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USD/CHF: franc fulfilled the target 12/22/2016 On the USD/CHF daily chart, "bulls" managed to fulfill the 1.0270 target on longs formed from the 1.0120 level. At the present moment, the pair is going through the period of consolidation. Update of the December peak can lead to the continuation...

Gold got into the clutches of bears 12/22/2016 On the daily chart of gold, quotes came closer to the support at $1,116 (78.6% Fibonacci level of the last upward wave). A successful test of this level followed by the breach of $1,080 mark (88.6%) can lead to the restoration of the long-term...

Morning brief for December 22 12/22/2016 “It’s beginning to look a lot like Christmas”, everywhere we go. That’s what can be said about financial markets these days. Take a look at the Volatility index, it slumped to 10.90 overnight. Most currencies little changed from yesterday. EUR/USD...

EUR/USD & USD GDP Q3 2017: A sideways range in place 12/22/2016 Today at 13:30 GMT will be released the third quarter’s GDP reading in the United States, which is expected to see an increase to 3.3% from 3.2% for Q3. The data comes in with a better-than-expected reading on last quarter, as...

EUR/USD: bears started wave [ii] 12/21/2016 We’ve got a bearish impulse in wave , so bulls are likely going to deliver wave [ii] in the short term. The main intraday target is 2/8 MM Level. If a pullback from this level happens, there’ll be an opportunity to have another downward impulse...

CAD/JPY reversed from resistance zone 12/21/2016 CAD/JPY reversed from resistance zone Next sell target - 86.00 CAD/JPY continues to decline following the earlier downward reversal from the resistance zone lying at the intersection of the powerful, long-term resistance level 88.75 (which was...

AUD/JPY reached buy target 87.70 12/21/2016 AUD/JPY reached buy target 87.70 Next sell target – 84.60 AUD/JPY has been falling in the last few trading sessions inside the minor corrective wave (ii) – which started earlier this month – when the pair reversed down from the resistance zone lying...

USD/JPY: Moving Average going to act as a support 12/21/2016 There’s a “Shooting Star”, which has been confirmed enough. So, the price is likely going to test the 21 Moving Average in the short term. As we can see on the Daily chart, there isn’t any reversal pattern so far, but we’ve got a...

EUR/USD: bearish "Tweezers" 12/21/2016 We’ve got an “Engulfing”, but a confirmation of this pattern is a quite weak. Anyway, bulls are likely going to test the 13 Moving Average in the short term. If we see a pullback from this line, there’ll be an opportunity to have another decline. As we...

Key option levels for Wednesday, December 21th 12/21/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 37 146 ? - 51 577 ? Closest resistance levels 1.0448; 1.0498; 1.0519; 1.0545/60 Closest support levels 1.0391...

USD: long-term projections from banks 12/21/2016 BNP Paribas => questions USD growth in the upcoming future BNPP strategists call on traders to be watchful as central banks don’t always act in line with their projections (flashback: the Fed projected triple hike in 2017 at its last meeting)...

GBP/USD: bulls going to test Moving Averages 12/21/2016 Bears faced a support at 1.2309, which led to form a “V-Bottom” pattern, so an upward correction was started. In this case, the market is likely going to test a resistance at 1.2418 – 1.2451 in the short term. Considering the previously...

Morning brief for December 21 12/21/2016 EUR/USD edged up to 1.0410 from yesterday’s low of 1.0350. But it happened due to the retreat in the dollar and not Eurozone macroeconomic releases/data flows that could support the euro. So, we see more downside going forward. Politics and terrorism...

EUR/USD: "V-Bottom" launched bullish correction 12/21/2016 The price is still consolidating under a resistance at 1.0461. Also, there’s a “V-Bottom” pattern, so the market is likely going to test an area between the levels 1.0461 – 1.0506 in the short term. If a pullback from these levels...

GBP/USD: correction to Tenkan-sen 12/21/2016 Technical levels: support – 1.2360; resistance – 1.2390. Trade recommendations: 1. Sell — 1.2390; SL — 1.2410; TP1 — 1.2320; TP2 — 1.2300. Reason: bearish character of Ichimoku Cloud, falling Senkou Span A; a dead cross of falling Tenkan-sen and...

EUR/USD: downtrend may continue 12/21/2016 Technical levels: support – 1.0380; resistance – 1.0415, 1.0450. Trade recommendations: 1. Sell — 1.0400; SL — 1.0420; TP1 — 1.0300; TP2 – 1.0260. Reason: bearish Ichimoku Cloud and falling Senkou Span A; a dead cross of falling Tenkan-sen and...

USD/CAD: Loonie fulfilled the target 12/21/2016 On the USD/CAD daily chart, target at 1.3395 has been fulfilled. If the "bulls" manage to update the December peak, the rally towards the upper boundary of the upward trading channel will continue. If prices drop below the support at 1.3306, it...

EUR/USD: bulls are going to recoup their losses 12/21/2016 On the EUR/USD daily chart, the bears failed to test the support at 1.0387 (113% Fibonacci level formed from XA wave of the "Crab" pattern). If it is tested, the prices move lower towards 1.023, 1.0115 and 0.985 levels. In contrast, if...

NZD/USD & NZ GDP Q3 2017: a bottom before the new year eve? 12/21/2016 Today at 21:45 GMT will be released the New Zealand GDP for the third quarter and current consensus call for an unchanged number of 0.9%, while by another hand, it can see a very slightly increase to 3.7% from 3.6% in a...

NZD/USD broke pivotal support level 0.6990 12/20/206 NZD/USD broke pivotal support level 0.6990 Next sell target - 0.6850 NZD/USD continues to fall inside the minor impulse wave 3, which earlier broke through the pivotal support level 0.6990, which has been steadily reversing this currency pair...