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USD/CAD: outlook for March 13-17 3/13/2017 USD/CAD spiked to its highest levels since December 29 thanks to growing expectation of the Fed’s March rate hikes and falling oil prices. An ultra-strong ADP jobs report caused the market to price in an upbeat NFP release which resulted in a US dollar...

USD/JPY: outlook for March 13-17 3/13/2017 USD/JPY spiked to 115.50 in the course of the past week but failed to hold its position on Friday after the US job market report. The Bank of Japan will announce its rate decision on Thursday. According to surveys of market analysts, the bank will...

GBP/USD: support waiting for bears 3/13/2017 The pair is moving up and down between the levels 1.2179 – 1.2048. Nevertheless, the market is likely going to test the closest resistance at 1.2198 – 1.2231 in the short term. If a pullback from this area be on the table, there’ll be a chance to...

EUR/USD: bulls going even higher 3/13/2017 Bulls faced a resistance at 1.0713, but the market is likely going to continue moving up towards the next resistance at 1.0732 – 1.0754. If a pullback from this area happens, there’ll be an opportunity to have a downward correction, so we should keep...

Morning brief for March 13 3/13/2017 The US dollar weakened against its major peers at the beginning of this eventful week with BoE, BoJ, Fed’s monetary policy settings, G20 meeting, a potentially divisive election in the Netherlands. EUR/USD is trading above 1.0700. The European currency hit...

AUD/USD: correction may continue to Cloud 3/13/2017 Technical levels: support – 0.7540, 0.7490; resistance – 0.7580, 0.7610. Trade recommendations: 1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7540; TP2 — 0.7480. Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a dead cross of Tenkan-sen...

GBP/USD: pound entered into channel Tenkan-Kijun 3/13/2017 Technical levels: support – 1.2160; resistance – 1.2200/15 . Trade recommendations: 1. Sell — 1.2200; SL — 1.2220; TP1 — 1.2100; TP2 — 1.2060. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of...

NZD/USD: kiwi caught a Bat 3/13/2017 On the NZD/USD daily chart, target 88.6% in the "Bat" pattern has been implemented. At the present time, this pattern can be transformed into 5-0. This implies a 50% correction in the direction of 0.7070 and restoration of the downtrend. On the NZD/USD...

USD/JPY: bulls are doubting in their strength 3/13/2017 On the USD/JPY daily chart, within the inverted "Head and shoulders" and "Bat" patterns, a pin bar was formed. It is a signal of the bulls' weakness. If the "bears" manage to keep quotes below the 114.65 level, the prices may fall towards...

Key option levels for Monday, March 13th 3/11/2017 * Data about changes in the open interest will be available on Monday after 01:50 CT (Central Time) * UPDATED EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 89 456 ...

CHF/JPY broke resistance level 113.70 3/10/2017 CHF/JPY broke resistance level 113.70 Next buy target - 115.40 CHF/JPY continues to rise after the earlier breakout of the resistance level 113.70 (which reversed the previous intermediate ABC correction (B) in February, as can be seen...

USD/JPY reached buy target 115.00 3/10/2017 USD/JPY reached buy target 115.00 Next buy target – 117.00 USD/JPY recently broke above the resistance level 115.00 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 115.00...

USD/JPY: broken "Window" 3/10/2017 Bulls went through the “Window”, so the price is rising. Meanwhile, the market is likely going to test this “Window” again. If we see a pullback from this level, there’ll be an opportunity to have another bullish price movement. We’ve got a bearish “Doji”...

EUR/USD: bulls going to test "Window" once again 3/10/2017 The last “Engulfing” and “Three Methods” patterns pushed the market higher. Therefore, the price is likely going to test the 144 Moving Average during the day. If a pullback from this line happens, there’ll be an opportunity to have a...

NFP forecasts from banks 3/10/2017 The US Labor department releases its February jobs report at 3:30 pm MT time. The market’s majority expects the following figures: NFP – 200K, unemployment rate – 4.7%. Without further ado, there are some forecasts from banks and some comments from the WSJ...

Morning brief for March 10 3/10/2017 Lull before the NFP data… The Asian session was light for news and data flow. We got upbeat Australian housing data and a bit disappointing Japan’s MoF Business outlook showing a slide in business sentiment and thereby highlighting the need for BoJ’s policy...

GBP/USD: bears pushing the price lower 3/10/2017 The price is consolidating in a range of a support area between the levels 1.2179 – 1.2048. So, the pair is likely going to test a support at 1.2120 in the short term. If a pullback from this level be on the table, bulls will probably try to...

EUR/USD: price going to consolidate 3/10/2017 The price faced a support at 1.0520, so we’ve got a “V-Bottom” pattern. Bulls reached a resistance at 1.0619 afterwards, so the price is consolidating. In this case, bears are likely going to test an area between the 34 Moving Average and the...

USD/JPY: Dollar going to new highs 3/10/2017 Technical levels: support – 114.90; resistance – 116.30. Trade recommendations: 1. Buy — 114.90; SL — 114.70; TP1 — 116.00; TP2 — 116.30. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and...

AUD/USD: expected correction 3/10/2017 Technical levels: support – 0.7490; resistance – 0.7560. Trade recommendations: 1. Buy — 0.7520; SL — 0.7500; TP1 — 0.7560; TP2 — 0.7590. Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong...