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USD/JPY: 34 MA ACTED AS RESISTANCE ONCE AGAIN 12:06 25.08.2017 The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new...

EUR/USD: PRICE STILL CONSOLIDATING 11:19 25.08.2017 The price is still consolidating. It seems like wave [iv] is taking the form of a zigzag, so we could have a bearish impulse in wave (c) of [iv] soon. If a pullback from 7/8 MM Level happens, there'll be an opportunity to have another...

EUR/JPY: BULLS ENTER THE CROSSROADS 10:30 25.08.2017 recommendation: BUY 129.75 SL 129.2 TP1 130.95 TP2 131.8 On the daily chart, EUR/JPY bulls prepare an attack on the horizontal resistance aiming to return the pair inside the previous medium-term rising channel. If they succeed, risks of the...

EUR/USD: WILL THE EURO FALL? 10:22 25.08.2017 Recommendation: BUY 1.1845 SL 1.179 TP1 1.1945 TP2 1.2 SELL 1.1735 SL 1.179 TP 1.1625 TP2 1.155 On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of...

GBP/USD: PRICE GOING TO TEST LAST LOW AGAIN 10:22 25.08.2017 Bears faced support at 1.2768, so the price is consolidating. It seems like the market is going to test the last low once again. If any bullish pattern arrives little later on, we should keep in mind the closest resistance at 1.2831...

EUR/USD: BULLISH "PENNANT" 10:19 25.08.2017 The price is consolidating near support at 1.1801. Also, there's a "Pennant", so the market is likely going to move up towards the nearest resistance at 1.1846. In this case, we could have a new local high pretty soon. However, bears will probably...

EUR/USD: 34 MA GOING TO ACT AS SUPPORT 13:02 24.08.2017 There's a "Shooting Star", but confirmation of this pattern is quite weak. So, the 34 Moving Average is likely going to act as support. If a pullback from this line happens, there'll be an opportunity to have another upward price...

USD/JPY: "HAMMER" AND "BELT HOLD" 12:32 24.08.2017 There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to test the upper "Window" once again. If a pullback from this level happens afterwards, bears will probably...

EUR/USD: DEVELOPING ZIGZAG 11:07 24.08.2017 There's developing wave [iv], which is likely going to take the form of a zigzag. The main target is 7/8 MM Level, which could be a departure point for wave [v] of 3. There are a bearish impulse in wave i and a zigzag in wave ii. So, there's an...

USD/CHF DOESN’T WANT TO PART WITH WEDGE 10:41 24.08.2017 Recommendations: SELL 0.9605 SL 0.966 TP1 0.9505 TP2 09475 BUY 0.975 SL 0.9695 TP 0.989 On the daily chart, USD/CHF keeps consolidation near an important level of 0.9650 (23.6% of the last long-term descending wave). If bears manage to...

USD/JPY: YEN MET 3 INDIANS 10:28 24.08.2017 Recommendation: BUY 109.8 SL 109.25 TP1 110.8 TP2 112 On the daily chart, another attempt of bulls to return inside the triangle was unsuccessful. In order to have another chance, buyers need to keep the pair inside the medium-term channel between...

GBP/USD: BROKEN "FLAG" 10:19 24.08.2017 The last "Flag" pattern has been broken, so the price reached support at 1.2768. Nevertheless, bears are likely going to test the next support at 1.2768 - 1.2736 in the short term. If we have a pullback from these levels, bulls will have a green light...

EUR/USD: "DOUBLE BOTTOM" PATTERN 10:11 24.08.2017 There's a "Double Bottom" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a...

AUD/USD: BREAKDOWN OF SSA 09:38 24.08.2017 Technical levels: support – 0.7850, 0.7810; resistance – 0.7880. Trade recommendations: Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and...

GBP/USD: POUND IS OVERSOLD 09:37 24.08.2017 Technical levels: support – 1.2750, 1.2710; resistance – 1.2820. Trade recommendations: Sell — 1.2820; SL — 1.2840; TP1 — 1.2750; TP2 — 1.2710. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and...

EUR/USD: DEVELOPING WAVE [IV] 12:59 23.08.2017 There's a developing wave [iv], which is taking place on the four-hours chart. The main target for wave (c) is 7/8 MM Level, which could be a departure point for wave [v] of 3. We've got a double zigzag in wave (b) and a bearish impulse in...

USD/JPY: "ENGULFING" ON THE 34 MOVING AVERAGE 12:52 23.08.2017 We've got an "Engulfing" pattern on the 34 Moving Average, so bears are likely going to continue pushing the price lower. The main intraday target is the lower "Window". Bulls faced resistance on the 144 Moving Average, so...

EUR/USD: BULLISH "HARAMI" 12:49 23.08.2017 There's a bullish "Harami", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the nearest resistance. If we see a pullback from this level, there'll be an opportunity to have a...

GBP/USD: MARKET GOING TO TEST NEXT SUPPORT 10:45 23.08.2017 Bears faced support at 1.2811, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.2793 - 1.2768 in the coming hours. If a pullback from this area happens little later on, bulls will...

EUR/USD: "DOUBLE TOP" PATTERN 10:40 23.08.2017 There's a "Double Top" pattern, which has been confirmed. So, the price reached the nearest support at 1.1757, which led to a consolidation. In this case, the market is likely going to test the next support at 1.1712 - 1.1683. If a pullback from...