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USD/JPY rising inside primary impulse wave ? 8/29/2016 USD/JPY rising inside primary impulse wave ? Next buy target - 104.00 USD/JPY continues to rise inside the primary impulse wave ? - which started in the middle of August – when the pair reversed up from the support zone lying between the...

GBP/USD reversed from resistance zone 8/29/2016 GBP/USD reversed from resistance zone Next sell target - 1.3000 GBP/USD continues to decline - following the earlier downward reversal from the resistance level 1.3250 (which is the lower boundary of the powerful resistance area which reversed the...

EUR/USD: wave iii going to be extended 8/29/2016 Wave (c) of [y] was formed last week, so there’s a downward impulse in wave (a), which is taking place on the four-hour chart. Therefore, wave iii of (a) is likely going to be continued in the short term. So, we should keep an eye on 1/8 Murrey...

GBP/USD: "Double Top" led to massive decline 8/29/2016 There’s a “Double Top” pattern, which has been confirmed. Therefore, bears are likely going to move on, so we should keep an eye on the next support at 1.3056. If a pullback from this level be on the table, there’ll be an opportunity to...

EUR/USD: bears celebrating trend breakdown 8/29/2016 We’ve got a “Triple Top” pattern, which led to the current bearish price movement. Also, the last uptrend has been broken. So, the price is likely going to reach a support at 1.1130 in the short term. The pair faced a support at 1.1176...

Key option levels for Monday, August 29th 8/29/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 39 305 ? - 29 614 ? Closest resistance levels 1.1221; 1.1250; 1.1271; 1.1299 Closest support levels 1.1187...

GBP/AUD reversed from resistance zone 8/26/2016 GBP/AUD reversed from resistance zone Next sell target - 1.7000 GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.7500, 61.8% Fibonacci correction of the previous minor impulse wave 3 and the lower...

USD/JPY: unending consolidation 8/26/2016 We’ve got a “Shooting Star” and a “Tweezers” at the local high, but both patterns haven’t been confirmed yet. So, there’s an opportunity to see one more test of the nearest “Window”. If it acts as a support, bulls are likely going to reach the 34...

NZD/USD reached buy target 0.7300 8/26/2016 NZD/USD reached buy target 0.7300 Next buy target - 0.7400 NZD/USD continues to rise after the earlier breakout of the resistance level 0.7300, which was set as the buy target in our previous forecast for this currency pair. The breakout of the...

EUR/USD: bulls supported by "Hammer" 8/26/2016 There’s a correction under the nearest “Window”. Also, we’ve got a “Hammer” on the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to test the “Window” once again. If we see a pullback from its upper side...

EUR/USD: bears going to deliver wave iii 8/26/2016 There’s a possible ended zigzag in wave (c) of [y], which led to form a downward impulse in wave i. Also, we’ve got a double pullback from 6/8 Murrey Math Level (P=200). Under this circumstances, bears are likely going to deliver wave iii of...

USD/JPY: under the Senkou Span A 8/26/2016 Technical levels: support – 100.00; resistance – 100.40. Trade recommendations: 1. Sell — 100.40; SL — 100.60; TP1 — 99.00; TP2 — 98.50. Reason: a bearish Ichimoku Cloud; Tenkan-sen and Kijun-sen are horizontal; a strong consolidation under...

EUR/USD: the Bulls are trying to return the positions 8/26/2016 Technical levels: support – 1.1270; resistance – 1.1330, 1.1360, 1.1450. Trade recommendations: 1. Buy — 1.1300; SL — 1.1280; TP1 — 1.1360; TP2 – 1.1450. Reason: a dead cross of Tenkan-sen and Kijun-sen, but the bullish Ichimoku...

GBP/USD: price faced support by local uptrend 8/26/2016 There’s a “Double Top” pattern, which has been confirmed, so the market achieved a support at 1.3160. Therefore, bears are likely going to reach the next support at 1.3119 soon. At the same time, if a pullback from this level be on the...

EUR/USD: local upward movement going to move on 8/26/2016 Bulls faced a resistance on the 34 Moving Average, so the price is currently declining. Considering the last “Double Top” pattern, the market is likely going to get a support at 1.1235 – 1.1222 in the short term. If we see a pullback...

Gold: bears want to leave the ledge 8/26/2016 On the daily chart of XAU/USD the bears managed to bring the pair below the lower border of the short-term uptrend and pull it to support at $1313 an ounce. Successful test of the ledge's lower border ("Spike and ledge" pattern based on 1-2-3) will...

EUR/USD: euro met an inside bar 8/26/2016 On the daily EUR/USD chart the bulls managed to make the pair hold above support at 1.1269 and counterattacked. The pair formed an inside bar, which points at uncertainty. The break of yesterday's low at 1.124 will make the pair decline to 1.1175...

EUR/USD ahead of Jackson Hole: Will Janet Yellen define us today the mid-term trend for US Dollar? 8/26/2016 Today at 14:00 GMT will be the main event of the week in financial markets, as the Fed Chairwoman Janet Yellen will speak at the Jackson Hole Symposium and all traders will be looking...

USD/JPY: bulls and bears fighting inside the "Window" 8/25/2016 There’s a strong resistance by the 21 Moving Average, so we’ve got a “Shooting Star” on this line. However, a confirmation of this pattern is a quite weak, so the nearest “Window” is likely going to be tested once again. As we...

EUR/USD: bulls going to test "Window" once again 8/25/2016 There’s a correction inside the main bullish trend. We’ve got a “Hammer” in the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to get a resistance on the upper side of the nearest “Window”. If we...