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AUD/USD outlook for October 17 -21 10/14/2016 The pair experienced some swings this week. The USD was a main mover as the September’s FOMC minutes was in the spotlight, while the Australian domestic calendar was relatively quiet. Some changes in the AUD/USD were caused by economics data that...

EUR/USD: zigzag in wave (iv) going to move on 10/14/2016 Bears are developing an impulse in wave on the four-hours chart. However, we’ve got a pullback from 4/8 Murrey Math Level (P=200), so wave (iv) has been started. In this case, the current correction is likely going to be continued...

GBP/USD: pullback from Moving Average 10/14/2016 The price is consolidating along the nearest level at 1.2226. Therefore, the market is likely going to achieve a support at 1.2089. If any bullish pattern arrives afterwards, there’ll be an opportunity to see an upward movement in the direction...

Key option levels for Friday, October 14th 10/14/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 42 045 ? + 71 223 ? Closest resistance levels 1.1111; 1.1136; 1.1154; 1.1176 Closest support levels 1.1030...

EUR/USD: bears going to test support once again 10/14/2016 The price faced a support at 1.0978, which led to form a “Thorn” pattern. However, the market is likely going to reach the next support at 1.0984. If a pullback from this level happens, there’ll be an opportunity to have an upward...

USD/JPY: the Bulls are continued the buying 10/14/2016 Technical levels: support – 103.70; resistance – 104.20, 104.60, 105.20. Trade recommendations: 1. Buy — 104.00; SL — 103.80; TP1 — 104.60; TP2 — 105.20. Reason: a bullish Ichimoku Cloud; a gold cross of Tenkan-sen and Kijun-sen; the...

AUD/USD: return to the Cloud 10/14/2016 Technical levels: support – 0.7570, 0.7540; resistance – 0.7590, 0.7610. Trade recommendations: 1. Buy — 0.7580; SL — 0.7560; TP1 — 0.7640; TP2 — 0.7590. 2. Sell — 0.7550; SL — 0.7570; TP1 — 0.7300; TP2 — 0.7670. Reason: a dead cross of Tenkan-sen and...

GBP/USD: downtrend may continue 10/14/2016 Technical levels: support – 1.2190; resistance – 1.2240/60. Trade recommendations: 1. Sell — 1.2170; SL — 1.2190; TP1 — 1.2100; TP2 — 1.2030. Reason: a dead cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud; falling lines of the Indicator...

EUR/USD: bears showed weakness 10/14/2016 On the EUR/USD daily chart, quotes returned to the boundary of the descending trade channel, it shows that the "bearish" trend has been restored. To win back "bulls" will need to break out the resistance line at 1.1065. If they fail to do so, the "Bat"...

AUD/USD: Aussie is wandering in trade channels 10/14/2016 On the AUD/USD daily chart, Target 0.7525 has been fulfilled. Quotes rebounded from the lower boundaries of the long-term upward and short-term downward trade channels. Successful retest of the support line at 0.7521 might cause the...

USD/JPY ahead of US Retail Sales: Opportunity to buy the dips? 10/14/2016 Today at 12:30 GMT we’ll have a key economic indicator from the United States, as the Retail Sales could bring some volatility to the markets, before the American session’s opening. Remind that August’s data came as...

AUD/CHF reversed from resistance level 0.7500 10/13/2016 AUD/CHF reversed from resistance level 0.7500 Next sell target - 0.7400 AUD/CHF recently reversed down from the resistance level 0.7500, which is the lower boundary of the powerful resistance zone which has been reversing the price from...

EUR/USD downfall and recent revival 10/13/2016 The EUR/USD currency pair has been falling precipitously for three days in a row, but failed to break out the 1.10 support line. The USD was the main mover of the pair since there were no news from the Eurozone and dormant European Central Bank...

USD/JPY: pullback from upper "Window" 10/13/2016 There’s an “Engulfing” pattern, but it hasn’t been confirmed yet. In this case, the price is likely going to decline towards the 34 Moving Average. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can...

How to build your own trading strategy 10/13/2016 Many people believe that markets are random, so they prefer to trade on a hunch entirely relying on their gut feelings. They might be right; sometimes it is possible to scoop a big profit moon walking down the Wall Street, but this approach is...

EUR/USD: "Window" going to act as resistance 10/13/2016 There’s a bearish rally on the way, but we’ve got an “Engulfing” pattern at the last low. So, the price is likely going to reach the nearest resistance line in the short term. If a pullback from this level be on the table, there’ll be an...

Views of the major banks on the FOMC minutes 10/13/2016 Salvador Dali "The Persistence of Memory" FOMC minutes revealed the persistence of the US interest rate Yesterday we finally got the FOMC minutes and found out what went wrong in September, why Fed’s senior officials decided to keep...

USD/JPY reversed from resistance zone 10/13/2016 USD/JPY reversed from resistance zone Next sell target - 104.30 USD/JPY today reversed down from the resistance zone lying between the resistance level 104.30 (which also earlier reversed the previous intermediate impulse wave (1) in September...

Key option levels for Thursday, October 13th 10/13/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 66 ? + 10 325 ? Closest resistance levels 1.1086; 1.1118; 1.1141; 1.1167 Closest support levels 1.1007; 1.0974...

EUR/USD: wave (iv) coming soon 10/13/2016 There’s a possible diagonal triangle, which is taking place on the one-hour chart. Therefore, if we see a pullback from 0/8 MM Level, then bulls will probably try to set up a correction. The main intraday target for wave (iv) is 2/8 MM Level. More...