riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 EUR/GBP ahead BoE's interest rate decision post-Brexit 7/14/2016 Today will be a decisive day for current interest rates from the Bank of England, as Mark Carney hinted a few weeks ago about a possible rate cut scenario. This event is important by itself as its the first interest decision to be made by UK central bank after Brexit's referendum. Analysts expect a possible cut from 0.50% to 0.25%. By the way, during yesterday's session, Theresa May formally was named as new UK Prime Minister, after David Cameron's resignation. The technical scenario for EUR/GBP at H1 chart, ahead the BoE's interest rate decision, is showing two interesting paths: one is calling for a continuation towards the 0.8503 level, which is above the 200 SMA and that can happen if BoE's officials decide to cut rates. The reaction may be strongly higher if the summary from monetary policy is dovish. The other path is giving a chance for a strengthening of GBP against EUR, so the pair can pullback at current stage to test the support zone of 0.8302 (near to yesterday's lows). More: https://new.fxbazooka.com/analytics/9588 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 EUR/USD is preparing for a break 7/14/2016 EUR/USD is consolidating on the daily chart. MACD is close to the zero line, EMA9 crossed EMA26, ADX<25. For now the bears are leading (–DMA>+DMI), so be ready to sellon the break of the trade channel. On H1 EUR/USD the pair has spent most of July in the 1.1019/1.1123 range. Consolidation is confirmed by ADX (<25). Break of the uppoer border will be a reason to buy, successful test of the lower border will provide ground for selling. Recommendation: BUY 1,1123 SL 1,1053 TP1 1,1223 TP2 1,1273; SELL 1,1019, SL 1,1089 TP1 1,0919 TP2 1,0869. EUR More: https://new.fxbazooka.com/analytics/9589 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 NZD/USD: kiwi loosened the grip 7/14/2016 On the daily NZD/USD chart there's correction within an uptrend. MACD is showing mixed dynamics, EMA9 is partly crossing EMA26. The bulls retain control with ADX (>25) and +DMI above –DMA. In such situation prepare to trade on the resumption of the current trend. On H1 Stochastics shows oversold condition. When the crab parrern reaches 161.8%, it will be a buy signal. Recommendation: BUY 0,715 SL 0,708 TP1 0,725 TP2 0,732 More: https://new.fxbazooka.com/analytics/9590 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 EUR/USD: "V-Bottom" led to the local upward movement 7/14/2016 The price faced a resistance at 1.1125 during the current flat. So, the market is likely going to decline towards the nearest support at 1.1097 – 1.1057. If we see a pullback from this area, bulls will probably try to reach the 89 Moving Average line. We’ve got a flat between the 89 Moving Average and the nearest resistance at 1.1120. Therefore, bears are likely going to achieve an area between the 55 Moving Average and the level at 1.1066 in the short term. However, if a pullback from here happens afterwards, there’ll be an opportunity to see the price on a resistance area at 1.1125 – 1.1145. More: https://new.fxbazooka.com/analytics/9591 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 GBP/USD: "Triple Top" stopped bulls 7/14/2016 The pair found a resistance on the 34 & 55 Moving Averages, which led to form a “V-Top” pattern, so the price finally reached a support at 1.3116. Therefore, the market is likely going to achieve the next support at 1.3015, which is near the main downtrend line. If we see a pullback from here, so we should keep an eye on the important resistance at 1.3471 – 1.3614, because bulls will probably try to close the previously formed “Breakaway Gap”. The price was declining right after a “Triple Top” arrived at the last high. However, bears found a support on the 55 Moving Average, so we’ve got a “V-Bottom” pattern here, which led to the local upward movement. Under this circumstances, sellers are likely going to test a support at 1.3045 – 1.3015 in the short term, but if a pullback from this area happens later on, there’ll be a chance to see a bullish correction in the direction of a resistance at 1.3226 – 1.3356. More: [url=https://new.fxbazooka.com/analytics/9592]https://new.fxbazooka.com/analytics/9592[/img] Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 EUR/USD: the Euro continues its