Jump to content

Market analysis and trade recommendations by FBS


Anna FBS

Recommended Posts

GBP/USD: two "Pennants" in a row

8/9/2016

 

9-8-2016-GBP-H4.png

 

There’s a consolidation along a support at 1.3015. So, the price is likely going to reach a resistance at 1.3119 in the short term. Considering a possible pullback from this resistance, we should keep an eye on the next support at 1.2849 – 1.2795 as a bearish target.

 

9-8-2016-GBP-H1.png

 

The price faced a support at 1.2945, so we’ve got a “V-Bottom” pattern here, which led to the current flat. Therefore, bulls are likely going to reach a resistance at 1.3056 – 1.3071 shortly. At the same time, bears are strong enough to catch a support at 1.2945 – 1.2848 afterwards.

 

More:

https://new.fxbazooka.com/analytics/9985

 

More:

https://new.fxbazooka.com/analytics/9985

Link to comment
Share on other sites

  • Replies 2.5k
  • Created
  • Last Reply

Top Posters In This Topic

EUR/USD: wave [iii] is about to be continued

8/9/2016

 

Image20160809105631001.png

 

The price has been declining since a pullback from 4/8 Murrey Math Level (P=200) happened, so we’ve got a downward impulse in wave . Also, the pair found a lodgement, which makes possible to have an extension in wave [iii]. Under this circumstances, the intraday target is -2/8 Murrey Math Level.

 

Image20160809105631002.png

 

As we can see on the one-hour chart, wave (ii) has been formed under 4/8 Murrey Math Level. Therefore, bears are likely going to deliver wave (iii) in the short term. However, if bulls break 4/8 Murrey Math Level, there’ll be an opportunity to have another wave count with bigger wave 4.

 

More:

https://new.fxbazooka.com/analytics/9986

Link to comment
Share on other sites

EUR/USD: strong support by "Window"

8/9/2016

 

0908eurusdh4.png

 

There’s a strong support by the nearest “Window”, so we’ve got a “Hammer” and an “Engulfing”, but both patterns haven’t been confirmed yet. Therefore, bulls are likely going to deliver an upward correction in the short term. As we can see on the Daily chart, here’s an unconfirmed “High Wave” at the local low. In this case, there’s an opportunity to have a correction towards the middle of the last black candles.

 

0908eurusdh1.png

 

We’ve got a consolidation, which brought a new support level. Also, there’re a “Harami” and a “Hammer”, so the market is likely going to rise in the direction of the nearest resistance line.

 

More:

https://new.fxbazooka.com/analytics/9987

Link to comment
Share on other sites

USD/JPY: "Window" could act as a support

8/9/2016

 

0908usdjpyH4.png

 

There’s an “Engulfing” at the local high. Also, the last “Window” is still open, so the price is likely going to get a support on this “Window”. As we can see on the Daily chart, there’s a “Harami”, which has been confirmed enough. Therefore, bulls are probably going to deliver an upward correction.

 

0908usdjpyH1.png

 

The pair has been declining since a “Gravestone Doji” was formed at the last high. So, the market is likely going to test the nearest Moving Averages. If we see a pullback from these lines, there’ll be an opportunity to have another bullish rally.

 

More:

https://new.fxbazooka.com/analytics/9988

Link to comment
Share on other sites

GBP/CAD reversed from resistance zone

8/9/2016

 

GBP/CAD reversed from resistance zone

Next sell target - 1.6750

GBP/CAD recently reversed down sharply from the resistance zone lying between the resistance level 1.7550, upper daily Bollinger Band and the 38.2% Fibonacci correction level of the previous sharp intermediate downward impulse (3) from June. The downward reversal from this resistance zone started the active intermediate impulse wave (5), which belongs to the primary impulse ③ from May.

 

GBP/CAD is expected to fall further toward the next sell target at the strong support level 1.6750 (which stopped the aforementioned impulse wave (3) in July).

