Market analysis and trade recommendations by FBS

[riki143]

Forex Analytics

EUR/USD: wave analysis for Jan. 26-30

Weekly. The pair keeps forming a global wave plane B, within which it builds strong downward impulse [C]. Consider the details of the impulse [C].

Daily. The pair is currently developing a powerful wave (5) of [C]. There are no signs of change or termination of the downtrend. Consider the wave (5) to determine the prospects of a possible movement of the pair this week.

H4. After having completed a small corrective wave 4, the pair declined in the new downward impulse 5. This week we expect the bearish movement to continue in this impulse.

More:
http://fxbazooka.com/en/analitycs/show/3345

 

[riki143]

Forex Analytics

AUD/USD: wave analysis for Jan. 26-30

Weekly. The pair keeps forming the global downward correction , which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z).

Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B.

H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave.

More:
http://fxbazooka.com/en/analitycs/show/3348

 

[riki143]

Forex Analytics

USD/JPY: wave analysis for Jan. 26-30

Weekly. The pair keeps forming a powerfulmulti-monthuptrend.At the moment,the pair is buildingthe final partof this trend –an impulse wave[V]. Considerits markup on smaller timeframes.

H12. After the completion of the horizontal triangle [IV], we saw a strong movement up. At the last section a new horizontal triangle is being formed, but it differs from the previous one by its size. After completion of this triangle, the pair will continue growing in the new bullish wave (V).

H4. As part of the triangle (IV) the pair’s building the upward zigzag D, after the end of which we’ll see the formation of a new descending wave E. The approximate trajectory of the upcoming motion is shown at the picture.

More:
http://fxbazooka.com/en/analitycs/show/3347

 

[riki143]

Forex Analytics

AUD/USD: wave analysis for Jan. 26-30

Weekly. The pair keeps forming the global downward correction , which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z).

Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B.

H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave.

More:
http://fxbazooka.com/en/analitycs/show/3348

 

[riki143]

Forex Analytics

Forex trading plan for Jan. 27

The opposition anti-austerity party Syriza has won Greek election. Syriza gets 149 seats in Parliament (out of 151 needed for majority) and has made an alliance with the Independent party to gain the majority needed to take over from New Democracy/Pasok. The market will be now looking for every piece of news about Greece’s negotiations with the creditors, but we don’t expect any fatal announcements in the coming sessions. This means that EUR/USD has room for correction/consolidation.

EUR/USD rose to 1.1260 on Monday closing the opening gap after falling to as low as 1.1097. Resistance is at 1.1305 and 1.1370. Support is at 1.1000.

GBP/USD is trading below the previous support at 1.5050 and is vulnerable for a decline to 2013 low in the 1.4813/00 area where it should find a good support. Watch the UK GDP data tomorrow at 09:30 GMT.

USD/JPY is fluctuating around 118.00. Support is located at 117.25, 116.90 and 115.85. On Tuesday the US will release several important pieces of data, and the forecasts are quite positive. A break above 118.90 will open the way to 120.00. The pair’s ability to rise above the 120 handle will depend on the outcome of the Fed’s meeting on Wednesday.

More:
http://fxbazooka.com/en/analitycs/show/3359

 

[riki143]

MARKET NEWS
Jan. 27: MARKET OVERVIEW

EUR/USD is holding above support at 1.1225 (23.6% of the decline after the ECB announced QE). The single currency is steady on Tuesday after having bounced off an 11-year low on Monday as investors decided to take profits on extremely bearish positions. In Greece the leftist Syriza has formed a government with the rightwing Independent Greeks party. Traders will be watching for more news from the country.

USD/JPY remains limited on the upside by the top of the Ichimoku Cloud in the 118.60/90 area. A member of Japan’s Council on Economic and Fiscal Policy said that the yen is very low and will appreciate.

The US Federal Reserve starts a 2-day policy meeting today, the results of which will be announced on Wednesday. The market players wonder if the Fed takes a more dovish stance after the central banks in the euro area, Canada and Switzerland eased their policy.

Watch for the following important events today:
http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/Jan%2027.jpg[img]

More:
[URL="http://fxbazooka.com/en/news/show/2189"]http://fxbazooka.com/en/news/show/2189[/URL]

 

[riki143]

MARKET NEWS

Key option levels
27 January 2015

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1300 (EUR 545m), 1.1400 (EUR 849m);

USD/JPY: 117.75 (USD 200m), 118.00 (USD 200m), 118.40 (USD 450m), 119.00 (USD 240m);

GBP/USD: 1.5175 (GBP200m);

AUD/USD: 0.8025 (AUD 398m);

NZD/USD: 0.7650 (NZDUSD 598m).

