Search results

USD/CAD: bears got scared 8/17/2016 On the daily USD/CAD chart bears managed to break below the lower border of the rising triangle. If they manage to hold ground, risks of decline to 1.274-1.276 ("Shark" pattern target + 61.8% Fibo of the last bullish wave) and 1.2624 (78.6%). The nearest...

EUR/USD: bulls begin and win 8/17/2016 On the daily EUR/USD chart attack of the bulls, as expected, was a success. The buyers managed to break above the upper border of the meduim-term bearish channel and return to the lower border of the long-term bullish channel. The euro approached 161.8%...

EUR/USD & FOMC Minutes: When will we see the greenback's bottom for mid-term? 8/17/2016 Today at 18:00 GMT will be released the FOMC minutes from July's meeting, where the interest rates were left unchanged. Those minutes should be acting as a catalyst for commodities and US dollar, as the last...

USD/JPY: bulls are up to deliver only small correction 8/16/2016 The price has been falling down since Monday. Also, we’ve got a “Three Methods” pattern, which increased bearish pressure. So, the market is likely going to decline until any bullish pattern arrives. As we can see on the Daily...

EUR/USD: bulls are free to move on 8/16/2016 The market has been rising since a pullback from the lower “Window” happened. The last candles are bullish and we haven’t got any reversal pattern so far, which makes possible to see an achievement of the upper “Window”. As we can see on the Daily...

EUR/USD: wave going to be continued 8/16/2016 The last upward price movement has changed the main wave count. It’s likely that wave is going to be continued. As you can see on the daily chart, a “Double Three” is possibly taking place with a “Triangle” in wave (Y). The nearest target is 5/8...

Key option levels for Tuesday, August 16 8/16/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 42 973 ? + 107 736 ? Closest resistance levels 1.1225(38?); 1.1255; 1.1278; 1.1306 Closest support levels 1.1185...

GBP/USD: "V-Bottom" set up local correction 8/16/2016 We’ve got a new low here. Even though, bears are likely going to move on, so we should keep an eye on the next support at 1.2849 – 1.2795 as an intraday target. Only if a pullback from this area happens, there’ll be a chance to see a local...

EUR/USD: bulls try to deliver a new local high 8/16/2016 There’s a correction, which is taking place on the four-hour chart. Therefore, the market is likely going to get a resistance at 1.1222 – 1.1235 in the short term. If a pullback from this area happens, there’ll be an opportunity to have...

USD/JPY aims at July minimums 8/16/2016 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; falling down Ichimoku lines; the market has exit from the oversold area...

AUD/USD: supported by the Cloud 8/16/2016 Technical levels: support – 0.7680/90, 0.7630; resistance – 0.7730. Trade recommendations: 1. Buy — 0.7700; SL — 0.7680; TP1 — 0.7760; TP2 — 0.7790. Reason: a dead cross but Tenkan-sen and Kijun-sen are horizontal and bullish Ichimoku Cloud. More...

GBP/USD: pound has renewed local minimums 8/16/2016 Technical levels: support – 1.2860; resistance – 1.2950. Trade recommendations: 1. Sell — 1.2950; SL — 1.2970; TP1 — 1.2860; TP2 — 1.2810. Reason: a bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; but there is a local...

AUD/USD: Aussie is at the pause 8/16/2016 On the daily chart AUD/USD bears failed to keep the pair under resistance of 0.7688. The bulls are trying to return the initiative. If they succeed, the possibility of uptrend resumption will increase. On the othe rhand, decline of the pair below 0.763...

USD/JPY: bears conquer new territory 8/16/2016 On the daily chart USD/JPY breached below the lower border of 100.83-102.69 consolidation range and the downtrend resumed. As its targets we can name 99.94 (88.6% Fibo of the last bullish wave), 98.96 (100%), 97.84 (113%) and 96.61 (127.2%). The...

GBP/USD ahead Tuesday's UK data: A decline towards post-Brexit low? 8/16/2016 Today in the United Kingdom we'll have a bunch of events' release that should help to add volatility during this week on GBP pairs. At 08:30 GMT, will be published the CPI, which is the consumer indicator inflation...

Forex trading plan for August 16 8/15/2016 On Monday US dollar continued feeling the negative consequences of disappointing US macroeconomic data released on Friday. Although US dollar index managed to recover from the day’s lows on Friday, it started the new week under pressure. America will...

GBP/CAD reached sell target 1.6750 8/15/2016 GBP/CAD reached sell target 1.6750 Next sell target - 1.6250 GBP/CAD continues to fall inside the minor impulse wave (iii) – which belongs to impulse 5 of the sharp intermediate impulse wave (3) from the end of May. The price today broke the support...

EUR/GBP broke resistance level 0.8620 8/15/2016 EUR/GBP broke resistance level 0.8620 Next buy target - 0.8800 EUR/GBP recently broke through the resistance level 0.8620, which was set as the buy target in our earlier forecast for this currency pair. The breakout of the resistance level 0.8620...

USD/JPY: bears going to deliver new low 8/15/2016 The main trend is still bearish. There’re a “Harami” and a “Tower” on the 34 Moving Average, so the bears are likely going to move on. As we can see on the Daily chart, we’ve got an “Engulfing”, which has been confirmed. Also, there isn’t any...

EUR/USD: "Doji" set up bullish correction 8/15/2016 There’s a “Harami” at the local high, but its confirmation is a quite weak. So, the price is likely going to test the nearest resistance once again. If we see a pullback from this level, bears will try to deliver a new low. As we can see on...