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Technical Analisis Dari FBS.com

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In line with our expectations, the euro continued going up after it had broken above August-September resistance line. The European currency was supported by the market’s negative risk sentiment and weaker-than-expected US economic data. However, EUR/USD failed to overcome resistance in the 1.1500 area and went abruptly down on the dovish comments of the ECB Governing Council member Nowotny.

The first half of the next week will be relatively light on economic data from both Europe and the United States. All in all, the focus will be on the euro area. One has to pay great attention to the European Central Bank’s meeting and press conference on Thursday. Ahead of the meeting, the euro will clearly remain under pressure, as there is a chance that the regulator will make announcements about the monetary easing. Trading after the meeting will naturally depend on what the ECB president Mario Draghi says. The risks for the euro area bearish. Note that the euro area will also release flash manufacturing and services PMIs on Friday. If the ECB’s position doesn’t become clearer, the market will make its judgment on the basis of these data. The figures are unlikely to be very bright. The speculators’ short positions on euro have contracted, and now the single currency will be more vulnerable to the negative data.

China’s weak GDP and industrial production data released on Monday did not provide a push higher for the euro: negative sentiment is smoothed out by the expectations of additional monetary easing from the People’s Bank of China. Support is at 1.1260, 1.1215 and 1.1170. Resistance is at 1.1400, 1.1460 and 1.1500.

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Danske Bank: trade signals for Oct 20
20 October 2015, 08:37 Comments: 0

Open positions:*

USD/CHF: Hold SHORT at 0.9540, TAKE PROFIT 0.9302, STOP LOSS 0.9601

EUR/JPY: Hold SHORT at 135.60, TAKE PROFIT 133.44, STOP LOSS 136.10

EUR/CAD: Hold SHORT at 1.4715, TAKE PROFIT 1.4387, STOP LOSS 1.4855

GBP/JPY: Hold LONG at 183.20, TAKE PROFIT 187.37, STOP LOSS 182.75

AUD/USD: Hold LONG at 0.7218, TAKE PROFIT 0.7497, STOP LOSS 0.7195

Trade ideas:


EUR/USD: Possibly SELL

USD/JPY: BUY at 118.95, TAKE PROFIT 120.57, STOP LOSS 118.02

GBP/USD: BUY at 1.5405, TAKE PROFIT 1.5659, STOP LOSS 1.5315

EUR/GBP: SELL at 0.7335, TAKE PROFIT 0.7197, STOP LOSS 0.7400 (revised)

EUR/CHF: SELL at 1.0865, TAKE PROFIT 1.0713, STOP LOSS 1.0925

NZD/USD: BUY at 0.6745, TAKE PROFIT 0.6937, STOP LOSS 0.6680
 
Danske Bank: trade signals for October 21
21 October 2015, 08:44 Comments: 0

Open positions:*

EUR/USD: Hold LONG at 1.1350, TAKE PROFIT 1.1495, STOP LOSS 1.1290

USD/JPY: Hold LONG at 119.60, TAKE PROFIT 120.57, STOP LOSS 119.12

USD/CHF: Hold SHORT at 0.9540, TAKE PROFIT 0.9302, STOP LOSS 0.9601 (revised)

AUD/USD: Hold LONG at 0.7218, TAKE PROFIT 0.7497, STOP LOSS 0.7195

USD/CAD: Hold LONG at 1.2970, TAKE PROFIT 1.3177, STOP LOSS 1.2870

EUR/JPY: Hold SHORT at 136.22, TAKE PROFIT 133.99, STOP LOSS 136.76

EUR/GBP: Hold SHORT at 0.7335, TAKE PROFIT 0.7197, STOP LOSS 0.7400

EUR/CAD: Hold SHORT at 1.4715, TAKE PROFIT 1.4387, STOP LOSS 1.4855

GBP/JPY: Hold LONG at 183.20, TAKE PROFIT 187.37, STOP LOSS 183.45

NZD/USD: Hold LONG at 0.6745, TAKE PROFIT 0.6937, STOP LOSS 0.6680

Trade ideas:


GBP/USD: BUY at 1.5405, TAKE PROFIT 1.5659, STOP LOSS 1.5315

EUR/CHF: SELL at 1.0865, TAKE PROFIT 1.0713, STOP LOSS 1.0925
 
Draghi.jpg


Analysts at TD Securities have set out several scenarios of today’s ECB meeting and press conference. The specialists do not believe that the European Central Bank will act now, so, in their view, the focus will be on what the regulator’s president Mario Draghi says.

The scenarios are the following:

1. Possibility: 40%

Draghi will underline the market’s uncertainty. There will be no direct hints on the potential increase in easing, but Draghi will repeat that the ECB is ready to act and thus the expectations for the ECB’s move in December will remain. EUR/USD will trade in the 1.1300 area.

2. Possibility: 40%

Draghi will say that if the euro area’s economic indicators doesn’t improve in the near term, forecasts will be reduced in December and the door for more QE this year will be open. EUR/USD will slide to 1.1235.

3. Possibility: 10%

Draghi will rule out any further rate cut. EUR/USD may spike towards 1.1500.

4. Possibility: 10%

Draghi will say that the ECB won’t increase QE unless the euro area’s economic outlook keeps worsening. EUR/USD will break above 1.1500, but should be stopped by 1.1561 (August 21 high).
 
