Forex Analytics
GBP/AUD: sell target - 2.0400
22 December 2015
By: Dmitriy Chernovolov
GBP/AUD falling inside impulse waves 3 and (C)
Next sell target - 2.0400
GBP/AUD has been falling strongly in the last few trading sessions inside the 3rd minor impulse wave 3 which started recently – when...
Forex Analytics
AUD/CAD: buy target - 1.0200
22 December 2015
By: Dmitriy Chernovolov
AUD/CAD broke multiple resistance levels
Next buy target - 1.0200
AUD/CADhas been rising sharply in the last few trading sessions inside the 5th minor impulse wave 5 of the (C)-wave of the primary ABC...
Forex Analytics
Credit Suisse: trade positions and signals
22 December 2015
Open positions:
EUR/USD: Hold SHORT from 1.0905, TAKE PROFIT 1.0640, STOP LOSS 1.0955 (Entered on December 21).
EUR/CHF: Hold SHORT from 132.40, TAKE PROFIT 129.77, STOP LOSS 133.25 (Entered on December 21).
USD/CHF...
Forex Analytics
EUR/USD: forecast for December 21-27
EUR/USD failed to settle above 1.1000 and declined to 1.0800. The bears have to break below this level to provoke decline to 1.0730 and 1.0650. Resistance is at 1.0980, 1.1055 and 1.1100. These obstacles look strong.
Economic data from the...
Forex Analytics
USD/JPY: forecast for December 21-27
The dynamics of USD/JPY in the past week was determined by the actions of the central banks. Firstly the US Federal Reserve raised the interest rate making the pair go up. Then the Bank of Japan announced some changes to its monetary stimulus...
Forex Analytics
US dollar: forecast for December 21-27
US dollar showed moderate gains in the past week. The market regarded the outcome of the Federal Reserve’s meeting as more hawkish than expected: the Federal funds rate range was increased by 25 bps and the forecast of the 4 rate hikes in...
Forex Analytics
CHF/JPY: sell target - 121.00
18 December 2015
By: Dmitriy Chernovolov
CHF/JPY reversed from resistance zone
Next sell target - 121.00
CHF/JPY recently reversed down from the resistance zone lying between the resistance level 123.50, the upper daily Bollinger Band, 61.8%...
Forex Analytics
CAD/JPY: sell target - 86.00
18 December 2015
By: Dmitriy Chernovolov
CAD/JPY falling inside impulse waves (iii) and 3
Next sell target - 86.00
CAD/JPY continues to fall after the recent downward reversal from the resistance zone surrounding the strong resistance level 89.00...
Forex Analytics
Forex trading plan for December 18
By Elizabeth Belugina
US dollar strengthened on Thursday after the US Federal Reserve raised the Federal fund rate from 0-0.25% to 0.25-0.50% and sounded less dovish than the market has expected. Although Janet Yellen underlined that...
Forex Analytics
USD/CAD: buy target - 1.4000
17 December 2015
By: Dmitriy Chernovolov
USD/CAD reached buy targets levels 1.3600 and 1.3800
Next buy target - 1.4000
USD/CAD has been rising steadily in the last few trading sessions– reaching the resistance levels 1.3600 and 1.3800, both of...
Forex Analytics
EUR/USD: sell targets - 1.0700 and 1.0800
17 December 2015
By: Dmitriy Chernovolov
EUR/USD falling inside minor B-wave
Next sell targets - 1.0700 and 1.0800
EUR/USD continues to fall after the recent downward reversal from the resistance zone lying between the resistance level...
Forex Analytics
USD/CHF: buy target - 1.0000
16 December 2015
By: Dmitriy Chernovolov
USD/CHF reversed from support zone
Likely to rise to 1.0000
USD/CHF recently reversed up from the support zone lying between the support level 0.9800 (former strong resistance from September), lower daily...
Forex Analytics
Forex trading plan for December 16
By Elizabeth Belugina
The main event on Wednesday will be the Federal Reserve’s meeting at 19:00 GMT. The futures market is pricing in about 80% chance of a rate hike. Although US dollar’s net long positions declined in the recent weeks, the...
Forex Analytics
AUD/NZD: Likely to fall to 1.0500
15 December 2015
By: Dmitriy Chernovolov
AUD/NZD falling inside impulse waves (3) and ③
Likely to fall to 1.0500
AUD/NZD has been falling sharply in the last 2 weeks inside the active primary impulse wave ③. This impulse wave started in...
Forex Analytics
GBP/NZD: sell target - 2.2000
15 December 2015
By: Dmitriy Chernovolov
GBP/NZD broke support level 2.2600
Next sell target - 2.2000
GBP/NZD continues to fall after the recent breakout of the support level 2.2600 (which earlier reversed previous waves 3 and (A) in October, as...
Forex Analytics
Forex trading plan for December 15
By Elizabeth Belugina
The market is waiting for the Fed’s meeting on Wednesday. Falling oil is the main newsmaker.
EUR/USD: The pair remained last week below the resistance at 1.1030 (200-day MA). Below 1.0950 the euro will slide to 1.0915...
Forex Analytics
USD/JPY: forecast for December 14-20
By Elizabeth Belugina
USD/JPY broke below the bottom of its monthly range in the 122.20 area. Lower commodity prices increased demand for the yen as a safe haven making the pair decline. In addition, there were some positive surprises in...
Forex Analytics
EUR/USD: forecast for December 14-20
By Elizabeth Belugina
EUR/USD tested higher levels in the past week, though remained below important resistance marks. The market’s attention will be focused on the upcoming meeting of the Federal Reserve. Although we don’t expect so see big...
Forex Analytics
USD: forecast for December 14-20
By Elizabeth Belugina
US dollar was rather weak during the past week. Traders and speculators have been obviously adjusting their positions ahead of the Federal Reserve’s meeting and the year-end.
The greenback did strengthen though versus...
Forex Analytics
GBP/USD: forecast for December 14-20
By Elizabeth Belugina
British pound had another volatile week. Cable fell as British manufacturing production declined more than expected. Then GBP/USD formed a higher low in the 1.4955 area and then recovered to 1.5200.
The Bank of England...