Donald Trump’s inauguration day
1/19/2017
Donald Trump will be sworn in as the 45th President of the United States on Friday, Jan 20.
Schedule of the day
The inauguration ceremony will start at 11.30 am local time (6:30 pm MT time). After the oath, Mr. Trump will give an inaugural speech...
USD/JPY: Dollar tested the Cloud’s resistance
1/19/2017
Technical levels: support – 113.80; resistance – 114.50.
Trade recommendations:
1. Sell — 114.50; SL — 114.70; TP1 — 113.80; TP2 — 113.10.
Reason: bearish Ichimoku Cloud but its diapason is narrowed; a dead cross of falling Tenkan-sen...
Key option levels for Thursday, January 19th
1/19/2017
EUR/USD
Main trend Short-term period Medium-term period
Neutral Neutral
Changes in the open interest + 116 454 ? + 96 632 ?
Closest resistance levels 1.0692; 1.0716; 1.0740/51; 1.0783
Closest support levels 1.0662...
Don't miss the ECB meeting
1/19/2017
Later today at 14:45 (MT time) the ECB will announce its rate decision for the first time this year, then there will be a press conference at 15:30 (MT time) with its Q&As that should bring some moves to the chart.
Most analysts don’t expect significant...
GBP/USD: 50% level waiting for bears
1/19/2017
The main trend is still bearish. The price faced a resistance at 1.2432, which led to form a “V-Top” pattern, which has been confirmed. Therefore, the market is likely going to continue falling down towards an area between the 34 Moving Average...
EUR/USD: bulls are losing their strength
1/19/2017
On the EUR/USD daily chart, bulls and bears are fighting for the important level located at 1,064. To restore the "bullish" short-term trend bulls need to consolidate higher and update January's high. Alternatively, a breakout of the diagonal...
Morning brief for January 19
1/19/2017
Today’s Asian session was a bit dull following the significant US dollar boost overnight. Chair Yellen was on the wires yesterday speaking of the Fed’s monetary policy near-term projections. Ms. Yellen hinted at a gradual increase in interest rates as the...
EUR/USD: bears going to test the next support
1/19/2017
The price faced a resistance at 1.0745, so we’ve got a “V-Top” here. In this case, the market is likely going to decline towards a support at 1.0578 in the short term. If a pullback from this level happens, there’ll be an opportunity to...
rising in the minor impulse wave
1/18/2017
AUD/CAD rising in the minor impulse wave
Next buy target - 1.0000
AUD/CAD continues to rise inside the minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of December. The active impulse wave (3) started when the pair...
NZD/CAD rising inside intermediate impulse wave
1/18/2017
NZD/CAD rising inside intermediate impulse wave
Next buy target – 0.9500
NZD/CAD has been rising in the last few trading sessions inside the intermediate impulse wave (3) from the start of January. The active impulse wave (3) started...
EUR/USD: wave going to move on
1/18/2017
We’ve got a wedge in wave [a], so wave 2 is likely going to be continued. In this case, bears are likely going to form wave in the short term. If a pullback from 2/8 MM Level arrives afterwards, there’ll be an opportunity to have wave [c] of 2.
As...
USD/JPY: bullish "Engulfing"
1/18/2017
The price reached the lower “Window”, so we’ve got an “Engulfing” pattern here, which has been confirmed. Therefore, the pair is likely going to test the nearest “Three Methods” pattern and the 21 Moving Average, which both could be a departure point for...
EUR/USD: bears going to test "Window"
1/18/2017
There’s a “Shooting Star” at the local high, which has been confirmed enough. So, bears are likely going to test the nearest “Window” and the 21 Moving Average. If a pullback from these levels happens, there’ll be an opportunity to have another...
GBP/USD: game direction is changed
1/18/2017
Technical levels: support – 1.2300, 1.2270; resistance – 1.2370, 1.2410.
Trade recommendations:
1. Buy — 1.2300; SL — 1.2280; TP1 — 1.2370; TP2 — 1.2410.
Reason: bearish Ichimoku Cloud will changed to bullish; a new golden cross of Tenkan-sen and...
Key option levels for Wednesday, January 18th
1/18/2017
EUR/USD
Main trend Short-term period Medium-term period
Bearish Neutral
Changes in the open interest -No Data- -No Data-
Closest resistance levels 1.0734; 1.0768; 1.0787; 1.0815
Closest support levels 1.0693...
GBP/USD: "Double Top" stopped bulls
1/18/2017
Bulls went through the last “Breakaway Gap” yesterday, so the price faced a resistance at 1.2432, which led to form a “V-Top” pattern. Under this circumstances, bears are likely going to test the 55 Moving Average. If a pullback from this line...
EUR/USD: bearish "Triple Top"
1/18/2017
The last “Flag” has been broken, so the price reached a resistance at 1.0709. Meanwhile, there’s a “V-Top” pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.0655 – 1.0594 in the short term. If a...
GBP/USD reversed from support zone
1/17/2017
GBP/USD reversed from support zone
Next buy target - 1.2450
GBP/USD continues to rise after the earlier upward reversal from the support zone lying between the strong support level 1.2020 (which stopped the previous intermediate impulse wave (1) in...