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GBP/USD: "Triangle" is going to be broken soon 7/4/2016 The pair has found a support at 1.3226, which led to a local upward price movement. Nevertheless, we’ve got a “Pennant” pattern, so the market is likely going to decline towards a support area between the levels 1.3116 – 1.3015. If a...

EUR/USD: bears have a good mind to move on because of the "Flag" 7/4/2016 The price has faced a resistance on the 34 Moving Average, which pushed the price a little bit down. However, the current bearish movement could be just a local correction, so the market is likely going to achieve the...

AUD/USD: on the positive mood 7/4/2016 The currency pair AUD/USD is positive today. Trades are reached the positive area and carried out over a Ichimoku cloud on the H4-timeframe. The bulls are supported by gold cross formed with the Tenkan-Sen and Kijun-Sen. But the cloud remains in the...

USD/JPY: the cloud still resisting 7/4/2016 Currency pair USD/JPY is still trading at the lower boundary of the four-hour Ichimoku’s cloud. Senkou Span A built a strong resistance for the corrections movement. We’re suggest the main downward trend may be resumed considering the general bearish...

EUR/USD: downtrend can be continued 7/4/2016 Eurodollar tested the Ichimoku cloud on Friday. The bulls failed breaking the resistance of 1.1170. Therefore the trades are held at the lower boundary of the Cloud. Note that the Tenkan and Kijun are canceled the effect of the golden cross. We...

GBP/USD ahead Construction PMI: Will we see a bearish continuation? 7/4/2016 Today at 08:30 GMT will be published the Construction PMI in the UK and another negative reading for June is expected; a pattern that has been repeated for several months already. For this occasion, according to...

USD/JPY before US Manufacturing PMI: Looking for a break lower? 7/1/2016 Today at 14:00 GMT will be released the US ISM Manufacturing PMI and projections are pointing to a possible rise from 51.3 to 51.5. However, there are still fears across the board because of the US slowdown, but...

Forex trading plan for July 1 6/30/2016 The market’s risk sentiment will have to survive a test on Friday as China will release official manufacturing & nonmanufacturing PMIs (01:00 GMT). In addition, Caixin manufacturing PMI is due at 01:45 GMT. If the figures disappoint, traders will get...

Gold: wait for the right moment to buy 6/30/2016 Because of the political and economic uncertainty created by Brexit, analysts started speaking of gold bull market – gold is an all-time safe haven. The uncertainty is unlikely to disappear anytime soon – a factor, which should keep providing the...

SGD/JPY reversed from support zone 6/30/2016 SGD/JPY reversed from support zone Next buy target - 77.70 SGD/JPY continues to rise – following the earlier sharp upward reversal from the support zone lying between the pivotal support level 74.50 (which reversed the previous A-wave in the middle...

USD/NOK reversed from resistance zone 6/30/2016 USD/NOK reversed from resistance zone Next sell target - 8.300 USD/NOK recently reversed down sharply from the resistance zone lying between the resistance level 8.7000 (which reversed the previous minor correction 2 in February), upper daily...

USD/JPY: new local high is coming soon because of "Harami" 6/30/2016 The biggest bearish candle has a huge shadow. Also, there’s a bullish “Harami”, which has been confirmed. So, the price is likely going to get a resistance by the 34 Moving Average in the short term. If a pullback from this...

EUR/USD: bulls going to move on because of the "Three Methods" 6/30/2016 We’ve got a bullish “Three Methods” pattern inside the current “Window”, which makes possible an achievement the 55 Moving Average in the short term. As we can see on the Daily chart, there’s a “High Wave” at the last...

Which factors influence oil prices? 6/30/2016 Oil prices rose for the fifth month in a row. Brent recovered losses it made on the Brexit referendum and rose above resistance line connecting June highs in the $50.40 area. Bullish factors for oil are: a decline in the US oil inventories...

GBP/USD: "V-Top" stopped bulls for a while 6/30/2016 We’ve got a bearish “V-Top”, which has set up a local downward price movement. So, the pair is likely going to reach a support at 1.3226 – 1.3116, which is near the downtrend’s lower side. If bears stop here, there’ll be an opportunity to...

EUR/USD: "Thorn" brought a correction into the market 6/30/2016 The price has faced a resistance at 1.1130, which led to a local decline. So, the market is likely going to get a support at 1.1045 – 1.1032 in the short term. If a pullback from this area happens, bulls will probably try to...

USD/JPY: "Window" entered the market into a correction phase 6/28/2016 We’ve got a “Harami” at the last low. Moreover, the last black candle has a huge shadow, so the current correction is likely going to move on towards the nearest resistance line. As we can see on the Daily chart, the...

EUR/USD: bullish patterns point to further upward movement 6/28/2016 We’ve got a “Doji” and a “Harami” at the local low. Also, there’s a “Three Methods” pattern, so bulls are likely going to get a resistance on the upper “Window”. As we can see on the Daily chart, here’s a “High Wave”, but it...

CAD/CHF reversed from support zone 6/28/2016 CAD/CHF reversed from support zone Next buy target - 0.7600 CAD/CHF continues to rise – after the price earlier reversed up from the support zone lying between the pivotal support level 0.7430 (which reversed earlier impulse waves 1 and (i)), lower...

USD/CAD reversed from resistance zone 6/28/2016 USD/CAD reversed from resistance zone Next sell target - 1.2800 USD/CAD recently reversed down from the resistance zone lying between the pivotal resistance level 1.3120 (which reversed the previous waves (2) and (a), as can be seen from the daily...