Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

GOLD finished local correction

GOLD finished local correction

At the last week price could not overcome the key mark at the level 4/8 (1375.00). Intersection STH4 with STD1 not happened and STD1 is still bullish color. All of this suggests that there is a high probability of growth a minimum to the area of the level 3/8 (1343.75). Break above the level will lead to a return to the level 4/8. Hence the correction has been completed, after which is expected at least flat and the target is 4/8.

Trade recommendation:

Buy – 1356.00; sl – 1341.00; tp – 1370.00.

 

[Syazfirul Enterprise]

AUD/USD: the Aussie tunes to throw

The Australian dollar have stayed above the Tenkan-Sen on the H4-timeframe. Against the positive mood of the Ichimoku indicator (there is a bullish cloud and a golden cross), the bulls failed the uptrend resuming. The main reason for that, as we said earlier, - the market is overbought.

There is a high probability of decreasing the prices up to the level of the Kijun-sen line.

Technical levels: support – 0.7620, 0.7590; resistance – 0.7690.

Trade recommendations:

1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7660; TP2 — 0.7690.

 

[Syazfirul Enterprise]

AUD/USD: outlook for July 18-24

AUD/USD breached resistance at 0.7570 at the beginning of the past week and spent the rest days consolidating above this level. Australian dollar rose as the nation’s labor market data were rather well showing that employment numbers have risen in recent months. Moreover, political uncertainty in Australia finally ended as the ruling coalition managed to secure majority in the new parliament that will allow it’s to form a government. In addition, the overall market’s risk sentiment improved encouraging demand for Aussie. Data from China was especially helpful.

Technically the break above resistance line connecting April and June highs is a positive signal. Not, however, that pairs approaching resistance of the descending 200-week MA in the 0.7700 area. The recent move to the upside isn’t strongly supported by technical indicators. Good data from the United States and some expectations of the Reserve Bank pf Australia’s rate cut in August may put AUD/USD under renewed bearish pressure. The RBA will release July monetary policy meeting minutes on Tuesday. Support is at 0.7600 ahead of 0.7500 and 0.7475.

https://fxbazooka.com/analytics/9630

 

[Syazfirul Enterprise]

CAD/JPY rising inside intermediate ABC correction (4)

Next buy target - 83.00
CAD/JPY continues to rise inside the C-wave of the intermediate ABC correction (4) from the end of June. The active C-wave earlier broke through the powerful resistance level 80.00 (former strong support from January and February, which also earlier reversed the previous A-wave). The breakout of the resistance level 80.00 accelerated the active impulse wave C.

CAD/JPY is currently trading close to the pivotal resistance level 81.70 (low of the previous (B)-wave). If the pair breaks above 81.70 - CAD/JPY can then be expected to rise further to the next resistance level 83.00 (target price for the completion of wave (4)).

https://fxbazooka.com/analytics/9652

 

[Syazfirul Enterprise]

Aussie drops as RBA suggests probable scope for easing

On Tuesday, the Australian dollar headed south following the minutes from the Reserve Bank of Australia’s July gathering. The minutes dropped a hint for further monetary easing.

The currency pair AUD/USD was worth 0.7528, descending 0.83%. Meanwhile, USD/JPY sagged 0.23% to 105.92. As for GBP/USD, this currency pair slumped 0.23%, hitting 1.3226.

The U.S. dollar index, traditionally measuring the greenback’s strength against six key currencies, last traded at 96.56.

Overnight, the British pound edged up to the day’s peaks on Monday after Martin Weale, Bank of England policymaker told he wasn’t sure if he would back up an interest rate decrease at the major bank’s August gathering.

Weale told he would require seeing a more persuasive evidence of the impact of Britain’s vote to abandon the European Union before backing a rate cut at next month’s gathering.

Uncertainty points to the argument that we need to wait for firmer evidence before getting down to any policy change, Martin Weale adds.

