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EUR/USD: POSSIBLE ENDING DIAGONAL 11:06 06.09.2017 The price is still consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target for wave 4 is 1/8 MM Level. If we have a pullback from this level, bulls are likely going to deliver another upward impulse...

USD/JPY: "TWEEZERS" AND "HAMMER" 10:38 06.09.2017 There's a possible "Three Methods" pattern, so the current local correction is likely going to end soon. Previously, a "Shooting Star" pattern has been formed on the 89 Moving Average. In this case, we could have a new local low pretty soon...

EUR/USD: UPPER "WINDOW" ACTING AS RESISTANCE 10:36 06.09.2017 The 34 & 55 Moving Averages have acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish. Therefore, the market is likely going to continue rising towards the nearest...

GBP/USD: "TRIPLE TOP" LED TO CONSOLIDATION 09:44 06.09.2017 The Moving Averages have acted as support, so the price is rising, but bulls faced with resistance at 1.3032 - 1.3047. In this case, we should keep an eye on the nearest support at 1.2994 - 1.2977 as an intraday target. If a pullback...

EUR/USD: BEARS GOING TO TEST 55 MA 09:38 06.09.2017 The price is still consolidating between the levels 1.1959 - 1.1875. So, bears are likely going to test the 55 Moving Average, which could act as support. If so, there'll be an opportunity to have an upward correction towards the nearest...

AUD/USD: AUSSIE RETURNED TO 0.8000 07:09 06.09.2017 Technical levels: support – 0.7940, 0.7980; resistance – 0.8000. Trade recommendations: Sell — 0.7970; SL — 0.7990; TP1 — 0.7940; TP3 — 0.7920. Buy — 0.7930; SL — 0.7910; TP1 — 0.8000; TP3 — 0.8040. Reason: bullish Ichimoku Cloud, horizontal...

GBP/USD: BULLS LOOK STRONG 07:08 06.09.2017 Technical levels: support – 1.2920, 1.2980; resistance – 1.3020/40. Trade recommendations: Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and...

GBP/USD: BULLS RETURN TO THE GAME 06:36 06.09.2017 Recommendation: SELL 1.296 SL 1.3015 TP1 1.2835 TP2 1.2775 On the daily chart, GBP/USD returned inside the long-term bullish channel. This points at buyers’ strength. Bears can regain the initiative only if the pair slide below $1.2962. A...

USD/CHF: BULLS WANT REVENGE 06:25 06.09.2017 Recommendation: BUY 0.964 SL 0.9585 TP1 0.9765 TP2 0.986 On the daily chart, a double bottom allows the bulls to retain hopes of finishing a “Dragon” pattern. To do it they have to return the quotes to resistance levels at 0.9650 and 0.9765 and...

EUR/USD: DEVELOPING IMPULSE IN WAVE [C] OF 4 12:51 05.09.2017 An extension in wave 3 has been finished under 3/8 MM Level, so there's developing wave 4, which is likely going to take the form of a zigzag. If the price doesn't find a lodgement below 1/8 MM Level, there'll be an opportunity to...

USD/JPY: BEARISH "THREE METHODS" 12:26 05.09.2017 We've got a bearish "Three Methods", but there's a local bullish "Harami" pattern, which has been confirmed. So, the market is likely going to test the closest resistance level, which could lead to another decline. There's resistance by the...

EUR/USD: "HARAMI" AND "SHOOTING STAR" 12:23 05.09.2017 There's a developing bearish correction. We've got bearish patterns such a "Harami" and a "Shooting Star" at the last local high. So, the price is likely going to test the 89 Moving Average, which could be a departure point for another...

GBP/USD: 34 & 55 MA ACTING AS SUPPORT 12:20 05.09.2017 The 34 & 55 Moving Averages are acting as support. Nevertheless, the pair is likely going to test the next support at 1.2891 - 1.2853 in the short term. If a pullback from this area happens little later on, we should keep an eye on the...

EUR/USD: BEARISH "FLAG" PATTERN 12:17 05.09.2017 The price is consolidating between the levels 1.1909 - 1.1875. It's likely that bears are going to test the 55 Moving Average, so we could have a new local low soon. However, if a pullback from this line happens, there'll be an opportunity to...

USD/JPY: DOLLAR GOING TO NEGATIVE AREA 10:05 05.09.2017 Technical levels: support – 190.30, 108.90; resistance – 109.60, 109.90. Trade recommendations: Sell — 109. 50; SL — 109.70; TP1 — 108.90; TP2 — 108.50. Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new...

EUR/USD: EURO ENTERED INTO CLOUD 10:05 05.09.2017 Technical levels: support – 1.1870/80; resistance – 1.1950, 1.1990. Trade recommendations: Buy — 1.1910; SL — 1.1880; TP1 — 1.1950; TP2 – 1.1990. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; an irregular golden cross of...

USD/CAD: BULLS ARE COUNTING ON A TRIANGLE 09:47 05.09.2017 Recommendation: SELL 1.2505 SL 1.256 TP 1.231 TP2 1.218 SELL 1.255 SL 1.261 TP 1.245 TP2 1.231 On the daily chart, USD/CAD bears managed to renew the long-term low. This increases the risks of the continuation of the decline to...

XAU/USD HAS SPREAD ITS WINGS 09:38 05.09.2017 Recommendation: BUY $1321 SL $1305 TP $1351 TP2 $1386 On the daily chart, XAU/USD keeps rallying towards 200% target of the AB=CD pattern. The area of $1347-1352 acts as key resistance. Support is near $1320.4-1321.6. Bulls retain control, so...

AUD/USD: AUSSIE CAN’T BREAKOUT 0.8000 12:01 04.09.2017 Technical levels: support – 0.7940; resistance – 0.8000. Trade recommendations: Buy — 0.7940/50; SL — 0.7920; TP1 — 0.8000; TP3 — 0.8040. Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen...

GBP/USD: TRADES IN CLOUD WILL CONTINUE 12:00 04.09.2017 Technical levels: support – 1.2920, 1.2900; resistance – 1.3020. Trade recommendations: Buy — 1.2920; SL — 1.2900; TP1 — 1.2970; TP2 — 1.3020. Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead...