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GBP/USD: pound has found an equilibrium point 12/19/2016 On the GBP/USD daily chart, "bears" managed to drag quotes below the lower border of the upward trading channel and below the 1.2512 level. Earlier this level served as support. Now it is a key resistance line. A new support can be found...

AUD/USD: Aussie fulfilled targets 12/19/2016 On the AUD/USD daily chart, a breakout of the lower boundary of the short-term upwards trading channel near the 0.745 level was the signal of the end of the correction and restoration of the "bearish" trend. The 0.706 mark can be its target. There is...

EUR/USD & German Ifo Business Climate: More downside ahead? 12/19/2016 Today at 09:00 GMT will be released the German IFO business climate and we can expect very little changes in terms of latest’s data. During November, the numbers proven that companies weren’t affected in huge terms by the...

Key option levels for Monday, December 19th 12/18/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 87 855 ? + 104 912 ? Closest resistance levels 1.0493; 1.0543; 1.0562; 1.0586 Closest support levels 1.0421...

USD/CAD broke resistance levels 1.3270 and 1.3350 12/16/2016 USD/CAD broke resistance levels 1.3270 and 1.3350 Next buy target - 1.3500 USD/CAD continues to rise inside the sharp upward impulse wave (3) – which started earlier from the support zone lying between the powerful support level...

AUD/USD falling inside minor impulse wave 3 12/16/2016 AUD/USD falling inside minor impulse wave 3 Next sell targets – 0.7300 and 0.7260 AUD/USD has been falling sharply in the last few trading sessions inside the minor impulse wave 3, which started earlier – when the pair reversed down from...

USD/JPY: outlook for Dec. 19-23 12/16/2016 USD/JPY kept skyrocketing: the pair reached 118.65 on the general US dollar’s rally after the long-awaited meeting of the Federal Reserve. Next week the market’s attention will turn from the United States to Japan. The Bank of Japan will meet on...

USD/JPY: bearish patterns point to correction 12/16/2016 We’ve got a bearish “Shooting Star”, but this pattern hasn’t been confirmed yet. Therefore, the price is likely going to decline towards the nearest support, which could reverse the price movement into the upward direction. As we can...

EUR/USD: outlook for Dec. 19-23 12/16/2016 EUR/USD fell victim to the renewed negative pressure. The pair tested levels below 1.0400. The decline was triggered by the overall strengthening of the US dollar after the Federal Reserve signaled it expected 3 rate hikes in 2017. Such policy of the...

US dollar: outlook for Dec. 19-23 12/16/2016 In line with expectations, the US Federal Reserve raised its benchmark rate by 25 basis points to 0.50-0.75% range. According to the central bank’s new economic projections, it will raise rates 3 times in 2017. Fed funds futures now show investors...

EUR/USD: "Piercing Line" led to correction 12/16/2016 There’s an upward correction, which is taking place on the four-hours chart. The main intraday target is the middle of the last huge black candle. If a pullback from this level happens, bears are likely going to deliver a local low. As we...

EUR/USD: wave [iii] going to be continued 12/16/2016 There’s a flat in wave 2, which led to form a bearish impulse in wave . Therefore, wave [iii] is likely going to be continued. The main intraday target is -1/8 MM Level, which could be a departure point for a bullish correction. We’ve...

AUD/USD: outlook for Dec. 19-23 12/16/2016 AUD/USD dropped in the course of the past week as the Fed raised its interest rate and projected three hikes in 2017. Australian labor market data released on Thursday was mixed. Job figures were ahead of the market’s expectations, at the same time...

GBP/USD: outlook for Dec. 19-23 12/16/2016 GBP/USD slumped to 1.2370 on the broad strengthening of the US dollar. The Fed raised its interest for the first time this year. In contrast, the Bank of England kept its benchmark unchanged and suggested that it could ease or tighten its monetary...

GBP/USD: "V-Bottom" stopped bears 12/16/2016 Bears faced a support at 1.2384, so we’ve got a local upward price movement. In this case, the market is likely going to test the closest resistance at 1.2476 – 1.2498. If we have a pullback from this area, there’ll be a chance to see a decline in...

EUR/USD: "Thorn" set up bullish correction 12/16/2016 The price faced a support at 1.0340, so we’ve got a “Thorn” pattern, which led to the current upward correction. So, the market is likely going to reach the nearest resistance at 1.0506 – 1.0552 in the short term. If a pullback from this...

Morning brief for December 16 12/16/2016 EUR/USD edged up to 1.0425 in the early hours of the Asian session after hitting 1.0366 overnight. USD was flexing its muscles after the Fed raised the interest rate and projected triple hike in 2017. The conclusion of the EU summit was treated lightly...

USD/CHF: bulls move higher 12/16/2016 On the USD/CHF daily chart, prices continue their rally. A rollback towards 1.012 allowed opening long positions. Crab pattern is still relevant. There are intermediate targets near the 1.037, 1.049 и 1.077 marks. Steadiness of the uptrend doesn't raise...

Gold price moves lower 12/16/2016 On the daily chart of gold, a breakout of the lower boundary of the trading channel allows traders to open short positions. Prices move in the direction of 161.8% target in the Butterfly pattern. It corresponds to the $1,090 mark. The outlook for the gold is...

Some forecasts ahead of the BOE meeting 12/15/2016 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...