EUR/USD: Candlestick analysis || 05-03-2016

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By :Galina Svetlova</span></strong></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="EUR/USD: candlestick analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/4/0403eurusdH4.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">There's a bullish “<b>Hammer</b>” at the last low. At the same time, we’ve got a “<b>Shooting Star</b>” at the local high, which indicates a possible downward correction. However, it might be just a local decline with a bullish candle pattern at the end. If so, it’s likely to see a continue of the current upward correction. As we can see on the daily chart, a “High Wave” has been confirmed, so it’s another reason to see the market higher.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="EUR/USD: candlestick analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/4/0403eurusdH1.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">The “<b>Window</b>” has been broken and finally a “<b>Harami</b>” arrived at the last maximum. The last candles are bearish, so it’s likely that we’re going to see a decline towards the “Window”, which has been changed its role from a resistance into a support.</span></div>

EUR/USD: Candlestick analysis || 05-03-2016

By :Galina Svetlova There's a bullish “ Hammer ” at the last low. At the same time, we’ve got a “ Shooting Star ” at the local high...

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GBP/USD: Technical Analysis || 04-03-2016

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">Sergey Logachev</span></strong></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="GBP/USD: technical analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/4/4-3-2016-GBP-H4.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">There's a “<b>Triple Bottom</b>” pattern, which has been confirmed. Despite of a resistance at <b>1.4172</b>, it's likely that the upward movement will go on towards a resistance area near the downward channel. Only if we see a pullback from trend's upper side, the price might start to decline towards a support area between the levels <b>1.4148 </b>– <b>1.4078</b>.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="GBP/USD: technical analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/4/4-3-2016-GBP-H1.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">As we can see on the one-hour chart, here's an upward correction in progress. The price reached a resistance at <b>1.4167 </b>and started a consolidation afterwards. It's likely that the market will go higher to the lower side of resistance area at <b>1.4305</b>. Meanwhile, bears might come back and try to catch the pair on the support area between the levels <b>1.4152 </b>– <b>1.4106</b>. </span></div>

GBP/USD: Technical Analysis || 04-03-2016

Sergey Logachev There's a “ Triple Bottom ” pattern, which has been confirmed. Despite of a resistance at 1.4172 , it's likely ...

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EUR/USD: Candlestick Analysis || 04-03-2016

<div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By: Galina Svetlova</span></strong></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="EUR/USD: candlestick analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/3/0303eurusdH4.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">There's a bullish “Hammer” at the last low. It’s likely that a local upward correction will go on in a range of previously formed “Window”, but bears could come back afterwards. As we can see on the daily chart, here’s a couple of “High wave” patterns, but a confirmation hasn't arrived yet, so the downward movement can go even lower in the short term.</span></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="EUR/USD: candlestick analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/3/0303eurusdH1.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">Let’s have a look at the one-hour chart. There’s a flat in progress under the “Window” resistance area. We've got an “<b>Engulfing Bullish</b>” and a “<b>Tweezers</b>” patterns, so it’s likely to see an upward movement towards the 34 Moving Average line.</span></div>

EUR/USD: Candlestick Analysis || 04-03-2016

By: Galina Svetlova There's a bullish “Hammer” at the last low. It’s likely that a local upward correction will go on in a range of...

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AUD/USD: Buy target - 0.7380 || 04-03-2016

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By: Dmitriy Chernovolov </span></span></strong></div> <ul style="background-color: white; color: #414141; line-height: 18px; list-style-type: circle; margin: 0px 0px 12px 30px; padding: 0px;"> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px;"><span style="font-family: inherit;"><b>AUD/USD reached buy target 0.7240</b></span></li> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px;"><span style="font-family: inherit;"><b>Next buy target - 0.7380</b></span></li> </ul> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">AUD/USD continues to rise after the earlier breakout of the resistance level 0.7240 (which stopped the previous impulse waves 1 and (i) and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 0.7240 accelerated the active impulse wave (iii) - which stared earlier - when the pair reversed up from the support zone lying between the support level 0.7100 and the 50% Fibonacci correction of the previous sharp minor impulse (i).</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">AUD/USD is likely to rise further toward the next buy target at the pivotal resistance level 0.7380 (which stopped the previous waves (a) and 4, as can be seen below).</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="" src="http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/Mar-03%20AUDUSD.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div>