consolidation 7/14/2016 During yesterday's session the Eurodollar has stayed above the support of 1.1060 which is formed by the Kijun-sen line. Its forced the prices to return to the lower bound of Ichimoku cloud. Today's trading takes place within the cloud, but we see the narrowing of the Tenkan-Kijun channel. This mean declining of buyers interest. Therefore we still expect a resumption of the downtrend. Technical levels: support - 1.1060; resistance – 1.1110. Trade recommendations: 1. Sell — 1.1100; SL — 1.1120; TP1 — 1.1000; TP2 — 1.0950. More: https://new.fxbazooka.com/analytics/9593 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 AUD/USD: the Aussie gains a strength{/B] 7/14/2016 The Australian dollar stayed above the Tenkan-Sen on the H4-timeframe. Against the positive mood of the Ichimoku indicator (there is a bullish cloud and a golden cross), the bulls failed the uptrend resuming. The main reason for that - the market is overbought. Therefore today's trading is likely to be held inside the Tenkan-Kijun channel. There is a high possibility of decreasing the prices up to the level of the Kijun-sen line. Technical levels: support – 0.7590, 0.7560; resistance – 0.7620. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7660; TP2 — 0.7690. More: https://new.fxbazooka.com/analytics/9594 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 USD/JPY: going to the new highs 7/14/2016 Yesterday's trading was a rather calm, in the consolidation to the Tenkan-Sen line. The currency pair has closely approached to the 103.90 support (which we mentioned yesterday) and has started growing again. Ichimoku Cloud changed its character and now the situation on the market is fully bullish. But the Bulls can stopped by the 106th figure – there formed a powerful resistance. Technical levels: support – 105.00; resistance – 106.00, 106.50. Trade recommendations: 1. Buy — 105.00; SL — 105.00; TP1 — 106.00; TP2 — 106.50. More: https://new.fxbazooka.com/analytics/9595 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 NZD/CAD reversed from resistance level 0.9530 7/14/2016 NZD/CAD reversed from resistance level 0.9530 Next sell target – 0.9200 NZD/CAD continues to fall after the price earlier revered down sharply from the major long-term resistance level 0.9530, which earlier stopped the sharp primary impulse wave ① at the end of December, as can be seen from the daily NZD/CAD chart below. The downward reversal from this resistance level stopped the earlier intermediate impulse wave (3) from March. Given the strength of the resistance level 0.9530 and the overbought reading on the daily Stochastic indicator - NZD/CAD can be expected to correct down further to the next sell target at the support level 0.9200 (intersecting with the 38.2% Fibonacci correction of the previous upward impulse from April). More: https://new.fxbazooka.com/analytics/9604 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 14, 2016 Report Share Posted July 14, 2016 (edited) [b[uSD/CAD reversed from resistance zone[/b] 7/14/2016 USD/CAD reversed from resistance zone Next sell target - 1.2830 USD/CAD continues to fall inside the minor impulse wave 3 – which started earlier - when the pair reversed down from the resistance zone lying between the pivotal resistance level 1.3120 (which has been reversing the price from the middle of May), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from February. USD/CAD is likely to fall further to the next sell target at the support level 1.2830 (which stopped the previous minor (b)-wave at the start of July, as can be seen below). More: https://new.fxbazooka.com/analytics/9605 Edited July 14, 2016 by riki143 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 EUR/USD before US CPI & Retail Sales: Can we see a weak greenback? 