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AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN 05:19 18.10.2017 Technical levels: support – 0.7830; resistance – 0.7915, 0.7955 Trade recommendations: Buy — 0.7830; SL — 0.7810; TP1 — 0.7915; TP2 — 0.7955. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of...

EUR/USD: "WINDOW" GOING TO ACT AS SUPPORT 13:54 17.10.2017 The last bearish "Three Black Crows" led to the current decline. At the same time, there isn't any bullish pattern so far. In this case, the market is likely going to continue declining in the direction of the nearest support. The...

USD/JPY: CONFIRMED BULLISH "HAMMER" 13:52 17.10.2017 The 89 Moving Average has acted as support, so we've got a "Hammer" and a "Tweezer" patterns. So, bulls are likely going to test the nearest "Window" in the short term. The last bullish "Hammer" has been confirmed. However, there's a...

EUR/USD: DEVELOPING WAVE [II] 10:50 17.10.2017 The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii]. There's a developing...

GBP/USD: DEVELOPING "PENNANT" PATTERN 09:15 17.10.2017 We've got a local "V-Top", so the price is consolidating. Also, there's a possible "Pennant" pattern, so the pair is likely going to test another support at 1.3221 - 1.3150. Meanwhile, if we have a pullback from these levels, there'll be...

EUR/USD: "DOUBLE TOP" PATTERN 09:14 17.10.2017 The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the closest...

USD/CAD: BULLS ARE READY FOR NEW HIGHS 07:45 17.10.2017 Recommendation: BUY 1.256 SL 1.2505 TP1 1.2715 TP2 1.292 TP3 1.324 On the daily chart, bulls are trying to restore the short-term uptrend. They managed to defend their fortress near 1.2460. Now buyers are counting on growth towards...

XAU/USD: GOLD IS FALLING INTO ABYSS 07:14 17.10.2017 Recommendation: SELL $1267 SL 1282 TP1 $1237 TP2 $1222 TP3 $1212 On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness. If sellers manage to trigger AB=CD, risks of continuation...

GBP/USD: POUND SUPPORTED BY KIJUN-SEN 06:03 17.10.2017 Technical levels: support – 1.3230; resistance – 1.3340. Trade recommendations: Buy — 1.3230; SL — 1.3210; TP1 — 1.3340; TP2 — 1.3375. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen...

EUR/USD: EURO RETURNED TO SENKOU SPAN A 06:02 17.10.2017 Technical levels: support – 1.1770, 1.1730; resistance – 1.1825. Trade recommendations: Buy — 1.1730; SL — 1.1710; TP1 — 1.1800; TP2 – 1.1825 Reason: bearish Ichimoku Cloud wit falling Senkou Span A; a new weak dead cross of Tenkan-sen...

EUR/USD: WAVE [II] ENDED LIKE A ZIGZAG 15:43 16.10.2017 There's a pullback from 1/8 MM Level, so wave [ii] may have been formed. So, we're likely going to have another upward price movement. The main target for wave [iii] is 6/8 MM Level. Wave [ii] ended like a zigzag, so the price is...

USD/JPY: BULLISH "HAMMER" 15:33 16.10.2017 The 89 Moving Average is acting as support, so we've got a bullish "Hammer" on this line. Therefore, the pair is likely going to test the 34 MA, which could act as resistance. There's a bullish "Hammer", so the market is likely going to test the...

EUR/USD: BULLISH "HAMMER" 14:08 16.10.2017 The price reached the nearest support, so we could have a reversal bullish pattern soon. If so, the price is likely going to test the closes resistance level, which could be a departure point for another decline. We've got a bullish "Harami" at...

AUD/USD: BULLS COUNTERATTACKED 08:41 16.10.2017 Recommendations: BUY 0.7815 SL 0.776 TP1 0.7955 TP2 0.8055 SELL 0.775 SL 0.7805 TP 0.7615 On the daily chart, the inability of bears to pull the prices below 0?7727 pointed at their weakness. Bulls counterattacked and count on the inverted...

USD/JPY: DOLLAR WILL TEST SSB’S SUPPORT 07:49 16.10.2017 Technical levels: support – 111.50; resistance – 112.40. Trade recommendations: Buy — 111.50; SL — 111.30; TP1 — 112.40; TP2 — 112.80. Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and...

AUD/USD: AUSSIE GOING TO SSB 07:47 16.10.2017 Technical levels: support – 0.7860; resistance – 0.7915, 0.7955 Trade recommendations: Buy — 0.7880; SL — 0.7860; TP1 — 0.7915; TP2 — 0.7955. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and...

NZD/USD: BEARS ARE IN THE FORTRESS 07:05 16.10.2017 Recommendation: SELL 0.7145 SL 0.72 TP 0.698 On the daily chart, NZD/USD formed AB=CD pattern with a target at 127.2%. The pair failed to reach 78.6% of the Gartley pattern. This gives bears hope for a resumption of the downtrend. Their main...

EUR/USD: BULLS GOING TO DELIVER WAVE [III] 10:26 13.10.2017 There's a zigzag in wave 4, so an upward impulse in wave has been formed. In this case, we could have a correction, which could be wave [ii]. Nevertheless, bulls are likely going to deliver wave [iii] afterwards. Wave (v) of may...

GBP/USD: "THORN" PATTERN 08:09 13.10.2017 Bulls faced with resistance at 1.3290, but the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.3290 - 1.3342 as an intraday target. If we have a pullback from this area, there'll be an opportunity to...

EUR/USD: 34 MA ACTED AS SUPPORT 08:08 13.10.2017 The price is consolidating between the levels 1.1892 - 1.1822. It's likely that bulls are going to reach the nearest resistance at 1.1892 in the short term. If a pullback from this level happens little later on, there'll be an opportunity to...