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Forex Analytics GBP/USD: flat in the range of a "Pennant" pattern 11 May 2016 There's a flat in progress between a resistance by the 55 Moving Average and a support at 1.4374. Considering a “Wedge” and a “V-Top”, the market is likely going to falling down towards the upper side of the...

Forex Analytics EUR/USD: trendline under the bearish pressure 11 May 2016 Bears have been stopped by the current uptrend line, so we’ve got a flat in progress. The market is likely going to break the trendline in the short term. Therefore, we should keep an eye on the nearest support at...

Forex Analytics NZD/USD: the return to the area of 0.6836 is expected. 10 May 2016 Leonid Varfolomeev The pair eventually broke the level 4/8(0.6836) from the third time. The price has being returned to this level too often recently, however, in spite of the trend change, the growth to the...

Forex Analytics GOLD: planes of Bulls were not changed 10 May 2016 Leonid Varfolomeev The insignificant breakdown of the level 5/8 (1265.63) is unlikely to be regarded as a signal to a further reduction. After all, the trend has not changed, moreover, STD1 not changed the colour. Nevertheless...

Forex Analytics USD/JPY: the new bullish attack is not far off 10 May 2016 The nearest “Window” has been broken, so bulls are free to move on, because there’s a “Mat Hold” pattern. As we can see on the Daily chart, there isn’t any reversal pattern so far. Therefore, the market is likely...

Forex Analytics EUR/USD: "Engulfing" killed the bearish enthusiasm 10 May 2016 There's a strong support by the 55 Moving Average, but the last bearish “Hammer” and “Engulfing” haven’t been confirmed yet. So, there’s an open door for an achievement the 89 Moving Average in the short term. As...

Forex Analytics NZD/USD reached sell target 0.6850 10 May 2016 By: Dmitriy Chernovolov -NZD/USD reached sell target 0.6850 -Next sell target - 0.6650 NZD/USD has been falling in the last few trading sessions inside the minor impulse wave 3, which belongs to the intermediate impulse wave (C)...

Forex Analytics USD/JPY reached sell target 106.00 10 May 2016 By: Dmitriy Chernovolov -USD/JPY reached sell target 106.00 -Next buytarget - 110.00 USD/JPY continues to rise following the earlier upward reversal from the support level 106.00, which was set in our previous forecast as the...

Forex Analytics United Overseas Bank: targets for FX majors 10 May 2016 EUR/USD: Neutral: Downside has potential to extend lower to 1.1300 GBP/USD: Neutral: Daily fix below 1.4400 could lead to more declines to 1.4300 AUD/USD: Bearish: Expect slow move lower, below 0.7300 targets 0.7240...

Forex Analytics GBP/USD: "V-Bottom" has stopped the decline 10 May 2016 The price faced a support on the 89 Moving Average, which stopped bears. However, the current downtrend is likely going to move on, so we should keep an eye on the nearest support at 1.4343 – 1.4305. Therefore, a bullish...

Forex Analytics EUR/USD: bears are preparing for a correction 10 May 2016 There's a “Thorn” pattern, which helped bears to move on. Currently, the price achieved the 55 Moving Average and the uptrend line. Considering previously formed bearish patterns, it's likely that the market is going...

Forex Analytics USD/JPY: "Hammer" scared all bears away 9 May 2016 The nearest “Window” has been broken, so the market is likely going to reach the next “Window” in the short term, because we don’t have any reversal patterns so far. As we can see on the Daily chart, there’re two “Hammers” at...

Forex Analytics EUR/USD: "Belt Hold" has stopped bears 9 May 2016 We’ve got a “Belt Hold” on the 55 Moving Average, so there's an opportunity to see the market rising in the short term. Also, there's a “Doji” on the Daily chart, but it hasn’t been confirmed yet. Anyway, today’s candle is...

Forex Analytics EUR/AUD reached buy target 1.5430 9 May 2016 By: Dmitriy Chernovolov -EUR/AUD reached buy target 1.5430 -Next buy target - 1.5690 EUR/AUD recently broke through the resistance level 1.5430, which was set as the buy target in our previous forecast for this currency pair. The...

Forex Analytics NZD/JPY reversed from major support level 73.20 9 May 2016 By: Dmitriy Chernovolov -NZD/JPY reversed from major support level 73.20 -Next buytarget - 74.60 NZD/JPY continues to rise after the earlier upward reversal from the major support level 73.20 (which has reversed the...

Forex Analytics GBP/USD: one more "V-Top" 9 May 2016 The pair has been falling down since a “Wedge” was ended. Therefore, the market is likely going to reach a support at 1.4343 – 1.4305 in the short term. If bears be stopped here, there’ll be an opportunity to see the price on a resistance...

Forex Analytics EUR/USD: "Thorn" helped bears to reach the low 9 May 2016 The price faced the 55 Moving Average, so we’ve got a local flat in progress. It’s likely that the market is going to reach a support at 1.1327 in the short term. If so, an upward correction becomes possible, so we...

Forex Analytics AUD/USD: forecast for May 9-15 Elizabeth Belugina AUD/USD fell from the levels above 0.7700 below 0.7400. The Reserve bank of Australia cut benchmark interest rate from 2% to the record low of 1.75%. In addition, the RBA cut its inflation forecast for the end of this year from...

Forex Analytics US Dollar: forecast for May 9-15 Kira Iukhtenko US labor market data came out mixed on Friday. The economy added only 160K new jobs in April, while the March reading was revised down to 208K. At the same time, average hourly earnings growth accelerated to 0.3%. The US...

Forex Analytics Gold: forecast for May 9-15 Kira Iukhtenko Gold price spent the week in a consolidative mode, forming a doji candle. Bullion failed to overcome the $1300 resistance for now (January 2015 highs), but we expect the bullish move to be extended after a short-term correction. The...