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EUR/USD: bears made a stop 7/21/2016 On the daily chart EUR/USD failed to break below support at 1.1 and formed "doji" as a result. As the high of this bar was retested, the bulls seized the initiative for a time being. The level of 1.1072 is acting as resistance. Here's 23,8% Fibo of the...

EUR/USD before ECB's meeting: No major changes on current policy? 7/21/2016 Today at 11:45 GMT we'll know the interest rate decision from the European Central Bank, which currently holds the numbers at zero. Analysts don't expect any major changes in the current economic policy's stance from...

USD/TRY rising inside minor impulse wave 3 7/20/2016 USD/TRY rising inside minor impulse wave 3 Next buy targets - 3.0600 and 3.1000 USD/TRY has been rising in the last two weeks inside the minor impulse wave 3 of the intermediate impulse wave (3) from May. The active impulse wave (3) started...

NZD/USD falling inside minor correction (ii)[/B\ 7/20/2016 NZD/USD falling inside minor correction (ii) Next sell target – 0.6980 NZD/USD recently reversed down sharply from the resistance zone lying between the resistance level 0.7300 (top of wave (iii) and the previous buy target set in our...

USD/JPY: bulls going to climb ever higher 7/20/2016 The price has been rising since a “Hammer” formed at the last low. Also, the pair faced a support on the 144 Moving Average, which led to form a “Harami” pattern. Therefore, bulls are likely going to move on towards the nearest “Window”. As...

EUR/USD: "Hammer" & "Harami" highlight possibility of bullish correction 7/20/2016 The middle of the last huge black candle acted as a resistance, so we’ve got an “Engulfing” pattern, which led to the current decline. However, the price formed a pullback from the closest support line, which...

Large banks: sell NZD/USD 7/20/2016 Barclays: Sell Limit at 0.7182, Take Profit 0.7005, Stop Loss 0.7271 Credit Suisse: Sell Limit at 0.7140, Take Profit 0.7005, Stop Loss 0.7195 Analysts at Citigroup claim that NZD/USD may fall by 3%. The fall may be triggered by the release of the Reserve...

GBP/USD: "Triple Top" led to decline 7/20/2016 The price has been falling down. However, bears faced a support at 1.3116, so the market is likely going to reach a resistance at 1.3226 – 1.3336. If a pullback from this area arrives afterwards, there’ll be an opportunity to see another downward...

EUR/USD: "Double Bottom" points to a possible correction 7/20/2016 The last “Triangle” has been broken. However, bears found a support at 1.1001 afterwards, so currently we’ve got a local upward correction. Therefore, the market is likely going to reach the closest resistance at 1.1057 –...

USD/JPY: the spring continues to shrink 7/20/2016 The currency pair USD/JPY continues to stay above the Tenkan-Sen line. The Bulls could not continue the uptrend despite its efforts. As we said earlier, there is a strong resistance in the area of 106.30/40. Therefore, if today this level will...

GBP/USD: the Pound is under a cloud 7/20/2016 The Pound was unable to overcome the resistance of Tenkan-Sen and Kijun-Sen during yesterday's session. Bounced from 1.3270 the market has continued decreasing and reached the levels of the Ichimoku clouds lower border. Today's trading is in the...

EUR/USD: the Euro resumed its downtrend 7/20/2016 During yesterday's session the Eurodollar finally bounced from the bottom of the Ichimoku cloud and resumed the downtrend. By the end of the day the currency pair rates fell to lows of two weeks, to the figure of 1.1000. Ichimoku indicator’s...

GBP/USD: the bears restore the trend 7/20/2016 On the daily GBP/USD chart the bears restore the downtrend. The pair moves towards the target of AB=CD at 127.2% (1.261). Our recommendation to sell British pound from 1.3167 was successful. The short position was opened. Move the Stop Loss to a...

EUR/USD: euro was caught by the bears 7/20/2016 On the daily EUR/USD chart the pair came to the lower border of the 1.1-1.1175 consolidation range. Successful test of support will lead the pair further down to the target of в AB=CD pattern at 161.8% (1.0890). Our earlier signal to sell from...

USD/CAD & Oil Prices: 1.3100 on the road? 7/20/2016 The decline in oil's prices is still weighing on CAD, at least during this week, as we can see a bullish consolidation on the USD/CAD pair above the 200 SMA at H1 chart. During yesterday, WTI crude oil futures settled down 1.30%, quoting at...

Key options levels: July 18-24 7/19/2016 EUR/USD · • Closest resistance levels: 1.1162; 1.1217/45; 1.1282; 1.1322 · • Closest support levels: 1.1003; 1.0976/45; 1.0871; 1.0829 · • Bullish risks range: 1.1162-1.1505 · • Bearish risks range: 1.1030-1.0829...

EUR/AUD rising inside minor impulse wave 3 7/19/2016 EUR/AUD rising inside minor impulse wave 3 Next buy targets - 1.4900 and 1.5000 EUR/AUD continues to rise inside the minor impulse wave 3, which started earlier - when the pair reversed up for the support zone lying between the major...

EUR/GBP rising inside the minor B-wave 7/19/2016 EUR/GBP rising inside the minor B-wave Next buy target – 0.8500 EUR/GBP continues to rise inside the minor B-wave of the intermediate ABC correction (4) from the start of this month. The active B-wave started earlier last week – when the price...

USD/JPY: "Window" has been waiting for bulls 7/19/2016 Bulls are very strong, so we don’t have any reversal patterns so far. Also, the price has got a support on the 144 Moving Average, so the market is likely going to reach the nearest “Window” in the short term. As we can see on the Daily...