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What will happen with the euro after the ECB meeting? 12/6/2016 Morgan Stanley’s strategists believe that the ECB will keep rates on hold at this week’s meeting, but can expand its QE purchase program. But they consider different scenarios with various responses from the euro. Potential...

AUD/USD: on Tenkan’s support 12/6/2016 Technical levels: support – 0.7450; resistance – 0.7490. Trade recommendations: 1. Buy — 0.7450; SL — 0.7430; TP1 — 0.7490; TP2 — 0.7540. Reason: bearish Ichimoku Cloud, but the rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the...

EUR/USD: Euro retuned into the Cloud again 12/6/2016 Technical levels: support – 1.0690; resistance – 1.0790. Trade recommendations: 1. Buy — 1.0690; SL — 1.0670; TP1 — 1.0790; TP2 – 1.0840. Reason: bearish mood of Ichimoku Cloud and rising Senkou Span A; cancelled dead cross of Tenkan-sen...

EUR/GBP: bulls started counterattack 12/6/2016 On the EUR/GBP daily chart, there is a correction towards the "bearish" medium-term trend. The "Crab" pattern may determine the potential for the downward movement. Its targets are located at 0.8175 (113%), 0.8017 (127.2%) and 0.763 (161.8%)...

USD/CHF: bears is waiting for correction 12/6/2016 On the USD/CHF daily chart, after a short consolidation, there was a long-awaited correction towards the uptrend. The outlook for this currency pair is still bullish, so, the rollbacks can be used for the opening of long positions.We may wait...

Morning brief for December 6, 2016 12/6/2016 EUR/USD dropped to 1.0502 yesterday after the outcome of the Italian referendum had been announced. Then, the euro managed to stabilize and jumped above 1.0790 overnight as investors judged the selloff was overdone. There were some more news flows...

AUD/USD before RBA Interest Rate Decision: A bullish momentum is coming? 12/6/2016 Today at 03:30 GMT will be published the Australian (RBA) interest rate decision, where the markets are widely expecting an unchanged number at 1.5%. Central bank’s officials had been noting that current cash...

EUR/JPY reached buy targets 120.00 and 122.00 12/5/2016 EUR/JPY reached buy targets 120.00 and 122.00 Next buy target - 124.20 EUR/JPY continues to rise after the recent breakout of the resistance levels 120.00 and 122.00 (both of which were set as the buy targets in our previous forecast for...

AUD/JPY rising inside sharp (C)-wave 12/5/2016 AUD/JPY rising inside sharp (C)-wave Next buy target – 86.00 AUD/JPY has been rising sharply in the last few trading sessions inside the minor impulse wave 5. This impulse wave belongs to the sharp intermediate upward impulse (C), which is a part...

Is it right time for buying gold? 12/5/2016 Gold dropped to $1,162 overnight despite the growing threat of political instability in Europe (in the light of the recent outcome of Italian referendum). The yellow metal has been falling since Trump’s win on the expectations that the newly elected...

EUR/USD: flat in wave 2 12/5/2016 There’s a possible flat in wave 2, which is taking place on the four-hours chart. So, there’s an opportunity to have a bearish impulse in wave . If -2/8 MM Level turns out to be broken, we’re going to have another levels indication. We’ve got a bullish...

GBP/USD: outlook for December 5-9 12/5/2016 The UK will release some economic data this week, although the figures probably won’t have a big impact on the Bank of England’s monetary policy, which is not expected to change in the coming months. Political factors will be more important for the...

EUR/USD: outlook for December 5-9 12/5/2016 Last week EUR/USD managed to stay above the multiyear support in the 1.0500 area. This support is really strong and some big change in fundamental factors is needed to make the euro go lower. On Monday bears once again pulled EUR/USD to 20-month low...

US dollar: outlook for Decmber 5-9 12/5/2016 Last week the greenback failed to continue its advance. US dollar index opened with a gap higher around 101.45 but then declined below 101.00. American nonfarm payrolls showed gains of 178K, and the unemployment rate declined from 4.9% to 4.6%. The...

Scalping strategies 12/5/2016 These trading strategies are designed only for those who prefer entering market frequently and taking small profits each time. To put it bluntly, these are the scalping strategies which should be employed on the lowest time frames available on the Metatrader 4...

USD/JPY: bullish "Three Methods" 12/5/2016 The 21 Moving Average acted as a support, so we’ve got a “Harami” pattern, which has been confirmed enough. Therefore, the market is likely going to test the nearest support level once again. As we can see on the Daily chart, there isn’t any reversal...

EUR/USD: new "Window" 12/5/2016 There’s a “Hammer”, which has been confirmed enough. If the new “Window” acts as a resistance, the market is likely going to start falling down. As we can see on the Daily chart, bulls tested the nearest resistance area once again. Also, we’ve got a “High...

USD/THB: short- and long-term outlook 12/5/2016 We must admit that Thai Bat carried itself well in the cross with USD in the wake of the King Bhumibol’s passing and Donald Trump’s unexpected win. Strong Thailand’s fundamentals (strong GDP data, current account surplus, and prosperous tourism...

AUD/USD: along the SSB 12/5/2016 Technical levels: support – 0.7420; resistance – 0.7450, 0.7470. Trade recommendations: 1. Sell — 0.7450; SL — 0.7470; TP1 — 0.7380; TP2 — 0.7340. Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are under the Cloud and SSB...

GBP/USD: under daily resistance 12/5/2016 Technical levels: support – 1.2630, 1.2680; resistance – 1.2730. Trade recommendations: 1. Sell — 1.2700; SL — 1.2720; TP1 — 1.2630; TP2 — 1.2550. Reason: bearish Ichimoku Cloud and rising Senkou Span A and B; a golden cross of Tenkan-sen and...