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CAD/JPY reached buy target 86.00 12/9/2016 CAD/JPY reached buy target 86.00 Next buy target – 88.75 CAD/JPY continues to rise sharply – after the recent breakout of the key resistance level 86.00, which was set as the buy target in our previous forecast for this currency pair. The breakout of...

USD/JPY: bullish "Three Methods" 12/9/2016 We’ve got a bullish “Hammer”, which has been confirmed enough. Also, there’s a “Three Methods”, so the pair is likely going to reach the nearest resistance. As we can see on the Daily chart, there isn’t any reversal pattern so far, so bulls will...

EUR/USD: "Harami" led to decline 12/9/2016 We’ve got a “Tower” and an “Engulfing”, so the price reached the “Window”. In this case, the market is likely going to achieve the nearest support. As we can see on the Daily chart, there’re a “Harami” and a “Tower”, so the market is likely going to...

EUR/USD: outlook for December 12-16 12/9/2016 EUR/USD had an extremely volatile week driven by increased political uncertainty in Italy and the ECB meeting. The European Central Bank extended, but scaled back its monetary stimulus. The regulator extended its quantitative easing program by 9...

USD/JPY: outlook for December 12-16 12/9/2016 USD/JPY rose to 100-week MA at 114.70, but stalled at this resistance. The US dollar is in a bullish trend versus the Japanese yen, THOUGH its advance has slowed down after the rapid rally we saw in November. The pair is not sensitive to news from...

US dollar: outlook for December 12-16 12/9/2016 US dollar index consolidated in the past week, though in a volatile fashion. The greenback tested 99.50 before recovering to the 101.00 area. The long-awaited Federal Reserve’s monetary policy decision will finally take place on Wednesday. The...

NZD/USD: outlook for 12-16 December, 2016 12/9/2016 NZD/USD dropped in the beginning of the past week after PM John Key unexpectedly announced his resignation and refusal to participate in the 2017 election. Then, kiwi pared its losses as we got upbeat milk auction price index and some good...

USD/CAD: outlook for 12-16 December, 2016 12/9/2016 USD/CAD dropped to 1.3350 in the course of the past week due to the news flow from Canada and surging oil prices. The Bank of Canada left policy unchanged at its meeting on Wednesday. Strong third-quarter GDP reading and positive signs in the...

GBP/USD: outlook for 12-16 December, 2016 12/9/2016 The British pound slumped to 1.2565 in the course of the past week as parliamentarians endorsed Theresa May’s plan to trigger Brexit talks by the end of March while securing the right to go through the whole negotiating plan first. The vote is...

GBP/USD: Moving Average acted as a support 12/9/2016 The 34 Moving Average acted as a support. Also, we’ve got a “V-Bottom” pattern, which has been confirmed. Therefore, bulls are likely going to test a resistance at 1.2672. Considering a possible pullback from this level, there’s an...

EUR/USD: local "V-Bottom" 12/9/2016 We’ve got a “Thorn” pattern, which led to yesterday’s massive decline. Also, the price found a lodgement under a support at 1.0594. So, the market is likely going to reach the 34 Moving Average. If a pullback from this line happens, there’ll be an...

Key option levels for Friday, December 9th 12/9/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 54 433 ? - 49 986 ? Closest resistance levels 1.0670; 1.0736/46; 1.0770 Closest support levels 1.0629/14; 1.0593...

AUD/USD: Senkou Span A supported the market 12/9/2016 Technical levels: support – 0.7430; resistance – 0.7480, 0.7540. Trade recommendations: 1. Buy — 0.7470; SL — 0.7450; TP1 — 0.7540; TP2 — 0.7580. Reason: narrow bearish Ichimoku Cloud and rising Senkou Span A; a golden cross of Tenkan-sen...

EUR/USD: trading in the Cloud may continue 12/9/2016 Technical levels: support – 1.0590; resistance – 1.0720. Trade recommendations: 1. Buy — 1.0620; SL — 1.0600; TP1 — 1.0720; TP2 – 1.0760. Reason: bullish mood of Ichimoku Cloud and rising Senkou Span A; a cancelled golden cross of...

Morning brief for December 9, 2016 12/9/2016 EUR/USD slumped to 1.0585 yesterday after ECB trimmed the size of its asset-purchasing program, but extended it for longer than it was expected. Draghi’s message was ambivalent – reducing bond buying while extending the current purchase program...

NZD/USD: bulls are struggling for the trend 12/9/2016 On the NZD/USD daily chart, "bulls" are trying to regain the initiative and to restore the uptrend. The 5-0 pattern is still relevant, however, so the rollbacks in the direction of 50% and 61.8% Fibo levels formed from the CD wave or return...

Gold is tired of moving in the range 12/9/2016 On the daily chart of gold, the "bears" remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...

USD/CAD reached sell targets 1.3350 and 1.3270 12/8/2016 USD/CAD reached sell targets 1.3350 and 1.3270 Next sell target - 1.3100 USD/CAD continues to fall after the recent breakout of the support zone lying between the support levels 1.3350 and 1.3270 (both of these support levels were set as...

NZD/JPY reached buy target 81.00 12/8/2016 NZD/JPY reached buy target 81.00 Next buy target – 83.30 NZD/JPY has been rising sharply in the last few trading sessions inside the minor impulse wave (v) – which recently broke through the resistance level 81.00 (which was set as the buy target in...

Day trading strategies 12/8/2016 Day traders are those who enter into and exit positions several times per day. Their biggest pet peeve Is holding trading positions overnight. They are more concerned with finishing the day without an open position than the actual result of the trade itself. Day...