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AUD/USD reached sell targets 0.7300 and 0.7260 12/20/2016 AUD/USD reached sell targets 0.7300 and 0.7260 Next sell target – 0.7150 AUD/USD continues to fall after the earlier breakout of the support zone lying between support levels 0.7300 and 0.7260 – both of which were set as the sell targets...

USD/JPY: bearish "Harami" 12/20/2016 We’ve got a bullish “Harami”, which has been confirmed, so the price is likely going to test the nearest resistance once again. If we see any bearish patter on the upper “Window”, there’ll be an opportunity to have a bearish correction. As we can see on...

EUR/USD: "Tweezers" points to local correction 12/20/2016 We’ve got a “Tower” and a “Tweezers”, which both have been confirmed enough, so the market is likely continue falling down in the short term. As we can see on the Daily chart, there isn’t any reversal pattern so far. In this case...

EUR/USD: bears going to deliver wave iii of (iii) 12/20/2016 The price has been declining since wave 2 ended like a flat pattern. Therefore, wave [iii] of 3 is likely going to be continued in the short term. The main intraday target is -1/8 MM Level, which could be a departure point for an...

Key option levels for Tuesday, December 20th 12/20/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 4 531 252 ? - 3 298 917 ? Closest resistance levels 1.0462; 1.0511; 1.0532; 1.0589 Closest support levels...

GBP/USD: "Triple Top" led to decline 12/20/2016 The price is consolidating between a resistance at 1.2498 and a support at 1.2309. Considering the previously formed “Wedge” pattern, the market is likely going to decline towards a support at 1.2358 – 1.2309 in the short term. Meanwhile, if a...

EUR/USD: bearish "Flag" pushing market lower 2/20/2016 The price is consolidating under a resistance at 1.0461. Also, there’s a “Flag” pattern, so the market is likely going to decline towards a support at 1.0340 – 1.0300. If a pullback from this area happens, there’ll be an opportunity to...

Morning brief for December 20 12/20/2016 USD/JPY almost hit 117.60 as the BOJ left its loosening policy unchanged. The bank maintained its short-term interest rate target at -0.1%, its 10-year JGB target at around 0% and committed itself to continue buying JGBs at the annual pace of 80tln yen...

USD/JPY: yen fulfilled targets 12/20/2016 On the USD/JPY daily chart, prices reached 118.4-118.9 convergence zone (78.6% Fibonacci retracement level formed from the last downward wave + 161.8% target in the "Crab" pattern). This allowed traders to close long positions formed from 114.75 and...

EUR/GBP: rivals are preparing for Christmas 12/20/2016 On the EUR/GBP daily chart, there is a consolidation in a range of 0.8345-0.8445. A breakout of its lower boundary can lead to the restoration of the downtrend towards the 161.8% target in the "Crab" pattern (0.763). In contrast, a...

USD/JPY ahead of BoJ meeting (December): A corrective move could start soon? 12/20/2016 Today will be released the BoJ’s interest rate decision and no major surprises are expected from the central bank, as they keep untouched the monetary policy during November’s meeting. Currently, investors...

USD/JPY: "Inverted Hammer" pushing price higher 12/19/2016 The upward “Window” acted as a resistance, so we’ve got a “Shooting Star”, which has been confirmed enough. At the same time, we’ve got a “Harami” on the nearest Moving Average line. Therefore, the market is likely going to test the...

EUR/AUD reversed from support zone 12/19/2016 EUR/AUD reversed from support zone Next buy target - 1.4470 EUR/AUD continues to rise after the recent sharp upward reversal from the support zone lying between the powerful support level 1.4130 (which reversed the price multiple times from October...

NZD/JPY reversed from resistance area 12/19/2016 NZD/JPY reversed from resistance area Next sell targets –81.00 and 80.00 NZD/JPY continues to fall – after the pair earlier reversed down from the resistance area lying between the major resistance level 83.30 (which stopped the previous waves 4...

EUR/USD: bearish "Engulfing" 12/19/2016 There’s a bullish “Hammer”, which has been confirmed, so bulls are likely to continue pushing the market higher during the current correction. The main intraday target is the 21 Moving Average. As we can see on the Daily chart, we’ve got a “Thrusting...

EUR/USD: wave (iii) is about to start 12/19/2016 The price has been declining since a pullback from 5/8 MM Level happens. Therefore, wave [iii] of 3 is likely going to be continued. In this case we should keep an eye on -1/8 MM Level as a possible intraday target. There’s a double zigzag...

GBP/USD: correction to Senkou Span B 12/19/2016 Technical levels: support – 1.2430; resistance – 1.2535. Trade recommendations: 1. Sell — 1.2535; SL — 1.2555; TP1 — 1.2430; TP2 — 1.2400. Reason: an Ichimoku Cloud changed its mood to bearish; falling Senkou Span A; a dead cross of Tenkan-sen...

EUR/USD: trading in Tenkan-Kijun’s channel 12/19/2016 Technical levels: support – 1.0440; resistance – 1.0515. Trade recommendations: 1. Sell — 1.0515; SL — 1.0535; TP1 — 1.0440; TP2 – 1.0400. Reason: bearish narrow Ichimoku Cloud and falling Senkou Span A; a dead cross of Tenkan-sen and...

GBP/USD: local bullish "Flag" 12/19/2016 The pair found a resistance at 1.2498, so the price is consolidating. Considering the previously formed “Upward Wedge”, the market is likely going to rise towards a support at 1.2384 – 1.2358. If a pullback from this level happens, there’ll be a chance...

EUR/USD: bears going to deliver new low 12/19/2016 Bulls faced a resistance at 1.0461, so the price is consolidating. In this case, the market is likely going to decline towards the nearest support at 1.0340 – 1.0300. If a pullback from this level happens, there’ll be an opportunity to see...