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GBP/USD: price going to test support once again 10/13/2016 We’ve got a downward consolidation on the four-hours chart. In this case, the price is likely going to get a support at 1.2089 shortly. If any bullish pattern arrives afterwards, there’ll be an opportunity to have a correction towards...

EUR/USD: support waiting for bears 10/13/2016 The price has been declining since Monday. Bears faced a support at 1.1011, so there’s a local consolidation in progress. Meanwhile, the market is likely going to reach the next support at 1.0978 in the short term. If we see a pullback from this...

Morning brief October 13, 2016 10/13/2016 The main trigger of the session was the release of the FOMC Minutes that indicated that a growing number of committee members are pulling in the direction of hiking (the FOMC voted 7-3 to hold off a rate hike at Sept. meeting). It seems that the Chair...

USD/JPY: the Bulls are realized its targets 10/13/2016 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; a gold cross of Tenkan-sen and Kijun-sen; the...

AUD/USD: falling to the 3-W lows 10/13/2016 Technical levels: support – 0.7520, 0.7490; resistance – 0.7560, 0.7590. Trade recommendations: 1. Buy — 0.7490/95; SL — 0.7470; TP1 — 0.7560; TP2 — 0.7590. Reason: a strong support near 0.7490; a dead cross of Tenkan-sen and Kijun-sen; a bearish...

GBP/USD: pound reached the Rubicon 10/13/2016 On the GBP/USD daily chart, pound tries to consolidate. Targets in the AB = CD and "Deep-sea crab" patterns help us to indicate the consolidation area at 1,2109-1,2317. If quotes go beyond these margins, there might be either a correction or...

USD/CAD: loonie moves up 10/13/2016 On the USD/CAD daily chart, quotes came closer to the important resistance line at 1.3306 (38.2% Fibonacci retracement level of the last long downward wave). If this resistance line is broken out, the quotes will continue their rally towards targets 200% and...

EUR/USD broke support zone 10/12/2016 EUR/USD broke support zone Next sell target 1.0950 EUR/USD continues to fall inside the minor impulse wave (iii) – which belongs to the impulse wave 3 from August. The pair earlier broke through the support zone lying between the strong support level 1.1150...

EUR/AUD falling inside minor impulse 10/12/2016 EUR/AUD falling inside minor impulse Next sell target -1.4450 EUR/AUD continues to fall inside the minor impulse wave 3 – which started previously – when the pair reversed down from the resistance zone lying between the resistance level 1.5100...

USD/JPY: bulls going to deliver new high 10/12/2016 There’s a support by the 13 Moving Average, so we’ve got a “Hammer” on this line. If it confirms, bulls are likely going to deliver a new high. However, if we see a pullback from the upper “Window”, there’ll be a chance to have a local...

EUR/USD: bears broke through "Window" 10/12/2016 The price has been falling down since a “Harami” was formed at the local high. However, the pair has achieved a support line. So, if any bullish pattern arrives, there’ll be opportunity to have an upward correction in the short term. As we can...

Can pound sustain recovery? 10/12/2016 GBP/USD recovered on Wednesday from the levels below 1.2100 gaining more than 1% during the day. Sterling strengthened as British Prime Minister Theresa May accepted that the Parliament should be allowed to vote on her Brexit plan. Asa a result, concerns...

Key option levels for Wednesday, October 12th 10/12/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 12 944 ? + 31 713 ? Closest resistance levels 1.1145; 1.1187; 1.1214; 1.1246 Closest support levels 1.1016...

Gambit strategy: balance of risk and gain 10/12/2016 Gambit trading strategy is a bold attempt to gain maximum profit while not losing sight of risk. But I should warn you, that to use it you should school yourself to patience, because for all conditions to meet you might need lots of time...

Indians go to the aid of the gold prices 10/12/2016 Gold is a tangible, real asset, that’s why it is more trusted than esoteric financial instrument that haven’t got an inherent value. Nowhere more so than in the East it’s understood. In the upcoming week we may expect the demand for physical...

FOMC minutes: why to watch and how to trade EUR/USD 10/12/20016 Today we will get a chance to get a summary of discussions from the Federal Open Market Committee meeting. It will give the market a better understanding of where Fed sentiment stands and whether there will be a rate hike or not...

EUR/USD: bears broke "Triangle"] 10/12/2016 The last triangle in wave (Y) has been broken, so there’s a bearish impulse, which is taking place on the four-hours chart. It’s likely that wave (iii) is going to be ended soon, so there’s an opportunity to see wave (iv) in the short term. However...

USD/JPY: the Bulls still active 10/12/2016 Technical levels: support – 103.40/50; resistance – 104.00. Trade recommendations: 1. Buy — 103.50; SL — 103.30; TP1 — 104.00; TP2 — 104.60. Reason: a bullish Ichimoku Cloud and rising Senkou Span A; a new gold cross of Tenkan-sen and Kijun-sen and...

AUD/USD: return to the Cloud 10/12/2016 Technical levels: support – 0.7550, 0.7520; resistance – 0.7590. Trade recommendations: 1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7550; TP2 — 0.7520. Reason: a strong support near 0.7600; a dead cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud...

GBP/USD: consolidation going to be continued 10/12/2016 We’ve got a downward consolidation, which is taking place on the four-hours chart. So, the market is likely going to decline towards a support at 1.2089 in the short term. If any bullish pattern arrives afterwards, there’ll be an...