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USD/JPY: forming the new local highs 11/10/2016 Technical levels: support – 104.90, 104.60; resistance – 105. 90. Trade recommendations: 1. Buy — 104.60; SL — 104.40; TP1 — 105.30; TP2 — 105.90. Reason: narrow Ichimoku Cloud and horizontal Senkou Span A and B; cancelled cross of Tenkan-sen...

AUD/USD: on the Cloud support 11/10/2016 Technical levels: support – 0.7665; resistance – 0.7730. Trade recommendations: 1. Buy — 0.7660; SL — 0.7640; TP1 — 0.7730; TP2 — 0.7780. Reason: bullish Ichimoku Cloud, rising Senkou Span B; cancelled dead cross of Tenkan-sen and Kijun-sen; the...

GBP/USD: in consolidation over Clouds 11/10/2016 Technical levels: support – 1.2360, 1.2400; resistance – 1.2450. Trade recommendations: 1. Buy — 1.2400; SL — 1.2380; TP1 — 1.2490; TP2 — 1.2540. Reason: bullish Ichimoku Cloud; all lines are horizontal; irregular dead cross of Tenkan-sen and...

EUR/USD: euro is losing positions 11/10/2016 Technical levels: support – 1.0895; resistance – 1.0990, 1.1025. Trade recommendations: 1. Buy — 1.0895; SL — 1.0875; TP1 — 1.0990; TP2 – 1.1025. 2. Sell — 1.0990; SL — 1.1010; TP1 — 1.0895; TP2 – 1.0850. Reason: bullish character of Ichimoku...

GBP/USD: consolidation going to move on 11/10/2016 We’ve got a consolidation between the nearest resistance at 1.2621 and the 55 Moving Average. Therefore, the market is likely going to reach a resistance at 1.2556 – 1.2621 in the short term. If a pullback from this area happens, bears will...

EUR/USD: bulls going to reach Moving Averages 11/10/2016 We’ve got a “V-Top” pattern, so the market plunged. Because of the last “V-Bottom” pattern, the market is likely going to reach a resistance at 1.0991. If a pullback from this level happens, there’ll be an opportunity to have another...

Morning brief for November 10, 2016 11/10/2016 USD/JPY made a big swing yesterday. First, it slumped to 101.16, then soared towards 106.00 as the probability of a December rate hike had been revised. A Trump presidency is promised to be expansionary with fiscal stimulus and tax cuts, hence, the...

AUD/USD: counterparts concluded a truce 11/10/2016 On the AUD/USD daily chart, prices once again rebounded from the lower boundary of the upward trading channel and come closer to the resistance at 0.769. If it is tested successfully, the rally will continue towards 0.776 or higher. In...

NZD/USD: kiwi's future is in hands of the support 11/10/2016 On the NZD/USD daily chart, the purple triangle has been formed. Breakout of the upper boundary at 0.7405 will give buyers hope for a recovery of the "bullish" trend. In contrast, a successful breakout of the diagonal support near...

EUR/USD after Trump's victory: Are the bears in EUR strengthening for mid-term? 11/10/2016 On an unexpected move, because of recent polls pre-elections, the Republican nominee, and businessman Donald Trump became the new United States president, catching up the votes from several “battleground”...

EUR/USD: "triangle" going to end 11/9/2016 The main wave count has been changed. Wave (X) is likely taking form of a triangle. Therefore, the market is likely going to test the lower side of this pattern. If a pullback happens, there’ll be an opportunity to have bullish wave (Y) of [/B]...

How Trump’s presidency can affect energy market 11/9/2016 Throughout the presidential race Donald Trump was saying that he would allow unfettered production of oil, coal and natural gas, increase gas and oil drilling in the Atlantic Ocean and on federal lands. Also, he was complaining that...

USD/JPY: "Piercing Line" stopped bears 11/9/2016 We’ve got a “Hanging Man” at the last high, which has been confirmed. Therefore, the price is likely going to decline soon. As we can see on the Daily chart, there isn’t any reversal pattern so far. In this case, there’s an option to have...

EUR/USD: huge candles 11/9/2016 There’re a support on the 55 Moving Average and a resistance on the upper “Window”. So, if the lower “Window” acts as a support, bulls will probably try to deliver another upward price movement. As we can see on the Daily chart, here’s an “Inverted Hammer”, but...

USD/CAD reversed from support area 11/9/2016 USD/CAD reversed from support area Next buy target - 1.3600 USD/CAD continues to rise after the earlier sharp upward reversal from the support zone lying between the support level 1.3250 (former resistance level and the upper boundary of the strong...

USD/JPY reversed from resistance zone 11/9/2016 USD/JPY reversed from resistance zone Next sell target - 102.00 USD/JPY recently reversed down sharply from the resistance zone lying between the resistance level 105.00, upper daily Bollinger Band and the 50% Fibonacci correction of the previous...

Trump’s victory: what will happen with interest rates, US economy and financial markets 11/9/2016 Donald Trump won the US presidential elections having avenged mass media for their numerous insults. The Republicans retained the power of both chambers in the US Parliament which means that it...

GBP/USD: bears going to test last low 11/9/2016 We’ve got a consolidation under the 55 Moving Average. So, bears are likely going to reach a support at 1.2330, which could be a departure point for another upward movement. The price faced a resistance at 1.2556, so we’ve got a “V-Top”...

EUR/USD: "V-Top" stopped bullish rally 11/9/2016 The downtrend has been broken. However, we’ve got a “V-Top” pattern, so the price reached a support at 1.1087. So, the market is likely going to continued falling down towards the next support at 1.1059 – 1.1038. If a pullback from this area...

Trump’s victory: what will happen to US dollar? 11/9/2016 Financial markets experienced a rough night on the news coming out of the United States. The Republican candidate Donald Trump unexpectedly won the key battleground states and was elected the US next president. What does it mean for the...