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Market analysis and trade recommendations by FBS
- Thread starter FBS
- Start date
Forex Analytics
Danske Bank: trade signals for June 16
Open positions:*
EUR/USD: Hold SHORT at 1.1265, TAKE PROFIT 1.1050, STOP LOSS 1.1352
USD/JPY: Hold SHORT at 123.52, TAKE PROFIT 121.78, STOP LOSS 124.65
GBP/USD: Hold LONG at 1.5447, TAKE PROFIT 1.5700, STOP LOSS 1.5415
USD/CHF: Hold LONG at 0.9330, TAKE PROFIT 0.9543, STOP LOSS 0.9229
AUD/USD: Hold LONG at 0.7705, TAKE PROFIT 0.7846, STOP LOSS 0.7635
USD/CAD: Hold LONG at 1.2340, TAKE PROFIT 1.2529, STOP LOSS 1.2268
EUR/JPY: Hold SHORT at 139.45, TAKE PROFIT 137.08, STOP LOSS 140.20
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 193.73, STOP LOSS 191.15 (revised)
Trade ideas:
EUR/CHF: BUY at 1.0470, TAKE PROFIT 1.0602, STOP LOSS 1.0420
NZD/USD: SELL at 0.7070, TAKE PROFIT 0.6878, STOP LOSS 0.7120
EUR/GBP: Possibly SELL
__________________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5483
Danske Bank: trade signals for June 16
Open positions:*
EUR/USD: Hold SHORT at 1.1265, TAKE PROFIT 1.1050, STOP LOSS 1.1352
USD/JPY: Hold SHORT at 123.52, TAKE PROFIT 121.78, STOP LOSS 124.65
GBP/USD: Hold LONG at 1.5447, TAKE PROFIT 1.5700, STOP LOSS 1.5415
USD/CHF: Hold LONG at 0.9330, TAKE PROFIT 0.9543, STOP LOSS 0.9229
AUD/USD: Hold LONG at 0.7705, TAKE PROFIT 0.7846, STOP LOSS 0.7635
USD/CAD: Hold LONG at 1.2340, TAKE PROFIT 1.2529, STOP LOSS 1.2268
EUR/JPY: Hold SHORT at 139.45, TAKE PROFIT 137.08, STOP LOSS 140.20
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 193.73, STOP LOSS 191.15 (revised)
Trade ideas:
EUR/CHF: BUY at 1.0470, TAKE PROFIT 1.0602, STOP LOSS 1.0420
NZD/USD: SELL at 0.7070, TAKE PROFIT 0.6878, STOP LOSS 0.7120
EUR/GBP: Possibly SELL
__________________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5483
Forex Analytics
Danske Bank: trade signals for June 17
Open positions:*
EUR/USD: Hold SHORT at 1.1265, TAKE PROFIT 1.1050, STOP LOSS 1.1352
USD/JPY: Hold SHORT at 123.52, TAKE PROFIT 121.78, STOP LOSS 124.20 (revised)
GBP/USD: Hold LONG at 1.5447, TAKE PROFIT 1.5700, STOP LOSS 1.5483 (revised)
USD/CHF: Hold LONG at 0.9330, TAKE PROFIT 0.9543, STOP LOSS 0.9229
AUD/USD: Hold LONG at 0.7705, TAKE PROFIT 0.7846, STOP LOSS 0.7635
USD/CAD: Hold LONG at 1.2340, TAKE PROFIT 1.2529, STOP LOSS 1.2268
EUR/JPY: Hold SHORT at 139.45, TAKE PROFIT 137.08, STOP LOSS 140.20
EUR/CHF: Hold LONG at 1.0470, TAKE PROFIT 1.0602, STOP LOSS 1.0420
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 195.23 (revised), STOP LOSS 191.97 (revised)
Trade ideas:
EUR/GBP: SELL at 0.7220, TAKE PROFIT 0.7056, STOP LOSS 0.7273
NZD/USD: SELL at 0.6998 (revised), TAKE PROFIT 0.6878, STOP LOSS 0.7060
______________________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5497
Danske Bank: trade signals for June 17
Open positions:*
EUR/USD: Hold SHORT at 1.1265, TAKE PROFIT 1.1050, STOP LOSS 1.1352
USD/JPY: Hold SHORT at 123.52, TAKE PROFIT 121.78, STOP LOSS 124.20 (revised)
GBP/USD: Hold LONG at 1.5447, TAKE PROFIT 1.5700, STOP LOSS 1.5483 (revised)
USD/CHF: Hold LONG at 0.9330, TAKE PROFIT 0.9543, STOP LOSS 0.9229
AUD/USD: Hold LONG at 0.7705, TAKE PROFIT 0.7846, STOP LOSS 0.7635
USD/CAD: Hold LONG at 1.2340, TAKE PROFIT 1.2529, STOP LOSS 1.2268