AUD/USD: Buy target - 0.7380 || 04-03-2016

By: Dmitriy Chernovolov  AUD/USD reached buy target 0.7240 Next buy target - 0.7380 AUD/USD continues to rise after the earlier break...

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EUR/USD: Technical Analysis || 03-03-2016

<div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By: Sergey Logachev</span></strong></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="EUR/USD: technical analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/3/3-3-2016-EUR-H4.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">We’ve got a local downward trend on the four-hour chart. Yesterday the price was going up and down in a flat and finally reached a support at <b>1.0858</b>. It’s likely to see a bearish movement to a support at <b>1.0809</b>, but then the market might start rising towards a resistance at <b>1.0922</b>.</span></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="EUR/USD: technical analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/3/3-3-2016-EUR-H1.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="background-color: white; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">The pair has been found a support at <b>1.0834 </b>and a “<span style="font-size: large;"><b>V - Top</b></span>” pattern was formed afterwards, so the market had some reasons to start rising. It's likely that the price will go lower to a support at <b>1.0809</b>. However, bulls might come back and try to reach a resistance at the downward trend between the levels <b>1.0858 – 1.0880</b>.</span></div>

EUR/USD: Technical Analysis || 03-03-2016

By: Sergey Logachev We’ve got a local downward trend on the four-hour chart. Yesterday the price was going up and down in a flat and fi...

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GBP/USD: Technical Analysis || 03-03-2016

<br /> <div class="mt-10" style="-webkit-text-stroke-width: 0px; color: #414141; font-family: Arial; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 60px; orphans: auto; padding: 0px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px;"> </div> <br /> <div class="news cont-style" style="-webkit-text-stroke-width: 0px; color: #414141; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 18px; margin: 0px; orphans: auto; padding: 0px; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px;"> <div style="font-weight: normal; line-height: 1.5; margin: 0px 0px 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By: Sergey Logachev</span></strong></div> <div style="font-weight: normal; line-height: 1.5; margin: 0px 0px 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="GBP/USD: technical analysis" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/3/3-3-2016-GBP-H4.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div> <div style="font-weight: normal; line-height: 1.5; margin: 0px 0px 12px; padding: 0px;"> <span style="font-family: inherit;">The price has been rising since a “Triple Bottom” was formed at the last low. The local downward trend has been broken, so it’s likely to see a rise towards a resistance area between the levels 1.4148 – 1.4172. If we see a pullback from these levels, the market might start falling down towards a support between the levels 1.4042 – 1.3958. </span></div> <div style="font-weight: normal; line-height: 1.5; margin: 0px 0px 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="GBP/USD: technical analysis" height="400" src="http://fxbazooka.com/upload/freelance/tiny/technical/mar2016/3/3-3-2016-GBP-H1.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" width="610" /></span></div> <div style="line-height: 1.5; margin: 0px 0px 12px; padding: 0px;"> <span style="font-family: inherit;">There’s a consolidation in progress along the support <b>1.4078.</b> Previously, the local downward trend has been broken. It’s likely to see a bearish movement to a support area between the levels <b>1.4152 – 1.4167</b>. However, bulls might come back and try to reach a resistance area between the level 1.4018 and the <b>55 Moving Average line.</b></span></div> <div class="clear" style="clear: both; font-family: Arial; font-size: 12px; font-weight: normal; margin: 0px; padding: 0px;"> </div> </div>

GBP/USD: Technical Analysis || 03-03-2016

By: Sergey Logachev The price has been rising since a “Triple Bottom” was formed at the last low. The local downward trend has bee...

