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EUR/USD broke long-term support level 1.0500 12/16/2016 EUR/USD broke long-term support level 1.0500 Next sell target - 1.0370 EUR/USD today broke through the powerful support zone surrounding the major long-term support level 1.0500. This support zone was strengthened by the lower support...

GBP/USD falling inside minor (c)-wave 12/16/2016 GBP/USD falling inside minor (c)-wave Next sell target – 1.2350 GBP/USD continues to fall inside the minor (c)-wave which started earlier from the resistance zone lying between the pivotal resistance level 1.2720 (which also stopped the previous...

USD/JPY: bulls reached the "Window" 12/16/2016 The price is still rising, so we don’t have any reversal pattern so far. However, the market reached the upper “Window”, so there’s an opportunity to have a bearish pattern. If so, the pair is likely going to form a local downward correction...

EUR/USD: bears free to push the market even lower 12/16/2016 We’ve got a “Hammer”, but his pattern hasn’t been confirmed yet. Therefore, the market is likely going to decline in the short term. As we can see on the Daily chart, there’s a bearish “Engulfing”, which hasn’t been confirmed, so...

Banks' overview of the Fed's rate decision] 12/16/2016 The Federal Reserve finally awakened from its sound sleep and did raise its interest rates for the first time in 2016. The board hiked the target range by 25bp to 0.50%-0.75% from 0.25%-0.50% previously. Summary of economic projections...

Key option levels for Thursday, December 15th 12/16/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 24 684 ? + 135 224 ? Closest resistance levels 1.0614; 1.0660; 1.0698; 1.0725 Closest support levels 1.0455...

EUR/USD: bearish wave (i) arrived 12/15/2016 Wave [iii] has started, so we’ve got a new low here. Previously, wave 2 ended in a form of a flat. So, wave [iii] of 3 is likely going to be continued in the short term. The main intraday target is 0/8 MM Level. As we can see on the M30 chart...

GBP/USD: Moving Average acted as a support 12/15/2016 There’s an upward “Wedge”, which was broken yesterday. The 89 Moving Average acted as a support. Therefore, the pair is likely going to rise in the short term, so we should keep an eye on the nearest resistance at 1.2584 – 1.2619 as a...

EUR/USD: "Rectangle" helped bears 12/15/2016 There’s a “Triple Top”, so the market has plunged. Finally, bears faced a support at 1.0461, so we’ve got a local “Thorn”. In this case, the price is likely going to test a resistance at 1.0552 – 1.0594. If we see a pullback from this area, bears...

Morning brief for December 15 12/15/2016 The US dollar roared higher after the Fed raised rate for the first time in year. It jumped on the headline and then continued its rally as Yellen endorsed the dot path (three hikes in the upcoming year). Two-year US bonds yields rose more than 10 basis...

NZD/USD: Kiwi faced with wedge 12/15/2016 On the NZD/USD daily chart, a short position opened at 0.7187 is still relevant. "Bears" launched a counterattack and revived hope for the implementation of the "Head and shoulders" pattern. The further movement of Kiwi will depend on the test of the...

USD/CAD: bulls meet market's expectations 12/15/2016 On the USD/CAD daily chart, prices rebounded from the lower boundary of the upward trading channel and activated the pending order (BUY 1,308). This allowed us to open a long position and take some profits (TP1 1,3275). If the "bulls" manage...

AUD/USD: aussie going down to negative zone 12/15/2016 Technical levels: support – 0.7380, 0.7360; resistance – 0.7445. Trade recommendations: 1. Sell — 0.7445; SL — 0.7465; TP1 — 0.7360; TP2 — 0.7340. Reason: bullish Ichimoku Cloud with falling Senkou Span A and B; a cancelled golden cross...

GBP/USD: pound have lost the positions 12/15/2016 Technical levels: support – 1.2540, 1.2500; resistance – 1.2570. Trade recommendations: 1. Sell — 1.2570; SL — 1.2590; TP1 — 1.2500; TP2 — 1.2440. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of...

USD/JPY after Fed's rate hike by 25 bps: Heading towards 119.00? 12/15/2016 During Wednesday’s session, the Federal Reserve announced the highly expected rate hike by 25 basis points and the central bank gave hints that three more hikes in 2017, which helped to strengthen the US dollar across...

EUR/USD reversed from support zone 12/14/2016 EUR/USD reversed from support zone Next buy target - 1.0700 EUR/USD continues to rise after the pair earlier reversed up from the support zone lying between the strong support level 1.0530 (which also previously reversed the pair sharply at the end...

USD/CHF reached buy target 1.0200 12/14/2016 USD/CHF reached buy target 1.0200 Next sell target – 1.0020 USD/CHF continues to fall strongly – after the price earlier reversed down from the major resistance level 1.0200 (which stopped the earlier minor impulse wave 3 and which was set as the buy...

USD/JPY: bears going to deliver new local low 12/14/2016 We’ve got an “Engulfing” pattern, which has been confirmed. Also, the 13 Moving Average is acting as a support. In this case, the market is likely going to test the nearest support, which could be a departure point for another bullish...

EUR/USD: bullish "Doji" 12/14/2016 There’s a bearish “Harami” on the 34 Moving Average. So, the market is likely going to decline towards the nearest support. If a pullback from this level happens, there’ll be an opportunity to have another upward price movement. As we can see on the Daily...

EUR/USD: zigzag in wave [ii] 12/14/2016 We’ve got a flat in wave 2, which led to form a bearish impulse in wave . Considering a possible ending of wave [ii], bears are likely going to deliver wave [iii] of 3 in the short term. If -2/8 MM Level be broken, we’ll have a new levels indication...