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Thread: ForexPeoples Daily Technical Analysis for The Majors (4 Pair Forex)

  1. #3761
    riki143 is offline Senior Member
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    AUD/USD: Aussie chooses south
    4/19/2017

    On the AUD/USD daily chart, the failure of the bulls to test the resistance at 0.7612 was a signal of their weakness. Quotes returned to support at 0.7523. If it is tested successfully, targets 127.2% and 161.8% in the "Crab" pattern will likely be implemented.



    On the AUD/USD hourly chart, quotes are moving within the downward trading channel. The bears remain their control over the pair. Positions of big buyers are located near the 0.7515 and 0.7485 marks. If the levels are tested successfully, the sellers might count on the restoration of the downtrend.



    More:
    https://new.fxbazooka.com/analytics/13100

  2. #3762
    riki143 is offline Senior Member
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    Gold prices took a break
    4/19/2017

    On the daily chart of gold, there is a desperate struggle for an important level $1,286. There is an intermediate 127.2% target in the AB = CD pattern. The bulls' win will lead to the continuation of the rally. In contrast, their defeat can lead to the development of the correction towards $1,260.



    On the hourly chart of gold, buyers need to test the upper border of the ledge in the "Splash and Ledge" pattern ($1,292). The drop of quotes below the support at $1,278 per ounce will activate the expanding wedge pattern and can potentially lead to the pullback towards $1,260.



    Recommendations: hold longs (BUY $1278 SL $1263 TP1 $1312 TP2 $1340),

    BUY 1260 SL 1245 TP 1300.

    More:
    https://new.fxbazooka.com/analytics/13101

  3. #3763
    riki143 is offline Senior Member
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    Key option levels for Wednesday, April 19th
    4/19/2017

    If you have any questions or requests fill out the feedback form.

    USD/JPY



    Main trend Short-term period Medium-term period
    Bullish Bearish
    Changes in the open interest + 3 438 ? + 1 055 ?
    Closest resistance levels 108.80; 109.21; 109.49; 109.83
    Closest support levels 108.05; 107.82; 107.63; 107.38
    Trading recommendations
    Baseline scenario Long USD/JPY above 108.80 or from 108.65, with target points at 109.21 and 109.49
    Alternative scenario Moving below 108.05 can be considered as a signal to Sell the pair, with target at 107.82 and 107.63


    USD/CAD



    Main trend Short-term period Medium-term period
    Bearish Bullish
    Changes in the open interest + 13 ? + 1 072 ?
    Closest resistance levels 1.3437; 1.3484; 1.3548; 1.3624
    Closest support levels 1.3405; 1.3376; 1.3335; 1.3308
    Trading recommendations
    Baseline scenario Short USD/CAD below 1.3405, with the target points at 1.3376 and 1.3335
    Alternative scenario Moving above 1.3437 can be considered as a signal to Buy the pair, with target at 1.3484 and 1.3548


    AUD/USD



    Main trend Short-term period Medium-term period
    Bearish Bearish
    Changes in the open interest + 0 + 9 ?
    Closest resistance levels 0.7538; 0.7564; 0.7588; 0.7608
    Closest support levels 0.7513; 0.7490; 0.7460; 0.7424
    Trading recommendations
    Baseline scenario Short AUD/USD below 0.7513 (or from 0.7538), with the target points at 0.7490 and 0.7460
    Alternative scenario Moving above 0.7538 can be considered as a signal to Buy the pair, with target at 0.7564 and 0.7588

    More:
    https://new.fxbazooka.com/analytics/13102

  4. #3764
    riki143 is offline Senior Member
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    USD/CAD: bears faced with the wedge
    4/20/2017

    On the USD/CAD daily chart, there was a false breakout of the lower border of the upward trading channel. The failure of the bears to keep quotes above the level of 1.3306 showed their weakness. If the bulls manage to test the diagonal resistance in the form of the upper border of the downward medium-term channel, there might be a continuation of the rally.



    On the USD/CAD hourly chart, the expanding wedge pattern was formed. A rollback of prices towards 23.8%, 38.2% and 50% levels of the 4-5 wave can be used for the opening of long positions. But first, the point 5 should be formed.



    Recommendations:

    BUY 1,3425 SL 1,337 TP 1,3575

    BUY 1,3385 SL 1,333 TP 1,357.