 

GBPCAD_-_Primary_Analysis_-_Aug-09_1457_PM_(1_day).png

 

More:

https://new.fxbazooka.com/analytics/9989

Link to comment
Share on other sites

EUR/GBP rising inside minor impulse wave 5[/url]

8/9/2016

 

EUR/GBP rising inside minor impulse wave 5

Next buy target - 0.8620

EUR/GBP continues to rise inside the minor impulse wave 5 - which started earlier – when the pair reversed up from the support zone lying between the support level 0.8300 and the 38.2% Fibonacci retracement of the previous sharp upward impulse 3 from the end of June. The active impulse wave 5 belongs to the intermediate impulse wave (3) from the end of May.

 

EUR/GBP is expected to rise further in the active impulse waves 5 and (3) toward the next buy target at the pivotal resistance level 0.8620 (which stopped the previous minor impulse wave 3 in June, as can be seen below).

 

EURGBP_-_Primary_Analysis_-_Aug-09_1451_PM_(1_day).png

 

More:

https://new.fxbazooka.com/analytics/9990

Link to comment
Share on other sites

NZD/USD & RBNZ Interest Rate Decision: Consolidating below 0.7050 after the event?

8/10/2016

 

Today at 21:00 GMT will be released the RBNZ rate statement, together with the official interest rate decision that could see a cut from 2.25% to 2.00%. Markets are expecting that rate cut and that's why we've have been seeing very volatile moves on the Kiwi, as the uncertainty remains there. Also, traders will be closely watching for the monetary policy statement, due to be published at the same time.

 

The technical picture for NZD/USD at H4 chart is bullish on a general overview, as the pair remains trading above the 200 SMA. However, last week was quite bearish for the Kiwi and later it found support around the 0.7108 level. Also, during the last week, NZD/USD found resistance around the 78.6% retracement level, where a pullback happened. As the markets are expecting a rate cut, a decline to the 0.7050 level can happen, while a “hawkish” statement by RBNZ could send the pair to test the highs from last week.

 

NZDUSDH4(8).png

 

More:

https://new.fxbazooka.com/analytics/9993

Link to comment
Share on other sites

GBP/USD makes a "dead cat bounce"

8/10/2016

 

On the daily GBP/USD chart the bulls make a lot of efforts to return the pair to the borders of the medium-term consolidation range of 1.3070-1.3490. Failure at its upper border will give the lead back to the bears and increase the risks of decline to 1.29 and lower.

 

Screenshot_2016_08_10_08_12_07.png

 

On H1 GBP/USD made an inversed "Shark" pattern. This will help the pair reach 113% target (1.311), although many will want to sell the pound at 38.2% (1.3115), 50% (1.3165) and 78.6% (1.3280) Fibonacci of the last descending wave. Traders should think about selling at the mentioned levels.

 

Screenshot_2016_08_10_08_12_25.png

 

More:

https://new.fxbazooka.com/analytics/9994

Link to comment
Share on other sites

XAU/USD: gold resumed trend

8/10/2016

 

On the daily XAU/USD chart there was unsuccessful test of the lower border of the medium-term uptrend channel painted in red. It points at the weakness of the bears. If the bulls manage to overcome resistance at $1365-1370 an ounce, the way to 1410 will remain open.

 

Screenshot_2016_08_10_07_59_06.png

 

On H1 XAU/USD the bulls managed to overcome resistance at $1350, which is now acting as support. The main goal of the bulls – to hold above this level. Success will increase the risks of testing $1360 an ounce and reach the $1364-1367 convergence area. Failure, on the other hand will lead to a decline to $1330-1340.

 

Screenshot_2016_08_10_07_58_41.png

 

More:

https://new.fxbazooka.com/analytics/9995

Link to comment
Share on other sites

Key option levels for Wednesday, August 10th

8/10/2016

 

EUR/USD

 

EURUSD(11).png

 

 

Main trend Short-term period Medium-term period

Bearish Bearish

Changes in the open interest - 45 158 ? + 360 883 ?

