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Trump vs. China: a trade war ahead? 1/24/2017 Throughout the election campaign, Mr. Trump was threatening to get tough on China for its manipulation with yuan and unfair trade policy. And what a surprise! Instead of putting additional pressure on China’s People Republic, newly elected...

Key option levels for Tuesday, January 24th 1/24/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 98 595 ? + 151 961 ? Closest resistance levels 1.0768; 1.0804; 1.0826; 1.0859 Closest support levels 1.0730...

USD/JPY: Dollar supported by 112.60[/B} 1/24/2017 Technical levels: support – 112.60; resistance – 113.70. Trade recommendations: 1. Sell — 113.70; SL — 113.90; TP1 — 112.60; TP2 — 112.30. Reason: bearish Ichimoku Cloud; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the...

GBP/USD: pound reached daily resistance[/] 1/24/2017 Technical levels: support – 1.2420; resistance – 1.2530. Trade recommendations: 1. Buy — 1.2420; SL — 1.2400; TP1 — 1.2530; TP2 — 1.2580. Reason: bullish Ichimoku Cloud with narrowing diapason; a golden cross of Tenkan-sen and Kijun-sen...

GBP/USD: downtrend has been broken 1/24/2017 The last downtrend has been broken, so the price faced a resistance at 1.2548. In this case, the pair is likely going to decline in the direction of the nearest support at 1.2468 – 1.2432. If we see a pullback from this area, there’ll be a chance...

EUR/USD: "Double Top" stopped bullish rally 1/24/2017 We’ve got a “V-Top” pattern, which has been formed right under a resistance at 1.0745. So, the market is likely going to test the nearest support at 1.0719 – 1.0697 in the short term. If a pullback from this area happens, there’ll be an...

Morning brief for January 24 1/24/2017 Trade was subdued overnight due to the scantiness of economic reports. Trump’s executive orders have added some fuel to the technical charts and have provided feedstock for news flow. EUR/USD hopped to 1.0755 after Mr. Trump formally withdrew from the...

EUR/USD: the euro is gaining momentum 1/24/2017 On the EUR/USD daily chart, quotes continue to move within the short-term trading channel. In order to continue the rally "bulls" need to test the resistance at 1.085.If they manage to do so, the "Shark" inverted pattern will be activated. Its...

NZD/USD: bulls take control over the pair 1/24/2017 On the NZD/USD daily chart, quotes returned the upward long-term trading channel and fulfill a target at 0,722 on the previously open longs. Buyers remain their control over the pair; the quotes may rise further towards 0.7415-0.7455. There is...

CAD/JPY broke key support level 86.00 1/23/2017 CAD/JPY broke key support level 86.00 Next sell target - 84.00 CAD/JPY continues to fall after the earlier breakout of the key support level 86.00 (which stopped the previous intermediate impulse wave (1) in December and which was set as the sell...

GBP/USD reached buy target 1.2450 1/23/2017 GBP/USD reached buy target 1.2450 Next buy target – 1.2720 GBP/USD continues to rise after the earlier breakout of the key resistance level 1.2400 (which reversed the pervious waves a, 4 and (2), as can be seen from the daily GBP/USD chart below). The...

EUR/USD: wave [c] of 2 going to move on 1/23/2017 We’ve got a zigzag in wave 2, which is developing on the four-hours chart. Therefore, wave [c] is likely going to be continued, so we should keep an eye on 5/8 MM Level as a possible intraday target. If a pullback from this level happens...

USD/JPY: bears going to break the "Window" 1/23/2017 The 55 Moving Average line is acting as a resistance, so we’ve got a bearish “Engulfing”, which has been confirmed enough. Also, there’s a bullish “Harami”, so the market is likely going to test the nearest support line, which could be a...

EUR/USD: bearish "Shooting Star" 1/23/2017 There’s a bullish local trend, which is taking place on the four-hours chart. Also, we’ve got a bullish “Hanging Man”, but a confirmation of this pattern is a quite weak. So, the market is likely going to test the nearest support, which could be a...

Review on Ashraf Laidi's book 1/23/2017 Ashraf Laidi in his book “Currency trading and internal market analysis” reveals the secrets of currency movements. In plain English, he helps traders to recognize the dominant trends in the international financial and commodity markets. In a very...

Trump’s to-do list for the first days of his presidency 1/23/2017 The inauguration day is over. The next chapter of American history is playing out right before our eyes. Newly elected President didn’t waste his time in moving forward with his policy plans. Shortly after Mr. Trump was sworn...

GBP/USD: "Flag" helped bulls to move on 1/23/2017 The current downtrend is acting as a resistance. However, if the price breaks this trend line, bulls are likely going to test a resistance between the levels 1.2468 – 1.2509. If a pullback from this area happens, bears will probably try to...

EUR/USD: bulls going to test the nearest resistance 1/23/2017 The price faced a resistance at 1.0745. However, bulls are likely going to move on, so we should keep an eye on the next resistance at 1.0795 as a possible intraday target. If a pullback from this level happens, there’ll be an...

AUD/USD: market is under resistance 1/23/2017 Technical levels: support – 0.7550; resistance – 0.7610. Trade recommendations: 1. Buy — 0.7550; SL — 0.7530; TP1 — 0.7610. 2. Sell — 0.7610; SL — 0.7630; TP1 — 0.7550; TP2 — 0.7510. Reason: expanding bullish Ichimoku Cloud and the rising Senkou...

EUR/USD: on the new highs 1/23/2017 Technical levels: support – 1.0720; resistance – 1.0800. Trade recommendations: 1. Buy — 1.0720; SL — 1.0700; TP1 — 1.0800; TP2 – 1.0830. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; rising Tenkan-sen and Kijun-sen and cancelled...