Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

EUR/USD: bears broken the "Window"
22 March 2016, 09:43 Comments: 0

Galina Svetlova

EUR/USD: bears broken the "Window"

There’re a “High Wave” and a “Tweezers” at the last high. The last “Window” has been broken by the huge bearish candle. Therefore, the next “Window” is likely going to act as a support. As we can see on the Daily chart, here’s a “Harami”, which has been confirmed, so we can expect a further decline.

EUR/USD: bears broken the "Window"

The price has reached the 89 Moving Average line, so it's possible to see any kind of bullish pattern and a local rise afterwards. After that, bears are likely going to taste the nearest “Window”.

 

[Syazfirul Enterprise]

Forex trading plan for March 24
23 March 2016, 14:28 Comments: 0

By Elizabeth Belugina

Global risk sentiment, which worsened after bomb attacks in Brussels, managed to recover. US dollar index kept correcting up on more hawkish comments from the Federal Reserve officials and has space to get higher. Philadelphia Fed President Patrick Harker said that the Fed should consider another interest rate hike as early as in April if US economic continues improving. FOMC member Bullard will speak once again at 12:15 GMT on Thursday. In addition, America will release core durable goods orders at 12:30 GMT (negative forecast) as well as the unemployment claims.

EUR/USD keeps declining and will likely test the next Fibo level at 1.1145. Next support is vat 1.1080 and 1.1050. Resistance is at 1.1220 ahead of 1.1270. The ECB Board Member Sabine Lautenschlaeger said that interest rates could also go lower, though the Bundesbank head Jens Weidmann claimed that the ECB went too far in March, so opinions differ. There will be no market moving data from the euro area on Thursday.

GBP/USD slid to 1.4150. Britain will release retail sales at 09:30 GMT. The forecast is negative (-0.7%). Brexit uncertainty remains on the table. In these conditions, the pound will be vulnerable to 1.4095, 1.4050 (March 16 low) and 1.4000.

USD/JPY has almost reached 113.00 (trend line resistance) and may get to 114.00 if it fixes above 113.00 as traders begin to price in potential increase of the Bank of Japan’s monetary stimulus in April. Support is at 112.30, 111.00 and 111.00.

AUD/USD is overbought and needs to correct down to 0.7530/00 and probably even lower before it resumes growth. There is a Bank holiday in Australia and New Zealand on Thursday.

 

[Syazfirul Enterprise]

EUR/USD: “Three Black Crows” helped bears
23 March 2016, 08:49 Comments: 0

Galina Svetlova

EUR/USD: “Three Black Crows” helped bears

The upper “Window” has been broken by the big black candle, so the price is likely going to the lower "Window", which can act as a support. As we can see on the Daily chart, there’re a “Harami” and a “Three Black Crows” at the last high. Therefore, today’s candle is probably going to be a bearish one.

EUR/USD: “Three Black Crows” helped bears

The price has reached the 89 Moving Average once again after a pullback from the upper support line. It's likely that a downward movement will go on towards the nearest “Window” until any bullish pattern arrives.

 

[Syazfirul Enterprise]

Trading plan for March 25
24 March 2016, 15:14 Comments: 0

Kira Iukhtenko

US currency regained some power during the past couple of days. However, on Thursday the rally was paused by the mixed US data releases. On Friday, European markets will be closed due to the Easter holidays, so liquidity will likely stay thin. The only release to watch in the economic calendar is the final US Q4 GDP. According to the forecast, no revisions is expected (+1.0%), buy any surprises will clearly move the markets.

EUR/USD is retracing after the last weeks impressive rally. The pair tested 1.1150 on Thursday. In my view, we are moving to the 1.1050 support. The picture will stay bearish below 1.1220 (local highs).

Meanwhile, GBP/USD slowed the decline on Thursday. US retail sales data turned to be better than expected. Support to watch - 1.4050, there is a strong buying interest at these levels.

USD/JPY remains in a bullish channel since March 17. However, the 113 yen figure remains a strong barrier. We see space for a decline to 112.20 in the coming sessions.

AUD/USD fell below 0.7600. In my view, the pair has potential for a decline to 0.7380 in the current overbought conditions.

 

[Syazfirul Enterprise]

GBP/USD: bearish momentum persists
25 March 2016, 13:59 Comments: 0

By Kira Iukhtenko

British pound dropped dramatically during the past week, losing 400 points. UK currency was hit by the weak inflation figures and tragic news from Brussels. Social unrest in the European Union raises fears about a potential Brexit. According to the most recent polls, more than 40% of the British voters would like to leave the European Union.

Technically, GBP/USD formed a strong red candle on the past week, but met some buying interest at 1.4050. However, on a monthly chart we see a second candle with a long upper shadow being formed. We expect a break below 1.4050 to happen next week and target 1.35 in the near term. The picture could turn bullish after a weekly fix above 1.4180.