Closest resistance levels 1.1158; 1.1186; 1.1206; 1.1230

Closest support levels 1.1115; 1.1096; 1.1067; 1.1046

Trading recommendations

Baseline scenario Short EUR/USD below 1.1115, with target points at 1.1096 and 1.1067

Alternative scenario Moving above 1.1158 can be considered as a signal to buy the pair, with target at 1.1186 and 1.1206

 

 

GBP/USD

 

GBPUSD(9).png

 

 

Main trend Short-term period Medium-term period

Neutral Bearish

Changes in the open interest + 2 468 ? + 3 030 ?

Closest resistance levels 1.3100; 1.3140; 1.3165; 1.3194

Closest support levels 1.2986; 1.2962/49; 1.2915; 1.2869

Trading recommendations

Baseline scenario Sell GBP/USD below 1.2986, with target points at 1.2962 and 1.2915

Alternative scenario Moving above 1.3100 can be considered as a signal to buy the pair, with target at 1.3140 and 1.3165

 

 

USD/JPY

 

USDJPY(10).png

 

 

Main trend Short-term period Medium-term period

Bullish Neutral

Changes in the open interest + 1 212 ? + 23 ?

Closest resistance levels 102.76; 103.01; 103.31; 103.65

Closest support levels 101.02; 100.79; 100.51;100.20

Trading recommendations

Baseline scenario Long USD/JPY above 102.76, with the target points at 103.01 and 103.31

Alternative scenario Moving below 101.02 can be considered as a signal to sell the pair, with target at 100.79 and 100.51

 

 

USD/CAD

 

USDCAD(10).png

 

 

Main trend Short-term period Medium-term period

Neutral Bullish

Changes in the open interest + 1 744 ? + 103 ?

Closest resistance levels 1.3158(72?); 1.3194; 1.3228; 1.3271

Closest support levels 1.3055; 1.3023; 1.2980; 1.2928

Trading recommendations

Baseline scenario Buy USD/CAD above 1.3158, with the target points at 1.3194 and 1.3228

Alternative scenario Moving below 1.3055 can be considered as a signal to sell the pair, with target at 1.3023 and 1.2980

 

MORE:

https://new.fxbazooka.com/analytics/9997

Link to comment
Share on other sites

EUR/USD: "Pennant" led to new local high

8/10/2016

 

10-8-2016-EUR-H4.png

 

There was a consolidation under the Moving Averages, which has been ended by the last bullish rally, so the price faced a resistance at 1.1145. Therefore, the pair is likely going to reach a support on the 89 Moving Average in the short term. However, if we see a pullback from this line, there’ll be an opportunity for another upward movement.

 

10-8-2016-EUR-H1.png

 

The last “Flag” pattern has done such a great job, so we’ve got a new local high here. Finally, bulls found a resistance at 1.1166, which led to the current local flat. So, the market is likely going to get a support at 1.1145 – 1.1120 during the day. Considering a possible pullback from this area, bulls will probably try to catch a resistance at 1.1166 – 1.1186 afterwards.

 

More:

https://new.fxbazooka.com/analytics/9996

Link to comment
Share on other sites

GBP/USD: "V-Bottom" set up bullish correction

8/10/2016

 

10-8-2016-GBP-H4.png

 

There’s a “V-Bottom” pattern, which led to the last bullish price movement. However, the pair faced a resistance at 1.3119, so the market is likely going to get a support at 1.3015 shortly. If we see a pullback from this level, buyers will probably try to catch the next resistance at 1.3226.

 

10-8-2016-GBP-H1.png

 

We’ve got a “Triple Bottom”, so the price achieved the 55 Moving Average, which acted as a resistance. Therefore, the market is likely going to decline towards a support at 1.3017. Nevertheless, if a pullback from this level happens, bulls will probably try to deliver a new local high.

