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USD/CHF & SNB Libor Interest Rate: Another lower reaction? 6/16/2016 Today in Switzerland at 07:30 GMT will be released the Libor interest rate decision and SNB Chariman Thomas Jordan will speak at same time. It's expected that the current negative rates remains unchanged (-0.75% v -0.75%) on...

CAD/JPY reversed from strong support level 82.30 6/15/2016 CAD/JPY reversed from strong support level 82.30 Next buy target - 85.00 CAD/JPY recently reversed up from the support zone surrounding the strong support level 82.30 (which had previously stopped and reversed the previous waves (B)...

GBP/CAD reached sell target 1.8200 6/15/2016 GBP/CAD reached sell target 1.8200 Next buy target - 1.8500 GBP/CAD recently reversed up from the support zone lying between the support levels 1.8110 (which stopped the earlier impulse waves 3 and (5) in April, as can be seen from the daily GBP/CAD...

USD/JPY: "Window" could force the bullish correction 6/15/2016 We’ve got a bullish “Harami” at the last low, which has been confirmed, so there’s a local correction in progress. Therefore, the market is likely going to reach the nearest resistance line, which can reverse the price movement...

EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while. 6/15/2016 There’re a “Tweezers” and a “Hammer” at the local low, which both have been confirmed. So, the market is likely going to take through the “Window” paces once again. If a pullback happens afterwards, bears will...

GBP/USD: bulls are ready to deliver a local correction 6/15/2016 There’s a support at 1.4089, which has stopped bears for a while. So, the market is likely going to get a resistance at 1.4227 – 1.4248. If sellers push off from this area, there’ll be an opportunity to see a decline towards a...

EUR/USD: two "V-Bottoms" are calling an upward correction 6/15/2016 The price has faced a support at 1.1179, which led to the local upward movement towards a resistance at 1.1219. Nevertheless, the market is likely going to reach the next resistance area between the level at 1.1242 and the...

EUR/USD loses the ground again 6/15/2016 Yesterday's Forex trading session has been noted by severe depreciation of European currency against the American dollar. The EURUSD has lost more than a figure: minimums of the day was going under the 12th figure, to 1.1180/90. During this time the...

USD/JPY ahead Fed decision: Strong demand zone in place? 6/15/2016 Today will be released the major economic data of the week at 18:00 GMT, where the US Federal Reserve will decide about to hike or hold the interest rate during this month, which remains at 0.50%. Analysts don't expect, with...

Forex trading plan for June 15 6/14/2016 Risk aversion remained the main driver of the Forex market on Tuesday. US dollar index recovered as the greenback strengthened against the euro, British pound and commodity currencies. US retail sales growth slowed down in May, though the headline...

Oil prices have reached two-week low 6/14/2016 Oil prices have reached two-week low on Tuesday, as global fears about Brexit put pressure on risky assets. According to two opinion polls published on Monday, the supporters of British exit from the EU continued to grow in number ahead of the...

GBP/USD: new low is coming soon 6/14/2016 The price has found a support at 1.4089, which led to the current upward correction. Nevertheless, bears are still powerful, so the market is likely going to break the last low and reach a support at 1.4089 – 1.4036 afterwards. If sellers be stopped...

GBP/JPY broke pivotal support level 152.00 6/14/2016 GBP/JPY broke pivotal support level 152.00 Next sell targets - 148.00 and 146.00 GBP/JPY recently broke through the pivotal support level 152.00, which stopped the earlier minor impulse wave (i) at the start of April and which was set as the...

GBP/CHF reached sell target 1.3800 6/14/2016 GBP/CHF reached sell target 1.3800 Next sell target - 1.3400 GBP/CHF recently broke though the support level 1.3800, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level accelerated the...

EUR/USD: bears with the "Two Black Crows" pushing the price down 6/14/2016 There’s a “Hanging Man” at the local high, which has been confirmed. We haven’t got any reversal patterns so far and that makes bears absolutely free to reach the nearest support line in the short term. As we can see...

USD/JPY: "Harami" urges bears to deliver a new low 6/14/2016 The price has been falling down since an “Evening Star” formed at the last high. The last candles are bearish, so we haven’t got any reversal patterns so far. Therefore, the market is likely going to reach the nearest support line...

Forex trading plan for June 14 6/14/2016 Forex market started a new week in a risk aversion mood because of the Brexit risk and the mass killing in Orlando, United States. Such environment was negative for the euro and British pound, but positive for Japanese yen. Industrial production and...

Key option levels: June 13-19 6/13/2016 EUR/USD • The closest resistance levels: 1.1462; 1.1523; 1.1572; 1.1611 • The closest support levels: 1.1218; 1.1153; 1.1103; 1.1075 • The range of upward risks: 1.1462-1.1611 • The range of downside risks: 1.1218-1.0975 Bulls could not hold the...

AUD/USD: outlook for June 13-19 6/13/2016 AUD/USD tested 0.7500 area during the past week. Australian dollar was supported as the Reserve bank of Australia kept the benchmark interest rate unchanged, iron ore prices recovered and the expectations of the US Federal Reserve’s rate hike at the...

USD/JPY: outlook for June 13-19 6/13/2016 USD/JPY remained close to this year’s minimums and this is not welcome by the Bank of Japan. Yet, as Japan’s prime minister Abe has delayed sales tax hike thus lifting the heavy weight from the nation’s economy, the possibility that the BOJ will expand...