Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

Forex trading plan for July 7

Market attention is glued to Greece at the beginning of the new week. Greek people voted against the austerity measures on Sunday. As a result, market expectations for Grexit surged. EU authorities will hold an emergency meeting on Tuesday to discuss the options available on the table. The next deadline for Greece comes on July 20. The country owes 2.5 bln euros to ECB.

EUR/USD opened the week with a bearish gap below 1,1000, but closed it when the dust settled a little bit. The market still believes that the Greek crisis could be resolved with negotiations. Euro met resistance at the 100-hor MA below 1,1100, however. Support is seen at 1,1030 and 1,0950. Market dynamics on Tuesday will be defined by the Greek-related headlines.

GBP/USD also managed to close the morning gap, recovering above1,5600 on the weak US non-manufacturing PMI. Watch the UK manufacturing production figures tomorrow (forecast – positive). Watch the trend resistance at 1,5680, however. We remain bearish below 1,5900.

USD/JPY tested the 122,00 support in Asia, but regained ground rather quickly. Resistance – 123,40 and 123,70, support - 121,80. AUD/USD dipped to a 6-year high at0,7460 on Monday,but crawled back into the green zone. RBA meeting will be held on Tuesday – no rate cut expected.

As for the United States, don’t miss the May trade balance on Tuesday and the FOMC meeting minutes on Wednesday.

 

[Syazfirul Enterprise]

Danske Bank: trade signals for July 8
8 July 2015, 08:31 Comments: 0

Open positions:*

EUR/USD: Hold SHORT at 1.1057, TAKE PROFIT 1.0819 (revised), STOP LOSS 1.1124

USD/JPY: Hold SHORT at 122.46, TAKE PROFIT 121.05, STOP LOSS 123.20

USD/CHF: Hold LONG at 0.9412, TAKE PROFIT 0.9573 (revied), STOP LOSS 0.9395 (revised)

EUR/JPY: Hold SHORT at 135.95, TAKE PROFIT 133.10, STOP LOSS 136.15 (revised)

EUR/CAD: Hold LONG at 1.3930, TAKE PROFIT 1.4163, STOP LOSS 1.3800

Trade ideas:

GBP/USD: SELL at 1.5520, TAKE PROFIT 1.5365, STOP LOSS 1.5615

EUR/GBP: SELL at 0.7180, TAKE PROFIT 0.6989, STOP LOSS 0.7219

EUR/CHF: Look to BUY

GBP/JPY: Look to SELL

AUD/USD: Look to SELL

USD/CAD: Look to BUY

 

[Syazfirul Enterprise]

https://www.youtube.com/watch?v=hjWSnBn6KKA&feature=youtu.be

Market sentiment on Greece improved on Wednesday as the Greek government has finally applied for a third aid program. No details have been announced yet, but this is an important step towards the long-awaited solution. Market is already pricing in the positive outcome. As a result, demand for the safe US dollar declined.

Meanwhile, China’s stock crisis is gaining traction. Shanghai Composite stock index dipped to a new low of 3500 on Wednesday. Japanese yen strengthened significantly as the speculative capital is flooding from China to safe Japan.

Late on Wednesday, don’t miss the FOMC minutes release and the Fed’s member Williams speech. US Dollar could recover on Thursday in case if there are some hints on a policy tightening coming in September. Tomorrow watch the unemployment claims in the United States.

EUR/USD

Trying to fix above 1.1050 (trend line)
If it does – buy with a target of 1.1100 on Greek optimism
Bearish targets are 1.0910, 1.0820
There are no releases in euro zone, monitor the Greek headlines

GBP/USD

Pound is being sold aggressively on the technical factors
Brokebelow38,2% Fibonacci
Local support has been formed at 1.5350
Hold short from 1.5400, target 1.5200, stop 1.5520
BOE meeting on Thursday (no changes expected)

USD/JPY

Fell by more than 150 on China’s woes, broke below the 121.70 support
Found some buying interest at the 100-day MA (121.00)
Break lower would pave the ground to 120.00 (trend support)
Resistance– 122.40, 123.30
Watch the Fed’s news and China

