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USD/JPY: the Bears get a strength 8/19/2016 Technical levels: support – 100.00; resistance – 100.20/40. Trade recommendations: 1. Sell — 100.20; SL — 100.40; TP1 — 99.00; TP2 — 98.50. Reason: a bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; a strong resistance of...

AUD/USD: trades in the Cloud has continued 8/19/2016 Technical levels: support – 0.7590; resistance – 0.7660. Trade recommendations: 1. Buy — 0.7590; SL — 0.7570; TP1 — 0.7660; TP2 — 0.7700. Reason: a dead cross, but Tenkan-sen and Kijun-sen are horizontal; bullish Ichimoku Cloud.

GBP/USD: breaking out the resistance of the Cloud 8/19/2016 Technical levels: support – 1.3120, 1.3080; resistance – 1.3160, 1.3230. Trade recommendations: 1. Buy — 1.3120; SL — 1.3100; TP1 — 1.3230; TP2 — 1.3290. Reason: a bearish Ichimoku Cloud, but the bulls are breaking out the Senkou...

EUR/USD: the inspired bulls 8/19/2016 Technical levels: support – 1.1300, 1.1270; resistance – 1.1350, 1.1450. Trade recommendations: 1. Buy — 1.1300; SL — 1.1280; TP1 — 1.1350; TP2 – 1.1450. Reason: bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen...

USD/CHF: bears feel like home 8/19/2016 On the daily USD/CHF chart the pair teached 127.2% AB=CD target, after which it made a sizeable recoil to the downside. Inability of the bulls to hold above important support of 0.956 will increase risks of decline to 0.9485 (161.8%) and 0.94 (200%). The...

EUR/USD: will the Indians stop the bulls? 8/19/2016 On the daily chart EUR/USD, as expected, managed to reach convergence area of 1.1343-1.1358 (61.8% Fibonacci of the last bullish wave + upper border of the bullish trend channel). Then the pair consolidated. Buyers keep gathering strength for...

Key option levels for Thursday, August 18 8/18/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 29 330 ? - 45 782 ? Closest resistance levels 1.1326; 1.1348; 1.1366; 1.1388 Closest support levels 1.1288; 1.1256...

XAU/USD: ran into a triangle 8/18/2016 On the daily XAU/USD chart there's an uptrend channel, within which the pair formed "Spike and ledge" pattern on the pasis of 1-2-3. Successful test of the upper border of the ledge ($1365) will allow the bulls to continue rally at least to $1410 an ounce...

GBP/USD: pound bared its teeth 8/18/2016 On the daily GBP/USD chart the inability of the bears to break below the convergence area at 1.289-1.295 and reach 78.6% target of Gartley pattern led to correction. The bulls returned the pair to the lower border of the previous consolidation range...

GBP/USD ahead of UK Retail Sales: Will the Pound remain under bearish pressure? 8/18/2016 Today at 08:30 GMT will be released a key indicator for the UK economy, as the retail sales will be the market mover during early European session. During June, the indicator posted a worst-than-expected...

Forex trading plan: into the FOMC minutes release 8/17/2016 Forex traders are waiting for this week’s highpoint – release of the Federal Reserve’s (FOMC) meeting minutes. There was no press conference after July meeting, so the market players want more information from the central bank. The...

USD/JPY: "High Wave" brought bullish correction 8/17/2016 There’s a bullish “Hammer”, which has been confirmed enough. Also, we’ve got a small “Doji”, so the market is likely going to test the 21 Moving Average once again. If we get more bearish patterns on this line, there’ll be an...

EUR/USD: "Window" going to be tested again 8/17/2016 There’s a strong resistance by the “Window”, which led to form a “Shooting Star” and a “Tower” patterns, but their confirmation isn’t enough. Therefore, the market is likely going to test the “Window” once again in the short term. As we can...

SEB: how to trade EUR/USD on FOMC minutes 8/17/2016 Analysts at SEB propose an interesting trade strategy on the release of the Federal Reserve’s meeting minutes (18:00 GMT). If EUR/USD rises in the next 3 hours after the release, then the specialists will buy the pair and close it in 24 hours...

EUR/USD: wave v of (c) is about to begin 8/17/2016 There’s a possible impulse in wave (c) of [y], which is taking place on the four-hour chart. Wave iv is likely going to end shortly, so there’s an opportunity to have an upward movement in wave v of (c). The main target is 6/8 Murrey Math...

Key option levels for Wednesday, August 17 8/17/2016 EUR/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 96 725 ? + 64 216 ? Closest resistance levels 1.1309; 1.1328; 1.1343; 1.1361 Closest support levels 1.1244; 1.1227...

GBP/USD: "Double Top" stopped bulls 8/17/2016 We’ve got a new high, but bulls have been stopped by the 34 & 55 Moving Averages. Also, there’s a “V-Top” pattern, which led to the current local correction. So, the market is likely going to get a support at 1.3015 – 1.2954. At the same time, if...

EUR/USD: "Thorn" led to bearish correction 8/17/2016 The price has broken the downward trend, but a “Thorn” arrived afterwards, so we’ve got a local correction in progress. Therefore, the market is likely going to get a support at 1.1235 – 1.1222 in the short term. Nevertheless, bulls will...

USD/JPY: correction to the lines 8/17/2016 Technical levels: support – 100.00; resistance – 100.60/80. Trade recommendations: 1. Sell — 100.60; SL — 100.80; TP1 — 100.00; TP2 — 99.00. Reason: a bearish Ichimoku Cloud; a new dead cross of Tenkan-sen and Kijun-sen; a market has corrected from...

GBP/USD: under the Cloud 8/17/2016 Technical levels: support – 1.2970; resistance – 1.3060, 1.3090. Trade recommendations: 1. Sell — 1.3020; SL — 1.3040; TP1 — 1.2900; TP2 — 1.2860. Reason: a bearish Ichimoku Cloud, but there is a cancelled dead cross of Tenkan-sen and Kijun-sen; strong...