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USD/CHF: bulls got too excited 4/11/2017 On the USD/CHF daily chart, the realization of the Wolf Waves pattern continues An update of the April high will allow the bulls to count on the continuation of the rally and the implementation of the 1.0203 target. If they succeed, the chances for the...

GBP/USD: triangle didn't help the bears 4/11/2017 On the GBP/USD daily chart, there is a formation of the "Splash and ledge" pattern on the basis of 1-2-3. The pound is consolidating in the range of 1.237-1.256. A breakout of the diagonal resistance (the upper limit of the downward trading...

Morning brief for April 10 4/10/2017 US yields moved higher on Monday as increased geopolitical risks pushed investors to favor safe-haven assets. The US missile strikes were seen as a warning to Syria’s President Bashar al-Assad to stop using chemical weapons in the ongoing civil war. Friday’s...

Key option levels for Monday, April 10th If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 28 123 ? + 69 379 ? Closest resistance levels 1.0617...

NZD/USD: kiwi is losing its ground 4/10/2017 On the NZD/USD daily chart, there is a realization of 5-0 pattern. The failure of bulls to push quotes beyond the downward trading channel shows their weakness. There can be a continuation of the downward movement towards 0.674. There is 161.8%...

EUR/USD: bulls built strongholds 4/10/2017 On the EUR/USD daily chart, the bears successfully attacked the bulls' strongholds located near 1.0635. The immediate support is located near 1.05. If it is broken, the "Shark" pattern with target 88.6% will be activated. On the EUR/USD hourly...

Key option levels for Friday, April 7th 4/7/2017 If you have any questions or requests fill out the feedback form. Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 29 338 ? + 156 643 ? Closest resistance levels 1.0682; 1.0723...

EUR/JPY: bears play cat and mouse 4/7/2017 On the EUR/JPY daily chart, the "bears" have implemented the targets on the short positions and reached support at 117.35. A successful test of this level will lead to the continuation of a downward movement towards the convergence zone 116.55-116.75...

Gold resurfaced 4/7/2017 On the daily chart of gold, there was a breakout of the important resistance at $1262 per ounce. As a result, the AB = CD pattern has been activated. Its 200% target is located near $1335. To reach this target, the bulls will need to push quotes out of the long-term...

EUR/USD outlook after today’s Draghi’s speech 4/6/2017 ECB Governor Mario Draghi made a scheduled speech earlier today. Overall, his comments were dovish. It seems that the central bank officials are starting to talk down markets’ taper expectations. The CB head Draghi said that there is no...

Ahead of Donald Trump-Xi Jinping meeting 4/6/2017 US President Donald Trump is meeting China’s President Xi Jinping at his Mar-a-Lago resort later today. While Trump treated Japan’s PM Abe to golf, no such outing is planned for the leader of China. So, it is going to be all business, nothing...

Morning brief for April 6 4/6/2017 Traders were toiling like galley slaves overnight as there were plenty of economic releases that led to some intraday moves. ADP payrolls showed a gain of 263K vs consensus 184K. It is a great result for the current point of the business cycle, and since the...

USD/CAD: bulls are forcing their way through 4/6/2017 On the USD/CAD daily chart, a breakout of the resistance at 1.3405 will allow us to talk about the continuation of the implementation of the 5-0 pattern. After a rollback in the direction of 50% level of the CD wave, the bulls managed to...

USD/JPY: a further downfall is not ruled out 4/6/2017 On the USD/JPY daily chart, the bulls failed to push quotes outside the downward trading channel. The 5-0 pattern has been fulfilled. Rollback from the 38.2% level of the CD wave allowed us to open short positions. The update of March lows...

Key option levels for Wednesday, April 5th EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 291 ? - 228 ? Closest resistance levels 1.2464; 1.2492; 1.2533; 1.2567 Closest support levels 1.2414; 1.2380; 1.2340; 1.2295...

AUD/USD: will Aussie catch a crab? 4/5/2017 On the daily chart, bears managed to reach 78.6% target of the Gartley pattern. If the current support at 0.7540 doesn's stop them, Gartley will transform into Crab pattern will increase the risks of decline towards 0.7315. The necessary condition for...

GBP/USD: bears are pulling down 4/5/2017 On the daily chart bears managed to lead the quotes out of the descending channel. This increases the risks of triggering "Bat" pattern with a target at 88.6%. The necessary condition of this scenario is the successful test of support at 1.2370. On the...

Key option levels for Monday, April 3rd 4/3/2017 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 18 496 ? - 36 800 ? Closest resistance levels 1.0706; 1.0752; 1.0778; 1.0820 Closest support levels 1.0660; 1.0628...

NZD/USD: bulls are running out of power 4/3/2017 On the daily chart, NZD/USD made several attempts to bring the quotes outside of the descending channel but failed. In order to break the short-term descending trend, the buyers need a successful test of 0.7070. On the other hand, the return of...

EUR/JPY: bears are moving south 4/3/2017 On the daily chart, EUR/JPY is trading within descending channel. The bears keep the pair under control, and successful test of support at 118.6 will strengthen the risks of decline towards 117.35 and 116.6. The bulls still have chances to change the...