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WHAT IS PMI AND WHY IS IT IMPORTANT? Purchasing Managers’ Index (PMI) is an indicator that measures the economic health of the manufacturing sector. The aim of the Index is to provide information about current business conditions to company analysts, purchasing managers, decision makers. Learn...

USD/JPY: FLAT UNDER MOVING AVERAGES 12:03 31.01.2018 The price is consolidating under the Moving Averages. There isn't any confirmed bullish pattern, so the pair is likely going to continue moving lower towards the next "Window". There's a "High Wave" pattern, so the price is likely going...

EUR/USD Daily Analytics 12:00 31.01.2018 The last "Tweezers" and "Hammer" patterns are still on the table, cause there isn't any reversal model so far. In this case, the market is likely going to continue moving higher in the short term. The 34 & 55 Moving Averages have acted as support...

GBP/USD Daily Analytics 11:56 31.01.2018 The 34 Moving Average has acted as support, so there's a "Double Bottom" pattern. In this case, the price is likely going to achieve the closest resistance area at 1.4284 - 1.4344. There's a local "V-Top" pattern, so the pair is likely going to test...

EUR/USD Daily Analytics 11:53 31.01.2018 The price is consolidating between the levels 1.2456 - 1.2322. The main intraday target is the nearest resistance at 1.2500 - 1.2537. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the next...

WILL DOVISH YELLEN BECOME HAWKISH? 11:51 31.01.2018 Janet Yellen leaves the post of the Fed chair this Friday, February 2. The policy of Yellen was known more as dovish, she used to be cautious and did not hurry to tighten policy more than necessary. However, now experts expect a...

GBP/USD Daily Analytics 07:05 31.01.2018 Recommendation: BUY 1.4285 SL 1.423 TP1 1.4385 TP2 1.461 TP3 1.4715 On the daily chart, GBP/USD pulled back after reaching 200% target of the AB=CD pattern. Advance beyond January high will allow the pound to continue rising towards $1,4610. As long...

USD/CHF Daily Analytics 06:58 31.01.2018 Recommendation: SELL 0.9310 SL 0.9365 TP1 0.9210 TP2 0.9110 TP3 0.9030 BUY 0.9395 SL 0.9340 TP 0.9465 TP2 0.9500 TP3 0.9600 On the daily chart, USD/CHF formed a short-term consolidation. A decline below January low will allow the pair to continue the...

GBP/USD Daily Analytics 05:45 31.01.2018 Technical levels: support – 1.4070; resistance – 1.4180, 1.4210. Trade recommendations: Buy — 1.4150; SL — 1.4130; TP1 — 1.4210; TP2 — 1.4270. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen...

EUR/USD Daily Analytics 05:44 31.01.2018 Technical levels: support – 1.2400; resistance – 1.2460, 1.2530. Trade recommendations: Buy — 1.2400/20; SL — 1.2380; TP1 — 1.2460; TP2 — 1.2530 Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and...

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EUR/USD: "DOUBLE TOP" PATTERN 09:48 30.01.2018 The main trend is still bullish, but there's a "Double Top" pattern, which has been confirmed. So, the pair is likely going to test the nearest support at 1.2300 - 1.2272 in the short term. If a pullback from this area happens little later on...

GBP/USD: MAIN INTRADAY TARGET IS 55 MA 09:51 30.01.2018 We've got a "Double Top" pattern, which has been confirmed. The main intraday target is the 55 Moving Average. If a pullback from this line happens afterwards, there'll be a moment to have another upward price movement. All the Moving...

USD/JPY: BEARISH "HARAMI" 12:13 30.01.2018 There's a bearish "Harami", which has been formed at the last local high. Considering confirmation of this pattern, the market is likely going to test the next lower "Window" soon. We've got a "Harami" and an "Engulfing" patterns, which both have...

EUR/USD Daily Analytics 11:47 30.01.2018 There are bullish patterns such a "Tweezers" and a "Hammer", which both have been formed at the last local low. Therefore, the market is likely going to test the nearest resistance area in the short term. The 89 Moving Average has acted as support...

GBP/USD Daily Analytics 09:51 30.01.2018 We've got a "Double Top" pattern, which has been confirmed. The main intraday target is the 55 Moving Average. If a pullback from this line happens afterwards, there'll be a moment to have another upward price movement. All the Moving Averages have...

EUR/USD Daily Analytics 09:48 30.01.2018 The main trend is still bullish, but there's a "Double Top" pattern, which has been confirmed. So, the pair is likely going to test the nearest support at 1.2300 - 1.2272 in the short term. If a pullback from this area happens little later on, there'll...

ITALIAN ELECTION: IS THE EURO UNDER RISK? 09:25 30.01.2018 Italian election is supposed to create volatility of the euro in the next month. The election is appointed on March 4, but talks about its destroying effect on the euro have already started. The opponent of the government under the...

USD/CAD Daily Analytics 08:09 30.01.2018 Recommendation: BUY 1.2390 SL 1.2335 TP 1.2490 SELL 1.2295 SL 1.235 TP1 1.2195 TP2 1.2095 On the daily chart, the exit of USD/CAD outside of the triangle increases the risks of the downtrend’s resumption. The pair triggered AB=CD pattern with target at...

XAU/USD Daily Analytics 07:57 30.01.2018 Recommendations: BUY $1324 SL $1309 TP1 $1354 TP2 $1374 TP3 $1394 SELL $1302 SL $1317 TP1 $1267 TP2 $1240 On the daily chart, XAU/USD has reached the targets of “Three Indians” pattern. As long as gold is trading above support at $1302-1306 an ounce...