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EUR/USD: euro located under daily resistance 3/28/2017 Technical levels: support – 1.0820; resistance – 1.0930. Trade recommendations: 1. Sell — 1.0930; SL — 1.0950; TP1 — 1.0820; TP2 – 1.0800. Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a new golden cross of Tenkan-sen and...

USD/CHF: bears are heading to the south 3/28/2017 On the USD/CHFdaily chart, there is an implementation of 5-0, "Shark" and AB = CD patterns. Their 88.6% and 161.8% targets allow us to identify the convergence zone (0.9615-0.9665). In this area, the probability of a trend reversal is high. To...

USD/JPY: the yen is accelerating its pace 3/28/2017 On the USD/JPY daily chart, quotes returned to the borders of the downward trading channel. The bears regained control over the pair. We expect the continuation of the downward movements towards i108.8 (50% of the last long-term upward wave)...

EUR/AUD broke resistance zone 3/27/2017 EUR/AUD broke resistance zone Next buy target - 1.4400 EUR/AUD continues to rise after the earlier breakout of the combined resistance zone lying between the resistance level 1.4180 (which stopped the previous sharp (a)-wave earlier this month), the...

USD/CHF reached sell target 0.9890 3/27/2017 USD/CHF reached sell target 0.9890 Next sell target - 0.9750 USD/CHF continues to fall sharply – following the earlier breakout of the pivotal support level 0.9890 (which stopped the previous sharp minor impulse wave 1 in January and which was set as...

Ed Seykota’s profile: common man with great achievements 3/27/2017 Every journalist even mediocre one without a spark of talent before writing an article should think of the structure of his future writing. And I must admit it is a rather stiff task especially when you’re challenged with...

USD/JPY: unstoppable bears 3/27/2017 The price is still declining, so we don’t have any reversal pattern. Therefore, the market is likely going to test the nearest support in the short term. If any bullish pattern arrives afterwards, there’ll be an option to have an upward correction...

EUR/USD: "Three Methods" pushing the price higher 3/27/2017 The price is still rising and there isn’t any reversal pattern so far. Also, we’ve got a new “Window”, which is likely going to act as a support soon. If a pullback from this level happens, there’ll be an opportunity to have a new...

Oil market overview 3/27/2017 At the weekend, a joint committee of energy ministers from OPEC and non-OPEC oil producing countries pledged to consider extending output deal cut for additional 6 months. Venezuela’s Oil Minister Nelson Martinez supported the idea of deal extension. Iraq, Algeria...

GBP/USD: "Triple Bottom" led to new high 3/27/2017 The price is consolidating under a resistance at 1.2522, so we’ve got a “Pennant”. Therefore, the pair is likely going to test the closest resistance at 1.2569 – 1.2581 in the short term. If a pullback from this area happens, there’ll be a...

EUR/USD: "Breakaway Gap" pushed the price higher 3/27/2017 There’s a “Pennant”, which upper side has been broken, so we’ve got a “Breakaway Gap”. Therefore, the price faced a resistance at 1.0850. However, the market is likely going to achieve the next resistance at 1.0873 in the short term...

Morning brief for March 27 3/27/2017 The US dollar ran out of steam in the Tokyo morning. It has weakened significantly against a basket currencies. The main fundamental factor that fueled USD sell-off was President Donald Trump’s failure to replace the 2010 Affordable Care Act (commonly known...

NZD/USD: kiwi wants to rise higher 3/27/2017 On the NZD/USD daily chart, bulls managed to return quotes to the upper border of the downward trading channel. If they manage to test it successfully, there will be a continuation of the rally towards 0.711 and 0.717. In contrast, the rollback from...

EUR/USD: gap formation was favorable for bulls 3/27/2017 On the EUR/USD daily chart, there is an uptrend developing towards 161.8% ? 88.6% targets in the AB=CD and Bat patterns. There was a gap on the technical chart. The bulls managed to test the resistance at 1.0822. Until quotes are still...

AUD/USD: aussie supported by SSB 3/27/2017 Technical levels: support – 0.7600/20, 0.7570; resistance – 0.7670, 0.7700. Trade recommendations: 1. Buy — 0.7620/30; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7700. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of...

GBP/USD: pound is going to 5-W highs 3/27/2017 Technical levels: support – 1.2500, 1.2450; resistance – 1.2550. Trade recommendations: 1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2500; TP2 — 1.2450. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and...

Key option levels for Monday, March 27th 3/25/2017 * 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 + 3 479 ? -...

CAD/CHF broke key support level 0.7450 3/24/2017 CAD/CHF broke key support level 0.7450 Next sell target - 0.7350 CAD/CHF continues to fall after the earlier breakout of the key support level 0.7450 (which stopped the previous sharp minor impulse wave 1 in December, as can be seen below). The...

EUR/CAD reversed from key support level 1.4370 3/24/2017 EUR/CAD reversed from key support level 1.4370 Next buy targets - 1.4500 and 1.4600 EUR/CAD continues to rise after the earlier upward reversal from the key support level 1.4370 (former strong resistance level from December, acting as...

EUR/USD: wave 2 is going to be ended 3/24/2017 Wave 2 is taking form of a double zigzag. The main intraday target for wave (c) of [y] is +2/8 MM Level. If a pullback from this line happens, there’ll be an opportunity to have a bearish wave. As we can see on the one-hour chart, there’s a...