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CAD/JPY reversed from pivotal support level 76.00 9/29/2016 CAD/JPY reversed from pivotal support level 76.00 Next buy target - 78.50 CAD/JPY recently reversed up sharply from the support area lying between the pivotal support level 76.00 (which stopped the previous sharp minor impulse wave 1...

USD/JPY: unexpected activation of the Bulls 9/29/2016 Technical levels: support – 101.20; resistance – 101.70, 102.10. Trade recommendations: 1. Buy — 101.20; SL — 101.00; TP1 — 101.70; TP2 — 102.10. Reason: a bearish Ichimoku Cloud and the lines of Indicator have rising; the prices are in...

AUD/USD: the Bulls have a chance 9/29/2016 Technical levels: support – 0.7660; resistance – 0.7700. Trade recommendations: 1. Buy — 0.7660; SL — 0.7640; 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...

EUR/USD: the trades return to SSB 9/29/2016 Technical levels: support – 1.1210; resistance – 1.1230 Trade recommendations: 1. Sell — 1.1200; SL — 1.1220; TP1 — 1.1170; TP2 – 1.1130. 2. Buy — 1.1240; SL — 1.1220; TP1 — 1.1300; TP2 – 1.1330. Reason: a new dead cross of Tenkan-sen and...

Beware of the Italian referendum 9/29/2016 The next wave of turbulences will be expected in December, as soon as Italians vote for or against the constitutional reform aiming to drastically curb the power of the Senate. Currently, both chambers have equal powers in the decision-making process...

Key option levels for Thursday, September 29th 9/29/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 37 085 ? + 107 227 ? Closest resistance levels 1.1257; 1.1282; 1.1302; 1.1330 Closest support levels 1.1225...

GBP/USD: local support waiting for bears 9/29/2016 We’ve got a “Triple Bottom” pattern, which has been confirmed. The price faced a resistance at 1.3056, which led to form a “Thorn” pattern. So, the market is likely going to get a support at 1.2979 in the short term. Considering a possible...

EUR/USD: "Triple Bottom" led to consolidation 9/29/2016 There’s a downward consolidation, which is taking place on the four-hours chart. The price faced a support at 1.1181, which led to the current bullish correction. At the same time, bears are likely going to reach the nearest support at...

AUD/USD: Aussie stumbled aross the wedge 9/29/2016 On the AUD/USD daily chart, the rise towards 0.78 continues. There is a target 88.6% of the inverted pattern "Shark". Former resistance at 0.767 now serves as a key support. If the "bulls" manage to keep the quotes above this level, the chances...

USD/CAD: bears will be trying to consolidate their success 9/29/2016 On the USD/CAD daily chart, the "bulls" fulfilled targets which we had set in our last article and came closer to the very important level of 1.33. Quotes failed to go beyond the trade channel 1.298-1.33; this resulted in...

GBP: a hint of recovery, but for how long? 9/28/2016 The EUR/GBP has fallen significantly since Monday as investors became anxious about how Deutsche Bank manages to unravel from its mounting problems. However, the pound’s advances are believed to be limited and the currency could easily crash...

AUD/NZD reversed from support zone 9/28/2016 AUD/NZD reversed from support zone Next buy target - 1.0700 AUD/NZD continues to rise – following the earlier sharp upward reversal from the support zone lying between the support levels 1.0300, 1.0200 and the lower weekly Bollinger Band. The upward...

EUR/GBP reversed from pivotal resistance level 0.8700 9/28/2016 EUR/GBP reversed from pivotal resistance level 0.8700 Next sell target - 0.8500 EUR/GBP recently reversed down from the pivotal resistance level 0.8700 (which also previously reversed the earlier sharp intermediate impulse wave...

Oil market imbalances: new threats from China 9/28/2016 According to the International Energy Agency, China is one of the major importers of crude oil in the world. For many years People’s Republic enjoyed the relatively low oil prices to stockpile crude for its strategic petroleum reserve...

Why the Euro falls and how long it will last 9/28/2016 For those looking for key market triggers, we suggest to keep an eye on Draghi’s and Yellen’s speeches later this day. Although neither of them are supposed to spend all their time on the interpretation of their monetary policies, there is...

USD/JPY: rising to the Cloud 9/28/2016 Technical levels: support – 100.60; resistance – 100.90, 101.40. Trade recommendations: 1. Buy — 100.60/70; SL — 100.40; TP1 — 101.40. Reason: a bearish Ichimoku Cloud and the horizontal lines of Indicator; the prices are over Kijun-sen. More...

GBP/USD: correction is completed 9/28/2016 Technical levels: support – 1.2940; resistance – 1.3010. Trade recommendations: 1. Sell — 1.3000; SL — 1.3020; TP1 — 1.2940; TP2 — 1.2910. Reason: a dead cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud; the prices are under the...

EUR/USD: bulls have failed 9/28/2016 Technical levels: support – 1.1190, 1.1170; resistance – 1.1210/30 Trade recommendations: 1. Sell — 1.1210; SL — 1.1230; TP1 — 1.1170; TP2 – 1.1130. Reason: a cancelled golden cross of Tenkan-sen and Kijun-sen and the lines are falling down; narrowing...

USD/JPY: events and levels to watch 9/28/2016 USD/JPY was supported this week by the levels just above the key psychological level of 100.00 yen, but stayed below 101.00 on the upside. On the one hand, US data released on Tuesday were positive: consumer confidence improved and flash services...

EUR/USD: wave [c] of E is about to start 9/28/2016 We’ve got a possible triangle in wave (Y), which is likely going to be continued. So, there’s an opportunity to have wave [c] of E in the short term. The main intraday target is 6/8 Murrey Math Level (P=200), which could reverse the price...