EUR/JPY: Hold SHORT at 139.45, TAKE PROFIT 137.08, STOP LOSS 140.20
EUR/CHF: Hold LONG at 1.0470, TAKE PROFIT 1.0602, STOP LOSS 1.0420
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 195.23 (revised), STOP LOSS 191.97 (revised)
Trade ideas:
EUR/GBP: SELL at 0.7220, TAKE PROFIT 0.7056, STOP LOSS 0.7273
NZD/USD: SELL at 0.6998 (revised), TAKE PROFIT 0.6878, STOP LOSS 0.7060
______________________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5497
Forex Analytics
GBP/NZD: buy target - 2.2600
17 June 2015
By: Dima Chernovolov
-GBP/NZD reached buy targets 2.2200 and 2.2400
-Next buy target - 2.2600
GBP/NZD has been rising strongly in the last few trading sessions breaking through the resistance levels 2.2200 and 2.2400 – both of which were set as the buy targets in our previous forecast for this currency pair. Each of these successive resistance breakouts further accelerated the active minor impulse wave 3 (which is a part of the 5th intermediate impulse (5) from May – belongs to the 3rd primary impulse ③ from last year).
With the accelerating daily Momentum, GBP/NZD is likely to rise further toward the next buy target 2.2600 (target price for the completion of the active impulse wave (5)).
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More:
http://fxbazooka.com/en/analitycs/show/5500
GBP/NZD: buy target - 2.2600
17 June 2015
By: Dima Chernovolov
-GBP/NZD reached buy targets 2.2200 and 2.2400
-Next buy target - 2.2600
GBP/NZD has been rising strongly in the last few trading sessions breaking through the resistance levels 2.2200 and 2.2400 – both of which were set as the buy targets in our previous forecast for this currency pair. Each of these successive resistance breakouts further accelerated the active minor impulse wave 3 (which is a part of the 5th intermediate impulse (5) from May – belongs to the 3rd primary impulse ③ from last year).
With the accelerating daily Momentum, GBP/NZD is likely to rise further toward the next buy target 2.2600 (target price for the completion of the active impulse wave (5)).
More:
http://fxbazooka.com/en/analitycs/show/5500
Forex Analytics
NZD/CAD: sell target - 0.8300
18 June 2015
By: Dima Chernovolov
-NZD/CAD approached support level 0.8400
-Next sell target - 0.8300
NZD/CAD has been falling sharply in the last few trading sessions – after breaking the support level 0.8700, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level intensified the bearish pressure on NZD/CAD – leading to the breakout of the next powerful support level 0.8600 – which further intensified the bearish pressure on this pair.
NZD/CAD is currently trading close to the support level 0.8400. If the price breaks this support level – it can then fall to the next support level 0.8300.
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5510
NZD/CAD: sell target - 0.8300
18 June 2015
By: Dima Chernovolov
-NZD/CAD approached support level 0.8400
-Next sell target - 0.8300
NZD/CAD has been falling sharply in the last few trading sessions – after breaking the support level 0.8700, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level intensified the bearish pressure on NZD/CAD – leading to the breakout of the next powerful support level 0.8600 – which further intensified the bearish pressure on this pair.
