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CAD/CHF rising inside minor impulse wave (iii) 1/25/2017 CAD/CHF rising inside minor impulse wave (iii) Next buy target - 0.7700 CAD/CHF continues to rise inside the minor impulse wave (iii) – which started earlier- when the pair reversed up from the support zone lying between the support level...

EUR/CAD reversed from resistance area 1/25/2017 EUR/CAD reversed from resistance area Next sell target – 1.4000 EUR/CAD recently reversed down sharply from the resistance area lying between the resistance level 1.4260 (which reversed the earlier minor correction 2 with the Dark Cloud Cover in...

USD/JPY: bears going to test "Window" 1/25/2017 The upper “Window” acted as a support once again, so we’ve got a “Piercing Line”. Also, the 13 Moving Average acted as a resistance. Considering the last “Harami” pattern, the pair is likely going to test the closest support in the coming hours...

EUR/USD: local "Hanging Man" 1/25/2017 We’ve got a bearish “Harami” pattern at the local high. Also, the middle of the last white candle is acting as a support, so there’s an “Engulfing” pattern. Therefore, bulls are likely going to test the last high in the short term. There’s a “Hanging...

Long-term USD/JPY forecast from Mr. Yen 1/25/2017 According to Eisuke Sakakibara, a former top currency official at Japan’s Finance Ministry, commonly known as Mr. Yen, JPY may strengthen significantly against its American peer and reach 100 yens per dollar mark by the end of this year...

Financial market documentaries 1/25/2017 Such Hollywood masterpieces as “The Wolf of Wall Street”, “Big short” needn’t be advertised. Every amateur trader must have seen them at least once. In this article, we’ve decided to concentrate on the movies that offer educational rather than...

USD/JPY: trading in range 1/25/2017 Technical levels: support – 113.30; resistance – 114.00, 114.40. Trade recommendations: 1. Buy — 113.70; SL — 113.50; TP1 — 114.40; TP2 — 115.20. Reason: bearish Ichimoku Cloud, but Senkou Span A is rising up; a dead cross of Tenkan-sen and Kijun-sen, but...

EUR/USD: euro need to going higher 1/25/2017 Technical levels: support – 1.0720; resistance – 1.0820. Trade recommendations: 1. Buy — 1.0740; SL — 1.0720; TP1 — 1.0820/30; TP2 – 1.0900. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and...

Key option levels for Wednesday, January 25th 1/2/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 36 381 ? + 69 650 ? Closest resistance levels 1.0743/46; 1.0765; 1.0780; 1.0803 Closest support levels 1.0714...

GBP/USD: bulls going to move on 1/25/2017 The price faced a resistance at 1.2548, so bears are likely going to test a support at 1.2468 – 1.2432 in the short term. If we see a pullback from this area, there’ll be an opportunity to have a bullish price movement towards the nearest resistance...

EUR/USD: bearish "Flag" 1/25/2017 The price is consolidating under a resistance at 1.0795. Also, there’s a “Double Top” pattern, which has been confirmed. Therefore, the market is likely going to decline towards a support at 1.0697 – 1.0655. If a pullback from this area happens, there’ll be...

Morning brief for January 25 1/25/2017 The main focus of the Asian session was Australian CPI. There was no sign of inflation moving towards cherished RBA’s target. The headline of the release fell out of the market’s expectation and sent Aussie lower towards circa 0.7540. EUR/USD skipped to...

USD/JPY: yen was stopped by the double bottom 1/25/2017 On the USD/JPY daily chart, a double bottom has been formed. The bears' attack was stopped and revealed the important support located at 112.5. A successful test of this support will lead to the continuation of the corrective movement...

EUR/USD: wave 2 ended 1/24/2017 The price hasn’t found a lodgement above 4/8 MM Level, so wave 2 could be ended. In this case, bears are likely going to deliver a downward impulse in wave . The main intraday target is 2/8 MM Level. As we can see on the one-hour chart, the price is moving...

NZD/CAD approaching resistance level 0.9630 1/24/2017 NZD/CAD approaching resistance level 0.9630 Next buy target - 0.9800 NZD/CAD continues to rise after the recent breakout of the resistance level 0.9500 (which was set as the buy target in our previous forecast for this currency pair). The...

NZD/USD reached buy target 0.7230 1/24/2017 NZD/USD reached buy target 0.7230 Next buy target – 0.7400 NZD/USD continues to rise after the recent breakout of the resistance level 0.7230 (which reversed the pervious wave (ii) and which was set as the buy target in our previous forecast for this...

USD/JPY: bears going to test the last low 1/24/2017 The price faced a support on the nearest “Window”, so we’ve got a “Piercing Line” on this level, which has been strongly confirmed. In this case, the market is likely going to test the 21 & 34 Moving Average in the short term. There’s an...

EUR/USD: bearish "Engulfing" 1/24/2017 We’ve got a “Harami”, which has been confirmed. Therefore, the price is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens, there’ll be an opportunity to have another upward price movement. There’s an...

Trading JPY: tips from banks 1/24/2017 Long-term projections Bank of America Merrill Lynch The bank is long on USD/JPY (buy 113.36, target 120.00, stop loss 110) Reasoning: The bank believes that USD/JPY should rise towards 120.00 by the end of the winter; buying at the current levels...

Uncovering Gann indicators 1/24/2017 Have you ever heard about one of the most mysterious and successful traders of all times – William Gann? He is well-known for using geometry, astrology and ancient mathematic to predict the movement of quotes in the financial markets. He was brought up in...