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Morning brief for February 15 2/15/2017 The door for a rate hike at the FOMC meeting in march swung open after Dr. Yellen in her semiannual testimony noted that waiting too long to remove accommodation would be unwise, saying that it would disrupt financial markets and push the US economy into...

USD/JPY: bulls want to rise further 2/15/2017 On the USD/JPY daily chart, a breakout of the resistance at 112.5 and exit of quotes beyond the upward trading channel allowed to implement targets on the previously opened longs. The nearest support level is located near the 114.03 level. On...

NZD/USD: kiwi stumble upon support 2/15/2017 On the NZD/USD daily chart, after the target in the "Shark" inverted pattern was implemented, quotes went beyond the upward trading channel and faced with the diagonal support. It corresponds to the lower boundary of the long-term upward trading...

Key option levels for Wednesday, February 15th 2/15/2017 * Data about changes in the open interest will be available on Wednesday after 01:50 CT (Central Time) * UPDATED EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 138 628...

USD/JPY trading tips from banks 2/14/2017 Deutsche Bank Trump-Abe meeting has reduced concerns about politically triggered appreciation of the yen. Strategists expect US fiscal and monetary policy expectations to firm up support for USD/JPY in the near term. Fed Chair Yellen is due to testify...

USD/JPY: bearish "Shooting Star" 2/14/2017 There’s a bearish “Harami” on the 89 Moving Average. Considering a confirmation of this pattern, the market is likely going to decline in the short term. If a pullback from the nearest support happens, there’ll be an opportunity to have another...

EUR/USD: "Hammer" led to correction 2/14/2017 The price reached the lower side of the support area, so we’ve got a “Tower”. If this pattern confirms, bulls are likely going to test the 21 Moving Average, which could be a departure point to another decline. We’ve got a “Hammer” and a...

AUD/NZD reached buy target 1.0650 2/14/2017 AUD/NZD reached buy target 1.0650 Next buy target - 1.0740 AUD/NZD continues to rise after the recent breakout of the key resistance level 1.0650 (which earlier reversed the price sharply in last November and which was set as the buy target in...

AUD/CHF reached buy target 0.7700 2/14/2017 AUD/CHF reached buy target 0.7700 Next buy target – 0.7800 AUD/CHF continues to rise after the price earlier broke above the resistance level 0.7700 (which is the second of the two buy targets set in our previous forecast for this currency pair -...

Richard Dennis: trading coach of turtles 2/14/2017 Richard Dennis is well-known as the most successful of the breed of Chicago's commodity traders. He began trading at a very early age under the name of his father (because underage citizens were not allowed to participate in trading activities...

EUR/USD: wave [ii] started 2/14/2017 Wave has arrived, so there’s time for a correction. Previously, wave 2 has been formed like a zigzag. So, bulls are likely going to deliver wave [ii] in the short term There’s a bearish impulse in wave . Also, we’ve got a pullback from -1/8 MM Level...

Ahead of Yellen’s testimony 2/14/2017 The key event of the day is the Fed’s Chair Yellen’s semi-annual testimony before the Senate Banking scheduled for 17:00 MT time. Banks’ projections: Barclays The bank’s analysts expect Janet Yellen to reiterate her public remarks made on January 19...

AUD/USD: aussie want to go higher 2/14/2017 Technical levels: support – 0.7660; resistance – 0.7690, 0.7720. Trade recommendations: 1. Buy — 0.7660; SL — 0.7640; TP1 — 0.7720; TP2 — 0.7780. Reason: bullish Ichimoku Cloud, rising Senkou Span B is horizontal; a golden cross of Tenkan-sen and...

EUR/USD: local trend is changed 2/14/2017 Technical levels: support – 1.0600, 1.0570; resistance – 1.0640, 1.0700. Trade recommendations: 1. Buy — 1.0570; SL — 1.0550; TP1 — 1.0640; TP2 – 1.0700. Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are under...

GBP/USD: bulls going to test nearest resistance 2/14/2017 We’ve got a “V-Bottom”, so the price is testing a resistance at 1.2548. Nevertheless, bulls are likely going to test the next resistance at 1.2581 – 1.2630 in the short term. Considering a possible pullback from this area, there’s an...

EUR/USD: "Double Bottom" led to upward movement 2/14/2017 Bears faced a support at 1.0588, so we’ve got a “V-Bottom”, which pushed the price to a resistance at 1.0619. Therefore, the market is likely going to test the next resistance at 1.0655. If a pullback from this level happens, there’ll...

Morning brief for February 14 2/14/2017 Janet Yellen is ready to testify on the Semiannual Monetary Policy Report The US dollar took a hit in the course of the Asian after Trump’s National Security Advisor Michael Flynn stepped down. The euro gained some strength having risen to 1.0610...

AUD/USD: bulls are aware of the presence of Shark 2/14/2017 On the AUD/USD daily chart, bulls are still struggling to fulfill the target 88.6% in the "Shark" inverted pattern. If they manage to do it, the rally towards 113% target will continue. The nearest support is located near the 0.7605...

GBP/USD: the pound cannot define its future path 2/14/2017 On the GBP/USD daily chart, there is a consolidation in the range of 1.234-1.258. To restore the bullish trend, the bulls will need to test the resistance at 1.264 and 1.268. On the GBP/USD hourly chart, there are two scenarios for...

Key option levels for Tuesday, February 14th 2/14/2017 * Data about changes in the open interest will be available on Tuesday after 01:50 CT (Central Time) * UPDATED EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 73 973 ...