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EUR/USD: "TWEEZERS" AND "HARAMI" 12:43 31.10.2017 There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 Moving Average, which could be a departure point for another decline. The 34 Moving Average is acting as resistance, so...

EUR/USD: ZIGZAG IN WAVE (IV) 09:56 31.10.2017 There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so we should keep an eye on 3/8 MM Level as an intraday target. If a pullback from this level happens, there'll be an opportunity...

GBP/USD: BULLISH "FLAG" 09:28 31.10.2017 The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance at 1.3278 - 1.3311 in the short term. If we have a pullback from this area, there'll be an option to have a decline towards the closest...

EUR/USD: "V-BOTTOM" PATTERN 09:24 31.10.2017 There's a "V-Bottom" pattern, so the price is consolidating. It's likely that bulls are going to reach the nearest resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline...

USD/CAD: BULLS REMAIN IN CONTROL 07:21 31.10.2017 Recommendation: BUY 1.292 SL 1.2865 TP1 1.302 TP2 1.3245 BUY 1.2715 SL 1.266 TP1 1.2815 TP2 1.2915 On the daily chart, USD/CAD keeps forming an inverted “Shark” pattern with a target at 88.6%. To continue the rally bulls, need to renew...

GOLD: BULLS FENDED OFF AN ATTACK 07:08 31.10.2017 Recommendation: SELL $1264 SL $1279 TP $1237 TP2 $1212 On the daily chart, the first attempt to test support at $1264-1267 an ounce was a failure. Bears want to repeat their attack. Their success will increase the odds of the pair reaching...

USD/JPY: 89 MOVING AVERAGE ACTING AS SUPPORT 12:49 30.10.2017 There's a bearish "Engulfing", which has been confirmed, so the price is declining. The main intraday target is the 34 Moving Average, which could be a departure point another bullish rally. The 89 Moving Average is acting as...

EUR/USD: "INVERTED HAMMER" PATTERN 12:46 30.10.2017 There're bullish patterns such a "High Wave" and an "Engulfing", which both have been formed at the local low. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline...

AUD/USD: AUSSIE CALLED A SHARK 07:39 30.10.2017 Recommendation: BUY 0.7685 SL 0.7630 TP 0.7775 On the daily chart, AUD/USD reached convergence area of 0.7607-0.7732 (88.6% and 161.8% targets of the “Shark” and “Crab” patterns + 61.8% of the long-term descending wave). This together with the...

NZD/USD: KIWI CAUGHT A CRAB 07:17 30.10.2017 Recommendation: BUY 0.689 SL 0.6835 TP 0.699 On the daily chart, NZD/USD broke below the diagonal support and went outside of the uptrend channel. As a result, the odds of reaching 127.2% and 161.8% targets of “Crab” pattern will increase. On...

EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE 07:11 30.10.2017 +1/8 MM Level has acted as resistance, so a bullish impulse in wave (c) might be ended. In this case, there's an opportunity to have bearish wave 3. The main target for the coming days is 6/8 MM Level. There's a pullback from 2/8...

GBP/USD: 34 MOVING AVERAGE ACTS AS RESISTANCE 06:57 30.10.2017 We've got a "V-Bottom", which pushed the price to the nearest resistance at 1.3150. The 89 Moving Average is likely going to act as resistance in the short term. If we have a pullback from this line, bears will probably try to...

EUR/USD: "V-BOTTOM" PATTERN 06:54 30.10.2017 There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1615. Nevertheless, the market is likely going to achieve the next resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, we could have a...

USD/JPY: DOLLAR RETURNED TO CLOUD 06:51 30.10.2017 Technical levels: support – 113.40; resistance – 114.40. Trade recommendations: Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and...

GBP/USD: POUND WILL TEST SSA 06:50 30.10.2017 Technical levels: support – 1.3100; resistance – 1.3150. Trade recommendations: Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and...

USD/JPY: BULLISH "DOJI" 12:14 27.10.2017 The price reached the nearest resistance, but there isn't any reversal pattern so far. So, bulls are likely going to deliver a new local high. Nevertheless, there's an opportunity to have a downward correction in the short term. There's a bullish...

EUR/USD: SERIES OF "THREE METHODS" PATTERNS 12:11 27.10.2017 There's a developing bearish "Three Methods". If this pattern confirms, the price is likely going to continue moving down until any bullish model forms. We've got series of "Three Methods" patterns, so the price is still...

GBP/USD: "TRIPLE TOP" PATTERN 09:46 27.10.2017 The last bearish "Double Top" led to the current decline. It seems like bears are ready to move on, so we could have a new local low soon. At the same time, there's an opportunity to have an upward correction afterwards. The main bullish target...

EUR/USD: "FLAG" PATTERN 09:40 27.10.2017 Bears faced with support at 1.1615, so the price is consolidating. The main intraday target is the next support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward correction in the direction of the...

EUR/GBP: BULLS DREAM ABOUT SURFING 06:37 27.10.2017 Recommendations: BUY 0.8895 SL 0.884 TP1 0.8995 TP2 0.9075 SELL 0.8770 SL 0.8825 TP 0.8670 On the daily chart, the “Shark” pattern is transforming into 5-0. Return to 50% of the wave CD may be a reason for buying. On the other hand, a break...