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Key option levels for Friday, March 31st 3/31/2017 EUR/USD ain trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 21 248 ? + 39 453 ? Closest resistance levels 1.0713; 1.0761; 1.0786; 1.0829 Closest support levels 1.0662; 1.0628...

Morning brief for March 31 3/31/2017 The euro suffered substantial losses overnight after we received softer than expected German and Spanish inflation releases. Decreasing inflation rate prove that the ECB still needs a very substantial degree of monetary policy accommodation and relieves...

Gold: bulls are losing their control 3/31/2017 On the daily chart of gold, the bulls failed to update the February high, and at the present time, there is a correction to the uptrend. The nearest support levels are located near the $1,236 and $1,229. The resistance is lying at $1,260. Until...

USD/JPY: the yen met the dragon 3/31/2017 On the USD/JPY daily chart, quotes went our from the downward trading channel and broke up the resistance area of 111.55-111.75. Now, this area serves as a solid support. There is a transformation of the "Shark" pattern into 5-0. To restore the uptrend...

Review on the book of Mark Douglas 3/30/2017

USD/TRY: near-term fundamentals and technical levels 3/30/2017 USD/TRY currency pair is now available on the FBS trading platform and we are happy to provide you with the market analysis for your daily trades. General overview Turkish lira is the currency that was worst hit after Fed...

Morning brief for March 30 3/30/2017 The UK has finally filed its divorce papers yesterday. As a wife wanting to scoop all family’s possessions she could lay her hands on, the UK voiced its ambitious demands in a quite menacing tone (the UK PM Theresa May cited “security” 11 times in her letter...

USD/CAD: loonie is on a holiday 3/30/2017 On the USD / CAD daily chart, the bulls failed to test the resistance at 1.3405. This led to the formation of the consolidation range 1.328-1.341. A breakout of the lower border of the upward trading channel followed by successful tests of the supports...

EUR/USD: euro returned to the neckline 3/30/2017 On the EUR/USD daily chart, there is a struggle for the area near the neckline of the "Head and shoulders" inverted pattern. If the "bulls" manage to push quotes above 1.0775, then the pattern will be realized and we will able to count on the...

USD/CAD: technical levels and fundamentals 3/29/2017 General overview In the Tokyo morning, loonie reverted its recent bullish bias and sent prices towards the sturdy support at 1.3350. In the course of the European session, the downward pressure eased and helped USD rise higher...

Formal Brexit: one event – dozens of widely differing opinions 3/29/2017 Article 50 trigger – formal notification of Britain’s intentions to leave the European Union – is a story of the day. The Article will be invoked at 14:30 MT time. Market analysts offer various trading tips. But it’s for...

Key option levels for Wednesday, March 29th 3/29/2017 ATTENTION! You can find all my next publications on FBS website, link - https://fbs.com/analytics/articles EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 71 705 ? -...

Morning brief for March 29 3/29/2017 US dollar rose rejuvenated from its ashes to live another bullish cycle. The US Dollar Spot Index jumped to 99.60. The euro, sterling, swiss franc and the yen were all lower. The British pound experienced a sharp downfall from 1.2450 to 1.2400 after UK PM...

AUD/USD: aussie is dreaming of the north 3/29/2017 On the AUD/USD daily chart, the bears failed to keep quotes below the important support at 0.7605. As a result, the risks of the transformation of the junior inverted "Shark" pattern into 5-0 have increased. If this happens, the update of the...

GBP/USD: bears-bulls -5:0 3/29/2017 On the GBP/USD daily chart, the bulls failed to consolidate above the 1.256 and 1.259 resistance levels. it is a signal of bulls' weakness and of the heightened risks of the transformation of the "Shark" pattern into 5-0. The pullback towards the support at...

Trump trade faded. Are there chances for USD recovery? 3/28/2017 The Trump trade remains on the ropes after Donald Trump failed to repeal the affordable Care Act (dubbed Obamacare). It was the first attempt of the new administration to reform the government and its miserable failure shows that...

Trading formal Brexit trigger – Article 50 3/28/2017 General Information UK Prime Minister Theresa May is going to file divorce papers on March 29 at 14:30 MT time. This will start a two-year process for the UK to negotiate its trade terms with the EU. European Council President Donald Tusk...

Key option levels for Tuesday, March 28th 3/28/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest -No Data- -No Data- Closest resistance levels 1.0896; 1.0927; 1.0954 Closest support levels 1.0867; 1.0831; 1.0795...

Morning brief for March 28 3/28/2017 Last week, Trump’s collaborators failed to garner enough support to a piece of legislation aimed at repealing the Affordable Care Act (Obamacare act) even with a Republican-controlled Congress. It raised fears among the investors over Trump’s inability to...

USD/JPY: Dollar may go lower 3/28/2017 Technical levels: support – 110.40, 109.90; resistance – 110.70, 111.00. Trade recommendations: 1. Sell — 110.70; SL — 111.00; TP1 — 110.40; TP2 — 109.90. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and...