 

More:

https://new.fxbazooka.com/analytics/9999

Link to comment
Share on other sites

USD/JPY: the Dollar has weakened against Japanese yen

8/10/2016

 

Technical levels: support – 101.20; resistance – 101.70.

 

Trade recommendations:

 

1. Sell — 101.70; SL — 101.90; TP1 — 101.20; TP2 — 100.60.

 

Reason: cancelled golden cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud; strong resistance formed by Senkou Span A.

 

04-usdjpyh4(7).png

 

More:

https://new.fxbazooka.com/analytics/10000

Link to comment
Share on other sites

EUR/USD: possible "Triangle" in wave 4 taking place

8/10/2016

 

Image20160810104819001.png

 

The price is rising, so wave 4 is likely going to be continued in a form of a “Horizontal Triangle”. Therefore, there’s an opportunity to see a consolidation between 7/8 and 6/8 Murrey Math Levels (P=200) in the short term.

 

Image20160810104819002.png

 

As we can see on the one-hour chart, there’s a possible zigzag in progress in wave [c]. Considering a pullback from 2/8 Murrey Math Level, the next target is 6/8 Murrey Math Level. If a pullback from this level happens, bears will probably try to deliver wave [d] of 4.

 

More:

https://new.fxbazooka.com/analytics/10005

Link to comment
Share on other sites

EUR/USD: long shadow points to coming local correction

8/10/2016

 

1008eurusdh4.png

 

The price has been rising since a pullback from the lower “Window” happened. So, we’ve got series of bullish patterns such a “Hammer”, an “Engulfing” and a “Three White Soldiers”. The last candles are bullish and there isn’t any reversal pattern so far, which makes possible an achievement the nearest resistance line. As we can see on the Daily chart, here’s a “High Wave” at the local low, which has been confirmed enough. However, there’s an opportunity to have a local correction towards the middle of the last huge white candle.

 

1008eurusdh1.png

 

Bears haven’t broken the lower “Window”, so bulls are in the game again. Considering a long shadow of the last white candle, the market is likely going to have a local correction during the day. At the same time, if any bullish pattern arrives later on, buyers will probably try to deliver a new intraday high shortly.

 

More:

https://new.fxbazooka.com/analytics/10008

Link to comment
Share on other sites

USD/CAD reversed from resistance zone

8/10/2016

 

USD/CAD reversed from resistance zone

Next sell targets - 1.3000 and 1.2800

USD/CAD recently reversed down from the resistance zone (which has been steadily reversing this currency pair from the end of May) lying between the resistance levels 1.3120, 1.3230, upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from February. The downward reversal from this resistance zone started the active minor impulse wave (iii) – which belongs to wave 1 of the intermediate impulse wave (3) from July.

 

USD/CAD is set to fall further to the next sell target at the support level 1.3000 – the breakout of which can lead to further losses toward 1.2800.

 

USDCAD_-_Primary_Analysis_-_Aug-10_1347_PM_(1_day).png

 

More:

https://new.fxbazooka.com/analytics/10009

Link to comment
Share on other sites

USD/JPY & U.S. Retail Sales: What will happen with the greenback?

8/12/2016

 

Today at 12:30 GMT we'll know the US retail sales numbers for July, where the markets are expecting a decrease from 0.6% to 0.4%, and the latest release suggested that the consumer force is a key factor for the economic growth during the second semester of the year in the United States. Bear in mind that the sales had a very poor start of the 2016 year, so the further data, in a positive manner, would help to boost the greenback.

 

The technical picture for USD/JPY at H4 chart is telling us that a bearish consolidation is still looking to add more downside momentum in order to break the lows post-Brexit. The support zone of 100.41 remains very solid and as long as the pair trades above it, then we can witness a breakout above the 102.55 level, in order to extend the bullish momentum.

