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What do bank analysts expect ahead of the FOMC? 7/27/2016 Danske: The Federal Reserve’s meeting will be neutral for USD, but the risks are that USD will strengthen. The near-term outlook for EUR/USD is negative. Bank of America Merrill Lynch: in the absence of big changes in the Fed’s...

GBP/USD reversed from resistance zone 7/27/2016 GBP/USD reversed from resistance zone Next sell target - 1.3000 GBP/USD continues to fall inside the minor impulse wave 3 – which started earlier – when the pair reversed down from the resistance zone lying between the resistance level 1.3400...

USD/CHF approached resistance level 0.9950 7/27/2016 USD/CHF approached resistance level 0.9950 Next buy target – 1.0000 USD/CHF has been rising in the last few trading sessions inside the minor impulse waves (iii) and 3 – both of which are a part of the intermediate impulse wave (3) from the...

USD/JPY: "High Wave" gave bulls a free hand 7/27/2016 The price tested the middle of the last huge black candle once again, so we’ve got a “Shooting Star”, but it hasn’t been confirmed yet. So, the pair is likely going to reach the nearest support line. As we can see on the Daily chart, the...

EUR/USD: "Dark Cloud" increasing bearish pressure 7/27/2016 There’s an upward correction, but the main trend is still bearish. Also, we’ve got an “Inverted Hammer”, which has been confirmed enough. So, the market is likely going to test the closest “Window” once again, which has enough power...

GBP/USD: bears going to end the consolidation 7/27/2016 The price has been moving in a flat’s range under the “Triangle’s” lower side. Also, there’re a support at 1.3116 and a resistance by the 34 Moving Average. Therefore, the market is likely going to get a resistance on the 55 Moving...

EUR/USD: "Double Top" stopped bullish correction 7/27/2016 The local downward trend has acted as a resistance, which led to form a “V-Top” pattern, so the price started consolidating. Therefore, the market is likely going to get a resistance on the 34 Moving Average, but if a pullback from...

USD/JPY: dollar still looks weak 7/27/2016 Technical levels: support – 104.50, 103.75; resistance – 106.00, 106.40. Trade recommendations: 1. Sell — 106.00; SL — 106.20; TP1 — 104.50; TP2 — 103.75. Reason: dead cross of Tenkan-sen and Kijun-sen; bullish Ichomoku Cloud, but there is a strong...

GBP/USD: consolidation continues 7/27/2016 Technical levels: support – 1.3070, 1.3100; resistance – 1.3170. Trade recommendations: 1. Sell — 1.3170; SL — 1.3190; TP1 — 1.3060; TP2 — 1.3010. Reason: a weak range of the Cloud, dead cross of Tenkan and Kijun. More...

EUR/USD: bearish trend is active 7/27/2016 Technical levels: support - 1.0950; resistance – 1.1000. Trade recommendations: 1. Sell — 1.0990; SL — 1.1010; TP1 — 1.0950; TP2 — 1.0910. Reason: dead cross of Tenkan and Kijun, bearish Ichomoku Cloud, strong resistance formed by Tenkan-sen and...

AUD/USD: bears aim for a breakthrough 7/27/2016 On the daily chart AUD/USD the bulls almost reached the entry point mentioned in the previous article. Aussie visited convergence area of 0.7549-0.7570, failed to close above it and then returned to the lower border of the bullish trend channel...

EUR/USD needs a fresh driver 7/27/2016 One may see on the daily EUR/USD chart that the bulls make great effort to push the pair back inside the 1.1-1.1175 channel. The nearest resistance is at 1.1072, while support is at July low (1.095). On H1 EUR/USD is near the upper border of the bullish...

EUR/USD & Fed interest rate decision: Be aware of the bearish trendline channel 7/27/2016 Today at 18:00 GMT we'll know the Fed's interest rate decision after the two-day meeting, where the analysts are expecting a hawkish tone on monetary policy's statement. However, we cannot see strong...

USD/JPY: "Belt Hold" points to a possible upward correction 7/26/2016 We’ve got a “High Wave” on the closest “Window” area. So, if it confirms, the price likely going to achieve the nearest resistance level shortly. As we can see on the Daily chart, there’s an “Engulfing”, which has been...

EUR/JPY falling inside intermediate corrective wave (2) 7/26/2016 EUR/JPY falling inside intermediate corrective wave (2) Next sell target - 112.20 EUR/JPY continues to fall inside the second intermediate corrective wave (2) – which started earlier - when the pair reversed down from the...

CAD/JPY falling inside B-wave 7/26/2016 CAD/JPY falling inside B-wave Next sell target – 77.00 CAD/JPY has been falling sharply in the last few trading sessions inside the minor B-wave of the intermediate ABC correction (2) from June. The active B-wave started earlier – when the pair reversed...

EUR/USD: "Shooting Star" set up local bearish correction 7/26/2016 The pair has been moving up since a “Hammer” formed at the last low. We haven’t got any reversal pattern so far, which makes possible an achievement of the 34 Moving Average in the short term. As we can see on the Daily chart...

EUR/USD: new local high coming soon because of the "Flag" 7/26/2016 The price faced a support at 1.0970, which led to form a “Double Bottom”, so we’ve got an upward correction in progress. Therefore, the market is likely going to achieve an area between the 34 Moving Average and the nearest...

USD/JPY: the shaky dollar 7/26/2016 Tenkan-Sen and Kijun-sen formed a strong resistance, and the bulls were not able to get aboveduring yesterday’s session, despite the positive character Ichimoku cloud. The golden cross was repealed and dead cross was formed instead. The bears took this...

GBP/USD: the downtrend is actual 7/26/2016 The Pound has consolidated yesterday under the Tenkan-Sen and Kijun-Sen. All attempts of the bulls to returning prices to the cloud are failed. And this morning we see the forming of a new dead cross. Therefore, the downward trend in the near future...