Search results

US dollar: outlook for October 10-14 10/7/2016 US dollar index closed above resistance line from December 2016 and rose to 97.00. America released upbeat ISM manufacturing and services PMIs. According to CME futures, the possibility of the Federal Reserve’s rate hike in December rose to 60%...

AUD/USD outlook for October 10-14 10/7/2016 This week we had some data releases from Australia. Monday started with a portion of cheering news. After a sharp drop in August, the Australian PMI increased by 2.9 points to a broadly stable 49.8 points in September. On Tuesday we heard a cash rate...

USD/CAD outlook for October 10-14 10/7/2016 This week didn’t send any shockwaves to the technical chart of the USD/CAD (well, until Friday). Crude oil futures settle at $50 per barrel. USD/CAD is usually responsive to these sprouts of life. However, this time it was ignoring higher oil prices...

EUR/USD: "Triangle" going to be continued 10/7/2016 There’s a possible triangle in wave (Y), whish is likely going to be continued. The main target is 4/8 MM Level. If we see a pullback from it, there’ll be an opportunity to have another bearish price movement. Wave D has been ended in a...

GBP/JPY broke pivotal support level 130.00 10/7/2016 GBP/JPY broke pivotal support level 130.00 Next sell target 124.80 GBP/JPY continues to fall inside the minor impulse wave 3 – which recently broke through the pivotal support level 130.00 (which stopped the earlier downward impulse waves (3)...

GBP/USD reached sell target 1.2600 10/7/2016 GBP/USD reached sell target 1.2600 Next sell target - 1.2000 GBP/USD recently broke sharply below the support level 1.2600, which was set as the sell target in our earlier forecast for this currency pair. The breakout of this support level greatly...

USD/JPY: bears going to reach lower "Window" 10/7/2016 There’s a resistance by the upper “Window”, so we’ve got a “Shooting Star” at the last high, which has been confirmed enough. Therefore, it’s likely that the price is going to achieve the nearest support in the short term. As we can see...

NFP forecasts from banks 10/7/2016 Arm yourself ahead of the US data releases! Forecasts from main banks! You can find more information on the upcoming NFP release here. More: https://new.fxbazooka.com/analytics/10792

EUR/USD: "Tower" highlights possibility to have bullish correction 10/7/2016 The price has been falling down since an “Engulfing” arrived at the local high. Also, there’s a “Hammer” at the last low, but this pattern hasn’t been confirmed yet. In this case, the market is likely going to reach...

Key option levels for Friday, October 7th 10/7/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 4 109 ? + 40 482 ? Closest resistance levels 1.1187; 1.1209(00?); 1.1237; 1.1257 Closest support levels 1.1091...

GBP/USD: bears delivered new low 10/7/2016 The market has plunged, which led to form a huge “Thorn” pattern. Therefore, it’s likely to see a correction towards the nearest resistance at 1.2677. However, the market is probably going to decline afterwards until any bullish pattern forms...

EUR/USD: bears going to reach support 10/7/2016 The price has been moving up and down inside the possible “Triangle”. Also, there’s an opportunity to have a “Bear Trap”. So, the market is likely going to reach a support at 1.1093 – 1.1071 in the short term. If a pullback from these levels...

GBP/USD: pound won't catch falling knives 10/7/2016 On the GBP/USD daily chart, the target 224% of the senior AB=CD pattern and the target 224% of the "Deep-Sea Crab"pattern. In this case, it is very dangerous to open long positions. On the GBP/USD hourly chart, the formation of the last...

Gold is trying to consolidate at the bottom 10/7/2016 On the daily chart of gold, there was a breakout of the lower boundary of the rising trade channel. The target 200% of AB = CD pattern has been fullfilled. Breakout of the support line at $ 1,250 will activate the target 88.6% of the Bat...

EUR/USD & US NFP: Already pricing a positive Jobs data for September? 10/7/2016 Today at 12:30 GMT will be published the US Non-Farm Payrolls for September and it seems that we could expect an increase from 151,000 to 175,000 jobs according to recent market consensus. The price action across...

EUR/USD: bulls going to deliver wave [y] of E 10/6/2016 Wave E is likely taking form of a double zigzag. Previously, the price formed a pullback from 2/8 Murrey Math Level (P=200). So, bulls are likely going to deliver wave [y] of E soon. The main intraday target on the one-hour chart is...

NZD/CAD reached sell target 0.9500 10/6/2016 NZD/CAD reached sell target 0.9500 Next sell target 0.9260 NZD/CAD has been falling in the last few trading sessions – after the earlier breakout of the support level 0.9500, which was set as the sell target in our earlier forecast for this currency...

AUD/CAD reversed from resistance zone 10/6/2016 AUD/CAD reversed from resistance zone Next sell target - 0.9900 AUD/CAD has been under strong bearish pressure lately - following the earlier sharp downward reversal from the resistance zone lying at the intersection of the major resistance level...

USD/JPY: new high is coming 10/6/2016 The last “Three Methods” has done such a great job, so the price is rising. In this case, bulls are likely going to reach the upper “Window” in the short term. As we can see on the Daily chart, there isn’t any reversal pattern so far, which makes possible...

NFP report is coming on Friday 10/6/2016 Tomorrow will be a red-letter day in the trader’s calendar. Everybody with bated breath will be waiting for the Non-Farm Payrolls report coming from the US. The NFP is a key economic indicator designed to represent the overall number of paid workers in...