Market news and trade recommendations by FBS

[riki143]

Forex Analytics
US Dollar: forecast for Nov 30 - Dec 6

By Kira Iukhtenko

The coming December will likely be an intense month for the financial markets. The US Fed will hold its policy meeting on December 16 – an initial rate hike is very likely. These expectations create a strong bullish risk for the US currency. The USD index is hovering slightly below the March highs of 100 points.

The US economic calendar on the new week is busy. Currency market will likely react on every positive headline. Watch the Manufacturing PMI on Tuesday. On Wednesday, a range of the Fed’s officials will deliver their speeches. All the recent comments were bullish. On Thursday, the Fed’s chief Yellen will deliver a speech. On Friday, markets will focus on the November labor market report. The October data was highly positive, so there is potential for more bullish surprises. To sum up, the US dollar is a BUY on the coming week.

More:
https://fxbazooka.com/en/analitycs/show/7201

 

[riki143]

Forex Analytics
AUD/USD: weekly wave analysis
29 November 2015

Daily. The pair keeps developing correction B, which is taking form of a double zigzag. At the moment the pair is forming the wave [y], so let’s review its layout in greater detail.

H4. The wave [Y], according to its form, is a double zigzag. As a result, correction (x) will be complete in the coming 5 days, as shown on the chart. Then the advance will resume.

More:
https://fxbazooka.com/en/analitycs/show/7215

 

[riki143]

Forex Analytics
USD/JPY: weekly wave analysis
29 November 2015

Weekly. The market keeps moving within the multiyear uptrend. At the moment the pair’s forming its final part – impulse (V). Let’s review its layout at Н4.

H4. Correction in the wave 4 looks finished. The pair’s currently forming the beginning of the wave 5. As a result, we expect the pair’s growth at the new week.

More:
https://fxbazooka.com/en/analitycs/show/7214

 

[riki143]

Forex Analytics
GBP/USD: weekly wave analysis
29 November 2015

Daily. After finishing correction [ii], we saw the price’s rapid decline, which will continue in the coming weeks. Let’s review the pair’s layout in greater detail.

H4. The pair finished building correction (ii), after which it started developing downside impulse (iii). At the new week we expect the pair to decline as shown at the chart.

More:
https://fxbazooka.com/en/analitycs/show/7213

 

[riki143]

Forex Analytics
Danske Bank: trade signals for November 30
30 November 2015

Open positions:

EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0766 (revised)

USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19

GBP/USD: Hold SHORT at 1.5170, TAKE PROFIT 1.4960 (revised), STOP LOSS 1.5165

USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0466 (revised), STOP LOSS 1.0195

AUD/USD: Hold LONG at 0.7125, TAKE PROFIT 0.7382, STOP LOSS 0.7149

USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3557 (revised), STOP LOSS 1.3270 (revised)

EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 131.11 (revised)

EUR/CHF: Hold LONG at 1.0830, TAKE PROFIT 1.1050 (revised), STOP LOSS 1.0805

EUR/CAD: Hold SHORT at 1.4285, TAKE PROFIT 1.3993, STOP LOSS 1.4215 (revised)

GBP/JPY: Hold LONG at 185.15, TAKE PROFIT 188.81, STOP LOSS 184.15

Trade ideas:

EUR/GBP: SELL at 0.7065, TAKE PROFIT 0.6936, STOP LOSS 0.7115

NZD/USD: Look to SELL

_________________________________________________________________

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

More:
https://fxbazooka.com/en/analitycs/show/7222

 

[riki143]

Forex Analytics

Pound updated lows
30 November 2015

Tatiana Norkina, FBS analyst

The British currency keeps losing against the American. The GBP/USD currency pair has updated November lows this morning, sliding to the 1.5014 mark at the trading opening. The downward trend is obvious to continue in the future since all Ichimoku indicator lines are set to fall. The dead cross formed by the Tenkan and Kijun lines at the beginning of the previous week is active. The Ichimoku cloud is expanding downwards. Short-term recoveries into the 1.5050 area are possible.

Technical levels: support – 1.5000, 1.5010; resistance – 1.5050, 1.5070.

