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NZD/CAD rising inside minor impulse wave 3 6/21/2016 NZD/CAD rising inside minor impulse wave 3 Next buy targets - 0.9200 and 0.9300 NZD/CAD has been rising in the last few trading sessions inside the active minor impulse wave 3 – which previously broke through the pivotal resistance level...

USD/JPY: "Window" stopped bears 6/21/2016 We’ve got a “Hammer” and a “Tweezers” on the last low, which both have been confirmed enough. Therefore, the market is likely going to test the nearest resistance level, which was set up by the middle of the last black candle. As we can see on the...

EUR/USD: "Engulfing" set up a downward correction 6/21/2016 The last “Window” is still open, but on its upper side we’ve got a “Morning Star”. On the other hand, there’re a couple of “Doji”, but they haven’t confirmed yet. If so, the yesterday’s “Window” is likely going to be tested again. As...

GBP/USD: unstoppable bulls are going to break the last high 6/21/2016 Bulls got a resistance at 1.4723, but the price is likely going to test the trend line during the day. If we see a pullback from here, it’ll be an opportunity to see a downward correction. Therefore, the next local bearish...

EUR/USD: "Double Top" points to a possible local correction 6/21/2016 The price has found a resistance at 1.1392, which brought a “V-Top” pattern. So, the market is likely going to decline towards a support at 1.1324 – 1.1282, which was developed by the yesterday’s “Breakaway Gap”. If we see...

EUR/USD ahead German ZEW Indicator: Will the bears take the control? 6/21/2016 Today in Germany will be released the ZEW Economic Sentiment at 09:00 GMT, which is expected to have a drop from 6.4 to 5.1, after it had a surprise during May, where the reading fell from 11.2. For June, the...

EUR/USD: forecast for June 20-26 6/20/2016 EUR/USD once again tested the support line from the November lows, but managed to remain higher. The weekly candle was bullish, but there’s still resistance at 1.1415 and 1.1465, which is limiting the pair on the upside. The pair will likely trade...

USD/JPY: forecast for June 20-26 6/20/2016 Last week USD/JPY tested 103.55, the lowest level since the end of August 2014. US dollar declined and Japanese yen gained as the Federal Reserve didn’t tighten monetary policy and the Bank of Japan announced no new monetary easing. In addition...

US dollar: forecast for June 20-26 6/20/2016 The US dollar index opened the week with a gap to the downside at 93.70 after it failed to settle above 95.00 last week. The Federal Reserve kept interest rates at 0.25%-0.50%. The central bank also cut its outlook for the economy and the future path...

GBP/USD: forecast for June 20-26 6/20/2016 The main topic for the British pound is the European Union membership vote on Thursday. Last week the referendum campaign was suspended for 3 days after the murder of Jo Cox, who was calling for Britain to remain in the EU. At the start of this week...

NZD / USD is bullish direction 6/17/2016 The pair is in the corridor between the levels 6/8 (0.6958) and 8/8 (0.7080). Securing above STH4, as well as a rebound from the 6/8 are good arguments in favor of growth to the area of level + 1/8 (0.7141). It should be noted that trend is bullish, a...

GBP/USD corrected from round support level 1.4000 6/17/2016 GBP/USD corrected from round support level 1.4000 Next buy target - 1.4350 GBP/USD recently corrected up sharply from the support zone near the round support level 1.4000 (which stopped the (B)-wave of the previous primary ABC...

EUR/USD: bears run smack into the "Window" 6/17/2016 We’ve got a “Harami” at the local high, so the nearest support line is still in the game. Moreover, it’s likely to have any bullish patterns on this line. As we can see on the Daily chart, there’re a “High Wave” and a “Harami”, but both of...

GOLD probably overcomes the level at 1312.50 6/16/2016 The price continues to test new marks, and has already achieved key level 8/8 (1312.50). No breakdowns STH4, which indicates the strength of the bulls. Despite growing STH4 and STD1, the expected pullback to the area of STD1 can happen...

USD/JPY: bears wipe the floor with bulls 6/16/2016 There’s a “Hammer” at the achieved “Window”, but it hasn’t been confirmed yet. Therefore, an upward correction is likely going to begin, so we should keep an eye on the nearest resistance line. As we can see on the Daily chart, the price has...

USD/JPY broke pivotal support level 105.80 6/16/2016 USD/JPY broke pivotal support level 105.80 Next sell target - 102.40 USD/JPY continues to fall inside the minor impulse wave 3, which is a part of the intermediate downward impulse wave (3) from the end of May. The price earlier broke through...

CHF/JPY broke support level 109.00 6/16/2016 CHF/JPY broke support level 109.00 Next sell target - 107.00 CHF/JPY recently broke sharply through the support level 109.00 – which previously reversed the price sharply at the start of June as you can see from the daily CHF/JPY chart below. The...

EUR/USD: "Three Black Crows" strike an awe into bulls 6/16/2016 There’s an “Engulfing” at the local high, so the market is likely going to reach the nearest support line. If any bullish pattern arrives afterwards, an upward movement in the direction of the last high becomes possible. As we...

GBP/USD: "Triple Bottom" entered the market into the correction phase 6/16/2016 The price has found a support at 1.4089, which brought a “V-Bottom” pattern. So, the pair reached a resistance at 1.4227 afterwards. It’s likely that the market is going to test the last low during the day. If...

EUR/USD: "Pennant" points to the deeper upward correction The price has faced a support at 1.1179, so we’ve got a “Double Bottom”, which has been confirmed. So, the market is likely going to get a resistance at 1.1326 in the short term. If a pullback from this level happens, there’ll be a...