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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...

EUR/USD: bears have won 12/5/2016 Technical levels: support – 1.0570/80; resistance – 1.0620, 1.0650. Trade recommendations: 1. Sell — 1.0620; SL — 1.0640; TP1 — 1.0570; TP2 – 1.0520. Reason: bearish mood of Ichimoku Cloud and falling Senkou Span A; cancelled golden cross of Tenkan-sen and...

GBP/USD: resistance waiting for bulls 12/5/2016 The price has been rising since a “Double Bottom” was formed. It’s likely that bulls are going to move on, so we should keep an eye on the nearest resistance at 1.2770 – 1.2795. Considering a possible pullback from this area, there’s an...

EUR/USD: bullish "Thorn" 12/5/2016 There's a “Breakaway Gap”, but the price faced a support at 1.0517, so we’ve got a “Thorn” pattern. Therefore, the market is likely going to test the nearest resistance area at 1.0594 – 1.0655. If a pullback from this area happens, there’ll be an opportunity...

Your volatility calendar for December 12/5/2016 Dec. 6, 05:30 GMT+2, RBA cash rate The Reserve Bank of Australia is due to announce its rate decision. Short-term interest rates affect the currency valuation. Traders will use this event to predict how exchange rate will change in the future...

Morning brief for December 5, 2016 12/5/2016 EUR/USD slumped to the lowest level since March 2015 (1.0502) as Italian PM Matteo Renzi said he would resign following his defeat on constitutional reform. Exit polls showed 59% Italians had voted against Renzi’s plan to make the government more...

GBP/USD: pound is trying to define which way to go 12/5/2016 On the GBP/USD daily chart, there is a "bull - bear" battle for the 1.269 level. If the "bulls" manage to keep prices above it, the update of the December peak will open the way towards 1.29 resistance line. In contrast, the fall of...

NZD/USD: kiwi decided to have a rest in the south 12/5/2016 On the NZD/USD daily chart, there is a test of the neckline of the "Head and shoulders" pattern. A short position was opened from the 0.7135 level. Given the current "bearish" potential of the pair, traders should consider holding the...

GBP/USD & UK Services PMI for November: Will the data help to feed bulls on the Pound? 12/5/2016 Today at 09:30 GMT will be released the UK Services PMI for November, which should see a little decrease from 54.5 to 54.0. Latest data from services PMI had been showing an overall positive...

USD/JPY: outlook for December 5-9, 2016 12/2/2016 USD/JPY made a big swing this week having risen from 111.3 (Monday’s low) to 114.8 level. The US dollar was driven up by strong readings on the US ADP payroll report and Chicago PMI as well as the surging oil prices. On Friday, the US dollar...

AUD/USD: outlook for December 5 -9, 2016 12/2/2016 AUD/USD slumped this week on the run of disappointing figures coming from Australia. We got a miss in the building approvals report followed by disappointing investment data. Upbeat Australian retail turnover and the Fed's employment report...

EUR/CAD broke major support level 1.4270 12/2/2016 EUR/CAD broke major support level 1.4270 Next sell target – 1.4100 EUR/CAD has been under strong bearish pressure lately – after the pair broke through the major support level 1.4270 (which earlier reversed the price sharply in June, July and...

EUR/CHF reversed from strong resistance zone 12/2/2016 EUR/CHF reversed from strong resistance zone Next sell target - 1.0700 EUR/CHF continues to fall inside the minor (b)-wave, which started earlier – when the pair reversed down from the strong resistance zone lying between the pivotal...

EUR/USD: another bearish impulse started 12/2/2016 Wave 2 probably was ended yesterday in a form of a zigzag. So, there’s an opportunity to have another bearish impulse in wave 3. If – 2/8 Murrey Math Level (P=200) be broken, we will have a new levels indication. As we can see on the...

USD/JPY: two "Harami" 12/2/2016 We’ve got a “High Wave” and a “Shooting Star”, which both have been confirmed. Therefore, bears are likely going to test the 13 Moving Average in the short term. As we can see on the Daily chart, here’s a “High Wave”, but this pattern doesn’t have a...

EUR/USD: bearish "Shooting Star" 12/2/2016 We’ve got an “Engulfing” at the local high, but this pattern hasn’t been confirmed yet. So, the price is likely going to test the 13 Moving Average in the short term. As we can see on the Daily chart, the price is testing the nearest resistance. If...

Key option levels for Friday, December 2nd 12/2/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 69 685 ? + 26 721 ? Closest resistance levels 1.0670; 1.0696/1.0709; 1.0745; 1.0793 Closest support levels 1.0645...

GBP/USD: bearish "Thorn" 12/2/2016 The price faced a resistance at 1.2672, so we’ve got a “Thorn” pattern here. In this case, the market is likely going to test the nearest support at 1.2556 – 1.2498 in the short term. If we see a pullback from this area, there’ll be an opportunity to have an...

EUR/USD: price reached resistance 12/2/2016 The price is still consolidating under the Moving Averages. Also, there’s a “Flag” pattern, so the market is likely going to reach a resistance at 1.0745 – 1.0778 in the short term. If a pullback from these levels happens, bears will probably try to...

NFP forecasts from banks 12/2/2016 Consensus forecasts for non-farm payrolls change - 177K, for unemployment rate - 4.9%, for average hourly earnings - 0.2%. More: https://fxbazooka.com/analytics/11551