Oil prices: so, we fall again]
9/16/2016
Major oil producers are pulling in their belts as Nigeria and Libya whose supplies have been crushed by a range of domestic conflicts are preparing to add their share of barrels to a global oil glut within weeks. The belts will be pulled even tighter...
EUR/JPY falling inside impulse wave (iii)
9/16/2016
EUR/JPY falling inside impulse wave (iii)
Next sell target - 114.00
EUR/JPY recently reversed down from the resistance zone lying between the resistance level 116.00 (which also earlier reversed the previous minor ABC correction (ii)), the...
USD/JPY reversed form resistance zone
9/16/2016
USD/JPY reversed form resistance zone
Next sell target - 100.00
USD/JPY continues to decline inside the minor impulse wave 3 – which started previously – wine the pair reversed down with the daily Japanese candlesticks reversal pattern Evening...
EUR/USD: "Three Methods" pushed price lower
9/16/2016
There’re a “Harami” and a “Doji” at the local high, which both have been confirmed. So, it’s likely to see another test of the 89 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to reach the...
Why everybody should keep in focus the forthcoming BOJ meeting
9/16/2016
Upcoming BOJ’s decision on interest rate haunts investors and traders. Senior lenders urge Bank of Japan (BOJ) to weigh up its monetary policy of low interest rate saying that it grossly curtails their lending income. This...
GBP/USD: new local high is coming[/B[
9/16/2016
We’ve got a consolidation, which is taking place between the levels 1.3277 – 1.3115. So, the market is likely going to decline towards a support on the 89 Moving Average. If bears be stopped here, then there’ll be an opportunity to see an...
EUR/USD: consolidation between "Thorn" and "Double Bottom"
9/16/2016
The price has been moving between the 89 Moving Average and the nearest resistance at 1.1270. So, the market is likely going to get a support at 1.1196 in the short term. However, if we see a pullback from this level...
Key option levels for Friday, September 16th
9/16/2016
EUR/USD
Main trend Short-term period Medium-term period
Neutral Bearish
Changes in the open interest + 304 400 ? + 148 412 ?
Closest resistance levels 1.1295; 1.1319; 1.1351; 1.1374
Closest support levels 1.1233...
AUD/USD: SSA had stopped the Bears
9/16/2016
Technical levels: support – 0.7490, 0.7450; resistance – 0.7520.
Trade recommendations:
1. Buy — 0.7490; SL — 0.7470; TP1 — 0.7550; TP2 — 0.7580.
Reason: a support of Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen and narrowing...
NZD/USD: QIWI found support from the big fish
9/16/2016
On the NZD/USD daily chart heavy buyer showed his strength near the level of 0.7245. Successful "bear" attack on his position, followed by a break of the correction low at point B (0,7205) activates the pattern "Shark" with 0.7 (88.6%)...
USD/JPY: bears gather strenght for attack
9/16/2016
On the USD/JPY daily chart the "bull" failure to break through the upper limit of the long-term downtrend trade channel and the level of 23.6% Fibonacci from the wave XA (103,18) shows us their weakness. Successful test of the 101.3 support...
EUR/USD & US Core CPI: Further declines ahead of Fed meeting?
9/16/2016
Today at 12:30 GMT will be released the US Core CPI for August and market's analysts are expecting a slight increase from 0.1% to 0.2% and with that scenario, we shouldn't expect more volatility during the event, following...
Top 6 best candlestick reversal patterns
9/15/2016
Eastern wisdom gained iconic status in Western countries. Some people addressed to Eastern thinkers in order to purge themselves from sins and deepen their spirituality, while others learnt how to make money. That’s the case of Japanese candle...
Key option levels for Thursday, September 15th
9/15/2016
EUR/USD
Main trend Short-term period Medium-term period
Bearish Bearish
Changes in the open interest + 149 405 ? + 113 570 ?
Closest resistance levels 1.1306; 1.1329/42; 1.1360; 1.1383
Closest support levels...
EUR/USD: "triangle" is on the eve of completion[/URL]
9/15/2016
There’s a possible triangle in wave [x], so if we see a pullback from the upper side of this pattern, bears are likely going to deliver wave [y] of D. Therefore, we should keep an eye on 1/8 Murrey Math Level (P=200) as a...
AUD/CHF reversed from support zone
9/15/2016
AUD/CHF reversed from support zone
Next buy target - 0.7400
AUD/CHF recently reversed up from the support zone lying between the support level 0.7270 (which reversed earlier waves (a) and 2, as can be seen from the daily AUD/CHF chart below), lower...
EUR/CAD rising inside minor impulse wave (iii)
9/15/2016
EUR/CAD rising inside minor impulse wave (iii)
Next buy target - 1.5000
EUR/CAD continues to rise inside the minor impulse wave (iii) – which belongs to the impulse wave 3 of the sharp intermediate impulse wave (C) from the end of April...
USD/JPY: "Window" going to act as a support once again
9/15/2016
There’s a “Shooting Star” at the local high, which has a confirmation, so the price is likely going to test nearest “Window”. If we see a pullback from it, there’ll be an opportunity to have another upward movement. As we can...
EUR/USD: "Harami" cause bullish movement
9/15/2016
There’s a strong support by the Moving Averages, so we’ve got a “Doji” pattern, which has been confirmed. Therefore, the market is likely going to reach the closest resistance in the short term. If we see a pullback from this line, there’ll...