Search results

EUR/USD: bears keep advancing 8/31/2016 On the daily chart EUR/USD, as expected, renewed minimum of the doji bar, which led to continuation of the downtrend. The sentiment remains bearish. Risks of decline towards 1.1110 and 1.1070 are significant. The nearest resistance levels are close to...

USD/CAD & Crude Oil Inventories: Strong resistance in place? 8/31/2016 Today at 14:30 GMT will be released the US crude oil inventories, following an unexpected number that weighed on the oil prices during last week. For this time, we could see a decrease from 2.5M to 1.1M, according to the...

USD/JPY: "Window" waiting for bears 8/30/2016 Bulls have got a support by the nearest “Window”, so there’s a “Morning Doji Star”, which has been confirmed. Therefore, the price is likely going to test the “Window” once again, but if we see a pullback from it, then bulls will be free to...

EUR/USD: "Hammer" points to possible bullish correction 8/30/2016 We’ve got a “Hammer” and a “Harami” at the last local lows, but their confirmation is a quite weak. So, the market is likely going to test the nearest support line once again. If a pullback from this level happens, there’ll be...

EUR/GBP rising inside intermediate impulse wave EUR/GBP rising inside intermediate impulse wave Next buy target - 0.8600 EUR/GBP recently reversed up from the support zone lying between the support level 0.8500 and the 50% Fibonacci correction of the previous sharp upward impulse from the...

AUD/USD reversed from strong resistance zone 8/30/2016 AUD/USD reversed from strong resistance zone Next sell targets - 0.7500 and 0.7400 AUD/USD has been falling in the last two weeks inside the intermediate impulse wave (3) – which started earlier – when the pair reversed down from the strong...

GBP/USD: "Double Top" highlights possible decline 8/30/2016 Bears faced a support at 1.3056, so we’ve got an upward correction in progress. Also, there’s a “Double Top”, so bears are likely going to reach a support at 1.3022. However, if a pullback from this level be on the table, there’ll be...

EUR/USD: new low coming soon 8/30/2016 The price faced a support at 1.1160, so we’ve got a local consolidation. Considering a bearish “Triple Top” pattern, the market is likely going to falling down in the short term. If we see a pullback from the next support at 1.1130, there’ll be an...

Key option levels for Tuesday, August 30th 8/30/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 216 532 ? + 70 035 ? Closest resistance levels 1.1216; 1.1243; 1.1265; 1.1293 Closest support levels 1.1153...

AUD/USD: at the crossroads 8/30/2016 Technical levels: support – 0.7540/60; resistance – 0.7590, 0.7620. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7620; TP2 — 0.7680. Reason: Tenkan-sen and Kijun-sen are horizontal; a bearish Ichimoku Cloud, but the Senkou Span B is going...

GBP/USD: the Bulls have lost the positions above the Cloud 8/30/2016 Technical levels: support – 1.3020, 1.2965; resistance – 1.3120. Trade recommendations: 1. Sell — 1.3080; SL — 1.3100; TP1 — 1.3020; TP2 — 1.2965. Reason: a bullish Ichimoku Cloud, but the Tenkan-sen and Kijun-sen are...

EUR/USD: on the Clouds support 8/30/2016 Technical levels: support – 1.1160, 1.1100; resistance – 1.1205, 1.1250. Trade recommendations: 1. Buy — 1.1160; SL — 1.1140; TP1 — 1.1205; TP2 – 1.1250. Reason: a cancelled dead cross of Tenkan-sen and Kijun-sen; a bullish Ichimoku Cloud and a strong...

USD/jPY: bulls backed off 8/30/2016 On the daily chart the break of resistance at 100.83 made the pair go to the upper border of the previous consolidation range of 100.8-102.7. If the sellers manage to keep the pair below yesterday's high, pin bar after the 80-20 model will increase the risks...

EUR/USD is losing ground 8/30/2016 On the daily chart EUR/USD after reaching the targets of AB=CD pattern and leaving the bullish channel the euro reached support at 1.1175 (38.2% of the last descending wave). As a result, the pair formed a doji bar. If the pair falls below its minimum, risks...

USD/JPY & CB Consumer Confidence: How long can be the correction in the US dollar? 8/30/2016 This week we'll have some major headlines in terms of macro data from the United States and today we'll start with the CB Consumer Confidence due to be released at 14:00 GMT. Last reading gave us a 97.3...

US dollar: outlook for Aug. 29 - Sep. 4 8/29/2016 US dollar index made strong gains on Friday closing above July-August resistance line. US currency has potential to strengthen to 95.95 (May high) and 96.00. Support is in the 94.95 area. Data confirmed that US GDP growth has slowed down in Q2...

AUD/USD: outlook for Aug. 29 - Sep. 4 8/29/2016 AUD/USD formed a very bearish candle on Friday and fell below May-July support line. The decline of Australian dollar was caused by the general strength of the US dollar and a pause in advance of commodity prices. This week Australia will release...

USD/JPY: outlook for Aug. 29 - Sep. 4 8/29/2016 Last week USD/JPY managed to hold above 100.00 support and rise to 101.80 on the hawkish comments from the Federal Reserve. In addition, data showed that Japanese core consumer prices fell for a fifth month in a row and marked the biggest annual...

GBP/USD: outlook for Aug. 29 - Sep. 4 8/29/2016 GBP/USD ended last week in the positive territory, but failed to stay at highs. On the one hand, British pound was supported amid optimism that the consequences of the Brexit decision may not be as severe as first feared, after a report showed...

EUR/USD: outlook for Aug. 29 - Sep. 4 8/29/2016 EUR/USD declined last week closing below the July-August support line and 100-day MA at 1.1220. The decline was caused mainly by the strengthening of the US dollar. The European fundamental factors don’t give the euro many reasons to rise either...