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USD/JPY: bears going to move on 1/12/2017 There’s a “Shooting Star” on the 21 Moving Average, which has been confirmed enough. Considering that we don’t have any reversal pattern here, the market is likely going to continue falling down towards the nearest support level. The last “Three...

EUR/USD: pullback from the "Window" 1/12/2017 The price reached the upper “Window”, so we’ve got a “Harami” here. If this pattern confirms, bears are likely going to test the 13 Moving Average, which could be a departure point for another bullish rally. We’ve got a “Hanging Man” at the...

AUD/USD: market is overbought 1/12/2017 Technical levels: support – 0.7450, 0.7410; resistance – 0.7525/45. Trade recommendations: 1. Sell — 0.7530; SL — 0.7550; TP1 — 0.7450; TP2 — 0.7410. Reason: bearish Ichimoku Cloud the rising Senkou Span A and B; a golden cross of Tenkan-sen and...

GBP/USD: under the Cloud 1/12/2017 Technical levels: support – 1.2215; resistance – 1.2330. Trade recommendations: 1. Sell — 1.2330; SL — 1.2350; TP1 — 1.2215; TP2 — 1.2160. Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but Tenkan-sen is rising; the prices are...

Key option levels for Thursday, January 12th 1/12/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 59 778 ? + 78 859 ? Closest resistance levels 1.0657; 1.0681; 1.0714; 1.0756 Closest support levels 1.0591...

GBP/USD: "V-Bottom" stopped bears 1/12/2107 The main trend is still bearish, but the price is likely going to test the nearest resistance between the levels 1.2270 – 1.2309. If we see a pullback from this area, bears will probably try to test the closest support at 1.2198 – 1.2170. The...

EUR/USD: bulls going to test resistance 1/12/2017 We’ve got a “Thorn” pattern, which stopped the last bearish price movement. So, the pair is trying to break a resistance at 1.0594 – 1.0655. It’s likely that bulls are going to reach the next resistance at 1.0669 – 1.0689. If a pullback from...

GBP/USD recovered from the bottom 1/12/2017 On the daily GBP/USD chart, the pair rebounded from the lower border of the downtrend channel. The pair's currently fighting for the important level of 1.2207 (23.6% of the last bearish wave). The bulls' victory will increase the risks of growth...

USD/CHF: bears are hogging the cover 1/12/2017 On the daily USD/CHF chart, bears made another attack aiming to lead the pair outside of the rising channel. If they succeed, the test of support at 1.0025 will trigger the "Shark" pattern. Its 88.6% target is situated near 0.9625. On H1...

EUR/USD after Donald Trump's press conference: temporary weakness on the USD? 1/12/2017 Donald Trump’s press conference helped to smash the US Dollar across the board, as the US president-elect didn’t say anything about key topics that investors were looking for. Trump kept its pro-Putin’s...

EUR/AUD reached sell target 1.4300 1/11/2017 EUR/AUD reached sell target 1.4300 Next sell target - 1.4100 EUR/AUD continues to fall after the recent breakout of the support level 1.4300, which was set as the sell target in our previous forecast for this currency pair. The breakout of this...

EUR/CAD falling inside minor impulse wave 3 1/11/2017 EUR/CAD falling inside minor impulse wave 3 Next sell target - 1.3830 EUR/CAD has been falling sharply in the last few trading sessions inside the minor impulse wave 3, which started earlier from the resistance zone lying between the...

EUR/USD: wave i of (iii) is on the way 1/11/2017 The price has been declining since a pullback from 3/8 MM Level happened. Therefore, bears are likely going to deliver wave (iii) in the short term. In this case, we could have a new low soon. As we can see on the one-hour chart, wave (ii)...

USD/JPY: "Window" going to act as a resistance 1/11/2017 We’ve got an “Inverted Hammer” and a “Harami”, which both have been confirmed. In this case, the market is likely going to test the upper “Window” in the short term. If a pullback from this level happens, bears will probably try to...

EUR/USD: bears broke "Window" 1/11/2017 We’ve got a “Tower”, an “Engulfing” and a “Harami”, which all have been confirmed enough. Therefore, the market is likely going to continue falling down towards the nearest support. If a pullback from this level happens, there’ll be an opportunity to...

Key option levels for Wednesday, January 11th 1/11/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 129 660 ? + 19 362 ? Closest resistance levels 1.0588; 1.0610; 1.0641; 1.0666 Closest support levels 1.0543...

GBP/USD: Pound may correct deeper 1/11/2017 Technical levels: support – 1.2150; resistance – 1.2230, 1.2270, 1.2330. Trade recommendations: 1. Buy — 1.2170; SL — 1.2150; TP1 — 1.2230; TP2 — 1.2270. 2. Sell — 1.2270; SL — 1.2290; TP1 — 1.2150; TP2 — 1.2110. Reason: expanding bearish Ichimoku...

EUR/USD: bulls can’t overcome the SSB resistance 1/11/2017 Technical levels: support – 1.0500, 1.0530; resistance – 1.0610, 1.0650/60. Trade recommendations: 1. Buy — 1.0550; SL — 1.0530; TP1 — 1.0650; TP2 – 1.0690. Reason: bullish mood of the Ichimoku Cloud, but horizontal Senkou Span A and...

GBP/USD: correction going to move on 1/11/2017 The main trend is still bearish. The price is consolidating between a support at 1.2113 and a resistance at 1.2198. So, the market is likely going to decline towards a support at 1.2081. If we see a pullback from this level, there’ll be an option...

EUR/USD: bears going to test the next support 1/11/2017 We’ve got a new local high on the four-hours chart. Also, there’s a “V-Top” pattern, so the price reached a support at 1.0552. However, bears are likely going to continue pushing the price lower, so we should keep an eye on the next...