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USD/CAD daily outlook 11/16/2016 USD/CAD moved lower yesterday due to the combination of two fundamental factors: oil prices rose as market participants continue to weigh prospects of an output cut in the end of November; yields on the US 10-year bonds that was supporting the US currency in...

Key option levels for Wednesday, November 16th 11/16/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 40 127 ? + 146 999 ? Closest resistance levels 1.0770; 1.0795; 1.0811; 1.0831 Closest support levels...

USD/JPY: bulls are still active 11/16/2016 Technical levels: support – 108.50, 107.30; resistance – 109.70, 110.10. Trade recommendations: 1. Sell — 109.70; SL — 109.90; TP1 — 108.50; TP2 — 108.00. Reason: bullish Ichimoku Cloud and rising lines of Ichimoku Indicator; a golden cross of...

AUD/USD: bears are on the attack 11/16/2016 Technical levels: support – 0.7520/30, 0.7480; resistance – 0.7580. Trade recommendations: 1. Sell — 0.7530; SL — 0.7550; TP1 — 0.7480; TP2 — 0.7410. Reason: bearish Ichimoku Cloud; dead cross of Tenkan-sen and Kijun-sen; but there is a strong...

GBP/USD: on the Clouds support 11/16/2016 Technical levels: support – 1.2450; resistance – 1.2560, 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; strong support...

Morning brief for November 16, 2016. 11/16/2016 GBP/USD rose to 1.2480 on the speculation that “Brexit” might be delayed up to 2 years. Today keep in focus labor data (claimant count change, average earnings index, unemployment rate). A drop in jobless claims could send prices higher; a weak...

EUR/USD: bears hit the brake pedal 11/16/2016 On the EUR/USD daily chart, there is an inside bar which indicates that there is an uncertainty in the market.Sellers decided to take a break and give respite to their counterparts. A breakout of the inside bar minimum (at 1.071) can move quotes...

AUD/USD: Aussie moved downward 11/16/2016 On the AUD/USD daily chart, there was a breakout of the lower boundary of the long-term upward trading channel. It shows that the control of the market was turned over to the "bears". "Perfect Butterfly" pattern tells us that the quotes may fall to...

GBP/USD: "Breakaway Gap" acted as a resistance 11/16/2016 We’ve got a consolidation, which is taking place under a resistance at 1.2677. Therefore, the market is likely going to decline towards the 55 Moving Average in the short term. If we see a pullback from this line, there’ll be a chance...

EUR/USD: "Flag" led to massive decline 11/16/2016 The price is consolidating under a support at 1.0710. Also, we’ve got a resistance at 1.0821, so the market is likely going to reach the next support at 1.0673 in the short term. If a pullback from this level happens, there’ll be an...

EUR/USD & US PPI: unstoppable greenback still dominant 11/16/2016 Today will be published the US Producer Price Index at 13:30 GMT, which should remain unchanged, as analysts have been expecting. However, because of recent good data from retail sales, we may expect a surprise in the number and...

USD/JPY: there isn't any reversal pattern 11/16/2016 The price has found a lodgement above the “Window and we don’t have any reversal pattern so far. In this case, bulls are likely going to reach the closest resistance. If we see any bullish pattern on this level, there’ll be an opportunity...

EUR/USD: price reached important support 11/16/2016 The price has reached the long-term support area, but we don’t have any bullish pattern so far. At the same time, there’s a possible “Inverted Hammer”. If this pattern confirms, bulls will probably try to deliver a correction. There’s a...

Oz Forex System: 100-800 Pips Per Trade 15/11/2016 Perhaps, everybody knows a fairy tale about heroic orphan child Dorothy Gale and her little dog Toto whose house was blown into Oz by a tornado. It seems that traders while creating the OzFX trading system became reminiscent of their childhood...

“Trump’s effect” on the US bonds 15/11/2016 Many economists, financiers wrestled with subject how to raise the inflation expectations of the private sector. They suggested sophisticated policies for the economic recovery from the recession, perform mathematical computations; Kuroda, Draghi and...

Key option levels for Tuesday, November 15th 15/11/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 57 636 ? - 131 637 ? Closest resistance levels 1.0778; 1.0802(19?); 1.0838; 1.0861 Closest support levels...

GBP/USD: bears on the way to test trend line 15/11/2016 The price faced a resistance at 1.2677, so we’ve got a “V-Top” pattern. The 89 Moving Average is acting as a support. Therefore, the market is likely going to continue falling down towards the 55 Moving Average. If a pullback from this...

EUR/USD: support waiting for bears 15/11/2016 The price faced a support at 1.0710, which led to form a “V-Bottom” pattern. So, the market is likely going to decline towards a support at 1.0673 in the short term. If we see a pullback from this level, there’ll be an opportunity to have a...

USD/JPY: market is under resistance[//B] 15/11/2016 Technical levels: support – 106.90, 107.30; resistance – 108.80. Trade recommendations: 1. Sell — 108.80; SL — 109.00; TP1 — 108.00; TP2 — 107.30. Reason: bullish Ichimoku Cloud and rising lines of Ichimoku Indicator; a golden cross of...

GBP/USD: bullish trend is going on 15/11/2016 Technical levels: support – 1.2450; resistance – 1.2560, 1.2610. Trade recommendations: 1. Buy — 1.2450; SL — 1.2430; TP1 — 1.2560; TP2 — 1.2610. Reason: bullish Ichimoku Cloud; golden cross of Tenkan-sen and Kijun-sen; all lines of Ichimoku...