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USD/CHF: FRANC GOT INTO DRAGON’S LAIR 08:42 13.09.2017 Recommendation: BUY 0.9615 SL 0.956 TP1 0.9695 TP2 0.978 TP3 0.986 On the daily chart, USD/CHF formed a powerful reversal pattern “Triple bottom”. As a result, risks of a “Dragon” pattern increased, although bulls firstly need to get...

GBP/USD: MARKET GOING TO CLIMB EVEN HIGHER 07:56 13.09.2017 The last "Flag" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.3345 - 1.3374. If a pullback from this area happens little later on, bears will try to test the closest support...

EUR/USD: "V-BOTTOM" PATTERN 07:54 13.09.2017 The main trend is still bullish. The 34 Moving Average has acted as support, so we've got a "V-Bottom" pattern on this line. Therefore, the market is likely going to reach the nearest resistance at 1.2042 - 1.2069 in the short term. If a pullback...

USD/JPY: DOLLAR IS OVERBOUGHT 07:39 13.09.2017 Technical levels: support – 109.60, 109.10; resistance – 110.40. Trade recommendations: Sell — 109. 90; SL — 110.10; TP1 — 109.10; TP2 — 108.90. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and...

EUR/USD: EURO IS SUPPORTED BY CLOUD 07:38 13.09.2017 Technical levels: support – 1.1950, 1.1900; resistance – 1.2030, 1.2075. Trade recommendations: Buy — 1.1980/90; SL — 1.1960; TP1 — 1.2030; TP2 – 1.2075. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of...

EUR/USD: 3/8 MM LEVEL ACTED AS SUPPORT 07:24 13.09.2017 Wave [ii] may have been ended, cause there's a pullback from 6/8 MM Level. So, there's an opportunity to have wave [iii]. In this case, we should keep an eye on 8/8 MM Level as the next bullish target. There's a possible zigzag in...

US DOLLAR: A PULL BACK COMING SOON? 01:01 13.09.2017 US Dollar Index has been following to the bears against a basket of major currencies and it’s approaching to the 200 SMA at H1 chart, nearing to the Fibonacci level of 50% (92.14). If the index manages to break above that area, we can expect...

EUR/USD: BULLS GOING TO DELIVER CORRECTION 11:14 12.09.2017 We've got a bullish "Inverted Hammer", but this pattern remains unconfirmed. So, we could have the price a little bit lower in the short term. Anyway, bulls are likely going to deliver an upward correction afterwards. The 55...

USD/JPY: BULLISH "ENGULFING" PATTERN 11:10 12.09.2017 The price reached the 89 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to reach the next "Window", which could be a departure point for a downward correction. The last bullish...

EUR/USD: [II] TAKING FORM OF ZIGZAG 11:00 12.09.2017 7/8 MM Level has acted as resistance, so there's developing wave [ii]. If the price fixates above 6/8 MM Level little later on, there'll be an opportunity to have just another bullish impulse. The main target for wave [iii] is 8/8 MM Level...

GBP/USD: "DOUBLE TOP" PATTERN 09:02 12.09.2017 The price is consolidating between the levels 1.3223 - 1.3164. At the same time, there's a "Double Top" pattern, which has been confirmed. So, the last high could be tested once again in the short term, but bears are likely going to reach the...

EUR/USD: "TRIPLE BOTTOM" PUSHED PRICE TO 55 MA 08:57 12.09.2017 The main trend is still bullish. The 34 Moving Average has acted as support, so the price is likely going to reach the nearest resistance at 1.1975 - 1.2003. If a pullback from these levels happens, there'll be an opportunity to...

USD/CAD: WILL THE TRIANGLE STOP BEARS? 07:19 12.09.2017 Recommendation: BUY 1.2165 SL 1.211 TP1 1.229 TP2 1.2365 On the daily chart, USD/CAD approached 200% target of AB=CD. If bears manage to conquer support at 1.2045, risks of continuation of the decline to 1.1960 and 1.1820 will...

XAU/USD: GOLD APPROACHED A CRITICAL LINE 07:13 12.09.2017 Recommendation: SELL $1323 SL $1338 TP1 $1305 TP2 $1282 TP3 $1272 On the daily chart, the inability of the bulls to settle above 161.8% target of AB=CD points at their weakness. A break of support at $1320,4-1321,6 will strengthen...

EUR/USD: BEARISH "HIGH WAVE" 10:44 11.09.2017 We've got a bearish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest support. If a pullback from this level happens, there'll be an opportunity to have just another upward price movement. The...

USD/JPY: BULLISH "MORNING STAR" 10:41 11.09.2017 The price reached the upper "Window", but there isn't any reversal pattern so far. Moreover, there's a possible bullish "Three Methods". So, we could have the price even higher in the short term. If any bearish pattern forms afterwards...

EUR/USD: PULLBACK FROM 7/8 MM LEVEL 09:05 11.09.2017 There's a pullback from 7/8 MM Level, so wave may have been formed. In this case, we could have a bearish correction in the short term. The main target for wave [ii] is 6/8 MM Level, which could be a departure point for wave [iii]. 8/8...

GBP/USD: BULLISH "PENNANT" PATTERN 08:36 11.09.2017 Bulls faced with resistance at 1.3223, so the price tested the nearest support at 1.3164. In this case, the pair is likely going to rise in the direction of the next resistance at 1.3249 - 1.3265, which means we could have a new local high...

EUR/USD: "V-TOP" LED TO DECLINE 08:29 11.09.2017 We've got a "V-Top", so the price is declining. In this case, we should keep an eye on the nearest support at 1.1978 - 1.1949 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have an upward price...

AUD/USD: AUSSIE LOOKING FOR SUPPORT OF KIJUN 07:42 11.09.2017 Technical levels: support – 0.8030; resistance – 0.8080, 0.8120. Trade recommendations: Buy — 0.8030; SL — 0.8010; TP1 — 0.8080; TP3 — 0.8120. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of...