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Gold prices are still consolidating 12/28/2016 On the daily chart of gold, the "bulls" are trying to launch the attack. However, until quotes are below the resistance at $1,172 (61.8% Fibonacci level formed from the last upward wave); the "bears" remain their control over the pair. Target...

EUR /USD: the bears got in the bears' trap 12/28/2016 On the EUR/USD daily chart, there is a consolidation within the range of 1,039-1,05. The nearest significant resistance level is located near the 1,053 mark. An update of the December minimum may lead to the continuation of the downtrend...

USD/CHF: there is a continuation of the uptrend 12/28/2016 On the USD/CHF daily chart, there is a consolidation of the uptrend. A breakout of the resistance at 1.0320 can lead to the continuation of the rally. "Crab" and AB = CD patterns are still valid; there are several targets in the upward...

USD/CAD: bulls are going launch the attack once again 12/28/2016 On the USD/CAD daily chart, quotes come closer to an important level of 1.3570. "Bulls" failed to test it at the first attempt in November. If they succeed this time, then we can talk about the restoration of the uptrend. There...

USD/JPY & Pending Home Sales for November: What about the triangle consolidation? 12/28/2016 Today at 15:00 GMT will be released the US Pending Home Sales for November and we can expect an increase to 0.6% from 0.1% according to the latest analysts’ surveys. The data had been showing a mixed...

USD/CHF reversed from support zone 12/27/2016 USD/CHF reversed from support zone Next buy target - 1.0340 USD/CHF continues to rise inside the b-wave of the minor ABC correction (ii) – which started earlier from the resistance level 1.0340. The active b-wave started when the pair reversed up...

EUR/CHF reached buy target 1.0750 12/27/2016 EUR/CHF reached buy target 1.0750 Next buy target - 1.0800 EUR/CHF continues to rise after the recent breakout of the resistance level 1.0750, which was set as the buy target in our earlier forecast for this currency pair. The breakout of the...

EUR/USD: wave [ii] on the way 12/27/2016 There’s wave [ii], which is taking place on the four-hours chart. The main intraday target is 2/8 MM Level, which could be a departure point for wave [iii]. In this case, we should keep an eye on -1/8 MM Level as a possible bearish goal. We’ve got a...

USD/JPY: "Doji" pushing price higher 12/27/2016 There’s a “Tweezers”, which has been confirmed enough. So, the market is likely going to continue moving up towards the nearest resistance. As we can see on the Daily chart, here’s a possible “Engulfing” pattern. If it confirms, bulls will...

EUR/USD: bearish "Engulfing" 12/27/2016 The price has been consolidating since the last “Shooting Star” formed. Therefore, the market is likely going to test the nearest support in the short term. If we see a pullback from this level, there’ll be an opportunity to have another bullish...

Banks' projections for 2017 12/27/2016 Morgan Stanley Buy USD/JPY – low yields on the JGB leads to the capital outflows from japan and sparks the growth of inflation expectations. Sell EUR/GBP – the news flows from the UK is positive; GBP is underappreciated. Sell AUD/CAD – the US...

GBP/USD: bears going to deliver a new low 12/27/2016 The price is consolidating above a support at 1.2227, so bears are likely going to test this level in the short term. If we have a pullback from this level, there’ll be an opportunity to see an upward correction in the direction of the...

EUR/USD: correction going to move on 12/27/2016 The price is still consolidating, so the market is likely going to get a support at 1.0419 – 1.0373. If we see a pullback from this area, there’ll be an opportunity to have an upward movement in the direction of the nearest resistance at 1.0461...

USD/JPY: on the Cloud’s support 12/27/2016 Technical levels: support – 117.15; resistance – 117.60, 118.70. Trade recommendations: 1. Buy — 117.20; SL — 117.00; TP1 — 118.70; TP2 — 119.20. Reason: bullish Ichimoku Cloud, rising Senkou Span B; a correctional dead cross of Tenkan-sen and...

GBP/USD: consolidation in Tenkan-Kijun’s channel 12/27/2016 Technical levels: support – 1.2260, 1.2230; resistance – 1.2310. Trade recommendations: 1. Sell — 1.2310; SL — 1.2330; TP1 — 1.2260; TP2 — 1.2230. Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of...

EUR/USD: Euro entered into the Cloud 12/27/2016 Technical levels: support – 1.0380, 1.0425; resistance – 1.0460, 1.0515. Trade recommendations: 1. Sell — 1.0420; SL — 1.0440; TP1 — 1.0340; TP2 – 1.0310. Reason: bearish Ichimoku Cloud, but the lines of the Ichimoku Indicator are horizontal; a...

Morning brief for December 27 12/27/2017 Financial markets are still sleeping with Christmas carols. Trading should be thin this week as the market participants are closing out 2016 volatile year. EUR/USD slid down to 1.0430 in the early hours of the Asian session as 10-year US Treasury...

Brent: the Gartley pattern will show the 12/27/2016 On the daily chart of the Brent crude oil futures, quotes move within the upward trading channel.The bulls remain control over the pair. To change the trend an expanding wedge pattern should be realized - to send prices lower towards $42.7...

USD/JPY: bulls play cat-and-mouse 12/27/2016 On the USD/JPY daily chart, there is a consolidation in the range of 116,6-118,4 - within the medium-term uptrend. An update of the December peak will create prerequisites for the continuation of the rally towards 120.85. The nearest support levels...

AUD/CAD: nobody wanted to surrender 12/27/2016 On the AUD/CAD daily chart, there is a desperate battle for the important level located at 0.973 (61.8% Fibonacci level from the last upward wave). If "bears" win, the update of the December minimum can send quotes lower towards 0.941. There is...