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Morning brief for February 8 2/8/2017 The euro moved below 1.0675 against the US dollar amid the investors’ concerns over looming French elections. Many analysts believe that the EUR is en-route to parity in the upcoming three months with moderate monsieur Francois Fillon still being embroiled...

EUR/USD: bears launched an attack 2/8/2017 On the EUR/USD daily chart, bears broke the diagonal support and pushed the quotes beyond the rising trading channel. If the sellers manage to test the 1.064 level (23.6% level of the last mid-term "bearish" wave), there is a risk of the recovery of...

GBP/USD: pound lost its way in broad daylight 2/8/2017 On the GBP/USD daily chart, the implementation of the intermediate target at 78.6% in the "Shark" pattern was followed by a rollback in the direction of the 50% level of the CD wave. The downfall of quotes below the 38.2% level can lead to...

GBP/NZD falling inside intermediate impulse wave (3) 2/7/2017 GBP/NZD falling inside intermediate impulse wave (3) Next sell targets - 1.6870 and 1.6700 GBP/NZD has been falling sharply in the last few trading sessions inside the intermediate impulse wave (3), which started previously – when...

EUR/JPY reached sell target 120.00 2/7/2015 EUR/JPY reached sell target 120.00 Next sell target – 119.00 EUR/JPY today broke the support zone lying between the support level 120.00 (which was set as the sell target in our earlier forecast for this currency pair) and the 38.2% Fibonacci...

EUR/USD: bearish extension 2/7/2017 Wave 2 has been ended in a form of a zigzag, so the price is declining. Previously we’ve got a wedge in wave 1. So, there’s an opportunity to have a bearish impulse in wave in the short term. As we can see on the one-hour chart, there’s an extension in...

Paul Tudor Jones’ chamber of secrets 2/7/2017 Paul Tudor Jones II is noted as one of the most successful traders in the history of the stock market. Paul is widely known due to the film entitled Trader focusing on his activity during 1987 financial crash. The video surfaced in the end of...

USD/JPY: bulls going to test "Window" 2/7/2017 We’ve got a “Tower” pattern, so the price came back to the upper “Window”. In this case, the bullish correction is likely going to be continued. If we see any bearish pattern on the 21 Moving Average afterwards, there’ll be an opportunity to have...

EUR/USD: "Harami" on the lower "Window" 2/7/2017 We’ve got a bearish “Doji”, which has been confirmed, so the price reached the lower “Window”. If we see any bullish pattern afterwards, the market is likely going to test the nearest resistance level. The price achieved the nearest...

USD/JPY: Dollar going to Tenkan-sen 2/7/2017 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; a dead cross of Tenkan-sen and Kijun-sen, but the lines...

GBP/USD: pound tested the support 2/7/2017 Technical levels: support – 1.2340; resistance – 1.2450. Trade recommendations: 1. Buy — 1.2340/50; SL — 1.2320; TP1 — 1.2450; TP2 — 1.2480. Reason: bullish Ichimoku Cloud, but falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but...

Ahead of Abe-Trump meeting 2/7/2017 Japanese Prime Minister Shinzo Abe prepares to meet US President Donald Trump on Friday seeking to counter the president’s criticism of Japan’s monetary and trade policies. Mr. Abe is going to establish close ties with new administration promising greater...

Ahead of Abe-Trump meeting 2/7/2017 Japanese Prime Minister Shinzo Abe prepares to meet US President Donald Trump on Friday seeking to counter the president’s criticism of Japan’s monetary and trade policies. Mr. Abe is going to establish close ties with new administration promising greater...

GBP/USD: "Pennant" led to decline 2/7/2017 The price is consolidating near the broken local uptrend. The 89 Moving Average is acting as a support. However, the pair is likely going to continue falling down in the short term, so we should keep an eye on a support at 1.2411 – 1.2386 as a...

EUR/USD: bears going to move on 2/7/2017 We’ve got a “Triple Top”, which has been confirmed, so the price is testing the lower side of the current “Rising Wedge” pattern. In this case, the market is likely going to reach a support at 1.0669. If a pullback from this level happens, there’ll be...

USD/CAD: loonie made friends with wedges 2/7/2017 On the USD/CAD daily chart, "bulls" managed to keep the quotes within a long-term rising channel. The Wolf waves have been formed. A breakout of the 2-4 diagonal resistance near the 1.3175 mark can lead to the restoration of the "bullish" trend...

Gold: bulls gathered momentum 2/7/2017 On the daily chart of gold, the bulls accelerated their pace. The recent resistance located at $1220 per ounce has become the main support. The nearest convergence zone is located at $1249-1255. On the hourly chart of gold, the upward trading channel...

Morning brief for February 7 2/7/2017 The euro fared worse than the US dollar in the course of the past sessions after French far-right candidate Marin Le Pen pledged to take France out of the EU and rebuild country’s industry. ECB President Mario Draghi had to beat back numerous rebukes from...

Key option levels for Tuesday, February 7th 2/7/2017 * Data about changes in the open interest will be available on Tuesday after 01:45 CT (Central Time) * UPDATED EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 30 344 ...

EUR/AUD broke support level 1.4100 2/3/2017 EUR/AUD broke support level 1.4100 Next sell targets - 1.4000 and 1.3900 EUR/AUD continues to fall after the recent breakout of the powerful support zone surrounding the support level 1.4100, which has been steadily reversing this currency pair from...