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USD/CAD: BEARS WANT MORE 10:50 29.08.2017 Recommendations: SELL 1.2450 SL 1.2505 TP 1.2300 TP2 1.2050 SELL 1.2595 SL 1.2650 TP1 1.2495 TP2 1.2300 On the daily chart, USD/CAD approached multiyear minimum. If it goes below it, AB=CD with 200% target will be triggered. We can’t doubt in the...

GOLD APPROACHED A MILESTONE 10:38 29.08.2017 Recommendation: BUY 1295.50 SL 1285 TP2 1325 TP2 1380 On the daily chart, XAU/USD reached 78.6% target of the inverted Gartley pattern and 78.6% of the last long-term descending wave. As a result, the risks of a pullback have increased. On the...

USD/JPY: DOLLAR ON MAIN SUPPORT 08:47 29.08.2017 Technical levels: support – 108.60; resistance – 109.10. Trade recommendations: Sell — 109. 10; SL — 109.30; TP1 — 109.00; TP2 — 108.50. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen...

EUR/USD: EURO REACHED NEW HIGHS 08:46 29.08.2017 Technical levels: support – 1.1930, 1.1880; resistance – 1.2080. Trade recommendations: Buy — 1.1930; SL — 1.1910; TP1 — 1.2020; TP2 – 1.2070. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and...

EUR/USD: 34 & 55 MAS ACTED AS SUPPORT 13:44 28.08.2017 The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and a "Hammer", which both were confirmed. Also, there's a bearish "High Wave", so we could have a local downward correction. Anyway, bulls...

USD/JPY: "TOWER" PUSHED THE PRICE LOWER 13:41 28.08.2017 The last "Tower" pattern pushed the price lower. It seems like we're going to have a local correction in the short term. Nevertheless, bears are likely going to reach the lower "Window" afterwards. There's a "High Wave" pattern at...

EUR/USD: TRIANGLE IN WAVE [IV] 13:13 28.08.2017 There's a triangle in wave [iv], so there's a new local high. It seems like wave [v] of 3 is going to be continued. So, if +2/8 MM Level turns out to be broken, we're going to have an updated MM Levels graphing. Wave [iv] has been ended on...

GBP/USD: "EXHAUSTION GAP" 11:17 28.08.2017 The 55 Moving Average has acted as resistance, so we've got a "V-Top" pattern on this line. Therefore, bears are likely going to test the nearest support at 1.2853 - 1.2831 in the short term. If a pullback from this area happens, bulls will have a...

EUR/USD: "V-TOP" PATTERN 11:16 28.08.2017 The last "Pennant" has been broken, so bulls pushed the price higher. Also, we've got a "V-Top" pattern, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.1892 - 1.1875. If a pullback from these...

AUD/USD IS BECOMING STALE ON A LEDGE 10:38 28.08.2017 Recommendation: BUY 0.796 SL 0.7905 TP1 0.802 TP2 0.807 On the daily chart, AUD/USD bulls are trying to resume the uptrend. For that they have to conquer resistance at 0.7960 and return the pair to the short-term rising channel. In such...

NZD/USD: BULLS ARE IN STRATEGIC RETREAT 10:16 28.08.2017 Recommendation: BUY 0.7335 SL 0.727 TP1 0.7425 TP2 0.7485 TP3 0.756 On the daily chart, NZD/USD keeps forming a 5-0 pattern. To restore the uptrend, bulls need to conquer resistances at 0.7278, 0.7335 and 0.7386. A pullback to 50%...

AUD/USD: AUSSIE RETURNED TO SSB 09:41 28.08.2017 Technical levels: support – 0.7920; resistance – 0.7950, 0.7990. Trade recommendations: Buy — 0.7940; SL — 0.7920; TP1 — 0.7990; TP3 — 0.8020. Reason: narrow bearish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and...

GBP/USD: BULLS ENTERED INTO CLOUD 09:40 28.08.2017 Technical levels: support – 1.2860; resistance – 1.2940. Trade recommendations: Buy — 1.2890; SL — 1.2870; TP1 — 1.2940; TP2 — 1.2980. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and...

USD/JPY: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1 15:54 25.08.2017 USD/JPY consolidated within the downtrend channel drawn from July highs. The pair has now approached the resistance line of this channel and we are soon to see a breakthrough to the either side. Tokyo CPI for August was encouraging...

GBP/USD: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1 15:52 25.08.2017 GBP/USD made another break to the downside. It fell below the 100-day MA (1.2875) and 1.2850 and hit a near-two-month low. The outlook for the British pound is still clouded by concerns about Brexit risk and economic fundamentals...

EUR/USD: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1 15:48 25.08.2017 EUR/USD kept trading near the benchmark line of 200-week MA (1.1760). The euro continued its consolidation and stayed within a narrower range. ECB President Mario Draghi avoided giving any clues on the European Central Bank’s...

US DOLLAR: OUTLOOK FOR AUGUST 28 - SEPTEMBER 1 15:45 25.08.2017 During the past week, the US dollar index (DXY) continued consolidation. Recent releases weren’t very optimistic: manufacturing PMI and home sales both declined. Donald Trump threatened to shut down the US government over funding...

USD/JPY: DOLLAR REACHED CLOUD’S RESISTANCE 12:42 25.08.2017 Technical levels: support – 109.20; resistance – 109.75. Trade recommendations: Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60. Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and...

EUR/USD: EURO MAY GO HIGHER 12:41 25.08.2017 Technical levels: support – 1.1780; resistance – 1.1870. Trade recommendations: Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1920. Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and...

EUR/USD: BULLISH "ENGULFING" 12:10 25.08.2017 The 55 Moving Average has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so the market is likely going to test the nearest support. If a pullback from the 89 MA happens afterwards...