NZD/CAD is currently trading close to the support level 0.8400. If the price breaks this support level – it can then fall to the next support level 0.8300.
More:
http://fxbazooka.com/en/analitycs/show/5510
Forex Analytics
NZD/CHF: sell target – 0.6200
18 June 2015
By: Dima Chernovolov
-NZD/CHF reached sell target 0.6450
-Next buy target – 0.6200
NZD/CHF yesterday broke sharply below the strong support level 0.6450 which previously stopped the sharp intermediate impulse wave (1) in January (as you can see below) and which was set as the sell target in our previous forecast for this instrument. The breakout of this support level is likely to intensify the bearish pressure on this currency pair in the coming trading sessions.
NZD/CHF is set to fall further toward the next sell target at the support level 0.6200 (forecast price calculated for the termination of the active impulse waves 5 and (3)). Strong resistance remains at 0.64550.
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5512
NZD/CHF: sell target – 0.6200
18 June 2015
By: Dima Chernovolov
-NZD/CHF reached sell target 0.6450
-Next buy target – 0.6200
NZD/CHF yesterday broke sharply below the strong support level 0.6450 which previously stopped the sharp intermediate impulse wave (1) in January (as you can see below) and which was set as the sell target in our previous forecast for this instrument. The breakout of this support level is likely to intensify the bearish pressure on this currency pair in the coming trading sessions.
NZD/CHF is set to fall further toward the next sell target at the support level 0.6200 (forecast price calculated for the termination of the active impulse waves 5 and (3)). Strong resistance remains at 0.64550.
More:
http://fxbazooka.com/en/analitycs/show/5512
Forex Analytics
Trading plan for June 19
Kira Iukhtenko
The US Dollar is depreciating after the dovish Fed’s meeting on Wednesday. Inflation data released on Thursday added pressure: core CPI rose by only 0.1% in May. DXY fell below 94 points. Next support is seen at 93 points – these are the May lows.
EUR/USD rose above 1.1400 – market forgot about the Greek issue after the FOMC disappointment. Watch the Ecofin meeting headlines on Friday. Resistance for EUR/USD lies at 1.1530 – break higher could confirm an inverse “head-and-shoulders” formation with a strong bullish potential. Watch the 1.1050 support.
GBP/USD broke above the 1.5900 resistance, reaching its highest levels since 2014. We’ll see whether the cable manages to fix above 50% Fibonacci (1.5870). Support lies at 1.5800, while resistance – at 1.6000.
USD/JPY retraced down below 123 yen. Support lies around 122.40.Break lower could provoke a strong selloff. Watch the Bank of Japan meeting tonight.
AUD/USD surged above the 0.7800. We are not sure that the pair will be able to fix above here, but a weekly close could become a strong buying signal.
More:
http://fxbazooka.com/en/analitycs/show/5518
Trading plan for June 19
Kira Iukhtenko
The US Dollar is depreciating after the dovish Fed’s meeting on Wednesday. Inflation data released on Thursday added pressure: core CPI rose by only 0.1% in May. DXY fell below 94 points. Next support is seen at 93 points – these are the May lows.
EUR/USD rose above 1.1400 – market forgot about the Greek issue after the FOMC disappointment. Watch the Ecofin meeting headlines on Friday. Resistance for EUR/USD lies at 1.1530 – break higher could confirm an inverse “head-and-shoulders” formation with a strong bullish potential. Watch the 1.1050 support.
GBP/USD broke above the 1.5900 resistance, reaching its highest levels since 2014. We’ll see whether the cable manages to fix above 50% Fibonacci (1.5870). Support lies at 1.5800, while resistance – at 1.6000.
USD/JPY retraced down below 123 yen. Support lies around 122.40.Break lower could provoke a strong selloff. Watch the Bank of Japan meeting tonight.
AUD/USD surged above the 0.7800. We are not sure that the pair will be able to fix above here, but a weekly close could become a strong buying signal.
