Forex Analytics
Danske Bank: trade signals for August 12
Open positions:
USD/JPY: Hold LONG at 124.10, TAKE PROFIT 125.86, STOP LOSS 124.678 (revised)
USD/CHF: Hold LONG at 0.9665, TAKE PROFIT 1.0010 (revised), STOP LOSS 0.9790
EUR/CHF: Hold LONG at 1.0635, TAKE PROFIT 1.1002 (revised)...
Forex Analytics
Forex trading plan for August 12
By Elizabeth Belugina
US dollar was supported on Tuesday by the decision of the People’s Bank of China to devalue the yuan. Chinese central bank has given a new boost to the global currency wars. The news is most negative for the commodity...
Forex Analytics
Aussie losing ground
11 August 2015
Tatiana Norkina, FBS analyst
The AUD/USD currency pair has failed to keep in the positive area. During today's Asian session, the pair dropped sharply after the Chinese data release, losing by over a figure. At the moment, trades are carried...
Forex Analytics
Dollar strengthening against Yen
11 August 2015
Tatiana Norkina, FBS analyst
The USD/JPY currency pair consolidated above the four-hour Tenkan and Kijun lines support, 124.60, yesterday. Today, the pair is showing positive movement, recovering into the previous-week resistance...
Forex Analytics
GBP/AUD: buy target - 2.1400
11 August 2015
By: Dmitriy Chernovolov
-GBP/AUD reversed from support zone
-Next buy target - 2.1400
GBP/AUD continues to rise – after the recent sharp upward reversal from the strong support zone lying between the support level 2.0920 (which...
Forex Analytics
Forex trading plan for August 11
By Elizabeth Belugina
The US dollar is generally strong after Friday’s non-farm payrolls release. However, traders are selling the greenback versus the euro and the pound. It happens as the number of USD longs is very large, and some players...
Forex Analytics
GBP/USD: weekly wave analysis
11 August 2015
Daily. The downward Zigzag Y keeps developing. After the upside correction was over, the pair started moving in new bearish impulse [C].
H4. Correction (2) looks complete. After this wave we saw a small downward impulse 1. In the...
Forex Analytics
EUR/USD: weekly wave analysis
11 August 2015
Daily. The shape of the final wave area made it clear that the development of the corrective wave (4) is not over yet. This wave will likely take form of the protracted double Triple W-X-Y. The pair is currently forming the final...
Forex Analytics
AUD/CHF: buy target - 0.7400
7 August 2015
By: Dmitriy Chernovolov
-AUD/CHF rises inside minor ABC correction 4
-Next buy target - 0.7400
AUD/CHF continues to rise inside the minor ABC correction 4 – the (a) and the (c) waves of this ABC correction started earlier - when the...
Forex Analytics
EUR/CHF: buy target - 1.0800
7 August 2015
By: Dmitriy Chernovolov
-EUR/CHF broke resistance level 1.0690
-Next buy target - 1.0800
EUR/CHF continues to rise after the pair earlier broke through the resistance level 1.0690 (which reversed the price in March and July, as you...
Forex Analytics
Forex trading plan for August 7
By Elizabeth Belugina
US dollar remains strong vs. other major currencies. Traders are rather positive about the upcoming release of the American Non-Farm Payrolls (NFP) figures on Friday, at 12:30 GMT. Consensus forecast is that American...
Forex Analytics
Large banks: trading USD/JPY
6 August 2015
Open positions
Citi: Hold LONG from 124.80, TAKE PROFIT 128.50, STOP LOSS 122.95 (entered on August 5).
JP Morgan: Hold LONG from 124.37, TAKE PROFIT 129.00, STOP LOSS 121.35 (entered on August 5).
Danske Bank: Hold LONG from...
Forex Analytics
AUD/CAD: sell target - 0.9600
6 August 2015
By: Dmitriy Chernovolov
-AUD/CAD reached buy target 0.9750
-Next sell target - 0.9600
AUD/CAD recently reversed down after the price reached the resistance level 0.9750, which was set as the buy target in our previous forecast for...
MARKET NEWS
Key currency options
6 August 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 August 6
Kira Iukhtenko
The US Dollar index tested the July peak at 98.15 on Wednesday after the unexpectedly strong US non-manufacturing PMI index (10-year high of 60.3). ADP NFP disappointed, coming at 185K, but the market didn’t pay too much...
Forex Analytics
EUR/CAD: sell target - 1.4200
5 August 2015
By: Dmitriy Chernovolov
-EUR/CAD reversed from resistance zone
-Next sell target - 1.4200
EUR/CAD continues to decline after the recent downward reversal from the resistance zone near the strong resistance level 1.4480 (which also...
Forex Analytics
USD/CHF: buy targets - 0.9850 and 1.0080
5 August 2015
By: Dmitriy Chernovolov
-USD/CHF rises inside C-wave
-Next buy targets - 0.9850 and 1.0080
USD/CHF continues to rise inside the C-wave of the intermediate ABC correction (2) from the start of May. This C-wave earlier...
Forex Analytics
Large banks: trading USD/CAD
5 August 2015
Open positions
Societe Generale: Hold LONG from 1.3120, TAKE PROFIT 1.3400, STOP LOSS 1.3050 (entered on August 3).
Credit Suisse: Hold LONG from 1.2953, TAKE PROFIT 1.3324, STOP LOSS 1.2861 (entered on July 31).
JP Morgan: Hold...
Forex Analytics
Danske Bank: trade signals for August 5
Open positions:
EUR/USD: Hold SHORT at 1.0949, TAKE PROFIT 1.0809, STOP LOSS 1.0965 (revised)
USD/JPY: Hold LONG at 124.10, TAKE PROFIT 125.38, STOP LOSS 123.49
GBP/USD: Hold LONG at 1.5510, TAKE PROFIT 1.5701, STOP LOSS 1.5515...