7/15/2016 Today at 09:00 GMT will be released the Eurozone's final CPI (y/y), which hopes to remain unchanged at 0.1%. However, at 12:30 GMT will be posted significant figures that could affect USD pairs, especially the EUR/USD, as the US CPI (0.2% vs. 0.2%) and retail sales figures (0.1% vs. 0.5%) can provide a better outlook on near-term national's economy. Retail sales can have a decline from 0.5% to 0.1%, and that could send the US Dollar to test new weekly lows. The technical picture in EUR/USD at H1 chart is showing that a bullish trend line from June 8th low is playing as dynamic support, while the pair is consolidating above the 200 SMA. A better-than-expected US data could trigger the bears in EUR/USD, sending it below the 1.1050 price zone. However, the pair can test the resistance level of 1.1153 in coming hours. More: https://new.fxbazooka.com/analytics/9613 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 EUR/USD: "V-Top" stopped bulls for a while 7/15/2016 The pair has been moving up and down in the flat’s range. Currently, bulls faced a resistance at 1.1168, which was strengthened by the 89 Moving Average. So, the market is likely going to decline towards a support at 1.1145 – 1.1032. If a pullback from this area happens afterwards, there’ll be an opportunity to see an upward movement in the direction of the nearest resistance at 1.1168 – 1.1188. The price found a resistance at 1.1168, which led to form a “V-Top” pattern, so we’ve got a local consolidation in progress. Therefore, bears are likely going to get a support on the 55 Moving Average. However, if we see a pullback from this line, bulls will probably try to catch a resistance at 1.1168. More: https://new.fxbazooka.com/analytics/9617 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 GBP/USD: bulls having a rest 7/15/2016 The 55 Moving Average acted as a resistance twice. So, the price is likely going to decline towards a support at 1.3336 – 1.3226 in the short term. If a pullback from this area happens later on, there’ll be a chance to have a local bullish movement. The price faced a resistance at 1.3495, which brought a local “V-Top” pattern, so the price started to decline. Therefore, it’s likely that bears are going to get a support at 1.3356 – 1.3285. However, if a pullback from here arrives afterwards, buyers will probably try to achieve a resistance at 1.3471 – 1.3614. More: https://new.fxbazooka.com/analytics/9618 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 EUR/USD: the Euro keeps inside the cloud 7/15/2016 During yesterday's session Eurodollar has stayed within the four-hour Ichimoku cloud. The Bulls are quickly tested the strength of the upper bound of cloud and Senkou Span B had a strong resistance. Therefore the further trades were over the line Tenkan-Sen. Note that the short-term trend have a bullish direction – there is a gold cross effect. The Bulls may once again make an attempt to break through the clouds upper boud. Technical levels: support - 1.1110; resistance – 1.1170. Trade recommendations: 1. Sell — 1.1170; SL — 1.1190; TP1 — 1.1050; TP2 — 1.1000. More: https://new.fxbazooka.com/analytics/9619 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 AUD/USD: the Aussie tunes to throw 7/15/2016 The Australian dollar have stayed above the Tenkan-Sen on the H4-timeframe. Against the positive mood of the Ichimoku indicator (there is a bullish cloud and a golden cross), the bulls failed the uptrend resuming. The main reason for that, as we said earlier, - the market is overbought. There is a high probability of decreasing the prices up to the level of the Kijun-sen line. Technical levels: support – 0.7620, 0.7590; resistance – 0.7690. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7660; TP2 — 0.7690. More: https://new.fxbazooka.com/analytics/9620 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 USD/JPY: the power of bulls 7/15/2016 On the daily USD/JPY chart the trend changed from bearish to bullish (EMA9 crossed EMA26, +DMI crossed and settled above –DMI) and there's currently a sustainable bullish trend (MACD is rising). In a situation like this the best strategy will be to buy on pullbacks down. On H1 the signal will be Stochastics going to the oversold area with the following return to 20-80 channel. This should happen close to support at 105.75. Recommendation: BUY 105,75 SL 105 TP1 106,75 TP2 107,25. JPY More: https://new.fxbazooka.com/analytics/9614 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 AUD/USD keeps rising 7/15/2016 AUD/USD is having a bullish trend on the daily chart. EMA9 is above EMA26, while +DMI is higher than –DMI, MACD is rising, and further growth will make ADX come from the area below 25. In such situations buy on the pullbacks down. On H1 Stochastics going to the oversold area and then returning to 20-80 zone will be a signal to form long positions. We assume that it will be in 0.7611. Recommendation: BUY 0,7611 SL 0,7561 TP1 0,7711 TP2 0,7761 AUD More: