Market analysis and trade recommendations by FBS

[riki143]

Forex Analytics

EUR/USD: "Hammer" frightened bears away
13 May 2016

The price has tested the nearest resistance twice, so the pair achieved the 89 Moving Average afterwards. It's likely that the market is going to reach the 144 Moving Average, which could bring any bullish pattern. As we can see on the Daily chart, there's a bearish “Harami”, so today’s candle is likely going to be black.

The price found a lodgement under the last “Window”. Also, we’ve got a “Hammer” at the local low, which points to a possible upwards correction. At the same time, bears still have enough power to continue their rally afterwards.

More:
https://fxbazooka.com/en/analitycs/show/8954

 

[riki143]

Forex Analytics

EUR/USD: "V-Bottom" points to a correction
16 May 2016

There’s a “V-Top” pattern, which led to the current decline. The price faced a support at 1.1271, so we’ve got a local correction in progress. The market is likely going to reach a resistance at 1.1366 . If a pullback from this line happens, there’ll be a chance for bears to deliver a new low.

As we can see on the one-hour chart, the last flat was finally ended by the bearish rally. Considering a pullback from a support at 1.1271, bulls are likely going to achieve a resistance at 1.1339 – 1.1357. However, bears will probably try to move on afterwards.

More:
https://fxbazooka.com/en/analitycs/show/8968

 

[riki143]

Forex Analytics

GBP/USD: bears escaped from the "Triangle"
16 May 2016

The last flat along the Moving Averages was finally ended up. The price got a support at 1.4343 afterwards, so there's time for a local correction. If the pair faces a resistance at 1.4425, bears are likely going to taste a support at 1.4298 – 1.4227.

The previously formed “Triangle” was finally broken, which brought bears into the market. There’s an opportunity to see a local correction because of a pullback from the nearest support. Nevertheless, the price is likely going to decline afterwards, so we should keep an eye on the next support at 1.4298 as a possible sellers goal.

More:
https://fxbazooka.com/en/analitycs/show/8969

 

[riki143]

Forex Analytics

EUR/USD: "Harami" led to a local correction
16 May 2016

There's a “Harami” on the 144 Moving Agerage, so an upward correction becomes possible. If the price gets a support on the 89 Moving Agerage, there’ll be an opportunity to see a decline towards the nearest “Window”. As we can see on the Daily chart, the pair reached the 21 Moving Agerage, but we haven’t got any reversal patterns so far. Under this circumstances, today’s candle is likely going to be black.

We’ve got a “Hammer” and a “Doji” near the last “Window”, which both have been confirmed enough. So, the price is likely going to test the “Window” once again. If a pullback appears afterwards, bulls will likely try to move on.

More:
https://fxbazooka.com/en/analitycs/show/8970

 

[riki143]

Forex Analytics

CAD/CHF reversed from support zone
16 May 2016
By: Dmitriy Chernovolov

-CAD/CHF reversed from support zone
-Next buy target - 0.7590

CAD/CHF has been rising in the last few trading sessions – following the earlier upward reversal from the support zone lying at the intersection of the pivotal support level 0.7440 (former resistance level from March, which also earlier reversed the pair in April) and the 61.8% Fibonacci correction of the previous sharp intermediate (C)-wave from last month. The upward reversal from the aforementioned support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.

CAD/CHF is expected to rise further to test the resistance level 0.7590 (which reversed last week the earlier intermediate ABC correction (2)).

More:
https://fxbazooka.com/en/analitycs/show/8971

 

[riki143]

Forex Analytics

CAD/CHF reversed from support zone
16 May 2016
By: Dmitriy Chernovolov

-CAD/CHF reversed from support zone
-Next buy target - 0.7590

CAD/CHF has been rising in the last few trading sessions – following the earlier upward reversal from the support zone lying at the intersection of the pivotal support level 0.7440 (former resistance level from March, which also earlier reversed the pair in April) and the 61.8% Fibonacci correction of the previous sharp intermediate (C)-wave from last month. The upward reversal from the aforementioned support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.

CAD/CHF is expected to rise further to test the resistance level 0.7590 (which reversed last week the earlier intermediate ABC correction (2)).

More:
https://fxbazooka.com/en/analitycs/show/8971

 

[riki143]

Forex Analytics

GBP/NZD reversed from resistance zone
16 May 2016
By: Dmitriy Chernovolov

-GBP/NZD reversed from resistance zone
-Next sell target - 2.1400

GBP/NZD continues to decline – following the earlier downward reversal from the resistance zone lying between the strong resistance level 2.1400 (which stopped the previous waves (iv) and (a)), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse wave from the start of January, as can be seen from the daily GBP/NZD chart below. The downward reversal from this resistance zone stopped the (c)-wave of the active minor ABC correction (ii) from April.

Given the strength of the resistance level 2.1400 - GBP/NZD is likely to fall further to the next sell target at the support level 2.1000. Sell stop-loss can be placed above the resistance level 2.1400.

More:
https://fxbazooka.com/en/analitycs/show/8972

 

[riki143]

Forex Analytics

USD/JPY: the insuperable "Window"
16 May 2016

The last “Window” is acting as a strong support as well as the 89 Moving Agerage line. The market is likely going to reach the nearest resistance in the short term. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed yet. So, today’s candle is likely going to be bullish.

