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EUR/USD: "High Wave" set up bullish correction 9/21.2016 The price has faced a support by the lower “Window”. Also, we’ve got a “Harami” at the local low, which hasn’t been confirmed yet. Therefore, the market is likely going to achieve the nearest resistance. If a pullback from this line...

Key option levels for Wednesday, September 21th 9/21/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 243 308 ? + 28 870 ? Closest resistance levels 1.1216; 1.1236; 1.1273; 1.1300 Closest support levels 1.1149...

EUR/USD: bearish impulse in wave c going to move on 9/21/2016 The price has been falling down since a zigzag in wave [x] was formed, which led to a pullback from 5/8 Murrey Math Level (P=200). So, it’s likely that wave (y) of [y] is going to move on in the short term. The main intraday target...

GBP/USD: trend line waiting for bears 9/21/2016 The price faced a support at 1.2934, which led to the current local consolidation. Nevertheless, the pair is likely going to achieve the next support near the trend line, which could reverse the price movement into an upward direction. If so, we...

EUR/USD: "V-Top" led to new low 9/21/2016 There’s a “Double Top” pattern, which led to an achievement of the nearest support at 1.1122. Therefore, the market is likely going to reach the next support at 1.1104. However, if a pullback from this level happens, there’ll be an opportunity to have...

AUD/USD: the Bulls are careful before 0.7590 9/21/2016 Technical levels: support – 0.7530; resistance – 0.7590. Trade recommendations: 1. Buy — 0.7530; SL — 0.7510; TP1 — 0.7590; TP2 — 0.7620. Reason: a support of Tenkan-sen; a golden cross of Tenkan-sen and Kijun-sen and rising lines...

GBP/USD: going to lows of august 9/21/2016 Technical levels: support – 1.2950; resistance – 1.3020. Trade recommendations: 1. Buy — 1.2980; SL — 1.2960; TP1 — 1.3020; TP2 — 1.2060. Reason: a dead cross of Tenkan-sen and Kijun-sen and narrowing channel oh the lines; a bearish Ichimoku Cloud...

NZD/USD: kiwi is forming the second shoulder 9/21/2016 On the NZD/USD daily chart, there is a formation of the "Head and shoulders" pattern. The fall of quotes below the neckline at the 0.726 level will be a signal for the opening of short positions with the target, at least, at the 0.717...

AUD/USD: Aussie's fate is in the hands of resistance forces 9/21/2016 On the AUD/USD daily chart, "bulls" managed to return quotes to their lower boundary of the rising trading channel. Breakout of the diagonal resistance can cause a further rise towards the 0.761 level. In contrast, the...

EUR/USD ahead of FOMC meeting: Hike or not hike? 9/21/2016 Hike rates or not? Traders will be waiting for an answer to be given during today's Fed interest rate decision at 18:00 GMT and press conference by its chairwoman, Janet Yellen. According to the recent odds by CME Watch, the chance to...

At what time it’s better to trade? Some hints from Deutsche Bank 9/20/2016 On its special report the DB shared with some tricks of the trade in forex market. It made a research on the intraday seasonality in forex spot market and found out a very efficient win-win strategy for trading different...

Ultimate guide to BOJ and Fed meetings 9/20/2016 There 2 events of extreme importance on Wednesday: meetings of the Bank of Japan and US Federal Reserve. Here’s what you need to know about them. The BOJ meeting (around 03:00-05:00 GMT) Japanese central bank already has very loose monetary...

Benefits and pitfalls of the Forex indicator analysis 9/20/2016 Members of traders’ community actively use the technical indicators in their intraday analysis of forex market. We may say, that indicators are their number one assistant in trading. Although nothing can outperform human beings...

USD/JPY: "Window" going to act as a resistance one more time 9/20/2016 The price is consolidating near the “Window”. Also, there’s a possible “High Wave” pattern, so the market is likely going to test the 21 and 34 Moving Averages. At the same time, if a pullback from this line happens, bears...

EUR/USD: "Window" acted as a resistance 9/20/2016 There’s a bullish “Tweezers” pattern at the local low, which has been confirmed enough. Also, we’ve got a possible “Three Methods” pattern, but it hasn’t been finished yet. Therefore, the market is likely going to test the 34 and 55 Moving...

NZD/USD exchange rate expectations from some financial bigshots 9/20/2016 If you trust French “connoisseur” of financial markets - Crédit Agricole, be short NZD/USD. The bank has some weighty reasons behind this call. First, the NZD may rise due to the eagerness of the yield chasers to push NZD...

NZD/USD reversed from support zone 9/20/2016 NZD/USD reversed from support zone Next buy target - 0.7450 NZD/USD continues to rise inside the minor impulse wave (iii) – which started earlier – when the pair reversed up from the support zone lying between the pivotal support level support 0.7240...

NZD/CAD reached buy target 0.9650 9/20/2016 NZD/CAD reached buy target 0.9650 Next buy target - 0.9800 NZD/CAD today broke above the resistance level 0.9650 (which reversed the previous impulse wave (i) and which was set as the buy target in our earlier forecast for this currency pair). The...

EUR/USD: another bearish impulse is about to start 9/20/2016 As we can see on the one-hour chart, wave (c) of [y] is likely going to form a zigzag. So, if wave b ends and the price finds a lodgement under 3/8 MM Level, then wave c of (c) is going to start. The main target here is -2/8 MM...

How to trade USD/JPY on Bank of Japan? Tips from banks 9/20/2016 Bank of America Merrill Lynch: There are signs of potential bottom in the pair (bullish weekly MACD, horizontal 50-day MA), but there’s strong resistance at 103.46 (top of the daily Ichimoku Cloud). A very effective Bank of...