Search results

GBP/USD: "Triple Bottom" set up bullish correction 9/28/2016 The price is consolidating above the uptrend. Also, we’ve got a “Triple Bottom” pattern, which has been confirmed. At the same time, the price faced a resistance at 1.3022, so bears are likely going to get a support at 1.2979 in the...

EUR/USD: "Flag" points to new local high 9/28/2016 There’s a “Double Top” pattern, which has been confirmed. The price faced a support at 1.1196, which led to a local consolidation. Therefore, the market is likely going to reach the next support at 1.1181. If a pullback form this level...

Gold: bears are strengthening their positions 9/28/2016 On the daily chart of gold, quotes for the third time in this month returned to the lower boundary of the consolidation (to the range of $1315-1365). This time, it coincides with the lower boundary of the rising trade channel. This...

GBP/USD: the pound will change the picture considerably 9/28/2016 On the GBP/USD daily chart, there are prerequisites for breaking the "bearish" trend. Quotes lie in the vicinity of the upper boundary of the descending trade channel. A successful attack of the diagonal resistance line and the...

Deutsche Bank may drown European markets 9/28/2016 Deutsche Bank shares lost more than 7.5% to €10.55 on Monday reaching their lowest level since 1983. The bank’s senior executives hurried to reassure investors it has enough money to cover a multibillion-dollar fine for alleged mis-selling of...

EUR/USD & Yellen's Speech: Where are the Euro's bulls? 9/28/2016 Today at 14:00 GMT will speak the Fed's Chairwoman Janet Yellen, which is one of two speeches that she'll hold during this week. Yellen is expected to talk about interest rates' strategy by the central bank and it can bring some...

EUR/USD: under the SSB resistance 9/26/2016 Technical levels: support – 1.1220, 1.1190; resistance – 1.1240. Trade recommendations: 1. Buy — 1.1220; SL — 1.1200; TP1 — 1.1270; TP2 – 1.1300. Reason: a golden cross of Tenkan-sen and Kijun-sen and narrowing bearish Ichimoku Cloud. More...

USD/JPY: bears don't hurry to consolidate their gains 9/26/2016 On the USD/JPY daily chart, after the 88.6% target in the Bat pattern had been reached, there was a rebound. At the present time, there is a consolidation in the range of 100,55-101,35 (61,8-78,6% Fibonacci from the XA wave). If...

AUD/USD: Aussie is ready to go up 9/26/2016 On the AUD/USD daily chart, quotes are moving within the medium-term rising channel. At the end of the last week, the "bulls" failed to break through the 0.767 resistance line. However, if they manage to do so in the future, the upward trend will...

EUR/USD & Draghi's testimony at European Parliament: 1.1300 on the cards? 9/26/2016 Today at 14:00 GMT, ECB's President Mario Draghi will testify at the Committee on Economic and Monetary Affairs of European Parliament and markets are expecting volatility during his speech, because topics of...

UK economy after Brexit vote and GBP/USD forecasts 9/23/2016 Elections, upheavals among citizens, strikes, coup d’Etat can wreak havoc on a currency. And the Brexit referendum is an indisputable confirmation of this tendency. Nobody expected that UK people will vote to leave the EU, and there...

EUR/USD: zigzag in wave E going to be continued 9/23/2016 There’s a possible zigzag in wave E of (Y), which is taking place on the four-hours chart. So, it’s likely that bulls are going to deliver wave [c] in the short term. The main intraday target is 5/8 Murrey Math Level (P=200). If we see...

UK economy after Brexit vote and GBP/USD forecasts 9/23/2016 Elections, upheavals among citizens, strikes, coup d’Etat can wreak havoc on a currency. And the Brexit referendum is an indisputable confirmation of this tendency. Nobody expected that UK people will vote to leave the EU, and there...

GBP/USD: "V-Top" led to bearish correction 99/23/2016 Bulls faced a resistance at 1.3115, which led to form a “V-Top” pattern, so the price is declining. In this case, it’s likely that the pair is going to reach a support at 1.2995 shortly. However, if a pullback from this support be on the...

EUR/USD: "Double Top" stopped bulls for a while 9/23/2016 There’s a “V-Top” pattern, which led to decline towards the Moving Averages. So, the market is likely going to get a support at 1.1165 in the short term. If a pullback from this level happens, there’ll be an opportunity to have another...

USD/JPY: the correction complete 9/23/2016 Technical levels: support – 100.30; resistance – 101.20/40. Trade recommendations: 1. Sell — 101.00; SL — 101.20; TP1 — 100.60; TP2 — 100.10. Reason: a bearish Ichimoku Cloud and falling down SSA; a new dead cross of Tenkan-sen and Kijun-sen...

AUD/USD: heavy zone on 0.7670 9/23/2016 Technical levels: support – 0.7620, 0.7600; resistance – 0.7670. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7670; TP2 — 0.7700. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud and a rising Senkou Span A...

GBP/USD: going to the Cloud 9/23/2016 Technical levels: support – 1.3020/30; resistance – 1.3100, 1.3190. Trade recommendations: 1. Buy — 1.3020/30; SL — 1.3000; TP1 — 1.3100; TP2 — 1.3190. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud but the rising SSA; the...

USD/CAD: bulls stayed too long 9/23/2016 On the USD/CAD daily chart, 'bears" managed to reach the level of 1,305. If they fail to test the support at 1.2977, it will warn us of their weakness. "Bulls" will be ready to start the counter attack, as soon as they manage to overcome the 1.31 level...

Gold: bears will struggle to death 9/23/2016 On the daily chart of gold, we can observe the consolidation within the range of $1305-1365 in the "Splash and shelf" pattern. As soon as the quotes surpass the upper and lower boundaries of the defined range, we will be able to determine the further...