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USD/JPY: weakness of Bulls 3/7/2017 Technical levels: support – 113.50, 113.30; resistance – 114.00/20. Trade recommendations: 1. Sell — 113.90; SL — 114.00; TP1 — 113.30; TP2 — 113.00. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and...

EUR/USD: euro supported by SSA 3/7/2017 Technical levels: support – 1.0570, 1.0520; resistance – 1.0620, 1.0650. Trade recommendations: 1. Sell — 1.0560; SL — 1.0580; TP1 — 1.0520; TP2 – 1.0450. Reason: narrowing bearish Ichimoku Cloud, falling Senkou Span B; a new weak golden cross of...

NZD/USD: kiwi sank to the bottom 3/7/2017 On the NZD/USD daily chart, the quotes moved beyond the 0.7135-0.724 consolidation range. This allowed to open shorts and lock in profits. If the "bears" manage to keep quotes below the 0.7 level, it can lead to the implementation of the 88.6% target in...

USD/JPY: the yen is at the crossroads 3/7/2017 On the USD/JPY daily chart, there is a struggle for the important level of 114.03. If the "bulls" manage to break this level and test the resistance at 114.65, the risks of implementation of "Head and Shoulders" and "Bat" patterns will increase...

AUD/NZD broke major resistance level 1.0740 3/6/2017 AUD/NZD broke major resistance level 1.0740 Next buy target - 1.0900 AUD/NZD continues to rise sharply after the earlier breakout of the major resistance level 1.0740, which has reversed numerous sharp upward impulse waves from the end of...

NZD/JPY broke support zone 3/6/2017 NZD/JPY broke support zone Next sell target – 78.90 NZD/JPY recently broke below the support zone lying between the key support level 80.50 (which has been reversing this price from the start of December) and the 38.2% Fibonacci correction level of the...

USD/JPY: "Shooting Star" pushing correction lower 3/6/2017 The last “Shooting Star” has been confirmed. In this case, the price is likely going to test the closest support in the short term. If a pullback from this level happens, bulls will probably try to test the nearest local resistance...

What time frame is the best for trading Forex? 3/6/2017 There is no clear-cut answer to this question. Every Forex trader has his/her own preferences, trading techniques, strategies. Some traders need an energy boost, excitement, special drive that comes from trading in and out of the market...

EUR/USD: "Window" acted as a resistance 3/6/2017 We’ve got a “Harami” pattern, but its confirmation is a quite weak. Therefore, bears are likely going to deliver a local correction. At the same time, bulls will probably try to test the upper “Window” once again. There’re a “Harami” and a...

Will be there a stock market crash any time soon? 3/6/2017 Will be there a stock market crash any time soon? Let’s shed the light on this question by looking at some fundamentals US equities skyrocketed to the record levels after the presidential election, as investors anticipated massive tax...

GBP/USD: time for bullish correction 3/6/2017 The price faced a support at 1.2198, which led to form a “V-Bottom” pattern. Therefore, the market is likely going to achieve a resistance at 1.2347 in the short term. However, if we see a pullback from this level, bears will probably try to reach...

EUR/USD: bulls going to test the next resistance 3/6/2017 The price faced a support at 1.0493, so we’ve got a “V-Bottom”, which has been confirmed. The 89 Moving Average is acting as a resistance. So, the market is likely going to reach a resistance at 1.0629 – 1.0640 in the short term. If a...

Morning brief for March 6 3/6/2017 Fed Chair Janet Yellen almost blundered out a secret about the timing of interest rate hike on Friday having confirmed that “fairly soon” can be this March. Fed Vice-Chair chipped in with “if there has been a conscious effort” to raise interest rates, “I’m...

GBP/USD: pound corrected into channel Tenkan-Kijun 3/6/2017 Technical levels: support – 1.2250; resistance – 1.2340, 1.2370. Trade recommendations: 1. Sell — 1.2340; SL — 1.2360; TP1 — 1.2250; TP2 — 1.2220. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of...

EUR/USD: euro returned into Cloud 3/6/2017 Technical levels: support – 1.0570, 1.0520; resistance – 1.0620, 1.0650. Trade recommendations: 1. Sell — 1.0600; SL — 1.0620; TP1 — 1.0520; TP2 – 1.0450. Reason: bearish Ichimoku Cloud, falling Senkou Span B; a dead cross of Tenkan-sen and...

EUR/JPY: bulls hit an iron ceiling 3/6/2017 On the EUR/JPY daily chart, quotes returned to the lower boundary of the last trading channel 121.15-123.8. A break of resistance could lead to the implementation of the target 88.6% in the "Shark" inverted pattern, but the "bears" managed to maintain...

GBP/USD: bears are heading the lead 3/6/2017 On the GBP/USD daily chart, implementation of the "Splash and ledge" allowed "bears" to create a downward trading channel. As long as the quotes are below the resistance at 1.2385, sellers maintain control over the pair. Targets 113% and 161.8% in...

Key option levels for Monday, March 6th 3/5/2017 * Data about changes in the open interest will be available on Monday after 01:50 CT (Central Time) * UPDATED EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 54 741 ? + 68...

Beware of March 15 3/3/2017 Don’t be too excited with Trump’s fiscal stimulus. According to David Stockman, a former businessman who served at the Office of Management and Budget under President Ronald Reagan, there would rather be “a fiscal bloodbath and a White house train wreck like never...

US dollar: outlook for March 6-10 3/3/2017 Results of the past week: The US dollar broke above February highs and reached the highest levels since the beginning of January. The main bullish driver of the American currency was the increased expectations that the Federal Reserve would raise the...