Search results

EUR/USD: bears have won 12/13/2016 Technical levels: support – 1.0590; resistance – 1.0695. Trade recommendations: 1. Sell — 1.0690; SL — 1.0710; TP1 — 1.0590; TP2 – 1.0560. Reason: bearish narrow Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; all lines of Ichimoku Indicator are...

Morning brief for December 13 12/13/2016 EUR/USD retraced from the yesterday’s high of 1.0650 to 1.0630 and hung up there waiting for the Fed’s rate review. Today’s focus will be on German ZEW economic sentiment which is going to be upbeat according to the consensus forecast. The release will...

AUD/USD: Aussie came closer to the Rubicon 12/13/2016 On the AUD/USD daily chart, the bulls and bears continue to fight for the 0.749 level. If the "bulls" manage to hold prices above this level and test the resistance line at 0.76, the rally will continue in the direction of the lower border...

USD/JPY: yen made a break 12/13/2016 On the USD/JPY daily chart, "bulls" failed to go beyond the upward trading channel. To restore the uptrend buyers need to update the December peak near the 116 level. If they succeed, target 161.8% in the "Crab" inverted pattern will be fulfilled...

GBP/USD: bulls going to test nearest resistance 12/13/2016 The pair found a support at 1.2556, which was strengthened by the uptrend. So, we’ve got a “Triple Bottom”, which led to the current consolidation. In this case, the market is likely going to test a resistance at 1.2770 – 1.2795. If...

EUR/USD: "Double Bottom" led to upward correction 12/13/2016 The price faced a support at 1.0552, so we’ve got a “V-Bottom” pattern, which led to an achievement of the 34 Moving Average. Therefore, the market is likely going to get a resistance at 1.0708 – 1.0745 in the short term. If a...

GBP/USD & UK CPI for November: A merry christmas for the Pound? 12/13/2016 Today at 09:30 GMT will be released the UK CPI (Inflation Rate) for November, following a gain of 0.9% in October, which was a slightly-than-expected data from the 1% posted in September. Market’s analysts are expecting...

USD/JPY rising inside sharp (C)-wave 12/12/2016 USD/JPY rising inside sharp (C)-wave Next buy target - 118.00 USD/JPY continues to rise after the pair recently broke through the resistance zone surrounding the strong resistance level 114.00 (which earlier reversed the price multiple times in...

AUD/JPY reached buy target 86.00 12/12/2016 AUD/JPY reached buy target 86.00 Next buy target – 87.70 AUD/JPY today broke sharply above the pivotal resistance level 86.00 (which reversed the earlier minor correction 2 at the end of April and which was set as the buy target in our previous...

USD/JPY: bearish "Harami" 12/12/2016 The last “Three Methods” pattern led to an upward price movement. Considering that bulls faced a resistance level, the market is likely going to form a local bearish correction. As we can see on the Daily chart, the middle of huge white candle acted as a...

EUR/USD: bulls going to test the "Window" 12/12/2016 There’s a “Harami” pattern, so the market is likely going test the 55 Moving Average and the nearest “Window”. As we can see on the Daily chart, we’ve got a pullback from the closest support. Also, there’s a possible “Piercing Line”, so if...

Forecasts for EUR/USD from banks 12/12/2016 The ECB’s recent monetary policy decision is reinforcing the risk of the euro slumping to the parity against the US dollar. The ECB President Mario Draghi said on Thursday that the bank is going to extend its asset purchasing program beyond March...

GBP/USD: bears going to break trend 12/12/2016 The price faced a support at 1.2556, which was strengthened by the local uptrend. Therefore, bears are likely going to achieve the 89 Moving Average in the short term. If a pullback from this line happens, there’ll be a chance to have a bullish...

Morning brief for December 12, 2016 12/12/2016 USD/CAD opened with a gap this morning. The currency pair slumped to 1.3120 as OPEC and non-OPEC members managed to strike a deal on oil production cut and pushed the oil prices to their 1.5-year high. We still expect some rebounds from the pair’s...

EUR/USD: "Pennant" led to decline 12/12/2016 Bears faced a support at 1.0552, so the price is consolidating. Therefore, the market is likely going to decline towards the next support at 1.0506 – 1.0461. If a pullback from this area happens, there’ll be an opportunity to have an upward...

USD/CHF: bulls are gaining strength 12/12/2016 On the USD/CHF daily chart, there is a restoration of the uptrend. The rally may be extended to 1.037, 1.049 and 1.077 (target 161.8% in the "Crab" pattern). Update of the December high will be the signal of a new attack of "bulls". On the...

GBP/USD: bears are testing the neckline 12/12/2016 On the GBP/USD daily chart, prices are moving within the upward trading channel. If the "bears" manage to test the support near its lower boundary (1.2515), the prices may continue to fall towards 1.24. In contrast, the rebound from the support...

USD/JPY & October's Tertiary Industry Activity: A short-term top for buyers ahead of Fed meeting? 12/12/2016 Today at 04:30 GMT will be published the Tertiary Industry Activity in Japan, which is expected to see a positive number for October, following a 0.1% decline in September. Analysts are...

Key option levels for Monday, December 12th 12/11/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 14 ? + 117 254 ? Closest resistance levels 1.0614(18?); 1.0666; 1.0706; 1.0733 Closest support levels 1.0542...

EUR/USD falling inside minor impulse wave (v) 12/9/2016 EUR/USD falling inside minor impulse wave (v) Next sell target - 1.0515 EUR/USD continues to fall inside the minor impulse wave (v) – which started earlier - when the pair reversed down from the resistance zone lying between the powerful...