Search results

EUR/USD: will bulls find happiness in the north? 12/2/2016 On the EUR/USD daily chart, a break of resistance at 1.066 initiated a corrective movement towards the 1.077 level (78.6% Fibonacci from XA wave in "Crab" pattern) and higher. The outlook for this pair is still "bearish", so, pullbacks...

AUD/USD: bears are going to attack 12/2/2016 On the AUD/USD daily chart, the expanding wedge pattern has been fulfilled. Rollback from 0.749 (38.2% Fibo from CD-wave) allowed opening short positions. At the present moment, there is a resistance near this mark. The "bearish" trend might...

Morning brief for December 2, 2016 12/2/2016 EUR/USD edged up 1.0687 in the course of the session putting it on track for 0.9% increase this week. The yield on German had the biggest jump in a year after it was reported by Reuters that the ECB will extend its bond purchases program beyond March...

EUR/USD & US NFP November: will the number invalidate the recent bottom? 12/2/2016 Today at 12:30 GMT will be released the latest US NFP data of the year, as November’s number can help to fuel expectations on a Fed interest rate’s hike in the next meeting (December). Latest Nonfarm Payrolls...

CAD/JPY reversed from pivotal support level 83.00 11/30/2016 CAD/JPY reversed from pivotal support level 83.00 Next buy target - 86.00 CAD/JPY has been rising in the last few trading sessions – following the earlier upward reversal from the pivotal support level 83.00 (previous resistance level...

CHF/JPY reversed from support level 110.00 11/30/2016 CHF/JPY reversed from support level 110.00 Next buy target – 112.30 CHF/JPY recently reversed up from the support zone surrounding the support level 110.00 (former resistance level from June). The upward reversal from this support level...

EUR/USD: two wedges in a row 11/30/2016 We’ve got wave 2, which is taking place between the -2/8 and 0/8 Murrey Math Levels (P=200). The nearest intraday target for wave [c] is 0/8 MM Level. If we see a pullback from this line, there’ll be an opportunity to have another decline. There’s a...

The Elliott Wave principle 11/30/2016 Perhaps every trader heard the name of Ralph Nelson Elliott, the creator of the Elliott wave trading principle. He was a professional accountant, although I jokingly call him a “financial markets’ personal psychiatrist.” You might ask why? Because his...

USD/JPY: "Inverted Hammer" pushing price higher 11/30/2016 The 21 Moving Average acted as a support, so the price found a lodgement above the nearest “Window”. Therefore, the market is likely going to test the closest resistance once again. As we can see on the Daily chart, today’s candle is...

EUR/USD: bullish "Engulfing" 11/30/2016 There’s a resistance by the 34 Moving Average. However, the market is likely going to test the next resistance level, which could bring a new bearish pattern afterwards. As we can see on the Daily chart, we’ve got a “High Wave”, but this pattern hasn’t...

Key option levels for Wednesday, November 30th 11/30/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest - 1 750 ? + 13 843 ? Closest resistance levels 1.0664; 1.0685; 1.0706; 1.0739 Closest support levels 1.0630...

GBP/USD: "V-Top" at the local high 11/30/2016 There’s a flat, which is taking place along the Moving Averages. Therefore, the price is likely going to test the nearest support area at 1.2439 – 1.2379. If bears be stopped here, there’ll be an option to have a correction towards a resistance at...

EUR/USD: "Double Bottom" led to upward movement 11/30/2016 The price is consolidating under the 34 Moving Average. Therefore, the market is likely going to decline towards the nearest support at 1.0617 – 1.0578. If a pullback from these levels happens, bulls will probably try to reach the 55...

AUD/USD: going on to SSB 11/30/2016 Technical levels: support – 0.7450, 0.7470; resistance – 0.7540. Trade recommendations: 1. Buy — 0.7480; SL — 0.7460; TP1 — 0.7540. 2. Sell — 0.7540; SL — 0.7560; TP1 — 0.7440; TP2 — 0.7390. Reason: bearish Ichimoku Cloud and rising Senkou Span A and...

EUR/USD: the prices are fixed inside a Cloud 11/30/2016 Technical levels: support – 1.0580, 1.0610; resistance – 1.0660/80. Trade recommendations: 1. Buy — 1.0630; SL — 1.0610; TP1 — 1.0680; TP2 – 1.0735. Reason: bearish mood of Ichimoku Cloud, but rising Senkou Span A; a correctional golden...

Morning brief for November 30, 2016 11/30/2016 EUR/USD slid down to 1.0623 on the Asian session. There are two main factors that help USD to crowd the top – speculation that the US newly elected President Donald Trump will pursue inflationary spending and tax policies and anticipation of the...

USD/CAD: loonie settled down on the ledge 11/30/2016 On the USD/CAD daily chart, there is consolidation within the uptrend. A breakout of the resistance at 1,357 will create prerequisites for the continuation of the rally towards 1.368. There is 224% target in the AB = CD pattern. On the...

NZD/JPY reached buy target 79.00 11/29/2016 NZD/JPY reached buy target 79.00 Next buy target - 91.00 NZD/JPY continues to rise after the earlier breakout of the key resistance level 79.00, which was set as the buy target in our previous forecast for this currency pair. The price earlier...

USD/JPY reversed from pivotal support level 111.40 11/29/2016 USD/JPY reversed from pivotal support level 111.40 Next buy target – 114.00 USD/JPY recently reversed up strongly from the pivotal support level 111.40 (acting as support now after it was broken by the breakout impulse wave (iii)...

How to trade with Ichimoku Kinko Hyo indicator 11/29/2016 Today we will learn how to use the Ichimoku Kinko Hyo indicator. It was created in the late 1930s by the prominent Japanese journalist Goichi Hosoda and used to be known as Ichimoku Sanjin which can be translated as “what a man in the...