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EUR/USD: euro continues its consolidation under the cloud 8/9/2016 Technical levels: support – 1.1070, 1.1040; resistance – 1.1100, 1.1140, 1.1170. Trade recommendations: 1. Sell — 1.1060; SL — 1.1080; TP1 — 1.1000; TP2 – 1.0980. Reason: bullish Ichimoku Cloud, falling down Senkou Span A...

USD/JPY: correction won't affect yen 8/9/2016 On the daily USD/JPY chart there's correction to the downtrend. The pair reached resistance at 102.69. A break of this level will open the way up to 103.93 and 104.38, recoil down from the resistance will lead to consolidation in the 100.69-102.69...

EUR/USD: bears are preparing an attack 8/9/2016 On the daily chart EUR/USD formed a descending trend channel. As long as the pair stays below 1.1235-1.1259, the market's sentiment will remains bearish. Traders should sell either on growth or on breaks of support. The nearest support is at...

GBP/USD & UK Manufacturing Production: A lower continuation across the board? 8/9/2016 Today at 08:30 GMT will be released the UK manufacturing production, where the markets are expecting a rise from -0.5% to 0.0% in the June's reading. During the last months, results for this indicator have...

USD/JPY: buyers broke the "Window" 8/8/2016 We’ve got a “Harami” and an “Engulfing” at the local low. Also, there’s a new “Window”, but we haven’t got any reversal pattern, which makes possible an achievement of the 34 Moving Average in the short term. As we can see on the Daily chart, the...

AUD/CAD reached buy target 1.0000 8/8/2016 AUD/CAD reached buy target 1.0000 Next buy target - 1.0090 AUD/CAD recently broke sharply above the round resistance level 1.0000 (which was set in our earlier forecast as the likely target for the upward movement of this currency pair). The breakout...

GBP/AUD falling inside minor impulse wave 5 8/8/2016 GBP/AUD falling inside minor impulse wave 5 Next sell targets - 1.7000 and 1.6750 GBP/AUD continues to fall inside the minor impulse wave 5 – which started previously – when the pair reversed down from the resistance zone lying at the...

EUR/USD: bears faced support by "Window" 8/8/2016 There’s a bullish “Hammer” at the local low, but its confirmation has been canceled by the last bearish “Harami”. Therefore, the price is likely going to test the 89 Moving Average once again. As we can see on the Daily chart, here’s a...

EUR/USD: extension in wave [iii] is coming soon 8/8/2016 Wave 4 has been ended in a form of a “Double Three”. Also, we’ve got a resistance by the 4/8 Murrey Math Level (P=200), which led to form a downward impulse in wave . Under this circumstances, wave [iii] is likely going to form an...

GBP/USD: bulls going to reach Moving Averages 8/8/2016 We’ve got a “V-Bottom” pattern, which brought a consolidation into the market. Considering a support at 1.3017, bulls are likely going to reach a resistance at 1.3148 – 1.3174 in the short term. If a pullback from this area happens, bears...

EUR/USD: "V-Bottom" let bulls to move the market higher 8/8/2016 The price couldn’t break the nearest support area, so we’ve got a “V-Top” pattern, which led to a local upward movement towards the Moving Average lines. So, the market is likely going to get a resistance at 1.1120 -1.1148 in...

USD/JPY: correction to the Cloud 8/8/2016 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: incorrect golden cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud; strong...

GBP/USD: pound has lost its positions 8/8/2016 Technical levels: support – 1.3060, 1.2930; resistance – 1.3100, 1.3135. Trade recommendations: 1. Sell — 1.3100; SL — 1.3120; TP1 — 1.2930; TP2 — 1.2900. Reason: a bullish Cloud, but falling down Senkou Span A; a dead cross of Tenkan-sen and...

EUR/USD: euro supported by cloud, but its under negative pressure 8/8/2016 Technical levels: support – 1.1090, 1.1070; resistance – 1.1140, 1.1170. Trade recommendations: 1. Sell — 1.1140; SL — 1.1160; TP1 — 1.1070; TP2 – 1.1000. Reason: bullish Ichimoku Cloud, falling down Senkou Span A...

Key option levels for Monday, August 8th 8/8/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 75 397 ? + 112 764 ? Closest resistance levels 1.1152(65?); 1.1182; 1.1203; 1.1229 Closest support levels 1.1078...

AUD/USD: will bears find strength to attack? 8/8/2016 On the daily AUD/USD chart the pair is moving within uptrend channel. The market's sentiment will remain bullish as long as the pair's trading above support at 0.7570 (61.8% Fibo of the last descending wave). On H1 AUD/USD is trading near...

EUR/USD won't give up without a fight 8/8/2016 On the daily EUR/USD chart bears failed to settle below support at 1.1072 (23.8% Fibo of the last descending wave). If the pair recoils from the upper border of the trend channel and returns to 1.1175, it will be a signal that the bulls have seized...

USD/CAD & Building Permits: On it's way to reach the 1.3350 level? 8/8/2016 Today at 12:30 GMT will be released the building permits in Canada and analysts are expecting a rise from -1.9% to 2.7%, but that indicator should have a medium-impact on the CAD pairs. Latest releases had been showing...

AUD/USD: outlook for August 8-14 8/5/2016 Although economic news from Australia weren’t very exciting, Australian dollar manage to hold ground against its US counterpart. Australian economic figures disappointed: building approvals kept contracting, trade deficit widened, while retail sales...

USD/JPY: outlook for August 8-14 8/5/2016 USD/JPY tested lower levels as it slid to support at 100.70. Japanese cabinet approved 13.5 trillion yen ($132.04 billion) in fiscal measures on Tuesday to revive the nation’s economy. There was no significant impact on the market from the decision as...