04/21/2014 - 12:08
More Forex news & analytics at FX BAZOOKA By Roman Petuchov Weekly. The global emerging structure is a Zigzag. The correctional wave [b] which is a part of it is complete. In the coming months we expect the pair to rise. Chart. Weekly AUD/USD Daily. Downward impulse is complete . In last section  we saw growth in the first wave of the new uptrend. Chart. Daily AUD/USD H4. The figure shows a detail layout upside impulse, the fourth wave of which took the form of an extended oblique...
04/21/2014 - 12:01
More Forex news & analytics at FX BAZOOKA By Roman Petuchov Daily. USD/JPY is forming the long-term corrective wave IV. When this wave is complete, we’ll see a new uptrend, which will be the wave V. Chart. Daily USD/JPY H12. The more detailed markup tells us that the wave IV is complete. This complex wave took the form of a Double Three. Chart. H12 USD/JPY H4. The wave [y] took the form of a plane wave. In the last section we see the beginning of growth in the wave V. It’s too early to make...
04/21/2014 - 11:57
More Forex news & analytics at FX BAZOOKA By Roman Petuchov Weekly. During the last 8 months the market has been growing within an ascending impulse [C] of B. Consider the layout of the bullish trend. Chart. Weekly GBP/USD Daily. The chart shows the layout of the rising impulse. The pair’s currently forming correctional wave (IV). Chart. Daily GBP/USD H4. GBP/USD is forming the wave (IV) which takes the form of a Zigzag. Once the upward impulse (5) of [C]is complete, the pair will start...
04/21/2014 - 07:34
More Forex news & analytics at FX BAZOOKA By Roman Petuchov Weekly. EUR/USD is forming the wave (Y) of [D] of the convergent horizontal triangle. Chart. Weekly EUR/USD Daily. The wave mentioned above is taking form of a double Zigzag. At present, euro’s forming the final zigzag [A] - [B] - [C]. Chart. Daily EUR/USD H4. In the near term the correctional wave (4) will be over.Tthen the growth will continue within the impulse (5) as it’s shown at the picture. When the wave [C] of Y is...
04/16/2014 - 06:40
More Forex news & analytics at FX BAZOOKA USD/JPY recovered to 102.26. Yen fell as Japanese stocks rose the most in almost two months. The Bank of Japan’s Governor Haruhiko Kuroda told parliament today the central bank will make the utmost effort to achieve 2 percent inflation. Japan’s Topix stock index rose by 2.3%, the most since Feb. 21. AUD/USD rose to $0.9375 after dipping to $0.9336. Aussie erased an earlier loss after a report showed growth was stronger than forecast in China (7.4%...
04/15/2014 - 10:22
Find more news and analytics on FX BAZOOKA Authored by Kira Iukhtenko Despite all the near-term bullish forecasts, the Aussie dollar keeps on consolidating below the psychological $0.9500 mark. AUD/USD trades in a sideways $0.9360/0.9430 range after having peaked at $0.9460 last week. The short-term prospects of the pair are clearly bearish. As can be seen from the weekly chart, AUD slowed the upside after meeting resistance at the bottom of the weekly bearish Ichimoku cloud ($0.9450). Daily...
04/14/2014 - 05:17
More Forex news & analytics at FX BAZOOKA Asian shares swung between gains and losses gave on Monday after a dismal week on Wall Street and tensions in Ukraine sapped investors' appetite for risk, which helped underpin the safe-haven yen. Indicators suggesting China’s economy expanded in the first quarter at the slowest pace since 2009 have spurred speculation the People’s Bank of China will cut banks’ reserve requirements for the first time in almost 2 years. PBOC Governor Zhou Xiaochuan...
04/11/2014 - 05:56
More Forex news & analytics at FX BAZOOKA Asian shares fell from an almost 3-month high amid as an escalating selloff on Wall Street spread to Asia and stronger yen dragged Japanese equities toward their worst week since June. The MSCI Asia Pacific Index declined 1%. Nikkei is down by more than 2%. USD/JPY is trading in the 101.60 area after it hit 101.32 yesterday. Commodity currencies gave up some ground on the back of the increased risk aversion. AUD/USD is trading under bearish pressure...