More:
http://fxbazooka.com/en/analitycs/show/5518
Forex Analytics
GBP/AUD: buy target - 2.0600
19 June 2015
By: Dima Chernovolov
-GBP/AUD reached buy target 2.000
-Next buy target - 2.0600
GBP/AUD has been rising steadily in the last few trading sessions – following the earlier breakout of the major round resistance level 2.000 (which stopped the previous intermediate impulse (1) in February and which was set as the buy target in our previous forecast for this currency pair). The price earlier reversed up with the daily Morning Star from the support zone between the support level 1.9700 and 38.2% Fibonacci Correction of previous impulse from May.
GBP/AUD is likely to rise further inside the active impulse wave 3 toward the next buy target 2.0600 (target price for the completion of the active impulse wave (iii)).
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5522
GBP/AUD: buy target - 2.0600
19 June 2015
By: Dima Chernovolov
-GBP/AUD reached buy target 2.000
-Next buy target - 2.0600
GBP/AUD has been rising steadily in the last few trading sessions – following the earlier breakout of the major round resistance level 2.000 (which stopped the previous intermediate impulse (1) in February and which was set as the buy target in our previous forecast for this currency pair). The price earlier reversed up with the daily Morning Star from the support zone between the support level 1.9700 and 38.2% Fibonacci Correction of previous impulse from May.
GBP/AUD is likely to rise further inside the active impulse wave 3 toward the next buy target 2.0600 (target price for the completion of the active impulse wave (iii)).
More:
http://fxbazooka.com/en/analitycs/show/5522
Forex Analytics
NZD/USD:sell target – 0.6800
19 June 2015
By: Dima Chernovolov
-NZD/USD falls inside impulse waves 3 and (5)
-Next sell target – 0.6800
NZD/USD has been falling strongly in the last few trading sessions – following the earlier breakout of the strong resistance level 0.7200 (which was later retested with the Evening Star) and the lower support trendline of the extended daily down channel from last October (as you can see from the daily NZD/USD chart below). Each of these support breakouts intensified the bearish pressure on NZD/USD.
NZD/USD is likely to fall further inside the active impulse waves 5 and (3) toward the next sell target 0.6800. The pair is likely to correct up after reaching this support level.
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5524
NZD/USD:sell target – 0.6800
19 June 2015
By: Dima Chernovolov
-NZD/USD falls inside impulse waves 3 and (5)
-Next sell target – 0.6800
NZD/USD has been falling strongly in the last few trading sessions – following the earlier breakout of the strong resistance level 0.7200 (which was later retested with the Evening Star) and the lower support trendline of the extended daily down channel from last October (as you can see from the daily NZD/USD chart below). Each of these support breakouts intensified the bearish pressure on NZD/USD.
NZD/USD is likely to fall further inside the active impulse waves 5 and (3) toward the next sell target 0.6800. The pair is likely to correct up after reaching this support level.
More:
http://fxbazooka.com/en/analitycs/show/5524
Forex Analytics
GBP/CAD: buy targets - 1.9560 and 1.9800
22 June 2015
By: Dima Chernovolov
-GBP/CAD reached buy targets 1.9150 and 1.9400
-Next buy targets - 1.9560 and 1.9800
GBP/CAD recently broke above the resistance levels 1.9150 and 1.9400 – both of which were set as the buy targets in our previous forecast for this currency pair. The breakout of these resistance levels continues the active minor impulse wave 3 which started earlier this month – when the pair reversed up with the two daily Hammers from the support zone lying between the support level 1.8850 and 38.2% Fibonacci Correction of the previous impulse wave 1.
GBP/CAD is likely to rise further inside the active impulse 3 toward the next buy targets at the resistance levels -1.9560 (top of the previous intermediate (A)-wave) and 1.9800.
