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cAUD/USD: outlook for Feb.27 - March 2 2/24/2017 Results of the past week: Aussie has been one of the greatest beneficiaries of the recent USD selling, popping up above 0.7700. In the beginning of the past week, the RBA Governor Philip Lowe highlighted the bank’s unwillingness to cut rates. He...

GBP/USD: outlook for Feb.27- March 3 2/24/2017 Results of the past week: GBP/USD spiked to 1.2560 in the course of the past week after Fed’s senior officials toned down expectation of a March hike and the US Treasury Secretary Steve Mnuchin failed to provide substantial details on the upcoming...

GBP/USD: broken "Triangle" 2/24/2017 All Moving Averages have been broken, so the price faced a resistance at 1.2548, which led to the current consolidation. Meanwhile, there’s an opportunity to have an upward movement towards the next resistance at 1.2581 – 1.2630. If a pullback from this...

EUR/USD: bulls going to test Moving Averages 2/24/2017 We’ve got a “V-Bottom” pattern, so the price reached a resistance at 1.0588. At the same time, the market is likely going to test the next resistance at 1.0619 in the short term. If a pullback from this level happens, there’ll be an...

Key option levels for Friday, February 24th 2/24/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 19 569 ? + 21 393 ? Closest resistance levels 1.0602; 1.0618; 1.0642; 1.0673 Closest support levels 1.0578; 1.0555...

USD/JPY: Dollar going lower 2/24/2017 Technical levels: support – 112.70, 112.20; resistance – 113.00, 113.60. Trade recommendations: 1. Sell — 113.00; SL — 113.20; TP1 — 112.20; TP2 — 112.00. Reason: expanding bearish Ichimoku Cloud; a new dead cross of Tenkan-sen and Kijun-sen; the prices...

AUD/USD: aussie under main resistance 2/24/2017 Technical levels: support – 0.7690, 0.7600; resistance – 0.7720/30. Trade recommendations: 1. Sell — 0.7730; SL — 0.7750; TP1 — 0.7600; TP2 — 0.7560. Reason: bullish Ichimoku Cloud and rising Senkou Span A; a golden cross of Tenkan-sen and...

USD/CAD: bears notices shark 2/24/2017 On the USD/CAD daily chart, bulls failed to test the resistance at 1.3175. It is not possible to talk about the realization of the Wolf waves. Perhaps a new attempt will be more successful than the previous one. Meanwhile, there is a growing risk of...

Morning brief for February 24 2/24/2017 Markets shifted their focus from the European continent to the US economy overnight. The Wall Street Journal published its interview with newly confirmed US Treasury Secretary Steve Mnuchin. He sounded quite measured and careful. The Secretary passed up...

AUD/USD: Aussie came across the wedge 2/24/2017 On the AUD/USD daily chart, bulls made another attempt to move towards the target 113% in the Shark inverted pattern. If the quotes fail to consolidate above the 0.7705 level, it will tell us about the weakness of buyers and increase the risk of...

USD/JPY: bullish "Tweezers" 2/24/2017 The last “Tweezers” pattern has been confirmed, so the price came back to the nearest “Window”. Also, the 55 Moving Average is acting as a support. In this case, if a pullback from this line happens, bulls will be free to deliver a new upward price...

EUR/USD: bulls going to test the "Window" 2/24/2017 There’s a possible bullish “Three Methods”, but the 21 Moving Average is acting as a resistance. Therefore, bulls are likely going to test the 55 Moving Average in the short term. If any bearish pattern arrives afterwards, there’ll be an...

EUR/USD: "Window" going to act as a resistance 2/23/2017 We’ve got a bullish “Hammer”, which has been confirmed enough. Therefore, the market is likely going to get a resistance on the 21 Moving Average. If a pullback from this level happens, there’ll be an opportunity to have another...

USD/JPY: lower "Window" going to act as a support 2/22/2017 There’s a “Hanging Man”, which has been confirmed enough. So, the pair is likely going to test the lower “Window”, which could be a departure point for an upward correction. The last “Shooting Star” led to the current decline...

EUR/USD: bulls going to deliver a correction 2/22/2017 We’ve got a bearish “Three Methods”, which led to the current decline. Also, there isn’t any reversal pattern so far. Therefore, the market is likely going to continue falling down towards the nearest support. There’re an “Inverted...

EUR/USD forecasts from banks 2/22/2017 Barclays: political risk are market triggers, indeed, for the present time, but insufficient for throwing the euro off its stride. Analysts expect EUR/USD to remain range-bound towards the end of the week. They note the economic data calendar doesn’t...

Key option levels for Wednesday, February 22nd 2/22/2017 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 58 554 ? + 10 386 ? Closest resistance levels 1.0534; 1.0561; 1.0592; 1.0638; 1.0672 Closest support levels...

GBP/USD: bears going to test support 2/22/2017 There’s a local “V-Bottom”, so we’ve got a new local high. Considering a resistance at 1.2509, the market is likely going to get a support on the 89 Moving Average. If a pullback from this line happens, there’ll be an option to have another...

EUR/USD: bearish "Pennant" 2/22/2017 Bears faced a support at 1.0521, so the price is consolidating. Therefore, the next target is a support at 1.0498 – 1.0478. If a pullback from this level happens, there’ll be an opportunity to have an upward correction. We’ve got a “Pennant”, so bears...

USD/JPY: under Cloud’s resistance 2/22/2017 Technical levels: support – 112.70, 112.20; resistance – 113.60. Trade recommendations: 1. Sell — 113.40; SL — 113.60; TP1 — 112.70; TP2 — 112.20. Reason: expanding bearish Ichimoku Cloud; a new irregular golden cross of Tenkan-sen and Kijun-sen...