Trade recommendations:

1. Sell— 1.5050; SL — 1.5070; TP1 — 1.5000; TP2 — 1.4970.

More:
https://fxbazooka.com/en/analitycs/show/7218

 

[riki143]

Forex Analytics

EUR/USD: weekly wave analysis
29 November 2015

Daily. After the market finished correction (4), we saw the development of a new downtrend impulse (5). At the moment this wave is at the final stage of development. Let’s view its structure at Н4.

H4. The wave 3 ended with a finishing diagonal triangle. We’ll likely see formation of the upward correction 4 at the new week. As a result, we recommend considering longs at the beginning of the new week.

More:
https://fxbazooka.com/en/analitycs/show/7212

 

[riki143]

Forex Analytics
Euro remains under pressure
30 November 2015

Tatiana Norkina, FBS analyst

EUR/USD continues moving downwards. After a clear rebound from the horizontal Kijun-sen line on Friday, the pair as well consolidated below the Tenkan line. The lines themselves, in turn, have formed another dead cross, confirming the bearish sentiment of market participants. It is obvious to expect the minimums update in the near future, but sharp fall in unlikely to follow since the current levels contain a great number of support levels. In addition, the Chinkou Span line is in the zone of oversoldness on the higher timeframes.

Technical levels: support – 1.0560; resistance – 1.0600.

Trade recommendations: out of market.

More:
https://fxbazooka.com/en/analitycs/show/7217

 

[riki143]

Forex Analytics

Forex trading plan for December 1

Elizabeth Belugina



Pay attention to the bloc of Chinese data on Tuesday morning – the releases, especially Caixin manufacturing PMI, will be important for the market’s risk sentiment. The forecasts are rather well, though China’s manufacturing sector probably remained in bad shape. During American session watch ISM Manufacturing PMI (forecast is positive): this release is an important gauge of the US economy.

EUR/USD remained under pressure ahead of the European Central Bank’s meeting on Thursday as the regulator will likely expand QE and/or cut the deposit rate. German retail sales and Italian CPI fell both by 0.4% on Monday. German inflation came in line with expectations. At the same time, the recent lows haven’t been confirmed by daily RSI. Traders are cautious waiting for the events of the second part of the week. Support is at 1.9565, 1.0520/00 and 1.0480. Resistance is in the 1.0650 area.

GBP/USD visited levels below 1.5000. Strong support is located in the 1.5000/4980 area. Failure here will lead to a much deeper decline. Resistance is at 1.5050, 1.5100 and 1.5150. The Bank of England will release bank stress tests results and the BOE financial stability report. The regulator may ask commercial banks to increase reserves in case of economic problems. Such step may be viewed as a type of monetary tightening. Governor Mark Carney will speak at 09:00 GMT.

USD/JPY is trying to fix above 123.00. The short-term technical outlook has improved. Next resistance levels are at 123.60 and 124.00. Support is at 122.50 and 122.20. Focus on the market’s risk sentiment and the US data releases.

AUD/USD tested 0.7170, but then turned up to 0.7200. The Reserve Bank of Australia is expected to keep rates unchanged early on Tuesday. However, taking into account the deep decline in commodity prices (in particular, iron ore), the RBA can alter its statement to bit a more dovish one. Supportisat 0.7150. Resistanceliesinthe 0.7240/50 area.

More:
https://fxbazooka.com/en/analitycs/show/7227

 

[riki143]

Forex Analytics
Danske Bank: trade ideas for December 1

Open positions:

EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0691 (revised)

USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19

GBP/USD: Hold SHORT at 1.5170, TAKE PROFIT 1.4960, STOP LOSS 1.5140 (revised)

USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0466, STOP LOSS 1.0195

AUD/USD: Hold LONG at 0.7125, TAKE PROFIT 0.7382, STOP LOSS 0.7149

USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3557, STOP LOSS 1.3270 (revised)

EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 131.11 (revised)

EUR/CHF: Hold LONG at 1.0830, TAKE PROFIT 1.1050, STOP LOSS 1.0805 (revised)

EUR/CAD: Hold SHORT at 1.4285, TAKE PROFIT 1.3993, STOP LOSS 1.4215 (revised)

GBP/JPY: Hold LONG at 185.15, TAKE PROFIT 188.81, STOP LOSS 184.15

Trade ideas:

EUR/GBP: REVISE SELL AT 0.7040, TAKE PROFIT 0.6936, STOP LOSS 0.7085 (revised)

NZD/USD: Possibly BUY

More:
https://fxbazooka.com/en/analitycs/show/7237