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5540
GBP/CAD: buy targets - 1.9560 and 1.9800
22 June 2015
By: Dima Chernovolov
-GBP/CAD reached buy targets 1.9150 and 1.9400
-Next buy targets - 1.9560 and 1.9800
GBP/CAD recently broke above the resistance levels 1.9150 and 1.9400 – both of which were set as the buy targets in our previous forecast for this currency pair. The breakout of these resistance levels continues the active minor impulse wave 3 which started earlier this month – when the pair reversed up with the two daily Hammers from the support zone lying between the support level 1.8850 and 38.2% Fibonacci Correction of the previous impulse wave 1.
GBP/CAD is likely to rise further inside the active impulse 3 toward the next buy targets at the resistance levels -1.9560 (top of the previous intermediate (A)-wave) and 1.9800.
More:
http://fxbazooka.com/en/analitycs/show/5540
Forex Analytics
GBP/USD: buy target – 1.6000
22 June 2015
By: Dima Chernovolov
-GBP/USD broke resistance level 1.5800
-Next buy target – 1.6000
GBP/USD has been rising strongly in the last few trading sessions – following the earlier breakout of the round resistance level 1.5000, which was set as the buy target in our previous report for this currency pair. The breakout of the resistance level 1.5000 intensified the bullish pressure on GBP/USD – helping the active minor impulse wave 3 break above the resistance level 1.5800 (top of the previous (A)-wave).
GBP/USD is likely to rise further inside the active minor impulse wave 3 toward the next buy target at the round resistance level 1.6000. Strong support remains at 1.5800.
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5542
GBP/USD: buy target – 1.6000
22 June 2015
By: Dima Chernovolov
-GBP/USD broke resistance level 1.5800
-Next buy target – 1.6000
GBP/USD has been rising strongly in the last few trading sessions – following the earlier breakout of the round resistance level 1.5000, which was set as the buy target in our previous report for this currency pair. The breakout of the resistance level 1.5000 intensified the bullish pressure on GBP/USD – helping the active minor impulse wave 3 break above the resistance level 1.5800 (top of the previous (A)-wave).
GBP/USD is likely to rise further inside the active minor impulse wave 3 toward the next buy target at the round resistance level 1.6000. Strong support remains at 1.5800.
More:
http://fxbazooka.com/en/analitycs/show/5542
USD
forecast for June 22-28
GBP/USD
forecast for June 22-28
EUR/USD
forecast for June 22-28
More:
http://fxbazooka.com/en/video
forecast for June 22-28
GBP/USD
forecast for June 22-28
EUR/USD
forecast for June 22-28
More:
http://fxbazooka.com/en/video
Forex Analytics
Trading plan for June 23
Kira Iukhtenko
EUR/USD consolidates in the 1.1300/1.1400 range. Next resistance lies at 1.1430 and 1.1465. Strong sell orders are clustered around 1.1500 – for now the markets lacks energy to break higher. Support is seen at 1.1250. Monday’s Eurogroup meeting didn’t bring any progress. Next “Greek” date on the schedule – June 25 Eurogroup meeting. On Tuesday watch the euro zone’s PMI’s – forecasts are mostly upbeat.
GBP/USD retraces lower following a 2-week rally. The pair faced resistance at 1.5900. Break below 1.5800 would open the way to 1.5550 – this where the next support is seen. There are no news on the UK agenda on Tuesday, so all eyes on the US releases tomorrow: core durable goods orders and Manufacturing PMI.
AUD/USD failed to break above 0.7800 and gave up some ground on Monday. Decline below 0.7660 would pave the ground for a sharper decline. Watch the Chinese HSBC Manufacturing PMI on Tuesday – the index is expected to stay below 50.
USD/JPY bounced from 122.40 support. Strong buying power is clustered on these levels. We expect the price to fluctuate towards 124.00.
More:
http://fxbazooka.com/en/analitycs/show/5553
Trading plan for June 23
Kira Iukhtenko
EUR/USD consolidates in the 1.1300/1.1400 range. Next resistance lies at 1.1430 and 1.1465. Strong sell orders are clustered around 1.1500 – for now the markets lacks energy to break higher. Support is seen at 1.1250. Monday’s Eurogroup meeting didn’t bring any progress. Next “Greek” date on the schedule – June 25 Eurogroup meeting. On Tuesday watch the euro zone’s PMI’s – forecasts are mostly upbeat.
