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EUR/USD: bulls going to test the next resistance 3/16/2017 Bulls faced a resistance at 1.0754, so we’ve got a “V-Top” pattern, which pushed the price towards a support at 1.0713. In this case, the market is likely going to test a support at 1.0702 – 1.0678 in the short term. If a pullback...

Key option levels for Thursday, March 16th 3/16/2017 EUR/USD ain trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 175 766 ? + 41 660 ? Closest resistance levels 1.0753; 1.0776; 1.0797; 1.0831 Closest support levels 1.0705; 1.0667...

Morning brief for March 16 3/16/2017 Three is the magic number said FOMC officials and disappointed markets that had been aggressively pricing in 3 or 4 additional hikes this year. Fed Chair Janet Yellen was her usual self repeating Fed’s favorite “gradual” while describing the future path of...

Gold's minute of fame 3/16/2017 On the daily chart of gold after the implementation of the intermediate target 78.6% in the "Shark" pattern, the correction in the direction of 50% of the CD wave has started. Theoretically, it can lead to the transformation of the Shark pattern into the pattern...

USD/JPY: yen launches the counterattack 3/16/2017 On the USD/JPY daily chart, the bulls failed to hold the quotes above 114.65; it was a signal of their weakness. "Bears" launched a counterattack. Now they are ready to return the pair to the borders of the previous descending channel. The...

Review on Grace Cheng's book 3/15/2017 "7 winning trading strategies for trading Forex" is a real pickup for WHYers, WHATers and HOWers, simply because in this book you will find the answers to all possible questions about trading Forex. How to trade various candlestick patterns, breakouts...

USD/JPY: "Window" acting as a resistance 3/15/2017 We’ve got a bearish “Engulfing” on the upper “Window”. Considering a confirmation of this pattern, the market is likely going to test the nearest support line. If any bullish pattern arrives afterwards, there’ll be an opportunity to have a...

EUR/USD: bulls going to test "Window" once again 3/15/2017 The price found a lodgement under the “Window”, but we’re got a “Harami” on the 34 & 55 Moving Averages. Considering a confirmation of this pattern, bulls are likely going to test the upper side of the “Window”, which could be a...

EUR: Dutch parliamentary election guide 3/15/2017 The Dutch will go to the polls today to cast their votes for the parties that will rule the country for the next 4 years. The outcome of the Dutch election is expected to be a bellwether for Europe; they might set a pattern for other key...

GBP/USD: bears taking a rest 3/15/2017 Bears faced a support at 1.2106, so we’ve got a “V-Bottom” pattern. Therefore, the pair is likely going to test the closest resistance at 1.2198. If a pullback from this level happens, there’ll be an opportunity to have another decline. There’s a...

EUR/USD: "V-Bottom" launched bullish correction 3/15/2017 The Moving Averages acted as a support, so we’ve got a “V-Bottom” pattern. Therefore, the market is likely going to test a resistance at 1.0678 in the short term. If a pullback from this level happens, there’ll be an opportunity to...

Banks' forecasts ahead of the FOMC meeting 3/15/2017 After Friday’s US job market report investors priced in 100% probability of a hike at the FOMC meeting scheduled for March 15, 8:00 pm MT time. Fed Chair Janet Yellen in her last speech made it clear that she wouldn’t be against interest rate...

Key option levels for Wednesday, March 15th 3/15/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 19 557 ? + 61 973 ? Closest resistance levels 1.0660; 1.0693; 1.0721; 1.0740 Closest support levels 1.0628; 1.0600...

Morning brief for March 15 3/15/2017 A range of huge sessions is coming up for the market with the FOMC rate announcement along with projections for the US economy followed by Chair Janet Yellen’s news conference a half-hour later. It seems that the case for quarter-hike is already a baked...

AUD/USD: aussie testing Cloud’s resistance 3/15/2017 Technical levels: support – 0.7540, 0.7500; resistance – 0.7640, 0.7610. Trade recommendations: 1. Sell — 0.7560; SL — 0.7580; TP1 — 0.7500; TP2 — 0.7460. 2. Buy — 0.7580; SL — 0.7560; TP1 — 0.7640; TP2 — 0.7670. Reason: bearish Ichimoku...

EUR/USD: euro supported by Cloud 3/15/2017 Technical levels: support – 1.0620, 1.0600; resistance – 1.0660, 1.0700. Trade recommendations: 1. Buy — 1.0620; SL — 1.0600; TP1 — 1.0700; TP2 – 1.0760. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen...

EUR/USD: how euro can train Dragon 3/15/2017 On the EUR/USD daily chart, the "bears" are trying to return quotes to the limits of the downward trading channel. If they succeed, the prices will return to support at 1.0495. In contrast, the spike of the euro above 1.0635 can potentially lead to...

USD/CHF: franc is wandering in the channel 3/15/2017 On the USD/CHF daily chart, the "bears" failed to send the quotes below the support at 1.0045. At the present moment, there is a struggle for an important level of 1.01. A successful test of this level can lead to the continuation of the...

EUR/USD: bearish impulse 3/15/2017 There’re a wedge in wave and a zigzag in wave [ii]. So, the market is likely going to decline in the short term. The main intraday target for bears is 5/8 MM Level. We’ve got an impulse in wave (c) of [ii], which has been ended on 7/8 MM Level. Under...

GBP/USD reached sell target 1.2200 3/14/2017 GBP/USD reached sell target 1.2200 Next sell target - 1.1000 GBP/USD continues to fall inside the intermediate impulse wave (3) – which earlier reversed down from the resistance level 1.2200 (former support level and the sell target set in...