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AUD/USD: bulls remain hesitant 5/23/2016 Daily. AUD/USD fixed below the Ichimoku cloud last week.Bulls have gently tested the resistance, created by the lower boundary of the cloud and are no longer trying to reverse the market to the upside. The pair lsipped to 0.7170 by the end of the week...

EURUSD: euro is losing momentum again 5/23/2016 Daily. European currency keeps floating. Last week, bears managed to get into the day-time Ichimoku cloud, regardless rather powerful support from the above line, approximately located at 1.1260. At the end of the week, the currency pair shifted...

USD/JPY: "Tower" signalizes a beginning of bearish correction 5/23/2016 There’s an “Engulfing” at the last high, which has been confirmed. The last candles are bearish, so the market is likely going to reach the 34 Moving Average as the nearest support. If a pullback from this line happens...

EUR/USD: bulls and bears continue their battle near the "Window" 5/23/2016 There’s a “Harami” at the last low, which has been confirmed. The nearest “Window” and the 21 Moving Average are acting as a support. Therefore, the market is likely going to reach the lower “Window” in the short term...

GBP/USD: bears using the "Triple Top" are trying to return into the game 5/23/2016 The price has found a support on the 34 Moving Average, which led to form a “V-Bottom” pattern. Therefore, the market is likely going to achieve a resistance at 1.4576. If bulls run out of steam on this levels...

EUR/USD: "Pennant" brings bears through the new low 5/23/2016 There’s a “Thorn” pattern, which led to the current local correction. Therefore, we’ve got a possible “Pennant” pattern, so the market is likely going to reach a support at 1.1145. If a pullback from this level happens, there’ll be...

US Dollar: forecast for May 23-29 The FOMC minutes released on Wednesday changed the market attitude to the greenback. The document revealed that the Fed’s members were discussing the June rate hike on their April meeting. Combined with the hawkish officials’ comments and improved US economic...

Gold prices stand still near 3-week trough 5/20/2016 On Friday, gold stood still, hovering near a three-week trough because the perspectives of June’s rate increase in America and a strengthening greenback kept weighing on the number one precious metal. In New York, June delivery gold...

Japan and USA rift over yen devaluation 5/20/2016 A soaring yen is currently pushing Tokyo and Washington into another standoff regarding exchange rates, driving anti-trade fervor in America and generating broader troubles in rather a vulnerable global economy. Japanese companies concerned...

Germany enjoyed record foreign investment in 2015 5/20/2015 In 2015, Germany managed to attract about 6.2 billion euros in foreign investment because the total number of new investors hit an all-time peak, mostly due to surging interest from China. Last year in Germany, foreign investors...

European stocks surge as crude prices rise 5/20/2016 On Friday, European stocks edged up, making their way towards weekly advance as market participants’ appetite for risk recovered after a sell-off driven by worries regarding the upcoming US interest rate hike. The StoXX Europe 600 went...

USD/JPY: "Harami" led to the bearish correction 5/19/2016 There’s a local correction in progress along the 89 Moving Average. Therefore, the market is likely going to test the nearest support. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can see...

GBP/CHF broke pivotal resistance level 1.4290 5/19/2016 GBP/CHF broke pivotal resistance level 1.4290 Next buy target - 1.4600 GBP/CHF recently broke through the resistance zone lying between the pivotal resistance level 1.4290 (which stopped the previous waves (b) and 2 in February and March)...

Dow Jones Industrial Average broke support level 17540.00 5/19/2016 -Dow Jones Industrial Average broke support level 17540.00 -Next sell target - 17300.00 Dow Jones Industrial Average has been falling in the last few trading sessions inside the intermediate impulse wave (3) – which earlier...

EUR/USD reached sell target 1.1300 By: Dmitriy Chernovolov 5/18/2016 EUR/USD reached sell target 1.1300 Next sell target - 1.1220 EUR/USD continues to fall after the earlier breakout of the support zone lying between the support level 1.1300 (previous sell target set in our earlier forecast...

EUR/USD: "Window" has been waiting for bears 5/18/2016 There’s a “Harami” on the 89 Moving Average, which led to the current decline. The main bearish target is the nearest “Window”, which is almost reached. It’s likely possible to see bullish patterns on this “Window”. If so, the market is...

GBP/USD: "V-Top" sends bulls back home 5/18/2016 The pair has found a resistance at 1.4515, which brought a “V-Top” pattern, so the price reached a support at 1.4425 afterwards. Therefore, the market is likely going to falling down towards a support area at 1.4343 – 1.4305. Then an upward...

EUR/USD: "Double Top" brings back bears to life The price has faced a support, which led to the local flat under the 89 Moving Average. Therefore, the market is likely going to reach the next support at 1.1217 in the short term. However, if a pullback from this level happens, an upward...

GBP/USD: Pound requires attention GBP/USD currency pair, after breaking through and reaching a favorable level on 4-hour timeframe, isn’t managing to succeed in further going for the recovery. The major technical factor, having influence on the market, is a rather strong resistance encountered...

EUR/USD: euro is on the support During yesterday’s trading session, the EUR/USD pair consolidated along the four-hour-Tenkan-sen. Due to the market’s settling after strong sales late last week, the short-term traders took their profit. However, the bears’ attitude is obviously getting more...