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Morning brief for January 23 1/23/2017 Good morning everyone! Here is some FX news that happened while you were sleeping. USD/JPY slumped to 113.70 on the fears that Trump’s “America First” policy can lead to renegotiation of the NAFTA agreement, trade wars with key Asian economies...

GBP/USD: bulls are going to repeat their attack 1/23/2017 On the GBP/USD daily chart, bulls failed to test the resistance at 1.244 (point B in the "Shark" inverted pattern). But they don't stop their efforts to break this level. If they manage to test it, the quotes may rise further towards...

USD/CAD: bears showed a slack 1/23/2017 On the USD/CAD daily chart, bears failed to break the uptrend. After breaking the diagonal support the bulls managed to repel the bears' attack and return quotes to the long-term trading channel. At the present moment, there is a struggle for the...

Key option levels for Monday, January 23th 1/22/2017 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 31 796 ? + 9 285 ? Closest resistance levels 1.0730; 1.0760; 1.0778; 1.0805 Closest support levels 1.0672; 1.0636...

EUR/AUD reached sell target 1.4100 1/20/2017 EUR/AUD reached sell target 1.4100 Next buy target - 1.4300 EUR/AUD continues to rise after the recent upward reversal from the strong support level 1.4100 (which stopped the previous waves (a), 1, a, b and which was set as the sell target in our...

USD/CAD rising inside intermediate impulse wave (3) 1/20/2017 USD/CAD rising inside intermediate impulse wave (3) Next buy target – 1.3450 USD/CAD has been rising sharply in the last trading sessions inside the intermediate impulse wave (3) – which started earlier – when the pair reversed up...

EUR/USD: wave 2 is on the way 1/20/2017 There’s a bearish wedge in wave 1, which has been finished on 1/8 MM Level. Also we’ve got another wedge in wave [a], so wave 2 is likely going to be continued. Therefore, there’s an opportunity to have wave in the short term. As we can see on the...

USD/JPY: bulls going to break the last high 1/20/2017 The price reached the 55 Moving Average, so we’ve got an “Engulfing” on this line, but the pattern hasn’t been confirmed yet. Therefore, the price is likely going to test the nearest resistance in the short term. Considering a possible...

EUR/USD: "Three Black Crows" arrived 1/20/2017 We’ve got a “Shooting Star”, which has been confirmed. Therefore, the market is likely going to get a support on the nearest “Window” in the short term, which could be a departure point for a local upward correction. However, bears will probably...

Key option levels for Friday, January 20th 1/20/2017 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 149 834 ? - 10 885 ? Closest resistance levels 1.0682; 1.0708; 1.0733/45; 1.0778 Closest support levels 1.0633...

GBP/USD outlook for January 23-27 1/20/2017 GBP/USD experienced the tremendous uplift in the course of the past week after prime minister Theresa May assured the public that the UK will reap lots of benefits after the country’s separation with the EU. The pound was rising throughout the week...

AUD/USD outlook for January 23-27 1/20/2017 Aussie spiked to 0.7590 in the course of the past week mainly on the relative weakness of the US dollar. Janet Yellen was the main troublemaker. Her recent comments on the future of the Fed’s monetary policy sent the greenback lower on Friday...

GBP/USD: consolidation going to move on 1/20/2017 Bears faced a support on the 55 Moving Average, so we’ve got a “Triple Bottom” pattern here, which helped bulls to reach a resistance at 1.2387. Therefore, bears are likely going to test the 34 Moving Average in the short term. Considering a...

EUR/USD: bulls going to test the next resistance 1/20/2017 The price faced a support on the 34 Moving Average, so we’ve got a “V-Bottom” pattern here, which led to an achievement of the nearest resistance at 1.0697. Therefore, bears are likely going to test a support at 1.0655 – 1.0594 in the...

Morning brief for January 20 1/20/2017 All traders will be on tenter-hooks ahead of the US President-elect Donald Trump’s inauguration. You should be extremely wary and cautious these days as Donald Trump is preparing to sign several executive actions that can be implemented without the input...

AUD/USD: bulls are tough with bears 1/20/2017 On the AUD/USD daily chart, bulls managed to regain their initiative after a small rollback. Until the quotes fall below 0.75 level, the buyers will remain their control of the pair. They are determined to push the Australian dollar up towards...

Gold: bulls took a rest 1/20/2017 On the daily chart of gold, there is a fight for the important level located at 1,205. Everything depends on the outcome of this bear-bull fight. If bulls manage to win, the quotes may rise. In contrast, prices may move in the opposite direction in case of...

Complete guide to Brexit process 1/19/2017 Current state of affairs GBP/USD spearheaded on Tuesday after Theresa May painted a rather rosy future for the UK outside the EU. Ms. May’s aims in the forthcoming Brexit negotiations have finally been set out. The UK prime minister emphasized that...

USD/JPY: "Three Methods" pushing the price higher 1/19/2017 The price reached the 34 Moving Average, so we’ve got an “Engulfing” pattern on this line. If it confirms, the price is likely going to test the 55 Moving Average, which could be a departure point for another bullish price movement...

EUR/USD: bulls going to test resistance 1/19/2017 We’ve got a “Morning Star”, which has been confirmed enough. So, there’s an opportunity to have a local bullish price movement towards the nearest resistance. If a pullback from this level happens, bears are likely going to test the 34 Moving...