Forex Analytics
Forex trading plan for December 1
Elizabeth Belugina
Pay attention to the bloc of Chinese data on Tuesday morning – the releases, especially Caixin manufacturing PMI, will be important for the market’s risk sentiment. The forecasts are rather well, though China’s...
Forex Analytics
Euro remains under pressure
30 November 2015
Tatiana Norkina, FBS analyst
EUR/USD continues moving downwards. After a clear rebound from the horizontal Kijun-sen line on Friday, the pair as well consolidated below the Tenkan line. The lines themselves, in turn, have formed...
Forex Analytics
EUR/USD: weekly wave analysis
29 November 2015
Daily. After the market finished correction (4), we saw the development of a new downtrend impulse (5). At the moment this wave is at the final stage of development. Let’s view its structure at Н4.
H4. The wave 3 ended with a...
Forex Analytics
Pound updated lows
30 November 2015
Tatiana Norkina, FBS analyst
The British currency keeps losing against the American. The GBP/USD currency pair has updated November lows this morning, sliding to the 1.5014 mark at the trading opening. The downward trend is obvious to...
Forex Analytics
Danske Bank: trade signals for November 30
30 November 2015
Open positions:
EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0766 (revised)
USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19
GBP/USD: Hold SHORT at 1.5170, TAKE PROFIT 1.4960...
Forex Analytics
GBP/USD: weekly wave analysis
29 November 2015
Daily. After finishing correction [ii], we saw the price’s rapid decline, which will continue in the coming weeks. Let’s review the pair’s layout in greater detail.
H4. The pair finished building correction (ii), after which it...
Forex Analytics
USD/JPY: weekly wave analysis
29 November 2015
Weekly. The market keeps moving within the multiyear uptrend. At the moment the pair’s forming its final part – impulse (V). Let’s review its layout at Н4.
H4. Correction in the wave 4 looks finished. The pair’s currently forming...
Forex Analytics
AUD/USD: weekly wave analysis
29 November 2015
Daily. The pair keeps developing correction B, which is taking form of a double zigzag. At the moment the pair is forming the wave [y], so let’s review its layout in greater detail.
H4. The wave [Y], according to its form, is a...
Forex Analytics
US Dollar: forecast for Nov 30 - Dec 6
By Kira Iukhtenko
The coming December will likely be an intense month for the financial markets. The US Fed will hold its policy meeting on December 16 – an initial rate hike is very likely. These expectations create a strong bullish risk...
Forex Analytics
USD/JPY: forecast for Nov 30 - Dec 6
Elizabeth Belugina
During the past week USD/JPY was consolidative, but under pressure. The market’s risk sentiment was hit as Turkey shot down a Russian jet in Syria. There’s a defined short-term resistance on H4 which is currently in the...
Forex Analytics
EUR/USD: forecast for Nov 30 - Dec 6
Elizabeth Belugina
Traders await the meeting and the press conference of the European Central Bank on Thursday. EUR/USD found support in the psychologically important 1.0600 area as the expectations of additional monetary easing are largely...
Forex Analytics
GBP/USD: forecast for Nov 30 - Dec 6
By Kira Iukhtenko
As we expected last week, GBP/USD extended the downside and approached the 1.5000 mark. This is a strong support now – the price has already been here in early November. Decline could slow down here for a while, but we...
Forex Analytics
Danske Bank: trade signals for November 27
Open positions:
EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0766
USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19
GBP/USD: Hold SHORT at 1.5170, TAKE PROFIT 1.4960, STOP LOSS 1.5170 (revised)...
Forex Analytics
Forex trading plan for November 27
US dollar trading was rather calm at the thin market on Thursday. Friday can be another quiet day with no releases scheduled in American economic calendar.
EUR/USD closed above 1.0600 on Wednesday despite the speculation about the various...
Forex Analytics
Danske Bank: trade signals for November 26
Open positions:
EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0766 (revised)
USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19
GBP/USD: Hold SHORT at 1.5170, TAKE PROFIT 1.4960, STOP LOSS 1.5170...
Forex Analytics
Aussie correcting
26 November 2015
Tatiana Norkina, FBS analyst
The Australian dollar corrected to the Tenkan and Kijun lines yesterday, having recovered to the 0.7280 mark before – this is a new high this November. The market is supported by the Kijun line at 0.7220 today. The...
Forex Analytics
USD/JPY trading inside cloud
26 November 2015
Tatiana Norkina, FBS analyst
The USD/JPY currency pair keeps correcting within the lateral movement that began two weeks ago. The pair is still holding above the 122.30/40 support but now it is happening inside the four-hour...
Forex Analytics
Forex trading plan for November 26
By Kira Iukhtenko
As we expected, the US Dollar gained some ground since the beginning of the week: USD index has finally breached above 100 points. Expecations for a rate hike are growing very quickly, it has already reached 78% on the...
Forex Analytics
AUD/CAD: buy target - 0.9750
25 November 2015
By: Dmitriy Chernovolov
AUD/CAD reached buy target 0.9650
Next buy target - 0.9750
AUD/CAD continues to rise strongly – following the earlier breakout of the resistance level 0.9650, which was set in our previous report as the buy...
Forex Analytics
GBP/AUD: sell target - 2.0600
25 November 2015
By: Dmitriy Chernovolov
GBP/AUD broke pivotal support level 2.0860
Next sell target - 2.0600
GBP/AUD recently broke below the pivotal support level 2.0860 (which reversed previous waves (iv), (4) and (A), as you can see from the...