Search results

EUR/USD: 34 MA ACTING AS RESISTANCE 08:29 10.10.2017 The 34 Moving Average is acting as resistance, but the market is likely going to reach the next resistance at 1.1822 - 1.1837 in the short term. If a pullback from this area happens, we could have a decline towards the nearest support at...

USD/CAD: BULLS TOOK A PAUSE 08:07 10.10.2017 Recommendation: BUY 1.2595 SL 1.254 TP1 1.2715 TP2 1.292 TP3 1.324 On the daily chart, bulls decided to take a pause after reaching the maximal level since the end of August. Until then, as long as the quotes are above support at 1.2462 (23.8% of...

XAU/USD: BULLS COUNTERATTACKED 07:54 10.10.2017 Recommendation: SELL $1277 SL $1292 TP $1247 On the daily chart, XAU/USD bulls managed to get to an important support at $1267 an ounce and let the pair outside of the short-term descending channel. The pair’s currently getting ready to conquer...

USD/JPY: DOLLAR ENTERED INTO CLOUD 04:57 10.10.2017 Technical levels: support – 112.40; resistance – 113.30. Trade recommendations: Sell — 112.30; SL — 112.50; TP1 — 111.90; TP2 — 111.60. Reason: bullish Ichimoku Cloud with rising Senkou Span B, but horizontal Senkou Span A; a cancelled...

AUD/USD: AUSSIE IN CORRECTION TO KIJUN 04:56 10.10.2017 Technical levels: support – 0.7760; resistance – 0.7800 Trade recommendations: Sell — 0.7800; SL — 0.7820; TP1 — 0.7760; TP2 — 0.7715. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and...

EUR/USD: BULLISH "HIGH WAVE" 11:57 09.10.2017 There's a "High Wave" pattern, which has been confirmed. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline. We've got a local bullish "High Wave", so there's an opportunity to...

USD/JPY: "TWEEZERS" AND "ENGULFING" PATTERNS 11:56 09.10.2017 We've got a "Tweezers" and an "Engulfing" patterns, which both have been formed at the local high. So, the 34 Moving Average is likely going to act as support soon. If a pullback from this line happens, we could have another...

EUR/USD: ANOTHER PULLBACK FROM 0/8 MM LEVEL 10:00 09.10.2017 There's another pullback from 0/8 MM Level, so wave 4 may have been formed. Also, we've got a possible ending diagonal in wave [c] of 4. In this case, bulls are likely going to deliver an impulse in wave . The main intraday target...

GBP/USD: "V-BOTTOM" PATTERN 09:17 09.10.2017 Bears faced with support at 1.3017, so we've got a "V-Bottom" pattern. In this case, the pair is likely going to achieve the nearest resistance at 1.3182 in the short term. However, if we have a pullback from this level, there'll be an option to...

EUR/USD: "THORN" PATTERN PUSHED PRICE HIGHER 09:16 09.10.2017 There's a "Thorn" pattern, which pushed the price higher, but bulls faced with resistance at 1.1739. In this case, the market is likely going to test the nearest support at 1.1688, which could be a departure point for an upward...

AUD/USD RAN INTO SHARKS 07:38 09.10.2017 Recommendation: SELL 0.773 SL 0.7785 TP 0.76 SELL 0.786 SL 0.7915 TP1 0.773 TP2 0.76 On the daily chart, AUD/USD keeps going to 161.8% and 88.6% targets of the junior “Crab” pattern and the senior “Shark” pattern. They are situated around 0.76. The...

NZD/USD: BEARS RETURNED HOME 07:20 09.10.2017 Recommendation: SELL 0.7145 SL 0.72 TP1 0.6045 TP2 0.6965 BUY 0.6965 SL 0.691 TP1 0.7065 TP2 0.7145 On the daily chart, NZD/USD keeps forming Gartley pattern. Its 78.6% target is near the lower border of the uptrend channel. This increases the...

GBP/USD: POUND MADE A NEW LOWS 05:21 09.10.2017 Technical levels: support – 1.3060, 1.3000; resistance – 1.3150. Trade recommendations: Sell — 1.3150; SL — 1.3170; TP1 — 1.3060; TP2 — 1.3000. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and...

EUR/USD: EURO FIXED POSITIONS OVER KIJUN-SEN 05:20 09.10.2017 Technical levels: support – 1.1725, 1.1700; resistance – 1.1760/70. Trade recommendations: Sell — 1.1750; SL — 1.1770; TP1 — 1.1700; TP2 – 1.1650 Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new dead cross...

EUR/AUD: TARGETING THE 1.5140 LEVEL 00:08 09.10.2017 EUR/AUD has gained momentum around the 65% Fibonacci retracement level at 1.4962 and now it’s targeting the -23.6% Fibo zone at 1.5138. During Friday’s session, it made a pull back in an effort to correct recent gains in the pair. If it...

USD/JPY: "WINDOW" ACTING AS SUPPORT 12:14 06.10.2017 The "Window" is acting as support, so we've got an "Engulfing" pattern. Therefore, the market is likely going to reach the nearest resistance area pretty soon. There's a bearish "High Wave", which has been confirmed. So, the price is...

EUR/USD: "ENGULFING" AND "HAMMER" 12:12 06.10.2017 We've got a bullish "High Wave", which hasn't been confirmed enough. So, we could have just a local upward correction in the short term. If a pullback from the nearest resistance happens, bears are likely going to break the last low. We've...

US NONFARM PAYROLLS: FORECASTS FROM BANKS 10:28 06.10.2017 The United States will release labor market data at 15:30 MT time today. According to the consensus forecast, American economy added in September only 88K of new jobs after gaining 156K in August. The reason for weak expectations in the...

GBP/USD: BEARS CAN'T STOP 09:08 06.10.2017 Bears faced with support at 1.3081, but the market is likely going to test the next support at 1.3017 - 1.2994 in the short term. If a pullback from this area happens, we could have a bullish price movement towards the nearest resistance area at...

EUR/USD: PRICE GOING TO TEST NEAREST SUPPORT 09:05 06.10.2017 The price is consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1661 - 1.1612. If a pullback from this area happens, we could have another upward price movement towards the closest...