 

USDJPYH4(13).png

 

More:

https://new.fxbazooka.com/analytics/10033

Link to comment
Share on other sites

AUD/USD met Three Indians

8/12/2016

 

On the daily AUD/USD chart the pair formed "Three Indians" pattern. A pin bar appeared in the area of the third top, it's lower border is close to 78.6% Fibo of the last bullish wave. If the bears manage to hold the pair below 0.7688, risks of decline to 0.7570 will increase.

 

Screenshot_2016_08_12_07_49_08.png

 

On H1 AUD/USD chart sellers are trying to pull the pair below support at 0.7676. It corresponds to the lower border of the uptrend channel. Successful test will make the pair decline to 0.7717-0.7627 (88.6% target of the "Shark" pattern + 38.2% Fibo of the last descending wave) and 0.7587 (50%). The nearest resistance levels are at 0.7723 and 0.7750.

 

Screenshot_2016_08_12_07_49_28.png

 

More:

https://new.fxbazooka.com/analytics/10036

Link to comment
Share on other sites

USD/JPY: bouble bottom discouraged the bears

8/12/2016

 

On the daily USD/JPY chart the bulls keep aiming for resistance at 102.69. If the buyers manage to get here, risks of growth to 103.97 and 104.38 will increase. The latter corresponds to the upper border of an uptrend and 23.6% of the last long-term descending wave. On the contrary, if the pair renews August low, it will continue its way down to 98.

 

Screenshot_2016_08_12_07_56_19.png

 

On H1 USD/JPY formed a double bottom. If the pair leaves 100.83-102.9 range, bearish trend will likely continue or we'll see development of correction to 103.97-104.08 and 104.89-105.06. The latter corresponds to 88.6% of the Bat pattern.

 

Screenshot_2016_08_12_07_56_36.png

 

More:

https://new.fxbazooka.com/analytics/10037

Link to comment
Share on other sites

EUR/USD: "Triple Top" stand in the way of bulls

8/12/2016

 

12-8-2016-EUR-H4.png

 

There’s a “Triple Top” pattern, so the market is likely going to get a support at 1.1120 – 1.1113 in the short term. However, if a pullback from this area happens, there’ll an opportunity to have an upward price movement in the direction of the nearest resistance at 1.1186 – 1.1222.

 

12-8-2016-EUR-H1.png

 

As we can see on the one-hour chart, there’s a “Triple Top” as well, which led to the current local consolidation between the 34 & 89 Moving Averages. Therefore, the pair is likely going to decline towards a support at 1.1120 – 1.1113. If we see a pullback from these levels, bulls will probably try to catch a resistance at 1.1186 – 1.1196.

 

More:

https://new.fxbazooka.com/analytics/10038

Link to comment
Share on other sites

GBP/USD: "Pennant" highlight possibility to have a new low

8/12/2016

 

12-8-2016-GBP-H4.png

 

We’ve got a “Double Top” pattern, which has been confirmed enough, so the price reached a support at 1.2954. Also, bears have delivered a new low. Under this circumstances, sellers are likely going to move on, so we should keep an eye on the next support at 1.2877 – 1.2849 as a possible bearish target. At the same time, if a pullback from this area arrives, there’ll be a chance to see a local upward correction.

 

12-8-2016-GBP-H1.png

 

There’s a consolidation in progress, so we’ve got a possible “Pennant” pattern on the one-hour chart. Therefore, bears are likely going to achieve a support at 1.2906 – 1.2875 soon. Nevertheless, if sellers be stopped on this area, bulls will have an opportunity to reach a resistance at 1.3017 – 1.3056.

 

More:

https://new.fxbazooka.com/analytics/10039

Link to comment
Share on other sites

EUR/USD: wave [d] of 4 going to reach 3/8 MM Level

8/12/2016

 

Image20160812093854001.png

 

There’s a possible “Triangle” in wave 4 on the four-hour chart. Yesterday wave [c] was ended on 3/8 Murrey Math Level (P=250), so bears are likely going to deliver wave [d] shortly. The main intraday target is 2/8 MM Level.

