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US dollar: outlook for February 13-17 2/10/2017 The US dollar managed to recover during the past week. Positive vibes for the American currency came from the comments of Donald Trump. According to him, he will release a “phenomenal” tax plan in the next few weeks. The market players used to buy...

EUR/USD: outlook for February 13-19 2/10/2017 The pair has moved abruptly down. Political picture for the region looks tense. Investors are still worried that a far-right candidate can win French presidential election and take the county out of the euro area. In addition, German Finance...

USD/JPY: outlook for February 13-17 2/10/2017 The pair tested the lowest levels since the end of November, but then managed to recover. The Bank of Japan had to increase its buying in "superlong" bonds on Friday in order to keep rising yields in check. Such policy is reining in the yen’s...

EUR/USD: wave (iii) is about to end 2/10/2017 Wave 2 has been formed like a zigzag, so the price is declining. Previously, a wedge in wave 1 has been formed. Therefore, we could have wave in the short term. As we can see on the one-hour chart, there’s an extension in wave (iii). So, if a...

NZD/USD: outlook for February 13-17 2/10/2017 Kiwi declined after the Reserve Bank of New Zealand killed hopes for a rate hike this year. The Monetary Policy statement noted that exchange rate remains higher than is sustainable and that a depreciation of the kiwi is needed to revive the...

GBP/USD: outlook for February 13-17 2/10/2017 GBP/USD has firmed at the end of last week on the upbeat macroeconomic data from the UK and the relative weakness of the US dollar. Having lost around a fifth of its value in recent years, the pound has become tempered by bad news and very...

Key option levels for Friday, February 10th 2/10/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 38 465 ? + 22 229 ? Closest resistance levels 1.0677; 1.0698; 1.0723; 1.0767 Closest support levels 1.0656...

GBP/USD: "Double Top" led to decline 2/10/2017 The price faced a resistance at 1.2599. Meanwhile, there’s a “V-Top” pattern, which pushed the pair to the 34 Moving Average. So, the market is likely going to test a support area between the 89 Moving Average and the level 1.2432. If a pullback...

AUD/USD: aussie still on the Cloud 2/10/2017 Technical levels: support – 0.7620; resistance – 0.7690, 0.7720. Trade recommendations: 1. Buy — 0.7640; SL — 0.7620; TP1 — 0.7690; TP2 — 0.7720. Reason: bullish Ichimoku Cloud, but Senkou Span A and Senkou Span B is horizontal; a dead cross of...

EUR/USD: euro testing SSB again 2/10/2017 Technical levels: support – 1.0640; resistance – 1.0740, 1.0770. Trade recommendations: 1. Buy — 1.0660; SL — 1.0640; TP1 — 1.0740; TP2 – 1.0770. Reason: Ichimoku Cloud changed the character; a dead cross of Tenkan-sen and Kijun-sen; the prices are...

EUR/USD: bears going to test the next support 2/10/2017 The price is still consolidating near the broken uptrend. So, bears are likely going to reach a support at 1.0619 in the short term. If a pullback from this level happens, there’ll be an opportunity to have a bullish price movement...

Morning brief for February 10 2/10/2017 The trade was reignited overnight after the US President flagged an impending tax announcement within two or three weeks. The markets took a new lease of life waiting for more details on Trump’s fiscal plans. In addition, US Appeals Court upheld the...

Gold isn't afraid of the correction 2/10/2017 On the daily chart of gold "bulls" failed to attack the resistance located at $1,241. The rollback sent quotes towards the support at $1,220. If it is tested successfully, bears may count on the movement towards the upward trading channel. On the...

USD/CAD: loonie is wandering in the channels 2/10/2017 On the USD/CAD daily chart, Wolf wave are still relevant. The diagonal line of resistance shifted lower due to the formation of a new fractal. A necessary condition for the restoration of "bullish" trend is the successful test of 1.3220 and...

AUD/NZD broke resistance level 1.0600 2/9/2017 AUD/NZD broke resistance level 1.0600 Next buy target - 1.0650 AUD/NZD continues to rise following the earlier breakout of the resistance zone lying at the intersection of the resistance trendline of the daily down channel from November and...

NZD/USD reversed from resistance level 0.7400 2/9/2017 NZD/USD reversed from resistance level 0.7400 Next sell target – 0.7120 NZD/USD recently reversed down from the powerful resistance level 0.7400 (which stopped the previous intermediate (B)-wave in November and which was set as the buy...

EUR/USD: bearish extension 2/9/2017 We’ve got a possible zigzag in wave 2, so the price is declining in wave . Previously, a wedge in wave 1 has been formed. The main intraday target is 7/8 MM Level, which could be a departure point for a local upward correction. There’s a possible...

USD/JPY: bulls going to test "Window" 2/9/2017 The price is still consolidating on the four-hours chart. Also, there’s a “Tower” and an “Inverted Hammer” at the local low. So, the market is likely going to test the upper “Window” in the short term. If a pullback from this level happens...

EUR/USD: consolidation going to move on 2/9/2017 We’ve got a “Harami”, which has been confirmed. Also, there’s a bullish “Three Methods”. So, there’s an opportunity to have another test of the lower “Window”, which could be a departure point to a local upward price movement. There’re a...

7 imminent risks you should worry about 2/9/2017 The biggest threats to portfolio/financial accounts you should beware of 1. Bonds Many asset managers see the hazard on the bond side. The bond yields reached historically low in July 2016; then, the yields on government bonds skyrocketed...