We’ve got three pullbacks on a row from the upper resistance line. The last one brought a “Shooting Star” pattern, so there was a decline afterwards. Therefore, the market is likely going to has a support on the “Window” once again.

More:
https://fxbazooka.com/en/analitycs/show/8973

 

[riki143]

EUR/USD: euro is on the support

During yesterday’s trading session, the EUR/USD pair consolidated along the four-hour-Tenkan-sen. Due to the market’s settling after strong sales late last week, the short-term traders took their profit. However, the bears’ attitude is obviously getting more long-term as evidenced by the downward dynamic this morning. The main Forex currency pair has decreased its two-week lowest record to 1.1275.

The Ichimoku indicator points at the bearish tendency as well. Tenkan-Sen and Kijun-sen add to the dead cross effect while the Ichimoku cloud extends down. Next strong support testing today is likely to be near 1.1240 / 60; it may get back to Tenkan-sen afterwards.

Technical levels: support – 1.1240 / 60; resistance – 1.1300.

Trading recommendations: off-market.

More:
https://new.fxbazooka.com/analytics/8993

 

[riki143]

GBP/USD: Pound requires attention

GBP/USD currency pair, after breaking through and reaching a favorable level on 4-hour timeframe, isn’t managing to succeed in further going for the recovery. The major technical factor, having influence on the market, is a rather strong resistance encountered in the range of 1.4530. Yesterday, the bulls tried to move towards the level once again, however no success has followed. In this regard, the rate has rolled back to Ichimoku cloud and Tenkan, Kijun lines, keeping the prices at 1.4430.

It’s obvious, the current level is presently critical. If bulls manage to restrain it, we might expect the rise upwards 1.4610-1.4650. However, the most expectedly, the movement is to tend to go in favor for the bears – hitting 1.4430 and aiming at reaching 1.4260 in a mid-term.

Technical levels: support – 1.4365, 1.4430; resistance – 1.4530.

Recommendations on trade:

1. Buy — 1.4460; SL — 1.4440; TP1 — 1.4530; TP2 — 1.4610.

2. Sell — 1.4420; SL — 1.4440; TP1 — 1.4360; TP2 — 1.4320.

More:
https://new.fxbazooka.com/analytics/8994

 

[riki143]

EUR/USD: "Double Top" brings back bears to life

The price has faced a support, which led to the local flat under the 89 Moving Average. Therefore, the market is likely going to reach the next support at 1.1217 in the short term. However, if a pullback from this level happens, an upward correction becomes possible.

There’s a “Double Top” pattern at the last highs, which has been confirmed. The price is trying to break the last minimum. So, the market is likely going to achieve a support area between the levels 1.1255 – 1.1245. If bears be stopped here, bulls will probably deliver a local correction.

More:
https://new.fxbazooka.com/analytics/8995

 

[riki143]

GBP/USD: "V-Top" sends bulls back home
5/18/2016

The pair has found a resistance at 1.4515, which brought a “V-Top” pattern, so the price reached a support at 1.4425 afterwards. Therefore, the market is likely going to falling down towards a support area at 1.4343 – 1.4305. Then an upward correction becomes possible, but only if a pullback from the area happens.

As we can see on the one-hour chart, the price faced an intraday support at 1.4436, which led to the current local flat. Anyway, bears are likely going to move on, so we should keep an eye on a support at 1.4374 as the next sellers’ target.

More:
https://new.fxbazooka.com/analytics/8996

 

[riki143]

EUR/USD: "Window" has been waiting for bears
5/18/2016

There’s a “Harami” on the 89 Moving Average, which led to the current decline. The main bearish target is the nearest “Window”, which is almost reached. It’s likely possible to see bullish patterns on this “Window”. If so, the market is likely going to get a resistance on the 144 Moving Average. As we can see on the Daily chart, there’s a “Three Methods” pattern, so bears will likely try to deliver a new low, but an upward correction becomes possible afterwards.

We’ve got a “Harami” on the 55 Moving Average, which has been confirmed enough. At the same time, there’s an “Inverted Hammer” at the local low, which points to a possible upward correction.

More:
https://new.fxbazooka.com/analytics/9000

 

[riki143]

EUR/USD reached sell target 1.1300
By: Dmitriy Chernovolov
5/18/2016

EUR/USD reached sell target 1.1300

Next sell target - 1.1220

EUR/USD continues to fall after the earlier breakout of the support zone lying between the support level 1.1300 (previous sell target set in our earlier forecast for this currency pair) and the 38.2% Fibonacci correction of the preceding sharp upward impulse wave from the start of March. The breakout of this support zone is likely to accelerate the active minor impulse wave 3 - which belongs to intermediate impulse wave (3) from the start of May.

EUR/USD is expected to fall further toward the next sell target at the support level 1.1220 (which stopped the previous minor correction (iv) in April, as can be seen below).