 

Image20160812093854002.png

 

As we can see on the one-hour chart, the price has found a lodgement under 6/8 Murrey Math Level (P=200). Also, we’ve got wave [c], which was ended in a form of a zigzag. Therefore, the market is likely going to decline towards 3/8 MM Level during the day.

 

More:

https://new.fxbazooka.com/analytics/10040

Link to comment
Share on other sites

EUR/USD: euro supported by Kijun

8/12/2016

 

Technical levels: support – 1.1120/30, 1.1090; resistance – 1.1170, 1.1190.

 

Trade recommendations:

 

1. Buy — 1.1150; SL — 1.1130; TP1 — 1.1190; TP2 – 1.1230.

 

Reason: bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen.

 

01-eurusdh4(23).png

 

More;

https://new.fxbazooka.com/analytics/10041

Link to comment
Share on other sites

USD/JPY: the trades will continue inside a cloud

8/12/2016

 

Technical levels: support – 101.00, 101.50; resistance – 102.60.

 

Trade recommendations:

 

1. Sell — 102.60; SL — 102.80; TP1 — 101.50; TP2 — 101.00.

 

Reason: a dead cross of Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud.

 

04-usdjpyh4(9).png

 

More:

https://new.fxbazooka.com/analytics/10042

Link to comment
Share on other sites

Key option levels for Friday, August 12th

8/12/2016

 

EUR/USD

 

EURUSD(13).png

 

 

Main trend Short-term period Medium-term period

Bearish Bearish

Changes in the open interest + 13 229 ? + 45 219 ?

Closest resistance levels 1.1208; 1.1225; 1.1246; 1.1272

Closest support levels 1.1121; 1.1106; 1.1087; 1.1063

Trading recommendations

Baseline scenario Short EUR/USD below 1.1121, with target points at 1.1106 and 1.1087

Alternative scenario Moving above 1.1208 can be considered as a signal to buy the pair, with target at 1.1225 and 1.1246

 

 

GBP/USD

 

GBPUSD(11).png

 

 

Main trend Short-term period Medium-term period

Neutral Bearish

Changes in the open interest + 1 645 ? + 1 188 ?

Closest resistance levels 1.3055; 1.3096(74?); 1.3120; 1.3148

Closest support levels 1.2927; 1.2897; 1.2878; 1.2856

Trading recommendations

Baseline scenario Sell GBP/USD below 1.2927, with target points at 1.2897 and 1.2878

Alternative scenario Moving above 1.3055 can be considered as a signal to buy the pair, with target at 1.3096 and 1.3120

 

 

USD/JPY

 

USDJPY(12).png

 

 

Main trend Short-term period Medium-term period

Neutral Neutral

Changes in the open interest + 261 ? + 229 ?

Closest resistance levels 102.29/43; 102.59; 102.79; 103.03

Closest support levels 101.51; 101.25; 101.06; 100.83

Trading recommendations

Baseline scenario Short USD/JPY below 101.51, with target points at 101.25 and 101.06

Alternative scenario Moving above 102.29 can be considered as a signal to buy the pair, with target at 102.59 and 102.79

 

 

USD/CAD (Caution: Thin Market!)

 

USDCAD(12).png

 

 

Main trend Short-term period Medium-term period

Neutral Bullish

Changes in the open interest + 528 ? + 768 ?

Closest resistance levels 1.3026; 1.3057; 1.3098; 1.3151

Closest support levels 1.2932(15?); 1.2892; 1.2858; 1.2816

Trading recommendations

Baseline scenario Sell USD/CAD below 1.2932, with target points at 1.2892 and 1.2858

Alternative scenario Moving above 1.3026 can be considered as a signal to buy the pair, with target at 1.3057 and 1.3098

EUR JPY GBP CAD

 

More:

https://new.fxbazooka.com/analytics/10043

Link to comment
Share on other sites

Join the conversation

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

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

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

×   Your previous content has been restored.   Clear editor

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




×
×
  • Create New...