GBP/USD retraces lower following a 2-week rally. The pair faced resistance at 1.5900. Break below 1.5800 would open the way to 1.5550 – this where the next support is seen. There are no news on the UK agenda on Tuesday, so all eyes on the US releases tomorrow: core durable goods orders and Manufacturing PMI.
AUD/USD failed to break above 0.7800 and gave up some ground on Monday. Decline below 0.7660 would pave the ground for a sharper decline. Watch the Chinese HSBC Manufacturing PMI on Tuesday – the index is expected to stay below 50.
USD/JPY bounced from 122.40 support. Strong buying power is clustered on these levels. We expect the price to fluctuate towards 124.00.
More:
http://fxbazooka.com/en/analitycs/show/5553
Forex Analytics
Danske Bank: trade signals for June 23
Open positions:*
EUR/JPY: Hold SHORT at 139.90, TAKE PROFIT 137.99, STOP LOSS 140.75
EUR/GBP: Hold SHORT at 0.7211, TAKE PROFIT 0.7014, STOP LOSS 0.7271
EUR/CHF: Hold LONG at 1.0450, TAKE PROFIT 1.0591, STOP LOSS 1.0395
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 197.45, STOP LOSS 193.42
NZD/USD: Hold SHORT at 0.6970, TAKE PROFIT 0.6795, STOP LOSS 0.6990
Trade signals:
GBP/USD: BUY at 1.5710 (revised), TAKE PROFIT 1.6022, STOP LOSS 1.5643
USD/CAD: BUY at 1.2285, TAKE PROFIT 1.2442, STOP LOSS 1.2205
EUR/USD: Possibly BUY
USD/JPY: Possibly SELL
USD/CHF: Possibly SELL
AUD/USD: Possibly SELL
________________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5562
Danske Bank: trade signals for June 23
Open positions:*
EUR/JPY: Hold SHORT at 139.90, TAKE PROFIT 137.99, STOP LOSS 140.75
EUR/GBP: Hold SHORT at 0.7211, TAKE PROFIT 0.7014, STOP LOSS 0.7271
EUR/CHF: Hold LONG at 1.0450, TAKE PROFIT 1.0591, STOP LOSS 1.0395
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 197.45, STOP LOSS 193.42
NZD/USD: Hold SHORT at 0.6970, TAKE PROFIT 0.6795, STOP LOSS 0.6990
Trade signals:
GBP/USD: BUY at 1.5710 (revised), TAKE PROFIT 1.6022, STOP LOSS 1.5643
USD/CAD: BUY at 1.2285, TAKE PROFIT 1.2442, STOP LOSS 1.2205
EUR/USD: Possibly BUY
USD/JPY: Possibly SELL
USD/CHF: Possibly SELL
AUD/USD: Possibly SELL
________________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5562
Forex Analytics
USD/CAD: buy target – 1.2400
23 June 2015
By: Dima Chernovolov
-USD/CAD reversed from support zone
-Next buy target – 1.2400
USD/CAD recently reversed up sharply from the support zone lying at the intersection of the multiple support levels: the lower daily Bollinger Band, the support level 1.2200, the 61.8% Fibonacci Correction of the previous sharp intermediate impulse (1) from May and the former resistance trendline of the recently broken daily down channel from March (acting as support now after it was broken).
The upward reversal from this support zone completed the previous intermediate ABC correction (2). USD/CAD is likely to rise further toward the next buy target 1.2400.
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5560
USD/CAD: buy target – 1.2400
23 June 2015
By: Dima Chernovolov
-USD/CAD reversed from support zone
-Next buy target – 1.2400
USD/CAD recently reversed up sharply from the support zone lying at the intersection of the multiple support levels: the lower daily Bollinger Band, the support level 1.2200, the 61.8% Fibonacci Correction of the previous sharp intermediate impulse (1) from May and the former resistance trendline of the recently broken daily down channel from March (acting as support now after it was broken).
