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USD/JPY: "Harami" has kicked off the bullish correction 6/6/2016 There’s a “High Wave” at the last low, which has been confirmed enough. Therefore, the market is likely going to get a resistance on the nearest “Window”. If so, bears will probably try to deliver a new low afterwards. As we can...

GBP/CHF broke daily up channel 6/6/2016 -GBP/CHF broke daily up channel -Next sell target - 1.4000 GBP/CHF continues to fall – after the earlier breakout of the support trendline of the daily up channel from April. The breakout of this up channel is expected to accelerate the (c)-wave of the...

GBP/CAD falling inside minor C-wave 6/6/2016 -GBP/CAD falling inside minor C-wave -Next sell target - 1.8500 GBP/CAD continues to fall inside the minor C-wave of the intermediate ABC correction (B), which started earlier - when the pair reversed down with the daily Japanese candlesticks...

EUR/USD: bulls using the "Inverted Hammer" have broken all "Windows" 6/6/2016 We’ve got a “Morning Star” and an “Inverted Hammer” on the lower “Window”, which both led to the current rise. Considering the last “Three Methods” pattern, bulls are likely going to move on. As we can see on the...

GBP/USD: strong gap led to the new low 6/6/2016 There’s a local “V-Top”, which led to the strong “Breakaway Gap”, so the price reached a support at 1.4371. Therefore, the market is likely going to achieve the next support, which is near the uptrend line. If we see a pullback somewhere from...

EUR/USD: bulls have broken the channel and ready to move on 6/6/2016 The price has been rising dramatically fact since a “Triple Bottom” arrived. Bulls faced a resistance at 1.1357 afterwards, which led to form a local “V-Top”. So, the market is likely going to get a support at 1.1292. If we...

EUR/USD overview after the "worst-than-expected" NFP numbers 6/6/2016 US NFP numbers for May were worst-than-expected, as the United States only added 38,000 jobs during that month, according to the report published by the Labor Department, which absolutely put it below the 165K forecast. In...

GBP/USD stands still after British services PMI 6/3/2016 On Friday, the British pound mostly stood still against the evergreen buck, even after data unveiled that in May, the British service sector surged at a faster rate than expected because traders remained cautious ahead of a key American...

Dollar goes down ahead of US jobs data 6/3/2016 On Friday, the evergreen buck edged down against the Japanese yen as well as the common currency during Asia trade, as market participants are currently awaiting the closely-monitored American jobs data later in the day. The US dollar was...

NYMEX and Brent fall slightly in Asia 6/3/2016 On Friday, crude prices stood flat to weaker during early Asia trade as traders’ bearing sentiment was intact after OPEC meeting in Vienna. In New York, July delivery WTI crude futures sank 0.02%, being worth $49.16 per barrel. At the same...

Aussie benefits from services surveys 6/3/2016 On Friday, the Australian dollar held its gains, driven by a positive services survey as well as downbeat services PMI in China. Meanwhile, the Japanese yen traded in rather a narrow range right after wage data. The currency pair AUD/USD was worth...

EUR/USD: "Morning Star" led to the upward correction 6/1/2016 There’s a “Morning Star” at the local low, which led to the current upward correction. The 21 Moving Average is acting as a resistance. However, there’s nothing that can stop bulls on the way towards the 34 Moving Average. If we...

GBP/AUD falling inside intermediate correction (B) 6/1/2016 -GBP/AUD falling inside intermediate correction (B) -Next sell target - 1.9750 GBP/AUD recently reversed down strongly from the resistance zone lying between the resistance level 2.0500 (previous buy target set in our earlier forecast...

NZD/USD reversed from support zone 1/6/2016 -NZD/USD reversed from support zone -Next buy target - 0.6850 NZD/USD has been rising in the last few trading sessions – following the earlier sharp upward reversal from the support zone lying between the support level 0.6670 (low of the previous...

EUR/USD: bears go ahead the trend line 6/1/2016 The price has faced a resistance near the downtrend line, so we’ve got a “V-Top” at the local high, which led to the current decline. Therefore, the market is likely going to continue falling down towards a support at 1.1085, which is...

GBP/USD: "Triple Top" as the driving force of the bearish revolution 1/6/2016 There’s a “Triple Top” at the last high, which has been confirmed. Therefore, the price is falling down. We’ve got a pullback from a support at 1.4473, so it’s possible to see an upward correction in the short term...

ISM Manufacturing Preview: ¿Greenback strength to continue? 6/1/2016 Today, June 1st, will be released in United States the ISM Manufacturing PMI at 14:00 GMT, which should have a decline to 50.5 from the 50.8 that was registered in April, according to the latest consensus for May. During the...

FTSE 100 goes up driven by strong Asian lead 5/31/2016 British shares kicked off the holiday-shortened trading week somewhat higher with market participants deriving inspiration from Asia, in particular from Chinese shares, showing the greatest ascend for three months. The FTSE 100 index...

German retail sales report shocking dip in April 5/31/2016 In April, German retail sales found themselves in negative territory, going down by approximately 0.9%, which appeared to be their second consecutive decrease. That definitely cast some doubt over hopes that consumer spending is going...

Gold struggles close to 3-1/2 month minimum 5/31/2016 On Tuesday, during European trade gold futures struggled close to their lowest minimum for three months because traders are getting back from the long Memorial Day weekend awaited data, which could potentially back some Fed officials’ upbeat...