AUD/USD

Tested a fresh 6-year low of 0,7370
Resistance – 0,7530, we target 0,7000 in the coming weeks
Iron ore price collapsed by 10% today
Thursday: Australia labor market data, China’s CPI

 

[Syazfirul Enterprise]

EUR/JPY: buy targets - 136.00 and 138.00
9 July 2015, 07:47 Comments: 0

By: Dmitriy Chernovolov

EUR/JPY reversed from support zone
Next buy targets - 136.00 and 138.00

EUR/JPY today reversed up from the support zone lying at the intersection of the multiple support levels: the support level 133.40 (low of wave 4), the lower daily Bollinger Band, 50% Fibonacci Correction of the previous upward impulse wave (1) and the former resistance trendline of the recently broken down channel from January (acting as support now after it was broken last month).

EUR/JPY is likely to rise further toward the next buy target 136.00 – the breakout of which should lead to further gains toward 138.00. Strong support remains at 133.40.

 

[Syazfirul Enterprise]

EUR/USD: sell target - 1.0800
16 July 2015, 07:41 Comments: 0

By: Dmitriy Chernovolov

EUR/USD falls inside impulse waves 3 and (3)
Next sell target - 1.0800

EUR/USD has been falling in the last trading sessions inside the minor impulse wave 3 – which started earlier – when the pair reversed down from the former support trendline from April (acting as resistance now after it was broken by the previous impulse wave 1). The active impulse wave 3 yesterday broke the next support trendline from April – which should strengthen the bearish pressure on this currency pair in the nearest time.

EUR/USD is likely to fall further inside the active impulse waves 3 and (3) toward the next support level 1.0800, which reversed previous intermediate impulse wave (1) in May.

 

[Syazfirul Enterprise]

Forex trading plan for July 17
16 July 2015, 14:56 Comments: 0

Kira Iukhtenko

EUR/USD trading prospects have significantly worsened on Thursday. Despite the formal improvement of the Greek issue, the market feels the Greek drama is turning into a tragedy. Greek debt keeps on growing and time to pay will eventually come. EUR/USD dipped to a new 6-week low of 1.0850 on Thursday. The ECB head Mario Draghi tried to cheer the market up, but the 1.0900 remains a hard nut to crack. Sellers stand ready to step into the market at the higher levels. We see potential for a decline to 1.0720/1.0650. Tomorrow there are no releases to watch in the euro zone, so the market will be driven by the USD trend.

As for the US Dollar, the picture has turned bullish over the past week. The Fed’s chief Janet Yellen sounds moderately dovish, while the data releases confirm economic strength. Market expectations for a September hike have increased. On Friday we’ll be watching another news block in States: June CPI, building permits and consumer sentiment index. USD Index approached the 98 point resistance. We expect it to be broken in the coming sessions.

Commodity block currencies remain pretty vulnerable. We’ll be watching USD/CAD tomorrow. The pair is now testing the 2009 highs. Canada is scheduled to releases CPI tomorrow. Bullish targets are seen at 1.3000 and 1.3060.

 

[Syazfirul Enterprise]

Danske Bank: trade signals for July 20
20 July 2015, 10:01 Comments: 0

Open positions:*

EUR/USD: Hold SHORT at 1.1000, TAKE PROFIT 1.0785, STOP LOSS 1.1041

USD/JPY: Hold LONG at 123.95, TAKE PROFIT 125.38, STOP LOSS 123.25

AUD/USD: Hold SHORT at 0.7455, TAKE PROFIT 0.7268, STOP LOSS 0.7447 (revised)

EUR/CHF: Hold SHORT at 1.0430, TAKE PROFIT 1.0315, STOP LOSS 1.0470

EUR/CAD: Hold LONG at 1.3930, TAKE PROFIT 1.4490, STOP LOSS 1.3955

Trade ideas:

