Search results

EUR/USD: BULLS GOING TO TEST LAST HIGH 12:00 15.05.2017 The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line. Therefore, the market is likely going to continue moving up towards the nearest resistance level. The price has...

GBP/USD: BANKS’ NEAR-TERM FORECASTS 10:20 15.05.2017 Bank of America FX Strategy Research notes that GBP has been broadly lower in the aftermath of the BoE decision with some of the main pairs having failed to break through resistance in recent weeks. Sterling fell on last Thursday following...

GBP/USD: RESISTANCE WAITING FOR BULLS 07:47 15.05.2017 The 55 Moving Average has acted as support, so we've got a "Double Bottom" on this line. Therefore, the pair is likely going to rise towards the closest resistance at 1.2964 - 1.2995. If a pullback from this area happens, we should keep...

EUR/USD: BULLS GOING TO TEST DOWN TREND 07:44 15.05.2017 There's a "Triple Bottom", so the market is likely going to test resistance near the downtrend. However, considering the previously formed "Triple Top" and "Breakaway Gap", there's an opportunity to have a decline towards the 55 Moving...

Key option levels for Monday, May 15th 15/05/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest - 209 711 ? - 621 682 ? Closest resistance levels...

EUR/JPY: EURO FACED WITH THE WEDGE 06:16 15.05.2017 Recommendations: SELL 123,6 SL 124,15 TP1 122,25 TP2 120,8, BUY 124,3 SL 123,75 TP1 125,2 TP2 128. On the EUR/JPY daily chart, bears are preparing for the counterattack to stop the rally towards 161.8% target in the Crab pattern. If...

GBP/USD: BULLS TRY TO RESTORE THE TREND 06:14 15.05.2017 On the GBP/USD daily chart, bulls retained the hold of the support at 1.286. The pin bar formation increases the risks of uptrend restoration towards1.307. There is a target 161.8% in the AB = CD. To develop a correction, the bears need...

MORNING BRIEF FOR MAY 15 05:56 15.05.2017 Brent oil futures jumped to $51.65 on the report from Saudi energy minister Khalid Al Galih and his Russian counterpart Alexander Novak had agreed to extend oil output cuts by OPEC and non-OPEC producers through the end of the first quarter of 2018 to...

AUD/USD: AUSSIE TESTED A RESISTANCE OF CLOUD 05:15 15.05.2017 Technical levels: support – 0.7370; resistance – 0.7420, 0.7470. Trade recommendations: Buy — 0.7400; SL — 0.7380; TP1 — 0.7470. Sell — 0.7470; SL — 0.7490; TP1 — 0.7380; TP2 — 0.7340. Reason: narrowing bearish Ichimoku Cloud...

EUR/USD: BULLS FEELS CONFIDENT 05:13 15.05.2017 Technical levels: support – 1.0890; resistance – 1.0940, 1.0980. Trade recommendations: Buy — 1.0890; SL — 1.0870; TP1 — 1.0940; TP2 – 1.0980. Reason: narrow bullish Ichimoku Cloud, but rising Senkou Span B; a cancelled dead cross of Tenkan-sen...

AUD/NZD REVERSED FROM POWERFUL SUPPORT ZONE 12:57 12.05.2017 AUD/NZD reversed from powerful support zone Next buy target - 1.0920 AUD/NZD recently reversed up sharply from the powerful support zone lying at the intersection of the pivotal support level 1.0650 (which has been reversing the price...

AUD/CHF REACHED BUY TARGET 0.7320 12:54 12.05.2017 AUD/CHF reached buy target 0.7320 Next buy target - 0.7520 AUD/CHF continues to rise steadily – after the earlier breakout of the resistance level 0.7320, which was set as the buy target in our previous forecast for this currency pair. The...

EUR/USD: BEARISH CORRECTION ON THE WAY 12:49 12.05.2017 There's a possible bearish impulse in wave (i), which is in progress. Previously, wave 2 has ended in the form of a double zigzag. Therefore, the market is likely going to continue moving down in wave (i) in the short term. As we can...

USD/JPY: "HAMMER" AND "INVERTED HAMMER" 12:35 12.05.2017 We've got a "Hammer" and an "Inverted Hammer" at the local low. So, the price is likely going to test the last high in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a decline towards the...

EUR/USD: BULLISH "HAMMER" 12:33 12.05.2017 There's strong resistance by the upper "Window". At the same time, we've got a bullish "Harami" at the last low, but confirmation of this pattern is a quite weak. Therefore, the price is likely going to test the "Window" once again. If a pullback...

GBP/USD: BEARISH "PENNANT" 07:38 12.05.2017 The 55 Moving Average is acting as a support. Also, there's a "V-Bottom", so the price is consolidating. In this case, bears are likely going to test support at 1.2865 in the short term. If we see a pullback from this level, bulls will probably try...

EUR/USD: BEARS READY TO GO 07:33 12.05.2017 The price is consolidating between the 34 & 55 Moving Averages. Considering the last "Triple Top" pattern, the market is likely going to test the nearest support at 1.0819 - 1.0729, which was formed by the "Breakaway Gap". If a pullback from this...

GBP/USD: POUND RETURNED TO CLOUD 05:22 12.05.2017 Technical levels: support – 1.2850; resistance – 1.2915, 1.2950. Trade recommendations: Sell — 1.2900; SL — 1.2920; TP1 — 1.2810; TP2 — 1.2710. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and...

EUR/USD: EURO ENTERED INTO CLOUD 05:21 12.05.2017 Technical levels: support – 1.0820; resistance – 1.0940, 1.0980. Trade recommendations: Buy — 1.0820; SL — 1.0800; TP1 — 1.0940; TP2 – 1.0980. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and...

EUR/AUD REVERSED FROM KEY RESISTANCE LEVEL 1.4900 16:54 11.05.2017 EUR/AUD reversed from key resistance level 1.4900 Next sell target - 1.4650 EUR/AUD has been falling in the last few trading sessions after the earlier sharp downward reversal from the key resistance level 1.4900 (which stopped...