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Morning brief for January 27 1/27/2017 The yen extended its losses against its major peers as the Bank of Japan stepped in to fulfill its commitment to keep the 10-year yield at around 0%. It boosted the amount of 5-10 year bonds it buys in its outright purchase operations. USD/JPY rose above...

AUD/USD: market is under resistance 1/27/2017 Technical levels: support – 0.7530; resistance – 0.7610. Trade recommendations: 1. Buy — 0.7530; SL — 0.7510; TP1 — 0.7610; TP2 — 0.7660. Reason: bullish Ichimoku Cloud and rising Senkou Span A; a weak dead cross of Tenkan-sen and Kijun-sen...

EUR/USD: on support of Cloud 1/27/2017 Technical levels: support – 1.0660; resistance – 1.0710, 1.0770. Trade recommendations: 1. Buy — 1.0660; SL — 1.0640; TP1 — 1.0710; TP2 – 1.0770. Reason: bullish Ichimoku Cloud; a cancelled golden cross of Tenkan-sen and Kijun-sen; all the lines of...

EUR/USD: bears came to senses 1/27/2017 On the EUR/USD daily chart, a successful test of the diagonal support may lead to the recovery of downtrend. But for this to happen bears will have to overcome significant levels at 1.064 and 1.058. On the EUR/USD hourly chart, a breakout of the...

GBP/USD: pound is losing firm ground 1/27/2017 On the GBP/USD daily chart, bulls came closer to the 88.6% level of the last descending wave and to the 88.6% target in the "Shark" inverted pattern but failed to stay in the convergence zone for a long period of time. After that, bears managed to...

EUR/USD reversed from resistance zone 1/26/2017 EUR/USD reversed from resistance zone Next sell target - 1.0600 EUR/USD recently reversed down from the resistance zone lying between the resistance level 1.0770 (which stopped the earlier minor ABC correction 4 at the start of December), upper...

GBPJPY rising inside corrective wave (2) 1/26/2017 GBPJPY rising inside corrective wave (2) Next buy target – 148.60 GBPJPY has been rising steadily in the last few trading sessions inside the second intermediate corrective wave (2) from the middle of January. Wave (2) started when the pair...

Jesse Livermore - the greatest speculator the world ever knew 1/26/2017 In this article, I am going to tell you about the most enigmatic and talented speculator of our history, the mold for Edwin Lefevre’s “Reminiscences of a Stock operator” – Jesse Livermore. Truth be told, I am not sure...

cEUR/USD: wave (iii) is on the way 1/26/2017 We’ve got a couple of pullbacks from 4/8 MM Level, so wave 2 was likely ended. In this case, bears are likely going to deliver a bearish impulse in wave in the short term. The main intraday target is 2/8 MM Level. +1/8 MM Level acted as a...

USD/JPY: "Window" could act as resistance 1/26/2017 The upper “Window” acted as a support twice. So, the market is likely going to get a resistance on the 55 & 89 Moving Averages. If a pullback from these lines happens, there’ll be an opportunity to have a decline towards the middle of the...

EUR/USD: "Doji" on the Moving Average 1/26/2017 We’ve got a bearish “Harami” and a “High Wave” at the local maximum. Also, the middle of the last huge white candle is acting as a support. In this case, bears are likely going to test the nearest support level and the 34 Moving Average. If...

Key option levels for Thursday, January 26th 1/26/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 39 470 ? + 18 295 ? Closest resistance levels 1.0762; 1.0791; 1.0812; 1.0844 Closest support levels 1.0733...

GBP/USD: bulls going higher 1/26/2017 The price faced a resistance at 1.2672, so bears are likely going to get a support at 1.2619 in the short term. At the same time, if we have a pullback from this level, there’ll be a chance to have another upward price movement in the direction of the...

EUR/USD: flat in the "Triangle" 1/26/2017 The price is still consolidating under a resistance at 1.0795, so we’ve got a “Pennant” here. In this case, the pair is likely going to continued trading in a range of this pattern. Meanwhile, bears will probably try to reach the nearest support at...

AUD/USD: market is under resistance 1/26/2017 Technical levels: support – 0.7550/60; resistance – 0.7610. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7610; TP2 — 0.7660. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A; a weak dead cross of Tenkan-sen and...

EUR/USD: euro is on Tenkan’s support 1/26/2017 Technical levels: support – 1.0740; resistance – 1.0770, 1.0820. Trade recommendations: 1. Buy — 1.0740; SL — 1.0720; TP1 — 1.0820/30; TP2 – 1.0900. Reason: bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen; all the lines of...

Morning brief for January 26 1/26/2017 The yield on 10-year US Treasury notes spiked to 2.50 overnight as risk aversion was ebbed. The US dollar refused to follow its usual pattern: instead of rising from higher Treasury yields, it weakened against its major peers. The euro edged up to 1.0760...

Gold: bulls showed their weakness 1/26/2017 On the daily chart of gold, a double top has been formed. It blocked the path of bulls to the north. To restore the uptrend quotes should rise above the resistance located at $1,205 per ounce, and then update the January highs. If bears manage to...

AUD/USD: bulls are trying to regain control over the market 1/26/2017 On the AUD/USD daily chart, bears failed to keep the quotes below important support located at 0,754 (61.8% of the last descending XC wave). "Bulls" are trying to regain their control over the market. If they manage to...

EUR/USD: wave (iii) is about to start 1/25/2017 4/8 MM Level is acting as a resistance. If we see a pullback from this level, there’ll be an opportunity to have a bearish impulse in wave . At the same time, if 4/8 turns out to be broken, then bulls will be free to move on. As we can see on...