Market news and trade recommendations by FBS

[riki143]

Forex Analytics
Danske Bank: trade signals for November 10

Open positions:*

EUR/USD: SELL at 1.0825, TAKE PROFIT 1.0571, STOP LOSS 1.0903

GBP/JPY: BUY at 184.25, TAKE PROFIT 190.00, STOP LOSS 183.65

NZD/USD: Possibly SELL

Trade ideas:

USD/JPY: Hold LONG at 123.22, TAKE PROFIT 125.28, STOP LOSS 122.62

GBP/USD: Hold SHORT at 1.5080, TAKE PROFIT 1.4857, STOP LOSS 1.5155

USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 (revised)

AUD/USD: Hold SHORT at 0.7065, TAKE PROFIT 0.6896, STOP LOSS 0.7136

USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3135 (revised)

EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised)

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7205

EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845

EUR/CAD: Hold SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4455

_____________________________________________________________________

*Danske Bank applies trailing stop orders (moved together with the price)

More:
https://www.fxbazooka.com/en/analitycs/show/7023

 

[riki143]

Forex Analytics
NZD/CAD: sell targets - 0.8600 and 0.8500
10 November 2015
By: Dmitriy Chernovolov

• NZD/CAD broke daily up channel
• Next sell targets - 0.8600 and 0.8500

NZD/CAD recently fell sharply - breaking through the support trendline of the daily up channel from September (which has enclosed the C-wave of the preceding intermediate ABC correction (B), which was recently stopped by the round resistance level 0.9000). The breakout of this up channel coincided with the breakout of the support level 0.8800 (former resistance level, which stopped wave 4 in August) – which intensified the bearish pressure on this currency pair.

NZD/CAD is likely to fall further inside the active waves 3 and (C) toward the next sell target at the support level 0.8600 - the breakout of which can lead to further losses toward 0.8500.

More:
https://www.fxbazooka.com/en/analitycs/show/7025

 

[riki143]

Forex Analytics
Trading plan for November 11

By Kira Iukhtenko


US Dollar extends the upside after a short-term pause on Monday. USD index returned to the Friday’s post-NFP high of 99.40 on Tuesday. We remain bullish for the USD this week. Watch the FOMC members’ comments on Thursday and the US October retail sales on Friday.

EUR/USD broke below the 1.0700 support and is actively declining. We target 1.0650 in the nearest future (trend support), small pullback from here could take place before a test of the 1.0500 target. Use all the rallies to go short. Divergence in expectations between the ECB and the Fed remains a strong bearish factor.

GBP/USD is a bit more stable on Tuesday due to the EUR/GBP decline. Cable has recovered above 1.5100 (early October lows) and stays calm ahead of the UK labor market data on Wednesday. Officials forecasts are upbeat, but the market reaction to any deviation could be very rude – remember the last week’s volatility. Resistance at 1.5200 is expected to limit the upside. We stay bearish though and target 1.5000 this week.

AUD/USD bounced back from 0.7200 and is testing the 0.7020 support as we write. Watch the Chinese figures tonight. Any disappointment will pull the Aussie down to our bearish target at 0.6900.

More:
https://www.fxbazooka.com/en/analitycs/show/7029

 

[riki143]

Forex Analytics
Danske Bank: trade signals for November 11

Open positions:*

EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835

USD/JPY: Hold LONG at 123.22, TAKE PROFIT 125.28, STOP LOSS 122.62

USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833 (revised)

AUD/USD: Hold SHORT at 0.7065, TAKE PROFIT 0.6896, STOP LOSS 0.7136

USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3190 (revised)

EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised)

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026;, STOP LOSS 0.7205

EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845

EUR/CAD: Hold SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4380 (revised)

Trade ideas:

GBP/JPY: BUY at 185.75, TAKE PROFIT 190.00, STOP LOSS 185.18

NZD/USD: Possibly BUY

GBP/USD: Possibly SELL

_______________________________________________________________

*Danske Bank applies trailing stop orders (moved together with the price)

More:
https://www.fxbazooka.com/en/analitycs/show/7033

 

[riki143]

Forex Analytics
GBP/CHF: buy target - 1.5400
11 November 2015
By: Dmitriy Chernovolov

• GBP/CHF reversed from pivotal support level 1.5100
• Next buy target - 1.5400

GBP/CHF recently reversed up sharply from the pivotal support level 1.5100 (former strong resistance level which reversed earlier waves (a) and (c) in September, acting as support now after it was broken by the previous wave 2, as can be seen below). The upward reversal from this support level created the daily Japanese candlesticks reversal pattern Hammer – increasing the likelihood of further gains of this currency pair in the coming trading sessions.

GBP/CHF is likely to rise further toward the next buy target at the strong resistance level 1.5400 (which stopped previous extended intermediate wave (B) in August).

