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Key option levels for Monday, August 15th 8/15/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest - 271 015 ? - 374 592 ? Closest resistance levels 1.1189; 1.1213; 1.1229; 1.1248 Closest support levels 1.1142...

EUR/USD: "Triangle" going to move on 8/15/2016 There’s a possible “Triangle” in wave 4, which is taking place on the four-hour chart. It’s likely that wave [c] was ended last Friday, so it’s time for wave [d]. In this case, we should keep in mind 2/8 Murrey Math Level (P=250) as a target for...

GBP/USD: Moving Average waiting for bulls 8/15/2016 We’ve got a “Thorn” pattern, so the price reached a support at 1.2877. Also, here’s a new local low. Under this circumstances, bears are likely going to move on towards a support at 1.2849 – 1.2795. If we see a pullback from these levels...

EUR/USD: "V-Top" stood in the way of buyers 8/15/2016 The pair has faced resistance on the main downward trend, so we’ve got a “V-Top” pattern, which led to the current decline. Therefore, the market is likely going to get a support at 1.1130 – 1.1120 in the short term. However, if a pullback...

GBP/USD found convergence 8/15/2016 On the daily GBP/USD chart the bears reached targets they set before. The pair met important convergence area at 1.2888-1.2946, and won't be able to continue declining until it falls below this region. Recoil will increase risks of the pair's return to the...

EUR/USD: цели покоряются упорным 8/15/2016 On the daily chart EUR/USD bulls made another attempt to conquer diagonal resistance at the upper border of the trend channel. Once again it was a failure, although the persistance of the buers may eventually bring fruits. As a result, risks are that...

EUR/USD & NY Empire State Manufacturing Index: Not a major catalyst for today 8/15/2016 Today should be a very flat day in the markets, as in most of the European and South American countries will have holidays. That's why we're seeing a very light economic calendar, but on the American's side...

US dollar: outlook for August 15-21 8/12/2016 Despite good nonfarm payrolls data, it wasn’t a week of strength for the US dollar: riskier currencies were more popular because of good risk sentiment. The greenback is supported by the fact that other major central banks are easing monetary...

AUD/USD: outlook for August 15-21 8/12/2016 AUD/USD made two attempts to take out resistance in the 0.7755 area, but sellers didn’t allow the bulls to overcome this obstacle. However, the trend remains bullish. Above 0.7765 the next resistance will be at 0.7840 (resistance line from 2013)...

USD/JPY: outlook for August 15-21 8/12/2016 USD/JPY spend the week in 102.50/101.00 range. The pair formed a slightly higher low this week. Demand for Japanese yen as a safe haven declined allowing the pair to hold ground. The overall downtrend remains in place. Weaker-than-expected US economic...

GBP/USD: outlook for August 15-21 8/12/2016 GBP/USD continued slowly moving down. The pound made one attempt to recover, but it wasn’t very convincing. It was the first week of the Bank of England’s extended bond buying program. The start wasn’t very good: British central bank failed to...

EUR/USD: outlook for August 15-21 8/12/2016 EUR/USD held above 1.1100 (50-week MA). At the same time, the pair is still below 2016 resistance line in the 1.1260 area. Another obstacle is the declining 100-week MA at 1.1326. Daily moving averages remain horizontal hinting at the lack of big...

AUD/CAD reversed from powerful resistance 1.0090 8/12/2016 AUD/CAD reversed from powerful resistance 1.0090 Next sell target - 0.9900 AUD/CAD recently reversed down sharply from the powerful resistance level 1.0090 (which reversed the earlier primary impulse wave ① in December, as can be seen...

CAD/CHF rising inside minor correction 8/12/2016 CAD/CHF rising inside minor corrective wave 2 Next buy target - 0.7600 CAD/CHF has been rising in the last few trading sessions inside the second minor corrective wave 2, which stared earlier - when the pair reversed up with the daily Morning...

USD/JPY: bulls found a lodgement above the “Window" 8/12/2016 The previously formed “Harami” and “Three Methods” have done a great job, so the price reached the 34 Moving Average. So, it’s likely to see a support by the nearest “Window”. If it happens, bulls are likely going to achieve 55...

EUR/USD: "Three Black Crows" points to further decline 8/12/2016 [ There’s a support by the 144 Moving Average, so we’ve got a “Three Methods” pattern on this line, but it hasn’t been confirmed yet. So, the market is likely going to test the nearest resistance, which could reverse the price...

Key option levels for Friday, August 12th 8/12/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 13 229 ? + 45 219 ? Closest resistance levels 1.1208; 1.1225; 1.1246; 1.1272 Closest support levels 1.1121; 1.1106...

USD/JPY: the trades will continue inside a cloud 8/12/2016 Technical levels: support – 101.00, 101.50; resistance – 102.60. Trade recommendations: 1. Sell — 102.60; SL — 102.80; TP1 — 101.50; TP2 — 101.00. Reason: a dead cross of Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud. More...

EUR/USD: euro supported by Kijun 8/12/2016 Technical levels: support – 1.1120/30, 1.1090; resistance – 1.1170, 1.1190. Trade recommendations: 1. Buy — 1.1150; SL — 1.1130; TP1 — 1.1190; TP2 – 1.1230. Reason: bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and...

EUR/USD: wave [d] of 4 going to reach 3/8 MM Level 8/12/2016 There’s a possible “Triangle” in wave 4 on the four-hour chart. Yesterday wave [c] was ended on 3/8 Murrey Math Level (P=250), so bears are likely going to deliver wave [d] shortly. The main intraday target is 2/8 MM Level. As we...