    More:
    https://new.fxbazooka.com/analytics/13104

  5. #3765
    riki143 is offline Senior Member
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    EUR/USD: bulls took a break
    4/20/2017

    On the EUR/USD daily chart, there was a rebound of quotes from the lower boundary of the medium-term rising channel with the subsequent breakout of the upper boundary of the short-term downward channel. Bulls managed to settle above the important level of 1.0695. As a result, an internal bar was formed. A breakout of its upper border near 1.0738 will create prerequisites for the continuation of the rally. In contrast, a successful test of the support at 1.0695 will allow bears to regain their control over the pair.



    On the EUR/USD hourly chart, the exit of quotes from the triangle followed by the activation of the inverted Shark pattern increased the risks of implementation of 88.6% target (1.087). But first, the bulls need to break the resistance at 1.0738.



    More:
    https://new.fxbazooka.com/analytics/13103

  6. #3766
    riki143 is offline Senior Member
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    Key option levels for Thursday, April 20th
    4/20/2017

    If you have any questions or requests fill out the feedback form.

    EUR/USD




    Main trend Short-term period Medium-term period
    Bearish Neutral
    Changes in the open interest + 66 285 ↑ + 210 054 ↑
    Closest resistance levels 1.0785; 1.0808; 1.0846; 1.0872
    Closest support levels 1.0738; 1.0688; 1.0651; 1.0603
    Trading recommendations
    Baseline scenario Short EUR/USD below 1.0738 or from 1.0785, with target points at 1.0688 and 1.0651
    Alternative scenario Moving above 1.0785 can be considered as a signal to Buy the pair, with target at 1.0808 and 1.0846




    USD/JPY



    Main trend Short-term period Medium-term period
    Neutral Bearish
    Changes in the open interest + 65 ↑ + 105 ↑
    Closest resistance levels 109.33; 109.58; 109.89; 110.27
    Closest support levels 108.96; 108.45; 108.08; 107.86
    Trading recommendations
    Baseline scenario Short USD/JPY below 108.96, with target points at 108.45 and 108.08
    Alternative scenario Moving above 109.33 can be considered as a signal to Buy the pair, with target at 109.58 and 109.89


    AUD/USD



    Main trend Short-term period Medium-term period
    Bearish Bearish
    Changes in the open interest + 92 ↑ + 120 ↑
    Closest resistance levels 0.7531; 0.7552; 0.7581; 0.7617
    Closest support levels 0.7516; 0.7485; 0.7458; 0.7437
    Trading recommendations
    Baseline scenario Short AUD/USD below 0.7516, with the target points at 0.7485 and 0.7458
    Alternative scenario Moving above 0.7531 can be considered as a signal to Buy the pair, with target at 0.7552 and 0.7581

    More:
    https://new.fxbazooka.com/analytics/13105

  7. #3767
    riki143 is offline Senior Member
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    GBP/USD: pound drew an inner bar
    4/21/2017

    On the GBP/USD daily chart, there is a consolidation after a sudden rebound. After a bar with a wide range, two inner bars were formed. These are the boundaries of the trading range of 1.277-1.286. A breakout of the support will increase the risks of the correction towards 1.272 and 1.259. A successful test of the resistance will lead to the continuation of the rally.



    On the GBP/USD hourly chart, the "Splash and ledge" pattern and triangle were formed. A breakout of the borders of the triangle and exit of quotes from the consolidation range of 1.277-1.285 will allow us to determine a further movement of the pair.



    Recommendations:

    SELL 1,277 SL 1,2825 TP 1,26,

    BUY 1,285 SL 1,2795 TP 1,305.

    More:
    https://new.fxbazooka.com/analytics/13108

  8. #3768
    riki143 is offline Senior Member
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    NZD/USD: bulls were spooked by their own audacity
    4/21/2017

    On the NZD/USD daily chart, the bulls managed to kick the quotes out of the downward trading channel. But the bears were strong enough not to allow the bulls to move higher. There is a consolidation range within 0.696-0.705 levels. A breakout of its lower border will allow us to count on the implementation of 113% and 161.8% targets in the Crab and AB = CD patterns.



