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AUD/USD: the Aussie gains a strength{/B] 7/14/2016 The Australian dollar 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 - the...

EUR/USD: the Euro continues its consolidation 7/14/2016 During yesterday's session the Eurodollar has stayed above the support of 1.1060 which is formed by the Kijun-sen line. Its forced the prices to return to the lower bound of Ichimoku cloud. Today's trading takes place within the cloud, but...

GBP/USD: "Triple Top" stopped bulls 7/14/2016 The pair found a resistance on the 34 & 55 Moving Averages, which led to form a “V-Top” pattern, so the price finally reached a support at 1.3116. Therefore, the market is likely going to achieve the next support at 1.3015, which is near the main...

EUR/USD: "V-Bottom" led to the local upward movement 7/14/2016 The price faced a resistance at 1.1125 during the current flat. So, the market is likely going to decline towards the nearest support at 1.1097 – 1.1057. If we see a pullback from this area, bulls will probably try to reach the 89...

NZD/USD: kiwi loosened the grip 7/14/2016 On the daily NZD/USD chart there's correction within an uptrend. MACD is showing mixed dynamics, EMA9 is partly crossing EMA26. The bulls retain control with ADX (>25) and +DMI above –DMA. In such situation prepare to trade on the resumption of the...

EUR/USD is preparing for a break 7/14/2016 EUR/USD is consolidating on the daily chart. MACD is close to the zero line, EMA9 crossed EMA26, ADX<25. For now the bears are leading (–DMA>+DMI), so be ready to sellon the break of the trade channel. On H1 EUR/USD the pair has spent most of July...

EUR/GBP ahead BoE's interest rate decision post-Brexit 7/14/2016 Today will be a decisive day for current interest rates from the Bank of England, as Mark Carney hinted a few weeks ago about a possible rate cut scenario. This event is important by itself as its the first interest decision to be...

Forex trading plan for July 14 US dollar index rose to June highs this week, but so far hasn’t managed to overcome resistance at 97.00. The Fed’s Cleveland head Loretta Mester said that gradual rate hikes are still appropriate in the US. On Thursday America will release two key events– PPI and...

CHF/JPY rising inside minor C-wave 7/13/2016 CHF/JPY rising inside minor C-wave Next buy target - 107.70 CHF/JPY continues to rise inside the minor C-wave of the intermediate ABC correction (4) from the end of June. The active C-wave started earlier this month – when the pair reversed up from...

AUD/CAD reached buy target 0.9950 7/13/2016 AUD/CAD reached buy target 0.9950 Next buy targets – 1.0000 and 1.0090 AUD/CAD continues to rise in line with our previous forecast for this currency pair. The price earlier broke the resistance trendline of the wide daily down channel from December -...

USD/JPY: "Hammer" increasing bullish pressure 7/13/2016 There’s a “Harami” on the nearest “Window”. If this pattern confirms, bulls are likely going to move on. As we can see on the Daily chart, the price reached a “Window”, so the 21 Moving Average could bring any bearish pattern afterwards...

EUR/USD: bears try to return 7/13/2016 Bears are still in the game, because the middle of the last huge black candle acted as a resistance again, so we’ve got a “Hanging Man” and a “Harami” here. Therefore, the market is likely going to reach the lower “Window” in the short term. As we can see...

USD/JPY: change of trend 7/13/2016 A strong growth checked on the market USD/JPY during yesterday's session. The pair has risen more than two figures and setting up a new three-week maximums in the area of the 105th figure. In this case the bulls broke through the resistance of the Ichimoku...

AUD/USD: the Aussie has updated the local maximums 7/13/2016 Yesterday the Aussie has grown significantly against the US dollar by setting a new high for the last two months - 0.7660. This growth has led the market to an overbought and forced the prices to correction to the Tenkan-sen (0.7590)...

EUR/USD: the Euro can’t decide the direction 7/13/2016 As we expected, yesterday Eurodollar has rebounded to the lower boundary of the four-hours Ichimoku cloud. Immediately has begun the new sales of the currency pair from 1.1100. Tenkan-sen and Kijun-sen formed a golden cross. It’s holding...

GBP/USD: "Double Bottom" set up bullish correctionA 7/13/2016 The price has been rising since a “Double Bottom” formed near the downtrend’s lower side. The 34 Moving Average acted as a resistance. Therefore, bulls are likely going to move on towards the next resistance at 1.3471 – 1.3614. If...

EUR/USD: bulls can do more The price has been moving in a range of the current “Flat”, so we’ve got a pullback from the nearest support at 1.1057. Therefore, the market is likely going to rise towards the 89 Moving Average. If a pullback from this line happens afterwards, bears will probably...

GBP/USD: sell at higher levels 7/13/2016 GBP/USD keeps correcting on the daily chart to the overall bearish trend. MACD is rising, ADX>25, -DMI>+DMI. The sellers failed to keep the pair below 161.8% Fibonacci of the last descending wave. Afther that the initiative returned to the buyers, which...

XAU/USD: gold needs some rest 7/13/2016 On the daily XAU/USD chart a number of indicators show that the uptrend has been broken. ADX lost momentum and started declining, MACD shows divergence with gold, EMA9 and EMA26 have crossed. In addition +DMI and –DMI have crossed. More...

USD/CAD ahead BoC Interest Rate Decision: Can we see a higher continuation? 7/13/2016 Today at 14:00 GMT will be the Bank of Canada's interest rate decision, where it's expected to left unchanged the current 0.5%, according to the analysts and some polls released by news agencies such as...