Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

Forex trading plan for July 23
22 July 2015, 14:41 Comments: 0

US dollar has given up some of its gains versus other currencies. The decline in American currency was provoked mainly by the profit taking. Still, the expectations of higher Federal Reserve’s interest rates are still in place as traders await the FOMC meeting due next week. Finally, there will be some figures out the US on Thursday – the unemployment claims figures at 12:30 GMT.

EUR/USD breached down its hourly consolidation range and slid to 1.0900 and lower. Buyers may come up in the 1.0888/1.0875 zone. Return above 1.0925 will make the bulls more active. Resistance is at 1.0965, 1.1000 (100-day MA, bottom of daily Ichimoku) and 1.1050. On Wednesday Greek parliament is set to vote on reforms required by the creditors. The bills is expected to pass, but may lead to further political tensions in Greece. On Thursday Bundesbank President will speak at 14:15 GMT.

GBP/USD rose to just below 1.5650. The Bank of England’s July meeting minutes showed that all members of the central bank votes to keep monetary policy unchanged, demonstrating though that the debate on the interest rate hike had intensified. All in all, the minutes were more hawkish than expected. Cable still faces resistance around last week’s highs at 1.5675 ahead of the psychological level of 1.5700. Support is at 1.5560, 1.5500 and 1.5450. Britain will release retail sales at 08:30 GMT (forecast is positive).

USD/JPY dipped to 123.55 before recovering to levels just below 124.00. The Bank of Japan’s Governor Kuroda has talked down the possibility of additional monetary easing. However, Japanese government has revised down its inflation forecast, so the markets will remain sure that the nation’s central bank will at least stick to its loose monetary policy for a long time.

AUD/USD failed to stay above 0.7400. Inflation figures released today didn’t rule out further interest rate cuts by the Reserve bank of Australia. However, the RBA’s Governor Stevens said that the regulator is ready to use such option, but underlined that such step will be connected with high risks.

NZD/USD is declining ahead of the Reserve Bank of New Zealand’s rate decision at 21:00 GMT on Wednesday. The RBNZ is expected to cut rates by 25-50 bps. Resistance is at 1.6650 and 1.6770. On the downside support is at 0.6500. AUD/NZD may rise towards 1.1300.

 

[Syazfirul Enterprise]

Demand for the US dollar recovered on Thursday after the unexpectedly strong labor market figures. Jobless claims dipped to a 42-year low of 255K, increasing expectations of a Fed'a rate hike in September. However, the market sentiment still remains cautious as US corporate earnings were quite disappointing this week. On Friday we'll be watching the US PMI and new home sales.

EUR/USD recovered to 1.1020 after the Greek parliament approved the second reform package. However, we review the EUR/USD recovery as corrective and recommend selling euro on rallies. The 1.0820 support could be broken in the coming sessions. In euro zone we'll also be watching a bag of PMI releases.

GBP/USD has once again retraced from the 1.5670 resistance on weak UK retail sales. There is a high bearish potential for the pair in the coming days if the US data doesn't disappoint. Next support lies at 1.5450.

Commodity currencies were quite contoversial today. NZD pushed higher on a lower-than-expected RBNZ rate cut, while CAD strengthened on strong retail sales in Canada. meanwhile, Aussie was trading in a red zone. We see the current rebound in commodity block currencies as a corrective one and recommend selling all of them on rallies. Watch the China's manufacturing PMI on Friday - this is another risk factor for the market.

 

[Syazfirul Enterprise]

EUR/USD: forecast for Jul 27 - Aug 2
24 July 2015, 11:55 Comments: 0

By Elizaveta Belugina

Will Greece continue affecting EUR/USD or is the market already done with this topic?

In the past week Greek parliament has approved the second reform package demanded by the creditors in return for financial aid. This second set of measures was less austere than the previous one, so it was passed more easily. Next week the Greeks will be safe from tough decisions as further controversial discussions will take place only in August.

The market’s focus in the coming days will switch to the United States where the Federal Reserve will announce its monetary policy decision on Wednesday. There will be some rather important releases in the euro area like German Ifo business climate on Monday and the region’s inflation figures on Friday. However, these publications won’t have much of an influence on the current setup: the Fed is clearly moving closer to policy tightening, while the European Central Bank will continue quantitative easing (QE). In addition, investors will be aware of more uncertainty which will emerge from Greece next month: the negotiations on Greek debt relief won’t be easy, and political tensions in the nation itself will intensify.

Forecast: As a result, traders have little reason to buy the single currency. EUR/USD ran into resistance of the daily Ichimoku Cloud’s bottom and 100-day MA in the 1.10 area and will likely slide to 1.08 or even 1.07. Next resistance is at 1.1050, 1.1125 and 1.1215.

 

[Osncg]

Based on the chart above, we expect gold to continue short to the previous day support 1088.43. The level is of significance since its also in line with the 50% fib line. Traders should therefore have their long positions ready to strike at that point. However, you should wait for a clear bounce signal, that is an exhaustion at that level.

