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USD/JPY: bulls wants to continue uptrend 11/1/2016 Technical levels: support – 104.80; resistance – 105.20, 105.70. Trade recommendations: 1. Buy — 105.00; SL — 104.80; TP1 — 105.70; TP2 — 106.10. Reason: bullish Ichimoku Cloud and rising Senkou Span B; golden cross of Tenkan-sen and...

AUD/USD: unexpected start of bulls 11/1/2016 Technical levels: support – 0.7620, 0.7650; resistance – 0.7680. Trade recommendations: 1. Buy — 0.7650; SL — 0.7630; TP1 — 0.7710; TP2 — 0.7740. Reason: narrowing bearish Ichimoku Cloud; dead cross of Tenkan-sen and Kijun-sen, but the narrowing...

EUR/USD: going to Senkou Span B 11/1/2016 Technical levels: support – 1.0970; resistance – 1.1000, 1.1040. Trade recommendations: 1. Buy — 1.0970; SL — 1.0950; TP1 — 1.1040; TP2 – 1.1060. Reason: golden cross of the rising Tenkan-sen and Kijun-sen; bearish character of Ichimoku Cloud, but...

Key option levels for Tuesday, November 1st 11/1/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 114 184 ? + 49 619 ? Closest resistance levels 1.1000; 1.1037; 1.1070; 1.1111 Closest support levels 1.0950...

US dollar: outlook for Oct. 31 - Nov. 1 10/28/2016 US dollar index consolidated around 98.70. The currency gained, though bullish momentum has somewhat declined. The market expects the US Federal Reserve to raise interest rates in December. According to CME, futures market sees about 70%...

GBP/USD: outlook for Oct. 31 - Nov. 4 10/28/2016 GBP/USD remained under pressure during the past week. British economic growth in Q3 exceeded expectations of 0.3% as it came out at 0.5%. The fact that the pound declined despite better-than-expected growth figures highlights how much the market...

EUR/USD: double zigzag in wave [ii] 10/28/2016 It seems like wave (v) inside wave was extended. So, there’s an opportunity to have wave [ii] in the short term. If we see a pullback from 4/8 Murrey Math Level (P=200), bears are likely going to deliver just another downward impulse. As we...

EUR/GBP reversed from support zone 10/28/2016 EUR/GBP reversed from support zone Next buy target - 0.9100 EUR/GBP continues to rise inside the (b)-wave of the active minor ABC correction 2 from the start of this month. The active (b)-wave started earlier – when the pair reversed up from the...

GBP/CHF reversed from resistance zone 10/28/2016 GBP/CHF reversed from resistance zone Next sell target - 1.2000 GBP/CHF recently reversed down from the resistance zone lying at the intersection of the resistance level 1.2200 (top of the earlier minor correction (a)), 38.2% Fibonacci correction...

USD/JPY: outlook for Oct. 31 - Nov. 4 10/28/2016 USD/JPY has risen significantly this week having reached the 105.4 from 103.8. This can be referred to the US dollar strengthening on the anticipation of a rate hike in December. Yesterday we got a package of inflation data from Japan. Japan’s...

USD/JPY: Moving Average going to act as support 10/28/2016 The last “Three Methods” pattern has done a great job, cause the price is still rising. Moreover, there’s an opportunity to have another “Three Methods”. If this pattern confirms, bulls are likely going to reach the nearest resistance...

EUR/USD: bulls going to break local high 10/28/2016 We’ve got a “High Wave” pattern, which has been confirmed enough. So, the price is likely going to reach the 55 Moving Average in the short term. As we can see on the Daily chart, there’re a “Doji” and a “High Wave” patterns, which both have...

AUD/USD weekly outlook for Oct.31-Nov.4 10/28/2016 AUD/USD spearheaded on Wednesday having reached the 0.7708 resistance line as the inflation data went ahead of expectations. Consumer prices rose 0.7% in the last quarter followed by a moderate rise of 0.4% in June. The quarterly increase could...

GBP/USD: "Triple Top" stopped bulls 10/28/2016 The last “Pennant” has been broken, so the price meet with a support at 1.2135. The next target is a support at 1.2089. If this level turns out to be broken, the market is going to continue falling down until any reversal pattern arrives...

EUR/USD: bearish "Pennant" 10/28/2016 There’s a “Double Top” pattern, which has been confirmed. So, the price achieved a support at 1.0873, which led to the current consolidation. Therefore, the market is likely going to reach the next support at 1.0847 in the short term. If this level be...

AUD/USD: trades moved to negative area 10/28/2016 Technical levels: support – 0.7580, 0.7520; resistance – 0.7610. Trade recommendations: 1. Sell — 0.7580; SL — 0.7600; TP1 — 0.7520; TP2 — 0.7500. Reason: narrowing bullish Ichimoku Cloud; new dead cross of Tenkan-sen and Kijun-sen; the...

GBP/USD: bears get a chance 10/28/2016 Technical levels: support – 1.2160; resistance – 1.2200. Trade recommendations: 1. Sell — 1.2250; SL — 1.2270; TP1 — 1.2130; TP2 — 1.2100. Reason: bearish Ichimoku Cloud and falling Senkou Span A and B; golden cross of Tenkan-sen and Kijun-sen but the...

Morning brief for October 28, 2016 10/28/2016 The dollar Index changed a little having risen about 0.2% as smooth US data including unemployment claims, pending home sales and manufacturing activity increased chances for an interest rate hike in December. Data on Thursday showed that U.S...

EUR/USD: bears are going to attack 10/28/2016 On the EUR/USD daily chart, "bears" are keeping the market under control. They are going to fulfill targets127.2% (1.0836) and 161.8% (1.0692) of the "Crab" pattern. However, the breakout of the resistance at 1,095-1,096 could lead to the correction...

NZD/USD: kiwi came closer to the Rubicon 10/28/2016 On the NZD/USD daily chart, quotes returned to the lower boundary of the long-term upward trade channel. Breakout of the support will lead to the correction in the direction of 0.7 and lower. In contrast, a rebound followed by activation of...