UK economic calendar for the new week is rather light. Monday is a banking holiday. On Thursday, UK is scheduled to release current account data and the final Q4 GDP reading. What’s more, on Thursday the BOE governor Marc Carney will deliver a speech at the Financial Stability Board Plenary meeting in Tokyo. On Friday pay attention to the UK manufacturing PMI.

 

[Syazfirul Enterprise]

EUR/USD: "double bottom" led to the correction
29 March 2016, 06:32 Comments: 0

Sergey Logachev

EUR/USD: "double bottom" led to the correction

There was a flat, which finally was ended by the bullish rally towards a resistance at 1.1217. Previously, a reversal “Double Bottom” pattern has been formed. It’s likely to see the market lower in the short term. The target support is an area between the 34 Moving Average and the level at 1.1156. If a pullback appears somewhere from here, then we will have an opportunity to see a rise towards a resistance area at 1.1245 – 1.1273.

EUR/USD: "double bottom" led to the correction

As we can see on the one-hour chart, the last “Pennant” was finally ended up by the upward movement. The price faced a resistance at 1.1217, which led to the current decline. It’s likely that the market is going to reach a support at 1.1157. If bears be stopped here, then bulls will probably try to achieve a resistance area at 1.1217 – 1.1237.

 

[Syazfirul Enterprise]

GBP/USD: "Double Top" stopped the rise
31 March 2016, 05:41 Comments: 0

Sergey Logachev

GBP/USD: "Double Top" stopped the rise

There's a “Double Top” pattern, which led to the current downward movement in a range of support zone 1.4343 – 1.4305. It’s likely to see the market even lower, so a support area between the 89 Moving Average and the level at 1.4282 is probably going to be reached soon. If a pullback arrives, then it'll be a chance for bulls to come back to the market. If so, they are likely going to try to achieve a resistance area at 1.4436 – 1.4502.

GBP/USD: "Double Top" stopped the rise

The price has been declining since a resistance at 1.4468 was reached. Moreover, we've got a “Double Top” pattern as well, so the pair is likely going to get a support at 1.4259. If sellers be stopped here, then buyers will probably try to reach a resistance area at 1.4436 – 1.4468.

 

[Syazfirul Enterprise]

EUR/USD: buy target – 1.1500
31 March 2016, 09:49 Comments: 0

By: Dmitriy Chernovolov

EUR/USD approaching resistance level 1.1380
Next buy target – 1.1500

EUR/USD continues to rise inside the (c)-wave of the minor ABC correction 2 from the start of this month. The active (c)-wave earlier reversed up from the support zone lying between the support level 1.1150 and the 38.2% Fibonacci correction of the previous sharp (a)-wave. The price today broke above the resistance level 1.13420, which stopped the aforementioned (a)-wave.

EUR/USD is currently approaching the resistance level 1.1380 (which stopped the previous intermediate ABC correction (2) in February). If the price breaks above 1.1380 – the pair can then rise to the next buy target at the strong resistance level 1.1500.

 

[Syazfirul Enterprise]

US Dollar: waiting for the FOMC minutes
2 April 2016, 12:47 Comments: 0

By Kira Iukhtenko

On Friday the US currency has recovered some ground on the back of the upbeat labor market figures and ISM manufacturing PMI released later in the day. US Dollar index pushed back towards the 95 mark.

Will the US Dollar return to the bullish trajectory next week? I believe the market has some space for correction, but my medium-term view for the greenback remains bearish. Monetary authorities will not let the dollar strengthen too much in the current unstable global conditions. We believe next week buying EUR/USD, AUD/USD and NZD/USD is a good trade idea.

As for the new week, watch the US non-manufacturing PMI on Tuesday (forecast - upbeat). FOMC meeting minutes will be released on Wednesday. On Friday, we’ll hear Janet Yellen participating in a panel discussion at the International House.

 

[Syazfirul Enterprise]

GBP/USD: "Triple Top" did an excellent job
4 April 2016, 07:12 Comments: 0

Sergey Logachev

GBP/USD: "Triple Three" did an excellent job

There’s a “Triple Top” pattern, which has been confirmed. Finally, the price faced a resistance near the local up trend, which led to the current decline. It’s likely to see a bullish correction towards the lower side of the nearest resistance area. If a pullback forms afterwards, then a decline will have an opportunity to resume. If so, a support area at 1.4170 – 1.4117 is going to be reached soon.

GBP/USD: "Triple Three" did an excellent job

The price has faced a support at 1.4170, which led to form a “V-Bottom” pattern. The bullish movement is likely going to achieve a resistance area between the 55 Moving Average and the level at 1.4283. Considering a possible pullback somewhere from this area, it's possible that bears are going to taste a support at 1.4117.