Search results

USD/CAD ahead of Crude Oil Inventories: Can we expect another selling's wave? 1/11/2017 The oil has been on the wires during the last weeks and during yesterday’s session, we saw a decline in the prices per barrel. Today we’ll have a key event at 15:30 GMT with the Crude Oil Inventories from...

USD/JPY: bullish "Three White Soldiers" 1/10/2017 We’ve got an “Engulfing” and a “Three Black Crows” at the last high, which both have been confirmed. However, there’s a bullish “Harami” at the local low, but this pattern doesn’t have a confirmation. So, if the 13 Moving Average acts as a...

EUR/USD: "Shooting Star" set up bearish correction The last “Tower” and “Engulfing” patterns are still on the table. Also, there’s a bearish “Harami”, so the 13 Moving Average is likely going to act as a support. If we see any bullish pattern on this line, bulls will probably try to test the...

EUR/USD: resistance by 3/8 MM Level 1/10/2017 We’ve got the third pullback from 3/8 MM Level in a row, so there’s an opportunity to have another bearish impulse in wave (iii). However, this wave count requires a confirmation, which could be a lodgement under 2/8 MM Level. As we can see on...

Key option levels for Tuesday, January 10th 1/10/2017 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 116 042 ? + 124 456 ? Closest resistance levels 1.0608; 1.0629; 1.0659; 1.0683 Closest support levels 1.0574...

USD/JPY: the Dollar is loosing its positions again 1/10/2017 Technical levels: support – 115.40, 115.15; resistance – 115.90, 116.30. Trade recommendations: 1. Sell — 116.30; SL — 116.50; TP1 — 115.40; TP2 — 115.15. Reason: bearish Ichimoku Cloud, falling Senkou Span A and expanding cloud; a...

AUD/USD: bulls are broke through SSB resistance 1/10/2017 Technical levels: support – 0.7340; resistance – 0.7430. Trade recommendations: 1. Buy — 0.7360; SL — 0.7340; TP1 — 0.7415; TP2 — 0.7430. Reason: bearish Ichimoku Cloud, but the rising Senkou Span A and the narrowing cloud’s range; a...

GBP/USD: bearish "Pennant" 1/10/2017 The main trend is still bearish. The price faced a support at 1.2113, so bulls are trying to set up an upward correction. If we see any bearish pattern in the coming hours, the market is likely going to test the next support at 1.2081. If a pullback from...

EUR/USD: bulls broke the high 1/10/2017 The last downtrend has been broken, so the pair found a resistance at 1.0628. However, we’ve got a “V-Top” pattern. In this case, the market is likely going to test a support at 1.0575 in the short term. Considering a possible pullback from this level...

USD/JPY: bears have launched an attack 1/10/2017 On the daily USD/JPY chart, the bears are trying to achieve a correction. They managed to trigger the "Double top" pattern for the second time and pull the pair towards 113.50-114.00. However, the sellers first need to make the greenback dip...

Gold: bulls met resistance 1/10/2017 On the daily chart, gold is correcting towards the descending medium-term trend. If the bulls manage to settle above resistance at $1184 an ounce, the risks of increase towards $1220 will grow. On the other hand, recoil will let the bears gather strength for...

AUD/USD & Retail Sales: A decline is coming soon in the Aussie? 1/10/2017 Today at 00:30 GMT will be released the Australian Retail Sales for November and there are expectations of a slight decrease to 0.4% from the 0.5% posted on October, which beats the forecasts that put the data on 0.3%...

GBP/AUD falling inside intermediate downward impulse (3) 1/9/2017 GBP/AUD falling inside intermediate downward impulse (3) Next sell target - 1.6250 GBP/AUD continues to fall inside the minor impulse wave 1, which belongs to the intermediate downward impulse (3), which started recently from the...

GBP/USD broke strong support level 1.2200 1/9/2017 GBP/USD broke strong support level 1.2200 Next sell target - 1.2000 GBP/USD continues to fall after the recent breakout of the strong support level 1.2200 (which stopped the previous impulse waves 1 and (b), as can be seen from the daily...

USD/JPY: "High Wave" stopped bulls 1/9/2017 There’s an “Inverted Hammer”, which has been confirmed enough. At the same time, we’ve got a local bearish “Engulfing” at the local high. So, the price is likely going to test the nearest support level. We’ve got a bearish “High Wave”, which has...

EUR/USD: bearish "Engulfing" on the "Window" 1/9/2017 We’ve got a “Tower” and an “Engulfing”, which both have been confirmed. Therefore, bears are likely going to test the nearest support. If we see any bullish pattern later on, there’ll be an opportunity to have another upward movement...

AUD/USD: aussie looks very strong 1/9/2017 Technical levels: support – 0.7260/70; resistance – 0.7345, 0.7390. Trade recommendations: 1. Buy — 0.7270; SL — 0.7250; TP1 — 0.7340; TP2 — 0.7390. Reason: bearish Ichimoku Cloud, but the rising Senkou Span A; a golden cross of Tenkan-sen and...

EUR/USD: Euro stays in the Cloud 1/9/2017 Technical levels: support – 1.0480, 1.0500; resistance – 1.0550, 1.0580. Trade recommendations: 1. Buy — 1.0500; SL — 1.0480; TP1 — 1.0580; TP2 – 1.0690. Reason: bullish, but the narrow Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross...

EUR/USD: wave (iii) started 1/9/2019 We’ve got a pullback from 3/8 MM Level, which points to a possible ending of wave (ii). Previously, wave [ii] has been formed like a zigzag. Therefore, bears are likely going to deliver an impulse in wave (iii) of [iii] in the short term. As we can see...

GBP/USD: "Double Top" led to massive decline 1/9/2017 The main trend is still bearish. We’ve got a “Double Top” pattern, which has been confirmed, so the price faced a support at 1.2198. Therefore, bears are likely going to reach the next support at 1.2142 in the short term. If a pullback...