    On the NZD/USD hourly chart, the expanding wedge pattern has been formed. A rollback towards 38.2% and 50% levels from the 4-5 wave can be used for opening short positions.



    Recommendations:

    SELL 0,701 SL 0,7065 TP 0,691,

    SELL 0,702 SL 0,7075 TP 0,692,

    BUY 0,7045 SL 0,699 TP 0,715.

    More:
    https://new.fxbazooka.com/analytics/13109

  9. #3769
    riki143 is offline Senior Member
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    Key option levels for Friday, April 21st
    4/21/2017

    If you have any questions or requests fill out the feedback form.

    EUR/USD



    Main trend Short-term period Medium-term period
    Bearish Neutral
    Changes in the open interest + 131 841 ? + 576 006 ?
    Closest resistance levels 1.0737;1.0785; 1.0808; 1.0846
    Closest support levels 1.0720; 1.0686; 1.0650; 1.0603
    Trading recommendations
    Baseline scenario Short EUR/USD below 1.0720 or from 1.0737, with target points at 1.0686 and 1.0650
    Alternative scenario Moving above 1.0737 can be considered as a signal to Buy the pair, with target at 1.0785 and 1.0808

    AUD/USD



    Main trend Short-term period Medium-term period
    Bearish Bearish
    Changes in the open interest + 95 ? + 21 ?
    Closest resistance levels 0.7549; 0.7590; 0.7622; 0.7661
    Closest support levels 0.7515; 0.7480; 0.7454; 0.7421
    Trading recommendations
    Baseline scenario Short AUD/USD below 0.7515, with the target points at 0.7480 and 0.7454
    Alternative scenario Moving above 0.7549 can be considered as a signal to Buy the pair, with target at 0.7590 and 0.7622

    more;
    https://new.fxbazooka.com/analytics/13110

  10. #3770
    riki143 is offline Senior Member
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    MORNING BRIEF FOR APRIL 24
    06:39 24.04.2017

    The biggest winners from the French elections were probably the pollsters who managed to forecast the outcome of the runoff. Let’s pat them on the back; they did a great job having predicted that centrist Emmanuel Macron will face off against far-right National Front leader, Marine Le Pen on May 7. The euro jumped the most in a month in Tokyo session. Exchange rates across the trading desk moved sharply in the thin liquidity conditions. The yen retreated; volatility ebbed, and gold slumped significantly; most of the major currencies opened with the gaps.



    Source: Bloomberg.com
    Then, we saw a gap filling across the trading desk. EUR/USD tumbled to 1.0820 from 1.0917 hit in the early trading hours. Towards the end of the week, the single European currency may extend its losses as European Central Bank’s ultra-loose stance is set to remain unchanged at the upcoming monetary policy meeting.
    USD/JPY was one of the biggest gainers after the French election results were published. The pair rallies to 110.60, then retraced to 109.80 as traders turned to rising tensions on the Korean peninsula once French election tumult disappeared. There is talk that North Korea may test an intercontinental ballistic missile or even nuclear device tomorrow celebrating the 85th anniversary of the founding of its military forces. The yen may flex its muscles throughout the day; it may extend its gains to at least 108.85 (near 200-day MA and 50% Fibo level traced from last year low).
    Aussie fell from its earlier high of 0.7585 to 0.7535. It may slide further towards 0.7520 (100-day MA). An additional drop may come after Trump delivers more details on his pro-growth and tax policies.
    The British pound was also a loser of the Asian session. It dropped to 1.2778 after rallying to 1.2845. UK PM minister Theresa May will likely have to negotiate new EU-UK terms of cooperation/trade with a ?lose-knit, team minded Merkel/Macron team. And these two EU leaders will be the hard nuts to crack. The economic calendar for the pair is light today.
    Loonie gained some strength in Tokyo morning. USD/CAD dipped to 1.3460 on the session. There is a scope for extension its gains. Oil prices recouped of last week’s hefty losses as the OPEC-led committee was said to back prolonging supply cuts. Crude oil futures will be vulnerable this week as Trump is set to sign several executive orders on energy and the environment this week whicha would make it easier for the US to develop energy on and offshore. In the preceding weeks, US production and inventory growth was the major headwinds for oil prices.

    More:
    https://fbs.com/analytics/articles/m...r_april_24_666

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