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EUR/USD: Forecast for Feb. 29 - Mar. 6

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By Elizabeth Belugina</span></strong></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;"><b>EUR/USD</b> made a breakthrough below 1.0960 on Friday (trend line support from December and 50% Fibo). German retail sales increased, but import prices fell – a sign of deflation pressure. Flash inflation figures for February also came out much weaker than expected. Core inflation for February was only 0.7% compared with 1% in January. It means that investors will expect more action from the European Central Bank – weak price growth allows the regulator to ease policy.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">The single currency will have to feel the pressure ahead of the ECB upcoming meeting next Thursday, March 10. Concerns about potential Brexit (Britain leaving the European Union) also affect the euro.  This week the euro area’s economic calendar will be light. No changes in the weak region’s final PMIs due on Tuesday are expected. Pay more attention to the US statistics, especially PMIs on Tuesday and Thursday and NFP on Friday.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">The pair closed the week below 55-week MA (1.1025). Technical picture has turned mildly bearish. The euro will likely slide to 1.0830 (61.8% Fibo) /1.0800. If the negative pressure strengthens, the next level to watch will be 1.0710. Resistance is at 1.1000 and 1.1050. The bulls have to push the price above the latter in order to return the lost powers.  </span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="" src="http://fxbazooka.com/upload/tiny/Analytics/2016/02-February/25/EURUSDDaily.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div>

EUR/USD: Forecast for Feb. 29 - Mar. 6

By Elizabeth Belugina EUR/USD made a breakthrough below 1.0960 on Friday (trend line support from December and 50% Fibo). German retail ...

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AUD/JPY: Sell targets 80.00 and 79.00 || 01-03-2016

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <strong style="margin: 0px; padding: 0px;"><span style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By: Dmitriy Chernovolov</span></span></strong></div> <ul style="background-color: white; line-height: 18px; list-style-type: circle; margin: 0px 0px 12px 30px; padding: 0px;"> <li style="color: #414141; line-height: 1.5; margin: 0px 0px 4px; padding: 0px;"><span style="font-family: inherit;"><b>AUD/JPY</b> reversed from resistance zone</span></li> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px;"><span style="font-family: inherit;"><span style="color: #414141;">Next </span><b><span style="color: red; font-size: large;">sell </span></b><span style="color: #414141;">targets 80.00 and 79.00</span></span></li> </ul> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">AUD/JPY recently reversed down from the resistance zone lying between the resistance level 82.00 (which has been reversing the price from February, as can be seen below) and the 50% Fibonacci correction of the previous sharp downward impulse from the end of January. The downward reversal from the aforementioned resistance zone continues the active impulse wave 3 – which belongs to the intermediate downward impulse wave (3) from last May.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">AUD/JPY is set to fall further to the next sell target at the support level 80.00 – the breakout of which can lead to further losses toward 79.00.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="" src="http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/Feb-29%201056%20AM%20AUDJPY%20-%20Primary%20Analysis.png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div>

AUD/JPY: Sell targets 80.00 and 79.00 || 01-03-2016

By: Dmitriy Chernovolov AUD/JPY reversed from resistance zone Next sell targets 80.00 and 79.00 AUD/JPY recently reversed down from ...

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NZD/JPY: buy targets - 76.80 and 78.00 || 27/02/2016