USD/CHF: BUY at 0.9557, TAKE PROFIT 0.9743, STOP LOSS 0.9470

USD/CAD: BUY at 1.2888, TAKE PROFIT 1.3102, STOP LOSS 1.2815

NZD/USD: SELL at 0.6620, TAKE PROFIT 0.6403, STOP LOSS 0.6695

EUR/GBP: Possibly SELL

GBP/JPY: Possibly BUY

EUR/JPY: Possibly SELL

 

[Syazfirul Enterprise]

Forex trading plan for July 21
20 July 2015, 13:27 Comments: 0

EUR/USD paused in the 1.0818 area (May low) as Greece made debt repayments to the ECB and the IMF. Support is in the 1.0750/10 region ahead of 1.0660. Resistance is at 1.0915 and 1.0965. With empty economic calendars in the US and the euro area traders await more comments and news on Greek bailout.

GBP/USD slid to the 55-day MA in the 1.5540 zone after last week it met resistance in the 1.5675 area. The next important event for the British currency is the publication of the Bank of England’s meeting minutes on Wednesday. The minutes will give us more insight into the BoE’s mindset after Governor Carney’s hawkish comments last week. If other members of British central bank don’t share Carney’s optimism, pound will decline. If not, sterling will fight dollar’s strength. Ahead of the release we expect more sideways trading. Support for cable is at 1.5500 and 1.5450, while resistance lies at 1.5675 and 1.5700.

More hawkish comments from the Fed’s Chair Janet Yellen and relief in Greece made USD/JPY continue its V-shaped recovery and rise above 124.00. Resistance is at 124.50 and 125.00. Support is at 123.70, 123.30 and 122.90. There won’t be any important releases either in the US or in Japan on Tuesday, so watch the risk sentiment and the development of the Greek story.

AUD/USD dipped to 0.7327. Aussie was affected by the sharp decline in gold price. Gold fell by $50 on Monday as the stop orders were hit in the situation of low liquidity. The Reserve Bank of Australia will release the minutes of its July policy meeting on Tuesday. Watch this publication for hints whether the RBA will move from the position of more easing to the more neutral view. Technically, after AUD/USD made a break to the downside this month, it remains under negative pressure. Resistance at 0.7500/0.7586 will limit the pair on the upside. Sell on the recovery.

 

[Syazfirul Enterprise]

Credit Suisse: how to trade EUR/USD?
21 July 2015, 08:13 Comments: 0

Trade: SELL LIMIT for EUR/USD from 1.0962, STOP LOSS 1.1036, TAKE PROFIT 1.0745

Analysts warn that the pair could bounce from 1.0820 (May low, 61.8% Fibo). However, the 1.0741 support will likely be broken in the coming days. Next target lies at 1.0660.

Break below 1.0660 will confirm the bearish triangle. Medium-term target - 1.0100/0.9900. Key resistance - 1.0965. The 1.1083/89 area will cap all the bullish moves.

 

[Syazfirul Enterprise]

Danske Bank: trade signals for July 22
22 July 2015, 07:43 Comments: 0

Open positions:*

USD/CHF: Hold LONG at 0.9610, TAKE PROFIT 0.9719, STOP LOSS 0.9555

AUD/USD: Hold LONG at 0.7420, TAKE PROFIT 0.7599, STOP LOSS 0.7355

EUR/CAD: Hold LONG at 1.3930, TAKE PROFIT 1.4490, STOP LOSS 1.3955

GBP/JPY: Hold LONG at 192.35, TAKE PROFIT 195.88, STOP LOSS 191.68

Trade ideas:

USD/JPY: SELL at 123.95, TAKE PROFIT 122.92, STOP LOSS 124.55

EUR/JPY: SELL at 135.89, TAKE PROFIT 134.33, STOP LOSS 136.45

EUR/CHF: BUY at 1.0445, TAKE PROFIT 1.0574, STOP LOSS 1.0395

EUR/USD: Possibly BUY

GBP/USD: Possibly SELL

USD/CAD: Possibly SELL

EUR/GBP: Possibly SELL

NZD/USD: Possibly SELL

_____________________________________________________________________

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