Search results

GBP/USD after "Hard Brexit" headlines: lower levels in the mid-term? 1/16/2017 Monday’s Asian opening was headlined by a strong sell off in GBP across the board, as the currency is digesting the statements from UK PM Theresa May about a possible “hard Brexit”, suggesting that such negotiations...

Key option levels for Monday, January 16th 1/15/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 1 578 454 ? - 115 025 ? Closest resistance levels 1.0668; 1.0690; 1.0720; 1.0745 Closest support levels 1.0634...

EUR/USD: outlook for January 16-20 1/13/2017 During the past week, EUR/USD tested higher levels. The weaker US dollar and stronger industrial production in the euro area drove the pair to the upside. At the same time, the single currency didn’t manage to step far from its recent lows...

EUR/GBP reached buy target 0.8600 1/13/2017 EUR/GBP reached buy target 0.8600 Next buy target - 0.8900 EUR/GBP continues to rise inside the accelerated impulse waves 3 and (3), which earlier broke through the pivotal resistance level 0.8600, which was set as the buy target in our earlier...

USD/CHF reached sell target 1.0060 1/13/2017 USD/CHF reached sell target 1.0060 Next sell target – 1.0000 USD/CHF recently reached the strong support level 1.0060, which was set as the sell target in our previous forecast for this currency pair. The price earlier broke through the 38.2%...

GBP/USD: outlook for January 16-20 1/13/2017 In the past week, despite the weakness of the US dollar, British pound, unlike the euro, stayed under pressure. The UK economic figures were mixed: manufacturing and industrial production showed good gains in November, but goods trade deficit...

USD/JPY: outlook for January 16-20 1/13/2017 USD/JPY fell below the 115.50 support. We may see a deeper correction within the overall uptrend. Still, daily MAs are in the bullish setup. The pair has support around 114.20/00 (23.6% Fibo of August-December advance). Further support is at 112.90...

US dollar: outlook for January 16-20 The US dollar index (DXY) weakened during the past week after the initial attempt to get towards 103.00. 1/13/2017 The main negative pressure on the American currency came from the disappointment that President-elect Donald Trump didn’t give more details...

USD/JPY: bullish "Inverted Hammer" 1/13/2017 We’ve got a “Tower” at the local low, which has been confirmed enough. However, there’s a bearish “Evening Star”, so the price is likely going to continue falling down towards the nearest support level, which could be a departure point for an...

EUR/USD: bulls going to test resistance again 1/13/2017 There’s a “Harami” at the local high. Also, we’ve got a bullish “Tweezers”, which has been confirmed enough. In this case, the price is likely going to test the nearest resistance once again. If any bearish pattern arrives afterwards...

AUD/USD: market still is overbought 1/13/2017 Technical levels: support – 0.7440, 0.7410; resistance – 0.7525/45. Trade recommendations: 1. Buy — 0.7440; SL — 0.7420; TP1 — 0.7450. 2. Sell — 0.7530; SL — 0.7550; TP1 — 0.7450; TP2 — 0.7410. Reason: bullish Ichimoku Cloud and the rising...

EUR/USD: bulls looks stronger 1/13/2017 Technical levels: support – 1.0620; resistance – 1.0710. Trade recommendations: 1. Buy — 1.0620; SL — 1.0610; TP1 — 1.0710; TP2 – 1.0750. Reason: bullish mood of the Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of...

Key option levels for Friday, January 13th 1/13/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 75 055 ? + 84 219 ? Closest resistance levels 1.0652; 1.0679/85; 1.0712 Closest support levels 1.0616; 1.0595...

GBP/USD: Moving Average acted as resistance again 1/13/2017 The main trend is still bearish. Also, there’s a “Double Top”, which has been formed under a resistance at 1.2309. So, the market is likely going to test the nearest support at 1.2113 – 1.2081 in the short term. At the same time...

EUR/USD: "Triple Top" stopped bullish rally 1/13/2017 The price faced a resistance at 1.0689, which led to form a “V-Top” pattern, so the market is likely going to get a support between the 89 Moving Average and the level 1.0551. If a pullback from this area happens, there’ll be an...

EUR/USD: bulls have stopped 1/13/2017 On the daily EUR/USD chart, the bulls managed to leave the medium-term descending channel but met resistance located at 1.0638 (23.6% Fibo of the last bearish wave). Despite the recent success of the euro, sellers are keeping the pair under control, so...

USD/JPY: bears are running out of power 1/13/2017 On the daily USD/JPY chart, 88.6% target of the "Bat" pattern and 23.6% Fibo of the last long-term bullish wave managed to stop the bears for a while. To develop correction they need to pull the prices below convergence area of 113.60-114.00. On...

AUD/USD reached buy target 0.7400 1/12/2017 AUD/USD reached buy target 0.7400 Next buy target - 0.7520 AUD/USD continues to rise strongly after the recent breakout of the resistance level 0.7400, which was set as the buy target in our previous forecast for this currency pair. The breakout of...

NZD/USD broke resistance zone 1/12/2017 NZD/USD broke resistance zone Next buy target - 0.7230 NZD/USD continues to rise after the recent breakout of the resistance zone lying between the resistance level 0.7100 (previous buy target set in our previous forecast for this currency pair), 61.8%...

EUR/USD: zigzag in wave 2 1/12/2017 There’re four pullbacks in a row from 1/8 MM Level, so the price is rising. In this case, wave 2 is likely going to be continued. The main intraday target is 4/8 MM Level, which could act as a resistance. As we can see on the one-hour chart, wave 2 is...