Search results

Key option levels for Tuesday, October 25th 10/25/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 112 834 ? - 8 530 ? Closest resistance levels 1.0917; 1.0941; 1.0961; 1.0988 Closest support levels 1.0863...

Morning brief for October 25, 2016 10/25/2016 CAD was the mover of the last trading session having dropped after Bank Canada Governor Stephen Poloz announced that the bank is going to keep rates on hold for another 18 months. Then, Canadian dollar rebounded from its seventh-month low (1.3280)...

GBP/USD: pound stayed too long in the consolidation zone 10/25/2016 On the GBP/USD daily chart, the quotes continue to stay in the consolidation zone at 1.2109 - 1.2317. Its boundaries correspond to the targets 224% of the "Deep-water crab" pattern and AB=CD pattern. Breakout of the resistance...

EUR/USD: bears took a break 10/25/2016 On the EUR/USD daily chart, quotes failed to fulfill the target at 1,084 on short positions. The euro got into the convergence zone located within 1,0836-1,0896 levels. Its boundaries correspond to the Targets 113% and 127.2% of the "Crab" pattern. If...

USD/JPY: bulls have won 10/25/2016 Technical levels: support – 104.20, 104.00; resistance – 105.20, 105.70. Trade recommendations: 1. Buy — 104.20; SL — 104.00; TP1 — 105.20; TP2 — 105.70. Reason: a bullish Ichimoku Cloud and rising lines Senkou Span A and B; a golden cross of Tenkan-sen and...

AUD/USD: volatility in a Cloud 10/25/2016 Technical levels: support – 0.7610; resistance – 0.7670. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7710. Reason: bullish Ichimoku Cloud; a correctional dead cross of Tenkan-sen and Kijun-sen; a strong support of a...

GBP/USD: bears are not active 10/25/2016 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 and...

GBP/USD ahead of BoE's Carney speech: Coming up next, dovish words? 10/25/2016 Today at 14:35 GMT we expect a speech from the Bank of England’s Governor Mark Carney, as he’ll testify at the House of Lords Economic Affairs Committee in London, United Kingdom. Because of the overall Sterling’s...

Forecasts for EUR/USD from CITI bank 10/21/2016 CITI is short EUR/USD from 1.1080 with target at 1.0525. The bank traced the formation of the Head and shoulders” pattern on the EUR/USD daily timeframe indicating a possible downfall in the upcoming days. The first major support is located in...

GBP/USD: angry bears ready to move on 10/21/2016 There’s a consolidation, which is taking place under the closest resistance at 1.2323. So, bears are likely going to achieve a support at 1.2226 – 1.2089 in the short term. Meanwhile, if we see a pullback from these levels, bulls will have an...

EUR/USD: time for correction 10/21/2016 The last consolidation was finally ended the yesterday’s bearish rally. The price faced a support at 1.0896, but the market is likely going to reach the next support at 1.0847. If a pullback from this level happens, there’ll be an opportunity to have a...

Morning brief for October 21 10/21/2016 Euro fell down the 1.0892 level as the ECB left its ultra-loose monetary policy unchanged on Thursday, but kept the door wide open for the more stimulus to boost staggering Eurozone economic growth. The ECB president Mario Draghi doused the recent paper...

USD/JPY: bears are setting a trap 10/21/2016 On the USD/JPY daily chart, "bulls" are trying to regain the initiative in their hands. If there is a test of the resistance line located at 104.45, it could open the way towards the target 78.6% (105.8) in the "Hartley" inverted pattern. The support...

USD/CHF: bulls brought the situation under control 10/21/2016 On the USD/CHF daily chart, quotes move towards target 127.2% located at 1,007 in the "Ideal butterfly" inverted pattern. The "bulls" managed to push quotes out of the consolidation range of 0,985-0,992. If there is a retest of the...

30 Pips A Day Forex Trading Strategy 10/20/2016 Today I am going to tell you a story of a guy named Fred who managed to earn $1,000,000 with just 40 trades. Very impressive, I agree. Here is one of the strategies he suggests. It’s called a 30 pips a day forex trading strategy. You know that...

Oil prices down again 10/20/2016 Oil prices were rising during the last consecutive trading sessions. Energy Information Administration figures released on Wednesday were in line with expectations. The EIA’s data showed a significant decrease in the US crude inventories by almost 469 mln...

Recap on the BOC rate statement + forecast for USD/CAD 10/20/2016 Yesterday the Bank of Canada announced that it holds rate at 0.5%. Governor Stephen Poloz in his speech delivered later that day noted that the board discussed the possibility of adding stimulus to the staggering economy, but...

EUR/USD: diagonal triangle 10/20/2016 Wave is likely going to end soon, because we’ve got a diagonal triangle in wave (v). So, there’s an opportunity to have wave [ii] in the short term. The main intraday target is 5/8 Murrey Math Level (P=200). As we can see on the one-hour chart, wave...

USD/JPY: "High Wave" led to bullish correction 10/20/2016 We’ve got a “Belt Hold” at the local low, which has been confirmed, so the market is likely going to reach the nearest “Window” in the short term. As we can see on the Daily chart, there’s a resistance by the upper “Window”. Also...

EUR/USD: correction started 10/20/2016 The price has been falling down since an “Engulfing” was formed at the local high. However, we’ve got a “Doji” and an “Inverted Hammer” at the last low, but these patterns haven’t been confirmed yet. So, the market is likely going to test the nearest...