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Key option levels for Thursday, September 1st 9/1/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest -?- (no data) -?- (no data) Closest resistance levels 1.1191; 1.1223; 1.1248; 1.1280 Closest support levels...

EUR/USD: Moving Averages waiting for bulls 9/1/2016 The price faced a support at 1.1113, so we’ve got a consolidation in progress. Also, there’s a “V-Bottom” pattern, so the market is likely going to move up towards the 89 Moving Average. Considering a “Triple Top” pattern, bears will...

USD/JPY: under pressure of 104.00 9/1/2016 Technical levels: support – 102.50, 101.20; resistance – 103.50, 103.70, 104.10. Trade recommendations: 1. Sell — 103.70; SL — 103.90; TP1 — 102.50; TP2 — 101.20. Reason: a bullish Ichimoku Cloud and the golden cross of Tenkan-sen and Kijun-sen, but...

AUD/USD: the Clouds airbag 9/1/2016 Technical levels: support – 0.7500; resistance – 0.7590, 0.7680. Trade recommendations: 1. Buy — 0.7550/60; SL — 0.7540; TP1 — 0.7620; TP2 — 0.7680. Reason: a golden cross, but Kijun-sen is growing; a bullish Ichimoku Cloud. More...

EUR/USD: on the Clouds support 9/1/2016 Technical levels: support – 1.1130, 1.1100; resistance – 1.1260. Trade recommendations: 1. Buy — 1.1160; SL — 1.1140; TP1 — 1.1205; TP2 – 1.1260. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud; the support of Cloud...

GBP/USD & UK Manufacturing PMI: More pressure for the Sterling? 9/1/2016 Today we expect a major macro data from the UK to be released at 08:30 GMT, where we'll know the Manufacturing PMI for August and analysts are expecting a slight improvement in the number from 48.2 to 49.0. There are still...

USD/CAD: the triangle pulls loonie in 9/1/2016 On the daily USD/CAD chart the bulls managed to return the prices inside the the rising triangle. The pair formed a doji bar on August 31. If the pair renews high and attacks resistance at 1.32, this will increase the risks of advance towards 1.33...

GBP/USD went North 9/1/2016 On the daily GBP/USD chart the bulls managed to beat off the bears' attack. Support at 1.3072 held and then the pound went towards the upper border of the triangle. Successful test of the diagonal resistance will increase the risks of growth to 1.327, failure will...

USD/JPY: "Window" acted as support 8/31/2016 We’ve got a bullish trend without any reversal patterns, so the price is likely going to reach the nearest resistance level. As we can see on the Daily chart, the pair is rising towards the 34 Moving Average. If we see any bearish pattern on this...

EUR/USD: "Inverted Hammer" set up bullish correction 8/31/2016 We’ve got a bullish “Inverted Hammer”, but its confirmation is a quite weak. Therefore, the price is likely going to test the nearest “Window” once again. If a pullback from this level happens, there’ll be an opportunity to have...

AUD/USD: bears going to deliver wave iii of (iii) 8/31/2016 There’s a possible wedge in wave , which led to form wave [ii] in a form of a zigzag. Previously, we’ve got two pullbacks from 7/8 Murrey Math Level (P=200) in a row. Therefore, wave [iii] is likely going to be continued, so we...

GBP/JPY rising inside intermediate correction 8/31/2016 GBP/JPY rising inside intermediate correction Next buy target - 140.00 GBP/JPY continues to rise inside the second intermediate corrective wave (2) – which started earlier - when the pair reversed up from the support zone lying between the...

AUD/NZD under bearish pressure 8/31/2016 AUD/NZD under bearish pressure Next sell target - 1.0310 AUD/NZD has been falling in the last few trading sessions – following the earlier breakout of the round support level 1.0500 (which reversed the previous minor impulse wave 1). The breakout of the...

Key option levels for Wednesday, August 31th 8/31/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 60 553 ? + 121 195 ? Closest resistance levels 1.1180(96?); 1.1218; 1.1246; 1.1280 Closest support levels...

EUR/USD: the third wave going to move on 8/31/2016 The market has been falling down since a pullback from 6/8 Murrey Math Level (P=200) happened. So, we’ve got a bearish impulse in wave iii of (a). Therefore, the price is likely going to reach 1/8 MM Level in the short term. As we can see...

GBP/USD: flat going to end 8/31/2016 We’ve got a consolidation, which is taking place on the four-hour chart. Therefore, it’s likely to see a decline towards a support at 1.3056 – 1.3022 in the short term. At the same time, if we have a pullback from these levels, bulls will probably try...

USD/JPY: the Clouds breakout 8/31/2016 Technical levels: support – 102.50, 101.20; resistance – 103.50, 103.70, 104.10. Trade recommendations: 1. Sell — 103.70; SL — 103.90; TP1 — 102.50; TP2 — 101.20. Reason: a bullish Ichimoku Cloud and the golden cross of Tenkan-sen and Kijun-sen, but the...

GBP/USD: holding under the Cloud 8/31/2016 Technical levels: support – 1.3060, 1.3020, 1.2965; resistance – 1.3120. Trade recommendations: 1. Sell — 1.3080; SL — 1.3100; TP1 — 1.3020; TP2 — 1.2965. Reason: narrowing bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices...

EUR/USD: local "V-top" helps bears to move on 8/31/2016 The price faced a support at 1.1130, which brought a consolidation into the market. Also, we’ve got a “V-Bottom” pattern, so bulls are likely going to get a resistance on the 89 Moving Average. Considering a “Triple Top” pattern, bears...

AUD/USD: bears have control 8/31/2016 AUD/USD has reached targets of "Three Indians" pattern. The break below the lower border of the bullish channel means that bears have seized the initiative. The buyers manages to find some support at 0.752, but if the pair falls to yesterday's minimum...