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GBP/USD: outlook for August 8-14 8/5/2016 The Bank of England eased monetary policy in order to reduce uncertainty caused by Brexit. The regulator cut the benchmark interest rate from 0.5% to 0.25% and expanded bond buying by 60 billion pounds of government bonds and 10 billion pounds of...

EUR/USD: outlook for August 8-14 8/5/2016 EUR/USD rose to 6-week highs above 1.12, but 2016 resistance line limited further advance. The pair was constrained on the upside by 100-day MA. All in all, the lines are horizontal, which means that there’s no strong pull for the pair in either...

US dollar: outlook for August 8-14 8/5/2016 In the first days of the past week the US dollar was still feeling the negative impact of the market’s disappointment with weak American Q2 GDP growth. ISM manufacturing and services PMIs also declined, though the sectors kept growing, just at a...

EUR/NZD reversed from resistance zone 8/5/2016 EUR/NZD reversed from resistance zone Next sell target - 1.5400 EUR/NZD continues to fall inside the minor impulse wave 3 - which belongs to the intermediate downward impulse (5) from the middle of July. Impulse wave (5) started when the pair...

GBP/NZD under bearish pressure 8/5/2016 GBP/NZD under bearish pressure Next sell targets - 1.8000 and 1.7750 GBP/NZD has been falling in the last few trading sessions inside the intermediate impulse wave (3), which is the part of the primary downward impulse wave ⑤, which started earlier – when...

USD/JPY: Moving Average waiting for bulls 8/5/2016 There's an “Engulfing” at the local high, so the market is likely going to reach the nearest support line in the short term. As we can see on the Daily chart, the last candles are bearish and there isn’t any reversal pattern so far. Also...

EUR/USD: "Engulfing" set up bullish correction 8/5/2016 There’s a “Hammer” at the local low, which has been confirmed enough. So, it’s likely that the price is going to reach the nearest resistance in the short term. If we see a pullback from this level, there’ll be an opportunity to see a...

Key option levels: August 5 8/5/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 11 757 ? + 118 596 ? Closest resistance levels 1.1188; 1.1215; 1.1234; 1.1256 Closest support levels 1.1103; 1.1068; 1.1044...

GBP/USD: "Triple Top" points to bear's reappearance 8/5/2016 The price was consolidating along a resistance at 1.3339, which ended up by the massive decline. However, bears faced a support at 1.3119, which led to the current local upward movement. So, sellers are likely going to move on. The...

EUR/USD: bears dominating after "V-Top" pattern 8/5/2016 There’s a “V-Top” pattern, so the price is trading near the Moving Average lines. Therefore, it’s likely that the market is going to decline towards a support at 1.1083 – 1.1059 in the short term. If we see a pullback from this area, a...

USD/JPY: bearish mood is active 8/5/2016 Technical levels: support – 100.80; resistance – 101.50, 101.80. Trade recommendations: 1. Sell — 101.50; SL — 101.70; TP1 — 100.60; TP2 — 99.60. Reason: actual dead cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud. More...

EUR/USD: euro hovered above the cloud 8/5/2016 Technical levels: support – 1.1130/40, 1.1105; resistance – 1.1170, 1.1220. Trade recommendations: 1. Sell — 1.1170; SL — 1.1190; TP1 — 1.1105; TP2 – 1.1080. Reason: bullish Ichimoku Cloud, but falling down Senkou Span A; dead cross of...

GBP/USD: bears took hold of pound 8/5/2016 On the daily chart GBP/USD came to the lower border of the medium-term consolidation range of 1.3075-1.3494. The break of support will activate AB=CD pattern with target at 1.2870. On H1 the materialization of the models "3 Indians" and "Head and...

EUR/USD: bearish wave [iii] going to start soon 8/5/2016 Wave was possible ended yesterday, so there’s time for a local correction. Previously, wave 4 finished in a form of a “Double Three”, so we’ve got a pullback from 4/8 Murrey Math Level (P=200). The main target for wave [ii] is 3/8...

EUR/USD is stuck in the dead area 8/5/2016 On the daly chart the pair keeps moving in line with scenario we've outlined in the previous article: the recoil down from the upper border of the descending trend channel (painted in red) and the following growth towards 1.1175. If the bulls manage to...

USD/JPY & US NFP July Release: It's time for greenback's bulls? 8/5/2016 Today at 12:30 GMT will be released the US Non-Farm Employment change, where the markets are expecting a decrease from 287K to 180 for July's reading. However, last month's data was very positive and Wednesday's US ADP...

Key option levels: August 4 8/4/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 16 208 ↑ + 50 131 ↑ Closest resistance levels 1.1176; 1.1198; 1.1223; 1.1259 Closest support levels 1.1119; 1.1084; 1.1041; 1.0995...

EUR/CAD reversed from resistance zone 8/4/2016 EUR/CAD reversed from resistance zone Next sell target - 1.4400 EUR/CAD continues to fall after the earlier downward reversal from the resistance zone lying between the resistance level 1.4730 (which has been reversing the price from the middle of...

EUR/AUD reversed from resistance level 1.4900 8/4/2016 EUR/AUD reversed from resistance level 1.4900 Next sell target - 1.4500 EUR/AUD continues to fall strongly inside the minor impulse wave (iii) – which began earlier - when the pair reversed down from the resistance zone lying between the...

AUD/USD: the Bulls are on the attack 8/4/2016 Technical levels: support – 0.7560, 0.7590; resistance – 0.7620. Trade recommendations: 1. Buy — 0.7590; SL — 0.7570; TP1 — 0.7680; TP2 — 0.7750. Reason: bullish Ichimoku Cloud, Senkou Span A and B are growing up; a new golden cross of Tenkan-sen...