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EUR/USD: bears are attacking bulls by the "Shooting Stars" 5/27/2016 There’s a “Tweezers” on the “Window’s” upper side, which has been confirmed. After a while, an “Engulfing” arrived on the Moving Average, but a “Harami” was formed in the short run, so an upward movement becomes possible in...

GBP/USD: bears are trying to turn the tide of battle after the "Double Top" 5/27/2016 The pair has faced a resistance at 1.4738, so we’ve got a “Double Top” pattern, which has been confirmed. Therefore, the market is likely going to decline towards the nearest support at 1.4576. Nevertheless...

EUR/USD: the nearest resistance is waiting for bulls 5/27/2016 Bulls have slowed down after the price reached a resistance at 1.1217. However, the market is likely going to test this resistance once again in the short term. If a pullback from there happens, there’ll be the very special moment...

AUD/CAD reached sell target 0.9360 5/26/2016 -AUD/CAD reached sell target 0.9360 -Next sell target - 0.9300 AUD/CAD continues to fall after the earlier breakout of the support level 0.9360, which was set as the sell target in our previous forecast for this currency pair. The breakout of the...

USD/JPY: "Three White Soldiers" marching in lockstep towards the last high 5/25/2016 There’s a “Harami” at the local low and on the 89 &34 Moving Averages. This pattern has been confirmed, so the market is likely going to reach the nearest resistance. As we can see on the Daily chart, we’ve...

EUR/USD: "Tweezers" on the last "Window" brought bulls into the market 5/26/2016 The upper side of the nearest “Window” has acted as a support, so the price is rising. Moreover, we’ve got a “Tweezers” at the last low, so the market is likely going to moving up towards the 21 Moving Average...

GBP/USD: "Pennant" urge bulls to move on 5/25/2016 There’s a “Triangle”, which has been broken by the last bullish rally. The price faced a resistance at 1.4695 – 1.4758 afterwards, so we’ve got a flat in progress. Therefore, the market is likely going to get a resistance at the nearest trend...

EUR/USD: bulls are going to reach the channel 5/26/2016 The price has found a support at 1.1124, which brought a “Double Bottom” pattern. Therefore, the market is likely going to reach a resistance at 1.1217, which is near the downtrend line. If a pullback from this level happens, a downward...

European shares are powered by Greek bailout deal 5/25/2016 On Wednesday, European stocks leapt because Greece’s creditor came to a compromise as for unlocking more bailout funds for the debt-burdened economy. Oil, getting closer to the $50-a-barrel level also gave decent support to European...

Draghi criticism is dangerous and excessive 5/25/2016 The constantly growing personal criticism of Mario Draghi, the European Central Bank governor appears to be excessive and therefore dangerous. That’s what Francois Villeroy de Galhau, the ECB governing council member told in an interview in...

German consumer climate keeps rising 5/25/2016 In May, the overall mood of German consumers demonstrated a mixed performance. The consumer climate indicator is actually predicting up to 9.8 points for June, compared with May’s outcome of 9.7 points. While economic expectations as well as the...

Foxconn won't sell Sharp's solar power business 5/25/2016 On Wednesday, Taiwan’s high tech giant Foxconn officially announced that it is not going to sell its Sharp Corporation’s solar power business, amid growing worries from the company’s business partners as for a probable closure of this...

Asian stocks are driven by oil and upbeat US data 5/25/2016 On Wednesday, stocks across Asia edged up, as crude oil prices dared to advance to their highest peaks in more than seven months, while market participants share upbeat sentiment as for the prospect of the Fed’s another interest-rate...

Aussie rises in Asia amid reviving construction activity 5/25/2016 On Wednesday, the Australian dollar managed to gain after construction data along with the Japanese yen edged up as market participants are turning their attention to the Fed’s upcoming rate lift. In Australia, construction...

NYMEX and Brent gain in Asia 5/25/2016 On Wednesday, oil gained in Asia as American industry stock data demonstrated an abrupt sag at the end of last week. In New York, June delivery WTI crude futures acquired 1.36%, trading at $49.28 per barrel. Simultaneously, Brent crude ended up...

Gold prices slump in Asia 5/25/2016 On Wednesday, gold prices in Asia edged down, as market participants mostly expect a rate raise by the Fed already at the June monetary policy gathering. In New York, June delivery gold futures sagged 0.31%, trading at $1,225.35 per troy ounce. As for July...

GOLD: short-term goal has not been reached 5/24/2016 On the last week pair continued to tumble to oversold territory. Intersection STD1 with STH4 happened, as well as is fixing price below 0/8 (1250.00). This is enough to talk about further reducing to the level -1/8 (1234.38). Reducing STD1...

EUR/USD: bearish "Pennant" can bring a new low 5/24/2016 There’s a local flat in progress, so the market is likely going to reach a support at 1.1145 afterwards. Moreover, we’ve got a “Pennant” pattern, which indicates that bears are still in the game. However, if a pullback from a support at...

USD/JPY: on the cloud lining 5/24/2016 Yesterday's trading on USD/JPY had a downward dynamic. The pair had lost approximately1 figure during the day having decreased to the upper limit of four-hour Ichimoku cloud. Tenkan-Sen and Kijun-Sen responded promptly to the decrease by annuling the...

AUD/USD: bears' determination does not run low 5/24/2016 During the yesterday's trading session the currency pair AUD/USD has approached its recent minimum of 0.7180 again. So far it is obvious that the 72nd figure constrains the long-term sellers from starting a new round of sales, but panic...