku cloud.

 

Tenkan-Sen and Kijun-sen are cancelled the golden cross effect threatens to change the short-term trend. At the same time the cloud has kept a bullish mood. We expect in the near future the consolidation in the range of 0.7410-0.7470.

 

Technical levels: support – 0.7410; resistance – 0.7470.

 

Trade recommendations:

 

1. Sell — 0.7460; SL — 0.7480; TP1 — 0.7410; TP2 — 0.7380.

 

04-audusdh4.png

 

More:

https://new.fxbazooka.com/analytics/9498

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EUR/USD: unstoppable bears broken the "Triangle"

7/6/2016

 

6-7-2016-EUR-H4.png

 

The last consolidation under the 34 Moving Average has been finally ended by the current bearish leap forward. The price faced a support at 1.1032 afterwards, so the market is likely going to reach a resistance area between the levels 1.1057 – 1.1097 in the short term. If we see a pullback from here afterwards, bears will probably try to achieve a support at 1.0970 – 1.0939.

 

6-7-2016-EUR-H1.png

 

As we can see on the one-hour chart, the “Triangle’s” lower side has been broken, which led to form a “V-Bottom” afterwards. Therefore, the pair is likely going to get a resistance on the Moving Average lines. However, bears are still in the game, so we should keep in mind a support at 1.0970 – 1.0939 as a possible next intraday target.

 

More:

https://new.fxbazooka.com/analytics/9499

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