BTC USD 82,312.5 Gold USD 4,167.83
Time now: Jun 1, 12:00 AM

Technical Analisis Dari FBS.com

USD/JPY: forecast for February 8-14
6 February 2016, 10:30 Comments: 0


USD/JPY erased gains made after the Bank of Japan’s meeting at the end of January and approached 116.00. Stronger yen was negative for Japanese stocks, which lost about 6% during a week. On Friday US dollar got support of the American labor market data: the unemployment rate declined, while average earnings growth accelerated. Yet, we think that it will now be harder for the pair to regain the upside: the market fears that the BOJ actions to encourage inflation and weaken the yen won’t work.

Note Chinese markets will be closed next week because of the lunar New Year holidays. The market’s risk sentiment can improve, as the People’s Bank of China will probably try to keep the yuan stable. Also watch news out of the US, primarily speeches of the Fed’s Chair Janet Yellen on Wednesday and Thursday.

Support is at 116.00 (psychological level), 115.50 (bottom of 2015 trading range), 114.80 (100-week MA) and 114.00 (bottom of the weekly Cloud). Resistance is at 118.80 and 120.00. Japanese economic calendar once again is light with only current account on Monday and 30-y bond auction on Tuesday.
 
gbpusdh4-TN.png


GBP/USD stays positive
8 February 2016, 14:44 Comments: 1

Tatiana Norkina, FBS analyst



This morning GBP/USD currency pair recovered into the four-hour Tenkan-Kijun channel.

It is worth reminding that the market has corrected towards the​​ support of the Ichimoku cloud top at 1.4450 last Friday, after a powerful breakthrough to the positive region. Meanwhile, Ichimoku Cloud became bullish, and now continues to encourage traders by expanding upwards.

Thus, with the golden cross of Tenkan and Kijun lines formed last week, the bulls are expected to attempt a breakthrough to the Tenkan-Sen. In case of breakdown and fixing the price on this line, the pair’s further growth is possible. Otherwise, it is fair to assume that there will be correction slide down to the lower cloud levels, 1.4375.



Technical levels: support – 1.4410, 1.4460; resistance – 1.4520, 1.4600.



Trading recommendations:

1. Buy – 1.4410; SL – 1.4390; TP1 - 1.4520; TP2 – 1.4600.
 
1102eurusdH4.png


EUR/USD: candlestick analysis
11 February 2016, 10:27 Comments: 0

There’re a “High Wave” and a “Three Methods” patterns near the last maximum. If the price reaches a support level of the previously formed a “Tweezers” pattern, it's likely that bulls are going back to the market. A “Doji” on the daily chart hasn't been confirmed.​
 
USD/JPY: candlestick analysis

1602usdjpyH4.png


It’s a very likely that here’s a “Tower” at the last high, but we should wait to a confirmation. As we can see on the daily chart, a couple of bullish “Hummers” have been formed and it was a start of the upward correction. After a short break there’s a high possibility for more bullish pressure.
 
EUR/JPY: sell target - 126.00
18 February 2016, 09:42 Comments: 0

By: Dmitriy Chernovolov

EUR/JPY reversed from resistance level 128.00
Next sell target - 126.00

EUR/JPY recently reversed down sharply from the resistance level 128.00 (former support level and the sell target set in our previous forecast for this currency pair, acting as resistance now – after it was broken by the previous sharp minor impulse wave (i)). The downward reversal from this resistance level completed the latest minor correction (ii) – starting the active impulse wave (iii), which belongs to the longer-term downward impulse waves 3 and (3), as can be seen below.

EUR/JPY is likely to fall to the next sell target at the support level 126.00 (which stopped the previous impulse wave (i) earlier this month)

EURJPY%20-%20Primary%20Analysis%20-%20Feb-18%201058%20AM%20(1%20day).png
 
EUR/USD: forecast for February 15-21
19 February 2016, 14:11 Comments: 0

By Elizabeth Belugina

EUR/USD eased down from the 1.1375 area. The minutes of the European Central Bank’s January meeting showed that some policymakers believe that the ECB should act rather sooner than later because of the new risks to economic growth and inflation. The regulator’s president Mario Draghi also underlined the central bank’s readiness to ease policy in March. Yet, the market players don’t seem very convinced that the ECB’s efforts will work, and we see that the euro’s decline is gradual, not abrupt.

Resistance at 1.1250 will likely guard the upside. Important support is in the 1.1050/40 area (200-day MA, 55-week MA). If this support is broken, the single currency will fall to 1.0960/00 and even 1.0800.

On Monday the euro area will release flash manufacturing and services indexes. On Tuesday watch German Ifo business climate. The region’s final inflation figures will come out on Thursday, while German preliminary CPI is due on Friday.

EURUSDDaily_1.png
 
EUR/USD: technical analysis
23 February 2016, 07:16 Comments: 0

Sergey Logachev



EUR/USD: technical analysis

23-2-2016-EUR-H4.png


The main trend on the EUR/USD pair is a still bullish one. Yesterday the market was consolidating between Moving Average lines, but finally all of them were broken by the bearish rally. The downward movement reached a support at the level 1.1011. It's likely to see a contracting to a support area near the up trend line, but then there's the possibility that an upward movement will start towards a resistance area between the levels 1.1032 - 1.1145.

EUR/USD: technical analysis

23-2-2016-EUR-H1.png


The market had a local flat on Monday, but then bears came back to the market. The level 1.1011 was acted as a support line. It's likely that we've got a “Pennant” pattern here, so the pair has a reason to go even lower to an area between the level 1.0975 and the up trend line. The price might start an upward movement afterwards to a resistance area between the levels 1.1032 – 1.1145.
 
EUR/JPY: sell targets - 122.00 and 121.00
24 February 2016, 09:57 Comments: 0

By: Dmitriy Chernovolov

EUR/JPY reached sell target 126.00
Next sell targets - 122.00 and 121.00

EUR/JPY has been under strong bearish pressure lately – following the earlier breakout of the support zone lying between the support level 126.00 (previous sell target set in our earlier forecast for this currency pair) and the lower support trendline of the wide daily down channel from last June, as can be seen below. The breakout of this support zone greatly accelerated the active impulse waves 5 and (3).

EUR/JPY is set to fall further to the next sell target at the support levels 122.00 and 121.00 (target price calculated for the completion of the active impulse wave (3)).

EURJPY%20-%20Primary%20Analysis%20-%20Feb-24%201112%20AM%20(1%20day).png
 

Live Forex Chart

Currency
Rates
EUR / USD
1.11567
USD / JPY
158.683
GBP / USD
1.32062
USD / CHF
0.83486
USD / CAD
1.42861
EUR / JPY
177.036
AUD / USD
0.69578
Back
Top
Log in Register