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GBP/USD: pound supported by daily Cloud 02/28/2017 Technical levels: support – 1.2380; resistance – 1.2525. Trade recommendations: 1. Buy — 1.2440/50; SL — 1.2400; TP1 — 1.2560; TP2 — 1.2640. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; an irregular dead cross of...

USD/CHF: will the bears regain the initiative? 02/28.2017 On the daily USD/CHF chart the quotes are moving within the bullish trend channel. However, the inability of the bulls to conquer resistance at 1.0105 (50% of the wave CD of the 5-0 pattern) points at their weakness. If the pair falls...

EUR/USD: bulls want more 02/28/2017 On the daily EUR/USD chart, the bulls keep trying to conquer the upper border of the bullish trend channel. If they succeed, the risks of advance towards 1.0710 and 1.0820 will increase. On the other hand, decline below 1.0569 will increase the odds of the...

GBP/JPY broke daily Triangle 02/27/2017 GBP/JPY broke daily Triangle Next sell targets - 138.40 and 136.50 GBP/JPY continues to fall after the earlier breakout of the support trendline of the daily Triangle chart pattern from the middle of December. The breakout of this Triangle should...

EUR/CHF reversed from powerful support level 1.0630 02/27/2017 EUR/CHF reversed from powerful support level 1.0630 Next buy targets – 1.0680 and 1.0710 EUR/CHF continues to rise strongly – following the earlier upward reversal from the powerful support level 1.0630, which has been...

EUR/USD: wedge in wave 02/27/2017 It seems like we’ve got a wedge in wave . So, if we see a pullback from 7/8 MM Level, there’ll be an opportunity to have another decline. At the same time, a pullback from the wedge’s lower side happens, bulls are likely going to deliver an upward...

USD/JPY: bulls going to test "Window" 02/27/2017 We’ve got a “Harami” and an “Inverted Hammer”. So, the price is likely going to test the upper “Window” in the short term. If we see a pullback from this level, there’ll be a chance to have another decline until any bullish pattern arrives...

EUR/USD: Moving Average acting as a resistance 02/27/2017 The price reached the 55 Moving Average, so we’ve got a bearish “Engulfing” pattern. At the same time, there’s a bullish “Hammer”, which has been confirmed. In this case, the market is likely going to test the 34 Moving Average. If a...

GBP/USD: price going to move in a flat range 02/27/2017 There’s a “Triple Top”, which has been confirmed. However, the price reached a support at 1.2386, so we’ve got a “V-Bottom”. Therefore, bulls are likely going to test a resistance on the 34 Moving Average. If a pullback from this line...

New agreement on Greece’s bailout: achievable, but hurdles remain 02/27/2017 Last Monday, market participants were glad to hear that there might be a happy end to the long-drawn Greek drama. After talks with creditors, Greece’s government agreed to legislate structural reforms demanded by the...

EUR/USD: bulls going to test resistance 02/27/2017 There’s a “V-Top”, so the price reached a support at 1.0552, which led to the current consolidation. Therefore, the pair is likely going to test the nearest support on the 89 Moving Average in the short term. If a pullback from this line...

AUD/USD: aussie trying to grow, but can’t 02/27/2017 Technical levels: support – 0.7680, 0.7600; resistance – 0.7720/30. Trade recommendations: 1. Sell — 0.7690; SL — 0.7710; TP1 — 0.7600; TP2 — 0.7560. Reason: bullish Ichimoku Cloud and horizontal Senkou Span A and B; a golden cross of...

GBP/USD: pound in negative area again 02/27/2017 Technical levels: support – 1.2400/20, 1.2350; resistance – 1.2480/90, 1.2560. Trade recommendations: 1. Buy — 1.2405; SL — 1.2385; TP1 — 1.2480; TP2 — 1.2560. 2. Sell — 1.2380; SL — 1.2400; TP1 — 1.2310; TP2 — 1.2250. Reason: narrowing...

NZD/USD: armistice won't last long 02/27/2017 On the NZD/USD daily chart, a struggle between bulls and bears ended with the armistice. As a result, the consolidation range 0.7135-0.724 has been formed. A breakout of its upper border will create the prerequisites for the restoration of the...

USD/JPY: do bears still have strength? 02/27/2017 On the USD/JPY daily chart, the bears are making great efforts to push the quotes below support at 111.15-111.25. If they succeed, it will lead to the continuation of the downward movement towards 107.65 (Target 200% pattern AB = CD). The bulls...

Morning brief for February 27 02/27/2017 A bit drowsy trading session with the US dollar grinding modest gains despite a slight drop in Treasury yields and a rather low probability of March rate hike (40% using Fed Funds and 47.8% using OIS). Markets are calling the recent Ms. Yellen’s comments...

Key option levels for Monday, February 27th 2/25/2017 * Data about changes in the open interest will be available on Monday after 01:50 CT (Central Time) * EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest -?- -?- Closest...

USD/JPY: ourlook for Feb. 27 - Mar. 3 2/24/2017 Fundamentals: Japan’s trade surplus narrowed in January, but February flash manufacturing PMI was very encouraging. All in all, news from Japan have a minor impact on the market. Risk sentiment should remain the primary driver of USD/JPY...

EUR/USD: ourlook for Feb. 27 - Mar. 3 2/24/2017 Fundamentals: It was an eventful week for the euro with a significant decline first and the moderate recovery later. The euro keeps feeling negative pressure from the fears about anti-European Union rhetoric from Marine Le Pen ahead of the first...

US dollar: ourlook for Feb. 27 - Mar. 3 2/24/2017 Fundamentals: The main disappointing factor for the American currency was the Federal Reserve’s meeting minutes. Many traders expected the minutes to turn out hawkish, because the recent comments of the Fed’s Chair Janet Yellen were hawkish...