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EUR/USD WANDERED IN BEARS’ LAIR 06:26 27.10.2017 Recommendation: SELL 1.167 SL 1.1725 TP1 1.155 TP2 144 SELL 1.1695 SL 1.175 TP1 1.155 TP2 1.144 On the daily chart, EUR/USD formed a 5-0 pattern: after a pullback towards 50% of the wave CD of the “Shark” pattern, the pair declined. Correction...

AUD/USD: AUSSIE IS OVERSOLD 06:07 27.10.2017 Technical levels: support – 0.7610; resistance – 0.7690 Trade recommendations: Buy — 0.7610; SL — 0.7590; TP1 — 0.7690; TP2 — 0.7730. Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling...

GBP/USD: POUND RETURNED TO NEGATIVE AREA 06:05 27.10.2017 Technical levels: support – 1.3100; resistance – 1.3150. Trade recommendations: Sell — 1.3160; SL — 1.3180; TP1 — 1.3100; TP2 — 1.3075. Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of...

USD/JPY: PRICE CONSOLIDATING NEAR "WINDOW" 13:25 26.10.2017 The price is consolidating near the "Window". The 55 Moving Average is likely going to act as support, which could be a departure point for another bullish price movement. There's a bearish "Engulfing", which has been formed at...

EUR/USD: BEARISH "HIGH WAVE" 13:22 26.10.2017 There's a "Shooting Star", which has been formed at the local high. So, the price is likely going to continue declining until any bullish pattern arrives. The last bearish "High Wave" led to the current massive decline, but there's an...

EUR/USD: DEVELOPING BULLISH IMPULSE 09:19 26.10.2017 The price has been rising since wave [ii] ended. It's likely that there's a developing bullish impulse, which could be wave [iii]. The main intraday target is 6/8 MM Level. There are two bullish impulses, which are likely waves (i) and...

GBP/USD: "DOUBLE BOTTOM" PATTERN 09:02 26.10.2017 There's a "Double Bottom" pattern, so the price is rising. The 34 Moving Average is likely going to act as support in the short term. If a pullback from this line happens little later on, there'll be an option to have a bullish price movement...

EUR/USD: PRICE GOING TO TEST NEXT SUPPORT 08:59 26.10.2017 All the Moving Averages have been broken, so the price is moving up. The main intraday target is the nearest resistance at 1.1857. If a pullback from this level happens, there'll be an opportunity to have a decline towards the closest...

USD/JPY: SHARKS ARE CHASING THE YEN 07:19 26.10.2017 Recommendation: BUY 112.5 SL 111.95 TP1 113.5 TP2 114.3 TP3 115.3 BUY 114.25 SL 113.7 TP1 115.3 On the daily chart, USD/JPY reached 88.6% target of the «Shark” pattern. As a result, the risks of correction towards 23.6%, 38.2% and 50% of...

EUR/JPY IS GOING NORTH 07:12 26.10.2017 Recommendation: BUY 133.25 SL 132.7 TP1 134.25 TP2 136 BUY 134.5 SL 133.95 TP 136 On the daily chart, EUR/JPY keeps trading within an uptrend and junior and senior AB=CD. Their 161.8% and 224% targets are near 136. The recent resistance at 133.50 acts...

EUR/USD: POSSIBLE DOUBLE ZIGZAG IN WAVE [II] 12:41 25.10.2017 Wave [ii] might have been ended, so there's an opportunity to have another upward impulse wave. Previously, an upward impulse in wave was formed. The main target for wave [iii] is 6/8 MM Level. As we can see on the one-hour...

USD/JPY: BULLISH "THREE METHODS" PATTERN 12:25 25.10.2017 There's a bullish "Three Methods" pattern, which has been confirmed enough. So, the market is likely going to continue moving up in the short term. If any bearish pattern forms afterwards, there'll be an option to have a decline in the...

EUR/USD: 21 & 34 MA ACTING AS RESISTANCE 12:22 25.10.2017 The 21 & 34 Moving Averages are acting as resistance, but there's still no any reversal pattern so far. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline. Bulls have reached...

GBP/USD: BEARISH "PENNANT" 08:05 25.10.2017 The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation. It's likely that the pair is going to achieve the closest support at 1.3081 - 1.3026 during the day. If a pullback from these...

EUR/USD: "THORN" PATTERN 08:02 25.10.2017 There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.1729 - 1.1719. If we have a pullback from this area, there'll be an opportunity to have an upward price movement towards the nearest...

GBP/USD: BEARS WANT TO CONTINUE THE FEAST 06:45 25.10.2017 Recommendation: SELL 1.3100 SL 1.3155 TP1 1.3 TP2 1.271 On the daily chart, inability of bulls to keep GBP/USD above 1.3175 points at their weakness. Bears are regaining the initiative and are ready to attack the lower border of the...

USD/CHF: BULLS BROKE FREE 06:33 25.10.2017 Recommendation: BUY 0.9880 SL 0.9825 TP1 0.998 TP2 1.004 On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon's head” and quitted the descending trade channel, we are certain that bulls have the...

GBP/USD: POUND RETURNED TO MINIMUMS OF LAST WEEK 05:40 25.10.2017 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 weak golden...

EUR/USD: EURO READY TO GOING LOWER 05:39 25.10.2017 Technical levels: support – 1.1730; resistance – 1.1770. Trade recommendations: Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680 Reason: narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of...

USD/JPY: NO ANY BEARISH PATTERN SO FAR 13:15 24.10.2017 We've got a bullish "Hammer", which has been formed at the local low. Considering confirmation of this pattern, the market is likely going to reach the nearest resistance level. In this case, the last local high could be broken soon...