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It is flush time for gold 11/9/2016 Gold surged as Donald Trump won the US presidential race. Investors scooched their money out of risky assets rushing into safe harbors. The precious metal jumped to $1,337 (the highest level since September) as exit polls showed a Trump lead. Hedge funds...

USD/JPY: yen faced with Shark 11/9/2016 On the USD/JPY daily chart, the pair fell sharply from the 103 level. As a result, the "Head and shoulders" pattern has been formed. Update of the current bar's low can lead to the further downfall towards 100.5. There is target 88.6% in the "Shark"...

Gold: bulls are taking the situation under control 11/9/2016 On the daily chart of gold, there was a buying signal at $1,275. Quotes soared, allowing take profits and re-open longs from $1,306. If the "bulls" test the resistance at $1,360 and go back to the boundaries of the upward trading...

NZD/CAD reached buy target 0.9800 11/7/2016 NZD/CAD reached buy target 0.9800 Next buy target - 0.9900 NZD/CAD continues to rise following the earlier breakout of the resistance level 0.9800 (previous buy target set in our earlier forecast for this currency pair). The breakout of the resistance...

EUR/NZD falling inside minor impulse wave 11/7/2016 EUR/NZD falling inside minor impulse wave Next sell targets - 1.5050 and 1.5000 EUR/NZD has been falling in the last few trading sessions inside the minor impulse wave (iii) – which started earlier – when the pair reversed down from the...

USD/JPY: bearish "Harami" 11/7/2016 We’ve got a bearish “Advance Block”, but this pattern hasn’t been confirmed yet. So, bulls are likely going to test the nearest resistance. If a pullback from this level arrives, there’ll be an opportunity to have a downward price movement. As we can see on...

EUR/USD: "Window" arrived 11/7/2016 The price couldn’t find a lodgement above the upper “Window”, so there’s a very rare moment, when we don’t have any reversal pattern at all. Therefore, the market is likely going to test the nearest support level. If we have a pullback from it, bulls will...

EUR/USD: wave [ii] ended 11/7/2016 The price couldn’t find a lodgement above 6/8 Murrey Math Level (P=200). So, it seems like wave [ii] has formed a zigzag. In this case, bears are likely going to deliver a bearish impulse in wave (i) soon. As we can see on the one-hour chart, a bullish...

US election prep: trading strategies from banks 11/7/2016 Take a nap and stock up with coffee ahead of the US Election Day, as it is going to be a real marathon. There some prompts from banks on how to trade the US election. Here is the schedule for the key state poll closings More...

“What if analysis” of markets after presidential election 11/7/2016 As the most acrimonious US election is drawing to a close, financial markets keep fingers crossed for Hillary Clinton as she could maintain the status quo, whereas Trump’s victory would resemble the aftermath of the UK’s vote...

GBP/USD: bears going to deliver correction 11/7/2016 The downtrend has been broken, but the price reached a resistance at 1.2621. Also, we’ve got a “V-Top”, which led to a local decline. So, bears are likely going to reach a support at 1.2330. If we see a pullback from this level, there’ll be...

How to trade gaps 11/7/2016 Gap is an area on a chart which is not filled with any technical objects, where no trades took place. Gaps usually occur in the interim of two sessions. If something important happens (data releases, significant political announcements), the market volatility...

EUR/USD: "V-Top" led to "Breakaway Gap" 11/7/2016 There’s a “V-Top”, which led to the “Breakaway Gap” this morning. So, the market is likely going to decline towards the 55 Moving Average. Considering the previously formed a “Double Bottom”, bulls are likely going to move on. In this case, we...

Key option levels for Monday, November 7th 11/7/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 210 051 ? + 209 772 ? Closest resistance levels 1.1142; 1.1163; 1.1183/97; 1.1214 Closest support levels 1.1059...

USD/JPY: morning jump into the Cloud 11/7/2016 Technical levels: support – 104.00, 103.70; resistance – 104.70/90. Trade recommendations: 1. Sell — 104.70; SL — 104.90; TP1 — 104.00; TP2 — 103.70. Reason: bearish Ichimoku Cloud, but rising Senkou Span A; dead cross of Tenkan-sen and...

GBP/USD: returning to Senkou Span B 11/7/2016 Technical levels: support – 1.2400; resistance – 1.2490, 1.2520/40. Trade recommendations: 1. Buy — 1.2400; SL — 1.2380; TP1 — 1.2490; TP2 — 1.2540. Reason: bullish Ichimoku Cloud, rising Senkou Span A; golden cross of Tenkan-sen and Kijun-sen...

EUR/USD: on the Clouds support 11/7/2016 Technical levels: support – 1.1050, 1.1030; resistance – 1.1090, 1.1140. Trade recommendations: 1. Buy — 1.1030; SL — 1.1010; TP1 — 1.1090; TP2 – 1.1140. Reason: golden cross of Tenkan-sen and Kijun-sen; bullish character of Ichimoku Cloud, Senkou...

Morning brief for November 7, 2016 11/7/2016 EUR/USD fell below the 1.1100 level. The FBI said on Sunday that criminal charges were withdrawn against Clinton, defusing tensions over the presidential race two days before the U.S. election. Later today there will be Eurogroup meetings. European...

GBP/USD: pound is ready for correction 11/7/2016 On the GBP/USD daily chart, "bulls" managed to test the upper boundary of the 1,211-1,232 consolidation range. Quotes returned to the target 161.8% in the AB = CD pattern (1,248), but failed to consolidate above this level.Successful test of the...

AUD/USD: bears won't give up without battle 11/7/2016 On the AUD/USD daily chart, prices tested the neckline, but failed to move further towards the target 161.8% in the AB = CD pattern (0,7845). To regain momentum, bulls should attack the resistance at 0.7715. There is the upper boundary of...