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USD/JPY: outlook for Nov.28-Dec.2 11/28/2016 USD/JPY rose to its 8-month high of 113.90 from 110.94 last week as US macroeconomic releases beat market’s expectations. Weekly focus The US will have a very busy economic calendar this week. On Tuesday, we will receive the second estimate of...

GBP/USD: correction is coming 11/28/2016 The price is consolidating above the local uptrend. Therefore, the pair is likely going to decline towards a support at 1.2476 – 1.2439 in the short term. Considering a “Double Bottom” pattern, bulls will probably try to achieve the nearest resistance...

EUR/USD: bulls broke the Moving Average 11/28/2016 The price faced a support at 1.0522, which led to form a “Triple Bottom” pattern, so the price reached the 34 Moving Average. In this case, the market is likely going to decline towards the next support at 1.0617 in the short term. If we see...

AUD/USD: rising to Kijun 11/28/2016 Technical levels: support – 0.7450; resistance – 0.7540. Trade recommendations: 1. Buy — 0.7460; SL — 0.7440; 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 Tenkan-sen...

EUR/USD: trading in the cloudy zone 11/28/2016 Technical levels: support – 1.0600; resistance – 1.0680. 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 new correctional golden cross of...

Morning brief for November 28, 2016 11/28/2016 USD/JPY slumped to 111.3 from its 8-month high of 113.90 in the course of the latest session as the yields on 10-year US Treasuries slipped down to 2.323 from its 16-month high of 2.417. The pair may rebound from the present level to the nearest...

AUD/USD: Aussie saw a "Bat" 11/28/2016 On the AUD/USD daily chart, there is a correction towards downtrend. A break of the resistance at 0.7485 (38.2% Fibonacci retracement level from the last wave) can lead to the continuation of the rally towards 0.754 and 0.76. In contrast, the rebound can...

EUR/USD: bulls are going to start counter-attack 11/28/2016 On the EUR/USD daily chart, there is the long-awaited correction towards the downtrend. We can consider the surge in quotes in the course of the trading session on November 9 as the market noise; the extent of the rollback can be...

EUR/USD & Draghi Testimony: Looking for the parity zone? 11/28/2016 Today at 14:00 GMT, ECB’s President Mario Draghi will testify once again from Brussels and we should remind that his latest speech was dovish, which helped the Euro to post new yearly lows across the board. Draghi already made...

Key option levels for Monday, November 28th 11/28/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 668 ? - 76 513 ? Closest resistance levels 1.0614; 1.0640; 1.0665; 1.0703 Closest support levels 1.0571; 1.0542...

EUR/USD: wave [iv] ended 11/25/2016 There’s a bearish impulse in wave 1. It’s likely that wave [iv] is going to end soon. If so, bears will probably try to break -2/8 Murrey Math Level (P=200). In this case, we’ll have a new levels’ indication on the chart. As we can see on the one-hour...

AUD/USD reached buy target 0.7440 11/25/2016 AUD/USD reached buy target 0.7440 Next buy target - 0.7500 AUD/USD today reached the resistance level 0.7440 (which was set as the buy target in our previous forecast for this currency pair). The price has been rising in the last few trading sessions...

GBP/AUD reversed from resistance area 11/25/2016 GBP/AUD reversed from resistance area Next sell target – 1.6300 GBP/AUD recently reversed down from the resistance area lying between the round resistance level 1.7000, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous...

GBP/USD: outlook for Nov. 28-Dec. 2 11/25/2016 This week GBP/USD was trading in the wide range between 1.2510-1.2310. The pair made a big swing ahead of the Autumn statement but then slid down on the strong release of US durable goods orders and “hawkish” FOMC meeting minutes. By the end of the...

AUD/USD: outlook for Nov. 28-Dec. 2 11/25/2016 AUD/USD made a big swing this week having risen from 0.7310 to 0.7468. Aussie’s boost can be attributed to the rising commodity prices as economic forecasts for Australia changed only a little. Next week should bring more volatility to the AUD/USD...

EUR/USD: outlook for Nov. 28-Dec.2 111/25/2016 Weekly Recap This week was rather choppy for EUR/USD. The euro rose on Monday not paying much heed to the ECB President Draghi’s commitment to preserving accommodative policy as long as it is needed. The US dollar recovered its losses on Wednesday...

USD/JPY: "Tower" at the high 11/25/2016 There’s a local correction, which is taking place on the one-hour chart. Also, we’ve got a “Shooting Star” at the local high. Considering a confirmation of this pattern, the price is likely going to test the 34 Moving Average. However, if a pullback...

EUR/USD: "High Wave" on the Moving Average 11/25/2016 We’ve got a “Harami” and a “Hammer”, which both have been confirmed enough. So, the market is likely going to test the nearest resistance, which could be a departure point for another decline. As we can see on the Daily chart, there’s a...

GBP/USD: flat going to move on 11/25/2016 The price is consolidating along the nearest Moving Averages. It’s likely that the pair is going to reach a resistance at 1.2511 – 1.2556 in the short term. If we see a pullback from this area, there’ll be an opportunity to have another bearish price...

EUR/USD: bearish "Flag" 11/25/2016 There’s a consolidation, which is taking place between a resistance at 1.0582 and a support at 1.0522. Also, we’ve got a possible bearish “Flag”. In this case, bulls are likely going to reach a resistance at 1.0600 – 1.0617. However, if a pullback from this...