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GBP/USD: BULLISH "PENNANT" 07:35 24.04.2017 The price is consolidating between the levels 1.2911 – 1.2774. Also, we’ve got a “Pennant”, so the market is likely going to achieve the closest resistance at 1.2911 – 1.2945 in the short term. If we see a pullback from this area, there’ll be an...

EUR/USD: HUGE "BREAKAWAY GAP" 07:29 24.04.2017 We’ve got a huge “Breakaway Gap”, so the downtrend has been broken. Bulls faced a resistance at 1.0872, so we’ve got a bearish correction. Therefore, there’s an opportunity to have another upward price movement towards the next resistance at...

USD/CHF: FRANC IS TRYING TO HIT PARITY LEVEL 07:03 24.04.2017 On the USD/CHF daily chart, the "bears" failed to settle down below the important support at 0.9945. It was a signal of their weakness. The bulls can realize the Wolf Waves pattern. For this to happen they need to rise above the...

USD/JPY: BULLS BENEFITED FROM THE GAP FORMATION 06:57 24.04.2017 On the USD/JPY daily chart, the bulls with the help of a gap reached the resistance at 110.2. It corresponds to the lower boundary of the 110.2-111.55 consolidation range. As a result, the Wolf Waves pattern was formed. A breakout...

MORNING BRIEF FOR APRIL 24 06:39 24.04.2017 The biggest winners from the French elections were probably the pollsters who managed to forecast the outcome of the runoff. Let’s pat them on the back; they did a great job having predicted that centrist Emmanuel Macron will face off against...

Key option levels for Friday, April 21st 4/21/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 131 841 ? + 576 006 ? Closest resistance levels...

NZD/USD: bulls were spooked by their own audacity 4/21/2017 On the NZD/USD daily chart, the bulls managed to kick the quotes out of the downward trading channel. But the bears were strong enough not to allow the bulls to move higher. There is a consolidation range within 0.696-0.705 levels. A...

GBP/USD: pound drew an inner bar 4/21/2017 On the GBP/USD daily chart, there is a consolidation after a sudden rebound. After a bar with a wide range, two inner bars were formed. These are the boundaries of the trading range of 1.277-1.286. A breakout of the support will increase the risks of...

Key option levels for Thursday, April 20th 4/20/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 66 285 ↑ + 210 054 ↑ Closest resistance levels...

EUR/USD: bulls took a break 4/20/2017 On the EUR/USD daily chart, there was a rebound of quotes from the lower boundary of the medium-term rising channel with the subsequent breakout of the upper boundary of the short-term downward channel. Bulls managed to settle above the important level of...

USD/CAD: bears faced with the wedge 4/20/2017 On the USD/CAD daily chart, there was a false breakout of the lower border of the upward trading channel. The failure of the bears to keep quotes above the level of 1.3306 showed their weakness. If the bulls manage to test the diagonal resistance in...

Key option levels for Wednesday, April 19th 4/19/2017 If you have any questions or requests fill out the feedback form. USD/JPY Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 3 438 ? + 1 055 ? Closest resistance levels...

Gold prices took a break 4/19/2017 On the daily chart of gold, there is a desperate struggle for an important level $1,286. There is an intermediate 127.2% target in the AB = CD pattern. The bulls' win will lead to the continuation of the rally. In contrast, their defeat can lead to the...

AUD/USD: Aussie chooses south 4/19/2017 On the AUD/USD daily chart, the failure of the bulls to test the resistance at 0.7612 was a signal of their weakness. Quotes returned to support at 0.7523. If it is tested successfully, targets 127.2% and 161.8% in the "Crab" pattern will likely be...

NZD/CAD REVERSED FROM POWERFUL SUPPORT ZONE 15:41 17.04.2017 NZD/CAD reversed from powerful support zone Next buy target - 0.9450 NZD/CAD recently revered up sharply from the powerful support zone lying between the support levels 0.9270 and 0.9220 (which also reversed the price sharply in...

NZD/USD RISING INSIDE IMPULSE WAVE 3 AND (3) 15:39 17.04.2017 NZD/USD rising inside impulse wave 3 and (3) Next buy targets - 0.7070 and 0.7130 NZD/USD continues to rise sharply inside the minor impulse wave 3, which started earlier from the strong support zone lying between the pivotal support...

EUR/USD: BEARS READY FOR WAVE (III) 12:38 17.04.2017 We’ve got a flat pattern in wave (ii). Also, there’s a bearish impulse in wave (i). Therefore, bears are likely going to deliver an impulse in wave (iii) in the short term. The main intraday target is -2/8 MM Level. There’s a diagonal...

OIL MARKET OVERVIEW 12:31 17.04.2017 Crude oil edged down in a subdued trading on Monday as investors are still digesting expansion of the US crude oil production. Benchmark Brent crude futures fell to $55.66 from its last-week high of $56.65. US West Texas intermediate crude futures were down...

USD/JPY: BEARS GOING TO PUSH PRICE EVEN LOWER 12:28 17.04.2017 The main trend is still bearish. Also, there’s a “Three Methods” pattern, which hasn’t been confirmed yet. Therefore, the price is likely going to get a resistance on the nearest “Window”, which could be a departure point for...

EUR/USD: PRICE GOING TO TEST "WINDOW" AGAIN 12:24 17.04.2017 The 34 Moving Average and the upper “Window” have acted as a resistance. However, there isn’t any bearish pattern, so the market is likely going to test the 89 & 144 Moving Averages in the short term. If a pullback from these lines...