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EUR/USD: Moving Averages waiting for bulls 3/8/2017 There’s a local correction, which is taking place on the four-hours chart. Considering that there isn’t any reversal pattern so far, bears are likely going to continue falling down until any bullish model arrives. We’ve got a bullish...

GBP/USD: "Double Top" led to bearish rally 3/8/2017 There’s a “Double Top”, which has been confirmed, so the price reached a support at 1.2179. In this case, bears are likely going to test a support at 1.2120. If a pullback from this level happens, bulls will probably try to reach a...

Prepping for the tomorrow’s ECB meeting 3/8/2017 The ECB meeting will be held tomorrow. The minimum bid rate will be announced at 2:45 pm MT time, the ECB press conference will start at 3:30 pm MT time. Many analysts expect the ECB to maintain its ultra-loose monetary policy unchanged despite...

Key option levels for Wednesday, March 8th 3/8/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 75 367 ? + 316 248 ? Closest resistance levels 1.0613; 1.0644; 1.0666 Closest support levels 1.0566; 1.0540; 1.0504...

Morning brief for March 8 3/8/2017 Markets continue to plough the sand waiting for riskier events to occur later this week – the ECB meeting Thursday and the US employment report. Most analysts believe that the ECB meeting will be a non-event. Draghi bought some time for the QE extension. So...

USD/CHF: bulls play by the rules 3/8/2017 On the USD/CHF daily chart, bulls maintain their control over the pair. This is confirmed by the movement of quotes within the upward trading channel. To regain control over the market, the bears need to return the prices below the level of 1.0045. In...

Gold gave bears free rein 3/8/2017 On the daily chart of gold, a breakout of the supports at $1,244 and $1,220 led to the activation of the "Shark" pattern. If the "bears" manage to hold the quotes below the $1,220 level it can lead to the implementation of the 88.6% target. The nearest support...

AUD/USD: aussie ready to continue falling 3/8/2017 Technical levels: support – 0.7580; resistance – 0.7600. Trade recommendations: 1. Sell — 0.7570; SL — 0.7590; TP1 — 0.7490; TP2 — 0.7420. Reason: expanding bearish Ichimoku Cloud; a cancelled dead cross of Tenkan-sen and Kijun-sen; the...

EUR/USD: euro going to negative area 3/8/2017 Technical levels: support – 1.0520; resistance – 1.0620. Trade recommendations: 1. Sell — 1.0560; SL — 1.0580; TP1 — 1.0520; TP2 – 1.0450. Reason: narrowing bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen...

EUR/USD: wave [ii] going to move on 3/7/2017 Wave [ii] has been moving up after a pullback from 4/8 MM Level. Previously, we’ve got a wedge in wave . Therefore, there’s an opportunity to have a new high. If a pullback from 6/8 MM Level happens, there’ll be a chance to have another decline...

AUD/CHF reversed from support zone 3/7/2017 AUD/CHF reversed from support zone Next buy target - 0.7760 AUD/CHF continues to rise strongly – following the earlier upward reversal from the support zone lying between the key support level 0.7630 (former powerful resistance level which...

USD/JPY: local bearish "Engulfing" 3/7/2017 There’s an “Inverted Hammer”, which has been confirmed enough. In this case, the market is likely going to test the nearest resistance in the short term. If any bearish pattern arrives later on, there’ll be an option to have a new local low...

EUR/GBP broke resistance zone 3/7/2017 EUR/GBP broke resistance zone Next buy target – 0.8800 EUR/GBP continues to rise after the price earlier broke through the resistance zone lying between the key resistance level 0.8630 (which stopped the (b)-wave of the previous minor ABC...

EUR/USD: bearish "Three Methods" 3/7/2017 There’s a bearish “Three Methods”, which hasn’t been confirmed yet. Therefore, the market is likely going to test the 55 Moving Average, which could be a departure point for another decline. We’ve got a “Harami” at the local low, so there’s an...

XAU/USD: short-term outlook 3/7/2017 The gold prices extended their losses on Tuesday having slid to $1220 from this year high at $1264. Bullion futures have been thrown into reverse after Fed officials expressed more willingness to raise interest rates this month. Upcoming US employment report...

Nicolas Darvas: dancing trader 3/7/2017 For the N-th time, we come to believe that successful witty traders are extraordinary and wickedly talented people. In this article, we are going to tell you about one young fella who having escaped from Hungary with forged visa and 50 pounds in the...

Key option levels for Tuesday, March 7th 3/7/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 40 875 ? + 285 621 ? Closest resistance levels 1.0607; 1.0651; 1.0675; 1.0696; 1.0714 Closest support levels 1.0582...

GBP/USD: bears going to deliver a new low 3/7/2017 We’ve got a “Double Top” pattern, which has been confirmed. So, the pair is likely going to test a support at 1.2198 in the short term. Considering a possible pullback from this level, there’s an opportunity to have a decline in the direction...

EUR/USD: bearish "Thorn" 3/7/2017 We’ve got a “Thorn” pattern near a resistance at 1.0640, so the market is likely going to test an area between the nearest support at 1.0552 and the 34 Moving Average. If a pullback from these levels happens, there’ll be an opportunity to have a bullish price...

Morning brief for March 7 3/7/2017 Many a mickle maks a muckle. That’s how I would describe the past sessions. A few geopolitical tensions on the Korean peninsula, investors’ jitters ahead of an imminent FOMC meeting next week, and traditional chit-chat about Trump’s upcoming administrative...