Forex Analytics
Forex trading plan for March 25
By Elizaveta Belugina
The strength of the US dollar has diminished after the Fed’s meeting last week and comments of the Deputy Governor Fisher. Yet, American inflation figures weren’t as bad as some feared. Core CPI, though low, was a bit...
Forex Analytics
GOLD: weekly wave analysis
24 March 2015
Weekly. Global corrective wave [4] is now being developped. The final part is now being built.
Daily. The price is now descending in a bearish impulse V of (c) of [IV]. Let's see the markup of the wave V.
H4. The bullish corrective...
Forex Analytics
Danske Bank: trade signals for Mar. 24
Open positions:*
USD/JPY: Hold LONG at 119.71, TAKE PROFIT 121.41, STOP LOSS 119.08
USD/CHF: Hold LONG at 0.9708, TAKE PROFIT 0.9984, STOP LOSS 0.9625
GBP/JPY: Hold SHORT at 179.00, TAKE PROFIT 175.50, STOP LOSS 180.20
Trade signals...
Forex Analytics
Forex trading plan for Mar. 24
By Kira Iukhtenko
US dollar opened the week under moderate bearish pressure following the last week's sharp selloff. On the past week USD index formed a strong bearish candle, but failed to form a "bearish engulfing". It confirms that the...
Forex Analytics
Danske Bank: trade signals for Mar. 23
Open positions:
USD/CAD: Hold LONG at 1.2640, TAKE PROFIT 1.2900, STOP LOSS 1.2505
EUR/JPY: Hold SHORT at 129.90, TAKE PROFIT 126.57, STOP LOSS 130.85
Trade signals:*
EUR/USD: SELL at 1.0939, TAKE PROFIT 1.0613, STOP LOSS 1.1040...
Forex Analytics
EUR/USD: forecast for March 23-29
By Elizaveta Belugina
The past week brought some correction to EUR/USD. The pair spiked from 1.06/1.07 to 1.1045. Such big move was the result of the fact that the euro is seriously oversold.
The force driving EUR/USD down has diminished on...
Forex Analytics
US Dollar: forecast for Mar. 23-29
By Kira Iukhtenko
Federal Reserve killed the US dollar rally on Wednesday, lowering economic forecasts and pointing to increased risks. Note that FOMC members’ forecasts for the Fed’s fund rate have been lowered significantly. They now expect...
Forex Analytics
USD/JPY: forecast for March 23-29
By Elizaveta Belugina
During the past week the advance of USD/JPY halted, and levels above the 122.00 handle were unattainable for the bulls. US dollar tested 119.30 before recovering above 120.50.
The pair was driven mainly by the news from...
Forex Analytics
GBP/USD: forecast for Mar. 23-29
By Kira Iukhtenko
Less hawkish than expected Federal Reserve failed to support the cable for long. On the weekly chart the pair formed a long-shadowed candle with a small body, but we are closing the week far below the prior 1.4800 support...
Forex Analytics
Forex trading plan for March 20
By Elizaveta Belugina
EUR/USD spiked to the downtrend resistance line connecting December highs and levels at the end of February in the area of 1.1045, but failed to sustain the advance. Retest of 1.0500 now looks quite likely. The market’s...
Forex Analytics
Large banks: what to expect from EUR/USD?
19 March 2015
Despite the change in Fed's forward guidance, the overall tone has become much softer. As a result, we've seen a strong wave of USD selling durring Yellen's press-conference: EUR/USD jumped to 1.1044. The majority of...
Forex Analytics
Danske Bank: trade signals for March 19
Open positions:
EUR/CHF: Hold SHORT at 1.0605, STOP LOSS 1.0685
EUR/CAD: Hold SHORT at 1.3735, TAKE PROFIT 1.3230, STOP LOSS 1.3835
NZD/USD: Hold LONG at 0.7365, TAKE PROFIT 0.7611, STOP LOSS 0.7310 (revised)
USD/JPY: Hold SHORT at...
MARKET NEWS
Key option levels
19 March 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
Forex trading plan for Mar. 19
By Kira Iukhtenko
US Dollar remains under slight bearish pressure on Wednesday ahead of the Fed's policy announcement. The Fed will likely change its policy statement, opening the way for a rate hike in June. However, we expect the greenback to...
Forex Analytics
Danske Bank: trade signals for March 18
Open positions*:
USD/JPY: Hold LONG at 118.90, TAKE PROFIT 122.62, STOP LOSS 120.59
GBP/USD: Hold SHORT at 1.4810, TAKE PROFIT 1.4646, STOP LOSS 1.4900
USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 1.0295, STOP LOSS 0.9908
USD/CAD: Hold...
Forex Analytics
GBP/USD: bears not resting
18 March 2015
Tatiana Norkina, FBS analyst
As expected, the currency pair tested the four-hour Tenkan-sen line resistance early this week, recovering to the 1.4850 mark. Here they were met by a strong resistance that did not allow them to fix inside...
Forex Analytics
EUR/USD: consolidation under cloud
18 March 2015
By Tatiana Norkina, FBS analyst
Taking hold above 1.0500, the currency pair is slowly trying to recover. Yesterday, the prices grew to the 1.0600 mark, breaking the resistance of the four-hour Tenkan-Sen and Kijun-sen lines...
Forex Analytics
Forex trading plan for March 18
EUR/USD rose above 1.0600. US dollar was affected by news that American housing starts fell by 17% in February. Resistance is at 1.0700 and 1.0830. Support is at 1.0570, 1.0500 and 1.0450 ahead of 1.0300. The focus is on the Federal Reserve’s...
Forex Analytics
Large banks: positioning on EUR/USD
Danske Bank: SELL LIMIT at 1.0655, TAKE PROFIT 1.0432, STOP LOSS 1.0727 (set on Mar. 17)
Credit Suisse holds SHORT from 1.0560, TAKE PROFIT 1.0000, STOP LOSS 1.0684 (entered on Mar. 16)
Morgan Stanley holds SHORT from 1.0650, TAKE PROFIT...
Forex Analytics
Danske Bank: trade signals for Mar. 17
Open positions*:
USD/JPY: Hold LONG at 118.90, TAKE PROFIT 122.62, STOP LOSS 120.59
GBP/USD: Hold SHORT at 1.4810, TAKE PROFIT 1.4646, STOP LOSS 1.4900
USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 1.0295, STOP LOSS 0.9908
EUR/GBP: Hold...