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EUR/USD: "Window" acting as a resistance 2/16/2017 We’ve got an “Engulfing” and a “Three White Soldiers”. Moreover, there’s a “Window”, which is acting as a resistance. Therefore, the price is likely going to test the next “Window” in the short term. If a pullback from this levels happens...

Trading strategy with fractals 2/16/2017 Fractals are the technical tools helping to predict a reversal of the dominant trend. A fractal pattern consists of 5 consecutive bars positioned in the predefined order. There are two types of fractals. Bearish fractal A reversal from an uptrend to...

Key option levels for Thursday, February 16th 2/16/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 171 762 ? + 256 923 ? Closest resistance levels 1.0630; 1.0665; 1.0692; 1.0726 Closest support levels 1.0600...

GBP/USD: bulls going to test the next resistance 2/16/2017 Bears faced a support at 1.2386, so there’s a “V-Bottom” pattern, which has been confirmed. Therefore, the market is likely going to continue moving up towards a resistance at 1.2509 – 1.2548. If a pullback from this area happens, the...

EUR/USD: "V-Bottom" launched bullish correction 2/16/2017 The price faced a support at 1.0522, so we’ve got a “V-Bottom” pattern. Therefore, the market is likely going to reach the 89 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have a...

USD/JPY: market supported by Kijun and Cloud 2/16/2017 Technical levels: support – 113.90, 113.60; resistance – 114.30, 114.80. Trade recommendations: 1. Buy — 113.90; SL — 113.60; TP1 — 114.40; TP2 — 114.80. Reason: bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a golden...

AUD/USD: aussie on local highs 2/16/2017 Technical levels: support – 0.7660/70, 0.7690; resistance – 0.7720. Trade recommendations: 1. Buy — 0.7690; SL — 0.7670; TP1 — 0.7780; TP2 — 0.7840. Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a cancelled golden cross of Tenkan-sen and...

Morning brief for February 16 2/16/2017 The US dollar ran out steam in the course of the Asian session as investors took their profits. Wednesday’s US economic data and Fed Chair Yellen testimony lifted the odds for a March hike to 48% from earlier 37%. Coming back to the data, CPI figures for...

EUR/USD: bears are setting up a trap 2/16/2017 On the EUR/USD daily chart, the target on the previously opened shorts has been fulfilled (SELL 1,0667 SL 1,0722 TP 1,0535). After that, the bulls gained control over the market. A rebound from the intermediate target 61.8% in the "Shark" pattern...

Gold: bulls are trying to restore the trend 2/16/2017 On the daily chart of gold, bulls held the level of $1220. At the present moment, they are trying to restore the uptrend. To continue their rally in the direction of $1280 they will need to test the convergence area located at $1250-1257...

EUR/AUD broke support area 2/15/2017 EUR/AUD broke support area Next sell target - 1.3600 EUR/AUD continues to fall after the recent breakout of the support area lying between the support levels 1.4000 and 1.3900, both of which were set as the sell target in our earlier forecast for this...

AUD/JPY broke key resistance level 87.00 2/15/2017 AUD/JPY broke key resistance level 87.00 Next buy target – 89.00 AUD/JPY continues to rise after the earlier breakout of the key resistance level 87.00 (previous buy target, which has been steadily reversing the price from the middle of...

EUR/USD: wave is about to end 2/15/2017 Wave 2 has been formed like a zigzag, so the price is declining in wave . The main intraday target is 6/8 MM Level, which could be a departure point for wave [ii]. As we can see on the one-hours chart, wave is about to end. We’ve got an extension...

USD/JPY: bulls going to test "Window" 2/15/2017 The 13 Moving Average is acting as a support, so we’ve got a bullish “Harami”, which has been confirmed. So, the price is likely going to test the upper “Window” in the short term. If any bearish pattern arrives later on, there’ll be an...

EUR/USD: "Harami" pushed the price lower 2/15/2017 We’ve got a “Three Methods” pattern above the “Window”. Therefore, the market is likely going to continue moving up towards the nearest support level. The lower “Window” acted as a resistance, so we’ve got a “Harami”, which has been...

Bitcoin is poised to become a real asset 2/15/2017 It seems that our whimsical adolescent bitcoin puts hair up acting more like a grown-up financial asset. Its wild swings, seen three years ago, are less evident now. It is becoming less volatile, although its contentious temper still makes...

EUR/USD: on main support 2/15/2017 Technical levels: support – 1.0570; resistance – 1.0640, 1.0700. Trade recommendations: 1. Buy — 1.0570; SL — 1.0550; TP1 — 1.0640; TP2 – 1.0700. Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen and falling lines; the...

GBP/USD: spring continues to shrink 2/15/2017 Technical levels: support – 1.2450; resistance – 1.2500, 1.2560. Trade recommendations: 1. Buy — 1.2450; SL — 1.2430; TP1 — 1.2560; TP2 — 1.2590. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and...

GBP/USD: consolidation going to move on 2/15/2017 The price is consolidating between the 89 Moving Average and the nearest resistance at 1.2548. Therefore, the pair is likely going to rise towards a resistance at 1.2509 – 1.2548. If bull be stopped here, there’ll be an opportunity to have...

EUR/USD: "Double Bottom" stopped bearish rally 2/15/2017 The price faced a support at 1.0551, so we’ve got a “V-Bottom”. Therefore, the market is likely going to continue moving up towards a resistance at 1.0594 – 1.0607. If a pullback from this area happens, there’ll be an opportunity to...