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USD/JPY: bears going to test the nearest support 3/24/2017 The last bearish “Engulfing” hasn’t been confirmed yet. Therefore, the market is likely going to continue moving down towards the nearest support level. If any bullish pattern arrives afterwards, bulls will probably try to deliver an...

EUR/USD: "Window" waiting for bulls 3/24/2017 We’ve got a “Morning Doji Star”, which has been confirmed enough. Therefore, the market is likely going to reach the upper “Window”. If a pullback from this level happens, there’ll be an opportunity to have a bearish correction. There’s a...

GBP/USD: outlook for March 27-31 3/24/2017 The British pound soared to 1.2530 mainly on the upbeat economic releases coming from the UK. CPI figures pushed up through the Bank of England’s 2% target. UK monthly retail sales posted a stronger-than-expected growth of 1.4% having broken a...

GBP/USD: "Double Top" led to bearish correction 3/24/2017 The pair faced a resistance at 1.2522, so we’ve got a confirmed “Double Top”, which pushed the price to a support at 1.2477. In this case, the market is likely going to achieve the next support at 1.2438 – 1.2411 in the short term. If...

EUR/USD: support waiting for bears 3/24/2017 We’ve got a “Double Top”, which has been confirmed, so the price is declining. Therefore, the market is likely going to continue moving down towards the 34 Moving Average. If a pullback from this level happens, there’ll be an opportunity to have an...

Key option levels for Friday, March 24th 3/24/2017 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 23 275 ? - 188 956 ? Closest resistance levels 1.0770; 1.0798; 1.0820(?); 1.0854 Closest support levels...

Morning brief for March 24 3/24/2017 The US dollar regained some losses in the Tokyo session as Trump still didn’t get a vote on his healthcare bill. Yesterday U.S. President said to lawmakers that he wants a vote (up or down) today. Otherwise, he will have to leave Obamacare in place and move...

Gold got in with doji 3/24/2017 On the daily chart of gold, the formation of two doji bars indicates uncertainty. To continue the rally, the bulls will need to update the March high/ A pullback towards $1,242 will lead to the development of correction towards $1,229 and $1,220. In general, the...

USD/CAD: loonie came closer to the Rubicon 3/24/2017 On the USD/CAD daily chart, the bulls managed to hold their positions at 1.3306 (38,2% from the last long-term downward wave) and launch a counterattack.A breakout of the support at 1.3405 will lead to the continuation of the rally towards...

AUD/USD: aussie testing SSB’s support 3/24/2017 Technical levels: support – 0.7600/20, 0.7570; resistance – 0.7670, 0.7700. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7700. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross...

EUR/USD: euro corrected to Kijun-sen 3/24/2017 Technical levels: support – 1.0760, 1.0740; resistance – 1.0800/20. Trade recommendations: 1. Buy — 1.0740; SL — 1.0720; TP1 — 1.0800; TP2 – 1.0820. Reason: bullish Ichimoku Cloud, but the Senkou Span A is falling; a golden cross of Tenkan-sen...

EUR/USD: "Diagonal Triangle" in wave v of (c) 3/23/2017 A Double Zigzag in wave 2 is about to end, so we should keep an eye on +2/8 MM Level as a bullish target. If a pullback from this level be on the table there’ll be time for a new bearish wave. There’s a possible diagonal triangle in...

AUD/USD falling inside minor corrective wave (ii) 3/23/2017 AUD/USD falling inside minor corrective wave (ii) Next sell target - 0.7500 AUD/USD today reached the support level 0.7640, which was indicated as the likely downward target – in case the price failed to overcome the powerful...

USD/JPY: bearish "High Wave" 3/23/2017 There’s a bullish “Engulfing” at the local low. However, there’s also a local bearish “Hanging Man”, which has been confirmed. Therefore, the pair is likely going to test the nearest support line once again. The 21 Moving Average acted as a...

EUR/USD: "Inverted Hammer" pushing the market higher 3/23/2017 We’ve got a bullish “Engulfing” on the nearest support area. If this pattern confirms, the market is likely going to continue moving up in the short term. The 55 Moving Average acted as a support, so we’ve got an “Inverted...

GBP/AUD rising inside primary impulse wave ③ 3/23/2017 GBP/AUD rising inside primary impulse wave ③ Next buy target - 1.6480 GBP/AUD continues to rise inside the primary upward impulse wave ③, which started earlier from the support zone surrounding the powerful support level 1.5900, which...

S&P 500 near-term outlook 3/23/2017 Yesterday the benchmark US S&P 500 stock index hit its lowest level (2341.65) in five weeks. Guess, what was the main fundamental factor that caused this downfall? Your first answer will probably be – Mr. Trump said/did something. And you will be right...

Key option levels for Thursday, March 23rd 3/23/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 29 196 ? + 5 744 ? Closest resistance levels 1.0820; 1.0844; 1.0865; 1.0901 Closest support levels 1.0799; 1.0777...

GBP/USD: local bullish "Flag" 3/23/2017 There’s a flat, which is taking place near the broken downtrend. In this case, the pair is likely going to test the next resistance at 1.2522 – 1.2547 in the short term. However, if a pullback from this area be on the table, bears will probably try to...

EUR/USD: "V-Bottom" pushing the price higher 3/23/2017 The price is consolidating under a resistance at 1.0828. Therefore, the market is likely going to achieve the next resistance at 1.0850 in the short term. If a pullback from this level happens, there’ll be an opportunity to have a bearish...