Search results

EUR/USD: bears going to reach support 10/12/2016 There’s a “Double Top” pattern, which has been confirmed, so the price is declining. The main intraday target is the nearest support at 1.1011. If a pullback from this level happens, there’ll be an opportunity to have an upward correction in...

Gold decided to take a day off 10/12/2016 On the daily chart of gold, price reached the target 200% in the AB = CD pattern. A breakout of the support line at $1,250 will open the way towards the $1220 (Target 88.6% in the "Bat" pattern) and $1210 (50% Fibonacci retracement level of the last...

NZD/USD: bears faced with a barrier 10/12/2016 On the NZD/USD daily chart, the "Head and shoulders" pattern has been formed. As a result, the quotes came closer to the lower boundary of the rising trade channel and almost reached the target 88.6% in the "Shark" pattern. "Bears" will have to try...

EUR/USD ahead of FOMC Minutes: Testing a key trendline's support 10/12/2016 Today at 18:00 GMT will be released the minutes from the most recent Federal Reserve’s interest rate decision, where Janet Yellen gave some hints that there are higher chances to see a rate hike and market’s analysts...

Powder and shot from FX Bazooka: “The third candle” strategy 10/11/2016 As you know, three is a magic number, so there is a forex strategy named “The third candle” that proved to be rather efficient. We suggest you learn it and add to your ammunition to earn more money while trading. The...

USD/JPY: "Engulfing" points to coming correction 10/11/2016 We’ve got a “High Wave” and an “Engulfing”, which both led to the current upward price movement. However, if bulls be stopped by the upper “Window”, there’ll be an opportunity to see a downward correction. There’s an “Engulfing”...

EUR/USD: "Window" going to act as support 10/11/2016 The price has been falling down since a “Two Crows” pattern was formed at the local high. So, bears are likely going to reach the lower “Window” in the short term. As we can see on the Daily chart, there isn’t any reversal pattern, so the...

Sterling’s depreciation: who will lose? 10/11/2016 The currency depreciation after Theresa May kicked off Brexit has left pound hovering around its 30-year low. Many traders rub their hands and cash in on the pound’s tremendous slump. Millions of travelers have flooded the country aspiring to...

EUR/GBP reached buy targets 0.8900 and 0.9000 10/11/2016 EUR/GBP reached buy targets 0.8900 and 0.9000 Next buy target 0.9200 EUR/GBP continues to rise after the price earlier broke through the two consecutive resistance levels 0.8900 and 0.9000 - both of which were set as the buy targets in...

GBP/CAD falling inside minor impulse wave 10/11/2016 GBP/CAD falling inside minor impulse wave Next sell targets - 1.6000 and 1.5780 GBP/CAD has been falling in the last few trading sessions inside the minor impulse wave 3, which belongs to the intermediate impulse wave (3) of the extended...

EUR/USD: bulls ready to deliver wave E 10/11/2016 Wave D is taking form of a double zigzag. Previously, a triangle has been formed in wave [x]. Therefore, it’s likely that wave (c) of [y] is going to end soon, so there’s an opportunity to have wave E of (Y) afterwards. As we can see on the...

USD/JPY: a new upsurge? Let’s ask banks 10/11/2016 There is a steady bullish trend on the technical chart of USD/JPY currency pair. Yesterday yen showed a rather tepid reaction to better than expected trade balance figures. The data showed that the nation exported more goods abroad than it...

GBP/USD: consolidation going to move on 10/11/2016 The price is consolidating. So, bears are likely going to achieve the nearest support at 1.2226 in the short term. Meanwhile, if we see a pullback from this level, there’ll be an opportunity to have an achievement of the closest resistance at...

EUR/USD: bears going to deliver new low 10/11/2016 The price faced a resistance at 1.1196, which led to form a “Double Top” pattern. Therefore, the market is likely going to reach a support at 1.1113 – 1.1093 in the short term. If a pullback from this area happens, there’ll be an opportunity...

Key option levels for Tuesday, October 11th 10/11/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 1 723 ? + 15 011 ? Closest resistance levels 1.1199; 1.1226; 1.1245; 1.1269 Closest support levels 1.1120...

EUR/USD: the Bulls have won 10/11/2016 Technical levels: support – 1.1130; resistance – 1.1170. Trade recommendations: 1. Sell — 1.1160; SL — 1.1180; TP1 — 1.1100; TP2 – 1.1070. Reason: a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; bearish character of...

USD/JPY: on the September highs 10/11/2016 Technical levels: support – 103.50; resistance – 104.00. Trade recommendations: 1. Buy — 103.50; SL — 103.30; TP1 — 104.00; TP2 — 104.60. Reason: a bullish Ichimoku Cloud and rising Senkou Span A; an irregular deadcross of Tenkan-sen and Kijun-sen...

EUR/USD: bulls set a trap 10/11/2016 On the EUR/USD daily chart, there was another test of the lower boundary of the triangle. If "bears" manage to attack the support, the quotes may fall down to the 1.1055 (target 127.2% of the pattern AB = CD), 1,104 (78.6% Fibonacci retracement level of XA...

USD/JPY: bears admit their defeat 10/11/2016 On the USD/JPY daily chart, "bears" continue to dominate the market and fullfil the target we defined for them earlier (see here). A breakout of resistance line at 104.45 (61.8% Fibonacci retracement level of the wave XA) may activate the target...

USD/CAD & Oil prices w/ Housing Starts: More weakness for the Loonie? 10/11/2016 Canadian Dollar started the week with very volatile moves because of recent OPEC developments and statement by Russian President, Vladimir Putin. Now it’s being favoured by the market sentiment and helped to push...