 

[Syazfirul Enterprise]

Forex trading plan for July 31
30 July 2015, 16:28 Comments: 0

By Elizaveta Belugina

US GDP came in a bit below expectations: in Q2 American economy rose by 2.3% (forecast +2.6%). US economic growth is high enough to show that the US economy has strengthened after the weaker Q1. GDP change in Q1 was revised up from -0.2% to +0.6%. The number of unemployment claims was as expected (267K), below 2015 average that is a good thing.

US dollar should remain mostly supported after the releases as the expectations of the upcoming Federal Reserve rate hike remain well in place. On Friday America will release Chicago PMI (13:45 GMT) and revised consumer sentiment (14:00 GMT). However, gains in USD can be rather small on Friday as traders will be tired after previous volatile days, and some other currencies will put up a fight against the greenback.

For instance, after forming a shooting star candle on Wednesday GBP/USD managed to stay in the 1.5600 area. Still, the inability of the bulls to overcome resistance at 1.5700 shows their weakness. Below the trendline support at 1.5520 the decline will proceed to 1.5460 and 1.5400. No news will come out of the UK on Friday.

EUR/USD slid towards 1.0910. Further support is at 1.0870 and 1.0820 (bottom of the 3-month range). According to the article released in Financial Times the IMF won’t take part in Greek third bailout at this point because of the nation’s high debt and the history of reform failures. That’s a bad news for the single currency. In the euro area watch for flash inflation figures at 09:00 GMT.

USD/JPY almost reached 124.60. Support is at 123.70 and 123.00. Above 124.50 the pair may gather strength for an advance to 125.00 and 125.85, but the way up won’t be easy.

AUD/USD reached target at 0.7260 (minimums of the beginning of the week). Australia will release producer price index at 00:30 GMT. Aussie’s decline has slowed down and is accompanied by consolidation. Support is at 0.7200, while resistance lies at 0.7300 and 0.7350.

 

[haziq06]

sebelum trade setiap hari saya akan membuka fxbazooka sebagai rujukan kerana membantu sangat2 dalam trade saya hari2.

 

[TamingSari]

sebelum trade setiap hari saya akan membuka fxbazooka sebagai rujukan kerana membantu sangat2 dalam trade saya hari2.

terbaik tuan.. jgn lupa ajak kengkawan yg lain rujuk di sana juga

 

[Syazfirul Enterprise]

EUR/USD: forecast for August 3-9

By Elizaveta Belugina

EUR/USD reversed down from the 1.1125/1100 area and fell to 1.0900. Will the single currency keep sliding?

The IMF Managing Director Christine Lagarde

During the past week, the negotiations on the third 85-billion-euro Greek bailout program have finally started. The nation’s Prime Minister Tsipras has managed to make the rebellious lawmakers of his party agree to hold extraordinary congress in September after Greece is expected to have sealed a new bailout deal with its international creditors. Still, tensions are not over. The IMF has made it clear that it will not contribute to another bailout for Greece without debt relief and real economic reforms. German finance minister Wolfgang Schaeuble even proposed Greece a “temporary” exit from the euro area.

As a result, we are sure that further Greek talks will be very difficult. The euro lacks bullish drivers, while the US dollar, on the contrary, has strong upside potential.

There are no important events in the euro zone, which could drive the euro in the week ahead, so the focus will be on American releases. Note, though, that despite optimism about the US GDP, EUR/USD has managed to hold above 1.0900. The key support is lower, in the 1.0820/00 zone (bottom of the 3-month range). The general downtrend is still in place, and we will look to sell on increases to resistance in the 1.1000/1020 area.

 

[Syazfirul Enterprise]

AUD/NZD: buy target - 1.1200
3 August 2015, 08:01 Comments: 0

By: Dmitriy Chernovolov

AUD/NZD reversed from support zone
Next buy target - 1.1200

AUD/NZD recently reversed up sharply from the strong support zone lying between the pivotal support level 1.0900 (former strong resistance level which reversed earlier waves 3 and (i) in May and June, as you can see from the daily AUD/NZD chart below), the lower daily Bollinger Band and the 50% Fibonacci Correction of the previous sharp upward impulse from the start of May. The upward reversal from this support zone started the active minor correction 2.

AUD/NZD is likely to rise further in the active minor wave 2 toward the next buy target at the resistance level 1.1200. Strong support remains at 1.0900.

 

[Syazfirul Enterprise]

GOLD: weekly wave analysis
4 August 2015, 09:46 Comments: 0

Roman Petuchov

Daily. The market is currently building the final part of a bearish impulse in a wave [D] of a triangle. When the wave [D] is fully complete, we'll see the market reversed in a new bullish wave [E].

H4. The bearish trend is not over as there was now normal wave [v] built. At the beginning of the new week a sideways flat [iv] will be finished. After that the market will decline to 1062,51.