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Key option levels for Thursday, October 20th 10/20/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 81 420 ? + 205 883 ? Closest resistance levels 1.1030; 1.1047; 1.1070; 1.1098 Closest support levels 1.0974(?)...

GBP/USD: trading in the Cloud 10/20/2016 Technical levels: support – 1.2230, 1.2260; resistance – 1.2330, 1.2400. Trade recommendations: 1. Buy — 1.2260; SL — 1.2240; TP1 — 1.2330; TP2 — 1.2400. 2. Buy — 1.2230; SL — 1.2210; TP1 — 1.2330; TP2 — 1.2400. Reason: the prices are inside a Cloud...

EUR/USD: two "Flags" in a row 10/20/2016 There’s a consolidation, which is taking place under the nearest resistance at 1.1032. So, the market is likely going to decline towards a support at 1.0911. If a pullback from this level happens, there’ll be an opportunity to have an upward movement...

AUD/USD reversed from resistance level 0.7720 10/20/2016 AUD/USD reversed from resistance level 0.7720 Next sell target - 0.7600 AUD/USD today reversed down sharply from the resistance level 0.7720, which is the lower border of the strong resistance zone which has been...

GBP/USD: resistance by Moving Average 10/20/2016 The price faced a resistance at 1.2323, which led to the current consolidation. Therefore, the market is likely going to decline towards a support at 1.2226 – 1.2089 in the short term. At the same time, if a pullback from this area be on the...

USD/JPY: on the bearish pressure 10/20/2016 Technical levels: support – 103.50, 103.05/10; resistance – 103.80, 104.20. Trade recommendations: 1. Buy — 103.50; SL — 103.30; TP1 — 104.60; TP2 — 105.20. Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a dead...

AUD/USD: testing the September highs 10/20/2016 Technical levels: support – 0.7670, 0.7640, 0.7620; resistance – 0.7730. Trade recommendations: 1. Buy — 0.7640; SL — 0.7620; TP1 — 0.7730; TP2 — 0.7780. Reason: bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen; the rising...

EUR/USD: euro is losing firm ground 10/20/2016 On the daily EUR/USD chart the bearish trend is resuming. This conclusion may be drawn from the fact that the pair returned to the previous descending channel. The attempts of the bulls to launch a counterattack have failed. The break of support at...

AUD/USD: bulls retreat, but don't give up 10/20/2016 On the daily chart AUD/USD reached 0.7710 target of the long positions. The bulls failed to move higher because of the bears' counterattack. Never the less, if Aussie manages to settle above 0.7690, this may be regarded as the retest of the...

EUR/USD & ECB's interest rate decision: Will Draghi provide some hints on further QE "tapering"? 10/20/2016 Today at 11:45 GMT we’ll have the ECB’s interest rate decision, where is highly expected to see that officials will leave unchanged its policies and rates will stay on hold. During the...

EUR/USD: bears ready to deliver new low 10/19/2016 We’ve got a “Tower” on the 13 Moving Average, but this pattern hasn’t been confirmed yet. Therefore, the price is likely going to test the 13 Moving Average once again in the short term. If a pullback from this line happens, there’ll be an...

USD/JPY: yen is gathering momentum 10/19/2016 USD/JPY experienced some losses in the course of today’s trading session. Now the pair is hovering around the 103.3 level. The recent yen’s appreciation has occurred due to several reasons: 1. On Monday we got disappointing release of US...

EUR/USD: wave [ii] going to end 10/19/2016 We’ve got an ended impulse in wave . The price couldn’t find a lodgement under 4/8 Murrey Math Level (P=200), so we’ve got wave [ii], which is likely going to be continued in the short term. If a pullback from 5/8 MM Level happens afterwards...

EUR/USD into the ECB 10/19/2016 EUR/USD failed to close above 1.1000 on Tuesday, although the US dollar was weakened by lower core CPI. According to CME, the odds that the Fed will raise interest rate in December declined from 64% to 60%. Tomorrow’s meeting of the European Central Bank...

Tips on trading NZD from Westpac 10/19/2016 Westpac turns off from the beaten trail and suggests to trade NZD/CHF instead of NZD/USD. The kiwi may appreciate in near-term as overall economic activity remains strong across all sectors in New Zealand. Confidence among businesses and consumers...

Key option levels for Wednesday, October 19th 10/19/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 68 950 ? + 286 946 ? Closest resistance levels 1.1011; 1.1040/56; 1.1077; 1.1103 Closest support levels 1.0991...

GBP/USD: consolidation going to move on 10/19/2016 The price faced a resistance at 1.2323, which led to the current consolidation. Therefore, the market is likely going to get a support at 1.2226 – 1.2089. If we see a pullback from this area, bulls will probably try to catch a resistance at...

EUR/USD: "Flag" points to new local low 10/19/2016 There’s a local consolidation, which is taking place under the nearest resistance at 1.1032. So, the price is likely going to test a support at 1.0951 in the short term. If a pullback from this level happens, there’ll be an opportunity to...

Morning brief for October 19 10/19/2016 Aussie and especially Kiwi did their best in the course of the last trading sessions. Despite the fact that dairy auction results fell short of expectations, kiwi experienced a significant upsurge. It managed to test the resistance above 0.7225 and...

GBP/USD: correction may continue 10/19/2016 Technical levels: support – 1.2230; resistance – 1.2330, 1.2400. Trade recommendations: 1. Buy — 1.2230; SL — 1.2210; TP1 — 1.2330; TP2 — 1.2400. Reason: the prices are inside a Cloud; a bearish Ichimoku Cloud and rising Senkou Span A; Tenkan-sen...