The upward reversal from this support zone completed the previous intermediate ABC correction (2). USD/CAD is likely to rise further toward the next buy target 1.2400.
More:
http://fxbazooka.com/en/analitycs/show/5560
Forex Analytics
GBP/JPY: buy target - 198.00
23 June 2015
By: Dima Chernovolov
-GBP/JPY reached buy target 194.00
-Next buy target - 198.00
GBP/JPY recently broke sharply above the resistance level 194.00 (which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level was preceded by the breakout of the upper channel line of the wide weekly up channel from last year. The breakout of the resistance level 194.00 intensified the bullish pressure on GBP/JPY – accelerating the active minor impulse wave 5 of the intermediate (C)-wave from April.
GBP/JPY is likely to rise further toward the next buy target 198.00 (target price for the completion of the active wave (C)).
%20650.png)
More:
http://fxbazooka.com/en/analitycs/show/5558
GBP/JPY: buy target - 198.00
23 June 2015
By: Dima Chernovolov
-GBP/JPY reached buy target 194.00
-Next buy target - 198.00
GBP/JPY recently broke sharply above the resistance level 194.00 (which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level was preceded by the breakout of the upper channel line of the wide weekly up channel from last year. The breakout of the resistance level 194.00 intensified the bullish pressure on GBP/JPY – accelerating the active minor impulse wave 5 of the intermediate (C)-wave from April.
GBP/JPY is likely to rise further toward the next buy target 198.00 (target price for the completion of the active wave (C)).
More:
http://fxbazooka.com/en/analitycs/show/5558
Forex Analytics
Forex trading plan for June 24
US durable goods orders figures released today were mixed. On the one head, core reading increased after previous decline, but on the other head, headline figure came out much lower than expected. Still, the overall sentiment about the American currency is positive as the FOMC member Powell gave hawkish comments saying that the, who suggested liftoff could come as soon as September.On Wednesday the US will release final Q1 GDP reading. A revision from -0.7% to -0.2% is expected. The expectations may provide the greenback with further support.
EUR/USD slid to 1.1170 despite improved manufacturing activity in the euro area. Support is at 1.1150 and 1.1070/50. European and Greek authorities will keep negotiating on Wednesday with the aim to reach a critical compromise by the end of the day, so expect market-moving news and announcements. German Ifo business climate is due at 08:00 GMT.
The outlook for British pound looks negative after it Support for GBP/USD is at 1.5700 and 1.5640. Resistance is at 1.5815 and 1.5900. USD/JPY has resistance levels at 124.13, 124.44/60 and 125.00. Support is at 123.20/00 and 122.45.
More:
http://fxbazooka.com/en/analitycs/show/5570
Forex trading plan for June 24
US durable goods orders figures released today were mixed. On the one head, core reading increased after previous decline, but on the other head, headline figure came out much lower than expected. Still, the overall sentiment about the American currency is positive as the FOMC member Powell gave hawkish comments saying that the, who suggested liftoff could come as soon as September.On Wednesday the US will release final Q1 GDP reading. A revision from -0.7% to -0.2% is expected. The expectations may provide the greenback with further support.
EUR/USD slid to 1.1170 despite improved manufacturing activity in the euro area. Support is at 1.1150 and 1.1070/50. European and Greek authorities will keep negotiating on Wednesday with the aim to reach a critical compromise by the end of the day, so expect market-moving news and announcements. German Ifo business climate is due at 08:00 GMT.
The outlook for British pound looks negative after it Support for GBP/USD is at 1.5700 and 1.5640. Resistance is at 1.5815 and 1.5900. USD/JPY has resistance levels at 124.13, 124.44/60 and 125.00. Support is at 123.20/00 and 122.45.
