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GBP/USD: BEARISH "FLAG" 10:34 10.08.2017 There's a consolidation, which is taking place near the 89 Moving Average. Also, there's a possible developing "Flag" pattern, so bears are likely going to reach the nearest support at 1.2932 soon. If a pullback from this level arrives little later on...

EUR/USD: "THORN" PATTERN 10:31 10.08.2017 The pair is consolidating near the 55 Moving Average. It's likely that the price is going to test the nearest support at 1.1649 in the short term. If a pullback from this level happens afterwards, there'll be an opportunity to have a bullish price...

USD/JPY: BROKEN "WINDOW" 14:47 09.08.2017 We've got a new local low, but there isn't any reversal pattern so far. So, bears are likely going to test the "Window's" lower side. If any bullish pattern arrives afterwards, there'll be an opportunity to have a bullish price movement towards the...

EUR/USD: CONSOLIDATION IN A TINY RANGE 14:44 09.08.2017 There's a bearish correction, which is taking place on the four-hours chart. The last bullish "High Wave" pattern hasn't been confirmed yet, so the market is likely going to test the 55 Moving Average in the short term. The price is...

USD/CAD: BEARS ARE GATHERING STRENGTH 11:08 09.08.2017 On the daily chart, USD/CAD left the downtrend channel. As a result, the pair is correcting towards 23.6%, 38.2% and 50% within the transformation of the “Shark” pattern into 5-0. It will be sensible to use recoil from important resistance...

EUR/USD FINISHED A WAVE 10:57 09.08.2017 Recommendation: BUY 1.1630 SL 1.1575 TP1 1.1820 TP2 1.1920 BUY 1.1520 SL 1.1465 TP1 1.1620 TP2 1.182 TP2 1,1920 On the daily chart, EUR/USD finished the wave 4-5 within the “Widening wedge”. Use pullbacks towards 23.6%, 38.2% and 50% for opening long...

GBP/USD: BULLISH "THORN" 10:04 09.08.2017 We've got a "Thorn" pattern, so the price reached the 89 Moving Average. There's time for correction, so we should keep an eye on the 34 MA as a bullish target. If a pullback from this line happens, we could have just another decline towards the next...

EUR/USD: "PENNANT" PATTERN 10:00 09.08.2017 The last "Pennant" pattern has been broken, so the price faced support at 1.1712. However, the market is likely going to continue falling down towards the 55 Moving Average. If a pullback from this line happens, there'll be an opportunity to have an...

AUD/USD: AUSSIE IS IN CORRECTION TO SSB 09:12 09.08.2017 Technical levels: support – 0.7820/30; resistance – 0.7910. Trade recommendations: Sell — 0.7910; SL — 0.7930; TP1 — 0.7830. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the...

GBP/USD: POUND ENTERED INTO NEGATIVE AREA 09:11 09.08.2017 Technical levels: support – 1.2910; resistance – 1.3030. Trade recommendations: Sell — 1.3030; SL — 1.3050; TP1 — 1.2950; TP2 — 1.29100. Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and...

EUR/NZD TOWARDS THE 1.6115 AREA IN THE SHORT-TERM 06:33 09.08.2017 EUR/NZD has been consolidating above the 200 SMA, gaining momentum across the board and looks forward to duplicating a cycle started from the last week of June, until the second week of July. According to our Fibonacci...

NZD/USD BROKE SUPPORT LEVEL 0.7340 21:17 08.08.2017 NZD/USD broke support level 0.7340 Next sell target - 0.7200 NZD/USD today broke below the support level 0.7340 (former resistance level from June which was set as the sell target in our earlier forecast for this currency pair). The breakout...

NZD/JPY REVERSED FROM RESISTANCE AREA 21:15 08.08.2017 NZD/JPY reversed from resistance area Next sell target - 80.00 NZD/JPY recently reversed down from the resistance area lying between the resistance level 83.600 (which was set as the buy target in our earlier forecast for this currency pair...

USD/JPY: SUPPORT BY "WINDOW" 16:50 08.08.2017 The lower "Window" has acted as support, so we've got a local "Hammer". However, the price faced with the Moving Averages once again, which means bears are likely going to test the nearest "Window" one more time. There isn't any reversal...

EUR/USD: "HARAMI" PATTERN 16:47 08.08.2017 The 34 Moving Average has acted as support, so we've got a "Harami" pattern on this line. So, bulls are likely going to test the nearest resistance level, which could be a departure point for another decline towards the 55 MA. The price is...

USD/JPY: BULLS PREVENTED BY CLOUD 11:34 08.08.2017 Technical levels: support – 110.00, 110.40; resistance – 110.70. Trade recommendations: Sell — 110.40; SL — 110.60; TP1 — 110.00; TP2 — 109.60. Buy — 110.80; SL — 110.60; TP1 — 111.40; TP2 — 111.80. Reason: bearish Ichimoku Cloud with...

EUR/USD: EURO MAY ENTER INTO CLOUD 11:33 08.08.2017 Technical levels: support – 1.1780; resistance – 1.1820. Trade recommendations: Buy — 1.1830; SL — 1.1810; TP1 — 1.1900; TP2 – 1.1930. Sell — 1.1800; SL — 1.1820; TP1 — 1.1710; TP2 – 1.1650. Reason: bullish Ichimoku Cloud with horizontal...

GBP/USD: BEARISH "FLAG" PATTERN 10:48 08.08.2017 The price is consolidating under the broken downtrend. The 89 Moving Average is acting as support, but bears are likely going to test the next support at 1.2997 - 1.2982. If a pullback from these levels arrives little later on, we should keep...

NZD/USD: BEARS COUNTERATTACKED 10:19 08.08.2017 Recommendation: BUY 0.7280 SL 0.7225 TP1 0.738 TP2 0.7460 TP3 0.7560 On the daily chart, NZD/USD reached targets on the inverted “Shark” pattern. After reaching 113% target of the wave XC the pair started correcting towards 23.6%, 38.2% and 50%...

AUD/USD IS CHASING THE “SHARK” 10:04 08.08.2017 Recommendation: SELL 0.7880, SL 0.7935, TP 0.7760 On the daily chart, AUD/USD keeps correction to the uptrend. For its further development bears need to pull the prices below 0.7900 and renew correction low at 0.7875. In this case, the “Shark”...