Forex Analytics
GBP/CAD: buy target - 2.0200
10 February 2016
By: Dmitriy Chernovolov
-GBP/CAD reached buy target 2.0100
-Next buy target - 2.0200
GBP/CAD recently rose sharply reaching the resistance level 2.0100, which was set as the buy target in our previous forecast for this currency...
Forex Analytics
EUR/USD: technical analysis
10 February 2016
The EUR/USD has found a resistance at the levels 1.1305 and 1.1352. Afterwards, the price entered into a phase of consolidation, which can turn out to a reversal "V" top pattern. In the short-term we can expect a downward movement...
Forex Analytics
Forex trading plan for February 10
By Elizabeth Belugina
The market is risk averse. Asian stocks fell with Japanese Nikkei 225 made the biggest decline since May 2013. As markets in China, Hong Kong, Singapore and South Korea stay closed for Lunar New Year holidays, liquidity...
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Forex Analytics
GBP/AUD: sell target - 2.0200
8 February 2016
By: Dmitriy Chernovolov
-GBP/AUD falling inside impulse wave 3
-Next sell target - 2.0200
GBP/AUD continues to fall after the recent downward reversal from the resistance zone lying between the pivotal resistance level 2.0530...
Forex Analytics
USD/JPY: buy target - 118.00
8 February 2016
By: Dmitriy Chernovolov
-USD/JPY reversed from pivotal support level 116.50
-Next buy target - 118.00
USD/JPY recently reversed up from the pivotal support level 116.50 (which reversed previous waves (A) and 1 in October and...
Forex Analytics
USD/JPY: forecast for February 8-14
USD/JPY erased gains made after the Bank of Japan’s meeting at the end of January and approached 116.00. Stronger yen was negative for Japanese stocks, which lost about 6% during a week. On Friday US dollar got support of the American labor...
Forex Analytics
EUR/USD: forecast for February 8-14
The euro took advantage of the broad weakness in the US dollar. EUR/USD made a breakthrough to the upside and crushed several important resistance levels on the way. One of the main reasons of such rapid increase in the euro is the covering...
Forex Analytics
GBP/USD: forecast for February 8-14
By Kira Iukhtenko
The cable rose by 450 pips at the beginning of the week amid the global USD selloff. However, the pound’s rally was capped by the BOE meeting on Thursday: the bank left rates unchanged and revised the economic forecasts to...
Forex Analytics
US Dollar: forecast for February 8-14
By Kira Iukhtenko
The US dollar had been weakening against all the major currencies last week on the back of the weak data and dovish comments of the Fed’s member Dudley. According to the futures market, the chance for a Fed’s rate hike in...
Forex Analytics
Forex trading plan for February 5
By Kira Iukhtenko
Demand for the US Dollar remained low on Thursday, but there is high probability that the recent wave of selling will be over soon. On Friday markets will focus on a block of the US labor market figures. According to the...
Forex Analytics
The USD/JPY pair is diving towards the cloud
4 February 2016
Tatiana Norkina, FBS analyst
During yesterday’s trading session, the pair USD/JPY had lost almost three figures. That was caused by dollar’s weakening. By the end of the day, the bears have fallen off the market to...
Forex Analytics
USD/CHF: sell target - 0.9900
4 February 2016
By: Dmitriy Chernovolov
-USD/CHF reversed from strong resistance zone
-Next sell target - 0.9900
USD/CHF has been falling strongly in the last few trading sessions – following the earlier downward reversal from the resistance zone...
Forex Analytics
The USD/JPY pair is diving towards the cloud
4 February 2016
Tatiana Norkina, FBS analyst
During yesterday’s trading session, the pair USD/JPY had lost almost three figures. That was caused by dollar’s weakening. By the end of the day, the bears have fallen off the market to...
Forex Analytics
Forex trading plan for February 4
Oil remains one of the key topics with the continuing speculation about OPEC’s emergency meeting. Oman’s foreign minister said the meeting will be soon, though the time isn’t set yet. News from China improved (services sector growth picked up...
Forex Analytics
NZD/CAD: buy target - 0.9300
3 February 2016
By: Dmitriy Chernovolov
-NZD/CAD reversed from support zone
-Next buy target - 0.9300
NZD/CAD recently reversed up sharply from the support zone lying between the round support level 0.9000 (former strong resistance from October)...
Forex Analytics
GBP/NZD: sell target - 2.1690
3 February 2016
By: Dmitriy Chernovolov
-GBP/NZD reversed from resistance zone
-Next sell target - 2.1690
GBP/NZD recently reversed down sharply from the resistance zone lying between the strong resistance level 2.2200 (which has been reversing...
Forex Analytics
Forex trading plan for February 3
By Kira Iukhtenko
At the beginning of the week, risk appetite is low amid weak Chinese data on Monday and falling oil prices. What’s more, US data on Monday was a disappointment as well. Expectations for a Fed’s rate hike keep on falling. On...
Forex Analytics
EUR/GBP: buy target - 0.7650
2 February 2016
By: Dmitriy Chernovolov
-EUR/GBP reversed from support zone
-Next buy target - 0.7650
EUR/GBP continues to rise after the recent upward reversal from the support zone lying between the support level 0.7550 (which stopped the earlier...
Forex Analytics
AUD/USD: sell target - 0.7030
2 February 2016
By: Dmitriy Chernovolov
-AUD/USD reached buy target 0.7100
-Next sell target - 0.7030
AUD/USD continues to fall after the recent sharp downward reversal from the resistance zone lying between the resistance level 0.7100 (former...