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Brent is on the ledge 2/1/2017 On the daily chart of Brent, there is a consolidation in the range of $53,75-57,25 within the ascending trading channel. The bulls will continue to keep the situation under control until prices fall below support at $48. On the hourly chart of Brent futures...

Key option levels for Wednesday, February 1st 2/1/2017 * Data about changes in the open interest will be available on Wednesday after 01:45 CT (Central Time) * EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 24 213 ? + 62...

GBP/CAD falling inside minor impulse wave 3 1/31/2017 GBP/CAD falling inside minor impulse wave 3 Next sell target - 1.6000 GBP/CAD continues to fall inside the minor impulse wave 3, which started earlier – when the pair reversed down from the resistance area lying between the resistance level...

NZD/JPY reversed from resistance zone 1/31/2017 NZD/JPY reversed from resistance zone Next sell target – 82.00 NZD/JPY recently reversed down from the resistance zone lying between the strong resistance level 83.60 (which earlier reversed the previous sharp intermediate impulse wave (3) with...

Life lessons from Nick Leeson 1/31/2017 Once upon a time, there was a whiz kid, very talented fella, who first managed to deserve the confidence of worldly-wise Barings bank’s bigshots, and then, incurred huge losses on them with his speculative trades. This article is dedicated to the rogue...

USD/JPY: bulls going to test "Window" 1/31/2017 The lower “Window” acted as a support twice, so we’ve got a “Three methods” pattern. Also, there’re a “Hammer” and an “Engulfing” at the local low. If these patterns confirm, the price is likely going to test the nearest resistance level. The...

EUR/USD: consolidation going to move on 1/31/2017 We’ve got a possible “Piercing Line” on the 55 Moving Average, but a confirmation of this pattern is a quite weak, because the lower “Window” is acting as a support. So, the market is likely going to test the 34 Moving Average, which could be...

News trading strategies 1/31/2017 You can snatch a large sum of money trading news. By news, we mean various economic data releases. However, if you don’t have a solid plan for trading a particular event, it’s better not to engage in any trades at all as erratic disorderly price movements may...

USD/TRY: short- and medium-term outlook 1/31/2017 The lira fell to the record minimum on January 11 becoming the worst performing emerging market currencies. The nation’s currency was hit by investors’ heightened risk sentiments that aroused as a result of insecurity, political uncertainty, and...

GBP/USD: going to the Cloud 1/31/2017 Technical levels: support – 1.2420, 1.2490; resistance – 1.2530, 1.2570. Trade recommendations: 1. Buy — 1.2490; SL — 1.2470; TP1 — 1.2530; TP2 — 1.2570. Reason: bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are under...

EUR/USD: euro returned to SSA 1/31/2017 Technical levels: support – 1.0690; resistance – 1.0715, 1.0770. Trade recommendations: 1. Buy — 1.0700; SL — 1.0680; TP1 — 1.0770; TP2 – 1.0810. 2. Sell — 1.0670; SL — 1.0690; TP1 — 1.0605; TP2 – 1.0560. Reason: bullish but narrowing Ichimoku Cloud...

GBP/USD: "Pennant" led to another decline 1/31/2017 The pair found a support on the 34 Moving Average, so there’s a “V-Bottom” pattern. Under this circumstances, the market is likely going to test the nearest resistance between the levels 1.2548 – 1.2581. Considering the previously formed...

EUR/USD: bulls going to test the nearest resistance 1/31/2017 The price faced a support on the 89 Moving Average, so we’ve got a “V-Bottom” here. Therefore, the market is likely going to reach the nearest support at 1.0719 – 1.0745 in the short term. If a pullback from this level happens...

Morning brief for January 31 1/31/2017 Price action in currencies has been a bit muted with JPY and GBP the two exceptions. It was the BOJ’s announcement day. The Bank of Japan stood pat and remain fairly committed to its yield curve control and other expansionary policies; extended deadline...

USD/CAD: bears are testing the support 1/31/2017 On the USD/CAD daily chart, quotes came closer to the lower boundary of the ascending trading channel. If it is tested successfully, the prices can move lower towards 1.2977 (23.6% Fibo level of the last downward long-term wave), and towards...

Key option levels for Tuesday, January 31st 1/31/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 3 339 ? - 104 688 ? Closest resistance levels 1.0711; 1.0734; 1.0751; 1.0777 Closest support levels 1.0692...

EUR/USD: bears going to deliver wave iii of (iii) 1/30/2017 4/8 MM Level acted as resistance several times, so wave 2 has been ended in a form of a zigzag. Therefore, bears are likely going to deliver a bearish impulse in wave . The main intraday target is 2/8 MM Level, which could be a...

USD/CHF reversed from support zone 1/30/2017 USD/CHF reversed from support zone Next buy target - 1.0080 USD/CHF recently reversed up from the support zone lying between the pivotal support level 1.0000 (former top of impulse 1 from October, which was set as the sell target in our earlier...

EUR/CHF broke strong support area 1/30/2017 EUR/CHF broke strong support area Next sell targets – 1.0650 and 1.0620 EUR/CHF continues to fall strongly – following the earlier breakout of the powerful support area lying between the support levels 1.0700 and 1.0680 (this support zone has been...

Your helpers for technical chart analysis 1/30/2017 In this article, you will find some useful technical indicators that will facilitate your trade and save your time for chart analysis. Chart pattern recognition indicator Candlestick patterns are really quirky. Even when we think that...