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EUR/USD: "V-TOP" PATTERN 13:54 20.10.2017 There's a "V-Top" pattern, so the price reached the Moving Averages. It's likely that the market is going to reach the nearest support area at 1.1772 - 1.1757 in the short term. If a pullback from these levels happens little later on, we could have...

EUR/GBP: EURO IS WORKING WITH A DRAGON 08:46 20.10.2017 Recommendation: BUY 0.896 SL 0.8905 TP1 0.9085 TP2 0.9145 On the daily chart, EUR/GBP recoil from the upper border of the downtrend allowed bulls to counterattack and form the reversal patter 5-0. Its 88.6% target is reached, and the...

EUR/USD: BULLS SHOWED WEAKNESS 08:03 20.10.2017 Recommendation: SELL 1.1750 SL 1.1805 TP 1.1615 BUY 1.1860 SL 1.1805 TP 1.1950 On the daily chart, EUR/USD keeps forming 5-0. Pullbacks to 50% and 38.2% of the wave CD are usually used for selling. The inability of bulls to lead the pair...

EUR/USD: BULLISH "ENGULFING" 12:10 19.10.2017 There's a bullish "Engulfing", which has been confirmed. At the same time, we've got a "Three Methods" pattern, so the market is likely going to continue moving up towards the next resistance area. The last "Three Methods" pattern pushed the...

USD/JPY: "THREE METHODS" PATTERN 12:07 19.10.2017 We've got a bearish "Doji", so the price is declining. The main intraday target is 55 Moving Average. If a pullback from this line happens, we could have just another bullish price movement. There's a "Three Methods" pattern, but also the...

EUR/USD: WAVE (II) FINISHED ON 2/8 MM LEVEL 12:04 19.10.2017 The price fixated above 1/8 MM Level, so wave [ii] may have been formed. Therefore, we're likely going to have another upward impulse in wave [iii]. The main intraday target is 6/8 MM Level. 1/8 MM Level has acted as support...

GBP/USD: LOCAL "V-TOP" PATTERN 12:01 19.10.2017 The last "Double Bottom" pushed the price to the nearest resistance at 1.3221. However, there's a local "V-Top", so bears are likely going to test the closest support at 1.3150 in the short term. We've got a "Double Top", so the market is...

EUR/USD: BULLISH "DOUBLE BOTTOM" 11:58 19.10.2017 There's a bullish "Double Bottom", so the price is consolidating under the 89 Moving Average. The main intraday target is the nearest resistance area at 1.1822 - 1.1875, which could be a departure point for a bearish correction. The price...

USD/JPY: BULLS HAVE AWAKENED 07:08 19.10.2017 Recommendation: BUY 113.25 SL 112.7 TP1 114.3 TP2 115.35 On the daily chart, the inability of bulls to hold quotes within the long-term channel points at their weakness. Bulls counterattacked and want to reach 88.6% and 113% of the inverted...

EUR/JPY: EURO SAYS “BYE” TO CONSOLIDATION 07:00 19.10.2017 Recommendation: BUY 133.5 SL 132.95 TP1 135 TP2 136.1 On the daily chart, EUR/JPY is consolidating in the 131.65-133.50 range within the “Spike and ledge” pattern. The trend is bullish, so it’s necessary to prefer buying. A break of...

GBP/USD: POUND IS UNDER SSA YET 06:15 19.10.2017 Technical levels: support – 1.3130; resistance – 1.3200, 1.3240. Trade recommendations: Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.310. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen...

EUR/USD: EURO REACHED SSA AND KIJUN’S RESISTANCE 06:14 19.10.2017 Technical levels: support – 1.1770, 1.1730; resistance – 1.1825. Trade recommendations: Sell — 1.1790; SL — 1.1810; TP1 — 1.1730; TP2 – 1.1700 Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of...

EUR/USD: 1/8 MM LEVEL ACTED AS SUPPORT AGAIN 13:56 18.10.2017 Wave [ii] may have been formed, so there's an opportunity to have an upward impulse in wave [iii]. Previously we had a zigzag in wave 4. The main intraday target is 6/8 MM Level. 1/8 MM Level acted as support one more time, so...

EUR/USD: "WINDOW" ACTED AS SUPPORT 13:29 18.10.2017 The price is consolidating, but bulls are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have a decline towards the nearest support. The lower "Window" has acted as support, so...

USD/JPY: BULLISH "HAMMER" 13:26 18.10.2017 The 55 Moving Average acted as support and we've got a "Three Methods" pattern, so the price is rising. It's likely that the pair is going to test the next resistance in the short term. There's a bullish "Hammer", which has been formed at the last...

GBP/USD IS BEING HUNTED 07:38 18.10.2017 Recommendation: SELL 1.3155 SL 1.321 TP1 1.305 TP2 1.3 TP3 1.27 On the daily chart, GBP/USD keeps forming “Three Indians” pattern. Inability of the bulls to hold the pair above 1.3340 and 1.3265 is an indication of their weakness. Bears are ready for...

USD/CHF: FRANC IS DREAMING ABOUT A WEDGE 07:15 18.10.2017 Recommendation: BUY 0.9805 SL 0.975 TP1 0.9875 TP2 0.9985 On the daily chart, USD/CHF keeps forming the reversal “Dragon” pattern. The main task of the bulls is to bring the quotes outside of the downtrend channel with the following...

GBP/USD: BEARISH "PENNANT" PATTERN 06:56 18.10.2017 There's a "Triple Top", so the price is consolidating. The main intraday target is the nearest support area at 1.3120 - 1.3081. Therefore, if a pullback from these levels happens little later on, there'll be an opportunity to have another...

EUR/USD: PRICE GOING TO REACH NEXT SUPPORT 06:53 18.10.2017 The price is still declining but bears faced with support at 1.1735, so there's a local consolidation. Nevertheless, the market is likely going to reach the next support at 1.1719 in the short term. If a pullback from this level...

USD/JPY: BULLS TESTED SSA’S RESISTANCE 05:21 18.10.2017 Technical levels: support – 112.00; resistance – 112.40, 112.90. Trade recommendations: Buy — 112.20; SL — 112.00; TP1 — 112.90; TP2 — 113.40. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of...