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EUR/JPY: bulls are going to attack 3/21/2017 On the EUR/JPY daily chart, there is a transformation of the inverted "Shark" pattern into 5-0. The return of quotes to the level of 121.8 (23.6% of the CD wave) will increase the risks of recovery of the uptrend. In contrast, a successful test of...

EUR/USD: wave (i) started 3/17/2017 It’s likely that wave [ii] ended on the four-hours chart. Therefore, if a pullback from 8/8 MM Level happens, there’ll be an opportunity to have bearish wave (i). The main intraday target is 6/8 MM Level. There’s a possible diagonal triangle in wave (c)...

USD/CAD: outlook for March 20-24 3/17/2017 USD/CAD slumped to 1.3280 after the FOMC meeting. The decline was short-lived, however. Towards the end of the week, the greenback revived its bullish momentum and rose to 1.3330. Next week we will be waiting for a number of economic releases: retail...

USD/JPY: bears going to deliver new local low 3/17/2017 here’s a bullish “Hammer”, which hasn’t been confirmed. Also, the last candles are bearish, so the market is likely going to decline towards the nearest “Window”. If any bullish pattern arrives afterwards, there’ll be an opportunity to...

EUR/USD: "Window" going to act as a support 3/17/2017 We’ve got a bearish “Tower” on the nearest resistance area. Therefore, the market is likely going to test the lower “Window” in the short term. If a pullback from this level happens, there’ll be an opportunity to have another upward price...

GBP/USD: outlook for March 20-24 3/17/2017 GBP/USD surged to 1.2390. The Bank of England left rates on hold, but its member Kristin Forbes voted for a hike thereby showing that policymakers becoming more and more concerned with a rise in inflation. Her vote surprised the market and made the...

NZD/USD: outlook for March 20-24 3/17/2017 The kiwi dollar jumped to 0.7050 on Wednesday after Fed’s officials refused to accelerate the current pace of the monetary tightening. Towards the end of the past week, there was a pullback towards 0.6970. New Zealand’s annual growth rate slowed...

GBP/USD: technical analysis 3/17/2017 GBP, H4 Bulls faced a resistance at 1.2382, so the price reached a support at 1.2347 afterwards. Also, there’s a developing “Pennant”, so the market is likely going to reach a resistance at 1.2411 in the short term. Nevertheless, if a pullback from this...

EUR/USD: technical analysis 3/17/2017 H4 The price faced a resistance at 1.0774, so the pair is consolidating. Therefore, the market is likely going to reach the next resistance at 1.0797 – 1.0811. If a pullback from this area happens, there’ll be an opportunity to have a decline towards a...

Key option levels for Friday, March 17th 3/17/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 70 513 ? - 4 036 ? Closest resistance levels 1.0790; 1.0812; 1.0840; 1.0865 Closest support levels 1.0776; 1.0753; 1.0712...

NZD/USD: kiwi caught the crab 3/17/2017 On the NZD/USD daily chart, after the implementation of the 88.6% target in the "Bat" pattern, the "bulls" are trying to take the lead. Their goal is to return quotes to the boundaries of the upward long-term channel and restore the uptrend. It is too...

Morning brief for March 17 3/17/2017 The storm after the range of central banks’ meetings died down and a great calm has finally succeeded. USD was a little bit softer against its major peers in the recent session. The reaction to President Trump budget outline released yesterday was really...

GBP/USD: pound wants to rise higher[//B] 3/17/2017 On the GBP/USD daily chart, the implementation of the targets in the "Crab" and AB = CD patterns resulted in the rebound of the prices. After a short consolidation, the bulls launched the counterattack with the intention to test the upper...

USD/CHF reached sell target 1.000 3/16/2017 USD/CHF reached sell target 1.000 Next sell target - 0.9890 USD/CHF continues to fall after the recent breakout of the support level 1.0000, which was set as the sell target in our earlier forecast for this currency pair. The breakout of the...

AUD/NZD reached buy target 1.1000 3/16/2017 AUD/NZD reached buy target 1.1000 Next buy target - 1.1100 AUD/NZD continues to rise after the earlier breakout of the resistance level 1.1000, which was set as the buy target in our previous forecast or this currency pair. The breakout of...

EUR/USD: wave [ii] going to end https://new.fxbazooka.com/img/articles/12890/Image20170316171704001.png As we can see on the one-hour chart, there’s a developing flat pattern in wave [ii]. Also, we’ve got a diagonal triangle in wave (c) of [ii]. If a pullback from the upper side of this...

USD/JPY: bullish "Hammer" 3/16/2017 There’s a bullish “Hammer”, but this pattern hasn’t been confirmed yet. So, the market is likely going to test the Moving Averages. However, bears will probably try to deliver a new local low. We’ve got a “Hammer”, so the pair is likely going to test the...

EUR/USD: "Window" acting as a support 3/16/2017 The lower “Window” is acting as a support. Also, we’ve got a developing “Three Methods”. Considering that there isn’t any reversal pattern so far, bulls are likely going to continue moving up until a bearish model arrives. We’ve got a...

GBP/USD: Moving Average acted as resistance 3/16/2017 There’s a “V-Top” pattern, which has been confirmed, so the price reached a support at 1.2260. Therefore, the pair is likely going to achieve the 34 Moving Average. If a pullback from this line be on the table, there’ll be an option to see...

Post-FOMC comments from banks 3/16/2017 Danske Danske expects the Fed “to hike twice more this year (July and December) and three-four times next year.” The bank’s analysts is bullish on EUR/USD in the short term. In the longer time, the prices are projected to move to the upper level of the...