More:
https://new.fxbazooka.com/analytics/9001

 

[riki143]

Dow Jones Industrial Average broke support level 17540.00
5/19/2016

-Dow Jones Industrial Average broke support level 17540.00
-Next sell target - 17300.00

Dow Jones Industrial Average has been falling in the last few trading sessions inside the intermediate impulse wave (3) – which earlier broke through the support level 17540.00, which stopped the previous intermediate impulse wave (1) at the start of this month. The active impulse wave (3) belongs to the primary downward impulse wave ③, which started in the middle of April – when the index reversed down from the long-term resistance level 18140.00 (previous monthly high from July of 2015).

The breakout of the support level 17540.00 is likely to intensify the bearish pressure on this index. Dow Jones Industrial Average is likely to fall to the next support level 17300.00.

More:
https://new.fxbazooka.com/analytics/9012

 

[riki143]

GBP/CHF broke pivotal resistance level 1.4290
5/19/2016

GBP/CHF broke pivotal resistance level 1.4290
Next buy target - 1.4600

GBP/CHF recently broke through the resistance zone lying between the pivotal resistance level 1.4290 (which stopped the previous waves (b) and 2 in February and March) and the 61.8% Fibonacci correction of the previous intermediate downward impulse wave (C) from February. The breakout of this resistance zone accelerated the active minor impulse waves 3 and (3) – both of which belong to the primary impulse wave Ⓒ from the start of April.

GBP/CHF is expected to rise further to the next buy target at the resistance level 1.4600 (target price calculated for the completion of the active impulse wave (3)).

More:
https://new.fxbazooka.com/analytics/9011

 

[riki143]

USD/JPY: "Harami" led to the bearish correction
5/19/2016

There’s a local correction in progress along the 89 Moving Average. Therefore, the market is likely going to test the nearest support. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed, so the price is rising. Under this circumstances, today’s candle is likely going to be bullish.

The price is moving near the important high, which was formed in 2014. There’s a “Harami”, but its confirmation isn’t enough. So, the pair is likely going to get a support on the 21 Moving Average.

More:
https://new.fxbazooka.com/analytics/9009

 

[riki143]

European stocks surge as crude prices rise
5/20/2016

On Friday, European stocks edged up, making their way towards weekly advance as market participants’ appetite for risk recovered after a sell-off driven by worries regarding the upcoming US interest rate hike.

The StoXX Europe 600 went up 1.2%, trading at 337.79. The benchmark was led by energy stocks as well as financial and basic materials shares. Unicredit SpA managed to grow 5.1% after posts that the Italian lender considers a possibility of selling some of its assets.

On Thursday, the pan-European index dipped 1.1% after the minutes from the Fed’s gathering, which disclosed the policy makers’ readiness to increase rates in June.

On Friday, energy stocks earned as crude prices kept rebounding from a one-week minimum. Energy producer Tullow Oil PLC dared to grasp 4.6%, while SBM Offshore NV surged 1.5%.

Oil is definitely shooting back higher. The number one commodity prompted to settle the jitters on the equity markets. Maybe the market requires something more convincing to justify the upcoming rate hike in June.

More:
https://new.fxbazooka.com/news/6627

 

[riki143]

Germany enjoyed record foreign investment in 2015
5/20/2015

In 2015, Germany managed to attract about 6.2 billion euros in foreign investment because the total number of new investors hit an all-time peak, mostly due to surging interest from China.

Last year in Germany, foreign investors started up to 1,912 new projects, up 60% compared to 2014, as Germany Trade & Invest states.

In 2015, the overall value of projects almost doubled, from 3.2 billion euros in 2014, and foreign investment generated at least 30,000 new jobs in Europe's biggest economy last year, according to GTAI.

Germany’s currently scoring with its large market, steady general framework as well as its positive domestic economic activity.

China appeared to be the largest single investor for a second straight year, considering its 260 fresh projects, followed by the USA with its 252 as well as Switzerland, boasting 203.

The figures, excluding mergers as well as acquisitions, point out to projects currently on the ground. Apart from that the GTAI counted up to 413 foreign-led M&A deals last year.

Those were dominated by US companies, with UK companies in second place. Notwithstanding fears of a soar of Chinese takeovers, they accounted only for eight of the foreign-led M&A deals.

More:
https://new.fxbazooka.com/news/6626

 

[riki143]

Japan and USA rift over yen devaluation
5/20/2016

A soaring yen is currently pushing Tokyo and Washington into another standoff regarding exchange rates, driving anti-trade fervor in America and generating broader troubles in rather a vulnerable global economy.

Japanese companies concerned with dropping exports and lower revenues are applying pressure on policy makers to devalue the Japanese yen. As for the USA, in this country companies and unions are afraid that devaluation will generate job losses as well as factory closures.

American economists as well as officials don’t want a scheduled yen intervention as they suggest it could spark a chain reaction of currency depreciations all over the world, including China. This week Jacob Lew, Treasury Secretary is going to meet his counterparts from Japan as well as other G7 countries in Sendai.

The rift appears to be an evident sign of broader weakness in the world economy. Most political leaders are struggling to boost their national economies, dependent on low interest rates, while more and more backlashes over trade arose.

More:
https://new.fxbazooka.com/news/6625