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GBP/USD: consolidation after three "V-tops" in a row 9/6/2016 There’s a “V-Top” pattern, so the price is consolidating. Therefore, the market is likely going to reach a support at 1.3277 – 1.3247 in the short term. Considering a previously formed “Triple Bottom” pattern, there’s a chance to...

Forex tips: Pivot Points Multi-timeframe indicator 9/6/2016 How is pivot point calculated? Pivot Point is a technical indicator calculated as the average of the high, low and closing prices from the previous trading period. This central pivot point is used to calculate further support and...

EUR/USD: "Double Bottom" stopped bears 9/6/2016 There’s a “Thorn” pattern, which led to an achievement of the nearest support at 1.1145. So, the market is likely going to reach the next support at 1.1130 – 1.1113 in the short term. If we see a pullback from this area, there’ll be an...

USD/JPY: hard to rise 9/6/2016 Technical levels: support – 102.50, 101.20; resistance – 103.70, 104.10. Trade recommendations: 1. Sell — 103.50; SL — 103.70; TP1 — 102.50; TP2 — 101.20. Reason: a bullish Ichimoku Cloud and the cancelled golden cross of Tenkan-sen and Kijun-sen; the strong...

AUD/USD: the Bulls are started attacking 9/6/2016 Technical levels: support – 0.7560, 0.7610; resistance – 0.7640, 0.7680. Trade recommendations: 1. Buy — 0.7610; SL — 0.7590; TP1 — 0.7680; TP2 — 0.7700. Reason: the prices are breakout the Senkou Span B; a golden cross of Tenkan-sen and...

AUD/USD: the bulls are serious 9/6/2016 On the daily AUD/USD chart the buyers managed to return the pair inside the bullish trend channel and settle anbove an important level of 76.1 (23.6% Fibo of the last medium-term wave). As long as the pair is trading above 0.757, the market's sentiment...

EUR/USD ahead of ISM Non-Manufacturing PMI: Where are the bulls? 9/6/2016 Today at 14:00 GMT will be released the ISM Non-Manufacturing PMI in the United States, which is expected to see a decline from 55.5 to 55.0. Because of the market's reaction, readings above the forecasted should...

USD/JPY: “Evening Doji Star” set up bearish correction 9/5/2016 We’ve got a pullback from the upper “Window”, which brought bearish patterns such a “Doji”, an “Engulfing” and a “Three Black Crows”. Considering that all these patterns have been confirmed, there’s an opportunity to have a...

EUR/USD: "Harami" points to a possible new low 9/5/2016 We’ve got a “Doji” and a “High Wave” at the last high, which both have been confirmed. Therefore, the market is likely going to test the nearest “Window” once again. If we see a pullback from this level, there’ll be an opportunity to...

EUR/AUD falling inside minor impulse wave 9/5/2016 EUR/AUD falling inside minor impulse wave Next sell target - 1.4600 EUR/AUD continues to fall inside the minor impulse wave (iii) – which started earlier – when the pair reversed down from the resistance zone lying between the resistance level...

EUR/NZD approaching support level 1.5220 9/5/2016 EUR/NZD approaching support level 1.5220 Next sell target - 1.5100 EUR/NZD has been falling sharply in the last few trading sessions – following the earlier breakout of the support level 1.5400 (which was set as the sell target in our previous...

Key option levels for Monday, September 5th 9/5/2016 EUR/USD (UPD 8:59 UTC) Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 86 464 ? + 222 250 ? Closest resistance levels 1.1187; 1.1205; 1.1231; 1.1266 Closest support levels...

EUR/USD: bearish wedge going to move on 9/5/2016 There’s a possible wedge in wave (a). Previously, we’ve got two pullbacks from 6/8 Murrey Math Level (P=200), which led to the current downward price movement. Wave iv was formed last Friday, so there’s an opportunity to have wave v of (a) in...

GBP/USD: support waiting for bears 9/5/2016 We’ve got a “Triple Bottom” pattern, which led to the current upward price movement. Bulls faced a resistance at 1.3345 last Friday, so there’s a local consolidation. Therefore, the market is likely going to reach a support at 1.3277 – 1.3247 in the...

EUR/USD: "V-top" led to decline 9/5/2016 The price faced a resistance at 1.1244, which led to form a “Thorn” pattern, so bears reached a support at 1.1160 last Friday. Therefore, the market is likely going to continue falling down towards the next support at 1.1130 in the short term. If we...

USD/JPY: the overbought market 9/5/2016 Technical levels: support – 102.50, 101.20; resistance – 103.70, 104.10. Trade recommendations: 1. Sell — 103.50; SL — 103.70; TP1 — 102.50; TP2 — 101.20. Reason: a bullish Ichimoku Cloud and the golden cross of Tenkan-sen and Kijun-sen, but the strong...

AUD/USD: testing the Cloud 9/5/2016 Technical levels: support – 0.7560; resistance – 0.7610, 0.7625. Trade recommendations: 1. Sell — 0.7620; SL — 0.7640; TP1 — 0.7560; TP2 — 0.7530. Reason: a golden cross, but the all lines of Ichimoku Indicator are horizontal; a bearish Ichimoku Cloud...

EUR/USD: the Bulls are active again 9/5/2016 Technical levels: support – 1.1170; resistance – 1.1205, 1.1245. Trade recommendations: 1. Buy — 1.1170; SL — 1.1150; TP1 — 1.1245; TP2 – 1.1280. Reason: a golden cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud but the rising Senkou...

USD/JPY: bulls made a large player angry 9/5/2016 On the daily chart USD/JPY didn't managed to overcome resistance at 104.24, which lies at the upper border of the descending trend channel. gere is also 38.2% Fibo of the previous descending wave and the lower border of the shorts accumulation...

EUR/USD: noone wanted to yield 9/5/2016 On the daily EUR/USD chart there's desperate struggle between large buyers and sellers. The pair recoiled from the lower border of the shorts accumulation area of 1.1250-1.1350 and returned to longs accumulation area of 1.1130-1.12. The decline will...