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EUR/USD: outlook for November 7-11 11/4/2016 EUR/USD gained in the past week and came to resistance at 1.1120 (August/September lows, 50-day MA). The main bullish driver for the pair was the general weakness of the US dollar. Still, data from the euro area were mostly favorable...

GBP/USD: outlook for November 7-11 11/4/2016 Fundamental picture for the British pound has improved during the past week. The UK High Court ruled that British parliament – not the government – has the power to trigger Article 50 – a process of exit from the European Union. The UK government is...

US dollar: outlook for November 7-11 11/4/2016 American political factors will continue to be the main driver of the currency market. Investors and traders are waiting for the outcome of the presidential race. US dollar index (DXY) declined in the past week as opinion polls have tightened and...

Crash course on the US voting system 11/4/2016 We’ve decided to fill you in on how the US votes are counted and how they aggregate a final result. Perhaps, this information can help you to form your own opinion of who might win the upcoming US presidential race. Americans don’t vote for...

AUD/USD: weekly outlook for November 7-11 11/4/2016 Aussie performed well in the course of this week but failed to break the resistance at 0.7700. On Tuesday, the Reserve Bank of Australia left the cash rate unchanged at 1.5%. The latest PMI surveys from China offered additional support to AUD...

USD/JPY: weekly outlook for November 7-11 11/4/2016 USD/JPY fell from 105.2 to 102.4 on the growing concerns over the US election outcome. The greenback got some support from the decent US unemployment report and trade balance on Friday. On Tuesday, the Bank of Japan left its policy settings...

AUD/CAD reached buy target 1.0300 11/4/2016 AUD/CAD reached buy target 1.0300 Next buy target - 1.0400 AUD/CAD earlier broke through the resistance level 1.0300, which stopped the previous minor impulse wave (i) at the end of October and which was set as the buy target in our earlier forecast...

Key option levels for Friday, November 4th 11/4/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 64 239 ? + 25 582 ? Closest resistance levels 1.1127; 1.1152; 1.1173/87; 1.1203 Closest support levels 1.1093...

NFP forecasts from banks 11/4/2016 The consensus forecast for Non-Farm payrolls is 174K, for unemployment rate - 4.9%, for average hourly earnings - 0.3% More: https://fxbazooka.com/analytics/11184

USD/JPY: oversold Dollar 11/4/2016 Technical levels: support – 103.05; resistance – 103.35, 103.90. Trade recommendations: 1. Buy — 103.20; SL — 103.00; TP1 — 103.90; TP2 — 104.30. Reason: bearish Ichimoku Cloud and falling Senkou Span A, but the oversold market; dead cross of Tenkan-sen and...

GBP/USD: testing Senkou Span B 11/4/2016 Technical levels: support – 1.2350; resistance – 1.2480, 1.2520. Trade recommendations: 1. Sell — 1.2480; SL — 1.2500; TP1 — 1.2350; TP2 — 1.2310. Reason: overbought market; irregular created bullish Ichimoku Cloud; golden cross of Tenkan-sen and...

GBP/USD: bulls going to break downtrend 11/4/2016 Bulls have broken the last “Rectangle” pattern, but the price faced a resistance on the downtrend line afterwards. In this case, bulls is likely going to try to break this line and climb even higher. The main intraday target is a resistance at...

EUR/USD: local flat going to be continued 11/4/2016 Bulls faced a resistance at 1.1122, so we’ve got the current consolidation. Therefore, the market is likely going to decline towards the 89 Moving Average. However, we’ve got a “Double Bottom” pattern here, so there’s an opportunity to have...

Gold: bulls need a rest 11/4/2016 On the daily chart of gold, the first ($ 1300) of two targets on the long positions has been fulfilled. "Bulls" were stopped by resistance at $1305. Quotes failed to hold above the convergence zone ($1298-1305) thereby creating prerequisites for the correction...

USD/CHF: bulls are going to attack On the USD/CHF daily chart, the target 0.99 has been fulfilled, the "bears" were stopped by the lower boundary of the upward trading channel and intermediate target 78.6% in the "Shark" pattern. If quotes move above the convergence zone at 0,9763-0,9768, it...

EUR/USD & US NFP October: A bullish USD ahead of US elections? 11/4/2016 Today at 12:30GMT we’ll have the US Non-Farm Payrolls for October, where the market’s consensus is calling for an increase to 175,000 jobs from 156,000 registered in September. This data should provide more clues about the...

EUR/USD: local correction coming 11/4/2016 The price reached the nearest resistance, so we’ve got a “High Wave” on the Daily chart. If this pattern confirms, the market is likely going to test the 13 Moving Average. However, if a pullback from this line happens, bulls will probably try to...

USD/JPY: bearish "Harami" 11/4/2016 We’ve got a local bearish “Harami”, which has been confirmed. Considering that we don’t have any reversal pattern so far, bears are likely going to move on until any bullish sign arrives. There’s a “High Wave” pattern at the last low, which has a...

GBP/CAD broke key resistance level 1.6680 11/4/2016 GBP/CAD broke key resistance level 1.6680 Next buy target - 1.7000 GBP/CAD continues to rise – after the earlier breakout of the key resistance level 1.6680 (former support level and the lower boundary of the sideways price range inside which...

NZD/CAD reached buy target 0.9640 11/2/2016 NZD/CAD reached buy target 0.9640 Next buy target - 0.9800 NZD/CAD continues to rise sharply in the minor impulse wave 3 – which earlier broke through the resistance level 0.9640 (which was set as the buy target in our earlier forecast for this...