Search results

USD/CAD ahead Core Retail Sales: Dynamic support in focus 9/23/2016 Today at 12:30 GMT will be published the Canadian's core retail sales on a monthly basis (July) and market's analysts are expecting an increase from -0.8% to 0.5%. This is a key macro indicator to measure consumer confidence in...

GBP/NZD reversed from pivotal support level 1.7750 9/22/2016 GBP/NZD reversed from pivotal support level 1.7750 Next buy target - 1.8270 GBP/NZD recently reversed up from the pivotal support level 1.7750 (low of the previous impulse waves ? and (1)), which was set as the sell target in our...

NZD/CAD reversed from long-term resistance level 0.9640 9/22/2016 NZD/CAD reversed from long-term resistance level 0.9640 Next sell target - 0.9500 NZD/CAD continues to fall – following the earlier sharp downward reversal from the major long-term resistance level 0.9640 (which has been...

Key option levels for Thursday, September 22th 9/22/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 28 195 ? + 1 967 ? Closest resistance levels 1.1256; 1.1275; 1.1300; 1.1332 Closest support levels 1.1205...

EUR/USD: "Triangle" going to move on 9/22/2016 There’s a possible “Triangle”, which is a part of a “Double Three” pattern. Therefore, it’s likely that bulls are going to test the upper side if this “Triangle” soon. If a pullback happens, there’ll be an opportunity to have a new bearish trend...

Morning briefing: what we have been through and what to expect from this day 9/22/2016 FOMC, RBA and RBNZ recap Now, when tensions defused and the dust settled, we can take a deep breath. In the past 24 hours we heard Yellen, Lowe, Wheeler speaking of the health of their national economies and...

GBP/USD: "Pennant" pushed market higher 9/22/2016 The price faced a support at 1.2934, which led to form a “Triple Bottom” pattern, so the price is rising. It’s likely that bulls are going to move on, so we should keep an eye on a resistance at 1.3089 – 1.3115 as a possible intraday target...

EUR/USD: "Flag" points to possible new high 9/22/2016 There’s a “Double Bottom” pattern, which led to the current upward price movement. Therefore, bulls are likely going to get a resistance at 1.1228 in the short term. If a pullback from this level happens, there’ll an opportunity to have a...

AUD/USD: looking for 0.7670 9/22/2016 Technical levels: support – 0.7620, 0.7590; resistance – 0.7670. Trade recommendations: 1. Sell — 0.7670; SL — 0.7690; TP1 — 0.7590; TP2 — 0.7550. Reason: a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; bearish Ichimoku Cloud...

GBP/USD: the correction may be deeper 9/22/2016 Technical levels: support – 1.3020; resistance – 1.3100, 1.3190. Trade recommendations: 1. Buy — 1.3020; SL — 1.3000; TP1 — 1.3100; TP2 — 1.3190. Reason: a dead cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud but the oversold market...

EUR/USD: the Bulls are in courage again 9/22/2016 Technical levels: support – 1.1150, 1.1180; resistance – 1.1210/30 Trade recommendations: 1. Buy — 1.1180; SL — 1.1160; TP1 — 1.1230; TP2 – 1.1270. Reason: a dead cross of Tenkan-sen and Kijun-sen and a bearish Ichimoku Cloud, but the prices...

EUR/USD: will a big player stop the euro? 9/22/2016 On the EUR/USD daily chart, "bears" failed to break support at the 1,113 level. It helped "bulls" to recover from their losses and lance countering. However, there is a high probability that a large seller will show his strength at the...

GBP/USD: bulls launched the counter attack 9/22/2016 On the GBP/USD daily chart, the "bears" managed to fulfill the target at the 1.2965 level which we had defined earlier. Afterwards, there was a reversal. At the present time, there is a final stage of the 5-0 pattern formation.The move...

GBP/USD: bulls launched the counter attack 9/22/2016 On the GBP/USD daily chart, the "bears" managed to fulfill the target at the 1.2965 level which we had defined earlier. Afterwards, there was a reversal. At the present time, there is a final stage of the 5-0 pattern formation.The move...

EUR/GBP & ECB's Draghi speech: More Euro strengthening across the board? 9//22/2016 Following the disappointments brought by the Bank of Japan and the Federal Reserve during Wednesday, markets now would be watching for the ECB's president Mario Draghi today at 13:00 GMT, where it's expected to...

From where blows the wind of the new financial crisis 9/21/2016 One bubble had been swelling for years, and then went bang. When will go another? In 2008, the Case-Shiller home price index reported the greatest price drop in its history. The credit crisis resulting from the bursting of the...

EUR/AUD falling inside minor impulse wave 9/21/2016 EUR/AUD falling inside minor impulse wave Next sell targets - 1.4600 and 1.4500 EUR/AUD has been falling in the last few trading session inside the minor impulse wave (iii) – which started previously – when the pair reversed down from the...

AUD/CAD reached buy target 1.0000 9/21/2016 AUD/CAD reached buy target 1.0000 Next buy target - 1.0100 AUD/CAD recently reached the round resistance level 1.0000 (which was set as the buy target in our previous forecast for this currency pair). The price has been rising steadily in the last few...

How central banks control exchange rates through their monetary policy? 9/21/2016 In this article, we decided to shed a little light on the cryptic messages coming from central banks’ officials and explain how central banks control exchange rates through their monetary policy. As we know, a...

USD/JPY: "Window" acted as a strong resistance 9/21/2016 There’s a “Harami” pattern at the local high, but its confirmation hasn’t formed yet. So, the market is likely going to test the nearest “Window” once again. If we see a pullback from it, there’ll be an opportunity to have another...