More:
http://fxbazooka.com/en/analitycs/show/5570
MARKET NEWS
Key option levels
24 June 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: 1.1130/40 (EUR 624m), 1.1180 (395m), 1.1200 (1.2bln);
AUD/USD: 0.7820 (AUD 220m);
USD/CAD: (1.2465 (USD 300m);
NZD/USD: 0.6960 (NZD 280m);
EUR/GBP: 0.7100 (EUR 220m);
EUR/JPY: 138.40 (EUR 443m).
More:
http://fxbazooka.com/en/news/show/2952
Key option levels
24 June 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: 1.1130/40 (EUR 624m), 1.1180 (395m), 1.1200 (1.2bln);
AUD/USD: 0.7820 (AUD 220m);
USD/CAD: (1.2465 (USD 300m);
NZD/USD: 0.6960 (NZD 280m);
EUR/GBP: 0.7100 (EUR 220m);
EUR/JPY: 138.40 (EUR 443m).
More:
http://fxbazooka.com/en/news/show/2952
Forex Analytics
Danske Bank: trade signals for June 24
Open positions:*
USD/JPY: Hold LONG at 123.75, TAKE PROFIT 125.05, STOP LOSS 123.19
GBP/USD: Hold LONG at 1.5710, TAKE PROFIT 1.5930 (revised), STOP LOSS 1.5643
EUR/JPY: Hold SHORT at 139.90, TAKE PROFIT 137.42 (revised), STOP LOSS 139.01 (revised)
EUR/GBP: Hold SHORT at 0.7211, TAKE PROFIT 0.7014, STOP LOSS 0.7271
EUR/CHF: Hold LONG at 1.0450, TAKE PROFIT 1.0591, STOP LOSS 1.0395
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 197.45, STOP LOSS 193.42
NZD/USD: Hold SHORT at 0.6970, TAKE PROFIT 0.6795, STOP LOSS 0.6945 (revised)
Trade signals:
USD/CHF: BUY at 0.9280, TAKE PROFIT 0.9438, STOP LOSS 0.9224
AUD/USD: SELL at 0.7794, TAKE PROFIT 0.7533, STOP LOSS 0.7859
EUR/USD: SELL at 1.1235, TAKE PROFIT 1.1082, STOP LOSS 1.1301
USD/CAD: BUY at 1.2285, TAKE PROFIT 1.2442, STOP LOSS 1.2205
_________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5575
Danske Bank: trade signals for June 24
Open positions:*
USD/JPY: Hold LONG at 123.75, TAKE PROFIT 125.05, STOP LOSS 123.19
GBP/USD: Hold LONG at 1.5710, TAKE PROFIT 1.5930 (revised), STOP LOSS 1.5643
EUR/JPY: Hold SHORT at 139.90, TAKE PROFIT 137.42 (revised), STOP LOSS 139.01 (revised)
EUR/GBP: Hold SHORT at 0.7211, TAKE PROFIT 0.7014, STOP LOSS 0.7271
EUR/CHF: Hold LONG at 1.0450, TAKE PROFIT 1.0591, STOP LOSS 1.0395
EUR/CAD: Hold LONG at 1.3850, TAKE PROFIT 1.4225, STOP LOSS 1.3690
GBP/JPY: Hold LONG at 191.00, TAKE PROFIT 197.45, STOP LOSS 193.42
NZD/USD: Hold SHORT at 0.6970, TAKE PROFIT 0.6795, STOP LOSS 0.6945 (revised)
Trade signals:
USD/CHF: BUY at 0.9280, TAKE PROFIT 0.9438, STOP LOSS 0.9224
AUD/USD: SELL at 0.7794, TAKE PROFIT 0.7533, STOP LOSS 0.7859
EUR/USD: SELL at 1.1235, TAKE PROFIT 1.1082, STOP LOSS 1.1301
USD/CAD: BUY at 1.2285, TAKE PROFIT 1.2442, STOP LOSS 1.2205
_________________________________________________________
*Danske Bank applies trailing stop orders (moved together with the price)
More:
http://fxbazooka.com/en/analitycs/show/5575
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