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Key option levels for Wednesday, December 14th 12/14/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 41 847 ? + 83 741 ? Closest resistance levels 1.0676; 1.0713; 1.0746; 1.0770 Closest support levels 1.0603...

Banks' projections ahead of the FOMC meeting 12/14/2016 The FOMC meeting is one of the highly-anticipated events of the year. The Fed is widely expected to raise its interest rate by 25bp.The hike is already priced in, so many banks don't expect significant moves from the US dollar. They...

GBP/USD: bulls going to test "V-Top" 12/14/2016 We’ve got a “V-Top” pattern, which has been confirmed. In this case, the market is likely going to decline towards a support near the uptrend. Considering a possible pullback from this level, there’s an opportunity to have an upward movement in...

Morning brief for December 14 12/14/2016 EUR/USD edged up above 1.0635 in the course of the Asian session having propped by the widening spread between US and German 2-year yields. All eyes on the FOMC meeting. The outcome will be announced at 9:00 pm GMT+2. Chair Janet Yellen’s press...

EUR/USD: "Thorn" stopped bulls 12/14/2016 There’s a local consolidation inside the resistance area. Therefore, the market is likely going to reach the next resistance on the 89 Moving Average. If a pullback from this line happens, bears will probably try to test a support at 1.0655 – 1.0594...

AUD/USD: bearish trend is coming 12/14/2016 Technical levels: support – 0.7470; resistance – 0.7500, 0.7525. Trade recommendations: 1. Sell — 0.7500; SL — 0.7520; TP1 — 0.7440; TP2 — 0.7340. Reason: bullish Ichimoku Cloud, but there is a falling Senkou Span B; a weak golden cross of...

GBP/USD: pound corrected to Kijun 12/14/2016 Technical levels: support – 1.2640/50, 1.2625; resistance – 1.2730. Trade recommendations: 1. Buy — 1.2650; SL — 1.2630; TP1 — 1.2730; TP2 — 1.2750. Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and...

EUR/USD: in correction to Kijun-sen 12/14/2016 Technical levels: support – 1.0590, 1.0630; resistance – 1.0695. Trade recommendations: 1. Sell — 1.0690; SL — 1.0710; TP1 — 1.0590; TP2 – 1.0560. Reason: bearish narrow Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but the rising...

EUR/USD: will euro catch the Crab? 12/14/2016 On the EUR/USD daily chart, bulls attacked once again to develop correction. If this attack, as the previous one, fails, the successful test of support at 1,051 will signal about the continuation of the downward movement towards the target 161.8% in...

EUR/GBP: bears regained their control over the market 12/14/2016 On the EUR/GBP daily chart, correction towards 0.856 can be used for opening short positions. A breakout of the support located near the December low (0.829) can lead to the continuation of the downward movement in the direction...

EUR/USD & December's Fed Meeting: A rate hike is coming finally... 12/14/2016 Today is the D-Day for the Federal Reserve, as the central bank will meet to take an interest rate decision and markets had been pricing a rate hike by approximately 25 basis points, according to latest analysts’...

EUR/NZD falling inside minor impulse wave (iii) 12/13/2016 EUR/NZD falling inside minor impulse wave (iii) Next sell target - 1.4600 EUR/NZD continues to fall inside the minor impulse wave (iii), which belongs to the wave 3 from October (which is itself a part of the intermediate impulse wave...

GBP/JPY broke resistance level 146.10 12/13/2016 GBP/JPY broke resistance level 146.10 Next buy target – 150.00 GBP/JPY today broke above resistance level 146.10 (which stopped the previous minor impulse wave (i) at the start of this month). The price earlier broke through the resistance level...

EUR/USD: wave [ii] going to end 12/13/2016 We’ve got a bearish impulse in wave . Previously, wave 2 formed like a flat. Therefore, there’s an opportunity to have wave [ii] in the short term. At the same time, if the price finds a lodgement under -1/8 MM Level afterwards, bears are likely...

USD/JPY: "Engulfing" points to local decline 12/13/2016 There’s a bearish “Harami”, which has been confirmed enough. However, the 13 Moving Average acted as a support. So, bears are likely going to test the nearest resistance once again. If any bearish pattern arrives afterwards. there’ll be...

EUR/USD: bearish "Tweezers" 12/13/2016 There’s a resistance by the nearest “Window”, so we’ve got a bearish “Harami”. If this pattern confirms, bears are likely going to deliver a local downward correction. As we can see on the Daily chart, we’ve got a bullish “Engulfing” pattern, so there’s...

Some forecasts ahead of the BOE meeting 12/13/2016 On Thursday at 7 am 12:00 GMT+2 the Bank of England will announce its interest rate decision. Many strategists believe that the BoE will maintain its current monetary stance unchanged in line with consensus forecasts and market pricing. The...

Key option levels for Tuesday, December 13th 12/13/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 15 307 ? + 119 816 ? Closest resistance levels 1.0686; 1.0725; 1.0757; 1.0780 Closest support levels 1.0627...

AUD/USD: trading in the Cloud will continue 12/13/2016 Technical levels: support – 0.7470; resistance – 0.7525. Trade recommendations: 1. Sell — 0.7525; SL — 0.7445; TP1 — 0.7470; TP2 — 0.7440. Reason: bullish Ichimoku Cloud and falling Senkou Span B; a weak golden cross of Tenkan-sen and...

GBP/USD: on the Cloud’s support 12/13/2016 Technical levels: support – 1.2670, 1.2625; resistance – 1.2730. Trade recommendations: 1. Buy — 1.2630; SL — 1.2610; TP1 — 1.2730; TP2 — 1.2750. Reason: narrowing bullish Ichimoku Cloud; a cancelled dead cross of Tenkan-sen and Kijun-sen; a strong...