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USD/CAD reversed from resistance zone 8/10/2016 USD/CAD reversed from resistance zone Next sell targets - 1.3000 and 1.2800 USD/CAD recently reversed down from the resistance zone (which has been steadily reversing this currency pair from the end of May) lying between the...

EUR/USD: long shadow points to coming local correction 8/10/2016 The price has been rising since a pullback from the lower “Window” happened. So, we’ve got series of bullish patterns such a “Hammer”, an “Engulfing” and a “Three White Soldiers”. The last candles are bullish and there isn’t any...

EUR/USD: possible "Triangle" in wave 4 taking place 8/10/2016 The price is rising, so wave 4 is likely going to be continued in a form of a “Horizontal Triangle”. Therefore, there’s an opportunity to see a consolidation between 7/8 and 6/8 Murrey Math Levels (P=200) in the short term. As...

USD/JPY: the Dollar has weakened against Japanese yen 8/10/2016 Technical levels: support – 101.20; resistance – 101.70. Trade recommendations: 1. Sell — 101.70; SL — 101.90; TP1 — 101.20; TP2 — 100.60. Reason: cancelled golden cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku...

GBP/USD: "V-Bottom" set up bullish correction 8/10/2016 There’s a “V-Bottom” pattern, which led to the last bullish price movement. However, the pair faced a resistance at 1.3119, so the market is likely going to get a support at 1.3015 shortly. If we see a pullback from this level, buyers...

Key option levels for Wednesday, August 10th 8/10/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 45 158 ? + 360 883 ? Closest resistance levels 1.1158; 1.1186; 1.1206; 1.1230 Closest support levels 1.1115...

EUR/USD: "Pennant" led to new local high 8/10/2016 There was a consolidation under the Moving Averages, which has been ended by the last bullish rally, so the price faced a resistance at 1.1145. Therefore, the pair is likely going to reach a support on the 89 Moving Average in the short term...

XAU/USD: gold resumed trend 8/10/2016 On the daily XAU/USD chart there was unsuccessful test of the lower border of the medium-term uptrend channel painted in red. It points at the weakness of the bears. If the bulls manage to overcome resistance at $1365-1370 an ounce, the way to 1410 will...

GBP/USD makes a "dead cat bounce" 8/10/2016 On the daily GBP/USD chart the bulls make a lot of efforts to return the pair to the borders of the medium-term consolidation range of 1.3070-1.3490. Failure at its upper border will give the lead back to the bears and increase the risks of decline to...

NZD/USD & RBNZ Interest Rate Decision: Consolidating below 0.7050 after the event? 8/10/2016 Today at 21:00 GMT will be released the RBNZ rate statement, together with the official interest rate decision that could see a cut from 2.25% to 2.00%. Markets are expecting that rate cut and that's...

EUR/GBP rising inside minor impulse wave 5[/URL] 8/9/2016 EUR/GBP rising inside minor impulse wave 5 Next buy target - 0.8620 EUR/GBP continues to rise inside the minor impulse wave 5 - which started earlier – when the pair reversed up from the support zone lying between the support level...

GBP/CAD reversed from resistance zone 8/9/2016 GBP/CAD reversed from resistance zone Next sell target - 1.6750 GBP/CAD recently reversed down sharply from the resistance zone lying between the resistance level 1.7550, upper daily Bollinger Band and the 38.2% Fibonacci...

USD/JPY: "Window" could act as a support 8/9/2016 There’s an “Engulfing” at the local high. Also, the last “Window” is still open, so the price is likely going to get a support on this “Window”. As we can see on the Daily chart, there’s a “Harami”, which has been confirmed enough. Therefore...

EUR/USD: strong support by "Window" 8/9/2016 There’s a strong support by the nearest “Window”, so we’ve got a “Hammer” and an “Engulfing”, but both patterns haven’t been confirmed yet. Therefore, bulls are likely going to deliver an upward correction in the short term. As we can see on the...

EUR/USD: wave [iii] is about to be continued 8/9/2016 The price has been declining since a pullback from 4/8 Murrey Math Level (P=200) happened, so we’ve got a downward impulse in wave . Also, the pair found a lodgement, which makes possible to have an extension in wave [iii]. Under this...

GBP/USD: two "Pennants" in a row 8/9/2016 There’s a consolidation along a support at 1.3015. So, the price is likely going to reach a resistance at 1.3119 in the short term. Considering a possible pullback from this resistance, we should keep an eye on the next support at 1.2849 – 1.2795 as a...

EUR/USD: "V-Bottom" led to upward correction 8/9/2016 The price has been moving up and down under the Moving Averages. So, the market is likely going to get a resistance on the 89 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have a decline towards a...

Key option levels for Tuesday, August 9th 8/9/2016 EUR/USD Main trend Short-term period Medium-term period Neutral Bearish Changes in the open interest + 17 720 ? + 1 316 ? Closest resistance levels 1.1156; 1.1174; 1.1196; 1.1222 Closest support levels 1.1047; 1.1029...

USD/JPY: testing the Clouds lower border 8/9/2016 Technical levels: support – 101.75, 101.20; resistance – 102.30/40. Trade recommendations: 1. Sell — 102.30; SL — 102.50; TP1 — 101.75; TP2 — 101.20. Reason: cancelled golden cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud...

AUD/USD: the heavy growth of Aussie 8/9/2016 Technical levels: support – 0.7620, 0.7590; resistance – 0.7650. Trade recommendations: 1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7680; TP2 — 0.7750. Reason: a bullish mood of Ichimoku Indicator; a golden cross of Tenkan-sen and Kijun-sen. More...