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Trade balance and exchange rate: what you need to know 9/9/2016 Trade balance and exchange rate: what you need to know Perhaps every trader while reading financial news comes across some incomprehensible concepts or just cannot trace the correlations between economic events and their...

GBP/USD: "Double Bottom" led to local correction 9/9/2016 The price found a support at 1.3277, which led to the last upward movement. However, we’ve got a “V-Top” pattern, so the market is likely going to achieve the next support at 1.3247, which is strengthened by the uptrend. If we see a...

EUR/USD: "V-top" brought bears into the market 9/9/2016 The last upward price movement has been stopped by a resistance at 1.1324, so we’ve got a “Thorn” pattern. Therefore, the market is likely going to get a support at 1.1251 in the short term. If we see a pullback from this level, there’ll...

AUD/USD: on the Clouds support 9/9/2016 Technical levels: support – 0.7625; resistance – 0.7700. Trade recommendations: 1. Buy — 0.7620/25; SL — 0.7600; TP1 — 0.7700; TP2 — 0.7730. Reason: a strong support of Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; narrowing bearish...

GBP/USD: correction to the Cloud 9/9/2016 Technical levels: support – 1.3270; resistance – 1.3360. Trade recommendations: 1. Buy — 1.3270; SL — 1.325; TP1 — 1.3360; TP2 — 1.3420. Reason: a bullish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen but the strong support of Cloud...

EUR/USD: keeping stand above the Cloud 9/9/2016 Technical levels: support – 1.1240/60; resistance – 1.1300/20. Trade recommendations: 1. Buy — 1.1260; SL — 1.1240; TP1 — 1.1320; TP2 – 1.1380. Reason: the prices are above the Cloud; a new golden cross of Tenkan-sen and Kijun-sen; a bullish...

AUD/USD: bears countercharged 9/9/2016 On the daily AUD/USD chart the attempt of the bulls to restore the uptrend ended in a failure. The break of support at 0.7611-0.7625 may lead to a correction towards 0.752. The nearest resistance level is near 0.773. AUD/USD breached the lower border of...

EUR/USD: bulls made a stop 9/9/2016 On the daily EUR/USD chart the bulls failed to settle above the lower border of the bullish trend channel. If another attack on resistance at 1.1330 is successful, the risks of continuation towards 1.1415 and 1.1462 will increase. The nearest support levels...

USD/CAD & Employment Change: Is the next target placed at 1.30 handle? 9/9/2016 In Canada, at 12:30 GMT we'll have the Employment Change's release and the analysts are expecting a change from -31.2K to 15.0K and with that scenario, CAD pairs should see volatility during the event. During...

Forex trading plan for September 9 9/8/2016 USD: US unemployment claims were a bit better – lower – than expected (259K vs. 264K). FOMC Member Rosengren will speak at 11:45 GMT on Friday. EUR: The European Central Bank left the key interest rates unchanged and said that expects them to stay...

Recent economic developments for AUD 9/8/2016 After Australian Q2 GDP release had been published, it became clear that expectations of economists were almost fully justified: the 0.5% quarterly expansion was slightly off the 0.6% pace predicted, on top of this, the year-over-year expansion was...

EUR/USD: wave i going to begin 9/8/2016 As we can see on the one-hour chart, bulls haven’t broken 7/8 MM Level, which points to a possible ending of the current upward impulse in wave (c) of [x]. Therefore, it’s likely to have a bearish wave i, which is going to reach 4/8 MM Level. More...

ECB: main moments of Mario Draghi’s press conference 9/8/2016 - The euro zone’s economy is resilient, but the risks to the economic growth are to the downside. - The ECB will continue its monetary stimulus measures. - Economic growth and inflation forecasts are slightly revised to the...

What do analysts recommend ahead of the ECB? 9/8/2016 Morgan Stanley: Bullish view on the euro. So far the euro zone’s economy hasn’t been hit too hard by Brexit. ECB will ease policy in December. Barclays: The ECB will adopt a wait and see approach. The outlook for EUR/USD is neutral. Bank...

USD/JPY: bears going to deliver new low 9/8/2016 There’s a bearish “Harami” at the local high, but its confirmation isn’t enough. 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 decline. As we can...

EUR/USD: "Window" waiting for bulls 9/8/2016 There’s a local bullish trend on the four-hour chart. Also, we’ve got a “Harami” at the local low, which has been confirmed. The last candles are bullish and there isn’t any reversal pattern so far, which makes possible an achievement of the upper...

AUD/CAD rising inside minor impulse wave 9/8/2016 AUD/CAD rising inside minor impulse wave Next buy target - 1.0000 AUD/CAD continues to rise inside the minor impulse wave (iii) – which started earlier – when the pair reversed up from the support zone lying between the support level 0.9800...

GBP/AUD reversed from resistance zone 9/8/2016 GBP/AUD reversed from resistance zone Next sell target - 1.7000 GBP/AUD recently reversed down from the resistance zone lying between the pivotal resistance level 1.7650 (which has been reversing the price from July), upper daily Bollinger Band and...

Key option levels for Thursday, September 8th 9/8/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 122 624 ? - 65 041 ? Closest resistance levels 1.1266; 1.1285; 1.1316; 1.1357 Closest support levels 1.1232...

GBP/USD: "Double Top" gets in the way of bulls 9/8/2016 We’ve got a “V-Top” pattern, so the price reached a support at 1.3302. Therefore, the market is likely going to achieve the next support at 1.3277 – 1.3247 in the short term. Considering the previously formed “Double Bottom” pattern...