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THURSDAY'S TRIPLE RIPPLE EFFECT: UK ELECTIONS, COMEY'S TESTIMONY AND ECB MEETING 07:44 06.06.2017 This is all about this Thursday when the UK general election together with the ECB monetary policy meeting will be held and James Comey will testify before Congress on whether Trump pressured him...

USD/CHF: BULLS ARE GRASPING AT STRAW 06:23 06.06.2017 Recommendations: SELL 0,962 SL 0,9675 TP1 0,952 TP2 0,9535, BUY 0,9665 SL 0,961 TP1 0,9745 TP2 0,978. On the USD/CHF daily chart, there is an acceleration of the downtrend. If the Bears manage to keep the quotes below the support at...

EUR/USD: BULLS STRENGTHEN THEIR GRIP 06:22 06.06.2017 On the EUR/USD daily chart, the quotes are moving towards the resistance at 1.1345 (78.6% of the last downward wave). Until the euro breaks the support at 1.117 the pair will be under the Bulls' control. For the development of the...

MORNING BRIEF FOR JUNE 6: IT IS ALL ABOUT THURSDAY 05:47 06.06.2017 Markets today are exceptionally quiet before the great Thursday with ECB meeting, UK general election, and Comey’s testimony all scheduled for the same day. The yen strengthened to 109.86 against the USD in Tokyo reaching its...

GBP/USD: POUND BROKE SSB’S RESISTANCE 05:11 06.06.2017 Technical levels: support – 1.2900; resistance – 1.2980. Trade recommendations: Buy — 1.2920; SL — 1.2900; TP1 — 1.2980; TP2 — 1.3050. Reason: narrowing bearish Ichimoku Cloud and horizontal Senkou Span B; a golden cross of Tenkan-sen and...

EUR/USD: EURO STAYED ABOVE TENKAN-SEN 05:10 06.06.2017 Technical levels: support – 1.1250; resistance – 1.1360. Trade recommendations: Buy — 1.1250/60; SL — 1.1230; TP1 — 1.1340; TP2 – 1.1360. Reason: expanding bullish Ichimoku Cloud, but Senkou Span A is horizontal; a golden cross of...

AUD/JPY REVERSED FROM SUPPORT ZONE 17:17 05.06.2017 AUD/JPY reversed from support zone Next buy target - 84.00 AUD/JPY today reversed up from the support zone lying between the support level 82.00 (which reversed with the daily Hammer the pervious intermediate ABC correction (2) in May)...

NZD/CHF REVERSED FROM SUPPORT ZONE 17:15 05.06.2017 NZD/CHF reversed from support zone Next buy target - 0.7000 NZD/CHF continues to rise after the earlier upward reversal from the support zone lying between the powerful long-term support level 0.6750 (former major resistance level which has...

USD/JPY: BEARISH "TOWER" 13:00 05.06.2017 There's a bearish "Tower" on the 144 Moving Average. However, we've got a pullback from a quite strong support level, so the middle of the last black candle is likely going to act as resistance. If a pullback from this level happens, the lower...

EUR/USD: "WINDOW" ACTED AS RESISTANCE 12:57 05.06.2017 The price reached the upper "Window", which acted as resistance, so we've got a bearish "Tweezers" pattern. Therefore, the market is likely going to decline towards the nearest support level in the short term. However, if any bullish...

GBP/USD: BULLISH "TRIANGLE" 09:06 05.06.2017 The price is consolidating between resistance at 1.2913 and the 34 Moving Average. In this case, the pair is likely going to test the nearest resistance at 1.2913 - 1.2945, which could be a departure point for another decline in the direction of...

EUR/USD: "PENNANT" PUSHING PRICE HIGHER 09:02 05.06.2017 The price faced resistance at 1.1287 - 1.1307, so the market is consolidating. Therefore, bulls are likely going to test the next resistance at 1.1325 in the short term. If we see a pullback from this level, there'll be an opportunity...

USD/CAD: BEARS ARE PREPARING FOR THE ATTACK 06:19 05.06.2017 On the USD/CAD daily chart, the realization of the Wolfe Waves pattern continues. The next move would be the return of quotes within the borders of the downward trading channel. For this to happen, the Bears need to break the support...

AUD/USD: AUSSIE HAD A SLIDE ON THE WOLFE WAVES 06:18 05.06.2017 Recommendation: BUY 0,744 SL 0,7385 TP 0,755. On the AUD/USD daily chart, the Bears failed to break an important support at 0.738; it was a signal of their weakness. Quotes left the medium-term downward trading channel and...

MORNING BRIEF FOR JUNE 5 05:46 05.06.2017 The weekend terrorist attack in London was the main cause of price action in the early hours of the Asian session. The attacker rammed a van into pedestrians on London Bridge and stabbed passersby. The market reaction was subdued with just a small drop...

USD/JPY: DOLLAR GOING TO NEW LOWS 05:16 05.06.2017 Technical levels: support – 110.15; resistance – 110.90. Trade recommendations: Sell — 110.90; SL — 111.10; TP1 — 110.20; TP2 — 119.60. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; Tenkan-sen and Kijun-sen will make a new...

AUD/USD: AUSSIE TESTING CLOUD’S RESISTANCE AGAIN 05:14 05.06.2017 Technical levels: support – 0.7440; resistance – 0.7470. Trade recommendations: Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7340. Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of...

USD/CHF REACHED SELL TARGET 0.9670 16:58 02.06.2017 USD/CHF reached sell target 0.9670 Next sell target - 0.9550 USD/CHF continues to fall inside the minor impulse wave (v) – which started earlier from the resistance zone lying between the resistance level 0.8900, 38.2% Fibonacci correction of...

NZD/USD REACHED BUY TARGET 0.7130 16:56 02.06.2017 NZD/USD reached buy target 0.7130 Next buy target - 0.7200 NZD/USD today broke sharply above the resistance level 0.7130, which was set as the buy target in our earlier forecast for this currency pair. The breakout of the resistance level...

EUR/USD: OUTLOOK FOR JUNE 5 - 9 13:39 02.06.2017 EUR/USD currency pair was trading in a horizontal band during the past week as investors await the European Central bank’s meeting on June 8. ECB policymakers are set to strike a cautious tone about future tightening of monetary policy because of...