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EUR/USD: euro going to main support 2/22/2017 Technical levels: support – 1.0510; resistance – 1.0600. Trade recommendations: 1. Buy — 1.0510; SL — 1.0490; TP1 — 1.0670; TP2 – 1.0600. Reason: expanding bearish Ichimoku Cloud; a new dead cross of Tenkan-sen and Kijun-sen and the falling...

Morning brief for February 22 2/22/2017 EUR/USD dropped to 1.0520 overnight as the upbeat Euro PMI lost its luster amid investors’ jitters over upcoming French Presidential elections. Market participants now ascribe anti-EU Marin Le Pen a 34.2% chance of winning, while the survey by Elabe for...

Gold stumbled across the ledge 2/22/2017 On the daily chart of gold, there is a formation of the "Spike and ledge" pattern on the base of 1-2-3.A breakout of the upper boundary of the consolidation range of $1220-1244 per ounce will increase the risk of continuation of the rally in the...

EUR/USD: bears may continue moving southwards 2/22/2017 On the EUR/USD daily chart, the downward trading channel was formed. A breakout of the support at 1.0525 will lead to the continuation of the "bearish" trend towards the target 88.6% in the "Shark" pattern (1.038). Nearest resistance...

EUR/USD falling inside minor impulse wave (iii) 2/21/2017 EUR/USD falling inside minor impulse wave (iii) Next sell target - 1.0450 EUR/USD continues to fall inside the active minor impulse wave (iii) – which started earlier from the resistance level 1.0670 (which reversed the price...

USD/JPY reversed from support zone 2/21/2017 USD/JPY reversed from support zone Next buy target – 115.00 USD/JPY recently reversed up from the support zone located between the support level 112.00 (which stopped previous wave 2), former resistance trendline of the recently broken...

USD/JPY: bulls going to continue pushing the price higher 2/21/2017 There’s an “Inverted Hammer”, which has been confirmed. Also, we’ve got a bullish “Three Methods”, so the price is likely going to continue rising until any bearish pattern arrives. The lower “Window” acted as a support...

EUR/USD: bullish correction is coming 2/21/2017 The last “Three Methods” pattern led to the current decline. Considering that there isn’t any reversal pattern so far, the market is likely going to test the nearest support, which could a departure point for a local bullish correction. The...

USD/JPY: trade signal from Danske Bank 2/21/2017 Danske Bank analysts expect the yen to depreciate on the rising bond yields and surging oil prices. As soon as the US tax policies are announced the US dollar will move higher. A short yen positioning is very stretched, it will unfold gradually...

Nassim Nicholas Taleb: brainy trader 2/21/2017 In this article, we won’t be telling you about slumdog millionaires, whiz kids, smooth/sharp operators, market speculators or luckies. Instead, we’ve decided to inspire you with a life story of one of the keenest minds of our time. We are glad to...

EUR/USD: wave (c) of [ii] is about to start 2/21/2017 There’s a bearish impulse in wave . Also, we’ve got wave [ii], which is likely going to be continued, so we could have a new local high soon. However, bears will probably try to deliver wave [iii] afterwards. As we can see on the...

GBP/USD: support waiting for bears 2/21/2017 The price is still consolidating along the Moving Averages. In this case, the pair is likely going to test the nearest resistance at 1.2509 in the short term. Meanwhile, there’s also an opportunity to have a decline towards a support at 1.2411 –...

EUR/USD: bears ready to move on 2/21/2017 The price faced a support at 1.0578, so the market is likely going to test the nearest resistance at 1.0619 in the short term. However, if a pullback from this level happens, there’ll be an opportunity to have another decline towards a support at...

AUD/USD: aussie returned to the Cloud again 2/21/2017 Technical levels: support – 0.7660/70; resistance – 0.7720. Trade recommendations: 1. Buy — 0.7680; SL — 0.7650; TP1 — 0.7780; TP2 — 0.7840. 2. Sell — 0.7640; SL — 0.7660; TP1 — 0.7600; TP2 — 0.7560. Reason: bullish Ichimoku Cloud, but...

GBP/USD: pound can’t find a way 2/21/2017 Technical levels: support – 1.2420, 1.2350; resistance – 1.2480/90, 1.2560. Trade recommendations: 1. Buy — 1.2460; SL — 1.2440; TP1 — 1.2560; TP2 — 1.2590. 2. Sell — 1.2440; SL — 1.2460; TP1 — 1.2350; TP2 — 1.2310. Reason: irregular bearish...

Morning brief for February 21 2/21/2017 With the US celebrating the President’s day, Europe was in focus in Monday’s session. This means that political news were the main market triggers. OpinionWay poll indicates that anti-establishment candidate Marin Le Pen wins in the first round of...

[]NZD/USD: kiwi waived the white flag[/B] 2/21/2017 On the NZD/USD daily chart, another attempt of "bull" to consolidate above the lower limit of the previous long-term upward trading channel is almost failed. A breakout of the support at 0.7135 can lead to the continuation of the downward...

USD/JPY: bulls are drawing second shoulder 2/21/2017 On the USD/JPY daily chart, "Head and shoulders" inverted pattern is almost formed. If the "bulls" manage to push quotes above the neckline and break the resistance at 114.6, it may lead to the restoration of the uptrend and implementation of...

USD/JPY: outlook for February 20-24 2/17/2017 USD/JPY managed to test resistance close to 115.00 as Trump didn’t criticize currency Japan’s policy at the latest meeting with Shinzo Abe, but then got rejected lower on the general setback in demand for the greenback. The pair formed a shooting...

USD/CAD: outlook for February 20-24 2/17/2017 The greenback was trading almost unchanged against its Canadian counterpart at the end of the past week, with USD/CAD consolidating in the range of 1.3005 – 1.3120. Monday’s Trump-Trudeau joint press conference was reassuring for the Canadian...