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GBP/USD & UK Services PMI: Where will we see the top on Sterling? 9/5/2016 Today at 08:30 GMT will be published the UK services PMI and analysts are expecting a somehow of increase from 47.4 to 49.1. As that indicator had been posting numbers below the 50.0 levels, we're in front of a...

USD/JPY: bulls going to reach "Window" 9/2/2016 The last bearish “Engulfing” hasn’t been confirmed, so the price is still moving up. So, bulls are likely going to get a resistance on the nearest “Window”. As we can see on the Daily chart, there’s a “Shooting Star”, but it doesn’t have a...

EUR/USD: "Shooting Star" led to bearish correction 9/2/2016 We’ve got a “Doji” and a “Tower” at the local high, but these patterns haven’t been confirmed yet. So, the market is likely going to test the nearest support line. If we have a pullback from this line, bulls will probably try to...

NZD/JPY rising inside minor correction 2 9/2/2016 NZD/JPY rising inside minor correction 2 Next buy target - 76.60 NZD/JPY continues to rise inside the (c)-wave of the minor correction 2, which started earlier – when the pair reversed up from the support zone lying between the lower daily...

NZD/CAD approached pivotal resistance level 0.9550 9/2/2016 NZD/CAD approached pivotal resistance level 0.9550 Next buy target - 0.9650 NZD/CAD has been rising in the last few trading session inside the minor impulse wave (iii) – which belongs to the impulse wave 3 - which began recently – when...

EUR/USD: wave iv going to be continued 9/2/2016 Yesterday wave iv was started, so there’s an upward correction on the way. Nevertheless, if we see a pullback from 4/8 Murrey Math Level (P=200), bears are likely going to deliver wave v of (a). If so, we should keep an eye on 2/8 MM Level as a...

Key option levels for Friday, September 2nd 9/2/2016 GBP/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 2 563 ? + 2 158 ? Closest resistance levels 1.3296; 1.3322; 1.3342; 1.3367 Closest support levels 1.3260; 1.3242...

USD/JPY: the Dollar is still under pressure 9/2/2016 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...

AUD/USD: correction may continue 9/2/2016 Technical levels: support – 0.7530; resistance – 0.7590, 0.7680. Trade recommendations: 1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7530; TP2 — 0.7500. Reason: a dead cross of Tenkan and Kijun; a bearish Ichimoku Cloud. More...

EUR/USD: the Bulls have reached the resistance 9/2/2016 Technical levels: support – 1.1170; resistance – 1.1205. Trade recommendations: 1. Sell — 1.1200; SL — 1.1220; TP1 — 1.1130; TP2 – 1.1090. Reason: a cancelled dead cross of Tenkan-sen and Kijun-sen; a bearish Ichimoku Cloud; a strong...

GBP/USD: "V-Top" highlights possibility to have bearish correction There’s a “Triple Bottom” pattern, which brought bulls into the market. Also, the last downtrend has been broken. Considering a local “V-Top” pattern, there’s an opportunity to have a decline towards the nearest support at...

EUR/USD: euro decided on correction 9/2/2016 The bulls managed to make a counterattack. The signal was the recoil of the upper border of the downtrend channel and the following break of 1.116-1.1175 convergence area. If the bears fail to stop their adversaries at the current resistance...

EUR/USD: "Triple Bottom" set up upward correction 9/2/2016 We’ve got a “Triple Bottom” pattern, which led to the current upward price movement. However, bulls faced a resistance on the Moving Averages, so we’ve got a local consolidation here. Therefore, the market is likely going to reach a...

EUR/USD ahead August's US NFP data: Is the ground ready for a rate hike on September? 9/2/2016 A rate hike by the Fed is on the discussion's board nowadays and traders will be looking for hints at today's US NFP data, to be released at 12:30 GMT and analysts are expecting a decrease from...

USD/JPY: bulls can push the market even higher[/] 9/1/2016 The market has been rising since Monday. Moreover, we’ve got a “Three Methods” pattern, which means bulls could push the market even higher towards the nearest “Window”. As we can see on the Daily chart, we haven’t got any reversal...

EUR/USD: consolidation between two "Harami" 9/1/2016 We’ve got an “Inverted Hammer” and an “Engulfing” at the local lows, but this patterns haven’t been confirmed yet. Therefore, the market is likely going to test the nearest “Window” once again. As we can see on the Daily chart, there’re a...

GBP/CHF rising inside minor impulse wave 1 9/1/2016 GBP/CHF rising inside minor impulse wave 1 Next buy target - 1.3200 GBP/CHF continues to rise inside the minor impulse wave 1, which started earlier – when the pair reversed up from the support zone lying between the strong support level...

NZD/CHF broke resistance level 0.7150 9/1/2016 NZD/CHF broke resistance level 0.7150 Next buy target - 0.7220 NZD/CHF continues to rise – following the earlier breakout of the key resistance level 0.7150 (which stopped the previous sharp impulse wave (i) at the start of August, as can be seen...

EUR/USD: bearish extension going to move on [/B] 9/1/2016 There’s a bearish impulse in wave (a), which is taking place on the four-hour chart. Previously, we’ve got two pullbacks from 6/8 Murrey Math Level (P=200). So, bears are likely going to finish wave iii of (a) in the short term. If we...

GBP/USD: local "Triple Bottom" led to bullish correction 9/1/2016 There’s a “Triple Bottom” pattern, which led to the current consolidation. So, the market is likely going to get a resistance at 1.3183 – 1.3209 in the short term. At the same time, bears will probably try to reach a support at...