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USD/JPY: pullback from "Window" led to massive decline 9/30/2016 We’ve got an “Engulfing” pattern, which has been confirmed. Also, there’s a “Shooting Star” pattern, so the price is likely going to get a support on the 13 Moving Average line in the short term. As we can see on the Daily...

EUR/NZD reversed from resistance area 9/30/2016 EUR/NZD reversed from resistance area Next sell target - 1.5200 EUR/NZD recently reversed down from the resistance area lying between the resistance level 1.5500 (which earlier reversed pervious waves (iv), (a) and 2, as can be seen below), upper...

EUR/CAD reversed from resistance level 1.4900 9/30/2016 EUR/CAD reversed from resistance level 1.4900 Next sell target - 1.4600 EUR/CAD recently reversed down sharply from the resistance level 1.4900 (which is the lower boundary of the strong resistance zone which has been steadily reversing...

EUR/USD: bears broken the "Window" 9/30/2016 There’s a bearish price movement, which is taking place on the four-hours chart. Also, we’ve got a “Shooting Star”, a “Harami” and a “Doji”, which all have been confirmed. Therefore, the market is likely going to reach the nearest support line. As...

AUD/USD outlook for October 3-7 9/30/2016 What do the present AUD/USD price patterns tell us, and what next week will bring us? The Australian dollar once again tried to challenge key resistance line at 0.77 this week, but failed to withstand its US counterpart. In the upcoming week we don’t...

GBP/USD: bears going to test uptrend line 9/30/2016 The price faced a resistance at 1.3056, which led to form a “Thorn” pattern. So, the market is likely going to decline towards a support by the uptrend line. If a pullback from this level happens, there’ll be an opportunity to have a bullish...

Key option levels for Friday, September 30th 9/30/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 40 882 ↑ + 48 841 ↑ Closest resistance levels 1.1256; 1.1281; 1.1300; 1.1328 Closest support levels 1.1202...

EUR/USD: price wallow in consolidation 9/30/2016 There’s a consolidation, which is taking place on the four-hours chart. It’s likely that the price is going to reach a support at 1.1196 in the short term. If we see a pullback from this level, there’ll be an opportunity to have an upward...

AUD/USD: on a Cloud’s support 9/30/2016 Technical levels: support – 0.7620; resistance – 0.7660. Trade recommendations: 1. Buy — 0.7620/30; SL — 0.7600; TP1 — 0.7700; TP2 — 0.7750. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud and a rising Senkou Span A; a...

EUR/USD: long period of consolidation 9/30/2016 On the EUR/USD daily chart, there is a consolidation near the important level of 1.1207. Breakout of the support at 1,118 will lead to the fall of quotes in the direction of the lower boundary of the rising trade channel. There is a 50% level of...

GBP/USD: the bulls don’t want to lose 9/30/2016 Technical levels: support – 1.2940/50; resistance – 1.3010. Trade recommendations: 1. Buy — 1.2970; SL — 1.2950; TP1 — 1.3010; TP2 — 1.3100. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud, but the lines are...

USD/JPY: will yen break the trend? 9/30/2016 On the USD/JPY daily chart, "bulls" still cannot consolidate their position above the important level of 101.35. If they succeed, it will increase the risks of breaking the upper limit of the long-term rising channel near the mark of 101.9. There is...

USD/CAD & Canadian GDP (July): A new wave of sellers coming? 9/30/2016 Today at 12:30 GMT will be released the Canadian GDP on a monthly basis for July, where the analysts are expecting to see a decrease to 0.3% from 0.6% (June). This reading could be a market mover, especially for the CAD...

From gloomy medieval week back to Renaissance: positive news, finally! 9/29/2016 This week brought many positive news and cheered up traders tired of the relative bearishness of the markets. To begin with, Hillary Clinton won the first presidential debate against Donald Trump. Hillary is...

EUR/USD: "Double Zigzag" in wave E 9/29/2016 Wave E of (Y) turned out to be a Double Zigzag, so wave [x] is likely going to be continued. If we see a pullback from 2/8 Murrey Math Level (P=200), there’ll be an opportunity to have an upward movement in wave [y] of E. There’s a zigzag in...

Earn more with Elder’s strategy 9/29/2016 Triple Screen Trading System Beginners often look for a magic tool – a signal indicator that could help them to earn piles of money. If they get lucky for a while, they think that they’ve discovered the road to Eldorado. But, when the magic dies, and...

USD/JPY: support line waiting for bears 9/29/2016 There’s a support by the lower “Window”. Also, we’ve got an “Inverted Hammer”, a “Harami” and a “High Wave”, which all have been confirmed. Considering the last “Shooting Star”, bears are likely going to reach the nearest support line. As we...

EUR/USD: bears going to test "Window" once again 9/29/2016 There’s a consolidation on the Moving Averages, so we’ve got a “Shooting Star” and a “Harami” patterns, which both have been confirmed. Therefore, the market is likely going to reach the nearest support line, which could reverse the...

OPEC’s decision: implications for oil 9/29/2016 OPEC members decided to cut production for the first time since 2008. The plan is to reduce output by 700K a day to 32.5-33M barrels a day. The measure is aimed to help oil prices stabilize and strengthen. The organization aims to reveal more...

USD/JPY reversed from support zone 9/29/2016 USD/JPY reversed from support zone Next buy targets - 102.20 and 103.00 USD/JPY continues to rise after the earlier upward reversal from the support zone lying between the powerful support level 100.00 (previous sell target set in our earlier...