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EUR/USD: consolidation going to move on 9/8/2016 The market is consolidating under the closest resistance at 1.1270. Therefore, bears are likely going to reach a support at 1.1220 in the short term. If we see a pullback from this line, there’ll be a chance to have another bullish movement...

EUR/USD & September's ECB Meeting: Is the time for sellers? 9/8/2016 Today at 11:45 GMT we'll have the ECB interest rate decision, where it's expected to leave unchanged the rates on the zero level. At 12:30 GMT, Mario Draghi will speak during a press conference and analysts think that he'll...

Forex trading plan for September 8 9/7/2016 US dollar kept suffering after American ISM services PMI fell by 4.1 pints to 6-1/2-year low of 51.4 in August. The release reduced the prospects of the Federal Reserve’s interest rate hike on September 21 meeting. The futures market is now pricing...

EUR/USD: consolidation inside "Triangle" 9/7/2016 The wave count has been changed. We’ve got a new high, so the last downward price movement turns out to be a zigzag in wave [w]. So, the price is likely going to test 5/8 Murrey Math Level (P=200). If we see a pullback from this level...

USD/JPY: bears going to reach "Window" 9/7/2016 There’s a bullish “Doji” at the local low, but its confirmation isn’t enough. Therefore, the market is likely going to test the upper “Window”, but if we see a pullback from it, there’ll be an opportunity to have a new low. As we can see on the...

Key option levels for Wednesday, September 7th 9/7/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 102 ? + 138 807 ? Closest resistance levels 1.1268/78; 1.1295; 1.1323; 1.1361 Closest support levels 1.1236...

EUR/USD: "Tweezers" points to a possible bearish correction 9/7/2016 There’s a “Hammer” at the local low, which has been confirmed enough. However, we’ve got a “Harami” at the last high, so the market is likely going to test the nearest support line. If we see a pullback from this level...

NZD/USD reached buy target 0.7400 9/7/2016 NZD/USD reached buy target 0.7400 Next buy target - 0.7500 NZD/USD continues to rise sharply – following the earlier breakout of the resistance zone lying at the intersection of the resistance level 0.7400 (which was set as the buy target in our...

AUD/NZD broke key support level 1.0320 9/7/2016 AUD/NZD broke key support level 1.0320 Next sell target - 1.0200 AUD/NZD today broke below the key support level 1.0320 (which stopped the previous intermediate impulse wave (1) at the start of July, as can be seen below). The breakout of the...

GBP/USD: bulls going to test last high once again 9/7/2016 Yesterday bulls reached a resistance at 1.3471, so we’ve got a local consolidation in progress. Also, there’s a “V-Top” pattern, so the market is likely going to decline towards a support at 1.3370 – 1.3345 in the short term. At the...

EUR/USD: downward correction is about to start[/] 9/7/2016 There’s a bullish “Double Bottom”, which led to the current upward price movement. Finally, bulls faced a resistance at 1.1270, so we’ve got a local consolidation. Therefore, the market is likely going to reach the nearest support at...

USD/JPY: falling down under the Cloud 9/7/2016 Technical levels: support – 101.20, 100.40; resistance – 101.75, 101.90. Trade recommendations: 1. Sell — 101.90; SL — 102.10; TP1 — 101.20; TP2 — 100.40. Reason: a bullish Ichimoku Cloud, but the falling down Senkou Span A; a dead cross of...

GBP/USD: going to the new highs 9/7/2016 Technical levels: support – 1.3365, 1.3315; resistance – 1.3480. Trade recommendations: 1. Buy — 1.3365; SL — 1.3345; TP1 — 1.3450; TP2 — 1.3480. 2. Sell — 1.3480; SL — 1.3500; TP1 — 1.3365; TP2 — 1.3250. Reason: rising bullish Ichimoku Cloud; a...

EUR/USD: breaking through the Cloud 9/7/2016 Technical levels: support – 1.1220/30; resistance – 1.1280, 1.1300. Trade recommendations: 1. Buy — 1.1230; SL — 1.1210; TP1 — 1.1280; TP2 – 1.1300. Reason: the prices are above the Cloud; a new golden cross of Tenkan-sen and Kijun-sen; a bearish...

USD/CAD before BoC interest rate decision: Are the bulls ready to come back? 9/7/2016 Today will be a volatile session for CAD pairs, as the Bank of Canada will release its interest rate decision at 14:00 GMT, where the markets are forecasting an unchanged outcome on the 0.50% which has been...

EUR/CAD falling inside c-wave 9/6/2016 EUR/CAD falling inside c-wave Next sell target - 1.4300 EUR/CAD has been falling in the last few trading sessions inside the c-wave of the minor ABC correction (ii) from the start of August. The active c-wave started when the pair reversed down from the...

USD/CAD reversed from resistance zone 9/6/2016 USD/CAD reversed from resistance zone Next sell target - 1.2800 USD/CAD recently reversed down sharply from the major resistance level 1.3120 (which is the lower boundary of the powerful resistance zone which has been reversing this currency pair...

USD/JPY: “Engulfing" highlights possibility to have new local low 9/6/2016 The nearest “Window” acted as a support, so we’ve got bearish patterns here such as an “Engulfing”, a “Doji”, a “Three Black Crows” and a new arrival “High Wave”. However, the last pattern has a quite weak...

EUR/USD: "Window" waiting for price 9/6/2016 There’re a “Doji”, a “High Wave” and a “Tower” on the 34 and 55 Moving Averages. However, we’ve got a “Hammer” at the local low, which has been confirmed, so the price is likely going to test 89 Moving Average once again. If a pullback from this...

EUR/USD: bears going to develop "Wedge" 9/6/2016 We’ve got a possible wedge in wave (a), which was started after two pullbacks from 6/8 Murrey Math Level (P=200). So, it’s likely that wave v of (a) is going to be continued in the short term. The main bearish intraday target is 1/8 MM Level...