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AUD/USD needs a new driver 10/5/2016 On the daily chart AUD/USD is trading in 0.7610-0.7700 area (23.6% Fibo of the last long-term bullish wave/?high of the second part of September). When the pair leaves this range, medium-term prospects of Australian currency will become clearer. On H1 the...

USD/JPY: the end of the long-term bearish trend 10/5/2016 On the USD/JPY daily chart, a breakout of the upper boundary of the downward trade channel has become a signal of the end of the bearish trend.There is a great probability that the US dollar will continue its rally. The first target of...

USD/JPY: the Bulls are very active 10/5/2016 Technical levels: support – 102.20; resistance – 103.50 Trade recommendations: 1. Buy — 102.20; SL — 102.00; TP1 — 103.00; TP2 — 103.50. 2. Sell — 103.50; SL — 103.70; TP1 — 102.80; TP2 — 102.20. Reason: a bullish Ichimoku Cloud; the prices are...

AUD/USD: trading in the Cloud 10/5/2016 Technical levels: support – 0.7600, 0.7630; resistance – 0.7650, 0.7690. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7700; TP2 — 0.7750. Reason: a new correctional dead cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud; a...

EUR/USD: rising to the Cloud 10/5/2016 Technical levels: support – 1.1190; resistance – 1.1220, 1.1250 Trade recommendations: 1. Buy — 1.1210; SL — 1.1190; TP1 — 1.1300; TP2 – 1.1330. Reason: a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; Ichimoku Cloud have a...

USD/JPY & ADP Non-Farm Employment Change: Is a pullback coming soon? 10/5/2016 Today at 12:15 GMT will be released the numbers from ADP Non-Farm employment change and markets are looking to price a decline from 177,000 jobs to 166,000 jobs, and this data could give us some hints of what we can...

GBP/NZD broke major support level 1.7750 10/4/2016 GBP/NZD broke major support level 1.7750 Next sell target - 1.7270 GBP/NZD today broke through the major support level 1.7750 (which stopped the three previous impulse waves - ?, (1) and 1, as can be seen from the daily GBP/NZD chart below)...

Why the US vice-presidential debates matter 10/4/2016 Vice-presidential debates usually are given scant media attention compared to the presidential ones. However, we encourage you not to skip the broadcasting at 1 am GMT. The event might not match the fireworks and the entertainment value...

USD/JPY: breaking out SSB 10/4/2016 Technical levels: support – 101.00/20; resistance – 102.50/70 Trade recommendations: 1. Sell — 102.60; SL — 102.80; TP1 — 101.90; TP2 — 101.50. Reason: narrowing bearish Ichimoku Cloud; the prices are break trough SSB; a golden cross of rising Tenkan and...

AUD/USD: the prices are on the Cloud again 10/4/2016 Technical levels: support – 0.7650; resistance – 0.7690. Trade recommendations: 1. Buy — 0.7650; SL — 0.7620; TP1 — 0.7700; TP2 — 0.7750. Reason: a cancelled dead cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud and rising SSA...

Key option levels for Tuesday, October 4th 10/4/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 2 618 ? + 26 125 ? Closest resistance levels 1.1257; 1.1275; 1.1320; 1.1359 Closest support levels 1.1180; 1.1140...

GBP/USD: bears going to reach support 10/4/2016 Yesterday a “Breakaway Gap” was formed, so the price faced a support at 1.2849, which led to a local consolidation. Therefore, it’s likely that the market is going to get a resistance at 1.2883 – 1.2911 in the short term. However, bears are...

EUR/USD: "Triple Top" stopped bulls 10/4/2016 The price is moving up and down under the downtrend line. In this case, bears are likely going to reach a support at 1.1181 – 1.1165 in the short term. If we see a pullback from this area, there’ll be an opportunity to have another upward...

NZD/USD: bears lost the lead 10/4/2016 On the NZD/USD daily chart, the quotes didn't fall below the support line at 0,7225. The realization of the "Head and shoulders" and "Shark" patterns has been postponed. A successful test of the peak of the right shoulder will lead to the restoration of...

USD/CHF: franc is ready to leave the triangle 10/4/2016 On the USD/CHF daily chart, «bulls» are testing resistance at 0,974-0,975. If they succeed, it will allow them to prepare an attack for the upper boundary of a descending triangle. Breakout of the diagonal resistance will open the way to...

EUR/GBP & UK Construction PMI: New historical lows across the board? 10/4/2016 Headlines from UK PM Theresa May during the weekend added pressure on the Sterling and Monday's session helped to push the pair to test post-Brexit lows, as the UK PM spoke about timing on when the Brexit process...

USD/JPY: beware of an unexpected trigger 10/3/2016 As we already know, the Bank of Japan decided not to adopt additional easing at its last policy meeting. It managed to dodge from its proverbial interest rate cuts this time. Citi believes that BoJ by not doing so passed the policy baton to the...

EUR/USD: wave E going to move on 10/3/2016 There’s wave (Y), which is taking form of a triangle. It’s likely that wave E is going to develop a double zigzag. If we see a pullback from 6/8 Murrey Math Level (P=200), there’ll be an opportunity to have another bearish price movement. As we...

USD/JPY near-term forecasts 10/3/2016 Since June the market is trying to break the resistance line at 100 level. There were at least four attempts to do so, but all in vain. It seems that this shield is unpierceable. What’s more surprising is that all these failures to break the support...

USD/JPY: bearish "Engulfing" arrived 10/3/2016 There’s a support by the nearest Moving Averages. Also, we’ve got a “Shooting Star” at the last high, but this pattern hasn’t been confirmed yet. Therefore, the market is likely going to reach the closest support line in the short term. If we see...