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AUD/USD: outlook for July 18-24 7/18/2016 AUD/USD breached resistance at 0.7570 at the beginning of the past week and spent the rest days consolidating above this level. Australian dollar rose as the nation’s labor market data were rather well showing that employment numbers have risen in recent...

GBP/USD: outlook for July 18-24 7/18/2016 British pound strengthened by more than 3% during the past week. Sterling recovered because of 2 main reasons: return of political stability to the UK and the Bank of England’s decision not to ease monetary policy in July. Theresa May replaced David...

EUR/USD: outlook for July 18-24 7/18/2016 During the past week EUR/USD remained within range of the 2 previous weeks. The pair got strength from higher EUR/GBP and EUR/JPY, but terror attack in Nice on Thursday together with good US statistics didn’t let the bulls to develop the move to the...

GBP/USD: outlook for July 18-24 7/18/2016 British pound strengthened by more than 3% during the past week. Sterling recovered because of 2 main reasons: return of political stability to the UK and the Bank of England’s decision not to ease monetary policy in July. Theresa May replaced David...

US dollar: outlook for July 18-24 7/18/2016 The past week was mixed for the US dollar. The currency weakened versus the British pound, and commodity currencies, but strengthened against Japanese yen. There were many positive data releases in the United States: producer prices, unemployment...

USD/JPY rising inside minor C-wave 7/15/2016 USD/JPY rising inside minor C-wave Next buy target - 108.00 USD/JPY continues to rise inside the minor C-wave, which belongs to the intermediate ABC correction (2) from the end of June. The active C-wave earlier broke through the resistance levels...

AUD/USD reached buy target 0.7600 7/15/2016 AUD/USD reached buy target 0.7600 Next buy target – 0.7800 AUD/USD has been rising in the last few trading sessions – in line with our earlier forecast for this currency pair. The price today broke above the resistance level 0.7600, which was set as...

USD/JPY: "Shooting Star" points to a possible bearish correction 7/15/2016 We’ve got a “Tweezers” and a “Harami”, which both have been already confirmed. Therefore, the market is likely going to get a support on the 13 Moving Average. If a pullback from this line happens afterwards, there’ll...

EUR/USD: "Window" acting as a resistan 7/15/2016 The price has been rising inside the “Window” and reached its upper side. Because of we haven’t got any reversal pattern so far, bulls are likely going to get a resistance on the 89 Moving Average in the short term. As we can see on the Daily...

USD/JPY: the correction of prices to be expected 7/15/2016 As we expected, yesterday's trades keeps in a strictly bullish mode. The market has updated a 3W-high, growing up to 106th figure. The Bulls are supported by gold cross and the positive character of the cloud. By the evening the prices...

AUD/USD keeps rising 7/15/2016 AUD/USD is having a bullish trend on the daily chart. EMA9 is above EMA26, while +DMI is higher than –DMI, MACD is rising, and further growth will make ADX come from the area below 25. In such situations buy on the pullbacks down. On H1 Stochastics going to...

USD/JPY: the power of bulls 7/15/2016 On the daily USD/JPY chart the trend changed from bearish to bullish (EMA9 crossed EMA26, +DMI crossed and settled above –DMI) and there's currently a sustainable bullish trend (MACD is rising). In a situation like this the best strategy will be to buy on...

AUD/USD: the Aussie tunes to throw 7/15/2016 The Australian dollar have stayed above the Tenkan-Sen on the H4-timeframe. Against the positive mood of the Ichimoku indicator (there is a bullish cloud and a golden cross), the bulls failed the uptrend resuming. The main reason for that, as we said...

EUR/USD: the Euro keeps inside the cloud 7/15/2016 During yesterday's session Eurodollar has stayed within the four-hour Ichimoku cloud. The Bulls are quickly tested the strength of the upper bound of cloud and Senkou Span B had a strong resistance. Therefore the further trades were over the...

GBP/USD: bulls having a rest 7/15/2016 The 55 Moving Average acted as a resistance twice. So, the price is likely going to decline towards a support at 1.3336 – 1.3226 in the short term. If a pullback from this area happens later on, there’ll be a chance to have a local bullish movement...

EUR/USD: "V-Top" stopped bulls for a while 7/15/2016 The pair has been moving up and down in the flat’s range. Currently, bulls faced a resistance at 1.1168, which was strengthened by the 89 Moving Average. So, the market is likely going to decline towards a support at 1.1145 – 1.1032. If a...

EUR/USD before US CPI & Retail Sales: Can we see a weak greenback? 7/15/2016 Today at 09:00 GMT will be released the Eurozone's final CPI (y/y), which hopes to remain unchanged at 0.1%. However, at 12:30 GMT will be posted significant figures that could affect USD pairs, especially the EUR/USD...

USD/CAD reversed from resistance zone 7/14/2016 USD/CAD reversed from resistance zone Next sell target - 1.2830 USD/CAD continues to fall inside the minor impulse wave 3 – which started earlier - when the pair reversed down from the resistance zone lying between the pivotal resistance level...

NZD/CAD reversed from resistance level 0.9530 7/14/2016 NZD/CAD reversed from resistance level 0.9530 Next sell target – 0.9200 NZD/CAD continues to fall after the price earlier revered down sharply from the major long-term resistance level 0.9530, which earlier stopped the sharp primary...

USD/JPY: going to the new highs 7/14/2016 Yesterday's trading was a rather calm, in the consolidation to the Tenkan-Sen line. The currency pair has closely approached to the 103.90 support (which we mentioned yesterday) and has started growing again. Ichimoku Cloud changed its character and...