Forex Analytics
Danske Bank: trade signals for October 23
Open positions:
AUD/USD: Hold SHORT at 0.7217, TAKE PROFIT 0.7002, STOP LOSS 0.7312
USD/CAD: Hold LONG at 1.2970, TAKE PROFIT 1.3218, STOP LOSS 1.2930
EUR/GBP: Hold SHORT at 0.7335, TAKE PROFIT 0.7197, STOP LOSS 0.7335 (revised)...
Forex Analytics
US Dollar: forecast for October 25-30
23 October 2015
By Kira Iukhtenko
Last week the US dollar has recovered some ground after the ECB meeting on Thursday. Dovish Mario Draghi’s comments pushed the US Dollar index to the resistance of the “autumn” sideways channel at 96.50. It...
Forex Analytics
EUR/AUD: sell targets - 1.5200 and 1.5100
23 October 2015
By: Dmitriy Chernovolov
EUR/AUD broke support levels 1.5430 and 1.5320
Next sell targets - 1.5200 and 1.5100
EUR/AUD continues to fall strongly inside the active minor impulse wave 3 (which recently reversed down twice...
Forex Analytics
Forex trading plan for October 23
By Elizabeth Belugina
The euro slumped on dovish comments of the ECB’s president Mario Draghi on Thursday. Draghi said that the ECB would keep conducting quantitative easing (QE) until September 2016 or longer if necessary. According to...
Forex Analytics
Danske Bank: trade signals for October 22
Open positions:*
EUR/USD: Hold LONG at 1.1350, TAKE PROFIT 1.1495, STOP LOSS 1.1290
USD/JPY: Hold LONG at 119.60, TAKE PROFIT 120.57, STOP LOSS 119.12
USD/CAD: Hold LONG at 1.2970, TAKE PROFIT 1.3177, STOP LOSS 1.2870
EUR/JPY: Hold...
Forex Analytics
AUD/USD: sell target - 0.7100
22 October 2015
By: Dmitriy Chernovolov
AUD/USD falling inside intermediate impulse wave (5)
Next sell target - 0.7100
AUD/USD recently reversed down sharply from the resistance level 0.7400, which was set as the buy target in our previous...
Forex Analytics
GBP/AUD: buy target - 2.1600
22 October 2015
By: Dmitriy Chernovolov
GBP/AUD reached buy target 2.1400
Next buy target - 2.1600
GBP/AUD continues to rise after the price recently broke above the resistance level 2.1400, which was set in our previous forecast as the buy target...
Forex Analytics
Trading plan for October 22
By Kira Iukhtenko
All the commodity assets traded under pressure on Wednesday. Brent price slipped below 48 dollars per barrel, approaching the local 47 support (September lows). Meanwhile, Bank of Canada left monetary policy unchanged, but lowered...
Forex Analytics
Danske Bank: trade signals for October 21
Open positions:*
EUR/USD: Hold LONG at 1.1350, TAKE PROFIT 1.1495, STOP LOSS 1.1290
USD/JPY: Hold LONG at 119.60, TAKE PROFIT 120.57, STOP LOSS 119.12
USD/CHF: Hold SHORT at 0.9540, TAKE PROFIT 0.9302, STOP LOSS 0.9601 (revised)...
Forex Analytics
USD/JPY: buy target - 121.00
21 October 2015
By: Dmitriy Chernovolov
USD/JPY reversed from pivotal support level 118.60
Next buy target - 121.00
USD/JPY continues to rise inside the 3rd minor impulse wave – which started previously – when the pair reversed up sharply from the...
Forex Analytics
AUD/NZD: buy target - 1.0850
21 October 2015
By: Dmitriy Chernovolov
AUD/NZD reached sell target 1.0700
Next buy target - 1.0850
AUD/NZD recently reversed up sharply from the support zone (which also previously reversed the second intermediate wave (2) in May) lying between...
Forex Analytics
Trading plan for October 21
By Kira Iukhtenko
Forex economic calendar on Wednesday, October 21, is rather light. Pay special attention to the Bank of Canada meeting. Interest rate is expected to be left at 0.5%. However, the press-conference could bring a bunch of negative...
Forex Analytics
Danske Bank: trade signals for Oct 20
Open positions:*
USD/CHF: Hold SHORT at 0.9540, TAKE PROFIT 0.9302, STOP LOSS 0.9601
EUR/JPY: Hold SHORT at 135.60, TAKE PROFIT 133.44, STOP LOSS 136.10
EUR/CAD: Hold SHORT at 1.4715, TAKE PROFIT 1.4387, STOP LOSS 1.4855
GBP/JPY: Hold...
Forex Analytics
GOLD: weekly wave analysis
20 October 2015
Daily. The pair keeps forming the final part of the long sloping triangle. We see the development of the bullish zigzag [E]. The pair is currently forming the end of this wave.
H4. The market is forming the final upwards impulse (C)...
Forex Analytics
EUR/JPY: weekly wave analysis
20 October 2015
Roman Petuchov
Weekly. Beginning part of the new bullish impulse [3] is now being formed. Let's see the markup on the H4 chart.
H4. After the end of the bullish impulse , we've seen a decline in a new corrective wave [ii]. It will...
Forex Analytics
Forex trading plan for October 20
By Elizabeth Belugina
The market’s risk sentiment was influenced by China. The nation’s Q3 GDP growth slowed down from 7% to 6.9%, the lowest reading since 2009, though slightly above expectations of 6.8%. China’s industrial production growth...
Forex Analytics
USD/JPY: forecast for October 19-25
By Elizabeth Belugina
During the past week USD/JPY tested lower levels in the 118.05 area. It happened as traders pulled the expectations of the Federal Reserve’s rate hike further into future. Thus, the greenback lost its main bullish...
Forex Analytics
EUR/USD: forecast for October 19-25
By Elizabeth Belugina
In line with our expectations, the euro continued going up after it had broken above August-September resistance line. The European currency was supported by the market’s negative risk sentiment and weaker-than-expected...
Forex Analytics
US Dollar: forecast for October 19-25
Kira Iukhtenko
New week on the financial markets started with a bunch of Chinese releases. China’s economy rose more than expected in Q3, lowering uncertainty and leaving space for a Fed’s rate hike in 2015.
In our view view, the US...