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EUR/USD: "High Wave" pushing price higher 11/23/2016 There’s a “Doji”, which hasn’t been confirmed yet. The 13 Moving Average is acting as a resistance, so the price is likely going to test the nearest support in the short term. As we can see on the Daily chart, the last “Engulfing” doesn’t...

Key option levels for Wednesday, November 23th 11/23/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest + 75 164 ? + 32 336 ? Closest resistance levels 1.0644; 1.0665; 1.0687; 1.0722 Closest support levels 1.0615...

GBP/USD: ahead of the UK Autumn Statement 11/23/2016 What is the Autumn Statement and why it’s so important? It's the Chancellor's second-biggest speech of the year after the Budget. Philip Hammond, the British the Chancellor of the Exchequer, will come to the House of Commons to reveal the...

AUD/USD: aussie finished the local correction 11/23/2016 Technical levels: support – 0.7390, 0.7360; resistance – 0.7440. Trade recommendations: 1. Sell — 0.7430/40; SL — 0.7460; TP1 — 0.7360; TP2 — 0.7320. Reason: bearish Ichimoku Cloud but there is a rising Senkou Span A; dead cross of...

GBP/USD: on support of Tenkan and Kijun 11/23/2016 Technical levels: support – 1.2405, 1.2370; resistance – 1.2490. Trade recommendations: 1. Buy — 1.2420; SL — 1.2400; TP1 — 1.2520; TP2 — 1.2610. 2. Sell — 1.2360; SL — 1.2380; TP1 — 1.2310; TP2 — 1.2230. Reason: narrowing bullish Ichimoku...

EUR/USD: bearish trend may continue 11/23/2016 Technical levels: support – 1.0610; resistance – 1.0650. Trade recommendations: 1. Sell — 1.0600; SL — 1.0620; TP1 — 1.0570; TP2 – 1.0510. Reason: bearish mood of Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; strong resistance of...

GBP/USD: "Triple Top" led to decline 11/23/2016 There’s a “Double Top” pattern, so the price reached a support at 1.2379. So, bears are likely going to move on towards the next support at 1.2352 – 1.2309. If a pullback from this area be on the table, there’ll be an option to have another...

EUR/USD: bearish "Flag" 11/23/2016 The price is consolidating above the nearest support at 1.0565. Also, we’ve got a “Flag”, so the market is likely going to reach the next support at 1.0550 – 1.0522 in the short term. If a pullback from these levels happens, there’ll be an opportunity to...

Morning brief for November 23, 2016 11/23/2016 EUR/USD pinned to 1.0622 level only a few points above its one-year low at 1.0564. Much credit must go to the US bond yields that keep rising after the US presidential election. Another factor that contributes to the US strengthening is a...

GBP/USD: pound is coming back to its previous positions 11/23/2016 On the GBP/USD daily chart, the "bears" was trying to return to the borders of the medium-term consolidation range at 1.21-1.231, but failed to do so. As a result, the second shoulder of the "Head and shoulders" pattern was...

NZD/USD: kiwi decided to test the "neckline" 11/23/2016 On the NZD/USD daily chart, quotes came back to the neckline of the "Head and shoulders" pattern. Rollback from the nearest resistance or from the lower boundary of the upward trading channel will allow us to open short positions. On...

EUR/USD & FOMC Minutes: The ground is ready for a rate hike! 11/23/2016 Today at 19:00 GMT we’ll have the FOMC minutes, which are from November’s meeting, where the central bank decided to keep unchanged interest rates, before the US elections. Traders will be looking for further hints about a...

USD/CAD reversed from powerful resistance level 1.3560 11/22/2016 USD/CAD reversed from powerful resistance level 1.3560 Next sell targets - 1.3350 and 1.3270 USD/CAD continues to fall after the earlier downward reversal from the powerful resistance level 1.3560, which also reversed the price...

USD/CHF rising inside multiple impulse waves 11/22/2016 USD/CHF rising inside multiple impulse waves Next buy target – 1.0200 USD/CHF has been rising strongly in the last few trading sessions – following the earlier breakout of the powerful resistance zone lying between the resistance levels...

EUR/USD: wave [iii] going to move on 11/22/2016 The market has been declining since a triangle in wave (Y) ended. Therefore, wave [iii] is likely going to be continued. In this case, we should keep an eye on -2/8 Murrey Math Level (P=200). As we can see on the one-hour chart, there’s a...

USD/JPY: "Shooting Star" pushing correction lower 11/22/2016 The price is consolidating above the nearest “Window”. At the same time, we’ve got an “Engulfing” and a “High Wave” patterns, but both of them haven’t been confirmed yet. So, the price is likely going to test the closest Moving...

EUR/USD: correction going to move on 11/22/2016 There’s a reversal “Doji” at the local low, which has been confirmed enough. So, the price is likely going to test the 21 Moving Average line soon. As we can see on the Daily chart, we’ve got an “Engulfing” pattern. If it confirms, there’ll be...

USD/CAD: fundamental and technical analyses 11/22/2016 USD/CAD slumped to 1.3383 as contradictions within OPEC started to fade away pushing the oil crude prices higher. US dollar gained momentum on the Asian session and leapfrogged the Loonie. We see more USD upside going forward mainly on the...

Goldman Sachs’ trade ideas for 2017 11/22/2016 USD forecasts 2017 is promising to be auspicious for the US dollar with the fiscal stimulus, immigration rhetoric and more protectionism spurring inflation rates and offsetting monetary policy tightening. The greenback should have a good advantage...

Key option levels for Tuesday, November 22th 11/22/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 58 061 ? + 103 433 ? Closest resistance levels 1.0633; 1.0661; 1.0688; 1.0705 Closest support levels 1.0595...