 

[Syazfirul Enterprise]

EUR/AUD rising inside minor impulse wave 3


Next buy targets - 1.4900 and 1.5000
EUR/AUD continues to rise inside the minor impulse wave 3, which started earlier - when the pair reversed up for the support zone lying between the major long-term support level 1.4490 (which reversed the previous waves (C), A and (2), as can be seen from the daily EUR/AUD chart below) and the lower daily Bollinger Band.

EUR/AUD is expected to rise further in the active impulse waves 3, (3) and ③ toward the next buy target at the resistance level 1.4900 – the breakout of which can lead to further gains toward the next round resistance level 1.5000.

https://fxbazooka.com/analytics/9674

 

[Syazfirul Enterprise]

USD/CAD & Oil Prices: 1.3100 on the road?

The decline in oil's prices is still weighing on CAD, at least during this week, as we can see a bullish consolidation on the USD/CAD pair above the 200 SMA at H1 chart. During yesterday, WTI crude oil futures settled down 1.30%, quoting at $44.65 per barrel. In addition, Crude Oil Inventories came weaker-than-expected, with -2300K, against 2207K registered last week. That's because of current risk-off sentiment on markets.

Current outlook on the Loonie at H1 chart is calling for more upside, as the pair is looking to break the strong resistance around the 1.3046 level. If that happens, then we can see a rally towards the July 12th high, around the 1.3130 price zone. However, we should take in mind that USD/CAD is following a bullish trend line projected from July 15th low. If the pair achieves in break it, then we can see a decline to the 1.2900 on a mid-term basis.

https://fxbazooka.com/analytics untuk lebih lanjut tentang fxbazooka

 

[Syazfirul Enterprise]

NZD/USD falling inside minor correction (ii)

NZD/USD falling inside minor correction (ii)
Next sell target – 0.6980
NZD/USD recently reversed down sharply from the resistance zone lying between the resistance level 0.7300 (top of wave (iii) and the previous buy target set in our earlier forecast for this currency pair), upper daily Bollinger Band and the resistance trendline of the wide daily up channel from January. The downward reversal from this resistance zone started the active minor correction (ii).

NZD/USD is likely to fall further to the next sell target at the strong support level 0.6980 (which reversed the price twice in June) - intersecting with the 50% Fibonacci correction of the previous sharp upward impulse from May.

https://fxbazooka.com/analytics/9697

 

[Syazfirul Enterprise]

EUR/USD before ECB's meeting: No major changes on current policy?

Today at 11:45 GMT we'll know the interest rate decision from the European Central Bank, which currently holds the numbers at zero. Analysts don't expect any major changes in the current economic policy's stance from the central bank, as we have been seeing the current post-Brexit developments in terms of economy. BoE didn't change their interest rates and most probably the ECB won't do it. One of the topic to be on discussion probably will be the situation on Italian banks.

The technical picture for EUR/USD at H1 chart is still bearish and showing a consolidation below the 200 SMA. Currently, the pair is being supported by the 1.0987 level, where a breakout should open the doors to test the 1.0942 price zone. A dovish stance from ECB could send the pair towards the psychological level of 1.0900 approximately. In the another scenario, EUR/USD should break the 1.1041 level and that could push the pair towards the highs from July 15th.

https://fxbazooka.com/analytics/9699

 

[Syazfirul Enterprise]

AUD/NZD rising inside minor C-wave


Next buy target - 1.0800
AUD/NZD has been rising in the last few trading sessions inside the C-wave of the intermediate ABC correction (4) from the start of July. The active C-wave earlier broke the resistance level 1.0540 (which stopped the previous A-wave). The breakout of this resistance level accelerated the active minor C-wave – which then broke the next resistance level 1.0700 (intersecting with the 38.2% Fibonacci correction of the previous downward impulse from March).

AUD/NZD is likely to rise further in the active C-wave toward the next buy target at the resistance level 1.0800. Long entries can be protected with the stop-loss placed below the aforementioned price level 1.0700.

https://fxbazooka.com/analytics/9720