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USD/JPY: bears going to test "Window" again 1/30/2017 The last “Window” acted as a support twice, but we’ve got a bearish “Hammer” and a “Shooting Star”, which both have been confirmed. Therefore, the market is likely going to test 13 & 21 Moving Averages, which could be a departure point for...

Commerzbank warns of potential drop in oil prices 1/30/2017 Brent futures slid to $55.52 from $58.35 (January high) as investors got signals of growing production in the United States that can potentially offset the output cuts implemented by several OPEC members. Baker Hughes rig count climbed...

USD/JPY: bulls are intercepted initiative 1/30/2017 Technical levels: support – 114.60; resistance – 115.60. Trade recommendations: 1. Buy — 114.60; SL — 114.40; TP1 — 115.60; TP2 — 116.10. Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen...

AUD/USD: aussie going into the Cloud 1/30/2017 Technical levels: support – 0.7530, 0.7480; resistance – 0.7570, 0.7610. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7610; TP2 — 0.7660. 2. Buy — 0.7530; SL — 0.7550; TP1 — 0.7480; TP2 — 0.7400. Reason: bullish Ichimoku Cloud...

GBP/USD: bears going to test uptrend 1/30/2017 The price faced a support at 1.2509, so the pair is consolidating. Nevertheless, bears are likely going to test the next support at 1.2490 near the uptrend. If we see a pullback from this level, there’ll be a chance to have a new local high...

EUR/USD: "V-Top" pushing price lower 1/30/2017 We’ve got a new “Breakaway Gap”, so the price faced a resistance at 1.0745. Also, there’s a “V-Top” pattern, so bears are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, there’ll be an...

Morning brief for January 30 1/30/2017 USD/JPY dropped to 114.50 on a slightly softer than expected US Q4 GDP, downside miss on durable goods orders and Trump’s immigration policy. On Friday, the US president signed an executive order necessitating suspension of the US refugee program for 120...

USD/JPY: yen is running in the corridors 1/30/2017 On the USD / JPY daily chart, bulls fulfilled the target on the previously formed longs but failed to overcome the important resistance at 115.35. As a result, the descending trading channel has been formed. If quotes don't go out from its...

NZD/USD: kiwi is drawing the second shoulder 1/30/2017 On the NZD/USD daily chart, bulls push prices towards the target 88.6% in the "Shark" inverted pattern. If they manage to test the resistance at 0.735 and 0.7415 (78.6% and 88.6% from the last mid-term descending wave), there might be a...

Key option levels for Monday, January 30th 1/29/2017 * Data about changes in the open interest will be available on Monday after 12:00 CT (Central Time) EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest -?- -?- Closest...

USD/JPY: outlook for Jan. 30 - Feb. 3 1/27/2017 USD/JPY for the second time found support in the 112.50 area. The yen declined Japanese bonds rose as the Bank of Japan stepped in to buy debt. The central bank increased the purchases of bonds due in 5-10 years from 410 billion yen to 450...

GBP/USD: outlook for Jan. 30 - Feb. 3 1/27/2017 GBP/USD rose to 1.2670 before turning lower. Trading the British pound is not so easy these days. The market is running ahead of the news and most movements are on expectations, but not on the actual events. For example, GBP/USD fell even though...

EUR/USD: outlook for Jan. 30 - Feb. 3 1/27/2017 EUR/USD tested 1.0775, but didn’t hold there. European economic picture looks fine. PMI showed expansion in both manufacturing and services. At the same time, with the European Central Bank on the loose side, the scope for further increases in...

US dollar: outlook for Jan. 30 - Feb. 3 1/27/2017 The past week was rather stable for the US Dollar. The greenback got support near December lows and spent most of the time not far from them. The picture for the American currency is ambiguous. On the one hand, it is supported by strong stock...

Forecasts for Indonesian Rupiah and Malaysian Ringgit[/IMG] 1/27/2017 Emerging market currencies are significantly correlated with commodity prices. Therefore, the currently firming global growth and rising oil prices contribute to the appreciation of emerging market currencies. Many believed...

USD/JPY: bearish "Hanging Man" 1/27/2017 There’s a local correction, which is taking place on the four-hours chart. Also, we’ve got a bearish “Shooting Star” pattern, which hasn’t been confirmed yet. So, the price is likely going to test the 12 & 21 Moving Averages, which both could be a...

EUR/USD: "Window" acted as a support 1/27/2017 The price reached the 34 Moving Average. Also, the lower “Window” is acting as a support, so we’ve got a “Hammer”, an “Engulfing” and a “Tweezers”, but all these patterns haven’t been confirmed enough. Therefore, the current bearish correction is...

USD/CAD outlook for January 30 - February 3 1/27/2017 USD/CAD was falling throughout the week on the jitters of Trump’s protectionist executive orders. In the end of the week, the greenback braced up and managed to reverse the downtrend having risen to 1.3110. Next week, the Bank of Canada...

GBP/USD: bears broke the "Flag" 1/27/2017 We’ve got a “V-Top” pattern, so the pair found a support at 1.2548. Nevertheless, the market is likely going to reach another support at 1.2490 – 1.2432 shortly. At the same time, there’s an opportunity to have an upward correction later on...

EUR/USD: bearish "Triple Top" 1/27/2017 We’ve got a “Triple Top”, which led to the current correction. So, the price faced a support at 1.0669, which is strengthened by the 34 Moving Average. Meanwhile, the market is likely going to test the next support at 1.0588 – 1.0578 in the short term...