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EUR/USD: OUTLOOK FOR MAY 1-5 13:14 28.04.2017 EUR/USD opened the week with a bullish gap on the news that a pro-European candidate Emmanuel Marcon won the most votes in the first round of French presidential election. In the second round of the vote on May 7 Macron is expected to win against...

US DOLLAR: OUTLOOK FOR MAY 1-5 12:53 28.04.2017 The US dollar opened the week with a bearish gap formed on the first round of French presidential election. Donald Trump has lived through the first 100 years of presidency. His tax plan has disappointed investors with its lack of details. In...

EUR/USD: BEARISH WAVE (IV) ABOUT TO START 12:51 28.04.2017 The price is testing 7/8 MM Level, which previously has acted as a resistance. So, wave (iii) is likely going to end soon. If the market finds a lodgment under 7/8 MM Level later on, there’ll be an opportunity to have a bearish...

USD/JPY: STRONG "WINDOW" 12:45 28.04.2017 The last “Engulfing” pattern is still unconfirmed. So, the 89 Moving Average is likely going to act as a support. If a pullback from this line happens, bulls will probably try to test the upper “Window” There’s a strong support by the lower...

AUD/USD OUTLOOK FOR MAY 1-5 12:43 28.04.2017 Aussie declined from 0.7585 to 0.7440 in the course of the past week following the disappointing outcome for CPI figures. Annual core inflation data accelerated to just below the lower end of the Reserve Bank of Australia’s target underscoring its...

GBP/USD: OUTLOOK FOR MAY 1-5 12:41 28.04.2017 The British pound spiked to 1.2940 despite a disappointing UK GDP figures for the first quarter of 2017. Although GBP is overbought it has room for an extension to 1.2950 in the short term. In the longer term, the upward momentum might disappear as...

EUR/USD: "EVENING STAR" STOPPED BULLS 12:41 28.04.2017 The price has reached the nearest resistance area, but there isn’t any reversal pattern so far. Therefore, there’s an opportunity to have a local correction in the short term. Nevertheless, bulls are likely going to continue pushing the...

USD/JPY: OUTLOOK FOR MAY 1-5 11:19 28.04.2017 USD/JPY hit 111.75 in the beginning of the past week boosted by a market-friendly first round French election result. Then, USD erased some of its gains following the release of one-page Trump's tax plan. On Thursday, the Bank of Japan released its...

GBP/USD: BULLS GOING TO CLIMB EVEN HIGHER 07:44 28.04.2017 The last “Pennant” pattern led to a new high. So, the market is likely going to test the nearest resistance at 1.2945 – 1.2995 in the short term. However, if bulls be stopped here, there’ll be an opportunity to have a bearish...

EUR/USD: BEARS GOING TO TEST MOVING AVERAGES 07:40 28.04.2017 The price is consolidating under a resistance at 1.0951. Also, there’s a possible “Triple Top” pattern, so the market is likely going to decline towards the nearest support at 1.0819 – 1.0729. If we see a pullback from this area...

USD/JPY: WEDGE STOPPED THE BULLS 06:44 28.04.2017 Recommendations: SELL 110,9 SL 111,45 TP 109,6, BUY 111,6 SL 111,05 TP 112,8. On the USD/JPY daily chart, the bulls faced the resistance at 111.55. If it is tested successfully, there will be the continuation of the rally and the implementation...

NZD/USD: KIWI CATCHES UP WITH THE BAT 06:43 28.04.2017 Recommendation: SELL 0,6915 SL 0,697 TP 0,68. On the NZD/USD daily chart, the quotes' exit from the consolidation range of 0.6980-0.7050 and from the triangle allowed the bears to restore the downtrend. Targets in the AB = CD and Bat...

MORNING BRIEF FOR APRIL 28 06:27 28.04.2017 The ECB monetary policy meeting and Draghi’s press conference were in the spotlight yesterday. The Governing Council of the bank left its interest rates unchanged having pledged to maintain them at present or lower levels for an extended period of...

USD/JPY: TRADING IN TENKAN-KINJUN 05:34 28.04.2017 Technical levels: support – 110.80, 110.50; resistance – 111.50. Trade recommendations: 1. Sell — 111.10; SL — 111.30; TP1 — 110.50; TP2 — 110.10. Reason: bullish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and...

GBP/USD: TESTING HIGHS AGAIN 05:32 28.04.2017 Technical levels: support – 1.2810; resistance – 1.2900, 1.2950. Trade recommendations: 1. Buy — 1.2900; SL — 1.2880; TP1 — 1.2950; TP2 — 1.2980. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and...

GBP/USD: "V-TOP" PUSHING PRICE LOWER 06:56 27.04.2017 The price is consolidating between the levels 1.2911 – 1.2773. Considering the last “V-Top” pattern, the market is likely going to reach the nearest support at 1.2726. If a pullback from this level be on the table, there’ll be an...

USD/JPY: "ENGULFING" PUSHING PRICE TOWARDS "WINDOW" 13:04 27.04.2017 There’s a bearish “Engulfing”, but a confirmation of this pattern is a quite weak. Therefore, the price is likely going to reach the 89 Moving Average. If we see a pullback from this line, bulls are likely going to deliver a...

EUR/USD: "WINDOW" GOING TO ACT AS SUPPORT AGAIN 13:00 27.04.2017 We’ve got a “Tweezers” pattern at the last high. Considering a confirmation of this pattern, the market is likely going to test the nearest “Window”, which could act as a support. If a pullback from this level happens, there’ll...

USD/CAD, USD/MXN: WHAT HAPPENS WHEN TRUMP CHANGES HIS MIND 12:18 27.04.2017 Mexican Peso and loonie made intraday reversals after President Donald Trump said he wasn’t going to terminate NAFTA at this time, just a day after his administration had been considering an executive order exiting this...

EUR/USD: WAVE (IV) STARTED 11:56 27.04.2017 Wave (iii) has been ended on 7/8 MM Level, so it’s time for correction. In this case, bears are likely going to form wave (iv) in the short term. The main intraday target is 4/8 MM Level. We’ve got a pullback from 7/8 MM Level on the one-hour...