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USD/JPY: DOLLAR CORRECTED TO KIJUN-SEN 09:23 23.08.2017 Technical levels: support – 109.00; resistance – 109.750. Trade recommendations: Sell — 109.40/50; SL — 109.70; TP1 — 109.00; TP2 — 108.60. Reason: bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of...

EUR/USD: EURO SUPPORTED BY CLOUD 09:22 23.08.2017 Technical levels: support – 1.1750; resistance – 1.1820. Trade recommendations: Buy — 1.1770; SL — 1.1750; TP1 — 1.1820; TP2 – 1.1890. Reason: narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and...

USD/CAD: BEARS GOT SCARED OF A SHARK 09:15 23.08.2017 Recommendation: SELL 1.2675 SL 1.273 TP1 1,2575 TP2 1.249 TP3 1.245 On the daily chart, USD/CAD keeps forming the 5-0 pattern. Recoil from convergence area at 1.2737-1.2765 allowed bears to try to resume the downtrend. If the pair...

GBP/USD: BULLS SHOWED WEAKNESS 09:08 23.08.2017 Recommendation: SELL 1.2845 SL 1.29 TP1 1.2665 On the daily chart, GBP/USD keeps forming the shark pattern with the target at 113%. It is situated near 1.2767 (38.2% of the last descending wave). The inability of the bulls to return the quotes...

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 10:41 22.08.2017 The price is consolidating between the levels 1.2830 - 1.2911. Meanwhile, bears are likely going to test the nearest support at 1.2853. If we have a pullback from this level, there'll be an option to have a bullish price movement...

EUR/USD: WEDGE AND DOUBLE ZIGZAG 13:16 22.08.2017 The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv]. We've got a wedge in wave (a) and a double zigzag...

USD/JPY: PULLBACK FROM THE LOWER "WINDOW" 12:09 22.08.2017 There's another pullback from the lower "Window". Also, we've got an "Inverted Hammer" and a "Hammer" patterns, which both have been confirmed. So, the market is likely going to the upper "Window" soon. We've got a bullish "High...

EUR/USD: "HARAMI" AND "THREE METHODS" 12:06 22.08.2017 We've got a bearish "Harami", which has been confirmed, so the market is likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement. There are...

AUD/USD: BULLS WANT TO GO NORTH 11:17 22.08.2017 Recommendation: BUY 0.796 SL 0.7905 TP1 0.802 TP2 0.807 TP3 0.835 On the daily chart, AUD/USD managed to settle above the important level of 0.7900 (23.6% of the last bullish wave). The odds of the uptrend’s resumption are now higher. The...

XAU/USD: INDIANS WILL SHOW WAY FOR GOLD 10:55 22.08.2017 Recommendation: SELL $1280 SL $1296 TP $1264 TP2 $1250 On the daily chart, XAU/USD managed to return inside the bullish medium-term uptrend channel. Successful test of resistance at $1297 will trigger AB=CD pattern. Its 200% is near...

EUR/USD: "DOUBLE TOP" PATTERN 10:38 22.08.2017 The price is consolidating under the previously broken trend line. So, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the next...

OIL (WTI) FAVORED BY THE BEARS 01:32 22.08.2017 Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern. The Fibonacci area of 50% and 65% has been providing the enough...

USD/JPY: "WINDOW" ACTED AS SUPPORT 13:30 21.08.2017 We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline. More...

EUR/USD: BEARISH "DOJI" 13:27 21.08.2017 We've got a bearish "Doji" on the 34 Moving Average, but confirmation of this pattern isn't enough. So, the price is likely going to test the closest support area, which could be a departure point for an upward price movement. We've got an...

EUR/USD: POSSIBLE WEDGE PATTERN 12:33 21.08.2017 The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv]. So, we could have another bearish impulse in wave (c) of [iv] pretty soon. There's a possible wedge pattern in wave...

GBP/USD: "THORN" PATTERN 11:34 21.08.2017 The last "Flag" pattern has been broken, so the price reached support at 1.2830. Also, there's a "Thorn" pattern, so the market is likely going to test the nearest support at 1.2811. If a pullback from this level happens, bulls will have a green light...

EUR/USD: 34 MA ACTED AS RESISTANCE 11:29 21.08.2017 The 34 Moving Average has acted as resistance, so the price is consolidating. It seems like the market is going to reach the nearest support at 1.1712 - 1.1683. If a pullback from this area happens, there'll be an opportunity to have an...

NZD/USD: BULLS PREPARE A STRIKE 11:18 21.08.2017 Recommendation: BUY 0.7335 SL 0.7280 TP1 0.7435 TP2 0.7530 On the daily chart, NZD/USD keeps retracing in line with the transformation of the “Shark” pattern to 5-0. Return of the pair to resistance at 0.7386 (23.6% of the wave CD) and its...

AUD/USD: AUSSIE TESTED SSB’S RESISTANCE 10:33 21.08.2017 Technical levels: support – 0.7890; resistance – 0.7935. Trade recommendations: Buy — 0.7890; SL — 0.7870; TP1 — 0.7935; TP3 — 0.7980. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and...

EUR/USD: CONSOLIDATION IN CLOUDY AREA 10:32 21.08.2017 Technical levels: support – 1.1640, 1.1730; resistance – 1.1770, 1.1820. Trade recommendations: Sell — 1.1720; SL — 1.1740; TP1 — 1.1680; TP2 – 1.1640. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of...