The Royal Bank of Scotland - After the BoE’s "Super Thursday" (based on efxnews article)
Barclays for EURUSD - The Decision Is Taken (based on efxnews article)
Barclays evaluated the recent NFP data and made the conclusion that
FOMC has already decided about what to tell during the next meeting.
Barclays watched the job data and established the correlation between
job market and FOMC decisions concerning the inyerest rate to be
JP Morgan estimated the false breakout by bouncing back starting to
range between very strong support/resistance levels. Market refused to
make necessary breaks to established good stable trend, says JP Morgan.
Thus, JP Morgan descovered 2 very strong s/r levels:
Skandinaviska Enskilda Banken - Intraday For EUR/USD and USD/CNH (based on efxnews article)
Skandinaviska Enskilda Banken (SEB - Swedish financial group with
headquarters in Stockholm/Sweden) is continuing intra-day forecast. For
now - we are having some analysis for EUR/USD and USD/CNH:
EUR/USD"The pair moved a tad higher (1.1042) than expected before turning around
and falling back lower. A close at current levels (or lower) will
create yet another 55d ma band rejection indicating that the sellers
still are in control. A sustained break below 1.0926 will sharply up a
bearish outlook calling for a swift continuation down to the recent low
USD/CNH"Today’s extremely impulsive move higher has cancelled out the idea that
the move up from the 2014 low point was a three wave upside corrective
move. Today’s break above 6.3014 makes such a wave count obsolete and
instead warns of creating either a more complex upside correction
pattern (theoretically targeting the 6.48-area) OR a having entered a
third of a third wave (allowing for considerably higher levels over the
medium term horizon)."
EUR/USD - bulls in control (based on forexlive article)
EURUSD was up and down again for ranging on the back of the China surprise and the news that Greek creditors reached a deal. The price reached the border between bearishand bullish trend and stopped near some key resistance levels such as 1.1113/1.1215/1.1466.
The bulls market is under control as there are few strong resistance levels on the way for the price to be reversed. For example, 200-SMA value is located at 1.25 on weekly chart and at 1.1466 on daily chart so the price should go quite a long way through many levels on the way to possible reversal. Any fundamental news events may move the pair to be down or increase the choppy situation for the downtrend to come later for this pair.
Currency Wars with Tim Pesut (based on fxstreet article)
China stirred up the global currency war today with a devaluation of their currency, which could be the first of many. Merlin welcomes Tim Pesut
to the show to talk about the ramifications of China’s action and how
it may create trading opportunities going forward. The duo also look at
several listener questions regarding the EURJPY cross pair and specific
BofA Merrill about doubts concerning the ability of the USD to rally further (based on efxnews article)
Bank of America Merrill Lynch is dispalling the doubts about the
ability of the USD to rally further and about the EURUSD to resume the
bearish market condition. Strong USD skeptics are providing some arguments that USD can not be more stronger than now:
Yes, positive Eurozone data surprises, and negative US data surprises, but skeptics are missing 2 additional main arguments:
according to BofA Merrill, the USD will become more stronger compare
with EUR and we will see the price as 1.04/1.05 by the end of this year
Forum on trading, automated trading systems and testing trading strategies
Lahcene Ouled Moussa, 2015.08.13 11:53
To trade these patterns, simply place an order above or below the formation (following the direction of the ongoing trend, of course). Then go for a target that’s at least the size of the chart pattern for wedges and rectangles.
For pennants, you can aim higher and target the height of the pennant’s mast.
For continuation patterns, stops are usually placed above or below the actual chart formation.
For example, when trading a bearish rectangle, place your stop a few pips above the top or resistance of the rectangle.
Lahcene Ouled Moussa, 2015.08.13 11:47
That’s a whole lot of chart patterns we just taught you right there. We’re pretty tired so it’s time for us to take off and leave it to you from here…
Just playin’! We ain’t leaving you till you’re ready!
In this section, we’ll discuss a bit more how to use these chart patterns to your advantage.
It’s not enough to just know how the tools work, we’ve got to learn how to use them. And with all these new weapons in your arsenal, we’d better get those profits fired up!
Let’s summarize the chart patterns we just learned and categorize them according to the signals they give.
UBS AG: short-term strategies for EUR/USD, USD/JPY, AUD/USD (based on efxnews article)
UBS AG is a Swiss global financial companymaking currency forecasts and
some prediction for EUR/USd and some other pairs. They are often
publishing some trade ideas and reviews concerning technicals and
For example, this is their well-known prediction for USDCNY immediate after first CNY devaluation: "We now expect USDCNY trading at about 6.5 by end 2015E instead of 6.3 as previously envisaged, and 6.6 at end 2016E."
please find below very short ideas from UBS concerning EUR/USD, USD/JPY
and AUD/USD. Those idea can be valid for tomorrow and for coming week