Forex Analytics
Forex trading plan for August 5
Kira Iukhtenko
Demand for the US Dollar remains limited after the last week’s downbeat figures. DXY index consolidated around 97.50 on Tuesday. However, we expect the bulls to return at the end of the week. On Wednesday the market will focus on...
Forex Analytics
GOLD: weekly wave analysis
4 August 2015
Roman Petuchov
Daily. The market is currently building the final part of a bearish impulse in a wave [D] of a triangle. When the wave [D] is fully complete, we'll see the market reversed in a new bullish wave [E].
H4. The bearish...
Forex Analytics
Danske Bank: trade signals for Aug 4
Trade ideas:
EUR/USD: SELL at 1.0949, TAKE PROFIT 1.0843, STOP LOSS 1.1015
USD/CAD: BUY at 1.3062, TAKE PROFIT 1.3337, STOP LOSS 1.2972
EUR/CHF: BUY at 1.0585, TAKE PROFIT 1.0690, STOP LOSS 1.0529
EUR/GBP: Look to SELL
EUR/CAD: Look to...
Forex Analytics
Forex trading plan for August 4
By Elizaveta Belugina
US dollar recovered some of its Friday losses. American personal spending growth slowed down to 0.2% in June, while the previous reading was revised down from 0.9% to 0.7%. US ISM manufacturing PMI also came out below...
Forex Analytics
EUR/USD: weekly wave analysis
1 August 2015
Daily. The market is moving within powerful and long downtrend, which was interrupted by the upwards corrective wave (4) for several months. When it ended, the pair continued moving down in a complex shape.
H4. The development of...
Forex Analytics
GBP/USD: weekly wave analysis
1 August 2015
Daily. The market keeps moving within the long downtrend. At the final part, there was an upward correction , after which the pair’s decline resumed.
H4. Last week the pair finished upside corrective wave (2). In the next few...
Forex Analytics
USD/JPY: weekly wave analysis
1 August 2015
Weekly. The market keeps moving up within the powerful multiyear uptrend, which is close to an end.
H4. Last week the pair ended correction [4]. After that, the prices resumed growth within another upward impulse [5]. The...
Forex Analytics
AUD/USD: weekly wave analysis
1 August 2015
Daily. The market keeps moving down within a strong downward Zigzag. The wave A of the Zigzag is likely over. If the assumption is correct, this week we will see the formation of the upward corrective wave B.
H4. We are seeing the...
Forex Analytics
EUR/USD: forecast for August 3-9
By Elizaveta Belugina
EUR/USD reversed down from the 1.1125/1100 area and fell to 1.0900. Will the single currency keep sliding?
During the past week, the negotiations on the third 85-billion-euro Greek bailout program have finally started...
Forex Analytics
GBP/USD: forecast for August 3-9
By Elizaveta Belugina
British pound is trying hard to fight US dollar’s strength.
GBP/USD was sticking to the 1.5550 area. The bears were not very active despite good news from the US. The reason is that like the Federal Reserve, the Bank of...
Forex Analytics
USD/JPY: forecast for August 3-9
By Elizaveta Belugina
USD/JPY dipped to the 123.00 area, but then recovered to 124.50. Is the pair capable of a strong break to the upside?
The expectations of the Federal Reserve’s rate hike drove the greenback up. However, traders are...
Forex Analytics
USD: forecast for August 3-9
By Elizaveta Belugina
Does the American currency have enough strength for further growth?
US dollar index (DXY)
During the past week, US dollar recovered after the initial dip. There were some minor changes in the Federal Reserve’s language...
Forex Analytics
Forex trading plan for July 31
By Elizaveta Belugina
US GDP came in a bit below expectations: in Q2 American economy rose by 2.3% (forecast +2.6%). US economic growth is high enough to show that the US economy has strengthened after the weaker Q1. GDP change in Q1 was revised...
MARKET NEWS
Key currency options
30 July 2015
FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is...
Forex Analytics
Forex trading plan for July 30
By Elizabeth Belugina
The Federal Reserve’s statement on Wednesday didn’t offer much information. Initially traders were a bit disappointed not to see a direct date of the first rate hike, but deep down no one actually expected the Fed to be so...
Forex Analytics
AUD/NZD: sell target - 1.0800
29 July 2015
By: Dmitriy Chernovolov
-AUD/NZD falls inside (c)-wave
-Next sell target - 1.0800
AUD/NZD has been falling strongly in the last few trading sessions inside the (c)-wave of the minor ABC correction B from the start of this month. This...
Forex Analytics
USD/JPY: buy targets - 124.30 and 125.50
29 July 2015
By: Dmitriy Chernovolov
-USD/JPY reversed from support zone
-Next buy targets - 124.30 and 125.50
USD/JPY continues to rise after the recent upward reversal from the support zone lying between the support level 123.00 and...
Forex Analytics
Forex trading plan for July 29
By Elizabeth Belugina
US dollar recovered on Wednesday, but didn’t fix above the mid-body of the previous bearish candle. CB сonsumer confidence came significantly below expectations (90.9 vs. 100.1). The FOMC meeting will definitely be the...
Forex Analytics
USD/JPY is being corrected in the cloud
28 July 2015
By Tatiana Norkina, FBS analyst
Bulls could not keep the exchange rate of the currency pair USD/JPY in the positive area. Negative attitudes appeared at the end of last week: the breakdown of the support of Ichimoku cloud...
Forex Analytics
GOLD: weekly wave analysis
28 July 2015
Daily. Gold continues developing within the sloping triangle within which we are seeing formation of the final part of the wave [D]. When this wave is complete, the market will start new upward correction [E]. Let’s analyze the chart in...