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GBP/USD: pound is still unsure 11/25/2016 Technical levels: support – 1.2425, 1.2370; resistance – 1.2480/90. Trade recommendations: 1. Buy — 1.2460; SL — 1.2440; TP1 — 1.2520; TP2 — 1.2610. 2. Sell — 1.2420; SL — 1.2440; TP1 — 1.2310; TP2 — 1.2230. Reason: narrow bullish Ichimoku Cloud; a...

EUR/USD: correction may continue to the Clouds 11/255/2016 Technical levels: support – 1.0560; resistance – 1.0630. Trade recommendations: 1. Sell — 1.0630; SL — 1.0650; TP1 — 1.0570; TP2 – 1.0510. Reason: bearish mood of Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but the...

USD/JPY: crab leads bulls to the north 11/25/2016 On the USD/JPY daily chart, "bulls" managed to test the resistance line located at 111.35 and pushed the quotes towards 61.8% Fibonacci retracement level formed from the last downward wave. The prices continue to rise towards the target 161.8%...

Gold loses the firm ground 11/25/2016 On the daily chart of gold, quotes reached 61.8% Fibonacci retracement level formed from the last long-term upward wave. A breakout of the support located at $1172 can open the way towards $1150. There is target 127.2% in the "Perfect butterfly" pattern...

Morning brief for November 25, 2016 11/25/2016 USD/JPY climbed above 113.90 overnight on rising 10-year US bond yields. Japanese inflation data came slightly higher than it was expected and ahead of the figure of the last month, but it is still very low to push BOJ to taper its accommodative...

EUR/USD is moving towards “parity” 11/24/2016 According to SocGen strategists, the euro may reach the parity with the US dollar in the first quarter of 2017, before rising back to 1.09 by the end of 2017. There are several factors that can contribute to the EUR downfall: There is a threat of...

Key option levels for Thursday, November 24th 11/24/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 20 938 ? + 122 194 ? Closest resistance levels 1.0576; 1.0612; 1.0645; 1.0666 Closest support levels...

AUD/USD: aussie supported by Kijun-sen 11/24/2016 Technical levels: support – 0.7360/70; resistance – 0.7400, 0.7440. Trade recommendations: 1. Sell — 0.7400; SL — 0.7420; TP1 — 0.7350; TP2 — 0.7320. Reason: bearish Ichimoku Cloud; all lines of Ichimoku Indicator are horizontal; correctional...

GBP/USD: ready to go 11/24/2016 Technical levels: support – 1.2405, 1.2370; resistance – 1.2490. Trade recommendations: 1. Buy — 1.2450; SL — 1.2430; TP1 — 1.2520; TP2 — 1.2610. 2. Sell — 1.2400; SL — 1.2420; TP1 — 1.2310; TP2 — 1.2230. Reason: narrowing bullish Ichimoku Cloud; a weak...

GBP/USD: resistance waiting for bulls 11/24/2016 The pair is trading in a flat range along the Moving Averages. In this case, the price is likely going to rise towards the nearest resistance at 1.2511 – 1.2556. Meanwhile, if bulls be stopped here, there’ll be an option to have another decline...

Morning brief for November 24,2016 11/24/2016 EUR/USD fell to 1.0520 overnight due to the US upbeat economic data, US bond yields hovering to their multi-year high. The market completely pricing in the Fed’s hike in December as traders’ expectations were totally justified after the release of...

EUR/USD: bears broke "Flag" 11/24/2016 The last “Flag” pattern has been broken, so the price reached a support at 1.0522. Therefore, the market is likely going to test the nearest resistance at 1.0568 – 1.0659. If we see a pullback from this area, there’ll be an opportunity to have another...

USD/CHF: franc is sliding down to the bottom 11/24/2016 On the USD/CHF daily chart, bulls managed to test the resistances at 1.009 and 1.017. Now they serve as supports. The rally towards 161.8% target in the "Crab" pattern continues. The "bulls" remain control over the market. In this...

USD/CAD: the US dollar regained its momentum 11/24/2106 On the USD/CAD daily chart, inability of "bulls" to test the resistance at 1.3272 (50% Fibonacci retracement level from the last downward wave) led to the correction. But "bears" failed to develop it, so, the initiative returned to their...

EUR/JPY & German IFO Business Climate: Dynamic resistance already found? 11/24/2016 Today at 09:00 GMT will be released German Ifo Business Climate, which should remain unchanged for November’s data at 110.5. Given to the current situation of Euro currency, this indicator should bring some...

EUR/USD: wave [iii] going to end 11/23/2016 The price is declining in wave [iii]. It’s likely that bears are going to test -2/8 Murrey Math Level shortly. If it be broken, there’ll be an opportunity to see a correction. However, if bears just smash -2/8 MM Level, we could see the market even...

Review on the book of Bill Williams 11/23/2016 “Trading chaos” is not just a book that describes one of the numerous ways of trading. It’s an exhaustive guidance for novice traders. Bill Williams compares his writing with the fundamental esoteric teaching because it contains not only actual...

USD/JPY: lot of bearish patterns 11/23/2016 We’ve got an “Engulfing” and a “High Wave”, which both led to continue the current local correction. Therefore, the market is likely going to test the nearest support once again. As we can see on the Daily chart, there’s a possible “High Wave”, but...

AUD/CAD reached sell target 0.9900 11/23/2016 AUD/CAD reached sell target 0.9900 Next buy target - 1.0100 AUD/CAD recently reversed up from the support zone lying between the support level 0.9900 (previous sell target set in our earlier forecast for this currency pair), lower daily Bollinger...

EUR/CAD reached sell target 1.4300 11/23/2016 EUR/CAD reached sell target 1.4300 Next buy target – 1.4420 EUR/CAD today reversed up from the support zone lying between the powerful, long-term support level 1.4300 (which stopped the previous waves 2, (ii) and 4 and which was set as the sell...