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USD/JPY & US Q3 GDP: A top is already placed? 10/28/2016 Today at 12:30 GMT will be released the US GDP Q3 and according to the market’s consensus, we could expect an increase to 2.5% from 1.4%. With the recent hopes fo a possible rate hike by the Fed in December’s meeting, it will be...

EUR/USD: "Tower" prevented further decline 10/27/2016 There’re a “Tweezers” and an “Engulfing”, which both have been confirmed enough. Also, the 21 Moving Average acted as a resistance. If this line be broken, bulls are likely going to achieve the 55 Moving Average. As we can see on the Daily...

EUR/CHF reversed from support zone 10/27/2016 EUR/CHF reversed from support zone Next buy target - 1.0900 EUR/CHF recently reversed up from the support zone lying between the support level 1.0800 (which has been reversing the price from the start of July), lower daily Bollinger Band and the 50%...

AUD/NZD reversed from resistance zone 10/27/2016 AUD/NZD reversed from resistance zone Next sell target - 1.0600 AUD/NZD recently reversed down from the resistance zone lying between the pivotal resistance level 1.0740 (which has reversed the price multiple times from May), upper daily...

Stock market and US earnings season 10/27/2016 There is an earning season in the US, the period of time when many large companies release their quarterly earnings reports. This is a very attractive time for trading as the market experiences a lot of movements and immediately reacts to the new...

Key option levels for Thursday, October 27th 19/27/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 92 347 ? + 15 637 ? Closest resistance levels 1.0946; 1.0973; 1.0997; 1.1028 Closest support levels 1.0903...

GBP/USD: another pullback from Moving Average 10/27/2016 The price faced a support at 1.2089, so we’ve got a consolidation. Also, there’s a “Pennant” pattern. In this case, the market is likely going to decline towards a support at 1.2089. If this level be broken, bears will be absolutely...

EUR/USD: "Double Top" stopped upward correction 10/27/2016 We’ve got a “Double Bottom” pattern, which has been confirmed, so the price is consolidating under a resistance at 1.0951. Therefore, bears are likely going to test the nearest support at 1.0873. If a pullback from this level happens...

Morning brief for October 27, 2016 10/27/2016 USD/JPY has risen since yesterday having reached the 104.468 mark. Earlier today we heard Bank of Japan Governor H. Kuroda speaking. He claimed that BOJ is not going to change the present -0.1% interest rate and its zero percent 10-year government...

USD/JPY: on support of Tenkan 10/27/2016 Technical levels: support – 104.40, 104.20, 103.70; resistance – 105.20, 105.70. Trade recommendations: 1. Buy — 104.50; SL — 104.30; TP1 — 105.20; TP2 — 105.70. Reason: bullish Ichimoku Cloud and rising Senkou Span A and B; golden cross of Tenkan-sen...

AUD/USD: bears attacked Senkou Span B 10/27/2016 Technical levels: support – 0.7620, 0.7600; resistance – 0.7650, 0.7680. Trade recommendations: 1. Buy — 0.7640; SL — 0.7620; TP1 — 0.7710; TP2 — 0.7760. 2. Sell — 0.7620; SL — 0.7640; TP1 — 0.7560; TP2 — 0.7520. Reason: bullish Ichimoku...

GBP/USD: prices still below Senkou Span A 10/27/2016 Technical levels: support – 1.2170, 1.2200; resistance – 1.2230/50. Trade recommendations: 1. Sell — 1.2230; SL — 1.2250; TP1 — 1.2130; TP2 — 1.2100. 2. Buy — 1.2260; SL — 1.2240; TP1 — 1.2330; TP2 — 1.2360. Reason: bearish Ichimoku Cloud...

USD/CHF: franc is scared of uncertainty 10/27/2016 On the USD/CHF daily chart, the formation of the doji and two pin bars indicates uncertainty. The buyer has indicated its presence at the level of 0.9905, sellers were able to defend their position near the mark of 0,996. Target 127.2% in the...

AUD/USD: bulls showed a slack 10/27/2016 On the AUD/USD daily chart, after the 0.769 target on long positions was fulfilled, there was a sharp collapse in prices. A pin bar pattern has been formed. The successful test of its low can cause Aussie to fall further down the lower boundary of the...

GBP/USD ahead of UK GDP Q3: Time to unleash the bears? 10/27/2016 Today starting at 08:30 GMT we’ll see a series of data releases from the United Kingdom, as we could see a more clear view about the Brexit impact in the national economy. Preliminary GDP, which gauges the gross demand product in...

Oil prices lost their footing at $50 per barrel 10/26/2016 Oil prices dropped today as American Petroleum Institute (API) data released yesterday showed that the US crude inventories rose by 4.8 million barrels. Official Energy Information Administration (EIA) data is going to be published...

USD/JPY: "Engulfing" stopped bulls 10/26/2016 We’ve got an “Engulfing” pattern at the local high, so the price is declining. In this case, bears are likely going to reach the 34 Moving Average in the short term. As we can see on the Daily chart, here’s a “Shooting Star”, but this pattern...

Goldman Sachs is bearish on GBP 10/26/2016 The pound dropped a 31-year low against the greenback in October. According to Goldman Sachs, sterling has further room for depreciation. You will probably ask why. There are several reasons: The UK currency is still overvalued by around 10 % despite...

EUR/USD: "Inverted Hammer" resulted in a correction 10/26/2016 We’ve got a “Tweezers” and an “Engulfing” at the local low, which both have been confirmed enough. If a pullback from the 21 Moving Average happens, there’ll be an opportunity to have a local downward correction. However, bulls...

Key option levels for Wednesday, October 26th 10/26/2016 USD/JPY Main trend Short-term period Medium-term period Neutral Neutral Changes in the open interest - 341 ? + 215 ? Closest resistance levels 104.13; 104.38; 104.56; 104.81 Closest support levels 103.90; 103.64...