More:
https://www.fxbazooka.com/en/analitycs/show/7034

 

[riki143]

Forex Analytics
EUR/GBP: sell target - 0.70400
11 November 2015
By: Dmitriy Chernovolov

• EUR/GBP falling inside intermediate impulse wave (3)
• Next sell target - 0.70400

EUR/GBP continues to fall inside the 3rd intermediate impulse wave (3), which is a part of the primary impulse wave ③ from the middle of October. The active impulse wave (3) started earlier this month – when the pair reversed down from the resistance zone lying between the resistance level 0.7200 (former support level which reversed previous (B)-wave in September) and the 38.2% Fibonacci correction of previous intermediate impulse wave (1).

EUR/GBP is likely to fall further inside the active impulse wave (3) toward the next sell target at the support level 0.70400 (which stopped previous impulse wave (1)).

More:
https://www.fxbazooka.com/en/analitycs/show/7035

 

[riki143]

Forex Analytics
Trading plan for November 12

Kira Iukhtenko



FX market volatility remains subdued on Wednesday as the US and Canadian markets are closed due to the Veteran’s day celebration. US Dollar Index holds above 99 points, but lacks momentum to extend the rally for now. What to expect on Thursday? In the United States, we’ll focus on the FOMC members speeches (Yellen, Evans, Dudley, Fisher). Expectations of the bullish retail sales report on Friday are expected to support the demand for the US currency.

EUR/USD found support at 1.0700 on Wednesday, but the rallies remain limited by 1.0740 as we write. We advise going short below 1.0720 and see the key resistance at 1.0780 (local high, trend line). ECB Head Mario Draghi is scheduled to deliver two speeches on Thursday – be ready for some monetary policy hints.

GBP/USD extends the recovery, approaching the 1.5200 mark om moxed labor market report (38.2% Fibo). Break higher could open the way to 1.5250 (50% Fibo), but we expect the current rally to be short-lived. US retail sales figures on Friday will likely pull the pair down towards the 1.5000 support.

USD/JPY is trading under slight bearish pressure, but the move reminds us of a technical correction. Major resistance lies at 125.30/80, while support is seen at 121.60 (resistance of the previous sideways channel).

AUD/USD tries to recover, but remains capped by 0.7080. Keep an eye on the Australian labor market data tonight – employment is expected to improve. Nevertheless, the 0.7100 mark remains a good level to sell the pair.

More:
https://www.fxbazooka.com/en/analitycs/show/7039

 

[riki143]

Forex Analytics
Danske Bank: trade signals for November 12

Open positions:*

EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0835

USD/JPY: Hold LONG at 123.22, TAKE PROFIT 125.28, STOP LOSS 122.62

USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0240, STOP LOSS 0.9833

AUD/USD: Hold SHORT at 0.7065, TAKE PROFIT 0.7136, STOP LOSS 0.7085/80

USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3190 (revised)

EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 133.45 (revised)

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7026, STOP LOSS 0.7205

EUR/CHF: Hold SHORT at 1.0825, TAKE PROFIT 1.0690, STOP LOSS 1.0845

EUR/CAD: Hold SHORT at 1.4355, TAKE PROFIT 1.4153, STOP LOSS 1.4380 (revised)

GBP/JPY: Hold LONG at 186.45, TAKE PROFIT 190.00, STOP LOSS 185.35

Trade ideas:

NZD/USD: BUY at 0.6525, TAKE PROFIT 0.6745, STOP LOSS 0.6451

GBP/USD: Possibly SELL

__________________________________________________________________

*Danske Bank applies trailing stop orders (moved together with the price)

More:
https://www.fxbazooka.com/en/analitycs/show/7046

 

[riki143]

Forex Analytics
EUR/AUD: sell targets - 1.5000 and 1.4800
12 November 2015
By: Dmitriy Chernovolov

• EUR/AUD reached sell targets 1.5200 and 1.5100
• Next sell targets - 1.5000 and 1.4800

EUR/AUD continues to fall after the recent breakout of the support zone lying between the support levels 1.5200 and 1.5100 – both of which were set in our previous forecast as the sell targets for this currency pair. The breakout of the support level 1.5100 coincided with the breakout of the 50% Fibonacci correction of the previous sharp intermediate corrective (A)-wave from the end of April (as you can see from the daily EUR/AUD chart below).

EUR/AUD is likely to fall further in the accelerated C-wave toward the next sell target at the round support level 1.5000 - the breakout of which can lead to further losses toward 1.4800.

More:
https://www.fxbazooka.com/en/analitycs/show/7047

 

[riki143]

Forex Analytics
AUD/NZD: buy target - 1.1000
12 November 2015
By: Dmitriy Chernovolov

• AUD/NZD reversed from support zone
• Next buy target - 1.1000

AUD/NZD has been rising sharply in the last few trading sessions inside the 3rd primary impulse wave ③, which started at the end of October - when the pair reversed up from the support zone lying between the pivotal support level 1.0500, the lower daily Bollinger Band and the 61.8% Fibonacci retracement of the preceding sharp upward impulse from April (as can be seen below). The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.

AUD/NZD is currently approaching the strong resistance level 1.0930 (former multi-month pivotal support level) – the breakout of which can lead to further gains toward 1.1000.

More:
https://www.fxbazooka.com/en/analitycs/show/7048