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GBP/CHF broke support level 1.2340 3/14/2017 GBP/CHF broke support level 1.2340 Next sell target - 1.2120 GBP/CHF continues to fall after the recent breakout of the support level 1.2340 (former strong support level from January and February). The breakout of the support level 1.2340...

USD/JPY: bearish "Harami" 3/14/2017 The last “Harami” led to the current decline. Also, there’s a “High Wave”, which has been confirmed enough. Therefore, the market is likely going to test the nearest resistance in the short term. We’ve got a local bearish “Harami”, which has a...

EUR/USD: bears came back 3/14/2017 The nearest “Window” acted as a resistance, so we’ve got an “Engulfing” pattern, which has been confirmed. So, if a pullback from the 144 Moving Average happens, there’ll be an opportunity for a local correction. However, bears will probably try to deliver a...

How to measure market sentiment 3/14/2017 Market sentiment is a generalization of the overall dominating emotion of the majority of traders, investors. It determines the current trend of the market, as well as helps to identify the future path of the quotes and build a savvy trading strategy...

Oil prices: never-ending war for market share 3/14/2017 The past week was really disastrous for oil prices. Brent oil futures dropped to $51 on Friday. At the present moment, prices are trading a little bit higher ($51.20), but the last week pressure is still in force. The price crash was a...

GBP/USD: angry bears 3/14/2017 Bulls faced a resistance at 1.2260, so we’ve got two “Thorns” in a row. In this case, the market is likely going to continue falling down towards the next support at 1.2106 – 1.2084. If we see a pullback from this area, there’ll be an opportunity to have an...

EUR/USD: "Double Top" stopped bulls 3/14/2017 The price faced a resistance at 1.0732, so we’ve got a “Double Top”, which pushed the pair towards a support at 1.0640. Therefore, the market is likely going to continue falling down in the direction of the next support at 1.0594 – 1.0588. If a...

Key option levels for Tuesday, March 14th 3/14/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 2 483 621 ? - 1 577 361 ? Closest resistance levels 1.0667; 1.0686; 1.0708 Closest support levels 1.0633; 1.0600; 1.0580...

Morning brief for March 14 3/14/2017 The UK Parliament has passed the Brexit bill, giving the government permission to trigger Article 50 and begin talks with EU. Today, the bill could receive the royal assent and become a law. Downing Street sources said that Ms. May prefers waiting until the...

USD/JPY: Dollar supported by Kijun-sen 3/14/2017 Technical levels: support – 114.50/60; resistance – 115.50, 116.20. Trade recommendations: 1. Buy — 114.80/90; SL — 114.60; TP1 — 115.50; TP2 — 116.20. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of...

EUR/USD: euro corrected to Tenkan-sen 3/14/2017 Technical levels: support – 1.0650, 1.0620; resistance – 1.0700/20. Trade recommendations: 1. Buy — 1.0620; SL — 1.0600; TP1 — 1.0700; TP2 – 1.0760. Reason: bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and...

Gold: bulls grabbed hold of the level 3/14/2017 On the daily chart of gold, the target 88.6% in the "Shark" pattern hasn't been implemented. "Bulls" managed to hold their positions at the important level of $1205. If they manage to hold there longer, the prices may return towards the resistance...

EUR/JPY: euro caught the Shark 3/14/2017 On the EUR/JPY daily chart, the target 88.6% in inverted "Shark" pattern has been implemented. Further on, the situation can develop according to one of two scenarios: the update of the March maximum will lead to the continuation of the rally towards...

AUD/NZD reached buy target 1.0900 3/13/2017 AUD/NZD reached buy target 1.0900 Next buy target - 1.1000 AUD/NZD continues to rise after the earlier breakout of the key resistance level - 1.0900, which was set as the buy target in our previous forecast for this currency pair. The...

AUD/JPY rising inside impulse wave 3, (3) 3/13/2017 AUD/JPY rising inside impulse wave 3, (3) Next buy target – 87.40 AUD/JPY continues to rise inside the minor impulse wave 3, which started earlier from the support area lying between the support level 86.00 (which also previously...

EUR/USD: wave [ii] ended 3/13/2017 We’ve got a pullback from 7/8 MM Level, so wave [ii] has been ended. Previously, a wedge in wave was formed. Therefore, the market is likely going to decline in the short term. The main intraday target is 5/8 MM Level. The last bullish impulse has been...

USD/JPY: bearish "Harami" 3/13/2017 There’s a confirmed bearish “Harami”, so the price is likely going to test the nearest support. If a pullback from this level happens, there’ll be an opportunity to have a local correction towards the upper “Window” The last “Doji” and “Tower” led to the...

EUR/USD: "Engulfing" on the "Window" 3/13/2017 We’ve got an “Engulfing” pattern on the upper “Window”. So, the market is likely going to test the 144 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have another bullish price movement...

Hetty Green – the Witch of Wall Street 3/13/2017 Every trader has a special itch for money. We don’t want to say that it’s bad. For people who work in finance having an earnest interest in money is a necessity. In this article, we would like to condemn misers, those whose ultimate goal in...

AUD/USD: outlook for March 13-17 3/13/2017 Australian dollar slid to 0.7490 in the past week pressured by surging US bond yields and weaker commodity prices. On Friday, Aussie regained some of its weekly losses after monthly US job report and rose to 0.7555. The main focus of this week will be...