EUR/USD: BROKEN "PENNANT"
08:32 27.09.2017
Bears went through support at 1.1772, so we should keep an eye on the next support at 1.1714 - 1.1688 as the next intraday target. If a pullback from this area happens, we could have an upward correction towards the nearest resistance at 1.1772 -...
GBP/USD: POUND IS FLIRTING WITH INDIANS
07:23 27.09.2017
Recommendations:
SELL 1.34 SL 1.3455 TP 1.3325 TP2 1.322
BUY 1.356 SL 1.3505 TP1 1.356 TP2 1.375
On the daily chart, GBP/USD keeps forming “Three Indians” pattern. A successful test of support at 1.3400 will allow bears to develop...
USD/CHF: FRANC HAS DRAWN A TRIANGLE
07:09 27.09.2017
Recommendation:
BUY 0.9745 SL 0.969
TP 0.9845, SELL 0.965
SL 0.9705 TP 0.9585
On the daily chart, USD/CHF keeps forming the “Dragon” pattern. Renewal of September high will allow to expect process growth towards the curl of the Dragon’s...
USD/JPY: 89 MA ACTED AS SUPPORT
12:23 26.09.2017
There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed. So, we should keep an eye on the 55 Moving Average as an intraday target.
The 89 Moving Average has acted as support, so we've got a bullish "High Wave"...
EUR/USD: BEARISH "HARAMI" LED TO DECLINE
12:19 26.09.2017
The last bearish "Harami" led to a decline. Also, there's a "Three Methods" pattern, so the market is likely going to continue falling down towards the nearest support area in the short term.
There isn't any reversal pattern so far...
GBP/USD: BULLISH "WEDGE" PATTERN
08:01 26.09.2017
The price is consolidating between the levels. Also, there's a bullish "Wedge" pattern, so the pair is likely going to test the nearest support at 1.3444 - 1.3404. If a pullback from this target happens, there'll be an opportunity to have an...
EUR/USD: BEARS FACED WITH SUPPORT
07:59 26.09.2017
The 89 Moving Average has been broken, so there's a new local low. In this case, the market is likely going to continue declining towards the nearest support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward...
USD/JPY: DOLLAR IS IN CORRECTION TO CLOUD
07:30 26.09.2017
Technical levels: support – 111.40, 111.10; resistance – 111.90, 112.20.
Trade recommendations:
Buy — 111.40; SL — 111.20; TP1 — 111.90; TP2 — 112.20.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross...
USD/JPY: "SHOOTING STAR" PATTERN
13:54 25.09.2017
The upper "Window" has acted as resistance once again, so we've got a "Shooting Star". In this case, the market is likely going to test the nearest "Window", which could act as support.
We've got a "Hammer", which has been formed on the 34...
EUR/USD: "WINDOW" REMAINS OPEN
13:51 25.09.2017
We've got a bearish "Harami", but the last "Window" remains open. So, the market is likely going to continue declining towards the nearest support. If any bullish pattern arrives later on, we could have an upward correction.
The price reached...
GBP/USD: DEVELOPING "RECTANGLE" PATTERN
13:23 25.09.2017
The price is still consolidating between the levels 1.3652 - 1.3444. It seems like bears are going to test the next support at 1.3479 - 1.3444. However, if a pullback from this area happens later on, bulls will probably try to reach the...
EUR/USD: NEW "BREAKAWAY GAP"
13:19 25.09.2017
There's a "V-Top" pattern, so a new "Breakaway Gap" was formed this morning. The 89 Moving Average is acting as support, but bears are likely going to test the next support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an...
AUD/USD: FIGHTING CONTINUES
10:48 25.09.2017
Recommendation:
SELL 0.795 SL 0.8005 TP1 0.7875 TP2 0.782
BUY 0.8055 SL 0.8 TP1 0.8155 TP2 0.824
On the daily chart, AUD/USD triggered Gartley pattern with a target at 78.6%. The necessary condition for its formation is the decline of the pair...
NZD/USD: BEARS RETURN TO THE GAME
10:23 25.09.2017
Recommendation:
SELL 0.728 SL 0.7335
TP 0.719 TP2 0.7105
TP3 0.705
On the daily chart, the inability of bulls to push the pair above the resistance level at 0.7280 was a signal of their weakness. In case of a break of the lower border of...
EUR/USD: BULLS GOING TO DELIVER WAVE 5
05:19 25.09.2017
There's a possible triangle pattern in wave 4. So, if the price fixates above 6/8 MM Level, bulls are likely going to deliver wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.
2/8 MM Level acted as...