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Happy New Year to all traders! 1/3/2017 Here is the end of another choppy year that brought a great many of peaks and troughs to our technical charts. There were many joys and sorrows we will be nostalgic for, many turnaround events that will be stamped in our memories. May your gut feeling...

EUR/AUD falling inside minor impulse wave (iii) 1/3/2017 EUR/AUD falling inside minor impulse wave (iii) Next sell target - 1.4300 EUR/AUD continues to fall sharply inside the minor impulse wave (iii), which started previously, when the pair reversed down from the resistance zone lying between...

GBP/USD & UK Manufacturing PMI (December): Will the bears strengthen further? 1/3/2017 Today at 09:30 GMT will be published the UK Manufacturing PMI for December, which saw a decline during November to 53.4 and analysts are expecting more dips in the data, but the consensus is calling for a...

Happy New Year to all traders! 1/2/2017 Here is the end of another choppy year that brought a great many of peaks and troughs to our technical charts. There were many joys and sorrows we will be nostalgic for, many turnaround events that will be stamped in our memories. May your gut feeling...

EUR/USD & German PMI Manufacturing (December 2016): It's time to sell? 1/2/2017 Today at 08:55 GMT will be released the final German PMI Manufacturing data for December and it’s expected to remain unchanged on 55.5. In the Eurozone, Spain, France and Italy are expected to release their PMI...

Key option levels for Monday, January 2nd 1/2/2017 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 28 999 ? + 65 896 ? Closest resistance levels 1.0578; 1.0603; 1.0632; 1.0655 Closest support levels 1.0512; 1.0485...

EUR/USD: "High Wave" stopped bears 12/30/2016 The main trend is a still bearish, but we’ve got a bullish “High Wave”, which is hasn’t been confirmed yet. So, there’s an opportunity to have a small flat and another test of the nearest support. If a pullback from this level happens, the market...

EUR/USD: wave 3 going to move on 12/30/2016 The market has been falling down since a triangle in wave (Y) of ended. So, there’s an opportunity to have an extension in wave 3. In this case, if the price finds a lodgement under 3/8 MM Level, bears are likely going to achieve 0/8 MM Level...

2017 – another bumpy year for gold? 12/30/2016 This year was extremely bumpy for the gold prices. In the beginning of 2016, gold prices were rising rapidly driven by the low/negative interest rates in many developed countries. The result of the UK referendum on the country’s membership in the...

GBP/USD: "Double Bottom" led to rise 12/30/2016 The price found a support at 1.2205, which led to form a “Double Bottom” pattern, which has been confirmed. So, the price broke the last “Pennant’s” high. In this case, bulls are likely going to move on towards the 34 Moving Average. Considering...

EUR/USD: bullish party ended by "Thorn" 12/30/2016 The price faced a support at 1.0373, so we’ve got a “Triple Bottom”, which has been confirmed. So, bulls reached a resistance at 1.0669, which led to form a “Thorn” pattern. In this case, the market is likely going to decline towards a...

GBP/USD: pound tested a SSA’s resistance 12/30/2016 Technical levels: support – 1.2250/60, 1.2230; resistance – 1.2310. Trade recommendations: 1. Sell — 1.2260; SL — 1.2280; TP1 — 1.2150; TP2 — 1.2090. Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a temporary cancelled dead...

EUR/USD: final shooting of Euro 12/30/2016 Technical levels: support – 1.0510, 1.0480, 1.0420; resistance – 1.0620. Trade recommendations: 1. Sell — 1.0520; SL — 1.0540; TP1 — 1.0480; TP2 – 1.0420. Reason: narrowing bearish Ichimoku Cloud; the lines Tenkan-sen and Kijun-sen are horizontal...

Key option levels for Friday, December 30th 12/30/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 47 861 ? + 183 855 ? Closest resistance levels 1.0527; 1.0557; 1.0572; 1.0592 Closest support levels 1.0486...

Happy New Year to all traders! 12/30/2016 Here is the end of another choppy year that brought a great many of peaks and troughs to our technical charts. There were many joys and sorrows we will be nostalgic for, many turnaround events that will be stamped in our memories. May your gut feeling...

Morning brief for December 30 12/30/2016 EUR/USD spiked to 1.0653 in the course of the Asian session (its biggest intraday gain since early November). The US dollar slackened on the year-end profit-taking. There wasn’t any news hitting the wires. Italy’s government is going to bailout the...

EUR/USD ahead of New Year Eve: Preparing the ground to reach the parity in 2017? 12/30/2016 Market’s volume is getting lower as 2016 is coming to an end. That’s why we’ve witnessed some take profiting’s price action in various assets. Today’s session could see some slight moves in order to...

USD/CHF reversed from long-term resistance level 1.0320 USD/CHF reversed from long-term resistance level 1.0320 Next sell target - 1.0320 USD/CHF has been falling in the last few trading sessions inside the minor impulse wave 1, which belongs to the intermediate (C)-wave which started earlier –...

NZD/CAD rising inside minor corrective wave 2 12/29/2016 NZD/CAD rising inside minor corrective wave 2 Next buy target - 0.9500 NZD/CAD continues to rise strongly inside the minor corrective wave 2 – which earlier broke through the resistance trendline of the daily Falling Wedge from the start...

USD/JPY: "High Wave" pushing the market higher 12/29/2016 We’ve got an “Engulfing” and a “Three Black Crows”, which both have been confirmed enough. If we see any bullish pattern in the coming hours, there’ll be a chance to have a local upward correction. As we can see on the Daily chart...