https://new.fxbazooka.com/analytics/9615 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 USD/JPY: the correction of prices to be expected 7/15/2016 As we expected, yesterday's trades keeps in a strictly bullish mode. The market has updated a 3W-high, growing up to 106th figure. The Bulls are supported by gold cross and the positive character of the cloud. By the evening the prices has corrected to the Tenkan-sen, but the bullish mood does not leave the traders. And note – there is the strong overbought market. Therefore pay attention to the level of 106.40, which may start deeper correction. Technical levels: support – 105.10; resistance – 106.00, 106.40. Trade recommendations: 1. Sell — 106.40; SL — 106.60; TP1 — 105.10; TP2 — 104.10. More: https://new.fxbazooka.com/analytics/9621 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 EUR/USD: "Window" acting as a resistan 7/15/2016 The price has been rising inside the “Window” and reached its upper side. Because of we haven’t got any reversal pattern so far, bulls are likely going to get a resistance on the 89 Moving Average in the short term. As we can see on the Daily chart, there’s a “High Wave” at the local low, which has been confirmed. Moreover, there’s a possible “Three White Soldiers” pattern, which hasn’t been finished yet. On the other hand, the nearest resistance line could bring a bearish pattern. If so, a downward movement becomes possible. Bulls found a lodgement above the 144 Moving Average. However, there’s a bearish “Shooting Star”, but it hasn’t been confirmed yet. Therefore, the price is likely going to test nearest support line during the day. If we see a pullback from this line, buyers will probably try to deliver a new high shortly. More: https://new.fxbazooka.com/analytics/9622 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 USD/JPY: "Shooting Star" points to a possible bearish correction 7/15/2016 We’ve got a “Tweezers” and a “Harami”, which both have been already confirmed. Therefore, the market is likely going to get a support on the 13 Moving Average. If a pullback from this line happens afterwards, there’ll be an opportunity to see another bullish rally. More: https://new.fxbazooka.com/analytics/9623 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 AUD/USD reached buy target 0.7600 7/15/2016 AUD/USD reached buy target 0.7600 Next buy target – 0.7800 AUD/USD has been rising in the last few trading sessions – in line with our earlier forecast for this currency pair. The price today broke above the resistance level 0.7600, which was set as the buy target in our previous forecast for AUD/USD. The breakout of the resistance level 0.7600 is likely to further accelerate the active minor impulse wave 3, which belongs to the sharp intermediate ©-wave from May. AUD/USD is expected to rise further to the next buy target at the pivotal resistance level 0.7800 (which reversed the earlier wave (A) and which is the forecast price for the completion of the active impulse 3). More: https://new.fxbazooka.com/analytics/9624 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 15, 2016 Report Share Posted July 15, 2016 USD/JPY rising inside minor C-wave 7/15/2016 USD/JPY rising inside minor C-wave Next buy target - 108.00 USD/JPY continues to rise inside the minor C-wave, which belongs to the intermediate ABC correction (2) from the end of June. The active C-wave earlier broke through the resistance levels 103.25 (top of the previous A-wave) and 105.500 (former major support from May, which stopped the previous impulse wave ①, acting as resistance after it was broken recently). The breakout of these resistance levels intensified the bullish pressure on this currency pair. USD/JPY is likely to rise further to the next buy target at the resistance level 108.00 (target price for the completion of the active ABC correction (2), intersecting with the resistance trendline of the daily down channel from January). More: https://new.fxbazooka.com/analytics/9625 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 18, 2016 Report Share Posted July 18, 2016 US dollar: outlook for July 18-24 7/18/2016 The past week was mixed for the US dollar. The currency weakened versus the British pound, and commodity currencies, but strengthened against Japanese yen. There were many positive data releases in the United States: producer prices, unemployment claims, retail