More:
http://fxbazooka.com/en/news/show/2190

 

[riki143]

Forex Analytics

Forex trading plan for Jan. 28

US dollar got hit on Tuesday by the disappointing durable goods data: the headline reading contracted by 3.4% vs. 0.6% gain expected, while the base figure was down by 0.8%. The release is important, because it’s a leading indicator of production: falling purchase orders signal that manufacturers will decrease activity.

As a result, the markets will expect the Federal Reserve to sound more cautious at the meeting tomorrow. The Fed will issue its statement at 18:00 GMT.

EUR/USD kept correcting up and reached 1.1370 (50% Fibo of the post-ECB decline). The correction may extend to the 1.1500 area (inverse Head & Shoulders target; resistance line since Dec. 2014). Support is at 1.1210/25, 1.1100 and 1.1050.

Pound apparently has good support in the psychological 1.5000 area. GBP/USD rose to 1.5200. Above this level the pair may rise to 1.5265 and 1.5370. Support is at 1.5050. There will be no news from Britain tomorrow.

USD/JPY is consolidating within a triangle. Support is in the 117.25/15 area. Resistance is in the 118.65/85 zone. A break of this range can bring the pair either to 119.50 and 120.00 or to 115.85. Note that as the pair still hasn’t managed to break above the daily Ichimoku Cloud – that’s a reason to fear that the bulls will lack power. Much will depend on the outcome of the Fed’s meeting.

Support for NZD/USD is at 0.7370 and 0.7325. Resistance is at 0.7515 and 0.7550. The Reserve Bank of New Zealand is expected to keep rates unchanged tomorrow and remove or diminish the tightening bias (20:00 GMT).

More:
http://fxbazooka.com/en/analitycs/show/3376

 

[riki143]

MARKET NEWS
Jan. 28: key option levels

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1150 (EUR 295m),1.1300 (EUR 513m), 1.1400/20 (EUR 560m);

USD/JPY: 117.00 (USD 200m), 118.50 (USD 628m);

AUD/USD: 0.7960 (AUD 381m), 0.8075 (AUD 396m);

USD/CAD: 1.2375 (USD 438m), 1.2290 (USD 300m);

EUR/JPY:136.95 (EUR 402m).

More:
http://fxbazooka.com/en/news/show/2197

 

[riki143]

Forex Analytics

Forex trading plan for Jan. 29

The Federal Reserve decided to wait and see what will happen with the US economy – this is a balanced stance, but still more hawkish when those of the other central banks, so the prospects for USD are rather bullish, though trading will be mixed and unsteady. The US will release unemployment claims at 13:30 GMT.

EUR/USD descended to 1.1280. Concerns about Greece have risen as the nation’s new Prime Minister Alexis Tsipras, challenged international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal. Watch German preliminary inflation report & unemployment figures.

USD/JPY keeps consolidating in the 117.25/118.80 area. Watch Japanese inflation figures early on Friday. Shorts possible below 117.00 targeting 116.50/00. Resistance is at 118.09, 118.80 and 119.30.

GBP/USD faces resistance at 1.5155 and may drift down to 1.5100. More sideways trading is expected. The pair waits for new drivers. Resistance is at 1.5200, 1.5267 and 1.5350.

AUD/USD has spiked up on Wednesday and below the recent low at 0.7857 the downside may extend to 0.7800/7780.

More:
http://fxbazooka.com/en/analitycs/show/3394

 

[riki143]

MARKET NEWS
Jan. 29: key option levels

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1100 (EUR 378m), 1.1230 (EUR 231m), 1.1250 (EUR 420m), 1.1400 (EUR373m);

USD/JPY: 116.50 (USD 7332m), 117.00 (USD 520m), 117.65 (USD 400m), 118.00 (USD 300m), 118.50 (USD 2.1bln), 119.00 (USD 2.7bln), 119.50 (USD 885m);

GBP/USD: 1.5100 (GBP 1bln), 1.5250 (GBP 302m), 1.5400 (GBP 744m);

NZD/USD: 0.7295/0.7300 (NZD 1.29bln).

More:
http://fxbazooka.com/en/news/show/2201

 

[riki143]

Forex Analytics

Forex trading plan for Jan. 30

We are getting ready to sell EUR/USD targeting firstly 1.1225 and then 1.1100. On Friday there will be many data releases in the euro area, but one should certainly focus on inflation figures due at 10:00 GMT.

