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Morning brief for November 15, 2016 15/11/2016 EUR/USD traded higher in the late session having approached to 1.0760. Then, the pair drifted back towards 1.0740. There was no news that could support the euro; many analysts predict that the greenback should bring more gains in near term on the...

USD/JPY: yen faced with the "Crab" pattern 15/11/2016 On the USD/JPY daily chart, quotes came closer to the upper boundary of the upward trading channel. A breakout of resistance at 108.85 can open the way to 110.1 and increase risks of the implementation of the 161.8% target in the "Crab"...

Gold prices are under control of bears 15/11/2016 On the daily chart of gold, prices were stopped by the important support at $1210. It is located at 50% Fibonacci retracement level of the last mid-term upward wave. A successful attack of "bears" can lead to the implementation of the "Perfect...

USD/JPY & US Retail Sales for October: Who can stop the US Dollar rally? 15/11/2016 Today at 13:30 GMT will be released the US retail sales for October and we’re expecting no changes from last reading of 0.6% in September. During the last data, we saw an increase in the number, following a...

EUR/USD broke strong support level 1.0850 11/14/2016 EUR/USD broke strong support level 1.0850 Next sell target - 1.0700 EUR/USD continues to fall after the earlier breakout of the strong support level 1.0850 (which reversed the earlier waves (a), 2 and (i), as can be seen below). The breakout...

USD/JPY broke resistance zone 11/14/2016 USD/JPY broke resistance zone Next buy target - 109.00 USD/JPY has been rising sharply in the last few trading sessions inside the C-wave of the intermediate ABC correction (2) from the middle of August. The price today broke through the resistance zone...

EUR/USD: wave 1 going to be continued 11/14/2016 There’s a possible triangle in wave (Y) of . Also, we’ve got a pullback from 4/8 Murrey Math Line (P=200), so there’s a bearish impulse in wave 1 on the way. The main intraday target is -1/8 MM Level. As we can see on the H4 chart, wave E of...

USD/JPY: bulls going to move on 11/14/2016 The price is still rising, so we don’t have any reversal pattern so far, which means bulls are likely going to move on toward the upper “Window”. As we can see on the Daily chart, all last candles are bullish, so there’s an opportunity to see the...

EUR/USD: unstoppable bears 11/14/2016 The market has been falling down since a pullback from the upper “Window” arrived. Also, we’ve got a “Three Methods” pattern, so bears are likely going to move on. If we see any reversal pattern on the nearest support level, there’ll be an opportunity to...

EUR/USD outlook from banks 11/14/2016 Many banks are expecting the euro to fall in the near-term. Credit Suisse is looking to sell the pair at 1.0980 with a target at 1.0765, or at 1.1025 with a target at 1.0625 (these are limit orders). The bank pays attention to the formation a “triangle”...

Key option levels for Monday, November 14th 11/14/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 307 959 ? - 199 904 ? Closest resistance levels 1.0882; 1.0907/20; 1.0954; 1.0976 Closest support levels...

USD/JPY: bulls are on the attack 11/14/2016 Technical levels: support – 106.90, 106.60; resistance – 107.70, 108.80. Trade recommendations: 1. Buy — 106.60; SL — 106.40; TP1 — 107.70; TP2 — 108.80. Reason: bullish Ichimoku Cloud and rising lines of Ichimoku Indicator; a new golden cross of...

AUD/USD: bears reached the October lows 11/14/2016 Technical levels: support – 0.7520/30, 0.7490; resistance – 0.7580. Trade recommendations: 1. Sell — 0.7580; SL — 0.7600; TP1 — 0.7520; TP2 — 0.7490. Reason: bearish Ichimoku Cloud; dead cross of Tenkan-sen and Kijun-sen; the prices are on...

GBP/USD: on Tenkan and Kijun support 11/14/2016 Technical levels: support – 1.2520; resistance – 1.2610, 1.2680. Trade recommendations: 1. Buy — 1.2520; SL — 1.2500; TP1 — 1.2610; TP2 — 1.2680. Reason: bullish Ichimoku Cloud; golden cross of Tenkan-sen and Kijun-sen, but all lines of...

GBP/USD: bears going to test local uptrend 11/14/2016 The price is still consolidating above the broken downtrend. We’ve got a resistance at 1.2677, so there’s a “V-Top” pattern, which led to decline towards a support at 1.2556. Therefore, bears are likely going to move on, so we should keep...

EUR/USD: bearish "Pennant" 11/14/2016 We’ve got a “V-Top” pattern, which led to the bearish rally. However, bears faced a support at 1.0777, so there’s a local correction on the way. Considering a “Flag” pattern, the market is likely going to decline towards a support at 1.0744 – 1.0710. At...

Morning brief for November 14, 2016 11/14/2016 USD/JPY soared above 107.4 in brisk morning trade. It got an additional fillip from data out of Japan. Quarterly preliminary GDP went ahead of expectation; inflation is still far away from hitting 2% target (-0.1%). EUR/USD slid down below 1.0760...

USD/CAD: bulls change the trend 11/14/2016 On the USD/CAD daily chart, "bullish" trend is on the rise. Breakout of the resistance at 1.357 can lead to the continuation of the rally towards the upper boundary of the upward trading channel and then towards 1.3837. There is a 61.8% Fibonacci...

GBP/USD: bulls are taking the situation under control 11/14/2016 On the GBP/USD daily chart, after the target at 1.2375 has been fulfilled, "bulls" slowed down and allowed quotes to fall below the base of the 26th figure. However, the situation remains under the control of buyers. So, the...

EUR/GBP & ECB's Draghi speech post-US elections: Some hints of further Trump - ECB policies relationship? 11/14/2016 Today at 15:00 GMT we’ll have the first speech from ECB’s President Mario Draghi, following the US elections, in which the Republican nominee, Donald Trump won the race to become...