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Key option levels for Thursday, February 9th 2/9/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 41 518 ? + 451 586 ? Closest resistance levels 1.0723; 1.0746; 1.0784; 1.0811 Closest support levels 1.0698...

Trade signal from NAB 2/9/2017 The NAB’s technical analysts draw our attention to the AUD/USD weekly chart. There is a bullish reversal pattern formed in the beginning of this year. Another bullish signal – a crossover of 50 MA and 100 MA on the weekly timeframe. There is a number of...

GBP/USD: bulls pushing the market higher 2/9/2017 Bulls faced a resistance at 1.2548, so the price achieved the 34 Moving Average, which led to the current consolidation. In this case, the market is likely going to test the 89 Moving Average in the short term. If a pullback from this line...

USD/JPY: Dollar in Tenkan-Kijun’s channel again 2/9/2017 Technical levels: support – 111.80; resistance – 112.50, 112.70. Trade recommendations: 1. Sell — 112.50; SL — 112.70; TP1 — 111.80; TP2 — 111.30. Reason: expanding bearish Ichimoku Cloud, but the lines SSA and SSB are horizontal; a...

GBP/USD: pound keep staying in Cloud 2/9/2017 Technical levels: support – 1.2450; resistance – 1.2560. Trade recommendations: 1. Buy — 1.2450/60; SL — 1.2430; TP1 — 1.2560; TP2 — 1.2590. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled dead cross of Tenkan-sen and...

Morning brief for February 9 2/9/2017 Kiwi skidded to 0.7190 after the Reserve Bank of New Zealand cash rate announcement and Governor wheeler’s press conference. The market has been pricing for 1.5 hikes from the RBNZ over the upcoming 12 months after heightened Q4 inflation figures, but the...

USD/JPY: Wolf Waves will indicate a further path for the yen 2/9/2017 On the USD/JPY daily chart, there is a consolidation within the mid-term upward trend. The nearest resistance level is located at the 112.5 level. A successful test of this resistance will allow quotes to return to the...

AUD/USD: bulls are losing their interest 2/9/2017 On the AUD/USD daily chart, bears managed to return quotes to the support at 0.7605. A breakout of this support can lead to the correction towards the 0.754 level. Alternatively, a rise of prices above the 0.7665 level can lead to the...

EUR/NZD broke key support level 1.4700 2/8/2017 EUR/NZD broke key support level 1.4700 Next sell target - 1.4400 EUR/NZD continues to fall after the recent breakout of the key support level 1.4700 (which reversed the previous impulse waves 1 and (i), as can be seen from the daily EUR/NZD chart...

NZD/JPY reached sell target 82.00 2/8/2017 NZD/JPY reached sell target 82.00 Next sell targets – 81.00 and 80.50 NZD/JPY continues to decline following the earlier breakout of the support zone lying between the support level 82.50 and the 38.2% Fibonacci correction level of the previous upward...

Review on George Soros's book 2/8/2017 “Scientific method seeks to understand things as they are, while alchemy seeks to bring about a desired state of affairs. To put it another way, the primary objective of science is the truth, - that of alchemy, operational success.” ― George Soros, The...

EUR/USD: wave is on the way 2/8/2017 The price has been declining since wave 2 was ended in a form of a zigzag. Previously a wedge in wave 1 has been formed. Therefore, bears are likely going to break 7/8 MM Level in the short term. There’s an extension in wave (iii), which is taking...

USD/JPY: Moving Average going to act as a resistance 2/8/2017 There’re a “Tower” and a “Hammer”, which both have been confirmed. Therefore, the market is likely going to test the 21 Moving Average, which could bring any bullish pattern. If so, there’ll be an opportunity to have another...

EUR/USD: "Window" acting as a support 2/8/2017 The price is continue declining, so bears faced a support on the lower “Window”. The market is likely going to try to break this “Window” in the short term. If any bullish pattern arrives afterwards, there’ll be an opportunity to have an upward...

Key option levels for Wednesday, February 8th 2/8/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 35 706 ? + 66 233 ? Closest resistance levels 1.0710; 1.0734; 1.0756; 1.0793 Closest support levels 1.0659...

NZD/USD outlook on the back of RBNZ announcement 2/8/2017 The Reserve Bank of New Zealand is expected to deliver its rate and monetary policy statements today at 10:00 pm MT time. The bank will probably hold its official cash rate on hold at 1.75% even though inflation gathers pace faster than...

AUD/USD: aussie will be supported by Cloud 2/8/2017 Technical levels: support – 0.7620; resistance – 0.7690, 0.7720. Trade recommendations: 1. Buy — 0.7620/30; SL — 0.7600; TP1 — 0.7690; TP2 — 0.7720. Reason: expanding bullish Ichimoku Cloud; a correctional irregular dead cross of Tenkan-sen...

EUR/USD: euro will test SSB 2/8/2017 Technical levels: support – 1.0640; resistance – 1.0740, 1.0770. Trade recommendations: 1. Buy — 1.0650; SL — 1.0620; TP1 — 1.0740; TP2 – 1.0770. Reason: narrowing bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are in...

GBP/USD: bulls going to test nearest resistance 2/8/2017 We’ve got a “V-Bottom”, so the price reached a resistance at 1.2548. Therefore, the market is likely going to test the 55 Moving Average. If a pullback from this line happens, bulls will probably try to test a resistance at 1.2548 –...

EUR/USD: bearish "Flag" 2/8/2017 The price has broken the lower side of the last “Rising Wedge” and the local uptrend. The 89 Moving Average acted as a support, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.0619. If a pullback from...