Search results

EUR/JPY: bulls are launching the attack 12/27/2016 On the EUR/JPY daily chart, quotes are moving within the upward trading channel. The "bulls" remain their control over the pair heading into the convergence zone. There is 113% target in the "Butterfly" pattern. A successful test of the...

EUR/USD ahead of CB Consumer Confidence (December): nothing major is expected 12/27/2016 After Christmas holidays, we’ll have today at 15:00 GMT the CB Consumer Confidence’s data for December, which is expected to see an increase to 108.5 from 107.1 (November). If we notice a good number that...

AUD/NZD reversed from resistance zone 12/26/2016 AUD/NZD reversed from resistance zone Next sell target - 1.0375 AUD/NZD continues to fall after the recent downward reversal from the resistance zone lying between the resistance level 1.0500 and the 38.2% Fibonacci correction of the previous...

CAD/CHF falling inside minor (c)-wave 12/26/2016 CAD/CHF falling inside minor (c)-wave Next sell target - 0.7500 CAD/CHF has been falling sharply in the last few trading sessions inside the (c)-wave of the minor ABC correction 2, which started earlier from the resistance zone surrounding the...

USD/JPY: correction on the way 12/26/2016 The last “Engulfing” pattern is still on the table, so the market is likely going to test the 34 Moving Average, which could be a departure point for another bullish rally. As we can see on the Daily chart, there’re a “High Wave” and a “Harami” at the...

EUR/USD: bears relaxing in a flat 12/26/2016 We’ve got a “Shooting Star”, but a confirmation of this pattern is a quite weak. So, the nearest “Three Methods” is likely going to act as a support. As we can see on the Daily chart, here’s a “High Wave”, so bulls will probably try to move on...

EUR/USD: wave [ii] going to end on 2/8 MM Level 12/26/2016 The last pullback from 1/8 MM Level led to an upward correction, so we have wave [ii], which is taking place on the four-hours chart. Previously a bearish impulse in wave has been formed. The main intraday target is 2/8 MM Level...

GBP/USD: support waiting for bears 12/26/2016 The price faced a support at 1.2270, so the price is consolidating. If we have any reversal pattern, the market is likely going to reach a support at 1.2227 – 1.2205. Considering a possible pullback from this area, there’s a chance to have an...

EUR/USD: bearish "Thorn" 12/26/2016 We’ve got a “Double Bottom”, which has been confirmed, so the price is consolidating. Considering the main downtrend, the market is likely going to test a support at 1.0419. If a pullback from this level happens, there’ll be an opportunity to have a bullish...

Morning brief report for December 26 12/26/2016 Markets are still half asleep as their participants celebrate Christmas. EUR/USD is trading near the level of 1.0460. The euro managed to regain some of its losses on Friday mainly due to the weakening of the US dollar. USD slipped some points...

EUR/GBP: bulls launched a counterattack 12/26/2016 On the EUR/GBP daily chart, the "bears" failed to update the December minimum. "Bulls" launched a counterattack. If they manage to test the resistance at 0.8565, an activation of the "Bat" pattern will increase the risks of the continuation of...

GBP/USD: pound is led by the patterns 12/26/2016 On the GBP/USD daily chart, after quotes went beyond the descending trading channel the "bears" regained control over the market. The "Crab" pattern with its 113% and 127.2% intermediate targets is relevant at the present moment. We may expect...

Key option levels for Monday, December 26th 12/25/2016 * Data about changes in the open interest will be available on Monday after 12:00 CT (Central Time) EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 13 411 ↑ + 43 770...

USD/CAD reached buy target 1.3500 12/23/2016 USD/CAD reached buy target 1.3500 Next buy target - 1.3590 USD/CAD continues to rise after the price earlier broke through the resistance level 1.3500, which was set as the buy target in our previous forecast for this currency pair. The breakout of...

EUR/AUD reached buy target 1.4470 12/23/2016 EUR/AUD reached buy target 1.4470 Next buy target - 1.4700 EUR/AUD continues to rise strongly – following the earlier breakout of the strong resistance level 1.4470 (which was set as the buy target in our previous forecast for this currency pair)...

EUR/USD: wave [ii] going to be continued 12/23/2016 The price has been rising since a pullback from 1/8 MM Level happens, so there’s an opportunity to have wave [ii] in the short term. If a pullback from 2/8 MM Level be on the table, bears are likely going to deliver wave [iii]. As we can...

GBP/USD: outlook for December 26-30 12/23/2016 GBP/USD dropped to 1.2245 level in the course of past week. The UK data set released on Friday did little to support the pound. The uncertainty over the Brexit process will continue pressuring the pound. The Supreme Court is expected to make a...

USD/JPY: bears going to test the nearest support 12/23/2016 There’s an “Engulfing”, which has been confirmed enough, so the market is likely going to get a support on the 21 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have an upward movement towards the...

EUR/USD: consolidation going to move on 12/23/2016 There’s a “Shooting Star”, but this pattern hasn’t been confirmed yet. So, the price is likely going to decline in the short term. However, bulls will probably try to test the last high afterwards. As we can see on the Daily chart, a “High...

USD/JPY outlook for December 26 - 30 12/23/2016 USD/JPY has settled into a narrow range of 116.50 – 118.20 in the course of the past week. The Bank of Japan left its loosening monetary policy unchanged on Tuesday. The Fed raised its benchmark at its December meeting and projected a triple hike...