Search results

AUD/USD falling inside minor corrective wave 2 11/17/2016 AUD/USD falling inside minor corrective wave 2 Next sell target - 0.7440 AUD/USD has been falling sharply in the last few trading sessions inside the minor corrective wave 2 – which started earlier – when the pair reversed down from the...

AUD/NZD under bearish pressure 11/17/2016 AUD/NZD falling inside the minor impulse wave Next sell target – 1.0470 AUD/NZD continues to fall inside the minor impulse wave (iii), which belongs to the minor impulse wave 3 from the start of October. The active wave (iii) started when the pair...

Review on Kathy Lien's book 11/17/2016 If you want to know Forex market from tip to toe you should read Kathy Lien’s book “Daily trading & swing trading the currency market”. There is something for everyone and any kind of trading emergencies. With every Lien’s chapter you become wiser...

Key option levels for Thursday, November 17th 11/17/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 32 483 ? + 93 958 ? Closest resistance levels 1.0746; 1.0776; 1.0794; 1.0817 Closest support levels 1.0670...

Eurozone political risk calendar and EUR/USD forecasts 11/17/2016 EUR/USD was weakening for eight consecutive days following the US presidential election outcome. Many analysts believe that the euro will continue to move downwards with some reoccurring rebounds. There are several fundamental...

USD/JPY: bulls are stopped by 110.00 11/17/2016 Technical levels: support – 108.70, 107.90; resistance – 109.30, 109.70. Trade recommendations: 1. Sell — 109.00; SL — 109.20; TP1 — 108.50; TP2 — 107.90. Reason: bullish Ichimoku Cloud and rising Tenkan-sen and Senkou Span; a golden cross of...

GBP/USD: bullish trend may continue 11/17/2016 Technical levels: support – 1.2420; resistance – 1.2520, 1.2610. Trade recommendations: 1. Buy — 1.2450/60; SL — 1.2430; TP1 — 1.2560; TP2 — 1.2610. Reason: bullish Ichimoku Cloud; correctional dead cross of Tenkan-sen and Kijun-sen; a support...

EUR/USD: waiting the correction 11/17/2016 Technical levels: support – 1.0680/90; resistance – 1.0740, 1.0790. Trade recommendations: 1. Buy — 1.0700; SL — 1.0680; TP1 — 1.0740; TP2 – 1.0790. Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; strong support under...

Morning brief for November 17, 2016 11/17/2016 USD/JPY spearheaded on Wednesday following the BOJ’s open market operation. The Bank committed itself to buy unlimited amounts of JGBs of specific maturities in September. Today we witnessed the first shot of the BOJ’s yield control policy that...

GBP/USD: pound saw a Shark 11/17/2016 On the GBP/USD daily chart, a break of support at 1.2365 can lead to the activation of the "Shark" pattern. Its target 88.6% is located at 1.2125. Resistance is located near the 1,248 mark. If it is tested successfully, the second shoulder of the "Head and...

NZD/USD: qiwi is testing the neckline 11/17/2016 On the NZD/USD daily chart, quotes went out from the upward trade channel and from the triangle. It is the first signal of a reversal of the trend. If the "bears" test the neckline of the "Head and shoulders" pattern, the quotes may fall towards...

GBP/USD: price going to reach nearest support 11/17/2016 The price is consolidating between the nearest resistance at 1.2556 and the Moving Averages. Therefore, the market is likely going to reach a support at 1.2330 in the short term. If a pullback from this line be on the table, bulls are...

EUR/USD: bears just can't stop 11/17/2016 The price faced a support at 1.0673, so we’ve got a local upward correction. However, bears are likely going to move on. In this case, we should keep an eye on the next support at 1.0636 as a possible intraday target. Also, there’s an opportunity to...

USD/JPY: "Window" going to act as a resistance 11/17/2016 There’s a possible “Doji” at the local high, but this pattern hasn’t been confirmed yet. Therefore, the price is likely going to achieve the closest “Window”, which could be a departure point for another bullish price movement...

EUR/USD: "Hammer" points to local correction 11/17/2016 We've got a “High Wave” on the Daily chart, but this pattern hasn’t been confirmed yet. However, if a confirmation arrives later on, there’ll be an opportunity to have a local upward correction. There’s an unconfirmed “Hammer” and a...

GBP/USD & UK Retail Sales for October: Will the bulls gain strength? 11/17/2016 Today at 09:30 GMT we’ll have the British version of Retail Sales for October, as the markets are waiting for an increase to 0.4% from 0.0% revised. Because of current GBP health, it will be interesting to see how...

Forex trading plan for Nov. 17 11/16/2016 According to the futures market, the possibility of the Federal Reserve’s interest rates hike in December equals to 94%. The market is so sure as it expects Donald Trump’s spending plans to increase inflation, which in turn will create the need for...

USD/JPY reached buy target 109.00 11/16/2016 USD/JPY reached buy target 109.00 Next buy target - 111.40 USD/JPY today broke through the resistance zone lying at the intersection of the resistance level 109.00 (buy target set in our earlier forecast for this currency pair) and the 61.8%...

AUD/CAD broke support zone 11/16/2016 AUD/CAD broke support zone Next sell target – 1.0000 AUD/CAD has been falling sharply in the last few trading sessions inside the minor correction 2 – which started earlier – when the pair reversed down with the daily Japanese candlesticks reversal pattern...

NZD/USD daily outlook 11/16/2016 This week is a bit shaky for NZD/USD currency pair. On Monday, there was a severe earthquake near the town of Kaikoura. Several hours ago, there was another earthquake at the same place. At the present moment, the pair is sliding down the 0.7019 support located...