Search results

USD/JPY: resistance waiting for price 10/10/2016 We’ve got a “High Wave” and an “Engulfing” patterns, so bulls are likely going to test the upper “Window” once again. As we can see on the Daily chart, there’s an “Engulfing” at the last high. In this case, there’s an opportunity to have...

EUR/USD: bears going to achieve support 10/10/2016 The 55 & 34 Moving Averages acted as a resistance, so we’ve got a “Harami” and a “Two Crows” at the local high. In this case, the market is likely going to decline towards the nearest support line. As we can see on the Daily chart, there’s a...

While cable is crashing, banks batten on its misfortunes 10/10/2016 Pound depreciated 4.2% last week, which it its worst performance since June 24. The slide accelerated after prime-minister Theresa May said, that she is going to trigger Article 50 in March next year. With GBP crashing to its...

NZD/USD falling inside minor impulse wave (c) 10/10/2016 NZD/USD falling inside minor impulse wave (c) Next sell target 0.7080 NZD/USD continues to fall inside the minor impulse wave (c), which recently broke through the strong support zone lying at the intersection of the multiple support...

AUD/NZD broke resistance level 1.0580 10/10/2016 AUD/NZD broke resistance level 1.0580 Next buy target - 1.0740 AUD/NZD has been rising steadily in the last few trading sessions inside the (c)-wave of the minor ABC correction 2 from the middle of September. The price earlier broke sharply...

Gold’s recovery from the last week downfall 10/10/2016 Last week we saw that gold fell sharply as the dollar surged on the speculations of a rate hike at the Federal Reserve meeting. The data releases coming from the US were also weighting on the gold’s derisive attempts to growth. On Friday...

Takeaways from the second presidential debate 10/10/2016 It was one of the most negative and acrimonious debate in US history. Americans have always been proud of a sacred tradition of a presidential debate where nominees trade barbs over their vision of the country’s future; the debate could...

EUR/USD: bulls going to deliver wave E 10/10/2016 As we can see on the four-hours chart, wave D has been ended in a form of a double zigzag. Moreover, we’ve got a pullback from 0/8 Murrey Math Level (P=200), which points to a possibility to have wave E of (Y) in the short term. The main...

GBP/USD: Moving Averages waiting for bulls 10/10/2016 We’ve got a bullish “Thorn” at the new historical low, which led to the current upward movement. Therefore, the market is likely going to continue rising towards a resistance at 1.2677. If a pullback from this level happens, there’ll be an...

EUR/USD: "Double Bottom" stopped bears 10/10/2016 We’ve got a “Bear’s Trap” under the previously broken “Triangle”, so the price faced a resistance at 1.1196 afterwards. In this case, bulls are likely going to reach the 89 Moving Average in the short term. If we see a pullback from this line...

USD/JPY: consolidation may continue 10/10/2016 Technical levels: support – 102.90, 102.20; resistance – 103.40, 103.80. Trade recommendations: 1. Buy — 103.00; SL — 102.80; TP1 — 103.80; TP2 — 104.20. Reason: a bullish Ichimoku Cloud and rising Senkou Span A; a golden cross of Tenkan-sen and...

AUD/USD: consolidation in the Cloud 10/10/2016 Technical levels: support – 0.7590, 0.7575; resistance – 0.7625, 0.7650, 0.7690. Trade recommendations: 1. Buy — 0.7590; SL — 0.7570; TP1 — 0.7690; TP2 — 0.7750. Reason: a strong support near 0.7600; a dead cross of Tenkan-sen and Kijun-sen; a...

EUR/USD: under the Cloud resistance 10/10/2016 Technical levels: support – 1.1170, 1.1130; resistance – 1.1200. Trade recommendations: 1. Sell — 1.1180; SL — 1.1200; TP1 — 1.1130; TP2 – 1.1100. Reason: a dead cross of Tenkan-sen and Kijun-sen and falling down Tenkan-sen; bearish character of...

Key option levels for Monday, October 10th 10/10/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 44 200 ? + 90 607 ? Closest resistance levels 1.1224; 1.1247; 1.1277; 1.1297 Closest support levels 1.1174(59?)...

USD/CHF: will franc return to the triangle ? 10/10/2016 On the USD/CHF daily chart, "bulls" failed to fulfill target at 0.984. Afterwards, there was a there was a rapid rollback. "Bears" may try to return to the boundaries of the triangle. Rebound from the resistance at 0.974 will create...

EUR/JPY: bulls are going to counterattack 10/10/2016 On the EUR/JPY chart, "bears" are trying to return to the boundaries of the triangle. If they succeed, the euro may fall to the level of 114.24 (38.2% Fibonacci of the downward wave). In contrast, a rebound from the diagonal support will...

EUR/USD & German Trade Balance: Not an enough catalyst for today's moves 10/10/2016 Today at 06:00 GMT will be released the German trade balance’s figures and it seems that we could expect an increase from 19.4B to 20.0B for August. It should be noted that Eurozone has been living a surplus in...

USD/JPY: outlook for October 10-14 10/7/2016 USD/JPY took off from 101.20 to 104.00, almost reaching September highs. The main driver of the pair was the strength of the US dollar on the upbeat American economic figures. On Friday, however, US currency declined on lower-than-expected NFP...

GBP/USD: outlook for October 10-14 10/7/2016 British pound was a big newsmaker during the past week. GBP/USD fell by more than 6% to 31-year low of 1.2000 during the Asian session on Friday. The decline took place amid low liquidity and could have been triggered by an error of some large bank’s...

EUR/USD: outlook for October 10-14 10/7/2016 During the week EUR/USD was trading in a very volatile fashion. The euro got a boost and managed to recover from lows on the speculation that the European Central Bank’s thinking about tapering its quantitative easing program. According to a report...