AUD/USD reached the 200-month MA at 0.7780. The outlook for Aussie is bearish as traders are speculating about the possibility of the Reserve Bank of Australia cutting rates next Tuesday. The next support is at 0.7650. Resistance is at 0.7950. On Friday watch Australian producer price data (00:30 GMT). NZD/USD shorts targeting 0.7150 seem like a good trade idea.

USD/CAD has surged to 1.2550. The pair is certainly very overbought and required correction at least to 1.2400. On the upside targets lie at 1.2630, 1.2680 and 1.2700. The US and Canada will release GDP data at 13:30 GMT.

GBP/USD and USD/JPY keep consolidating and the levels to watch for them remain pretty much the same. USD/JPY faces resistance at 118.80 and 119.30 and has support at 117.25/15, 116.50 and 115.85. GBP/USD has resistance at 1.5155, 1.5200, 1.5267 and support at 1.5100, 1.5050 and 1.5000. The US GDP release should bring more volatility in these pairs.

More:
http://fxbazooka.com/en/analitycs/show/3405

 

[riki143]

MARKET NEWS
Jan. 30: MARKET OVERVIEW

EUR/USD is trading in the 1.1325 area. The euro area will release inflation data at 10:00 GMT. The data could come low as German consumer prices fell in January for the first time since 2009. The next key data for USD is an advance reading on US Q4 GDP at 13:30 GMT, which economists think will show a solid growth of 3.0%.

USD/JPY is below 118.00, almost in the middle of the recent sideways range. Japan released mixed economic data. Industrial production increased more than expected in December, but inflation slowed slightly more than expected: without the impact of the sales tax hike the price growth is the lowest since June 2013.

Commodity currencies – AUD, NZD and CAD – tried to correct a bit up after heavy selling in the previous sessions. EUR and JPY are rather stable. CHF paused after falling versus both USD and EUR on Thursday: the market is speculating about the intervention by the Swiss National Bank.

More:
http://fxbazooka.com/en/news/show/2205

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Jan. 30

Open positions:*

EUR/USD: hold LONG at 1.1302; TAKE PROFIT at 1.1460; STOP at 1.1259

USD/JPY: hold LONG at 117.60; TAKE PROFIT at 119.97; revised STOP at 117.16

USD/CHF: hold LONG at 0.8755; TAKE PROFIT revised to 0.9361; revised STOP at 0.9044

AUD/USD: hold SHORT at 0.8130; TAKE PROFIT revised to 0.7683; revised STOP at 0.7917

EUR/CHF: hold LONG at 1.0195; TAKE PROFIT at 1.0650; STOP at 1.0185

GBP/JPY: hold LONG at 177.80; TAKE PROFIT at 180.95; STOP at 177.20

Trade ideas:

USD/CAD: BUY at 1.2550; TAKE PROFIT at 1.2718; STOP at 1.2490

EUR/JPY: BUY at 132.85; TAKE PROFIT at 135.81; STOP at 132.15

EUR/GBP: SELL at 0.7540; TAKE PROFIT at 0.7391; STOP at 0.7600

GBP/USD: SELL at 1.5130; TAKE PROFIT at 1.4886; STOP at 1.5240

NZD/USD: SELL at 0.7340 TAKE PROFIT revised to 0.7120; STOP at 0.7405

More:
http://fxbazooka.com/en/analitycs/show/3413

 

[riki143]

MARKET NEWS

Key option levels
30 January 2015

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1200 (EUR 291m), 1.1300 (EUR 427m), 1.1400 (EUR 565m), 1.1450/60 (EUR 662m)

GBP/USD: 1.5350 (GBP 340m);

USD/JPY: 115.50 (USD 1.17bln), 117.75 (USD680m), 118.00 (USD 698m), 118.50 (USD 513m), 119.00 (USD 1.6bln);

AUD/USD: 0.7750 (AUD 619m), 0.7850 (AUD 527m), 0.7900 (AUD 303m);

USD/CAD: 1.2500 (USD 280m);

NZD/USD: 0.7200 (NZD 634m), 0.7300 (NZF 624m), 0.7400 (NZD 289m);

EUR/JPY: 134.50 (EUR 252m), 138.00 (EUR 460m).

More:
http://fxbazooka.com/en/news/show/2206

 

[riki143]

MARKET NEWS
Feb. 2: MARKET OVERVIEW

Chinese official manufacturing PMI unexpectedly shrank for the first time in nearly 2-1/2 years in January. A separate survey, the HSBC/Markit Purchasing Managers’ Index (PMI), showed on Monday that activity in China’s factory sector shrank for a second month in January.

