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GBP/USD: bulls going to close yesterday's "Breakaway Gap" 6/28/2016 Yesterday bears delivered a new low, so we’ve got a “V-Bottom”, which set up the current upward correction. Therefore, the pair is likely going to close the previously formed “Breakaway Gap”. If so, bears will probably try to...

EUR/USD: "Double Bottom" set up the bullish correction 6/28/2016 We’ve got a consolidation in progress, which brought a local “Double Bottom” pattern. If it confirms, the market is likely going to get a resistance somewhere between the levels 1.1130 -1.1145. However, if a pullback from here...

GBP/USD & UK Downgrade: Still more room for bears? 6/28/2016 During yesterday, Fitch and S&P agencies downgrade their respective ratings regarding UK's economy. Fitch cut from “AA+” to “AA”, while S&P put the outlook on “AA” from “AAA”, and the effect was felt in the markets, specially with...

USD/JPY: outlook for June 27 - July 3 USD/JPY fell to 100.00 mark on the news that Britain voted to leave the European Union. Then in the volatile trading the pair recovered to 103.00 on the risk of currency interventions by Japanese monetary authorities. The market’s risk aversion declined a...

GBP/USD: outlook for June 27 - July 3 GBP/USD fell to more than 30-year lows on the results of the UK referendum. 52% British people voted to leave the European Union, while 48% wanted the nation to remain in the EU. Voter participation was over 72%, and the lead of the Brexit supporters was...

EUR/USD: outlook for June 27 - July 3 EUR/USD breached the uptrend support line since November on the news that Britain voted to leave the European Union. Such decision will have negative consequences for the euro area, which has strong economic ties with the UK. The victory of Brexit voters...

US dollar: outlook for June 27 - July 3 US dollar index rose on the news that Britain voted to leave the European Union. The dynamics of the US currency was mixed: the greenback strengthened against British pound, the euro and commodity currencies, but suffered losses against Japanese yen and...

USD/JPY: bulls knock through the "Window" 6/23/2016 We’ve got a “Three Methods” here, so the 21 Moving Average was broken afterwards. There isn’t any reversal pattern, so bulls are likely going to move on. As we can see on the Daily chart, the price broken the nearest “Window”, so buyers will...

EUR/USD: there isn't any reversal candle pattern so far 6/23/2016 We’ve got a “Three Methods” pattern, which did a great work, but there isn’t any reversal pattern so far. Therefore, the last high is likely going to be broken soon. As we can see on the Daily chart, there’s a support by the...

GBP/USD reached buy target 1.4750 6/23/2016 GBP/USD reached buy target 1.4750 Next buy target - 1.5000 GBP/USD continues to rise – following the earlier breakout of the resistance level 1.4750, which is the upper boundary of the strong resistance zone which has been reversing the pair from the...

NZD/USD reached buy target 0.7150 6/23/2016 NZD/USD reached buy target 0.7150 Next buy target - 0.7300 NZD/USD continues to rise strongly inside the 3rd minor impulse wave 3, which recently broke the resistance level 0.7150, which was set as the buy target in our previous forecast for this...

GBP/USD: bulls broke the "Triangle" 6/23/2016 The last consolidation under the trend line was finally ended by a downward movement. Also, we’ve got a local bearish “V-Top” pattern. Therefore, the market is likely going to decline towards a support at 1.4657. If a pullback from this level...

EUR/USD: bulls going to deliver a new local high 6/23/2016 There’s a “Double Bottom”, which has been confirmed, so the price reached a resistance at 1.1337 afterwards. Therefore, the market is likely going to achieve the next resistance at 1.1392 during the day. If we see a pullback from...

GBP/USD & Brexit: What will happen if "Remain" or "Leave"? 6/23/2016 Today is the “Brexit” Referendum's day and the polls will be open from 07:00 until 22:00 local time (BST) and the British citizens will decide about their membership to the European Union; a huge market-mover event where the...

USD/JPY: bears can't move on because of the "Window" 6/22/2016 We’ve got a “Hammer” and a “Tweezers” on the nearest support line. Also, the middle of the last huge black candle acts a support as well. Therefore, the market is likely going to test the nearest “Window” once again in the short...

EUR/USD: "Window" could be a reason for deeper upward correction 6/22/2016 The last “Window” was finally closed, so we’ve got two bullish patterns such a “Morning Star” and an “Inverted Hammer”, which both have been confirmed enough. So, the market is likely going to test the upper “Window”...

GBP/USD: new high is coming because of the "Thorn" 6/22/2016 The pair found a resistance on the trend line, so the price got a support at 1.4601 afterwards. Also, there’s a bullish “Thorn” pattern, which points to a possible rise towards the main down-trend line. If we see a pullback from...

EUR/USD: bulls stopped by the "Double Top" 6/22/2016 We’ve got a “Double Top” at the last high, which has been confirmed, so the price achieved a support at 1.1242 afterwards. Therefore, the market is likely going to catch a resistance at 1.1282 – 1.1324 during the day. If a pullback from...

USD/CAD & Crude Oil Inventories: Bulls still dominate the overall scenario 6/22/2016 Today at 12:30 GMT will be released the Core Retail Sales indicator in Canada, which favors to have a positive reading from -0.3% to 0.7%, which is the latest consensus by analysts. Later at 14:30 GMT, we...

AUD/USD approaching resistance level 0.7510 6/21/2016 AUD/USD approaching resistance level 0.7510 Next buy target - 0.7600 AUD/USD has been rising steadily in the last few trading sessions inside the minor impulse wave (iii), which belongs to the C-wave from the end of May. The active C-wave...