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3 November 2015, 16:26 Comments: 5

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EUR/USD: sell target - 1.0600
17 November 2015, 10:35 Comments: 0

By: Dmitriy Chernovolov

EUR/USD reached sell target 1.0700
Next sell target - 1.0600

EUR/USD continues to fall after the recent breakout of the support level 1.0700, which was set as the sell target in our previous forecast for this currency pair. The price earlier reversed down sharply from the resistance zone lying between the resistance level 1.0800 (the lower boundary of the resistance zone located between price levels 1.0800 and 1.0880). The downward reversal from this resistance zone started the active impulse wave (v) of the 3rd minor impulse wave 3 from October.

EUR/USD is likely to fall further toward the next sell target at the next pivotal support level 1.0600 (which reversed the previous sharp wave (ii) in April).

EURUSD%20-%20Primary%20Analysis%20-%20Nov-17%200943%20AM%20(1%20day).png
 
Danske Bank: trade signals for November 18
18 November 2015, 08:33 Comments: 0
Open positions:

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

GBP/USD: Hold SHORT at 1.5256, TAKE PROFIT 1.4960, STOP LOSS 1.5330

USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0310, STOP LOSS 1.0039

AUD/USD: Hold LONG at 0.7125, TAKE PROFIT 0.7297, STOP LOSS 0.7055

USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3457, STOP LOSS 1.3220 (revised)

EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 132.83

EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.6936, STOP LOSS 0.7045 (revised)

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

EUR/CAD: Hold SHORT at 1.4285, TAKE PROFIT 1.3993, STOP LOSS 1.4390

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

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

Trade signals:

USD/JPY: BUY at 122.95, TAKE PROFIT 124.63, STOP LOSS 122.20

________________________________________________________________

*Danske Bank applies trailing stop oders (moved together with the price)
 
Forex trading plan for November 20
19 November 2015, 13:55 Comments: 0


By Kira Iukhtenko

US Dollar retraced lower on Thursday on the back of the “less-hawkish-than-expected” policy meeting minutes. Generally, the document still remains quite hawkish and leaves the door open for a rate hike in December. Beware the Fed's members' comments on Friday and Saturday, though: they could be disappointing for the greenback. This is the only thing to watch in the US calenar till the end of the week.

EUR/USD attempted to rally above 1.0700
, but erased gains quickly. Listen to the ECB President Mario Draghi on Friday – he'll deliver a speech at the Euro Finance week in Frankfurt. The ECB minutes on Thursday turned out to be rather dovish, but the market underestimated the tone, in my view: increased deflationary pressures and potential for a policy change were discussed. We target the 1.0500 mark in the near term. Resistance for the pair lies at 1.0800/30.

GBP/USD volatility remains very high. The cable approached the 1&5300 mark on Thursday. A break higher could open the way to 1.5500 once again, but we don't expect this bullish move to be long-lived.

USD/JPY retraced lower from the local high at 123.70. However, a bullish channel with a key support at 122.50 still remains in play. We are ready to buy from these levels. Watch the monthly BOJ report on Friday.

Friday is an intense day for USD/CAD: watch the October retail sales and CPI in Canada. The pair is testing the trend support as we write, but the major level below is 1.3220. We don't expect the decline to be long – the oil market is testing new lows these days.
 
Forex trading plan for November 25
24 November 2015, 15:46 Comments: 0

Elizabeth Belugina


The Dollar Index (DXY)
remains near the 8-month high in the 100.00 area, though American currency was undergoing a slight correction on Tuesday. The US released lower housing and manufacturing PMI data released on Monday, but on Tuesday American Q3 GDP was revised to the upside. Watch the publication of durable goods figures at 13:30 GMT on Wednesday. All in all, the greenback will likely trade rather moderately ahead of the bank holiday on Thursday (Thanksgiving Day).

EUR/USD formed a ‘hammer’ candle
on Monday after testing 1.0600. The big figure allowed the pair to stabilize and consolidate a bit. There was also some fundamental help. The week started with rather positive figures from the euro area: the region’s manufacturing PMI released on Monday was the highest since April 2014, while European services PMI was at the maximum of 4 ½ years. On Tuesday German IFO business climate index has followed this bright suit with the reading of 109.0 (highest since June 2014). However, although some analysts have started to question whether the European Central Bank now needs to increase stimulus in De cember, the consensus is that it will. As a result, the market players are cautious with the euro longs at this point. Resistance is at 1.0670, 1.0700 and 1.0760. Support is at 1.0600 and 1.0520. Nothing very important in the euro zone’s economic calendar on Wednesday.

GBP/USD slid below Tuesday
opening levels on comments from the Bank of England’s Carney and Haldane. The policymakers outlined that negative risks for the British economy prevail and that the nation is expected to remain in low interest rate environment for some time. Decline below 1.5100 will open the way down to 1.5030/00 and 1.4975 (support line). Resistance is at 1.5155, 1.5200 and 1.5260. The UK Government will release Autumn forecast statement at 12:30 GMT.

USD/JPY corrected down to 122.40 on the market’s subdued risk sentiment. Support is at 122.22, 122.00 and 121.80. Resistance is at 123.25. The increase above 123.60 is unlikely, while the slide to 121.50 in the current environment is possible.

AUD/USD is consolidating around 0.7200. The Reserve Bank of Australia’s Governor Stevens sounded optimistic about the nation’s economic outlook, though underlined that the central bank is ready to act if necessary. If Aussie manages to stay above 0.7200, it may be able to test 0.7250 and 0.7280 (September highs). However, it’s clear that Aussie doesn’t have grounds for a sustainable rally.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.12030
USD / JPY
158.285
GBP / USD
1.32250
USD / CHF
0.82966
USD / CAD
1.42645
EUR / JPY
177.327
AUD / USD
0.69840
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