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USD/JPY: on the Cloud support 10/19/2016 Technical levels: support – 103.70; resistance – 104.20, 104.60, 105.20. Trade recommendations: 1. Buy — 103.80; SL — 103.60; TP1 — 104.60; TP2 — 105.20. Reason: a bullish Ichimoku Cloud, but Senkou Span A is falling down; an untypical golden cross of...

GBP/USD: pound is tired of moving southwards 10/19/2016 On the GBP/USD daily chart, quotes came closer to the upper boundary of the consolidation range 1,2109-1,2317. Successful test of resistance line will create prerequisites for the continuation of the rally towards 1,248 and 1,285. On...

USD/CAD: "bulls" are going to counterattack 10/19/2016 On the USD/CAD daily chart, "bulls" failed to keep the quotes above resistance at 1.3306, it has become a signal of their weakness. "Bears" pulled down the pair to the lower boundary of the rising trade channel. Here the "bulls" may launch...

USD/CAD ahead of BoC's interest rate decision: Re-taking the bullish bias? 10/19/2016 Today at 14:00 GMT will be published the Bank of Canada’s interest rate decision, where the central bank is expected to leave unchanged its benchmark rate at 0.5%, as the analysts are waiting for no changes...

EUR/USD & CPI (YoY): A bottom in the Euro is already placed? 10/17/2016 Today at 09:00 GMT will be released the CPI for September on a yearly basis for Europe and it seems that the reading will remain unchanged for this time and this week, we’ll have some action from the ECB, as their interest...

EUR/USD: diagonal triangle 10/17/2016 There’s a bearish impulse in wave , which is taking place on the four-hours chart. It’s likely that wave (v) is going to be continued in the short term. If a pullback from 3/8 Murrey Math Level (P=200) happens, there’ll be an opportunity to have a bullish...

GBP/USD: "Pennant" pushing market lower 10/17/2016 The price is consolidating along a level at 1.2226. Also, there’s a “Pennant” pattern, so bears are likely going to push the market even lower towards the next support area at 1.2089 – 1.1726 until any bullish pattern arrives. So, if we see a...

EUR/USD: price going to test Moving Averages 10/17/2016 The price faced a support at 1.0978, which led to form a “V-Bottom” pattern, so there’s a local upward correction in progress. In this case, the market is likely going to reach a resistance at 1.1032 – 1.1045 in the short term. If a...

USD/CHF: bears are dreaming of a correction 10/17/2016 On the USD/CHF daily chart, "bulls" fulfilled two targets that had been set earlier. In accordance with the principles of "Shark" patterning, if the 113% level is reached, the risk of correction towards 38,2%-50% from the CD wave increases...

USD/JPY: bulls are going to have a break 10/17/2016 On the USD/JPY daily chart, there is a consolidation in the range of 103,5-104,5 (the levels 38,2-50% of XA wave). Breakout of its upper boundary will increase the probability of achieving the target 78.6% for the Gartley pattern (105.9). On...

EUR/USD & CPI (YoY): A bottom in the Euro is already placed? 10/17/2016 Today at 09:00 GMT will be released the CPI for September on a yearly basis for Europe and it seems that the reading will remain unchanged for this time and this week, we’ll have some action from the ECB, as their interest...

USD/JPY: outlook for October 17-21 10/14/2016 USD/JPY tested the highest levels since the end of July. All in all, US dollar rose because of its general strength on increased expectations that the Federal Reserve will raise interest rates in December. The pair did NOT have any significant...

GBP/USD: outlook for October 17-21 10/14/2016 In line with expectations, British pound remained under pressure versus the greenback. British currency hit a record low against an index of trade-weighted currencies on Tuesday and government borrowing costs have jumped in recent weeks. The market...

EUR/USD: outlook for October 17-21 10/14/2016 EUR/USD has finally left 1.11/1.13 trading range and fell to test levels below 1.1000. The single currency ignored euro zone’s data releases, which turned out to be quite positive: German and the region’s ZEW economic sentiment improved, and the...

NZD/USD outlook for October 17-21 10/14/2016 NZD/USD experienced considerable drop having reached the 0.703 mark this week as US dollar was appreciating in value on the hawkish tone of the FOMC minutes. On Wednesday, the market found out a great share of disagreement among the Fed’s members...

US dollar: outlook for October 17-21 10/14/2016 It was another bullish week for the US currency. US dollar index, which tracks the dynamics of the greenback against 6 currencies of America’s trading partners, rose above July highs in the 97.60 area. A close above this level will open the way...

USD/JPY: bulls going to break "Window" 10/14/2016 The 21 & 13 Moving Averages have acted as a support, so bulls are likely going to break the upper “Window”. If we see a pullback from the nearest resistance level, there’ll be a chance to have a downward correction. As we can see on the Daily...

EUR/USD: "Doji" on Moving Average 10/14/2016 There’s an “Engulfing” pattern at the last low, but a bearish “Harami” arrived afterwards, so the price is likely going to test the nearest support once again. As we can see on the Daily chart, here’s another “Engulfing”, but it hasn’t been...

GBP/AUD falling inside minor impulse wave 10/14/2016 GBP/AUD falling inside minor impulse wave Next sell target - 1.6500 GBP/AUD continues to fall inside the minor impulse wave 3, which previously broke through the two consecutive support levels: 1.6730 (previous sell target set in our earlier...

AUD/JPY broke sideways price range 10/14/2016 AUD/JPY broke sideways price range Next buy targets - 80.00 and 81.00 AUD/JPY today broke above the resistance level 78.70 (former upper boundary of the sideways price range inside which the pair has been trading from the start of August). The lower...