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Key option levels for Thursday, August 25th 8/25/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 64 984 ? + 47 692 ? Closest resistance levels 1.1289; 1.1308; 1.1324; 1.1343 Closest support levels 1.1251...

EUR/USD: bearish impulse in wave iii going to start soon 8/25/2016 We’ve got two pullbacks from 6/8 Murrey Math Level (P=200) in a row, which points to a possible ending of wave [y] of C. Moreover, there’s a downward impulse in wave i, so after a local correction, bears are likely going to...

GBP/USD: "Double Top" stood in the way of bulls 8/25/2016 The price found a resistance at 1.3247, which led to the current consolidation. Also, there’s a “Double Top” pattern. If it confirms, the market is likely going to get a support at 1.3119 in the short term. However, if a pullback from...

EUR/USD: bears going to reach next support 8/25/2016 There’s a “Double Top” pattern, which has been formed under a resistance at 1.1381. However, the price faced a support by the 34 Moving Average afterwards, so there’s a local upward correction on the way. Considering a confirmation of the...

AUD/USD: rebounding from the Senkou Span B 8/25/2016 Technical levels: support – 0.7590, 0.7620; resistance – 0.7680, 0.7720. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7680; TP2 — 0.7720. Reason: a new golden cross of Tenkan-sen and Kijun-sen; bullish Ichimoku Cloud...

EUR/USD: back into the Cloud 8/25/2016 Technical levels: support – 1.1270, 1.1230, 1.1200; resistance – 1.1330, 1.1360, 1.1450. Trade recommendations: 1. Buy — 1.1200; SL — 1.1180; TP1 — 1.1330; TP2 – 1.1360. Reason: a dead cross of Tenkan-sen and Kijun-sen, but the bullish Ichimoku Cloud...

USD/CAD: bulls are fighting back 8/25/2016 On the daily USD/CAD chart there was an unsuccessful attempt of bears to make the prices leave the rising triangle. Recoil from convergence area at 1.273-1.276 (88.6% of the Shark pattern + 61.8% Fibo of the last medium-term bullish wave) let the bulls...

USD/JPY: calm before the storm 8/25/2016 On the daily chart USD/JPY is consolidating in the 99.8-100.8 area. The break of resistance at 100.83 will allow the correction to continue towards 102.25 and 102.69. If the pair renews August low, this will be a signal of the downtrend resumption and...

USD/JPY & US durable goods orders: Greenback ahead of Jackson Hole 8/25/2016 Today at 12:30 GMT we'll know the US durable goods orders on a monthly basis, where the analysts are looking for an increase from -3.9% to 3.3%. This data could be a market mover for today in US dollar, alongside with...

GBP/USD: outlook for August 22-28 8/19/2016 Hello dear traders! My name is Angela, this is FBS analytical portal FX Bazooka and you are watching the weekly outlook for the British Pound. The British pound recovered on solid economic data released in the UK. A block of inflation figures showed...

EUR/USD: outlook for August 22-28 8/19/2016 During the past week EUR/USD mounted from the bottom of the 4-week bullish channel to its top. Next week some correction to the downside may develop. Support is at 1.1260, 1.1235 and 1.1190. Resistance is at 1.1380, 1.1405 and 1.1450. The euro has...

AUD/USD: outlook for August 22-28 8/19/2016 AUD/USD once again failed to get above 0.7755. Close below 100-day MA at 0.7625 will increase bearish pressure on the pair pulling it down to 0.7530/00. Good Australian labor market data failed to trigger sustainable buying of Aussie. Moody’s...

USD/JPY: outlook for August 22-28 8/19/2016 The bears kept USD/JPY pinned to the 100.00 area. The pair was supported as some Japanese investors want to buy dollars on moves towards 99.00. Yet, the picture remains negative and it seems only a question of time before the pair slides down. Target...

US dollar: outlook for August 22-28 8/19/2016 US dollar survived another week of declines. Despite hawkish comments of the Fed members Williams and Dudley, FOMC July meeting minutes showed that not all policymakers think that the central bank should raise rates in the near term. Economic data...

USD/JPY: bulls going to deliver deeper correction 8/19/2016 We’ve got a “Hammer” and a “Harami” at the last lows, which both have been confirmed. So, bulls are likely going to test the nearest resistance line. As we can see on the Daily chart, there’s an “Inverted Hammer”, so an upward...

EUR/USD: "Engulfing" brought bearish correction into the market 8/19/2016 There’s a local correction, which is taking place on the four-hour chart. Previously, a “Harami” pattern was formed at the local high. Therefore, the market is likely going to reach the nearest support line. As we can...

EUR/USD: "Diagonal Triangle" has been formed 8/19/2016 The price faced a resistance on 6/8 Murrey Math Level (P=200), so there’s a possible ending of wave ? in a form of a double zigzag. Therefore, the market is likely going to decline in wave [a] of D. The main bearish target is 3/8 MM...

GBP/USD: Moving Averages waiting for bears 8/19/2016 The price found a resistance on the 89 Moving Average, so the market is likely going to achieve the 55 & 34 Moving Averages. However, there’s a “Double Bottom” as well, which makes possible the next bullish movement. There’s a flat under...

EUR/USD: bulls faced "V-Top" pattern 8/19/2016 The consolidation above the previously broken trend has been finally ended by the fast bullish rally, but the price faced a resistance at 1.1381. Also, we’ve got a “V-Top” pattern, so the market is likely going to decline towards a support at...

Key option levels for Friday, August 19th 8/19/2016 GBP/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 145 ? + 583 ? Closest resistance levels 1.3190; 1.3214; 1.3230; 1.3250 Closest support levels 1.3116; 1.3092...