Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

USD/JPY: bulls are up to deliver only small correction

The price has been falling down since Monday. Also, we’ve got a “Three Methods” pattern, which increased bearish pressure. So, the market is likely going to decline until any bullish pattern arrives. As we can see on the Daily chart, there’s a lower “Window”, which could act as a support.

We’ve got another “Three Methods” on the one-hour chart. However, the price achieved a resistance line, so there’s an opportunity to have some bullish patterns. If so, there’ll be a chance to see a local correction towards the 13 Moving Average, which is strong enough to help bears to move on.

https://fxbazooka.com/analytics/10089

 

[Syazfirul Enterprise]

EUR/USD & FOMC Minutes: When will we see the greenback's bottom for mid-term?

Today at 18:00 GMT will be released the FOMC minutes from July's meeting, where the interest rates were left unchanged. Those minutes should be acting as a catalyst for commodities and US dollar, as the last one has been showing weakness during last few days and that situation is helping to strengthen its major competitors (EUR, GBP, etc). There are no major expectations regarding the content of that meeting, but it can give us some hints of possible rate hikes for this year.

The technical picture for EUR/USD at H4 chart is reaching overbought conditions, as the pair had been rallying and it's fully consolidated above the 200 SMA. Next technical level is located in the 1.1327 price zone, where is placed the 100% Fibonacci extension, but a key resistance is at the 1.1379 level. Hawkish minutes should provide bullish momentum to the greenback and EUR/USD may slump to test Tuesday's low (1.1168) at least, while a very dovish should help the EUR to extend its gains against the dollar towards the 1.1379 level.

https://fxbazooka.com/analytics/10091

 

[Syazfirul Enterprise]

SEB: how to trade EUR/USD on FOMC minutes

Analysts at SEB propose an interesting trade strategy on the release of the Federal Reserve’s meeting minutes (18:00 GMT). If EUR/USD rises in the next 3 hours after the release, then the specialists will buy the pair and close it in 24 hours. On the contrary, if EUR/USD declines in 3 hours after the release, sell the pair and hold position for 24 hours.

According to SEB, EUR/USD tends to continue moving in the same direction on the day after the release of the minutes.

https://fxbazooka.com/analytics/10104

 

[Syazfirul Enterprise]

GBP/USD ahead of UK Retail Sales: Will the Pound remain under bearish pressure?

Today at 08:30 GMT will be released a key indicator for the UK economy, as the retail sales will be the market mover during early European session. During June, the indicator posted a worst-than-expected decline to -0.9%, but for July's outcome, analysts are expecting a rise to 0.2% on it's monthly reading. Regarding the yearly basis' data, retails sales could post a very slight decline to 4.2%, according to the market consensus.

GBP traders will be paying attention to this data, as the recent downside pressure on Sterling should make it to fall towards post-Brexit and multi-year low, at the 1.2794 level. The GBP/USD pair is consolidated below the 200 SMA at H4 chart and that moving average is acting as dynamic resistance. If the pair manages to break it to the upside, then we should see a rally to the 1.3438 level, at least in the mid-term. However, our key support to the downside remains located at 1.2794 level.

https://fxbazooka.com/analytics/10108

 

[Syazfirul Enterprise]

Forex trading plan for August 19

Federal Reserve's July meeting minutes showed policymakers were divided on raising interest rates in the near term. Although the Fed members were generally positive about America’s economic outlook, several of them thought that a slowdown in the future pace of hiring would be an argument against a rate hike in the near term. It means that the market won’t increase pricing of rate hike by the year-end. This definitely won’t help US dollar in the coming days.

Economic data released in the United States on Thursday provided the greenback with some help: unemployment claims came better than expected, while Philadelphia Fed manufacturing index came into positive territory. It was the last important data release from the US this week.

EUR/USD is following our main scenario. The pair settled above 1.1300/1290 and may extend gains to 1.1375/80 and 1.1400. Further support is at 1.1260. Demand for the euro’s supported by the euro area’s big current account surplus.

GBP/USD rose to 1.3170. British retail sales rose by 1.4% in July after falling by 0.9% in June. Solid data indicates improving conditions. Technically advance may extend to 1.3235/1.3300 if it finds support around 1.3100/1.3070. The UK will release public sector net borrowing data at 08:30 GMT.

USD/JPY tested levels below 100.00, but once again found support in the 99.70/50 area. We expect the pair to consolidate between here and 100.50. In case of a break higher new sellers will appear around 101.20.

Australia released bloc of positive labor market data, while oil went up supported by an unexpected drop in US inventories and optimism the OPEC might reach a deal to freeze output next month. AUD/USD, however, failed to stay at the day’s highs above 0.7700, so decline to 0.7610/00 looks likely.

https://fxbazooka.com/analytics/10119

 

[Syazfirul Enterprise]

AUD/USD: the Bulls are active

Technical levels: support – 0.7615, 0.7590; resistance – 0.7650, 0.7680.

Trade recommendations:

1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7680; TP2 — 0.7720.

Reason: a weak dead cross of Tenkan-sen and Kijun-sen; bullish Ichimoku Cloud; strong support of Senkou Span B.

https://fxbazooka.com/analytics/10165

 

[Syazfirul Enterprise]

Pergerakan buy sehingga high 2016 telahpun dipenuhi,dalam keadaan market yang sedang mencari peluang downtrend.Cari retracement candle yang menunjukkan direction sell yang kukuh sehingga next support
R2 0.7400 – Figure – Medium
R1 0.7345 – 23Aug/2016 high – Strong
S1 0.7266 – 23Aug low – Medium
S2 0.7199 – 16Aug low – Strong

 

[Syazfirul Enterprise]

USDCAD
Pasaran hari ini menampakkan kelemahan canadian dollar dengan beberapa news yang memberi high impact movement kepada CAD.Cari titik kelemahan pair ini disekitar 1.2655 dan harga akan meneruskan perjalanan keatas sehingga 1.3500 - 1.4000

 

[Syazfirul Enterprise]

USD/JPY: under the Senkou Span A

Technical levels: support – 100.00; resistance – 100.40.

Trade recommendations:

1. Sell — 100.40; SL — 100.60; TP1 — 99.00; TP2 — 98.50.

Reason: a bearish Ichimoku Cloud; Tenkan-sen and Kijun-sen are horizontal; a strong consolidation under resistance of Senkou Span A.

https://fxbazooka.com/analytics/10218​

 

[Syazfirul Enterprise]

AUD/USD: at the crossroads

Technical levels: support – 0.7540/60; resistance – 0.7590, 0.7620.

Trade recommendations:

1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7620; TP2 — 0.7680.

Reason: Tenkan-sen and Kijun-sen are horizontal; a bearish Ichimoku Cloud, but the Senkou Span B is going up; there is a strong support on the D1-timeframe.

https://fxbazooka.com/analytics/10249​