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="margin: 0px; padding: 0px;"><span style="margin: 0px; padding: 0px;"><span style="font-family: inherit; font-size: large;"><b>By: Dmitriy Chernovolov </b></span></span></span></div> <ul style="background-color: white; color: #414141; line-height: 18px; list-style-type: circle; margin: 0px 0px 12px 30px; padding: 0px;"> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px;"><span style="font-family: inherit;">N<b>ZD/JPY</b> reversed from strong support zone</span></li> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px;"><span style="font-family: inherit;">Next buy targets - <b>76.80 </b>and <b>78.00</b></span></li> </ul> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;"><b>NZD/JPY</b> recently reversed up sharply from the strong support zone lying between the support levels 74.40 and 73.20. This support zone earlier reversed the previous waves ①, (1) and 1, as can be seen from the daily NZD/JPY chart below. The upward reversal form this support zone created the daily Japanese candlesticks reversal pattern Morning Star – the middle candle of which is also the Japanese candlesticks reversal pattern – Hammer.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px;"> <span style="font-family: inherit;">Given the strength of the aforementioned support zone - NZD/JPY is likely to rise further from the current levels toward the next buy targets at the resistance levels 76.80 and 78.00.</span></div> <div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> <span style="font-family: inherit;"><img alt="" src="http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/NZDJPY%20-%20Primary%20Analysis%20-%20Feb-26%201005%20AM%20(1%20day).png" style="border: none; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></span></div>

NZD/JPY: buy targets - 76.80 and 78.00 || 27/02/2016

By: Dmitriy Chernovolov  N ZD/JPY reversed from strong support zone Next buy targets - 76.80 and 78.00 NZD/JPY recently reversed up...

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GBP/NZD: sell target 2.0500 || 27/02/2016

<div style="background-color: white; color: #414141; line-height: 1.5; margin-bottom: 12px; padding: 0px; text-align: center;"> </div> <div style="text-align: left;"> <strong style="line-height: 1.5; margin: 0px; padding: 0px;"><span style="margin: 0px; padding: 0px;"><span style="font-family: inherit;">By: Dmitriy Chernovolov</span></span></strong></div> <ul style="background-color: white; color: #414141; line-height: 18px; list-style-type: circle; margin: 0px 0px 12px 30px; padding: 0px;"> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px; text-align: left;"><span style="font-family: inherit;">GBP/NZD reached sell target 2.1000</span></li> </ul> <ul style="background-color: white; color: #414141; line-height: 18px; list-style-type: circle; margin: 0px 0px 12px 30px; padding: 0px;"> <li style="line-height: 1.5; margin: 0px 0px 4px; padding: 0px; text-align: left;"><span style="font-family: inherit;">Next sell target 2.0500</span></li> </ul> <span style="font-family: inherit;"><div style="text-align: left;"> <span style="font-family: inherit; line-height: 1.5;"><b>GBP/NZD</b> recently broke below the support level 2.1000, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level continues the sharp minor impulse wave 3, which belongs to the intermediate impulse wave (3) of the primary downward impulse wave ③ from last November, as can be seen from the daily GBP/NZD chart below.</span></div> <div style="text-align: left;"> <span style="font-family: inherit; line-height: 1.5;"><br /></span></div> </span><span style="font-family: inherit;"><div style="text-align: left;"> <span style="font-family: inherit; line-height: 1.5;"><b>GBP/NZD</b> is expected to fall further in the three active impulse waves 3, (3) and ③ toward the next sell target at the support level 2.0500 (target price calculated for the completion of impulse wave (3)). Sell stop-loss can be placed above the recently-broken price level 2.1000.</span></div> <div style="text-align: left;"> <span style="font-family: inherit; line-height: 1.5;"><br /></span></div> </span><span style="font-family: inherit;"><div style="text-align: center;"> <img alt="" src="http://fxbazooka.com/upload/freelance/tiny/DIMA%20CHE/GBPNZD%20-%20Primary%20Analysis%20-%20Feb-26%201007%20AM%20(1%20day).png" style="border: none; font-family: inherit; line-height: 1.5; margin: 0px 0px 13px 4px; max-width: 100%; padding: 0px;" /></div> </span>

GBP/NZD: sell target 2.0500 || 27/02/2016

By: Dmitriy Chernovolov GBP/NZD reached sell target 2.1000 Next sell target 2.0500 GBP/NZD recently broke below the support leve...

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