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EUR/USD: a new 4W lows 7/26/2016 The Eurodollar had continued the falling, bouncing from the resistance of 1.1050. On Friday, the rate of the currency pair has updated a lows of the past four weeks to 1.0950. So the downward trend is kept. Ichimoku indicator have a bearish mood: there is actual...

USD/CHF: bullish targets 7/26/2016 On the daily chart USD/CHF is trading within an uptrend channel. The break of resistance at 0.9896 will lead to the resumption of the bullish move towards 127.2% ?of the "Shark" pattern (1.0068, market by blue color). On the other hand, successful test of the...

EUR/USD: "Wedge" like the first bearish step into the fifth wave 7/26/2016 There’s a possible “Wedge” in wave (1). Previously, wave 4 has been formed like a “Double Three”, so the market is free to deliver wave 5 of (1) in the short term. Therefore, bears are likely going to break the wave’s...

GBP/USD: bears prepared for a breakthrough 7/26/2016 On the daily chart one may see that GBP/USD started consolidating in the 1.3070-1.3500 range. Its lower border correspomds to 161.8% target, the upper border corresponds to 127.2% of the senior AB=CD pattern, which is marked by red color. The...

USD/JPY ahead CB Consumer Confidence: Risk to the downside prevails 7/26/2016 Today at 14:00 GMT we'll know the U.S CB Consumer Confidence for July, where analysts are expecting a decline from 98.0 to 95.6 on this release. That should put an interesting short-term scenario on the US Dollar, as...

USD/CAD broke pivotal resistance level 1.3120 7/25/2016 USD/CAD broke pivotal resistance level 1.3120 Next buy target - 1.3300 USD/CAD continues to rise after the earlier breakout of the pivotal resistance level 1.3120 (which has been steadily reversing the price from the end of May, as can be...

NZD/CAD reversed from support zone 7/25/2016 NZD/CAD reversed from support zone Next buy target – 0.9300 NZD/CAD recently reversed up from the support zone lying between the strong support level 0.9080 (former powerful resistance level from June – which also recently reversed the price with the...

USD/JPY: "Shooting Star" points to a possible new local low 7/25/2016 We’ve got a “Harami” at the local high, but its confirmation is still developing. So, the price is likely going to reach 55 Moving Average, which could act as a support. As we can see on the Daily chart, there’s an...

EUR/USD: "Hammer" calling an upward correction 7/25/2016 There’re an “Engulfing” and a “Hammer” at the last low, but both patterns have a quite weak confirmation. So, the market is likely going to get a resistance at the middle of the last huge black candle. If a pullback from this level...

USD/JPY: bulls have strong enemies 7/25/2016 USD/JPY failed to take out the upper border of the bearish channel for the second time in 2 weeks. The nearest support is at 105.62. If the bulls find strength to test resistance at 107.5, the risks of the pair moving north to 108.8 (target at 78.6%...

GBP/USD: bears trying to escape from the "Triangle" 7/25/2016 The pair has been moving in a range of the current “Triangle” pattern. If the price gets a support at 1.3116, bulls will likely try to reach a resistance at 1.3289 shortly. However, bears are still in the game, so we should keep an...

EUR/USD: "Double Bottom" blocked bearish rally 7/25/2016 The price has been consolidating under the previously broken “Triangle” pattern. Also, bears faced a support at 1.0970, which led to form a “Double Bottom”, so the market is likely going to reach a resistance at 1.1001 – 1.1015 in the...

EUR/USD: will the bears manage to hold positions? 7/25/2016 On the daily EUR/USD chart the bears made another attempt to seize 1.1-1.1175 and suceeded. The level of 1.1 is currently acting as resistance. Downward target is at 1.089 (161.8% according to AB=CD). On H1 resistance levels lie at...

EUR/USD & German Ifo Business Climate: En route to 1.0900? 7/24/2016 Today at 08:00 GMT will be released a key data for Germany, as we'll know the Ifo Business Climate for July and this would be an interesting event to pay attention following Brexit's outcome, as the last ZEW sentiment report...

AUD/USD: outlook for July 25-31 7/22/2016 Australian dollar declined on the expectations that the Reserve bank of Australia will cut interest rate at the next meeting in August. The minutes of the RBA’s July meeting showed that the central bank thinks that the nation’s economic growth may have...

USD/JPY: outlook for July 25-31 7/22/2016 USD/JPY made an attempt to take out 107.50, but failed to break higher and returned to the 106.00 area. The advance of the pair since the beginning of July was caused by speculation the Bank of Japan would directly finance Japanese government debt – a...

GBP/USD: outlook for July 25-31 7/22/2016 GBP/USD spent most of the week between 1.3330 and 1.3070. On the one hand, the pound was supported by higher UK labor market data. However, British retail sales contracted and services PMI fell by almost 5 points. All in all, the picture for sterling...

EUR/USD: outlook for July 25-31 7/22/2016 During the past week EUR/USD moved lower, but remained in range, within which it’s staying since the end of June. The euro was affected by extremely weak economic sentiment indicators from Germany and the euro area. In addition, despite the fact that...

US dollar: outlook for July 25-31 7/22/2016 Data released in the United States during the past week were mostly positive: building permits, housing starts and existing home sales exceeded expectations, while unemployment claims were at their lowest since April. The biggest disappointment was...

USD/JPY: "Harami" brought the bearish correction 7/22/2016 There’s a “Harami” at the last high, which has been confirmed enough, so the price reached the 144 Moving Average afterwards. The pair is likely going to achieve the middle of the last huge black candle. However, if a pullback from...