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Key option levels for Tuesday, September 20th 9/20/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest - 1 859 880 ? - 2 236 289 ? Closest resistance levels 1.1235; 1.1254/68; 1.1287; 1.1311 Closest support levels...

GBP/USD: bears going to break low because of "Flag" 9/20/2016 There’s a “V-Bottom” patterns, so the price is consolidating on the four-hours chart. Also, we’ve got a local “V-Top” pattern, which points to an opportunity to have a decline towards a support at 1.2974. However, if bears be...

EUR/USD: "V-Top" highlights chance to have new low 9/20/2016 There’s a “Double Bottom” pattern, which led to an achievement of the nearest resistance at 1.1196. So, the price is likely going to reach a support at 1.1138 in the short term. If a pullback from this level happens, there’ll be an...

USD/JPY: the Bears on the attack 9/20/2016 Technical levels: support – 101.90; resistance – 101.90. Trade recommendations: 1. Sell — 101.80/90; SL — 102.10; TP1 — 101.10; TP2 — 100.60. Reason: a bullish Ichimoku Cloud will changed its character; a dead cross of Tenkan-sen and Kijun-sen...

AUD/USD: heavy trades near SSA 8/20/2016 Technical levels: support – 0.7530; resistance – 0.7590. Trade recommendations: 1. Buy — 0.7530; SL — 0.7510; TP1 — 0.7590; TP2 — 0.7620. Reason: a support of Tenkan-sen; a golden cross of Tenkan-sen and Kijun-sen; narrowing bearish Ichimoku Cloud...

GBP/USD: waiting for correction 9/20/2016 Technical levels: support – 1.3030; resistance – 1.3060/70. Trade recommendations: 1. Sell — 1.3060/70; SL — 1.3090; TP1 — 1.3000; TP2 — 1.2940. Reason: a dead cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud; falling Tenkan-sen and Senkou...

USD/JPY: yen weighs its options 9/20/2016 On the USD/JPY daily chart quotes come close to the important support at the 101.3 level. Its successful test activates the Bat pattern. Its 88.6% target lies near the mark of 100. In contrast, breakout of the resistance at 103.2 level will clear the...

USD/CAD: the bulls will need a rest 9/20/2016 On the USD/CAD daily chart the "bulls" managed to reach the 1,324 target. The trend is rising, but if the "bears" manage to lower the quotes below their September 19 minimums of the doji bar, the risk of correction will rise. On the USD/CAD...

USD/CAD ahead of US Building Permits & BoC's Poloz speech: Looking to test the 1.3300 zone? 9/20/2016 Today at 12:30 GMT will be released the US building permits for August and market's consensus is calling for an increase from 1.144M to 1.1700M and at 16:45 GMT, BoC's governor Poloz is...

AUD/USD: wave (iii) is about to start 9/18/2016 We’ve got a wedge in wave , which led to form a zigzag in wave [ii]. Moreover, there’s an impulse in wave (i), so bears are likely going to deliver wave (iii) in the short term. The main intraday target is 0/8 Murrey Math Level (P=200)...

EUR/USD: bears going to form wave D 9/18/2016 There’s a possible wave D, which is taking place on the four-hours chart. Previously, the price formed a pullback from 5/8 Murrey Math Level (P=200). So, it’s likely that bears are going to reach 1/8 MM Level in the short term. As we can see on...

GBP/USD: bulls going to reach nearest resistance 9/18/2016 The price found a support at 1.2974, so we’ve got a “V-Bottom” pattern here. Therefore, bulls are likely going to achieve a resistance at 1.3115 shortly. Meanwhile, considering th previously formed “V-Top” pattern, there’s an...

EUR/USD: "Triple Bottom" stopped bearish rally 9/18/2016 Bears faced a support at 1.1145, which led to form a “V-Bottom” pattern. So, the market is likely going to get a resistance on the 89 Moving Average in the short term. At the same time, if a pullback from this line happens, there’ll be...

USD/JPY: the Bears can’t break the SSB 9/18/2016 Technical levels: support – 101.90; resistance – 102.50, 102.90. Trade recommendations: 1. Sell — 101.90; SL — 102.10; TP1 — 101.10; TP2 — 100.60. 2. Buy — 102.20; SL — 102.00; TP1 — 102.90; TP2 — 103.50. Reason: a bullish Ichimoku Cloud; an...

AUD/USD: rising to Senkou Span A 9/18/2016 Technical levels: support – 0.7500; resistance – 0.7590. Trade recommendations: 1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7530; TP2 — 0.7480. 2. Buy — 0.7530; SL — 0.7510; TP1 — 0.7590; TP2 — 0.7620. Reason: a support of Tenkan-sen and Kijun-sen; a...

EUR/USD: the Bears have won 9/18/2018 Technical levels: support – 1.1150; resistance – 1.1190, 1.1210 Trade recommendations: 1. Sell — 1.1190; SL — 1.1210; TP1 — 1.1150; TP2 – 1.1110. Reason: the prices are under the Cloud; a dead cross of Tenkan-sen and Kijun-sen, but the lines are...

EUR/USD: the euro chose its direction 9/18/2016 On the EUR/USD daily chart, the quotes went beyond the 1,1205-1,127 trading channel and allowed traders to open short positions. If the "bears" manage to continue the initiated attack and break through the 1,113 support, the activation of the Bat...

GBP/USD: the pound fell into a bear trap 9/18/2016 On the GBP/USD daily chart, due to the drop in quotes to their September lows, our targets of the short positions on the pound have been fulfilled. Break-point of rising short-term trend is very steady, therefore, traders should focus on the...

AUD/USD & CB Leading Index/RBA Monetary Policy Minutes: Opportunity for buyers ahead? 9/18/2016 Today we'll have a light economic calendar in terms of macroeconomic events, but we'll be watching for the latest developments around the Australian Dollar, as we would be following the CB Leading...

USD/JPY: "Window" acted as a support 9/16/2016 The last “Shooting Star” pattern led to the current bearish price movement. Also, we’ve got a pullback form the lower “Window”, so the market is likely going to reach the nearest Moving Averages. If a pullback from these lines happens, there’ll...