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Forex Analytics Forex trading plan for May 20 EUR/USD slid below the 100-day MA at 1.1175. Support lies at 1.1100, 1.1050 and 1.1000. The pair was under attack from both sides: the euro was weakened by the comments of the ECB board member about the asset purchases in May and June and bad...

Forex Analytics EUR/GBP: sell targets – 0.7130 and 0.7100 19 May 2015 By: Dima Chernovolov -EUR/GBP reached the sell target 0.7200 -Next sell targets – 0.7130 and 0.7100 EUR/GBP recently reached the sell target 0.7200 which was set in our previous forecast for this pair. After reaching this...

Forex Analytics EUR/USD: clouds on the European sky 19 May 2015 EUR/USD slipped to 1.1160 on the expectations of the weak German ZEW economic sentiment index. The expectations were right: the index came out at 41.9 in May vs, the forecast of 48.8 and 53.3 in April. Another bearish factor for...

Forex Analytics GBP/CAD: buy targets - 1.9150 and 1.9400 19 May 2015 By: Dima Chernovolov -GBP/CAD reached buy target 1.9000 -Next buy targets - 1.9150 and 1.9400 GBP/CAD continues to rise after the pair earlier broke above the round resistance level 1.9000 - which was set as the buy target...

Forex Analytics Forex trading plan for May 19 The US dollar weakened last week as the series of worse than expected economic data from the US continued. At the beginning of the new week American currency experienced some correction. EUR/USD slid to 1.1380 after it had found resistance at...

Forex Analytics GBP/NZD: buy target - 2.1400 18 May 2015 By: Dima Chernovolov -GBP/NZD reached buy targets 2.0930 and 2.1050 -Next buy target - 2.1400 GBP/NZD has been rising sharply in the last few trading sessions – breaking through the two resistance levels 2.0930 and 2.1050, - both of...

Forex Analytics NZD/CAD: sell target – 0.8900 18 May 2015 By: Dima Chernovolov -NZD/CAD reversed from resistance zone -Next sell target – 0.8900 NZD/CAD recently reversed down sharply from the resistance zone lying between the resistance level 0.9030 (former strong support level which...

MARKET NEWS US dollar edged a bit higher 18 May 2015 US dollar rose a bit higher versus the major currencies on Monday, but remained not far from a 3-month low versus the euro after weak US economic data released last week increased expectations that the Federal Reserve will wait longer to...

Forex Analytics EUR/NZD: buy target - 1.5400 and 1.5600 15 May 2015 By: Dima Chernovolov -EUR/NZD reached buy target 1.5200 -Next buy target - 1.5400 and 1.5600 EUR/NZD has been rising in the last few trading sessions inside the second minor corrective wave 2, which started in the middle of...

Forex Analytics EUR/USD: buy target – 1.1600 15 May 2015 By: Dima Chernovolov -EUR/USD approached resistance level 1.1450 -Next buy target – 1.1600 EUR/USD recently reversed up from the support level 1.1125 (which is the upper boundary of the former resistance zone lying between price levels...

Forex Analytics Danske Bank: trade signals for May 15 Open positions:* EUR/USD: Hold LONG at 1.1230, TAKE PROFIT 1.1534, STOP LOSS 1.1275 GBP/USD: Hold LONG at 1.5655, TAKE PROFIT 1.5945, STOP LOSS 1.5600 USD/CHF: Hold SHORT at 0.9135, TAKE PROFIT 0.8936, STOP LOSS 0.9215 AUD/USD: Hold...

Forex Analytics Forex trading plan for May 15 Data released in the US on Thursday was mixed: the unemployment claims turned out to be better than expected, but producer prices unexpectedly contracted. The latter will add to the expectations that the Federal Reserve will start raising interest...

Forex Analytics AUD/JPY: buy target - 98.30 14 May 2015 By: Dima Chernovolov -AUD/JPY broke resistance levels 94.50 and 96.00 -Next buy target - 98.30 AUD/JPY has been rising steadily in the last few trading sessions – following the breakout of the resistance level 94.50 (top of the previous...

Forex Analytics USD/CHF: sell target – 0.9060 14 May 2015 By: Dima Chernovolov -USD/CHF reversed from resistance level 0.9350 -Next sell target – 0.9060 USD/CHF recently reversed sharply down from the resistance level 0.9350 (coinciding with the 38.2% Fibonacci Correction of the previous...

Forex Analytics EUR/USD has good support 14 May 2015 By Elizaveta Belugina EUR/USD continues conquering new highs as it is testing levels above 1.1400. A day's close above last week’s high at 1.1390 is needed to open the way for future gains in the euro. Near-term support is at 1.1290. The...

MARKET NEWS Key option levels 14 May 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 most...

Forex Analytics Trading plan for May 14 EUR/USD rose above 1.1300. Initially the single currency was affected by a bit lower than expected euro area’s economic growth in Q1 (0.4% vs. forecast of 0.5%) and a decline in the region’s industrial production, but then the US released weak retail...

Forex Analytics Danske Bank: trade signals for May 13 Open positions:* EUR/JPY: Hold LONG at 134.25, TAKE PROFIT 136.70, STOP LOSS 133.09 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7320 EUR/CHF: Hold LONG at 1.0395, TAKE PROFIT 1.0546, STOP LOSS 1.0345 GBP/JPY: Hold...

Forex Analytics Trading plan for May 13 Kira Iukhtenko The US dollar got some support from the April labor market data released on Friday (US NFP came at 223K, while unemployment declined to 5.4%). However, it is not enough to reverse the current bearish USD trend. The market will watch the...

Forex Analytics GBP/USD: buy target - 1.5800 12 May 2015 By: Dima Chernovolov -GBP/USD reached buy target 1.5520 -Next buy target - 1.5800 GBP/USD yesterday broke sharply above the strong resistance level 1.5520 (the top of the previous intermediate correction (4), which was set as the buy...