USD/JPY briefly touched a 2-week low below 117.00 on Monday. The Bank of Japan’s Governor Haruhiko Kuroda said he did not think the recent weakening of the yen was severely hurting the country’s economy. Then demand from Japanese importers helped the US dollar to recover to 117.87. Still, the USD bulls are not very confident after data on Friday showed that American economic growth slowed in Q4.

AUD/JPY hit 11-month low at 90.70 before returning up to 91.50. Canadian dollar is trading on the downside. AUD/USD and NZD/USD are a bit on the upside, but still close to the minimums.

The new Greek government has said that it will not cooperate with the ‘Troika’ of international creditors, and does not plan to seek an extension for its aid package which is set to expire at the end of February. However, there’s no fresh sell-off in the euro: some analysts think that much of bad news on Europe may have been already priced in. EUR/USD is trading in the 1.1300 area.

Here are the important events to watch today:

More:
http://fxbazooka.com/en/news/show/2213

 

[riki143]

MARKET NEWS
Key option levels
2 February 2015

2 February 2015, 08:22 Comments: 0
FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1225 (EUR 225m), 1.1250 (EUR 835m);

USD/JPY: 118.15 119.00;

AUD/USD: 0.7750 (AUD 450m), 0.7800, 0.7840 (AUD 400m,) 0.7900 (AUD 420m);

NZD/USD: 0.7300 (NZD 200m);

EUR/JPY: 133.00 (EUR 330m).

More:
http://fxbazooka.com/en/news/show/2216

 

[riki143]

Forex Analytics
Danske Bank: trade signals for Feb. 2

Open positions:*

EUR/USD: Hold LONG at 1.1302, TAKE PROFIT 1.1460, STOP LOSS 1.1259

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9044

AUD/USD: Hold SHORT at 0.8130, TAKE PROFIT 0.7683, STOP LOSS 0.7917

EUR/CHF: Hold LONG at 1.0195, TAKE PROFIT 1.0650, STOP LOSS 1.0205

Trade ideas:

USD/JPY: BUY at 117.55, TAKE PROFIT 118.66, STOP LOSS 117.13

GBP/USD: SELL at 1.5130, TAKE PROFIT 1.4886, STOP LOSS 1.5240

USD/CAD: BUY at 1.2590, TAKE PROFIT 1.2957, STOP LOSS 1.2495

EUR/JPY: BUY at 132.80, TAKE PROFIT 135.05, STOP LOSS 131.70

EUR/GBP: SELL at 0.7520, TAKE PROFIT 0.7391, STOP LOSS 0.7585

EUR/CAD: BUY at 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4040

GBP/JPY: BUY at 175.85, TAKE PROFIT 180.30, STOP LOSS 175.05

NZD/USD: SELL at 0.7330, TAKE PROFIT 0.7120, STOP LOSS 0.7405

More:
http://fxbazooka.com/en/analitycs/show/3438

 

[riki143]

Forex Analytics
Forex trading plan for Feb. 3

EUR/USD keeps on consolidating in the $1.1350/1250 range, forming a small horizontal triangle. The medium-term EUR/USD prospects remain gloomy. From the technical viewpoint, euro approached the upper border of the bearish channel ($1.1350) – this is where the first significant resistance lies. Next level to watch - $1.1420 (Jan. 27 high). Selling euro on rallies seems to be the best strategy. On Tuesday euro zone will release Spanish unemployment data. Number of unemployed people is expected to have fallen in January, but less than in December. Pay attention to the news from Greece – these days the new government is trying to soften the credit conditions.

AUD/USD tried to recover above the $0.7800 mark on Monday, but remains in a clear bearish channel. On Tuesday Australia is scheduled to release trade data and building approvals. The Reserve Bank of Australia (RBA) meeting will be in focus – we can’t exclude a new rate cut. In this case the $0.7710 support will likely be broken. Next medium-term bearish target lies at $0.7000. However, note that the pair is oversold and approached the channel support line: in absence of dovish news from RBA the bullish recovery could extend towards $0.7900 and $0.8300.

USD/JPY remains in the triangle, formed in December 2014. On Monday the pair tested the 117 yen mark, but failed to sustain the downside. Next resistance lies at 118.30. This week the Japanese agenda is light, so the pair will mostly be driven by the US data.

GBP/USD resumed the decline on Monday, approaching the $1.5000 mark. Strong manufacturing PMI data failed to support the pound. On Tuesday US is scheduled to release construction PMI (forecast – downbeat). Fix below $1.5000 will open the way to $1.4815. Resistance - $1.5030/50 and $1.5010.

More:
http://fxbazooka.com/en/analitycs/show/3443

 

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