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EUR/USD: bears going to come back to the market 7/22/2016 There’s a resistance by the upper “Window”. Also, we’ve got an “Engulfing” pattern, but it hasn’t been confirmed yet. Therefore, the market is likely going to reach a resistance by the middle of the last huge black candle. If a...

USD/JPY will test mark at 104.69 7/22/2016 The pair failed to consolidate above the level of 4/8 (106.25). In addition, there was price fixing below STH4, that indicates a possible decline to the level of 3/8 (104.69). STD1 changed color, which also contributes to the bearish scenario. The fall...

GBP/USD: flat in the "Triangle" 7/22/2016 The price has been moving in a flat’s range along a resistance at 1.3226. Also, we’ve got a “Triangle”, so the pair is likely going to move up towards the 89 Moving Average. If bulls be stopped here, there’ll be a chance to have a downward movement...

EUR/USD: two "V-Bottoms" in a row points to possible new high 7/22/2016 The price is consolidating under the previously broken “Triangle”. Also, we’ve got two local “V-Bottoms” in a row. So, the market is likely going to achieve the 34 Moving Average. If a pullback from this line happens...

EUR/CAD rising inside minor impulse wave 3 7/22/2016 EUR/CAD rising inside minor impulse wave 3 Next buy target - 1.4600 EUR/CAD continues to rise inside the minor impulse wave 3, which started recently – when the pair reversed up from the support level 1.4280 (upper boundary of the strong...

CAD/CHF reached buy target 0.7600 7/22/2016 CAD/CHF reached buy target 0.7600 Next sell target – 0.7420 CAD/CHF continues to fall inside the minor impulse wave 3 - which began earlier- when the pair reversed down from the resistance level 0.7600 (previous buy target set in our earlier forecast...

USD/CAD: bulls are driving the market 7/22/2016 On the daily USD/CAD chart the bulls aim to test the upper border of the triangle (1.3186). Successful break of this resistance will allow the pair to rise to 1.3306 (38.2% Fibo of the last decsending wave and 1.3540 (161.8% target according to...

EUR/USD: bears are not discouraged 7/22/2016 On the daily chart the attempt of the sellers to break below 1.1 once again didn't succeed. However, the bears are still retain the initiative and keep try pulling the pair out of 1.1-1.1175 range aiming at 161.8% of AB=CD (1.089) target. the...

GOLD probably make a rebound to the area of 1343.75 7/21/2016 The rebound from the level of 4/8 (1312.50) can be completed back to the area of STD1, which still has the bullish color. Nevertheless, we should not exclude the scenario of falling to the level of 3/8 (1296.88), for which requires...

AUD/NZD rising inside minor C-wave 7/21/2016 AUD/NZD rising inside minor C-wave Next buy target - 1.0800 AUD/NZD has been rising in the last few trading sessions inside the C-wave of the intermediate ABC correction (4) from the start of July. The active C-wave earlier broke the resistance level...

EUR/TRY approached strong resistance level 3.4000 7/21/2016 EUR/TRY approached strong resistance level 3.4000 Next buy target – 3.4700 EUR/TRY has been rising sharply in the last few trading days inside the minor impulse wave 3 – which started earlier – when the pair reversed up from the...

Major banks: forecasts for EUR ahead of the ECB Analysts of the major banks have different stake on what decision the European Central Bank will make at today’s meeting. The ECB minimum bid rate will be announced at 11:45 GMT. Mario Draghi’s press conference will start at 12:30 GMT. Citi...

USD/JPY: "Window" acted as a resistance 7/21/2016 The nearest “Window” has acted as a resistance, which led to form a bearish “Harami” pattern. Therefore, we’ve got the current downward correction. If the price faces a support on the 34 & 89 Moving Averages, bulls are likely going to reach...

EUR/USD: "Hammer" triggered upward correction 7/21/2016 We’ve got an “Inverted Hammer” at the local low, which has been confirmed enough. Also, there’s a “Harami” on the closest “Window”, so the pair is likely going to test the middle of the last huge black candle once again. As we can see...

GBP/USD: "Triple Bottom" stopped bearish rally 7/21/2016 We’ve got a “V-Bottom” pattern, which led to the current upward movement. Also, the price found a resistance at 1.3226, but bulls are likely going to reach the next resistance at 1.3336. At the same time, if a pullback from this level...

EUR/USD: "V-Bottom" set up bullish correction 7/21/2016 The price faced a support at 1.0970, which led to form a reversal “V-Bottom”, so we’ve got the current upward movement. So, bulls are likely going to get a resistance between the 34 Moving Average and the level at 1.1083. If we see a...

AUD/USD: the Aussie feels insecure 7/21/2016 The Australian dollar stayed under bearish pressure. During yesterday's session, the Bears pushed the pair to the negative area, breaking down the support of a lower border of Ichimoku cloud to the 0.7450. Note that the short-term market sentiments...

GBP/USD: the Pound doesn’t hurry to lose its positions 7/21/2016 The Pound during yesterday's session was corrected along the bottom border of the Ichimoku cloud and rose up to 1.3270. But it met the horizontal Kijun-sen, which stopped the bullish movement. We note, in the area of 1.3300 formed...

EUR/USD: the Bears are cautious 7/21/2016 During yesterday's session the major pair of Forex updated the three-week lows. The prices dropped out to 1.0980, but the Bears are cautious, because there is a strong support on the 1.1000 figure. The current downward trend is still valid: the...

AUD/USD looks for a growth driver 7/21/2016 AUD/USD tested the lower border of the short-term uptrend on the daily chart with the further recoil to the upside. If the bears find strength for another attack, and succeed, the pair may fall to convergence areas of 0.7405 and 0.7302-0.7342. The...