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AUD/USD PAINTED A TRIANGLE 11:22 04.09.2017 Recommendation: BUY 0.7985 SL 0.793 TP1 0.8085 TP2 0.8335 SELL 0.7915 SL 0.797 TP 0.779 On the daily chart, AUD/USD formed a triangle. A break of its upper border will create conditions needed for an advance to 0.8000. On the other hand, it the...

EUR/USD: WAVE (II) IS ABOUT TO END 11:13 04.09.2017 There's developing wave 4, which is likely going to take the form of a zigzag. So, we could have a downward impulse in wave [c] soon. If a pullback from 1/8 MM Level happens afterwards, there'll be an opportunity to have another bullish...

NZD/USD IS GATHERING STRENGTH FOR TAKEOFF 11:03 04.09.2017 Recommendations: BUY 0.7205 SL 0.715 TP1 0.7295 TP2 0.7345 TP2 0.7395 On the daily chart, NZD/USD keeps correcting to the long-term uptrend as the “Shark” pattern is transforming into 5-0. Bulls retain hopes for return to 61.8% and...

USD/JPY: NEW "WINDOW" 10:29 04.09.2017 There's a new "Window", but we still don't have any reversal pattern. So, the price is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, there'll be an opportunity to have a bullish price movement...

EUR/USD: MARKET GOING TO TEST 55 MA AGAIN 10:27 04.09.2017 The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and an "Inverted Hammer". However, confirmation of these patterns is quite weak, so the market is likely going to test the 55 MA once...

GBP/USD: BULLS GOING TO BREAK THE LAST HIGH 10:10 04.09.2017 Bulls found resistance at 1.2985, so we've got a "V-Top" pattern, which has been confirmed. If the 89 Moving Average acts as support, the price is likely going to test another resistance at 1.2989. If a pullback from this level...

EUR/USD: "THORN" PATTERN 10:07 04.09.2017 The main trend is still bullish, but the price faced resistance at 1.1959, so we've got a "Thorn" pattern, which pushed the market to the 34 Moving Average. In this case, we should keep an eye on the nearest support area at 1.1827 - 1.1801 as an...

USD/CAD: OUTLOOK FOR SEPTEMBER 4-8 18:32 01.09.2017 Canadian dollar keeps making impressive gains versus its US counterpart. USD/CAD made an attempt to recover, but was severely rejected down from 1.2660 and fell to the lowest levels in more than 2 years. The pair was hit both by the US...

USD/JPY: OUTLOOK FOR SEPTEMBER 4-8 18:09 01.09.2017 Japanese yen has been influenced by tensions between the US and North Korea. It gained as a safe haven at the beginning of the week after North Korea fired a missile over Japanese territory on Tuesday. USD/JPY fell to 108.25 before recovering...

GBP/USD: OUTLOOK FOR SEPTEMBER 4-8 17:38 01.09.2017 In line with our expectations, GBP/USD tried to recover but remained limited by the key psychological level of 1.3000 on the upside. The pair’s recovery was caused primarily by the weakness of the US dollar and not by the strength of British...

EUR/USD: OUTLOOK FOR SEPTEMBER 4-8 17:18 01.09.2017 The single currency had an extremely volatile week. EUR/USD made a spike to 1.2070, then fell to 1.1820 and then made another spike to the levels close to 1.2000 before returning below 1.1900. The euro made bullish swings on good data from...

USD: OUTLOOK FOR SEPTEMBER 4-8 16:31 01.09.2017 The US dollar index (DXY) dipped to 91.55 before recovering to 93.30 area, but the descending trend line didn’t let the greenback to push higher and it reserved back to the downside. The fundamental picture for the US currency looks rather grim...

USD/JPY: BEARS GOING TO PUSH PRICE LOWER 14:33 01.09.2017 There's a "Shooting Star", which has been formed on the 144 Moving Average. Also, there's a local bullish "Harami", so the market is likely going to test the nearest resistance, which could be a departure point for a decline toward the...

EUR/USD: CONFIRMED "DOJI" 14:31 01.09.2017 There's a bullish "Harami", which has been confirmed by the last "Three Methods". So, the market is likely going to rise towards the nearest resistance in the short term. If a pullback from this level happens, we could have another decline. We've...

EUR/USD: PULLBACK FROM 1/8 MM LEVEL 12:44 01.09.2017 We've got a pullback from 1/8 MM Level, so wave [a] has been ended. However, wave 4 is likely going to be continued. So, if a pullback from 2/8 MM Level happens afterwards, we could have another bearish impulse in wave [c] of 4. There's...

NFP: A HOT DAY FOR THE US DOLLAR 11:38 01.09.2017 It’s the first Friday of September that means that the United States will release labor market data for August at 15:30 MT time. This week has already been very volatile for EUR/USD and USD/JPY. Will the news release change anything? The risks...

GBP/USD: PAIR GOING TO TEST NEAREST SUPPORT 11:30 01.09.2017 We've got a "V-Bottom" pattern, so the price reached the 89 Moving Average. In this case, we could have an upward price movement towards the nearest support area at 1.2891 - 1.2877. If a pullback from these levels arrives little...

EUR/USD: "V-BOTTOM" PATTERN 11:27 01.09.2017 Bears faced with support at 1.1875, so we've got a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1909. So, the market is likely going to decline towards the next support at 1.1846. If a pullback from this level happens...

EUR/GBP: BULLS COUNT ON A WEDGE 10:21 01.09.2017 Recommendations: BUY 0.922 SL 0.9165 TP 0.932 BUY 0.9235 SL 0.918 TP 0.9335 On the daily chart, EUR/GBP is in sustainable uptrend within “Spike and reversal with acceleration”. As long as the pair doesn’t fall to 0.9068, bulls will retain...

EUR/USD: EURO LIKED PIN BARS 10:04 01.09.2017 Recommendations: BUY 1.1925 SL 1.187 TP1 1.1995 TP2 1.2085 BUY 1.1985 SL 1.193 TP1 1.2085 TP2 1.2185 On the daily chart, bears’ failure to rise above 1.1845 points at their weakness. This is confirmed by a pin bar with a long lower wick. Traders...