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GBP/USD reached sell target 1.2400[/]B] 3/1/2017 GBP/USD reached sell target 1.2400 Next sell target – 1.2200 GBP/USD continues to fall after the earlier breakout of the key support level 1.2400 (previous sell target, which reversed the earlier waves (1), 1 and (b), as can be seen from...

EUR/USD: wedge is about to end 3/1/2017 There’s a wedge, which is taking place on the four-hours chart. The price is going to test the lower side of this pattern and 4/8 MM Level. If we see a pullback from these levels, there’ll be an opportunity to have a local bullish correction. Wave...

Trade signals from BofA Merrill 3/1/2017 Analysts from BofA Merrill suggest you going short on EUR/AUD as there is a combination of three bearish signals on the weekly technical chart: a bearish crossover of the moving averages, a breakdown of the long-term uptrend, and a broad triangle top...

USD/JPY: correction is coming 3/1/2017 There’s a bullish “Engulfing”, which has been confirmed. Considering that there isn’t any reversal pattern, the market is likely going to test the nearest resistance. If a pullback from this level happens, bears will probably try to test the 55 Moving...

EUR/USD: bears broke "Window" 3/1/2017 The 55 & 89 Moving Averages acted as a resistance, so we’ve got an “Engulfing”, a “High Wave” and an “Inverted Hammer”, which all have been confirmed. Therefore, the market is likely going to test the nearest resistance, which could be a departure point...

Review on Nassim Taleb's book 3/1/2017 As the old saying goes: “A promise is a promise”. In our article about Nassim Nicolas Taleb, we promised to cover his writings in our “Book review” section. So, let it be the day of our reckoning. The Black Swan is about the crucial impact of highly...

In the run-up to the BoC rate announcement 3/1/2017 To raise, or not to raise - that is the question The Bank of Canada is poised to deliver its interest rate decision at 17:00 MT time. Market participants don’t anticipate any significant changes from the BoC, neither they expect great...

Key option levels for Wednesday, March 1st 3/1/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest -No Data- -No Data- Closest resistance levels 1.0562; 1.0598; 1.0616; 1.0636; 1.0667 Closest support levels 1.0531; 1.0492...

GBP/USD: "Double Top" led to decline 3/1/2017 There’s a “Double Top”, which has been confirmed, so we’ve got a new low. In this case, the pair is likely going to decline towards a support at 1.2315 – 1.2277 in the short term. Meanwhile, bulls will probably try to test a resistance at 1.2386 –...

Morning brief for March 1 03/01/2017 President Trump’s speech was the main focus of the past session. There was a lot of food for political debates, while economists were left with empty stomachs as the US President didn’t provide them with the details of the border adjustment tax reform. In...

EUR/USD: bears going to test the next support 3/1/2017 There’s a “Triple Top”, which has been confirmed, so the price came back into downward channel. So, the market is likely going to test the nearest support at 1.0520 – 1.0493 in the short term. If a pullback from this area happens...

GBP/USD: bears attacked again 3/1/2017 Technical levels: support – 1.2345; resistance – 1.2450, 1.2480. Trade recommendations: 1. Buy — 1.2345; SL — 1.2325; TP1 — 1.2450; TP2 — 1.2480. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and...

EUR/USD: euro going to negative area 3/1/2017 Technical levels: support – 1.0560, 1.0500; resistance – 1.0590. Trade recommendations: 1. Sell — 1.0550/60; SL — 1.0580; TP1 — 1.0500; TP2 – 1.0460. Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and...

AUD/CAD reversed from pivotal support level 1.0070 02/28/2017 AUD/CAD reversed from pivotal support level 1.0070 Next buy target - 1.0200 AUD/CAD continues to rise after the earlier upward reversal from the pivotal support level 1.0070 (former major resistance level which stopped the...

USD/JPY: bearish "Tweezers" 02/28/2017 There’s a bearish “Harami”, which has been confirmed. Also, the upper “Window” acted as a resistance. Therefore, the market is likely going to continue falling down until any bullish pattern arrives. We’ve got a confirmed “Tweezers” on the “Window”...

EUR/USD: "Window" acted as a resistance 02/28/2017 The 34 & 55 Moving Averages are acting as a resistance. Also, we’ve got a bearish “Engulfing” and a “High Wave”, but a confirmation of both patterns is a quite weak. Therefore, the market is likely going to test the nearest support lever...

Key option levels for Tuesday, February 28th 02/28/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest -No Data- -No Data- Closest resistance levels 1.0594; 1.0618; 1.0638; 1.0668 Closest support levels 1.0575; 1.0556...

GBP/USD: bulls look at the nearest resistance 02/28/2017 The price found a support at 1.2386, so we’ve got a “Double Bottom”, which has been confirmed. Therefore, the market is likely going to test an area between the 34 Moving Average and the nearest resistance at 1.2509. If a pullback from...

EUR/USD: new local high is coming 02/28/2017 We’ve got a “V-Top”, which led to the last decline. However, there’s a local “V-Bottom”, so bulls are likely going to test the 89 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have another...

USD/JPY: Dollar has weakened 02/28/2017 Technical levels: support – 112.20, 111.60, 109.90; resistance – 113.00, 113.60. Trade recommendations: 1. Sell — 112.50; SL — 112.80; TP1 — 111.60; TP2 — 110.00. Reason: expanding bearish Ichimoku Cloud; a new dead cross of Tenkan-sen and Kijun-sen...