sales, industrial production. The figures confirmed that the US economy isn’t in bad shape. However, traders still don’t expect the Federal Reserve to raise interest rates neither in July, nor later this year and it’s limiting US dollar bulls. All in all, Forex majors were driven mostly not by the American news, but by the expectations about the potential actions of other central banks. We expect this trend to continue the next week, especially as the US economic calendar will be rather lite: pay attention to building permits and housing starts on Tuesday, as well as Philadelphia Fed manufacturing index, unemployment claims and existing home sales on Thursday. The market’s risk sentiment is an important factor for the greenback: with S&P index at the record highs the currency stayed under pressure. If stocks correct to the downside, US dollar will get a chance to recover. All in all, US dollar index keeps consolidating between 96.80 and 95.50, where it has spent already almost a month. The break of this range will shape the next big move, although we don’t see such drivers next week. More: https://new.fxbazooka.com/analytics/9626 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 18, 2016 Report Share Posted July 18, 2016 GBP/USD: outlook for July 18-24 7/18/2016 British pound strengthened by more than 3% during the past week. Sterling recovered because of 2 main reasons: return of political stability to the UK and the Bank of England’s decision not to ease monetary policy in July. Theresa May replaced David Cameron as Britain’s Prime Minister. Although May was a supporter of the UK staying in the European Union, she underlined that “Brexit means Brexit” and the country will leave the EU. Still, it looks like the leaving will be a long process. British central bank didn’t cut the benchmark interest on Thursday, although such move was already priced in GBP/USD. As a result, traders started closing massive GBP shorts pushing the currency higher. Only one member of the central bank voted for a rate cut. Governor Carney decided to wait for the post0referendum economic data, but gave a strong signal of easing next month. Next week we may see more covering of GBP short positions, which should provide support for the pound. Note, though, that there are serious resistance levels lying ahead: 1.3500 and 1.3830. Taking into account the fact that more monetary stimulus will almost certainly come from the Bank of England in 3 weeks at the August meeting, investors will likely use the pound’s recovery to enter in new short positions. Support is at 1.3120 and 1.3000. In British economic calendar next week pay attention to inflation figures on Tuesday, labor market data on Wednesday and retail sales and public sector net borrowing on Thursday. Only very week figures could drive sterling significantly lower. More: https://new.fxbazooka.com/analytics/9627 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
riki143 Posted July 18, 2016 Report Share Posted July 18, 2016 EUR/USD: outlook for July 18-24 7/18/2016 During the past week EUR/USD remained within range of the 2 previous weeks. The pair got strength from higher EUR/GBP and EUR/JPY, but terror attack in Nice on Thursday together with good US statistics didn’t let the bulls to develop the move to the upside. Euro area’s inflation figures were in line with forecasts. Headline CPI posted only the second gain in 2016 and the figures are still far below the European Central Bank’s target. Traders will look forward to more policy easing from the ECB that will meet on Thursday. However, the expectations declined after the Bank of England decided to keep policy unchanged during the past week. In addition, as the ECB’s policy is already very accommodative, new steps tend to have less and less impact on EUR/USD. So, any short positions should have conservative targets. Other important events in the euro area’s economic calendar include Germany’s and region’s ZEW economic sentiment index on Tuesday and European flash manufacturing & services PMIs on Friday. On the daily chart 50-day MA went below 100-day MA providing bearish signal. Resistance lies at 1.1160 and 1.1260. Support is at 1.1000 and 1.0920. More: https://new.fxbazooka.com/analytics/9628 Quote http://www.99fortuneforex.tk/ Link to comment Share on other sites More sharing options...
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